--- title: "Golden Web3.0 Daily Report | Goldman Sachs Raises Target Price for Robinhood" type: "News" locale: "en" url: "https://longbridge.com/en/news/293048174.md" description: "Goldman Sachs raised Robinhood's price target to $137. Nvidia's NVentures reportedly invested $196M in fintech Revolut, while SBI Holdings acquired Singapore crypto exchange Coinhako. Tencent integrated Kimi K3 AI models into its Buddy products. Microsoft is preparing an AI vulnerability detection tool. In DeFi, Dash launched the Orchard privacy pool, and Backed Finance listed SPYx on Hyperliquid." datetime: "2026-07-17T13:56:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293048174.md) - [en](https://longbridge.com/en/news/293048174.md) - [zh-HK](https://longbridge.com/zh-HK/news/293048174.md) generator: "portal-rs" --- # Golden Web3.0 Daily Report | Goldman Sachs Raises Target Price for Robinhood ## **DeFi data** **1\. Total market value of DeFi tokens: 65.7.47 billion US dollars** **** DeFi Total Market Cap Data Source: coingecko **2\. Trading volume of decentralized exchanges in the past 24 hours: $39.52** **** **** Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko **3\. Assets locked in DeFi: $744.23 billion$100 million** **Top 10 DeFi Projects by Locked Assets and Total Value Locked (Data Source: defillama)** ## **NFT Data** **1\. Total Market Cap of NFTs: $5.758 Billion** **** alt="CsISEbHhyla1SsiRFQ8BvIjhAsZbwEz8vcSwwZE8.png"> **** NFT Total Market Capitalization, Top Ten Projects by Market Capitalization Data Source: Coinmarketcap **2.24-hour NFT transaction volume: 943 million USD \[Image of NFT total market capitalization and top ten projects by market capitalization. Data source: Coinmarketcap\] Goldman Sachs Raises Robinhood Price Target to $137 On July 17, Goldman Sachs raised its price target for Robinhood from $121 to $137, maintaining a "buy" rating. AI Hot Topics 1. David Sacks Responds to Chinese AI Model Kimi K3 topping Code Evaluation: US Regulatory Constraints May Weaken Competitiveness Former White House cryptography and AI director David Sacks stated in an article on the X platform that the Chinese AI model Kimi K3 topped the Frontier Code Arena evaluation for the first time, and reached or approached industry-leading levels in many other benchmark evaluations, a trend worth noting. While China's AI capabilities are rapidly improving, the United States is embroiled in internal strife due to regulatory controversies. He criticized some US politicians and regulatory agencies for restricting the construction of new data centers, increasing state-level regulatory requirements, and pushing for the establishment of a new federal agency to pre-approval cutting-edge AI models. David Sacks warned that if the US slows down innovation due to excessive regulation, it could lose its advantage in the global AI competition. "The US won the internet era with permissionless innovation, and it can win the AI ​​era in the same way; otherwise, we will see its leading position gradually disappear." AI development still needs to address security risks, but regulation should be precise, not hinder technological innovation. His remarks have once again sparked discussions about AI regulation, computing infrastructure construction, and the US-China AI competition landscape.** **2\. Nvidia Suspectedly Invests $196 Million in Digital Bank Revolut, NVentures' Stake Revealed** Nvidia's venture capital arm, NVentures, may have previously invested approximately $196 million in the UK fintech company Revolut. According to a confirmation statement disclosed by the UK Companies Registry, a shareholder entity suspected to be NVentures LLC holds approximately 141,834 shares of Revolut. Based on the offering price disclosed in Revolut's recent funding round, these shares are worth approximately $195.9 million. Previously, neither Nvidia nor Revolut publicly disclosed the specific amount of NVentures' investment or the size of its stake in the company. This document's disclosure suggests that Nvidia may be further expanding its presence in the fintech sector through strategic investment. Founded in 2015, Revolut's business covers payments, foreign exchange, investment, and crypto asset services. Nvidia has been continuously investing in AI, fintech, and next-generation internet infrastructure companies through NVentures in recent years, and this investment in Revolut is seen as part of its expansion into the AI ​​and digital finance ecosystem. **3\. SBI Holdings Acquires Singapore Crypto Exchange Coinhako** On July 17, Japanese financial group SBI Holdings received the necessary approvals from the Monetary Authority of Singapore (MAS) to complete the acquisition of Coinhako, a licensed cryptocurrency exchange and digital wallet in Singapore. Coinhako is regulated in Singapore and provides digital asset trading and custody services. **4\. Tencent Buddy All Products Now Support Kimi K3 Built-in Models** Tencent announced that all Buddy products now support Kimi K3 built-in models. According to Tencent, resources are currently limited, and CodeBuddy is only prioritizing the "Enterprise Exclusive Edition" and "Individual Subscribers" for Kimi K3 at this stage. Under high usage, there may be queuing issues. Once resources are sufficient, it will be available to all users. **5\. Microsoft is preparing an AI vulnerability detection tool to rival the Mythos model, possibly to be released this month** On July 17th, Microsoft announced that it is preparing an AI vulnerability detection tool, Project Perception, which is planned for release in July. This tool will rival Anthropic's Mythos model and is expected to be more cost-effective than Mythos. ## DeFi Hot Topics **1\. Dash Mainnet Launches Orchard Privacy Pool, Supporting 1-Second Confirmation** Dash announced that the Orchard privacy pool has officially launched on the Dash mainnet. The technology originates from Zcash's Orchard protocol, supporting 1-second confirmation and approximately 20 seconds for wallet synchronization. Dash stated that privacy features for privacy stablecoins and other assets will be launched later. **2\. Backed Finance Acquires S&P 500 Spot Stock Code SPYx on Hyperliquid** On July 17th, Backed Finance spent 500 HYPE tokens to acquire the S&P 500 index xStocks spot code SPYx on Hyperliquid. This is Backed Finance's second on-chain US stock xStocks spot product acquired on Hyperliquid, following NVDAx. It is expected that Backed Finance will soon bring its xStocks series of on-chain US stock products to Hyperliquid. **3\. MoneyGram, Figure Markets, and Range to Join the Stellar Network as Level 1 Validators** On July 17th, payment company MoneyGram, Figure's digital asset division Figure Markets, and stablecoin infrastructure Range will join the Stellar network as Level 1 validators. The official statement indicates that each validator can choose other nodes it trusts to reach consensus on the ledger state. Validator identities are public and transparent, and the highest standards of uptime are maintained to ensure the security and activity of the entire network. ... 4. Binance to Support Cardano (ADA) Network Upgrade and Hard Fork On July 17th, according to an official announcement, Binance expects to suspend token deposits and withdrawals on the Cardano (ADA) network at 04:44 (UTC+8) on July 19th, 2026, to support its network upgrade and hard fork. The network upgrade and hard fork are expected to take place at 05:44 (UTC+8) on July 19th, 2026. 5. US Spot Ethereum ETF Sees Net Outflow of $28 Million Yesterday On July 17th, according to data monitored by Farside Investors, the US spot Ethereum ETF saw a net outflow of $28 million yesterday. Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and should not be considered actual investment advice. 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