On July 1, both BTC and ETH fell by more than 1%, which is a reasonable correction after the previous rise in token prices. Online brokerage firm Robinhood announced that it will allow EU customers to trade US stocks and ETFs on the blockchain, and Robinhood also plans to transfer these tokenized stocks to its own Layer 2 blockchain, Robinhood Chain. Stablecoin issuer Circle has applied for a national bank charter in the US, which will allow it to act as a custodian for USDC reserves and hold crypto assets for institutional clients. Polygon Labs has launched the DeFi-focused Ethereum Layer 2 blockchain Katana in collaboration with crypto market maker GSR, aimed at addressing the issues of on-chain asset fragmentation and unsustainable yields driven by high inflation.
BTC (-1.30% | Current price 106,810 USDT): The recent decline is a normal correction due to the previous significant rise in BTC. Technical analysis shows that BTC still has strong support at the 106,000 level, with trading volume remaining stable. On June 30, BTC ETF inflows totaled $102 million, with BlackRock's IBIT inflow at $112 million and Ark's ARKB outflow at $10.2 million.
ETH (-1.77% | Current price 2,455 USDT): ETH accelerated its decline and broke below the key support level of 2,500 USDT. The trading volume indicates a significant drop, with 2,420 USDT being a critical support level. On June 30, ETH ETF net inflows were $31.8 million, with BlackRock's ETHA inflow at $6.1 million and Fidelity's FETH inflow at $25.7 million.
Altcoins: The market is currently in a sideways phase. The Fear and Greed Index reported 63 today, indicating that market sentiment is in a neutral to optimistic range.
Macro: On July 1, the S&P 500 index rose by 0.52%, closing at 6,204.95 points; the Dow Jones index increased by 0.63%, closing at 44,094.77 points; the Nasdaq index rose by 0.48%, closing at 20,369.73 points. As of July 1, 13:30 (UTC+8), the spot price of gold is reported at $3,331 per ounce, with a 24-hour increase of 0.86%.
PROM Prometeus (+12.91%, Circulating Market Cap $115 million): According to Gate's market data, the current price of PROM tokens is $6.27, with a 24-hour increase of 12.91%. Prom is a marketplace at the core of the Web3 gaming ecosystem, focused on trading and exchanging NFT assets, providing decentralized NFT leasing and collateral loans through smart contract wallets. Additionally, it offers a range of other services, including NFT trading markets and aggregators, educational portals and analytical tools, decentralized exchanges for GameFi assets, and asset management tools, helping any NFT gaming enthusiast benefit from entering the blockchain world.
Recently, there have been no significant updates on the PROM project. On June 30, the project posted a tweet saying, "Stay bullish for the next week." This news led to a more than 12% increase in PROM tokens over the past 24 hours. From a candlestick perspective, PROM has achieved six consecutive daily gains, with strong price momentum and solid support at the 5.4 to 5.5 USDT range.
BCH Bitcoin Cash (+4.66%, Circulating Market Cap $10.386 billion): According to Gate's market data, the current price of BCH tokens is $524.5, with a 24-hour increase of 4.66%. Bitcoin Cash (BCH) is a cryptocurrency launched by ViaBTC based on the Bitcoin ABC protocol, created from a hard fork of the original Bitcoin chain in 2017. Highlights include: on-chain scaling, new transaction signatures, new difficulty adjustment algorithms, and decentralized development. BCH follows Satoshi Nakamoto's scaling roadmap, aiming for global adoption.
The recent price increase of BCH over the past 24 hours has been primarily driven by technical factors, as BCH successfully broke through the key resistance level of $520, which had been difficult to surpass for the past two months, and turned it into support. The current price remains above the resistance level, showing strong bullish momentum.
ALGO Algorand (+3.55%, Circulating Market Cap $1.636 billion): According to Gate's market data, the current price of ALGO tokens is $0.189, with a 24-hour increase of 3.55%. Algorand is a public open-source blockchain based on the PPoS (Pure Proof of Stake) consensus protocol, developed by the Algorand Foundation. Algorand was created by renowned cryptographer and leader in cryptographic research, Silvio Micali, who won the Turing Award in 2012. The key feature that gives Algorand high scalability is its PPoS consensus mechanism, which allows it to process multiple transactions quickly without sacrificing decentralization.
Recently, there have been no significant updates on the Algorand project. The rise in ALGO tokens is mainly due to market rotation and a rebound after several months of continuous decline. In January 2025, the price of ALGO tokens reached a peak of $0.4, after which it continuously fell to around $0.15.
Robinhood plans to launch Layer 2 blockchain and offer "stock tokens" in the EU:
Online brokerage firm Robinhood announced that it will allow EU customers to trade US stocks and ETFs on the blockchain. These assets, referred to as "Robinhood stock tokens," will enjoy zero commissions, and holders will receive dividends within the broker's app. Additionally, Robinhood plans to transfer these tokenized stocks to its own Layer 2 blockchain, reportedly based on Arbitrum, which typically offers faster and more efficient transaction processing.
Robinhood's move into the EU market could significantly promote the adoption of RWA (real-world assets), as its innovative stock tokenization scheme lowers the participation threshold of traditional finance through a zero-commission model and on-chain dividend distribution. By building a Layer 2 dedicated chain based on Arbitrum technology, the platform not only enhances trading efficiency but may also reshape the infrastructure standards for security tokens—this attempt to deeply integrate traditional stocks with blockchain characteristics could catalyze more financial institutions to explore compliant applications of RWA, accelerating the migration of global securities market liquidity onto the blockchain.
Circle applies for a US bank charter to custody USDC reserves:
According to Reuters, stablecoin issuer Circle has applied for a national bank charter in the US, which will allow it to act as a custodian for USDC reserves and hold crypto assets for institutional clients. However, the charter does not permit Circle to accept cash deposits or issue loans like traditional banks. Circle plans to name the entity regulated by the Office of the Comptroller of the Currency (OCC) as First National Digital Currency Bank, N.A.
Circle's application for a national bank charter lays an important foundation for the long-term development of its stablecoin USDC, demonstrating its ambition on the path to compliance and institutionalization. Once the charter is obtained, Circle's ability to act as a custodian for USDC reserves and provide custody services for institutional clients will be significantly enhanced, further solidifying USDC's leading position in the stablecoin market, especially in terms of institutional adoption and competitiveness in cross-border payment scenarios. In the future, Circle needs to continuously optimize its compliance framework in the context of tightening global regulations while promoting the expansion of USDC's application scenarios in DeFi, cross-border trade, and emerging markets.
Polygon Labs and GSR launch Katana blockchain, focusing on DeFi:
Polygon Labs has launched the DeFi-focused Ethereum Layer 2 blockchain Katana in collaboration with crypto market maker GSR, aimed at addressing the issues of on-chain asset fragmentation and unsustainable yields driven by high inflation. Katana employs a centralized screening mechanism, supporting only a few financial applications, and uses the VaultBridge protocol to return user assets to Ethereum's Morpho protocol for low-risk lending, with the earnings returned to Katana to enhance the yield levels of key applications.
With its strategic focus on DeFi optimization and innovative mechanisms, Katana shows strong market prospects and development potential. Its strategy of selecting financial applications effectively concentrates resources, optimizing on-chain liquidity and capital efficiency, which may attract institutions and high-net-worth users seeking stable returns and low-risk investments. In the future, its development will hinge on its ability to continuously attract quality DeFi projects, optimize user experience, and maintain technical stability and security during large-scale adoption. If it can establish a differentiated advantage in the competitive Layer 2 market, Katana is expected to become one of the core infrastructures in the DeFi sector of the Ethereum ecosystem.
Related: US mortgage regulators consider Bitcoin (BTC) amid housing crisis.
Original article: “Robinhood plans to launch Layer 2 blockchain | Circle applies for US bank charter”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
