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Arbitrum (ARB) attempted a major breakout on Friday but was sharply rejected at a key resistance level, causing the price to fall back into consolidation. However, key momentum indicators remain bullish, suggesting the upward trend that has been building for weeks may not be over yet.

Robinhood CEO Vlad Tenev announced that the company is building its own proprietary Ethereum Layer‑2 built on Arbitrum, which is designed specifically for tokenized real-world assets (RWAs). The new “Robinhood Chain” will power the company’s ambitious push into tokenized stocks, ETFs, and even private company shares.