BlockBeats will organize the key industry news content of the week (7.1-7.6) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Trump officially signed the "Big Beautiful Bill", but crypto tax incentives were not included
On July 5, US President Trump signed the "Beautiful Big Bill" on July 4 local time, making it effective. The U.S. House of Representatives passed the "Beautiful Big Bill" promoted by President Trump on the afternoon of the 3rd with 218 votes in favor and 214 votes against. The bill has been controversial for cutting federal aid, increasing long-term debt, and cutting taxes for the rich and large companies. The bill was passed by the Senate on the 1st of this month, but due to lack of time, it failed to include important tax amendments that would have benefited crypto users. A crypto policy leader lamented the result, calling it a "missed opportunity" for the industry. Related reading: "What exactly is the "Beautiful Big Bill" that made Musk furious?" , "Decoding the "Beautiful Big Bill": Shaping a new landscape for the crypto and stablecoin markets"
Musk announced the formation of the American Party due to dissatisfaction with the passage of the "Beautiful Big Bill" and hinted that he would participate in next year's midterm elections
On July 1, Musk posted that if the "Beautiful Bill" was passed, he would establish a new American political party the next day. On the 6th, Musk posted an announcement to form the American Party, saying, "When our country went bankrupt due to waste and corruption, we lived in a one-party system, not a democracy. Today, the American Party was established to give you back your freedom." On the same day, Musk hinted that the "American Party" would participate in next year's midterm elections in response to community questions. In response to netizens' speculation that the political platform of the "American Party" may include reducing debt spending, promoting the development of AI technology, and fully relaxing regulations, Musk replied, "That's right!"
The ancient Bitcoin whale that has been dormant for 14 years activated more than 80,000 BTC this week, with a return rate of about 140,000 times
On July 4, according to Lookonchain monitoring, a Bitcoin whale that had been dormant for 14 years has fully activated 80,009 BTC under the address, worth $8.69 billion. The whale received 20,000 BTC on April 2, 2011, which was worth $15,600 at the time and is now worth $2.18 billion, with a return rate of up to 140,000 times. According to Coinbase director Conor Grogan, the whale may have come from an independent miner in 2011. It once collected mining rewards for 180 blocks and had an address containing 200,000 bitcoins in 2011, which is worth about $22 billion today. This is one of the top five wallets in history.
Robinhood launches tokenized stock product based on Arbitrum and is building a Layer 2 network dedicated to RWA
On June 30, digital broker Robinhood (HOOD) announced at its product launch in Cannes that it will expand its crypto business through a series of new initiatives, including developing its own blockchain network based on Arbitrum (tentatively named Robinhood Chain) and launching tokenized stock trading. The company has launched a tokenized stock product based on Ethereum Layer 2 network Arbitrum for European users, covering more than 200 US stocks and ETFs, supporting all-day trading on weekdays. Robinhood said in a statement that the move will upgrade its European crypto application to a "crypto-driven all-around investment platform." The new chain based on the Arbitrum technology stack is designed to support all-weather trading, self-custody and cross-chain transfer of tokenized assets. People familiar with the matter revealed that it may be launched at the end of this year or early next year. Related reading: "Robinhood's high-profile product launch in Cannes in summer completely detonated the competition among brokerages on the chain" , "Dialogue with Robinhood co-founder: Why do we want to build our own chain? | In-depth interview" , "Robinhood press conference, why is the "old money style" so popular? 》 、 "With so many technology stacks, why did Robinhood choose Arbitrum to launch its chain?"
Robinhood Gives OpenAI and SpaceX Tokens to Eligible European Users; OpenAI Denies Authorizing Robinhood
On June 30, Robinhood announced that Robinhood EU has launched the world's first batch of non-listed company stock tokens, including OpenAI and SpaceX tokens. Robinhood EU is giving away the first batch of private company stock tokens of Open AI and Space X for free. On July 3, OpenAI officially issued a statement denying that it authorized Robinhood to launch related tokenized stocks. The so-called "OpenAI tokens" are not company equity, nor have they established any partnership with Robinhood or participated in endorsement-related projects. On the same day, Robinhood CEO Vlad Tenev responded that "tokenized stock promotion is the seed of a larger vision. These tokens are not technically equivalent to stocks, but still allow retail investors to track changes in company valuations. Users can see the specific mechanism in our terms." The brokerage's official website also clearly stated that these "stock tokens" are not real company equity, but a blockchain-based derivative contract whose price tracks the market value changes of real stocks. Related reading: "Why doesn't OpenAI want to trade "stocks" on Robinhood?"
FTX creditor representative: 82% of FTX's restricted claim funds come from Chinese users. If it is determined to be restricted, the claim funds may be confiscated
On July 4, Sunil, a representative of FTX's creditors, posted on social media that among FTX's restricted country claims, 82% of the claim funds belong to Chinese users, but cryptocurrency trading is not currently allowed in China, and there are no authorized distributors. According to the documents provided by Sunil, FTX will seek legal advice, and if distributions can be made to potential restricted foreign jurisdictions, it will do so. If it is determined that the residents belong to restricted foreign jurisdictions, the claims will be disputed and the distributions may be confiscated. Related reading: "FTX liquidation leads to legal disputes, Chinese users may lose eligibility for compensation?" , "How much money did FTX's bankruptcy lawyers make by not compensating domestic victims?"
Leading Pharmaceuticals intends to acquire all the shares of Conflux; and both founders of Conflux are executive directors of Leading Pharmaceuticals
On July 1, Hong Kong-listed company Pioneer Pharmaceutical Biotech (00399) announced that on June 30, 2025, the company (as the buyer) had entered into a memorandum of understanding with the seller (Northwestern Foundation) and Conflux regarding the potential acquisition of all the equity interests of the target company, provided that the target company completes the acquisition of Conflux assets in accordance with the agreement with the company. According to publicly disclosed information, the two founders of Conflux, Long Fan and Wu Ming, are both executive directors of Pioneer Pharmaceutical Biotech, a Hong Kong-listed company.
Ethereum Community Foundation officially launched to boost ETH price
On July 2, it was reported that according to an announcement by Ethereum core developer Zak Cole, a new organization called Ethereum Community Foundation (ECF) has been established to support institutional-level adoption of Ethereum infrastructure and ultimately drive up ETH prices. Cole said the organization has currently raised millions of dollars worth of ETH, which will be used to support projects building "trusted neutral" technology. According to Cole's speech, ECF's first project is the Ethereum Validator Association (EVA), which aims to give network validators more say in protocol development and use staked ETH to express preferences. It is not clear which organizations or individuals are supporting the operation of the foundation. Cole said more details will be announced in the coming weeks. Related reading: "The establishment of the Ethereum Community Foundation (ECF), is it a speculative gimmick or a determination by the community to awaken?"
AEX (Anyin) trading platform founder Huang Tianwei was released on bail in Thailand
On July 4, according to X user @chaoge_btc, Huang Tianwei, the founder of the AEX (Anyin) trading platform that collapsed in 2022, was bailed out by his family in Thailand at 19:00 on July 3. Since the platform collapsed, only three original platform big holders have taken back some of their assets. The platform has been in operation for many years since 2013, and most of its users are old OGs in the crypto, with huge user funds. At present, Huang Tianwei still refuses any user to take back their funds. BlockBeats previously reported that on June 12, AEX founder Huang Tianwei was arrested at the Mae Sai District Police Station in Chiang Rai Province, Thailand.
JPMorgan Chase: Alipay and WeChat Pay are not a template for future stablecoin expansion
On July 4, JPMorgan Chase predicted that stablecoin growth will only reach $500 billion by 2028, and believed that the trillion-dollar forecast was "overly optimistic" because there was little evidence that cryptocurrency tokens pegged to the U.S. dollar would be adopted by the mainstream. Currently, stablecoin payment applications are still rare, accounting for only 6% of demand, or about $15 billion, mainly in the fields of cryptocurrency trading, decentralized finance, and collateral. In addition, regarding Ant Financial's plan to apply for a license to issue stablecoins in Hong Kong through its overseas subsidiary Ant International, JPMorgan Chase said that the rapid expansion of the digital RMB and the success of Alipay and WeChat Pay are not a template for future stablecoin expansion.
WhiteRock founder arrested in UAE for $30 million fraud via ZKasino
On July 4, ZachXBT, an on-chain detective, posted on social media that the UAE authorities have detained Ildar Ilham, the founder of the decentralized financial protocol WhiteRock Finance, and accused him of a $30 million fraud through the gambling platform ZKasino. Case details show that the ZKasino platform promised to airdrop native tokens to specific users when it went online in April 2024, but it has not been fulfilled more than a year later. In April this year, the Dutch authorities arrested a 26-year-old person involved in the case (rumored to be Elham Nourzai, a celebrity in the cryptocurrency world) on charges including fraud, embezzlement and money laundering. ZachXBT pointed out that Ilham's arrest is related to the investigation of Nourzai and ZKasino, and the procedures for his extradition to the Netherlands are currently being processed.
The topic "What is stablecoin" topped the Douyin hot search list
On July 5, the topic "What is stablecoin" topped the Douyin hot search list with 12.125 million views.
JD.com and Ant Group are proposing that the central bank approve a stablecoin based on the yuan
On July 4, Reuters reported that people familiar with the matter said that JD.com and Ant Group are recommending that the central bank approve RMB-based stablecoins. JD.com said in a closed-door discussion with the People's Bank of China that there is an urgent need to use offshore RMB stablecoins as a tool to promote the internationalization of the RMB. People familiar with the matter also said that Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, and is also preparing for offshore RMB stablecoins.
Post-00s drug dealers used virtual currency to sell drugs "contactlessly" and were finally arrested in Shanghai
On June 30, it was reported that in the process of arresting drug users recently, the Shanghai police found that these drug users contacted drug dealers through overseas chat software, and after paying with virtual currency as instructed, they received photos of drug burial sites from drug dealers. In the end, Li Qi, a drug dealer born in the 2000s, was arrested. He admitted that he could make a profit of 50 yuan for each package he buried after getting the drugs. In just a few days, he buried hundreds of packages of drugs. He drove across 7 provinces, dug soil to bury drugs, took positioning photos, and let buyers dig drugs like "treasure hunting". Li Qi even ate and slept in the car, turning the car into a "mobile drug trafficking car." At present, the criminal suspect Li Qi has been approved for arrest by the procuratorate in accordance with the law for suspected drug trafficking.
Jupiter's token launch platform Jupiter Studio is now live
On July 3, Jupiter's token launch platform Jupiter Studio was launched. Users can quickly launch tokens through preset templates, or choose advanced customization options, including support for initial minting of USDC, SOL or JUP, setting market caps and flexible token vesting schedules. The platform also includes 50% exchange fee income, post-launch LP unlocking mechanism, anti-sniping protection mechanism, and up to 80% token vesting and unlocking plan. Related reading: "Jupiter's native new issuance platform is online, will it set off a new round of meme craze?"
The trading volume of Letsbonk.Fun platform in the past 24 hours has exceeded that of pump.fun; BONK has increased by more than 16% in the past 24 hours
On July 3, the trading volume of Solana Ecological Token Issuance Platform Letsbonk.Fun surpassed pump.fun's $104 million with $107 million in the past 24 hours, ranking first. On the 5th, according to Dune data, Letsbonk.Fun launched 7714 Meme coins the day before, second only to Pump.fun's 19,367, and a large gap compared to the third place Jup Studio's 2372. According to official data, the transaction volume of Letsbonk.Fun platform reached $95.36 million in the past 24 hours, generating $327,000 in expenses, and the annual income is expected to reach $38.25 million. Perhaps affected by the popularity of the LetsBonk.fun platform, BONK has risen by more than 16% in the past 24 hours.
Backed's stock RWA token xStocks is officially launched and has been launched on some CEX and DeFi applications
On June 30, Backed Finance announced that it will launch tokenized stock products on mainstream cryptocurrency trading platforms and Solana-based decentralized finance (DeFi) protocols, making the integration of listed company stocks such as Apple, Amazon, and Microsoft with crypto-native platforms closer. The approximately 60 stock and ETF tokens launched this time support trading around the clock on weekdays. Bybit and Kraken will become the first crypto trading platforms to support the trading of this token, and have been integrated with DeFi applications Kamino Swap, Raydium, and Jupiter. In addition, GMGN has also reached a cooperation with xStocks to support users to trade US stocks on the Solana chain. Related reading: "From Robinhood to xStocks, how is the tokenization of US stocks achieved?" , "Getting started with US stock token trading, 10 questions to help you understand the mainstream platform xStocks" , "2025 is trading US stock tokenization, and my youth is left in the liquidity mining of 2020"
Bitcoin's historical return rate in July: 8 up and 4 down since 2013
On June 30, according to Coinglass data, of the 12 "July" rallies in Bitcoin's history since 2013, 8 closed higher and 4 closed lower. The largest increase occurred in July 2020, when the monthly increase was 24.03%; the largest decrease occurred in July 2014, when the monthly decrease was 9.69%. Since 2013, the average return rate of Bitcoin's "July" rally is 7.56%. Related reading: "Waiting for the wind to come" in July: Can Altcoin usher in spring? | Trader Observation"
The REX-OSPREY SOL spot ETF started trading on Wednesday, with a first-day trading volume of $33.914 million.
On June 30, REX-OSPREY’s CEO announced that the staking-enabled Solana ETF will begin trading on Wednesday. On July 2, Bloomberg ETF analyst James Seyffart wrote on Twitter that the first SOL spot ETF, REX-Osprey SOL + Staking ETF (SSK), performed well after its listing, with trading volume reaching approximately $8 million in the first 20 minutes. According to market data on the day, the ETF’s trading volume on the first day of listing was $33.914 million. Related reading: "The first SOL pledged ETF in the United States has landed: the era of institutional compliance and easy profits has begun" , "SOL ETF approved, what are the SOL concept targets in the U.S. stock market?"
Data: Trump family has made about $620 million from cryptocurrency projects in recent months
On July 3, it was reported that the Trump family has made about $620 million in profits from cryptocurrency projects in recent months, accounting for nearly 10% of the Trump family's $6.4 billion net worth. The Trump family received about $390 million from the sale of World Liberty's tokens and $150 million from the launch of the Trump Meme coin, in addition to other cryptocurrency project revenues. This appears to be the first public account of the Trump family's multiple crypto projects, ranging from Meme coins to Bitcoin mining operations. Trump's earliest cryptocurrency projects included a series of NFT cards. In 2022, he launched his first NFT collection, offering 45,000 on-chain collectibles at a price of $99 per token. When the fourth series was launched in 2024, Trump disclosed that he had earned more than $7 million from NFTs and held about $5 million in Ethereum. Related reading: "The Trump family has made 620 million in half a year, and the crypto "printing technique" is equivalent to three generations of family business"
The US SEC has suspended Grayscale Digital Large Cap Fund's plan to convert into an ETF and will further review it
On July 3, it was disclosed that the U.S. Securities and Exchange Commission (SEC) has suspended Grayscale Digital Large Cap Fund’s plan to convert into an exchange-traded fund (ETF) and placed it under further review. The fund was originally planned to be listed on the New York Stock Exchange Arca platform as a spot ETF covering multiple assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP) and Cardano (ADA).
YZi Labs announces investment in Digital Asset to advance compliance infrastructure
On July 3, YZi Labs announced an investment in Digital Asset, the developer of the privacy blockchain network Canton Network. This investment was made on the basis of the $135 million Series E financing announced by Digital Asset on June 24. This round of financing also included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities and Goldman Sachs. Related reading: "YZi Labs' latest investment: Digital Asset quietly builds a $4 trillion RWA network"
Crypto Market Structure Full Committee Hearing to be Held Next Week, Ripple CEO and Others to Attend
On July 3, Eleanor Terrett, a crypto journalist, disclosed that the Republican Banking Committee will hold a full committee hearing on the structure of the crypto market next week. The hearing will be held at 10:00 a.m. (EST) on Wednesday. Currently confirmed participants include: Brad Garlinghouse, CEO of Ripple, Kristin Smith, CEO of Blockchain Association, Jonathan Levin, CEO of Chainalysis, and Dan Robinson, general partner of Paradigm.
Australian crypto billionaire was kidnapped, bit off kidnapper's finger and escaped
On July 3, it was reported that Australian cryptocurrency billionaire Tim Heath managed to escape by biting off the attacker's finger in an elaborate kidnapping attempt. According to an Estonian court hearing last week, the attacker disguised himself as a painter and used a GPS tracker and a disposable mobile phone to monitor Heath's movements. Heath has since invested about 2.7 million euros to strengthen his personal security. Such "wrench attacks" (threats of physical violence) against cryptocurrency holders are on the rise, including the case in which Ledger co-founder David Balland was kidnapped and had his fingers cut off in January this year. Experts warn that regulatory measures such as the FATF Travel Rule may inadvertently increase risks because these rules require crypto wallets to be linked to real identities. Related reading: "Kidnapping and ransom, desperate homicide, serial case within a case, five real records of crypto cases"
The system failed on the day when Backpack Season 2 points event was launched. The official said that users can apply for compensation
On July 3, Backpack’s second season points activity was officially launched. On that day, Backpack suffered a major malfunction due to system maintenance errors, resulting in disordered user orders, loss of position data, and some traders suffering unexpected losses. Subsequently, Backpack officials posted on social media that “all users holding positions today will receive double points rewards. For users who suffered unexpected losses during the maintenance period, please send an email to Backpack’s official email address. We will make compensation after investigation and confirmation.”
Connecticut Governor Signs Bitcoin Reserve Ban Bill
On July 1, according to relevant reports, Connecticut Governor Ned Lamont officially signed the state's "Bitcoin Reserve Ban" bill. Connecticut is now prohibited from accepting, holding or investing in any digital assets.
Kazakhstan plans to create national cryptocurrency reserve
On June 30, it was reported that Timur Suleimenov, the governor of the Central Bank of Kazakhstan, said that the country plans to establish a national cryptocurrency reserve, which will be funded by digital assets seized in cases and tokens mined by state-owned mines. The reserve will be managed by an affiliate of the central bank and adopt a sovereign wealth fund operating model, including a single manager structure and a transparent audit mechanism. It is reported that Kazakhstan currently accounts for 13% of the world's Bitcoin computing power. After the power shortage in 2022, it has implemented a miner licensing system and seized illegal mining machines worth nearly $200 million.
The U.S. Department of Justice cracked the largest health insurance fraud case in history, and $245 million in cryptocurrencies, cash, etc. were seized
On July 3, Forbes reported that the U.S. Department of Justice announced the crackdown of the largest health insurance fraud case in history, prosecuting 324 defendants for more than $14.6 billion in false claims. These defendants include 96 doctors, nurses, pharmacists and other professional medical personnel, distributed in 50 federal districts and 12 state attorney general offices across the United States. The operation also seized more than $245 million in cash, cryptocurrencies, luxury cars and other assets, while the Centers for Medicare and Medicaid Services (CMS) prevented more than $4 billion in fraudulent payments by suspending or revoking the billing authority of 205 providers.
Big funding rounds this week: BitMine, Amber International, TWL Miner, The Open Platform, ICN, Distinct Possibility Studios
On June 30, it was reported that BitMine Immersion Technologies announced the completion of a large private placement financing of US$250 million, issuing 55,555,556 shares at US$4.50 per share. The transaction was led by MOZAYYX, with participation from well-known investment institutions such as Founders Fund and Pantera. BitMine plans to use the raised funds mainly to increase its holdings of Ethereum (ETH), intending to use it as a core reserve asset, while continuing to maintain its main business of Bitcoin mining. Related reading: "BitMine set off a trend of ETH reserves in US stocks after a 30-fold surge in four days"
On July 1, it was reported that Amber International, a crypto financial institution service and solution provider under Amber Group, announced the successful signing of a private placement subscription agreement totaling US$25.5 million, with Mile Green, Harvest Capital, Pantera Capital, Choco Up and others participating in the investment.
On the same day, it was reported that the British AI cloud mining platform TWL Miner announced the completion of a US$95 million Series B financing round. This round of financing was participated by a number of investment institutions in the blockchain and sustainable technology fields, and the specific investors were not disclosed.
On July 3, Telegram ecosystem development platform The Open Platform announced the completion of a $28.5 million Series A financing, with a post-investment valuation of $1 billion. Ribbit Capital led the investment, with crypto venture capital firm Pantera Capital participating. This financing transferred about 5% of the equity, and did not include cryptocurrency shares.
On July 4, the decentralized cloud platform Impossible Cloud Network (ICN) announced the completion of 28.8 million euros in financing, with the latest valuation reaching 398 million euros. This round was led by NGP Capital, with participation from 1kx, Protocol Labs, etc. ICN also launched its native token ICNT and plans to list on Binance, Kraken and other CEXs.
On the same day, it was reported that Web3 game studio Distinct Possibility Studios completed a $30.5 million financing, led by Bitkraft Ventures and Brevan Howard Digital.
This week's hot articles
At the Cannes press conference this week, Robinhood put forward the grand vision they are promoting: to completely reshape the global asset trading system with blockchain and tokenization. It launched tokenized US stocks, perpetual contracts and private equity tokens in Europe, and unified these products into an All-in-One investment app; in the United States, it focuses on staking, AI assistants and low-fee smart trading to stabilize active users; and the most disruptive is its Robinhood Chain built on Arbitrum, which will support the circulation of real assets such as stocks, private equity, and real estate on the chain in the future, intending to become a new infrastructure for global financial assets.
Kidnapping and extortion, murder, serial crimes, five real-life cases in the crypto world
As cryptocurrencies become more popular, the threat of violence in the real world is also growing rapidly, especially the so-called "wrench attack" - victims are forced to hand over their crypto assets by violence. In the first half of 2025, at least 34 such cases occurred worldwide, a record high. From the Bali couple tragedy, the kidnapping of the parents of the crypto thief Chetal, to the torture and extortion of Ledger co-founders, and the anonymous extortion and malicious police calls before Hal Finney's death, and even the family tragedy between parents and children due to the outbreak of crypto wealth, crypto assets are becoming a new type of high-value, high-risk crime target.
"Exclusive interview with Resupply victims: Who should be held responsible for the $9.6 million?"
The Resupply protocol was attacked on June 26, resulting in a loss of approximately $9.6 million, which caused strong dissatisfaction among users. During the rights protection process, veteran player 3D revealed that the project party was slow to respond, indifferent to communication, and only paid symbolic compensation for losses, and even blocked accounts and humiliated users when the community questioned them. He pointed out that there was a gray trust mechanism of Curve's "default endorsement" behind the project, but Curve quickly distanced itself from the project after the accident. The incident exposed systemic problems in the DeFi industry, such as unclear rights and responsibilities, lack of rights protection, and moral degradation, which shook the confidence of many veteran players and questioned the sustainability of the industry.
Brad Pitt's F1 movie still makes people in the crypto proud
Brad Pitt's "F1: The Movie" became a huge hit upon its release, attracting a lot of attention, including from the crypto community. The OKX logo on the car he drove and his clothes also brought the in-depth cooperation between the crypto and F1 to the forefront again. Since FTX started sponsoring Mercedes, leading trading platforms such as Crypto.com, Coinbase, OKX, Bybit, Gate, Binance, and Kraken have successively joined hands with top F1 teams in a high-profile manner, regarding sponsorship as a ticket to enter the aristocratic circle. The closed nature, elite culture, and close connection with the core political and business cities of the world have also made this money-burning game not only about exposure, but also about identity recognition and resource docking.
"How much money did FTX's bankruptcy lawyer make by not compensating domestic victims?"
During the FTX bankruptcy liquidation process, Wall Street bankruptcy expert John Ray and his law firm Sullivan & Cromwell took over the assets at high fees, but quickly sold off core investments including Cursor, Mysten Labs and Anthropic at prices far below their actual value, resulting in the loss of billions of dollars in assets. Creditors, especially Chinese users, faced deprivation of their eligibility to claim or even "legal confiscation" of their assets, which aroused industry doubts about the legality and fairness of the liquidation. The rights and interests of creditors suffered serious damage, reflecting the collapse of the trust system in the crypto industry and the lack of legal protection.
Robinhood and Republic have promoted the tokenization of unlisted company equity on the chain through different paths. Robinhood, with the help of Europe's loose regulation, issued equity tokens linked to OpenAI and SpaceX, taking the "equity holding + on-chain trading" model; Republic launched Mirror Token under the US regulatory framework, binding the earnings rights of unlisted companies through contracts, giving retail investors the opportunity to participate in the growth dividends of star unicorns such as SpaceX and Anthropic. The two models are one brokerage firm that focuses on trading, and the other private equity platform that emphasizes compliance ecology, reflecting the path differentiation and regulatory game in the global investment democratization trend.
《Dialogue with Robinhood co-founder: Why do we want to build our own chain? ｜In-depth interview》
In an interview with Bankless, Robinhood CEO Vlad Tenev elaborated on the company's vision of expanding its footprint with the "financial operating system": including private equity tokenization, prediction markets, AI smart investment advisors and options strategy platform Cortex, Robinhood Strategies, cash delivery services, etc. Tenev proposed to tokenize the equity of star private companies such as OpenAI and SpaceX, so that retail investors around the world can easily invest in these unlisted companies through the chain; and emphasized that Robinhood is a connector between TradFi and DeFi, and will promote the legalization of prediction markets, stablecoin legislation, and compliance of crypto securities. He also revealed that Robinhood is building a new financial platform that integrates AI, on-chain functions, and private banking services to bring high-net-worth services to the public at a fair price.
"This US-listed company spent $10 million to buy a "Pixiu coin""
Dogecoin Cash Inc. has transformed from a cannabis medical service to a crypto asset layout. Through multiple subsidiaries, it has massively acquired and held Altcoin tokens called DOG, with a total of billions of tokens. However, the liquidity of its tokens is low and it is different from the real Dogecoin (DOGE). Although the company has set up a special subsidiary to support Dogecoin-related projects, it has not explicitly held DOGE assets. The company's stock price has recently fallen by more than 80%. The equity is highly concentrated in the CEO and senior executives, institutional investors hold few shares, and the public retail investors account for a large share of the circulation. The overall performance is characterized by senior executives dominance and low institutional participation.
《Exclusive from BlockBeats ｜Behind Eyenovia’s 300% surge, Hyperliquid’s “eco-listing” plan》
Eyenovia, an ophthalmology company on the verge of delisting, has purchased HYPE, the native token of the fast-growing on-chain trading platform Hyperliquid, through a $50 million public equity private placement, planning to build it into the company's core treasury asset and achieve a strategic transformation from traditional business to the crypto ecosystem. The company's new chief investment officer, Hyunsu Jung, has extensive experience in DeFi operations, pushing Eyenovia to not only hold coins, but also participate in ecological construction through staking, node operation, and other methods to create a compound interest model. The unique deflation mechanism and endogenous fee repurchase and destruction characteristics of the HYPE token give it a solid value foundation and growth potential, making it a key asset that the company is betting on. Despite doubts about whether it can achieve sustainable financial transformation, Eyenovia has developed a hedging strategy to manage risks and actively participates in on-chain node operations, trying to seize the opportunity at the intersection of traditional finance and the crypto world.
"Will vibe coding become the next big narrative after AI Agent?"
Vibe coding is a new programming method based on a powerful large language model. It can greatly reduce the development threshold, allowing users to use everyday language to let AI generate usable applications, greatly simplifying the traditional programming process. In the crypto, a number of vibe coding platforms such as dev.fun, poof.new, Remix and Ohara have emerged, supporting users to quickly describe their needs with voice or text to generate lightweight apps, and combining token economy to achieve value capture and community interaction. Although vibe coding does not have a breakthrough narrative like AI Agent, it is expected to promote the innovation of meme coins and applications in the crypto due to its strong content creation capabilities and low threshold. Especially in the context of the strength of Bitcoin and the active Altcoin, vibe coding has the potential to become a new growth engine.
"A look at the crypto layout of 44 listed companies: Who is using Bitcoin as a market value engine?"
The global capital market has set off a wave of encryption. More and more listed companies have built new value-driven engines through encryption trading platforms, stablecoin issuance, encryption asset reserves, blockchain technology and mining layout, driving stock price surges and market valuation reshaping. Representative companies such as Coinbase, MicroStrategy, Tesla, and Galaxy Digital play a core role in the five key tracks, promoting the deep integration of traditional capital and encrypted assets, forming balance sheet reconstruction and future valuation logic changes, and becoming the most promising investment direction in the current capital market.
"Robinhood press conference, why is the "old money trend" so popular?"
Robinhood's press conference in Cannes borrowed classic movies and "old money" aristocratic aesthetics to showcase its brand strategy of transforming from subversive grassroots to mature and stable. It not only highlights its appeal to high-net-worth customers, but also sends a signal of the integration of encryption and traditional finance, reflecting its global expansion ambitions and identity as a new elite in the field of financial technology.
World Liberty Financial (WLFI) was co-founded by the Trump family. Its core product is the stablecoin USD1, which is fully backed by US dollars and US Treasury reserves. The current circulation scale is about 2.2 billion US dollars, mainly concentrated in the BNB chain, and more than 93% is held by Binance. The project relies on the political influence of the Trump family to obtain certain cooperation and investment support, but the token WLFI itself is a pure governance token and does not participate in profit distribution. There is uncertainty in the shareholding ratio and token unlocking rules, which brings potential risks. The valuation of WLFI can refer to the market value and market value ratio of Circle stablecoin. The current valuation is low, and the market has great differences in its future development. The key lies in the passage of the Genius stablecoin bill and whether the Trump family will use it as an important tool for profit delivery.
From McDonald's "Worker" to Robinhood Vice President, Johann Kerbrat's Counterattack Life
Johann Kerbrat grew from a young man who taught himself programming in a small apartment and worked in McDonald's to the senior vice president of Robinhood. He led the company to continuously innovate and expand in the field of encryption, launched non-custodial wallets for ordinary users, tokenized US stocks and ETF trading services, and laid out the compliant market through the acquisition of European trading platform Bitstamp, striving to create a seamless and easy-to-use crypto financial infrastructure to achieve a deep integration of traditional finance and blockchain.
Many leading crypto centralized trading platforms have laid out their plans in the crypto payment field, promoting the connection between crypto assets and real consumption by launching or upgrading crypto credit cards, debit cards and payment apps. The main markets cover the European Economic Area and the United States, and the cashback ratio is mostly between 2% and 10%. Each platform has different characteristics: Coinbase teamed up with American Express to launch the tiered subscription Coinbase One Card; Gemini emphasized instant return of multiple cryptocurrencies by consumption category; Crypto.com established a tiered cashback system; Kraken released the Krak App that integrates multi-currency management and peer-to-peer payment; Bybit and Bitget mainly promote crypto debit and credit cards that support multiple currencies; MEXC, Gate, KuCoin and other platforms focus on the European market, providing diversified cashback and convenient crypto exchange services.
"a16z internal review: AI social products may not be fundamentally valid"
The explosion of consumer products in the past decade has been accompanied by a change in the social paradigm. Today, AI is transforming from a tool to an expression subject and an emotional carrier, driving the reconstruction of identity and social relationships. AI products not only replace people to complete tasks, but also blur the boundaries of personality, bringing about a qualitative change in existence beyond efficiency improvement. Although AI-generated content is widely spread on traditional platforms, a true AI-native social network has not yet been formed because emotional tension is difficult to replicate. The rise of AI companions and digital avatars meets people's diverse needs for companionship and expression, and promotes the evolution of social methods towards deep emotional connection and virtual-real symbiosis. In the future, AI will accelerate innovation in multiple fields such as personalized creation, enterprise applications, and wearable devices, reshaping interpersonal interaction and identity cognition.
"72 Altcoin ETF applications: Creating real value or speculation in the guise of regulation?"
Since 2024, Bitcoin spot ETFs have been a great success, attracting huge institutional funds, promoting the compliance process of crypto assets, and triggering a large number of Altcoin ETF applications. However, Altcoin ETFs face challenges of small fund scale and fierce competition. Staking income has become a new selling point for Altcoin ETFs, prompting intensified competition in management fees and the industry's gradual mainstreaming. The market still has doubts about whether it creates real value.
"The Birth of "Physical BTC", a 13-year-long 20,000-fold investment miracle"
An old Bitcoin player named John Galt bought a physical gold bar containing 100 Bitcoins for $500 in 2012. After holding it for 13 years, he cashed it out in May this year and received a return of more than 10 million US dollars, becoming another wealth-making miracle that shocked the crypto. This story not only reveals the huge wealth returns of long-term BTC holders, but also once again arouses people's attention and pursuit of early physical Bitcoin collectibles (such as Casascius physical BTC), symbolizing the unique "diamond hand" myth in the crypto world.
Metaplanet CEO Simon Gerovich emphasized that Bitcoin, as a scarce and decentralized high-quality asset, is digital gold and a preferred means of storing value. The company focuses on long-term accumulation of Bitcoin and never sells it. It continues to increase its holdings per share of Bitcoin through innovative financing models, helping investors to indirectly hold Bitcoin in a more tax-friendly way. Gerovich is optimistic about the widespread adoption of Bitcoin in the future, and expects the emergence of multiple "Bitcoin superpowers". Japan is also actively catching up, and the United States is currently leading. Bitcoin asset companies are in the gold rush stage, and future stock prices will more truly reflect the value of their Bitcoin. Bitcoin is not suitable for daily payments, but it is indispensable as an asset allocation. At the same time, the company ensures asset security through transparent custody, promotes Bitcoin education and cultural dissemination, and is determined to move towards 100% Bitcoin business transformation.
"Trend Research: Undercurrents are surging, and ETH value discovery is on the eve of an explosion"
As the stablecoin bill is about to be passed, the stablecoin and asset tokenization markets are expanding rapidly. Traditional financial institutions have deployed tokenized assets and DeFi ecosystems based on Ethereum, promoting the listing of real assets such as government bonds, private credit, stocks and commodities on the chain, and realizing a revolution in settlement efficiency, liquidity and global accessibility. ETH has become the digital asset foundation of choice for institutions with its security, mature ecology and decentralized advantages, and is expected to usher in a repricing and rapid growth of long-term strategic value.
When a country's debt is too high, the government usually eases debt pressure by lowering real interest rates and currency exchange rates, which stimulates the economy and pushes up asset prices in the short term, but weakens the real returns of money and debt in the long term, leading to higher inflation and heavier debt burdens. Although currency depreciation reduces debt repayment pressure, it implicitly erodes wealth purchasing power, creating a situation that is popular in the short term but harmful in the long term. Holding hard currencies such as gold is seen as an effective strategy to cope with this trend in order to achieve risk diversification and value preservation and appreciation.
《Arthur Hayes: How stablecoins can become the “antidote” to the U.S. debt crisis》
Stablecoins are becoming a key tool for the U.S. Treasury and large banks to promote treasury financing and market liquidity. Through the issuance of stablecoins, systemically important banks can release trillions of dollars in the ability to purchase Treasury bonds, thereby supporting the government's huge deficits and high stock markets, while reducing banks' compliance costs. The stablecoin market is protected by policies and limits the participation of non-bank competitors. In the future, this huge liquidity is expected to drive up risky assets. Investors should pay attention to related opportunities such as large banks and Bitcoin.
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