BitMine Drops $49M on Ethereum as Tom Lee Bets on Robinhood Chain’s L2 Momentum
BitMine purchased 17,242 ETH for $49M as Chairman Tom Lee points to Robinhood Chain's early L2 traction — even as ETH trades at $1,782 amid a Fear & Greed reading of 28.
Marcus Feld is CoinScoop's DeFi and on-chain analyst. He digs into L2 activity, stablecoin flows and protocol revenue, translating raw chain data into plain-English calls.
BitMine purchased 17,242 ETH for $49M as Chairman Tom Lee points to Robinhood Chain's early L2 traction — even as ETH trades at $1,782 amid a Fear & Greed reading of 28.
Lawson will pilot yen-pegged JPYC payments in Tokyo in August while Netstars launches a USDC, USDT, and JPYC merchant service at physical stores across Japan.
Aave Labs launched Stable Vaults on July 9, 2026, converting variable DeFi rates into fixed stablecoin yields fintechs can embed via one integration, backed by $50B TVL.
Summer.fi's post-mortem confirms the July 6 attacker routed $1.35M in stolen DAI through Tornado Cash, signalling a voluntary return is increasingly unlikely.
Bank of Thailand orders source-of-funds checks on cash deposits above 5M baht and joins the SEC in auditing high-volume USDT transactions tied to scam centers.
PayPal's PYUSD stablecoin is now issued natively on Polygon via Paxos, ditching bridged tokens and integrating into Polygon's Open Money Stack for cross-border dollar settlement.
ARB surged ~19% after Offchain Labs confirmed every Arbitrum Orbit L2, including Robinhood Chain, must route 10% of net protocol revenue back to the ARB ecosystem.
XRPL's stablecoin supply hit $889.58M, up 20.56% in 30 days. Ripple's RLUSD dominates at $844.58M, but Valtorum's USDV is the fastest-growing issuer at $39.3M.
Michael Saylor and Adam Back slam BIP-110, the proposed Bitcoin soft fork to ban Ordinals, warning protocol tinkering is Bitcoin's biggest internal risk.
Phantom wallet and the Hyperliquid Policy Center petitioned the CFTC on July 9 to open registered derivatives markets to non-custodial wallets, backed by $1.8B in perp volume.