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Robinhood’s Q2 Revenue Hits Record $1.31B as Prediction Markets Fuel 10x Surge in Event Contracts
Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset a sharp decline in crypto income. The company’s transaction-based revenue jumped 44% to $776 million during the quarter. Event contracts emerged as one of its fastest-growing businesses. In fact, revenue from event contracts reached $156 million, more than 10 times higher than a year earlier. The number of contracts traded also surged more than 10x to a record 13.6 billion. Prediction Markets Steal the Spotlight Speaking about the growth of prediction markets, Chairman and CEO Vlad Tenev said that the space has grown steadily since March and expects the momentum to continue. Robinhood launched Rothera, a CFTC-licensed exchange and clearinghouse, in June through its joint venture with Susquehanna International Group. The company said more than 3.5 billion event contracts had been traded to date. Meanwhile, options remained another major contributor, generating $342 million in revenue. This figure was up by 29% year-over-year. Equities revenue climbed even more sharply, rising 95% to $129 million as equity notional trading volumes reached a record $956 billion, an 85% increase from the same period last year. The strong performance across these businesses came despite weaker cryptocurrency activity. Robinhood’s crypto revenue fell 38% year-over-year to $100 million, while crypto notional trading volume stood at $40 billion, including $18 billion from its app and $22 billion from Bitstamp. Global Push The online brokerage is pushing deeper into blockchain and digital assets internationally. It unveiled the public mainnet for Robinhood Chain, an Ethereum Layer 2 network designed for financial services and real-world assets, while also announcing stock tokens for eligible users in more than 120 countries. In May, it launched Agentic Trading, which allows customers to use AI-powered agents to trade equities, options, and crypto. Nearly 100,000 customers have opened Agentic Trading accounts so far, with more than $100 million in assets under custody. During the quarter, the company expanded its international footprint by closing its acquisition of WonderFi, a Canadian digital asset products and services platform. The move marked its official entry into the Canadian market. Tenev also pointed to the broader expansion strategy, saying “Whether it’s the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner. Broad ownership is essential to a free, stable, and prosperous society.” The post Robinhood’s Q2 Revenue Hits Record $1.31B as Prediction Markets Fuel 10x Surge in Event Contracts appeared first on CryptoPotato .
cryptopotato
More News
Ethereum trades at $1,870 as whale adds $14.9 million in new accumulation
🚨 Whale wallet 0x2684 bought 7,919 ETH worth $14.9 million in a fresh $ETH accumulation. 📈 Ethereum trades above support at $1,870, with bullish momentum after a breakout. 🔍 The whale's holdings now total 74,265 ETH and 1,050 WBTC purchased since June 30. ⏳ Institutions and traders are closely watching if $ETH can maintain this momentum. Continue Reading: Ethereum trades at $1,870 as whale adds $14.9 million in new accumulation The post Ethereum trades at $1,870 as whale adds $14.9 million in new accumulation appeared first on COINTURK NEWS .
cointurken
HIVE Exec: AI GPUs Earn 10x More per Hour Than Mining Rigs
HIVE Executive Chairman Frank Holmes said the firm’s AI compute GPUs are generating far more revenue per hour than its bitcoin mining rigs, as the company’s fiscal 2026 revenue surged 158% to $297.8 million. The Math Behind the 10x Claim Holmes laid out the comparison during the Roundtable 100 series earlier this week, arguing that
bitcoin.com
Hinkal privacy protocol exploited for $820,000 as attacker funnels stolen funds through Tornado Cash
On July 3, 2026, attackers stole about $830,000 USDC from Hinkal, an on-chain privacy protocol, and used mixing and bridging services to move the stolen cryptocurrency within hours of the exploit. The breach compounds a difficult stretch for DeFi privacy infrastructure. According to data from DeFiLlama , Hinkal had only $829,000 total value locked (TVL) across five blockchains at the time of the attack, so almost all assets owned by the protocol were removed. Attacker drains Hinkal through proofless deposit flaw The attack was flagged by blockchain security firm CertiK. It was found that the hacker was using an externally owned account, with address 0xbB3f01a1b1C68F3DEB36C55342b5F5706c32fc20, and executing a number of “Transact” calls after performing what CertiK termed a “proofless deposit” to one of Hinkal’s smart contracts. CertiK reported on X that the hacker was able to drain over $800,000 from Hinkal. We have detected suspicious transactions involving @hinkal_protocol. The EOA 0xbB3f01a1b1C68F3DEB36C55342b5F5706c32fc20 conducted multiple “Transact” transactions following a “Proofless Deposit” to drain a Hinkal contract of ~$800K USDC. Stay Vigilant! PeckShield stated that the actual amount of cryptocurrency lost by Hinkal was approximately $820,000 based on an analysis by Specter, an on-chain investigator. The hacker moved quickly to hide the criminal activity. CertiK’s follow-up analysis showed that the hacker was able to convert the stolen USDC into Ethereum (ETH). The hacker deposited 410 ETH (approximately $700,000) into Tornado Cash, the well-known Ethereum mixer that is now under sanction by the US government, and 44.67 ETH was reversed from the Ethereum blockchain to the Bitcoin blockchain through Thorchain, ending at a Bitcoin address that began with bc1qr2sf, according to PeckShield . The use of Tornado Cash and cross-chain bridges to convert USDC into Bitcoin is a pattern of money laundering that has been observed by anti-fraud organizations during other DeFi monetization hacks that occurred over the past year. A research article published at the ACM Web Conference 2026 demonstrated that sanctioned cryptocurrency mixers continue to provide anonymity for laundered funds despite increased pressure from governmental regulators to stop doing this. CertiK has also stated in a research report that Tornado Cash usage has changed since sanctions were imposed by the US government. However, the protocol is continually used by hackers and criminals in the same manner that law-abiding individuals who value their privacy use them, making it difficult for law enforcement and anti-money laundering organizations to identify criminal activity taking place within decentralized privacy infrastructure. What Hinkal does Hinkal has branded itself as an institutional-grade privacy layer for on-chain transactions. The protocol allow users to create shielded addresses and execute swaps, transfers, and payments without revealing the details of the wallet’s balance or who they are making trades with, on a public blockchain. The protocol works on Ethereum, Arbitrum, Base, Polygon, and OP Mainnet. The protocol raised $5.5 million through seed & strategic fundraising rounds from the following investors: Draper Associates, Quantstamp, and NGC Ventures, according to DefiLlama. Hinkal announced on the day before the hack that they had entered into a partnership with Turnkey, a provider of wallet infrastructure, to offer Turnkey users privacy features. Exploit wipes out nearly all Hinkal’s TVL Compared to other DeFi type attacks we’ve seen in the news, this attack resulted in a relatively small amount of funds stolen ($820,000). However, when compared to the overall value of the protocol ($829,000), the loss of such a large portion of the total value of the protocol means that users have essentially lost their deposits. Additionally, this type of attack on a DeFi protocol focused on the privacy of their users raises serious questions about how secure these DeFi protocols are when it comes to implementing security measures for their smart contracts that process confidential transactions for their customers. Hinkal’s closest competitors by TVL include Tornado Cash ($440 million), Railgun ($77.5 million), and Privacy Pools ($7.8 million), per DefiLlama. At its pre-exploit TVL, Hinkal sat near the bottom of the privacy protocol rankings. As of publication, Hinkal had not posted a public response to the exploit on its official X account or website. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
cryptopolitan
Every Setup Says Dogecoin Is Due a Big Rally: One Barrier Could Trigger the Next Leg Higher
Dogecoin is trading around $0.074 after recovering from recent lows, yet it remains below a key resistance area. That ceiling has become the market’s main focus. Crack it, and sentiment could shift quickly; miss it, and we may face another round of sideways action. DOGE is tightening beneath resistance, a pattern that often comes before a stronger move. If buyers push through and hold the breakout, the next technical target sits near $0.1172. Meanwhile, Javon Marks sees a much bigger picture. His cycle analysis points to a potential target at $1.25, and even above $1.80 if past market patterns repeat. That’s an ambitious roadmap, but it starts with clearing the same resistance first. Watching $DOGE as a payment currency. It's the underdog, literally. Not buying yet, but keeping it on my radar. Community-driven value might outlast the hype. #DOGE #Dogecoin pic.twitter.com/cAoJsvS5F8 — Sydney TheCMO (@SydneyThecmo) July 2, 2026 Still, charts cannot do all the heavy lifting. Stronger market liquidity and steady buying demand must back any breakout. Until then, the bullish case remains promising, though it is still waiting for its starting gun. Discover: The Best Crypto to Diversify Your Portfolio Can Dogecoin Price Reclaim $0.11 and Set Up a Run Toward $0.12? Dogecoin has dropped from about $0.117 in January to $0.074 today, after sliding below $0.07 late in June. Since then, buyers have stepped in, although the price remains stuck in a narrow range as the chart suggests consolidation rather than a decisive trend change. Attention now shifts to the $0.09-$0.11 zone, where DOGE previously found strong demand. A move above $0.11 could open the door to a retest of $0.117. Even so, that breakout still needs convincing trading volume to avoid turning into another false start. Dogecoin (DOGE) 24h 7d 30d 1y All time The most likely outcome is continued sideways trading between $0.07 and $0.10 while the market searches for direction. If buyers regain control above $0.11, momentum could improve quickly. On the other hand, a drop below the late-June low near $0.069 would weaken the recovery setup. Dogecoin still adds about five billion new tokens each year, although the inflation rate gradually declines as supply grows. Merchant adoption has improved over time, but that alone has not been enough to offset weak demand during cautious market conditions. In short, the chart can open the door, but the market still has to walk through it. Discover: The Best Token Presales Maxi Doge Targets Early-Mover Upside as DOGE Tests Key Levels Dogecoin’s breakout potential is compelling, but at its current market cap, the math on a 10x return is a different conversation than it was in 2021. Traders who want asymmetric exposure to meme coin momentum, without waiting on a $0.11 reclaim that may or may not materialize, are rotating into earlier-stage plays where the entry price still reflects genuine speculation rather than priced-in hope. Maxi Doge ($MAXI) is one such play. Built on Ethereum as a meme token engineered around a 1000x leverage trading mentality, it has raised $4.8 million in presale at a current price of $0.0002827 , and dynamic staking APY is live for presale participants. Play the game. Roll the dice. In it for the thrill dawg. pic.twitter.com/rV7AabMdWf — MaxiDoge (@MaxiDoge_) June 25, 2026 The project runs holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury allocated to liquidity and partnerships, and a community culture built around what it calls “gym-bro” viral marketing. It’s a loud, repeatable, and sticky in the same way early DOGE humor was. Research Maxi Doge here. Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit The post Every Setup Says Dogecoin Is Due a Big Rally: One Barrier Could Trigger the Next Leg Higher appeared first on Cryptonews .
cryptonews
Standard Chartered Sets $60 Morpho (MORPHO) Price Target for 2030
MORPHO News Standard Chartered has initiated formal research coverage of Morpho (MORPHO), the decentralized lending protocol, and set a 2030 price target of $60 — implying roughly 30x upside from c...
coinotag
Adin Ross Hits 9,990x Max Win on Rainbet Slot During World Cup Stream
Kick streamer Adin Ross landed the top multiplier on a World Cup-themed crypto-casino slot during a stream on Rainbet, the latest high-profile influencer wager to circulate as the tournament drives football-themed gambling content. A max-win clip rides World Cup interest Adin Ross triggered the top 9,990x multiplier on BGaming’s “Lucky Pack: 2026 Cup” slot during
bitcoin.com
Years In The Making: Why The Bitcoin Price Is Headed To $220,000
Bitcoin has been forming a pattern for years now, and even with the uncertain price movements, this pattern has now finally be completed. This was explained by crypto analyst Bitcoin Teddy on the X social media platform, showing this pattern, how it was formed, and what the implications are for this formation on the Bitcoin price. The Mid-Year Cup And Handle Pattern That Was Years In The Making In the post, the crypto analyst pointed out that the Bitcoin price has completed a Cup and Handle pattern formation. Unlike some Cup And Handle patterns that are formed in a relatively short time, the analyst says this one has actually been forming for years, and now it’s finally ready to play out. Related Reading: Dogecoin Could Rally 300x And Cross $20, Analyst Claims This pattern was completed with the most recent Bitcoin retest of the $60,000 support. This support was broken briefly, but the price quickly recovered. What this suggests is the formation of the handle part of the pattern after the cup was completed over the years. To put this in perspective, the crypto analyst explained that three things needed to happen. These include the breakout, the retest, and a structure confirmation. The breakout was completed when the price recovered. Then, when the price crashed below $60,000, the retest was done. Now, the confirmation is in place as the Bitcoin price has begun to move upward again. What comes next is even more important since the completion of a Cup and Handle pattern has historically been a precursor to a bull trend. Related Reading: XRP Pundit Says Pay Attention To This Pattern That Everyone Is Missing As the analyst explains, the resulting price surge will not be something like a 20% breakout or so. Historically, a breakout from this pattern would see the price rise multiples of where it was when the pattern was finally confirmed. In this case, the resulting breakout is expected to send the Bitcoin price to new all-time highs. The minimum target placed with the analysis puts the top of this trend at $220,000, which would mean an almost 300% move from where the Bitcoin price is currently trading. What this means is that $220,000 could only be the start of this move if the momentum builds much higher than expected. Featured image from Dall.E, chart from TradingView.com
newsbtc
Attacker drains $1.58M from Token of Power pool via Aragon DAO governance exploit
An attacker has exploited a governance misconfiguration in the Token of Power (TOP) Aragon DAO. They reportedly used majority voting power to mint tokens and drain roughly 944 WETH, which is worth around $1.58 million, from a Balancer V1 liquidity pool on Ethereum. Various blockchain security firms flagged the incident, relying on the effective vector, which showed that TOP’s total token supply was just 16,384 tokens, and the attacker held slightly more than half of them. How did the TOP token exploit work? TOP is a MiniMeToken governed through Aragon’s voting infrastructure. According to Blockaid’s analysis , the attacker accumulated 8,192.000001 TOP, and this was more than enough to help them to clear the 50% threshold needed to pass governance proposals unilaterally. As a result of the Aragon Voting app on TOP’s DAO having no timelock, the attacker was able to create a proposal, vote it through, and execute it within a single transaction. BlockSec Phalcon confirmed that the passed proposal minted a large quantity of new TOP tokens to the attacker’s address. The attacker then used those freshly minted tokens to drain the TOP/WETH Balancer V1 BPool, extracting 944.2 WETH. It was noted that Balancer’s protocol was not itself vulnerable. The pool was simply the place where the attacker converted inflated TOP holdings into WETH. How did the attacker move the funds? The attacker’s wallet, 0xff8eF7bC455a57e5893232203052Ce0232b39Fa2, was funded through Tornado Cash . The exploit was executed in a single transaction through a dedicated contract, per Blockaid’s on-chain breakdown. A textbook governance-takeover scenario The root cause of the exploit was not a smart contract bug in the traditional sense. TOP’s token has a relatively small supply and low market capitalization, which made acquiring a controlling stake cheap. When that was combined with Aragon’s voting configuration, which allows same-block proposal creation, voting, and execution, the attacker faced no major barrier between gaining majority power and draining funds. Aragon’s own documentation on DAO security highlights access controls and the importance of restricting who can call sensitive functions on smart contracts. In that same documentation, the organization stated that onchain functions are accessible by all by default and that authorized access “must be restricted to authorized addresses” when token minting or fund movements are involved. However, TOP’s configuration did not enforce a timelock or quorum delay that could have given other token holders time to react. What to watch Neither the Token of Power team nor Aragon has issued any statement concerning the exploit as of publication. While the stolen WETH is still traceable onchain, the Tornado Cash funding of the attacker’s wallet complicates recovery prospects. The incident is a reminder that governance parameters (timelocks, quorum thresholds, proposal delays) are not optional safety features for low-supply tokens with meaningful treasury exposure. If you're reading this, you’re already ahead. Stay there with our newsletter .
cryptopolitan
Strategy Sold Bitcoin, Now Metaplanet Is Down 47% — Who Sells Next?
Metaplanet, Japan’s largest publicly traded Bitcoin treasury company, is considering a share repurchase program to defend and maximize its Bitcoin yield per share — a capital allocation mechanism that automatically activates when the company’s market value drops below the value of its Bitcoin holdings, a threshold it crossed in the past 24 hours as Bitcoin’s price decline pushed its market-to-net asset value ratio to 0.90. Related Reading: Hoskinson Claims Cardano Can Surpass Bitcoin By Solving Crypto’s Trust Problem In a post on X, Metaplanet CEO and Representative Director Simon Gerovich reaffirmed that BTC Yield — the company’s primary key performance indicator, measuring the rate of growth in Bitcoin held per diluted share — remains the central lens through which all capital allocation decisions are evaluated. Gerovich referenced the company’s established capital allocation policy directly: “When mNAV is below 1.0x we will strongly consider repurchasing common shares to maximize BTC Yield, and the lower the mNAV, the greater the potential accretion,” per the policy document accompanying the post. Why mNAV Below 1.0x Changes The Calculus The logic behind Metaplanet’s buyback trigger is precise and counterintuitive to traditional equity investors. When the company’s market capitalization trades at a discount to the Bitcoin it holds — meaning each share can be purchased for less than the BTC it represents — buying back shares is mathematically equivalent to acquiring additional Bitcoin at a discount to spot. Each share retired at 0.90x mNAV increases the Bitcoin per share ratio for remaining shareholders without requiring a single new coin to be purchased, per the capital allocation policy as cited by Gerovich. Metaplanet’s BTC Yield metric, as described in its Q1 2026 report, is a self-defined measure of how effectively the company accumulates Bitcoin relative to its share base — distinct from interest rates or staking returns. The company reported a 2.8% BTC Yield for Q1 2026, per Yahoo Finance’s coverage of the quarterly results. A share buyback at current mNAV levels would accelerate that figure materially. The Company’s Position And The Broader Context Metaplanet currently holds approximately 40,177 BTC — acquired for approximately $4.18 billion at an average cost basis of $104,106 per coin — making it the third-largest publicly traded corporate Bitcoin holder globally, trailing only Strategy and Twenty One Capital. The company’s ambitious “555 Million Plan” targets 100,000 BTC by year-end and 210,000 BTC by 2027 — a goal requiring roughly $10 billion in additional capital at current prices. Metaplanet stock closed 2.95% higher at 244 yen on June 9 following Gerovich’s post, recovering from intraday lows despite the broader Bitcoin market weakness. The stock has fallen approximately 47% year-to-date and 30% over the past month, per Coingape’s tracking of the Tokyo-listed shares — declines that, under Metaplanet’s own framework, paradoxically create the conditions for the most accretive buybacks the company could execute. Related Reading: Bitcoin Is Going According To Plan: Analyst Who Predicted $59,000 Reveals What’s Next This development marks a pivotal and revealing moment for the nascent sector’s Bitcoin treasury model. A company whose stock price declines create automatic incentives to buy back shares — each repurchase mechanically increasing Bitcoin per share — has engineered a capital structure where market weakness feeds directly into long-term holder value. Whether the mNAV trigger translates into executed buybacks in the coming sessions will depend on Metaplanet’s available liquidity and the trajectory of Bitcoin’s price recovery. Cover image from Grok, BTCUSD chart from Tradingview
bitcoinist

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Categories
Blockchain Capital PortfolioCoinbase Ventures PortfolioDecentralized Exchange (DEX)Decentralized Finance (DeFi)Ethereum EcosystemExchange-based TokensGMCI DeFi IndexGMCI IndexGovernanceMade in USAPantera Capital Portfolio
Date
Market Cap
Volume
Close
August 05, 2026
$67.06M
$4.28M
---
August 05, 2026
$67.56M
$5.96M
---
August 04, 2026
$67.98M
$7.28M
$0.0801
August 03, 2026
$66.33M
$5.05M
$0.0782
August 02, 2026
$66.36M
$4.95M
$0.0782
August 01, 2026
$66.93M
$5.09M
$0.0789
July 31, 2026
$66.61M
$4.33M
$0.0785
July 30, 2026
$65.8M
$5.91M
$0.0776
July 29, 2026
$69.16M
$7.27M
$0.0815
July 28, 2026
$67.56M
$5M
$0.0796
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