Multicoin Capital Transfers 261,000 HYPE Tokens to Coinbase, Valued at $21.7 Million

Renowned trader Bonk Guy posted that PONS has seen sustained revenue growth recently, with daily income staying above $1.3 million to $2 million for most of the past week, and not dropping below $1.1 million for seven consecutive days. Meanwhile, PONS’ buyback wallet has accumulated nearly $3 million so far; these funds will be used to repurchase PONS via Time-Weighted Average Price (TWAP), and the wallet’s fee replenishment rate is currently outpacing its fund consumption rate. 100% of PONS’ generated fees are allocated to repurchases and token burns. PONS’ actual market cap is likely significantly lower than its Fully Diluted Valuation (FDV). At the time of posting, its price stood at around $0.736, translating to an FDV of roughly $736 million. However, since PONS’ launch, approximately 30% of its token supply has been repurchased and burned via fees, bringing its actual market cap closer to $515 million. Additionally, PONS hit an all-time high of ~80% market share on Robinhood Chain yesterday, holding between 75% and 80% for most of the past week. The platform also set a new all-time high for daily token issuance, peaking at 28,560 tokens in a single day, with around 27,600 new tokens launched over the past 24 hours. PONS is benefiting from the growth of the Robinhood Chain ecosystem and has established itself as the chain’s leading Launchpad. Bonk Guy noted that PONS currently boasts daily revenue of $1 million to over $2 million, nearly $3 million in buyback funds, ~30% of its supply burned, no VC unlock pressure, and strong early community support. Comparing PONS to PUMP, he argued its current actual market cap remains attractive. Traditional finance quant trading networks are also starting to take notice of PONS, calling it a potential “most tradable asset of this cycle”. He expects sustained buying during market pullbacks and is bullish on its market cap eventually reaching the multi-billion-dollar level.

According to Iran's Tasnim News Agency, the Navy of Iran's Islamic Revolutionary Guard Corps (IRGC) claimed it captured a U.S. unmanned underwater vehicle (UUV) at the entrance to the Strait of Hormuz early local time today and brought it back to Iran. The IRGC Navy stated that the vessel is "one of the most advanced intelligent unmanned submarines in the world", was delivered to the U.S. Navy in 2025, and seized at "a complex facility". The IRGC will release photos of the UUV within hours. The claim has not yet been confirmed by U.S. officials.

Cobo co-founder and CEO Shen Yu posted on social media, stating: "I really have a lingering negative impression of ZEC. Back in 2016, when Zcash’s mainnet launched, BitMEX set a hard price cap of 10 BTC. Shortly after mining kicked off on launch night, the transformer at a GPU mining farm was struck by lightning. Since then, ZEC has never appeared in my personal wallet."

Prediction market platform Polymarket today announced the launch of Squads, a new social feature for its US version of the Polymarket app. Squads provides an exclusive communication space for friends, where users can discuss markets, share their prediction selections, and trade directly with friends on Polymarket. The feature brings market discussions that originally took place in group chats onto the Polymarket platform, centralizing conversations and actual trading in one place to make it easier for friends to jointly participate in and experience prediction markets.

According to GMGN market data, Venice (VVV) has hit an all-time high market capitalization of over $2.7 billion, with a 24.69% 1-hour price increase, and is currently trading at $23.89. Per a July 1 report, Venice AI completed a $65 million Series A funding round led by Dragonfly Capital.

According to GMGN data, the BSC-based coin-stock BNC4 has fallen 27.07% in the past hour, trading at $5.3. Per BIT (bit.com) market data, US stock BNC is now priced at $4.72. The premium of the coin-stock over its underlying stock has narrowed sharply. Note: 4Stock originated from the "stock meme" narrative launched by Four.meme. It first rolls out 4Stock underlying assets linked to stock assets, then allows the community to issue meme coins using these assets as the pool. BNC4 is the first 4Stock coin-stock, pegged 1:1 to the BNC stock of the corresponding BNB Treasury Company, with the meme coin "4Stock" tied to the BNC4 pool. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.