South Koreas KOSPI plunged 12% in its largest one day drop on record as margin 
calls and tensions triggered a $625B market selloff.
The post Korean stock market plunges 12% in historic one-day crash appeared 
first on Crypto Briefing.

Korean stock market plunges 12% in historic one-day crash

As demand for digital assets continues to accelerate, scaling solutions have 
become one of the most important challenges facing Ethereum. In a recent 
discussion, Robinhood’s Head of Crypto outlined the company’s ambitious 
strategy to tackle this problem by building its own ETH Layer-2 network to 
serve mainstream users. Rather than merely participating in the broader 
ecosystem, Robinhood aims to solve core usability barriers that have hindered 
mass adoption. Why Ethereum Needs To Scale For Mass Adoption Robinhood’s head 
of crypto explains why they&#8217;re building an Ethereum layer-2. According to a 
video that was reported on X by Etherealize, Robinhood stated that many 
companies are launching their own layer-1 blockchain to gain full control over 
their ecosystems. Meanwhile, Robinhood is excited about the idea of building a 
stack, but creating the security of a real, proper, decentralized chain is 
extremely difficult, and only ETH can offer that for free. Related Reading: 
Ethereum Boost: Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open 
Tech In contrast, many newer layer-1 chains may appear as decentralized 
alternatives, but they often lack meaningful validator distribution or long- 
term security guarantees. Without deep decentralization, some of these chains 
risk becoming little more than a fancy database, slower than the actual 
database, and there&#8217;s no meaningful value in that. Robinhood explains that ETH 
can offer security by default, and the second major factor that the company 
considered in choosing to build a layer-2 on top of ETH was liquidity, which 
is on every EVM-compatible chain, and was also an important decision factor 
for the company. However, if the long-term goal is to bring traditional assets 
such as stocks on-chain, it will require liquidity, and this won&#8217;t be possible 
if it&#8217;s in a closed loop or closed chain that no individual can assess. For 
the company, these two elements were the main focus, which is why they decided 
to build on ETH. ETH’s Role In The Sanctuary-Tech Movement Ethereum Daily 
revealed on X that Vitalik Buterin emphasized that ETH should not be reduced 
to a speculative finance tool or technology fad. Instead, it should be part of 
a foundational layer within a broader sanctuary-technology infrastructure 
ecosystem designed to provide an open-source, censorship-resistant way for 
individuals to store value, coordinate, and communicate safely without relying 
on centralized gatekeepers. Related Reading: Ethereum Price Support Intact, 
but Market Signals Waning Bullish Momentum The idea goes beyond simple 
transactions. This includes building persistent digital spaces, programmable 
money, multigeniture wallets for collective asset security, and government 
contracts that allow communities to make decisions transparently and 
autonomously. When these components are integrated across all layers from user 
wallets to hardware, they form resilient digital islands capable of operating 
independently of any single authority. By limiting concentrated control and 
distributing power through code, ETH can help create systems that enable users 
to retain custody, privacy, and security in a chaotic geopolitical 
environment. Featured image from Peakpx, chart from Tradingview.com

Scaling Ethereum For Mainstream: Robinhood’s Head Of Crypto Lays Out The Vision

A sharp volatility spike has triggered $521m in crypto liquidations over 24 
hours. A fresh volatility burst across digital assets has erased roughly $521m 
in crypto futures positions over the past 24 hours, according to derivatives 
data aggregators that track…

Crypto market hit by $521m in 24-hour liquidations

Bitcoin defied broader market volatility by surging to a high of $73,792, 
rekindling the debate about its “digital gold” status. The cryptocurrency has 
climbed 10% since Monday, pushing its market cap to $1.46 trillion. A Shift in 
Correlation Bitcoin maintained a strong upward trajectory on Wednesday, 
breaching the $73,000 mark for the first time since […]

Capitulation Over? Analysts See ‘Extreme Resilience’ in Bitcoin’s Rise to $73K

Warsh&#8217;s potential Fed leadership could shift US monetary policy towards 
embracing blockchain innovation and regulated crypto integration.
The post White House submits nomination of Kevin Warsh for Fed chair to Senate 
appeared first on Crypto Briefing.

Cryptocurrency price in BRL