Weekly Project Updates: Worldcoin Sells WLD at 36% Discount, Movement Files for Bankruptcy, PumpFun Hires Million-Dollar Growth Lead, etc

1. Robinhood Chain Hits $700M Total On-Chain Assets 3 Weeks Post Launch; Stablecoins Account for $430M link

Three weeks after launch, Robinhood Chain’s total on-chain assets have reached $700 million, of which $430 million are stablecoins. Approximately $500 million constitutes protocol TVL, with $200 million locked in Morpho generating around 7% annualized yield. Notably, Morpho has been integrated directly into the Robinhood app, removing the requirement for users to operate a standalone Robinhood Wallet.

2. Worldcoin Foundation Sells 217.4M WLD at Discount, Raising Approximately $52.5M link

The Worldcoin Foundation sold 217.4 million WLD to institutional investors including Pantera Capital, raising approximately $52.5 million. Based on the token volume and fundraising amount, the transaction price stood at around $0.24, representing roughly a 36% discount to the prevailing WLD market price. The relevant tokens have been distributed from the team wallet to multiple addresses and are subject to a one-year lock-up period.

The World Foundation stated that the sold WLD tokens do not represent equity or profit entitlements in Tools for Humanity. Proceeds will be used to expand World ID technology for enterprises, consumers and AI agents. The World Network now boasts over 39 million users, among whom more than 18 million have completed Orb verification.

3. Movement Files for Bankruptcy; Daily DApp Revenue Has Stayed Below $800 Since Last November link

Since last November, daily revenue from applications on the Movement chain has persistently stayed below $800, while daily on-chain fees on the network have long remained in single digits, hitting just $1 over the past 24 hours. By contrast, Movement has raised a total of $141.4 million in funding. The token currently carries a fully diluted valuation (FDV) of $107 million, having tumbled more than 99% from its all-time peak. Movement Labs has now filed for bankruptcy.

4. Wanchain-Cardano Bridge Suffers Exploit, Around 515M NIGHT Tokens Stolen link

Wanchain’s Cardano cross-chain bridge is suspected of suffering an exploit, with roughly 515 million NIGHT tokens drained from the bridge vault. Preliminary investigations indicate the vulnerability stems from non-injective encoding of signed messages within the TreasuryCheck validator. The protocol directly concatenated 14 variable-length fields to construct signed payloads, allowing different combinations of fields to produce identical byte sequences and enabling a signature reuse attack.

The incident drove NIGHT’s price down to approximately $0.0158 at one point, marking a 24-hour slump exceeding 30%. The stolen tokens are valued at around $9 million.

The Midnight Foundation stated that exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate and MEXC have taken countermeasures, such as freezing related accounts and addresses, blacklisting wallets linked to the attacker, and suspending NIGHT deposits and withdrawals where necessary to restrict the transfer and liquidation of stolen assets. The foundation reiterated that the breach only affects the third-party Wanchain cross-chain bridge; the Midnight Network, core infrastructure and the underlying NIGHT asset remain unaffected.

5. Stripe in Talks to Acquire OpenRouter Founded by Ex-OpenSea Co-Founder Alex Atallah for Up to $10B link

Stripe is engaged in advanced negotiations to acquire AI model aggregator OpenRouter. The prospective deal could value the firm at $10 billion, though terms have not been finalized. Co-founded in 2023 by Alex Atallah, co-creator of OpenSea, OpenRouter secured funding at a $1.3 billion valuation this May.

Sponsored by FinTax

6. DEX Aggregator Odos Announces Wind-Down, All Services to Shut on July 30 link

Decentralized trading aggregation protocol Odos announced that its operating entity will cease operations. The application will switch to read-only mode on July 27, with all services permanently shut down on July 30. Users can still conduct normal swaps and close out positions for the time being. Transaction histories and balances will remain accessible between July 27 and 30.

Odos operates as a non-custodial protocol, meaning user funds remain on-chain. Users who created wallets via social or email login must transfer assets or export private keys before July 30. The firm noted that the ODOS token continues to exist independently on-chain, and the winding down of operations will not alter its on-chain mechanics.

7. Uniswap Rolls Out Permissioned Pool Standard for Uniswap v4 link

Uniswap Labs announced the launch of Permissioned Pools, a new Hook standard built on v4, designed to provide automated market makers (AMMs) with infrastructure for compliant on-chain enforceable trading of permissioned assets. Initial partners include Superstate, Securitize, and Dowgo, which integrates the ERC-3643 standard. The standard enables asset issuers to manage whitelists directly at the protocol layer instead of via frontends or off-chain systems, verifies wallet permissions upon every trade and liquidity addition, and leverages Uniswap v4’s virtual accounting mechanism to secure the underlying permissioned assets, broadening access paths for regulated assets such as tokenized funds, securities and equities into DeFi.

8. LayerZero Enters Strategic Partnership With Payment Infrastructure Firm Keeta link

LayerZero and payment infrastructure project Keeta announced a partnership to support cross-chain transfers of tokenized funds backed by commercial bank deposits across Ethereum, Solana, Base and Keeta Network for institutional treasury management and payment settlement. The system uses commercial bank deposits held by licensed U.S. fintech platform Bivo as reserves. Keeta Stablecoins pegged to nine fiat currencies including the US Dollar, Euro, Japanese Yen, Chinese Yuan, British Pound, Canadian Dollar, Mexican Peso, UAE Dirham and Hong Kong Dollar will launch later this month.

9. PumpFun Developer Recruits Growth Marketing Lead, Base Salary Caps at $1M Annually link

Baton Corporation, the developer behind PumpFun, is recruiting a Head of Growth Marketing to drive PumpFun’s transition from a crypto product to a mass-market consumer application. Candidates must have experience promoting consumer apps via digital advertising, UGC and content editing strategies, managing multi-million-dollar marketing budgets and building teams. The base annual salary ranges from $400,000 to $1,000,000 plus incentives. This is an internal full-time role; agency partnerships will not be considered.

10. Jito Launches JTX, Self-Custody Trading Platform on Solana Supporting Tokenized Stocks & ETFs link

Jito Labs launched JTX, a self-custody trading platform built on Solana. It initially supports spot trading of assets including cbBTC, SOL, HYPE, meme coins, tokenized stocks and ETFs, alongside professional tools such as limit orders, auto-execution and conditional orders. JTX will allocate 80% of trading fee revenue to Jito DAO for JTO buybacks and burns, with the remaining 20% distributed to referrers. The platform plans to roll out perpetual contracts, prediction markets and a native mobile application in subsequent phases.

Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish