News linked to both this project and an event.
Odaily News - After Coinbase's Q2 results fell short of market expectations, the stock briefly dropped to a roughly two-and-a-half-year low on Friday morning before paring losses to around $150. Over the past year, the stock is still down approximately 57%.Wall Street generally believes Coinbase underperformed this quarter, but opinions differ on the cause: some analysts attribute it mainly to a weak crypto market environment, while others have begun to question whether the company's growth strategy beyond its trading business can deliver.JPMorgan stated that Coinbase's results reflect a "challenging crypto environment," with new products contributing limited value to the income statement. The bank lowered its December 2026 price target for Coinbase from $196 to $148, while maintaining an "Overweight" rating. JPMorgan believes the company faces pressure across multiple business lines, with weak trading volumes dragging down transaction revenue and subscription and services revenue also under strain.Bernstein, on the other hand, believes Coinbase's long-term strategy remains attractive, but investors want to see more compelling execution, particularly in new business areas such as prediction markets and tokenized stocks.Mizuho warned that Robinhood is emerging as the mainstream alternative for retail crypto trading. Overall, Coinbase is still viewed as an important representative of U.S. crypto compliance infrastructure, but its valuation recovery increasingly depends on proving it is more than just a crypto exchange reliant on trading cycles.
On-chain analysis platform Bubblemaps stated that PIPEDOG's trading activity has surged rapidly in recent days, with trading volume once exceeding the popular meme coin $CASHCAT in the Robinhood ecosystem, and briefly surpassing it in market cap.
Odaily News Trader 0xSun stated on social media that during Robinhood's earnings call, the only token appearing in a fleeting search bar was CASHCAT. Additionally, Robinhood CEO Vlad, when discussing the Robinhood Chain, mentioned that the chain will be built around RWA, adding that he also likes Meme coins.As a result, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal trajectory for a public chain resembles the Base ecosystem in late 2024, initially driven by factors such as founder influence and team background, and later ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain could benefit from expectations of potential exchange listings.Furthermore, 0xSun noted that the Meme coin PIPEDOG on the Robinhood chain saw its market cap quickly surge past $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the initial contract. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million.Previously active HOODRAT also once approached zero due to the overall downturn of the Robinhood chain but recently received attention from Matt, the original artist of the Pepe comic, causing its market cap to rebound from a low of $500,000 to $5 million.Beyond Meme coins, 0xSun indicated that STONKBROKER is currently one of the better projects within the Robinhood ecosystem that combines NFT, RWA, and game mechanics, making it worthy of continued attention.
Approximately one month after its launch, Robinhood Chain has surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; in terms of tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, while BNB Chain ranks third with 214,000. However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market. Additionally, Meme coin hype cooled off towards the end of the month, with the chain's DEX daily trading volume falling from a peak of $900 million to around $500 million. To date, Robinhood Chain has generated cumulative revenue of approximately $3 million. On the stock front, institutional analysts from Bernstein, Goldman Sachs, and others maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside potential from the current price of $92.7.
According to Cointelegraph, Robinhood is negotiating with crypto trading platform Crypto.com to expand its prediction market business, planning to integrate yes/no event contract products provided by Crypto.com. People familiar with the matter stated that both parties are still in the discussion phase, and specific cooperation arrangements have not yet been finalized. Robinhood launched prediction market services in March 2025, initially offering related products through Kalshi to comply with regulatory requirements of the U.S. Commodity Futures Trading Commission (CFTC), and subsequently integrated ForecastEx and Rotella. Bernstein analysts recently raised the price target from $130 to $160 due to optimism regarding Robinhood's development in the prediction market and tokenized stock sectors, and predicted that prediction market business revenue could reach $1.7 billion in 2028. However, the U.S. prediction market industry currently still faces legal disputes between state and federal regulators.
Odaily News On-chain analyst Tom Wan stated on platform X that Robinhood CEO Vlad Tenev's earlier proposal regarding the "synergistic effect between Meme coins and RWA" is gradually becoming a reality. Currently, launchpads such as LONG() and Bankr have begun issuing new tokens that are directly paired with Robinhood stock tokens for trading. Over 50% of stock token trading volume now comes from Meme coin trading pairs, with the AI token from LONG() contributing the largest volume. Most of these Meme pairs are linked to Nvidia and SPCX, making these two tokens the fastest-growing stock tokens. Nvidia's market cap has approached $5 million, and the total value of tokenized stocks is nearing $20 million.
Odaily Odaily News Bernstein analyst Gautam Chhugani stated in a report on Robinhood that the platform's prediction market revenue could surpass its cryptocurrency trading revenue as early as the second quarter of this year. It is expected that by 2028, Robinhood's prediction market business will generate nearly $2 billion in annual revenue.Additionally, Bernstein has raised its price target for HOOD from $130 to $160.
Goldman Sachs analyst James Yaro has released an analysis report on Robinhood (HOOD), maintaining a "Buy" rating and raising the price target from $121 to $137.
Analysts pointed out that Robinhood Chain has indeed achieved real new user acquisition, but this batch of users currently remains at the level of Memecoin speculation. Whether they can be converted into genuine DeFi users remains to be verified by tracking data after 30 to 60 days.
on-chain analyst Tom Wan stated on platform X that on July 14, the Meme launch platform Flap on the Robinhood Chain added approximately 22,000 new tokens, surpassing the previous record of about 18,000 tokens issued in a single day set by NOXA.
Michael, Chief Business Officer of Token Pocket, stated on platform X that Robinhood founder's seed phrase was leaked during a live stream. After gaining control of the address, the hacker used it and associated addresses to heavily purchase the Meme token $1, prompting thousands of investors to follow suit. In a short time, the token's market cap quickly surged from approximately $500,000 to $14 million.Subsequently, the price of the $1 token dropped sharply, with two-hour trading volume reaching around $20 million. After the address was frozen, the hacker quickly moved to the BNB Chain, using the address and its associated addresses to issue a new token. They created trading activity through tactics like wash trading, ultimately dumping the tokens for profit.Currently, Robinhood's RPC has frozen the address, and the node does not allow transactions originating from this address to be packaged, making transfers, purchases, or sales impossible.
according to DeFiLlama data, since its launch, Robinhood Chain has attracted over $290 million in stablecoin inflows, with a TVL of $134 million, an RWA scale reaching $12 million, and cumulative DEX trading volume exceeding $4 billion.
Odaily reports: According to on-chain analyst Ai Yi's monitoring, a certain address purchased CASHCAT worth $1,190 at $0.00664 on the Robinhood Chain 6 days ago, and sold all of it at $0.17585 8 hours ago, ultimately making a profit of $14,400, with a return rate of 1211.4%.
on-chain analyst Ai Yi posted on Platform X, stating that Memecoins are becoming the primary traffic gateway for Robinhood Chain. CASHCAT reached a market cap of $100 million within five hours, and Robinhood CEO @vladtenev participated in related discussions. Robinhood Chain saw over 10,000 new tokens launched in a single day, with DEX trading volume exceeding $560 million. Robinhood Chain is an L2 network. Users can add the network via wallets such as OKX, Binance, and MetaMask, with Chain ID 4663. The official Robinhood Wallet is available on iOS and Android mobile apps and features cross-chain functionality. Cross-chain methods on Robinhood Chain include the official cross-chain bridge, Robinhood Wallet, and third-party aggregators like Relay, Stargate, and Across. Withdrawals via the official cross-chain bridge have a 7-day waiting period. DEXs on the Robinhood Chain ecosystem include Uniswap and NOXA Fun. Meme tracking tools include DEXScreener and GMGN.
Odaily News Trader 0xSun stated that they have purchased ANSEM and NEST at market capitalizations of approximately $280 million and $6 million, respectively, to participate in the fluctuations of this on-chain cycle.They believe that the on-chain cycle, driven by blknoiz06, has been very active, with strong Meme coins emerging on Solana, BNB Chain, and Robinhood Chain. However, the overall rotation pace is extremely fast. Except for ANSEM, which has been rising for over a week, most other chain leaders peaked overnight.0xSun stated that ANSEM has retraced over 40% from its high. Given Ansem's continued commentary and the fact that approximately 60% of the supply has not yet circulated, the probability of a rebound is relatively high. NEST, on the other hand, is a higher-risk, higher-beta target, and its short-term performance remains primarily driven by market sentiment. They also believe that for small-capital investors, the crypto market is still a more suitable arena for turning small investments into larger gains.
According to on-chain analyst Onchain Lens (@OnchainLens), the stablecoin market cap on Robinhood Chain has grown 155% over the past 7 days, reaching $246.97 million. Currently, stablecoins account for 93% of the chain's $266.35 million Total Value Locked (TVL), with the total TVL increasing 172% over the same period. Of the currently locked assets, approximately $212.50 million are natively minted assets, while another $53.85 million are assets bridged in over the past week.
Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated on platform X that the total market cap of stablecoins on the Robinhood Chain has surpassed $200 million. He noted that a key factor driving this growth is Ethena. Data shows that Ethena currently holds $50 million USDG on Robinhood Chain, along with another $50 million USDG in the Ethena × Steakhouse USDG treasury, totaling nearly $100 million in assets under management, which accounts for approximately 50% of the total USDG supply on the Robinhood Chain.
Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated on platform X that the Robinhood Earn vault, managed by Steakhouse Financial on Morpho, has currently reached a TVL of $16 million with an APY of 7.1%. Of this, 1.7% comes from protocol revenue, and 5.4% comes from incentive subsidies.Tom Wan noted that Robinhood allocates an annual incentive budget of $115 million in USDG to this vault. Based on the current incentive rate of approximately 5%, this could theoretically support a deposit scale of around $2 billion, corresponding to a TVL potential of between $1.5 billion and $2.5 billion.
According to The Block, Standard Chartered Bank analyst Geoffrey Kendrick stated that the market is "severely" underestimating the potential for collaborations between Uniswap and high-quality DeFi protocols such as Robinhood, and expects more similar collaborations to materialize within the next few quarters, particularly those centered around Uniswap.
Cathie Wood's Ark Invest again "bought the dip" by purchasing 52,455 shares of Circle ($3.28 million) as Circle stock plunged 17.6% yesterday. Additionally, Ark Invest also bought 133,803 shares of Bullish ($3.13 million), 16,081 shares of Coinbase ($2.35 million), and 16,028 shares of Robinhood ($1.6 million).