Metaplanet has added 2,823 Bitcoin to its treasury, raising its total holdings to 43,000 BTC while second-quarter revenue from its Bitcoin income business fell.

According to Metaplanet’s July 2 disclosure, the Tokyo-listed company purchased 2,823 BTC at an average price of 12.7 million yen per coin, lifting its total Bitcoin balance to 43,000 BTC. The company said its overall average purchase price now stands at 15.3 million yen per Bitcoin.

Bitcoin is flashing an important technical “trend change” setup on the monthly chart, with analysts pointing to a newly completed TD9 downtrend pattern as the clearest bearish-to-neutral inflection cue in years. The timing matters because many traders are watching for signs that the 2026 macro downcycle may be moving toward its final phase rather than extending indefinitely.

Separately, momentum measures are increasingly focused on relative strength index (RSI) divergences across multiple time frames—an approach commonly used to gauge whether downside pressure is losing control. While neither development guarantees a bottom, the combination is giving market participants a more structured reason to watch for bullish rotation if key closes hold.

Key takeaways

• Analyst Tony Severino says Bitcoin has “perfected” a TD9 buy setup on the monthly chart, with the last similar downtrend TD9 signal dated to July 2022.
• TD9 patterns are derived from the Tom DeMark Sequential framework and are used to flag potential trend changes when specific candle-count conditions are met.
• A completed TD9 setup is not, by itself, a guaranteed bottom—analysts stress it must be confirmed by where the month closes.
• Traders are also citing bullish RSI divergences across multiple time frames as evidence that trend change may be approaching.

TD9 “perfected” on the monthly chart: what it means

In a Tuesday post on X, analyst Tony Severino flagged a “perfected” buy signal on the TD9 indicator for Bitcoin on the monthly timeframe. He cited TradingView chart data and described the setup as the first of its kind on monthly charts in several years.

TD9 is a derivative of the Tom DeMark Sequential market timing indicator. In simplified terms, it looks for a sequence of nine candles meeting a specific relationship to a reference point from four candles earlier: in an uptrend, nine candles close higher than the close from four candles prior; in a downtrend, they close lower than that same reference. When the conditions are fully satisfied—rather than merely forming partway through—the setup is referred to as “perfected.”

Severino’s observation is that this monthly TD9 downtrend setup has now “perfected,” which would typically be interpreted as an early warning that bearish momentum may be reaching a transition point. Importantly, the analyst also frames the signal as a shift in timing rather than an immediate buy directive.

As he notes, the most recent monthly TD9 downtrend signal occurred in July 2022. In that earlier stretch, BTC/USD required additional months to work through the bear-market bottom—suggesting that even a completed TD9 does not necessarily mean selling pressure ends immediately.

Why “perfected” matters more than the label

One of the key practical details in the discussion is the difference between a setup forming versus a setup being confirmed. A TD9 completion is typically judged by how candles close on the timeframe in question. In the current case, participants are watching the monthly close because a non-confirming close can invalidate the “perfected” status.

That perspective aligns with comments from Proof of Pain podcast host Tony Carrera, who cautioned that a TD9 completion is “not a buy signal by itself,” but still something traders should pay attention to if the setup holds into the close. Carrera’s point effectively reframes TD9 from a single-action trigger into a higher-timeframe checklist item: evidence of exhaustion and transition risk rather than a standalone entry plan.

For investors and traders, this distinction is crucial. Monthly indicators tend to move slowly, and misreading them as imminent reversal calls can lead to premature positioning. But when monthly conditions change, even if the final bottom is months away, it can improve the probability math behind risk-managed strategies—especially those focused on capital preservation during bear phases.

RSI divergences build: traders look for trend-change confirmation

Beyond TD9, attention has also intensified around RSI divergences, a widely used technical concept where price makes a lower low while RSI forms a higher low (or shows other forms of divergence). This is often interpreted as bearish momentum weakening even if price has not yet rebounded meaningfully.

Earlier coverage from Cointelegraph highlighted that market participants still expect additional macro lows before the bear market truly reverses, with different forecasts circulating for where those lows could occur. The same broader reporting also pointed to RSI-related “signals” and how much of the current bear-market cycle may have already played out, including the idea that the downturn could be nearing its later stages.

In the current wave of commentary, Scott Melker—trader, analyst, and podcast host—told followers on X that he hasn’t seen the same level of confirmed and potential bullish divergence with oversold RSI across multiple time frames “ever,” describing the setup as offering “good odds.”

While “good odds” is not the same as certainty, the emphasis on multiple time frames matters. When divergences appear simultaneously on daily, four-hour, weekly, or other layered charts, it typically suggests that sellers are not just pausing—they may be losing incremental momentum across horizons. That can be the kind of condition traders look for right before a range breakout or a more sustained recovery attempt.

What to watch next: confirmation beats prediction

For now, the central question is whether Bitcoin can hold the monthly TD9 completion into the close and whether RSI divergence keeps strengthening rather than reversing. If both trends persist, the technical picture would support the idea that the macro downtrend is shifting toward a transition—but traders should still expect volatility and avoid treating “perfected” patterns as instant proof of a bottom.

Robinhood is pushing deeper into tokenized markets and perpetual trading, partnering with the team behind the dYdX decentralized exchange to relaunch the protocol as Arcus on Robinhood Chain. The move links a retail-focused trading brand with on-chain derivatives infrastructure, aiming to bring around-the-clock access to US equity exposure and perpetual products.

According to posts from Arcus on X, dYdX is now Arcus and the protocol will launch on Robinhood’s Arbitrum-based layer 2 network, which went live the same day. The dYdX Foundation said the dYdX blockchain itself is not affected, adding that Arcus is a separate offering built through infrastructure created by dYdX Labs in partnership with Robinhood.

Key takeaways

• dYdX is rebranded into Arcus and positioned for a launch on Robinhood Chain, Robinhood’s Arbitrum-based layer 2.
• dYdX Foundation says the original dYdX blockchain remains unchanged and continues to be community-owned.
• Arcus plans tokenized stock trading and perpetuals, including the ability for tokenized stocks to be used as collateral.
• Robinhood Chain is being marketed as a venue for expanded tokenized-asset access as regulators show interest in bringing such products to market.
• Early ecosystem integration efforts are already forming, with wallet and swap-platform partners announcing support for Robinhood Chain.

Arcus launches on Robinhood Chain with tokenized stocks and perps

Arcus describes its goal as removing access barriers for traditional market participants who—according to the protocol—have historically been “shut out” of equities, commodities, and index exposure due to geography, market hours, and institutional restrictions. In a blog post titled “Arcus x Robinhood: Trade Stocks & Perpetuals 24/7”, Arcus says the protocol was built specifically to reduce those barriers.

The protocol states that it will support perpetual products and tokenized stock trading, with the initial products scheduled to go live this month. Arcus also says tokenized stocks can be used as collateral for perpetuals—an approach that, if it scales, could connect retail stock-like exposure to continuously traded derivatives.

In addition, Arcus claims it will provide access to “pre-IPO markets.” The details of which tokenized instruments qualify for that claim are not specified in the provided materials, so users will likely need to watch the protocol’s product rollout and collateral eligibility before assuming full parity with traditional pre-IPO access channels.

dYdX Foundation: dYdX blockchain remains community-owned and “not affected”

While the product is branded as Arcus, the dYdX Foundation sought to clarify that the broader ecosystem is not being rewritten around Robinhood. In its statement, the Foundation said that Arcus is a distinct, independent product built on separate infrastructure and that the dYdX blockchain is not affected in any way. It also reiterated that the dYdX blockchain would continue operating and remain community-owned.

That distinction matters for existing users and liquidity providers who associate dYdX with a specific chain and governance structure. Instead of a direct migration of the original chain, Arcus appears positioned as a parallel protocol offering—one that Robinhood’s users can reach through Robinhood Chain.

Arcus also said Robinhood’s crypto technology arm, Robinhood Crypto, made an investment in Arcus, though it did not disclose further terms or figures in the materials provided.

Robinhood’s tokenized-assets and perp push meets competitive pressure

This development arrives as tokenized assets and on-chain derivatives move from “niche” to mainstream attention. The article framing points to renewed momentum as regulators in the US have shown interest in allowing tokenized products to come to market more easily. (For context, the provided coverage references SEC-related proposals around tokenized US stocks.)

Robinhood’s interest in perpetual trading also reflects how quickly trading formats can shift user behavior in crypto markets. The provided material notes that traders have been increasingly active on the crypto perpetual futures platform Hyperliquid, whose token reportedly climbed nearly 150% so far this year, as earlier coverage highlighted a surge in open interest and market attention. Robinhood’s bet appears to be that tokenized equities plus perpetual mechanics—traded on a familiar retail rail—could draw demand beyond traditional spot-only approaches.

More broadly, the competitive dynamic is not limited to crypto exchanges. Major retail-oriented trading platforms have expanded their offerings to remain competitive, and the provided coverage points to examples such as Coinbase expanding access to thousands of stocks. It also notes Coinbase’s earlier 2023 move into building its own Ethereum layer-2, Base, which has grown significantly, according to DeFiLlama data referenced in the provided text.

Robinhood Chain now adds another front in this trend: blending a consumer brand’s market access with on-chain infrastructure built for tokenized instruments and derivatives.

Ecosystem signals: wallets, swaps and first movers on Robinhood Chain

Alongside the Arcus announcement, additional ecosystem support was highlighted. The provided materials report that Bitget Wallet partnered with Robinhood Crypto to integrate Robinhood Chain, enabling users to trade tokenized stocks. Separately, decentralized exchange aggregator 1inch said it would be among the first major swap platforms to support Robinhood Chain.

These integrations are important because they determine how quickly new assets and liquidity can become accessible to end users. Tokenized stocks and perpetuals are only as practical as the rails that let retail participants reach them—through wallets, swaps, and routing infrastructure—without unnecessary friction.

The combination of an exchange-like retail pathway (Robinhood) and DeFi-style liquidity tools (wallet integrations and aggregators) suggests Robinhood Chain is aiming to be more than a closed ecosystem. However, the true depth of support—such as which specific tokenized stocks will be available first, how collateral is handled across markets, and what the onboarding experience looks like—will only become clear after the protocol’s rollout begins.

As Arcus products go live on Robinhood Chain this month, the key details to watch are collateral rules for tokenized stocks, the breadth of available perpetual markets, and whether liquidity and execution quality improve quickly enough for retail traders accustomed to centralized-style trading speed. The dYdX Foundation’s assurance that the original dYdX chain remains unchanged should reduce concern about existing governance and infrastructure, but users will still want to confirm how Arcus will function as a separate, Robinhood-connected product.

TL;DR

• Tether froze USDT held in 131 TRON wallets after OFAC linked the addresses to ISIS-K.
• The updated U.S. sanctions list added 134 crypto wallet addresses, including 131 on TRON and three on Monero.
• Chainalysis said the sanctioned TRON wallets received more than $1.4 million since 2023 and sent over $880,000.
• The latest action expands Tether’s compliance efforts as regulators tighten oversight of illicit crypto transactions.

Tether has frozen USDT balances held in all 131 TRON wallets linked to the terrorist group ISIS-K after the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) expanded its sanctions list to include 134 cryptocurrency wallet addresses. The updated designation covers 131 TRON addresses and three Monero addresses believed to be associated with the group’s financial activities.

According to blockchain analytics firm Chainalysis, the sanctioned TRON wallets have received more than $1.4 million since 2023 and have transferred over $880,000 during that period. The action follows OFAC’s latest sanctions update targeting ISIS-K, the Islamic State’s affiliate operating in Afghanistan, Pakistan, and parts of Central Asia.

OFAC Expands Sanctions as Tether Blocks ISIS-K-Linked Wallets

The latest sanctions update adds 134 cryptocurrency wallet identifiers to OFAC’s existing designation of ISIS-K, a group that has previously used cryptocurrency to support fundraising efforts. Historical investigations have shown that the organization’s media arm, al-Azaim Media Foundation, solicited crypto donations through online campaigns using multiple digital assets, including TRON, Monero, and Bitcoin.

Chainalysis points out that the 131 TRON wallets at the center of the sanctions have interacted with mainstream crypto services and, in some cases, transferred funds to cryptocurrency exchangers based in Syria. In response to the designation, Tether froze the USDT balances held in all of the sanctioned TRON addresses.

The sanctions update comes as regulators continue to strengthen oversight of cryptocurrency transactions linked to terrorism financing and other illicit activities. Following the latest designation, financial institutions and virtual asset service providers are expected to update their sanctions screening and transaction monitoring systems to identify exposure to the newly listed wallet addresses.

Tether Continues to Expand Compliance Efforts

The latest wallet freeze comes just days after Tether, currently providing custodial wallets, blocked $344 million in USDT held across two TRON wallets that had been flagged by U.S. authorities over suspected illicit activity. That action ranked among the company’s largest compliance operations and reflected its ongoing coordination with law enforcement agencies.

According to Tether, the company has frozen more than $4.4 billion in digital assets since it began working with authorities, including approximately $2.1 billion linked to requests from U.S. agencies. The stablecoin issuer says it has supported more than 2,300 investigations involving 340 agencies across 65 countries.

The latest enforcement action highlights the growing role of stablecoin issuers in enforcing sanctions on public blockchain networks. While blockchain transactions remain transparent and traceable, issuers such as Tether, which is also one of the biggest Bitcoin holders, can freeze tokens when wallet addresses are linked to sanctioned entities or criminal investigations, making compliance measures an increasingly important part of the digital asset ecosystem.

French Interior Minister Laurent Nuñez says authorities have recorded 77 incidents involving kidnapping, extortion, or attempted extortion linked to crypto in the first half of 2026—an increase from 45 cases recorded across all of 2025. Speaking to the Association for the Development of Digital Assets (ADAN), Nuñez pledged a “more ambitious” government response to tackle the so-called “crypto wrench” attacks, where criminals use physical violence to force victims into handing over cryptocurrencies.

France is among the countries most frequently targeted for these attacks, in part due to the scale of retail adoption. ADAN estimates that about 11% of the French population owns cryptocurrencies—roughly 7.3 million people—making the country a major pool for criminals seeking both visibility and leverage.

Key takeaways

• France recorded 77 crypto-linked kidnapping/extortion incidents in the first half of 2026, up from 45 across all of 2025, according to figures cited by BFM Business.
• Nuñez says France’s dedicated prevention platform and rapid-alert/protection system has attracted 724 sign-ups so far.
• Emergency measures have reportedly led to 200 arrests, including an attacker detained within eight hours after a victim used an emergency identification hotline.
• Nuñez outlined a three-part plan focused on better intelligence-sharing, deeper coordination with ADAN, and improved operational alignment between security services.
• CertiK reports wrench attacks rose 41% globally in the first four months of 2026 versus the same period in 2025, with Europe accounting for most activity.

A sharp rise in crypto-linked extortion and kidnapping

Nuñez’s remarks underscore how quickly crypto crime involving physical coercion appears to be scaling in France. The 77 incidents reported so far this year, as cited by BFM Business, represent a steep year-over-year acceleration: 45 incidents were logged over the entire previous calendar year of 2025.

Nuñez told ADAN that authorities regard these cases as serious and that public concern is justified. That framing matters for both policy and investor sentiment, because it signals that the state is moving beyond general warnings and into more structured prevention and enforcement.

France expands prevention and emergency response

Earlier in 2026, French authorities reportedly launched a prevention platform alongside a rapid-alert and protection system for crypto holders and professionals. Nuñez said the initiative has already reached 724 sign-ups, suggesting that at least some in the sector are willing to use formal reporting channels and risk-reduction tooling.

According to Nuñez, the emergency approach has also translated into enforcement outcomes. He said it has resulted in 200 arrests, and highlighted a recent case where an attacker was arrested within eight hours on Friday—helped, he said, by a victim using an emergency identification hotline.

For victims and service providers, the practical value of such a hotline is that time-to-response can determine whether coercion ends with a transfer or with the attack interrupted. For the industry, higher sign-up rates may also improve the quality of reporting data, helping law enforcement target networks rather than individual incidents.

Three-part plan: intelligence, coordination, and operations

Nuñez promised a “more ambitious” three-part plan designed to strengthen security across the crypto sector. The plan includes:

• Stronger intelligence-sharing, reflecting Nuñez’s view that criminal networks often operate from abroad.
• Deepened partnership with ADAN, aiming to align the government’s approach with the sector’s infrastructure and reporting mechanisms.
• Better operational coordination between security services, intended to streamline how cases are investigated and responded to.

While the government’s prevention measures are already in place, the emphasis on intelligence-sharing and cross-agency coordination indicates officials see wrench attacks as a transnational criminal problem—not simply isolated cases. That framing can influence how exchanges, custody providers, and other compliant market participants think about operational readiness and incident reporting.

Why France is a focal point for wrench attacks

Broader reporting from blockchain security firm CertiK adds context to Nuñez’s announcement. In a report released in May, CertiK said wrench attacks globally increased 41% in the first four months of 2026 compared with the same period in 2025, with most attacks occurring in Europe.

CertiK also described France as the “epicenter” of these attacks. In its assessment, factors include the presence of prominent industry companies and their executives, what it characterizes as a culture of public “flexing” and voluntary doxxing within parts of the crypto community, and “proven exposure” from multiple sensitive data leaks.

The human and industry consequences are not theoretical. French hardware wallet maker Ledger co-founder David Balland was kidnapped and held for ransom in January 2025, alongside his partner, before police rescued them. The incident followed a damaging earlier event: CertiK-linked coverage points to Ledger’s 2020 data breach, in which its customer database was hacked and more than 270,000 personal records were leaked—an episode that the firm says contributed to subsequent phishing and wrench attacks that continue to this day.

“France ranks among the most targeted countries in the world for this type of breach,” CertiK said, connecting the country’s risk to both criminal targeting and the downstream effects of data exposure.

What to watch next for holders and the sector

Nuñez’s plan suggests France intends to scale enforcement and prevention further, but readers should watch whether sign-ups to the rapid-alert system continue to grow and whether intelligence-sharing and operational coordination lead to sustained disruption of the networks behind these attacks. With CertiK’s data indicating Europe is driving much of the year’s rise, the next measure of success will likely be fewer incidents alongside faster intervention when threats emerge.

Robinhood has launched its Ethereum Layer 2 mainnet alongside tokenized stock trading and perpetual futures, expanding its blockchain based financial services beyond the testnet stage.

According to an announcement during the company’s “The World is Flat” event in London, Robinhood has unveiled the public mainnet of Robinhood Chain, an Ethereum Layer 2 network built with Arbitrum technology, while introducing tokenized stocks and decentralized perpetual futures trading as part of its latest international product rollout.

Speaking during the launch, Robinhood CEO Vlad Tenev and other executives described the announcement as the company’s most ambitious global expansion and product strategy so far, with a focus on combining traditional financial products with decentralized finance infrastructure.

Robinhood Chain moves from testnet to mainnet

Robinhood Chain has been launched as a permissionless, AI native Ethereum Layer 2 network designed for real world assets. Built using Arbitrum’s technology stack to institutional standards, the network includes integrations with Alchemy, BitGo, and Chainlink, while also supporting built in DeFi features such as lending and borrowing.

The company said Uniswap will deploy a dedicated automated market maker as the chain’s primary public liquidity protocol, while Pleiades will launch its own automated market maker to serve as the primary proprietary trading venue.

The mainnet launch follows Robinhood Chain’s public testnet debut in February. At the time, Tenev said the network processed more than four million transactions during its first week, with developers already experimenting with tokenized stock assets and decentralized financial applications. The testnet was built to let developers evaluate tools and infrastructure before the production rollout.

Tokenized stocks and perpetual futures expand offering

Alongside the blockchain launch, Robinhood introduced a new version of Stock Tokens that allows eligible users to trade tokenized equities around the clock directly on Robinhood Chain. According to the company’s disclosures, the tokens can also be used as collateral across decentralized finance applications and deployed into lending pools.

Robinhood said the new Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. While they provide economic exposure to the underlying shares, holders do not receive legal ownership or beneficial rights in the underlying stocks.

Eligible users in more than 120 countries can access the assets through Robinhood Wallet, with spot trading available on decentralized exchanges including Uniswap, Rialto, Lighter, 1inch and Arcus, which was developed by the team behind dYdX. The company said the product is unavailable to users in the United States and remains restricted in several other jurisdictions, including Canada, the United Kingdom, Switzerland, the United Arab Emirates and sanctioned regions.

Robinhood also renamed its earlier tokenized equity product as Classic Stock Tokens. Those assets, first introduced during the company’s Cannes event in June 2025, will continue to operate inside the Robinhood Europe app after the launch of the new on chain version.

Attention also turned to Robinhood Wallet, which now offers eligible users in selected jurisdictions access to perpetual futures through Ethereum-based decentralized exchange Lighter. According to the company’s disclosures, the product is not available in the United States, the United Kingdom, Canada, Switzerland, the United Arab Emirates, Singapore, and other restricted markets.

Robinhood said Lighter has allocated $11 million worth of its native LIT tokens to the Robinhood community. Eligible users will earn trading points on perpetual futures transactions that convert into LIT tokens, with trades executed through Robinhood Wallet receiving double the points compared with trades placed directly through Lighter’s web application.

Key Highlights

• Trading volume across Kalshi, Polymarket, and Polymarket US surged to $44.8 billion in June, marking a 75% increase from May’s figures
• Kalshi dominated growth with an impressive 87.4% month-over-month expansion, totaling $31.5 billion
• Polymarket’s international platform jumped 45% to $10.26 billion, while its U.S. version reached $3.04 billion
• FIFA World Cup 2026, launching June 11, served as the primary catalyst for unprecedented trading activity
• Kalshi’s World Cup championship market alone accumulated over $832 million in wagers, with France leading at 35% probability

The prediction market industry witnessed its most explosive month ever in June, with major platforms Kalshi and Polymarket experiencing unprecedented growth driven primarily by FIFA World Cup 2026 enthusiasm.

New figures from The Block reveal that Kalshi, Polymarket, and Polymarket US collectively generated $44.8 billion in trading activity throughout June. This represents a substantial 75% leap compared to the $25.66 billion recorded in May.

These statistics underscore the rapidly expanding mainstream acceptance of prediction markets, platforms where participants wager actual funds on outcomes spanning political contests, sporting events, and other real-world developments.

Kalshi Dominates Market Share

Kalshi emerged as the clear leader among the three platforms, demonstrating exceptional performance. Monthly volume skyrocketed from $16.81 billion in May to $31.5 billion in June, representing an 87.4% monthly surge.

This achievement positions Kalshi as the undisputed volume leader, capturing over two-thirds of the combined three-platform total.

Polymarket’s primary international platform generated $10.26 billion throughout June, representing a 45% uptick from May’s $7.08 billion figure.

After experiencing consecutive monthly declines from March through May, Polymarket successfully reversed its downward trajectory in June.

Meanwhile, Polymarket US, the platform’s CFTC-regulated American operation, secured $3.04 billion in June volume, climbing from May’s $1.77 billion.

World Cup Emerges as Primary Growth Engine

The commencement of FIFA World Cup 2026 on June 11 has unquestionably been the dominant force propelling activity across all three prediction market platforms.

Kalshi’s tournament champion prediction market has single-handedly generated more than $832 million in total bets. Approximately 35% of those wagers favor France capturing the championship.

On Polymarket, individual match contracts have consistently attracted between $500,000 and $2 million in volume per game.

With the tournament scheduled to conclude on July 19, elevated trading volumes are expected to persist for multiple additional weeks.

These impressive volume figures emerge as prediction market platforms continue navigating complex regulatory challenges across the United States.

Over a dozen state regulatory bodies have initiated legal proceedings targeting both Kalshi and Polymarket. These jurisdictions claim the platforms provide unauthorized sports wagering or gambling services to their residents.

Both companies, supported by the Commodity Futures Trading Commission’s position, maintain that federal regulatory authority permits them to facilitate sports-related prediction markets without securing individual state licenses.

This regulatory conflict remains unresolved, though it has not dampened trading momentum in the immediate term.

June’s combined performance establishes a new benchmark for monthly platform volume, with significant World Cup action still remaining before tournament completion.