Blockchain and Crypto News: Robinhood Chain Surpasses $700M, Worldcoin Token Sells at Discount

Robinhood Chain's total on-chain assets have reached $700 million just three weeks after its launch. Of this, $430 million are stablecoins. The platform's protocol TVL stands at approximately $500 million, with $200 million locked in Morpho generating an annualized yield of around 7%. This is thanks to the integration of Morpho directly into the Robinhood app, allowing users to access it without needing a standalone wallet.

The Worldcoin Foundation has sold 217.4 million WLD tokens at a discount, raising approximately $52.5 million from institutional investors including Pantera Capital. The tokens were sold at around $0.24, representing a roughly 36% discount to the prevailing market price. Proceeds will be used by the World Foundation to expand its World ID technology for enterprises, consumers, and AI agents.

Movement has filed for bankruptcy despite raising a total of $141.4 million in funding. The token's fully diluted valuation (FDV) currently stands at $107 million, having tumbled more than 99% from its all-time peak. Daily revenue from applications on the Movement chain has persisted below $800 since last November.