Arcus Launches Tokenized Stocks on Robinhood Chain

A decentralized exchange (DEX) backed by Robinhood is expanding into tokenized stocks and derivatives as platforms compete to build onchain markets for traditional assets.  Arcus, a DEX built by the team behind decentralized trading platform dYdX and backed by Robinhood Crypto, launched tokenized stocks and perpetual futures on Robinhood Chain on Tuesday, according to an announcement shared with Cointelegraph.  The company previously launched spot markets when Robinhood Chain went live on July 1. Arcus offers more than 95 stock tokens, perpetual markets and crypto assets through a self-custodial trading account, with Paxos-issued stablecoin USDG serving as its primary collateral and settlement asset.  The launch comes as crypto companies and financial platforms increasingly compete to build infrastructure for tokenized real-world assets (RWAs), while regulatory questions around access and product structure remain a key challenge for the sector.  Related: Bernstein raises Robinhood price target, cites tokenization and prediction markets  Self-custody shapes approach to onchain trading  Arcuss launch includes tokenized versions of stock in major US companies such as Nvidia, Tesla, Apple, Microsoft, Meta, Google and Amazon, as well as perpetual markets tied to equities, exchange-traded funds, commodities, indexes and crypto assets.  The platform uses a self-custodial model, allowing users to retain control of their assets rather than deposit them

07-21انڈسٹری

SpaceX Stock Jumps 6% to Snap Seven-Day Losing Streak, but Remains 43% Below Record High

Key highlights:SPCX rose approximately 6% to $127 on Tuesday after closing below $120 on MondayThe rebound ended a seven-day losing streak, but the stock remains sharply lower than its post-IPO peakInvestors are watching a Starship test flight scheduled for July 23 and SpaceXs first public earnings report  SpaceX stock rebounded on Tuesday, July 21, snapping a seven-session losing streak that had pushed the shares to their lowest level since the company went public.  SPCX was trading at approximately $127 at the time of writing, up 6% on the day. The recovery followed a Monday close of $119.85, which marked a new record low for the publicly traded shares.  Tuesday‘s move provides some relief for shareholders, but it has not erased the stock’s substantial recent losses. SPCX remains approximately 43% below its $225.64 all-time high and about 6% below its initial public offering price.  SpaceX stock rebounds after seven consecutive declines  Before Tuesdays recovery, the Elon Musk-linked stock had declined for seven consecutive trading sessions and traded lower in 10 of the previous 11 sessions.  SpaceX made headlines in June when it completed its IPO. Shares were priced at $135 and opened at $150 during their first trading session before climbing as high as $225.64.  The stock subsequently

07-21انڈسٹری

MoneyGram‘s CEO says blockchain works best when customers don’t know its there

In attempting to modernize and better meet its customers‘ needs, MoneyGram has partnered with the Stellar network, which has underpinned many of the company’s blockchain initiatives over the past five years. But the company has also started exploring other ecosystems: while Stellar remains a core partner, MoneyGram has also become a validator on Solana and Tempo. For MoneyGram, the immediate payoff isn‘t speculative crypto activity, it’s replacing legacy financial rails.  Todays cross-border settlement still largely depends on banking hours and weekday processing. Blockchain-based infrastructure, Soohoo argued, enables real-time settlement around the clock, reducing operational costs while improving the customer experience.  “We believe if we do it right, we can achieve all three,” he said, referring to helping customers save time, effort and money. Instant settlement also allows MoneyGram to lower back-office costs, savings the company hopes to eventually pass on through lower prices. Currently, MoneyGrams fees start at $1.89 and vary depending on what country you send them to.  Soohoo doesn‘t believe consumers need to understand the technology powering those improvements. He compared blockchain to the processors inside Apple’s iPhone.  “I can‘t tell you what processor is inside my iPhone,” he said. “I just know it’s faster.” In the same way, he argued, remittance

07-21انڈسٹری

515 Million NIGHT Exploit Update: 7 Major Exchanges Lock Down Stolen Funds for Cardanos Privacy Network

The Midnight Foundation has released an official update on the response to the attack on Wanchains Cardano-BNB cross-chain bridge. The developers quickly brought partner exchanges into the investigation: Binance, OKX, Kraken, KuCoin, Bybit, Gate, and MEXC introduced emergency measures to completely block the movement of the stolen funds.  The coordinated response from the platforms prevented the liquidation of 515 million NIGHT tokens, worth approximately $9 million, stolen from the treasury of a third-party smart contract.  Following the incident, NIGHT temporarily plunged by more than 30% on decentralized exchanges, reaching an all-time low of $0.016.  Bitcoin Quantum Discount Deepens to 30%; XRP Exits ‘Fear Buy’ Zone on MVRV Chart; New Shiba Inu (SHIB) Whale Flees Coinbase With $2.76 Million Fortune – Morning Crypto Report  Ripple Veteran on Selling XRP: ‘I Wish I Hadn’t  How exchanges trapped a hacker after a $9 million Cardano bridge code exploit  The main purpose of the Midnight Foundation‘s statement was to confirm that the stolen millions had been isolated within centralized systems. At the foundation’s request, the exchanges immediately blacklisted the attackers wallets, temporarily froze associated accounts, and suspended NIGHT deposits and withdrawals.  This prevented the hacker from laundering most of the stolen funds. However, the attacker managed to sell approximately 290 million

07-21انڈسٹری

Wanchain Bridge Breach Sends Midnight Token to All-Time Low

Midnight (NIGHT) token slid to a record low of $0.01524 after an attacker drained roughly 515 million tokens from Wanchains Cardano (ADA) bridge.  The stolen tokens reportedly represented about 97% of the bridges NIGHT reserves. Wanchain has since suspended the bridge while it investigates the breach.  Inside the Wanchain Bridge Drain  According to analyst Paul, the attacker emptied Wanchains Cardano-side lock address between 14:46 and 14:55 UTC. That address holds the custody backing Wanchain-wrapped NIGHT on BNB Chain.  Only NIGHT left the contract. Other bridged assets stayed untouched, according to the on-chain analyst. Reserves fell from about 527 million NIGHT to near 12 million. The move stripped roughly 97% of the bridges holdings.  “This is a bridge-layer incident, token supply is unchanged. The wrapped NIGHT on BNB is now largely unbacked though,” the post read.  Follow us on X to get the latest news as it happens  Token Dumped as Midnight Distances Itself  The attacker routed funds through newly created wallets and sold them on Cardano-based exchanges. About 290 million NIGHT hit decentralized exchanges (DEXs), pushing prices down.  The impact was clearly visible. At press time, NIGHT traded around $0.019, down about 27% on the day.  Midnight (NIGHT) Token Price Performance. Source: BeInCrypto Markets  Meanwhile, the Midnight Foundation said the incident

07-21انڈسٹری

Binance Revamps VIP Program With Lower Wallet Thresholds And OTC Integration

Binance is bending its own rules for VIPs. The exchange quietly lowered the wallet asset balance needed to qualify for VIP 3 status and introduced over-the-counter spot trading volume as part of its eligibility criteria, according to the official announcement. The tweaks mark the second time in recent months the firm has recalibrated its top-tier client program, signaling that retention and recruitment of whales is now top of mind.  VIP 3 sits at a sweet spot in Binances tiered structure—it unlocks meaningful fee discounts and dedicated account management without requiring the extreme volumes of VIP 8 or 9. By lowering the bar, Binance effectively opens the program to a larger cohort of professional traders and mid-sized funds that might otherwise drift toward competing platforms like OKX or Bybit, where fee structures and institutional perks have been narrowing the gap.  Why the timing matters  The move lands as institutional capital pours into crypto markets at an accelerating clip, not just through spot but also via tokenized real-world assets. Last week, on-chain RWAs crossed $20 billion for the first time, and Bullish acquired Equiniti for $4.2 billion, underscoring the scale of capital now engaging with crypto infrastructure. Exchanges that can capture this flow through tailored

07-21انڈسٹری

'Take on Crypto': Socialist Sanders Rallies Against Tech Billionaires

Independent Sen. Bernie Sanders has renewed his criticism of the cryptocurrency industry.  During his appearance at a campaign event in Minneapolis supporting Minnesota Lt. Gov. Peggy Flanagan’s Senate bid, Sanders said they would challenge powerful industries.  “Together, we are going to take on crypto, the AI industry, AIPAC and other billionaire super PACs and send Peggy to the United States Senate,” Sanders wrote on X.  Crypto rewards platform  Sanders’s long-running criticism of crypto  Sanders, the most prominent Democratic socialist in the US, has generally taken a negative view of cryptocurrencies.  During debates over crypto legislation in Congress, Sanders has warned that digital assets would benefit wealthy insiders while creating risks for ordinary investors.  In 2025, he criticized the Republican-backed stablecoin-focused GENIUS Act, which passed last year.  Sanders’ comments echo recent statements from fellow progressive Democrat Elizabeth Warren, the leader of the so-called “anti-crypto army” in Congress. In her recent social media post, she also criticized the role of cryptocurrency money in politics.  Warren has argued that “dark money groups” were spending millions to influence elections while listing crypto and AI among the major sources of outside political spending.  Crypto rewards platform  The influential progressive politician has repeatedly taken aim at the cryptocurrency industry’s lobbying power. She has criticized what she calls

07-21انڈسٹری

Base, Coinbase near 1:1 tokenized stocks as Robinhood leads

Base founder Jesse Pollak said the Ethereum layer-2 network is working with Coinbase on a tokenized equities product backed 1:1 by underlying shares.  SummaryBase and Coinbase now near 1:1-backed tokenized stocks designed to represent actual underlying equity ownership.Jesse Pollak says Robinhood Chain moved faster by placing tokenized equities directly in EVM markets.Coinbases planned model differs from Robinhood derivatives by backing each tokenized stock with real shares.  He also acknowledged that Robinhood Chain moved faster in bringing stock-linked assets into an EVM environment.  In a July 21 post on X, Pollak said Robinhood Chain had taken the “right” approach by putting tokenized equities on EVM-compatible infrastructure. He added, “we‘ve been behind on this on Base and I’m frustrated thats the case,” before saying Base was “close to fixing it with Coinbase.” Pollak did not provide a launch date, supported stock list or legal structure for the planned Base product.  You might also like:  Ripple veteran regrets selling XRP at $0.10 and Ethereum near $1  Pollak said the planned model would use equities backed 1:1 by underlying shares, contrasting it with Robinhoods stock-token structure. Coinbase announced in June that its planned tokenized stocks for non-U.S. customers would represent equity ownership and include dividend payments and shareholder rights. The

07-21

Ripple veteran regrets selling XRP at $0.10 and Ethereum near $1

Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early XRP and Ethereum holdings, while explaining that risk management drove the decisions rather than a loss of confidence in cryptocurrency.  SummaryDavid Schwartz says risk aversion drove early XRP and Ethereum sales despite later price gains.Schwartz followed a family agreement to sell at new highs, reducing long-term crypto exposure substantially.The XRP Ledger co-creator once held about 26 million XRP before steadily cutting holdings down.  Schwartz addressed the sales in a July 20 post on X after another user raised his history of selling XRP at $0.10 and Ethereum near $1. “Obviously, I wish I hadnt done those things,” he said.  However, he added that he had agreed with his wife to reduce exposure whenever his holdings reached new highs because he strongly disliked financial risk.  Obviously, I wish I hadnt done those things. But I agreed with my wife to sell at every new ATH and I really, really hate risk. I wish I was more comfortable with risk, but Im just not that person.  You might also like:  London Stock Exchange eyes overnight trading as crypto runs 24/7  Risk aversion drove Schwartzs early crypto sales  Schwartz has discussed his early exits several times

07-21انڈسٹری

Russia Passes Landmark Crypto Law For Sanctioned Trade

Russias State Duma passed a law on Tuesday that regulates the circulation of crypto and digital rights for the first time, a framework that sets rules for crypto exchanges, digital depositories, and investors while it opens a state-supervised channel for cross-border trade.  Lawmakers cleared bill No. 1194918-8, “On Digital Currency and Digital Rights,” in its second and third readings, the final stage in the chamber, according to semi-official Russian news agency Tass.  The measure heads to the Federation Council and to President Vladimir Putin for a signature, a process expected to take two more weeks before the law takes effect. It caps a sweeping regulatory push that has moved through parliament across the year.  Legalization or taxation?  The law does not turn bitcoin into money a Russian can spend at the store. The ruble stays the sole lawful currency for goods and services inside Russia, the ban on crypto payments holds, and a bar on advertising that promotes such use holds with it.  What the law does is grant crypto a legal identity and a set of gates. It recognizes digital assets as property, licenses the firms that handle them, lets investors buy within set limits, and clears crypto for use in foreign trade.  In plain

07-21انڈسٹری
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