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On July 13, Robinhood's Ethereum Layer 2 network, Robinhood Chain, launched on July 1, has seen its total value locked (TVL) rise to approximately $135 million in less than two weeks. The chain has accumulated nearly 800,000 active addresses and reached 3.6 million daily transactions, making it one of the most active new public chains in the crypto market. However, its on-chain use cases have significantly deviated from its positioning as a 'tokenized stock' platform. Currently, the scale of tokenized real-world assets (RWA) on the chain is only about $12.81 million, of which tokenized stocks account for approximately $10.68 million. Meanwhile, the Meme coin CASHCAT, named after Robinhood's former mascot, has surged 2,158% in the past seven days, reaching a market cap of $156 million, far exceeding the scale of on-chain RWAs and driving the emergence of a series of Robinhood-themed Meme coins. Data shows that the current stablecoin market cap on Robinhood Chain is about $299 million, with USDG, in which Robinhood participates in issuance, accounting for approximately $200 million. Robinhood CEO Vlad Tenev previously stated that the company's long-term goal remains building RWA infrastructure, but he also acknowledged that 'this chain is also very suitable for Meme coin trading.'

[Robinhood Chain Surpasses $135M TVL in Two Weeks; Meme Coin Trading Far Exceeds RWA]On July 13, Robinhood's Ethereum Layer 2 network, Robinhood Chain, launched on July 1, has seen its total value locked (TVL) rise to approximately $135 million in less than two weeks. The chain has accumulated nearly 800,000 active addresses and reached 3.6 million daily transactions, making it one of the most active new public chains in the crypto market. However, its on-chain use cases have significantly deviated from its positioning as a 'tokenized stock' platform. Currently, the scale of tokenized real-world assets (RWA) on the chain is only about $12.81 million, of which tokenized stocks account for approximately $10.68 million. Meanwhile, the Meme coin CASHCAT, named after Robinhood's former mascot, has surged 2,158% in the past seven days, reaching a market cap of $156 million, far exceeding the scale of on-chain RWAs and driving the emergence of a series of Robinhood-themed Meme coins. Data shows that the current stablecoin market cap on Robinhood Chain is about $299 million, with USDG, in which Robinhood participates in issuance, accounting for approximately $200 million. Robinhood CEO Vlad Tenev previously stated that the company's long-term goal remains building RWA infrastructure, but he also acknowledged that 'this chain is also very suitable for Meme coin trading.'

Robinhood Chain Surpasses $135M TVL in Two Weeks; Meme Coin Trading Far Exceeds RWA

July 13, according to AXIOS, sources said the US has not discussed with regional allies the possibility of charging tolls for securing the Strait of Hormuz. Earlier, Trump posted an announcement that he would immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.

[Sources: US Has Not Discussed Possible Tolls for Strait of Hormuz Security with Regional Allies]July 13, according to AXIOS, sources said the US has not discussed with regional allies the possibility of charging tolls for securing the Strait of Hormuz. Earlier, Trump posted an announcement that he would immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.

Sources: US Has Not Discussed Possible Tolls for Strait of Hormuz Security with Regional Allies

On July 13, according to Bit.com market data, shares of SpaceX (NASDAQ: SPCX) fell for a second consecutive trading day, further approaching the IPO price of $135 and breaking below the opening price of $150 on the first day of listing on June 12. Previously, SpaceX was included in the Nasdaq 100 Index last week, prompting passive funds tracking the index to complete their allocations. However, after a rapid surge in early trading, the stock has recently entered a correction phase. Nasdaq also previously modified its index inclusion rules, allowing newly listed companies to be included in the index as quickly as one month after listing, enabling SpaceX to quickly enter the Nasdaq 100.

[SpaceX Stock Falls for Second Consecutive Day, Nears IPO Price of $135]On July 13, according to Bit.com market data, shares of SpaceX (NASDAQ: SPCX) fell for a second consecutive trading day, further approaching the IPO price of $135 and breaking below the opening price of $150 on the first day of listing on June 12. Previously, SpaceX was included in the Nasdaq 100 Index last week, prompting passive funds tracking the index to complete their allocations. However, after a rapid surge in early trading, the stock has recently entered a correction phase. Nasdaq also previously modified its index inclusion rules, allowing newly listed companies to be included in the index as quickly as one month after listing, enabling SpaceX to quickly enter the Nasdaq 100.

SpaceX Stock Falls for Second Consecutive Day, Nears IPO Price of $135

On July 13, the Bolivian government is evaluating the integration of Tether's stablecoin USDT into the national payment system, planning to make it a compliant payment option alongside the Boliviano and the US dollar. Currently, the plan is still in the technical evaluation stage, with no specific implementation details announced, nor does it grant USDT legal tender status. Reports indicate that Bolivian Economy Minister José Gabriel Espinoza stated the government is developing a regulatory framework applicable to banks, digital wallets, and payment service providers, while also strengthening anti-money laundering oversight to comply with the country's regulatory requirements under the FATF (Financial Action Task Force) grey list. Since the Central Bank of Bolivia lifted restrictions on crypto asset trading in June 2024, local cryptocurrency adoption has grown rapidly. Official data shows that crypto trading volume in the first half of 2025 reached $294 million, a significant increase from $46.5 million in the same period in 2024; after the lifting of restrictions, total national crypto trading volume has grown by approximately 630%. As domestic dollar liquidity remains tight and the exchange rate regime shifts to a floating rate, an increasing number of businesses and residents are using stablecoins as tools for cross-border payments and value storage. Previously, Bolivia's state-owned energy company YPFB announced plans to use cryptocurrency for energy imports, and Banco Unión's Yasta wallet launched USDT purchase services in April this year for international payments and remittances.

[Bolivia Evaluates Integrating USDT into National Payment System, Promoting Stablecoin Legal Payments]On July 13, the Bolivian government is evaluating the integration of Tether's stablecoin USDT into the national payment system, planning to make it a compliant payment option alongside the Boliviano and the US dollar. Currently, the plan is still in the technical evaluation stage, with no specific implementation details announced, nor does it grant USDT legal tender status. Reports indicate that Bolivian Economy Minister José Gabriel Espinoza stated the government is developing a regulatory framework applicable to banks, digital wallets, and payment service providers, while also strengthening anti-money laundering oversight to comply with the country's regulatory requirements under the FATF (Financial Action Task Force) grey list. Since the Central Bank of Bolivia lifted restrictions on crypto asset trading in June 2024, local cryptocurrency adoption has grown rapidly. Official data shows that crypto trading volume in the first half of 2025 reached $294 million, a significant increase from $46.5 million in the same period in 2024; after the lifting of restrictions, total national crypto trading volume has grown by approximately 630%. As domestic dollar liquidity remains tight and the exchange rate regime shifts to a floating rate, an increasing number of businesses and residents are using stablecoins as tools for cross-border payments and value storage. Previously, Bolivia's state-owned energy company YPFB announced plans to use cryptocurrency for energy imports, and Banco Unión's Yasta wallet launched USDT purchase services in April this year for international payments and remittances.

Bolivia Evaluates Integrating USDT into National Payment System, Promoting Stablecoin Legal Payments

July 13 - Market pricing shows that the expectation of at least one rate hike by the Federal Reserve by September is almost fully priced in, with two rate hikes by the end of March next year fully priced. Earlier, Trump announced on social media that the US would reimpose a blockade on Iran and plans to impose a 20% fee on any goods passing through the Strait of Hormuz.

[Market Nears Full Pricing of Fed Rate Hike Expectation in September]July 13 - Market pricing shows that the expectation of at least one rate hike by the Federal Reserve by September is almost fully priced in, with two rate hikes by the end of March next year fully priced. Earlier, Trump announced on social media that the US would reimpose a blockade on Iran and plans to impose a 20% fee on any goods passing through the Strait of Hormuz.

Market Nears Full Pricing of Fed Rate Hike Expectation in September

On July 13, the Bolivian government is evaluating the inclusion of Tether's stablecoin USDT into the national payment system, allowing it to circulate alongside the Boliviano and the US dollar as a regulated option. Officials stated that if the plan is implemented, it will strengthen anti-money laundering regulations, as Bolivia remains on the Financial Action Task Force's gray list.

[Bolivia Evaluates Integrating USDT into National Payment System]On July 13, the Bolivian government is evaluating the inclusion of Tether's stablecoin USDT into the national payment system, allowing it to circulate alongside the Boliviano and the US dollar as a regulated option. Officials stated that if the plan is implemented, it will strengthen anti-money laundering regulations, as Bolivia remains on the Financial Action Task Force's gray list.

Bolivia Evaluates Integrating USDT into National Payment System

According to monitoring by Beating, Nvidia has launched its first set of "GeForce Trading Cards". Series 1 includes 14 designs, documenting over 30 years of GeForce GPUs, games, and tech demos. The featured cards include the NV1, GeForce 256, GeForce 3, 7800 GTX, GTX 1080, and the Cyberpunk 2077 edition RTX 2080 Ti. Classic tech demos such as Bubble, Chameleon, and Medusa are also turned into cards. This set of cards will not be sold publicly; they can only be obtained through the "Summer of RTX" online lottery or collected for free at designated events. Nvidia has already distributed them at Bilibili World in Shanghai and will continue at QuakeCon and gamescom. Against the backdrop of increasingly expensive GPUs, players have a nuanced reaction to this "card release." PC Gamer quoted a netizen's joke: "Finally, there's an Nvidia card I can afford."

[Nvidia Finally Launches 'Cards', but Not GPUs: Introduces Its First Trading Card Set]According to monitoring by Beating, Nvidia has launched its first set of "GeForce Trading Cards". Series 1 includes 14 designs, documenting over 30 years of GeForce GPUs, games, and tech demos. The featured cards include the NV1, GeForce 256, GeForce 3, 7800 GTX, GTX 1080, and the Cyberpunk 2077 edition RTX 2080 Ti. Classic tech demos such as Bubble, Chameleon, and Medusa are also turned into cards. This set of cards will not be sold publicly; they can only be obtained through the "Summer of RTX" online lottery or collected for free at designated events. Nvidia has already distributed them at Bilibili World in Shanghai and will continue at QuakeCon and gamescom. Against the backdrop of increasingly expensive GPUs, players have a nuanced reaction to this "card release." PC Gamer quoted a netizen's joke: "Finally, there's an Nvidia card I can afford."

Nvidia Finally Launches 'Cards', but Not GPUs: Introduces Its First Trading Card Set

According to AXIOS: Sources say that the United States has not discussed with regional allies the issue of potentially charging tolls for securing the Strait of Hormuz.

[Sources: US Has Not Discussed Potential Tolls for Securing Strait of Hormuz with Regional Allies]According to AXIOS: Sources say that the United States has not discussed with regional allies the issue of potentially charging tolls for securing the Strait of Hormuz.

Sources: US Has Not Discussed Potential Tolls for Securing Strait of Hormuz with Regional Allies

On July 13, Progmat, Japan's largest security token issuance and management platform, completed its migration to the Avalanche blockchain, transferring all managed tokenized assets worth over 452 billion yen (approximately $2.7 billion) from a Corda 5-based permissioned chain to a dedicated Avalanche Layer1. The migration, announced in February of this year, was completed as planned without affecting the normal operations of financial institutions. Progmat stated that the new architecture no longer relies on a single blockchain and supports future multi-chain expansion. All smart contracts have been migrated to the EVM environment, and while maintaining original functionality, the processing speed for asset rights transfers has increased by 3 to 5 times, with transaction final confirmation time reduced to under 2 seconds. Originally incubated by Mitsubishi UFJ Trust Bank (MUFG), Japan's largest bank, Progmat became independent in 2023 and is now supported by major Japanese financial institutions such as Mizuho Bank, Tokyo Stock Exchange, and SBI. It holds a 53% share of Japan's security token market and accounts for 64.6% of the total issuance volume of security tokens, covering most tokenized real estate and corporate bond projects. Additionally, in May of this year, Progmat established a working group for tokenizing Japanese government bonds and on-chain repurchase agreements (Repo), collaborating with asset management firms, banks, and securities companies to study tokenized Japanese government bonds and explore application scenarios such as 7×24 trading and T+0 real-time settlement.

[Japan's Largest Security Token Platform Progmat Completes Migration to Avalanche, Over $2.7 Billion in Assets Now On-Chain]On July 13, Progmat, Japan's largest security token issuance and management platform, completed its migration to the Avalanche blockchain, transferring all managed tokenized assets worth over 452 billion yen (approximately $2.7 billion) from a Corda 5-based permissioned chain to a dedicated Avalanche Layer1. The migration, announced in February of this year, was completed as planned without affecting the normal operations of financial institutions. Progmat stated that the new architecture no longer relies on a single blockchain and supports future multi-chain expansion. All smart contracts have been migrated to the EVM environment, and while maintaining original functionality, the processing speed for asset rights transfers has increased by 3 to 5 times, with transaction final confirmation time reduced to under 2 seconds. Originally incubated by Mitsubishi UFJ Trust Bank (MUFG), Japan's largest bank, Progmat became independent in 2023 and is now supported by major Japanese financial institutions such as Mizuho Bank, Tokyo Stock Exchange, and SBI. It holds a 53% share of Japan's security token market and accounts for 64.6% of the total issuance volume of security tokens, covering most tokenized real estate and corporate bond projects. Additionally, in May of this year, Progmat established a working group for tokenizing Japanese government bonds and on-chain repurchase agreements (Repo), collaborating with asset management firms, banks, and securities companies to study tokenized Japanese government bonds and explore application scenarios such as 7×24 trading and T+0 real-time settlement.

Japan's Largest Security Token Platform Progmat Completes Migration to Avalanche, Over $2.7 Billion in Assets Now On-Chain

According to Beincrypto, Ripple CEO Brad Garlinghouse is the latest to speak out against the U.S. government’s war on crypto. Speaking to Bloomberg on March 2, the Ripple boss said that crypto and fintech were already leaving American shores, crypto moving offshore is not good for American innovation. He said that the Securities and Exchange Commission’s case with Ripple wasn’t really about XRP. It is about the industry and how the SEC is “playing offense” and attacking the whole industry. Garlinghouse added that not everyone understood this when the case began more than two years ago. However, with its recent war on crypto, it has become clear that the agency is against the entire industry. Furthermore, he acknowledged five recent SEC enforcement actions and stated: “This is not a healthy way to regulate an industry.” The Ripple executive said the U.S. was already behind countries such as Australia, the U.K., Japan, Singapore, and Switzerland. “There are a lot of countries that have taken the time and thoughtfulness to create clear rules of the road,” he added.

Detail

【Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto】According to Beincrypto, Ripple CEO Brad Garlinghouse is the latest to speak out against the U.S. government’s war on crypto. Speaking to Bloomberg on March 2, the Ripple boss said that crypto and fintech were already leaving American shores, crypto moving offshore is not good for American innovation. He said that the Securities and Exchange Commission’s case with Ripple wasn’t really about XRP. It is about the industry and how the SEC is “playing offense” and attacking the whole industry. Garlinghouse added that not everyone understood this when the case began more than two years ago. However, with its recent war on crypto, it has become clear that the agency is against the entire industry. Furthermore, he acknowledged five recent SEC enforcement actions and stated: “This is not a healthy way to regulate an industry.” The Ripple executive said the U.S. was already behind countries such as Australia, the U.K., Japan, Singapore, and Switzerland. “There are a lot of countries that have taken the time and thoughtfulness to create clear rules of the road,” he added.

Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto

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Will Zcash’s ‘formal verification’ of Ironwood clear counterfeiting fears and boost ZEC?

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Ethereum uses less power than British Museum – Here’s what changed

On the Eve of the U.S. Stock Inflation Test, Wall Street Faces the Worst 'Data Deception' in History

On the Eve of the US Stock Inflation Test, Wall Street Faces the Most Severe 'Data Deception' in History

Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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