THE BLOCK: Robinhood CEO Vlad Tenev said the Robinhood Chain is being developed to be "the best chain for RWA" and great for memes.
The Arbitrum-based Layer 2 went live on public mainnet earlier this month.
THE BLOCK: US spot bitcoin ETFs logged $21.4 million in net inflows on Tuesday, marking the third consecutive day of fund intake.
Spot Solana ETFs and Hyperliquid ETFs also saw inflows yesterday.
THE BLOCK: A federal judge denied Kalshi's motion to stop New York from enforcing its laws against the platform.
"Major, major loss for Kalshi in the financial capital of the US, with likely knock-on effects in other cases," sports law attorney Daniel Wallach said.
THE BLOCK: Russia's Financial Market Committee has approved the crypto regulation bill for second reading.
Key points:
- Offers unconditional court protection for crypto ownership
- No longer requires traders to declare foreign wallet addresses
- Russian brokers may be allowed
THE BLOCK: Summerfi says the $6M exploit came from manipulating the NAV/share price of two USDC vaults — not from hacked keys. The attacker prepped for at least 3 months.
The Lazy Summer DAO will now discuss next steps, including user compensation.
THE BLOCK: Kraken parent company Payward wins a $22 million arbitration award against auditor Mazars for abruptly withdrawing from its nearly complete 2022 audit without any findings of fraud or issues during Operation Choke Point 2.0.
THE BLOCK: The CFTC charged a North Carolina man and his company for operating a bogus commodity pool that traded crypto and other assets.
The agency said he raised over $14 million from about 60 investors using false performance updates.
THE BLOCK: Jack Mallers' Strike launches protected, bitcoin-backed loans that allow users to avoid liquidation.
Regardless of how far bitcoin's price drops, collateral remains "untouched" as long as payments are kept current, the firm says.
THE BLOCK: Zcash founder Zooko Wilcox said Project Tachyon is close to mathematically proving there are no counterfeiting bugs in Zcash's latest shielded pools.
$ZEC is up nearly 13% on the day following the update.
THE BLOCK: Institutional crypto exchange EDX Markets has raised $76M in a Series C funding round led by SBI Holdings. The company did not disclose whether other investors participated.
This is the first time EDX has disclosed the size of one of its funding rounds. Previous
THE BLOCK: The Polymarket 2026 World Cup Markets have crossed $4B in cumulative volume — officially surpassing the 2024 U.S. Presidential Election Winner market (~$3.69B) to become the highest-volume single market in Polymarket’s history
And there’s still two weeks left to play
THE BLOCK: Ondo Finance says pre-alpha users can use tokenized stocks as collateral for perpetual futures trading.
The service will be available 24/7 to traders outside the U.S., Panama, and other prohibited jurisdictions.
THE BLOCK: The SEC has three crypto items on its proposed rules docket for its 2026 regulatory agenda, including new proposals to amend exchange and broker-dealer rules to address digital assets.
"...we are embracing innovation to bring more products onshore, creating clear
