Robinhood Chain launched July 1 to bring tokenized stocks onchain, but within two weeks its $3.1 billion in weekly DEX volume was driven mostly by a memecoin called CASHCAT, not the real-world assets Robinhood pitched. Bernstein says the debut cracked the top five blockchains by volume, even as tokenized stocks account for a sliver of the activity.

Bitmine Immersion Technologies disclosed on July 13 that it now holds 5,770,038 ETH, worth roughly $10.5 billion and equal to 4.8% of all ether in circulation. The company's $11.3 billion treasury also includes bitcoin, cash, and surprising stakes in MrBeast's Beast Industries and Eightco Holdings.

What Is a Crypto Basis Trade and How Funds Farm It for Yield

Nous Research, maker of the open-source Hermes agent, is closing a funding round led by Robot Ventures and USV that roughly doubles its valuation to $1.5 billion. The deal, reported by TechCrunch, lands days after Together AI raised $800 million at $8.3 billion, underscoring how open-source AI infrastructure is still pulling in serious money even as investors grow wary of thinly built AI wrapper companies.