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6h Crypto Recap: Bitcoin, Robinhood, Coinbase, Zcash, RWA buzz
A major court decision tied to #Trump-era tariffs is set for tomorrow, and traders are watching it for potential spillovers into risk assets like #Bitcoin. The focus is on how a ruling could reshape near-term macro headlines. ⚖️
#Robinhood reported its new Layer-2 testnet processed 4M transactions in its first week. The early activity is being framed as a throughput and user-demand signal for its onchain roadmap.
#Bitcoin self-custody holders were reported to be sitting on $27.8B in unrealized losses while #Bitcoin ETFs saw $8.5B in outflows. The contrast is highlighting how different holder cohorts are absorbing drawdowns.
6h Crypto Highlights: CFTC, XRP, Solana, Token Predictions – Market Buzzing!
Mike Selig has emerged as a frontrunner for the chair position at the CFTC, gaining significant attention following an endorsement from #Ripple. His potential appointment comes at a crucial time as the regulatory landscape for cryptocurrencies continues to evolve.
The #Solana network is currently facing challenges with $200 million in long bets that threaten its key support levels. This situation has raised concerns among traders about the stability of the token in the near term.