Gate Research Daily Report: On July 1, BTC and ETH both fell by over 1%, a reasonable correction following the recent token price surge. Online brokerage Robinhood announced that it will allow EU clients to trade U.S. stocks and ETFs on the blockchain, with plans to transfer these tokenized stocks to its own Layer 2 blockchain, Robinhood Chain. Stablecoin issuer Circle has applied for a U.S. national banking license, enabling it to act as a custodian for USDC reserves and hold crypto assets for institutional clients. Polygon Labs, in collaboration with crypto market maker GSR, launched Katana, a DeFi-focused Ethereum Layer 2 blockchain, aimed at addressing on-chain asset fragmentation and unsustainable yields driven by high inflation.