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What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 2nd July 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Lighter Illuminates Path Forward
Total crypto assets ticked up 2% higher on Wednesday, reaching $2.15 trillion as of about 5 p.m. (EST). Bitcoin rose 2.4% in 24 hours to reclaim $60,000, according to CoinGecko.
One of the biggest gainers was a perpetual futures platform, Lighter (LIT). Lighter has committed $11M worth of its native tokens to the Robinhood community in tandem with the launch of the Robinhood Chain. As a part of a promotion, select users get access to "perps" on Lighter, backed in part by a recent $68M infusion of capital from Robinhood Ventures. The DEX's native LIT token surged 18% over the past day. Not long ago, LIT changed hands for 78 cents, an all-time-low. That was at the start of Q2. It's now $2.16, per CoinGecko.
What's down
Inflation Cooler Than Believed, At Least According To Some Lesser-Known Gauges
Investors expect higher interest rates with the most recent headline inflation number (4.1%) running well above the Federal Reserve’s 2% annualized target. But is inflation truly all that hot? Depends on how you look at it.
New Fed Chair Kevin Warsh on Wednesday reiterated that the central bank is going to widen its lens beyond traditional inflation measures to include a fuller array of data sets. Some of these alternatives (to CPI and PCE numbers) include the Dallas Fed’s measurement of “trimmed mean inflation” (which scrubs away outliers and shows a 12-month rate of 2.4%) as well as the private sector’s “truflation” gauge that crunches numbers daily (and which shows annualized inflation at just 1.75%).
Consider also that the U.S. Treasury Department’s bond spread metric — or what’s known as the “breakeven inflation rate,” which is derived from 5-Year Treasury Constant Maturity Securities and 5-Year Treasury Inflation-Indexed Constant Maturity Securities and blended to produce a measure of expected inflation — has fallen to 2.26%. The one-year breakeven rate is 3%, having declined nearly half a percentage point since May.
Expect the central bank to come up with preferred inflation gauges not yet even widely known about. Chair Warsh, in an interview with CNBC, indicated that the Fed’s criteria will change dramatically and be more responsive. “We’re no longer going to have to rely solely on data that we get from government agencies with mismeasurement problems that have surveys that are no longer relevant,” he said. “If we do our jobs, we’ll be here a year from now, and we’ll say we’ve discovered data that helps us make better decisions.” (CNBC)
What's next
Future Of Trading Speeds Right Along
Robinhood Chain, an Arbitrum-based layer-2 network enabling 24/7 tokenized stock trading, went live on the public mainnet on Wednesday, according to The Block. Active partners include Lighter and Uniswap.
Additionally, Robinhood announced that crypto-focused Agentic Accounts will begin rolling out soon in the U.S. Eligible traders can connect their AI model of choice to Robinhood data sources and tools, a platform spokesman said.
"Your agent can continuously scan millions of data points and execute strategies the moment the market turns,” the spokesman said.
However, it’s important to note that users themselves, and not AI agents, decide how much capital to allocate while they also set up their own personal guardrail parameters.
“Crucially,” the Robinhood spokesman said, “humans remain in control.”
