ROLLUP: Trump vs. The Fed | Staked ETH ETF | The First Stage 2 Rollup | Robinhood's Crypto Pivot
Trump is once again at odds with the Fed, this time over interest rate cuts. With recent CPI figures running hotter than expected, Fed Chair Jerome Powell has stressed that the central bank won’t be pivoting anytime soon. Meanwhile, Trump took to Truth Social to vent his frustration, urging the Fed to drop rates. The markets showed their displeasure as well: the S&P 500 dipped, Treasury yields spiked, and Bitcoin briefly fell below the $95k mark.
On a brighter note, crypto activity continues to heat up elsewhere. Robinhood just posted its first billion-dollar revenue quarter, driven in part by an impressive surge in crypto revenue, while new ETF filings—from Trump Media’s Truth.Fi Bitcoin Plus ETF to multiple Solana ETF applications—hint at the growing appetite for digital assets. The airdrop meta came under scrutiny as token distributions from various projects saw price downturns soon after launch, though MegaETH aims to reinvent the model with soulbound NFTs. OpenSea, meanwhile, teased an upcoming $SEA token airdrop, and Arbitrum made strides toward greater decentralization by rolling out BoLD. Wrapping it all up was Tarun Chitra’s market analysis, discussions on whether Vitalik Buterin is “communist” (or just joking), and a memecoin saga from Dave Portnoy. Tune in for the full breakdown, plus where to find Tarun Chitra and his insights on all things crypto.