OVERVIEW

Market Somehow Pulls Ladder Out From Under Itself, Defies Science 🤔

Here’s What’s Happening 👇️

Today’s top trending tickers: $ENA ( ▼ 3.06% ) , $SHIB ( ▼ 3.84% ) , $DOGE ( ▼ 2.51% ) , $AVAX ( ▼ 0.47% ) , and $XLM ( ▼ 4.14% )

STOCKTWITS
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Want the full picture?

Turn on the Watcher Overlay on your charts and line up trader attention against price, and see if the move already started before you noticed.

With Watcher History, you can:

• See exactly how many people are tracking a stock, and how that’s changed

• Compare shifts in watcher interest to price action, on the same chart

• Spot which stocks on your watchlist are gaining or losing attention

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Stuff Stocktwits People Said 👇️

DEFI
Every Uniswap Swap On Robinhood Chain Could Now Eat UNI 🦄

$UNI ( ▼ 5.1% ) launched v2, v3, and v4 with $HOOD ( ▼ 1.88% ) Chain on July 1. By July 10, the deployments had processed more than $1 billion in cumulative swap volume. Nine days.

Now Uniswap governance wants that volume to start doing something for UNI.

The proposal would activate protocol fees across all 3 Uniswap versions on Robinhood Chain. A portion of swap fees would flow into a contract called the TokenJar instead of staying entirely with liquidity providers. Yes, TokenJar sounds like something your mother kept above the refrigerator. It is considerably more useful.

The TokenJar collects fees in whatever assets traders paid. Searchers then compete to claim those assets by paying UNI on Robinhood Chain. That UNI gets sent through the canonical bridge, returned to Ethereum, and deposited into the mainnet burn address.

Fee assets out. UNI in. UNI dead.

More Robinhood trading = more fees collected = more UNI required = more UNI burned

This proposal does not pay UNI holders directly. There is no dividend, revenue distribution, or mystery sack of stablecoins arriving at your wallet. The benefit comes through recurring demand for UNI and permanent supply reduction.

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NEWS
DeXe Went From $2 To $40 While Nobody Was Looking 🤯

$DEXE ( ▼ 10.23% ) traded below $2 in February. It hit $48.85 on July 13 before retreating toward $40.

On February 6, 2026, it touched approximately $1.79 and closed around $2.22-$2.23. On July 13, it traded near $40 after intraday highs of roughly $48.30-$49.00.

That works out to:

• Approximately 22.5x from $1.79 to $40

• Approximately 27.3x at the peak

• A peak gain of roughly 2,629%

What Does DeXe Do?

DeXe originally focused on decentralized social and copy trading. Users could follow another wallet’s trades, examine performance and manage portfolios. Then it switched to being infrastructure for decentralized autonomous organizations.

Today it offers:

• More than 50 modular smart contracts

• No-code DAO creation

• Voting, quorum and delegated governance

• Validator review of proposals

• On-chain treasuries, token sales, vesting and contributor rewards

It launched on $BNB ( ▼ 2.39% ) in November 2023 and $ETH ( ▼ 3.17% ) in January 2025. A major DAO Studio update followed on March 27, 2025.

Partnerships & Adoption

The most important integration is GraFun (memecoin launcher). Its documentation says a DAO is automatically created on DeXe when a token completes GraFun’s Fair Curve process.

The other partnerships require more restraint:

• RWAlabs.ae, announced February 16, 2026, combines UAE tokenization and legal support with DeXe governance.

• HOT, announced in July 2024, targeted HOT’s claimed 300,000-plus communities and 16 million users. No idea where they’re at now or if this is still a thing.

• DWF Labs, announced in April 2024, was a liquidity partnership.

Then There Is the Supply Situation

Now, one reason why DeXe’s had such a crazy high run up might be due to the real supply out there to trade. And when I say real supply, I mean roughly 5-ish%. The rest is held by some big wallets:

• The DeXe DAO contract holds approximately 48.5 million DEXE, or 50.23%.

• The Wormhole bridge holds approximately 23.1 million, or 23.97%. These tokens back cross-chain supply, so they should not be counted again as an additional BNB Chain allocation.

• The DEXE token contract itself holds approximately 12.8 million, or 13.23%.

• Another DeXe protocol pool contract holds approximately 6.1 million, or 6.34%.

• Known Binance, Ceffu and Gate addresses in the upper holder list collectively contain around 4.6%.

The top 4 are not 4 individual traders preparing the world’s rudest market sell. They are largely protocol, bridge and treasury contracts. But that doesn’t mean anything - if one or some or parts of those wallets thought it was time to take some off the table, it wouldn’t be the first time that happened in crypto.

In DeXe’s defense though, and according to what I was reading, the supply is secured transparently in smart contracts rather than sitting in personal wallets. Smart contracts can restrict movement and make treasury actions visible.

And DeXe’s own governance model gives validators final review over proposals. If voting participation is low or validator and consul authority is concentrated, effective control could be much narrower than the broad “community-controlled treasury” language suggests.

Any Reason For The Sustained Pump?

If you’re a technical analyst, this question doesn’t really come up in your head because it doesn’t matter. But even my fellow technical analysts ask the ‘why’ - it’s human nature to expect an event or a reason to be the trigger for something moving higher.

In a nutshell

• A huge percentage of supply sits in contracts, treasury and bridge addresses.

• CoinGecko counts approximately 46.75 million circulating DEXE. CoinMarketCap counts 83.73 million.

• At roughly $40, that produces market-cap estimates ranging from approximately $1.85 billion to $3.40 billion.

• A June 23 rally gained roughly 54%-70%, depending on the data window, while short liquidations and open interest surged.

• DAO, AI-governance and RWA narratives supplied additional demand.

Regardless of any fundamental or technical reason(s), the thin supply helped amplify the rally. It will also amplify a decline.

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NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

🕵️ Prove You Own One Bitcoin Without Showing The Bitcoin

Not a proposal yet, but a new zkPoH proof-of-concept lets someone prove they control UTXOs worth at least 1 BTC without revealing the addresses, exact balance, transaction history, or private keys. The prototype checks up to four private UTXOs against an off-chain Bitcoin snapshot committed to a Merkle tree, then reveals only whether the 100 million satoshi threshold was met.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦

🩹 Cardano Tries Something Stranger Than “Funds Are Gone”

Remember the SecondFi exploit that drained roughly 16 million $ADA ( ▼ 4.1% ) , worth about $2.4 million, from 374 Cardano wallets between June 21 and June 23? EMURGO says it can begin returning assets within 2 weeks without reversing Cardano’s ledger. If it works, Cardano may have built a restitution model that does not require pretending blockchains have an undo button.

🧯 Compound Raises Risk Limits To Let Borrowers Leave

Gauntlet wants $COMP ( ▼ 3.16% ) to raise rsETH’s borrow collateral factor on the Ethereum WETH Comet from 0% to 80% so existing borrowers can unwind looped positions gradually. The current 0% setting forces users to repay every last bit of WETH debt before withdrawing any rsETH, an awkward requirement when rsETH redemptions are slow and on-chain liquidity is thin.

NEWS IN THREE SENTENCES
Protocol News 🏦

🐋 Bitmine Is 265,000 ETH Away From Owning 5%

$BMNR ( ▼ 2.47% ) now holds 5.77 million ETH worth roughly $10.5 billion at $1,820, equal to 4.8% of Ethereum’s 120.7 million token supply and about 265,000 ETH short of its 5% target. It has staked 4.92 million ETH, or 85% of its holdings, with projected annual staking revenue of $242 million at a 2.70% yield. The company bought another 27,801 ETH last week.

✂️ Solana Considers Cutting The Token Printer Faster

SIMD-0550 proposes doubling $SOL ( ▼ 3.57% ) annual disinflation rate from 15% to 30%, bringing inflation down to its 1.5% floor by H1 2029 instead of H1 2032. The change would eliminate an estimated 18.9 million SOL in emissions over 6 years, while reducing nominal staking yields from 5.84% today to 4.34% after year 1, 3.00% after year 2, and 2.25% after year 3.

OLD NEWS
Other Stuff That Happened Today, But A Long Ass Time Ago ⌛️

July 13

• 1863 - New York City’s draft riots began

• 1919 - Airship R34 completed the first two-way Atlantic crossing by aircraft

• 1923 - The “HOLLYWOODLAND” sign was dedicated

• 1930 - The first FIFA World Cup began in Uruguay

• 1949 - Pope Pius XII’s anti-communism decree became public

• 1955 - Ruth Ellis became the last woman hanged in Britain

• 1960 - John F. Kennedy won the Democratic nomination

• 1973 - Alexander Butterfield revealed Nixon’s White House taping system

• 1985 - Live Aid hit London and Philadelphia, raising millions for Ethiopian famine relief

• 2011 - Three coordinated blasts hit Mumbai, killing 26 and injuring more than 130 in India’s financial capital

• 2024 - Donald Trump survived an assassination attempt at a Pennsylvania rally, with one attendee and the shooter killed

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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋