DeFi
Robinhood Ecosystem Meme-Coin Activity Heats Up as PONS Burns Near 29% and COPPERINU Surges
Meme-coin activity around Robinhood Chain has intensified, with PONS ranking among the higher-revenue tokens over the past 30 days while roughly 29% of its supply has reportedly been burned. A separate surge in COPPERINU, which briefly exceeded a $15 million market capitalization, highlights both the appeal and extreme volatility of the ecosystem.
Coinbase Brings Tokenized U.S. Stocks to Base, Turning Equities Into DeFi Collateral
Coinbase has launched a first group of tokenized U.S. stocks on Base, with the assets designed to move through on-chain trading, lending, liquidity and routing infrastructure. The move shifts the tokenized-securities debate from digital ownership alone to collateral eligibility, composability, custody and regulatory controls.
BitGo Acquires NYDIG’s Institutional Trading Business for $42.5 Million
Digital-asset infrastructure provider BitGo has completed its acquisition of NYDIG’s institutional trading business for approximately $42.5 million. The deal brings roughly 30 employees and institutional client relationships into BitGo while expanding its reach into derivatives, structured products, financing and capital-markets services.
Bitwise Launches Next-Generation Crypto ETF Products as Traditional Finance Embraces Digital Assets
Asset manager Bitwise has announced the launch of next-generation cryptocurrency ETF products, marking a new phase for institutional-grade digital asset investment vehicles designed to provide traditional investors with compliant crypto exposure.
Trump Signals Support for Hyperliquid's U.S. Entry as Platform Unveils Layer2 Scaling Solution
President Trump recently stated that U.S. regulators are working to bring fast-growing decentralized derivatives platform Hyperliquid into the country, a move described as unprecedented that may signal a major shift in America's regulatory stance toward crypto innovation. Concurrently, Hyperliquid announced plans to launch a Layer2 solution to enhance performance and ecosystem scalability.
Zcash Ecosystem Sees Multiple Catalysts: First ETF Launch and Cross-Chain Integration
Grayscale has launched the first Zcash ETF product, opening traditional finance channels for privacy coins; THORChain 3.20 enables native cross-chain swaps between Zcash and major assets, enhancing liquidity; Ethereum founder Vitalik Buterin purchased tokens from a new privacy-focused project for the first time in two years, signaling continued interest in privacy technology.
Grvt Launches Yield-Bearing Asset Perpetual Exchange on ZKsync, Exploring New On-Chain Trading Models
An 11-person team at Grvt has built a perpetual exchange on ZKsync that tokenizes traditional financial assets—stocks, credit, derivatives—into yield-bearing on-chain instruments accessible to retail traders. The project seeks to redefine exchange business models through asset tokenization as trading fees trend toward zero.
Solana Inflation Reduction Proposals Enter Voting Stage as Industry Reassesses L1 Value Capture
Two key economic proposals for Solana, SIMD-0550 and SIMD-0553, are approaching a vote. The former would double the annual inflation reduction rate from 15% to 30%, while the latter would enhance deflationary effects through transaction fee burns. These proposals have sparked broader industry discussion about how L1 blockchains convert network activity into tangible value for token holders.
Trump-Linked Bitcoin Miner Reports Third Consecutive Quarterly Loss Amid Industry Profitability Challenges
American Bitcoin Corp., backed by the Trump family, has posted a second-quarter loss, marking its third consecutive quarter of losses and highlighting ongoing profitability pressures facing the bitcoin mining industry amid price volatility and rising operational costs.