News linked to both this project and an event.
Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated on platform X that the total market cap of stablecoins on the Robinhood Chain has surpassed $200 million. He noted that a key factor driving this growth is Ethena. Data shows that Ethena currently holds $50 million USDG on Robinhood Chain, along with another $50 million USDG in the Ethena × Steakhouse USDG treasury, totaling nearly $100 million in assets under management, which accounts for approximately 50% of the total USDG supply on the Robinhood Chain.
Coinbase released a monthly review on July 1, stating that in the first half of the year, it advanced its product layout around the strategy of "every asset, every market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that the tokenized stocks are 1:1 backed shares of US companies, expected to include dividends, on-chain trading, holding, and redemption functions, and are not available to US persons. Coinbase also noted that its pre-IPO perpetual contracts will start with SpaceX and then expand to OpenAI and Anthropic, and will offer crypto options through integration with Deribit. Coinbase CEO Brian Armstrong said on July 3 that Coinbase is one of the companies with the highest level of AI application globally. Coinbase also stated that it has launched a direct INR on-ramp in India, become the official deployer of the USDC treasury wallet for Hyperliquid, partnered with Ethena across over $50 billion in assets, and mentioned transferring approximately $4.4 billion USDC to the Hyperliquid deployer. (Bitcoin.com News).
that, according to Onchain Lens monitoring, a whale deposited 17.566 million ENA tokens, worth $1.78 million, into Wintermute. The whale had previously withdrawn these ENA tokens from Wintermute and Binance at a cost of $5.38 million, resulting in a loss of $3.6 million from this transaction.