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The Big Story
Robinhood just turned on its own blockchain — Robinhood officially launched Robinhood Chain, an Ethereum Layer 2 that brings tokenized stocks like NVDA, GOOG, and AAPL directly on-chain alongside native DeFi functionality. The network went live on mainnet with Chainlink serving as the official oracle infrastructure, and the company is offering subsidized gas fees and zero-fee stock token trading to seed liquidity. The move positions Robinhood as the first major consumer fintech to run its own production blockchain with real-world assets baked in from day one, and Chainlink integration covers all Robinhood-issued stock tokens as part of the rollout.
Breaking News
Spotify Orders Kalshi And Polymarket To Remove Its Branding Following Chart Manipulation — Spotify issued a formal directive to prediction market platforms Kalshi and Polymarket, ordering both to remove its corporate branding after evidence emerged of fake streams and chart manipulation tied to betting markets.
Andrew Tate Dumps Entire TATE Token Stash — Andrew Tate sold his entire 650 million TATE token allocation for approximately $23,000, contradicting his repeated public pledges to hold the tokens indefinitely, with the sale representing roughly 65% of the total supply.
Tether Freezes USDT In 131 ISIS K Linked Tron Wallets — Tether froze USDT balances across all 131 TRON addresses linked to ISIS-K, acting on a sanctions update issued by the U.S. Treasury's Office of Foreign Assets Control on July 1.
Netflix Money Turned Dogecoin Profit At Center Of Rinsch Case — Hollywood director Carl Rinsch was sentenced to 30 months in federal prison after diverting $11 million in Netflix production funds into DOGE trades, speculative stock bets, and personal luxury purchases.
Top Stories
Strategy just crossed $100 again, even as Wall Street cuts its price targets — Strategy shares pushed back above $100 intraday on July 2, gaining more than 18% from their two-year low of $82.31 hit just six days earlier. The rally came despite a fresh round of downgrades from Wall Street analysts, with multiple firms cutting price targets in recent weeks amid concerns over the company's leveraged Bitcoin exposure. The rebound was driven in part by a broader crypto market recovery and renewed investor interest following Michael Saylor's unveiling of the Digital Credit Capital Framework earlier this week.
Securitize Debuts Tokenized Stock On Avalanche And Solana — Securitize made history by becoming the first newly public company to debut on the New York Stock Exchange and simultaneously launch tokenized versions of its own shares on both Avalanche and Solana. The company began trading on the NYSE on July 2 under the ticker SECZ, following a business combination with Markforged, and immediately issued blockchain-based representations of its equity on both Layer 1 networks. The move opens a new chapter for tokenized equities, with Securitize positioning the dual launch as proof that traditional capital markets and blockchain infrastructure can operate in parallel from day one.
Binance Backs MiCA Despite License Setback — Binance's head of Europe and the UK, Gillian Lynch, came out in support of the European Union's Markets in Crypto-Assets regulation, arguing that a rulebook carries little weight if the industry's largest players remain outside it. The comments come even as Binance has yet to secure a MiCA license itself, with the exchange currently operating in Europe through local partnerships rather than direct authorization. Lynch's position marks a notable shift in tone from an exchange that has historically clashed with regulators, and signals that Binance sees long-term strategic value in aligning with the EU framework despite near-term friction.
Deep Dive of the Week
What Is Ethereum Institutional? — Ethereum Institutional is a new nonprofit organization set up to act as Ethereum's main point of contact for banks, asset managers, and traditional financial institutions looking to build on or integrate with the network. The organization launched quietly in recent months and is positioning itself as a bridge between Ethereum's decentralized developer community and the compliance-first world of regulated finance, with a focus on education, standardization, and enterprise adoption.
By the Numbers
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$1.23 billion — Total Bitcoin deposited by BlackRock to Coinbase Prime over the past week, including a fresh $301 million transfer on July 2.
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43,000 BTC — Total Bitcoin holdings for Tokyo-listed Metaplanet after adding 2,823 BTC during Q2 2026, cementing its position as one of the largest corporate Bitcoin treasuries in Asia.
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$7 billion — Visa's annualized stablecoin settlement run rate across VisaNet, with the payments giant quietly building one of the largest institutional stablecoin operations in traditional finance.
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77 cases — Crypto-linked kidnapping and extortion cases recorded in France during 2026, up sharply from 45 cases in all of 2025, making it Europe's crypto crime hotspot.
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385.77 million — Record number of transactions processed on Tron in June 2026, the network's strongest month ever alongside 26.97 million active accounts.
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1,806 wallets — New wallets added to Aave on Ethereum on June 30, the protocol's strongest single day of network growth in nearly five years.
On Our Radar
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Digital Asset Market CLARITY Act — The bill picked up a significant and unexpected ally when the National Organization of Black Law Enforcement Executives formally endorsed the legislation on July 1, becoming the first major law enforcement organization to publicly back it.
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Russia's digital ruble — Russia is on track to launch its central bank digital currency on September 1, with Bank of Russia Governor Elvira Nabiullina declaring that preparations are complete.
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DL News ownership — The crypto news outlet, which shut down in May, has quietly changed hands, with its website and X account now live again under new ownership that has not been publicly disclosed.
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World.xyz launch — The mysterious Solana project finally revealed itself as a fully onchain prediction market built directly into the Phantom wallet, ending weeks of cryptic teases.
Until Monday.