Don't Just Read the News, Understand It.
Published loading...Updated

Ethereum (ETH) Jumps as Robinhood Builds New Blockchain Using Arbitrum Technology

  • On June 30, 2025, Robinhood announced at an event in Cannes, France, it is developing a Layer-2 blockchain using Arbitrum's rollup infrastructure.
  • This announcement follows Robinhood's June acquisition of Bitstamp for $200 million and a broader push to expand crypto offerings under a friendlier regulatory environment.
  • Robinhood unveiled new products including EU crypto perpetual futures with up to 3x leverage, U.S. staking services for Ethereum and Solana, and over 200 US stock tokens for EU customers.
  • Ether rose 3.5% to $2,519 supported by $429 million in weekly inflows into ether funds, while CEO Vlad Tenev stated their offerings lay groundwork for crypto as the global financial backbone.
  • Robinhood’s Layer-2 blockchain plans aim to enable 24/7 token trading and broader decentralized finance adoption, signaling confidence in Ethereum’s scalability and future growth.
Insights by Ground AI
Does this summary seem wrong?

29 Articles

All
Left
2
Center
5
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 71% of the sources are Center
71% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

NBC Philadelphia broke the news in Philadelphia, United States on Monday, June 30, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.