INSUBCONTINENT EXCLUSIVE:
The token for the Ethereum layer-2 blockchain, Arbitrum, gained 17% over the day amid speculation that the network will announce a
partnership with US trading platform Robinhood Markets Inc
on Monday.Robinhood posted to X on Sunday that Ethereum co-founder Vitalik Buterin, Robinhood Crypto general manager Johann Kerbrat, and A.J
follows a May 8 Bloomberg report that Robinhood was developing a blockchain platform to allow European investors to trade US stocks.Arbitrum
and Solana were the blockchains reportedly under consideration for the partnership, but the talks were ongoing and not finalized at the
opinion] Ethereum + Arbitrum + RH only means one thing
high of 38.6 cents eight hours later at 10:30 pm UTC on Sunday.Arbitrum had the biggest 24-hour gain in the crypto market amid rumours of a
partnership with Robinhood
Source: CoinGeckoRelated: Gemini launches tokenized Michael Saylor's Strategy stock for EU investorsThe token is still down nearly 50% so
far this year and has lost 85% of its value since its peak high of $2.39 in January 2024.Robinhood shares up overnightShares in Robinhood
Markets (HOOD) also saw a lift overnight amid the speculation, as traders are seemingly bullish on the expected announcements the platform
will make on Monday.HOOD is up around 1.65% in overnight trading to $84.26 after closing trading on Friday at $83.03, according to 24-hour
