Noxa, the launchpad behind CASHCAT's rise, racked up nearly $12 million in fees before going dark, giving away its revenue, and leaving Robinhood Chain's memecoin economy in freefall.
- Noxa generated nearly $12 million in cumulative fees before abruptly halting token launches on July 11 and going dark two days later.
- CASHCAT, the memecoin that drove the majority of that activity, is down more than 33% in 24 hours. Prominent trader 0xAvast, who claims to have ridden the token from a $10,000 market cap to $230 million, called the selloff "irrelevant FUD."
- Tokenized real-world assets — the use case Robinhood actually built the chain for — account for just $12.66 million in market cap on the network. At its peak, CASHCAT alone was worth 12 times that figure.
- 1 Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure 26 minutes ago
- 2 Ledger wants AI agents to manage crypto without holding your keys 1 hour ago
- 3 Galaxy targets institutional stablecoin yield with new DeFi vaults 2 hours ago
- 4 The most popular bitcoin call option has slipped by $10,000 3 hours ago
- 5 Inside the high-stakes race to build an open financial system specifically for AI bots 3 hours ago
- 6 Bitcoin pulls back to $64,000 after hitting monthly high as bears take control 4 hours ago
- 7 Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push 4 hours ago
- 8 U.S. adds four Iran central bank crypto wallets to sanctions, Tether freezes $131 million of contents 4 hours ago
- 9 Live updates: Bitcoin holding $64,000 as AI momentum stocks continue to tumble 8 hours ago
- 10 U.S. Senate unanimously opposes clemency for FTX founder Sam Bankman-Fried 8 hours ago
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters :
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
Inside the high-stakes race to build an open financial system specifically for AI bots
Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.