Robinhood Chain reaches $700 million in assets three weeks after launch
Robinhood Chain has reached $700 million in total onchain assets three weeks after going live. Of that amount, $430 million is in stablecoins, while about $500 million sits in protocol TVL.
Within that figure, Morpho accounts for $200 million in TVL and is generating a yield of about 7%. Morpho has also been integrated directly into the Robinhood app, removing the need for a separate Robinhood wallet.
Worldcoin Foundation sells 217.4 million WLD at a discount
Worldcoin Foundation sold 217.4 million WLD to institutions including Pantera Capital, raising about $52.5 million. Based on the token amount and the funds raised, the deal price works out to about $0.24 per WLD, or roughly 36% below the token’s current market price. The tokens were distributed from the team wallet to multiple addresses and come with a one-year lock-up.
World Foundation said the WLD sold in the transaction does not represent equity or profit rights in Tools for Humanity. The proceeds will be used to expand World ID technology for enterprises, consumers, and AI agents. World Network currently has more than 39 million users, with over 18 million having completed Orb verification.
Movement files for bankruptcy
Movement has filed for bankruptcy. Since last November, daily app revenue on the chain has stayed below $800 for an extended period, while daily chain fees have remained in the single digits. Over the past 24 hours, fees were just $1.
At the same time, Movement has raised a cumulative $141.4 million. Its token now has a fully diluted valuation of $107 million and is down more than 99% from its peak.
Wanchain Cardano bridge suffers suspected exploit
Wanchain’s Cardano cross-chain bridge appears to have been attacked, with about 515 million NIGHT moved out of the bridge vault. A preliminary investigation said the issue may stem from the TreasuryCheck validator using a non-injective signature message encoding method. The mechanism concatenated 14 variable-length fields directly to build a signature message, which could allow different field combinations to produce the same byte string and open the door to signature replay.
Following the incident, NIGHT briefly fell to about $0.0158, down more than 30% over 24 hours. The transferred tokens were worth about $9 million.
Midnight Foundation said exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have taken action. Those measures include freezing related accounts and addresses, blacklisting wallets linked to the attacker, and suspending NIGHT deposits and withdrawals where needed to limit the movement and liquidation of the stolen assets. The foundation added that the incident only involved the third-party Wanchain bridge and did not affect Midnight Network, its core infrastructure, or NIGHT itself.
Stripe in talks to buy OpenRouter
Stripe is in advanced discussions to acquire AI model aggregation platform OpenRouter in a deal that could value the company at as much as $10 billion, though the transaction has not been finalized. OpenRouter was co-founded in 2023 with participation from OpenSea co-founder Alex Atallah. Its valuation in a funding round this May was about $1.3 billion.
Odos to shut down all services on July 30
DEX aggregator Odos said its operating company will cease operations. The application will switch to read-only mode on July 27 and all services will be permanently shut down on July 30.
Users can still swap assets and close positions for now. From July 27 to July 30, they will be able to view transaction history and balances. Odos said it is a non-custodial protocol, so user assets remain onchain. Users who created wallets through social accounts or email login need to move assets or export keys before July 30. The company also said the ODOS token will continue to exist independently onchain and that the shutdown will not change its onchain mechanics.
Uniswap rolls out the v4 Permissioned Pools standard
Uniswap Labs introduced Permissioned Pools, a new Hook standard built on v4. The design is meant to give automated market makers infrastructure for trading permissioned assets with compliance rules enforced onchain.
Initial partners include Superstate, Securitize, and Dowgo, which integrates the ERC-3643 standard. The model allows asset issuers to manage whitelists at the protocol layer instead of relying on front ends or offchain processes. Wallet permissions are checked whenever a trade is made or liquidity is added. Uniswap said the structure also uses the v4 flash accounting system to keep the underlying permissioned assets safely held, opening a route for tokenized funds, securities, and stocks to connect with DeFi.
LayerZero partners with Keeta
LayerZero and payments infrastructure project Keeta said they are working together to support cross-chain movement of tokenized funds backed by commercial bank deposits across Ethereum, Solana, Base, and Keeta Network. The system is aimed at institutional treasury management and payment settlement.
Its reserves are commercial bank deposits held by Bivo, a licensed U.S. fintech platform. Later this month, the project plans to launch Keeta Stablecoins in nine fiat versions: the U.S. dollar, euro, yen, yuan, pound sterling, Canadian dollar, Mexican peso, UAE dirham, and Hong Kong dollar.
PumpFun developer offers up to $1 million base salary for growth lead
Baton Corporation, the company behind PumpFun, is hiring a head of growth marketing as it looks to move PumpFun from a crypto product toward a mainstream consumer application.
The role calls for experience promoting consumer apps through digital advertising, UGC, and content clipping strategies, along with managing multi-million-dollar marketing budgets and building teams. The base salary ranges from $400,000 to $1 million, with additional incentives. The position is full-time and in-house only, with no agency arrangement.
Jito launches self-custodial Solana trading platform JTX
Jito Labs has launched JTX, a self-custodial trading platform on Solana. The first set of supported spot assets includes cbBTC, SOL, HYPE, meme coins, tokenized stocks, and ETFs. The platform also offers limit orders, automated execution, and conditional orders.
JTX will direct 80% of trading fee revenue to Jito DAO for JTO buybacks and burns. The remaining 20% will go to referrers. The team said perpetual futures, prediction markets, and a native mobile app are planned next.