🚨LAST 12 HOURS CRYPTO UPDATE– May 7 2025
#Robinhood Plans #Tokenized Securities Blockchain in Europe
🔹Robinhood is building a blockchain network to let European investors trade US tokenized assets, per Bloomberg.
🔹Partners in talks include Arbitrum and the Solana Foundation.
🔹This follows Robinhood’s Lithuania brokerage license and its 2024 acquisition of Bitstamp.
Ethereum Activates “#Pectra ” Upgrade
🔹The upgrade, live as of May 7, includes EIP-7702, 7251, and 7691.
🔹Smart accounts, higher staking limits (2,048 ETH), and lower L2 fees are the main features.
🔹Aimed at boosting scalability and usability.
#Democrats Target Trump’s Crypto Ventures
🔹MEME Act would bar officials and family from profiting from memecoins and digital assets.
🔹A subcommittee probe is also launched into Trump’s TRUMP token and World Liberty Financial (WLFI).
🔹Bills face an uphill battle as Republicans control both houses.