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ETH L2 News: Robinhood Chain Goes Live as Top Critics Flip Bullish

The weekly round-up also tracks a $1M approval-phishing loss, Michael Saylor's shifting narrative, and the crypto entanglements of Farage and Trump.

Cointelegraph's Hodler's Digest flags the week's five biggest stories. Robinhood Chain is live, and even Ethereum's loudest critics now concede the L2 rollout is bullish for ETH.

Michael Saylor muddied the waters with another strategic pivot, while a single trader lost roughly $1 million to a phishing token approval. Nigel Farage and Donald Trump were both pulled deeper into crypto scandals in separate UK and US developments.

Why it matters

The Robinhood Chain debut is the headline structural shift, a new institutional-scale L2 entering a market already crowded with Base, Arbitrum, and Optimism. The softening of prominent ETH skeptics signals how far the narrative has moved: even the bears now see the L2 roadmap as a tailwind rather than a headwind for ETH demand.

Market impact

The $1 million approval-phishing loss is a reminder that on-chain wallet hygiene remains the weakest link for retail and pros alike. Politically, the Farage and Trump stories keep crypto policy in the headlines of two of the most-watched political cycles in the West, which historically feeds volatility around regulatory headlines.

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Frequently asked questions

  1. What is Robinhood Chain?

    Robinhood Chain is a new Layer-2 network launched by Robinhood, designed to scale Ethereum and bring the brokerage's user base on-chain. Its debut is this week's headline structural story in Hodler's Digest.

  2. Why are Ethereum's critics now calling ETH bullish?

    Even long-time ETH skeptics concede that the rollout of major Layer-2 networks like Robinhood Chain is a structural tailwind for Ethereum demand, shifting the narrative among bears.

  3. How did a trader lose $1 million to a phishing token approval?

    A single trader lost roughly $1 million after signing a malicious token approval, the kind of on-chain wallet-hygiene failure that lets attackers drain funds without further interaction.

  4. What did Michael Saylor do this week?

    Michael Saylor muddied the waters with another strategic pivot, keeping Strategy's treasury playbook and Bitcoin accumulation narrative in the spotlight.

  5. Which political figures were caught up in crypto scandals?

    Nigel Farage in the UK and Donald Trump in the US were both pulled deeper into crypto-related scandals, keeping digital-asset policy in two of the most-watched Western political cycles.

Source attribution
Aggregated from CoinTelegraph · Verified · Last refreshed 2h ago
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