The past few trading days have been wild. Bitcoin is hovering just under its all-time high. Meanwhile, altcoins and meme coins like BONK have been stealing the spotlight. Hopefully, you managed to ride some of the waves or at least picked up some profits from trading airdrops on platforms like Hyperliquid. One big headline stood out: Robinhood just introduced Robinchain, their very own blockchain. As always, we’re here to bring you trending updates and news of the crypto market.
Robinhood Enters the Layer-2 Race with Robinchain
Robinhood is taking a serious step into crypto. They just announced the launch of Robinchain, a new tokenization-focused layer-2 blockchain built on Arbitrum. The aim? Let users in Europe trade tokenized US stocks and ETFs on-chain, commission-free, 24/5.
This means over 200 stock and ETF tokens will be available to European investors. That’s not all. Robinhood is also rolling out perpetual futures with up to 3x leverage. These are routed through Bitstamp, the crypto exchange they just acquired for $200 million.
Interestingly, this isn’t Robinhood’s first crypto play. Just recently, they introduced micro futures contracts for Bitcoin, XRP, and Solana. Plus, back in May, they acquired WonderFi, a Canadian crypto firm, for $179 million.
Robinhood also seems serious about regulation. They’ve proposed a framework to the SEC for Real World Assets (RWA), including plans for a dedicated RWA exchange. While the tokenized stock market is still small—under $400 million—it’s clear Robinhood wants to be a major player.
Related: Tokenized stocks are popping on Solana and Kraken.
Airdrop Updates: Claim Season in Full Swing
It’s been a good week for airdrop hunters. Here are the latest claimable events:
- Ethena Season 3 is live, and the Season 4 farm has begun. This one is easy to run delta-neutral.
- Blur Season 4 claim is also live. Expectations are low since Blur has lost most of its hype.
- Drift Protocol has opened its claim window.
- KittenSwap rewards can now be claimed on HyperVM.
- Sahara also launched its claim process.
If you followed along with our guides, you might just have some fresh funds for your summer vacation.
Learn how cheeky farmers are hiring ghostwriters to farm infofi airdrops for them.
Bitcoin Time Capsule Cracked: The $10M Casascius Bar
An old-school Bitcoin investor made headlines after opening a rare Casascius gold bar containing 100 BTC. Purchased in 2012 for only $500, the bar now holds over $10 million in value. After 13 years, the owner peeled off the holographic seal and moved the BTC to new wallets for safety.
But the story took a twist. While sharing the process publicly on Bitcointalk, the owner exposed the mini-key seed. Unfortunately, this allowed someone to sweep 100 Bitcoin Cash (BCH), worth over $50,000, along with other forked assets.
The good news? The user, known online as Nexusrushrush, returned the BCH. But the address was already compromised, meaning the assets were still at risk. A hard lesson: never share your private keys, even after the coins are moved.
WLFI Pre-Markets Are Heating Up
World Liberty Financial (WLFI) is already trading on pre-market platforms like MEXC, BINGx, and Whales Market. The price sits between $0.13 and $0.16, which is a nice 10x for early pre-sale buyers.
There’s even a live prediction market on Polymarket, where people are betting whether WLFI will open with a fully diluted valuation (FDV) over $13 billion. Current odds? About 42%. My take: it could hit $0.20 or higher depending on the hype and listings.
Bhutan’s Big Bet on Bitcoin
Yes, you read that right. The small Himalayan Kingdom of Bhutan has been quietly mining Bitcoin since at least 2021—and possibly even earlier. Their operations generate between 55–75 BTC per week, valued at up to $4.9 million weekly.
Powered by clean hydropower and working through pools like AntPool and Foundry, Bhutan’s crypto activity is managed by Druk Holdings, the country’s sovereign investment arm. The government launched a $500 million fund with Bitdeer, and their on-chain footprint suggests deep involvement in the space.
Bhutan has mined an estimated 27,727 BTC, worth over $1.3 billion. Even after recent activity, they still hold 13,119 BTC, nearly half of their identified total haul.
But Bhutan didn’t just HODL. Between 2021 and 2022, they traded over $800 million worth of assets across platforms like BlockFi, Celsius, and Hodlnaut—many of which have since gone bankrupt. Despite some losses, Bhutan’s strategy shows a high level of crypto understanding and risk-taking.
They also mined some Ethereum, collecting 92 ETH during the proof-of-work era. Today, they still hold 656 ETH, around $1.74 million, mostly in wrapped beacon ETH.
Kazakhstan’s Crypto Reserve Ambition
Another unexpected country is jumping in. Kazakhstan has announced plans to create a national Bitcoin and crypto reserve. This move marks a shift in their financial strategy, recognizing Bitcoin as a potential strategic asset.
The National Bank of Kazakhstan is developing a legal framework to manage these reserves. They’ll include crypto from state-run mining and possibly even confiscated assets.
As one of the world’s largest Bitcoin mining regions, Kazakhstan sees this as a way to reduce reliance on fiat currencies and boost its financial independence. It follows recent moves by Ukraine, Pakistan, and even the US to consider or implement crypto reserves.
This growing trend of sovereign and corporate adoption suggests crypto is finally being treated as more than just a speculative asset.
Final Words
From Robinchain’s debut and airdrops galore, to Bhutan’s unexpected mining empire and a $10 million Bitcoin bar cracked open, the crypto world never stays quiet. Institutional adoption is growing. Tokenization is ramping up. And despite the occasional slip-up, crypto continues to evolve into a truly global phenomenon.
Keep your eyes on the charts, your farms active, and your private keys very private. This summer is shaping up to be a wild ride.
— Stay tuned.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
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