Hyperliquid burned 9,730 HYPE tokens over the past 24 hours, worth approximately $829,500.

According to GMGN market data, PAIR, the native token of pair.fund — Robinhood’s token issuance platform — has a market capitalization surpassing $31 million, with a 24-hour increase of 240%. It is currently trading at $18 million, with a trading volume of $12 million over the same period. BlockBeats reminds users that related tokens exhibit high price volatility, so investors should exercise caution when investing.

BNB Chain’s Executive Director of Growth Nina Rong stated that regarding the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Toly over Robinhood Chain’s fee model, she wants to underscore one key point: further reducing gas fees is no longer the top priority for the blockchain industry. The real priority for all public chains today is to develop a sustainable business model and reinvest proceeds into technology and growth. This model could take the form of gas fees, revenue sharing, or other commercial partnerships. Over the past five years, blockchain foundations have largely been associated with two core activities: issuing grants and making investments, as well as cutting gas fees. To sustain the industry for another five years, blockchain companies must have robust business structures.

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.