Tag: Robinhood Chain

  • CASHCAT Surges 120% to $86M Market Cap as Robinhood Chain Deposits Rise and Bybit Launches Perpetual Contract

    CASHCAT Surges 120% to $86M Market Cap as Robinhood Chain Deposits Rise and Bybit Launches Perpetual Contract

    CASHCAT, the cat-themed memecoin on Robinhood Chain, has rebounded sharply to an $86 million market cap after a 120% weekly gain. The token’s price reached approximately $0.087 with a daily trading volume of $9 million, though it remains below its July peak of $0.22. Created by outside developers using Robinhood’s former cat-with-cash logo, the project is described by its website as ‘fan fiction with a ticker.’

    CASHCAT became Robinhood Chain’s first breakout memecoin within a week of the mainnet launch on July 1, with early wallets recording seven-figure returns during the initial surge. However, launch activity has since declined. The Noxa launchpad stopped accepting new launches on July 11 and went offline two days later, having earned an estimated $12 million in fees. Daily token deployments across Robinhood Chain launchpads fell from roughly 35,000 in mid-July to nearly 10,000. Noxa still holds about $137,000 in CASHCAT and has not sold.

    According to DEXTools data, there are approximately 41,200 holders, with the entire 989 million supply in circulation. The Uniswap liquidity pool holds 2.47% of the supply, while the next largest wallets each hold between 1.3% and 1.5%. The liquidity pool now contains $5 million, compared with $6.6 million when CASHCAT had a $105 million valuation.

    Robinhood Chain Activity Rises

    Robinhood Chain’s total value locked (TVL) reached $774 million after rising 20% in seven days. Lending protocols accounted for 43% of TVL, while asset management represented 41.5%. Key players include Morpho with $332 million (supporting Robinhood’s on-chain earn product) and Ethena with $236 million. Stablecoin balances grew 14% weekly to $575 million.

    Bybit Adds Leveraged Trading

    Bybit has introduced a CASHCAT perpetual contract with up to 10x leverage, further boosting trading activity. However, questions remain about trading momentum after Robinhood stops covering gas fees around late September. The chain’s stated tokenized-asset total stands at $27.6 million, while another active-market measure reached $100 million, up from about $70 million in late July. During that earlier period, about 12 tokenized stocks each recorded more than $500,000 in daily trading, with GameStop’s tokenized stock generating $26 million alone.

    CASHCAT’s recovery comes amid growing Robinhood Chain deposits and stablecoin balances, yet declining token launches and the impending end of subsidized gas fees represent key tests for the ecosystem’s sustainability.

  • Bitcoin ETF Outflows, Luno Layoffs, Morgan Stanley Crypto Trusts, and Myanmar Anti-Scam Law: Top Crypto News

    Bitcoin ETF Outflows, Luno Layoffs, Morgan Stanley Crypto Trusts, and Myanmar Anti-Scam Law: Top Crypto News

    Bitcoin Spot ETFs See $49.75M in Net Outflows

    According to SoSoValue, Bitcoin spot ETFs recorded a total net outflow of $49.75 million yesterday. The Grayscale Bitcoin Mini Trust ETF ($BTC) saw the highest net inflow of $5.08 million, bringing its historical net inflow to $2.65 billion. Conversely, BlackRock’s IBIT led outflows with $54.83 million, though its cumulative net inflow remains at $60.33 billion. Overall, Bitcoin spot ETFs hold a net asset value of $77.23 billion, with a net asset ratio of 6.02% and a cumulative net inflow of $51.32 billion.

    Luno Cuts 20% of Global Workforce

    Crypto exchange Luno announced a 20% reduction in its global workforce as part of a corporate restructuring plan revealed in July 2026. CEO James Lanigan cited the need to adjust the operating structure in response to recent crypto market volatility, including prolonged price declines in Bitcoin, Ethereum, and Solana. The company has invested heavily in automation and process improvements over the past year. Luno currently serves 16 million users across Africa and Asia-Pacific markets.

    Robinhood Chain TVL Reaches $332 Million

    Total value locked (TVL) on Robinhood Chain has climbed to approximately $325 million, with no daily declines since launch. However, daily DEX volume averaged $553 million last week, a 27% drop from the previous week. Active accounts fell to around 275,000 per day, a 7% weekly decline. The DEX volume-to-TVL ratio dropped from 9.25x in mid-July to 1.68x by last Friday. Robinhood Earn’s estimated 7% APY on USDG appears to be a major driver, though trading volume per active account slid to $2,000 from a peak of $2,800.

    Morgan Stanley Launches Ethereum and Solana Trusts

    Morgan Stanley Investment Management launched the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on Tuesday, trading on NYSE Arca. Both products charge an annual management fee of 0.14%, among the lowest for U.S. crypto exchange-traded products. They hold digital assets directly, allowing investors to gain price exposure through traditional brokerage accounts without managing wallets or private keys.

    Myanmar Passes Anti-Crypto Scam Bill

    Myanmar’s Parliament approved the Anti-Online Scam Bill on July 28, targeting digital-currency fraud, online scam centers, forced scam labor, and financial networks supporting scams. The state-run Global New Light of Myanmar reported the bill’s full approval. However, the final text, presidential assent, and commencement date are not yet publicly available. Penalties remain based on the May draft and lawmakers’ comments.

  • KuCoin Web3 Wallet Now Supports Robinhood Chain for Tokenized Asset Self-Custody

    KuCoin Web3 Wallet Now Supports Robinhood Chain for Tokenized Asset Self-Custody

    For most people holding both crypto and traditional investments, managing the two has meant managing two separate worlds. That divide is narrowing slightly with KuCoin Web3 Wallet’s newly added support for Robinhood Chain, which lets users bring tokenized real-world assets into the same self-custodial wallet they already use for onchain activity.

    With the update live, users can add Robinhood Chain directly within the wallet, track and manage assets native to the network, and tap into the ecosystem’s early applications, all without handing custody of their assets to a third party. It is a modest technical step with a larger implication. KuCoin Web3 Wallet is now one of the first Web3 wallets to support the chain, putting its users at the front of a still forming ecosystem instead of catching up to one that has already matured.

    The timing is not incidental. Tokenized stocks, ETFs, and other instruments tied to traditional markets are moving onchain faster than most wallets were originally designed to handle. A Web3 wallet used to be judged mainly on how safely it stored a handful of tokens. Increasingly, it is judged on how well it helps users make sense of a messier picture: crypto assets, tokenized equities, and everything in between, spread across chains that do not always talk to each other.

    KuCoin Web3 Wallet has spent its past several updates trying to close that gap. Support for tokenized U.S. stocks and ETFs, the addition of xStocks, in-wallet perpetuals, and steady multi-chain expansion have all pointed in the same direction. Robinhood Chain support fits that same pattern rather than arriving as a standalone feature.

    What is happening on Robinhood Chain itself adds another detail worth noting. Beyond the tokenized assets one might expect, the network has already seen community members creating their own assets and experimenting onchain, activity that was not centrally organized. That kind of organic behavior tends to show up before an ecosystem’s growth curve, not after it, suggesting Robinhood Chain is generating real usage patterns of its own.

    There is also a quieter benefit at play. Every additional chain a user has to track individually is another login, another interface, and another place things can go wrong. Bringing Robinhood Chain into an existing multi-chain structure reduces that sprawl instead of adding to it, letting a single wallet stand in for what used to require several.

    The result is two different audiences getting something useful from the same update. Web3 native users get an early foothold in an emerging RWA and stock token ecosystem. Traditional finance investors testing crypto for the first time get a gentler on ramp, a way to see the kind of assets they already understand represented onchain, without giving up the self-custody that drew them to Web3 in the first place.

  • Ethereum Faces Renewed Pressure as Robinhood Chain Revenue Debate Intensifies

    Ethereum Faces Renewed Pressure as Robinhood Chain Revenue Debate Intensifies

    Ethereum (ETH) remains under pressure after ARK Invest analyst Lorenzo Valente questioned the network’s revenue model following the rapid rise of Robinhood Chain. The analyst said Ethereum received only $1,538 in revenue from Arbitrum despite Robinhood Chain generating $816,000 since its July 1 launch.

    At the same time, Ethereum continued trading below the key $1,840 resistance level, while renewed spot ETF outflows and geopolitical tensions added to market uncertainty.

    Analyst Questions Ethereum Revenue Share

    Valente said Robinhood Chain has become the fifth-largest blockchain by decentralized exchange trading volume, according to DeFiLlama. The network gained traction after introducing a 90-day gas subsidy designed to encourage user adoption.

    According to the analyst, Robinhood Chain generated $816,000 in revenue after launching on July 1. He said 10% of that amount went to Arbitrum, while Ethereum collected only $1,538.

    That distribution means Ethereum received roughly 0.15% of Robinhood Chain’s revenue. Valente said such figures challenge the view that ETH serves as a meaningful revenue-generating asset. He added that the model should change so Ethereum receives 15% of revenue, while Arbitrum and Robinhood receive 10% and 75%, respectively.

    Meanwhile, ConsenSys founder Joe Lubin defended the current fee structure. He said lower fees encourage more companies to build on Ethereum, which could support ETH’s long-term value.

    Ethereum Price Tests Key Resistance

    Ethereum continued facing resistance near $1,840 after failing to break above that level for three consecutive days. The repeated rejection suggested buyers remained cautious at higher prices.

    Even so, technical indicators continued showing constructive momentum. The MACD line turned positive, while the Relative Strength Index stood at 55, indicating bulls still held the advantage.

    If ETH closes above $1,840, it would break above a rising parallel channel. Such a move would also complete a double-bottom pattern and could open the path toward $2,244, representing a potential 22% gain.

    On the other hand, failure to clear resistance could send Ethereum back toward support at $1,725. That decline could occur if investors reduce exposure as geopolitical tensions between the United States and Iran intensify after President Donald Trump reinstated the blockade at the Strait of Hormuz.

    ETF Outflows Return as Market Watches Inflation Data

    Investor sentiment also weakened after spot Ethereum exchange-traded funds recorded net outflows on July 13. Data from SoSoValue showed ETFs lost $15 million after attracting $84 million in inflows between July 6 and July 10.

    At the same time, crude oil prices climbed above $80 as tensions between the United States and Iran increased. Rising oil prices often reduce demand for risk assets, creating another challenge for cryptocurrencies.

    In addition, traders turned their attention to U.S. inflation data scheduled for July 14. The report could influence expectations for Federal Reserve interest rate decisions and, in turn, affect demand for spot Ethereum ETFs and the broader cryptocurrency market.

    What’s Next?

    The Ethereum price remains below the crucial $1,840 resistance as debate grows over its revenue share from Robinhood Chain. Meanwhile, ETF outflows, technical indicators, and rising geopolitical tensions continue shaping market sentiment. Investors will closely watch upcoming price action and macroeconomic developments.

  • Stargate LLM: A 50x Crypto Opportunity Beyond Sui and Uniswap in the Next Tech Cycle

    Stargate LLM: A 50x Crypto Opportunity Beyond Sui and Uniswap in the Next Tech Cycle

    Every major technology wave has rewarded the entities that defined a new category, not just those with the most users. Sui carved out its lane with parallel transaction processing rather than competing directly with existing Layer 1 blockchains. Uniswap created the automated market maker category from scratch, bypassing centralised exchanges. Standard Chartered’s Geoff Kendrick recently noted that the market has yet to fully price in the depth of Uniswap’s latest partnership, while Sui has joined forces with African fintech giant Paga. For investors seeking the top crypto to buy today, Stargate LLM is pursuing a category that neither Sui nor Uniswap occupies.

    AI That Users Own, Not Just Another Chatbot

    Sui and Uniswap have both demonstrated that owning a brand-new category often outperforms competing within an existing one. Cloud computing, search engines, and social media all rewarded the builders of the underlying infrastructure layer, not merely those who attracted the most users to an existing model. Stargate LLM applies this same logic to artificial intelligence, focusing on user-owned AI rather than faster blockchain infrastructure or a better trading mechanism.

    The category it targets is AI that is partially owned by its users, enabled by Proof of Usage rewards, vault staking, and DAO-voted revenue sharing. These are not features bolted onto an existing chatbot; they are integral to the token’s design from inception. This distinction transforms the token’s purpose from mere access to active participation and reward.

    The presale reflects this early-category positioning: ten pricing stages from $0.0005 to $0.0125, with a launch at $0.025. Stage 1 is priced at a 50x ratio to that target. The total token supply is fixed at 150 billion, with 96% allocated to the community, ecosystem, and presale participants, and only 1% to the core team. Both Sui and Uniswap were once at this early stage, in categories that had no name. For anyone evaluating the top crypto to buy today with genuine category-level differentiation rather than a faster interface, this is the comparison that matters.

    Sui Just Landed a Continent-Scale Deal

    On July 1, 2026, the Sui Foundation partnered with African fintech giant Paga to explore tokenizing real-world assets and delivering blockchain-based financial tools across the continent, leveraging Sui’s speed and Paga’s mobile payment ecosystem. However, the more significant event this week was the token supply: SUI led a $73 million weekly token unlock wave alongside ENA and EIGEN, with 13.72 million SUI tokens worth roughly $9.4 million released on July 1. SUI currently trades near $0.75, about 86% below its all-time high—a gap that unlock pressure is not making easier to close.

    Uniswap Just Became Robinhood’s Native Exchange

    Standard Chartered’s Geoff Kendrick remarked this week that markets are significantly underestimating how deep Uniswap’s newest integration actually runs. Uniswap now serves as the native automated market maker on Robinhood Chain, an Arbitrum-based Layer-2 network that launched its public mainnet on July 1, 2026. This puts Uniswap in direct reach of Robinhood’s retail base for trading tokenized stocks such as Apple, Tesla, and Nvidia. UNI trades near $3.11 despite the news, still roughly 83% below its 2021 all-time high of $18.59.

    Last Say

    Sui built an entirely new category around parallel processing, and Uniswap built one around automated market making. Both are proving the same pattern once again, even while their tokens remain far below prior highs. Stargate LLM is chasing a category neither occupies, embedding AI ownership directly into how the platform rewards its users. For anyone comparing the top crypto to buy today, these three represent genuinely different bets on what owning a new category actually looks like.

    Explore Stargate LLM:
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