JTO surges over 10% in 24 hours, pushing its market cap to $609 million.

Robinhood’s Ethereum Layer2 network, Robinhood Chain, launched on July 1, has seen its total value locked (TVL) rise to roughly $135 million in less than two weeks since going live. The chain now has nearly 800,000 cumulative active addresses and 3.6 million daily transactions, ranking it among the most active new public blockchains in the crypto market. However, its actual on-chain use has deviated significantly from its original positioning as a platform for tokenized stocks. Currently, the scale of tokenized real-world assets (RWA) on the chain is only around $12.81 million, of which tokenized stocks account for approximately $10.68 million. Meanwhile, CASHCAT, a meme coin named after Robinhood’s former mascot, has surged 2158% over the past seven days, boasting a market cap of $156 million — far exceeding the chain’s RWA scale and spawning a wave of Robinhood-themed meme coins. Data shows Robinhood Chain’s current stablecoin market cap is about $299 million, with USDG (co-issued by Robinhood) making up roughly $200 million. Robinhood CEO Vlad Tenev previously noted that the firm’s long-term goal remains building RWA infrastructure, though he also admitted “this chain is also very suitable for meme coin trading.”

According to Bit.com market data, SpaceX (NASDAQ: SPCX) shares have declined for the second consecutive trading day, further approaching its IPO price of roughly $135, and have also fallen below the $150 opening price from its June 12 debut. Last week, SpaceX was added to the Nasdaq 100 Index, prompting passive funds tracking the index to complete their allocations. However, after a rapid rally in the early period following its listing, the stock has entered a correction phase recently. The Nasdaq had earlier revised its index inclusion rules to allow newly listed companies to be added within as little as one month of going public, which enabled SpaceX to join the Nasdaq 100 swiftly.

Market pricing indicates that expectations of at least one interest rate hike by the U.S. Federal Reserve in September have been almost fully priced in, while two rate hikes by the end of March next year are also fully factored in. Earlier, Trump announced on social media that the U.S. would reimpose a blockade on Iran and planned to levy a 20% fee on all cargo passing through the Strait of Hormuz.

According to a report by AXIOS, sources said the United States has not yet discussed with regional allies the possibility of imposing transit fees for securing the Strait of Hormuz. Earlier, Trump posted a statement announcing the immediate resumption of the blockade on Iran and a 20% fee on cargo shipments.

The Bolivian government is evaluating integrating Tether-issued stablecoin USDT into its national payment system, with plans to make it a compliant payment option alongside the Bolivian boliviano and U.S. dollar. The proposal remains in the technical assessment phase, with no specific implementation details released, and USDT is not being granted legal tender status. Bolivian Economy Minister José Gabriel Espinoza noted that the government is developing a regulatory framework for banks, digital wallets and payment service providers, while strengthening anti-money laundering oversight to meet regulatory requirements amid the country’s continued placement on the FATF (Financial Action Task Force) grey list. Since Bolivia’s central bank lifted crypto asset trading restrictions in June 2024, local cryptocurrency adoption has grown rapidly. Official data shows crypto transaction volume hit $294 million in the first half of 2025, a sharp rise from $46.5 million in the same period of 2024; total national crypto trading volume has increased by around 630% since the restrictions were lifted. Against the backdrop of persistent tight U.S. dollar liquidity and a shift to a floating exchange rate regime, more Bolivian businesses and residents have turned to stablecoins for cross-border payments and value storage. Earlier, state-owned energy firm YPFB announced plans to use cryptocurrency for energy import payments, while Yasta Wallet operated by state-owned Banco Unión launched a USDT purchasing service in April this year for international payments and remittances.

US President Donald Trump said that to honor late Senator Lindsey Graham, the US Senate should be pushed to pass the Clarity Act as soon as possible. Trump noted Graham was a key supporter of the bill, adding that the Clarity Act is critical to America’s competitiveness in the digital asset sector. He warned that other countries are seeking to fully dominate this major financial transformation and the artificial intelligence space, while the US currently remains in a leading position.