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Crypto
Ethereum layer2 closures continue as Abstract to halt in December after Blast
Consumer-focused Ethereum layer2 network Abstract will shut down its chain on Dec. 15, The Block reported. Abstract cited stalled growth, insufficient liquidity, a limited DeFi ecosystem and weak institutional adoption. More than 144 apps run on the network, which said it had secured more than 400,000 users through partnerships including Red Bull Racing and Disney. Users must move assets off Abstract before the shutdown date or risk losing access.
Crypto
Robinhood memecoin launch? CEO reaction fuels market expectations
Interest is growing in whether Robinhood could expand its memecoin lineup after CEO Vlad Tenev (블라드 테네프) reacted to a memecoin-related post. A community has interpreted the reaction as a signal of an expansion push, U.Today reported. The reaction began when an X user shared a July post proposing a “Robinhood memecoin.” Robinhood has gained momentum in crypto since launching Robinhood Chain, an Ethereum-compatible layer 2 network, and chain metrics have also lifted expectations.
Crypto
Memecoins outpace bitcoin and ether as \'barbell strategy\' spreads
Memecoins are rising faster than major cryptocurrencies even as the broader crypto market climbs, signalling a shift in investor behaviour. Bitcoin briefly topped $75,000, while XRP and Solana gained more than 4 percent and ether rose about 7 percent. Pepe jumped about 19 percent in a day, with Bonk and Pudgy Penguins up more than 10 percent. The move is being linked to a “barbell strategy” combining core assets with speculative memecoin exposure.