Robinhood Chain Achieves $3.1 Billion in DEX Trading Volume in First Week, Ranks Among Top Five Blockchains

Robinhood Chain's decentralized exchange (DEX) trading volume reached $3.1 billion in its first week, placing it among the top five blockchains. CICC maintains its baseline judgment that the Federal Reserve will not raise interest rates this year, although the threshold for rate hikes has decreased. The U.S. Consumer Price Index (CPI) for June fell short of expectations, decreasing by 0.4% month-on-month, while core CPI showed zero growth, leading to a 3.8% increase in Bitcoin (BTC) to $64,434 and a 6.1% rise in Ethereum (ETH). Data shows that the U.S. government has cleared a wallet containing seized assets worth $565,400 from Alameda Research and FTX. Several Senate Democrats have publicly opposed the Clarity Act, labeling it a "corruption bill." The U.S. and U.K. have issued a joint statement on stablecoins, promoting cross-border regulatory coordination. Japan's largest credit card network, JCB, has signed a cooperation agreement with Circle to explore USDC for cross-border payments and merchant applications. Analysts point out that the Meme launch platform Flap on Robinhood Chain added approximately 22,000 new tokens on July 14. U.S. stock markets closed with all three major indices up, with SK Hynix soaring 27.2%. Ripple has joined the x402 Foundation as a chief member, with XRP and RLUSD supporting x402 transactions.