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Crypto

Robinhood chain boom raises question for Ethereum: tailwind or dilemma

Robinhood\'s Ethereum layer-2 network has expanded rapidly since its July 1 launch, lifting optimism about the Ethereum ecosystem. More than $141 million of ETH has been bridged in and wallets holding ETH have topped 500,000, while daily DEX volume has at times exceeded Ethereum mainnet and Coinbase\'s Base. Some see the project as a milestone for institutional adoption, but others argue L2 revenue contributes little to Ethereum mainnet so far.

Crypto

Crypto firms step up search for new revenue as trading gains fall short in downturn

Crypto companies are accelerating efforts to diversify revenue as trading income weakens amid slower bitcoin and ether prices. Exchanges, brokers and stablecoin firms are expanding into derivatives, prediction markets and financial infrastructure to respond to the market downturn. Coinbase and Robinhood are widening financial services, while Gemini is extending into new products. Corporate treasury-focused firms are also revising strategies, with Strategy reporting a net loss tied to bitcoin’s decline.