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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SMIC surpassed Kweichow Moutai in market capitalization.
According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)
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Bitcoin breaks through $63,000
According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.
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US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.
The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.
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A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.
According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.
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Nvidia will collaborate with Hugging Face to develop open-source robotics models.
NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)
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A newly created wallet withdrew 500 BTC from Binance, worth $31.15 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 500 BTC from Binance, valued at $31.15 million.
Key Takeaways Zcash reached $505 before retracing to approximately $466 following significant profit-taking activity near the psychological $500 level The forthcoming Ironwood network update, scheduled for late July, is designed to eliminate undetectable counterfeiting vulnerabilities within Zcash’s shielded transaction framework A major supply milestone has been reached with 80% of ZEC’s capped 21 million token supply now in circulation, intensifying scarcity narratives Technical analyst Ardi highlights that a decisive move above $480 compound resistance could propel ZEC toward the $500–$540 range Contrarian analyst Aladdin_LCA identifies a possible head-and-shoulders formation and cautions that long positions face heightened downside risk Zcash (ZEC) has experienced a notable correction from its recent peak near $505, settling around $466 as market participants secured gains near the critical $500 threshold. The preceding surge of approximately 28% was fueled by growing anticipation surrounding the network’s planned Ironwood protocol enhancement.
Zcash (ZEC) Price The retracement was amplified by cascading liquidations of overleveraged long positions that accumulated near the $500 mark, creating conditions for market makers to capitalize on forced selling. Nevertheless, ZEC has maintained a foothold above the crucial $440 support zone that technical traders continue to monitor closely.
On-chain analytics platform Santiment revealed a compelling social sentiment pattern. Approximately one month ago, $ZEC social media mentions surged to 1,116 on the precise day the token bottomed around $362, coinciding with revelations about the Orchard shielded-pool security flaw. Following that spike, social discussion has remained remarkably subdued, fluctuating between just 24 and 69 daily mentions — even as ZEC appreciated roughly 29% from those lows. Santiment observed: “The noise marked the bottom. The silence is marking the repair.”
A month ago, $ZEC social volume hit 1,116 mentions on the exact day it bottomed. It has stayed quiet ever since, through a recovery the crowd never came back for.
📊 That Jun 5 spike was the loudest day in a month. It marked the low, ~$362.
📉 The crash trigger was the disclosed… pic.twitter.com/YfxLvdWR6M
— Santiment Intelligence (@SantimentData) July 8, 2026
The Ironwood protocol upgrade, anticipated to deploy in late July, will implement cryptographic proofs that mathematically eliminate the possibility of undetectable token creation within Zcash’s privacy-preserving transaction pools. This enhancement follows the emergency patch deployed in June addressing the Orchard vulnerability.
Chart Analysis From a technical standpoint, ZEC is encountering a significant resistance cluster: the 0.786 Fibonacci retracement level converges with the upper Bollinger Band and a horizontal resistance barrier near $490. Chart analyst CryptDollar emphasized this confluence as the critical juncture on the daily timeframe.
Trader Ardi pinpointed compound resistance around $480 where a descending trendline intersects with horizontal price resistance. According to his analysis, a confirmed daily close above this threshold could unlock a pathway back toward $500 and potentially extend to $540.
The Chaikin Money Flow indicator currently registers 0.13, suggesting accumulation pressure continues to exceed distribution. The Aroon Up metric stands above 92%, while TradingView’s aggregated moving average signals flash a Strong Buy rating. Momentum oscillators, however, remain in neutral territory.
Opposing Viewpoint Remains Not all market participants share the optimistic outlook. Trader Aladdin_LCA has retained his bearish thesis, identifying a potential head-and-shoulders topping pattern alongside an anti-butterfly harmonic configuration on the daily timeframe. He indicated his stance would only shift bullish following either a convincing breakout above major resistance or a capitulatory reset to fresh lows.
CoinGlass liquidation heatmaps reveal concentrated short position liquidation levels between $480 and $500, suggesting potential fuel for a short squeeze scenario if buyers can reclaim that territory. Conversely, long liquidation density clusters near the $450 level.
Circulation Benchmark Zcash officially announced that 80% of its hard-capped 21 million ZEC token supply has been extracted through mining. The announcement also highlighted Shielded Labs’ Network Sustainability Mechanism initiative, designed to maintain blockchain security as mining rewards progressively diminish.
At press time, ZEC was trading in the $460 to $480 range, with the $490 resistance zone representing the pivotal level for determining the next significant price movement.
Nagi Hamiyeh, president of Temasek Global Investments, said crypto investment is "still off the table" for the company as it strives to move past a substantial loss in crypto exchange FTX.
"We don't have directly any, any investment in crypto," Hamiyeh told CNBC's Sri Jegarajah on Wednesday, citing regulatory uncertainty in the sector. "I can't forecast what happens in the future, and the role that crypto is going to play in the main economy, depending on the different regulations that might happen."
For now, the company focuses on blockchain and its infrastructure, based on what the technology can do for the real economy.
Temasek's investment in the now-bankrupt FTX cryptocurrency exchange led to a writedown of $275 million in 2022, drawing much local criticism. Lawrence Wong, who was Singapore's deputy prime minister and finance minister then, called the loss "disappointing" and damaging for Singapore's reputation.
Here are the other key takeaways from the interview:
AI application over frontier modelsHamiyeh said he would bet on adoption of artificial intelligence and building commercial ecosystem around it, over pushing for frontier models, when asked what matters more for a long-term investor.
"Not every situation needs frontier models. It's all about the applications, and it's all about the companies that embrace AI and build a moat."
His longest-term wager is on the physical implementation of AI: automation, robotics and industrial process optimization. Temasek aims to lift AI exposure from 6% of its portfolio in the latest fiscal year ended March to 15% by 2031.
The AI investment cycle is still early and will run for decades, Hamiyeh added, even as valuations in parts of the sector have run ahead of fundamentals. Temasek invests across the full AI value chain, including energy infrastructure and data centers, where long-term contracts with highly rated counterparties keep risk "very, very minimal," he said.
European luxury, industrialsHamiyeh disclosed that Europe has drawn about 12 billion euros ($14 billion) of Temasek capital over the past two years, behind only the U.S.
Looking past the macro and political noise, he pointed to Europe's "right to win" in world-leading luxury, consumer brands, energy transition, and family-owned industrials in the continent, where Temasek comes in with long-term patient capital.
On the Middle East, he said the region's long-term transformation story remains intact, but the ramifications of the conflict have yet to fully play out.
"I still believe that the long-term view is there in terms of what the Middle East's role is going to be in the new bifurcated world ... however, we have to wait and see what are the ramifications of this conflict."
Practical approach on defense Pressed on whether defense contractors belong in a portfolio that emphasizes sustainability and ethical investing, Hamiyeh said Temasek takes a practical approach and won't completely rule the sector in or out.
The firm mainly looks at dual-use technologies that could be used in civilian settings, or in warfare. Biological and chemical weapons are categorically off-limits. Temasek's only exposure to the space is ST Engineering.
"We look at every investment on a stand-alone basis," said Hamiyeh, including corporate governance and their contribution to any real-world conflict.
Some breakups are forever. Four years after watching $275 million evaporate in the FTX implosion, Singapore’s state-owned investment giant Temasek Holdings has made its position on cryptocurrency crystal clear: not interested, not now, possibly not ever.
The firm, which manages a portfolio valued at roughly $521 billion as of mid-2026, has not made a single direct cryptocurrency investment since its FTX stake was written down to zero in November 2022. Instead, Temasek’s forward-looking strategy is laser-focused on artificial intelligence and infrastructure, two themes that notably do not include digital tokens.
The FTX wound that never healed To understand Temasek’s crypto aversion, you have to understand just how badly the FTX bet went. The firm invested $210 million for a roughly 1% stake in FTX International and another $65 million for about 1.5% of FTX US. That $275 million total was written down to exactly zero when Sam Bankman-Fried’s exchange imploded in spectacular fashion.
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Temasek’s defense at the time was telling. The firm clarified that it had “no direct exposure in cryptocurrencies” and characterized the FTX investment as a bet on exchange infrastructure, not on crypto itself. That distinction between “crypto infrastructure” and “crypto” has become the cornerstone of Temasek’s entire digital asset philosophy since then.
Indirect exposure, maximum caution Temasek maintains indirect exposure through holdings in blockchain and Web3 companies like Animoca Brands and Amber Group. But there’s a bright, unmistakable line between owning equity in companies that build on blockchain technology and owning the tokens themselves.
In July 2023, Temasek’s chief investment officer stated that the firm was “not looking to invest in crypto firms right now” and cited regulatory uncertainties as the primary reason. The firm’s strategy updates for 2025 and 2026 contain no mention of direct allocations to digital assets or tokens. The priorities are AI and infrastructure. Crypto didn’t make the cut.
What this means for the broader market Temasek’s CIO specifically cited regulatory uncertainty as the reason for staying away. Until governments around the world establish clear, consistent frameworks for digital assets, firms that manage public money are going to keep crypto in the “too hard” basket.
Bitcoin ETFs have attracted significant inflows, and several major financial institutions have launched digital asset products. But there’s a meaningful difference between a BlackRock ETF wrapper that gives retail investors crypto exposure and a sovereign wealth fund putting hundreds of millions directly into tokens. Temasek’s stance suggests that for the largest, most conservative pools of capital on the planet, crypto still hasn’t crossed the credibility threshold.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood’s freshly launched Layer-2 blockchain just posted the kind of debut numbers that make other chains quietly close their analytics tabs. On July 8, Uniswap recorded $500 million in 24-hour trading volume on Robinhood Chain, making it the highest-volume Uniswap deployment outside of Ethereum mainnet itself.
Robinhood Chain went live on its public mainnet around July 1-2, built on the Arbitrum technology stack with 100-millisecond block times. Uniswap deployed aggressively from day one, rolling out v2, v3, v4, and UniswapX across the new chain. Within the first week, Uniswap processed over $250 million in volume on Robinhood Chain alone.
Then came July 8, when the 24-hour volume figure surged to $500 million. The volume was largely driven by two categories: wrapped Ethereum (WETH) and memecoins. Throw in tokenized versions of equities like NVIDIA, Apple, and Google, and you’ve got one of the more eclectic order books in DeFi.
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The total value locked on the chain also crossed $100 million within that first week. Roughly $90 million of that TVL sat in Morpho’s lending protocol, suggesting that users weren’t just swapping tokens. They were actively borrowing and lending.
The chain is designed to facilitate continuous trading of tokenized real-world assets — fractional shares of big tech companies alongside crypto tokens, 24/7, without waiting for the NYSE to open. Chainlink is providing oracle infrastructure for the network, which is critical when you’re pricing tokenized equities. Morpho’s dominance in the TVL breakdown also tells a story, with nearly $90 million flowing into its lending protocol within days of launch.
Uniswap’s governance token, UNI, climbed between 11% and 14% amid the launch excitement and volume surge. In the weeks following the launch, daily trading volumes on Robinhood Chain began settling into the tens of millions, a significant step down from the half-billion-dollar peak.
The $500 million figure is eye-catching, but the more important metric to watch is where volumes and TVL settle over the next 30 to 90 days. For UNI holders specifically, the Robinhood Chain deployment adds another revenue-generating venue to Uniswap’s growing multi-chain footprint. Robinhood’s reported push into the European market suggests the company sees regulatory tailwinds abroad that could accelerate adoption further.
Regulatory scrutiny around tokenized securities remains intense in the US, and a single enforcement action could chill activity on the chain overnight. The concentration of TVL in a single protocol, Morpho, also represents a vulnerability. Investors watching this space should track whether new protocols deploy on Robinhood Chain in the coming weeks and whether the TVL diversifies beyond its current narrow base.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Primit today announced its official deployment on the Avalanche network, with the launch of Season 1: Primit × Avalanche “On-Chain Perp Frenzy” set for July 15. The 14-day trading incentive event features a total reward pool of 100,000USD equivalent in AVAX, open to all on-chain perpetual contract traders.
Strategic Significance Primit selected Avalanche as its launch chain based on its sub-second finality and minimal gas costs. For perpetual trading, every millisecond of latency impacts liquidations and position safety. Avalanche’s architecture is inherently suited for high-concurrency, low-latency DeFi scenarios, while Primit’s orderbook and funding rate mechanisms deliver a CEX-grade experience on-chain.
“We’re not simply deploying a frontend on Avalanche — we’re bringing the full perpetual infrastructure onto the chain,” the Primit team stated. “Season 1 has a clear objective: prove that on-chain perpetual trading is ready to handle professional-grade demand through real trading volume.”
Season 1 Mechanism Preview The event features four reward mechanisms covering the full spectrum from retail to professional traders:
Daily Random User Rewards: 20 users with ≥$200 daily trading volume randomly selected each day to share a $400 pool. 280 total winners over 14 days. Twitter Contributor Rewards: $3,000 pool rewarding high-quality tutorials, strategy analysis, and risk management content posted with #Primit #Avalanche. Referral Rebate Mechanism: $50,000 total pool distributed proportionally by valid referral trading volume. No individual cap. Volume Leaderboard: Top 120 traders share $37,800, with Top 1 receiving $4,000. AVAX-related pairs receive a 1.5x volume weighting multiplier. Long-Term Value: Tiered Fee Structure Primit is simultaneously launching a cumulative volume-based tiered Maker/Taker fee structure. This system will remain as a permanent platform standard after Season 1 ends, combining with Avalanche’s low gas costs to form a sustainable competitive advantage.
About Avalanche Avalanche is a high-performance, interoperable Layer 1 blockchain platform achieving high throughput and rapid finality through its unique consensus mechanism — a preferred infrastructure for DeFi and institutional-grade applications.
About Primit Primit is a next-generation on-chain perpetual contract trading platform focused on delivering low-latency, low-fee, fully transparent on-chain derivatives trading.
Event Portal: https://primit.io/ or https://app.primit.io/trade
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
When the President of the United States personally calls the President of FIFA to get a soccer player’s red card reversed, it tends to raise a few questions. When that same organization has active partnerships with major crypto platforms, those questions start to matter for a completely different audience.
On July 5, 2026, Donald Trump confirmed he contacted FIFA President Gianni Infantino to request a review of the red card issued to US striker Folarin Balogun during a World Cup match against Bosnia and Herzegovina. Balogun had been shown the card for stepping on an opponent’s ankle, which carried an automatic one-game suspension that would have sidelined him for the round-of-16 match against Belgium.
By July 6, FIFA’s disciplinary committee had lifted the ban. It was the first time a red card suspension had been reversed at a World Cup since 1962.
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The governance problem The reversal didn’t exactly go unnoticed. European politicians have initiated calls for an investigation into Infantino’s decision-making, focusing specifically on FIFA’s perceived neutrality. The US is co-hosting the 2026 World Cup alongside Canada and Mexico, which makes the optics of a sitting president successfully lobbying the governing body particularly awkward.
The intervention didn’t exactly deliver a fairy tale ending. The US went on to lose to Belgium 4-1, a scoreline that suggests Balogun’s availability wasn’t the team’s most pressing issue.
Rosie O’Donnell, the comedian and longtime Trump critic, publicly denounced the situation, expressing frustration that neither the US team nor the US Soccer Federation pushed back on what she characterized as inappropriate political interference.
Where crypto enters the picture FIFA maintains official partnerships with Kraken for exchange support and Avalanche for blockchain-based ticketing and digital collectibles. Visa’s collaboration with FIFA also involves USDC stablecoin for settlements, adding another layer of crypto integration to the World Cup ecosystem.
When a platform like Kraken or Avalanche attaches its name to FIFA, it’s borrowing from the organization’s global legitimacy. If that legitimacy comes under sustained political scrutiny, the borrowed goodwill starts to depreciate.
What this means for crypto investors Avalanche’s blockchain ticketing and collectibles initiative depends on continued FIFA partnership stability. If investigations into FIFA’s governance practices gain momentum, those partnerships could face renegotiation, public backlash, or both. The same logic applies to Kraken, which has been using its FIFA relationship as a brand-building tool in a competitive exchange landscape.
The broader concern is regulatory spillover. European politicians who are already skeptical of crypto don’t need much encouragement to expand governance investigations into adjacent financial partnerships. If FIFA’s crypto deals get pulled into a wider inquiry about the organization’s decision-making integrity, the scrutiny could create headwinds for projects that were counting on World Cup exposure to drive adoption.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Avalanche’s native token AVAX is navigating a crucial threshold, trading around $6.37 following a 4.68 percent drop within the last 24 hours. In the short term, market watchers are closely tracking resistance at $6.68 and support at $6.10 as AVAX’s price action tightens.
Key technical thresholds in focusAVAX remains under its 50 day moving average at $7.33 and its 200 day moving average at $9.55. This sustained position below both significant metrics suggests the downward trend is intact when viewed over a broader time frame. Although there was a short term recovery from lows seen in June, momentum on the buyers’ side appears muted.
The $6.68 resistance has become the market’s focal point. Should AVAX surpass this level, bulls may seek a move up toward the 50 day moving average at $7.33. On the other hand, if the price slips beneath $6.10, the psychologically important $6.00 support could be retested.
In the short run, $6.68 stands as a decisive resistance for AVAX; breaking above could open up space toward $7.33, while dropping below $6.10 could intensify pressure on the asset.
Stable positioning in derivatives marketsWhile the spot market remains pressured, derivatives are displaying a more balanced outlook. The total open interest hovers near $250 million, indicating that most investors are holding on to their positions instead of making rapid exits during bouts of volatility.
Additionally, the On Balance Volume (OBV) indicator has stabilized around 316.8 million, implying that some of the selling pressure has subsided. Still, there is scant evidence of sustained buying interest. For AVAX to mount a stronger upward push, a clear increase in demand will be needed.
Glossary: Open interest refers to the total value of outstanding contracts in futures and similar derivative products. On Balance Volume is a technical indicator that combines price with trading volume to track the buying and selling pressure behind a trend.
Avalanche highlights real world use casesAvalanche, designed for high scalability, recently emphasized the rising adoption of tokenized assets in emerging markets. The network pointed to more than 1,500 fintech companies across Latin America and Asia Pacific that are exploring this technology as a means of offering better financial products.
Avalanche noted that crypto adoption progresses more rapidly in regions with higher financial friction, and companies aim to deliver better digital services via blockchain without users being aware of the underlying technology.
In its statement, the network underlined its goal of offering enhanced digital experiences where customers need not know that blockchain is running behind the scenes. This approach highlights Avalanche’s strategic vision: focusing on real world utility and making financial infrastructure essentially invisible to end users.
Short term outlook tied to trading volumeIn the current scenario, any significant improvement in the short term picture hinges on AVAX breaking through the $6.68 resistance with strong trading volume. Should this occur, a move to $7.33 could quickly come back into play. If not, the threat of dropping below $6.10 will linger.
While adoption news on the Avalanche network supports its long term narrative, the near term price movements are likely to remain tethered to technical levels. As a result, market participants are focusing on both reactions at resistance and accompanying shifts in trading volume.
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.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Hyundai Card just pulled off something that usually takes banks days to fumble through. The financial arm of Hyundai Motor Group completed a real stablecoin-based intercompany settlement on the Avalanche blockchain, moving $20,000 in USDT between Hyundai Motor subsidiaries in the US and Mexico. The whole thing took an average of seven minutes.
For context, traditional cross-border wire transfers between corporate entities can take anywhere from one to five business days, involve multiple intermediary banks, and rack up fees at every hop.
How the remittance layer works The proof-of-concept, completed on July 9, brought together four key players: Hyundai Card, Tether, blockchain infrastructure firm Axiym, and Ava Labs, the team behind Avalanche. Here’s the basic flow: $20,000 USD was converted into Tether’s USDT stablecoin and routed across borders on Avalanche’s network to settle obligations between Hyundai Motor’s overseas branches.
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This wasn’t a sandbox experiment with fake money. The trial involved actual intercompany settlements, real funds moving between real subsidiaries.
Axiym, the less familiar name in the group, served as the bridge connecting traditional payment rails to blockchain-based settlement.
Why a card company leading this matters This is reportedly the first stablecoin remittance initiative led by a card company. Hyundai Card isn’t some fintech startup experimenting with blockchain for a press release. It’s a subsidiary of Hyundai Motor Group, a conglomerate with a market presence spanning dozens of countries.
What comes next Hyundai Card isn’t stopping at the US-Mexico corridor. A follow-up trial is planned for the end of July 2026, this time involving European subsidiaries. The European test could be even more interesting because it may integrate local currencies, Circle’s USDC stablecoin, and Visa into the framework.
The broader ambition appears to be integrating stablecoins into Hyundai Motor Group’s treasury management operations globally.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Vlad Tenev is not exactly known for posting crypto tutorials. So when the Robinhood CEO personally shared a guide walking users through how to move assets from Solana onto Robinhood Chain, it was a signal worth paying attention to.
The move comes just weeks after Robinhood Chain’s public mainnet went live on July 1, 2026.
What bridging actually looks like The Robinhood Wallet now supports bridging from Solana, Ethereum, and Arbitrum directly within the app, collapsing what used to be a multi-tab, multi-wallet operation into a single interface.
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The specific flow Tenev highlighted involves transferring USDC from Solana and receiving USDG on the other end. USDG is a Paxos-issued stablecoin native to Robinhood Chain, and the bridging runs through Across, a cross-chain transfer protocol. In plain terms: you put dollars in on the Solana side, and spendable stablecoin comes out on Robinhood’s chain, ready to use for trading tokenized equities or other on-chain activity.
That last part matters. This isn’t bridging for bridging’s sake. The destination has actual financial products attached to it, including tokenized stock tokens for companies like NVDA, GOOG, and AAPL, all priced using Chainlink’s decentralized oracle network.
What Robinhood Chain actually is Robinhood Chain is an Ethereum-compatible Layer 2 built on the Arbitrum stack, running under Chain ID 4663 with block times around 100 milliseconds. For context, Ethereum’s mainnet produces a block roughly every 12 seconds. Robinhood Chain is moving about 120 times faster.
The mainnet launched alongside a partnership with Uniswap, which provides decentralized trading infrastructure, and Chainlink, which feeds reliable price data for tokenized equities on-chain.
World, a prediction market platform that previously operated on Solana, is also migrating to Robinhood Chain.
Why this matters for retail investors Coinbase launched its own Layer 2, Base, in 2023, and it has grown into one of the more active chains in the ecosystem. Robinhood is entering that same category of exchange-backed L2s, but with a sharper focus on tokenized equities rather than general-purpose DeFi.
By welcoming assets from Solana, Ethereum, and Arbitrum rather than demanding users start fresh, Robinhood is lowering the cost of trying the chain. You don’t have to abandon wherever you already are. You just move some USDC over and see what the products feel like.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@world_xyz, the on-chain prediction market that went live on @solana inside @phantom on July 1, posted this week that it is migrating off the chain for @RobinhoodCrypto Chain after what it described as "careful deliberation from the team in the last 24 hours."
Take it with a pinch of salt. The claim rests on a single post with no confirmation from Robinhood, it landed just seven days after the Solana launch, and the account has a well-documented taste for meme-cult trolling. Real pivot or the year's cleanest bandwagon troll? That question is still open.
What World actually built on SolanaWorld launched on July 1, available at world.xyz and within the Phantom wallet on iOS, Android, and desktop. The platform is non-custodial, meaning funds only move when a user enters a market, and all positions, settlement, and redemptions occur on-chain.
Chainlink provides World's oracle infrastructure through Chainlink Data Streams and the Chainlink Runtime Environment, a setup designed to enable automatic payouts and reduce reliance on human-led resolution. World uses Phantom's CASH stablecoin as its settlement currency, allowing winning positions to be redeemed automatically inside the Phantom wallet.
At launch, World offers Bitcoin price contracts and 2026 FIFA World Cup markets, with additional sports, politics, and macroeconomic markets planned in the weeks ahead. CoinDesk also reported that the Phantom integration is the first of several frontend distribution partnerships World plans to activate across traditional fintech and crypto platforms in July.
Why Robinhood Chain is suddenly a talking pointThe timing is not entirely random. Robinhood launched the public mainnet of Robinhood Chain on July 1, a Layer 2 blockchain built on the Arbitrum platform and connected directly to the firm's on-chain user base. The network is designed for financial services and real-world assets, with Chainlink serving as its official data and cross-chain oracle infrastructure.
The launch drew significant attention across crypto circles, making it an obvious target for anyone looking to ride the news cycle. Robinhood has steadily expanded beyond stocks and spot crypto trading into tokenized equities, perpetual futures, and event contracts, which means a genuine integration between World and Robinhood Chain is not completely implausible. But there is nothing on record from Robinhood to support the claim, and the framing of the original post, rushed deliberation in 24 hours and a chain switch one week in, reads more like performance than strategy.
Until Robinhood confirms any partnership, this sits firmly in the unverified column.
Sources
CoinDesk: Mysterious Solana Project World Unveiled as Fully Onchain Prediction Market
CoinMarketCap: Solana Prediction Market World Launches Inside Phantom Wallet
Robinhood Newsroom: Robinhood Chain Mainnet Launch
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Grayscale, a leading digital asset investment firm, highlighted 8 crypto with the most important narratives shaping the market today. Each asset carries a distinct story driving adoption, developer activity, and investor interest.
Here is a closer look at each narrative, its current price, and how far it sits from its all-time high.
Every asset has its narrative:$BTC → Digital money$ETH → World Computer $XRP → Global payments$SOL → High performance $HYPE → Onchain trading 24/7$LINK → Tokenization & oracles$SUI → Next gen infrastructure$AVAX → Mass customization
— Grayscale (@Grayscale) July 8, 2026 What the 8 Grayscale Crypto Narratives Actually MeanEach crypto carries a distinct narrative, from Bitcoin’s digital money to Ethereum’s world computer, driving adoption and investor interest across the market.
Bitcoin (BTC) – Digital MoneyBitcoin remains the original narrative of decentralized digital money and a hedge against fiat debasement. Its fixed supply and growing institutional adoption through ETFs and corporate treasuries reinforce its role as a store of value.
Furthermore, it anchors the entire crypto market as the reserve asset. BTC trades around $62,000, roughly 51% below its all-time high near $126,000, yet long-term conviction stays strong.
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Bitcoin (BTC) Price Performance. Source: BeInCryptoEthereum (ETH) – The World ComputerEthereum powers smart contracts and decentralized applications, earning it the title of the programmable world computer. Its dominant DeFi and NFT ecosystems, combined with staking and Layer-2 scaling, sustain relevance despite fierce competition.
Moreover, ongoing upgrades and institutional flows continue to support the network. ETH trades near $1,732, about 65% below its all-time high close to 4,878 dollars from the 2025 cycle.
Ethereum (ETH) Price Performance. Source: BeInCryptoXRP – Global PaymentsRipple’s XRP focuses on fast, low-cost cross-border payments for financial institutions. Regulatory clarity in the United States has meaningfully boosted its utility and adoption potential.
As a result, banks and payment providers increasingly view it as a viable settlement infrastructure. Trading around $1.09, XRP sits roughly 72% below its all-time high near $3.84, with upside tied to expanding payment adoption.
XRP Price Performance. Source: BeInCryptoSolana (SOL) – High PerformanceSolana stands out for its high-throughput blockchain, enabling fast, cheap transactions ideal for memecoins, DeFi, and consumer apps. Despite past network outages, its ecosystem continues to expand through new projects and institutional interest.
Furthermore, ETF launches and treasury strategies have added fresh demand. SOL trades near $77, about 74% below its all-time high of $293, yet developer activity remains consistently strong.
Solana (SOL) Price Performance. Source: BeInCryptoHyperliquid (HYPE) – Onchain Trading 24/7Hyperliquid powers a high-performance Layer-1 optimized for decentralized perpetual futures and spot trading. It has captured a major share of the on-chain derivatives market while generating substantial real revenue.
Moreover, consistent fee buybacks remove tokens from circulation, increasing scarcity and supporting the price. HYPE trades near $67, only about 13% below its all-time high of $76.70, showing remarkable resilience versus peers.
Hyperliquid (HYPE) Price Performance. Source: BeInCryptoChainlink (LINK) – Tokenization and OraclesChainlink provides essential oracle services, connecting blockchains to real-world data and powering the tokenization of assets. As real-world asset tokenization gains traction across finance, its role in infrastructure becomes increasingly critical.
Furthermore, partnerships with major banks strengthen its long-term positioning. LINK trades near $7.59, roughly 85% below its all-time high close to $53, but is positioned for RWA-driven growth.
Chainlink (LINK) Price Performance. Source: BeInCryptoSui (SUI) – Next-Generation InfrastructureSui offers a high-speed, object-centric blockchain designed for scalability in gaming, DeFi, and next-generation applications. Its performant architecture has attracted meaningful developer interest as an alternative to older networks.
Moreover, its technical foundations remain strong despite recent price weakness. SUI trades near $0.70, about 87% below its all-time high of around $5.35, reflecting the broader altcoin correction.
Sui (SUI) Price Performance. Source: BeInCryptoAvalanche (AVAX) – Mass CustomizationAvalanche enables custom subnets for tailored blockchain solutions, appealing to enterprises and specialized use cases. This flexibility supports mass adoption across gaming, finance, and institutional sectors seeking dedicated infrastructure.
Furthermore, subnet-driven growth offers a distinct path toward real-world deployment. AVAX trades around $6.42, roughly 95% below its all-time high near $146, with recovery tied to institutional adoption.
Avalanche (AVAX) Price Performance. Source: BeInCryptoGrayscale’s emphasis comes as the crypto market transitions toward fundamentals such as usage, revenue, and regulatory clarity. Most assets fell sharply from their 2025 peaks. However, their distinct value propositions position them for potential recovery, provided execution follows the narrative.
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Robinhood CEO Vlad Tenev has sparked mixed community reactions after he pushed the newly launched Ethereum L2, Robinhood Chain, as a great option for memecoin activity. Initially positioned as focused on real-world assets (RWA) tokenization, his openness to trying memecoins was met with strong criticism and little support.
While we’re building Robinhood Chain to be the best chain for RWA … it works great for memes too.
Some venture capitalists in the sector slammed the move, questioning the viability of another Ethereum L2. Simon Dedic of Moonrock Capital retorted,
Just another L2 that offers no real value over the existing ones is exactly what we were missing. But hey, you can trade memes on it too. Someone tell Vlad it’s not 2024 anymore.
Some even drew comparisons to Coinbase CEO Brian Armstrong, whose centralized platform has been slow to list memecoins. However, for Base, the L2 has been onboarding some memecoins.
For perspective, Solana became a key spotlight at the early stage of this current market cycle because of the memecoin mania, driven by PumpFun.
Unfortunately, retail investors incurred heavy losses, and some became scam victims. Memecoin issuers like Trump-affiliated World Liberty Financial pocketed most of the gains. So, it’s understandable why some hate memecoins.
Can Robinhood L2 dominate memecoin activity? Still, memecoins command blockchain activity. Besides, they are the best way to gain market share, especially for a new chain like Robinhood Chain.
For perspective, memecoin activity accounts for 40%-50% of the total trading volume across Solana and BNB Chain. Apart from Ethereum, Solana and BNB Chain are some of the top chains by total value locked (TVL).
Source: Dune In fact, Base has also been ranking fourth in terms of memecoin dominance with less than a 2% market share.
In other words, Tenev may be betting on memecoins to catch up with his rivals and has been onboarding even new DEX platforms. Surprisingly, the hype seems to be working, at least after his post went viral.
For example – Cash Cat [CASHCAT] and 4663, two of the memecoins on Robinhoood Chain, have exploded by 1100% and 800% in the last 24 hours as traders rushed to bridge into the L2.
Amid the FOMO, the L2 saw its TVL grow 10x in less than a week from $10M to $105M. Similarly, DEX volumes increased from $10M to $52M, further underscoring the growing traction.
Source: DeFiLlama It remains to be seen whether the traction will be sustainable and help rival Base and other top chains.
Final Summary Robinhood CEO wants its new L2 to dominate RWA and memecoins Memecoin mania has sparked traction on the Robinhood Chain, driving activity by 10X
South Korea's dominant fintech platform eyes on-chain settlementToss (@toss__official), the financial super-app operated by Viva Republica, has signed a memorandum of understanding with @Optimism and privacy technology firm Sunnyside Labs to explore a Korean won-backed stablecoin built on the OP Stack. The collaboration will begin with a three-month proof of concept evaluating whether the OP Stack can support the compliance, privacy, and performance requirements needed for regulated financial institutions.
Launched in 2015, Toss has grown into South Korea's largest fintech platform, offering payments, banking, investments, credit scoring, ID verification, tax, and insurance. The super-app surpassed 30 million users as of July 2025, representing nearly 60% of South Korea's total population. The scale of that user base makes the pilot notable: a successful launch would place a won-denominated stablecoin in front of one of the largest consumer fintech audiences in Asia.
The proof of concept will focus on three key validation points: whether financial institutions can directly control payment and settlement processes, whether KYC and AML requirements can be technically implemented, and whether individual transaction information can be securely protected on a public network.
Privacy, compliance, and the road to a real productThe companies will evaluate payment settlement, compliance requirements, and privacy protection using Optimism's OP Stack and Sunnyside Labs' Privacy Boost technology. Privacy Boost is designed to address a key limitation of public blockchains, where transaction details are generally visible to all participants. The technology allows sensitive financial data to remain private while still enabling regulated institutions to verify transactions and maintain compliance standards.
The work fits into Toss's "Money 3.0" strategy, which aims to build payment and remittance rails on top of stablecoins instead of relying only on bank transfers. The firm has already registered 24 trademarks for KRW stablecoins, including names such as "TOSSKRW," and is developing a Web3 wallet inside its super-app to deliver on-chain services to regular users.
The pilot is not a product launch. Three months is a short window for a proof of concept, and the gap between technically feasible and regulatorily approved can be measured in years in South Korea. No regulatory approvals have been granted, and no specific token issuance details have been disclosed. The initiative follows similar moves from other South Korean financial institutions, including Shinhan Card, which teamed with the Solana Foundation in late April to test the commercial feasibility of stablecoin payments.
Over the past year, the OP Stack has also been selected by Bitpanda for its MiCA-compliant blockchain in Europe, adopted by Kraken through its Ink network, and used by Mitsui and Co. Digital Commodities in Japan for tokenized precious metals, signalling growing institutional appetite for the infrastructure beyond the decentralized finance sector.
Sources
crypto.news: South Korean super-app Toss partners with Optimism for won-linked stablecoin trial
The Asia Business Daily: Toss Partners with Optimism and Sunnyside Labs to Validate Won-Based Digital Financial Infrastructure
The Korea Herald: 6 in 10 South Koreans use Toss app
South Korea’s most popular financial super-app just took a meaningful step toward putting everyday payments onchain. Optimism, the Ethereum Layer 2 network, signed a memorandum of understanding on July 8 with Viva Republica, the company behind Toss, and Sunnyside Labs, a privacy-focused developer, to explore blockchain-based payment infrastructure for Toss’s massive user base.
The deal kicks off a three-month proof-of-concept that will test a Korean won-pegged stablecoin built on the OP Stack. If it works, it could put onchain rails underneath one of Asia’s most widely used fintech platforms, one that serves up to 30 million users and connects to more than 500,000 merchants.
What the partnership actually involves The proof-of-concept has three core components. First, the OP Stack will serve as the blockchain backbone, handling transaction throughput and interoperability. Second, a KRW-pegged stablecoin will be tested as the payment medium, though the specific token model hasn’t been disclosed yet. Third, Sunnyside Labs will deploy its Privacy Boost technology to handle KYC and AML compliance.
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South Korea’s financial regulatory environment is among the most stringent in Asia. Any stablecoin or crypto payment product that wants to operate at scale there needs to demonstrate institutional-grade compliance from day one. Privacy Boost is designed to let users transact onchain while still satisfying identity verification requirements.
Toss is hedging its blockchain bets Just a month before signing with Optimism, Toss Bank entered into a separate MOU with the Solana Foundation in June 2026 to explore remittance applications. Toss appears to be running parallel experiments across multiple blockchain ecosystems, with Solana’s use case focused on cross-border money movement rather than domestic payments.
The stablecoin ambitions aren’t new either. Toss reportedly signaled interest in issuing a stablecoin as early as March 2026. The Optimism MOU gives that ambition a concrete technical framework and a compliance partner in Sunnyside Labs.
What this means for investors If this PoC succeeds, Optimism gains a pathway to onboarding millions of non-crypto-native users through an app they already trust with their money. Toss’s merchant network of over 500,000 businesses means this isn’t just about user wallets — it’s about point-of-sale integration.
The risk side is straightforward. Regulatory clearance for stablecoin issuance in South Korea is far from guaranteed. An MOU is a statement of intent, not a product launch. The three-month timeline means results won’t arrive until late 2026, and even a successful PoC would need further regulatory approvals before any consumer-facing deployment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB Chain launched the BNB Agent Studio on July 1, 2026, and the pitch is simple: any developer, with a single prompt, can spin up a fully autonomous on-chain AI agent in 15 minutes or less. That’s down from what previously took days or weeks of work.
The platform is backed by a trio of significant partners. Amazon Web Services is contributing through its Generative AI Innovation Center, Trust Wallet is handling wallet integrations, and PieVerse is providing infrastructure for AI Gateways and payment rails.
What BNB Agent Studio actually does The platform integrates AWS Bedrock AgentCore, which is Amazon’s managed cloud runtime for AI agents. Developers can build and run agents without needing to manage servers, and without needing prior Web3 expertise.
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On the blockchain side, agents get decentralized identities through a standard called ERC-8004, plus self-managed wallets. This means an agent can hold funds, initiate transactions, and operate persistently across the BNB Smart Chain without a human sitting in the loop for every action.
Over 120,000 agents have already been created on BNB Smart Chain before the Studio launched.
The partnership stack and what each piece contributes AWS Bedrock AgentCore removes one of the biggest friction points in Web3 development: the requirement that builders understand both AI systems and blockchain architecture simultaneously. By abstracting the blockchain complexity into a managed runtime, the Studio opens the door to AI developers who would otherwise never touch a chain deployment.
Trust Wallet’s integration handles key-management and transaction-signing for autonomous agents. PieVerse handles AI Gateways and payment infrastructure, letting agents communicate across the blockchain and process payments without human intervention. The combination of persistent identity (ERC-8004), a secure wallet (Trust Wallet), and payment infrastructure (PieVerse) creates a complete stack for agents operating at scale.
On July 7, 2026, BNB Chain pushed an update adding CoinMarketCap data access through Binance Pay’s B402 integration. BNB Chain has committed to bi-weekly updates to the Studio.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
If you’ve ever placed a trade on a decentralized exchange and noticed the price mysteriously moved against you right before execution, congratulations: you’ve been MEV’d. Miner extractable value, or MEV, is the blockchain equivalent of someone cutting in front of you at the deli counter, except they also somehow make you pay more for your sandwich.
Injective, a Layer 1 blockchain built on the Cosmos SDK, has positioned itself as the first and only L1 to natively resist these attacks on mainnet. The protocol’s core defense mechanism is something called Frequent Batch Auctions, and it fundamentally changes how transaction ordering works.
How Injective actually blocks MEV Injective’s approach attacks this problem at the infrastructure level. Instead of processing transactions one by one in the order they arrive, the protocol batches them together at fixed intervals. Think of it less like a first-come-first-served line and more like a sealed-bid auction where everyone submits their orders simultaneously.
The system uses a threshold-encrypted mempool, which means pending transactions are encrypted and invisible to would-be extractors until they’re processed. Combined with an on-chain order book, this architecture removes the informational advantage that MEV actors typically enjoy.
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This isn’t a bolt-on solution or a Layer 2 workaround. It’s baked into the protocol’s consensus layer, which is what makes the “first MEV-resistant L1” claim meaningful rather than marketing fluff.
The EVM upgrade and ecosystem expansion On November 10-11, 2025, the protocol launched its native EVM mainnet upgrade, bringing over 30 decentralized applications online from day one. The upgrade allows Ethereum-compatible applications to run on Injective while preserving all of the existing MEV-resistant infrastructure.
The protocol also claims approximately 25,000 transactions per second with sub-second block finality, built on Tendermint consensus. For context, Ethereum’s base layer processes roughly 15-30 transactions per second, though Layer 2 solutions significantly increase that capacity.
Injective’s model also eliminates gas fees for users, which removes a significant barrier to adoption, particularly for high-frequency trading applications where gas costs can eat into margins quickly.
Why MEV resistance matters more than you think MEV isn’t a niche problem. Research from Flashbots has previously shown that MEV extraction on Ethereum alone has amounted to hundreds of millions of dollars. The victims are almost always regular traders, not the sophisticated actors running the bots.
Injective’s Frequent Batch Auction model represents one approach to solving this at the protocol level. Other chains have experimented with MEV mitigation strategies, including Flashbots’ MEV-Share on Ethereum and various fair ordering solutions, but Injective’s claim rests on being the first to implement native resistance directly in a Layer 1’s architecture.
Since at least 2023, the project has branded itself as the “first and only MEV resistant L1,” a message it has consistently reinforced through 2025 and into 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Moonwell, the decentralized lending protocol, has put forward a governance proposal to formally wind down its operations on the Moonbeam network before the chain shuts down entirely on July 31, 2026. The proposal, designated MIP-M45, is currently live for on-chain voting.
What MIP-M45 actually does The proposal lays out a structured plan to withdraw protocol reserves from several Moonbeam markets, including GLMR, xcDOT, USDC, FRAX, and ETH. Those funds would be transferred to a Foundation-designated wallet specifically aimed at settling any bad debts remaining in the system.
Beyond the reserve withdrawal, Moonwell plans to halt all new supply and borrowing activity on Moonbeam.
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Existing users still have positions open on Moonbeam, and the message from Moonwell is pretty clear. Close your positions and withdraw your funds before the deadline, or risk losing access to those assets entirely once the chain goes offline.
To nudge users toward the exit, collateral factors across Moonbeam markets will be reduced.
The bigger picture: Moonbeam’s shutdown and GLMR migration Moonbeam’s parachain operations are being fully sunset by July 31, 2026. As part of that process, the GLMR token is migrating at a 1:1 ratio to an ERC-20 token on the Base network. A new bridge is expected to remain operational through the end of the month to facilitate the transition.
This isn’t the first time Moonwell has gone through this exercise. The protocol fully deprecated its deployment on Moonriver back on January 29, 2026, after Chainlink pulled its oracle support from that network.
Governance for Moonwell was migrated from Moonbeam to Ethereum mainnet on May 21, 2026. Just eight days later, on May 29, new lending markets on Ethereum were proposed.
What this means for investors If you have any positions open on Moonwell’s Moonbeam deployment, the clock is ticking. Assets remaining on Moonbeam after the July shutdown may become permanently inaccessible.
For GLMR holders, the 1:1 token migration to Base needs to happen before the bridge closes. The bridge is only expected to remain operational through the end of July, which creates a tight timeline for anyone holding GLMR on the original chain.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aptos just posted its biggest single-day transaction count of the quarter. The Layer-1 blockchain processed over 16 million transactions in a single day in early July, a number that doubles as evidence that its April governance overhaul is doing exactly what it was designed to do.
That governance upgrade was, frankly, a big deal. Aptos raised gas fees tenfold, instituted a hard supply cap of 2.1 billion APT, cut staking rewards, and mandated that 100% of transaction fees be burned. The Aptos Foundation also permanently locked 210 million APT.
The numbers behind the milestone Despite the tenfold gas fee increase, average transaction costs held at $0.0005.
In June 2026, Aptos recorded 83.7 million transactions in a single week, its strongest weekly performance of the year.
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The token burn numbers are becoming material. In the 30 days leading up to this report, 235,200 APT were burned. Since the mainnet launched in October 2022, cumulative burns have reached 1.4 million APT.
Monthly emissions from staking sit at roughly 1.6 million APT. The current burn rate is offsetting approximately 15% of that.
Staking rewards were also trimmed as part of the April upgrade, coming down to approximately 2.6%.
Why the governance changes matter beyond the headline The April 2026 upgrades essentially borrowed a page from Ethereum’s EIP-1559 playbook, where base fees are burned rather than paid to validators or a treasury, creating a direct mechanical link between network demand and token supply reduction.
The hard cap of 2.1 billion APT puts a ceiling on total supply that did not exist before. Combined with the Foundation’s decision to permanently lock 210 million APT, the circulating supply trajectory has changed in a way that is difficult to reverse.
Aptos launched its mainnet in October 2022 with a Move programming language and a parallel transaction execution model. The April governance vote addressed the economic side of that equation.
What investors should watch from here Monthly emissions of 1.6 million APT remain higher than the current burn rate, meaning the net supply is still growing. The crossover point, where burns exceed new issuance, depends entirely on sustained or growing transaction volumes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
One App, Two Asset ClassesSouth Korea's largest independent financial group, Mirae Asset (@MiraeAsset_IN), has set its sights on tokenized stocks and bonds. The group wants those products trading on its new Hong Kong platform within three years, sitting alongside conventional assets inside a single mobile app.
The vehicle is MAPS, short for Mirae Asset Portfolio Service. Mirae Asset's Hong Kong unit launched the platform on June 27, giving users a unified interface for both equities and digital assets. The rollout follows a regulatory green light: Hong Kong's Securities and Futures Commission granted Mirae Asset's local unit a retail digital asset licence in April, clearing the way for the firm to offer crypto trading services to individual investors. Tokenized products are flagged as the next phase, with Hong Kong serving as the testbed before any wider rollout.
The ambitions stretch beyond the city. Mirae Asset plans to expand MAPS to the United States, Korea, Japan and Singapore, and also intends to add AI-powered wealth management tools. Founding Chairman Park Hyeon-joo attended the Hong Kong launch in person, calling it "the first step toward the next 20 years of Mirae Asset Hong Kong."
The Hard Part: Getting Investors to Actually TradeMirae Asset is entering a market that Hong Kong has been carefully preparing. As of March 2026, Hong Kong had 13 publicly offered tokenized products with total assets under management of roughly HK$10.7 billion (approximately US$1.4 billion), a sevenfold increase from the previous year. In April, the SFC went further, permitting secondary trading of authorised tokenized investment products on licensed virtual asset platforms.
The regulatory groundwork is real, but history offers a note of caution. Established tokenized-market infrastructure projects, including SIX's SDX exchange in Switzerland and Singapore's ADDX, have demonstrated that building the technical rails is the straightforward part. Attracting consistent trading volume from real investors has proved far more difficult. Mirae Asset has a retail distribution network and an established brand across Asia, which gives it more traction than a standalone exchange. Whether that is enough to drive meaningful liquidity in tokenized equities and bonds within its three-year window remains the central question.
Sources:
Mirae Asset launches global investment platform MAPS in Hong Kong, Korea Herald
Mirae Asset Securities enters Hong Kong's retail digital asset market, UPI
Hong Kong expands digital asset ecosystem with tokenization push, Crypto Briefing
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Yesterday, the total net inflow into U.S. Ethereum spot ETFs stood at $70.5 million.
According to Farside's monitoring, U.S. Ethereum spot ETFs recorded a total net inflow of $70.5 million yesterday, among which Fidelity's FETH had a net inflow of $69.2 million.
14 minutes ago
Goldman Sachs: China's AI has become one of the most notable growth narratives in today's tech sector.
In the report titled "Investment Strategy: Long China's AI Value Chain", Goldman Sachs analyst Louis Mille wrote: "China's AI industry has officially come into our focus." This is attributed to "an unprecedented combination of massive state support, surging global demand, and structural capital rotation, which has made China's AI one of the most compelling growth stories in today's tech sector." Goldman Sachs put forward three key points to support its investment thesis: a severe mismatch between the market capitalization of Chinese AI firms and their market potential, leaving ample valuation upside; China's AI industrial chain has unique competitive advantages undervalued by the market; and the Chinese AI sector has outperformed other Chinese assets, with capital being structurally incrementally allocated to it.
14 minutes ago
For the first time, the US Federal Reserve has listed AI investment as one of its three major inflation risks.
The Federal Reserve released its meeting minutes on Wednesday, with officials at last month’s gathering generally agreeing they would need to raise interest rates if inflation remains persistently high this year. At the same time, they also concurred that rates could be held steady if upward price pressures fade quickly. Notably, Nick Timiraos—known as the “New Fed Wire” reporter—spotted an interesting detail in the documents: Fed officials are increasingly focusing on an inflation driver barely mentioned in debates just months ago: the boom in AI investment. Per the minutes, this is categorized as one of three key forces pushing inflation higher, alongside the Middle East conflict and tariffs—factors that could keep prices elevated and prompt the Fed to pivot to rate hikes. The minutes, released three weeks behind schedule, reflect growing concerns over inflation outlooks. More officials pointed out that robust business investment in AI infrastructure is a new force that could sustain price pressures. The minutes noted: “Several participants commented that price pressures have become more broad-based, with a large share of goods and services… experiencing significant increases.”
14 minutes ago
Sony plans to launch its stablecoin issuance business in 2027, having secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
Sony has obtained conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. The company plans to launch its subsidiary Connectia Trust this month, with an aim to kick off U.S. dollar-denominated stablecoin issuance and management operations in 2027.
14 minutes ago
Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $84.9 million.
According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded total net outflows of $84.9 million yesterday, with BlackRock’s IBIT alone seeing total net outflows of $59.1 million.
14 minutes ago
10% of fees from Robinhood Chain and other Arbitrum Layer 2 (L2) networks will be allocated to the Arbitrum ecosystem, while 8% will flow to the token holders' treasury.
Offchain Labs co-founder Steven Goldfeder stated that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 (L2) networks will flow to the Arbitrum ecosystem. Of that total, 8% will go to a treasury controlled by ARB token holders, while 2% will be earmarked for development funding. This mechanism gives the ARB token holder treasury a steady revenue stream, with the relevant funds potentially used for ecosystem grants, token buybacks, or staking rewards in the future. Should Robinhood Chain’s trading volume continue to grow, it could further strengthen the Arbitrum ecosystem’s revenue-generating capacity.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Every Layer 2 chain built with Arbitrum’s technology that settles outside of Arbitrum One or Nova will now kick back 10% of its net protocol revenue to the Arbitrum ecosystem. That includes Robinhood Chain, which just launched its own Ethereum L2 using the Arbitrum tech stack.
The split works out to 8% flowing into the Arbitrum DAO treasury and 2% going to the Arbitrum Developer Guild.
How the Arbitrum Expansion Program works The revenue-sharing arrangement falls under what Offchain Labs calls the Arbitrum Expansion Program, or AEP. It applies specifically to chains that leverage Arbitrum’s tech stack but settle transactions on blockchains other than Arbitrum One or Nova.
The revenue subject to sharing comes from sequencer profits, the fees generated by the entity responsible for ordering and processing transactions on the chain. If a chain adopts Timeboost, Arbitrum’s mechanism for capturing maximal extractable value (MEV), those revenues could also fall under the sharing arrangement.
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Robinhood Chain’s early traction Robinhood Chain is the highest-profile chain operating under this model, and its early numbers suggest the revenue share could actually mean something. The chain processed 4 million transactions during its first week of mainnet operation.
Uniswap was among the partners integrated from day one, giving the chain immediate DeFi liquidity infrastructure. The chain launched its public testnet on February 10, 2026, before transitioning to a full public mainnet. Robinhood’s path to this moment involved an earlier phase where the company deployed tokenized US stocks and ETFs on Arbitrum One in 2025.
Offchain Labs, co-founded by Steven Goldfeder and Ed Felten, provided technical support for Robinhood Chain’s development. Goldfeder has emphasized the technology’s readiness for enterprise-grade applications.
The bigger picture for Arbitrum’s business model The 8% directed to the DAO treasury and the 2% allocated to the Developer Guild create direct incentives for the people actually building and maintaining the technology, tying compensation to ecosystem-wide revenue growth in a way that one-time grants do not.
What this means for investors For ARB token holders, the revenue-sharing model introduces a concrete value accrual mechanism tied to ecosystem growth. Every new chain that launches on the Arbitrum stack feeds revenue back into the DAO treasury that ARB holders govern.
The competitive landscape matters here too. Optimism’s Superchain model takes a similar approach with its OP Stack, collecting revenue from chains like Base (Coinbase’s L2). Arbitrum’s AEP is a direct response, ensuring that the proliferation of Arbitrum-based chains doesn’t become a value extraction problem where Offchain Labs benefits but the broader ecosystem doesn’t.
Robinhood’s evolution from deploying tokenized assets on Arbitrum One to launching its own dedicated chain sets a template that other fintech companies could follow, with Robinhood Chain’s 4-million-transaction first week as an early indicator of volumes flowing through these chains.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Yesterday, the total net inflow into U.S. Ethereum spot ETFs stood at $70.5 million.
According to Farside's monitoring, U.S. Ethereum spot ETFs recorded a total net inflow of $70.5 million yesterday, among which Fidelity's FETH had a net inflow of $69.2 million.
14 minutes ago
Goldman Sachs: China's AI has become one of the most notable growth narratives in today's tech sector.
In the report titled "Investment Strategy: Long China's AI Value Chain", Goldman Sachs analyst Louis Mille wrote: "China's AI industry has officially come into our focus." This is attributed to "an unprecedented combination of massive state support, surging global demand, and structural capital rotation, which has made China's AI one of the most compelling growth stories in today's tech sector." Goldman Sachs put forward three key points to support its investment thesis: a severe mismatch between the market capitalization of Chinese AI firms and their market potential, leaving ample valuation upside; China's AI industrial chain has unique competitive advantages undervalued by the market; and the Chinese AI sector has outperformed other Chinese assets, with capital being structurally incrementally allocated to it.
14 minutes ago
For the first time, the US Federal Reserve has listed AI investment as one of its three major inflation risks.
The Federal Reserve released its meeting minutes on Wednesday, with officials at last month’s gathering generally agreeing they would need to raise interest rates if inflation remains persistently high this year. At the same time, they also concurred that rates could be held steady if upward price pressures fade quickly. Notably, Nick Timiraos—known as the “New Fed Wire” reporter—spotted an interesting detail in the documents: Fed officials are increasingly focusing on an inflation driver barely mentioned in debates just months ago: the boom in AI investment. Per the minutes, this is categorized as one of three key forces pushing inflation higher, alongside the Middle East conflict and tariffs—factors that could keep prices elevated and prompt the Fed to pivot to rate hikes. The minutes, released three weeks behind schedule, reflect growing concerns over inflation outlooks. More officials pointed out that robust business investment in AI infrastructure is a new force that could sustain price pressures. The minutes noted: “Several participants commented that price pressures have become more broad-based, with a large share of goods and services… experiencing significant increases.”
14 minutes ago
Sony plans to launch its stablecoin issuance business in 2027, having secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
Sony has obtained conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. The company plans to launch its subsidiary Connectia Trust this month, with an aim to kick off U.S. dollar-denominated stablecoin issuance and management operations in 2027.
14 minutes ago
Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $84.9 million.
According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded total net outflows of $84.9 million yesterday, with BlackRock’s IBIT alone seeing total net outflows of $59.1 million.
14 minutes ago
U.S. military struck approximately 90 Iranian military targets, completing a new round of strikes.
US Central Command: The U.S. military has carried out strikes on approximately 90 military targets along Iran’s coast, including air defense systems, coastal surveillance facilities, missile and drone storage sites, naval forces, and military logistics infrastructure.
Offchain Labs, the developer behind Arbitrum, has confirmed that 10% of net protocol fees generated by Robinhood Chain and other Layer 2 networks built on the Arbitrum tech stack will be directed back into the Arbitrum ecosystem.
How the Fee Split Works The split breaks down to 8% flowing into the Arbitrum DAO treasury and 2% going to the Arbitrum Developer Guild. The arrangement falls under the Arbitrum Expansion Program (AEP). Any Arbitrum chain deployed outside of Arbitrum One and Arbitrum Nova must pay 10% of its protocol net revenue to the Arbitrum Foundation under the AEP licence.
The Developer Guild incentivizes developers contributing to the Arbitrum codebase, with the 2% allocation going to a fund dedicated to this purpose. For $ARB token holders, the revenue-sharing model ties value accrual directly to ecosystem growth, creating a more durable incentive than one-time grants.
Robinhood Chain Goes Live Alongside the fee arrangement, Robinhood Chain has launched inside Robinhood Wallet with cross-chain bridging and swap support now available to users. The public mainnet launched on July 1, 2026, announced at Robinhood's "The World is Flat" keynote at the Old Royal Naval College in London, after a public testnet that recorded 4 million transactions in its first week.
Robinhood Chain is an Ethereum Layer 2 blockchain built on the Arbitrum stack, designed for tokenized real-world assets and 24/7 financial services. Day-one partners include Uniswap, deploying a dedicated AMM as the primary public liquidity protocol, with deep integrations from Alchemy, BitGo, and Chainlink giving the chain fast block times and out-of-the-box DeFi primitives such as lending and borrowing.
Robinhood's path to this point included an earlier phase where the company deployed tokenized US stocks and ETFs on Arbitrum One in 2025. The Arbitrum-based Layer 2 focuses on tokenized stocks, real-world assets, and on-chain financial services.
Sources:
Crypto Briefing: Arbitrum to receive 10% of fees from Robinhood Chain and other L2s
Robinhood Newsroom: Robinhood Chain Launches Public Testnet
Arbitrum Blog: Robinhood Chain Mainnet is Live
Yesterday, the total net inflow into U.S. Ethereum spot ETFs stood at $70.5 million.
According to Farside's monitoring, U.S. Ethereum spot ETFs recorded a total net inflow of $70.5 million yesterday, among which Fidelity's FETH had a net inflow of $69.2 million.
4 minutes ago
Goldman Sachs: China's AI has become one of the most notable growth narratives in today's tech sector.
In the report titled "Investment Strategy: Long China's AI Value Chain", Goldman Sachs analyst Louis Mille wrote: "China's AI industry has officially come into our focus." This is attributed to "an unprecedented combination of massive state support, surging global demand, and structural capital rotation, which has made China's AI one of the most compelling growth stories in today's tech sector." Goldman Sachs put forward three key points to support its investment thesis: a severe mismatch between the market capitalization of Chinese AI firms and their market potential, leaving ample valuation upside; China's AI industrial chain has unique competitive advantages undervalued by the market; and the Chinese AI sector has outperformed other Chinese assets, with capital being structurally incrementally allocated to it.
4 minutes ago
For the first time, the US Federal Reserve has listed AI investment as one of its three major inflation risks.
The Federal Reserve released its meeting minutes on Wednesday, with officials at last month’s gathering generally agreeing they would need to raise interest rates if inflation remains persistently high this year. At the same time, they also concurred that rates could be held steady if upward price pressures fade quickly. Notably, Nick Timiraos—known as the “New Fed Wire” reporter—spotted an interesting detail in the documents: Fed officials are increasingly focusing on an inflation driver barely mentioned in debates just months ago: the boom in AI investment. Per the minutes, this is categorized as one of three key forces pushing inflation higher, alongside the Middle East conflict and tariffs—factors that could keep prices elevated and prompt the Fed to pivot to rate hikes. The minutes, released three weeks behind schedule, reflect growing concerns over inflation outlooks. More officials pointed out that robust business investment in AI infrastructure is a new force that could sustain price pressures. The minutes noted: “Several participants commented that price pressures have become more broad-based, with a large share of goods and services… experiencing significant increases.”
4 minutes ago
Sony plans to launch its stablecoin issuance business in 2027, having secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
Sony has obtained conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. The company plans to launch its subsidiary Connectia Trust this month, with an aim to kick off U.S. dollar-denominated stablecoin issuance and management operations in 2027.
4 minutes ago
Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $84.9 million.
According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded total net outflows of $84.9 million yesterday, with BlackRock’s IBIT alone seeing total net outflows of $59.1 million.
4 minutes ago
10% of fees from Robinhood Chain and other Arbitrum Layer 2 (L2) networks will be allocated to the Arbitrum ecosystem, while 8% will flow to the token holders' treasury.
Offchain Labs co-founder Steven Goldfeder stated that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 (L2) networks will flow to the Arbitrum ecosystem. Of that total, 8% will go to a treasury controlled by ARB token holders, while 2% will be earmarked for development funding. This mechanism gives the ARB token holder treasury a steady revenue stream, with the relevant funds potentially used for ecosystem grants, token buybacks, or staking rewards in the future. Should Robinhood Chain’s trading volume continue to grow, it could further strengthen the Arbitrum ecosystem’s revenue-generating capacity.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The Federal Reserve released minutes from its June 16-17 meeting on July 8, showing a divided committee that unanimously held rates steady at 3.50% to 3.75% while flagging inflation risks tied to artificial intelligence spending.
The meeting was Chair Kevin Warsh’s first since taking over the Fed. All 12 voting members backed the hold, though the minutes revealed disagreement over whether a hike is still needed this year.
Officials Split Over the Case for a HikeA few participants argued a rate increase was justified at the June meeting but ultimately supported holding steady, the minutes said. Most officials cited persistent inflation risk from tariffs, Middle East energy costs, and AI-driven demand for tech, data centers, and electricity.
Nine of 19 officials penciled in at least one rate hike before the end of 2026, a reversal from earlier projections that showed no hikes at all. Warsh did not submit a projection.
At his post-meeting press conference, Warsh described the internal debate in blunt terms.
“We had a good family fight on it for a couple of days, and we ended up, I think, in a better place.”
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AI Buildout Complicates the Inflation PictureFed staff raised inflation forecasts for 2026 and 2027, citing tariff pass-through, Middle East supply shocks, and surging AI infrastructure investment. Core inflation ran at 3.3% in April and was estimated near 3.4% in May, well above the Fed’s 2% target.
Several participants said AI spending could eventually lower costs through productivity gains, though that effect would take years to appear. Meanwhile, demand for data centers and high-tech equipment keeps adding upward pressure on prices.
Bitcoin Dips as Markets Digest the Hawkish ToneBitcoin (BTC) traded near $62,240 on Wednesday, down about 2.7% over the past 24 hours, according to BeInCrypto data at press time.
Bitcoin Price Performance. Source: BeInCryptoThe move followed a preview of the release that flagged Warsh’s silence on his own rate projection as a key source of uncertainty.
The drop follows Bitcoin options activity that turned call-heavy ahead of the minutes, days after Bitcoin’s rebound toward $64,000 on bullish ETF flows. It shows how sensitive crypto markets remain to rate-hike expectations, a dynamic also visible in the earlier Fed independence fight over Governor Lisa Cook.
Analysts See a Widening Macro-Crypto LinkAhead of the release, Ryan Kirkley, co-founder and CEO of Global Settlement Network, said the moves in oil, Treasury yields, and the dollar showed markets were already repricing for a longer inflation fight rather than a one-off shock.
The minutes bore that out, tying elevated inflation to AI-related demand, tariffs, and Middle East energy costs.
“Crypto is now reacting to oil, rates, the dollar and treasury yields… It bleeds when macro bleeds.”
The next FOMC meeting is scheduled for July 28-29. With inflation still running above target and nine officials now leaning toward a hike, upcoming inflation and jobs data will likely determine whether Warsh’s “family fight” ends in a rate increase or another hold.
10% of fees from Robinhood Chain and other Arbitrum Layer 2 (L2) networks will be allocated to the Arbitrum ecosystem, while 8% will flow to the token holders' treasury.
Offchain Labs co-founder Steven Goldfeder stated that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 (L2) networks will flow to the Arbitrum ecosystem. Of that total, 8% will go to a treasury controlled by ARB token holders, while 2% will be earmarked for development funding. This mechanism gives the ARB token holder treasury a steady revenue stream, with the relevant funds potentially used for ecosystem grants, token buybacks, or staking rewards in the future. Should Robinhood Chain’s trading volume continue to grow, it could further strengthen the Arbitrum ecosystem’s revenue-generating capacity.
30 minutes ago
U.S. military struck approximately 90 Iranian military targets, completing a new round of strikes.
US Central Command: The U.S. military has carried out strikes on approximately 90 military targets along Iran’s coast, including air defense systems, coastal surveillance facilities, missile and drone storage sites, naval forces, and military logistics infrastructure.
30 minutes ago
Binance extends its airdrop campaign for eligible USD1 users
Binance is extending its airdrop campaign for eligible users holding USD1 on the platform. The event runs from 8:00 AM on July 10 to 8:00 AM on August 7. Eligible users will share a total prize pool of 165 million WLFI tokens. During the campaign, WLFI rewards will be distributed to eligible USD1 holders every Saturday before 2:00 AM. To qualify, users must hold USD1 balances (net assets) in any of the following account types: Spot Account, Funding Account, Margin Account (with USD1 used as cross, isolated, or unified account collateral), and U.S. dollar-denominated contract accounts (with USD1 as collateral, including multi-asset mode). For users holding USD1 in contract or margin accounts, they must maintain a daily open interest of at least 300 USD1 on USD1 contract trading pairs to receive a 1.2x boosted annualized return.
30 minutes ago
The DMind Benchmark, developed by the Minara Team, has been officially accepted for inclusion in KDD 2026, becoming the first digital asset × AI large language model evaluation benchmark to be featured at a top international conference.
The DMind Benchmark, launched by the Minara team in 2025, has recently had its paper accepted by the Datasets & Benchmarks Track of the 2026 KDD main conference. It becomes the first large language model (LLM) evaluation benchmark at the intersection of digital assets and AI to pass peer review and secure a spot in the main track of an international top conference (not a workshop or demo). KDD is a leading international conference in data mining and machine learning, with an acceptance rate of roughly 29% for this track this year. The DMind Benchmark assesses models’ multi-step reasoning capabilities in real-world digital asset scenarios, comprising 3,154 objective questions and 389 open tasks. All content was reviewed by domain experts on a question-by-question basis, covering 9 subfields including DeFi, tokenomics, and contract security. It has systematically evaluated 31 leading LLMs such as GPT, Claude, and Gemini. Its dataset once topped Hugging Face’s overall Trending list, amassing over 13,000 cumulative downloads. A July 2026 retest revealed that the performance gains of six latest flagship models on the benchmark failed to bridge the domain depth gap. Leveraging this benchmark and DMind, the initiative is building a dedicated intelligent infrastructure layer for the digital asset sector, enabling AI to truly comprehend the digital asset ecosystem.
30 minutes ago
South Korea's KOSPI index extended its decline to 2%, while Samsung Electronics fell 2.4%.
According to Bitget market data, South Korea’s KOSPI index has extended its decline to 2.01% after rising more than 4% earlier. Samsung Electronics fell 2.4%, while SK Hynix gained 2.3%.
30 minutes ago
The White House believes the ongoing fighting still has room for escalation, and military pressure has once again become the core of Trump's strategy.
The White House is preparing for potential days- or even weeks-long clashes with Iran in the Strait of Hormuz. A US official revealed that the current escalation could last a day or two, a week, or a month, depending on whether Iran continues attacking merchant vessels in the Strait of Hormuz. “We need to teach them a lesson to show them we are not to be trifled with,” the official said. Diplomacy is currently at a standstill, and military pressure has once again become the core of Trump’s strategy. The White House believes there is room for further escalation, as hundreds of oil tankers have passed through the strait and departed the Gulf in recent weeks, easing internal government concerns that renewed conflict would immediately trigger a sharp spike in oil prices. (Axios)
Cathie Wood’s Ark Invest reduced its AMD position on July 6, selling more than 15,000 shares valued at over $8 million through the Ark Innovation ETF. Although such a sale could raise concerns, it likely reflects routine portfolio rebalancing instead of weakening confidence in AMD.
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The sale followed a successful investment made in February, when Ark bought more than 141,000 AMD shares after the stock plunged 17.3% following disappointing earnings. Wood viewed the decline as a buying opportunity.
AMD’s fortunes improved significantly after reporting stronger-than-expected first-quarter 2026 results, with revenue, earnings per share, and second-quarter guidance all exceeding forecasts. The stock rallied sharply, climbing to $516 by July 7 after opening at $351 before the earnings release.
Ark also purchased $5.6 million worth of Kratos Defense & Security Solutions shares on July 6, indicating it was likely rotating capital into new opportunities while locking in gains from AMD’s strong rally.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research.
Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. Strategy, the largest corporate holder of Bitcoin, has funded much of its buying through preferred equity, including its variable-rate Stretch preferred stock, known as STRC.
That product fell near $70 from its $100 par value before a rebound. To defend the peg, Strategy raised the STRC dividend to 12% and authorized $2 billion in buybacks while unlocking further Bitcoin sales. The stock has since started climbing back toward par.
“The market is supportive of these actions,” Ferraioli said, describing the response as a check on fears of cascading liquidations.
The shift marks a change in tone for a company known for a “never sell” stance.
“We went from never sell Bitcoin to strategically sell Bitcoin,” Ferraioli said, acknowledging fair criticism. He cautioned that a lower multiple could limit Strategy’s capacity to issue shares and buy more Bitcoin in the second half of the year.
Schwab’s perspective on Bitcoin’s slump Ferraioli weighed in on a market bump that followed comments from President Trump, who signaled openness to holding Bitcoin in the new Trump Accounts savings program.
Ferraioli read the move as a sign of one more potential class of buyer, alongside mainstream investors who entered through spot ETFs.
“The crypto market loves narratives,” he said, calling the asset momentum-driven.
On correlations, Ferraioli described Bitcoin as a low-correlation asset, a trait he traced to the four-year halving that cuts new supply. Past ties to tech stocks have broken down, and a historic inverse relationship with the dollar has wavered; Bitcoin has rallied during periods of dollar strength this year.
“Starting points matter,” he said, noting that Bitcoin rose during the Iran conflict as the dollar gained.
He addressed the dollar-yen rate, which trades near 40-year lows. A stronger yen could unwind the carry trade, in which investors sell the yen to buy growth assets. Ferraioli framed a yen rebound as a possible headwind for risk assets, though not a primary near-term risk for Bitcoin.
On the debasement trade, Ferraioli pushed back on the idea that last year’s gold rally, set against a halving of Bitcoin’s market cap, disproved the store-of-value case.
He attributed the gold move to supply constraints and momentum rather than fiscal fear. The federal budget deficit has narrowed from 8-9% of GDP to 5%, near the median across Bitcoin’s life.
“It’s not an endorsement of the fiscal health,” he said, “but it helps put that narrative in check.”
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
A new memecoin, CASHCAT, has pumped more than 1100% within 24 hours after Robinhood CEO’s endorsement for memecoins. It has tapped a market cap of over $150 million and a price of more than $0.15 in just 1 day after launch.
It launched as the mascot of the Robinhood app, but it has now become the first major memecoin story on Robinhood since the chain’s launch on July 1st.
Robinhood Chain started with real-world assets, on-chain finance, and analytics. Later it also launched Trump Accounts for retail. Memecoins were not on the list. Then, the Robinhood CEO Vlad Tenev made a public post saying, “Robinhood Chain will be the best chain for RWA, but it’s great for memes as well” and also followed CASHCAT’s official X account.
That one catalyst changed the direction of the memecoin.
One Trader Made $1.6M From an $86 Investment A crazy move in a single CASHCAT trade was captured by LookOnChain. Before the surge a wallet, known as 0xeee2, purchased 17.5 million CASHCAT tokens for just $86.
Later, the trader sold 3.6M $CASHCAT for $390.5K and still holds 13.8M $CASHCAT ($1.24M). It made headlines and helped to continue the momentum that had been rolling since Tenev’s tweet.
The market capitalization tells the full story. CASHCAT tapped a $150 million market cap but saw a drop back to about $120 million. The current consolidation around a $124 million market cap indicates neutral momentum, with some analysts targeting a $1 billion market cap if buying continues.
CASHCAT Memecoin – CoinMarketCap Where CASHCAT Is Actually Trading CASHCAT is currently available to buy on Uniswap V3, via Robinhood, MEXC, Hibt, PancakeSwap, and Meteora DAMM.
Pump.fun also announced that Robinhood tokens are now available to trade on the Pumpfun app, just a day after Tenev’s post. The update eliminates friction for new investors and gives access without bridging.
What CASHCAT’s Surge Means for Memecoin Market CASHCAT isn’t a native Robinhood launch. It is a memecoin that has taken Robinhood’s brand and received endorsement by the CEO.
The question of whether CASHCAT’s meme coin will hold its market cap or will retrace dramatically is insignificant when compared to what this week has shown: Robinhood Chain can push memecoin momentum, and this breakout story can lead to more volume coming into Solana memecoins.
If you want to find projects early, take a look at our best crypto presales page.
MEXC, a pioneer in 0-fee digital asset trading, will add nine Ondo tokenized stock and ETF trading pairs to its spot market, the latest expansion of ongoing collaboration with Ondo Finance. The new pairs cover companies across the data center, semiconductor and power supply chains linked to growing AI infrastructure demand, expanding the range of tokenized U.S. equities available to users and providing on-chain exposure to a sector at the center of the current AI infrastructure buildout.
The pairs include tokenized stocks and ETFs tracking Bloom Energy (BEON/USDT), Astera Labs (ALABON/USDT), Credo Technology (CRDOON/USDT), the Roundhill Memory ETF (DRAMON/USDT), Innodata (INODON/USDT), and Celestica (CLSON/USDT), among others, all listing on July 8, 2026 (UTC). Full details, including exact listing times for each pair, are available in MEXC’s official announcement.
Ondo Finance focuses on bringing traditional financial assets on-chain through compliant infrastructure, allowing users to access assets such as US Treasuries, stocks, and ETFs in a blockchain-native format. Each tokenized asset is backed by the corresponding underlying security held through regulated custodial brokers. This latest batch listing further expands MEXC’s lineup of tokenized stocks, reinforcing its commitment to delivering users Infinite Opportunities.
As a one-stop trading platform, MEXC provides users with diverse access to global markets. Beyond Ondo’s tokenized stocks, MEXC also offers “RealStocks,” a product that allows users to hold real share ownership and dividends. With MEXC’s integrated trading experience, users can seamlessly access diverse investment products without switching between platforms.
About MEXC MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
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Michael Saylor: Concerns over Bitcoin block space shortage are gradually easing, while global transfers still maintain low fees.
MicroStrategy founder Michael Saylor published an article noting that after a decade of concerns over insufficient block space and controversies surrounding non-monetary use cases, Bitcoin still has no so-called "spam transaction problem." Currently, Bitcoin network fees stand at approximately 1 sat/vB, enabling anyone to quickly transfer any amount of Bitcoin globally for roughly $0.3. Free market mechanisms have been consistently resolving the challenges facing Bitcoin's block space.
7 hours ago
Sources: Iran will close the Strait of Hormuz if the US launches an attack.
According to CCTV News, sources from Iran’s security department stated that if the U.S. launches any attack on Iran, Iran will close the Strait of Hormuz and retaliate against enemy targets with a response at least twice the scale of the strike it receives. U.S. President Donald Trump said on the 8th while attending the NATO summit in Turkey that he is very unhappy with Iran, the U.S. military “could strike Iran hard again tonight” and may also reimpose a naval blockade on Iran.
7 hours ago
BNP Paribas: Merger between Tesla and SpaceX is far from imminent
BNP Paribas analysts have expressed doubt over the recent possibility of a merger between Tesla and SpaceX. "The massive cash burn and significant regulatory risks of both companies complicate a potential merger between SpaceX and Tesla," they stated. The investor sentiment for Tesla, which has improved amid merger speculation, may be overly optimistic, and the analysts maintained their "underperform" rating and $280 target price for the firm. "We are concerned that Tesla will face daunting KPIs in its robotaxi and Optimus businesses over the next two years, which will pose downside risks to its core operations before any SpaceX merger is actually realized."
7 hours ago
Trump: Will See If He Can Continue Keeping Oil Prices Low, Notes That Oil Prices Should Remain Low
US President Trump said, "We will see if we can continue to push oil prices lower. We should maintain low oil prices."
7 hours ago
A whale has aggregated approximately $5.85 million worth of HYPE and LIT assets into the same wallet.
According to monitoring by Onchain Lens, a crypto whale has transferred approximately $5.85 million worth of HYPE and LIT assets into a single wallet, with the funds likely accumulated through Galaxy Digital. The transferred assets consist of 78,100 HYPE tokens (valued at around $5.25 million) and 263,700 LIT tokens (worth approximately $601,000).
7 hours ago
Senior Iranian official: We have unused options at our disposal, including blocking the Strait of Mandeb.
According to Iranian media outlet Fars News, Rezaei, spokesperson for Iran's Parliamentary National Security Commission, stated: "In future confrontations, the enemy will face a comprehensive and sudden strike from Iran. Iran has numerous options that have not been deployed during the 40-day war, including withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), revising its 'nuclear strategic doctrine', and blocking the Bab el-Mandeb Strait outside the Strait of Hormuz. The proposal to withdraw from the NPT is already pending review in parliament; should Iran face an existential threat, revising the 'nuclear strategic doctrine' can also be put on the agenda."
@worldlibertyfi's payments arm, AI Financial, is in talks to offload its core business to Tokyo-based blockchain firm Perpetuals.com for up to $15 million, according to the Wall Street Journal. The development marks a sharp reversal for a company that was once promoted as the foundation of an international payments network powered by World Liberty Financial's USD1 stablecoin.
From $750 Million to $15 Million The problems began after World Liberty acquired a controlling stake in AI Financial in August 2025 by paying with its own $WLFI cryptocurrency. AI Financial then raised an additional $750 million from outside investors to purchase more WLFI tokens, leaving the company heavily exposed to the Trump-backed digital asset.
Under the reported deal terms, Perpetuals.com would pay $5 million upfront in stock, with an additional $10 million contingent on future revenue targets, while also assuming certain liabilities tied to the payments unit. Perpetuals.com confirmed the discussions in a press release on July 7, saying it had signed a non-binding term sheet to explore the acquisition of Alt5 Sigma Canada Inc., with its Chief Strategy Officer noting the company is currently conducting due diligence and that no final decision has been made.
The unit generated roughly $25 million in revenue last year and is AI Financial's sole revenue-generating business. According to the Journal, no USD1 stablecoin transactions have ever been processed through AI Financial's payments platform.
Investors Burned, Trumps Profit $WLFI has slid roughly 70% since the deal was announced, and AI Financial's stock has cratered more than 90% from highs near $9.76, with shares now trading around $0.53. AI Financial posted a $271.5 million net loss for Q1 2026, driven by a $348.3 million unrealised loss on its WLFI holdings, and management has flagged substantial doubt about the company's ability to continue as a going concern within 12 months.
The Trump family is entitled to 75% of the proceeds from World Liberty's crypto token sales, putting their direct gains from the August transaction at roughly $500 million after fees and other expenses. Trump's crypto-related income for 2025 included about $515 million from the sale of tokens released by World Liberty Financial, and $65 million from sales of equity in the holding company.
As part of the broader arrangement, Perpetuals.com has also agreed to explore offering World Liberty Financial's USD1 stablecoin in Europe and to license its trading technology to AI Financial. Both World Liberty Financial and AI Financial declined to comment on the reported sale talks.
Sources:
International Business Times: Trump Family Pockets Half A Billion As Trump-Backed Crypto Firm Moves To Sell Only Revenue-Generating Business
CNBC: Trump family got about $500M from crypto venture as investors saw steep losses
The Crypto Times: Trump-Linked WLFI Treasury Firm to Sell Core Unit for $15M After Token Crash
According to Ember Monitoring, a crypto whale began opening massive long positions in SK Hynix (SKHX) immediately after the US stock market opened today. The whale has now become the largest SKHX long holder on Hyperliquid and continues to add to its positions, currently holding SKHX positions worth $27.75 million at an average entry price of $1,410.8.
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Ondo Perps' trading volume has surpassed $2 billion within 48 hours of its launch.
According to official sources, Ondo announced that the cumulative trading volume of its Ondo Perps public beta exceeded $2 billion within the first 48 hours after its launch.
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Michael Saylor: Concerns over Bitcoin block space shortage are gradually easing, while global transfers still maintain low fees.
MicroStrategy founder Michael Saylor published an article noting that after a decade of concerns over insufficient block space and controversies surrounding non-monetary use cases, Bitcoin still has no so-called "spam transaction problem." Currently, Bitcoin network fees stand at approximately 1 sat/vB, enabling anyone to quickly transfer any amount of Bitcoin globally for roughly $0.3. Free market mechanisms have been consistently resolving the challenges facing Bitcoin's block space.
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Sources: Iran will close the Strait of Hormuz if the US launches an attack.
According to CCTV News, sources from Iran’s security department stated that if the U.S. launches any attack on Iran, Iran will close the Strait of Hormuz and retaliate against enemy targets with a response at least twice the scale of the strike it receives. U.S. President Donald Trump said on the 8th while attending the NATO summit in Turkey that he is very unhappy with Iran, the U.S. military “could strike Iran hard again tonight” and may also reimpose a naval blockade on Iran.
6 hours ago
BNP Paribas: Merger between Tesla and SpaceX is far from imminent
BNP Paribas analysts have expressed doubt over the recent possibility of a merger between Tesla and SpaceX. "The massive cash burn and significant regulatory risks of both companies complicate a potential merger between SpaceX and Tesla," they stated. The investor sentiment for Tesla, which has improved amid merger speculation, may be overly optimistic, and the analysts maintained their "underperform" rating and $280 target price for the firm. "We are concerned that Tesla will face daunting KPIs in its robotaxi and Optimus businesses over the next two years, which will pose downside risks to its core operations before any SpaceX merger is actually realized."
6 hours ago
Trump: Will See If He Can Continue Keeping Oil Prices Low, Notes That Oil Prices Should Remain Low
US President Trump said, "We will see if we can continue to push oil prices lower. We should maintain low oil prices."
6 hours ago
A whale has aggregated approximately $5.85 million worth of HYPE and LIT assets into the same wallet.
According to monitoring by Onchain Lens, a crypto whale has transferred approximately $5.85 million worth of HYPE and LIT assets into a single wallet, with the funds likely accumulated through Galaxy Digital. The transferred assets consist of 78,100 HYPE tokens (valued at around $5.25 million) and 263,700 LIT tokens (worth approximately $601,000).
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Hyperliquid just made it possible to trade perpetual contracts on crypto indices directly from its layer-1 blockchain. The product, called S&P 2.0, went live on July 8, giving traders a new way to get leveraged exposure to baskets of crypto assets without touching any of the underlying tokens.
What S&P 2.0 actually does While Hyperliquid did launch S&P 500 perpetuals back on March 18 through a licensing deal with Trade[XYZ], the S&P 2.0 is a different beast entirely. It focuses on crypto index perpetual contracts rather than traditional equity indices.
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One technical detail worth noting is how the funding rates work. Most perpetual contract platforms rely on spot price oracles to keep perp prices tethered to reality. Hyperliquid takes a different approach. Its index perps use validator-published median index values for funding rate calculations. This means the network’s own validators are publishing the reference prices, which in theory reduces the risk of oracle manipulation.
The platform currently supports over 300 trading markets spanning indices, equities, and commodities.
A busy year for Hyperliquid Then came THYP, an ETF launched in May 2026. Hyperliquid has also expanded into prediction markets, further diversifying its product suite. HYPE, the native token powering the Hyperliquid ecosystem, has seen strong trading activity throughout 2026.
What this means for traders and the broader market The risk side of the equation deserves attention. While validator-published pricing is an interesting alternative to traditional oracles, it introduces its own trust assumptions. Traders need to understand that the accuracy of their index perp positions depends on the integrity and diversity of Hyperliquid’s validator set. A concentrated or compromised validator network could theoretically distort index values.
There’s also the regulatory question that hangs over every on-chain derivatives product. The licensing agreement with Trade[XYZ] for the S&P 500 perps suggests Hyperliquid is at least thinking about compliance, but the crypto index products may operate in grayer territory.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to official announcements, Pump.fun has launched Robinhood chain token trading functionality on its app. Users can seamlessly trade a range of popular Robinhood chain tokens directly using SOL on the platform, eliminating the need for cross-chain operations, which further simplifies the trading process and lowers participation barriers. Pump.fun noted that the feature rollout is designed to help users engage in hot market trades more conveniently and seize investment opportunities from various market themes in a timely manner.
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The Solana launchpad says its app now routes "crosschain" trades into Robinhood-linked tokens with no bridging, a day after CEO Vlad Tenev called his company's new blockchain "great for memes too."
Pump.fun said Wednesday it added support for trading tokens tied to Robinhood's blockchain, a move that comes as a memecoin modeled on the brokerage's old mascot has posted quadruple-digit percentage gains on the week-old network.
"Robinhood tokens are now available to trade on the Pumpfun app!" the Solana-based launchpad wrote on X, citing "no bridging," trading "seamlessly in SOL," and the ability to "trade every trending Robinhood token."
Pump.fun co-founder Alon Cohen, who posts as @a1lon9, followed up 11 minutes later, framing the addition as an extension of the app's existing multichain trading tool rather than a standalone feature.
“It's only right that the leading app in trading edge supports everything that traders want to speculate on," he wrote. “The pump fun app is not just for pump fun coins; it covers all of your crosschain trading. trade Robinhood tokens now. 0% fees on Solana."
Existing Multichain ToolThe addition builds on a feature Pump.fun rolled out on May 26, when it began letting users trade Ethereum, Base and BNB Chain tokens from inside its app using a single Solana wallet. Under that system, Pump.fun sponsors gas fees and auto-generates wallets for each supported network, so users never need to hold a chain's native gas token or manually bridge assets to trade there.
Robinhood Chain, an Arbitrum-based Layer 2 that Robinhood took to public mainnet on July 1, is the newest network folded into that setup.
CASHCAT MemecoinThe token drawing the most attention on Robinhood Chain this week is CASHCAT, which references "Cash Cat," an early mascot from Robinhood's history as a stock-trading app. According to onchain data highlighted by the analytics account Lookonchain, the token climbed roughly 700% to 950% in 24 hours on July 8, pushing its market capitalization from the low millions into a range of $68 million to $100 million.
One trader, holding a wallet ending in 0xDE4C, turned an $838 purchase made about 20 days earlier into just over $1 million after selling most of the position, a roughly 1,253-fold return, Lookonchain said.
CASHCAT trades against Robinhood Chain's Uniswap V3 deployment, according to the same reporting. A reply beneath Pump.fun's own announcement post on X, from a user thanking the platform for letting them "trade cash cat last night," suggests some CASHCAT volume was already routing through Pump.fun before Wednesday's post.
Tenev's About-FaceRobinhood CEO Vlad Tenev added to the attention around Robinhood Chain's meme activity in a post on X late Tuesday: "While we're building robinhood chain to be the best chain for RWA … it works great for memes too."
The comment came less than a week after Tenev told CNBC on July 2, in an interview tied to Robinhood's mainnet launch, that memecoins were largely a dead end because assets without utility don't serve a lasting purpose, and that he saw tokenized real-world assets as the more durable direction for crypto.
Robinhood switched on the public mainnet of Robinhood Chain on July 1 during a London keynote called "Robinhood Presents: The World Is Flat." The company describes the network as a permissionless Layer 2 built for tokenized real-world assets, with day-one integrations from Uniswap, Chainlink, Alchemy and BitGo.
Alongside the mainnet, Robinhood launched Stock Tokens — tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of US equities and ETFs without conferring shareholder rights — inside the Robinhood Wallet in more than 120 countries. The product is not available to US persons.
RWA Chain, Meme PlaygroundData from DefiLlama shows the split between Robinhood Chain's stated purpose and its early usage. Total value locked on the network reached $107.8 million, up more than 160% in a single day, while the chain's stablecoin market cap stood at $246.8 million, most of it USDG. Active real-world-asset market cap on the chain — the category that includes Stock Tokens — was just $12.5 million by comparison.
Pump.fun itself continues to generate substantial revenue from its Solana-native business. The platform brought in $826,330 in revenue over the 24 hours before publication and has generated more than $1 billion cumulatively since launching, according to DefiLlama. Its PUMP token traded around $0.0014 on CoinGecko, down about 7.7% over the past week and roughly 84% below its September 2025 all-time high.
Pump.fun, the Solana-native memecoin launchpad that became synonymous with degen token launches, has quietly pulled off something more ambitious than another dog coin. The platform now routes trades directly to Robinhood Chain, an Arbitrum-based Layer 2, without requiring users to bridge assets or manage gas fees on the destination chain.
The first major beneficiary of this integration: a memecoin called CASHCAT, which has ripped approximately 900% in a week and pushed its market cap past $100 million.
How the plumbing works Users pay in SOL. That’s it. The platform handles all the backend complexity, covering gas fees on the destination chain and abstracting away the multi-chain headache. SOL effectively becomes a universal currency across Pump.fun’s supported EVM chains.
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CASHCAT and the new-chain gold rush CASHCAT has become the poster child for this dynamic. The token’s market capitalization surged to roughly $100 million to $135 million, depending on the snapshot. Trading volumes during peak activity exceeded $85 million to $105 million in a single 24-hour period. Some intraday reports even showed gains exceeding 1,000% before settling into the 900% weekly range.
The token’s rise has been facilitated partly by NOXA Fun, a dedicated launchpad on Robinhood Chain that mirrors Pump.fun’s mechanics. The launchpad lowers the barrier for creators to deploy tokens, which in turn feeds the speculative cycle that drives volume.
Robinhood Chain’s pivot from RWAs to memes Robinhood Chain’s public mainnet went live around July 1, 2026, with an official focus on tokenized real-world assets and decentralized finance. The Arbitrum-based architecture gives Robinhood Chain access to Ethereum’s security model while offering lower transaction costs.
What this means for investors Pump.fun’s cross-chain routing model allows users to seamlessly trade tokens on any supported chain using SOL as their base currency. Every new chain Pump.fun integrates becomes instantly accessible to its existing user base.
For Robinhood Chain specifically, the early traction is promising but comes with enormous caveats. CASHCAT’s $100 million market cap was built in days. The chain’s long-term viability depends on whether it can convert speculative tourists into permanent residents who stick around for the RWA and DeFi applications.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Adam Back‘s BSTR Holdings scrapped its SPAC merger with Cantor Equity Partners I (NASDAQ:CEPO) Wednesday after failing to raise $1.5 billion in financing.
What Fell Apart And WhyThe deal included plans to raise up to $1.5 billion through private investment in public equity financing to buy more Bitcoin.
The financing never came together.
Bloomberg reported last week that Cantor had already allowed some large investors to reduce their original commitments ahead of a shareholder vote as the transaction struggled to find backers.
Bitcoin has lost roughly half its value since October’s all-time high, making investors far more reluctant to back new Bitcoin treasury vehicles at current prices.
Wednesday’s announcement formally scrapped the original agreement, canceled the private placement financing, indefinitely postponed a shareholder meeting that had been scheduled for July 10, and returned shares to CEPO shareholders whose redemption requests were pending.
The companies said any revised deal will be detailed in future SEC filings if one is reached.
Back Previously Called a Weak Market a Buying OpportunityEarlier this year, Back told CoinDesk that launching during a weaker Bitcoin market could actually benefit BSTR by letting it accumulate coins at lower prices ahead of a potential recovery.
That framing hasn’t changed, but the inability to raise $1.5 billion from institutional investors shows the market disagrees with the timing.
BSTR is not alone. Across the broader Bitcoin treasury company space, shares of listed accumulators have slumped alongside Bitcoin itself, drying up the premium valuations that made equity-funded Bitcoin buying attractive in the first place.
CEPO Trades Near Key Support With Neutral MomentumCEPO trades just above its major moving averages, sitting roughly 1.9% above the 20-day SMA at $10.46 and 1.5% above the 200-day SMA at $10.49.
RSI sits at 53.09, a neutral reading that points to range-bound trading rather than a directional move in either direction.
Key support sits at $10.50, aligning with the 50-day EMA and the broader cluster of long-term averages.
Holding that level keeps buyers in control. Losing it removes the only nearby structural floor the stock has.
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