South Korean stock markets are closed today due to Constitution Day.

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.

U.S. Securities and Exchange Commission (SEC) has formally proposed the new "Regulation E-Delivery", significantly expanding the authority of entities including issuers, broker-dealers, and investment advisers to deliver information electronically. The rule aims to meet disclosure and delivery requirements under federal securities laws, and promote electronic delivery as a more mainstream, flexible option to replace traditional paper-based delivery. SEC Chair Paul Atkins noted that this is another step toward building a modern-era regulatory framework and a key pillar of his agenda since taking office. "In the age of artificial intelligence and blockchain technology, default paper delivery should be a historical relic, not the standard." Earlier, Atkins launched "Project Crypto" to modernize on-chain markets, and the electronic delivery rule aligns with his broader regulatory modernization agenda. The proposal will subsequently enter a public comment period.

According to EmberCN’s monitoring, the address that drained the BONK treasury via a governance attack transferred 1.186 trillion BONK tokens (valued at approximately $4.11 million) to Binance three hours ago. This address spent roughly $4.4 million to acquire enough BONK tokens 10 days ago to meet the governance vote approval threshold, then submitted a governance proposal that was forcibly passed, siphoning 4.426 trillion BONK from the BONK treasury, worth around $21.2 million. On the day of the incident, it had already transferred 40 billion BONK (about $190,000) to OKX, with the remaining tokens held on-chain. As of press time, approximately 3.2 trillion BONK (valued at roughly $10.98 million) still remains from the amount drained from the treasury. The incident has caused BONK’s price to drop by a cumulative 28% since the event.