Ethereum Revenue Plummets as Robinhood Surges
@RobinhoodChain processed a record 5.52 million transactions on Aug. 30, generating $2.66 million in revenue, surpassing Ethereum as memecoin trading tools drove activity. #Update #Crypto $DOGE
@RobinhoodChain processed a record 5.52 million transactions on Aug. 30, generating $2.66 million in revenue, surpassing Ethereum as memecoin trading tools drove activity. #Update #Crypto $DOGE
The Bank of Russia has proposed including $ETH and $USDT in a draft list of cryptocurrencies for public trading on Russian exchanges, with @Sberbank planning to use them as collateral for crypto-backed loans. #Update #Crypto $ETH $USDT
Robinhood Chain apps generated $2.66M in 24-hour revenue, surpassing Ethereum and Hyperliquid on August 31, driven by Gmgn, Pons, and Uniswap. #Update #Crypto
@Robinhood Chain generated $2.66M in app revenue on August 31, surpassing Ethereum and Hyperliquid, driven by GMGN, Pons, and Uniswap. However, its 30-day revenue remains lower than competitors. #Update #Crypto $ETH
U.S. spot Bitcoin ETFs saw $201.9M outflows on Aug. 28, ending a nine-day inflow streak; Ethereum ETFs continued with $102.1M inflows. #Update #Crypto $BTC
Sberbank plans to accept $BTC, $ETH, and $USDT as loan collateral, pending Russia’s new crypto regulations. #Update #Crypto $BTC
Nvidia’s 9% surge offsets U.S. equities’ flat week. Tether mints 3B USDT, hinting at bullish sentiment. Coinbase launches crypto-backed mortgages. #Update #Crypto $USDT
Ex-Ethereum Foundation contributor Trent Van Epps warns of a funding crunch for core developers within 3-9 months amid spending cuts. $ETH #Update #Crypto
Aztec Connect’s deprecated contract exploited for $2.19M, highlighting risks of old smart contracts in DeFi. Active Aztec network unaffected. #Breaking #Crypto $ZK
Arthur Hayes has sold 6,000 $ETH at $1,690 after accumulating 5,900 $ETH at an average of $1,793, incurring a loss of $606K as the price struggles near $1,700. #Update #Crypto $ETH
Morgan Stanley amends ETH and SOL ETF filings, setting a 0.14% sponsor fee, potentially undercutting Grayscale. Staking providers named include Figment, Galaxy, and Coinbase Canada. #Update #Crypto $ETH
Former Ethereum Foundation contributor Trenton Van Epps warned of a potential $30 million annual funding crisis for Ethereum, following recent layoffs and reduced resources at the foundation. #Update #Crypto $ETH
Ethereum trades at $1,700, down 65% from its 2025 peak. Despite a 44% drop in 2026, Standard Chartered maintains a $40,000 target. #Update #Crypto $ETH
Ethereum’s ecosystem may face a funding gap within 3-9 months, warns former Ethereum Foundation coordinator Trent Van Epps, as the Client Incentive Program ends. #Update #Crypto $ETH