July 1st Market Key Intelligence, How Much Did You Miss?

律动BlockBeats

2025-07-01 18:51

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1. On-chain Funds: $32.2M Flows into Arbitrum; $16.7M Flows out of Solana 2. Largest Price Swings: $HFT, $MORI 3. Top News: Deutsche Bank Plans to Launch Cryptocurrency Custody Service by 2026

Top News

1. Bhutanese King Meets Binance CEO, Bhutan Revealed as World's Third-Largest Bitcoin Holding Nation

2. ZachXBT: USDC Emerging as Primary Payment Tool for North Korean IT Personnel, Circle Does Not Freeze Related Activities

3. Deutsche Bank Plans to Launch Cryptocurrency Custody Services by 2026

4. Leadmed Pharma Intends to Acquire Full Ownership of Conflux, Memorandum of Understanding Signed

5. Fragmetric Season 1 Airdrop for FRAG Now Open for Claiming

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

COINBASE

Coinbase took the spotlight today mainly due to several significant developments. Firstly, the U.S. Supreme Court ruled to allow the Internal Revenue Service (IRS) to access Coinbase user data, sparking widespread attention. Additionally, Coinbase has been actively advancing its strategic initiatives, including obtaining the MiCA license in Luxembourg, announcing the launch of perpetual contract trading in the U.S., and partnering with Shopify and Stripe to accelerate stablecoin adoption. Moreover, the competition between Coinbase and Robinhood in the Ethereum Layer 2 (L2) and tokenization of U.S. stocks space has also been a hot topic, with many discussing their impact on the crypto market. Overall, Coinbase's recent developments and strategic partnerships have further solidified its key position in the crypto space.

XRP

XRP has garnered attention primarily due to several key advancements. The XRPL EVM sidechain has been launched on the mainnet, enabling developers to use XRP as Gas to build Ethereum-compatible decentralized applications, enhancing its utility and interoperability. Additionally, Bloomberg has raised the probability of approval for an XRP spot ETF to 95%, significantly boosting market interest. Furthermore, the U.S. Securities and Exchange Commission (SEC) has accepted Grayscale's amendment to convert its digital large-cap fund into an ETF, which includes XRP. These factors, along with XRP's price movement and its integration on platforms like Injective, have made it a focal point of market discussions.

HYPERLIQUID

The discussion about Hyperliquid has been focused on its recent strong market performance, with a return rate of up to 300% since April. It is considered to have a competitive advantage over Robinhood and Coinbase due to its low fees and robust infrastructure. The platform's dominant position in the decentralized perpetual contract market is particularly prominent, with an annual trading volume of $1.571 trillion. There is also speculation that Robinhood may adopt Hyperliquid's infrastructure. Furthermore, the community is exploring the potential impact of Hyperliquid's rapid growth on the overall crypto market landscape.

BYBIT

Today's discussion about BYBIT is mainly centered around its collaboration with xStocks and Backed Finance to launch tokenized assets of U.S. stocks and ETFs. This move allows users to trade on-chain stocks such as AAPL, TSLA, and NVDA, marking a significant progress in the integration of traditional stocks and DeFi. Meanwhile, BYBIT's partnership with Chainlink to provide oracle infrastructure and the listing of these tokenized stocks on platforms like Solana and Kraken further strengthens its role in the tokenized asset ecosystem. The discussion also touches upon the widespread impact of this move on the crypto market, as well as the potential increase in trading volume and accessibility improvements.

RAY

Today's discussion about RAY is focused on its launch of tokenized stock trading on Solana, supported by Raydium. Users can now trade on-chain stocks such as Nvidia and Tesla, access liquidity 24/7, and enter the intermediation-free DeFi stock market. This integration covers support from platforms like Chainlink, Kraken, and Bybit, marking an important step towards the "Internet Capital Market." The discussion's heat stems from this model providing retail investors with the possibility to break traditional financial barriers, further highlighting Raydium's key position in this field.

Featured Article

1. "《Brad Pitt's F1 Movie, Making the Crypto Community Proud》

In this month's cinema, Brad Pitt's starring role in "F1: The Movie" premiered in North America with a box office collection of $56 million in its first week, surpassing $144 million globally, making it the first true blockbuster in Apple's film history. This nearly $300 million film, not only received widespread attention for its IMAX live-action shooting and real team participation but also attracted the gaze of the crypto community. During the movie's promotion, lead actor Brad Pitt personally test drove the McLaren MCL60 race car for the 2023 season, experiencing his first F1 driving experience, and on Brad Pitt's race car and driver's suit, is a logo that the crypto community is very familiar with—OKX.

2. "Robinhood's High-profile Product Launch at Cannes in Summer, Completely Ignites the On-chain Brokerage Competition"

Can a brokerage firm not only disrupt the commission system, but also the underlying infrastructure of global asset trading? Robinhood seems to have provided its own answer. At the just-concluded Cannes event in France, this giant that shook up the U.S. securities industry with zero commission fees threw out a highly imaginative vision to the outside world: to leverage blockchain and tokenization to comprehensively move stocks, derivatives, and even private equity onto the chain, and ultimately build a new Layer2 public chain capable of supporting global real assets—Robinhood Chain. This event was not just a simple product list, but a declaration of Robinhood's vision for the next decade. Europe, the U.S., and the global market have been respectively designated with different breakthrough points, yet they echo each other, jointly outlining a round-the-clock trading new order driven by tokenized assets. This article will be divided into three parts, combining information from Robinhood's on-site event and the industry background to delve into the intricacies of this "on-chain brokerage" grand strategy.