The Arbitrum-based network is positioned as an Ethereum layer, while Coinbase shares gained 9.15% as crypto-linked stocks outperformed a weaker U.S. AI tech sector.
Robinhood launched the Robinhood Chain mainnet overnight local time, introducing an Arbitrum-based blockchain positioned as an Ethereum layer. The move added a fresh product catalyst for crypto-focused equities, with Robinhood shares rising 8.41% and Coinbase shares gaining 9.15%. The stock moves came as crypto-linked names outperformed a weaker U.S. AI tech sector, highlighting how blockchain-related developments can diverge from broader technology trading when investors rotate toward digital-asset exposure.