BNB presales attract record capital as MemeToro uses an audit, fair-launch tools, and AI infrastructure to address common memecoin risks.
MemeToro has released new details explaining how the $MT utility token is designed to connect the products within its AI-powered blockchain ecosystem. Rather than serving a single function, the company said $MT will provide access across multiple platform services, including AI-powered applications, market analytics, decentralized prediction markets, staking, and future governance initiatives.
According to MemeToro, the framework is intended to support a connected user experience where each product contributes to activity across the broader ecosystem instead of operating independently.
The announcement forms part of MemeToro’s ongoing roadmap as the company continues developing blockchain infrastructure on the BNB Chain.
One Token Designed for Multiple Platform Services MemeToro said the $MT token has been designed as the common utility asset across the platform.
Users will be able to use the token to access AI-powered features, participate in decentralized prediction markets, stake tokens, unlock premium platform functionality, and interact with future products released by the company.
According to MemeToro, bringing these services together through a single utility token reduces fragmentation while creating a consistent experience across the platform.
The company expects additional utilities to be introduced as development continues.
Connected Products Create a Unified User Experience The published ecosystem framework outlines how multiple platform features are intended to interact.
Users will be able to discover new memecoins through the platform’s analytics tools, follow market activity using live rankings, participate in prediction markets, and access AI-powered blockchain applications without leaving the ecosystem.
According to the company, connecting these products allows activity generated in one area of the platform to support engagement across others.
The framework also provides flexibility for additional services planned in future roadmap updates.
Public Presale Continues Ahead of Platform Launch Alongside the ecosystem update, MemeToro confirmed continued progress during Stage 4 of its public presale.
According to the company, more than $80,178.47 has been raised, representing 73.28% of the current fundraising target of $109,411.90.
The Stage 4 token price is $0.00232 per $MT, while the company has published a planned launch price of $0.01875 following completion of the presale, subject to the project’s roadmap.
MemeToro said funds raised during the public presale will support continued software development, security, infrastructure, and the rollout of products outlined in its development roadmap.
MemeToro has a fixed total supply of 1.2 billion tokens, with allocations distributed across the public presale, ecosystem development, staking rewards, liquidity, treasury, marketing, strategic partnerships, and operational growth.
According to the company, public presale allocations are expected to become available at launch, while selected allocations for marketing and partnership initiatives follow a 24-month vesting schedule.
MemeToro said the published allocation model is intended to support long-term ecosystem development while providing transparency around token distribution as the platform moves toward launch.
About MemeToro MemeToro is a blockchain project developing an AI-powered ecosystem on the BNB Chain. The platform combines AI-powered memecoin creation, live market analytics, decentralized prediction markets, staking, and blockchain applications through the $MT utility token. The company is building an integrated Web3 platform designed to simplify blockchain participation while expanding the practical use of artificial intelligence across decentralized technologies.
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Website: https://memetoro.com/
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Wanchain’s Cardano-BNB Bridge, a cross-chain protocol allowing asset transfers between Cardano [ADA] and other blockchain networks, was allegedly compromised.
This opened doors for attackers to drain up to 515 million NIGHT tokens worth $9 million from the bridge’s treasury.
As per the investigation, the exploit was induced by a cryptographic vulnerability in the bridge’s TreasuryCheck validator called non-injective signed-message encoding.
Multiple withdrawals lead to the loss of 515 mln NIGHT For context, each withdrawal request in a secure system is supposed to generate a distinct message. This is to ensure that a validator’s digital signature can only authorize that particular transaction.
However, this vulnerability was possible due to multiple withdrawal requests to generate the same encrypted message.
As a result, the illicit actor was able to secure the ability to authorize phony withdrawals without having access to the validator’s private key. For its part, this was done by reusing a legitimate signature from a legitimate transaction.
Moving ahead, the wrongdoer also laundered the stolen NIGHT tokens to ADA on the Cardano network.
Steps taken and impact on NIGHT Since then, Wanchain has halted the Cardano-BNB Bridge and begun an investigation. They even confirmed that the incident was restricted to the bridge and had no impact on Midnight’s network or Cardano’s core blockchain.
Source: Wanchain/X Surge in exploits, but hope remains In fact, in the past week, the crypto space has witnessed multiple exploits wherein the wrongdoer took advantage of a distinct flaw in a decentralized protocol. This included the Allbridge Core, a cross-chain bridge exploit that resulted in the loss of $1.65 million.
Then a perpetual decentralized exchange on Arbitrum called Ostium was the target of an oracle exploit, resulting in the loss of $18 million. Lastly, a malicious governance proposal that was approved resulted in an exploit that cost the BONK ecosystem about $20 million.
Yet despite an increase in attack frequency, DeFiLlama stated that overall losses dropped precipitously to $1 billion as of July 2026 as compared to $2.135 billion seen in the same period in 2025.
Source: DeFiLlama Final Summary A cross-chain protocol exploit resulted in the loss of 515 million NIGHT tokens worth $9 million. The exploiter earned access to authorize fake withdrawals by reusing a legitimate signature from a legitimate transaction.
BNB is fighting to clear $540 as the wider altcoin market absorbs another wave of liquidations. Compliance progress and upcoming Binance Launchpool announcements may help BNB lead an ecosystem recovery once risk appetite improves. MemeToro is building directly on BNB Smart Chain, using its speed and low transaction costs to support AI-created memecoins, trading, and discovery.
BNB Must Break Through $540 The immediate BNB price prediction depends on the $540 resistance level. Bulls need to move through that area before the chart can support a stronger recovery toward $600.
The altcoin market recently lost 6.8% of its value within 48 hours as leveraged long positions were liquidated. BNB has shown relative resilience, but market-wide selling still limits its ability to break resistance.
Michaël van de Poppe expects BNB’s ecosystem utility to lead a recovery once the risk-off environment clears. His $600 outlook assumes that market pressure fades and users continue interacting with Binance-linked products.
Failure to clear $540 would keep BNB inside its present range. A successful move above the level could attract technical buyers and improve the short-term structure.
Launchpool Activity Could Tighten Supply Upcoming Binance Launchpool announcements are central to the bullish BNB price prediction. Users typically lock BNB to earn allocations from newly launched projects.
More tokens committed to Launchpool can temporarily reduce the liquid BNB available for sale. If demand rises at the same time, that supply effect may support the price.
Recent compliance updates also appear to have separated BNB from new SEC enforcement actions affecting other parts of the market. This has helped cap downside risk relative to several large altcoins.
Regulatory progress does not eliminate risk, but it removes one source of uncertainty. BNB must now convert clearer conditions and Launchpool activity into enough buying pressure to reclaim $540.
MemeToro Uses BNB Chain For Its AI Platform MemeToro is being developed initially on BNB Smart Chain. The network provides low transaction fees and quick execution for a platform expected to handle frequent token launches, swaps, and smaller transactions.
Its AI agent scans live news, social media, and online communities for narratives gaining attention. It can generate a token name, concept, logo, branding, and marketing content before deployment.
MemeToro offers several BNB Chain benefits:
Low-cost token creation Faster memecoin transactions Automated AI launches Fair distribution without insiders PancakeSwap migration Integrated discovery dashboards The platform also plans anti-bot and anti-whale measures to create more controlled launch conditions.
Stage 4 Adds Activity To The Ecosystem MemeToro has raised $80,178.47 during Presale Stage 4. The round has reached 73.28% of its $109,411.90 target.
$MT currently costs $0.00232, while MemeToro lists $0.01875 as its official launch price. The planned difference is approximately 8.08 times, although post-launch market conditions may produce another value.
Participants can connect a compatible wallet to BNB Chain and purchase with BNB, ETH, supported stablecoins, or bank cards. Their $MT allocations are expected to become claimable at launch.
Early users may access staking, trading tools, prediction markets, and token dashboards as those products become available.
BNB Price Prediction Connects With Network Growth BNB needs a clean break above $540 before a move toward $600 becomes more convincing. Launchpool demand, compliance progress, and continued BNB Chain activity support that case.
MemeToro contributes a smaller but relevant network use case. Its AI agent is designed to create memecoins, while its dashboards and trading tools could generate recurring transactions on BNB Chain.
The project remains in development, so it cannot yet provide the same measurable activity as established applications. Its Stage 4 raise does show early demand before public launch.
The BNB price prediction depends on the entire ecosystem rather than one presale. Still, MemeToro benefits directly from a BNB recovery, while BNB Chain could gain another AI-led application if the platform attracts creators and traders.
FAQs Can BNB Reach $600? BNB could approach $600 if it clears $540, Launchpool activity increases, and the wider risk-off environment begins to ease.
Why Is MemeToro Building On BNB Chain? BNB Chain offers low fees, fast transactions, and direct access to PancakeSwap, making it suitable for frequent memecoin launches and trades.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Cardano (ADA) price is up by 7.1% today, July 21, to trade at $0.175 at the time of writing. These gains come despite a hack on the Wanchain bridge that links Cardano with BNB Chain. This hack also comes barely one month after the SecondFi protocol lost $2.4 million in an exploit that occurred on June 24, 2026.
However, while ADA price is gaining, the NIGHT token is down by 25% amid reports that the recent hack drained $13 million worth of NIGHT tokens from the bridge.
Cardano Gains, NIGHT Token Crashes After Wanchain Bridge Exploit Data from CoinMarketCap shows that the NIGHT token dropped from $0.026 to $0.019 on July 21 after reports of an exploit on the Wanchain bridge.
NIGHT/USDT Chart (Source: TradingView) The drop comes after reports that the attackers stole 515 million NIGHT tokens from the bridge’s treasury. This moved some holders to start dumping their ADA holdings as speculation grew that the hackers might sell these tokens.
But while the price of NIGHT dropped to a record low of $0.015, Cardano price gained by 7% because the hack did not take place on Cardano’s layer-one network.
Besides, Cardano has been on an uptrend since the Van Rossem hard fork occurred on the Cardano network on June 19. This hard fork paves the way for a Leios upgrade that could make Cardano 60 times faster.
Cardano Price Breaks Resistance as Momentum Shifts Bullish The price of Cardano has moved to resistance at the middle Bollinger band of $0.15. The last time that ADA moved above this band was on July 2, and the price later gained by 33% to $0.20.
If ADA repeats this trend, closing above the resistance at the middle band could push it to the upper band of $0.18.
The RSI reading of 56 also supports that the long-term Cardano price forecast is bullish. This RSI has also created a higher high, suggesting that there is more buying pressure than selling pressure.
ADA/USDT: 1-day Chart (Source: TradingView) If this buying pressure remains high even after Cardano closes above $0.18, the next bullish leg could be a run to the June 4 high of $0.20.
But if this bullish thesis fails and profit-takers start to sell, Cardano might drop to the lower Bollinger band of $0.15.
Cardano DeFi TVL Sheds 100M ADA Data from DeFiLlama shows that the TVL on Cardano has dropped from 512 million ADA on July 1 to 407 million ADA on July 21.
This TVL has shed 105 million ADA in July 2026 alone, with these tokens being worth $17.85 million at the current price of Cardano.
Cardano DeFi TVL (Source: DeFiLlama) However, the recent hack on the Wanchain bridge has caused a slight surge in DEX volume on Cardano from $549,000 on July 19 to $35 million on July 21.
The stablecoin market cap on the network has also climbed from $58 million on July 8 to $62 million at the time of writing.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices
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Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.
The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)
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Meme coin launch platform pump.fun has announced the launch of its new BOOST mode, set as the default launch mechanism for all new Pump.fun tokens moving forward. The feature is designed to address the long-standing "dead liquidity" problem during token migrations, using a buyback and burn mechanism to re-inject liquidity that was previously permanently locked back into the token market. Pump.fun noted that over $100 million in liquidity is permanently lost annually during token migrations, with these funds no longer available to support market liquidity. Historically, roughly 20% of liquidity remains stuck in liquidity pools (LPs) for every token that completes migration — even after all traders sell their positions, some funds stay locked in the pools permanently. BOOST mode will leverage this trapped liquidity to re-inject into the market via an automatic buyback mechanism within 5 minutes of each token migration completion. Specifically, BOOST will execute buybacks using a post-migration time-weighted average price (TWAP) and automatically burn the purchased tokens. For SOL trading pairs, 17.6 SOL will be injected, while USDC trading pairs will receive $2,516 in funds. The mechanism requires no manual activation from users: all new Pump.fun tokens that complete migration after 10:23 AM Eastern Time (ET) on July 21 will automatically enable the BOOST configuration. Tokens migrated prior to this date or issued via the Mayhem platform do not include the feature. The upgrade aims to improve trading experiences and enhance the long-term utilization efficiency of liquidity within the ecosystem.
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According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PancakeSwap just crossed $1 billion in cumulative trading volume for tokenized assets on its decentralized exchange. To put that growth rate in perspective, the platform reported $100 million in tokenized asset volume during its mid-year recap on July 17. Four days later, that number was ten times larger.
The numbers behind the milestone PancakeSwap’s tokenized asset volume is impressive on its own, but it looks even more interesting when you zoom out. The platform has accumulated $4.2 trillion in total lifetime trading volume across all asset types, with a user base of 190 million.
The BNB Chain, where PancakeSwap does the bulk of its work, now hosts over 709 tokenized stocks and ETFs. The chain’s cumulative volume for tokenized stocks alone has surpassed $5 billion, making it the dominant blockchain for this particular flavor of on-chain trading.
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Among the standout products, the tokenized Nasdaq-100 (QQQB) exceeded $100 million in 24-hour volume. PancakeSwap also facilitates trading in Binance’s bStocks, which include tokenized versions of household names like NVIDIA and Tesla.
Why tokenized assets are gaining traction Traditional stock markets operate roughly 6.5 hours per day, five days per week. Crypto markets never close. Tokenized assets bridge that gap, letting traders access equity exposure with the same 24/7 availability they expect from Bitcoin or Ethereum.
The 56 million CAKE tokens burned during the reporting period leading up to the July 21 announcement also suggest healthy protocol economics. Token burns reduce circulating supply, and when they’re funded by genuine trading activity rather than artificial mechanisms, they indicate sustainable demand.
Context and competitive landscape There’s an important distinction between institutional RWA tokenization and what PancakeSwap is doing. Institutional efforts tend to focus on bonds, treasuries, and private credit. PancakeSwap is bringing retail-friendly products like individual stocks and popular ETFs to a decentralized trading environment.
The BNB Chain’s dominance in this space, with over 709 tokenized products and $5 billion in cumulative stock volume, gives PancakeSwap a structural advantage.
What this means for investors Regulatory risk remains the elephant in the room. Tokenized stocks exist in a gray area in many jurisdictions. Whether they’re classified as securities, derivatives, or something else entirely varies by country, and enforcement actions could reshape this market overnight.
For CAKE holders specifically, the combination of growing volume and ongoing token burns creates a potentially favorable supply-demand dynamic. PancakeSwap has found a product-market fit that extends beyond memecoins and DeFi-native tokens, and that diversification of revenue streams is exactly what a mature DEX needs to stay relevant in an increasingly competitive landscape.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wanchain’s Cardano-to-BNB Chain bridge has reportedly suffered an exploit that drained about 515 million NIGHT from its Cardano-side treasury, according to blockchain security firm BlockSec.
Summary
BlockSec said roughly 515 million NIGHT left Wanchain’s Cardano bridge treasury during the reported exploit. Midnight said its core network remained secure, describing the incident as isolated to bridge infrastructure. NIGHT fell more than 30% as investigators examined possible signature reuse in Wanchain validator logic. The incident triggered heavy selling of Midnight’s native token and sent NIGHT down more than 30% within 24 hours.
BlockSec’s Phalcon said its initial investigation pointed to a possible flaw in the TreasuryCheck validator used by the bridge. The security firm stressed that its findings remain preliminary. Meanwhile, the Midnight Foundation said the incident affected third-party bridge infrastructure rather than the Midnight blockchain itself.
BlockSec points to possible signature reuse flaw According to BlockSec, the reported Wanchain Cardano bridge exploit may stem from the way the TreasuryCheck validator creates messages for signing. The firm said the validator combines 14 fields of varying lengths without adding clear separators or recording the length of each field. That structure could allow different sets of data to produce the same final byte string.
BlockSec said this could create a path for a signature reuse attack. An attacker may be able to reorganize field values while keeping the same signed message, allowing a previously valid signature to authorize a different transaction.
The firm said it reached its initial view after examining the onchain Plutus V2 code and the transaction linked to the reported attack. The investigation remains ongoing, and Wanchain had not published a full technical postmortem at the time of writing.
The security firm said a more structured encoding method could have prevented this type of ambiguity. Its analysis noted that the contract already contained Cardano’s SerialiseData function, but the bridge did not appear to use it when building the signature hash. BlockSec said encoding each field with clear boundaries would prevent two different data sets from producing an identical signed message.
Wanchain originally launched cross-chain support for NIGHT between Cardano and BNB Chain in December 2025. The bridge allows users to move the token between the networks through cross-chain infrastructure operated by Wanchain. Cardano’s official ecosystem directory describes WanBridge as using threshold-signature relayers to connect Cardano with EVM and non-EVM networks.
Midnight says the core network remains secure The Midnight Foundation initially said it was investigating reports of an incident involving the Wanchain Cardano-to-BNB bridge and bridged NIGHT. It later issued a clarification saying the event was limited to Wanchain’s third-party bridge infrastructure.
“The incident is isolated to the Wanchain Cardano–BNB bridge and does not involve the Midnight Network itself,” the foundation said.
It added that Midnight’s protocol, validators, consensus system and core infrastructure continued to operate normally. The organization said it was working with Wanchain as the bridge operator continued its investigation.
The distinction matters because the reported attack involved tokens held to support cross-chain transfers rather than a change to NIGHT’s total supply. NIGHT is Midnight’s native governance token and also generates DUST, the network resource used for transactions and smart contract execution. Midnight lists the token’s total supply at 24 billion.
Midnight operates as a privacy-focused Cardano partner chain with a dual-token economic model built around NIGHT and DUST. The project launched its mainnet in March 2026, while NIGHT remains publicly transferable and tradable.
NIGHT sinks as hundreds of millions of tokens move NIGHT sold off sharply as reports of the bridge incident spread. CoinGecko data showed the token trading near $0.0186, down about 31% over 24 hours. At those prices, 515 million NIGHT would carry a market value of roughly $9 million to $10 million. The value can move quickly because of the token’s volatility.
The large movement of NIGHT created immediate selling pressure because hundreds of millions of tokens reportedly left the bridge treasury within a short period. However, the Midnight Foundation has not said that the Midnight protocol itself created new tokens or suffered a consensus failure. Its statements have consistently described the event as a cross-chain bridge issue.
The price decline reversed part of NIGHT’s earlier market gains since Midnight’s launch. As crypto.news reported in March, NIGHT rose more than 20% around the mainnet rollout. The token has since faced a more volatile market, and the latest bridge incident has brought renewed attention to the risks created when native assets move through third-party infrastructure.
Bridge security remains a recurring problem across crypto The reported Wanchain incident follows several bridge attacks in 2026. As previously reported, Taiko halted parts of its network after a verification problem affected its bridge system. Other recent incidents involved Verus Protocol, Axelar-linked routes and older Aztec infrastructure.
A separate crypto.news guide on cross-chain bridge security explains that bridges often hold large pools of assets while relying on complex systems to verify transactions between networks that cannot communicate directly. Weaknesses in message validation, signer systems and smart contract logic have repeatedly provided attack routes.
The Wanchain case remains under investigation. BlockSec has presented a possible technical cause, while Midnight has limited its confirmed assessment to the bridge layer. Wanchain still needs to provide a full account of the transaction flow, the exact vulnerability, the status of bridged NIGHT
515 Million NIGHT Tokens Drained in Bridge AttackWanchain's bridge connecting Cardano to BNB Chain was exploited on July 21, 2026, with approximately 515.2 million $NIGHT tokens drained from the bridge treasury. The stolen tokens were worth roughly $13 million at pre-exploit prices. CoinGecko data showed the token trading near $0.0186 after the incident, placing the value of 515 million NIGHT closer to $9 million to $10 million at prevailing prices.
The incident unfolded in just four rapid transactions over an eight-minute window. BlockSec Phalcon traced the attacker's redeemer back to a legitimate BSC transaction that authorized only around 3,110 NIGHT, with the same signature then reused on Cardano to extract more than 203 million NIGHT through field-boundary ambiguity in the raw-concatenated hash. The attacker funneled stolen tokens into a primary wallet on Cardano before aggressively liquidating roughly 90% of the haul through DEX swaps and DeFi protocols.
Validator Flaw at the Root of the ExploitBlockSec's monitoring revealed that the attack exploited a vulnerability in the TreasuryCheck validator's signature message encoding. The issue arose from the raw concatenation of 14 variable-length redemption fields without delimiters, allowing different field combinations to produce identical byte strings and reuse the same hash and signature. BlockSec confirmed the vulnerability by analyzing on-chain Plutus V2 bytecode and decoding the attack transaction's redemption data, noting that use of Sha3_256(SerialiseData(...)) could have prevented this by providing clear CBOR-encoded field boundaries.
Wanchain confirmed it was aware of an incident affecting the Cardano BNB Chain bridge, resulting in the withdrawal of NIGHT tokens from the bridge contract on Cardano, and said the bridge was taken offline while the team investigates. Midnight said its core network remained secure, describing the incident as isolated to bridge infrastructure.
NIGHT is Midnight's native governance token and also generates DUST, the network resource used for transactions and smart contract execution. Midnight operates as a privacy-focused Cardano partner chain with a dual-token economic model, and launched its mainnet in March 2026. NIGHT sold off sharply as reports of the bridge incident spread, falling more than 30% within 24 hours to a record low near $0.016.
Wanchain originally launched cross-chain support for NIGHT between Cardano and BNB Chain in December 2025. The latest bridge incident has brought renewed attention to the risks created when native assets move through third-party infrastructure.
2026 has been particularly challenging for the crypto market, with hacking incidents becoming rampant.
In July, for example, over $59 million worth of crypto assets were exploited, raising total hacks to $1 billion in 2026 so far. Amid this surge, cross-bridge exploits have dominated, with the Midnight network as the latest victim.
Midnight suffers a cross-bridge exploit Midnight Foundation and on-chain monitors reported a security incident affecting the Wanchain Cardano-to-BNB cross-chain bridge.
A 2-year-old contract that contained 515 million NIGHT was hacked, and all tokens were drained from the custody backing Wanchain-wrapped NIGHT on BNB.
Thereafter, funds were routed through fresh wallets and dumped on Cardano DEXs. The attacker sold 290 million NIGHT and is likely to sell the remaining tokens.
As a result, the wrapped NIGHT on BNB is now unbacked, even though its supply remains unchanged. However, the Midnight Foundation clarified that the Midnight network itself remained secure, with the incident isolated to cross-bridge operations.
NIGHT plummets amid extreme sell pressure After the security incident, the NIGHT token crashed heavily. The altcoin dropped 32%, hitting a new all-time low of $0.015 before slightly rebounding to $0.019 as of writing. Over the same period, market cap dropped 27% to $324 million, while the trading volume skyrocketed 829% to $131 million.
Rising volume, alongside dipping price and market cap, signaled increased sell-side activity. In fact, exacerbated by attackers selling, the selling pressure intensified.
Source: Coinalyze After the news, other holders panicked and quickly closed their positions.
On the Spot market, the Sell Volume rose to 624 million over the past 24 hours. Similar behavior was observed in the Futures market. As a result, traders exited the market, driving Futures Outflows to $67.4 million.
Source: CoinGlass At the same time, inflows dropped to $62.3 million, with Netflow falling 1000% to -$5.1 million. The funds indicated that most traders turned bearish and closed positions to avoid further losses.
What’s next for NIGHT? NIGHT is currently experiencing strong bearish pressure, as most market participants have significantly reduced exposure.
In that light, the altcoin’s Relative Strength Index (RSI) crashed into oversold territory, falling to 17 at press time. The RSI at such extreme lows confirmed heightened market pressure, with sellers in control.
Source: TradingView Such market conditions warn of the likelihood of extended weakness. If the negative sentiment persists, Midnight will hold below $0.02 with $0.015 as support.
Final Summary Midnight suffered a cross-bridge exploit with 515 million NIGHT drained from the Wanchain Cardano-to-BNB bridge. NIGHT crashed 32%, hitting a new all-time low of $0.015 amid intense panic selling.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
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ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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Chainlink Steps In as Core Infrastructure for United Stables@Chainlink has been named the official data oracle and cross-chain infrastructure provider for @UTechStables, with the partnership aimed at broadening the reach of the $U stablecoin across decentralised finance on @BNBCHAIN.
The move gives the $U ecosystem access to Chainlink's price feeds, cross-chain messaging, and interoperability tooling. For a stablecoin focused on unified liquidity, reliable and tamper-resistant data infrastructure is a core requirement. Chainlink's network has enabled tens of trillions in transaction value and underpins a large share of DeFi activity globally.
What United Stables Is Building With $UAccording to BNB Chain, $U is the first stablecoin on BNB Chain to adopt a stablecoin-inclusive reserve model, allowing USD-backed stablecoins such as USDT, USDC, and USD1 to be used directly as minting collateral. The approach consolidates existing liquidity rather than competing for it. Crypto Briefing reports that $U is deployed on both BNB Smart Chain and Ethereum, offering immediate multi-chain access from launch.
All reserves are held in segregated accounts, verified through on-chain Proof-of-Reserve, and subject to independent quarterly audits. From day one, $U integrates with DeFi protocols including PancakeSwap, Aster, Four.meme, and ListaDAO, covering trading, liquidity provision, staking, and lending.
The Chainlink integration positions @UTechStables to scale $U across protocols within the BNB Chain ecosystem and, over time, beyond it. BNB Chain's total stablecoin supply has doubled to approximately $14 billion, and the network has consistently led all blockchains in monthly active addresses and transaction count for stablecoins. The Chainlink partnership gives $U the infrastructure backbone to compete in that growing market.
Sources
BNB Chain Blog: United Stables Launches $U as a Native Stablecoin on BNB Chain
Crypto Briefing: U Stablecoin Launches on BNB Chain and Ethereum
GlobeNewswire: $U Stablecoin Launches on BNB Chain and Ethereum by United Stables
Cross-chain bridge protocol Allbridge has suspended its Core protocol following a flash loan attack, with the attacker stealing approximately $1.65 million in assets from Solana stablecoin liquidity pools. According to analysis from blockchain security firms PeckShield and CertiK, the attacker borrowed $1.12 million in flash loan funds via Solana lending protocol Kamino, then manipulated the price mechanism in Allbridge’s pools through multiple stablecoin swaps to convert assets at a discounted rate before bridging the funds to an Ethereum address. During the attack, the attacker used thousands of dollars in USDT to obtain around $2.24 million in USDC, then bridged the funds to Ethereum and further dispersed them. It remains unclear whether any of the stolen funds can still be recovered. Allbridge said its team suspended the Core protocol for security reasons and is asking affected liquidity providers to withdraw their funds immediately. The attack caused liquidity pool imbalances, allowing some traders to profit from arbitrage opportunities. Allbridge is calling on these users to return their gains, noting the funds will be used to compensate affected LPs. The team added that user funds face no further risk at present, and will release a detailed incident analysis after completing its investigation, while planning to relaunch the Core protocol with liquidity pools removed. This is Allbridge’s second similar flash loan attack. In April 2023, the protocol’s BNB Chain liquidity pool lost approximately $573,000 due to a similar vulnerability; the project later stated it had recovered most of the funds and adjusted its liquidity calculation mechanism.
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Tokenized stocks just crossed a threshold that would have seemed ambitious two years ago. The sector hit a record market cap of $2.3 billion around mid-July 2026, according to data from Token Terminal, nearly doubling since March 2026 when the total first cleared $1 billion.
Who’s building it and where it lives Ethereum leads the chain-level race with 34% of tokenized stock market share, followed closely by BNB Chain at 30% and Solana at 23%.
On the issuer side, Ondo Finance sits at the top with $955 million in onchain equities, making it by far the largest single player in the space. Kraken’s xStocks product holds $507 million, and Binance’s bStocks rounds out the top three at $334 million.
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Kraken’s xStocks launched in April 2025, and cumulative trading volume on the platform exceeded $25 billion within eight months of launch.
Solana’s tokenized stock market cap reached $539 million by June 2026, and trading volumes on the network saw a sixfold increase totaling $4.9 billion in the first half of 2026 compared to the second half of 2025.
Why this is bigger than the numbers suggest Tokenized stocks currently represent about 5.5% of the overall tokenized real-world asset market.
The core value proposition here is access. Tokenized stocks enable fractional ownership, run on blockchains that operate around the clock, and are accessible to non-U.S. investors who historically faced the highest barriers.
NYSE’s partnership with Securitize is working to expand tokenized equity offerings and enable 24/7 trading, which would be a structural change from the current model of market hours constrained by exchange operating times.
What this means for investors Liquidity is improving as platforms scale, but it is still nowhere near the depth of conventional exchanges. Ondo Finance, Kraken, and Binance each have different structures for how underlying shares are held, custodied, and redeemable, and those structural differences carry different risk profiles.
Ondo Finance’s lead comes partly from its integration with DeFi protocols, meaning tokenized stocks can be used as collateral, lent out, or traded in automated markets, not just held.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is pleased to launch a new Word of the Day (WOTD) game! The theme of this week’s WOTD is “TradFi Meets Crypto”. Read selected articles to learn more about this topic and participate in this week’s WOTD to grab a share of the rewards. Activity Period: 2026-07-20 00:00 (UTC) to 2026-07-26 23:59 (UTC) Complete 5 Words to Unlock Your Share of 15 BNB WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments. How Does It Work All eligible users may play up to two WOTD games per day to test their knowledge on the given topic.Users who achieve at least five correct answers during the Activity Period will be eligible to share a 12 BNB reward pool, distributed based on each user’s proportion of correct answers (User’s correct answers / Total correct answers of all eligible users), with a maximum reward cap of 0.01 BNB per user.In addition, users who achieve at least five correct answers and participate in the WOTD game on five or more separate days during the Activity Period will be eligible to equally share an additional 3 BNB reward pool, which will be distributed equally among all eligible users who satisfy these requirements.All rewards will be distributed by 2026-08-09 23:59 (UTC) directly to the user’s Rewards Hub.Eligible users should claim their vouchers before the expiration date. No replacement reward will be provided. Learn how to redeem a Binance voucher. How to Enable the Second WOTD Game After the first game, click the "Get A New WOTD" button.Share the featured link on social media.Unlock the second WOTD game once the shared link is clicked by a logged in user. New User Welcome Bonus In addition, all new users who register for a Binance account using the “WOTD” referral code or via this referral link during the Activity Period, will each receive 10% off their Spot trading fees. Users may also qualify for additional welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration. Play WOTD Now to Earn Rewards! Related Readings for This Week’s WOTD Why Traditional Markets Are Starting to Trade Like Crypto, According to ThreadGuy Terms & Conditions Binance reserves the right to modify or cancel the Promotion at any time without prior notice.Binance reserves the right to update the list of eligible countries/regions for the Promotion at any time. Users who were previously able to participate may no longer be eligible to join or receive rewards under the updated terms.These terms and conditions (“Activity Terms”) govern users’ participation in this WOTD activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.The WOTD game may not be available in certain countries/regions. Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.For the new user welcome bonus: The 10% Spot trading fee discount will remain valid as long as the Binance referral program is in place. Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-20 Disclaimer: bStocks Tokenized Securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized Securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading Tokenized Securities is lawful in your jurisdiction before proceeding. Accessing this product from a jurisdiction in which it is prohibited or restricted does not create any liability or obligation on the part of Binance. We may restrict, suspend, reject, cancel, or unwind access or transactions if we determine, in our sole discretion, that your access or transaction may breach applicable law, product restrictions, eligibility criteria, sanctions requirements, or the relevant offering documents. No information displayed in connection with Tokenized Securities is intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Tokenized Securities are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. The Tokenized Securities have not been and will not be registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and a public offering of bStocks will not be conducted in the United States or any other jurisdiction (other than the ADGM). By accessing this product, you represent and warrant that you are not a U.S. person, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not access, purchase, sell, transfer, redeem, or otherwise transact in Tokenized Securities from within the United States. For more information, see the Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus (if applicable to you and understanding that the offer is only made in ADGM, no public offer is being made elsewhere and viewing the prospectus does not constitute an invitation or solicitation outside ADGM), bStocks Minting and Redemption Product Terms, Admission to Trading Notice and Risk Warning.
Franklin Templeton, one of the world’s largest asset managers, has expanded its $1.5 billion BENJI tokenized money market fund to BNB Chain, marking a major step in its multichain distribution strategy. The move positions BNB Chain as the leading network for the BENJI fund by asset value, highlighting the rising role of public blockchains in institutional finance.
BNB Chain overtakes Stellar as BENJI’s top networkWith the recent expansion, BNB Chain now holds approximately $1.5 billion in BENJI-linked assets, representing 61.71% of the fund’s total distribution. This surge was accompanied by a 1,226% monthly increase in assets held on BNB Chain, enabling it to surpass Stellar and become the largest blockchain supporting the fund.
Stellar, an open-source network designed for fast and affordable cross-border payments, initially provided the core infrastructure for Franklin Templeton’s blockchain-based fund when it launched in 2021. Despite its foundational role, the rapid growth on BNB Chain has shifted the balance of asset allocation in recent months.
Ethereum currently ranks third, accommodating $159 million in BENJI assets or about 6.48% of the total. Other blockchains—including Base, Arbitrum, Avalanche, Polygon, and Aptos—account for only a minimal share in the remaining distribution.
Industry analysts note that Franklin Templeton’s expansion to networks beyond Stellar underscores the company’s evolving commitment to multi-chain accessibility for its regulated tokenized investment vehicles.
BlockchainBENJI Asset ValuePercentage of TotalBNB Chain$1.5 billion61.71%StellarNot specifiedDecreased shareEthereum$159 million6.48%Other blockchainsMinimalLower than 6% BNB Chain’s total BENJI fund allocation rose sharply, overtaking Stellar with a 1,226% monthly increase and now represents more than 61% of the assets associated with the fund.
Mini dictionary: Franklin Templeton, based in the United States, is a global investment management firm with a focus on mutual funds, ETFs, and alternative investments.
Institutions adopt tokenized financeFranklin Templeton has accelerated blockchain adoption by offering its U.S.-registered money market fund in tokenized form, leveraging distributed ledger technology to process transactions, record ownership, and enhance operational efficiency for accredited investors.
The decision to add BNB Chain—a layer 1 blockchain developed by Binance—increases transaction speed and reduces network fees for institutions accessing BENJI shares. Meanwhile, the company continues to broaden investor access through partnerships with leading digital asset companies and infrastructure providers.
Recent collaborations involve well-known exchanges such as Binance and Kraken, along with fintech provider MoonPay, enabling eligible institutional clients to use BENJI for collateral management and investment purposes.
Asset tokenization, which is the process of representing real-world assets as digital tokens on a blockchain, has gained traction across traditional and crypto financial sectors. Industry participants report a growing number of live trades involving tokenized securities, signaling progress beyond experimental pilot phases.
Franklin Templeton’s latest expansion highlights the growing confidence among asset managers in using public blockchains as infrastructure for compliant and regulated financial products. As more platforms compete for institutional investment activity, the trend toward multi-chain distribution is expected to accelerate.
The BENJI fund’s expansion to BNB Chain demonstrates the continuing momentum of tokenized finance and signals increasing competition among blockchains vying for institutional participation.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Binance Coin (BNB) is holding a steady position as buyers protect a key support level, maintaining a cautiously optimistic outlook on the asset. Traders are watching for a decisive breakout that would confirm further upward momentum for BNB’s price.
BNB faces resistance ahead of potential price rallyBNB is currently priced at $571.09. Over the past 24 hours, the token recorded a trading volume of $836.62 million and achieved a market capitalization of $76.04 billion.
Crypto analyst Umair Orakzai observed that BNB’s recent recovery aligns with previously noted liquidity areas of interest. The token climbed by approximately 2% from its support zone, indicating increased buying activity. However, he also noted that the recent bounce did not produce a strong bullish candle close, suggesting cautious optimism persists among market participants.
The price is expected to encounter significant resistance at $581.87. If BNB moves above this level, it could trigger renewed bullish sentiment, potentially driving the token toward $600 and possibly up to $700. If the resistance holds, downside risks may increase as sellers could regain control.
Market observers emphasize that BNB must surpass the $581.87 resistance level to sustain its upward momentum and target higher price points such as $600 and $700.
BNB’s current technical structure supports a conservative outlook until confirmation of a strong breakout is observed.
LevelPriceImplicationCurrent price$571.09Above key supportResistance$581.87Breakout point for bullish reversalTarget range$600 – $700Potential rally targets if resistance breaksTokenized Hong Kong stocks debut on BNB Chain via Stove ProtocolStove Protocol, a decentralized platform specializing in asset tokenization, recently launched tokenized versions of Hong Kong-listed stocks on the BNB Chain. This move gives users the ability to access and invest in Hong Kong equities directly within the blockchain ecosystem, effectively bridging the gap between conventional finance and decentralized markets.
BNB Chain, developed by Binance to support decentralized applications and smart contracts, expands its real-world asset offerings with this new integration. Users now have an on-chain pathway to global stock markets without leaving the broader blockchain environment.
The listing demonstrates growing demand for tokenized assets, reflecting the broader market’s push to merge traditional financial instruments with emerging decentralized platforms.
Mini dictionary: Stove Protocol is a decentralized platform focused on tokenizing real-world assets such as traditional stocks, giving blockchain users a way to invest in legacy market instruments via on-chain solutions.
Together with rising adoption of tokenization and strong technical support levels, BNB may benefit in the long run from the convergence of these financial ecosystems.
With tokenized Hong Kong stocks available through Stove Protocol on BNB Chain, the platform is expanding investment opportunities for blockchain users and strengthening its appeal as a hub for real-world assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
BNB Chain has become the largest blockchain for assets tracked under Franklin Templeton’s Benji tokenization platform, with about $1.5 billion recorded on the network.
Summary
BNB Chain now hosts $1.5 billion of Franklin Templeton Benji platform assets, leading all networks. RWA.xyz data shows BNB Chain holds 61.71%, while Stellar has fallen to second place overall. Franklin Templeton keeps expanding tokenized finance through Kraken, MoonPay, Binance, and multiple public blockchains globally. The figure represents 61.71% of the platform’s distributed asset value, according to RWA.xyz data cited byBNB Chain.
The milestone marks a sharp change in the platform’s network distribution. BNB Chain holdings rose 1,226% over the past month, moving ahead of Stellar, which previously held the largest share. The data refers to the wider Benji platform rather than only the standalone BENJI tokenized money market fund.
BNB Chain takes the largest share of Benji assets RWA.xyz lists Franklin Templeton’s Benji platform with about $2.44 billion in distributed assets as of July 18. BNB Chain accounts for roughly $1.5 billion of that total. Stellar follows with about $573.4 million, while Ethereum holds around $159.1 million.
$1.5B of Franklin Templeton (@FTDA_US) Benji Investments now sits on BNB Chain.
This establishes BNB Chain as the leading blockchain ecosystem for tokenized products of one of the world’s largest asset managers. pic.twitter.com/edFVfqqnpR
— BNB Chain (@BNBCHAIN) July 17, 2026 Base, Arbitrum, Avalanche, Polygon and Aptos hold smaller amounts. The shift follows Franklin Templeton’s decision to bring its Benji Technology Platform to BNB Chain in 2025. The integration allowed the asset manager to use BNB Chain for transactions and ownership records tied to tokenized financial products.
RWA.xyz separately lists the BENJI asset at about $734.3 million, showing why the platform and fund figures should not be treated as identical. The broader platform includes multiple tokenized products, while BENJI represents one share of the Franklin OnChain U.S. Government Money Fund for investors.
Stellar remains central to Franklin Templeton’s tokenization history Franklin Templeton launched its blockchain-based money market fund on Stellar in 2021. The product became an early example of a U.S.-registered mutual fund using public blockchain technology to process transactions and maintain share ownership records.
Crypto analyst ALLINCRYPTO said Stellar provided the early foundation before Franklin Templeton expanded its tokenization strategy across more networks. However, current RWA.xyz data shows that BNB Chain now holds the largest share of assets tracked across the broader Benji platform. The data does not show how much of the recent increase came from new issuance compared with assets moved between networks.
Franklin Templeton’s $1.5B BENJI fund is expanding to BNB Chain@StellarOrg will remain as the foundation that proved the model, but BENJI is turning into a multi-chain giant.
It just shows tokenised finance is scaling fast and $XLM helped lead the way. 🔥 pic.twitter.com/E1XyQE88Zp
— ALLINCRYPTO (@RealAllinCrypto) July 18, 2026 Franklin Templeton expands BENJI access across crypto platforms Franklin Templeton has also expanded the use of its tokenized products through major crypto companies. As reported by crypto.news, the firm added BENJI to MoonPay Trade in June, allowing eligible institutional clients to move between stablecoins and tokenized fund products through an onchain trading system.
The asset manager also partnered with Kraken parent Payward to integrate BENJI as a collateral and cash management tool. As reported by crypto.news, the partnership also covers plans to develop more tokenized investment products. A separate Franklin Templeton and Binance arrangement allows eligible institutions to use tokenized money market fund shares as off-exchange collateral.
Tokenized finance gains wider institutional distribution Franklin Templeton’s multi-chain strategy comes as more traditional financial firms use public blockchains to distribute regulated investment products. The company has expanded its tokenization work across several networks while also developing new products and distribution partnerships.
As reported by crypto.news, Franklin Templeton has also worked with Ondo Finance on tokenized ETFs designed for round-the-clock wallet-based trading outside the United States. The latest BNB Chain data shows how quickly blockchain distribution can change as issuers add new networks and institutional access points.
For now, BNB Chain leads Franklin Templeton’s broader Benji platform by distributed value, while Stellar remains the network where the firm began its public blockchain fund strategy.
Astarter, a renowned Web3 infrastructure entity for AI agents, has partnered with Trikon, an AI-based Web3 operating system. The partnership endeavors to enhance the infrastructure backing independent AI agents within the Web3 network. As Astarter disclosed in its official announcement, the development merges its AI-powered Web3 operating system with the decentralized execution and compute capabilities of Astarter on BNB Chain. Hence, this combination of the strengths of both platforms is set to streamline blockchain interactions, specifically for AI-led applications, along with enhancing operational efficiency.
🤝 Astarter × Trikon
We're excited to announce our strategic partnership with @0xTrikon, the AI-native Web3 OS abstracting chains, wallets, and gas fees for seamless agent experiences.
Trikon routes agents anywhere, gaslessly, across chains. Astarter delivers the physical… pic.twitter.com/hiVuWGaCd7
— Astarter (@AstarterDefiHub) July 18, 2026 Astarter and Trikon Partner to Simplify Cross-Chain AI Agent Operations The partnership between Astarter and Trikon focuses on combining the AI-driven Web3 operating system with the BNB Chain-based decentralized infrastructure. This move attempts to remove the usual barriers like complicated wallet management, gas fees, and cross-chain navigation. Thus, while AI agents are gaining wider traction across the leading decentralized networks, this move is anticipated to deliver a relatively seamless basis for their execution and deployment.
In this respect, Trikon’s AI-powered Web3 operating system abstracts away the technical complications linked to blockchain usage. It also lets AI agents interact with diverse blockchain ecosystems without compelling developers or users to manually organize wallets, recompense gas fees, or bridge assets. Such a chain-agnostic and gasless approach attempts to permit independent agents to operate freely across diverse networks while keeping a seamless consumer experience intact.
Apart from that, Astarter plays a crucial role in providing the physical compute technology as well as the local execution infrastructure needed for diverse AI agents to run efficiently on BNB Chain. Rather than just facilitating communication between different blockchains, the platform delivers a computing setting where AI-led processes can settle transfers and complete tasks. This capability guarantees that the independent applications possess the computation support to execute real-world activities within decentralized settings.
Strengthening AI-Driven Inclusive Blockchain Infrastructure According to Astarter, the collaboration efficiently merges the intuitive routing technology of Trikon with its execution model. This creates a relatively inclusive infrastructure stack to facilitate AI agents. The joint initiative reflects a wider trend in the blockchain sector, where builders are increasingly developing infrastructure specified for independent AI systems instead of conventional dApps alone. Overall, both entities are set to streamline the whole lifecycle of AI-powered decentralized activities, including cross-chain interactions, transfer settlement, and more.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Binance is the largest exchange, with BNB Chain continuing to make major milestones. The chain is following in the footsteps of early issuers of tokenized stocks and is threatening their positions in terms of total cap.
Tokenized stocks issued by Binance are growing bigger and are now key players in the daily volume traded on Binance. Here is why it’s a threat to Securitize, which has the largest market cap of tokenized stocks.
Binance-issued tokenized stocks’ growth outpaces early issuers According to data from Token Terminal, Binance-issued tokenized stocks added the largest capital in the past 30 days, ahead of all early issuers.
In fact, Binance added over $300 million, followed by Securitize, xStocks, and Robinhood at $179 million, $33 million, and $13 million. Those stocks on Ondo Finance [ONDO] saw the largest outflows of $78 million.
Source: Token Terminal There were 7 key stock drivers of this capital growth on Binance, led by SanDisk [SNDKb] at $59.4 million.
SNDKb was followed by Micron [MUb], SpaceX [SPCXb], and Circle [CRCLb] at $58.7 million, $46.3 million, and $42.7 million, respectively. Stocks on Ondo Finance that were trading on Binance were losing their market capitalization.
Source: Token Terminal Additionally, more tokenized stock volume is set to hit the Binance exchange. This is after tokenized Hong Kong equities went live on BNB Chain through Stove Protocol.
That means trading volume on the Binance exchange will continue growing.
How will the volume and price of BNB react? However, that is not the case when looking at the on-chain data.
The daily futures volume that includes these stocks is $41.08 billion from 742 pairs. It is half the highest volume of this year, which was at $89.82 billion. This suggests the tokenized stocks have yet to make a major impact on daily trading volume.
But already these stocks are among the most traded assets on Binance Futures. SNDK, SOXL, MU, SKHY, and SPCX appear on the volume leaderboard with $4.31 billion, $2.51 billion, $1.82 billion, $1.34 billion, and $718 million, respectively.
This high volume from tokenized stocks was only behind that of Bitcoin [BTC] and Ethereum [ETH], which had $8.83 billion and $6.16 billion, respectively. It indicates stocks are becoming a key volume contributor to crypto exchanges.
Source: CoinGlass With the trading volume on Binance having the potential to grow, the price of the native token for the chain could continue to stabilize or grow higher. BNB is up 1.21%, trading at $570 as it moves between $560 and $580 for the better part of July.
Final Summary Binance-issued stocks grow by more than $300 million in the past 30 days as SanDisk stock leads with $59.4 million. The volume of tokenized stocks is among the highest for all assets on Binance Futures, only behind Bitcoin and Ethereum.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB has maintained a relatively stable trading range in recent weeks, even as institutional interest in the BNB Chain ecosystem grows. The token is currently priced at $566.48, reflecting a decline of 1.04% over the past 24 hours. So far in July, BNB has moved mainly between $560 and $575, with buyers continuing to defend this support zone.
Franklin Templeton expands on BNB ChainFranklin Templeton, a global investment management firm with significant influence in asset management, has reached a new milestone with its Benji Investments division on BNB Chain. The company now manages $1.5 billion in tokenized assets on the network, placing BNB Chain at the forefront of institutional adoption among leading blockchain ecosystems.
“This establishes BNB Chain as the leading blockchain ecosystem for tokenized products of one of the world’s largest asset managers.”
Tokenized real-world assets are becoming a central focus in digital finance, offering a bridge between traditional financial markets and blockchain technology. As institutions like Franklin Templeton increasingly move assets onto blockchain networks, BNB Chain continues to expand its use cases beyond retail trading, positioning itself as a preferred platform for large-scale institutional offerings.
Mini dictionary: Franklin Templeton is a global asset management firm, established in 1947, managing trillions in assets across mutual funds, ETFs, and alternative investments.
Technical indicators show limited momentumAnalysis from TradingView shows BNB currently trading below its 20, 50, 100, and 200-day exponential moving averages (EMAs). These technical signals suggest sellers have an advantage, and buyers may need greater strength for a decisive move higher. The immediate resistance stands at the 20-day EMA near $575, with additional hurdles at the 50-day EMA ($589) and 100-day EMA ($614).
The Relative Strength Index (RSI) for BNB is at 44.18, signalling weak momentum. This figure indicates that while selling pressure has eased, there has not been a clear indication of a bullish reversal. The RSI remains above oversold conditions but below the neutral 50 mark, keeping market participants cautious in the near term.
IndicatorValueInterpretationPrice range$560–$575Sideways movement20-day EMA$575Immediate resistanceRSI44.18Weak momentumOpen Interest$850–$900 millionStable, waiting for catalystOpen interest signals cautious derivatives marketData from derivatives analytics provider CoinGlass reveals that BNB’s open interest has remained stable, ranging from $850 million to $900 million during July. This suggests that traders in the futures and options markets are holding their positions steady, with few new entries or exits despite intraday price swings.
Market observers suggest this neutral sentiment in the derivatives segment is consistent with the current technical landscape, where BNB continues to consolidate rather than establish a directional trend. Both spot and derivatives traders appear to be waiting for a major development to either push the token out of its range or trigger a sustained move.
The stable open interest and tight price range in $BNB indicate that traders are in a wait-and-see mode, looking for a stronger catalyst to drive the next major move.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
BNB Chain has reached a new high in tokenized real-world assets, with RWA.xyz data showing roughly $5.2 billion in tokenized assets on the network.
That is a significant figure because real-world asset tokenization is no longer just an Ethereum story. Ethereum still leads the sector by a wide margin, but the growth of BNB Chain as a major RWA venue shows that tokenized finance is beginning to spread across multiple networks.
The available source material points to a 32.26% monthly increase for BNB Chain, making it the second-largest network for tokenized RWAs behind Ethereum. The tracker also shows hundreds of tokenized assets across categories including U.S. Treasuries, real estate, commodities, and equities.
That mix matters. RWA is not only about one product class. It is becoming a broader market for putting traditional financial exposure on-chain.
Reference: RWA.xyz
TL;DR BNB Chain RWA TVL has reached about $5.2 billion, according to RWA.xyz. The network is now one of the largest venues for tokenized real-world assets. The growth shows that RWA activity is expanding beyond Ethereum into other major chains. Tokenization Is Becoming A Multi-Chain Market Ethereum has been the natural home for much of the RWA market.
It has deep liquidity, institutional familiarity, large stablecoin markets, and a long history of DeFi infrastructure. Many of the biggest tokenized Treasury and credit products either launched on Ethereum or stayed closely tied to its ecosystem.
But tokenization does not have to remain Ethereum-only.
If issuers, users, and applications want lower fees, different distribution, or access to a specific community, other networks can compete. BNB Chain has the advantage of a large retail footprint, exchange-linked liquidity, and a broad base of users already familiar with on-chain assets.
That makes its RWA growth notable.
A $5.2 billion figure is large enough to put the network into the serious part of the conversation. It suggests tokenized assets are not only living in institutional Ethereum environments but also finding traction on chains with wider retail and exchange ecosystem ties.
For BNB Chain, this is a credibility boost. RWA growth gives the network a more mature narrative than pure DeFi farming or exchange-linked activity.
Why RWA Growth Matters Real-world assets are one of the strongest long-term crypto narratives because they connect blockchain rails to familiar financial products.
Tokenized Treasuries, credit, commodities, real estate, and equities all point toward the same idea: traditional assets can move, settle, and interact with DeFi infrastructure more efficiently if they exist on-chain.
That does not mean every RWA product is useful. Some are thin, experimental, or heavily permissioned. But the category itself has become difficult to ignore because it speaks directly to institutional adoption.
A bank, asset manager, or fintech company may not care about meme coins. It may care a lot about tokenized cash, collateral, settlement, and access to Treasury-like products.
BNB Chain’s growth in this area therefore matters because it shows RWA demand can move outside the most obvious institutional lanes. If tokenized assets can grow on a network with BNB Chain’s user base, the addressable market may be broader than expected.
The question is whether that growth is sticky.
The Next Test Is Quality, Not Just Size TVL is useful, but it does not tell the whole story.
A network can attract assets quickly through incentives, partnerships, or a handful of large deployments. The more important test is whether those assets remain, generate real usage, and become part of broader on-chain financial activity.
For BNB Chain, the quality of the RWA base will matter. Are users actually interacting with these products? Are they being used as collateral? Are they integrated into DeFi? Are issuers credible? Are the assets transparent and properly structured?
Those questions become more important as the headline number grows.
There is also the regulatory side. Tokenized real-world assets can involve securities, commodities, fund interests, and regulated financial products. Networks may provide the rails, but issuers still need to operate inside legal frameworks.
That makes RWA one of the more serious sectors in crypto. It has huge potential, but it also carries heavier compliance expectations than many purely crypto-native categories.
For now, the signal is positive for BNB Chain. Reaching $5.2 billion in tokenized assets gives it a stronger claim in a market that is attracting serious institutional attention.
Ethereum remains the leader, but BNB Chain is now harder to ignore. If tokenization keeps expanding across chains, the next phase of RWA growth may be less about one dominant network and more about where issuers can find the right combination of liquidity, users, cost, and compliance.
This article is based on RWA.xyz and DeFiLlama data.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum has regained an upward trajectory for the first time in a year, coinciding with rising institutional adoption in tokenized finance. The network registered $327.3 million in tokenized exchange-traded fund (ETF) inflows over the past 12 months, securing a dominant lead over rival blockchains.
Ethereum’s upward price trendAnalyst Michaël van de Poppe highlighted that Ethereum has entered a new uptrend following nearly a year of sideways movement. He assessed the current market pullback as a relatively normal correction within this structure and expressed optimism about Ethereum’s potential for further gains if buyers defend key support levels.
$ETH is ready for another move higher, and the current consolidation appears to be a routine correction rather than a bearish phase. Michaël van de Poppe emphasized that he does not see a convincing reason for a bearish outlook on Ethereum, stating the asset has now entered an uptrend for the first time in twelve months.
According to van de Poppe, Ethereum’s correction does not alter the underlying positive momentum. Market observers are now watching whether ETH can stabilize and build the foundation for a fresh rally. The continued recovery phase remains in focus as analysts monitor price stability after volatility.
Record tokenized ETF inflows boost Ethereum’s dominanceValidation provider Everstake reported that Ethereum recorded the largest inflows into tokenized ETFs in the last year, adding $327.3 million to its total market capitalization. This amount was nearly four times that of Solana and more than five times that of BNB Chain over the same period.
Everstake stated that Ethereum is becoming the home of tokenized finance, supported by significant inflows into tokenized ETFs. The network’s $327.3 million in ETF inflows outpaces Solana’s and BNB Chain’s combined total, underlining Ethereum’s leading role in this sector.
Tokenized ETFs are blockchain-based representations of traditional exchange-traded funds, offering market participants access to ETF exposure using decentralized infrastructure. Their growing popularity reflects increasing institutional attention to tokenized asset markets, with liquidity and network maturity influencing the choice of blockchain platforms.
NetworkTokenized ETF Inflows (12 months)Ethereum$327.3 millionSolanaApprox. $82 millionBNB ChainApprox. $65 millionMini dictionary: Everstake is a blockchain infrastructure company specializing in staking and validation services across multiple proof-of-stake networks, supporting both institutional and retail clients.
Institutional interest centers on Ethereum’s infrastructureEverstake noted that institutional investors consistently prioritize deep liquidity, robust infrastructure, and established developer activity when choosing blockchain networks. Ethereum offers all three, contributing to its continued appeal as a platform for tokenized finance products, stablecoins, and on-chain markets.
Analysts say these fundamentals have kept Ethereum at the center of institutional blockchain strategies. As the uptrend continues, traders are also closely monitoring developments in tokenized ETF inflows among the major chains.
Ongoing growth in tokenized assets and decentralized finance may help reinforce Ethereum’s network role, especially as competition with Solana and BNB Chain intensifies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB Chain just crossed a threshold that puts it firmly in the conversation alongside Ethereum for real-world asset tokenization. The network’s total RWA value has hit $5.2 billion, according to data from RWA.xyz, marking a new all-time high and a 32.26% jump over the past 30 days alone.
That makes BNB Chain the second-largest blockchain for tokenized real-world assets, trailing only Ethereum at $15.5 billion. Not bad for a network that sat at $3 billion just four months ago.
A growth curve that keeps steepening The trajectory here is worth paying attention to. BNB Chain’s RWA value sat at $3 billion in March 2026, climbed to $4 billion by May, and has now vaulted past $5 billion in mid-July.
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The network currently hosts 665 tokenized assets, giving it a 14.91% share of the overall RWA market across blockchains.
The ecosystem powering the growth BNB Chain has assembled a roster of tokenization platforms that includes Avalon Finance, OpenEden, Brickken, Bitbond, Securitize partnered with VanEck, and Ondo Finance. Those projects span treasuries, credit products, real estate, commodities, and equities.
Ondo Finance launched its tokenized equities offering on BNB Chain in late 2025, giving users on-chain exposure to traditional stock market instruments and adding liquidity and DeFi composability to the network, allowing tokenized equities to interact with lending protocols, yield strategies, and other DeFi primitives.
BNB Chain has also been building out stablecoin infrastructure to serve as the settlement and liquidity layer for tokenized assets.
What this means for investors BNB Chain has nearly doubled its RWA value in four months. BNB Chain added roughly $2.2 billion in RWA value over the past four months, while Ethereum’s $15.5 billion in RWA value still leads by a significant margin.
Tokenized RWAs introduce dependencies on off-chain custodians, legal frameworks, and traditional financial infrastructure. A regulatory shift in key jurisdictions could affect how these assets function across any blockchain. Rapid TVL growth can also sometimes be driven by a small number of large depositors. With platforms spanning treasuries, credit, real estate, commodities, and equities, however, BNB Chain’s growth appears distributed across multiple verticals and participants.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Benji Reaches $1.5 Billion on BNB Chain@FTDA_US Franklin Templeton's proprietary Benji investment platform has accumulated approximately $1.5 billion on @BNBChain, positioning the network as the leading blockchain ecosystem for the firm's tokenized products.
The Benji platform is Franklin Templeton's proprietary tokenization platform designed to facilitate trading, management, and administration of token-based investments. It was used to launch the world's first U.S.-registered mutual fund onchain in 2021 and now underpins several tokenized products that the firm says serve retail and institutional clients.
Franklin Templeton's broader BENJI tokenized treasury fund has surpassed $2.5 billion in assets under management overall, with growth exceeding 100% year-to-date in 2026. The $1.5 billion milestone on BNB Chain alone signals how dominant the network has become within that footprint.
Why BNB Chain?BNB Chain has positioned itself as a hub for real-world asset tokenization, including money market funds, equities, and credit products, offering scalability, low fees, and real-time settlement. The move amplifies Benji's institutional-grade tokenization expertise by leveraging BNB Chain's technological strengths, including its scalable, low-cost infrastructure and high transaction throughput, to create a new class of on-chain financial assets.
A key differentiator of the Benji platform is its Intraday Yield feature, which enables yield to be calculated and distributed with second-by-second precision, meaning investors no longer need to hold an asset for a full day to accrue interest. Yield is computed pro rata based on exact holding duration, making tokenized securities more liquid and composable in DeFi workflows.
Tokenization is increasingly becoming concrete in traditional finance, with institutions embracing blockchain to accelerate settlement, boost accessibility, and inject transparency into previously opaque markets. Franklin Templeton's growing position on BNB Chain reflects that broader shift, with the asset manager overseeing $1.74 trillion in total firm assets as of April 30, 2026.
Sources:
Franklin Templeton BENJI Fund Surpasses $2.5B AUM – Crypto Briefing
Franklin Templeton Brings Benji to BNB Chain – The Block
Franklin Templeton Expands Benji Tokenization Platform to BNB Chain – Blockworks
Robinhood Chain has been live for exactly one week, and aggregators are already racing to plug into it. Velvet Capital’s trading terminal, VelvetX, announced support for Robinhood Chain on July 7, enabling single-transaction cross-chain swaps from networks like Solana, Base, BNB Chain, and Ethereum, no manual bridging required.
For anyone who’s ever watched their tokens disappear into a bridge for 20 anxiety-filled minutes, that last part matters. The integration means traders can move assets directly onto Robinhood’s Arbitrum-based Layer 2 through VelvetX without the usual multi-step headache that makes cross-chain activity feel like filing taxes.
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What VelvetX actually does here VelvetX is Velvet Capital’s AI-driven trading terminal. It handles spot trading, perpetuals, and yield strategies across multiple chains, essentially trying to be a one-stop shop for DeFi traders who don’t want twelve browser tabs open at once.
The cross-chain routing is powered by the 0x protocol, which was selected as the swap and liquidity infrastructure provider for Robinhood Chain itself. In English: 0x acts as the plumbing that finds the best prices and routes trades across different blockchains, so users don’t have to manually hop between networks.
Velvet Capital is backed by notable investors including YZi Labs and DWF Labs. The project has a native token, VELVET, with a circulating supply of roughly 421 million tokens against a maximum supply of 1 billion.
Robinhood Chain’s first week Robinhood Chain launched its public mainnet on July 1, built on the Arbitrum technology stack. The chain’s pitch goes well beyond simple token swaps. Robinhood is using it to offer stock tokens accessible across 120 countries. The chain also supports DeFi applications, including lending solutions powered by Morpho.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ondo Extends Always-On Access to 16 Tokenized Assets@OndoFinance has activated 24/7 minting and redemption for 10 additional tokenized stocks, including $AMD, $INTC, and $SPCX. The move brings its total lineup to 16 institutional-grade assets available for real-time settlement across @Solana, @BNBChain, and @Ethereum.
The expansion builds on a push that began in late June 2026, when Ondo became what it described as the first platform to offer true around-the-clock minting and redemption for tokenized U.S. equities. Until that point, minting and redemption had paused over weekends in line with traditional U.S. equity markets. The latest rollout eliminates one of the last restrictions linking tokenized assets to conventional trading schedules.
Ondo Stocks lists more than 430 tokenized stocks and ETFs across Solana, Ethereum, and BNB Chain, and is the first platform in the category to surpass $1 billion in total value locked.
Primary Issuance, Not Just Secondary TransfersA key distinction in Ondo's model is how liquidity is sourced. Ondo has argued that many platforms advertising 24/7 tokenized stock trading primarily enable transfers between users rather than continuous access to underlying liquidity. Its architecture enables primary issuance around the clock, effectively bypassing traditional banking and stock exchange downtime.
Ondo's tokenized stocks draw liquidity directly from public markets, where trading depth is substantial. Other platforms rely on onchain liquidity pools, which are limited in depth by design, meaning larger trades, especially over weekends when markets are thinner, can move prices significantly and cost traders far more.
Ondo's tokenized securities can also be used as collateral across platforms, including Ondo Perps, Morpho, Euler, and other DeFi ecosystems. The announcements follow Ondo surpassing 180,000 on-chain asset holders, indicating increasing demand for access to traditional financial products through blockchain solutions.
Tokenized stock transfers have surged roughly 105 percent month over month to approximately $8.4 billion in value, with Ondo leading the space at around $846 million in distributed value, ahead of other platforms like xStocks and Securitize.
Sources
TheStreet Crypto: Ondo Launches True 24/7 Minting and Redemption for Tokenized Stocks
Crypto Briefing: Ondo Introduces 24/7 Minting and Redemption for Tokenized Stocks and ETFs
The Defiant: Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs
Bitcoin slipped nearly 2% in the past 24 hours to trade at the $63,000 mark on Friday as geopolitical tensions weighed on crypto markets. The cryptocurrency was trading at the $62,907 mark.
Ethereum fell 3.98% in the past 24 hours to trade at the $1,828 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano corrected up to 11.31%.
Vikram Subburaj, CEO of Giottus, said softer U.S. price data reduced expectations of an immediate Federal Reserve rate increase. However, renewed U.S.-Iran hostilities, higher oil prices, and weaker risk appetite limited demand for cryptocurrencies.
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US spot Bitcoin ETF demand remains volatile. Funds recorded a $424.7 million outflow on July 13, followed by inflows of $181.1 million on July 14 and $107.7 million on July 15. July 16 showed a preliminary $45.7 million inflow, Subburaj further said.
The global crypto market capitalisation edged down 1.67% to $2.18 trillion, according to CoinMarketCap. After witnessing billions in outflows in May and June, Bitcoin ETF flows dump green with nearly $289M inflows. On the other hand, whales continue to accumulate ETH, said CoinDCX Research Team.
In the past week, Bitcoin was down 1.62% and Ethereum was up 3.15%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano fell upto 13.83%.
Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin’s rejection from $65,200–$65,500 and decline towards $63,500 signals weakening momentum; below $63,000, the next support lies around $62,300–$61,800. Ethereum has corrected from the $1,910–$1,940 supply zone but remains structurally constructive above $1,790–$1,835.
Market perspective
Nischal Shetty, founder, WazirX: The crypto market remained resilient despite heightened regulatory uncertainty in the U.S. Bitcoin traded near $63,352, while Ethereum held around $1,844, reflecting cautious sentiment after a strong weekly recovery.
Akshat Siddhant, Lead quant analyst, Mudex: Bitcoin pulled back to the $63,500 levels from its three-week high, as a broader sell-off in technology stocks weighed on risk assets, including cryptocurrencies. Despite the decline, on-chain data from Glassnode suggests selling pressure may be easing, with realized losses among long-term holders having peaked and now beginning to decline, a sign that the worst phase of capitulation could be over.
Also Read | Planning retirement & child's education through mutual funds? Expert explains SWP, taxation, portfolio rebalancing
CoinSwitch Markets Desk: BTC remained range-bound between $64K and $65K as on-chain indicators pointed to a gradual reduction in selling from investors who bought near the market peak. Geopolitical uncertainty continues to restrain risk appetite.
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin is currently trading around $63,600, continuing to hold above an important support zone despite short term fluctuations. Renewed ETF inflows and improving institutional participation indicate that long term conviction remains intact, while the market is increasingly responding to structural demand rather than speculative momentum.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Amid the closure of South Korean stock markets, SK Hynix’s ADR premium narrowed by 4 percentage points, and a crypto whale’s convergence portfolio swung to a profit of $340,000.
According to Hyperinsight monitoring, after the South Korean stock market closed, SK Hynix (SKHY) ADR (US-listed) on Hyperliquid continued to decline, currently trading at $148.5, with a 24-hour drop of around 10.5%; during the same period, South Korean-listed SK Hynix (SKHX) traded at 1,134 won, down about 8.9%. Calculated based on the ratio of 0.1 underlying Korean shares per SKHY ADS, the current ADR premium is around 30.8%, narrowing by roughly 4 percentage points from yesterday. The steeper decline of SKHY compared to SKHX has further narrowed the spread between the two. The previously tracked whale wallet 0x257 still maintains a convergence trade of "long SKHX, short SKHY", with total bilateral positions of around $7.893 million and a net floating profit of approximately $343,000: SKHX: 2,903 long positions with 10x isolated leverage, position value of about $3.288 million, average entry price of $1,196, floating loss of around $186,000, return rate of roughly -53.4%; SKHY: 31,014 short positions with 10x isolated leverage, position value of about $4.605 million, average entry price of $165.5, floating profit of around $529,000, return rate of approximately 103.0%. The funding fee structure remains bilateral. The hourly funding rate for SKHX is around -0.00303%, while for SKHY it is approximately 0.00185%; under the current portfolio, both the SKHX long position and SKHY short position are funding fee recipients, meaning the whale is expected to collect a total net of around $185 per hour.
4 minutes ago
SK Group Chairman responds to SK Hynix's stock price plunge: Avoid frequent trading and hold for the long term.
SK Group Chairman and Korea Chamber of Commerce and Industry Chairman Choi Tae-won responded to the sharp plunge in SK Hynix’s stock price, saying that while he cannot predict SK Hynix’s share price movement next month, investors should avoid frequent trading, as long-term holding may be more conducive to preserving assets. Choi believes that as the AI industry develops, demand for memory will continue to expand. He noted that AI is currently like a "4-year-old child," and as it matures into a full-fledged industry, it will inevitably require more memory, with related demand potentially growing exponentially. He also pointed out that SK Hynix’s stock had risen rapidly earlier, leading to a sharp pullback when market expectations shifted, adding that prices that surge too quickly sometimes need adjustments to align with reality. When discussing South Korea’s AI industry strategy, Choi stated that South Korea cannot compete with China on cost nor surpass the U.S. in model quality, so it should build infrastructure, develop applications suited to domestic needs, and explore niche markets, with a long-term shift from exporting memory chips to exporting computing power and "intelligence."
4 minutes ago
Institutions: U.S. corporate executives are offloading stocks at a nearly record pace.
US corporate executives are offloading stocks at the second-fastest pace in over two decades. For some investors, this is a classic warning sign, as it signals that those with the deepest insight into a company’s operations are taking a cautious stance on the current market. Data from EPFR Global Market Intelligence shows that in the first half of 2026, US corporate insiders collectively sold $776 billion worth of stocks, a 20% increase from the same period last year. Over the past 20+ years, only 2021 saw larger sell-offs, when the market was fueled by massive pandemic-era stimulus funds. EPFR analysts including Winston Chua wrote in a report: “Insider trading activity indicates that at current valuation levels, corporate executives have no strong willingness to increase their stock holdings.” Additionally, insider buying activity remains sluggish. In the first half of 2026, insiders purchased just $69 billion worth of company stock, barely above the seven-year low of $67 billion set in the same period last year. (Jin10)
4 minutes ago
US semiconductor, storage, and optical communication stocks extended their pre-market losses, with SanDisk and Applied Materials both falling more than 6%.
According to BIT (bit.com) market data, US semiconductor stocks were broadly lower in pre-market trading. Applied Materials fell 6.10%, Lam Research dropped 5.46%, TSMC declined 4.70%, KLA slipped 4.68%, Arm and Intel both fell 4.52%, AMD dropped 4.42%, Micron Technology fell 4.24%, and Nvidia was down 2.95%. The storage sector led losses: SanDisk fell 6.10%, Western Digital dropped 5.75%, Seagate Technology declined 5.63%, Micron Technology slipped 4.24%, and SK Hynix fell 3.49%. Optical communication concept stocks plunged collectively: Coherent fell 6.26%, Applied Optoelectronics dropped 6.00%, Credo declined 5.76%, Corning slipped 5.51%, Ciena fell 5.17%, and Astera Labs was down 5.08%.
4 minutes ago
The "Big Short" Michael Burry: Now an excellent time to bottom-fish Hong Kong stocks
The Big Short protagonist Michael Burry said today that with the appeal of South Korean and Japanese markets and the SOXX semiconductor sector waning, now is an ideal time to turn to the Hong Kong market to seek undervalued stocks. He believes some low-valued Hong Kong stocks are poised to perform well once capital flows shift away from South Korea, Japan and the semiconductor sector.
4 minutes ago
US stock futures fall, with intensified selling pressure on semiconductor stocks driving investors to shift to other sectors.
U.S. stock index futures fell, with selling pressure on semiconductor stocks intensifying, prompting investors to seek investment opportunities in other market segments. Nasdaq 100 futures dropped more than 2%, while S&P 500 futures fell over 1%. Nvidia (NVDA.O) led losses among the "Magnificent Seven" in pre-market trading, and the Philadelphia Semiconductor Index is nearing a bear market and set to extend Thursday’s declines. However, even though the S&P 500 closed 0.5% lower on Thursday, 369 of its constituent stocks advanced and 132 declined, indicating the market’s overall breadth remains healthy. Barclays strategist Venu Krishna stated, "Enthusiasm for AI capital expenditure is starting to cool, but the semiconductor sector still significantly outperforms the broader market in stock price performance, while software stocks continue to lag. This shows recent market rotation is gradual rather than decisive." (Jinshi)
TLDR BNB currently hovers around $577 with critical resistance between $589 and $590 Technical analysis reveals an inverse head-and-shoulders formation with a $647 price objective Binance completed its largest quarterly burn, eliminating 1.61 million BNB tokens valued at approximately $932M Circulating supply has declined to roughly 133.17 million tokens Ecosystem growth includes 21M+ merchants on Binance Pay and $100M bStocks volume in two weeks Binance Coin is currently positioned at approximately $577, developing a promising technical formation that analysts believe could drive the price toward $647. Market participants are closely monitoring a critical resistance barrier while recent token burn data strengthens the bullish narrative.
BNB Price Chart analysis on the 12-hour timeframe reveals an inverse head-and-shoulders formation taking shape. This classic technical pattern frequently indicates a potential trend reversal following a downward move. The crucial neckline resistance is positioned between $589 and $590, with a successful breakthrough establishing a measured objective of $647.29 — representing approximately 12% upside from present levels.
Throughout the last trading session, BNB fluctuated within a confined corridor spanning $574.69 to $584.24. This compressed price action suggests market equilibrium, with neither buying nor selling pressure achieving dominance.
Below current levels, the $550 zone represents significant support, coinciding with the 0.618 Fibonacci retracement level and the Value Area Low. Should the price decline beneath $537, the current bullish technical thesis would be invalidated.
Latest Quarterly Token Burn Reduces Circulating Supply BNB Chain executed its 36th quarterly Auto-Burn mechanism, permanently eliminating 1,615,827 BNB tokens from the available supply. Based on prevailing market prices, this burn event represented approximately $931.7 million in value destruction.
According to an official announcement, BNB Chain has completed its 36th quarterly BNB token burn, destroying 1,615,827.795 BNB worth approximately $932 million at the time of the burn. Following the burn, BNB’s total… pic.twitter.com/qZDtlBdus2
— Wu Blockchain (@WuBlockchain) July 15, 2026
The total token supply has now contracted to approximately 133.17 million BNB. Binance’s long-term deflationary model aims to decrease the total supply from the initial 200 million issuance down to a final 100 million. The quarterly burn calculation employs an algorithmic formula incorporating BNB’s market price and block generation metrics on BNB Smart Chain.
Source: TradingView Market analyst BATMAN discussed the developing price structure on X, emphasizing that BNB successfully breached a descending trendline before completing a textbook retest. According to his analysis, a higher high formation “should be imminent,” referencing the well-defined technical configuration currently developing.
The Relative Strength Index has encountered repeated rejection at the 59 threshold, experiencing five unsuccessful breakthrough attempts recently. This resistance makes the $580 area a formidable barrier in the near term.
Leverage liquidation statistics from Coinglass indicate balanced positioning, with $14.83 million in both long and short positions concentrated around the $570–$580 range, reflecting ongoing market indecision between bullish and bearish forces.
Network Expansion Drives BNB Utility BNB Chain recently implemented a temporary gas fee elimination program extending through July’s conclusion. Reduced transaction costs may stimulate increased trading activity and blockchain interaction.
Stablecoin capitalization on BNB Chain has surpassed $17.8 billion. The network’s total value locked (TVL) has climbed to approximately $5 billion.
Binance Pay’s merchant network has expanded beyond 21 million partners globally. The platform’s bStocks tokenized securities product generated $100 million in trading volume during its first fifteen days, with 47% of transactions occurring when US markets were closed.
BNB functions as the core utility token throughout the BNB ecosystem, including BNB Smart Chain, opBNB, and BNB Greenfield, powering transaction fees, staking rewards, governance participation, and decentralized application functionality.
Binance Coin (BNB) traded near $577 after Binance executed its most substantial quarterly token burn to date, reducing the circulating supply by 1.61 million BNB—an event valued at approximately $932 million. Technical analysts observed a bullish reversal pattern forming on the charts, setting a potential price objective of $647 if key resistance levels are breached.
Technical outlook points to $647 price targetOn the 12-hour chart, BNB displays an inverse head-and-shoulders pattern, a technical configuration suggesting the potential for an upward reversal. Analysts identified primary resistance at $589 to $590, with a confirmed breakout possibly leading to a price rally toward $647, representing about a 12% gain from current levels.
During the most recent trading session, BNB fluctuated within a narrow band from $574.69 to $584.24. This tight range reflected a balanced market, with buying and selling forces in equilibrium.
Key support sits at $550, aligning with the 0.618 Fibonacci retracement and the Value Area Low, while a sustained drop below $537 could overturn the prevailing bullish case.
LevelTypePrice/RangeSupportMajor$550ResistanceCritical$589-$590InvalidationBullish BiasBelow $537TargetMeasured Objective$647 On X, analyst BATMAN emphasized the recent technical breakout, highlighting that BNB moved above a long-standing bearish trendline and retested it, preparing for what he described as an imminent higher high in the price structure.
The Relative Strength Index continually met resistance near the 59 level, falling short on five consecutive occasions, which reinforced the importance of the $580 zone in the immediate term.
Leverage liquidation data from Coinglass showed equal concentrations of long and short positions, totaling about $14.8 million near the $570–$580 area, reflecting heightened trader uncertainty regarding the next significant price direction.
Record quarterly burn and supply reductionBinance recently conducted its 36th quarterly BNB burn, permanently removing 1,615,827 tokens from circulation. At then-prevailing market prices, this event equated to roughly $932 million. The burn was facilitated by an automated algorithm, which factors in BNB’s market value and block production on its native blockchain, the BNB Smart Chain.
Following this burn, BNB’s total circulating supply decreased to about 133.17 million tokens. Binance has committed to a long-term supply reduction target of 100 million BNB, down from its original issuance of 200 million, supporting a deflationary model for the platform’s ecosystem.
Mini dictionary: BNB Smart Chain, a blockchain network developed by Binance, supports smart contracts and decentralized applications (dApps), using BNB as its native token for transaction fees and network governance.
The official Binance announcement stated that the 36th BNB quarterly burn permanently destroyed over 1.6 million tokens, resulting in a decrease of the circulating supply to roughly 133 million.
Network ecosystem expansion and adoptionIn parallel with technical signals and supply contraction, ecosystem growth contributed to BNB’s utility. Binance eliminated gas fees on its blockchain temporarily through the end of July, an initiative expected to spur further network activity and trading.
Stablecoin assets on BNB Chain surpassed $17.8 billion, while total value locked (TVL) rose to approximately $5 billion. Binance Pay, the global payment solution provided by Binance, now supports over 21 million merchants worldwide, indicating extensive adoption among businesses.
Binance’s bStocks, a tokenized securities service integrated into the exchange, reported $100 million in trading volume within just two weeks of launch; strikingly, 47% of these trades occurred outside of US market hours.
BNB serves as the central utility token for Binance’s ecosystem, enabling transaction payments, staking, governance participation, and powering decentralized applications across BNB Smart Chain and related networks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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DeFi infrastructure just got a new building block. PancakeSwap has open-sourced a reference AI agent designed for ERC-8183 order and intent settlement, deploying it through BNB Chain’s newly launched Agent Studio platform.
The timing matters: BNB Agent Studio went live on July 1, 2026, and PancakeSwap is one of its first major protocol integrations.
What the ERC-8183 agent actually does Think of ERC-8183 as the instruction layer for AI agents operating on-chain. When a user submits a swap intent, the agent intercepts it, routes it through PancakeSwap’s aggregation layer, and delivers output tokens directly to the client’s wallet.
The implementation is not a casual proof-of-concept. Execution controls include slippage limits, atomic transaction requirements, meaning the swap either completes fully or reverts entirely, and execution deadlines capped at five minutes. The agent also operates against a predefined token safelist, so it cannot be coerced into routing through arbitrary or unvetted assets.
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Stablecoins fund the agent’s own operating costs through the x402 payment process, which handles agent self-funding without requiring manual top-ups.
All swap routing runs exclusively through PancakeSwap’s aggregation layer. That is a deliberate architectural choice, not a limitation. It gives the agent a consistent, auditable execution path rather than exposing it to unpredictable third-party routing logic.
BNB Agent Studio: the infrastructure behind the agent BNB Agent Studio is the platform making all of this deployable at speed. Using AWS Bedrock as the underlying compute layer, the studio is designed to get an AI agent from prompt to production in roughly 15 minutes.
On-chain identity management runs through ERC-8004, a separate standard that handles agent identification and credentialing. Combined with ERC-8183 for task execution, the two standards form the backbone of BNB Chain’s emerging agent framework.
The BNBAgent SDK, which supports the entire framework, reached testnet in March 2026 and moved to mainnet by May 2026. The July 1 Agent Studio launch was the public-facing layer built on top of that foundation.
Automated wallet provisioning is built into the studio, so developers do not need to manually configure signing infrastructure before deploying an agent. The interface accepts single-prompt inputs in environments like Cursor or Claude Code, lowering the barrier for developers who are not blockchain specialists.
Why this matters for DeFi traders and investors PancakeSwap’s open-sourced reference implementation gives developers a production-ready template that handles swap intents, manages execution risk, and routes trades through its aggregation layer.
The practical use cases the integration is designed to enable include range rebalancing and yield optimization. An agent that can handle atomic swaps with sub-five-minute deadlines and hardcoded slippage controls is suited for those tasks. For liquidity providers on PancakeSwap’s V3 pools, automated range rebalancing means positions can stay in-range without constant manual intervention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Highlights TKNZ represents T. Rowe Price’s inaugural actively managed spot cryptocurrency ETF, now trading on NYSE Arca Initial assets total approximately $15 million, distributed across Bitcoin, Ethereum, BNB, Solana, XRP, and Hyperliquid Portfolio composition features Bitcoin as the largest holding at 40.75%, while Hyperliquid comprises 6.45% Expense ratio stands at 0.75% until May 2027, subsequently increasing to 0.90% Active management strategy allows portfolio adjustments based on ongoing market analysis and research insights Baltimore-headquartered investment powerhouse T. Rowe Price, which manages $1.9 trillion in client portfolios, made its official debut in the cryptocurrency exchange-traded fund space Thursday by introducing TKNZ — positioned as the market’s inaugural actively managed multi-asset digital currency ETF.
🚨JUST IN: T. Rowe Price’s TKNZ Active Crypto ETF began trading TODAY with about $15 million in assets.
The fund debuted with about 41% allocated to BTC, 18.4% to ETH, and sizeable positions in BNB, SOL, and XRP.
Hyperliquid’s HYPE accounted for nearly 6.5% of the portfolio. https://t.co/zTh1kq8ATD pic.twitter.com/YNcMtRQbD1
— Coin Bureau (@coinbureau) July 16, 2026
Trading commenced on NYSE Arca following a nearly nine-month approval process after the company submitted its initial application in October 2025. The fund opened with roughly $15 million in starting capital.
Distinct from single-asset offerings such as standalone Bitcoin or Ethereum ETFs, TKNZ provides exposure through a diversified cryptocurrency portfolio. The initial allocation breakdown showed Bitcoin commanding 40.75%, Ethereum at 18.42%, BNB representing 11.01%, Solana accounting for 9.44%, XRP at 9.37%, and Hyperliquid comprising 6.45%.
Additional holdings feature Stellar Lumen at 3%, Dogecoin at 1.28%, along with a modest cash reserve.
Dynamic Portfolio Management Defines Strategy TKNZ’s distinguishing characteristic lies in its active management framework. Fund managers possess the flexibility to rebalance holdings according to evolving market dynamics, proprietary analysis, and risk evaluation rather than adhering to a predetermined index structure.
According to T. Rowe Price, this methodology aims to capitalize on shifting momentum patterns as capital flows between various digital assets throughout market cycles.
Blue Macellari, who has directed T. Rowe Price’s digital asset division since 2022, manages the fund with support from four additional co-portfolio managers. The organization developed proprietary digital asset trading systems and established partnerships with institutional service providers ahead of the product launch.
Bloomberg Intelligence Senior ETF analyst Eric Balchunas observed that the opening portfolio composition appeared to underweight Bitcoin while maintaining heavier positions in alternative assets, especially Hyperliquid.
Hyperliquid Allocation Generates Market Interest The 6.45% allocation to Hyperliquid has captured attention considering the token’s recent market trajectory. Hyperliquid reached a peak price around $74.50 in the previous month and presently trades near $65.60, representing approximately 38% appreciation over the trailing twelve months. Bitcoin, conversely, has declined roughly 45% during the identical timeframe.
According to fund documentation, the ETF will not implement staking for any proof-of-stake assets initially, though staking participation may be incorporated down the line.
The expense structure is set at 0.75% through May 2027 via a provisional fee waiver, before escalating to 0.90%. Detractors of actively managed investment vehicles typically cite elevated fees as a disadvantage relative to passive index alternatives.
T. Rowe Price’s entrance follows BlackRock’s recent introduction of a Bitcoin income ETF earlier this month, demonstrating that major asset management firms continue diversifying and refining their cryptocurrency product portfolios.
With nearly 90 years of asset management history, TKNZ represents T. Rowe Price’s maiden direct exposure vehicle in the digital currency sector.
Apple closed up 1.76% to hit another all-time high, with positive momentum from Apple Intelligence's China localization continuing to build.
According to market data from BIT (bit.com), Apple closed 1.76% higher in U.S. stock trading, hitting a record high of $333.26 per share, and rose an additional 0.47% in after-hours trading. On the news front, on July 15, Apple Intelligence completed its first domestic generative AI filing in China. Alibaba’s Qianwen AI will be integrated into Apple Intelligence as its AI capability, providing Chinese users of iOS, iPadOS, macOS, and visionOS with services including text and image understanding, content generation, and more—allowing users to experience these features directly without switching between apps. In addition to Alibaba’s Qianwen AI, Baidu’s AI capabilities will also be integrated into Apple Intelligence, marking the official implementation of Apple’s localized AI strategy in the Chinese market.
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Japanese storage chip firm Kioxia dropped over 10% intraday, with its market capitalization now halved from its June peak.
According to Bitget market data, Japanese storage stock Kioxia plunged more than 10% intraday, its market capitalization has halved from the June peak, and the Nikkei 225 index is currently down 2.18% intraday.
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The first Federal Reserve official to call for interest rate hikes since Powell took office has emerged, with Lorie Logan backing rate increases to combat high inflation.
The first Federal Reserve official to call for a rate hike since Walsh assumed office has emerged. Earlier today, Fed official Logan said the central bank should raise interest rates to tackle high inflation – a remark signaling she may be prepared to vote against keeping rates unchanged later this month. Logan added that June inflation data released Tuesday shows price growth is moderating, but not enough to convince her inflation has returned to the Fed’s 2% target trajectory.
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Morgan Stanley and JPMorgan Chase will provide $50 billion in acquisition financing and serve as advisors for the PayPal acquisition deal.
Sources say JPMorgan Chase and Morgan Stanley will provide $50 billion in acquisition financing and act as advisors for the PayPal (PYPL.O) takeover. Fifteen days prior, Stripe — the world’s largest private payments company — and U.S. private equity firm Advent International jointly proposed to acquire the long-standing online payments giant PayPal at $60.5 per share, valuing the company at over $530 billion total, a roughly 28% premium over PayPal’s Tuesday closing price, backed by approximately $50 billion in financing commitments from multiple banks. Under the deal terms, Stripe and Advent will each hold a 50% stake in PayPal.
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JPMorgan: Strategy’s increased cash reserves send a positive signal, and demand for Bitcoin futures has also improved.
JPMorgan analysts noted in a recent report that Strategy has recently increased its U.S. dollar reserves from $2.55 billion to $3 billion, enough to cover roughly 20 months of preferred stock dividend payments, an encouraging sign for Bitcoin’s outlook. If Strategy can rebuild its U.S. dollar reserves to a level covering two to three years of dividends, it will ease market concerns that the company may be forced to sell Bitcoin in the future to cover preferred stock dividend payments. Meanwhile, despite sharp recent volatility in spot Bitcoin ETF flows, both Bitcoin futures and perpetual contracts on the Chicago Mercantile Exchange (CME) recorded net inflows this week—flows typically driven by institutional investors rather than retail, in contrast to the outflows seen in spot ETFs. Additionally, leveraged ETFs linked to Strategy have seen relatively stable, positive net flows over the past seven weeks, driven mainly by retail buying, which has supported Strategy’s common stock price and prevented it from falling below the net asset value of its Bitcoin holdings. Strategy President and CEO Phong Le stated earlier this week that the company’s balance sheet is very secure; it will only begin to worry about debt-related risks if Bitcoin falls to roughly the $8,000–$10,000 range, and plans to issue more shares after STRC preferred stock returns to its $100 par value to further accumulate Bitcoin and expand its U.S. dollar reserves. JPMorgan also reiterated that Strategy is not a major structural threat to Bitcoin; a larger risk lies in the promotion of blockchain technology through permissioned systems, which does not benefit public blockchains or their tokens.
5 minutes ago
The Nikkei 225 index opened sharply down 3.00%.
According to Bitget market data, the Nikkei 225 index plunged 3.00% at opening and is currently trading at 64,828.46 points. South Korean stock markets are closed today for Constitution Day.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum price today: $1,870Ethereum has outperformed crypto majors Bitcoin, XRP, SOL and HYPE following a market boost from cooling inflation reports.The Robinhood Chain launch, ETH ETF inflows, BitMine's accumulation and Clarity Act discussions are spurring the outperformance.ETH saw a rejection at the 100-day EMA after rising 10% over the past week.Ethereum (ETH) has outperformed the top 10 cryptocurrencies since the crypto market began a recovery last week. On a weekly timeframe, the top altcoin is seeing an 8% gain, compared to 2.4%, 1.4%, 1.6%, -1.8% and -3.5% for Bitcoin (BTC), BNB, XRP, Solana (SOL) and Hyperliquid (HYPE).
While cooling inflation reports and declining energy prices were primarily responsible for the recent broad rally across the crypto market, ETH's outperformance stems from several other key factors.
ETH vs Top Cryptos. Source: CoinGeckoWhy Ethereum is outperforming other top cryptosThe Robinhood Chain, launched on July 1 as an Ethereum Layer 2 (L2), has been spurring demand for native ETH. The amount of ETH bridged from the L1 to the L2 chain has surpassed $164 million, a 10x increase in the past week, according to onchain analytics platform Token Terminal.
"If adoption continues, the chain could become a meaningful new source of demand for Ethereum," the platform stated in a Thursday X post.
The chain has seen strong demand over the past week, attracting token launchpads and memecoin activity. In 2024, Solana saw a similar upsurge in memecoin activity before going on a run that outperformed major cryptocurrencies.
Beyond that, Ethereum is also attracting institutional capital again, with $96 million in net inflows over the past three days. Last week, US spot ETH ETFs ended an eight-week outflow streak after recording $84.4 million in net inflows, per SoSoValue data. Since the beginning of the month, the products have only seen two outflow days, while XRP and Solana products are struggling to attract capital.
Similarly, US spot BTC ETFs have posted four outflow days so far in July and are on track to end the week on negative flows.
In addition, Ethereum treasury firm BitMine Immersion has remained a consistent source of demand for the top altcoin, accumulating roughly 70,000 ETH in the past two weeks.
Strategy, on the other hand, which has been a major demand driver for Bitcoin, flipped to distribution over the past two weeks after it sold $216 million worth of BTC. The firm also failed to log any buying activity last week.
Increased discussion and positive sentiment around the Clarity Act are also filtering into Ethereum, as it hosts the majority of onchain activity. The L1 is the largest chain by total value locked (TVL) and tokenized assets, with $40.9 billion and $14.8 billion, respectively, according to DefiLlama data.
Despite several positive developments surrounding ETH currently, the broader crypto market recovery remains fragile amid resumed geopolitical tensions in the Middle East. Bitfinex analysts also noted that ETH ETF inflows are not yet strong enough to drive prices.
"The $96 million total sits against a market capitalization above $220 billion, which makes it a rounding error even allowing for the illiquid spot market. A bid concentrated in one issuer remains too narrow to call a regime," the analyst wrote in a Thursday market commentary.
"Whether Ether ETFs continue to draw buyer interest remains to be seen; they have struggled to do so across nearly two years since launch."
Bitfinex added that sustained improvements in onchain activity are a "stronger catalyst" for an L1 like Ethereum.
Ethereum Price Forecast: ETH fails to reclaim 100-day EMA despite 10% jumpOn the daily chart, ETH/USDT trades at $1,874, maintaining a constructive bullish bias as price remains above the 20- and 50-day Exponential Moving Averages (EMAs) at $1,780 and $1,810, respectively. The altcoin remains capped by the longer-term 100-day EMA at $1,948 after a 10% rise over the past week, suggesting room for further upside only if this barrier is reclaimed.
Momentum stays supportive, with the 14-day Relative Strength Index (RSI) around 60 and the Stochastic hovering in the low 70s, hinting at a cooldown after a strong rally.
On the topside, immediate resistance is located at the horizontal level of $1,909, followed by $2,018 and $2,107, where prior supply converges. Above these, additional resistance is seen at $2,211 and then $2,388.
ETH/USDT daily chartOn the downside, initial support emerges at $1,806, ahead of the nearby dynamic floors offered by the 50- and 20-day EMAs. Below these, more substantial demand is seen at $1,741, with deeper supports at $1,524, $1,404 and $1,155 in the event of a broader corrective slide.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
TL;DRBNB Chain hosts more registered AI agents than any other network under ERC-8004, the standard for onchain agent identity: about 200,000 ERC-8004 agents, roughly 60% of all agents across 26 chains and more than every other network combined (8004scan, 16 July 2026).An agent economy needs four things to work: identity, capability, payment, and accountability. This piece maps each to what exists on BNB Chain today.Open standards (ERC-8004, BAP-578, x402) plus about $13.7B in stablecoins (DefiLlama, 29 June 2026) let agents identify themselves and pay onchain.For builders, that means starting from the largest agent base already in place, instead of trying to build one from zero.The shift from AI apps to AI agentsSoftware agents are starting to do things that used to need a person: call an API, book a service, pay for compute, settle a bill. The open question is where that activity settles. An agent that only drafts text can run anywhere, but an agent that holds funds, proves who it is, and pays for what it uses needs infrastructure underneath it.
That is what this piece looks at: what an AI agent economy actually requires, and where BNB Chain sits against it today. We last mapped AI on BNB Chain at the end of 2024, when the story was AI apps. The story now is agents, and the most widely accepted measure BNB Chain leads, it holds the most onchain agents of any network under the ERC-8004 agent-directory standard (8004scan, 16 July 2026). The sections below set out a simple framework for the category, then show which pieces exist on BNB Chain and which are still early.
What an agent economy actually needsAn autonomous agent needs four things to operate on its own. The framework applies to any chain or platform, not only BNB Chain, which is what makes it a useful lens.
Identity. A way to prove which agent is acting, and a record of how it has behaved.Capability. The means to do useful work, from reaching an AI model to executing onchain.Payment. The ability to pay and get paid without a person approving each charge.Accountability. A verifiable trail of what an agent did, so other parties can trust or dispute it.The rest of this piece maps BNB Chain against these four.
Why this becomes an infrastructure problemMost AI work does not need a blockchain. An agent summarizing your inbox runs fine on a company server. A chain becomes relevant only when agents start handling value and need to be trusted by parties that have never met them. At that point you need an identity no single company controls, payments that settle without a card on file, and a record anyone can check. Those are the conditions under which an agent economy reaches for onchain infrastructure, and they are where the standards below fit in.
Where BNB Chain fits todayThe most concrete grounding is the agent count, and the key is what you count it against. ERC-8004 has become the widely accepted decentralized standard for an agent directory: the discoverability and reputation layer that agents register on so other software can find them and check their track record. BNB Smart Chain carries more than 200,000 ERC-8004 agents (as of 16 July 2026), roughly 60% of all such agents across 26 networks and more than every other network combined. The second-largest chain, holds under 40,000. The lead is also widening: about 72,800 of those agents registered in the past 30 days, more than any other network added over the same period (16 July, 8004scan).
For a builder shipping a tool, a model-access gateway, or a payment rail for agents, that's not a vanity metric, it's distribution. It means the agents that would use your product, subscribe to your API, or route payments through your rail are already registered and operating here in volume, well ahead of any other chain.
The settlement layer is deep as well. BNB Chain holds about $13.7 billion in stablecoins (DefiLlama, 29 June 2026), the money agents would actually move.
Keep the quantitative and qualitative separate. The agent count and the stablecoin base are measured onchain. The projects named in the next section are qualitative signals: they show builders choosing BNB Chain for agent work, which is different from a measure of category leadership.
How the pieces compose on BNB ChainMapping the four-part framework onto what exists today shows where BNB Chain is built out and where it is still early.
Identity and accountabilityERC-8004 is the widely accepted standard for decentralized agent identity, discovery, and reputation: each agent gets an onchain identity and a track record other software can look up. The BNB Attestation Service (BAS) records attestations about what an agent is and what it has done, surfaced through an Agent Passport that an agent can carry between apps. BAP-578, BNB Chain's native Non-Fungible Agent standard, goes a step further by making the agents themselves ownable, tradable, and upgradable onchain. Together these cover the identity and accountability legs of the framework.
Capability: tools and model accessBefore an agent can act, it needs to reach and pay for AI models without running on a person's API key. Several projects on BNB Chain rebuild that layer so the agent holds the credential and the cost is metered onchain, grouped under the Agent Survival Pack, an ecosystem showcase of six projects (BNB Chain does not operate them). WorldClaw routes requests across 300+ models with stablecoin settlement on BNB Chain. Bankr runs an LLM Gateway that reaches 30+ models through one endpoint, charging per token in stablecoins on BSC. Alt AI, built by the AltLayer team, settles model access in BNB or BEP-20 tokens.
PaymentPayment is where the framework becomes real. The x402 standard lets an agent settle a charge as part of a normal request, with no card on file and no human in the loop. AEON runs an x402 facilitator on BNB Chain and connects agents to real-world spending, including QR payments at physical merchants. Binance Pay brings programmable, HTTP-native payments to BNB Chain through its own x402 integration, launched with Trust Wallet’s AgentKit, the self-custodial wallet layer that lets agents pay from a wallet a user controls and that is integrated with BNB Agent Studio. Pieverse adds gasless payments tied to ERC-8004 identity. The stablecoins agents settle in, $U and USD1, are both live on BNB Chain. Consumer crypto spending sits next to this and is worth keeping distinct: Oobit, for example, lets a person tap to pay with BNB at Visa and Mastercard terminals, which is a person spending, not an agent settling its own bills.
The wider ecosystemUnderneath the agents is a full AI stack on BNB Chain: storage, compute, data, developer tools, and verification. The shift in 2026 is that projects which grew up elsewhere are building here too. Virtuals Protocol, a well-known agent platform, extended its agent-commerce layer to BNB Chain in March 2026, alongside the tools already settling on the chain.
Where it is still earlyTwo gaps are worth stating plainly. First, the identity base is large but application-level demand, the volume of real work agents pay for, still has to be proven. Second, some pieces are not settled: a consumer-style payment product that issues agents their own card is not yet part of the picture, and the exact naming and timing of an MPP-based payments SDK are still being confirmed internally. Naming the gaps is part of reading the data honestly.
Building on BNB ChainFor a builder deciding where to put an agent product, the case is straightforward: BNB Chain already has the largest registered agent base of any network, and the infrastructure to reach it is live, not planned.
For builders, the on-ramp is the BNBAgent SDK, a Python toolkit now live on mainnet and the first live implementation of ERC-8183, the standard for onchain agent commerce. It bundles identity, payment, and execution in one place, and BNB Agent Studio lets a builder stand up an agent from a prompt, with Trust Wallet’s AgentKit integrated so the agent can pay from a self-custodial wallet. The BNB Hack: AI Trading Agents, run with CoinMarketCap and Trust Wallet, is a current place to put the SDK to work (dates to confirm before publishing).
ConclusionBNB Chain already holds the largest base of onchain AI agents of any network, and it's the only chain where identity (ERC-8004, BAP-578), payments (x402, live stablecoins), and commerce (ERC-8183, the BNBAgent SDK) are all live at once, not split across roadmaps. That combination is why builders shipping agent infrastructure are choosing BNB Chain today. The scale is already here, what's ahead is agents putting it to work, and that's a growth curve, not an open question.
Beyond AI and regulatory clarity, one key theme is taking center stage in 2026: Stronger tokenomics.
The logic is simple: While deflationary mechanisms can support price by creating scarcity-driven rallies, the bigger picture goes beyond short-term price action. Instead, they are increasingly becoming a key factor in improving long-term value capture for token holders.
Notably, BNB’s latest burn cycle is a clear example of this shift. According to the official report, the BSC chain burned 1.62 million BNB tokens during its 36th quarterly burn, worth around $931 million at the time. This reduced BNB’s circulating supply to 133 million, putting it behind only Ethereum’s [ETH] 120 million and Bitcoin’s [BTC] 21 million among the top 10 crypto assets by supply.
Source: X More importantly, the market reaction after the burn showed growing investor interest in assets with in-built deflationary mechanics. The narrative quickly picked up momentum on social media, with many investors arguing that Binance Coin [BNB] is entering Q3 with a strong bullish setup.
However, the thesis may still seem a bit too early. From a technical standpoint, despite the burn and the surrounding hype, BNB is up only 1.5% this week, trailing Ethereum’s 6% rally. That said, compared to Solana’s [SOL] 0.5% gain, BNB is showing stronger relative momentum. With Solana’s liquid supply being over 5x larger than BNB’s, this divergence doesn’t look random.
Instead, it suggests investors are starting to favor assets with tighter supply dynamics. However, when it comes to long-term value capture, Solana is still in the race, driven by its growing RWA momentum. The bigger question now is whether Solana’s RWA growth can eventually outperform BNB’s stronger tokenomics, revealing which narrative has the stronger long-term edge.
BNB’s burn meets Solana’s RWA momentum Both tokenomics and tokenization have emerged as major growth themes in the 2026 cycle.
While Solana still trails BNB when it comes to deflationary mechanics, its tokenization narrative is clearly gaining momentum. According to RWA.xyz, Solana is now the leading blockchain by RWA holders, with over 300k real-world asset holders, a new all-time high, and far ahead of BSC’s 118k holders. Notably, this surge has been fueled by tokenized equities, with Solana recording $3.47 billion in tokenized equities trading volume in June 2026, also marking a new all-time high.
However, price action tells a different story. SOL/BNB remains in a steady downtrend, failing to reclaim key support levels since Q4 2023’s 227% rally. Since then, each cycle has followed a similar pattern. Around two quarters of consolidation before another breakdown, underscoring that Solana’s strong fundamentals have yet to fully translate into relative strength against BNB.
Source: TradingView (SOL/BNB) Naturally, this shifts the focus back to BNB’s recent 1.62 million token burn.
With supply tightening further and the gap widening against Solana’s 582 million liquid supply, Solana’s RWA momentum has yet to show up in the SOL/BNB ratio. Moreover, investors appear to be placing more weight on stronger tokenomics as a more reliable driver of long-term value capture.
In this context, a SOL/BNB breakout in Q3 still looks like a tough challenge.
Final Summary BNB’s 1.62 million token burn is boosting its deflationary narrative, as investors focus more on assets with stronger supply control. Solana’s RWA growth is strong. But BSC’s tighter supply keeps the SOL/BNB breakout uncertain.
Bitcoin traded flat near the $64,600 mark on Thursday as easing inflation and rising geopolitical tensions kept investors cautious. The world's largest cryptocurrency was last trading at $64,560.
Over the past 24 hours, Bitcoin slipped 0.42%, while Ethereum gained 2.24% to trade at $1,917. Among major altcoins, BNB and XRP rose 0.45% and 0.51%, respectively, while Solana, Tron, Hyperliquid, Dogecoin and Cardano fell by up to 0.95%.
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96 (0.13%)
96 (0.12%)
55,462 (0.08%)
6,167,085 (-0.77%)
Vikram Subburaj, CEO of Giottus, said softer-than-expected U.S. consumer and producer inflation data eased concerns over an immediate Federal Reserve rate hike. However, renewed geopolitical tensions and higher crude oil prices prevented a stronger risk-on rally.
He advised investors to avoid chasing short-term breakouts, adding that staggered accumulation, limited leverage and disciplined position sizing remain preferable until Bitcoin sustains above $65,500 and ETF inflows become more consistent.
According to CoinMarketCap, the global cryptocurrency market capitalisation edged up 0.1% to $2.22 trillion. The CoinDCX Research Team said Bitcoin touched a local high above $65,600, driven by nearly $209 million in short liquidations. It also noted that crypto ETFs other than Bitcoin and Ethereum saw virtually no activity.
Over the past week, Bitcoin and Ethereum gained 2.41% and 9.25%, respectively. Among major altcoins, BNB, XRP and Dogecoin rose by up to 1.61%, while Solana, Tron and Hyperliquid declined by up to 2.03%.
The CoinSwitch Markets Desk said Bitcoin climbed to a three-week high of $65,500 after U.S. producer inflation fell 0.3% month-on-month, reinforcing the softer CPI print released a day earlier, before easing below $65,000.
It added that Bitcoin now faces resistance around $67,200. A sustained breakout above this level could pave the way toward $70,000. However, traders remain cautious as the cryptocurrency approaches its 50-month exponential moving average (EMA), which has historically acted as a key resistance level during bearish phases.
Here’s what another analyst said:
Avinash Shekhar, Co-founder and CEO of Pi42, said the crypto market is showing encouraging signs of renewed institutional confidence, with Bitcoin supported by fresh ETF inflows while Ethereum continues to attract attention ahead of potential catalysts in the second half of the year.
He advised investors to build positions gradually with a disciplined approach rather than react to daily price swings or speculative narratives.
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Riya Sehgal, Research Analyst, Delta Exchange, said: “Bitcoin is still struggling to establish acceptance above the $65,000-$66,000 resistance zone. The first key support lies near $64,200. Ethereum continues to display stronger relative momentum, although its Relative Strength Index (RSI), at around 71, indicates overextended conditions.”
Nischal Shetty, Founder, WazirX, said: “The crypto market is witnessing renewed optimism as softer inflation data has eased concerns over further interest rate hikes. Lower rate expectations typically improve liquidity for risk assets, and signs of institutional confidence are already emerging, with both Bitcoin and Ethereum spot ETFs recording fresh inflows last week.”
(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own and do not represent the views of The Economic Times)
BNB Chain Completes 36th Quarterly BNB Burn, Destroying 1.6058 Million Tokens Worth Approximately $932 Million
The BNB Foundation announced the completion of the 36th quarterly BNB burn, with a total of 1,615,827.795 BNB destroyed, worth approximately $932 million at the time. The burn transaction is publicly on-chain. Officials stated that BNB advances its deflationary goal through a dual mechanism of Auto-Burn and real-time burn based on gas fees. The long-term plan is to gradually reduce the total supply of BNB from the current approximately 133 million to 100 million.
Revolut Receives Preliminary License in Dubai, Plans to Offer Crypto Brokerage and Trading Services in the UAE
Fintech company Revolut has obtained “in-principle approval” from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer crypto brokerage-dealing, investment, and exchange services in the UAE. Revolut plans to provide crypto services to local users via its retail app and the standalone trading platform Revolut X. These services are still subject to final regulatory approval before official launch.
Elon Musk: X Pledges to Fully Open-Source Code After Security Review
Elon Musk posted that after completing a security vulnerability review, X will make the entire platform's complete codebase open source “without exception,” and invite third parties to audit the live running systems to verify that the production code matches the open-source code exactly. Musk stated this move aims to build user trust through verifiable system transparency.
BlackRock's Digital Asset AUM Falls to $48.8 Billion Despite $15.1 Billion Net Inflows
BlackRock disclosed that its digital asset product AUM fell from $79.6 billion a year ago to $48.8 billion, a decline of nearly 39%. During this period, it recorded approximately $15.1 billion in net inflows, which were offset by about $45.8 billion in market depreciation. The business saw $3.1 billion in net outflows in Q2. During the same period, BlackRock's overall AUM hit a record high of $15.3 trillion. In this earnings report, BlackRock set an annual crypto business revenue target of approximately $500 million by 2030, more than ten times the current ~$40 million from base fees and securities lending revenue. It stated it will expand its layout around the existing Bitcoin spot ETF (IBIT), Ethereum spot ETF (ETHA), and the options strategy product BITY, aiming to become a stablecoin reserve and native asset manager for digital wallets.
DTCC, Alongside JPMorgan, BlackRock, Goldman Sachs and Nearly 40 Institutions, Advances Tokenization of Equities and U.S. Treasuries
The Depository Trust & Clearing Corporation (DTCC) is advancing a Wall Street asset tokenization initiative, tokenizing assets such as Microsoft, SPY, QQQ, and U.S. Treasuries. Participating institutions include JPMorgan, BlackRock, Goldman Sachs, and others. The institutions plan to use tokenized assets for collateral transfers, repo transactions, and equity trading, aiming to improve capital efficiency, optimize settlement processes, and bring traditional financial infrastructure on-chain.
Cyclops Raises $20 Million in Series A to Advance Stablecoin Payment Settlement
Miami-based payment infrastructure startup Cyclops has completed a $20 million Series A funding round, aiming to help payment companies accelerate fund settlement using stablecoins. The company optimizes cross-border and traditional payment processes through stablecoins, improving settlement efficiency, reducing costs, and promoting the use of stablecoins in enterprise payments and financial infrastructure.
Indian AI Coding Platform Emergent Raises $130 Million in Series C at $1.5 Billion Valuation
Indian AI coding startup Emergent has raised $130 million in a Series C round at a post-money valuation of approximately $1.5 billion, a roughly 5x increase from its $300 million valuation in January this year. The round was led by private equity firm Creaegis, with participation from MNI Ventures-Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Y Combinator, and others, bringing total funding to $230 million. Emergent offers an “engineering team as a service” AI coding platform for SMEs and entrepreneurs. It currently has an annualized revenue of about $120 million, growing approximately 70% over the past four months, with over 200,000 paying users and clients across logistics, manufacturing, construction, and property management.
Kalshi has self-certified a CFTC-regulated flight cancellation event contract, allowing investors to trade on whether the number of flight cancellations at a specific airport during a given period exceeds a set threshold. The contract will settle based on actual cancellation data, providing a standardized hedging tool for flight operation risks and introducing flight disruption events to the contractual trading market.
Alibaba's Gains Widen to 7.5%, Now Trading at $120.75
According to Bybit data, Alibaba (BABA.N) gains widened to 7.5%, now trading at $120.75.
Coinbase to End Support for USDC Deposits and Withdrawals on Noble Network on August 17
Coinbase will cease support for USDC deposits and withdrawals on the Noble network on August 17, 2026, after which users will no longer be able to send or receive USDC on that network.
Tehran Province Seizes 187 Illegal Mining Machines
The Tehran Provincial Electricity Distribution Company stated it seized 187 illegal cryptocurrency mining devices at two industrial units in Khorasan and Shahriar.
Fed Chair Warsh: Expects AI to Push Up Observable Price Levels in the Next 12 Months
Federal Reserve Chair Warsh attended the Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress.” He stated that recent inflation data does not perfectly reflect underlying inflation. Any central bank would be pleased when data moves in the right direction. In the short term, AI investment is beneficial for employment. During this period, AI will trigger disruptive changes. AI investment could be very good for jobs because we are building infrastructure. It is inappropriate to prejudge the content of a meeting without factual basis. I strictly comply with and exceed my ethical agreements, having sold or soon to fully sell assets acquired before I became Fed Chair. I have converted investments into cash equivalents and short-term Treasuries. He expects AI to push up observable price levels in the next 12 months, and whether AI leads to inflation depends on the Fed. He believes AI is a long-term job creator, though it may bring disruptive impacts. Regarding the short-term impact of AI, I cannot guarantee no job disruption, nor can I provide reassurance on employment. The price surge triggered by AI is real and I don’t want to downplay it. I would rather see companies invest than buy back stock. Corporate capital investment contributes tremendously to GDP, and I expect this trend to continue.
Perpetual DEX OSTIUM on Arbitrum Suspected of Being Hacked, Losing Approximately $18 Million
Security team Blockaid monitoring shows that the perpetual contract DEX Ostium Vault on Arbitrum is suspected to have been attacked. The attacker used a registered PriceUpKeep forwarding contract and authorized oracle reports with "pre-signed future times" to artificially create fake trading profits, triggering a loss of approximately 18 million USDC from the vault.
Chun Wang Transfers Around 4,950 ETH to Binance After Unstaking via Lido
Chun Wang (王纯) transferred approximately 4,950 ETH (around $9.53 million) to a Binance address 0xf42b…2b51 after completing ETH unstaking through Lido and unwrapping WETH.
Ostium Suspends All Trading to Investigate OLP Vault Issue
The Ostium project team stated that it has noticed issues related to the OLP Vault and has suspended all trading on the platform. The team is investigating the cause of the incident. Earlier, security firm Blockaid pointed out that Ostium’s vault on Arbitrum was suspected of being exploited, with the attacker creating fake profits through oracle and contract logic, draining approximately 18 million USDC from the vault.
Anthropic Plans to Launch IPO Roadshow, Potentially Listing as Early as October
Claude chatbot developer Anthropic is planning pre-IPO investor meetings with underwriting banks in preparation for a potential large listing. Sources said the lead underwriters are arranging roadshow communications in the coming weeks, and Anthropic is considering launching an initial public offering on the U.S. stock market as early as October.
Summer.fi to Shut Down Operations After Protocol Exploit, Frontend Available Until August 31
According to the Summer.fi blog, due to the Lazy Summer Protocol being attacked on July 6, the team announced it will shut down Summer.fi and the Labs company behind it. The attacker manipulated the share prices of two USDC Vaults on Ethereum mainnet, stealing approximately $6.04 million in deposits in a single transaction, causing significant losses to the protocol and the team’s own funds and depleting operating capital. Against the backdrop of DeFi being under pressure following the Stream Finance incident in October 2025, the team stated there is no viable restructuring path and will keep the Summer.fi frontend available until August 31. The future development of Lazy Summer Protocol will be decided by the Lazy Summer DAO, which is advancing the process to restore full Vault withdrawals and redemptions; the official support email and Discord will remain open until the end of August.
SpaceXAI Open-Sources Its Coding Agent and Terminal User Interface Grok Build
SpaceXAI announced the open-sourcing of its coding agent and terminal user interface Grok Build, with the source code now available on GitHub. The open-sourced content includes modules such as the agent loop, tool system, terminal UI rendering, and extension systems (skills, plugins, hooks, MCP servers, and sub-agents). Grok Build now supports fully local-first operation, allowing users to compile it themselves and point it to a local inference instance, driven by a config.toml configuration file.
SpaceX Stock Price Falls Below $135 IPO Price for the First Time
According to Bybit market data, SpaceX’s stock price fell for the fourth consecutive trading day on Wednesday, briefly dipping below the $135 per share IPO price intraday, marking the first time since its listing. The stock fell about 0.60% on Wednesday to close at $135.27 per share. During its first month of trading, SpaceX shares reached an all-time high of $225.64.
Fed Beige Book: Most Districts Saw Slight to Modest Growth, Prices Rose Moderately Overall
The Fed’s Beige Book showed that from late May through June, economic activity expanded at a slight to modest pace in 11 of the 12 Federal Reserve districts, while one district reported no change in activity. Prices overall rose moderately; among the 12 Fed districts, 9 reported moderate price increases, 2 saw stronger increases, and 1 saw smaller increases, with the overall pace of increase holding steady or slowing compared to the prior period. Employment overall increased, with five districts experiencing modest, moderate, or solid employment gains, while seven saw little or no change. Businesses surveyed generally expect the economy to continue expanding in the coming months, but several districts noted high uncertainty regarding the outlook for fuel costs.
Fed Governor Cook: Prepared to Act if Inflation Does Not Cool Soon
Fed Governor Cook stated that there are reasons to believe inflation will continue to cool, but tariffs, the Middle East conflict, and AI investment could keep price pressures persistent; it is prudent to wait for further disinflation over a period, and if inflation is not seen cooling in the near term, she is prepared to act.
Crypto Clearing Firm Glacis Labs Closes $6.8 Million Seed Round With Participation From Franklin Templeton
Glacis Labs, the startup behind the crypto clearing platform ZeroDelta, closed a $6.8 million seed round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN, Protein Capital, and Techni Ventures. The funding structure is equity plus token warrants, with the valuation undisclosed. Founded in January 2024, Glacis has developed the ZeroDelta multi-chain clearing platform, which reduces counterparty risk by matching, netting, and settling cross-chain digital asset transfers. ZeroDelta currently supports USDC, USDT, and USDe, with plans to expand into tokenized securities, RWAs, and forex. Glacis generates revenue by charging fees on clearing volumes, having processed over $1 billion in volume with an annualized run rate of $1.5 billion. The team currently has 10 members and plans to expand its engineering, compliance, and marketing teams.
Coinbase Executive Jesse Pollak Steps Down as Head of Base Applications, Cobie Takes Over
Coinbase executive and Base blockchain founder Jesse Pollak posted on X, announcing he will no longer lead the Base applications team, with Cobie (Jordan Fish) taking over. Pollak acknowledged that Base’s previous bets on social and creator features largely fell flat — Farcaster was sold, Zora shifted to Solana, and most creator token investors lost money. Pollak described Q1 2026 as hitting “like a punch,” noting that the focus on social features caused Base to fall behind in key areas such as trading, stablecoin payments, and AI agents. He will shift to Base chain infrastructure, aiming to “make Base the blockchain for global finance and committed to becoming the core platform for global money settlement over the coming century.” Cobie joined Coinbase last year after Coinbase acquired his ICO launchpad Echo for approximately $375 million in cash and stock. Previous reports indicated that the Coinbase CEO publicly admitted the failure of the Base creator token strategy.
Arthur Hayes Suspected of Accumulating 1,293 ETH via OTC Transactions, Worth Around $2.48 Million
BitMEX co-founder Arthur Hayes is suspected of accumulating ETH through over-the-counter transactions. The first involved sending 1.25 million USDC to Galaxy Digital and receiving 646.33 ETH ($1.24 million); the second was completed through FalconX, receiving 646.93 ETH ($1.24 million). The two transactions total approximately 1,293 ETH, worth about $2.48 million. The relevant addresses have been publicly disclosed.
Strategy CEO: The Company Will Not Stop Buying Bitcoin, Only Needs to Worry About Debt if BTC Falls Below $10,000
Strategy President and CEO Phong Le said in an interview with Bloomberg Television that the company will not stop buying Bitcoin, and "the goal for the foreseeable future is to be the largest Bitcoin buyer." He noted that debt risks would only need to be considered if Bitcoin fell to around $8,000–$10,000, and the company is currently "very comfortable" with its balance sheet. Le said that the recent sale of over $215 million worth of Bitcoin and the increase of cash reserves to $3 billion were in response to preferred stock shareholders' demand for short-term liquidity and to demonstrate the liquidity of the company's Bitcoin holdings. Once STRC returns to its $100 par value, the company will issue more preferred stock to purchase Bitcoin. Strategy's price-to-book ratio has rebounded from below 1 to around 1.02, with BTC currently trading near $65,000.
Trump to Attend Key Thursday White House Meeting on Clarity Act Ethics Provisions
Ethics concerns will take center stage at a Thursday afternoon meeting with President Trump, a small group of lawmakers and White House staff, as legislators try to resolve the ethics provisions in the Clarity Act. Solana Policy Institute President Kristin Smith said the meeting is scheduled for 2:30 p.m. local time Thursday and will include Republican Senators Bernie Moreno and Cynthia Lummis, senior White House crypto advisor Patrick Witt and White House Chief of Staff Susie Wiles. The meeting comes as lawmakers have been negotiating the ethics provisions to address legislative concerns over Trump and his family’s crypto ventures. Smith described the meeting as “critical” for the Clarity Act’s passage and expressed hope of securing Trump’s approval on the ethics language. Crypto industry sources said progress hinges on the Thursday meeting and that “Trump’s personal attendance is a big deal.” Senate Majority Leader Thune aims to bring the bill to a full floor vote before the August recess, with updated text expected to be released this week.
BlackRock CFO: Firm’s Long-Term Goal Is to Offer Crypto Assets and All Types of Traditional Assets Within Digital Wallets
BlackRock CFO Martin Small laid out a vision for the convergence of crypto and traditional finance on an earnings call, stating the long-term goal is to make BlackRock products natively available where investors hold digital assets. “Investors won’t have to leave their digital wallets to efficiently allocate to crypto assets, stablecoins, and long-term equities and bonds,” Small said. The firm also seeks to eventually offer tokenized treasury funds, iShares ETFs and private market products, calling tokenization and crypto a “purely organic growth opportunity.” Despite digital assets under management falling to $49 billion in the second quarter (down roughly 40% year-over-year) amid the market downturn, BlackRock reaffirmed its $500 million revenue target for crypto-related businesses by 2030. Shares of the company rose more than 7% in early trading after the earnings release. BlackRock manages the world’s largest spot Bitcoin ETF, with approximately $60 billion in AUM.
A Whale Bought and Withdrew 21,300 ETH Worth About $40.95 Million From Fidelity Custody
Another whale is accumulating ETH, buying and withdrawing 21,300 ETH ($40.95 million) from Fidelity Custody to a new wallet.
PeckShield: Ostium’s Public OLP Vault Drained of Approximately 24 Million USDC
Ostium’s public OLP vault has been drained of approximately 24 million USDC. The attacker swapped the funds for 12,080 ETH and has deposited 10,540 ETH into Tornado Cash. The attacker initially funded the wallet address with 1 ETH each via ChangeNow and Bybit as seed funds.
Tether Invests $20 Million in Argentine Digital Bank Ualá to Expand Latin American Footprint
Tether invested $20 million in Argentine digital bank Ualá as part of the $197 million funding round Ualá announced in March. Ualá plans to use the capital to accelerate its expansion in Argentina, Mexico and Colombia. Ualá founder and CEO Pierpaolo Barbieri said that due to the regulatory environment in Argentina and Mexico, the platform will not integrate the USDT stablecoin in the short term, and Tether is participating solely as a financial investor. Ualá has 11 million customers and is valued at $3.2 billion after this round, and plans to accelerate expansion in Mexico.
ORANGE JUICE Raises $40 Million to Build a Permanent Capital Holding Company Backed by Bitcoin Reserves
ORANGE JUICE announced it has closed $40 million in financing to establish a permanent capital holding company backed by bitcoin reserves. The company was co-founded by ego death capital partners Jeff Booth, Lyn Alden, Nico Lechuga and Andi Pitt, among others, with Grupo Salinas founder Ricardo Salinas participating as an anchor investor. ORANGE JUICE is not constrained by fund lifecycles or resale pressure, allowing it to focus on the long-term development of its portfolio companies, and plans to pursue a public listing in the future. The firm will initially acquire stable cash-generating businesses with annual cash flows of $1 million to $10 million; acquired companies will retain their brand identities, and founders can choose to retire, stay on, or gradually transition. Cash generated by operations will be reinvested into acquisitions or bitcoin reserves.
A Whale Withdrew 30,000 ETH From Coinbase Prime and Distributed Them Across Three New Wallets, Worth About $57.66 Million
A whale withdrew 30,000 ETH ($57.66 million) from Coinbase Prime and distributed them across three new wallets.
Stanford Study: Signs of Manipulation in Polymarket Five-Minute Bitcoin Betting Market
Researchers at Stanford University found signs of manipulation in Polymarket’s five-minute Bitcoin betting market. The study analyzed contract data over roughly two months and found repeated, one-way trading pulses on the Binance exchange that briefly influenced the Bitcoin price in the seconds before a bet resolved, benefiting those with aligned positions. The researchers described this pattern as “temporary manipulation to push up the spot price” and noted a structural vulnerability in such contracts — participants can influence outcomes by trading the very underlying asset that determines wins and losses. A Polymarket spokesperson said the platform uses multiple independent price oracles to ensure accuracy and plans to transition some markets to settlement using longer time windows within the next year to enhance market integrity. The study estimated suspected manipulators netted approximately $8.2 million over two months, mainly from retail trader losses. Similar patterns were not evident in 15-minute markets, where longer windows make outcomes harder to influence.
Aave V4 Goes Live on Avalanche Network, First Expansion Beyond Ethereum
Decentralized lending protocol Aave Labs announced that Aave V4 has officially launched on the Avalanche network, marking the version’s first expansion since its deployment on the Ethereum blockchain. The deployment is part of Aave founder Stani Kulechov’s plan to introduce tokenized RWAs to the protocol. V4 uses a “hub-and-spoke” architecture to isolate risk across different liquidity hubs, with the Avalanche deployment running one core liquidity hub and three independent markets: the main market, an AVAX-related market (built around liquid staking), and a foreign exchange market.
NYDIG: Bitcoin Is the Worst-Performing Major Asset Year-to-Date; If It Replicates 2022 Pattern, Could Drop to $38,000–$39,000
An NYDIG report shows Bitcoin is down nearly 30% year-to-date, making it the worst performer among major assets, underperforming U.S. Treasuries, silver and the Swiss franc. The report notes the current slump stems from supply dynamics rather than risk sentiment, and the timing and structure of its 2025-2026 drawdown are increasingly resembling the correction years of 2014, 2018 and 2022. Should it fully replicate the 2022 pattern, the cyclical low could be near the $38,000–$39,000 area. However, Bitcoin also experienced its least volatile year on record in 2025, leading some analysts to believe this year’s drawdown could be shallower than in previous bear markets. The rolling correlation between Bitcoin and gold rose in Q2 2026, with both assets experiencing sell-offs as the “debasement trade” lost momentum. Bitwise said last week that although Bitcoin is in its deepest and longest slump since the last bear market, the fundamentals are in place for a rapid recovery. NYDIG called the CLARITY Act “the most important forward-looking catalyst for the digital asset industry.”
Another Whale Again Withdraws 50 WBTC From Binance; Total ETH and WBTC Holdings Surpass $100 Million
A whale or entity that has accumulated nearly $100 million worth of ETH and WBTC since July withdrew 50 WBTC from Binance 8 hours ago. It currently holds 49,407 ETH and 300 WBTC, with a total value exceeding $103 million, an average cost of approximately $1,705 and $63,027.58, and an unrealized profit of $11.113 million.
BlackRock CEO: Bullish on the market in the next 12 months, crypto market more stable after leverage flush-out
BlackRock CEO Larry Fink said in a CNBC interview that he is "very optimistic" about the market in the next 12 months, believing that the technology revolution will drive more companies to achieve better profit margins. Fink pointed out that the current level of leverage in the financial system is far lower than during the 2008–2009 financial crisis, overall risk exposure is limited, but warned that localized risks still exist. Regarding Bitcoin, Fink said that previous crypto cycles had too many leveraged participants, and after multiple rounds of liquidations, Bitcoin and the crypto market have become more stable. BlackRock has improved its profit margin by 260 basis points over the past 12 months due to technology adoption, adding $1 trillion in assets without increasing headcount.
BNB Chain has completed its 36th quarterly token burn, permanently removing 1,615,827.795 BNB from circulation.
Summary
BNB Chain burned 1.61 million BNB worth $932 million in its 36th quarterly burn event. BNB supply fell to 133.17 million after the burn, moving closer to 100 million target. Future quarterly burns will occur directly on BSC, sending tokens permanently to the blackhole address. The tokens were worth about $931.7 million when the burn took place on July 15, according to the official BNB Chain announcement.
The transaction reduced BNB’s total supply to 133,166,127.91 tokens. BNB Chain’s Auto-Burn system will continue reducing supply until the total reaches 100 million BNB, or half of the token’s original maximum supply.
BNB Chain removes 1.61 million tokens The latest burn removed more BNB than the previous quarterly event. The 35th burn in April destroyed 1,569,307.34 BNB worth about $1.02 billion at the time, leaving total supply at roughly 134.79 million tokens.
The dollar value of each burn changes with BNB’s market price, while the Auto-Burn formula determines the number of tokens removed. BNB Chain calculates the amount using BNB’s price and the number of blocks produced on BNB Smart Chain during the quarter. The mechanism operates independently from the Binance centralized exchange.
Future BNB burns move directly to BSC The 36th burn also marks a change in how the quarterly process operates. BNB Chain said this burn and future quarterly burns will take place directly on BSC following the BNB Chain Fusion process.
The network will send the corresponding BNB to the 0x000000000000000000000000000000000000dEaD blackhole address. Tokens sent there cannot return to circulation. As previously explained, a genuine burn permanently removes tokens by sending them to an address with no usable private key.
BNB Chain also adjusted the Auto-Burn formula after its Lorentz, Maxwell and Fermi network upgrades increased block production speed. The project said the changes maintain the original design of the burn system despite the faster block schedule.
Real-time gas fee burns continue alongside quarterly cuts The quarterly Auto-Burn operates alongside BNB Chain’s real-time burn mechanism. Under BEP-95, BSC validators burn a fixed portion of gas fees collected from each block. Around 291,000 BNB has been removed through that mechanism since its introduction, according to BNB Chain.
The two systems reduce supply through separate processes. The quarterly mechanism uses a formula linked to price and block production, while the real-time system burns part of transaction fees as users interact with BSC. Neither process guarantees changes in BNB’s market price because demand and wider market conditions also affect valuation.
BNB burn comes as institutional access expands The supply reduction comes after new regulated investment products expanded access to BNB.As reported by crypto.news, VanEck launched the first U.S. spot BNB exchange-traded fund on Nasdaq in May under the VBNB ticker.
BNB also remains the native asset used for transaction fees, staking and governance across the wider BNB Chain ecosystem. The latest burn reduced its total supply to about 133.17 million, leaving roughly 33.17 million BNB to be removed before the network reaches its long-term 100 million supply target.
The move to direct BSC burns establishes the process that BNB Chain plans to use for future quarterly events. The next burn amount will again depend on the Auto-Burn formula and network activity during the coming quarter.
