Robinhood Launches Ethereum L2 Testnet For Tokenization

American brokerage Robinhood inaugurated a public testnet for its proprietary blockchain to accelerate the global transition toward tokenized real-world assets. This financial-grade Layer 2 network utilizes Arbitrum technology to anchor its burgeoning onchain ecosystem.

The technical deployment commenced on 10 February 2026 across global developer circles following a sharp 38% decline in the firm’s quarterly crypto revenue. These public trials facilitate rigorous experimentation to optimize network stability before mainnet activation.

Johann Kerbrat championed this specific infrastructure because builders require deep DeFi liquidity and permissionless rails for modernizing traditional securities. By controlling the underlying stack, the company seeks to offer easy self-custody and 24/7 equity trading.

Engineers are integrating Chainlink oracles and LayerZero protocols to empower developers with advanced cross-chain interoperability and verifiable market data. Consequently, the platform will soon support test-only stock tokens to validate real-time settlement for millions.

UK Regulator Launches Enforcement Action Against HTX

The UK Financial Conduct Authority initiated legal proceedings against the crypto exchange HTX this Tuesday for illegal financial promotions. This action targets Justin Sun's platform for failing to comply with local marketing rules that protect consumers from misleading advertisements. British authorities have already blocked the company’s accounts on Facebook, Instagram, and TikTok following repeated ignored warnings.

HTX has reportedly taken initial steps to restrict new registrations for UK-based customers since the High Court proceedings began. However, the regulator remains concerned because existing users can still access prohibited materials through the exchange's main website. This case marks the first time the FCA has utilized High Court enforcement specifically to curb unauthorized offshore crypto marketing.

Uniswap Token Surges After Strategic BlackRock Investment

Uniswap’s governance token jumped over 15% on Wednesday following a landmark integration with BlackRock’s tokenized money market fund. The world’s largest asset manager is enabling its $2.1 billion BUIDL product to trade directly via the UniswapX protocol. This collaboration allows institutional investors to access near-instant liquidity between fund shares and USDC through a whitelisted secondary market.

BlackRock also confirmed a strategic investment within the Uniswap ecosystem, marking its first balance sheet exposure to a DeFi token. Securitize will manage the automated trading process by identifying the most competitive quotes from whitelisted market makers like Wintermute. This integration helps bridge the gap between traditional finance and decentralized infrastructure with high regulatory and security standards.

X Content Winner Accused Of Solana Rug Pulls for $600,000

Blockchain analytics firm Bubblemaps accused the winner of X’s $1 million article competition of profiting from various Solana-based scams. The investigator alleges that a wallet linked to the creator @beaverd generated approximately $600,000 from a token called SIAS. According to the report, the token surged to a $6 million market cap before the team deleted its social presence.

The accused creator responded to the allegations by mocking the investigation and suggesting his other projects were even more successful. Bubblemaps utilized onchain cluster analysis to connect the primary wallet to dozens of other tokens that eventually dropped to zero. This controversy highlights the ongoing risks within the Solana memecoin ecosystem where anonymous actors frequently exploit retail speculative interest.

Data of the Day

Hyperliquid’s permissionless perpetual markets achieved a record $5.2 billion in daily trading volume during a commodity-driven frenzy on February 5. TradeXYZ captured nearly 90% of this specific activity through its contracts for silver, gold, and various global stock indices. Silver derivatives alone generated over $4 billion in 24-hour volume as traders sought alternatives to the volatile cryptocurrency market.

Total open interest on the HIP-3 protocol reached a milestone of $1.06 billion shortly before a sharp correction in metal prices. This surge in activity suggests that decentralized platforms are successfully evolving into comprehensive asset trading layers for traditional financial instruments. Despite recent market pullbacks, the platform continues to see strong engagement with its native USDH stablecoin for onchain settlement.

More Breaking News

• LayerZero plans to launch its Zero blockchain this fall, targeting institutional markets with backing from ARK Invest and Citadel Securities.
• Sam Bankman-Fried requested a new trial, claiming to have discovered fresh evidence while representing himself from federal prison.
• Hong Kong regulators expanded crypto rules to permit margin financing and perpetual contracts, aiming to boost market liquidity for licensed professional investors.
• Aleo launched the privacy-preserving USAD stablecoin on its mainnet through a Paxos partnership, enabling discreet payroll and anonymous business-to-business payments.
• Malaysia’s central bank initiated pilot programs for ringgit stablecoins and tokenized bank deposits to explore real-world blockchain use cases for 2026.
• Goldman Sachs reduced its spot Bitcoin ETF holdings by 40% last quarter, while establishing new positions in recently launched XRP and Solana funds.
• Arkham CEO Miguel Morel denied shutdown reports, clarifying that the exchange is pivoting to a fully decentralized model to improve user custody.

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