What happened
Morning crypto brief: realtrumpcoins has denied authorizing any digital token issuance and says it is working with relevant authorities to investigate the matter.
Why it matters for the market
On Robinhood Chain, daily DEX trading volume hit an all-time high of $945 million, while the total value of stock tokens on the chain surpassed $50 million, with holder addresses roughly doubling from the start of the month.
Analysts note that the unrealized profit margin for short-term Bitcoin holders has climbed to its highest level since July 2025, which may be one reason BTC is stalling near the $80,000 level. One view suggests that Robinhood Chain tokens reaching hundred-million-dollar valuations often undergo a 60%-95% pullback before attempting a second rally.
South Korea's ten largest brokerages posted combined second-quarter net profit of nearly $4.356 billion, although their share prices remain under collective pressure.
What traders should watch
Elsewhere, Hyperliquid's founder said HIP-4 will open permissionless deployment after the next network upgrade, and Zcash has risen about 19 times over the past year, with Grayscale arguing the asset is still undervalued.
