Phantom Wallet Adds Perps Trading Feature With Hyperliquid

Phantom has launched support for perpetual contract trading inside its mobile wallet, starting with eligible users in the EU. The feature lets users trade crypto perps like ETH-USD or SOL-USD with up to 40x leverage, fully integrated into the existing wallet interface and powered by Hyperliquid’s non-custodial API.

Trades are executed using USDC margin sourced from SOL deposits, which are bridged and converted automatically on-chain during setup. Users retain self-custody throughout, with access to market orders, isolated margin, auto-close tools for stop-loss and take-profit, and PnL tracking.

To get started, users must hold a multi-chain Phantom wallet and fund their Hyperliquid perps account with a minimum of 20 USDC. Once funded, open positions appear directly within Phantom’s Perps tab, with full control over direction, leverage, and position management.

Hyperliquid, which has handled over $1.57 trillion in perp volume over the past year, enables Phantom to bypass traditional exchange infrastructure entirely. This approach aligns with Phantom’s belief that wallets rather than centralized exchanges will become the default interface for onchain trading.

Trump Media Files For Crypto Blue Chip ETF

Trump Media and Technology Group has filed with the SEC to launch a new "Crypto Blue Chip" ETF holding Bitcoin, Ethereum, Solana, XRP, and Cronos. The fund, branded under Truth Social, would allocate 70% to BTC, 15% to ETH, 8% to SOL, 5% to CRO, and 2% to XRP, per the S-1 filing. If approved, the ETF will list on NYSE Arca with Crypto.com as custodian and liquidity provider.

This latest move builds on Trump Media’s recent push into crypto, which includes previous filings for a spot Bitcoin ETF and a dual BTC/ETH fund. The firm, which raised $2.3 billion in May for a planned Bitcoin treasury, also reaffirmed that initiative during a $400 million stock buyback announcement. While most of the ETF's included assets remained flat, Cronos surged over 15% following the announcement.

Robinhood Questioned Over Stock Tokens In Europe

Robinhood is facing questions from European regulators about its recently launched blockchain stock tokens, which offer exposure to OpenAI and SpaceX. Officials from the Bank of Lithuania requested more detail on how these assets are structured and whether they violate securities rules. CEO Vlad Tenev clarified that the tokens are derivatives for promotional purposes, not legal shares of the firms.

Despite OpenAI's public disapproval of the promotion, Robinhood has issued more than 200 token contracts on Arbitrum and continues testing onchain deployments. One token linked to SpaceX was renamed “Demo 1,” signaling an experimental phase rather than full product rollout. Robinhood also plans to expand the platform to include perpetual futures trading and an Arbitrum-native Layer 2 chain.

Gate.io Discretely Removes Pump.fun Sale Page

Gate.io mysteriously deleted a webpage showing a $600 million token sale for Solana meme coin generator platform PumpFun, provoking confusion from users. The original page listed a July 12 launch, with 150 billion tokens offered at $0.004, valuing the project at $4 billion. The sale was promoted as Pump’s first official token offering.

After its removal, a support response claimed Gate had canceled pre-market OTC access following internal discussions, but provided no firm details. PumpFun has not confirmed or denied the sale, despite earlier rumors of a $1 billion raise. The platform, which minted over 11 million tokens during its peak in January, has since seen its daily volumes drop by more than 75%.

Data of the Day

Coinbase product head Conor Grogan said that most tokens on PumpFun and LetsBonk are being launched by bots, not individuals. According to his analysis, top wallet accounts have averaged one token creation every three minutes on LetsBonk in the past day. Of the 4,281 tokens created by 13 wallets, only 37 have "graduated" to trade on exchanges.

LetsBonk, which launched in April, now outpaces Pump in both token output and revenue, generating $1.23 million on Monday alone. In contrast, Pump saw only $520,000 as the meme coin sector continues to cool off. The total market cap of meme coins dropped another 2.6% to $54.7 billion, continuing a broader decline from its $127 billion high last December.

More Breaking News

• SharpLink Gaming boosted its Ethereum treasury to 205,634 ETH worth over $527 million, sending shares up 26% as it doubles down on its crypto-focused strategy.
• Japanese Remixpoint's new CEO will receive his full salary in Bitcoin, aligning with the company’s treasury-first pivot and emphasizing shareholder-oriented crypto financial management.
• Vertex will shut down its Arbitrum DEX and sunset the VRTX token as it migrates entirely to Kraken-backed Layer 2 network Ink.
• Ego Death Capital raised $100 million to fund early-stage Bitcoin startups, backing exchanges and payment apps while excluding miners and non-Bitcoin crypto ventures.
• BlackRock’s iShares Bitcoin ETF has surpassed 700,000 BTC in holdings, becoming its third most profitable fund just 18 months after launch, according to Glassnode.
• Ripple shareholder Linqto has filed for Chapter 11 bankruptcy amid regulatory scrutiny, clarifying that it holds shares but has no formal ties to Ripple.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.