Crypto Week in Review: Robinhood Chain Lifts Ethereum, Saylor Faces Investor Doubts

The launch of Robinhood Chain, a new layer-2 network built on Ethereum, has turned even some ETH skeptics bullish. The chain uses ETH as its gas token, with around $141 million already bridged over and more than half a million wallets active on the network. DEX volumes on the new chain topped $877 million in a single day, overtaking both Ethereum’s main chain and rival network Base. Ethereum is also benefiting from a 47% share of the real-world asset market, with analysts noting its total value locked now exceeds ETH’s own market cap.

UK Weighs Permanent Ban on Crypto Political Donations

Labour lawmakers in the UK are pushing to make a temporary ban on crypto donations to political parties permanent, following Nigel Farage’s resignation from Parliament amid a donations investigation. Farage has denied wrongdoing.

US Bitcoin Reserve Plan Stalls Over Agency Dispute

Treasury and Commerce officials are reportedly at odds over which agency should oversee the planned U.S. Strategic Bitcoin Reserve, delaying implementation of the plan first ordered in 2025.

Saylor’s Messaging Draws Scrutiny

Standard Chartered analyst Geoff Kendrick said Strategy’s $216 million Bitcoin sale, along with unclear communication from Michael Saylor, is creating short-term uncertainty for Bitcoin prices. He said clearer messaging around the company’s new strategy could reduce pressure to sell further.

Bitcoin closed the week at $62,762, Ether at $1,800, and XRP at $1.08, with total crypto market cap near $2.2 trillion.