Robinhood Chain Meme Token CASHCAT Surpasses $45 Million in Market Cap, Surging Over 370% in 24 Hours

According to Bitget’s market data, Hong Kong-listed Zhipu saw its shares rise over 14% intraday, after the firm previously disclosed plans to develop in-house chips. Additionally, nearly 70% of Zhipu’s investors have stated that they will hold their positions for the long term.

According to an official announcement, Binance has announced that its stock trading function will be suspended from 18:50 to 23:30 Beijing Time on July 11, 2026, due to a system upgrade of its partner broker. Users will not be able to place orders during this period. The service will automatically resume after the upgrade is completed, and the actual downtime may be adjusted.

GMGN data shows that the market capitalization of Robinhood-based on-chain meme token CASHCAT has continued to rally, breaking through $68 million with a 24-hour increase of over 718%. CASHCAT was the early mascot of Robinhood’s U.S. stock trading app before being renamed Robinhood. On July 1 this year, Robinhood launched its own Layer 2 (L2) public chain, Robinhood Chain, which focuses on on-chain finance and real-world assets (RWA). BlockBeats warns users that most meme coins lack intrinsic value and are highly volatile, so caution is required when trading them.

U.S. Central Command: Its forces remain on constant combat readiness, ready to hold Iran accountable if it fails to comply with or fulfill agreements. Earlier, the U.S. military confirmed it had carried out a series of strikes against Iran.

According to Hyperinsight monitoring, the whale address starting with 0x519c currently holds 7 AI semiconductor-related positions, all 5x isolated long positions, with a total position size of roughly $19.541 million. The address is facing an unrealized loss of around $5.502 million, with all 7 positions in the red. Losses are concentrated in: MRVL (long position ~$7.456M, unrealized loss ~$2.609M), SNDK (long ~$3.836M, loss ~$1.162M), SKHX (long ~$3.883M, loss ~$676k), MU (~$281k loss) and NBIS (~$284k loss). The remaining two long positions are also unprofitable. Overall, the address’s total unrealized loss stands at $5.56 million, with 4 positions losing more than double their principal. This is the address with the largest loss amid market moves from last night to this morning. Previous whale-related news: South Korea’s largest-ever chip expansion failed to avert a capital stampede, with a bullish whale that chased SKHX at its peak suffering a single-day loss of over $2.2 million.

Global second-largest asset management firm Vanguard, which oversees roughly $12 trillion in assets under management, has established a digital asset head role for the first time, tasked with developing the firm’s long-term crypto and blockchain strategy. The position will evaluate areas including tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard will build in-house capabilities, partner with external parties, or delay entry into certain markets. The role will also need to craft a multi-year roadmap and design governance and risk frameworks. Vanguard noted that this recruitment does not signal an imminent launch of crypto products, adding that it currently has no plans to issue its own crypto investment tools.