24H crypto roundup: Iran says Hormuz Strait is currently closed, while Robinhood Chain tops $1 billion in first-week DEX volume

24H crypto roundup: Iran says Hormuz Strait is currently closed, while Robinhood Chain tops $1 billion in first-week DEX volume

N
News Editor
2026-07-12 22:53:20
Crypto markets opened the July 13 cycle with mixed performance across the most-traded tokens on centralized exchanges, while geopolitics and U.S. policy developments drove much of the broader headline flow. Among the top 10 CEX tokens by trading volume, BNB, BTC, ETH, SOL and XRP posted losses over the past 24 hours, while WLD, ZEC and TRX moved higher. LAT led OKX’s 24-hour gainers with a 58.58% jump, followed by AGLD and T. On-chain meme activity tracked by GMGN featured Harris, Boycoin, fubu, HYPNO and SUNNYS. Outside the market screens, Iran’s Strait management authority said the Strait of Hormuz is currently not passable and that permit reviews will resume after conditions stabilize, according to Xinhua. That statement came alongside comments from Iran’s top leader Mojtaba Khamenei, who said Iran would retaliate against the U.S. and Israel, while U.S. Central Command said shipping through the waterway remains open and that Iran does not control the strait. In crypto-specific developments, a U.S. housing bill containing a ban on a Federal Reserve central bank digital currency has taken effect after Donald Trump neither signed nor vetoed it within 10 days. Robinhood Chain reported more than $1 billion in DEX volume in its first week, and ZachXBT alleged market manipulation involving LAB-linked addresses.
Strait of HormuzRobinhood ChainCLARITY ActCBDCLABBitcoinTrump

Top traded tokens and 24-hour movers

Among the top 10 tokens on centralized exchanges by trading volume, BNB fell 1.19%, BTC fell 0.75%, ETH fell 0.72%, SOL dropped 1.63%, WLD rose 3.75%, ZEC added 2.53%, NEAR slipped 0.05%, SPCXB fell 0.40%, TRX gained 0.18%, and XRP declined 2.30%.

On OKX’s 24-hour gainers list, LAT led with a 58.58% increase. AGLD rose 20.30%, T climbed 20.07%, ZEUS gained 8.22%, EDGE advanced 6.33%, ALLO added 6.10%, HMSTR rose 4.71%, BASED gained 3.80%, WLD rose 3.80%, and SNX was up 3.78%.

For crypto-related stocks, msx.com data showed STKE.M up 3.6%, FFAI.M up 3.2%, SKHYV.M up 2.43%, BTDR.M up 2.33%, AMRK.M up 1.88%, DISK.M up 1.79%, BLNK.M up 1.75%, SEGG.M up 1.72%, OUST.M up 1.62%, and MX.M up 1.49%.

GMGN’s top five on-chain meme tokens were Harris, Boycoin, fubu, HYPNO, and SUNNYS.

Geopolitical headlines

Donald Trump said in an interview that Iran had agreed yesterday to what he called a “perfect deal” with no nuclear weapons and no conditions, but then attacked a ship with drones less than an hour after leaving the room.

Iran’s Persian Gulf Strait management authority said the Strait of Hormuz is currently not passable and that reviews of passage applications and permit issuance will resume after the situation calms, according to Xinhua.

CCTV International reported that Iran’s top leader, Mojtaba Khamenei, said Iran would stick to its political course, hold the U.S. and Israel responsible for the death of the late supreme leader, and respond with retaliation.

In a separate statement cited by Jin10, U.S. Central Command said the Strait of Hormuz remains open to all vessels seeking lawful transit, that U.S. forces are positioned to ensure freedom of navigation, and that Iran does not control the waterway.

Policy and industry updates

The U.S. 21st Century Housing Development Act has taken effect, including a provision that bars the Federal Reserve from issuing a central bank digital currency. Trump did not sign or veto the bill within 10 days after it was sent to the White House, so it became law under constitutional procedure after previously passing both chambers by wide margins.

U.S. Commodity Futures Trading Commission Chair Mike Selig said the CLARITY Act would establish a comprehensive regulatory framework for digital assets and called it legislation that “must pass” if the U.S. wants to remain a global crypto hub.

A report from NVCA and PitchBook said a SpaceX listing, combined with potential IPOs from Anthropic and OpenAI, could push the combined valuation of the three companies above $4 trillion. The report said the value created would exceed the total exit value of all U.S. venture-backed companies since 2000.

Project developments

Blockchain investigator ZachXBT said an address linked to the LAB team, and initially funded by it, deposited 18.4 million LAB into Aster and kept selling on DEXs. He said that activity sent LAB down about 54% over 48 hours. The entity still holds about 81.5 million LAB, and the address had previously controlled more than 95% of supply.

GMGN market data showed Robinhood Chain meme token CASHCAT briefly pushed its market capitalization to a record $200 million and rose more than 20% on the day.

Lighter said it has completed its previously announced buyback burn, destroying a total of 15,638,702 LIT, which will be permanently removed from circulation.

According to Decrypt, Robinhood Chain processed more than 17 million transactions in its first week, with nearly 350,000 addresses and about $250 million in total value locked. DEX volume topped $1 billion over that period. Its 24-hour DEX volume was about $433 million, ranking fifth among all blockchains and above Hyperliquid, while ARB rose 20% on ecosystem rebates.

Notable market views

Serenity said Boston Dynamics does not plan to reach annual production capacity of 30,000 humanoid robots until 2028, while total output capacity across Chinese robot manufacturers could reach 100,000 units by the end of 2026. He said that could prompt institutions to reprice the humanoid robotics business, and questioned IBK Research’s linear growth forecast, arguing that actual expansion is more likely to follow an S-curve.

Bitmine chairman Tom Lee said Robinhood Chain’s trading volume has already surpassed many mature crypto DEXs. Because it uses ETH as the native gas token and settles to Ethereum layer 1, he said the network highlights ETH’s monetary role in the on-chain economy.

Standard Chartered kept its forecast for Bitcoin to reach $100,000 by the end of 2026. The Block cited Geoffrey Kendrick, the bank’s global head of digital assets research, as saying the market has not fully understood Strategy’s recent shift from an “accumulation vehicle” to a model that uses BTC-backed credit to support STRC preferred stock, rather than signaling balance-sheet deterioration.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
300

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.