Recently, Chainlink had a bit of a resurgence, jumping from around $13 to almost $16 in the first half of June. But, because we can’t have nice things, it soon took a nosedive and hit a low of $11.2 by June 22. Ouch. 🤕
Such patterns! Traders clutching at them as if they were Dostoevsky’s own manuscripts, hoping for a redemption arc. “Yes, we shall reverse!” they cry. “We shall breach the wall!” But in Petersburg, as in the markets, no prophecy is guaranteed until the deed is done.
Naturally, this has sparked massive capital inflows into digital assets. But is it all noise, or does it carry weight? 🤔
The plaintiffs—shareholders equipped for the subtle art of schadenfreude—allege they were lured between April 2024 and April 2025, the kind of year that in retrospect one wishes had simply passed by under an assumed name. Their dismay reached full operatic pitch at the $5.91 billion in unrealized Bitcoin losses, revealed with all the candor of a magician confessing his rabbit has left town. That day, the stock slipped an immodest 8%—imagine a swan dive without water—while financial page editors reached for their dictionaries under “embedded risk.”
At the EthCC conference, Robinhood CEO Vlad Tenev unveiled plans for “Robinhood Chain,” an Ethereum-compatible layer-2 on Arbitrum Orbit. This blockchain will let users trade tokenized derivatives of stocks directly onchain, moving asset trading outside traditional exchange hours. 🕰️