Crypto News. July 1, 2025
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DeFi
OpenAI strongly criticized Robinhood for offering tokenized versions of its private equity without authorization.
Robinhood recently announced to offer tokenized shares of private companies (like OpenAI and SpaceX) to EU customers.
Velodrome Finance launched SuperSwaps, a new feature that lets users swap tokens natively across different chains within the Optimism Superchain (OP Mainnet, Mode, Celo, Lisk, Swellchain). This will be unlike traditional cross-chain solutions that rely on token bridges, wrappers, or external liquidity pools
SuperSwaps works by connecting Velodrome’s DEX across multiple chains using Hyperlane.
Nasdaq listed DeFi Development Corp initiated a $100M private offering of convertible senior notes due in 2030, aimed at acquiring Solana (SOL). The offering could be upsized to $125 million, depending on investor interest.
Despite initial clearance from the SEC, it recently hit pause on plans to convert Grayscale’s Digital Large Cap Fund into an ETF
The temporary pause doesn’t necessarily mean denial, it’ll trigger further review, to assess: Market manipulation risks, asset custody and liquidity and compliance with investor protection standards.
Ripple has applied for a national banking license with the U.S. OCC. If approved, the license allow Ripple to offer additional crypto related services through a regulated banking framework. This comes after Circle’s recent OCC application
Separately, Ripple’s subsidiary Standard Custody & Trust Company has applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the US central bank.
At EthCC L1 Kadena announced the launch of their Chainweb EVM testnet and Developer Portal. The testnet runs 5 EVM chains in parallel with native asset transfers, no bridges, and near-zero gas fees.
They also announced a $50M grant program to support Chainweb EVM development. Over 50 projects (e.g. Sushiswap, Uniswap) are a part of it!
Kadena’s differentiator is their unique Chainweb architecture which runs multiple parallel chains with native cross chain communication.
EthCC drew over 6,400 attendees, Kadena participated, aligning well with their technology demo and multichain messaging.
Figma filed for an IPO, according to its newly released S-1 filing. The document revealed that Figma currently holds $70M in Bitcoin ETFs, with board approval to purchase an additional $30 million worth of BTC using USDC
