Robinhood launches Layer 2 mainnet Robinhood Chain, supporting tokenized stock trading

According to a post on X platform by BitcoinTreasues.NET, Adam Back stated that Bitcoin Standard Treasury BSTR is seeking conservative returns for Bitcoin through capital market strategies, and stated that Bitcoin Standard Treasury BSTR will adopt a different approach from other treasury companies.

BitMine, Sharpnink, and Joe Lubin have formed a non-profit organization aimed at accelerating the adoption of Ethereum on Wall Street. （Decrypt）

Bitcoin News reported that BlackRock IBIT's BTC holdings have decreased by nearly 100000 in less than two months, from a peak of 822736 on May 6th to the current 734261.

Brian Armstrong said that the U.S. Constitution lacks a ceiling on government spending growth and a monetary requirement for hard assets to support it, resulting in a US debt scale of $39 trillion and an increase of $1 trillion every 100 days. The existing mechanism cannot stop the trend of interest spending exceeding the defense budget. Politicians are elected by promising welfare benefits, but incentive structures fail. Solutions include drafting new constitutions on Mars, special economic zones, or cyberspace, adjusting incentive mechanisms through amendments, or using AI, robotics, and cryptocurrency to achieve ultra-high economic growth.

Robinhood launches the Layer 2 blockchain Robinhood Chain public mainnet, enabling tokenized stock trading to be launched in over 120 countries, and launches the decentralized lending product Robinhood Earn, which offers a yield of approximately 7% based on USDG.