Daily News: US June ADP Dropped by 33,000, OpenAI Denies Authorization for Tokenized Stocks, Ripple Applies for US Banking License, and More

US June ADP Employment Decreases by 33,000, Expected 95,000, Previous 37,000

U.S. June ADP employment decreased by 33,000, expected to increase by 95,000, with the previous figure at 37,000. This marks the largest drop since March 2023.

Trump Media Files Registration Statement for Bitcoin and Ethereum ETF

Trump Media and Technology Group announced the filing of an initial registration statement with the SEC for the Truth Social Bitcoin and Ethereum ETF, which will hold 75% Bitcoin and 25% Ether. Crypto.com will serve as the custodian, prime execution agent, and liquidity provider for the ETF, which aims to reflect the price performance of Bitcoin and Ether. Pending regulatory approvals, the ETF will be listed on NYSE Arca.

OpenAI Denies Authorization for Robinhood's Tokenized Stocks

OpenAI clarifies that the so-called "OpenAI tokens" are not company equity. The company stated it has not established any partnership with Robinhood and has not participated in or endorsed related projects. OpenAI emphasized that any transfer of company equity must receive official approval, and no such transactions have been authorized at this time. The public is urged to remain vigilant.

Previously, Robinhood EU announced the launch of the world's first tokenized stock products for non-public companies, claiming to include well-known private companies such as OpenAI and SpaceX. Robinhood CEO Vlad Tenev stated that while these tokens do not technically constitute actual equity, they provide retail investors with opportunities to access non-public assets and described this as the company's initial attempt.

Ripple Applies for US Banking License

Ripple has applied for a national banking license with the US Office of the Comptroller of the Currency, aiming to bridge the gap between cryptocurrency and mainstream finance. The company, known for managing cross-border payments and its dollar-backed stablecoin RLUSD, seeks to position itself under federal regulation, ensuring stablecoin reserves are backed by cash or secure assets like Treasurys.

Coinbase Acquires Token Management Platform Liquifi

Coinbase acquired the token management platform Liquifi, marking its fifth acquisition of 2025. Liquifi, which raised $5 million in a 2022 seed round, helps crypto companies manage token ownership, vesting, and tax withholdings. This move strengthens Coinbase’s capabilities in cryptocurrency lifecycle management, bringing it closer to an end-to-end platform. The acquisition comes amid ongoing regulatory clarity under the current administration, enabling Coinbase to make bold strategic moves.

Koi Security Discovers Over 40 Fake Crypto Wallet Extensions in Firefox Add-ons Store

Koi Security discovered over 40 malicious extensions impersonating popular cryptocurrency wallets in the official Firefox add-ons store. These fake extensions mimic well-known wallets such as Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, Keplr, and MyMonero.

The malicious extensions monitor user input to steal wallet seed phrases and private keys, transmitting the data to servers controlled by attackers. Many of these extensions are clones of legitimate open-source wallets but include malicious code. Attackers build trust by using authentic brand logos and a large number of fake five-star reviews.

MinionLab Joins the Solana Ecosystem and Plans to Airdrop "Soul Bound NFTs" to Eligible Users

MinionLab announced its official entry into the high-performance Solana blockchain ecosystem on July 2. Community members can bind their Solana wallet addresses through official channels to prepare for the next step of ecosystem integration.

It is reported that, as a gesture of gratitude to the community, MinionLab plans to airdrop unique "Soul Bound NFTs" to all community members who have bound their Solana wallet addresses and meet the eligibility criteria. As of now, over 50,000 community members have completed wallet binding.

MinionLab is a decentralized infrastructure built for AI Agents. It transforms idle device resources from global users into AI agents called "Minions," which can mine real-time data and execute tasks. Device owners earn $MINION as a reward for contributing to the network.

DeFi Development Corp. Upsizes Convertible Notes Offering to $112 Million

DeFi Development Corp. upsized its latest convertible notes offering to $112 million, with an option for investors to add $25 million more in the next week. The proceeds will fund a $75 million prepaid forward stock purchase and additional Solana acquisitions, supporting the firm's ongoing Solana treasury strategy. Shares of DFDV dropped nearly 3% on the announcement but remain up over 2,300% year-to-date.

Ondo Finance to Launch On-Chain US Stock Platform Ondo Global Markets This Summer

Ondo Finance announced on the X platform that it will launch an on-chain US stock platform, Ondo Global Markets, this summer. Initially, over 100 US stocks will be tokenized, with plans to expand to thousands by the end of the year.

Addentax Group Corp. Signs Term Sheet for Bitcoin Acquisition

Addentax Group Corp. (Nasdaq: ATXG) announced that it has entered into a non-binding term sheet to acquire up to 12,000 Bitcoins, increasing the potential acquisition size from the previously discussed 8,000 BTC. The proposed transaction, valued at approximately $1.3 billion based on current market prices, would be settled through newly issued shares of the company’s common stock. The final terms remain subject to negotiation, due diligence, and customary approvals.

Hong Kong-listed Company Kingkey Financial International Invests $12 Million to Subscribe to Amber International Shares, Entering Institutional Crypto Services

Kingkey Financial International (HKG: 1468) announced on July 2 that it signed a subscription agreement with Amber International Holding Limited on June 30, 2025 (after trading hours). Under the agreement, Amber International agreed to issue, and Kingkey Financial International agreed to subscribe to, shares at a consideration of approximately $12 million. The subscription price is $2.09 per share.

The subscription involves 5.7416 million Class A ordinary shares with a par value of $0.001 per share.

The announcement stated that the subscription is a strategic financial investment aligned with the group's recent plans, including the establishment of an investment committee to oversee digital asset opportunities. This investment is expected to diversify the company's portfolio and expand into the institutional crypto services sector, consistent with its previously announced exploration of digital assets.