From Cointelegraph

June 29, 2025 11:01 PM:

The token for the Ethereum layer-2 blockchain, Arbitrum, surged 17% on rumors of a partnership with Robinhood. Vitalik Buterin, Johann Kerbrat, and A.J. Warner will discuss at a Robinhood Europe event in Cannes. Speculation follows a Bloomberg report in May about Robinhood considering blockchain platforms like Arbitrum and Solana.

Arbitrum’s token, ARB, rose 17.1% to over 36 cents, making it the top gainer in the crypto market. The price surged after rumors of a partnership with Robinhood. ARB is still down nearly 50% this year and 85% from its peak in January 2024.

Robinhood Markets (HOOD) shares rose 1.65% overnight on speculation surrounding potential announcements on Monday. Traders are optimistic about what Robinhood will reveal. HOOD closed at $83.03 on Friday and is now trading at $84.26. Traders eagerly await the upcoming news from the trading platform.

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