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Robinhood Chain's stablecoin size grew by 155% in 7 days, accounting for over 90% of the chain's total value (TVS).
According to BlockBeats, on July 8th, the Robinhood Chain stablecoin's assets under management grew by 155% over the past 7 days, reaching $246.97 million. Currently, stablecoins account for 93% of the chain's total value secured (TVS) of $266.35 million, while the network's total locked value increased by 172% during the same period. Data shows that of the $266.35 million in assets on the Robinhood Chain, approximately $212.5 million is natively issued assets, while another $53.85 million was transferred in via cross-chain bridges over the past week.
All three major U.S. stock indexes closed lower, with HOOD falling more than 3.62%.
PANews reported on July 8th that, according to Bybit data, all three major U.S. stock indexes closed lower: the Dow Jones Industrial Average fell 0.40%, the Nasdaq Composite fell 1.80%, and the S&P 500 fell 0.60%. Cryptocurrency stocks generally declined, with COIN (Coinbase) falling 3.51% and HOOD (Robinhood) falling 3.62%.
All three major U.S. stock indexes closed higher, with HOOD rising over 4.92%.
PANews reported on July 7th that, according to Bybit data, the three major U.S. stock indexes all closed higher, with the Dow Jones Industrial Average up 0.43%, the Nasdaq Composite up 0.20%, and the S&P 500 up 0.51%. Cryptocurrency stocks generally rose, with COIN (Coinbase) up 1.97% and HOOD (Robinhood) up 4.92%.
Coinbase launches perpetual contract trading competition in India with a top prize pool of 350,000 USDC.
PANews reported on July 8th that Coinbase has launched the "Coinbase Champions Cup: India" perpetual contract trading competition in India, with a total prize pool of up to approximately 350,000 USDC (approximately 330 million rupees). The prize pool will be unlocked in tiers based on the cumulative perpetual contract trading volume of all participating users; the current prize pool is 50,000 USDC. Participants must be legal residents of India, at least 18 years old, have opened a Coinbase Advanced perpetual contract account, and complete at least 100 USDC of trading volume in the designated competition account.
The Coinbase Bitcoin Premium Index has recorded a negative premium for 50 consecutive days, setting a new record for the longest streak in history.
PANews reported on July 8th that, according to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium territory for 50 consecutive days, setting a new record for the longest such streak, with the latest value at -0.0696%. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium typically reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.
Coinbase will suspend trading in IDEX, LRC, OMNI, PIRATE, and FIS on August 8th.
PANews reported on July 8th that, according to an official announcement, Coinbase will suspend trading of IDEX (IDEX), Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and StaFi (FIS) on Coinbase Exchange and Coinbase Prime around 02:00 (UTC+8) on August 8th, 2026. The order books have been moved to limit order mode, where limit orders can be placed and cancelled, and matching may occur. Funds in the aforementioned assets will remain accessible, and users can continue to withdraw funds.