Author: James Wilson

Robinhood Chain launched, filled with memecoins, briefly ranked third among DEXs, and the “Solana killer” talk started immediately. Then you look at the actual numbers. Solana has 27 times the value locked and 2 million more users. This is not a flippening. It is a fair fight over the wrong metric. Summary Robinhood Chain launched July 1 and drew roughly $185 million in value locked and over $3 billion in first-week DEX volume, briefly ranking among the top DEXs by volume and prompting Solana comparisons. Solana dwarfs it on every durable metric: around $4.93 billion in value locked, $1.91 billion…

Hyperliquid co-founder Jeff Yan has warned that crypto’s failure to attract enough top entrepreneurs has become one of the industry’s biggest obstacles as young talent moves toward artificial intelligence. Summary Jeff Yan says crypto is struggling to attract top young entrepreneurs. AI’s prestige and rapid growth are pulling talented founders away from on-chain finance. George Noble warns heavy AI spending could create serious financial risks. The VALR podcast featured Yan’s comments on how the AI boom and the social status attached to the technology have influenced career choices among young founders. According to Yan, many talented people remain unsure which…

Noxa has halted token launches after generating more than $12 million in fees and helping Robinhood Chain reach $4 billion in cumulative decentralized exchange volume within two weeks. Summary Noxa halted launches after earning $12 million in fees within two weeks. CASHCAT plunged over 33% as Robinhood Chain trading volume declined. Rival launchpads are competing to capture activity previously controlled by Noxa. crypto.news reported that the launchpad stopped operating on July 11 after becoming the main platform behind Robinhood Chain’s early memecoin activity. Noxa had supported more than 60,000 token launches and accounted for about 75% of all deployments on…

Cathie Wood’s ARK Invest has bought $18.3 million of SpaceX shares after the stock fell 5.43% to a new post-IPO low, according to the firm’s July 17 trading report. Summary ARK Invest bought $18.3 million of SpaceX shares after the stock hit a post-IPO low. Four ARK ETFs acquired 147,623 shares as SpaceX closed 8.2% below its IPO price. SpaceX delayed Starship Flight 13 after two Raptor engines failed during pre-flight testing. According to ARK’s daily disclosure, four of its actively managed exchange-traded funds purchased a combined 147,623 SpaceX shares as the stock closed Friday at $123.99. During the session,…

Kaspersky has exposed OkoBot, a year-old malware operation that uses roughly 20 modules to steal crypto wallet recovery phrases and has affected users across at least five countries. Summary Kaspersky uncovered OkoBot using roughly 20 modules to steal crypto wallet credentials. The malware has affected users in Brazil, Vietnam, Canada, Mexico, and Turkey. OkoBot uses fake recovery screens, keylogging, spyware, and ClickFix commands to target victims. Kaspersky researchers discovered that the malware has remained active for more than a year, according to a report published by Bits.media. Most identified victims were located in Brazil, Vietnam, Canada, Mexico, and Turkey, while…

Ethereum has risen 1.8% to $1,845 after Rep. Bryan Steil raised hopes for a Senate vote on the CLARITY Act next week, while ETF inflows and firm chart support kept traders cautiously bullish. Summary Ethereum rose 1.8% as Bryan Steil raised hopes for a CLARITY Act vote next week. Spot Ethereum ETFs recorded $105 million in weekly inflows, their highest since April. ETH must defend $1,830 and break $1,854 to target the $1,947 resistance zone. Steil, who chairs the House Financial Services Subcommittee on Digital Assets, told FOX Business that the bill could reach the Senate floor in the coming…

With Strategy’s cash reserve now at $3 billion, founder Michael Saylor has named corporate adoption as a necessary condition for Bitcoin to become a global currency network. Summary Michael Saylor says corporate adoption is essential for Bitcoin to become a global currency network. Strategy’s $3 billion cash reserve has helped ease concerns about forced Bitcoin sales. Bitcoin Japan plans its first treasury purchase as companies expand exposure to the asset. In a July 18 X post, Saylor described companies as legal structures that allow people to work toward a shared mission with more efficiency, transparency, credibility, scale, and staying power.…

A TrustedVolumes attacker has returned 1,122 ETH worth about $2 million while keeping another $2 million as a self-declared bounty. Summary The TrustedVolumes attacker returned 1,122 ETH worth about $2 million. The exploiter retained another $2 million as a self-declared bounty. Blockaid traced the May attack to TrustedVolumes’ custom RFQ swap proxy. According to Com Feed monitoring, the Ethereum transfer represents a partial recovery from the May exploit, which initially drained about $5.87 million from a contract controlled by the liquidity provider. The attacker has retained roughly the same dollar amount as the returned funds, labeling it a bounty. ⚠️…

OKX Europe has opened a one-way conversion route across 30 EU and EEA countries, allowing customers to deposit USDT and exchange it for MiCA-compliant USDC. Summary OKX Europe now lets users deposit USDT and convert it into MiCA-compliant USDC. Tether continues to reject MiCA approval over concerns about the framework’s reserve requirements. Binance’s European retreat has left licensed exchanges competing for users affected by MiCA restrictions. According to an OKX announcement, eligible customers can send Tether’s USDT to their OKX Europe accounts before converting the tokens into Circle-issued USDC. OKX also promoted an 8% deposit bonus for customers moving funds…

FTX has scheduled its fifth creditor distribution for July 31, preparing to return nearly $900 million as founder Sam Bankman-Fried’s efforts to secure clemency face political resistance. Summary FTX will begin its fifth creditor distribution, worth nearly $900 million, on July 31. Preferred shareholders will receive another $18 million, lifting total trust payments to $95 million. SBF’s pardon campaign faces resistance as criminal cases linked to FTX continue. According to an FTX press release, the bankrupt exchange will distribute funds to creditors with approved claims in the Convenience and Non-Convenience Classes under its Chapter 11 reorganization plan. Claimants must have…