Robinhood Goes Onchain

• Robinhood opens its Robinhood Chain L2
• Avalanche Treasury DAT warns the SEC it may not survive
• Cosmos Labs Acquires Mintscan and Team (Partner)
• Supreme Court clears Trump to fire SEC and CFTC commissioners
• Circle's Allaire defends USDC's network effects after stock slide
• Cloudflare opens a stablecoin monetization gateway over x402
• Inside DTCC's Move to Stellar (Partner)

Robinhood opened its Arbitrum-based Robinhood Chain to the public at a London keynote, launching stock tokens, a Morpho-powered lending product, and agentic crypto trading, with expansions confirmed in Canada, Singapore, and the UK. The brokerage is turning its retail user base into an onchain distribution channel that rival L2s cannot easily match.

Read more below!

PARTNER

Sponsor an issue →

WATCH

Saylor Selling BTC: Strategy Lifeline, or Betrayal?

With MSTR down roughly 30% on the week and Strategy authorizing Bitcoin sales to cover its preferred dividends, Scott Melker and Kaleo join Camila Russo to debate whether this is disciplined capital management or the first real crack in the Bitcoin treasury model.

PARTNER

Why Wall Street's Biggest Traders Are Abandoning Crypto for Prediction Markets — Alex Momot, Peanut TradeA Defiant Voices sit-down with Peanut Trade's Alex Momot on why the world's biggest market makers are piling into prediction markets.▶ Watch on YouTube

The Wallet That Hides Your Crypto From Hackers — Bron Wallet Full DemoA full walkthrough of Bron, a self-custody wallet built to keep your holdings private — even from itself.▶ Watch on YouTube

BLOCKCHAINS

Robinhood Launches Robinhood Chain Mainnet, Adds Stock Tokens, Onchain Lending, and Agentic Crypto Trading

Robinhood opened its Arbitrum-based Robinhood Chain to the public at a London keynote, rolling out new stock tokens, a Morpho-powered lending product, and agentic crypto trading. The firm also confirmed launches in Canada and Singapore and plans for crypto trading in the UK.

Why this matters: Robinhood is turning its brokerage into an onchain venue and shipping the full stack at once. Distribution to millions of retail users is the moat rival L2s cannot copy.

BLOCKCHAINS

Avalanche Treasury Corp Stock Crashes 93%, Warns SEC It May Not Survive the Year

Avalanche Treasury Corp told the SEC its ability to continue as a going concern is in doubt after its Nasdaq-listed stock lost 93% of its value in a month, with its AVAX position now worth less than half of what it paid.

Why this matters: The digital-asset-treasury trade cuts both ways. When the token falls faster than the premium, the vehicle built to amplify it amplifies the losses.

REGULATION

Supreme Court Overturns Humphrey's Executor, Clearing Trump to Fire SEC and CFTC Commissioners

The Supreme Court ruled 6-3 in Trump v. Slaughter that presidents can remove independent-agency commissioners without cause, overturning the 91-year-old Humphrey's Executor precedent. The decision reaches the SEC and CFTC, whose leaders can now be replaced mid-term, and arrives as the CLARITY Act moves toward a floor vote that would expand both agencies' authority over digital assets.

Why this matters: Crypto's rulemakers are now politically removable. Whatever CLARITY hands the SEC and CFTC can be steered — or reversed — by whoever holds the White House.

MARKETS

Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide

Circle CEO Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, defending USDC two days after the launch of the Open USD consortium sent Circle's stock down more than 17% in a single session.

Why this matters: The market is pricing OUSD as a real threat to Circle's moat. Allaire's answer is that distribution and trust compound too slowly for a consortium to shortcut.

DEFI

Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402

Cloudflare opened a waitlist for its Monetization Gateway, letting customers charge for web pages, datasets, APIs, or MCP tools with payments settling in stablecoins over the x402 protocol. Former Syndicate founder Will Papper joined to lead the Agent Payments effort.

Why this matters: A top-tier internet backbone putting stablecoin paywalls on APIs and AI tools is how machine-to-machine payments reach real volume. x402 just got its largest distribution partner.

Other Stories Worth Your Time

Ethereum Institutional Launches as Independent Nonprofit to Court Banks and Asset Managers — a new nonprofit backed by BitMine, SharpLink, and Joseph Lubin spun the Ethereum Foundation's institutional-outreach work into an independent group, the second such steward the three have funded in ten days as the Foundation shrinks.

Your AI Knows Everything About You. ZetaChain Bets on Private AI (Partner) — model lock-in keeps hundreds of millions of users tied to platforms that train on their data, and ZetaChain is building an exit ramp: infrastructure for private, user-controlled AI that doesn't require surrendering your information.

MGUSD, Explained: How MoneyGram Built a Stablecoin Around Distribution (Partner) — MoneyGram built MGUSD on Stellar around the asset it already owns: a global cash-in/cash-out network, aiming to make cross-border payouts instant and programmable instead of leaving customers waiting up to 10 days for a refund.

New York Life Partners with Centrifuge on Tokenized Corporate Bonds — New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the USDC-settled NYLIM Anemoy fund.

Chinese Exile Miles Guo Sentenced to 30 Years for $1B Crypto Fraud Scheme — a federal judge sentenced Chinese exile Miles Guo to 30 years and ordered him to forfeit $889 million after a jury convicted him of a $1 billion scheme run partly through the fake Himalaya Coin.

Solana Launches Onchain Governance With Stake-Weighted Voting for Validators — the Solana Foundation turned on onchain governance, letting validators with at least 100,000 SOL delegated open proposals that go to a stake-weighted vote once they clear 15% cluster support.

Trending on The Defiant

World Launches Onchain Prediction Market on Solana Through PhantomDEFI

Venice Raises $65M Series A at $1B Valuation Led by DragonflyMARKETS

ENS Community Member Proposes Dissolving DAO After Founder Blocks Security Council RenewalNFTS-AND-WEB3

SEC Opens 60-Day Comment Period on 'Novel' ETF Rules as Prediction Market Funds Pile UpREGULATION

Drift Protocol Rebrands to Velocity DEX Ahead of RelaunchDEFI