8 articles
Network fees on Robinhood's layer-2 fell from $6.04 million on September 4 to $234,819 twelve days later, according to DeFiLlama. Over the same stretch the value held in applications on the chain rose about 15% to a high for the series, and fees have edged back up since the low.
Hefu Chai and Huaisong Xiang each face one Commodity Exchange Act count and one wire fraud count over perpetual futures bought before Robinhood announced listings. Trading derivatives rather than spot tokens is what routes the case through commodities law.
Arcus's pTokens give the holder a pro-rata claim on a managed perpetuals account at a fixed leverage level, and they move like any other spot asset, lending markets included. The chain underneath them went live eight weeks ago.
Proposal 100 takes roughly one-sixth of every swap fee and routes it into UNI burns. Liquidity providers keep their yields intact.
Robinhood's crypto trading revenue collapsed 47 per cent year-on-year to $134 million in Q1, but CEO Vlad Tenev used the earnings call to reframe the entire business around tokenisation and a new public testnet of Robinhood Chain.
Wisconsin's attorney general filed three lawsuits arguing prediction market contracts are illegal sports bets, escalating a jurisdictional battle between states and the CFTC that is almost certainly headed to the Supreme Court.
Robinhood added Zcash to its trading platform on Wednesday, making ZEC available in New York — where the BitLicense regime has historically shut out privacy-focused tokens — and sparking a 10 per cent price surge on volume that spiked 50 per cent.
Robinhood launched cryptocurrency trading in the European Union on December 5, 2023, through a Lithuania-based entity, listing more than 25 tokens.
