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. 1 Kalshi CEO says state-led oversight of U.S. prediction markets would push them out 4 hours ago
  2. 2 AI agents make 138 million crypto payments as U.S. dominates spending on AI models 5 hours ago
  3. 3 Crypto Long & Short: Why gold and bitcoin belong in the same portfolio 5 hours ago
  4. 4 EasyA hits $1.1 billion valuation, targets 2027 public listing and tokenized shares 5 hours ago
  5. 5 BlackRock's crypto ETF assets surge 63% but remain far below 2025 peak 6 hours ago
  6. 6 Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption 6 hours ago
  7. 7 America's growing digital economy requires power grid updates. Who will foot the bill? 6 hours ago
  8. 8 Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending 7 hours ago
  9. 9 U.S. September CPI comes in hot, sending bitcoin sharply lower 8 hours ago
  10. 10 Here's how analysts see U.S. inflation influencing bitcoin 9 hours ago

Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Why it matters :

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

AI agents make 138 million crypto payments as U.S. dominates spending on AI models

EasyA hits $1.1 billion valuation, targets 2027 public listing and tokenized shares

Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption

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.

← Back to latest