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Decentralized exchange (DEX) aggregator 1inch (1INCH) announced via its official X account that it now supports trading stock tokens on the Robinhood Chain. The platform stated that the global asset market is moving on-chain and that it is participating as a launch day partner. The move follows the launch of the public mainnet for Robinhood Chain, an Arbitrum (ARB)-based Layer 2 network from the U.S. stock and crypto trading app Robinhood (Nasdaq: HOOD), as CoinNess reported yesterday.

Germany's largest bank, Deutsche Bank, believes tokenization technology could reshape the structure of financial markets by lowering banks' reserve requirements and increasing intraday repurchase agreement (Repo) transactions, Cointelegraph reported. Last year, Deutsche Bank announced plans to launch an early version of a real-world asset tokenization platform, stating at the time that the technology would bring new opportunities for individual investors, banks, and corporations.

A lack of a clear value narrative has been cited as one reason why Ethereum (ETH) has failed to break the $5,000 mark for five years. Ansgar Dietrichs, a former Ethereum Foundation researcher and current director at Ethlabs, stated on a recent podcast that he struggles to clearly explain the actual role ETH plays as an asset today. He added that one of Ethlabs' core goals is to provide a clear direction for what ETH is meant to be. Podcast host Laura Shin noted that the most surprising part of her conversation with Dietrichs was his open admission that ETH still lacks a clear value narrative, even as it has been unable to surpass $5,000 for five years.

According to CoinNess market monitoring, BTC has risen above $61,000. BTC is trading at $61,145.02 on the Binance USDT market.

Kwave Media (Nasdaq: KWM), a South Korean entertainment company listed on the U.S. Nasdaq, has sold its entire holding of approximately 88 BTC, according to BitcoinTreasuries.net. The sale was aimed at securing liquidity and repaying $6 million in debt. The move follows the company's declaration in May 2026 that it was abandoning its strategic Bitcoin accumulation plan, which it had announced last year.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added 134 cryptocurrency wallets linked to the terrorist group ISIS-K to its sanctions list, Chainalysis reported. This includes 131 Tron wallets and three Monero wallets. In a separate action, OFAC also sanctioned individuals associated with the Latin American criminal organization PCC for laundering illicit funds using cryptocurrency.

Nasdaq-listed company Emperi Digital (EMPD) has suggested it may sell a portion of its 3,000 BTC holdings to finance a $65 million artificial intelligence (AI) data center project, BitcoinTreasuries reported. The company currently has no plans to increase its Bitcoin reserves.

The three major U.S. stock indices closed lower today. - S&P 500: -0.21% - Nasdaq: -0.66% - Dow Jones: -0.02%

Hyperscale Data (GPUS), a Bitcoin mining company listed on the New York Stock Exchange (NYSE), has purchased 49.249 BTC, worth approximately $2.9 million, Bitcoin Magazine reported.

U.S. stock and crypto trading app Robinhood (HOOD) has launched the public mainnet for its own Layer 2 network, Robinhood Chain, built on Arbitrum (ARB), marking a full-scale entry into decentralized finance infrastructure, CoinDesk reported. The company's stock token product, available in 120 countries, has also officially gone live. Robinhood Chain has also unveiled Robinhood Earn, a decentralized lending product offering a 7% annual yield. Additionally, Robinhood is expanding its perpetual futures trading in Europe to include commodities, ETFs, and forex. The company also plans to launch crypto trading services in the UK and expand into Canada following its acquisition of the crypto platform WonderFi. For its U.S. users, Robinhood has released an AI-based trading tool called "Agentic Accounts."

The total assets under management (AUM) of global cryptocurrency exchange-traded products (ETPs) have decreased by approximately 15% since the beginning of the year to $140 billion, Sentora reported. However, the amount of Bitcoin held by these ETPs remains at 1.25 million BTC, within 8% of its all-time high. Sentora explained that considering Bitcoin's price has fallen about 50% from its peak of $126,000, this decline in AUM likely reflects mark-to-market valuation changes rather than significant outflows from institutional investors.

The Ethereum Foundation (EF) has positioned its network as a neutral public cryptocurrency infrastructure suitable for identity verification and public record management, according to a recent policy guideline report cited by CoinDesk. The report argues that traditional services relying on centralized institutions are highly vulnerable to cyberattacks and political pressure. In contrast, the EF highlighted that the Ethereum network has never been interrupted since its 2015 launch and is supported by the economic security of $76 billion in staked assets. The foundation also noted that several governments, including those in Bhutan, Buenos Aires, and India, are already testing Ethereum. The report advises politicians to clearly distinguish between decentralized public chains and networks controlled by specific companies.

Strategy (MSTR) founder Michael Saylor said on X that the company's goal is for its STRC stock to trade between $99 and $100 in the future. Strategy previously raised the annual dividend rate for STRC to 12%. STRC is a dividend-focused preferred stock designed to fund Strategy's Bitcoin purchases. STRC is currently trading at $88.49, up 4.28% from the previous trading day.

Following the implementation of laws in Tennessee and Georgia to ban or restrict crypto ATMs, other states such as Indiana and Minnesota are taking similar actions, Cointelegraph reported. State authorities are banning the machines to protect consumers from a surge in crypto transfer fraud. The outlet added that stricter regulatory standards and rising fraud prevention costs are dismantling the previously high-profit business models of crypto ATM companies.

Following a 17% plunge and subsequent 5% rebound in Circle (CRCL) stock, global investment bank Jefferies has stated it would not advise buying the dip. The initial drop was triggered by the announced launch of the OpenUSD (OUSD) stablecoin by OpenStandard, a consortium of over 140 payment and crypto firms including Visa and BlackRock. According to Jefferies, the headwinds for Circle are unlikely to ease, as the new competition could pressure USDC's supply growth and market share. The bank noted that the new competitor has a large distribution network, an advantage Circle lacked in its early days. Jefferies identified Coinbase's participation in the OpenUSD project as a particular risk. Approximately 95% of Circle's revenue comes from interest on its USDC reserves, making the company highly dependent on its largest distribution partner, Coinbase. The contract between the two firms is reportedly up for renewal in August. While Jefferies does not see Coinbase's involvement as a sign it will abandon USDC, the bank explained that the exchange promoting a rival stablecoin could impede USDC's growth.

Bitcoin has rebounded to the $60,000 level after dropping to $57,779, following signals of slowing inflation in U.S. economic data and ambiguous remarks from Federal Reserve Governor Kevin Warsh, Decrypt reported. The June ADP private employment figures and the ISM manufacturing index both came in below expectations, easing inflation concerns. However, Warsh did not provide clear guidance on potential interest rate hikes in July or September. According to the outlet, while spot BTC ETFs experienced their worst month on record in June with $4.5 billion in net outflows, the market is showing early signs of bottoming out. This is supported by renewed buying from long-term holders and thickening buy orders on Binance and Coinbase. The future direction of the market is expected to be determined by the results of upcoming U.S. employment data.

According to data from Arkham, an address believed to belong to the Winklevoss brothers, founders of the U.S. cryptocurrency exchange Gemini, has transferred BTC worth $60 million to the platform. U.Today reported, citing industry sources, that while it has not been officially confirmed whether the transfer is an attempt to sell or a portfolio rebalancing, the move is similar to previous selling patterns.

U.S. Democratic Senator Elizabeth Warren, a noted opponent of cryptocurrency, has called for legislation to prevent President Donald Trump from earning additional profits from his crypto-related business ventures. Her statement follows the release of Trump's annual financial disclosure for 2025, submitted to the U.S. Office of Government Ethics, which revealed that he earned a total of $1.4 billion from his crypto business last year.

Drift (DRIFT), the Solana-based perpetual futures platform that suffered an approximately $295 million hack in April, has announced it is rebranding to Velocity. The company described the move as a step toward building a next-generation trading platform architecture. It explained that the name Velocity symbolizes trading speed and market momentum, which are crucial in the perpetuals market, and also signifies a fresh start for the platform. Drift plans to open a beta version to select partners and traders in the coming days.

Whale Alert reported that 300 million XRP has been locked in escrow at Ripple.

The cryptocurrency market has entered the final stage of its bear cycle, with Bitcoin potentially forming a bottom within the next few months, according to Wall Street investment bank Cantor Fitzgerald. In a recent report cited by CoinDesk, the bank analyzed that as of June 10, BTC was 252 days past its peak and had fallen approximately 51%. Given that Bitcoin has historically bottomed out in an average of 384 days, it could reach its lowest point by the end of October. Cantor Fitzgerald advised that as the market approaches an inflection point, investors should focus on projects that create sustainable value rather than on speculative investments, highlighting Hyperliquid (HYPE) as a key example. The report also noted that projects such as Solana (SOL), Sui (SUI), XRP, and Zcash (ZEC) need to prove their ecosystem growth can translate into token demand.

Whale Alert reported that 400 million XRP has been locked in escrow at Ripple.

Forward Industries (FWDI), the largest corporate accumulator of Solana (SOL), currently holds 7.75 million SOL. According to The Block, this is valued at approximately $576 million, making it the largest holding among publicly traded companies. Forward Industries previously announced it had acquired an additional 500,000 SOL during the third quarter at an average price of $79. The company's stock also rose around 17% in early U.S. trading.

BNB Chain has announced the launch of BNB Agent Studio, a platform for building AI agents, in partnership with the Amazon Web Services (AWS) Generative AI Innovation Center. The platform aims to simplify the complex process of on-chain app development and allows developers to control agents directly from compatible tools. The AI agents created can receive cryptocurrency payments to cover their own operating costs. With information stored on both AWS and on-chain, they can also be tokenized and have their ownership transferred. BNB Chain plans to release new features on a bi-weekly basis.

Ansgar Dietrichs, executive director of the recently launched non-profit Ethereum research and development group Ethlabs, stated that the organization will play a complementary role to the Ethereum Foundation (EF) rather than competing with it. Ethlabs, which was founded last month by former Ethereum Foundation researchers, is strategically positioning itself to fill gaps intentionally left by the foundation, Dietrichs explained. He said the group plans to continue existing research, including work on Layer 1 scalability previously led by the foundation, while also expanding into new areas such as interoperability and collaboration with financial institutions exploring blockchain infrastructure. Dietrichs emphasized that Ethlabs was established as a non-profit with the sole goal of supporting Ethereum's long-term success, not generating commercial profit, adding that the group has no other motive than to help Ethereum.