Morgan Stanley and JPMorgan Chase will provide $50 billion in acquisition financing and serve as advisors for the PayPal acquisition deal.

According to GMGN market data, the meme token Brain (Coinbase Man) on the Base blockchain briefly hit an all-time high market cap of over $19 million, with its current market cap standing at $14 million. The token has seen a nearly 25x price surge in 24 hours, alongside a 24-hour trading volume of $20.6 million. Brain (Coinbase Man) adopts the native B20 token standard rolled out via Base’s Beryl upgrade, and derives its name from Coinbase CEO Brain Armstrong. BlockBeats Note: Meme tokens are highly volatile assets, driven primarily by market sentiment and conceptual hype, with no intrinsic value or practical use cases. Investors are strongly advised to exercise caution.

Per Bitget’s market data, Hong Kong-listed Zhipu plunged 12.14% at the Hong Kong stock market open. Earlier market sources revealed that Zhipu’s Annual Recurring Revenue (ARR) reached $1 billion as of July 2026. Zhipu has yet to respond to the above information.

According to GMGN monitoring, utility token INDEX on Robinhood Chain surged past a $65 million market cap before quickly pulling back, now standing at $26 million. It recorded a swing of over 400% in just half an hour, with a 47% 24-hour gain, and roughly $19.2 million in trading volume over the same period. The INDEX project operates on the mechanism of “holding tokens to earn on-chain stocks”; per community disclosures, it levies a 3% transaction fee, which is used to purchase tokenized stocks on Robinhood Chain and distribute them to token holders. The rally is likely driven by the RWA narrative, a core theme of Robinhood Chain. BlockBeats Note: On-chain token trading is extremely volatile, often dependent on market sentiment and concept hype, with no actual value or practical use cases. Investors should exercise caution.

White House Press Secretary Leavitt stated that Iran remains in dialogue with the United States and hopes to reach an agreement with the U.S., as it is suffering "devastating strikes". Leavitt added that recent U.S. strikes stem from Iran's violation of the memorandum of understanding. (CCTV)

According to GMGN market data, the on-chain meme token TENDIES on Robinhood’s chain saw its market cap break through $31 million this morning, hitting an all-time high. Its current market cap stands at $17 million, with a 112% 24-hour gain and $16.4 million in 24-hour trading volume. TENDIES originates from the internet meme "tendies" (slang for chicken nuggets) popular among US retail investors and the Reddit community, representing the grassroots victory of "ordinary people making money and going home to celebrate with chicken nuggets". BlockBeats Note: Meme coin trading is highly volatile, mostly driven by market sentiment and concept hype, with no actual value or use cases. Investors should exercise caution regarding risks.

PayPal’s board of directors considers the $53 billion (valued at $60.50 per share) acquisition proposal jointly put forward by Stripe and private equity firm Advent International as undervaluing the company. The board has raised concerns over regulatory approval risks and financing certainty, and has not formally responded to the proposal. It believes that if management successfully executes its ongoing transformation strategy, PayPal’s future potential value will far exceed the current offer. Meanwhile, the bidders have secured approximately $50 billion in financing support from JPMorgan Chase and Morgan Stanley, with Stripe and Advent contributing a total of $17 billion in equity. It is understood that if the deal encounters antitrust obstacles, the parties may consider divesting assets including PayPal’s Braintree unit to Advent. Despite the differences, Stripe and Advent are still regarded as the most sincere potential buyers, and negotiations are expected to continue for some time. PayPal will release its quarterly earnings report on July 28, and the market will closely monitor the growth of its core checkout business.