The altcoin market continues to strengthen, with the sector posting a broad-based rally.

According to GMGN market data, Solana-based meme coin Stonks has exceeded $100 million in market capitalization, currently standing at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investment caution is advised.

According to GMGN market data, the Robinhood ecosystem meme coin WALLET saw its market cap surge past $31 million this morning, hitting an all-time high before pulling back to $24 million. It has rallied 34.2% in the past 24 hours, with trading volume reaching $1.4 million over the same period. The token was launched via Noxa on July 10, and its deployer wallet is linked to funds from Robinhood CEO Vlad Tenev’s demo wallet and interactions with product manager Seong Lee. BlockBeats reminds users: Most meme coins have no real use cases and are highly volatile. Please protect your assets and avoid FOMO.

The public relations department of Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a statement that day, saying the IRGC Air Force launched multiple ballistic missiles to strike a U.S. aircraft carrier and a destroyer. The targeted U.S. warships had participated in maritime blockade operations against Iran and interfered with Iranian vessels. The statement added that the two U.S. warships were forced to withdraw from the conflict zone after sustaining losses. (Xinhua) Today, conflicts persist across multiple regions in the Middle East, with the U.S. military and IRGC sinking each other’s oil tankers. U.S. Central Command (CENTCOM) confirmed it sank three IRGC oil tankers, while Iran claimed it struck three U.S.-linked vessels and three oil tankers, disrupting shipping in the Strait of Hormuz.

Arbitrum founder Steven Goldfeder and Solana co-founder Toly have clashed over the fee model of Robinhood Chain. As an Ethereum layer-2 built on Arbitrum Orbit, Robinhood Chain allocates 10% of its net protocol revenue to the Arbitrum ecosystem: 8% to the DAO treasury and 2% to the development fund, with Robinhood retaining roughly 90% for itself. Recently, fees on Robinhood Chain have surged, with average per-transaction gas hitting around $0.4 at one point, and daily fees reaching millions of dollars—far higher than Solana’s typical ultra-low transaction costs. Solana co-founder Toly argues that the 10% split paid to Arbitrum is more than four times the equivalent transaction cost on Solana. If Robinhood Chain had been built on Solana, Robinhood could have offered users full gas waivers. Toly claims frontends should profit from their own apps, not from "network congestion-driven price hikes" on the underlying layer, calling Robinhood Chain’s model "brain dead." He asked Goldfeder: Why shouldn’t apps charge users directly? Does scaling and reducing congestion have to come at the cost of revenue? Arbitrum co-founder Steven Goldfeder countered that Toly’s view is "way off base." On Arbitrum, Robinhood keeps 90% of gas fees; on Solana, base layer fees go to validators or the network, so Robinhood would retain zero—meaning it would have to cover full gas waivers out of its own pocket. Goldfeder said Robinhood chose Arbitrum to act as a "landlord" rather than a "tenant," controlling its sequencer and keeping most fees for itself.

According to official data, Hyperliquid bought and burned 9,730 HYPE tokens at an average price of $85.27 over the past 24 hours, worth approximately $829,500. As of press time, Hyperliquid has cumulatively burned 48.42 million HYPE tokens, valued at around $4.14 billion at current prices, accounting for roughly 4.84% of its maximum supply.

According to Lookonchain’s monitoring, whale address 0x6750 purchased 174,826 HYPE tokens approximately 8 hours ago, valued at around $15.01 million, and has staked all of them.