Robinhood Chain Breakout: Robinhood’s Arbitrum-based L2 launched July 1 and already hit $3.1B DEX volume in a week, ranking top five by activity—though tokenized stocks lag while memecoin trading and stablecoins drive most of the traffic. DEX + RWA Reality Check: Data shows asset management and lending dominate value locked, while real-world assets are only a small slice, raising the question of whether early hype converts into Robinhood’s intended tokenized-stock users. USDC.e Goes Mainstream: Kraken became the first major US exchange to support USDC.e deposits and withdrawals on Tempo, a payments-focused L1 backed by Stripe and Paradigm. Stablecoins vs Tokenized Deposits: Custodia CEO Caitlin Long argues banks should blend both approaches via its Hazel Network, aiming to keep familiar legal rails while moving on-chain. Crypto Enforcement Tightens in China: China’s top prosecutors urged proactive crypto money-laundering investigations, treating mixer and privacy-coin use as intent signals. UK Tokenization Push: A 54-firm taskforce backed by the City and HM Treasury says tokenization could add up to £33B annually by 2035, calling for faster legal and interoperability work. Japan Onchain Finance Deal: SBI and Solana Foundation will jointly build “SBI Solana Global,” targeting yen stablecoins (JPYSC), tokenized RWAs, and cross-border settlement. Identity + Payments Scaling: UNDP plans to scale blockchain-based digital payments via Stellar infrastructure after successful pilots. Tech + Security: A week roundup highlights faster patching needs as attackers use the same AI-assisted tooling, with major enterprise flaws like ShareFile and Zimbra getting attention. Biometrics in the Real World: The US plans to expand online passport applications using facial ID verification.