ARB jumps as Robinhood Chain fee-sharing strengthens long-term outlook

Key takeaways

  • Arbitrum (ARB) rebounded above $0.081 after recovering losses from earlier in the week.
  • Offchain Labs co-founder Steven Goldfeder announced that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 networks will flow back into the Arbitrum ecosystem.
  • The revenue-sharing model is expected to strengthen the DAO treasury, fund development, and enhance ARB’s long-term value.

Arbitrum (ARB) extended its recovery on Thursday, climbing above $0.081 after erasing losses recorded earlier in the week. 

The rally followed a major announcement from Offchain Labs co-founder Steven Goldfeder, who revealed that a portion of transaction fees generated by Robinhood Chain and other Arbitrum Layer 2 (L2) networks will be redirected to the broader Arbitrum ecosystem.

The announcement has boosted investor confidence by highlighting a sustainable revenue model that could strengthen the network’s long-term fundamentals, while improving technical indicators suggest ARB may have room for further gains.

Robinhood Chain revenue-sharing strengthens Arbitrum ecosystem

In a post on X, Offchain Labs co-founder and Arbitrum developer Steven Goldfeder disclosed that 10% of fees collected by Robinhood Chain and every other Arbitrum Layer 2 chain are allocated back to the Arbitrum ecosystem.

According to Goldfeder, 8% of those fees are directed to the tokenholder-controlled Arbitrum DAO treasury, while the remaining 2% is used to support ongoing network development.

He also noted that 100% of fees generated on Arbitrum One continue to flow directly into the Arbitrum treasury, further reinforcing the ecosystem’s long-term funding model.

The fee-sharing mechanism is viewed as a positive development for Arbitrum because it creates an ongoing source of revenue for governance, ecosystem expansion, and developer incentives. As enterprise adoption of Layer 2 networks accelerates, the model could significantly increase the value captured by the Arbitrum ecosystem over time.

Investors responded positively to the announcement, sending ARB more than 7% higher during Thursday’s trading session.

Technical outlook improves, but key resistance remains

ARB has recovered above $0.085, reversing the losses recorded over the previous three sessions. 

However, the token still trades below several important moving averages, suggesting the broader trend has yet to turn decisively bullish.

The 200-day Exponential Moving Average (EMA) remains well above the current price at $0.1409, underscoring the longer-term bearish structure.

Meanwhile, momentum indicators are beginning to stabilize. The Moving Average Convergence Divergence (MACD) is showing signs of improving momentum, while the Relative Strength Index (RSI) is hovering near 50, indicating that selling pressure is easing without confirming a full bullish reversal.

The first major resistance zone sits between $0.0878 and $0.0891, where several technical barriers converge.

This area includes the 50-day EMA at $0.0878, a horizontal resistance level at $0.0883, and the 23.6% Fibonacci retracement level at $0.0891.

A successful breakout above this cluster could shift momentum further in favor of buyers and open the path toward the next resistance levels.

On the downside, the key support remains around $0.0705, which marks both the previous swing low and the primary Fibonacci support level.

ARB/USD 4H Chart

Holding above this area would preserve the recent recovery. However, a daily close below $0.0705 could invalidate the current rebound and expose ARB to another leg lower despite improving momentum indicators.

For now, traders will be watching whether growing ecosystem revenues and stronger investor sentiment can help ARB break above the critical $0.09 resistance zone and build a more sustained recovery.

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ADA bulls eye $0.20 as Cardano founder says Ethereum is adopting its eUTXO concept

  • Cardano (ADA) remains above 10% higher despite a 24-hour pullback.
  • Hoskinson says Ethereum is adopting eUTXO-inspired ideas.
  • Focus is on the $0.20 resistance level.

Cardano is drawing renewed attention after a week of strong gains, even as the token pulled back to around $0.17.

The latest price movement comes alongside fresh debate over blockchain architecture after Cardano founder Charles Hoskinson claimed that Ethereum is beginning to adopt ideas that Cardano has championed for years through its Extended Unspent Transaction Output (eUTXO) model.

At the time of writing, ADA was trading at $0.1674, down 6.6% over the past 24 hours.

Despite the daily decline, the cryptocurrency remained 10.2% higher over the previous seven days and 12.8% higher over the last two weeks, showing that bulls have retained much of the momentum built during the recent rally.

The recent retreat has placed the spotlight on whether the token can defend the $0.17 area before attempting another move toward the next major resistance level at $0.20.

Hoskinson reignites the Cardano-Ethereum debate

The latest discussion began after Ethereum researcher Toni Wahrstätter introduced EIP-8141, also known as Frame Transactions, as part of Ethereum’s broader efforts to improve scalability and reduce long-term state growth.

The proposal explores introducing UTXO-inspired transaction mechanics for simple transfers.

According to the proposal, this approach could reduce Ethereum’s permanent state footprint for payment-related transactions by approximately 99.8%, while remaining compatible with the network’s broader roadmap.

Hoskinson responded by arguing that Cardano has already implemented similar concepts through its eUTXO accounting model.

He suggested that Ethereum is now recognising the benefits of an architecture that Cardano adopted years ago.

The Cardano founder also made headlines with his remark that “it’s literally a crime in the Ethereum inner circles to mention Cardano,” suggesting that Ethereum developers have been reluctant to acknowledge Cardano’s earlier work despite exploring comparable ideas.

ADA price holds key support as traders watch $0.20

From a technical perspective, ADA’s recent pullback has not erased the gains recorded over the past week.

Instead, focus is now on whether the cryptocurrency can continue holding support around $0.144.

The current price sits close to the lower end of the latest 24-hour trading range after the 6.6% daily decline.

However, the weekly performance remains positive, with ADA still posting a double-digit gain over the previous seven days.

The next major level attracting attention is $0.193, and a move above that level would place the focus on $0.23, another resistance area that traders have identified following the recent recovery.

Cardano price chart

Cardano continues preparing for its next network milestone

The latest market discussion also comes as the Cardano network continues infrastructure improvements ahead of its next major protocol upgrade.

Developers recently released Cardano Node 9.0.1, a recommended update for mainnet validators designed to address issues related to the network’s bootstrap process and script execution.

Rather than introducing new user-facing features, the release focuses on improving stability before the ecosystem moves toward its next hard fork.

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Nexo bets big on Argentina with crypto card launch and new country chief

  • Nexo Card launches in Argentina with debit and credit modes for crypto users.
  • Andres Ondarra will lead Nexo Argentina as General Manager from August 1.
  • Buenos Aires is being positioned as Nexo’s regional hub for Latin America.

Nexo has launched its crypto debit-and-credit card in Argentina, marking a deeper push into one of Latin America’s most active digital-asset markets and placing Buenos Aires at the centre of its regional expansion strategy.

The launch comes alongside a leadership change, with Andres Ondarra appointed General Manager of Nexo Argentina.

The company said the two developments mark the next stage of its growth in the country, where digital assets have become a mainstream part of wealth management for many users.

Nexo described Argentina as a market where crypto adoption runs deeper than almost anywhere else, citing the highest share of digital-asset adoption among markets surveyed.

The company also said Argentina processed approximately $93.9 billion in digital-asset transactions over three years, ranking second in Latin America behind Brazil.

Nexo Card brings spending and borrowing utility

The Nexo Card allows clients in Argentina to use digital assets in two ways. In debit mode, users can spend their holdings directly. In credit mode, they can borrow against those assets as collateral without selling them.

The company said clients can switch between both modes through a single interface, giving users more flexibility in how they manage and use their crypto wealth.

New clients are being offered 10% back on their first swipe.

They can also receive additional cashback and milestone rewards worth up to USD 450 in total during their first three months. Nexo said users can earn up to 13% annual interest on idle in-app balances, paid daily.

The card has previously been recognised by the Digital Banker Awards, the FinTech Breakthrough Awards, and the PAY360 Awards.

“Argentine clients have spent a decade making digital assets part of how they manage wealth. The Nexo Card is built precisely for that — letting them spend in debit mode, borrow against their holdings in credit mode, and earn from every transaction, all without having to sell. It’s the freedom to live on that wealth, not just hold it,” said Andres Ondarra, incoming General Manager, Nexo Argentina.

For Nexo, the product launch is aimed at the next phase of crypto usage in Argentina.

With capital already moved into digital assets, the company is focusing on everyday utility: spending, borrowing and earning from holdings without requiring clients to sell them.

Eligible clients in Argentina can apply for the Nexo Card through the Nexo app and website.

Ondarra takes charge as Buenos Aires becomes regional hub

Ondarra will formally lead Nexo Argentina’s operations from August 1.

He brings more than 25 years of experience across traditional finance, fintech and crypto in Latin America, including a background in Wall Street investment banking.

His appointment comes as Nexo positions Buenos Aires as its regional hub for Latin America.

The company said it is investing in local infrastructure, sports partnerships, including the AFA, and a local team to support clients across the region.

Ondarra succeeds Federico Ogue, who led Nexo’s expansion in Argentina and is now moving to a new entrepreneurial venture.

“Argentina has one of the most sophisticated crypto and fintech ecosystems in the region, and the work Nexo has done here is something to be proud of. I look forward to passing the baton to Andres, who brings exactly the experience and vision to lead Nexo’s next stage of growth in Argentina,” said Ogue.

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Zcash price forecast: ZEC surges 4%, targets new weekly high

Key takeaways

  • Zcash (ZEC) climbed more than 4% after developers announced progress toward proving its new privacy system is free from undetectable counterfeiting vulnerabilities.
  • Project Tachyon is close to completing a mathematical verification of Zcash’s upcoming Ironwood shielded pool.

Zcash’s native token ZEC surged more than 4% on Wednesday after developers announced they are close to mathematically proving that the network’s next-generation privacy system is free from a critical class of counterfeiting vulnerabilities.

The announcement restored investor confidence following last month’s disclosure of a security flaw in Zcash’s existing shielded transaction system, helping the privacy-focused cryptocurrency reclaim the $500 level for the first time since early June.

Project Tachyon nears verification of Ironwood Shielded Pool

The latest update comes from Project Tachyon, the team leading the formal verification of Zcash’s upcoming Ironwood shielded pool, which is set to replace the current Orchard privacy pool.

According to the developers, they are close to producing a mathematical proof confirming that Ironwood does not contain undetectable counterfeiting bugs.

Zcash founder Zooko Wilcox said the project is “on the verge” of completing a formal proof demonstrating that the latest generation of Zcash shielded pools is secure against this class of vulnerability.

If successful, the verification would provide stronger security guarantees for one of the network’s core privacy features.

Investor confidence was shaken last month after developers disclosed a critical vulnerability affecting Zcash’s Orchard shielded pool.

The flaw could have theoretically allowed an attacker to create counterfeit ZEC within the privacy pool without detection.

Although developers quickly patched the issue and said they found no evidence that the vulnerability had ever been exploited, Zcash’s privacy architecture made it impossible to cryptographically prove that no counterfeit coins had been created.

The disclosure triggered a sharp market reaction, sending ZEC down more than 40% in just two days.

Will ZEC reclaim $550?

The ZEC/USD 4-hour chart remains bullish and efficient following the recent rally. The momentum indicators suggest that the bulls could push ZEC’s price higher.

The RSI of 57 shows that ZEC is above the neutral zone, while the MACD lines reinforce the bullish bias.

If the bulls remain in control, ZEC could rally past the Tuesday high of $510 and set a new weekly high around $550. 

ZEC/USD 4H Chart

A decisive candle close above this level could allow ZEC to reclaim the $600 psychological zone in the near term. 

However, if the bears come into the picture, ZEC could retest the 4-hour TLQ at $438 over the next few hours.

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HYPE drops below $70 as retail demand weakens despite ETF inflows

Key takeaways

  • Hyperliquid (HYPE) has fallen below $70, extending its losing streak as broader crypto market sentiment turns risk-off.
  • Retail participation is weakening, with futures open interest declining and long liquidations dominating the derivatives market.

Hyperliquid (HYPE) continued to trade lower on Wednesday, slipping below the $70 level as cautious sentiment across the cryptocurrency market dampened retail participation.

The token has recorded three consecutive days of losses, reflecting growing uncertainty among short-term traders. Despite the pullback, institutional investors continue to show confidence, highlighting a divergence between retail and professional market participants.

Retail traders reduce exposure

Recent derivatives data points to weakening retail demand for HYPE. According to CoinGlass, Hyperliquid futures open interest (OI) declined by more than 2% over the past 24 hours to $2.80 billion, indicating that traders are either reducing leverage or closing positions altogether.

During the same period, the market recorded $7.09 million in liquidations, with approximately $6.29 million coming from long positions. 

The dominance of long liquidations suggests that bullish traders have been forced to exit as prices moved lower, reinforcing short-term selling pressure.

Despite the decline in positioning, the funding rate remains positive at 0.0078%, indicating that some traders continue to maintain bullish expectations and are willing to pay a premium to hold long positions.

While retail sentiment has weakened, institutional interest continues to provide support.

Data from CoinGlass shows that HYPE exchange-traded funds (ETFs) attracted $4.32 million in net inflows on Tuesday, following $8.43 million in inflows recorded on Monday.

The continued inflows suggest that larger investors remain optimistic about Hyperliquid’s longer-term outlook despite ongoing short-term market volatility.

This divergence between institutional accumulation and cautious retail positioning could become an important factor in determining the token’s next major move.

Hyperliquid price outlook: Support near $64.75 comes into focus

At the time of writing, HYPE is trading around $68, maintaining its broader bullish structure despite recent weakness.

The token remains comfortably above its 50-day Exponential Moving Average (EMA) at $62.36, which continues to trend above the 200-day EMA at $48.40—a positive sign for the longer-term trend.

However, the recent rejection from a local resistance trendline near $72.75 has increased the likelihood of a deeper short-term correction.

From a technical standpoint, HYPE could continue sliding toward a rising support trendline around $64.75, an area reinforced by the nearby 50-day EMA.

Momentum indicators continue to lean cautiously bullish but show signs of slowing. The Moving Average Convergence Divergence (MACD) remains slightly above its signal line, indicating that positive momentum has not disappeared completely.

Meanwhile, the Relative Strength Index (RSI) sits around 54, reflecting moderate buying strength while gradually moving back toward neutral territory.

Unless buying activity strengthens, the current pullback could continue before the broader uptrend resumes.

The first major support lies near the ascending trendline around $64.75, followed by the 50-day EMA at $62.36. A decisive break below these levels could expose HYPE to a deeper correction, potentially bringing the $60 level into focus.

HYPE/USD 4H Chart

On the upside, bulls must reclaim the $72.73 resistance zone, which aligns with the recent descending trendline. A successful breakout above this level could restore upward momentum and pave the way toward the R1 Pivot Point at $77.09, followed by the R2 Pivot Point at $89.14.

For now, the short-term outlook remains cautious, with weakening retail demand offset by continued institutional accumulation.

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