Morning Minute: Vanguard Hires 'Head of Digital Assets' in Crypto Capitulation
Crypto majors fall as the U.S. strikes Iran, ending the ceasefire. Vanguard opens its doors. And a meme coin frenzy erupts on Robinhood chain.
BitcoinEthereumNews·
The post Shiba Inu Burns 117 Million SHIB in Largest Single-Day Destruction in Six Months appeared on BitcoinEthereumNews.com. SHIB News Shiba Inu’s community permanently removed more than 117 million SHIB tokens from circulation on July 8, the largest single-day burn recorded in six months. On-chain data shows the tokens were routed to a dead wallet, a one-way address from which they can never be recovered. A single wallet tied to Robinhood led the activity, torching over 109 million SHIB in one transaction, with smaller wallets contributing the remainder through the session. The spike briefly revived the project’s deflationary narrative, yet it landed against a backdrop of broad altcoin fatigue. For holders of Shiba Inu, the burn underscored how community-driven supply cuts continue even when price momentum stalls. Despite the deflationary headline, SHIB has slipped close to 9% over the past month, holding a narrow trading band even after a modest weekly gain. Our reading of the tape
Read full articleCrypto majors fall as the U.S. strikes Iran, ending the ceasefire. Vanguard opens its doors. And a meme coin frenzy erupts on Robinhood chain.
The post Robinhood Earn + Morpho: Can 7% USDG Boost HOOD? appeared on BitcoinEthereumNews.com. Robinhood just turned on its own blockchain and a new on-chain yield product, and the market noticed. The pitch is simple: park USDG, see roughly 7 percent APY, all without leaving the app. The question everyone is asking is less simple. Does this move the stock or just make good headlines? On July 1, Robinhood launched Robinhood Chain and introduced Robinhood Earn, a decentralized lending product with an estimated ~7 percent APY on USDG deposits according to company statements and reporting by CoinDesk. The engine under the hood is Morpho, a major DeFi lending protocol, with a curated vault designed by Steakhouse Financial, per Morpho’s announcement on launch day Morpho (official blog / press release). USDG, the stablecoin from Paxos’s Global Dollar Network, is now live on Robinhood Chain and set as the default asset for Earn flows, as the issuer confirmed in its own release Global Dollar Ne
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger hold
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger hold
The post Lido Price Surge Boosted by Robinhood and Anchorage appeared on BitcoinEthereumNews.com. Something unusual happened to Lido’s LDO token on July 8, 2026. While Bitcoin slipped 0.78% and Ethereum edged down 0.96%, LDO posted a 16.79% gain in a single 24-hour window, climbing to $0.3269. The Lido price surge didn’t come from speculation alone — it came from two structural moves that fundamentally expand who can access liquid staking, and how. Key takeaways LDO surged 16.79% to $0.3269 on July 8, 2026, with 24-hour trading volume exploding 202.62% to $117.88 million. Lido enabled wstETH transfers directly to Robinhood, opening liquid staking rewards to mainstream retail investors. A partnership with Anchorage Digital — a federally chartered US crypto bank valued at $4.2 billion — lets institutional clients mint and redeem wstETH inside a regulated custody environment. Lido secured Web3SOC certification, a compliance milestone that signals readiness for risk-averse institutional ca
The post Crucial SHIB Ecosystem Update Goes Out to Shiba Inu Community: Reason appeared on BitcoinEthereumNews.com. A crucial Shiba Inu ecosystem update has been issued to the SHIB community as Mazrael, a Shiba Inu community veteran, issued a fresh reminder regarding legacy domains that are no longer maintained by the project. In a recent post, Mazrael shared a reminder to Shiba Inu users that legacy domains have been decommissioned and that Shib.io is the primary portal to the Shiba ecosystem, ShibaSwap and Shibarium, urging them to stay safu, a slang term used in the crypto market for “safe” or “secure.” This information also applies to the domain of ShibTheMetaverse, a virtual world backed by the Shiba Inu ecosystem, with Mazrael sharing this in a separate X post. In a heads-up to the Shiba Inu community, Mazrael shared that the ShibTheMetaverse domain is no longer owned or managed by the Shib wizards and may be purchased or used by a third party. You Might Also Like The warning by
Robinhood’s 7% USDG yield via Morpho hit mainnet as HOOD rose ~5% intraday. We unpack revenue levers, key risks, and the metrics that could turn it into a stock catalyst.
The post Crypto trader turns $800 into over $1 million in 20 days appeared on BitcoinEthereumNews.com. A cryptocurrency trader has turned an $838 investment into more than $1 million in just 20 days after backing the rapidly surging Cash Cat (CASHCAT) memecoin on Robinhood Chain. The trader, identified by wallet address 0xDE4C, purchased 15.04 million CASHCAT tokens for just $838, roughly three weeks ago. Following the token’s explosive rally, the trader sold 13.5 million CASHCAT for approximately $917,600 while continuing to hold 1.5 million tokens valued at about $133,700, according to the latest on-chain data retrieved from Lookonchain on July 8. The combined value of realized and unrealized gains pushed the position above $1.05 million, representing a return of roughly 1,253 times the original investment. CASHCAT price chart. Source: Dexscreener The windfall came as CASHCAT emerged as one of the hottest meme coins in the cryptocurrency market. By press time, the token was trading a