Crypto Brief
Robinhood L2 Testnet Reaches 4M Transactions
Robinhood’s Ethereum layer-2 testnet processed 4 million transactions within its first week as the firm advances plans for a mainnet launch later this year.
The Briefs section compiles short, high-importance updates across cryptocurrency, blockchain, digital asset markets, regulation, venture activity, exchanges, and product launches. It is built for readers who want fast access to material developments without the length or structure of full reported features. This page serves as a running editorial feed for time-sensitive items that can affect sentiment, pricing, policy, or sector direction. It complements longer news and analysis by offering a condensed format for tracking the pace of change across the crypto industry.
Robinhood’s Ethereum layer-2 testnet processed 4 million transactions within its first week as the firm advances plans for a mainnet launch later this year.
Abu Dhabi-linked sovereign investors disclosed over $1 billion in US spot Bitcoin ETF holdings, even as the market recorded renewed outflows.
Nevada has filed a civil enforcement action against Kalshi after a federal appeals court denied the firm’s attempt to block state regulatory action.
Pump.fun has launched a trader cashback feature, redirecting rewards from token creators to traders as platform fees and profitability concerns intensify.
Bitwise and GraniteShares have filed for prediction market-style ETFs tied to US election outcomes, expanding the financialization of event-based derivatives.
eToro shares rose over 20% after reporting a Q4 earnings beat, with crypto-related activity driving a significant share of revenue and income.
Zora introduced its new attention markets platform on Solana, enabling traders to speculate on viral trends, as the ZORA token rose 6.2% following the announcement.
Gemini is parting ways with its CFO, COO, and CLO in a major leadership reshuffle as rising operating costs continue to pressure profitability.
DeFi lending protocol ZeroLend is winding down operations after citing unsustainable economics, shrinking liquidity and growing security risks.
Kraken will sponsor savings accounts for all Wyoming newborns in 2026, reinforcing its alignment with crypto-friendly state policy and long-term regulatory positioning.
Japan’s SBI Holdings plans to acquire a controlling stake in Singapore-based crypto exchange Coinhako, signaling deeper expansion into regulated Asian digital asset markets.
A new global survey shows rising use of stablecoins for salaries and everyday spending, highlighting growing real-world utility beyond trading.