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Robinhood Chain Becomes Largest Blockchain by RWA Holder Count

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Robinhood Chain has become the leading blockchain by real-world asset (RWA) holder count. This comes less than a month after its public mainnet launch, and it marks a massive milestone in the company’s push into on-chain finance.

The network is an Ethereum layer 2, and it went live on July first. So far, it has surpassed established ecosystems despite its relatively short operating history, at least in this domain.

Retail Distribution Becomes Robinhood’s Main Advantage

Unlike many blockchain projects that first focus on crypto-native users, Robinhood entered the industry with millions of existing brokerage customers. That distribution is obviously translating into rapid adoption of real-world assets (RWAs).

Data from RWA.xyz shows that Robinhood has accumulated almost 330,000 RWA holders, alongside $24.12 million in distributed asset value and over $20 million in represented asset value. The network hosts around 1900 tokenized assets, while monthly transfer volume stands at $750 million at the time of this writing.

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Screenshot 2026-07-27 at 7.32.28
Source: RWA.xyz

Second in line by this metric is Solana, followed by Plume, Ethereum, and BNB Chain.

Screenshot 2026-07-27 at 7.34.05
Source: RWA.xyz

It’s worth noting, however, that Ethereum dominates when it comes to total value. Almost $18 billion worth of RWA assets are hosted on the network. Second in line is BNB Chain, followed by Solana.

This milestone comes as the platform continuously expands its tokenized stock offering across Europe. The network was designed specifically for regulated financial assets rather than general-purpose DeFi, which allows users to trade tokenized US equities and ETFs around the clock. Transactions are settled on Ethereum through Arbitrum technology.

Early Success Driven Not Only by RWAs

Still, it’s interesting to note that tokenized assets are not yet the chain’s dominant activity driver.

Meme coin trading currently accounts for the majority of decentralized exchange volume. Tokenized stocks represent only a small portion of on-chain value today, although the company views them as the network’s long-term differentiator. Recall the frenzy surrounding the viral meme coin CASHCAT – a cryptocurrency that exploded in value in a few short days only to plummet almost immediately after, leaving stories of overnight millionaires and missed fortunes altogether.

Stablecoins are also growing on the network, noting a 22% increase in their market capitalization, currently pushing $500 million, according to DeFiLlama.

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BitMart Withdrawal Speeds Drop After Wind-Down Announcement

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Crypto Breaking News

BitMart’s planned wind-down is starting to show up in customer withdrawal behavior, according to blockchain monitoring and ongoing user reports. While withdrawals remain available, analytics tracking suggests activity has slowed sharply after the exchange moved toward ending services.

On Monday, Lookonchain reported that only 58 wallets withdrew roughly $805,000 over more than 24 hours, and that BitMart had not processed any withdrawals during the most recent eight-hour window the firm tracked. Separately, multiple users on X described delays or inconsistencies with withdrawal processing, though the claims could not be independently verified.

Key takeaways

  • Lookonchain data indicates withdrawal activity from BitMart slowed to near-zero during at least one tracked eight-hour period.
  • Users on X reported withdrawal freezes and transactions marked as completed without clear on-chain processing, but these reports were not verified.
  • BitMart has said withdrawals will continue, though requests may undergo additional compliance and security checks.
  • BitMart’s closure schedule remains under focus: trading is set to end Aug. 26, with full cessation expected by Jan. 31, 2027.
  • BitMart’s token (BMX) continued to fall after the shutdown announcement, reflecting deteriorating market sentiment.

Withdrawal activity appears to stall as wind-down proceeds

Lookonchain’s Monday update framed the slowdown through wallet-level monitoring, with 58 wallets withdrawing about $805,000 over a little more than a day. The same report said BitMart did not process withdrawals during the latest eight-hour segment it analyzed, suggesting operational throttling or slower throughput during the wind-down transition.

Beyond the analytics snapshot, social media users continued to post about withdrawal issues. One X user said they received an email claiming a USDT withdrawal had been completed, while their account still showed an “on-chain withdrawal freeze” and the transaction was not processed on-chain. Another user claimed a $30 test withdrawal remained pending for more than 30 minutes. These accounts were presented as individual experiences and were not confirmed by independent evidence in the reporting.

For customers, the practical question is whether BitMart can convert “orderly wind-down” promises into consistently processed outflows. Even when withdrawals remain technically enabled, delays can intensify concern—especially if customers suspect internal holds, address checks, or longer verification queues than before.

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BitMart says withdrawals remain available, but checks may tighten

BitMart previously told customers that withdrawals would still be supported while operations unwind. However, it warned that withdrawal requests could face additional compliance and security controls. The exchange’s notice indicated that review processes may include checks of customer identity details, login devices, withdrawal addresses, trading history, and sources of funds.

BitMart also suggested it might request further proof, including identity verification, confirmation of address details, evidence relating to the source of funds, and—where relevant—ownership of the receiving wallet. That framework matters because it points to a mechanism for why withdrawals could appear slower even if the exchange intends to process them eventually.

Cointelegraph attempted to obtain comments from BitMart but did not receive a response before publication. That leaves customers and observers reliant on the exchange’s published guidance, third-party tracking, and user reports to gauge whether checks are running normally or becoming a bottleneck.

Trading ends in stages; platform closure timetable remains the same

The withdrawal scrutiny comes after BitMart announced a staged exit from its business. In its Sunday update, the exchange said it would stop accepting new registrations and deposits, while restricting new spot orders and futures positions.

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According to the schedule outlined at the time, trading services are expected to end on Aug. 26. The exchange also stated that the platform will cease operations entirely on Jan. 31, 2027. This longer runway means BitMart’s ability to keep customer exits working—especially during the period leading up to Aug. 26—may be one of the clearest near-term signals of how smoothly it intends to handle assets.

As the wind-down progresses, blockchain visibility adds another layer to the story. Arkham, via its entity explorer, attributed about $69 million in crypto assets to BitMart-linked wallets on Monday, down from roughly $102 million on July 6. While wallet attribution does not automatically confirm which assets remain available to customers at any given moment, the trend is consistent with gradual movements and reallocations during the closure process.

BMX token slumps; acquisition questions return

BitMart’s token performance has also reflected mounting concerns around exchange risk. CoinGecko data showed BMX trading near $0.057 on Monday and down about 81.5% over seven days. Earlier in the week, the token was reportedly around $0.31 late Friday after BitMart’s shutdown plans became public.

Token declines during an exchange wind-down are common, but the magnitude can indicate how aggressively traders are repricing uncertainty around liquidity, support, and distribution mechanics during cessation. For tokenholders and observers, it also underscores the market’s expectation that the transition will not be smooth for all participants.

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The closure has revived questions about consolidation in centralized exchanges. Changpeng Zhao, Binance co-founder, commented on X that acquiring a centralized exchange can be more complicated than buying other businesses. He argued that buyers could inherit security vulnerabilities, including backdoors left by prior teams, adding that acquisitions are possible but require greater scrutiny.

In that context, BitMart’s winding down may affect how potential acquirers evaluate operational continuity, customer asset handling processes, and technical risk. Even where an acquisition is feasible on paper, the practical challenges of verifying controls and safeguarding assets can be substantial—especially for platforms already reducing activity and limiting new access.

Looking ahead, customers and market participants should watch whether withdrawal processing returns to steady throughput as checks are completed and whether third-party monitoring shows sustained transaction activity rather than intermittent gaps. Until BitMart demonstrates consistent outflows across different assets and user reports, uncertainty around the final stages of the wind-down is likely to remain a central issue.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Arthur Hayes Bets Even Bigger on Ethereum as $4K Calls Grow Louder

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🇨🇭

The co-founder of BitMEX, which recently announced its upcoming closure, continues with his substantial Ethereum purchases as the asset has suddenly become a fan favorite.

ETH has gained momentum over the past few weeks, trading close to $2,000 for the first time in months. Naturally, big price predictions have started to reemerge.

Hayes Adds More

Arthur Hayes has demonstrated a slightly controversial behavior toward the largest altcoin in the past month or so. As reported just a few weeks ago, he disposed of his entire stash for more than $10 million at average prices of under $1,700. The problem was that he accumulated this fortune at prices of over $1,900.

Once the cryptocurrency rebounded and flew past $1,900 later in the month, Hayes started to reaccumulate. Data from Lookonchain shows that he has spent roughly $7.5 million since July 15 to purchase a total of 3,915 ETH.

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The latest buy came hours ago, in which he splashed $1.2 million to add 645 tokens to his stash. Interestingly, his average accumulation price is still just over $1,900 per ETH.

$4K ETH?

Doctor Profit is a popular crypto analyst who nailed some of the recent corrections, including the big crash from $126,000. Now, though, he appears to have changed his tune, becoming a lot more bullish on the entire industry. Interestingly, his bullish outlook has translated mostly to Ethereum.

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In a post from earlier today, he explained that ETH has become a larger portion of his crypto portfolio than BTC for the first time ever.

“In previous cycles, ETH represented only around 10% of my BTC and ETH portfolio. Last week, I increased it to 20%. Today, I am raising it to 60%. Read that again: for the first time in my entire trading history, I will hold more Ethereum than Bitcoin for this cycle.”

His full explanation of why will be “shared in the right moment.” However, in another post, he predicted that the largest altcoin can rally to $4,000, which has propelled this “extreme” bet on ETH.

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Triple-A confirms treasury-wallet breach after losses reach $11.8M

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Triple-A confirms treasury-wallet breach after losses reach $11.8M

Triple-A confirms treasury-wallet breach after losses reach $11.8M

The stablecoin payments company said client funds were unaffected and that the financial impact would be absorbed through its treasury reserves.

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Changpeng Zhao Warns Investors: You Can’t Get Rich Without Knowing This One Term

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Changpeng Zhao Warns Investors: You Can’t Get Rich Without Knowing This One Term

Changpeng Zhao (CZ), Binance’s co-founder, told his X followers that they cannot build wealth without understanding Dollar-Cost Averaging (DCA), a basic financial term he said too many crypto investors ignore.

The comment followed a question CZ posted two days earlier, asking whether bull or bear markets offer better entry points for long-term holding. His answer favored a simpler, disciplined approach over market timing.

Why CZ Raised the Timing Question

CZ posed the original question on July 24, asking followers directly whether bull or bear conditions suit long-term investors better. The post drew over 1.8 million views within two days, showing how often newer investors ask this exact question.

CZ. Source: X

Crypto markets swung sharply through 2026. Bitcoin spent months grinding through a bear market before recent signs of stabilization emerged. That backdrop likely shaped CZ’s question, since entry timing feels more urgent during a downturn than during a rally.

CZ has his own record of timing missteps. He recently admitted he misjudged the stablecoin market, dismissing it early before it grew past $300 billion. That history may explain why he now steers newer investors toward a repeatable process instead of one high-stakes decision.

What Is DCA?

Dollar-Cost Averaging means investing a fixed amount at regular intervals, regardless of price. The approach removes the need to predict tops or bottoms, since each purchase averages out over time.

CZ’s underlying point was blunt. Investors who skip basic terms like DCA, he suggested, will struggle to build lasting wealth in volatile markets. CZ’s message pushed back against the instinct to time entries perfectly.

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The strategy answers a documented problem. Weak buy-and-hold returns among 2025 token listings showed how badly timed lump-sum entries can underperform. Spreading purchases across both bull and bear phases sidesteps that risk, which is why some investors treat DCA as a long-term retirement strategy rather than a short-term trade.

DCA’s biggest advantage may be psychological rather than mathematical. Regular, automated purchases limit the emotional decisions that often accompany sharp swings, whether markets grind lower or turn toward a new rally.

Some traders currently point to early bottom signals as reason for optimism, while others stay cautious given how long the downturn has lasted. Either way, CZ’s simpler approach offers a middle path that does not depend on guessing which camp is right.

Whether the current stretch counts as bear or bull remains debatable. CZ’s advice suggests investors do not need to settle that debate before they start buying.

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4 Things That May Move Crypto Markets This Week as Fed Rate Hike Odds Increase

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Crypto markets have ticked up this Monday morning as investors brace for a volatile week ahead, with all eyes on the US central bank. Meanwhile, Iran said it will halt its attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday.

The US paused its bombing campaign on Friday following 13 nights of intensifying airstrikes. The development has caused a dip in oil prices and a jump in US stock futures and crypto markets.

Economic Events July 27 to 31

July’s Consumer Confidence data is due on Tuesday, which reflects how consumers are spending. This is followed by the week’s big event on Wednesday when the Fed announces its rate decision and Fed Chair Kevin Warsh holds a press conference, setting policy direction.

The meeting comes amid growing uncertainty about tech sector valuations, AI infrastructure spending, and economic growth trajectory amid a backdrop of inflationary pressures.

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The market “feels very frothy,” Kristina Hooper, chief market strategist at Man Group, told Reuters. “Investors are, to a certain extent, walking on eggshells, and they’re more likely to react negatively to any signs of imperfection.”

Odds of rates remaining the same have fallen to 63.7% on the CME Fed watch tool, which now predicts a 36.3% chance of an increase.

July’s PCE inflation data is due on Thursday, followed by the Michigan Consumer Sentiment data and Inflation Expectations data on Friday.

Meanwhile, more than 15% of S&P 500 companies, including Microsoft, Meta, Apple, and Amazon, are reporting earnings this week.

Crypto Market Outlook

Crypto markets have moved higher over the weekend, with total capitalization ticking up to $2.3 trillion on Monday morning in Asia.

Bitcoin moved up 1% on the day to tap $65,500 in early trading before a minor retreat. The asset is still facing heavy resistance above $66,000, which has kept it range-bound for almost two months.

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Ethereum has made a bigger 3.5% move to hit a seven-week high of $1,960, but it also faces resistance at this level and hasn’t been over $2,000 since June 2. Only a handful of altcoins were moving, and these included Zcash, Chainlink, and Uniswap, while Monero had lost 4%.

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BitMart Faces Withdrawal Complaints Following Wind-Down Announcement

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BitMart Faces Withdrawal Complaints Following Wind-Down Announcement

Withdrawals from crypto exchange BitMart appeared to slow after it announced plans to wind down its operations. 

On Monday, blockchain analytics account Lookonchain reported that only 58 wallets withdrew about $805,000 in over 24 hours. It added that the exchange had not processed any withdrawals during the latest eight-hour period it tracked. 

X users also continued to report withdrawal difficulties. One user said they received an email stating that a USDT withdrawal had been completed even though the transaction had not been processed and their account displayed an “on-chain withdrawal freeze.” Another user said a $30 test withdrawal remained pending for over 30 minutes. These are individual claims and could not be verified. 

BitMart’s ability to return customer funds smoothly will be a key test of its promised “orderly” wind-down and could determine whether declining confidence develops into a broader rush for the exits.

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BitMart previously said withdrawals remain available but warned that requests may face additional compliance and security checks, including reviews of customer identities, login devices, withdrawal addresses, trading histories and sources of funds. The exchange may also request proof of identity, address, source of funds or ownership of the receiving wallet.

Cointelegraph reached out to BitMart for comments but did not receive a response before publication. 

BitMart token extends decline as exchange prepares to close

On Sunday, BitMart announced that it would stop accepting new registrations and deposits while restricting new spot orders and futures positions. Trading services are scheduled to end on Aug. 26, with the platform expected to cease operations entirely on Jan. 31, 2027.

Arkham-identified wallets attributed to BitMart held about $69 million in crypto assets on Monday, down from roughly $102 million on July 6. 

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Related: Storj files for bankruptcy, explores equity path for tokenholders

BitMart’s BMX token traded near $0.057 on Monday and had fallen about 81.5% over seven days, according to CoinGecko. The token was trading around $0.31 late Friday before the exchange’s shutdown became public.

BMX token’s 24-hour chart. Source: CoinGecko

The closure also prompted discussion about whether larger exchanges could acquire smaller competitors. 

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Binance co-founder Changpeng Zhao said acquiring a centralized exchange was more complicated than buying other businesses because buyers could inherit security vulnerabilities, including backdoors left by previous teams. He added that acquisitions remain possible but require greater scrutiny. 

Magazine: Why Australia’s $17B crypto opportunity depends on regulation

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South Korean Traders Push MORPHO Whale Transactions to Highest Level Since October 2025

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Morpho Whale Transactions, Network Growth, and Exchange Outflows Spike to Multi-Month Highs

South Korean demand pushed Morpho (MORPHO) whale transactions, wallet creation, and exchange outflows to multi-month highs on Saturday. The spike landed the same day Upbit opened a won trading pair.

Activity has since cooled across all three metrics. Still, Upbit handles more MORPHO volume than any other venue.

What Happened on Saturday

Santiment recorded 68 whale transactions above $100,000 in a single day. That is the highest daily count since October 2, 2025.

Wallet creation moved with it. 337 new MORPHO addresses appeared, the strongest reading since March 15, 2026.

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Exchange balances thinned at the same time. Traders shifted 4.35 million MORPHO off platforms, the largest single-day outflow since February 4, 2026.

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Morpho Whale Transactions, Network Growth, and Exchange Outflows Spike to Multi-Month Highs
MORPHO Whale Transactions, Network Growth, and Exchange Outflows Spike to Multi-Month Highs. Source: X/Santiment

The simultaneous bullish signal arrived as Upbit opened trading for MORPHO in the KRW market at 6 p.m. KST that evening. The announcement also triggered a price surge

MORPHO climbed from about $1.93 to an intraday high of $2.17 within hours, and daily volume rose close to 5 times to near $71 million, according to CoinGecko.

Upbit Still Handles More MORPHO Volume Than Binance

Nonetheless, the rush proved short. MORPHO slipped to nearly $1.9 on Sunday and now trades near at $1.99, roughly where it sat a week earlier. Daily volume has fallen back to about $22 million.

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MORPHO Price Performance
MORPHO Price Performance. Source: BeInCrypto Markets

Still, the Korean flow did not leave entirely. The Upbit KRW pair accounts for 12.26% of daily MORPHO volume, the largest share of any market, ahead of Binance.

Won pairs across all venues make up about 13% of turnover. That concentration gives Korean retail traders significant influence over short-term MORPHO price movements.

The next few weeks should show whether Korean access turns into steady demand or stays a one-day event.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

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Prices retake $65,000 as oil slides, ETH outperforms

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Prices retake $65,000 as oil slides, ETH outperforms

Risk-on peace trades are back in vogue after the U.S. and Iran held fire on Sunday, sending oil prices lower.

Bitcoin , the leading cryptocurrency by market value, is back above $65,000, with prices up about 1.2% over 24 hours. Ether (ETH) has risen by over 3% to nearly $1,950 alongside 1% to 2% gains in other top 10 token, including solana (SOL) and XRP (XRP).

Futures tied to WTI gapped lower on Monday, trading around 5% lower at $85 as of this writing, while those linked to Nasdaq and S&P 500 traded half a percent higher. Currency markets also showed risk-on trends, with the Aussie dollar and euro gaining against the U.S. dollar.

The United States and Iran paused military strikes against each other for a second consecutive day, creating room for a diplomatic breakthrough. The war, which began in late February, entered a fragile ceasefire in the second quarter, but it quickly unraveled.

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Iran reportedly said that it would continue to halt airstrikes as long as the U.S. did the same, marking a tenous start of what appears to be yet another peace process.

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SK Hynix, Samsung Ink $950 Billion AI Chip Deals, But Stocks Still Slide

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The two leaders in South Korea's KOSPI have been on a big correction over the past month.

Samsung Electronics and SK Hynix signed a combined $950 billion in artificial intelligence (AI) chip supply deals with Nvidia and Broadcom over the weekend.

Both stocks still fell in Monday trading, a disconnect that shows how much of the AI rally already sits in the price.

A Massive AI Infrastructure Deal

SK Hynix will supply $750 billion in memory chips to Nvidia and other US companies over several years. Nvidia put its own portion of that deal at $500 billion. The agreement covers new data centers targeted for 2027, and SK Hynix affiliate SK Telecom will build a cloud business on Nvidia’s Vera Rubin systems.

Nvidia enterprise vice president Raj Mirpuri said the deal secures a stable supply of high-bandwidth memory (HBM), the specialized chips that power AI processors and graphics cards.

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Samsung separately signed a memorandum of understanding worth an estimated $200 billion with Broadcom. The agreement expands their memory and foundry collaboration, the companies said in statements Friday.

Is the AI Boom Already Priced In?

Despite the scale of the announcements, SK Hynix shares traded at 1,752,000 won Monday morning, down a little from Friday’s close, but also down 11.38% over five sessions. Samsung fell 0.50% to 248,500 won, extending its own 10.05% five-day slide. Nvidia closed down 0.92% at $206.84 in Friday’s session before edging higher in overnight trading.

The two leaders in South Korea's KOSPI have been on a big correction over the past month.
The two leaders in South Korea’s KOSPI have been on a big correction over the past month. Image Source: Trading View
The two leaders in South Korea's KOSPI have been on a big correction over the past month
The two leaders in South Korea’s KOSPI have been on a big correction over the past month. Image Source: Trading View

The muted reaction fits a recent pattern. SK Hynix shares have slid even on positive news this month. US investors already pay a premium for its shares compared with Seoul, a gap that opened after its blockbuster Nasdaq listing earlier in July.

Both stocks are up sharply this year on AI demand, so traders appear to be booking profits rather than chasing another AI headline, regardless of the deal size.

The bigger test comes later this week. Samsung and SK Hynix report quarterly earnings that will show whether soaring chip orders are converting into profit. That result will tell investors whether this month’s record deal flow deserves a second look, or whether it is already old news.

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Kevin Warsh Wanted a ‘Family Feud’ at the Fed; At Wednesday’s Meeting He Might Get One

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While there is a higher chance of rates staying where they are, the chance of them rising is also increasing.

Federal Reserve Chairman Kevin Warsh keeps predicting a Fed “family fight.” Wednesday’s policy meeting could finally deliver a real one, with economists expecting at least two hawkish dissents over interest rates.

Warsh has used the phrase 13 times since his April nomination hearing, according to a CNBC tally. His first meeting as chair ended in a unanimous hold last month.

A Feud That’s Been Building for Months

Wall Street expects a different outcome this week. JPMorgan’s Michael Feroli predicts a contested vote. He names Cleveland Fed President Beth Hammack and Dallas Fed President Lorie Logan as likely dissenters.

“The July FOMC will be a family feud… just as Kevin Warsh intended.”
Oscar Munoz, TD Securities

TD Securities’ Oscar Munoz agrees. Traders are already repricing the odds. CME Group’s FedWatch tool now shows 34.2% odds of a quarter-point hike, up from 12.8% just a week ago.

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While there is a higher chance of rates staying where they are, the chance of them rising is also increasing.
While there is a higher chance of rates staying where they are, the chance of them rising is also increasing. Image Source: FedWatch

Oil and Chips Are Feeding the Feud

A collapsed U.S.-Iran ceasefire has pushed oil prices higher again. Brent crude climbed back above $100 a barrel, undoing the recent oil price relief. But a recent pause in hostilities has brought that price back down for the moment.

Chip shortages tied to the AI boom have raised consumer electronics prices too. Hyperscalers keep spending heavily on AI infrastructure, and that shows no sign of slowing. Fed Governor Chris Waller argues the central bank cannot just watch inflation and hope it fades, echoing Warsh’s own recent complaint about the Fed’s inflation framework mistake.

Cleveland Fed President Beth Hammack has been especially blunt about the stakes. She says businesses and consumers are both losing patience with prices.

“For the first time in my tenure, I’m hearing from businesses who say they think we need to take action to curb inflation, and from consumers who can’t make ends meet about a growing sense of despair.”
Beth Hammack, Cleveland Fed President

A softer June inflation report still favors a hold on Wednesday. The Fed’s next test also lands just as U.S. midterm elections near, adding political weight to the vote. But two hawkish dissents would turn Warsh’s family fight into the real feud he predicted all along.

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