CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

Lookonchain’s weekly on-chain report for July 6–12 shows that total stablecoin supply rose by approximately $121 million last week, turning from negative to positive. Spot trading volume on decentralized exchanges (DEXs) saw a slight rebound, while perpetual contract trading volume continued to slow. Additionally, seven companies collectively reduced their BTC holdings by 909.3 tokens, worth around $56.96 million last week. Strategy made no net additions or reductions to its BTC holdings over the week, while Bitmine continued to accumulate 27,801 ETH, valued at roughly $49.12 million.

Per Bit.com market data, SK Hynix’s drop once widened to 9.9%, hitting an intraday low.

According to a report from AXIOS, Trump announced on Monday that the United States is resuming its maritime blockade on Iran and will block all vessels from entering or leaving Iranian ports. He also claimed the U.S. will charge a "20% fee" for ensuring the safe passage of cargo ships, though the details and seriousness of this initiative remain unclear. The newly resumed maritime blockade has not yet taken effect, as U.S. law requires a 24-hour advance notice to shipowners. A U.S. official stated that U.S. Central Command will announce the specific time later on Monday.

Data from Token Terminal shows that while DeFi’s overall Total Value Locked (TVL) has fallen by roughly 42% over the past 365 days, USDC deposits on lending protocol Morpho have defied the trend, growing by around 86% to reach approximately $2.8 billion. The data indicates that amid the broader slowdown in DeFi growth, capital is continuing to flow toward on-chain lending protocols represented by Morpho, reflecting sustained market demand for USDC yield-generating lending products.

Robinhood’s Ethereum Layer2 network, Robinhood Chain, launched on July 1, has seen its total value locked (TVL) rise to roughly $135 million in less than two weeks since going live. The chain now has nearly 800,000 cumulative active addresses and 3.6 million daily transactions, ranking it among the most active new public blockchains in the crypto market. However, its actual on-chain use has deviated significantly from its original positioning as a platform for tokenized stocks. Currently, the scale of tokenized real-world assets (RWA) on the chain is only around $12.81 million, of which tokenized stocks account for approximately $10.68 million. Meanwhile, CASHCAT, a meme coin named after Robinhood’s former mascot, has surged 2158% over the past seven days, boasting a market cap of $156 million — far exceeding the chain’s RWA scale and spawning a wave of Robinhood-themed meme coins. Data shows Robinhood Chain’s current stablecoin market cap is about $299 million, with USDG (co-issued by Robinhood) making up roughly $200 million. Robinhood CEO Vlad Tenev previously noted that the firm’s long-term goal remains building RWA infrastructure, though he also admitted “this chain is also very suitable for meme coin trading.”

According to Bit.com market data, SpaceX (NASDAQ: SPCX) shares have declined for the second consecutive trading day, further approaching its IPO price of roughly $135, and have also fallen below the $150 opening price from its June 12 debut. Last week, SpaceX was added to the Nasdaq 100 Index, prompting passive funds tracking the index to complete their allocations. However, after a rapid rally in the early period following its listing, the stock has entered a correction phase recently. The Nasdaq had earlier revised its index inclusion rules to allow newly listed companies to be added within as little as one month of going public, which enabled SpaceX to join the Nasdaq 100 swiftly.