KiQabeela
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KiQabeela
Crypto enthusiasts strongly believe in the decentralized blockchain architecture and feel that it solves many problems both financially and politically.
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XRP Price Prediction: Can Korean Demand Trigger XRP’s Next Breakout?
$XRP
XRP is trading around $1.09 with little price change over the past 24 hours, but the prediction worth watching is not from the chart. It is in the premium spread. Korean exchanges are discounting Bitcoin more heavily than XRP, a subtle but telling divergence. When Korean traders hold one coin tighter, it often hints at stronger local conviction. That gap could matter more than the next flashy candle.
Over the past 48 hours, crypto markets have been trapped in a narrow range. Bitcoin hovers around the mid $64,000 area, while Asian altcoin activity has remained surprisingly lively despite the lack of a clear trend. South Korean exchanges, long known for driving retail momentum, continue showing stronger relative demand for XRP than for Bitcoin.
#xrp
$XRP
XRP is trading around $1.09 with little price change over the past 24 hours, but the prediction worth watching is not from the chart. It is in the premium spread. Korean exchanges are discounting Bitcoin more heavily than XRP, a subtle but telling divergence. When Korean traders hold one coin tighter, it often hints at stronger local conviction. That gap could matter more than the next flashy candle.
Over the past 48 hours, crypto markets have been trapped in a narrow range. Bitcoin hovers around the mid $64,000 area, while Asian altcoin activity has remained surprisingly lively despite the lack of a clear trend. South Korean exchanges, long known for driving retail momentum, continue showing stronger relative demand for XRP than for Bitcoin.
#xrp
The DAT Model Under Scrutiny
#SatsumaTechnology
Satsuma’s collapse is the most visible failure yet of the DAT, a digital asset treasury structure that proliferated across UK small-caps in 2025.
These companies, modeled loosely on MicroStrategy’s approach, give equity investors indirect exposure to Bitcoin while bolting on a thin operating business to satisfy UK listing rules on alternative investment fund classification.
The structure works when Bitcoin price momentum and equity premiums reinforce each other; it unravels quickly when both reverse simultaneously, as the convertible note obligations create a sell-to-survive dynamic at exactly the wrong point in the cycle.
The broader regulatory environment for UK crypto companies adds another layer of structural pressure that pure-play listed treasuries are poorly positioned to absorb.
The wind-down proceeds through a “B Share Scheme,” a UK legal mechanism for distributing cash assets back to shareholders. Estimated termination costs run to £2.7M: legal fees, severance, delisting charges, and run-off insurance.
Combined with the £40M recovered from December’s BTC sale, the total capital returned is roughly £66–70M, against the £163.6M raised.
Critically, convertible noteholders rank above common equity in the payout waterfall, so ordinary shareholders may receive considerably less than even those aggregated figures suggest.
Satsuma was the second-largest UK-listed Bitcoin treasury company by holdings at the time of the vote. The Smarter Web Company, holding 2,878 BTC, currently sits at the top of that ranking and has not indicated any plans to wind down, though Satsuma’s outcome will sharpen investor focus on the NAV-to-market-cap gap across all remaining UK crypto treasury vehicles.
The contrast with Michael Saylor’s approach, maintaining Bitcoin conviction through drawdowns rather than liquidating under shareholder pressure, is a live debate in the corporate Bitcoin treasury space right now.
#SatsumaTechnology
Satsuma’s collapse is the most visible failure yet of the DAT, a digital asset treasury structure that proliferated across UK small-caps in 2025.
These companies, modeled loosely on MicroStrategy’s approach, give equity investors indirect exposure to Bitcoin while bolting on a thin operating business to satisfy UK listing rules on alternative investment fund classification.
The structure works when Bitcoin price momentum and equity premiums reinforce each other; it unravels quickly when both reverse simultaneously, as the convertible note obligations create a sell-to-survive dynamic at exactly the wrong point in the cycle.
The broader regulatory environment for UK crypto companies adds another layer of structural pressure that pure-play listed treasuries are poorly positioned to absorb.
The wind-down proceeds through a “B Share Scheme,” a UK legal mechanism for distributing cash assets back to shareholders. Estimated termination costs run to £2.7M: legal fees, severance, delisting charges, and run-off insurance.
Combined with the £40M recovered from December’s BTC sale, the total capital returned is roughly £66–70M, against the £163.6M raised.
Critically, convertible noteholders rank above common equity in the payout waterfall, so ordinary shareholders may receive considerably less than even those aggregated figures suggest.
Satsuma was the second-largest UK-listed Bitcoin treasury company by holdings at the time of the vote. The Smarter Web Company, holding 2,878 BTC, currently sits at the top of that ranking and has not indicated any plans to wind down, though Satsuma’s outcome will sharpen investor focus on the NAV-to-market-cap gap across all remaining UK crypto treasury vehicles.
The contrast with Michael Saylor’s approach, maintaining Bitcoin conviction through drawdowns rather than liquidating under shareholder pressure, is a live debate in the corporate Bitcoin treasury space right now.
Bitcoin News Today: From £163M Raise to Fractional Recovery
$BTC
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
The stock peaked around £14 per share in June 2025. Bitcoin reached its $126,000 all-time high in October before sliding into the current crypto winter, dragging Satsuma’s share price with it.
By December 2025, the company was already liquidating assets to stay solvent, selling 579 BTC for £40M to repay noteholders who declined to convert their debt into equity.
#BTC
$BTC
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
The stock peaked around £14 per share in June 2025. Bitcoin reached its $126,000 all-time high in October before sliding into the current crypto winter, dragging Satsuma’s share price with it.
By December 2025, the company was already liquidating assets to stay solvent, selling 579 BTC for £40M to repay noteholders who declined to convert their debt into equity.
#BTC
Bitcoin News: BTC Treasury Strategy Casualty as Satsuma Technology Votes to Wind Down
$BTC
In Bitcoin news today, shareholders of Satsuma Technology voted by more than 90% on Monday to sell the company’s remaining 668 BTC, worth roughly $43.5M at current prices, and to cancel its LSE delisting, overruling four of six board members and formally ending a Bitcoin treasury experiment that lasted less than 12 months.
The decision crystallizes one of the sharper destructions of investor capital in the UK crypto space: against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound.
This latest Bitcoin Treasury firm news dropped as BTC climbed a modest +0.4% overnight, dropping under $66,000 since yesterday but still trading at $65,700, with a daily trading volume of $31.8Bn.
$BTC
In Bitcoin news today, shareholders of Satsuma Technology voted by more than 90% on Monday to sell the company’s remaining 668 BTC, worth roughly $43.5M at current prices, and to cancel its LSE delisting, overruling four of six board members and formally ending a Bitcoin treasury experiment that lasted less than 12 months.
The decision crystallizes one of the sharper destructions of investor capital in the UK crypto space: against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound.
This latest Bitcoin Treasury firm news dropped as BTC climbed a modest +0.4% overnight, dropping under $66,000 since yesterday but still trading at $65,700, with a daily trading volume of $31.8Bn.
STON.fi Launches Cross-Chain Swaps, Connecting TON to TRON and EVM Stablecoin Economy
STON.fi, the leading AMM protocol on The Open Network (TON), today announced the launch of cross-chain swaps in the STON.fi app, giving users a direct way to move stablecoins between TON, TRON, Ethereum, Base, BNB Chain, Polygon, Avalanche, Arbitrum, and Robinhood Chain through a unified, self-custodial interface.
The launch connects TON to major liquidity and application ecosystems across crypto. As a result, users can move capital between stablecoin markets, TON-native assets, DeFi protocols, and Telegram-native applications without relying on centralized exchanges, bridges, or wrapped assets.
STON.fi, the leading AMM protocol on The Open Network (TON), today announced the launch of cross-chain swaps in the STON.fi app, giving users a direct way to move stablecoins between TON, TRON, Ethereum, Base, BNB Chain, Polygon, Avalanche, Arbitrum, and Robinhood Chain through a unified, self-custodial interface.
The launch connects TON to major liquidity and application ecosystems across crypto. As a result, users can move capital between stablecoin markets, TON-native assets, DeFi protocols, and Telegram-native applications without relying on centralized exchanges, bridges, or wrapped assets.
TradFi Momentum Lifts MEXC to No. 2 in Commodity Perpetuals
TradFi perpetuals became a key growth driver for MEXC in Q2 2026, as the segment emerged as the industry's fastest-growing product category. MEXC's TradFi perpetuals trading volume reached $68.8 billion, giving it a 10.85% market share and a fourth-place global ranking. Within MEXC's own platform, TradFi perpetuals accounted for 7.22% of total derivatives volume, the third-highest such proportion among major centralized exchanges.
Commodities stood out as the strongest-performing segment within MEXC's TradFi perpetuals business. MEXC's market share in commodity perpetuals — including gold, silver, and crude oil — rose from 10.6% to 14.7% in Q2, a gain of 4.1 percentage points. This was the largest increase among all exchanges tracked in the report. The gain brought MEXC to the No. 2 position globally in commodity perpetuals market share.
TradFi perpetuals became a key growth driver for MEXC in Q2 2026, as the segment emerged as the industry's fastest-growing product category. MEXC's TradFi perpetuals trading volume reached $68.8 billion, giving it a 10.85% market share and a fourth-place global ranking. Within MEXC's own platform, TradFi perpetuals accounted for 7.22% of total derivatives volume, the third-highest such proportion among major centralized exchanges.
Commodities stood out as the strongest-performing segment within MEXC's TradFi perpetuals business. MEXC's market share in commodity perpetuals — including gold, silver, and crude oil — rose from 10.6% to 14.7% in Q2, a gain of 4.1 percentage points. This was the largest increase among all exchanges tracked in the report. The gain brought MEXC to the No. 2 position globally in commodity perpetuals market share.
Annamite Capital Announces Institutional Bitcoin Treasury Management Platform
$BTC
Firm offers bespoke managed account solutions to help institutions generate BTC-denominated returns while preserving ownership, custody and institutional governance. As digital asset treasury companies have successfully acquired Bitcoin, the focus has evolved to improving yield generation on these assets.
LONDON, July 22, 2026 /PRNewswire/ -- Annamite Capital, the institutional digital asset investment manager founded by Tom Geary and Lucas Gaylord, has announced the launch of its institutional treasury management platform, designed to help publicly traded Bitcoin holders transform dormant treasury holdings into productive assets, while maintaining institutional standards for custody and risk management.
As public and private companies continue to adopt Bitcoin as a strategic treasury asset, many organizations face a common challenge: how to diversify returns on balance-sheet Bitcoin holdings while maintaining prudent risk and governance controls.
Annamite's Bitcoin Treasury Management platform addresses this need through customized Separately Managed Accounts (SMAs), where clients retain ownership of their Bitcoin, while gaining exposure to Annamite's multi-manager, multi-strategy Bitcoin yield program.
$BTC
Firm offers bespoke managed account solutions to help institutions generate BTC-denominated returns while preserving ownership, custody and institutional governance. As digital asset treasury companies have successfully acquired Bitcoin, the focus has evolved to improving yield generation on these assets.
LONDON, July 22, 2026 /PRNewswire/ -- Annamite Capital, the institutional digital asset investment manager founded by Tom Geary and Lucas Gaylord, has announced the launch of its institutional treasury management platform, designed to help publicly traded Bitcoin holders transform dormant treasury holdings into productive assets, while maintaining institutional standards for custody and risk management.
As public and private companies continue to adopt Bitcoin as a strategic treasury asset, many organizations face a common challenge: how to diversify returns on balance-sheet Bitcoin holdings while maintaining prudent risk and governance controls.
Annamite's Bitcoin Treasury Management platform addresses this need through customized Separately Managed Accounts (SMAs), where clients retain ownership of their Bitcoin, while gaining exposure to Annamite's multi-manager, multi-strategy Bitcoin yield program.
XRP Price Prediction: Has Traded In A Shrinking Box For Six Months And Grok Wants The Top Broken
$XRP
The chart tells a quieter story than the prediction does. XRP closed at $1.08468, down 0.14%, in a session ranging between $1.07840 and $1.09495.
Zoom out from February, and this is not a downtrend anymore; it is a fading range. The February crash from above $2.30 down toward $1.20 was the violent part, and everything since has been a series of lower highs inside a slowly compressing box.
April topped near $1.55. May topped near $1.55 again. July’s bounce topped near $1.20 and already rolled over.
$XRP
The chart tells a quieter story than the prediction does. XRP closed at $1.08468, down 0.14%, in a session ranging between $1.07840 and $1.09495.
Zoom out from February, and this is not a downtrend anymore; it is a fading range. The February crash from above $2.30 down toward $1.20 was the violent part, and everything since has been a series of lower highs inside a slowly compressing box.
April topped near $1.55. May topped near $1.55 again. July’s bounce topped near $1.20 and already rolled over.
Bitcoin Hyper Targets Early-Stage Entry as XRP Tests Critical Levels
$XRP
XRP at $1.13 is a better position than Schwartz’s $0.10 exit, but at a $70 billion+ market cap, the asymmetry available at genuine early stages simply isn’t there anymore.
That’s the structural trade-off every trader running rotational strategies weighs when an asset reclaims resistance rather than breaks into discovery.
The question isn’t whether XRP can go higher; it’s whether the risk-reward at current prices matches what early participants captured.
Bitcoin Hyper is positioning itself in a different part of the risk spectrum entirely. The project is building the first Bitcoin Layer 2 with full SVM integration, meaning Solana Virtual Machine-grade smart contract execution anchored to Bitcoin’s security model, targeting performance that competes with Solana’s throughput while preserving BTC’s trust layer.
The presale has raised $32.9 million at a current token price of $0.0136834, with a staking program live for participants. That combination of infrastructure utility and early pricing is the setup Schwartz described missing, except it’s available now, not in retrospect.
$XRP
XRP at $1.13 is a better position than Schwartz’s $0.10 exit, but at a $70 billion+ market cap, the asymmetry available at genuine early stages simply isn’t there anymore.
That’s the structural trade-off every trader running rotational strategies weighs when an asset reclaims resistance rather than breaks into discovery.
The question isn’t whether XRP can go higher; it’s whether the risk-reward at current prices matches what early participants captured.
Bitcoin Hyper is positioning itself in a different part of the risk spectrum entirely. The project is building the first Bitcoin Layer 2 with full SVM integration, meaning Solana Virtual Machine-grade smart contract execution anchored to Bitcoin’s security model, targeting performance that competes with Solana’s throughput while preserving BTC’s trust layer.
The presale has raised $32.9 million at a current token price of $0.0136834, with a staking program live for participants. That combination of infrastructure utility and early pricing is the setup Schwartz described missing, except it’s available now, not in retrospect.
David Schwartz Regrets Selling XRP at 10 Cents as Price Broke $1.10 Resistance
$XRP
Ripple CTO Emeritus David Schwartz just reminded the market why conviction is the hardest edge to hold. XRP price is trading around $1.12, up about 1% over the past 24 hours after reclaiming the $1.10 level. That move has shifted momentum back toward the bulls, making the timing of Schwartz’s admission hit a little closer to home.
In yesterday’s post on X, Schwartz confirmed he sold XRP at $0.10 and unloaded 40,000 ETH at roughly $1.05 each. Those decisions came from a risk reduction agreement with his wife, not from losing faith in either asset. As every trader eventually learns, your portfolio rarely argues with your spouse and wins.
$XRP
Ripple CTO Emeritus David Schwartz just reminded the market why conviction is the hardest edge to hold. XRP price is trading around $1.12, up about 1% over the past 24 hours after reclaiming the $1.10 level. That move has shifted momentum back toward the bulls, making the timing of Schwartz’s admission hit a little closer to home.
In yesterday’s post on X, Schwartz confirmed he sold XRP at $0.10 and unloaded 40,000 ETH at roughly $1.05 each. Those decisions came from a risk reduction agreement with his wife, not from losing faith in either asset. As every trader eventually learns, your portfolio rarely argues with your spouse and wins.
Morph Launches Tachyon, a High-Performance Layer 1 Purpose-Built for Onchain Trading
The launch expands Morph from a single general-purpose network into a connected financial ecosystem. The existing Ethereum Layer 2 will continue to handle payments, stablecoins, and open finance, while Morph Tachyon provides a dedicated environment for trading.
The Morph ecosystem now spans the full range of onchain finance. Users can pay and settle on one side, trade and invest on the other — all within the Morph network.
The launch expands Morph from a single general-purpose network into a connected financial ecosystem. The existing Ethereum Layer 2 will continue to handle payments, stablecoins, and open finance, while Morph Tachyon provides a dedicated environment for trading.
The Morph ecosystem now spans the full range of onchain finance. Users can pay and settle on one side, trade and invest on the other — all within the Morph network.
UK parliamentary group probes banking barriers for crypto firms
A United Kingdom parliamentary group has launched an inquiry into whether crypto businesses and consumers face barriers to banking services, including account access and restrictions on crypto-related transactions.
On Monday, the Crypto and Digital Assets All-Party Parliamentary Group (APPG) said that it would examine how the restrictions affect investment, competition and economic growth. The group said it would assess whether the restrictions are proportionate.
Written submissions from banks, payment providers, crypto firms and other stakeholders are open until Aug. 31, after which the group plans to publish its findings and recommendations.
A United Kingdom parliamentary group has launched an inquiry into whether crypto businesses and consumers face barriers to banking services, including account access and restrictions on crypto-related transactions.
On Monday, the Crypto and Digital Assets All-Party Parliamentary Group (APPG) said that it would examine how the restrictions affect investment, competition and economic growth. The group said it would assess whether the restrictions are proportionate.
Written submissions from banks, payment providers, crypto firms and other stakeholders are open until Aug. 31, after which the group plans to publish its findings and recommendations.
CoinShares launches UCITS platform targeting Europe’s institutional investors
Crypto asset manager CoinShares is expanding into Europe's €26.3 trillion ($30 trillion) UCITS ecosystem by unveiling a new platform alongside the launch of the CoinShares Bitcoin Mining UCITS ETF.
In a statement released Tuesday, CoinShares said the new platform positions the firm to target major institutional investors across Europe, including pension funds, insurers, and private banks.
CoinShares said that the primary barrier to greater investment was the product wrapper, and many of these investors' mandates prevented holdings in debt securities — even those that are physically backed.
"The UCITS platform removes that constraint, allowing CoinShares to serve those same investors, and the far larger pool of capital behind them, in the format their mandates already accommodate," the company said in the statement.
Crypto asset manager CoinShares is expanding into Europe's €26.3 trillion ($30 trillion) UCITS ecosystem by unveiling a new platform alongside the launch of the CoinShares Bitcoin Mining UCITS ETF.
In a statement released Tuesday, CoinShares said the new platform positions the firm to target major institutional investors across Europe, including pension funds, insurers, and private banks.
CoinShares said that the primary barrier to greater investment was the product wrapper, and many of these investors' mandates prevented holdings in debt securities — even those that are physically backed.
"The UCITS platform removes that constraint, allowing CoinShares to serve those same investors, and the far larger pool of capital behind them, in the format their mandates already accommodate," the company said in the statement.
White House Reportedly Backs Trump Ethics Language As CLARITY Act Push Enters The Final Stretch
White House Reportedly Agrees To Ethics Package
The development was first reported by Journalist Eleanor Terrett, who said on Monday that she was "hearing from multiple industry sources" that the White House had agreed on an “ethics package” and sent the language to certain Senate Republicans that afternoon.
Although the details of the deal are not yet known, Terrett said that industry participants hope the development will help clear the way for updated bill text, which is due for release soon. According to a report by Gateway Pundit, Moreno said that the Department of Justice would be responsible for enforcing the ethics provision of the bill, not state attorneys. Moreno also said he expects the Act to pass before Patrick Witt leaves the White House this month.
White House Reportedly Agrees To Ethics Package
The development was first reported by Journalist Eleanor Terrett, who said on Monday that she was "hearing from multiple industry sources" that the White House had agreed on an “ethics package” and sent the language to certain Senate Republicans that afternoon.
Although the details of the deal are not yet known, Terrett said that industry participants hope the development will help clear the way for updated bill text, which is due for release soon. According to a report by Gateway Pundit, Moreno said that the Department of Justice would be responsible for enforcing the ethics provision of the bill, not state attorneys. Moreno also said he expects the Act to pass before Patrick Witt leaves the White House this month.
Bitcoin needs $1 trillion for its next bull run
In 2011, $2.7 billion of inflows sent Bitcoin up more than 55,000%. This cycle, $697 billion produced 689%. A leading analyst says the math has changed so much that the next parabolic run needs a trillion dollars. Here is the case, and the case against.
Bitcoin just posted the worst month in the history of its exchange-traded funds, bounced modestly into July, and is trading more than 50% below its October 2025 record. Into that gloom, one of the most-watched analysts in crypto dropped a statistic that reframes the entire debate about where Bitcoin goes next.
On July 1, CryptoQuant chief executive Ki Young Ju laid out the numbers behind a claim that is now spreading fast: Bitcoin’s next parabolic bull run may require it to absorb more than $1 trillion of fresh capital. That is not a price target; it is a statement about how much harder it now is to move Bitcoin at all.
This piece breaks down the number behind the claim, what Ju is really arguing, and the serious case on both sides of whether a trillion-dollar bull run is a bullish invitation or a bearish warning.
is that true what you think about this?
In 2011, $2.7 billion of inflows sent Bitcoin up more than 55,000%. This cycle, $697 billion produced 689%. A leading analyst says the math has changed so much that the next parabolic run needs a trillion dollars. Here is the case, and the case against.
Bitcoin just posted the worst month in the history of its exchange-traded funds, bounced modestly into July, and is trading more than 50% below its October 2025 record. Into that gloom, one of the most-watched analysts in crypto dropped a statistic that reframes the entire debate about where Bitcoin goes next.
On July 1, CryptoQuant chief executive Ki Young Ju laid out the numbers behind a claim that is now spreading fast: Bitcoin’s next parabolic bull run may require it to absorb more than $1 trillion of fresh capital. That is not a price target; it is a statement about how much harder it now is to move Bitcoin at all.
This piece breaks down the number behind the claim, what Ju is really arguing, and the serious case on both sides of whether a trillion-dollar bull run is a bullish invitation or a bearish warning.
is that true what you think about this?
The corporate chain land grab: Base, Tempo, and now Robinhood Chain
On July 1, Robinhood launched its own blockchain, joining Coinbase, Stripe, Circle, and Tether in the fastest-moving infrastructure race in crypto: giant consumer companies building their own rails instead of renting someone else’s. The land grab has a clear logic, clear winners, and one uncomfortable question about what happens to the neutral chains everyone used to build on.
For most of crypto’s history, the deal between companies and blockchains was simple: the chains were public infrastructure, and companies were tenants. Coinbase listed tokens on other people’s networks. Stripe processed payments over other people’s rails. Robinhood gave customers a buy button for assets that lived somewhere else. The chains were roads; the companies drove on them.
That arrangement is ending in real time. On July 1, at an event in London called “The World is Flat”, Robinhood launched the public mainnet of Robinhood Chain, its own layer 2 network, and moved its tokenized stock business onto rails it controls.
The launch slots into a pattern that has become the defining infrastructure story of this cycle: Coinbase built Base and turned it into a revenue machine. Stripe incubated Tempo and shipped it in March with half of global finance as design partners. Circle is building Arc. Tether has backed its own settlement chains. In the span of 2 years, nearly every large company that touches crypto has concluded the same thing: owning the road beats paying tolls on it.
The speed of the shift is easy to miss because each launch arrived dressed as a product announcement. Assemble the timeline instead: Base in 2023, the first proof that a corporate chain could scale. The stablechain wave forming through 2025 as the GENIUS Act clarified the rules. Tempo’s testnet in December with Visa and Mastercard already inside, its mainnet in March, Robinhood Chain’s testnet in February and mainnet in July.
On July 1, Robinhood launched its own blockchain, joining Coinbase, Stripe, Circle, and Tether in the fastest-moving infrastructure race in crypto: giant consumer companies building their own rails instead of renting someone else’s. The land grab has a clear logic, clear winners, and one uncomfortable question about what happens to the neutral chains everyone used to build on.
For most of crypto’s history, the deal between companies and blockchains was simple: the chains were public infrastructure, and companies were tenants. Coinbase listed tokens on other people’s networks. Stripe processed payments over other people’s rails. Robinhood gave customers a buy button for assets that lived somewhere else. The chains were roads; the companies drove on them.
That arrangement is ending in real time. On July 1, at an event in London called “The World is Flat”, Robinhood launched the public mainnet of Robinhood Chain, its own layer 2 network, and moved its tokenized stock business onto rails it controls.
The launch slots into a pattern that has become the defining infrastructure story of this cycle: Coinbase built Base and turned it into a revenue machine. Stripe incubated Tempo and shipped it in March with half of global finance as design partners. Circle is building Arc. Tether has backed its own settlement chains. In the span of 2 years, nearly every large company that touches crypto has concluded the same thing: owning the road beats paying tolls on it.
The speed of the shift is easy to miss because each launch arrived dressed as a product announcement. Assemble the timeline instead: Base in 2023, the first proof that a corporate chain could scale. The stablechain wave forming through 2025 as the GENIUS Act clarified the rules. Tempo’s testnet in December with Visa and Mastercard already inside, its mainnet in March, Robinhood Chain’s testnet in February and mainnet in July.
Dave Portnoy vows to hold Bitcoin even if it crashes to zero
Barstool Sports founder Dave Portnoy has vowed to hold his Bitcoin investment even if it falls to zero after revealing he is down millions on a position bought near $100,000.
According to an interview with Fox Business host Stuart Varney, Portnoy admitted that his history with Bitcoin has been defined by buying at the wrong time and selling before major rallies.
Speaking about his latest position, he said he purchased Bitcoin at around $100,000 and acknowledged that the investment is now deeply underwater after the asset lost more than half its value from its October peak of $126,080 to about $62,162.
Instead of exiting the position, Portnoy said he plans to continue holding. He told Varney that previous attempts to sell Bitcoin had repeatedly backfired because the cryptocurrency rallied soon afterward. Having experienced that pattern multiple times, he said he would rather keep the asset regardless of how far the price falls.
Portnoy also described himself as someone who has been consistently wrong on Bitcoin trades. Looking back on earlier market cycles, he recalled panic-selling the cryptocurrency during a price decline in 2021 before it recovered sharply, adding that those experiences shaped his decision not to sell this time.
Barstool Sports founder Dave Portnoy has vowed to hold his Bitcoin investment even if it falls to zero after revealing he is down millions on a position bought near $100,000.
According to an interview with Fox Business host Stuart Varney, Portnoy admitted that his history with Bitcoin has been defined by buying at the wrong time and selling before major rallies.
Speaking about his latest position, he said he purchased Bitcoin at around $100,000 and acknowledged that the investment is now deeply underwater after the asset lost more than half its value from its October peak of $126,080 to about $62,162.
Instead of exiting the position, Portnoy said he plans to continue holding. He told Varney that previous attempts to sell Bitcoin had repeatedly backfired because the cryptocurrency rallied soon afterward. Having experienced that pattern multiple times, he said he would rather keep the asset regardless of how far the price falls.
Portnoy also described himself as someone who has been consistently wrong on Bitcoin trades. Looking back on earlier market cycles, he recalled panic-selling the cryptocurrency during a price decline in 2021 before it recovered sharply, adding that those experiences shaped his decision not to sell this time.
French police bust $1.8M crypto villa scam targeting wealthy couple
French police have arrested two suspected fraudsters accused of stealing about $1.8 million in cryptoassets from a wealthy couple during a fake villa sale after a year-long investigation.
According to French newspaper Var-Matin, French police from the Gassin–Saint-Tropez gendarmerie arrested a mother and her son on June 25 at a rented villa in Cavalaire-sur-Mer. The pair are accused of orchestrating a sophisticated “rip deal” that targeted a couple from Ramatuelle who had placed their villa, valued at around €10 million (about $12 million), on the market in the spring of 2025.
According to the report, the suspects presented themselves as intermediaries acting for a wealthy Italian buyer and invited the sellers to Milan for negotiations. There, the supposed buyer allegedly offered to pay more than the asking price but required proof that the sellers could cover €1.5 million ($1.8 million) in transaction-related costs through cryptoassets before completing the purchase.
French police have arrested two suspected fraudsters accused of stealing about $1.8 million in cryptoassets from a wealthy couple during a fake villa sale after a year-long investigation.
According to French newspaper Var-Matin, French police from the Gassin–Saint-Tropez gendarmerie arrested a mother and her son on June 25 at a rented villa in Cavalaire-sur-Mer. The pair are accused of orchestrating a sophisticated “rip deal” that targeted a couple from Ramatuelle who had placed their villa, valued at around €10 million (about $12 million), on the market in the spring of 2025.
According to the report, the suspects presented themselves as intermediaries acting for a wealthy Italian buyer and invited the sellers to Milan for negotiations. There, the supposed buyer allegedly offered to pay more than the asking price but required proof that the sellers could cover €1.5 million ($1.8 million) in transaction-related costs through cryptoassets before completing the purchase.
India probes Myanmar camps over alleged forced crypto scams
India has opened an investigation after reports alleged that Indian nationals were trafficked into Myanmar and forced to carry out crypto fraud operations inside cyber scam compounds.
According to police in the western Indian state of Maharashtra, authorities have registered a criminal case after the wife of a 24-year-old man reported that her husband had been taken to a cyber scam compound near the Thailand-Myanmar border instead of the job he had accepted in Bangkok. Because the case involves an overseas trafficking network, India’s Ministry of External Affairs has been informed, while central agencies are assisting the investigation.
Police said the victim responded to a social media advertisement offering a graphic design and data entry job in Thailand with a monthly salary of Rs 70,000 (about $815) before travelling there in early June.
Investigators alleged that after arriving in Thailand, he was moved to a compound near the Myanmar border, where his passport and travel documents were confiscated.
India has opened an investigation after reports alleged that Indian nationals were trafficked into Myanmar and forced to carry out crypto fraud operations inside cyber scam compounds.
According to police in the western Indian state of Maharashtra, authorities have registered a criminal case after the wife of a 24-year-old man reported that her husband had been taken to a cyber scam compound near the Thailand-Myanmar border instead of the job he had accepted in Bangkok. Because the case involves an overseas trafficking network, India’s Ministry of External Affairs has been informed, while central agencies are assisting the investigation.
Police said the victim responded to a social media advertisement offering a graphic design and data entry job in Thailand with a monthly salary of Rs 70,000 (about $815) before travelling there in early June.
Investigators alleged that after arriving in Thailand, he was moved to a compound near the Myanmar border, where his passport and travel documents were confiscated.
Trump’s Official Trump memecoin earned him $636M as buyers lost $3.8B
President Donald Trump’s memecoin has generated a reported $636 million payout for him while nearly 1 million buyers have collectively lost $3.81 billion, according to newly analyzed blockchain data and financial disclosures.
According to a report by The New York Times, citing blockchain analytics firm Nansen, 988,905 wallets that bought the Official Trump memecoin had recorded cumulative losses of $3.81 billion through the end of June. Nansen said the figure includes both realized losses and paper losses held by investors who have not yet sold their tokens.
The analysis followed the release of Trump’s 2025 financial disclosure, which showed he received a $636 million payout tied to the TRUMP memecoin. The filing also disclosed at least $1.4 billion in crypto-related income during the reporting period, largely connected to licensing agreements linked to the memecoin and token sales by Trump-backed World Liberty Financial (WLFI).
Unlike retail buyers, Trump benefited from trading activity regardless of whether the token price rose or fell because the venture generated revenue from transactions, The New York Times reported. During the token’s launch, Trump repeatedly promoted the memecoin on Truth Social, encouraging supporters to purchase it.
Three days before his January inauguration, Trump introduced the TRUMP memecoin, describing it on social media as a way for supporters to join his community. Since then, the token has fallen sharply from its peak. Nansen said the memecoin traded at about $1.76 on Friday, roughly 97% below its all-time high of $75.35.
President Donald Trump’s memecoin has generated a reported $636 million payout for him while nearly 1 million buyers have collectively lost $3.81 billion, according to newly analyzed blockchain data and financial disclosures.
According to a report by The New York Times, citing blockchain analytics firm Nansen, 988,905 wallets that bought the Official Trump memecoin had recorded cumulative losses of $3.81 billion through the end of June. Nansen said the figure includes both realized losses and paper losses held by investors who have not yet sold their tokens.
The analysis followed the release of Trump’s 2025 financial disclosure, which showed he received a $636 million payout tied to the TRUMP memecoin. The filing also disclosed at least $1.4 billion in crypto-related income during the reporting period, largely connected to licensing agreements linked to the memecoin and token sales by Trump-backed World Liberty Financial (WLFI).
Unlike retail buyers, Trump benefited from trading activity regardless of whether the token price rose or fell because the venture generated revenue from transactions, The New York Times reported. During the token’s launch, Trump repeatedly promoted the memecoin on Truth Social, encouraging supporters to purchase it.
Three days before his January inauguration, Trump introduced the TRUMP memecoin, describing it on social media as a way for supporters to join his community. Since then, the token has fallen sharply from its peak. Nansen said the memecoin traded at about $1.76 on Friday, roughly 97% below its all-time high of $75.35.
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