BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Robinhood Chain’s daily fee revenue has hit a new all-time high of $6 million, defying earlier market expectations that it would struggle to surpass $4.6 million in daily fees. Driven by the recent steady rise in revenue, the chain’s past seven-day annualized revenue now stands at approximately $1.1 billion. Its early activity is primarily fueled by memecoin trading and token issuance activities from platforms including GMGN and Pons.

According to Iran's SNN news agency, an Iranian oil tanker near Kharg Island was struck in a missile attack, with no casualties reported so far. Earlier, another Iranian media outlet Fars News reported that an explosion was heard near Kharg Island, though no smoke or flames were observed in the Gulf, and the exact cause of the blast remains unclear. Kharg Island is critical to Iran's oil industry, accounting for 90% of the country's crude oil exports. Former U.S. President Donald Trump previously threatened to seize the territory.

According to DUNE data, Uniswap’s official burn mechanism destroyed a total of 178,000 UNI tokens yesterday, worth over $1.11 million. Of this amount, Robinhood Chain contributed a single-day burn volume of 144,000 UNI, accounting for more than 80%—far exceeding other chains like Ethereum and Base, and fully highlighting the current booming state of the Robinhood Chain ecosystem. As previously reported by BlockBeats, on July 15, Uniswap launched a governance proposal to extend protocol fee collection and the UNI burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. Per the proposal, protocol fees generated on Robinhood Chain will be deposited into the chain’s TokenJar contract; Searchers can convert these fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.

According to GMGN market data, the token "牛来" has returned to the $100 million market cap threshold, with its current market cap standing at $99.11 million, up over 16% in 24 hours, and 24-hour trading volume reaching $24.7 million.

Insight from Beating AI News: Ant Group’s Lingbao AI has launched the medical health model Ling-3.0-flash-Sante. Built on Ling-3.0-flash with enhanced medical capabilities, the model uses a Mixture of Experts (MoE) architecture, with 124 billion total parameters, only ~5.1 billion of which are activated per token. Key capabilities include medical reasoning, drug safety assessment, evidence-based retrieval, and long-process medical research. In benchmarks released by Lingbao, Sante scored 83.8 on DiagnosisArena-MCQ, outperforming GPT-5.6 Sol (81.9), Kimi K3 (78.4), and Gemini 3.6 Flash (76.2). It notched a 53.9 on MedXpertQA-Text, slightly higher than Kimi K3’s 53.5, though still below GPT-5.6 Sol’s 60.2 and Gemini 3.6 Flash’s 62.4. Notably, the model isn’t limited to excelling at medical multiple-choice questions. Lingbao also tested Sante on BrowseComp, DeepSearchQA, and HLE with tools, focusing on strengthening its ability to "retrieve information independently before answering". Separate tests for medical ethics and safety returned a score of 82.1 on MedEthicAlign and 78.6 on internal security test AFUSAFE-MedSCE. Sante is now integrated with OpenRouter and Vercel, available for free access.

ARK Invest researcher Lorenzo Valente said that after analyzing contract-level data on Robinhood Chain, he believes most of the chain’s current trading activity is likely not driven by new crypto users brought in by Robinhood. Valente noted that the only wallet activity definitively identifiable as coming from Robinhood users is swap transactions executed via Robinhood Wallet through 0x’s Settler contract, which accounts for less than 1% of total activity. Even when including some unidentifiable long-tail transactions, Robinhood user-related trading volume is likely only around 5%. The remaining activity is primarily from trading terminals such as GMGN and OKX, and is largely consistent with the Degen trading behavior these platforms exhibit on other public blockchains. Valente concluded that the current state of Robinhood Chain is more akin to “the same group of Degens, just on a new chain”. Robinhood Chain is an open, permissionless Layer 2 network that allows any EVM-compatible wallet and application to integrate, so on-chain trading activity does not necessarily equate to new Robinhood users.