Crypto market declines as Robinhood Chain sector drops nearly 10%

The broader crypto market experienced a downturn driven by escalating geopolitical tensions, lower-than-expected US Treasury buybacks, and the collapse of the LAPTOP meme coin. The Robinhood Chain sector led the decline, falling 9.47% over 24 hours, with PONS down 16.30% and CASHCAT down 12.05%. On-chain activity on the Robinhood Chain dropped 17.4% compared to the same day last week, and the ecosystem saw a net cross-chain capital outflow of approximately $174 million over the past seven days.