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Arbitrum Jumps 25% on Robinhood Chain Fees as Bitcoin Holds $78,000
ARB led the 108 largest non-stablecoin tokens after chain fees on Robinhood's network doubled in a day, taking the Arbitrum DAO's contractual 10% cut to roughly $192,000 a day. Bitcoin fell 0.7% while Japanese and U.S. government bond yields rose and gold dropped 1.9%.
Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000
Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon. Bitcoin is down 0.7% on the day and 24.5% higher since the start of August, while 88 of the 125 largest non-stablecoin tokens fell.
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Arbitrum Jumps 25% on Robinhood Chain Fees as Bitcoin Holds $78,000
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