Ethereum Layer 2 (L2) Total Value Locked (TVL) drops to a two-year low, ecosystem momentum weakens.

According to GMGN data, the on-chain meme coin ANTHROPIG on the Robinhood chain briefly hit a new high of $9 million, currently trading at $7.61 million, with a 24-hour trading volume of $6.7 million. ANTHROPIG’s core narrative is “Anthropic Pig / Pigified Anthropic”, directly capitalizing on the hype around Long.xyz’s upcoming/already supported Anthropic tokenized 1x long position (ANTHROPICx1L). Trading is conducted via pairing on the Long.xyz platform with ANTHROPICx1L (Anthropic’s 1x long tokenized position). Long.xyz is a meme coin issuance platform on the Robinhood chain, focusing on an innovative “crypto-stock meme” model that ties traditional meme coins directly to tokenized U.S. stocks, forming a dual-driven mechanism of “sentiment speculation + real asset anchoring”. The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.) instead of traditional USDT or ETH pairs. A portion of transaction fees flows back to the community treasury to accumulate the corresponding U.S. stock tokens, creating a unique value capture model. Anthropic currently has high IPO expectations, but as it remains unlisted, direct long positions are difficult in traditional markets. On-chain platforms like this provide speculative exposure through such tokenized long positions paired with meme coins, representing an upgraded version of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related tokens have high price volatility and significant uncertainty, so users should exercise caution in their investments.

According to GMGN data, Robinhood's on-chain meme coin FRONTIER hit a market cap of $3 million and trading volume of $2.3 million just 10 minutes after launch. FRONTIER is inspired by a recent article from Anthropic CEO Dario Amodei, in which he explains to the public why the AI industry should slow down and proposes a three-part plan to achieve this. FRONTIER trades in pairs with ANTHROPICx1L (Anthropic 1x Long tokenized position) via the Long.xyz platform. Long.xyz is Robinhood's on-chain meme coin launch platform, focused on an innovative "coin-stock meme" model that ties traditional meme coins directly to tokenized U.S. stocks, forming a dual-driven mechanism of "sentiment speculation + real asset anchoring". The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.) instead of traditional USDT or ETH pairs. A portion of transaction fees flows back to the community treasury to accumulate the corresponding U.S. stock tokens, creating a unique value capture model. Anthropic currently has high IPO expectations, but as it remains unlisted, direct long positions are difficult in traditional markets. On-chain platforms like this provide speculative exposure via such tokenized long positions paired with meme coins, representing an upgraded version of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related tokens have high price volatility and significant uncertainty, so users should exercise caution when investing.

According to GMGN market data, after an afternoon of shake-out and consolidation, Robinhood ecosystem meme coin CATGPT has surged again, briefly breaking through the $20 million market cap before pulling back. Its current market cap stands at $15.62 million, with a 41% gain in the past hour. CATGPT trades in a pair with OPENAIx1L (OPENAI 1x Long tokenized position) via the Long.xyz platform. Long.xyz is a meme coin launch platform on the Robinhood chain, focusing on the innovative "coin-stock meme" model that directly links traditional meme coins to tokenized U.S. stocks, creating a dual-driven mechanism of "sentiment speculation + real asset anchoring." The platform allows users to issue meme tokens and pair them directly with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.), instead of the traditional pairing with USDT or ETH. A portion of transaction fees flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a unique value capture model. OPENAI currently has high IPO expectations, but as it remains unlisted, traditional markets cannot easily go long on it. On-chain platforms like this provide speculative exposure through such tokenized long positions paired with meme coins, an upgraded iteration of the earlier trend of pairing meme coins with stock tokens like NVDA. BlockBeats reminds users that related token prices are highly volatile and carry significant uncertainty, so users should exercise caution when investing.

Renowned trader Killa published an analysis noting that Bitcoin has been in repeated choppy swings recently, with the market repeatedly hunting long positions below previous lows—aimed at liquidating leverage and gradually eroding the confidence of long-position holders. Killa argues that this continuous stop-hunting behavior typically signals the market’s ultimate intent to reward longs, with the final sweep marking a local bottom before prices extend higher. A BTC-focused quantitative trader, Killa correctly predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, and shifted to a long position on June 5 amid the market’s broad sell-off.

According to data from crypto analyst @AxelAdlerJr, Bitcoin's futures contract open interest has decreased by 13,600 units over the past 24 hours, equivalent to roughly $1.051 billion. Separately, HTX market data shows Bitcoin experienced sharp short-term volatility after last night's CPI release: it dipped to a low of $76,000 before rallying to a high of $79,800, with the majority of contract leverage being liquidated during this period.

Crypto analyst Darkfost cited market data, noting that based on the latest CPI figures, the U.S. core CPI has hit a low not seen in over five years. While monthly inflation remains elevated, the long-term downward trend since 2022 is clear. Darkfost argues the Federal Reserve (Fed) bases its decisions on long-term developments rather than monthly noise. Although market forecasts put the probability of an interest rate hike as high as 85-90%, Darkfost asserts there is no urgency for the Fed to raise rates in September.