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Crypto

Robinhood Chain temporarily ranks second globally in DEX volume, driven by memecoin

Robinhood Chain briefly rose to second place globally in decentralised exchange (DEX) trading volume over the weekend, driven largely by memecoin activity. DefiLlama data showed the chain recorded about $878 million in DEX volume on July 12, temporarily surpassing Coinbase’s Base and Ethereum. Most of the volume came from CashCat, a memecoin named after a former mascot, which jumped more than 2,100 percent in its first week.

Crypto

Spain bet pays off as Polymarket trader posts $9.9 million day profit

A Polymarket trader known as DEEDDIT drew attention after recovering a $10.8 million loss in two weeks, turning the account’s cumulative profit to more than $8 million. The rebound came after a $11.3 million wager that Spain would beat France in a 2026 FIFA World Cup semi-final. Spain won 2-0, generating a $9.9 million one-day profit. The report also cited large leveraged token and memecoin trades amid a crypto market rebound.