News linked to both this project and an event.
Odaily News A trader (0x4B1) purchased approximately 0.85% of the total token supply for around $1.29 million when CASHCAT was listed on Robinhood, with the average purchase price corresponding to a market cap of approximately $150 million. After CASHCAT was listed on Robinhood, the price dropped by about 30%. The trader is currently facing an unrealized loss of approximately $412,000, but on-chain data shows that they have not sold any tokens to date.
Odaily News Robinhood's blockchain project, Robinhood Chain, has seen its total value locked (TVL) approach $1 billion. According to Standard Chartered analyst Geoffrey Kendrick, nearly all of its liquidity is provided by Uniswap V2, V3, and V4, making it the fastest-growing blockchain by this metric. Protocol fees generated by Robinhood Chain through Uniswap have now become the largest source of UNI burns. Since the Robinhood-related fee switch was activated on July 27, the annualized UNI burn rate has reached approximately $90 million. At roughly $3.50 per token, this equates to burning 25 million UNI annually, representing slightly more than 4% of the circulating supply. Robinhood Chain launched on July 1, with a focus on bringing real-world assets on-chain, and reached 194,000 daily active users within its first week. The partnership allows Robinhood to directly leverage mature DeFi infrastructure to provide liquidity for blockchain expansion. Robinhood is expanding its business into cryptocurrency, prediction markets, and tokenization. The company reported record second-quarter revenue and earnings, though cryptocurrency trading volumes and related revenue both declined. (Cointelegraph)
Korea Investment Corporation (KIC) established a position in Circle stock in the second quarter, with holdings of 65,443 shares valued at approximately 4.09 million USD. Additionally, it reduced holdings in Strategy, Coinbase, and Riot Platforms during the same period, and increased holdings in Block and Robinhood stock.
Odaily News: According to on-chain analyst Ai Yi's monitoring, Robinhood-related token STONKBROKER has a market cap approaching $100 million. Lottery-style trader (0x867…b93e8) purchased $5,080 worth of STONKBROKER at an average price of $0.0004373, with the earliest purchase price as low as $0.0001773. Based on the current price of $0.03535, this address now holds unrealized profits of $406,000, representing a return rate of 8,143.3%, and still holds the position.
Odaily News - In its Q2 Form 13F filing, Italy’s largest banking group, Intesa Sanpaolo, disclosed a reduction in its BlackRock iShares Bitcoin Trust (IBIT) holdings from 646,809 shares to 40,723 shares, a cut of approximately 94%. As of June 30, the remaining position was valued at $1.36 million.Intesa Sanpaolo also eliminated 99% of its IBIT call options and established a new put position covering 500,000 shares. The bank continues to hold 3.47 million shares of the ARK 21Shares Bitcoin ETF (ARKB), valued at $67.6 million at quarter-end, and maintains its 712,319-share position in the Grayscale XRP Trust unchanged.The bank increased its holdings in the BlackRock iShares Staked Ethereum Trust ETF from 116,200 shares to 349,600 shares, valued at $7.1 million as of June 30. This staked Ethereum fund holds ETH and passes through approximately 3% to 4% in annual network staking rewards.Intesa Sanpaolo also nearly doubled its position in Bitgo Holdings to 323,000 shares, while trimming Coinbase by 32%, Circle by 10%, and Robinhood by 43%. Additionally, it established a new position in commercial spaceflight company SpaceX with 5.66 million shares, valued at $966 million. (News Bitcoin)
Sharplink CEO Joseph Chalom (former Head of Digital Assets Strategy at BlackRock) posted that the EIP-8363 "decreasing issuance burn" proposal currently being discussed in the Ethereum community will gradually reduce validator staking yields by about 2.75%, until yields reach zero when staking volume reaches about half of the total supply; validators will then rely solely on transaction tips, accounting for 15% of current yields, to maintain operations. Chalom strongly opposes this, listing four major reasons: 1. Harms DeFi: Staking yields are the benchmark interest rate for on-chain lending; cutting them will raise on-chain capital costs and compress the collateral value of liquid staking tokens (approximately $35 billion TVL); 2. Weakens institutional appeal: ETH's native productivity is a core advantage distinguishing it from BTC; EIP-8363 will erase this difference, affecting institutional capital inflows such as ETPs and DATs; 3. Destroys ecosystem capital circulation: Issuance rewards are not "leakage," but flow to node operators, client development teams, and ecosystem builders; burning them will cut off the return of capital; 4. Extremely poor timing: Top institutions such as Robinhood, BlackRock, and BNY have successively chosen Ethereum; on-chain stablecoin scale reaches $159 billion, RWA exceeds $15 billion; modifying the underlying economic logic at this moment carries extremely high risk. Chalom expressed support for ETH's long-term deflationary goal, but believes the existing base fee burn mechanism (EIP-1
According to monitoring by the BlockFlow KOL opinion aggregation platform, the crypto token $CASHCAT has garnered consistent bullish sentiment over the past 24 hours, with core arguments focusing on three aspects: Hyperliquid short positions awaiting liquidation, Robinhood ecosystem support, and whale accumulation.
Odaily News - After Coinbase's Q2 results fell short of market expectations, the stock briefly dropped to a roughly two-and-a-half-year low on Friday morning before paring losses to around $150. Over the past year, the stock is still down approximately 57%.Wall Street generally believes Coinbase underperformed this quarter, but opinions differ on the cause: some analysts attribute it mainly to a weak crypto market environment, while others have begun to question whether the company's growth strategy beyond its trading business can deliver.JPMorgan stated that Coinbase's results reflect a "challenging crypto environment," with new products contributing limited value to the income statement. The bank lowered its December 2026 price target for Coinbase from $196 to $148, while maintaining an "Overweight" rating. JPMorgan believes the company faces pressure across multiple business lines, with weak trading volumes dragging down transaction revenue and subscription and services revenue also under strain.Bernstein, on the other hand, believes Coinbase's long-term strategy remains attractive, but investors want to see more compelling execution, particularly in new business areas such as prediction markets and tokenized stocks.Mizuho warned that Robinhood is emerging as the mainstream alternative for retail crypto trading. Overall, Coinbase is still viewed as an important representative of U.S. crypto compliance infrastructure, but its valuation recovery increasingly depends on proving it is more than just a crypto exchange reliant on trading cycles.
On-chain analysis platform Bubblemaps stated that PIPEDOG's trading activity has surged rapidly in recent days, with trading volume once exceeding the popular meme coin $CASHCAT in the Robinhood ecosystem, and briefly surpassing it in market cap.
Odaily News Trader 0xSun stated on social media that during Robinhood's earnings call, the only token appearing in a fleeting search bar was CASHCAT. Additionally, Robinhood CEO Vlad, when discussing the Robinhood Chain, mentioned that the chain will be built around RWA, adding that he also likes Meme coins.As a result, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal trajectory for a public chain resembles the Base ecosystem in late 2024, initially driven by factors such as founder influence and team background, and later ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain could benefit from expectations of potential exchange listings.Furthermore, 0xSun noted that the Meme coin PIPEDOG on the Robinhood chain saw its market cap quickly surge past $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the initial contract. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million.Previously active HOODRAT also once approached zero due to the overall downturn of the Robinhood chain but recently received attention from Matt, the original artist of the Pepe comic, causing its market cap to rebound from a low of $500,000 to $5 million.Beyond Meme coins, 0xSun indicated that STONKBROKER is currently one of the better projects within the Robinhood ecosystem that combines NFT, RWA, and game mechanics, making it worthy of continued attention.
Approximately one month after its launch, Robinhood Chain has surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; in terms of tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, while BNB Chain ranks third with 214,000. However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market. Additionally, Meme coin hype cooled off towards the end of the month, with the chain's DEX daily trading volume falling from a peak of $900 million to around $500 million. To date, Robinhood Chain has generated cumulative revenue of approximately $3 million. On the stock front, institutional analysts from Bernstein, Goldman Sachs, and others maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside potential from the current price of $92.7.
According to Cointelegraph, Robinhood is negotiating with crypto trading platform Crypto.com to expand its prediction market business, planning to integrate yes/no event contract products provided by Crypto.com. People familiar with the matter stated that both parties are still in the discussion phase, and specific cooperation arrangements have not yet been finalized. Robinhood launched prediction market services in March 2025, initially offering related products through Kalshi to comply with regulatory requirements of the U.S. Commodity Futures Trading Commission (CFTC), and subsequently integrated ForecastEx and Rotella. Bernstein analysts recently raised the price target from $130 to $160 due to optimism regarding Robinhood's development in the prediction market and tokenized stock sectors, and predicted that prediction market business revenue could reach $1.7 billion in 2028. However, the U.S. prediction market industry currently still faces legal disputes between state and federal regulators.
Odaily News On-chain analyst Tom Wan stated on platform X that Robinhood CEO Vlad Tenev's earlier proposal regarding the "synergistic effect between Meme coins and RWA" is gradually becoming a reality. Currently, launchpads such as LONG() and Bankr have begun issuing new tokens that are directly paired with Robinhood stock tokens for trading. Over 50% of stock token trading volume now comes from Meme coin trading pairs, with the AI token from LONG() contributing the largest volume. Most of these Meme pairs are linked to Nvidia and SPCX, making these two tokens the fastest-growing stock tokens. Nvidia's market cap has approached $5 million, and the total value of tokenized stocks is nearing $20 million.
Odaily Odaily News Bernstein analyst Gautam Chhugani stated in a report on Robinhood that the platform's prediction market revenue could surpass its cryptocurrency trading revenue as early as the second quarter of this year. It is expected that by 2028, Robinhood's prediction market business will generate nearly $2 billion in annual revenue.Additionally, Bernstein has raised its price target for HOOD from $130 to $160.
Goldman Sachs analyst James Yaro has released an analysis report on Robinhood (HOOD), maintaining a "Buy" rating and raising the price target from $121 to $137.
Analysts pointed out that Robinhood Chain has indeed achieved real new user acquisition, but this batch of users currently remains at the level of Memecoin speculation. Whether they can be converted into genuine DeFi users remains to be verified by tracking data after 30 to 60 days.
on-chain analyst Tom Wan stated on platform X that on July 14, the Meme launch platform Flap on the Robinhood Chain added approximately 22,000 new tokens, surpassing the previous record of about 18,000 tokens issued in a single day set by NOXA.
Michael, Chief Business Officer of Token Pocket, stated on platform X that Robinhood founder's seed phrase was leaked during a live stream. After gaining control of the address, the hacker used it and associated addresses to heavily purchase the Meme token $1, prompting thousands of investors to follow suit. In a short time, the token's market cap quickly surged from approximately $500,000 to $14 million.Subsequently, the price of the $1 token dropped sharply, with two-hour trading volume reaching around $20 million. After the address was frozen, the hacker quickly moved to the BNB Chain, using the address and its associated addresses to issue a new token. They created trading activity through tactics like wash trading, ultimately dumping the tokens for profit.Currently, Robinhood's RPC has frozen the address, and the node does not allow transactions originating from this address to be packaged, making transfers, purchases, or sales impossible.
according to DeFiLlama data, since its launch, Robinhood Chain has attracted over $290 million in stablecoin inflows, with a TVL of $134 million, an RWA scale reaching $12 million, and cumulative DEX trading volume exceeding $4 billion.
Odaily reports: According to on-chain analyst Ai Yi's monitoring, a certain address purchased CASHCAT worth $1,190 at $0.00664 on the Robinhood Chain 6 days ago, and sold all of it at $0.17585 8 hours ago, ultimately making a profit of $14,400, with a return rate of 1211.4%.