Robinhood launched its Layer-2 chain Robinhood Chain on mainnet, introducing tokenized stocks, on-chain lending, AI trading, and accelerating global expansion. The stock rose 8.35% to $108.6. Leading protocols like Uniswap and Morpho integrated, but dYdX's new DEX Arcus chose Robinhood Chain over dYdX Chain, sparking concerns over resource diversion and DYDX token dilution. DYDX dropped 40.7% intraday.

Robinhood launched its Layer2 chain, Robinhood Chain, built on Arbitrum Orbit, on July 2, alongside a suite of on-chain products including tokenized stocks, on-chain lending, and AI trading. The news boosted Robinhood's stock by 8.35% to $108.6. Leading protocols such as Uniswap, Morpho, Chainlink, and Ethena announced integration. However, dYdX's new DEX Arcus, deployed on Robinhood Chain rather than dYdX Chain, sparked controversy over resource allocation and token dilution, causing DYDX to plummet 40.7%.

Robinhood launched its L2 chain Robinhood Chain on July 2, 2026, built on Arbitrum Orbit, alongside tokenized stocks, on-chain lending, AI trading, and global expansion. The company's stock surged 8.35% to $108.6. Major protocols like Uniswap, Morpho, and Chainlink quickly integrated. However, dYdX's decision to launch a new DEX called Arcus on Robinhood Chain instead of dYdX Chain sparked fierce community opposition, with DYDX token dropping over 40% intraday. This article analyzes the strategic moves, market impact, and the controversy surrounding dYdX's pivot.

dYdX Trading Inc. has partnered with Robinhood to launch Arcus, a new decentralized exchange built on Robinhood Chain. Arcus enables 24/7 trading of stock tokens, perpetual contracts, and major cryptocurrencies. It operates independently from dYdX Chain. All dYdX Chain functions (trading, deposits, withdrawals, staking, governance) remain unaffected; DYDX token staking rewards continue in USDC, and community treasuries stay fully controlled by DYDX holders via governance.

Fed's Hammack signals potential rate hike due to persistent inflation and near-full employment; SEC launches public consultation on 'new-type ETF' rules under Chair Atkins, who has already approved SOL and DOGE ETFs. Trump's financial disclosure reveals over $100M in BTC/ETH holdings and $1.4B income in 2025, with $500M from World Liberty Financial and $635M from TRUMP memecoin. Multiple institutions including Visa, BlackRock, and Coinbase plan to issue OUSD stablecoin. Pump.fun discontinues tokenized agent launches; MetaMask launches Money Account with 4% APY. Peter Schiff warns of Bitcoin correction risk; Jefferies flags political uncertainty around CLARITY Act that could trigger market volatility.

Federal Reserve official Harker suggested a potential rate hike as inflation remains high; the SEC launched a consultation on new ETF rules; Trump disclosed over $100 million in BTC and ETH with 2025 income exceeding $1.4 billion; Visa, Stripe, Mastercard, BlackRock, and Coinbase are reportedly planning a joint stablecoin OUSD; Jefferies warned that the CLARITY Act's legislative uncertainty could increase crypto market volatility; Massachusetts filed an amended complaint against Kalshi for serving under-21 users; Hyperliquid Strategies was added to the Russell 3000/2000; Etched raised $800 million; Peter Schiff questioned the probability of Bitcoin retesting $20,000 while Jiang Zhuor warned of a big move. This article reviews the day's top stories.

The Federal Reserve's Hammack suggests rate hikes may be needed; SEC launches ETF rule review; Trump discloses over $100M in BTC and ETH and over $1.4B in income. Market dynamics: CEX hot coins show mixed performance with BASED, AI leading; Visa, Stripe et al. plan stablecoin OUSD; Hyperliquid Strategies added to Russell indices; Pump.fun ends Tokenized Agent; MetaMask launches Money Account; AI chip startup Etched raises $800M. Regulatory: Massachusetts amended lawsuit against Kalshi; Jefferies warns CLARITY Act uncertainty. Market views: Peter Schiff questions Bitcoin optimism; Jiang Zhuocr expects a big move; OKX launches OKX.AI.

dYdX 官方 X 账号连续发布倒计时推文，目前进入最后 1 天，预计明日公布重大消息。受此利好预期推动，DYDX 短时触及 0.23 美元，24 小时涨幅达 45.02%。