Robinhood reports lower crypto revenue as the AAA launches a Web3 panel and Ethereum strengthens privacy oversight; today’s BTC trades in a key range amid fear sentiment. The broader cryptocurrency market remains cautious, with the Fear and Greed Index still at 28 in the Fear zone. This suggests that investors are still taking a wait-and-see approach toward the market outlook. Bitcoin and Ethereum continue to trade within key support and resistance ranges. Bitcoin spot ETFs recorded total net inflows of USD 32.1099 million yesterday. BlackRock’s IBIT led the market with USD 89.8281 million in daily net inflows, while Fidelity’s FBTC posted net outflows of USD 43.0832 million. Total net assets held by Bitcoin ETFs reached USD 7.7455 billion. Ethereum spot ETFs showed weaker performance and recorded total net outflows of USD 18.6542 million. This was mainly driven by USD 16.0729 million in net outflows from Fidelity’s FETH. Total net assets held by Ethereum ETFs remained at USD 1.0369 billion. In the derivatives market, Coinglass data shows that a Bitcoin move above $67,094 could trigger up to USD 1.5 billion in cumulative short liquidations across major CEXs. A decline below $60,824 could expose around USD 1.309 billion in long liquidations. For Ethereum, a breakout above $2,004 could trigger USD 810 million in short liquidations. A drop below $1,814 could expose USD 633 million in long liquidations. Macroeconomic and geopolitical developments also continue to affect global financial markets. The U.S. Treasury recently imposed sanctions on an insurance network connected to the Strait of Hormuz that allegedly accepted Bitcoin to evade restrictions on Iran. U.S. military action in response to developments in the Middle East has also weighed on overall risk appetite. Asian and U.S. equity markets have shown mixed performance. South Korean stocks outperformed after strong earnings from major semiconductor companies. The crypto market remains sensitive to capital flows and changes in leveraged derivatives positions, which could increase short-term volatility.

Source: Alternative

Key News Highlights:

Robinhood Posts Record Q2 Revenue as Crypto Transaction Revenue Declines

U.S.-based online brokerage Robinhood released its second-quarter 2026 financial results on Wednesday. The company reported net revenue of USD 1.31 billion, up 32% from a year earlier and above analysts’ expectations of USD 1.28 billion. Net income rose 48% to USD 573 million. Diluted earnings per share also increased 48% to $0.62. Adjusted EBITDA reached USD 741 million. Customer net deposits hit a record USD 21.7 billion, while the number of Gold subscribers increased 39% to 4.8 million. Despite the strong overall results, crypto transaction revenue fell 38% from about USD 160 million a year earlier to USD 100 million. Robinhood continued to expand its digital asset business during the quarter. The company launched the public mainnet of Robinhood Chain and introduced tokenized U.S. stocks to eligible users in more than 120 countries. It also launched its first decentralized lending product, Robinhood Earn. Robinhood completed its acquisition of Canadian crypto platform WonderFi and plans to further expand its crypto services in the United Kingdom. Nearly 100,000 customer accounts have also joined its Agentic Trading feature, with more than USD 100 million in assets under management.

American Arbitration Association Launches Web3 Panel for Blockchain and Digital Asset Disputes

The American Arbitration Association has launched a specialist Web3 arbitration panel for commercial disputes involving blockchain, smart contracts, and digital assets. Members of the panel come from legal practice, technology, academia, litigation, and the digital asset industry. The association said Web3 disputes often involve familiar commercial issues, but they take place in a more technically complex environment. The new panel will handle cases involving smart contract interpretation, blockchain governance, digital asset ownership, cybersecurity, and transaction records. Its scope also includes cross-border enforcement and responsibility within decentralized commercial systems. Disputes involving autonomous transactions have also been included as artificial intelligence agents and automated software increasingly negotiate or execute agreements on behalf of users. Initial members include lawyers who specialize in digital asset and technology disputes, University of Pennsylvania law professor David Hoffman, and Google Cloud Global Head of Web3 Strategy Rich Widmann. The panel does not have regulatory or enforcement authority over the crypto industry. It provides a private dispute resolution mechanism for companies and parties that voluntarily choose arbitration. In most cases, both sides must agree to submit the dispute before the panel can become involved.

Ethereum Foundation Appoints SEAL 911 Co-Founder to Board as Privacy and Security Strategy Expands

The Ethereum Foundation has appointed Pascal Caversaccio to its board for an initial one-year term. Caversaccio is also known in the crypto community as pcaversaccio. He is the co-founder and lead of the crypto security response organization SEAL 911. He will serve as a volunteer board member alongside Foundation President Aya Miyaguchi, Ethereum co-founder Vitalik Buterin, and Swiss legal counsel Patrick Storchenegger. The four members together form the Foundation’s board. Caversaccio has been a long-term contributor to the Ethereum ecosystem and is also a member of the Silviculture Society, an informal advisory group within the Foundation. The group focuses on censorship resistance, open-source development, privacy, and protocol security. Caversaccio wrote The Ethereum Cypherpunk Manifesto in 2024 and published Ethereum Privacy: The Road to Self-Sovereignty in 2025. The Ethereum Foundation board sets the organization’s direction and oversees whether management decisions remain aligned with its values and Swiss foundation requirements. The Foundation has described the board as a security council that protects its mission and core principles. The appointment comes as privacy and security take on a greater role in the Foundation’s strategy. Its protocol team is currently researching layer-1 privacy, post-quantum security, and other technologies designed to protect user self-sovereignty.

Japanese Game Developer Gumi and SBI Financial Services Launch Bitcoin and Altcoin Fund

Japanese game developer Gumi has announced that it will begin operating a JPY 3 billion crypto asset fund on Saturday. The fund is worth approximately USD 18.3 million. It will be managed by SBI Crypto Fund, a joint venture between SBI Financial Services and Gumi subsidiary gC Labs. SBI holds a 51% stake, while gC Labs owns the remaining 49%. The fund also has backing from Daiwa Securities Group and other investors. According to Gumi’s announcement, the fund will primarily invest in Bitcoin and major altcoins. It will use staking, portfolio rebalancing, and hedging strategies for asset allocation and risk management. Gumi said the fund is intended to build a compliant link between Japan’s corporate sector and the cryptocurrency market. The company also plans to establish a practical operating record before Japan potentially lifts restrictions on cryptocurrency exchange-traded funds. The fund builds on Gumi’s continued expansion into digital assets. Its existing activities include managing corporate crypto holdings centered on XRP, portfolio management services through Hinode Technologies, and crypto investment funds. According to the company’s latest annual report, Gumi held JPY 14.13 billion in crypto assets. This was nearly double the JPY 7.58 billion recorded a year earlier.

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