Track market-moving stories before they get noisy

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Bitcoin traded around $64,000 on Friday, with analysts pointing to significant liquidity above current levels that could fuel further upside if bulls maintain momentum.

Notable Statistics:

Coinglass data shows 55,329 traders were liquidated in the past 24 hours for $211.92 million.        SoSoValue data shows net outflows of $95.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $52.08 million. In the past 24 hours, top gainers include Audiera, DeXe, and MemeCore. Notable Developments:

Trader Notes:

Trader exitpump noted a sizable number of Bitcoin limit short orders were filled as aggressive buyers pushed prices higher.

The analyst warns that if BTC fails to break above $64,500, late long positions could unwind, triggering a pullback as traders exit overcrowded bullish bets.

Trader KillaXBT said Bitcoin has declined roughly 2.5% on nine consecutive Mondays, making next Monday a key session to watch. If BTC continues consolidating near the $64,000 region, it could push toward $65,000–$66,000 before another pullback.

An earlier breakdown could turn Monday’s peak into a lower high, signaling weakening momentum.

CryptoReviewing explained Bitcoin’s sharp swings over the past three days triggered nearly $960 million in crypto liquidations.

BTC first plunged from $64,100 to $61,500, wiping out $628 million in leveraged positions, before rebounding to $63,300 and then rallying above $64,500, liquidating another $332 million combined. The analyst says $64,500–$67,000 holds the next upside liquidity target.

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A closer look at the recent performance of XRP, SHIB, and ETH, along with some price predictions.

Ripple’s XRP has seen a minor resurgence over the past week, mirroring the broader crypto market’s revival. Some analysts believe the token is poised for a major pump, while others remain cautious, warning of a short-term pullback.

Shiba Inu (SHIB) has also stepped into the spotlight thanks to its burning mechanism, whereas Ethereum (ETH) is pushing to break above $1,800 and might be gearing up for a move toward $2,000.

Up or Down for XRP? Ripple’s cross-border token currently trades at around $1.11 (according to CoinGecko), marking only a marginal weekly gain despite several major developments surrounding the company in recent days.

Many commentators on X think a much more substantial upswing could be on the way. Mikybull Crypto described the ongoing price levels as “lifetime opportunity entry” and set a target of over $5.

Crypto Coral noted that XRP is compressing within a triangle pattern, with the valuation reacting sharply from a major support zone. “Structures this large often lead to significant moves once resistance gives way,” the analyst added.

Ali Martinez also gave his two cents. He spotted a potential bearish flag on XRP’s price chart, which could lead to a renewed correction toward $1.04 in the near future.

What’s New With SHIB? The second-largest meme coin continues to struggle in the bear market, suppressed by the broader crypto sector’s decline and waning interest in the meme coin niche.

You may also like: XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow?  Shiba Inu’s ecosystem has also barely shown signs of life lately, as Shibarium’s activity has plummeted, investor enthusiasm has faded, and the team behind the project hasn’t unveiled any meaningful updates.

Among the few rays of hope is the recent resurgence of the burning program. As CryptoPotato reported, the SHIB team and community destroyed nearly 110 million coins on July 8, marking the largest burn in the last six months. Still, the USD value of the amount sent to a null address is negligible and insufficient to trigger a rally in the meme coin.

ETH’s Potential The cryptocurrency took a huge blow last month, with its price slipping to around $1,500. Since then, the bulls have stepped in, and now ETH is trading just south of $1,800.

Not long ago, X user Ted claimed that a decisive breakout above $1,750 could open the door for a jump to $2,000, while Poseidon envisioned an ascent to $2,500 before September.

The growing institutional interest supports the bullish outlook. The spot ETH ETFs recently experienced five consecutive green days for the first time since April, indicating that major investors such as pension funds and hedge funds have increased their exposure to the asset. However, over the past 24 hours, outflows exceeded inflows, thus breaking the positive streak.

Spot ETH ETFs, Source: SoSoValue Tags:

VanEck Ethereum ETF Update Adds More Fee Pressure To The Fund Launch Race

BlackRock has transferred 8,700 ETH—valued at approximately $15.81 million—to Coinbase Prime in the latest significant move tracked on the blockchain. According to data from Onchain Lens, the transfer originated from wallets linked to BlackRock’s Ethereum ETF, known by its ticker ETHA, coinciding with escalating outflows from the fund.

Transfer coincided with mounting ETF redemptionsOn the same day, BlackRock’s spot Ethereum ETF, ETHA, saw a net outflow of 7,240 ETH, representing around $12.67 million. This continued a trend of weak capital inflows into Ethereum ETFs, underlining continued pressure on the investment products amid challenging investor sentiment.

BlackRock, one of the world’s largest asset managers, remains under close observation in the cryptocurrency ETF sector. Coinbase Prime, on the other hand, serves as a leading platform offering custody, trading, and execution services tailored to institutional clients navigating the digital asset space.

According to Onchain Lens, 8,700 ETH was moved from BlackRock’s ETHA-linked wallets to Coinbase Prime during the exact period when substantial outflows hit ETHA.

Outflows deepen in Ethereum ETFsData for July 9 shows total daily outflows from spot Ethereum ETFs reaching $52.08 million. The largest single-fund withdrawal was recorded in Fidelity’s FETH. These figures highlight persistently weak short-term investor demand across the sector.

ETF flows have become a key barometer of overall market sentiment in recent quarters. June stood out as a period of heightened redemptions, with Ethereum ETFs seeing $690 million in net outflows—extending the negative streak that began in the first quarter of the year.

ItemAmountBlackRock transfer8,700 ETHTransfer value$15.81 millionETHA daily outflow7,240 ETHETHA daily outflow value$12.67 millionTotal daily Ethereum ETF outflow$52.08 millionNet figure after June$690 million net outflowMarket looks to Q3 signalsFollowing a lackluster first half of the year, investors have begun watching for signals that could shape the remainder of 2026. Historical data suggest that the third quarter has sometimes marked the beginning of recovery phases for Ethereum.

Analytics from CoinGlass reveal that since 2016, Ethereum has averaged an 8.08% return in third quarters, finishing seven out of the last eleven Q3 periods in positive territory. Notably, Q3 of 2025 saw a robust 66.55% surge.

Despite prior years hinting at stronger Q3 trends, investors are cautious, noting that a lack of new catalysts means past performance alone might not be enough to spark a sustainable recovery.

It is repeatedly emphasized that historical results are no guarantee of future outcomes. Over the past 24 hours, Ethereum posted a 2.6% gain, outperforming Bitcoin and climbing to $1,790. This price action fuels ongoing debate about whether ETH can break above its pattern of descending highs and lows.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin's circulating supply through token burns.

At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days.

$115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted.

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The last 30 days saw significant RLUSD redemptions on the Ethereum blockchain; a total of $369.4 million was burned while $167.6 million was minted.

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On the XRP Ledger, a total of $324.1 million was minted in the last 30 days and $217.6 million was burned. The total circulating supply of the RLUSD stablecoin is currently $1.556 billion.

RLUSD expands footprint on XRP LedgerWith RLUSD supply on Ethereum shrinking to $692 million, XRP Ledger remains ahead, hosting more RLUSD than Ethereum network. RLUSD's footprint on XRP has increased significantly, overtaking Ethereum supply for the first time in June.

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RLUSD in circulation on the XRP Ledger grew from roughly $20 million at the end of 2024 to about $800 million by late June 2026, which is a 40-fold rise, with the largest increase occurring in May and June 2026.

Ripple USD is currently one of the most-traded issued assets on XRP. Its share of all on-chain trading climbed from under 1% to about 12% in 2026, and the RLUSD/XRP pair alone has cleared roughly $900 million over the last six months.

This week, Ripple received authorization of its Crypto Asset Service Provider (CASP) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). The authorization confirms Ripple as fully MiCA-compliant, with its solutions underpinned by XRP and RLUSD made available to financial institutions, corporates and businesses across all 30 countries of the European Economic Area.

Table of contents

Spot Bitcoin ETFs hemorrhaged $95.3 million on July 9, marking one of the sharper single-day outflow events in recent weeks. Ethereum ETFs were not spared either. They snapped a five-day streak of net inflows with $52.08 million in redemptions, according to data from WuBlockchain.

The numbers caught market participants off guard. Bitcoin ETFs had been absorbing capital in uneven pulses, but a near $100 million exit in a single session resets the conversation about institutional conviction. Ethereum products, meanwhile, had quietly built momentum over five consecutive sessions before the spigot reversed.

Where the Money Went July 9’s outflows did not arrive with a single catalyst. Traders pointed to a cocktail of macro caution and profit-taking after Bitcoin failed to reclaim a key technical level earlier in the week. The ETF complex often acts as a sentiment gauge, and days where spot prices stall or slip tend to correlate with redemptions. This time, the scale of the Bitcoin ETF drawdown suggests more than just routine rebalancing.

On-chain fundamentals paint a different picture. Developer activity across major blockchains remains robust, as a recent ranking of blockchains by developer activity shows. While ETF products track price, the underlying networks continue to ship code. That divergence rarely resolves quickly, but it reinforces the view that ETF flows are a narrow slice of crypto’s health.

Ethereum’s Streak Breaks Ethereum ETFs had strung together five days of net inflows before July 9, a welcome change after a tepid post-launch period for many of these vehicles. The $52 million outflow halts that progress. Whether the streak was driven by genuine conviction or tactical positioning remains an open question. Short-term traders may have used the products to play momentum, and once Ethereum’s price stalled near a local resistance, the exit door swung open.

The break in the streak also arrives amid a tense regulatory moment. Banking interests are mobilizing to water down or kill one of the most consequential crypto bills in U.S. history, and that kind of Washington uncertainty often feeds into ETF hesitancy. Institutions do not like binary outcomes, and a high-stakes Senate vote looming on the calendar can turn flow positive to flow negative fast.

What the Outflows Signal One day of heavy outflows does not a trend make, but it does reset the near-term liquidity picture. Market makers and authorized participants watch these numbers closely. A string of redemptions forces them to shed underlying Bitcoin and Ether, potentially adding selling pressure to spot markets. The July 9 figures were not catastrophic, but they were large enough to shift the narrative from steady accumulation to guarded distribution.

Broader institutional behavior complicates the story. While spot ETFs were shedding assets, the tokenization sector continues to attract capital. A weekly tokenization roundup showed real-world assets crossing $20 billion on-chain and major financial firms settling trades on blockchain rails. That suggests institutional money is not leaving crypto, it is simply choosing different wrappers. The ETF product is no longer the only game in town for regulated exposure.

What comes next depends on whether the outflows were a one-off reaction to stalled price action or the start of a broader risk-off posture. The next few sessions will matter. If Bitcoin and Ethereum ETFs fail to reclaim inflows quickly, July could turn into a month where cautious positioning overrides the buy-the-dip mentality that has propped up these products for much of the year.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

Data from the Ripple Stablecoin Tracker shows that the supply of Ripple USD (RLUSD) on the Ethereum network has dropped to approximately $692 million. While Ripple continues to control the circulating supply of RLUSD through token burns, there has been a sharp decline in RLUSD’s share on Ethereum in recent weeks.

Continued contraction on EthereumAt the beginning of July, RLUSD supply on Ethereum was above $727 million. Current figures indicate a notable decrease from that level. Over the past seven days, $115.4 million in RLUSD was burned on the Ethereum blockchain, while $49.3 million in new tokens were issued during the same period.

On July 29 alone, the Ethereum network recorded a RLUSD burn of $25.9 million, paired with a new issuance of $6.2 million. Over the past 30 days, a total of $369.4 million in RLUSD was burned and $167.6 million was minted on Ethereum. This pattern shows that redemptions have outpaced new issuance on the Ethereum side.

In the past 30 days, $369.4 million in RLUSD was burned and $167.6 million was newly issued on the Ethereum network.

A summary of the periods reveals the ongoing contraction on Ethereum. In the past seven days, $115.4 million RLUSD was burned with $49.3 million issued. On July 29, RLUSD burns reached $25.9 million, while $6.2 million was minted. Across the most recent 30-day window, total RLUSD burned surpassed total issuance by more than $200 million, signaling a shrinking presence on Ethereum.

Currently, the total circulating supply of RLUSD stands at around $1.56 billion. On the XRP Ledger, the past 30 days saw $324.1 million in RLUSD minted and $217.6 million burned. This allowed the XRP Ledger to consistently maintain a higher RLUSD supply compared to the Ethereum network.

RLUSD’s presence on the XRP Ledger surpassed Ethereum for the first time in June. While RLUSD’s circulating amount was close to $20 million at the end of 2024, by late June 2026 it surged to nearly $800 million. The most significant growth period was recorded in May and June 2026.

Ripple, the US-based technology company known for developing payment infrastructure and digital asset solutions, issues RLUSD as its US dollar-backed stablecoin, which operates on both Ethereum and XRP Ledger.

Soaring transaction volumes and European milestoneRLUSD has rapidly become one of the most actively traded tokenized assets on the XRP Ledger. Its share of overall on-chain transaction volume climbed from under 1% in 2026 to almost 12%. Specifically, the RLUSD/XRP trading pair saw approximately $900 million in transactions over the last six months.

The RLUSD/XRP pair reached nearly $900 million in trading volume over the past six months.

This week, Ripple received authorization as a crypto asset service provider from Luxembourg’s financial regulator, the CSSF. The CSSF is the official entity overseeing Luxembourg’s financial industry. With this approval, Ripple has demonstrated compliance with MiCA (Markets in Crypto-Assets Regulation) and can now offer XRP and RLUSD-powered solutions to financial institutions and corporations across all 30 countries of the European Economic Area.

Glossary: MiCA is the EU’s legislative package for regulating crypto asset markets. CASP refers to the license required to operate as a crypto asset service provider under this framework.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The Ethereum Foundation‘s Protocol Security team has shared insights from experiments using coordinated AI agents to scan critical components of the Ethereum ecosystem. These efforts demonstrate that AI tools can successfully identify genuine vulnerabilities in protocol-level code, including systems software, cryptographic implementations, and smart contracts essential to network operations.

In one notable case, the agents uncovered a remotely triggerable panic in libp2p’s gossipsub implementation—a fundamental element of the peer-to-peer networking layer supporting Ethereum consensus clients.

This issue has since been publicly disclosed and resolved as CVE-2026-34219, with appropriate credit given to the discovering team.

However, the Ethereum Foundation stresses that the discovery of bugs represents only a small portion of the overall process.

The true challenge lies in triage: distinguishing legitimate vulnerabilities from the numerous false positives that AI systems generate.

Agents often produce reports that appear convincing at first glance, complete with detailed write-ups, proposed severity levels, and even proof-of-concept code.

Yet many of these turn out to be non-issues upon closer inspection, such as crashes limited to debug builds, scenarios unreachable by actual attackers, or proofs that fail to address the intended properties.

To manage this effectively, the team employs a structured, multi-agent workflow inspired by approaches from organizations like Anthropic and Cloudflare.

Agents operate in parallel with specialized roles—reconnaissance to identify testable hypotheses, hunting to develop reproducers, gap-filling to track coverage and avoid redundancy, and independent validation to assess candidates.

Findings must meet strict criteria: a clearly defined target and invariant, a specific breaking mechanism, observable proof of failure, and a self-contained reproducer that works reliably against production code.

This methodology treats agents as powerful search tools akin to advanced fuzzers, rather than infallible oracles.

Every promising candidate undergoes rigorous human-reviewed checks for reachability, attacker cost versus impact, and duplication against known issues.

Acceptance rates vary depending on the maturity and prior auditing of the target codebase, providing valuable signals about code robustness even when few issues are confirmed.

The Foundation notes that AI excels at combining specifications with code analysis, drafting initial reproducers, and suggesting root causes. However, it can falter on complex, multi-step sequences of valid operations or overestimate severity.

Human judgment remains essential for final decisions on validity, duplicates, and disclosure.

Ultimately, AI has shifted rather than eliminated the security research bottleneck.

What was once hypothesis generation and manual exploration now centers on scalable evaluation, reproducible testing, and careful validation at volume.

This evolution allows broader coverage than traditional methods alone while reinforcing the irreplaceable role of expert oversight.

As tools advance rapidly, maintaining disciplined practices around provenance, determinism, and minimal scripting will be key to trustworthy outcomes. The Ethereum Foundation views this as a worthwhile trade-off, enabling deeper protocol scrutiny as long as triage and human accountability stay at the forefront.

XRP price climbed 1.27% to $1.10 as the wider cryptocurrency market recorded renewed gains during active Friday trading. Bitcoin price rose 1.48% to $64,002, while Ethereum advanced 3.03% to $1,790. 

The overall crypto market rose by 1.54% to reach 2.19 trillion. The focus now shifts to the CLARITY Act in July.

CLARITY Act Moves Closer to Senate Action H.R. 3633 was passed by the House on July 17, 2025 and received 294 votes in support. Another 134 representatives opposed the measure.

The bill intends to have a national framework on the trading, supervision, and protection of digital assets. It also divides regulatory duties between the SEC and CFTC.

The Senate Banking Committee advanced the proposal on May 14, 2026, through a 15-9 vote. That vote brought the bill further towards Senate action.

In the case of XRP, increased regulation might lessen ambiguity regarding the classification of tokens and trading. An increased legal certainty can lead to institutional participation also.

July Timeline Could Drive XRP Price Momentum The Senate comes out of recess on July 13, which is another procedural action opportunity. However, lawmakers still face disagreements over important provisions.

Discussions involve ethics restrictions, stablecoin rewards, federal preemption, and anti-money-laundering requirements. Such problems may postpone a final vote or oblige changes.

A procedural vote may occur between July 13 and July 17. House-Senate reconciliation can occur during July 20-24.

In case both chambers vote in favour of the same text, the bill might end up in the hands of President Donald Trump before August. The loss of that window would delay till September.

🚨 #CLARITY Act Faces Fresh Scrutiny

Senate Democrats are calling for hearings into President #Trump’s crypto holdings, arguing his reported #crypto earnings raise conflict-of-interest concerns ahead of the expected release of the #CLARITYAct draft.

The ethics provision remains… pic.twitter.com/CLpnbnZcwG

— CoinGape (@CoinGapeMedia) July 10, 2026

A successful Senate push may strengthen XRP confidence this month. Nevertheless, the direction of prices will be determined by the market volume, stability of Bitcoin, and the resistance in the vicinity. Favourable development would appeal to purchasers of regulatory confidence.

XRP Price Outlook: Can Bulls Break Above $2 This Month? The price of XRP was trading close to $1.1013 on Friday after receiving support at about $1.07. The four-hour chart depicts that buyers are back but the momentum is still weak below the resistance level of $1.12.

The relative strength index stood at 47.48, which is slightly below the 50 mark of neutrality. 

The MACD histogram became positive at 0.0018, indicating that bearish pressure might be declining. The MACD line has also crossed the signal line, indicating a potential recovery effort. 

Tradingview An established break over $1.12 may pave the way to the next resistance at $1.15. Further purchases above $1.15 will put the $1.20 level into reach. 

Conversely, the downside is that $1.07 is the most important level that safeguards XRP against a further fall. The next target might be seen at $1.05, with a four-hour low below that support. Continued selling may then pull XRP price toward the psychological $1.00 level.

XRP ETF Assets Near $1 Billion as Cumulative Inflows Hit $1.48 Billion According to SoSoValue data, XRP exchange-traded products showed no net inflows in a single day on July 9. Cumulative inflows were also at $1.48 billion with total net assets standing at $989.46 million. Bitwise dominated the market as the market leader with net assets of $308.15 million. 

Source: Sosovalue data Canary trailed by $252.97 million, followed by Franklin at $249.54 million. The aggregate trading value was $6.87 million, indicating a low turnover in XRP products.

Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.”

In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800.

His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [ETH] price has briefly stalled below the 50-day MA (DMA). 

Should the 50DMA be decisively reclaimed as support (ETH price above $1800), the next upside target would be the 200-day MA(blue line) at $2.2K, Suttmeier added. That would imply a 25% upside potential if the $2.1K obstacle is cleared. 

Source: ETH/USDT, TradingView  In fact, even Bitmine Immersion Technologies chairman and Fundstrat’s Tom Lee shared Suttmeier’s analysis, implying that he supported his projection. 

Well, if there’s no bearish catalyst in the short term, the ETH daily chart leaned more toward a potential bullish reversal. It had formed a double bottom reversal pattern after the price slipped below $1600 twice in the past few weeks.

But some on-chain metrics were not as bullish on ETH as price charts suggested.

Ethereum’s exchange sell pressure is still high CryptoQuant reported a 6% surge in exchange selling pressure in the past few days as ETH attempted a rebound. Over 220K Ethereum [ETH] hit exchanges, slowing the relief rally near $1800. 

Source: CryptoQuant  And the whales were notably reducing exposure during the relief rally. As such, the brief stalling below $1800 did not come as a surprise. As of writing, the whale sell-off had not tapered off.

In fact, the exchange selling pressure has been steadily rising since March. Hence, if the pressure persists, the ‘tactical bottom’ outlook could be invalidated. 

Can ETF flows and macro risks derail ETH? Apart from the whale pressure, the U.S. Spot ETF demand, which significantly boosted the early July relief recovery, has turned negative.

After seeing net inflows for five straight days, the trend broke on Thursday after the products posted a $52M net outflow. The risk-off move was triggered by renewed Iran-U.S escalations and bond market jitters.

Source: SoSo Value Overall, ETH was on the verge of flipping its short-term momentum to bullish if it decisively stays above $1800. A 25% upside potential could be feasible if such a scenario plays out. But macro and geopolitical pressures remained at large and could affect bulls. 

Final Summary ETH could hit $2100 and offer a 25% potential gain if $1800 is decisively reclaimed.  Macro and geopolitical pressure could invalidate the bullish outlook, especially if the U.S-Iran escalations deepen 

WebX 2026 Adds Speakers and Sponsors Ahead of July Conference

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

One of the most actively traded assets in the cryptocurrency market is ZCash. ZEC has quietly reported one of the biggest volume expansions among major digital assets, with trading activity rising by more than 28 percent over the past 24 hours, while Bitcoin and Ethereum continue to dominate headlines. 

Traders are back at itDerivatives market data shows that ZEC's trading volume increased by about 32%, greatly outpacing both Ethereum's volume decline of almost 10% and Bitcoin's roughly 5% increase during the same period. After weeks of comparatively quiet activity, the spike puts ZCash among the best-performing assets in terms of market participation, indicating a resurgence of trader interest. The volume increase is not happening in a vacuum. 

ZEC/USDT Chart by TradingViewZEC has extended a recovery that started when the asset successfully defended support close to the 200-day moving average by pushing above the psychologically significant $500 level on the daily chart. The price is currently trading above the 50-day, 100-day, and 200-day moving averages, a structure that typically indicates bullish market conditions. The action is especially noteworthy because it follows a period of intense network volatility. 

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Many traders anticipated that ZEC would have difficulty recovering after the inflation bug incident that momentarily undermined market confidence. Instead, buyers started to reappear, and the market started to reconstruct its bullish structure. Additionally, open interest has risen by over 26%, indicating that traders are actively opening new positions rather than simply rotating spot capital into ZEC. Rising open interest is frequently seen as confirmation that market participants anticipate further movement rather than just covering existing trades when it coincides with rising price and volume. 

Zcash's unexpected recoveryThe $520-$550 range, which previously served as resistance during the most recent attempts at recovery, is technically ZEC's next obstacle. The highs set earlier in the quarter might be reached with a clear breakout above this area. However, traders should continue to exercise caution. Momentum indicators have risen to elevated levels due to the recent rally, and the asset remains highly volatile.

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Speculative capital can be drawn in by rapid volume expansions, but it vanishes just as quickly when sentiment changes. Nevertheless, ZCash is currently one of the few major cryptocurrencies outperforming both Ethereum and Bitcoin in terms of trading activity, indicating that money is once again flowing into one of the market's earliest privacy-focused assets.

Injective: Security issue related to npm packages has been resolved, and no user funds were lost.

Injective’s official team posted on social media that recent media reports covered potential security vulnerabilities involving Injective’s npm packages. The issue was immediately detected and resolved. User funds were never at risk and suffered no losses. According to the official, its security monitoring system flagged the problem in real time, quickly marked the affected package versions as deprecated, and replaced them with new versions—blocking the risk before the malicious package could be downloaded. As a result, the malicious package had zero downloads, caused no harm to users, and user fund security remained uncompromised. Injective’s npm package is among the most widely used SDKs in the cryptocurrency sector. The team has now implemented optimization measures to prevent such attack attempts from recurring.

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Bitget has launched the SKHYUSDT perpetual contract.

According to official announcements, Bitget has launched the SKHYUSDT perpetual contract, with a maximum leverage of 20x, and contract trading bots will be available simultaneously.

3 hours ago

Bitget launches SK Hynix’s rSKHY for the first time, offering new users the chance to split an equivalent of $50,000 worth of stocks via trading.

According to official announcements, Bitget has launched its stock spot rToken for SK Hynix (rSKHY) as its first such offering. From now until July 17, users trading rSKHY will enjoy zero trading fees. Additionally, the platform has rolled out a dedicated new user campaign with a total prize pool of SK Hynix equivalent to 50,000 USDT. During the campaign, newly registered users who complete a net deposit of no less than 1,000 USDT and their first trade will randomly receive rSKHY worth between 10 and 88 USDT. New users participating in rSKHY trading who meet cumulative trading volume thresholds can unlock tiered stock rewards, with a maximum of rSKHY worth 888 USDT per individual. The campaign runs from July 10 to July 17.

3 hours ago

Over the past 24 hours, global crypto liquidations hit $236 million, with short positions making up the bulk of the liquidations.

According to Coinglass data, global crypto market liquidations reached $236 million over the past 24 hours, including $68.7 million in long-position liquidations and $167 million in short-position liquidations.

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Binance to List SKHYUSDT USDT-Margined Perpetual Contract

Per official announcement, Binance will launch the SKHYUSDT perpetual contract at 23:50 UTC+8 on July 10, 2026, with a maximum leverage of 50x.

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Robinhood launched its own blockchain in July 2026, an Ethereum layer 2 where tokenized stocks trade around the clock and plug into DeFi as collateral. This guide explains what Robinhood Chain actually is, how it works under the hood, what Stock Tokens are and who can use them, how the chain differs from Base and the other corporate networks, and what it means for users, builders, and the industry’s biggest open questions.

On July 1, 2026, one of the largest retail brokers in the United States switched on its own blockchain. Robinhood Chain launched its public mainnet at a London keynote, carrying 95 tokenized stocks that trade 24 hours a day, a suite of DeFi protocols live from day one, and access wired directly into the Robinhood Wallet used across 120 countries. Within a week the chain had processed roughly 4 million transactions, gathered over $240 million in deposits, and produced a launch statistic, $570 million of day-one volume against $21.68 million of liquidity, that made the entire industry look twice.

A brokerage running a blockchain would have sounded absurd for most of crypto’s history, and it now sounds inevitable: Coinbase runs Base, Stripe backs Tempo, and the era of consumer giants renting neutral rails is visibly ending. But Robinhood Chain is a distinct species within that trend, because it was built around one specific product no other chain ships: real-world equities as native, composable on-chain assets, the thing crypto has promised since the first tokenized-stock experiments and never delivered at brokerage scale.

This guide explains the chain from the ground up: what it technically is and how the Arbitrum-based architecture works, what Stock Tokens are and what holders actually get, the DeFi ecosystem that launched with it and why composability is the entire point, who can access what and where the regulatory lines sit, how the chain compares to Base and the corporate-chain field, the fee economics including the unusual revenue-sharing deal with Arbitrum, and the honest open questions, control, liquidity, and law, that will decide what the chain becomes.

The architecture: an Ethereum layer 2, built to order Robinhood Chain is a layer 2 blockchain: a network that executes transactions on its own fast, cheap environment while posting records to Ethereum, inheriting the base chain’s security for its history. It is built using Arbitrum’s Orbit technology, the chains-as-a-service framework from the team behind Arbitrum One, which means Robinhood did not invent a blockchain so much as commission one: Orbit supplies the rollup machinery, proofs, data posting, Ethereum settlement, and Robinhood configures the network, operates its infrastructure, and decides what it is for.

Three design choices define it. First, it is permissionless: any developer can deploy contracts using standard Ethereum tooling, without Robinhood’s approval, which is why an uninvited memecoin economy appeared on day one and why first-tier DeFi protocols could arrive at launch. That openness distinguishes it sharply from the private bank chains of the last decade and puts it in the same public-network category as Base. Second, it is EVM-compatible: everything built for Ethereum ports over directly, wallets, contracts, developer tools, so the chain starts with the industry’s entire software ecosystem instead of an empty room. Third, it is purpose-tuned for real-world assets: fast block times via Alchemy infrastructure, Chainlink as the official oracle for prices, cross-chain messaging, and proof-of-reserve on Robinhood-issued assets, and BitGo integration on the custody side, the specific plumbing tokenized equities require and general-purpose chains bolt on as afterthoughts.

The trust profile follows from the architecture, and it is the standard corporate-chain bargain. User funds are secured by Ethereum: the sequencer that orders transactions cannot forge them or steal assets, and the chain’s history settles to the base layer. Access and ordering, though, run through infrastructure Robinhood operates, the centralized-sequencer chokepoint every major rollup currently carries, which means outages, ordering policy, and censorship capacity sit with one regulated company. For everyday users the distinction rarely surfaces; for anyone evaluating the chain seriously, it is the first line of the risk section.

Stock Tokens: the product the chain was built around The headline asset class is Stock Tokens: on-chain representations of equities, NVDA, GOOG, AAPL among the 95 at launch, issued by Robinhood, priced by Chainlink feeds, and tradable every hour of every day, not just during exchange sessions. They are the chain’s reason for existing, and understanding precisely what they are, and are not, is the guide’s most practical section.

A Stock Token delivers price exposure to the underlying equity in a token that behaves like any other crypto asset: hold it in the Robinhood Wallet or self-custody, trade it around the clock on the chain’s exchanges, transfer it, and, most consequentially, use it inside DeFi. What it does not deliver is shareholder status: token holders do not vote, and corporate rights stay with the issuance structure, with dividend economics passed through per the product’s terms, the standard trade-off of every tokenized-equity model. The tokens descend from Robinhood’s 2025 European pilots, which tokenized exposure to private names like SpaceX and OpenAI as proof of concept, and the lineage matters: the legal wrappers were tested under European rules before the chain bet on them.

Availability is the sharpest edge. Stock Tokens ship through the Robinhood Wallet in more than 120 countries, and conspicuously not to United States users, where the line between a compliant synthetic instrument and an unregistered security remains undrawn. The result is one of the strangest compliance objects in crypto: a permissionless network, built by an American broker, whose flagship assets are geofenced away from Americans, with enforcement living at the issuance and app layers while the rails underneath stay open. Whether that architecture satisfies regulators, or attracts them, is among the chain’s defining open questions.

The 24/7 dimension carries its own mechanics worth knowing. When the underlying stock market is closed, nights, weekends, holidays, the tokens keep trading, drifting on expectation with no live reference price, then reconverging when the real market opens. Weekend token prices function as forecasts of Monday’s open, gaps can be violent when news breaks during the closure, and anyone using the tokens in leveraged or collateralized positions inherits that gap risk in full.

The DeFi layer: why composability is the point Tokenized stocks existed before Robinhood Chain. What the chain adds, and what its launch ecosystem was assembled to prove, is composability: the tokens plug into open financial protocols as first-class assets, which converts a brokerage line item into a programmable building block.

The day-one roster was deliberately first-tier. Uniswap deployed a dedicated AMM as the chain’s core public liquidity venue; Arcus, built by the team behind dYdX, runs a zero-fee exchange purpose-built for the stock tokens; 1inch, Rialto, and Lighter round out trading, with Lighter adding perpetual futures and pledging $11 million of its token to Robinhood users; Pleiades operates a proprietary market-making AMM; and Morpho’s lending markets opened the loop that matters most: stock tokens as loan collateral. That last integration is the chain’s genuinely novel product, a holder borrowing stablecoins against tokenized NVDA, automatically, no paperwork, with liquidation machinery enforcing the loan against oracle prices, and it is also the chain’s most delicate engineering: equity collateral marked by feeds from a market that closes means health factors computed against stale or reconstructed prices for two-thirds of every week, gap-risk liquidations at Monday opens, and corporate-action handling no DeFi risk framework has stress-tested at scale.

The deposits that flowed in during week one, past $240 million, concentrated in exactly these venues, drawn by a 7% yield incentive and points programs, and the composition question, how much collateral is actually stock tokens versus recycled farm assets, is the single best indicator of whether the composability thesis is converting, the launch-week forensics this publication’s feature examined in depth.

Using the chain: access, wallets, and what a first session looks like For a user, the chain’s front door is the Robinhood Wallet, the company’s self-custody app, which added native Robinhood Chain support at launch: bridging assets in from Ethereum and other networks, swapping tokens, and reaching the chain’s applications happen from inside an interface tens of millions of people already carry. That distribution is the launch’s real innovation, one tap from an existing consumer app to an on-chain economy, no seed-phrase ceremony, no network-configuration ritual, and it is why the chain gathered users at a pace organic launches never match.

Nothing about the chain requires Robinhood’s app, though, and the permissionless design means the standard crypto path works identically: add the network to any EVM wallet, bridge funds across, and interact with the protocols directly. A typical first session looks like any L2’s, bridge a stablecoin or ETH, pay negligible fees, swap or deposit into a venue, with two chain-specific wrinkles worth knowing in advance. The first is that asset availability depends on who you are and where: the DeFi protocols and general tokens are open, while Stock Tokens and certain products check jurisdiction at the issuance and interface layers, so two users on the same chain can see different shelves. The second is incentives literacy: the launch period’s yields and points programs are bootstrap subsidies with published terms and step-down schedules, and treating them as permanent rates is the classic new-chain mistake, since incentive-driven deposits reprice the day the programs do.

Builders face an even lower bar: the chain is standard EVM, deploys with familiar tooling, and offers what no other network can, proximity to a brokerage user base and an asset class, the stock tokens, that exists nowhere else as a composable primitive. The day-one protocol roster arrived for exactly that reason, and the open question for every subsequent builder is the same one the chain itself faces: whether the mission assets acquire the liquidity that makes building against them worthwhile.

The launch by the numbers, and how to read them The chain’s opening week produced statistics worth recording precisely, because they will be the baseline every future assessment measures against. Day-one volume of $570 million against $21.68 million of total value locked, a 26-to-1 turnover ratio without precedent at scale, driven overwhelmingly by speculative memecoin trading rather than the stock tokens the chain was built for. Roughly 4 million transactions in the first week against about $57,000 of protocol revenue, deliberately subsidized throughput. Deposits growing past $240 million within days, concentrated in Morpho and Ethena strategies farming a 7% incentive. And an 8% rally in HOOD stock on launch, the equity market pricing the option the chain represents.

Read together, the numbers say the launch proved distribution and deferred everything else: the crowd arrived instantly, the crowd was the wrong crowd by the mission’s definition, and the company visibly did not mind, because speculative bootstrap is how every successful chain, Base included, actually started. The figures to watch from here are the boring ones, stock-token volume as a share of activity, collateral composition in the lending markets, deposit retention through incentive step-downs, and they will decide, over quarters rather than weeks, whether the launch statistics were a foundation or a fireworks show.

Fees, economics, and the Arbitrum deal The chain’s business model is subsidy now, franchise later. Transaction fees are deliberately negligible, roughly $57,000 of protocol revenue against the first week’s 4 million transactions, because the chain is priced as customer acquisition: Robinhood monetizes the surrounding stack, wallet, custody, order flow, spreads, and the eventual financialization of assets its 28 million customers already hold. The structure echoes the company’s zero-commission brokerage playbook precisely.

The launch’s most consequential economic detail belongs to someone else: 10% of Robinhood Chain’s fees flow to the Arbitrum ecosystem, with 8% going directly to the treasury controlled by ARB token holders, confirmation that sent ARB up double digits. The deal matters twice over: it prices Orbit’s chains-as-a-service model with its biggest customer to date, and it sets the template every future corporate chain will negotiate against, the sell-shovels economics underneath the land grab, whose full competitive map this publication has drawn.

One further piece of the economics deserves its own paragraph because it inverts the usual chain-token question: Robinhood Chain has no token, and the company has signaled nothing about one. The network’s fees are paid in ETH-denominated gas, its incentives are paid in dollars and partner tokens, and the value the chain generates is designed to accrue to HOOD equity through the brokerage’s ordinary lines rather than to a new crypto asset. The choice is strategically legible, a token would add regulatory surface exactly where the company has least room, and it makes the chain a useful natural experiment: the corporate-chain model’s economics, tested without the token variable that confounds every other network’s numbers. It also concentrates the ecosystem’s token exposure in unexpected places, ARB through the fee-sharing deal, and the partner protocols’ tokens through their deployments, which is why the launch’s clearest market beneficiaries were assets Robinhood does not issue.

How it compares: Robinhood Chain versus the field Against Base, the reigning corporate chain, the comparison clarifies both. Base is a general-purpose network that grew an economy organically, memecoins first, then consumer apps, then everything, monetized through sequencer margin at enormous scale; its differentiation is Coinbase’s distribution applied to an open playground. Robinhood Chain is a product-led network: the stock tokens are the anchor tenant, the DeFi roster was recruited around them, and the bet is that one asset class nobody else ships outruns a general platform’s breadth. Base runs on the OP Stack, Robinhood on Arbitrum Orbit, a meaningful choice mostly for the fee-sharing counterparty and the proving roadmap. Against Tempo, Stripe’s payments-first chain, the contrast is anchor product again, payments versus equities, and against the neutral L1s both compete with, the corporate chains share the same offer and the same objection: distribution no neutral chain can match, control no neutral chain would accept.

Where the chain came from: the two-year assembly The launch’s polish reflects deliberate sequencing worth knowing, because it explains both the chain’s capabilities and its ambitions. Robinhood spent 2025 acquiring the pieces: Bitstamp, one of the oldest crypto exchanges, for trading and institutional infrastructure; WonderFi for Canadian licensing; and the European tokenized-equity pilots, including exposure products on private names like SpaceX and OpenAI, as legal and product rehearsal. Early 2026 brought the quiet phase: a public testnet from February that processed millions of transactions, and the European expansion of crypto perpetuals that became one of the company’s fastest-growing lines. The July launch composed the pieces into one architecture, assets tokenized on its own network, traded through its own wallet and partnered venues, financed through integrated lending, custodied through its own stack, and the composition, more than any single component, is the product: a vertically integrated on-chain brokerage, with each layer feeding the others.

The assembly also explains the chain’s geography. The launch happened in London, the stock tokens ship internationally first, and the European perps expansion runs under MiCA-era rules, because the regulatory groundwork was laid where frameworks exist. The United States, the company’s home market, receives the chain, the wallet, and the crypto products, and waits on the equity tokens until American classification law settles, a sequencing that reads as strange until it reads as strategy: build the global product under workable rules, and let the home market’s framework catch up to a working precedent instead of a proposal.

The honest open questions Three questions will decide what the chain becomes, and none is answerable yet. Control: a permissionless network whose sequencing, issuance, and flagship interface all route through one regulated broker is decentralized at exactly one layer, and the pressure point regulators or litigants would reach for first is obvious. Liquidity: 24/7 equity trading and stock-collateral lending are only as real as their depth, and week-one depth in the mission assets was thin against the speculative noise; the products exist as listings and must become markets. And law: the geofence paradox, the CLARITY-era classification of the tokens, and the first serious corporate action or exploit on tokenized equities are all uncharted, and each is capable of reshaping the chain’s product overnight.

What is not in question is significance. A top American broker building a public blockchain around real-world assets, and populating it with DeFi’s first tier on day one, is the clearest single marker yet of traditional finance and crypto converging on shared rails, and whichever way the open questions resolve, the experiment’s data, on tokenized-equity demand, on corporate-chain economics, on regulated assets in permissionless systems, will shape what every institution builds next.

A short reader’s guide to following the chain closes the picture, because the story is young and the sources are all public. The chain’s explorer and the standard TVL dashboards carry the activity and deposit series; the incentive programs publish their terms and step-down dates; the stock-token venues report the volumes that measure the mission; and Robinhood’s quarterly disclosures will, over time, reveal what the company chooses to say about economics it is currently subsidizing in silence. The corporate-chain era is being decided by exactly this kind of unglamorous series, retention curves and collateral mixes, not keynotes, and Robinhood Chain, whatever it becomes, has committed to being graded in public. For a technology that spent a decade arguing about whether traditional finance would ever really arrive on-chain, the most informative thing about this chain may simply be its existence: the argument is over, the arrival is operational, and the remaining questions, control, liquidity, and law, are the practical kind that get answered by data, not debate.

And a sizing footnote for perspective: a week after launch, the chain’s deposits already exceeded what most of the previous cycle’s venture-funded L2s gathered in their lifetimes, and its flagship product had transacted less than its accidental memecoin economy, both facts true at once, which is the corporate-chain era in a single sentence.

The chain is a week old; this guide will age accordingly, and its framework, architecture, assets, access, economics, questions, is built to be refilled with each quarter’s numbers.

Disclaimer: This article is for educational purposes only and does not constitute investment advice. Digital asset markets are volatile and you can lose your entire investment. Product availability varies by jurisdiction, and details are current as of July 9, 2026, and changing quickly. Always do your own research.

Frequently asked questions What is Robinhood Chain in simple terms? Robinhood Chain is a public blockchain launched by the brokerage Robinhood in July 2026. It is an Ethereum layer 2 built with Arbitrum’s technology, designed for tokenized real-world assets: its flagship product is Stock Tokens, on-chain versions of equities like NVDA and AAPL that trade 24/7 and plug into DeFi applications. Anyone can build on it, and users access it primarily through the Robinhood Wallet.

Is Robinhood Chain its own blockchain or part of Ethereum? Both, in the way all layer 2 networks are: it executes transactions on its own fast, cheap network, and it posts records to Ethereum, inheriting the base chain’s security for its history. It is built on Arbitrum Orbit, the same technology family as Arbitrum One, and is fully compatible with Ethereum wallets, tools, and smart contracts.

What are Stock Tokens and do they make me a shareholder? Stock Tokens are Robinhood-issued tokens tracking specific equities, tradable around the clock and usable in DeFi as collateral. They deliver price exposure and pass through dividend economics per their terms, but holders are not shareholders of record: no voting rights, and corporate rights remain with the issuance structure. They are exposure instruments, not shares.

Can US users trade Stock Tokens on Robinhood Chain? No. Stock Tokens are available through the Robinhood Wallet in more than 120 countries, with availability varying by jurisdiction, and the United States is excluded pending regulatory clarity on how such tokens are classified. US users can access the chain itself, which is permissionless, but not its flagship equity products.

What DeFi protocols run on Robinhood Chain? The launch ecosystem included Uniswap with a dedicated AMM as core public liquidity, Arcus, a zero-fee stock-token exchange from the dYdX team, 1inch, Rialto, and Lighter for trading and perpetuals, Pleiades as a proprietary market-making venue, and Morpho for lending, where stock tokens can serve as loan collateral. Chainlink provides the oracle and cross-chain infrastructure throughout.

What happens to Stock Tokens when the stock market is closed? They keep trading. With no live reference price overnight and on weekends, the tokens float on traders’ expectations of the next open and reconverge when the real market resumes, sometimes with sharp gaps if news broke during the closure. Anyone borrowing against stock-token collateral carries that gap risk, since positions can be liquidated against prices that jump at the open.

How is Robinhood Chain different from Coinbase’s Base? Base is a general-purpose corporate chain that grew a broad economy organically and runs on the OP Stack. Robinhood Chain is product-led: built on Arbitrum Orbit specifically around tokenized real-world assets, with the stock tokens as anchor tenant and a DeFi roster recruited to serve them. Base sells an open playground with Coinbase’s distribution; Robinhood sells an asset class nobody else ships.

Who controls Robinhood Chain? The network is permissionless to build on and its assets are secured by Ethereum, but Robinhood operates the core infrastructure, including the sequencer that orders transactions, issues the flagship assets, and controls the primary wallet interface. Funds cannot be stolen by the operator, but access, uptime, and ordering depend on it, the standard trade-off of the corporate-chain model.

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Bitmine Immersion Technologies (NYSE: $BMNR), chaired by Fundstrat's Tom Lee, has purchased another 20,500 $ETH worth approximately $35.9 million from Galaxy Digital, according to onchain data cited by Lookonchain. The transaction is the company's second major Ethereum buy in as many days and adds further momentum to what has become one of the most closely watched corporate accumulation stories in crypto.

Back-to-Back Buys Push Holdings Higher The latest purchase follows a reported acquisition of 40,000 ETH on July 8, executed through FalconX and Kraken. Combined, the two transactions total roughly 60,500 ETH acquired within days. As of July 5, 2026, Bitmine's holdings stood at 5,742,237 ETH, representing approximately 4.8% of the total ETH supply of 120.7 million tokens. The latest buys reported on July 10 would push that figure higher still, bringing the company closer to its stated target.

The "Alchemy of 5%" and What's at Stake Guided by its philosophy of "the alchemy of 5%," Bitmine is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralised finance mechanisms. A 3.5 million share 9.50% Series A Perpetual Preferred (BMNP) deal raised about $273.8 million to fund additional digital assets, validator growth, and strategic ETH-ecosystem investments.

Chairman Thomas Lee attributed Ethereum's recent outperformance of Bitcoin and Bitmine's continued accumulation to rising investor optimism that the proposed Clarity Act will pass and bring greater regulatory certainty to crypto, especially Ethereum. Lee also believes Ethereum is undervalued, citing tokenization and rising demand from artificial intelligence applications as long-term catalysts.

Annualized staking revenues are projected at $235 million, with 4.9 million ETH representing 85% of the 5.74 million ETH held by Bitmine. Bitmine's crypto holdings rank it as the number one Ethereum treasury and number two global treasury, behind Strategy Inc. (NASDAQ: MSTR).

Sources:
Bitmine official press release via PR Newswire, July 6, 2026
CoinDesk: Bitmine adds $74 million in Ether as Tom Lee bets on Clarity Act boost
Yahoo Finance: Bitmine Purchases Another $74 Million of Ethereum

Following the launch of Robinhood’s new Layer 2 blockchain, Robinhood Chain, on July 1, the network has already seen more than $70 million worth of Ether transferred onto the platform in its first week. Data from Token Terminal highlights the rapid influx of liquidity to the chain during its debut, signaling strong early adoption.

First week metrics draw attentionBuilt on Arbitrum and fully compatible with the Ethereum Virtual Machine, Robinhood Chain uses ETH as its native transaction fee token. The company has positioned the network as both artificial intelligence-friendly and focused on real-world asset tokenization. As a US-based fintech, Robinhood is known for enabling stock and crypto transactions.

Token Terminal analysts suggest that if this rate of user adoption continues, Robinhood Chain could emerge as a significant new source of demand for ETH. They note that the network has swiftly converted liquidity into on-chain economic activity, creating a meaningful new channel for ETH utilization.

Token Terminal emphasizes that Robinhood Chain is rapidly transforming liquidity into economic activity, establishing an effective path for increased ETH demand.

During the network’s opening week, daily active users climbed to 194,000. Daily revenue reached $39,000, which annualizes to approximately $14 million, indicating the chain’s strong growth trajectory since launch.

Liquidity and total value locked soarDefiLlama data paints a similar picture. According to the platform, total value locked (TVL) on Robinhood Chain hit 46,748 ETH, or about $83 million at market prices. On Thursday alone, deposits totaled 31,855 ETH, equal to roughly $55 million based on current valuations.

IndicatorLevelETH moved in first weekOver $70 millionTotal value locked46,748 ETHDaily active users194,000Daily revenue$39,000Uniswap founder Hayden Adams remarked that most of the activity on Robinhood Chain is denominated in ETH. He explained that ETH serves as the primary asset in trading pairs, holds the highest trading volume, and is also the settlement currency for block space fees.

Hayden Adams reported that a significant portion of Robinhood Chain activity is ETH-based, and that ETH is also burned on the mainnet as part of the network’s data storage fees.

Tokenized stocks drive ETH demandRobinhood is also offering tokenized stocks to clients in over 120 countries. Growing interest in representing US stocks on the blockchain is bolstering Ethereum’s and Layer 2 networks’ standing in the real-world asset space. Data from RWA.xyz indicates that over half of the market share for real-world asset tokenization lies within the Ethereum ecosystem.

Andri Fauzan Adziima, head of research at Bitrue Research Institute, stated that early trading volumes confirm a growth cycle for Layer 2 solutions, generating strong new demand for ETH. Tim Sun, senior researcher at HashKey Group, highlighted that Robinhood Chain’s use of ETH for gas fees is structurally positive for the Ethereum network.

On Friday, the price of ETH climbed as high as $1,775. Nevertheless, the token remains 64% below its August 2025 record high.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

TLDR: ETH latest news shows Robinhood Chain attracted over $70 million in bridged ETH within its first week, adding fresh demand signals for Ethereum. Robinhood Chain reached around 194,000 daily active users and more than $80 million in TVL as early liquidity moved into the new network. DEX volume briefly topped $560 million after CASHCAT trading accelerated, showing how memecoin activity pushed the RWA-focused chain into focus. Arbitrum also gains from the launch, as 10% of Robinhood Chain protocol net revenue flows back to the wider ecosystem under AEP. Robinhood Chain is turning into a fresh Ethereum growth story just one week after launch. In this latest ETH news update, the network has attracted over $70 million in bridged ETH. Token Terminal reported the figure after the chain’s debut week. 

The Arbitrum-based Ethereum Layer 2 uses ETH as its native gas token and supports tokenized real-world assets. 

The chain has also reached around 194,000 daily active users, while total value locked climbed above $80 million. ETH traded near $1,770 at press time, rising more than 3% over the past week.

ETH Latest News: Robinhood Chain Turns Liquidity Into Demand Robinhood Chain launched on July 1 and quickly pulled liquidity from Ethereum mainnet. Token Terminal data shows ETH bridged to the network jumped 70x in one week. That move matters as every transaction on the chain uses ETH for gas.

Since launch, Robinhood Chain has grown to over $80M in TVL, over $200M in stablecoins, and $800M in cumulative DEX volume. pic.twitter.com/6ctvI2WuZy

— DefiLlama.com (@DefiLlama) July 9, 2026

The platform is built with Arbitrum Orbit and targets tokenized stocks, real-world assets, and AI applications. Robinhood also expanded tokenized stock access to users in more than 120 countries. That gives the network a broad retail base from launch week.

In this ETH latest news cycle, analysts are watching whether activity becomes durable. Token Terminal reported about $39,000 in daily revenue, equal to a $14 million annualized run rate. DefiLlama data also showed TVL near 47,000 ETH, worth more than $80 million.

Uniswap founder Hayden Adams said most activity on Robinhood Chain is ETH-denominated. ETH serves as the main trading pair, the highest-volume asset, and the gas token. It also pays Ethereum mainnet data storage fees, which links activity back to L1 demand.

HashKey researcher Tim Sun called the launch a structural positive for ETH. He said wallet growth, bridged assets, and transaction demand all create recurring usage for the asset. 

Memecoin Volume Tests Robinhood Chain’s RWA Ambitions Robinhood Chain was designed for tokenized finance, but memecoin trading drove its first major volume spike. DefiLlama data showed daily DEX volume above $560 million at one point. That briefly placed the chain ahead of Hyperliquid in 24-hour decentralized exchange activity.

CASHCAT became the main speculative driver. The token, linked to Robinhood’s early mascot, surged more than 1,000% over three days. It also pushed heavy trading through Uniswap, the network’s main decentralized exchange.

CEO Vlad Tenev added to the buzz after saying Robinhood Chain works well for memes too. He also promoted the broader “Robinhood Summer” theme. The company is covering gas fees for eligible Robinhood Wallet users until September 29.

The latest ETH news focus now sits between two forces. On one side, Robinhood Chain may bring tokenized stocks and RWAs to a larger global audience. On the other side, its first burst of activity came from speculative tokens.

The Arbitrum ecosystem also benefits from the launch. Under the Arbitrum Expansion Program, 10% of Robinhood Chain protocol net revenue flows back to the ecosystem. The split sends 8% to the Arbitrum DAO treasury and 2% to the Developer Guild.

ARB rose nearly 10% after the revenue-sharing details gained attention. Trading volume also more than doubled above $104 million. For Ethereum, the bigger test is whether RWA demand can replace early memecoin flows.

The Ethereum Foundation has dissolved its Protocol Support team as part of a broader restructuring that recently cut about 20% of the nonprofit’s workforce.

Summary

Ethereum Foundation dissolved Protocol Support after five years coordinating upgrades, developer meetings and fellowship programs worldwide. Several team members lost their roles following the Foundation’s broader 20% workforce reduction announced recently. Core protocol work continues under Ethereum Foundation’s new structure, but some support programs face uncertainty. Protocol Support coordinated several parts of Ethereum’s development process. Its work covered core developer meetings, network upgrade tracking, Ethereum Improvement Proposal support and programs that trained new protocol contributors.

The Protocol Support account confirmed the team’s closure on X. It also invited Ethereum organizations seeking experienced developers to contact former team members.

the EF Protocol Support team has been dissolved 🖖

— EF Protocol Support (@EFprotocol) July 9, 2026 Mario Havel, who worked with Protocol Support for more than five years, said he remains at the Ethereum Foundation. However, he confirmed that the rest of his team had been dissolved and that several colleagues had lost their roles.

“I am still part of EF, continuing my work and figuring out what’s most needed in the future,” Havel wrote on X. “However, all of my team, Protocol Support, that I have been part of for 5+ years, has been dissolved.”

I was getting questions about recent EF layoffs and my situation so I should share something public as well.

I am still part of EF, continuing my work and figuring out what's most needed in the future. However, all of my team, Protocol Support, that I have been part for 5+… https://t.co/KRgKxiXQpa

— Mario Havel (@TMIYChao) July 8, 2026 Havel described the closure as the “bitter end” of a team that had supported Ethereum’s core development process through several forms and leadership changes.

Team managed key Ethereum developer programs Protocol Support helped organize All Core Developers meetings, where client teams and researchers discuss proposed upgrades. It also supported breakout calls, tracked network fork readiness and helped contributors understand Ethereum’s technical roadmap.

The team maintained Forkcast, a public platform that tracks Ethereum upgrades, proposed EIPs, testnet launches and mainnet activation plans. Former team lead William Morriss said the restructuring had ended his Ethereum Foundation role.

Protocol Support also ran the Ethereum Protocol Fellowship. The program trained developers seeking to contribute to Ethereum’s core protocol and connected participants with client teams, researchers and other technical groups.

Havel said he and former colleague Josh Davis built the fellowship over four years. The program has since brought dozens of new developers into Ethereum’s core development community.

The Foundation had opened applications for the seventh Ethereum Protocol Fellowship cohort in April. The available statements did not explain whether the current cohort will continue under another team.

Closure follows wider Foundation layoffs The team’s dissolution follows the Ethereum Foundation’s new organizational structure, announced on June 23. The Foundation cut 54 positions, equal to roughly 20% of its workforce, after a months-long review of its activities and spending.

As previously reported by crypto.news, the Foundation reorganized its work into five main areas: protocol, access, user, community and institutional layers. Separate groups handle operations and management.

The Foundation said affected workers would receive severance, career transition support and grants for related expenses. It described the changes as necessary to focus its staff and resources on work that the organization must perform over the coming years.

The latest closure also follows earlier changes to Ethereum’s research and development structure. The Foundation reduced its Protocol Research and Development team in 2025 and renamed the remaining group Protocol.

Core protocol work remains active The new protocol cluster remains responsible for Ethereum’s underlying technology. Its stated tasks include shipping upgrades safely, reducing technical complexity and improving privacy, security and censorship resistance.

Ethereum developers are also working on the Glamsterdam upgrade. The planned update includes changes to block construction, data access and network performance, as crypto.news previously reported.

However, the Foundation has not publicly detailed where every Protocol Support responsibility will move. The future management of developer meetings, Forkcast, fellowship programs and EIP support therefore remains unclear.

Protocol development does not depend on one Foundation team because Ethereum client developers, researchers and independent contributors work across several organizations. Still, Protocol Support provided coordination services that connected many of those groups during network upgrades.

Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market.

Summary

Bitcoin options worth $1.5 billion expired as traders watched the key $62,000 maximum pain level. Ethereum’s 1.26 put-call ratio reflected unusually high demand for downside protection during the weekly expiry. Institutional traders sold short-term calls, suggesting limited confidence in a sustained crypto market rally ahead. According to data shared by Greeks.live, about 23,000 Bitcoin options expired with a notional value of $1.5 billion. The contracts had a put-call ratio of 0.97 and a maximum pain level of $62,000.

Meanwhile, 140,000 Ethereum options expired with a notional value of $250 million. The ETH contracts carried a put-call ratio of 1.26 and a maximum pain level of $1,700.

Bitcoin options traders limit short-term upside Bitcoin remained above $60,000 for most of the week and briefly reached $64,000 during Asian trading on Friday. The price later stayed close to a resistance area between $64,000 and $64,500.

The weekly expiry covered about 7% of outstanding options, making it smaller than recent monthly and quarterly settlements. Therefore, the contracts alone were unlikely to cause a lasting move in the spot market.

July 10 Options Data

23,000 BTC options expired, with a put-call ratio of 0.97, a maximum pain point of $62,000, and a notional value of $1.5 billion.
140,000 ETH options expired, with a put-call ratio of 1.26, a maximum pain point of $1,700, and a notional value of $250… pic.twitter.com/6sx0FWNJMF

— Greeks.live (@GreeksLive) July 10, 2026 Bitcoin’s gamma exposure was concentrated near $64,000. A large number of call options also accumulated around that level, which may affect dealer hedging as the price moves through the strike.

However, Greeks.live said large call trades increased during the week because traders sold short-term calls slightly above the market price. This strategy generates income when traders expect an asset to remain flat or fail to rise beyond a selected strike.

The activity suggested that institutional traders had doubts about Bitcoin’s near-term upward momentum. Still, the 0.97 put-call ratio showed that the total number of puts and calls in the expiry remained nearly balanced.

Options skew retains downside bias In a separate options market update, Greeks.live said Bitcoin’s 25-delta skew had stabilized after a sharp repricing during June.

The one-day, seven-day and one-month readings stood at -6.4%, -6.7% and -7%, respectively. Negative skew means traders are paying more for downside protection than for similar bullish positions.

BTC's 25 delta skew has stabilized across the curve following the sharp repricing observed through June, although downside protection continues to command a premium across all major maturities. Current readings stand at -6.4% (1D), -6.7% (7D), and -7.0% (1M), indicating that… pic.twitter.com/An1c7KyrgY

— Greeks.live (@GreeksLive) July 7, 2026 “Puts continue to trade at a premium to calls across all major expirations,” the firm said. 

However, it added that the size of that premium had become more uniform across different contract periods.

The data showed that defensive demand was no longer concentrated only in contracts close to expiry. Medium-term options also accounted for a larger part of the downside premium.

Greeks.live described the setup as a “more normalized term structure” but said options pricing retained “a persistent downside bias.” The statement reflects current positioning and does not guarantee that Bitcoin will decline.

The July 3 expiry also showed demand for short-term downside protection. That event involved $1.9 billion in BTC options, with maximum pain at $61,000.

Ethereum puts remain unusually elevated Ethereum’s put-call ratio reached 1.26, meaning put options outnumbered calls in the weekly batch. The ratio remained high for a second consecutive week after reaching 1.29 during the previous expiry.

Greeks.live linked much of that activity to protective positions with strike prices below $1,500. These puts were deeply out of the money as expiry approached, but they showed that some traders had hedged against a sharper ETH decline.

Ethereum gamma exposure was concentrated near $1,750, with call accumulation also visible around the level. However, ETH remained below the $1,700 maximum pain area during parts of the settlement period.

Ether traders showed heavier put demand during the July 3 expiry. The earlier batch included 135,000 ETH contracts with a 1.29 put-call ratio and maximum pain at $1,650.

Broader markets keep crypto activity subdued The options expiry followed a week of mixed price action across crypto and traditional markets. U.S. and South Korean equities also faced corrections, while traders assessed interest-rate policy and geopolitical risks.

As reported by crypto.news,Bitcoin recently lost the $64,000 level after a hawkish Federal Reserve decision. The change in rate expectations reduced demand for several risk assets.

Open interest remained large despite the smaller weekly expiry. Bitcoin options open interest across exchanges stood near $28.7 billion, while Ethereum options open interest was about $4.4 billion.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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