Today $ARB surged significantly, what is the reason?

Since the stablecoin bill began, the crypto world and the US stock market have become increasingly intertwined. Due to the natural presence of earnings reports and fundamentals in US publicly traded companies, the narrative is often more compelling than that of crypto projects. Recently, the performance of US stocks has generally outperformed the crypto market, to the extent that the crypto market has been somewhat drained by the US stock market. However, this time Robinhood is different; its actions seem more like a way to give back and support the crypto world. Two insiders from Robinhood revealed to Bloomberg that they are developing a blockchain-based platform that allows retail investors in Europe to trade US stocks.

Robinhood directly integrates Arbitrum L2 into this new platform that allows European users to trade US stocks, serving as the foundational layer for its blockchain trading; Robinhood even plans to leverage Arbitrum's Arbitrum Chains feature to develop its own dedicated L2 chain based on Arbitrum's technology stack (Rollup protocol, EVM compatibility, etc.). This is also a direct factor contributing to today’s significant surge of $ARB .

Moreover, today’s price rises of L2 represented by arb and Ethereum have rekindled hopes for an altcoin season, but I believe that the rise of arb can at most be considered a preliminary test. The conditions for an immediate emergence of an altcoin season may not yet be fully mature.

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