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A Solana-based prediction market platform is launching, aiming to compete with market leaders Polymarket and Kalshi.

The new platform has been christened World — not to be confused with the Sam Altman-backed, human verification project which shares the same name.

According to a social media post, World will be available through the popular Phantom crypto wallet, and Chainlink will provide oracle infrastructure to enable "immediate resolutions and instant payouts."

"Prediction markets are one of the most powerful applications you can build on a high-performance blockchain," Solana Foundation's Head of Consumer Pedro Miranda said in an article shared on World's X account. "World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are."

Of the two major players, Polymarket is the most crypto native, accepting various cryptocurrencies that it then converts into Circle's USDC stablecoin. Kalshi accepts USDC, Solana, and Bitcoin, then converts them to fiat USD.

Prediction markets have been considered a major growth area as Kalshi and Polymarket spend heavily on advertising campaigns while also inking high-profile corporate partnerships. Kalshi is seeking to raise more capital at a $40 billion valuation.

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"By launching inside Phantom, the most widely used wallet in Solana, World is immediately accessible to tens of millions of active users without requiring a separate app download or additional wallet setup," according to the article World shared Wednesday.

Coinbase, Robinhood, and DraftKings are all also involved in offering clients access to prediction markets where users can wager on sports, politics, economic events, and even the weather.

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June 2026 marked another milestone month for tokenization across the Solana ecosystem. Trading activity accelerated to record levels as tokenized equities attracted growing participation from both institutional and retail investors. Financial institutions continued launching regulated investment products on Solana, while tokenized funds, commodities, and real-world assets expanded into new markets.

The month also highlighted the increasing integration between traditional finance and blockchain infrastructure. From tokenized stocks and funds to museum-grade dinosaur fossils, June demonstrated the widening range of assets finding their way onchain.

Here is everything you might have missed:

June 10: Jupiter Adds Leveraged Tokenized Equities Jupiter Exchange integrated SHIFT's leveraged tokenized equities, bringing Series Tokens to Solana.

The products track leveraged stock ETFs, while Jupiter introduced a dedicated screener displaying price, trading volume, holder count, and discount to mark value, making these products easier for users to monitor.

June 12: SpaceX Trading Arrives Onchain Backpack Securities launched tokenized SpaceX stock under the ticker $SPCX on Solana on the same day SpaceX became available in traditional financial markets.

The tokenized asset generated $51 million in trading volume during its first 24 hours, making it one of the strongest launches for a tokenized equity on the network.

The same day, Securitize launched STAC, its tokenized AAA CLO fund, on Solana. The fund is backed by Bank of New York Mellon as custodian and sub-adviser, while Ethena Labs announced plans to allocate $250 million to the product.

June 16: SpaceX Volume Surpasses $100 Million Demand for tokenized SpaceX shares continued to accelerate. 24-hour trading volume for $SPCX exceeded $100 million for the first time, underscoring growing investor interest in tokenized equity exposure.

June 17: Institutional Listings Continue to Expand Ondo Finance announced the addition of 173 new tokenized stocks and ETFs, expanding its catalog to more than 430 traditional financial assets.

On the same day, Onpharma launched a security token offering on Solana with First Block and Crito Capital.

Trading activity also remained strong. Solana recorded $116 million in tokenized equities volume, accounting for approximately 94% of all tokenized stock trading volume across blockchain networks.

$SPCX led activity with nearly $90 million in trading volume, while Backpack accounted for approximately 95% of that trading.

June 21: Collector Crypt Reaches Revenue Milestone Collector Crypt generated more than $5 million in weekly revenue for the first time.

The milestone pushed the platform's cumulative lifetime revenue beyond $68 million, highlighting continued demand for tokenized collectibles within Solana's growing real-world asset ecosystem.

June 22: UK Regulated Fund Launches Onchain $BAGEY, the first publicly available fully native UK-regulated tokenized fund built with BNY, launched on Solana.

The launch represents another example of regulated investment products adopting blockchain infrastructure for fund administration.

June 23: Tokenized Funds and Stocks Reach New Milestones Allfunds, one of the world's largest fund distribution networks, expanded its tokenized funds to Solana. The integration connects more than 3,300 financial firms and nearly €1.8 trillion in administered assets to onchain markets, broadening institutional access to tokenized investment products.

The same day, total tokenized stock transfer volume on Solana surpassed $10 billion, underscoring the rapid growth of tokenized securities activity across the network.

June 24: Tokenized Assets Reach New Highs June 24 produced one of the busiest days of the month for tokenization on Solana. Tokenized assets accounted for approximately 19% of all daily DEX volume on Solana, representing a new all-time high of roughly $569.19 million in trading activity. For the day, tokenized assets generated more trading volume than memecoins.

Tokenized stock trading volume also reached a record $683 million in 24-hour trading volume. Trading activity centered on tokenized shares of SpaceX and Micron, which ranked among the most actively traded assets. Backpack Securities and Sunrise continued to expand the market by listing tokenized SanDisk shares under the ticker $SNDK that same day.

Outside traditional financial assets, JurassicFi announced plans to tokenize Deaton, a museum-grade Triceratops prorsus skull with approximately 60-65% bone completeness and all 3 original horns intact.

June 25: Institutional Adoption Expands Internationally Paxos launched its tokenized gold asset, PAXG, on Solana through Sunrise. The launch marks the first expansion of PAXG beyond Ethereum.

The same day, the Solana ETF SOLZ_KZ began trading on the Kazakhstan Stock Exchange, providing qualified investors in Kazakhstan with regulated exposure to Solana.

Kazakhstan Exchange also outlined plans to enable domestic companies to issue ETFs and tokenize assets using Solana infrastructure, reflecting growing international interest in blockchain-based financial products.

June 28: Raydium Surpasses $3 Billion Tokenized Equities Volume Raydium surpassed $3 billion in cumulative tokenized equities trading volume after crossing the $2 billion milestone earlier in the month, on June 6.

June 29: Tokenized Equities on Solana Records Its Largest Week Ever Solana achieved its largest week on record for tokenized equities. Weekly trading volume reached approximately $1.36 billion while the network captured 96% of all tokenized stock trading volume across blockchain ecosystems.

The achievement also extended Solana's lead over all Layer 1 and Layer 2 blockchains to 56 consecutive weeks, reinforcing its position as the leading network for tokenized equities.

Internet Capital Markets Continue Rapid Expansion Last week, SolanaFloor's The Big Picture podcast went live on X, with Seraphim from the Solana Foundation discussing stocks on Solana, how to solve liquidity issues, what comes next for digital asset tokens, and whether Solana perps can compete. He noted that tokenized equity trading volumes could consistently outpace memecoin trading volumes, driven by growing demand for stocks on Solana. “We have to enable stuff that allows you to trade assets people want to trade, and that's stocks at the moment,” he added.

Open Standard also launched $OUSD, a new stablecoin backed by over 140 partners including Visa, Stripe, Mastercard, Coinbase and BlackRock. The protocol promises to distribute earnings from reserves among partners alongside fee-free redemption and minting.

Throughout the month, Solana maintained its leadership in tokenized securities. Record trading volumes, expanding institutional participation, and continued product launches highlighted the network's growing role within global tokenized markets.

“Head of Taking Risk” at Solana Foundation on The Big Picture

World launches as a fully onchain prediction market on the Solana blockchain, letting users bet on Bitcoin prices and the 2026 FIFA World Cup directly from Phantom.

A new prediction market just went live on Solana and it wants to change how people bet on world events.

World launched on July 1, 2026, as a fully onchain prediction market. A prediction market is a platform where you bet real money on whether an event will occur or not and win if you predict it right.

World is available inside the Phantom wallet and at world.xyz.

What you can bet onAt launch, World offers two types of markets. The first covers crypto prices, simple bets on whether Bitcoin goes up or down. The second covers the 2026 FIFA Men's World Cup. More markets across sports, politics, and global events are planned in the weeks ahead.

How it worksMost prediction markets move your money off the blockchain into a separate system. World keeps everything onchain. Your funds stay in your Solana wallet until you choose to enter a market. Every bet, every payout, and every settlement happens directly on Solana, no middlemen, no waiting.

"World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are," said Solana Foundation's consumer head Pedro Miranda.

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How to access itWorld is built directly into Phantom, Solana's most widely used wallet with more than 20 million users. There is no separate app to download.

Open Phantom, go to prediction markets, and start trading in seconds. Winnings are paid out automatically in $CASH, a stablecoin that runs natively on Solana.

Solana processes thousands of transactions per second at minimal cost, and for a prediction market, that is not a nice-to-have. Slow settlement and high fees do not just frustrate users. They break the product entirely.

How World settles betsTraditional prediction markets rely on humans to manually confirm outcomes and close markets, a slow process that creates delays and uncertainty. 

World uses Chainlink, an industry-standard data service that feeds real-world information directly into blockchain applications, to resolve markets automatically the moment an outcome is confirmed.

"World's integration of Chainlink is a major milestone in prediction markets moving away from human-driven legacy solutions to advanced decentralized infrastructure that unlocks immediate market resolutions," said Johann Eid, chief business officer at Chainlink Labs.

The Phantom integration is the first of several distribution partnerships World plans to announce across fintech and crypto platforms throughout July.

Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, with a private beta planned in the coming days as the platform rebuilds after a $295M April exploit.

Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, the protocol's official X account announced on Wednesday. Solana's own account confirmed the switch shortly after, posting "FYI: @driftprotocol is now @VelocityDEX."

Velocity DEX said the new name reflects "a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for," and that a private beta will go out to select partners and traders "in the coming days." The rebrand follows an April 1 exploit that drained roughly $295.4 million from Drift's vaults, an attack Mandiant attributed to a DPRK-affiliated threat actor as part of the token-based recovery framework Drift set up to repay affected users, backed by exchange revenue, a $127.5 million Tether commitment and up to $20 million from partners.

Crypto-native aggregator DegenerateNews flagged the rebrand alongside the exploit history hours after Velocity's own post went out. Elliptic had earlier put the exploit total at $286 million in its own tracing of the attack, a figure in the same range as Drift's own $295.4 million tally.

Under the planned relaunch, Drift's replacement will operate as a leaner, perpetuals-only venue settled in USDT instead of USDC, dropping ancillary products such as Isolated Markets and Amplify, according to the recovery plan The Defiant covered last month. The protocol is also removing the durable-nonce mechanism that attackers exploited to get Drift's Security Council to unknowingly pre-sign transactions, and shifting to a freshly deployed program with rotated keys.

Chainalysis found the attackers used Solana's durable-nonce feature to obtain pre-signed transactions from Security Council members after a months-long social-engineering campaign, a method Elliptic linked to infrastructure associated with past DPRK-attributed operations. Under Drift's recovery framework, affected wallets received transferable tokens representing $1 of verified loss each, redeemable once the recovery pool clears $5 million and funded through a mix of protocol revenue, the Tether commitment and partner contributions.

Mainnet deployment of the rebuilt exchange will require instruction-level audits, time-locked admin actions and review under Solana's STRIDE security program, per the recovery plan. Velocity DEX gave no exact date for the public relaunch beyond the coming private beta, though Drift's recovery plan had targeted a Q2 2026 return to full service.

The platform, unmasked in late June after two-plus years as an anonymous "Trade Everything" teaser account, opens trading in Phantom's CASH stablecoin and leans on Chainlink oracles instead of human-run resolution.

World, a prediction market built on Solana, went live inside the Phantom wallet and at world.xyz on July 1, using Chainlink as its primary oracle infrastructure, according to the project's own X post.

The platform lets users trade event contracts on crypto prices and the 2026 FIFA World Cup, with sports, geopolitics and macroeconomic markets planned in the coming weeks.

World is non-custodial, funds move only when a user enters a market, and positions, settlement and redemptions occur onchain. Winning positions settle automatically in $CASH, Phantom's stablecoin, rather than requiring users to manually claim payouts.

Anonymous TeaserWorld's identity was a mystery for roughly two and a half years before this week's unveiling. The @world_xyz account had circulated on X since late 2023 with little more than a glowing globe graphic, cryptic posts and the tagline "Trade Everything," fueling speculation the project could be a meme coin, a trading app or broader Solana infrastructure.

The project's identity surfaced not through a product announcement but through a legal disclosure: a page on Phantom's site named "World Prediction Markets" as the non-custodial protocol powering the wallet's onchain prediction markets, providing order routing to Solana liquidity providers for positions opened on or after June 1, according to Phantom's disclosure page and help-center documentation. The disclosure was first spotted and publicized on X in late June, per Solana Compass, ahead of this week's public launch.

World's team has not been publicly identified, and the project has no announced token. No funding round or investor backing has been disclosed. World replaces a prior arrangement in which Phantom's in-app prediction markets ran on Kalshi, the CFTC-regulated exchange, via order-routing infrastructure that launched inside Phantom in December 2025.

Chainlink Steps In for ResolutionChainlink supplies World with market data and resolution infrastructure through Chainlink Data Streams and the Chainlink Runtime Environment (CRE). CRE, which Chainlink launched in November 2025, is an orchestration layer letting developers deploy workflows executed across decentralized oracle networks, extending consensus-based verification to off-chain computation and data delivery.

Other event-contract platforms have moved the same direction: Polymarket integrated Chainlink oracles in September 2025 to automate settlement of short-duration crypto price markets, and Aave adopted Chainlink Automation and CRE to automate governance operations across 18 chains. Chainlink separately struck an oracle deal with ADI Predictstreet, an official FIFA World Cup 2026 partner running its own prediction markets.

Pedro Miranda, head of consumer at the Solana Foundation, was quoted in the announcement: "Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are."

A Fast-Growing MarketWorld enters a sector that has expanded rapidly over the past year. Kalshi raised $1 billion in May at a $22 billion valuation and passed $100 billion in lifetime trading volume in June, with single-day volume topping $1 billion for the first time during a stretch of overlapping sports events. Polymarket took a $2 billion strategic investment from Intercontinental Exchange in October 2025 at roughly an $8-9 billion valuation and relaunched for U.S. users after acquiring the CFTC-licensed exchange and clearinghouse QCX for $112 million, a deal that closed after the Department of Justice and the CFTC dropped a probe into the platform.

World is not the only Solana-native entrant. Jupiter unveiled a competing "Forecast" beta on June 29 offering 15-minute bitcoin price markets, per its own announcement. Other Solana-based prediction market efforts include Drift Protocol's BET product and Hxro Network's Parimutuel Protocol.

Regulatory scrutiny of the sector continues. The CFTC, now chaired by Michael Selig, has moved to expand event-contract access rather than restrict it, publishing a formal rulemaking notice on prediction markets in June, according to the CFTC. Kalshi has continued to face state-level legal challenges over sports-related contracts even as a federal appeals court ruled in April that federal commodities law preempts state gaming law in at least one case, per Skadden's summary of the Third Circuit decision.

Onchain BackdropWorld's launch comes as trading activity on Solana has picked up after a volatile year. The network's decentralized exchange volume totaled roughly $67.3 billion over the trailing 30 days, up about 58% from the prior 30-day period, according to DefiLlama. Solana's total value locked in DeFi stood at roughly $4.85 billion, down from about $8.68 billion a year earlier, per DefiLlama.

CASH, the stablecoin World uses for settlement, launched in September 2025 as the first stablecoin issued on Bridge's Open Issuance platform. Its circulating supply has grown to about $121 million, according to DefiLlama — a fraction of USDC's roughly $73.9 billion and USDT's roughly $184.9 billion, but up from about $100 million in December, as The Defiant previously reported.

SOL traded at $76.91, up 5.6% over 24 hours and 11.5% over the past week, while LINK traded at $7.38, up 3.1% over 24 hours but down roughly 16.8% over the past month, according to CoinGecko.

Bitcoin reclaimed the $60,000 level, lifting major cryptocurrencies higher suggesting a potential long-term buying opportunity may be emerging despite lingering downside risks.

Notable Statistics:

Coinglass data shows 97,328 traders were liquidated in the past 24 hours for $398.51 million.        SoSoValue data shows net outflows of $222.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $27.6 million. In the past 24 hours, top gainers include MemeCore, Jupiter and Venice Token. Notable Developments:

Trader Notes:

Crypto chart analyst Ali Martinez says the monthly charts for Bitcoin, Ethereum, XRP and Solana are flashing Tom DeMark (TD) Sequential buy signals, a technical indicator often associated with trend exhaustion and potential reversals.

This suggests selling pressure may be fading and could mark the formation of a long-term market bottom.

Trader Jelle explained that historically Bitcoin bear markets have tended to bottom roughly a year after they begin, despite sentiment often feeling most pessimistic near the end of the cycle.

If the current cycle follows a similar timeline, the market could be about 75% through the downturn, indicating that the final phase of the bear market may be approaching. However, analysts caution that history does not guarantee the same outcome.

Trader KillaXBT expects short-term relief for Bitcoin despite maintaining a bearish longer-term outlook.

After sweeping major liquidation levels, BTC could stage a temporary rally before potentially making one final move toward the low $50,000 range.

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World, the enigma that has captivated the attention of the Solana ecosystem for several weeks, has finally been revealed as what is expected to be a highly-competitive, Solana-native prediction market.

Powered by Chainlink oracles, World prediction markets have been rolled out to Phantom users directly within the wallet, using $CASH as its settlement stablecoin.

The launch gives Solana a genuine contender in one of crypto’s most electric sectors, with prediction market giants like Kalshi and Polymarket currently dominating market share.

World Revealed as Solana’s Newest Prediction Market After sparking speculative discussions across Solana regarding its origins and intentions, World has finally been unveiled as a Solana-native prediction market. World is currently live in Phantom, with initial markets capturing FIFA World Cup matches and crypto up-or-down price movements.

Where many prediction markets rely on centralized infrastructure, offchain engines, and obscure systems, World brings the entire events contract trading experience onchain. Liquidity and execution is fully onchain, giving traders the transparency and finality that only DeFi can provide.

“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are.” - Pedro Miranda, Solana Foundation Head of Consumer

World’s oracle and resolution data will be powered by Chainlink, a collaboration the venue argues will overcome the sluggish and uncertain resolution outcomes that have plagued existing prediction markets and frustrated traders throughout 2026.

“We’re excited to see the premier prediction market on Solana adopt Chainlink as its primary oracle infrastructure. World’s integration of Chainlink is a major milestone in the broader industry trend of leading prediction markets moving away from human-driven legacy oracle solutions, to advanced decentralized oracle infrastructure that unlocks immediate market resolutions and positions the space to scale to trillions in volume.” - Johann Eid Chainlink Labs Chief Business Officer

Initial Access Rolled Out to Phantom Users For eagle-eyed network participants, and those who are perennially online, World’s unveiling as a prediction market came as no huge surprise. Announced on June 29, Phantom listed World of its new World Cup prediction markets in the wallet’s disclaimers.

At launch, World is only accessible to Phantom users, with markets settled exclusively in its proprietary stablecoin, $CASH. World has teased future frontend integrations with other applications across both traditional fintech venues and the Solana’s flourishing DeFi economy. 

Meanwhile, World’s webapp is currently unavailable, with no timeline to launch other than crypto’s ubiquitous promise of “soon”.

Solana Joins Prediction Market Race in Earnest While consistently dominating spot trading and consumer app revenue across the industry, Solana has remained uncomfortably sidelined in two of the strongest crypto application verticals in the past 18 months: Perpetual futures and prediction markets.

Progress has been made on the perps front, with emerging venues like Phoenix promising to challenge the market leaders. Meanwhile, Solana’s prediction market sector remains well behind the Kalshi-Polymarket duopoly, who have dominated the sector since its inception.

World’s launch helps evolve Solana into one of the industry’s most active and diverse onchain economies, bringing the network once step closer to solidifying its position as crypto’s “everything exchange”. With World joining the fold, Solana finally has a competitive horse in the race, promising a fully onchain, composable prediction market venue capable of challenging the incumbents.

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Solana Foundation’s Seraphim Joins the Big Picture

On paper, Solana’s [SOL] July token unlock calendar couldn’t look more bearish. 

At the macro level, the market is already in a bear phase, with large-cap assets breaking below key support levels and kicking off Q3 with clear capitulation signals. Against that backdrop, Solana’s latest token unlock schedule couldn’t have arrived at a worse time, coming right after SOL closed June down more than 10%.

Fourteen Solana-based tokens will unlock in July, as the chart below shows. PUMP tops the list, with $123.65 million worth of tokens scheduled to enter circulation on the 12th of July, increasing its circulating supply by a massive 21.35%. Several other Solana ecosystem tokens will also unlock throughout the month, increasing near-term supply pressure.

Source: X Naturally, the question is: What does this mean for SOL?

Under normal circumstances, a wave of token unlocks is typically a bearish overhang. As more tokens enter circulation, the market generally expects higher sell-side pressure, which can weigh on both token prices and ecosystem sentiment. From a technical perspective, though, Solana is telling a different story.

Despite ending June down more than 10%, the SOL/ETH pair climbed over 13% during the month, showing that Solana continued to outperform most large-cap assets on a relative basis. If anything, that relative strength suggests the market is already absorbing the expected supply overhang, potentially allowing SOL to diverge from the broader market once again.

Can Solana’s July token unlock fuel a SOL divergence?  Despite the broader market weakness, activity across the Solana ecosystem continues to hold up. 

One of the clearest examples is Pump.fun. The memecoin launchpad recently overtook both Hyperliquid and Polymarket in 24-hour revenue, underscoring the level of user activity still flowing through the Solana ecosystem. This matters because healthy on-chain activity can help absorb incoming token supply. 

The chart below reinforces that view. Solana continues to process around 1,200 transactions per second (TPS), averages roughly 100 million daily transactions, attracts 4.3 million unique Daily Active Users, and has generated more than $100 million in transaction fees year to date. 

Source: Artemis Against this backdrop, upcoming token unlocks shift the narrative.

Instead of being viewed in isolation as a supply shock, they sit alongside a network that is clearly still attracting and retaining users at scale. In turn, that demand helps reinforce relative strength in SOL.

As a result, the odds of Solana continuing to outperform other altcoins into July look increasingly likely. With liquidity expanding through additional USDC issuance on Solana and on-chain activity remaining elevated, the market appears better positioned to absorb incoming supply.

Final Summary Token unlocks add near-term supply pressure, but SOL’s relative strength suggests much of it may already be priced in. Strong on-chain activity and liquidity growth could help Solana absorb the new supply and keep outperforming.

Hernán Galíndez, Ecuador’s 39-year-old goalkeeper, announced his retirement from international football on July 1, 2026, moments after the team’s 2-0 loss to Mexico in the World Cup round of 32. Predictably, someone had already launched a Solana-based meme token loosely tied to his name.

The token has shown negligible market activity and carries no official endorsement from Galíndez, Ecuador’s football federation, or anyone with actual decision-making authority.

What actually happened on the pitch Ecuador’s World Cup campaign ended at Estadio Azteca, where Julián Quiñones scored at the 22nd minute and Raúl Jiménez doubled the lead at the 31st minute. The 2-0 deficit proved insurmountable.

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Head coach Sebastián Beccacece resigned immediately after the match.

Galíndez, visibly emotional in his post-match press conference, opened with a line that set the tone: “No voy a hablar de fútbol,” or “I’m not going to talk about football.” Instead, he thanked his wife for years of support while he was away on international duty, raising their children largely on her own. He followed with gratitude toward Ecuador’s fans for the warmth they’d shown him.

The goalkeeper had been Ecuador’s primary shot-stopper since 2021, accumulating 38 caps across two World Cups (2022 and 2026) and two Copa América tournaments (2021 and 2024). He currently plays club football for Huracán in Argentina.

The inevitable meme token, and why it doesn’t matter The token has no official connection to the player. It has no meaningful trading volume. It has attracted no serious investor interest.

Solana’s low transaction costs make it the preferred chain for these quick-launch tokens tied to trending topics. The vast majority go to zero. A small number generate short-lived trading frenzies. Almost none develop into projects with lasting value.

These tokens typically lack liquidity, have concentrated holder bases that can dump supply at any moment, and exist purely as vehicles for short-term speculation.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The World Wide Web is one of the most consequential technologies humans have ever built. Yet the people who designed it overlooked one thing: they built it for humans to use, and that is becoming a problem as automation scales.

The gap is most obvious in payments. Credit card forms, one-click checkout, and QR codes all assume a living person is at the screen, ready to authorize a transaction. Increasingly, that is not who is transacting. A growing machine-to-machine economy is taking shape, driven by autonomous protocols, decentralized applications, and software agents acting on people's behalf. These actors transact very differently from humans. They rarely hold a bank account, and they need to pay on demand only for what they consume, rather than committing to recurring subscriptions for every resource they touch.

Traditional payment rails cannot support high-frequency, fraction-of-a-cent transactions. They are too slow and too expensive, and the fees would often cost more than the value being transferred. Even blockchains, with their promise of low fees, are not efficient enough on their own to settle the smallest payments one by one.

The Graph ran into this problem early, and it had to solve it in production. The result is GraphTally, the trust-minimized payment system that lets The Graph Network settle high-frequency, sub-cent payments at scale. It is not a thought experiment. It has been the payment layer of a live decentralized network since early 2025.

Why The Graph Needed GraphTallyThe Graph is the indexing and query layer of web3, a decentralized protocol for indexing and querying blockchain data. Indexers form the backbone of The Graph Network: they organize blockchain data and serve it to the dapps, analysts, and increasingly the AI systems that query it.

Blockchains produce endless streams of data. Every time a dapp updates an asset price or reads a user's transaction history, it issues a query. Each query is worth only a fraction of a cent, but the most active Indexers serve hundreds of thousands of queries per day, and that number keeps climbing. Settling each one with its own blockchain transaction is infeasible. Even on a low-cost network, a simple transfer can cost several cents, so an Indexer serving 500,000+ queries a day could lose tens of thousands of dollars in fees alone. The Graph Network needed offchain payments with cheap onchain settlement.

GraphTally is that solution. Previously known as the Timeline Aggregation Protocol (or TAP), it is now integrated into the core protocol through Graph Horizon. It rests on a simple idea: keep a running tab offchain, and touch the blockchain only when it is efficient to settle.

How GraphTally WorksIn The Graph Network, payments flow in one direction, from a gateway (the Sender) to an Indexer (the Receiver). That one-way structure is what makes the system efficient.

Instead of transferring tokens for every query, a gateway attaches a cryptographically signed Receipt to each request. A Receipt is a verifiable IOU, a signed promise to pay a small fee for the data requested. Because Receipts are created and signed offchain, they can be processed in microseconds with no gas fees.

An Indexer cannot redeem hundreds of thousands of individual Receipts onchain; the cost would defeat the purpose. So GraphTally aggregates them. As an Indexer accumulates Receipts, it batches them into a single Receipt Aggregate Voucher (RAV), which represents the running total owed. When the time comes to settle, the Indexer submits one RAV to the blockchain, compressing a large batch of micropayments into a single transaction.

GraphTally also keeps gateways honest through a threshold the Indexer controls: the maximum amount it is willing to risk in unaggregated Receipts. If a gateway keeps querying past that limit without settling, the Indexer stops serving it. Onchain, smart contracts verify each RAV, hold gateway funds in escrow, and release payment only against valid submissions. Gateway withdrawals require a thawing period, giving Indexers time to claim anything outstanding.

The result meets every requirement the network had: high throughput, since the bottleneck is a fast cryptographic signature; stateless and horizontally scalable senders; trust minimization, since an Indexer can always claim what it is owed onchain without further cooperation from the gateway; and low cost, since the main onchain expense is verifying a single signature.

The Same Ideas, Running in Production EarlyGraphTally was built to solve a specific, concrete problem: paying Indexers for the data they serve. But the problem it solves, trust-minimized micropayments between machines at high frequency, is exactly the problem the wider internet is now confronting as software agents come online.

The clearest signal is x402, an open standard from Coinbase and Cloudflare that revives the dormant HTTP 402 "Payment Required" status code so that any service can charge per request. It is a genuinely important step toward internet-native payments. What is striking, for a broader audience trying to understand where this is heading, is how many of x402's core ideas were already live inside The Graph Network months before x402 was announced. The Graph did not follow this pattern; it shipped it early, because a decentralized network serving real query traffic forced the issue.

Consider the parallels, none of which imply that one project derived from the other:

There is even a place where GraphTally went a step further. High-frequency payment is only half the problem; the harder half is settling all that activity onchain without the fees swallowing the value. GraphTally's answer, aggregating many Receipts into a single RAV so that a large batch of micropayments settles in one transaction, is precisely the optimization a network serving hundreds of thousands of queries a day cannot live without. It is the kind of detail you only solve when you are running the system for real.

The two systems are not rivals; they are complementary layers of the same pipeline, and The Graph runs both. Subgraphs on The Graph Network now accept x402 payments directly. At the consumer-facing layer, x402 lets agents and applications pay a Subgraph Gateway for per-query access in USDC over HTTP, with no API key, account, or session. At the layer beneath it, GraphTally is the system that lets Indexers accept trust-minimized payments from those gateway operators for the queries they actually serve. A request can flow end to end as machine-native payment: an agent pays a gateway through x402, and the gateway settles with its Indexers through GraphTally. The Graph both helped prove the pattern early and adopts the emerging open standard where it fits, rather than treating the two as a choice.

This is the point worth making for a general audience. Permissionless, machine-native payments are not a future feature The Graph is waiting on; they are infrastructure The Graph already builds, ships, and operates at network scale. The Graph set out to pay its own Indexers, and in doing so it battle-tested a piece of the machine-to-machine economy that the rest of the industry is now standardizing in the open.

About The GraphThe Graph is a suite of blockchain data infrastructure products that extract, process, and deliver scalable blockchain data solutions across 60+ networks. The Graph enables application developers, data analysts, AI agents, and enterprise teams that need structured, real-time access to blockchain data. Products include Subgraphs, Firehose, Substreams, and Amp. As of early 2026, The Graph has served over 1.27 trillion queries to more than 75,000 projects, powered by a network of independent Indexers around the world.

Follow The Graph on X, LinkedIn, Instagram, and Reddit. Join the community on The Graph’s Telegram, join technical discussions on The Graph’s Discord.

Nike (NKE) stock slid about 1% on Wednesday, briefly trading at $40, its lowest level in about 12 years. The fall came despite an earnings beat, because most of the profit came from a one-time tariff refund.

That refund flattered the headline number and did nothing to fix Nike’s shrinking sales. Wall Street responded by trimming price targets, and the charts now point to more downside.

Nike Price Yearly Timeframe: TradingViewWhy the Earnings Beat Triggered Target CutsHere is the earnings loophole the title promised. Nike reported a profit of $0.20 per share and beat the $0.13 that Wall Street expected. But most of that profit did not come from selling shoes.

$NKE Q4 2026 earnings: A 407% Earnings Jump That Isn't Real

*** Updated after the call:

Nike's headline looks spectacular: EPS up 414% to $0.72, net income up 407%, gross margin up 890 basis points. Almost none of it is operating progress. A $986 million one-time recovery of… https://t.co/zX5sWyk9uO

— Finsee (@Finsee_main) July 1, 2026 About $0.52 per share (a large part of the $0.72 EPS) came from a $986 million tariff refund, money the government returned after the Supreme Court struck down many of the levies. That is a one-time payment, not a recurring business model.

Take the refund away, and Nike still looks weak. Sales slipped to $10.97 billion, and sales in China fell 12%.

Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.

The market response shows how little faith investors have. A monthly chart from earlier shows Nike has now given back its entire pandemic-era run and sits back at prices last seen in early 2014.

Because the profit was a one-off, analysts cut their price targets instead of raising them. Goldman Sachs trimmed its target to $42 from $46 post-results, and JPMorgan cut to $47 from $52.

UBS stayed the most constructive at $48. Jefferies remains the lone bull among these analysts at $90.

Nike Analyst Price Targets: TipRanksEven so, most reduced targets sit only slightly above the last close near $41. In other words, the Nike stock price upside is not what analysts are betting on right now.

The soft outlook has therefore shifted attention to traders’ positioning.

Bearish Bets Are Building Against Nike StockOptions traders turned defensive fast. The put-call ratio, which compares bearish put bets to bullish call bets, jumped to 1.14 on June 30 from 0.53 on June 26.

A ratio above 1 means puts now outnumber calls. That marks a sharp swing toward hedging and downside bets around nike earnings.

Put/Call Ratio: BarchartMeanwhile, volume tells the same story. Nike traded 73.89 million shares, its second-heaviest session since early April, and it came on a down day.

Additionally, Chaikin Money Flow (CMF), a proxy for institutional buying and selling pressure, sits at -0.29. The deep negative reading suggests big money is not stepping in to catch the fall.

More so when the Nike price chart clearly shows a bearish head-and-shoulders pattern with a 14% potential dip.

Weak Money Flow And Rising Sell Pressure: TradingViewWith flows and positioning aligned bearishly, the price chart becomes the decider.

Nike Stock Price Levels to WatchThe daily chart shows a head-and-shoulders pattern. Nike’s head formed near $47, with a right shoulder around $42.

The neckline now sits near $39, roughly 3% below the last close. A clean break there would confirm the pattern and open the door toward $38 as the first bearish target.

Below that, the measured move points to about $34, with $33 as the deeper extension target. That path frames the dramatic downside now in play.

The bulls still have a case, but it needs work. Nike must reclaim $41 quickly, and a daily close above $42 would signal real strength, the same level analysts already expect the stock to prove.

Nike Price Analysis: TradingViewA push over $43 would improve the tone, while a move above $46 would weaken the bearish setup. Moreover, a clean daily break above $47 cancels the pattern entirely. Traders should note that head-and-shoulders patterns only confirm once the neckline breaks on volume, and failed breakdowns are common.

For now, the $39 neckline separates a slow base-building recovery from a deeper slide toward $34.

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

Shiba Inu is going through another challenging time as buyers fight to regain control and market activity continues to decline. Even though the cryptocurrency market as a whole is still under pressure, SHIB is exhibiting especially worrisome signs as on-chain and technical indicators suggest that investor confidence is waning. 

Shiba Inu is in well-established downtrendTrading activity is the most concerning indication. For an asset that used to frequently record multi-trillion-token trading sessions, SHIB's volume over the last 24 hours was a pitiful 438 billion tokens. This low level of participation indicates that speculative interest is waning, making the market susceptible to additional declines. SHIB is still trading within a well-established downtrend on the chart. 

SHIB/USDT Chart by TradingViewOne of the few remaining bullish structures on the daily timeframe was eliminated when the asset recently broke below a short-term consolidation pattern that had emerged throughout June. SHIB fell toward the $0.0000042 region after the breakdown and is still below all major moving averages as of right now. There are several layers of resistance because the 50-day, 100-day, and 200-day moving averages are all above the current price. 

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Agressive stance has been takenThere will probably be a lot of selling pressure on any recovery attempt until SHIB is able to recover at least the short-term average. Data on market flow presents an equally pessimistic picture. Spot markets have consistently seen net outflows, but futures flows are still erratic and weak. More significantly, liquidations have been virtually nonexistent, suggesting that neither bulls nor bears have taken an aggressive stance. 

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Markets frequently enter periods of stagnation when both leverage and volume decline at the same time. These periods typically end in favor of the dominant trend, which is still negative for SHIB. There is little relief from on-chain metrics. Although active addresses and transaction counts are still too low to counteract the overall drop in market participation, exchange reserves are still trending lower, which is generally seen as positive. 

There is activity in exchange inflows and outflows, but there is no obvious indication of significant accumulation that could buck the current trend. Weak market participation, a declining technical structure, and collapsing volume all point to bulls progressively losing control.  

Shiba Inu is experiencing a period of instability as buying activity struggles to regain momentum. While crypto markets continue to face overall downward pressure, both technical indicators and on-chain data imply that investor confidence in SHIB remains fragile. Alongside the price movement, the marked decline in trading volume underscores that selling pressure has yet to ease in this popular memecoin.

Trading activity and technical outlook weakenAmong the most notable indicators is the sharp drop in trading activity. Once seeing sessions with trillions of tokens changing hands, SHIB’s trading volume stayed at just 438 billion tokens over the past 24 hours. This significant slowdown points to a waning speculative interest, leaving the token more susceptible to pullbacks. Developed on the Ethereum network and backed by a large community, Shiba Inu has stood out as a leading memecoin, but the current data suggest its appeal is fading.

On the daily chart, even the limited positive structure in SHIB has broken down, with the price slipping below the short-term consolidation range established throughout June.

The downward break of this short-term consolidation pattern has further worsened the technical view in the daily timeframe. Following the breakdown, SHIB retreated toward the $0.0000042 region. The asset continues to trade below its 50-day, 100-day, and 200-day moving averages, indicating that any attempted rebounds will face multiple resistance levels ahead.

IndicatorCurrent status24-hour volume438 billion tokensPrice rangeAround $0.0000042Moving averagesBelow the 50-day, 100-day, and 200-day averagesMarket flows reveal persistent selling pressureUnless SHIB manages to recover above short-term moving averages, any attempts at a rebound are likely to meet robust selling. Outflows from spot markets have persisted consistently, while flows in the futures markets have remained weak and irregular. This structure signals that there is no clear build-up of buying or selling power underpinning a directional move.

The extremely limited number of liquidations indicates that neither buyers nor sellers hold a strong and decisive position in the market.

Periods when both leverage and trading volume drop sharply often signal a move into a stagnant phase. Such phases usually resolve in favor of the prevailing trend, which in SHIB’s case remains downward. Therefore, low-volume sideways trading alone does not offer a reliable sign of stability for this asset.

On-chain data show no strong accumulationOn-chain indicators do little to brighten the outlook. While a decline in reserves held on exchanges is generally interpreted as positive, the number of active addresses and total transactions have not risen enough to offset the overall weakness in participation. Although inflows and outflows continue, current data do not point to a meaningful wave of accumulation in the SHIB market.

Taken together, weak market participation, a deteriorated technical structure, and a sharp fall in volume all suggest that buyers are gradually losing control. For SHIB to regain upward momentum in the short term, both volume and the price structure will need to show clear and sustained signs of recovery.

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

The cryptocurrency market shows subtle signs of rebounding on Wednesday after facing intense headwinds over the past few weeks, largely attributed to geopolitical tensions, macroeconomic uncertainty and risk-averse sentiment. Dogecoin (DOGE) and Shiba Inu (SHIB) are holding above pivotal support levels at $0.0700 and $0.0000040, respectively, suggesting investors are ready to reengage.

DOGE, SHIB derivatives signal caution as risk-off mood lingersDogecoin derivatives are holding steady, with perpetual futures Open Interest (OI) at $983 million on Wednesday, up only slightly from $971 million the day before. Despite the stability, retail uptake remains significantly lower than the $1.77 billion OI recorded in early May and the record peak of $6 billion in July, 2025. Consistent retail investor interest remains a key driver underpinning Dogecoin’s short to medium-term bullish prospects.

Dogecoin Futures OI | Source: CoinGlassAs for Shiba Inu, retail demand continues to fade, as evidenced by futures OI falling to $26 million on Wednesday, from nearly $32 million the day before. Appetite for SHIB derivatives has not improved since the beginning of the year, given that OI peaked at $145 million on January 6. The current outlook pales in comparison to the record high of $542 million set in January 2025.

Shiba Inu Futures OI | Source: CoinGlassPrice analysis: Dogecoin bulls defend key supportDogecoin trades at $0.073, marking a slight rebound from the immediate $0.070 support. However, the meme coin still maintains a bearish near-term tone as price holds below the Bollinger middle band at roughly $0.080 and well under the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs).

The Relative Strength Index (RSI) around 26 signals oversold conditions on the daily chart, yet the Moving Average Convergence Divergence (MACD) histogram remains slightly negative, suggesting that downside momentum is still present even if stretched.

DOGE/USDT daily chartInitial resistance lies at the Bollinger middle band near $0.080, followed by the 50-day EMA and the Bollinger upper band around $0.090 , with the 100-day EMA at about $0.090 and the 200-day EMA near $0.110 reinforcing a broader supply zone above. On the downside, the Bollinger lower band at approximately $0.070 offers immediate support. A decisive break below this floor would expose fresh lows, while any rebound from this area would likely struggle as long as price remains capped beneath the mentioned EMA band.

Shiba Inu rebounds as support holdsShiba Inu trades at $0.0000043, up over 3% on the day. The meme coin aligns with a broader short-term recovery in the crypto market, supported by the RSI, hovering above 35 on the daily chart. Despite the ongoing rebound, the RSI remains significantly below the midline, suggesting a need for stronger follow-through momentum.

SHIB/USDT daily chartInitial resistance is highlighted by the 50-day EMA at $0.0000049, followed by the descending trendline, referenced at $0.0000054. Above these barriers, the 100-day EMA could slow the recovery at $0.0000055 ahead of the 200-day EMA at $0.0000065. On the flip side, Shiba Inu sits above the initial psychological support at $0.0000040. A decisive close below this demand area could affirm an extended bearish outlook.

(The technical analysis of this story was written with the help of an AI tool.)

Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.

Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.

A new decentralized exchange born from a collaboration between dYdX Labs and Robinhood Crypto is officially open for business. Arcus, which offers perpetual futures and tokenized equities, went live after roughly a year of development, marking one of the more ambitious attempts to merge traditional finance assets with DeFi infrastructure.

The platform currently supports live spot trading across 95 Stock Tokens and 35 Real World Asset perpetuals. Access to perpetual contracts remains on a waitlist for now.

What Arcus actually is The platform runs on Robinhood Chain, an EVM-compatible Layer-2 solution that enables 24/7 trading. Robinhood brings a retail user base exceeding 25 million people, and Arcus is positioning itself to tap directly into that audience.

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Eddie Zhang serves as CEO of Arcus. Zhang previously worked at Meta and co-founded Pocket Protector, a social trading app that dYdX acquired in July 2025. That acquisition was explicitly part of building toward the Arcus launch, bringing product development talent and social trading expertise into the fold.

Antonio Juliano, the founder of dYdX, has called Arcus the best advancement for the dYdX ecosystem.

Why dYdX needed a new approach dYdX Chain, the protocol’s v4 iteration, achieved full decentralization of an order book-based perpetuals exchange. The problem was that being fully decentralized didn’t automatically translate into being fast or easy to use. Platforms like Hyperliquid and others gained significant traction by prioritizing speed and user experience, and dYdX’s share of on-chain perpetuals volume shrank.

Token economics and community incentives Arcus hasn’t launched a token yet, but any future Arcus token will reserve allocations specifically for dYdX community members, granting them priority access and trading capabilities on the platform.

What this means for investors Perpetual contracts are still waitlisted, meaning the core product isn’t fully live yet. How quickly the team opens up perpetuals access, and how the platform performs under real trading load, will determine whether Arcus becomes a genuine competitor.

The social trading elements inherited from the Pocket Protector acquisition could also prove to be a differentiator. Pocket Protector had over 50,000 users prior to acquisition. Bringing copy trading and social mechanics to a decentralized environment, where trades settle on-chain and users maintain custody, would be a new offering in the market.

Traders and investors should watch three things closely: the timeline for opening perpetuals access beyond the waitlist, early volume numbers once perps go live, and any announcements around the Arcus token launch and its specific allocation mechanics for dYdX holders.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The Associated Press reported Wednesday that Trump had brought in roughly $1.2 billion in 2025 through cryptocurrency businesses.

President Donald Trump on Wednesday insisted that he was not in contact with the people managing his money while in office in response to reports that he had made more than $1 billion through cryptocurrency while in office.

"I purposely, I never speak to any of the people that run my money," he told reporters. "Well, you know why I'm profiting? The stock market's going up."

The Associated Press reported Wednesday that Trump had brought in roughly $1.2 billion in 2025 through cryptocurrency businesses.

"I've made a lot of money before I became president and they invest my money," he added, saying he maintained a "blind account" in which he did not personally manage his assets.

Ben Whedon is the Chief Political Correspondent for Just the News. Follow him on X.

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Most major EU crypto platforms have begun restricting access to users due to the implementation of the Markets in Crypto-Assets (MiCA) regulations. However, GMX, a decentralized perpetual exchange, announced that its smart contracts remain open to all users, including those in the EU. This divergence underscores the regulatory impact of MiCA, which mandates that centralized platforms comply with stringent authorization and operational requirements, while decentralized protocols like GMX are less affected due to their lack of a centralized operator. The new rules, effective July 1, 2026, conclude an 18-month transition period for EU-based Crypto-Asset Service Providers (CASPs) to comply or cease operations.

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Key Takeaways Market activity suggests a possible decrease in Bitcoin’s future price expectations, with implications that regulatory pressures like MiCA could hinder market growth. GMX’s ability to operate outside MiCA’s scope could provide it an advantage over centralized platforms now facing stricter compliance requirements. The adjustment in Bitcoin market pricing appears consistent with participants viewing regulatory developments as a constraint on the cryptocurrency reaching higher price targets. What to Watch The EU’s MiCA regulations have introduced significant changes for crypto platforms, with centralized exchanges facing new compliance hurdles. Observers should monitor how these developments affect user behavior and market dynamics, particularly if decentralized platforms like GMX attract users from centralized exchanges. Additionally, the response from key market actors and potential regulatory adjustments will be crucial in determining the future landscape for crypto assets in the EU.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 1.8% — — View market → December 31 2.1% — — View market → December 31 2.3% — — View market → December 31 3% — — View market → December 31 5.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 44.5% — — View market → January 1 2027 8.5% — — View market → January 1 2027 1.7% — — View market → January 1 2027 2.4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 82% — — View market → January 1 2027 15.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 4.2% — — View market → January 1 2027 62.5% — — View market → January 1 2027 29% — — View market → January 1 2027 11.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.3% — — View market → January 1 2027 2.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 1% — — View market → January 1 2027 12% — — View market → January 1 2027 20.5% — — View market →

At a London keynote, the trading platform opened its Arbitrum-based Layer 2 to the public, rolled out new stock tokens and a Morpho-powered lending product, and confirmed launches in Canada and Singapore alongside plans for crypto trading in the UK.

Robinhood put its blockchain ambitions into production on July 1, launching the public mainnet of Robinhood Chain and pairing it with a wave of trading and lending products built to run on top of it.

The announcements came during a keynote called "Robinhood Presents: The World is Flat," streamed live from the Old Royal Naval College in London and hosted by CEO Vlad Tenev and Johann Kerbrat, SVP and General Manager of Crypto and International.

"Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate," Kerbrat said in the announcement. "We're bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe."

Robinhood Chain Moves From Testnet to MainnetRobinhood Chain first went live as a public testnet in February, when the company launched the Arbitrum-based Layer 2 at Consensus Hong Kong. The network is now live in production, with Robinhood describing it as an institutional-grade, permissionless chain built for tokenized real-world assets and DeFi primitives like onchain lending and borrowing.

Uniswap is deploying a dedicated automated market maker on the chain to act as a public liquidity venue, and a firm called Pleiades is deploying its own AMM as a proprietary trading venue, according to Robinhood. The company also named Alchemy, BitGo, and Chainlink as infrastructure partners providing custody, oracle, and data services.

Stock Tokens Go Live in the Robinhood WalletRobinhood is rolling out a new version of its tokenized-equity product, called Stock Tokens, inside the Robinhood Wallet in more than 120 countries, though availability depends on jurisdiction. Under the new structure, eligible users can trade around the clock on Robinhood Chain and use the tokens as collateral or deposit them into lending pools across DeFi. Trading will route through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus, and 1inch.

Per Robinhood's disclosures, Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of the underlying stock but do not confer any legal or beneficial ownership in the security itself — a distinction that drew scrutiny when Robinhood first launched tokenized shares of OpenAI and SpaceX in the EU last year and OpenAI publicly said it had not endorsed or partnered on the product. The original version of the product, now called Classic Stock Tokens, remains available as a derivative contract through the Robinhood Europe app.

Stock Tokens are not available to US persons and are restricted in a number of other jurisdictions, including Canada, the UK, Switzerland, and the UAE, according to Robinhood.

Onchain Lending Robinhood is also rolling out Robinhood Earn to eligible US users, a self-custody lending product that lets people lend USDG for an estimated 7% APY. Robinhood said the lending runs on Morpho, the lending protocol that currently holds roughly $6.6 billion in total value locked across chains, according to DefiLlama.

Robinhood named Steakhouse, Ethena, Spark, and Maple as partners on the product and said losses from cyber or smart-contract exploits are covered by insurance procured through Lloyd's of London and RELM.

Perpetuals Expand in the Wallet and in EuropeRobinhood updated its self-custody Wallet app to integrate more directly with Robinhood Chain, and eligible users in select jurisdictions can now trade perpetual futures on Lighter, a decentralized derivatives exchange, from within the Wallet.

Lighter said it has committed $11 million worth of its LIT token to Robinhood users, who can earn points toward that allocation at a 2x rate when trading through the Wallet versus 1x on Lighter's own app. LIT was trading around $1.65 on CoinGecko at time of publication, with the token's most recent moves tied to momentum around the CLARITY Act, US market-structure legislation, rather than the Robinhood integration.

Separately, Robinhood is expanding perpetual futures in Europe beyond crypto for the first time. Eligible EU users can now trade perpetuals on commodities, ETFs, and FX pairs — including gold, silver, QQQ, EUR/USD, WTI and Brent crude, and EWY — with up to 10x leverage, rolling out in waves. Crypto perpetuals became one of Robinhood's fastest-growing products in Europe after the company expanded its regulated platform to 30 EU and EEA countries last year.

In the US, Robinhood is introducing maker order types for crypto traders, with fees as low as 0% based on volume for professional and advanced traders providing liquidity.

Global FootprintRobinhood said it now serves nearly 28 million customers across 38 countries on three continents, and it paired the keynote with several regional updates.

Robinhood said it plans to launch crypto trading in the UK "soon," a step that would add crypto to the equities, options, and futures products already offered through Robinhood UK Ltd, which is regulated by the Financial Conduct Authority.

In Canada, Robinhood said its app is now officially available to Canadian residents, following the close of its acquisition of WonderFi, the parent company of crypto platforms Bitbuy and Coinsquare. Crypto services in Canada are offered through Coinsquare Capital Markets Ltd., and Robinhood said Canadian customers will pay zero trading commissions through September 30.

Robinhood Singapore said it has received a capital markets services licence from the Monetary Authority of Singapore, which the company described as a significant step toward offering brokerage services in the country. MAS had granted Robinhood in-principle approval for the licence in April, according to earlier reporting, meaning Wednesday's announcement marks the conversion of that preliminary approval into a full licence.

Agentic Trading Extends to CryptoRobinhood is preparing to expand Agentic Trading to crypto for eligible US users. The company introduced Agentic Trading and the Agentic Credit Card in late May, letting customers connect third-party AI agents to a dedicated account through Robinhood's Trading MCP server; that initial beta supported equities, with options and other asset classes described as coming later.

Robinhood said the crypto version will let eligible traders connect an AI model of choice to Robinhood's data and execute strategies automatically, while giving users control over capital allocation and safety guardrails. The company said Agentic Trading for crypto will roll out at no additional cost.

Robinhood's own disclosures caution that agentic trading carries the risk that AI agents can misinterpret instructions, act on outdated information, or behave unexpectedly, and that the company does not guarantee the accuracy of any agent-generated trade.

Robinhood shares (NASDAQ: HOOD) were trading around $108, up more than 7% on the day, according to StockAnalysis.com — a move that predates the keynote and tracks with strong preliminary June trading volumes and a string of Wall Street price-target increases in the days before the event, rather than a reaction to Wednesday's announcements.

Robinhood Chain joins the ecosystem of 30+ dedicated blockchains built with the Arbitrum Platform. 

For companies looking to deploy category-defining onchain products, Robinhood Chain provides the blueprint for a 'launch-and-migrate' model using the Arbitrum Platform: first, launch on Arbitrum One to validate usage patterns, then, migrate to a dedicated blockchain as your product demands deeper, granular control over onchain operations.

It started in 2025 when Robinhood launched Classic Stock Tokens for customers in Europe, bringing tokenized U.S. stocks and ETPs to market on Arbitrum One. Building on this, the launch of Robinhood Chain enabled a more customized infrastructure designed to satisfy precise performance, security, and regulatory requirements. This environment establishes a robust foundation for the integration and development of decentralized financial primitives.

Why Robinhood Chain built with the Arbitrum PlatformRobinhood Chain leveraged the Arbitrum Platform’s extensive customizability to tailor its infrastructure for financial services. Below is a look at the specific capabilities they utilized to power their requirements.

Low-latency execution
Configurable block times and preconfirmations to achieve 100ms latency, delivering consumer-grade responsiveness while maintaining settlement-grade finality.

Predictable transaction pricing
A Dynamic Pricing model for adaptable cost structures, helping ensure predictable unit economics for financial products.

High-throughput performance
Capacity to handle large transaction volumes while maintaining consistent response times, even during periods of significant market activity.

Together, these capabilities gave Robinhood Chain a dedicated blockchain that was customized to meet their specific business requirements. 

A mainnet launch for global fintech Robinhood Chain marks an important step forward for global fintech on the Arbitrum Platform.

It brings together consumer distribution, tokenized RWAs, and dedicated blockchain infrastructure in one production environment. It also shows how the Arbitrum Platform can support businesses that need infrastructure tailored to their product, users, and compliance requirements.

Explore Robinhood Chain

The Winklevoss twins have transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, with Arkham Intelligence identifying the transactions as matching their usual selling pattern.

Summary

Arkham Intelligence flagged the Winklevoss twins’ $67 million Bitcoin and Ethereum transfers to Gemini as matching previous selloff patterns. Bitcoin remains under pressure as Citigroup cuts its price target and ETF outflows continue weighing on market sentiment. Ethereum holds near key support despite continued treasury purchases from SharpLink and Bitmine failing to offset whale selling. According to blockchain analytics firm Arkham Intelligence, Cameron and Tyler Winklevoss moved roughly $60 million in Bitcoin (BTC) and another $7 million in Ethereum (ETH) from custody to hot wallets linked to the Gemini crypto exchange on July 1. Arkham characterized the transfers as consistent with the twins’ previous selloff behavior, although the firm did not confirm that the assets had already been sold.

THE WINKLEVOSS TWINS ARE SELLING BITCOIN

The Winklevoss Twins just moved $60M of BTC to Gemini, and $7M of ETH. This activity pattern matches usual selling patterns (custody > hot wallet).

The Winklevosses still hold over $300M of BTC. They made ~$1.7 Billion from Bitcoin since… pic.twitter.com/OXtxB2QBqO

— Arkham (@arkham) July 1, 2026 The latest transfers come as Bitcoin and Ethereum continue trading under pressure following quarter-end selling and persistent weakness in investor sentiment. Recent price declines have also coincided with reduced expectations that the CLARITY Act will pass this year after U.S. President Donald Trump disclosed a $1.4 billion crypto-related windfall, a development some market participants have linked to shifting legislative expectations.

Since accumulating Bitcoin in 2015, the Winklevoss twins have realized about $1.7 billion in profit, according to Arkham Intelligence. Despite the latest transfers, they still control more than $300 million worth of Bitcoin. The July movement also follows earlier transfers to Gemini, including about $67.5 million in Bitcoin during June and another $130 million moved in March.

Bitcoin continues to face selling pressure Citigroup has turned more cautious on the two largest cryptocurrencies, lowering its 12-month Bitcoin price target to $82,000 from $112,000 while reducing its Ethereum forecast to $2,240 from $3,175.

Bitcoin fell as low as $57,747 over the past 24 hours before recovering to trade near $58,600. Trading volume rose about 9% during the same period, while June recorded roughly $4.5 billion in net outflows from U.S. spot Bitcoin exchange-traded funds, adding to the pressure on market sentiment.

Commenting on current market conditions, crypto analyst Ted Pillows wrote, “Sellers are still dominating, while Coinbase Bitcoin Premium is at its lowest level this cycle.” He added that losing the $57,000-$58,000 support region could expose Bitcoin to a deeper decline toward the $50,000 level.

Ethereum buyers continue accumulating despite weakness Ethereum has also remained under pressure even as several companies continue adding the asset to their corporate treasuries. As previously reported by crypto.news, quarter-end selling, whale distribution, and weak institutional flows have kept Ether pinned near the $1,500 support area despite ongoing buying from public companies.

Corporate accumulation has nevertheless continued. SharpLink recently disclosed the purchase of another 10,000 ETH at an average price of $1,611, spending about $16.1 million to expand its treasury.

Separately, Bitmine acquired 27,084 ETH over the past week, increasing its holdings to more than 5.7 million ETH. According to crypto.news, those purchases have so far failed to offset continued selling by whales and institutional investors.

Ether was trading around $1,572 at the time of writing, down about 1% over the past 24 hours after moving between an intraday low of $1,549 and a high of $1,600. Trading volume also declined during the session.

Crypto.news reported earlier today that the $1,500-$1,510 region remains Ethereum’s most important support zone. A break below that level would invalidate the current consolidation structure and could open the door to declines toward $1,400 before attention turns to the $1,200 area identified by several market participants.

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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.

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Paradigm-backed collateral markets platform Symbiotic is continuing to expand beyond its restaking roots with the launch of Symbiotic Core V2 on Wednesday. 

"Symbiotic started out and was previously known as a restaking protocol, but Symbiotic Core V2 marks its transition into collateral markets, and it's the upgrade that makes that shift official," a representative told The Block. “Going forward, the protocol is focused on building infrastructure and products for collateral markets."

In other words, instead of every DeFi app, from insurance pools and credit protocols to RWA vaults and otherwise, needing its own isolated pile of locked-up capital, each can now share in a common collateral base.

Symbiotic V2 One of V2’s key unlocks is enabling capital to remain productive when not being used to secure other financial products. 

According to the announcement, capital committed to Symbiotic vaults can be dynamically routed into blue-chip lending protocols like Aave and Morpho when not actively needed to generate base yields. When obligations arise, the framework automatically recalls funds for enforcement.

Symbiotic noted that each vault’s risk and terms are "defined separately," meaning they maintain independent risk parameters, allocation limits, accepted collateral types, and loss conditions, all executed onchain. Pooling collateral like this reportedly leads to 70% more capital efficiency than standalone liquidity pools.

The first product built on Core V2, Liquid Lane, introduced last month, creates a shared capital layer for instant RWA settlement, allowing one vault to service redemptions across multiple tokenized assets through a competitive market while the underlying capital continues earning returns. Investors can exchange tokenized funds, private credit products and other RWA assets for stablecoins nearly instantly, rather than waiting for the full redemption window, sometimes stretching for months.

Midas was reportedly the first issuer on Liquid Lane, with Fasanara Capital, the $6 billion institutional asset manager behind the tokenized credit fund mGLOBAL, serving as its initial curator. Onchain asset manager KPK also joined Liquid Lane last month as a vault curator.

Nexus Mutual plans to leverage the platform for expanded DeFi insurance capacity, while Cap is using it to scale institutional credit guarantees.

"Shared collateral is especially important for onchain cover, where demand for protection is outgrowing what any single balance sheet should carry alone," Nexus Mutual founder Hugh Karp told The Block. "Symbiotic enables delegated capital to sit behind Nexus Mutual as reinsurance capacity, with first-loss and second-loss exposure defined separately. This allows Nexus Mutual to provide the deeper, enforceable cover DeFi needs to support larger markets.”

Symbiotic raised raised $29 million in a Series A funding round in April 2025 led by Pantera. In addition to support from Coinbase Ventures and other, over 100 angel investors joined the round, including individuals from Aave, Polygon and StarkWare.

It also raised a $5.8 million seed round co-led by Paradigm and cyber.Fund.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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