Track market-moving stories before they get noisy

Table of contents

Developer activity keeps serving as a key factor to indicate the health of the blockchain network. This data still reflects innovation, long-term sustainability, and community engagement. Based on the data from Santiment, Ethereum, BNB Chain, and Polygon are the leading blockchains in terms of developer activity. The other prominent players include Arbitrum, Optimism, Solana, Cosmos, Avalanche, Harmony, and Cardano.

Ethereum Continues to Dominate 30-Day Developer Activity Ethereum is the top name on the list of key blockchains in line with developer activity. Over the past thirty days, the blockchain has recorded 263.3K developer activity events with a 40.29% decline. Additionally, these events witnessed 1.1K contributors, expressing a 13.23% drop. In addition to this, BNB Chain has become the 2nd top player, witnessing 121.8K developer activity events with a 40.72% decrease. At the same time, the respective events had 603 contributors, highlighting a 17.62% dip.

Following that, Polygon has become the 3rd top blockchain ecosystem when it comes to developer activity over the past 30 days. In this respect, it saw 100.4K developer activity events, displaying a 40.85% plunge. Additionally, the 452 contributors of these events show a 16.14% decrease. Additionally, as the 4th top name on the list, Arbitrum accounted for 79K events with a 45.22% decline, while its 373 contributors expressed an 18.02% dip.

Solana, Avalanche, Harmony, and Cardano Bottom List As per sanbase data, Optimism’s 78.4K monthly developer activity events indicated a 45.3% dip. Simultaneously, its 355 contributors signified an 18.01% drop. Then comes Solana with 77.4K developer activity events, showing a 32.14% decline. However, its 377 developer activity contributors show a 1.62% rise over the same period.

According to Santiment, Avalanche is the 8th top blockchain when it comes to 30-day developer activity. It thus recorded 73.4K events with a 43.93% dip alongside 320 contributors, reflecting a 15.34% decrease. Additionally, Harmony’s 62.9K monthly developer activity events show a 39.45% dip, while its 287 contributors present a 10.87% drop. Concluding the list, Cardano’s 62.6K events and 295 contributors account for 34.58% and 11.41% dips.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

BNB Chain is heading to Stanford. The team will present a case study on consensus engineering improvements at the Science of Blockchain Conference (SBC) 2026, scheduled for July 27-29 at Stanford University. The core narrative: how BSC went from a 45-second finality time to sub-second speeds through a series of deliberate, multi-year upgrades.

From 45 seconds to under one The presentation, slated for Day 2 of the conference, traces BSC’s consensus speed journey through consecutive hard forks that each shaved significant time off block production.

The Lorentz hard fork brought block times down to 1.5 seconds. Then the Maxwell hard fork, implemented on May 22, 2025, pushed that figure to 0.75 seconds through the BEP-524 protocol.

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The technical upgrades behind these improvements include consecutive block production and validator sync optimizations.

The conference and its credibility SBC is organized by the Stanford Center for Blockchain Research (CBR), Berkeley RDI, and the Initiative for Cryptocurrencies and Contracts (IC3). Notable figures involved include Dan Boneh and Ari Juels. The conference focuses on blockchain protocols, network performance, and decentralized finance solutions.

BNB Chain and YZi Labs will also co-host an evening reception during the conference.

Why speed matters for DeFi When finality takes 45 seconds, a DEX trade, a lending position adjustment, or a liquidation all exist in a state of uncertainty during that window. At sub-second finality, market makers can operate with tighter spreads and liquidation engines can act more precisely.

What this means for investors The risk side deserves attention. Speed improvements often involve tradeoffs in decentralization or security. BSC operates with a relatively small validator set compared to Ethereum, and faster block times can increase the hardware requirements for validators, potentially concentrating the network further.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Binance Coin (BNB) is currently showing a mixed technical outlook, with its prevailing price trend appearing weak, but several momentum indicators suggest potential for near-term stabilization. Based on TradingView data, BNB/USDT last traded close to $569.56, holding within the $560-$570 range.

Lower-high structure signals continued bearish trendRecent technical analysis has highlighted a persistent lower-high structure on BNB’s daily chart, casting doubts over any immediate bullish recovery. Technical analyst AnhbaCong described the pattern as a “sequential lower-high structure,” which reflects that each price rally loses strength before exceeding previous peaks.

This series of lower highs generally indicates that sellers are dominating, repeatedly capping upside moves at progressively lower points. BNB’s ongoing position beneath its major moving averages—short, medium, and long term—reinforces the cautious outlook.

Repeated failures to reclaim higher resistance zones have left BNB trapped in a technically weak pattern where each rebound is halted below the last peak, according to market analysts.

Still, not all indicators are equally bearish. TradingView technicals show that oscillators are less negative than moving averages, suggesting conditions may allow for temporary consolidation or a brief price bounce.

Key support tests the strength of buyersAccording to analyst UROSCRYPTOSERB, BNB now trades near the lower boundary of a well-defined parallel channel on the daily timeframe—a level that has historically prompted rebounds. A successful defense of this support could trigger a move toward the channel’s midpoint or upper edge, although confirmation from buyers is essential.

If BNB manages a daily close below the channel, this would invalidate the current setup and may signal broader downside risk, technical reviews indicate.

Analysts note that only a sustained daily close beneath this channel, coupled with continued selling, would confirm that support has failed. Absent such confirmation, the lower channel acts as the main battleground between bulls attempting to stabilize and bears pressing the downtrend.

Moving averages remain bearish as oscillators signal weaknessTradingView’s technical dashboard shows a pronounced bearish tilt in moving averages, with 14 Sell signals and no Buy calls. The commonly used 10- to 30-period moving averages are concentrated around $569-$575, while the 50- to 100-period averages range from about $578 to $611. The 200-period moving average stands even higher, near $656-$657.

IndicatorValueSignalBNB Price$569.56Neutral10-30 MA$569–$575Sell50-100 MA$578–$611Sell200 MA$656–$657SellRSI (14)40.16NeutralMACD (12,26)-3.79SellOther important references, such as the 20-period Volume Weighted Moving Average (VWMA) at $574.63 and the 9-period Hull Moving Average at $566.75, both show Sell signals, except for the Ichimoku Base Line at $565.36, which reads as Neutral.

Oscillator readings are mixed. RSI sits at 40.16, below neutral 50, while Stochastic %K and Stochastic RSI Fast are at 34.90 and 12.22, respectively, both considered Neutral. The CCI (20) at -153.50 and ADX (14) at 22.01 point to weaker momentum but not an extreme oversold condition.

Downside scenario: Is $500 the next support?A move towards $500 is identified as the key downside risk if BNB loses its current support. Analyst MadWhale has suggested a potential 10% or greater drop toward the $500 zone, referencing a parallel trading range that could evolve into a descending channel. Such a slide from $569 would represent a decline of about 12%.

The $500 price is seen as psychologically significant, serving as a potential magnet for buyers should momentum indicators begin showing positive divergences. However, analysts caution that this target is only valid if present support levels are breached.

Main support and resistance levels to watchTechnical assessments place immediate BNB support around $540-$560, near the current trading region. Resistance sits at $570-$580—an area bulls must reclaim to improve near-term prospects. If BNB moves higher, the next notable resistance is $580-$600, with a pivot point at $605.56 and a more distant R1 level at $670.53. On the downside, calculated S1 is at $481.56, though this is viewed as a wider range than current price action might warrant.

Bulls and bears at a crossroadsThe current technical setup remains balanced between a recovery attempt and the risk of a further drop. Bears maintain an edge on the back of lower-high price structure and negative momentum readings, while bulls see hope in the possibility of support holding and indicators approaching levels that could spark a relief rally.

A confirmed move through the $570-$580 resistance or a breakdown beneath $540-$560 is likely to set BNB’s next decisive direction. Until then, market participants will closely monitor signals from both price channels and momentum readings for the next significant 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.

3 Real Reasons Why BitMEX is Shutting Down, and Who Could Be Next

Every week, new builders join BNB Chain - spanning DeFi, AI, RWAs, infra and more.

Scroll through the latest projects below. If something grabs your attention, give them a follow. We’ll keep updating this list as the ecosystem grows.

The momentum’s real. Let’s keep pushing Web3 forward.

Project name

Category

Description

Dapital

DeFi

A social trading app

Privacy Cash

Privacy

Privately fund your wallet

Stove Protocol

Infra

RWA infrastructure

Pay Protocol

Infra

Open Protocol Enterprise Wallet Infra

IXS Finance

RWA

Regulated AI Agentic RWA Settlement Layer for Tokenized RWAs

Sixpence

RWA

On-chain yield for tokenized stocks

Reserve

Infra

Pioneering onchain funds (called DTFs or Decentralized Token Funds), in pursuit of asset-backed currency

StandX

Infra

Offering universal markets and yields

Poppie Finance

DeFi

Borrow stablecoins with your tokenized stocks

IMPORTANT: Please note that all the information in the table above is for informational purposes only and should not be considered financial advice. Please DYOR.

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Bitcoin hovered near the $65,000 mark on Friday as escalating Middle East tensions weighed on sentiment in the cryptocurrency market, while Ethereum also traded lower.

Bitcoin was trading at $65,345, while Ethereum was at $1,877.

Over the past 24 hours, Bitcoin declined 0.43% and Ethereum fell 2.23%. Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano dropped by as much as 4.09%, while Tron edged up 0.05%.

Crypto Tracker

TOP COINS (₹)

96 (-0.06%)

96 (-0.06%)

6,310,434 (-0.34%)

54,863 (-0.47%)

182,464 (-1.73%)

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Nischal Shetty, founder of WazirX, said that Bitcoin remained under pressure as geopolitical tensions in the Middle East dampened investor sentiment, prompting a shift toward safer assets. Ethereum also weakened, with traders closely monitoring institutional positioning and broader market uncertainty.

“Bitcoin's daily technical indicators remain neutral, with immediate support around $64,200–$64,500, while Futures traders are watching whether BTC can sustain a move back toward $66,000. For Ethereum traders, $1,840–$1,860 remains the key support zone, while $1,900 is the next major resistance,” Shetty further said.

The global crypto market capitalisation went down 0.7% to $2.22 trillion, according to CoinMarketCap.

Akshat Siddhant, Lead quant analyst, Mudrex said fresh attacks in the Middle East have pushed crude oil above $90 a barrel, while driving US bond yields to their highest levels in 18 months, weighing on risk assets.

Despite the weakness in price, US spot Bitcoin ETFs extended their inflow streak to seven consecutive sessions, attracting nearly $1 billion in total, Siddhant further said.

In the past week, Bitcoin and Ethereum were up 2.98% and 1.58% respectively. Among the major altcoins, BNB, Hyperliquid, and Dogecoin corrected upto 4.17% whereas XRP, Solana, Tron, and Cardano gained upto 4.47%.

Crypto markets are also facing pressure from tighter financial conditions. Bitcoin remains relatively stronger than Ethereum and major altcoins, with its four-hour structure constructive above $65,000, said Riya Sehgal, Research Analyst, Delta Exchange.

Here is what other analyst say

Vikram Subburaj, CEO, Giottus: Institutional demand has improved materially. US spot Bitcoin ETFs recorded approximately $999.3 million in inflows across seven consecutive positive sessions from July 14 to July 22. These inflows more than offset the $424.7 million outflow recorded on July 13. July 23 showed a preliminary $22.6 million outflow, although BlackRock’s IBIT figure remained unavailable.

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Avinash Shekhar, Co-Founder & CEO, Pi42: The latest correction across the crypto market reflects how quickly global geopolitical developments can influence investor sentiment across asset classes. Bitcoin’s pullback towards the mid $64,000 range, alongside weakness in Ethereum and other leading digital assets, comes amid heightened uncertainty following the escalation in the Iran conflict and a broader shift away from high-growth assets.

CoinSwitch Markets Desk: The July recovery could lose momentum if BTC fails to reclaim $65K, with the 21-day moving average near $64K acting as key support and $68K as the next major resistance. Investors may prefer disciplined positioning, limited leverage and gradual accumulation near support rather than chasing short-term rebounds.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Bitcoin traded near the $65,700 mark on Thursday as AI-led inflation concerns capped gains despite strong ETF demand. The cryptocurrency was trading at the $65,770 mark.

In the past 24 hours, Bitcoin fell 0.2% and Ethereum was up 0.4% to trade at $1,924 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano gained up to 2%.

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Crypto Tracker

TOP COINS (₹)

54,928 (0.35%)

184,732 (0.14%)

96 (0.02%)

96 (0.02%)

6,311,629 (-0.46%)

Akshat Siddhant, Lead quant analyst, Mudrex said Bitcoin is consolidating around the $65,700 level as investors balance strong institutional demand against persistent macroeconomic headwinds. Heavy AI-related spending by major technology companies on data centres, power infrastructure, and advanced chips is adding to inflation concerns, keeping bond yields elevated and limiting upside for risk assets.

Geopolitical risks have also intensified after Iran's exports were blocked. Despite this, institutional interest remains resilient, with US spot Bitcoin ETFs recording a sixth consecutive day of net inflows, adding $203 million on Tuesday and taking the total to nearly $930 million, Siddhant further said.

The global crypto market capitalisation edged down 0.07% to $2.24 trillion, according to CoinMarketCap. Traders have begun to book profits as Bitcoin continues to face significant upward pressure while holding above $65,600, said CoinDCX Research Team.

In the past week, Bitcoin and Ethereum were up 1.5% and 0.2% respectively. Among the major altcoins, XRP, Solana, Tron, and Cardano gained up to 6% whereas BNB, Hyperliquid, Dogecoin fell up to 12%.

Vikram Subburaj, CEO, Giottus said Bitcoin traded near $65,800 on Thursday, down about 1% over 24 hours, as the market consolidated after its recent advance. Immediate support lies around $65,500, followed by $65,000.

Exchange inflows have fallen to a fraction of their early-June peak, indicating that immediate selling pressure has eased. However, recent accumulation has concentrated among wallets holding 1,000-10,000 Bitcoin, while broader wallet participation remains limited, said Subburaj.

Market perspective
Nischal Shetty, founder, WazirX
Bitcoin is trading around $65,790, with the daily technical outlook remaining neutral as buyers and sellers stay evenly matched. Moving averages lean bullish, while mixed oscillator signals suggest traders are awaiting a decisive breakout.

Riya Sehgal, Research Analyst, Delta Exchange
In crypto, Bitcoin’s four-hour structure remains bullish above the $64,150–$64,950 support zone. A confirmed breakout above $67,200 could open the path toward $68,000, while a loss of $64,150 may expose $62,500–$63,000. Ethereum continues to show stronger relative momentum above $1,880.

Also Read |Tanla Platforms shares jump nearly 14% post Q1 earnings, revenue surges 17.8% YoY

Avinash Shekhar, Co-Founder & CEO, Pi42
Bitcoin is trading at around $65,700 today after a modest pullback, as higher oil prices, expectations of elevated interest rates, and broader macroeconomic uncertainty weighed on investor sentiment. Despite the near-term pressure, the market continues to demonstrate resilience, with institutional participation and ETF flows providing a supportive backdrop.

CoinSwitch Markets Desk
Bitcoin’s rebound is approaching a key resistance zone near $70K, where profit-taking and selling from long-term holders could slow further gains. Bitcoin is currently trading around $66K, but demand remains uneven, leaving the market vulnerable to another pullback. At the same time, options traders have built nearly $2.5 billion in positions targeting $72K by the end of July, pointing to expectations of increased volatility around the upcoming Fed meeting.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

A parody memecoin launched on BNB Chain (CRYPTO: BNB) has taken off like a rocket this year, even as the bear market drained the life out of the more popular cryptocurrencies.

No Bear Market HereBinance Life, the English translation of an originally Chinese-named cryptocurrency, has surged 450% year-to-date, making it the third-best performing coin in 2026, according to CoinMarketCap.

The coin, mirroring the broader cryptocurrency market, trailed in the first quarter and collapsed from $0.265 to a low of $0.04.

However, things changed dramatically in the second quarter, with the memecoin exploding to an all-time high of $0.89. Its returns since launch stood at a staggering 604083.05%.

The Humble OriginsIt all started as a casual joke in the Chinese cryptocurrency community in October 2025, when Binance co-founder He Yi  replied to an X user’S post with a casual wish to “enjoy Binance Life.”

That proved to be the perfect trigger for the BNB community. As is typical with viral phrases in the industry, it ultimately led to the launch of a dedicated memecoin.

Price Action: At the time of writing, Binance Life was exchanging hands at $0.6310, up 6.40% in the last 24 hours, according to data from Benzinga Pro.

Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading

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S&P Dow Jones Indices and Pantera Capital have introduced a new digital asset index focused on tracking blockchain networks and protocols based on protocol revenue. This approach marks a shift from traditional crypto benchmarks that rely on market capitalization or token prices.

Protocol revenue as the key metricThe index is derived from the S&P Cryptocurrency Broad Digital Asset Index and screens assets for minimum levels of protocol revenue, market capitalization, and liquidity. Once assets meet these requirements, eligible networks are ranked by their total protocol revenue over the previous two quarters. The final composition is then weighted by adjusted market capitalization, with a maximum allocation of 35% for the largest holding and up to 20% for most other constituents. The index undergoes quarterly rebalancing.

S&P Dow Jones Indices and Pantera Capital stated that the benchmark targets institutional investors and could be utilized as the basis for investment products or as a reference point for actively managed portfolios. According to S&P, the index’s rules-based structure is designed to differentiate established blockchain activity from more speculative digital assets.

The index’s methodology prioritizes blockchain networks with substantial protocol revenue, aiming to give investors exposure to projects generating meaningful economic activity rather than just speculative value.

Constituents and methodologyAt launch, the index consisted of 18 digital assets, with Ether (ETH), BNB (BNB), Solana (SOL), TRON (TRX), and Hyperliquid (HYPE) as the largest holdings. Bitcoin (BTC) and XRP (XRP), which rank prominently in the broader S&P Cryptocurrency Broad Digital Asset Index, were excluded due to the protocol revenue selection criteria.

Mini dictionary: S&P Dow Jones Indices is a major global index provider, best known for benchmarks like the S&P 500, while Pantera Capital is a prominent blockchain investment firm focused on crypto startups and digital asset strategies.

IndexConstituentsLargest HoldingsWeighting MethodS&P Digital Asset Index18 tokensETH, BNB, SOL, TRX, HYPEAdjusted market cap, max 35%S&P Cryptocurrency Broad Digital Asset IndexWider selectionIncludes BTC, XRPMarket capitalizationRecent trends in digital asset benchmarksThe launch expands S&P Dow Jones Indices’ broader efforts in the crypto space. In October, the index provider rolled out the S&P Digital Markets 50 Index, which blends 15 cryptocurrencies with 35 public companies involved in the crypto sector.

This latest index is part of a growing movement in the industry to create institutional-grade benchmarks for digital assets. As traditional financial institutions continue to expand their crypto offerings and tokenized assets become more popular, demand for reliable metrics has increased.

Earlier this year, Hashdex introduced the Nasdaq Crypto Index US ETF, the country’s first multi-asset spot crypto ETF. Franklin Templeton followed with its own index fund, providing exposure to Bitcoin and Ether through a capitalization-weighted approach.

In April, MarketVector Indexes and Coinbase Asset Management released the Coinbase Store of Value Index. This new benchmark combines Bitcoin and tokenized gold, using an inverse-volatility weighting to capture diversified exposure.

Matt Hougan, chief investment officer at Bitwise, highlighted in December that crypto index funds are expected to see significant growth in 2026. Hougan argued that as the asset class matures and becomes more complex, diversified index offerings are likely to become more attractive for investors who want exposure to digital assets without attempting to pick individual winners.

With the fast-paced evolution of blockchain networks and uncertainty over long-term leaders, diversified index products may appeal to investors seeking broader market exposure.

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.

Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.

According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.

27 minutes ago

Binance will suspend trading on July 25 for system upgrades.

According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.

27 minutes ago

Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.

27 minutes ago

The on-chain tokenized GME stock on Robinhood Crypto once traded at a significant premium, as market makers engaged in continuous mint arbitrage.

According to market data, trading activity in GME meme tokens and GME tokenized stocks on Robinhood Crypto has driven a rapid rise in the prices of their underlying liquidity pools. The on-chain price of GME tokenized stocks once traded at a roughly 10x premium over the actual underlying stock price. Given the relevant trading pools hold only around $200,000 in liquidity, heavy buying pressure pushed prices to deviate sharply from the spot level. Currently, mint and burn permissions for GME tokenized stocks are restricted to Authorized Participants (APs) and market makers that have completed Know Your Business (KYB) verification. On-chain data shows the official mint address is continuously issuing additional tokens to inject market liquidity; the latest records indicate new mint transactions occur nearly every minute, aimed at easing the premium and guiding prices back to their fair value.

27 minutes ago

Kazakhstan will incorporate strategic digital mining into the development of its national cryptocurrency reserve, requiring mining firms to surrender a portion of their mining assets.

Kazakhstan’s government has approved the "Implementation Rules for Strategic Digital Mining", allowing eligible enterprises to secure power quotas for up to 10 years at a capped electricity price. In exchange, participating firms must transfer a portion of their mined crypto assets to the Astana Hub Autonomous Cluster Fund, which is managed by the National Investment Company under Kazakhstan’s National Bank to bolster the country’s strategic crypto reserves. Under the new regulations, digital mining operators must submit applications via the E-licensing system, gain approval from a special committee, sign an agreement with Astana Hub within 5 working days, and finalize a power purchase contract with a power generation company to participate in the strategic digital mining program.

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TLDR: Table of Contents

TLDR:A Fundamentals-First Approach to Digital AssetsWhat the New Index Signals for Institutional InvestorsGet 3 Free Stock Ebooks S&P Dow Jones and Pantera Capital launched a new institutional digital asset index today. The index selects tokens based on real-world utility and revenue, not price momentum. Confirmed top holdings include ETH, BNB, SOL, TRX, and HYPE among 18 tokens total. The benchmark targets institutions seeking disciplined, transparent digital asset allocation tools. S&P Pantera Digital Asset Index has launched as a new benchmark for institutional digital asset allocation. S&P Dow Jones Indices and Pantera Capital built the index around a rules-based structure.

It only includes tokens with real-world use and actual revenue generation. The index currently holds 18 constituent tokens.

Confirmed top holdings include ETH, BNB, SOL, TRX, and HYPE. The launch aims to bring more discipline to how investors measure digital asset performance.

A Fundamentals-First Approach to Digital Assets The S&P Pantera Digital Asset Index moves away from price momentum as a selection method. Many existing crypto indexes track popular tokens or meme coins instead.

This index applies standards similar to those used in traditional finance benchmarks. Selection depends on real-world utility rather than speculative trading volume.

Cathy Clay, CEO at S&P Dow Jones Indices, explained the reasoning behind the launch. “S&P Dow Jones Indices helps investors cut through market noise with benchmarks you can trust,” she said.

She added that the index brings “that same discipline to digital assets,” using a fundamentals-driven framework built for diversified portfolios.

Dan Morehead, Pantera Founder and Managing Partner, described the collaboration as timely. “We believe we’re at a pivotal moment for digital assets,” he said.

He noted the partnership was built to identify “which digital assets and infrastructure truly matter” for long-term investors.

The index gives global investors a way to move past single-asset tracking. It offers a transparent method to measure blockchain and digital asset investments.

Fund managers can also use it as a reference for new investment products. Active managers picking digital assets may use it as a comparison tool.

What the New Index Signals for Institutional Investors The launch reflects a broader shift toward market maturity in digital assets. Blockchain use cases are showing wider value across different industries and sectors.

Regulation is also becoming clearer in several major financial markets worldwide. These shifts are making institutional involvement in crypto easier to manage.

Many current digital asset products fail to reflect the full complexity of the space. Morehead pointed to this gap directly, noting that “the biggest friction point in crypto hasn’t changed.” He said investors still struggle with “knowing how to allocate” across the asset class.

The top five holdings, ETH, BNB, SOL, TRX, and HYPE, reflect established network activity. These tokens support platforms with ongoing transaction volume and developer engagement.

The full list of 18 constituents has not been disclosed publicly yet. Further details may emerge as the index gains adoption among institutional investors.

Investors now have a new tool to benchmark digital asset performance responsibly. The index combines index provider expertise with digital asset-native research and data.

Together, S&P Dow Jones Indices and Pantera Capital built a structured entry point. It targets institutions seeking exposure to blockchain fundamentals over speculation.

Binance is adding 10 new trading pairs to its bStocks platform, with AXTIB (representing AXT) and CRWVB (representing CoreWeave) among the fresh listings going live on July 22, 2026, at 13:30 UTC. The expansion follows the initial bStocks launch in June 2026, which introduced pairs tied to names like Tesla and Circle.

What bStocks actually are bStocks are BEP-20 tokens built on BNB Chain, issued by BTech Holdings Limited, a Binance affiliate. Each token is backed 1:1 by a corresponding US share held in custody, meaning the underlying asset is real, even if the wrapper is crypto-native.

The structure classifies each bStock as a certificate representing a financial instrument rather than a direct equity stake. That distinction matters for regulation, and Binance has been deliberate about it, operating the framework under approval from the FSRA in Abu Dhabi.

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Eligible pairs also support margin trading, though the ability to borrow against positions has not yet been activated at launch.

CoreWeave, represented by CRWVB, is one of the more notable additions. The AI infrastructure company listed on Nasdaq in March 2025. AXT, represented by AXTIB, is a semiconductor substrate manufacturer.

Why this matters beyond the token tickers The pitch to users is straightforward: 24/7 trading, self-custody on BNB Chain, and access to US equities without needing a traditional brokerage account.

The regulatory angle is worth watching closely. FSRA approval in Abu Dhabi gives the product a compliance anchor, but bStocks are not available to users in all jurisdictions.

The June 2026 launch with Tesla and Circle as anchor pairs was a proof-of-concept moment. Adding 10 more pairs two months later, including names tied to AI and semiconductors, suggests the platform is moving faster than a cautious pilot program would.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Balance Coin ($BLC), the dollar-pegged stablecoin issued by BNB Chain DeFi protocol 42DAO (@42dao_official), collapsed from its $1 peg to around $0.0013 after an attacker exploited a flaw in the protocol's oracle system, draining roughly $912,000. At the time of checking, CoinMarketCap showed $BLC trading near $0.00247, down 99.75% over 24 hours.

How the Attack Worked The attacker liquidated multiple $BTCB-collateralized vaults in a single transaction at the manipulated price, profiting from the gap between the false valuation and the collateral's real worth. SlowMist described it as a single-transaction combo exploiting missing price protection and liquidation delay in a Maker-style system. The attacker exploited the lack of price protection and liquidation delays in the Maker-style system, which allowed them to use an abnormally low $BTCB oracle price to liquidate positions that would not have been liquidated under normal conditions.

The component names in SlowMist's analysis reveal that 42DAO built its protocol as a fork of MakerDAO's collateralized debt position system. SlowMist identified the core failure as oracle price manipulation combined with a complete absence of liquidation delay. Those two missing safeguards, price validation against a reliable range and a time buffer before liquidations execute, are considered baseline protections in DeFi protocol design.

According to security researcher TenArmor, the first transaction minted approximately 4.5 million $BLC tokens from a null address and moved them to PancakeSwap V2, where they were exchanged for Binance USDT and $BTCB. A second transaction followed roughly two hours later, minting an additional 5,900 $BLC tokens and draining further liquidity. The unauthorized minting sharply increased the supply of $BLC tokens, flooding decentralized exchange liquidity pools and putting severe selling pressure on the stablecoin.

No Response from 42DAO 42DAO had not issued a public statement on the incident or a recovery plan at the time of writing. The incident fits a trend that has defined DeFi exploits through 2026, with attacks moving away from simple contract bugs and toward the oracles, governance rules, and infrastructure surrounding the code. Recent months saw the Ostium Perpetuals vault drained through manipulated oracle reports and the Bonzo lending protocol exploited via a third-party oracle feeding a forged price. The common thread is that the vulnerable layer is increasingly the one that determines what a protocol believes an asset is worth.

Crypto Times: 42DAO's BLC Stablecoin Depegs to Near Zero After $912K Oracle Exploit | CoinTelegraph: Balance Coin Crashes 99% After Reported $915K Exploit | Tron Weekly: Balance Coin Drops 99% As Reported $915K 42DAO Exploit Drains Liquidity

Wall Street New Crypto Benchmark Has One Surprise: No Bitcoin

Franklin Templeton, a leading global asset management firm overseeing over $1.5 trillion in assets, has identified artificial intelligence agents as the next major growth area for blockchain and cryptocurrency. Sandy Kaul, the firm’s head of digital assets and innovation, outlined this vision in a recent post on X.

AI agents and blockchain infrastructureAccording to Kaul, the emergence of an AI-driven agent economy will generate significant demand for blockchain protocols capable of supporting machine-to-machine micropayments. She noted that legacy payment networks, including widely used card systems, face challenges meeting the fast and low-cost requirements of automated digital agents.

Kaul highlighted the limitations of established card networks, with fees and settlement speeds unsuited for the high-frequency, micro-level transactions typical of automated AI agents. In her view, most investors today focus on acquiring shares of companies aligned with the AI sector, but she questioned whether this approach will remain effective as agentic AI becomes prevalent.

Most investors today buy shares of AI-aligned companies to access the AI growth opportunity, but it remains uncertain if that strategy will hold as agentic AI evolves.

She pointed to blockchain networks including Aptos, Solana, and BNB Chain as well-positioned for this new digital landscape. These platforms can settle transactions within seconds, offering a sharp contrast to the one-to-three business day settlement times seen in systems like the Visa network.

Payment industry leaders have recently examined this topic as well. Payments giant Visa and research platform Artemis published a joint report last week, concluding that traditional cards—designed for infrequent, human-driven transactions—are not adequate for the needs of AI agents. They argued that to support agentic micropayments on a commercial scale, networks require both instant settlement and minimal fees.

Mini dictionary: Agentic economy, a digital ecosystem where AI agents autonomously perform transactions or tasks, often interacting with other machines, users, or protocols without direct human intervention.

Industry response and adoption trendsWithin the past few months, several major players have launched tools targeting the intersection of AI and payments. Visa’s crypto division and Tempo, supported by Stripe, both unveiled AI-driven solutions in March. Visa’s new function grants AI agents the ability to process same-day payments.

Meanwhile, new protocols facilitating machine payments are seeing early signs of traction. The x402 payment protocol, a system created by Coinbase, reportedly processed $15 million in adjusted volume through over 109 million adjusted transactions since its introduction in May 2025, according to the joint analysis by Visa and Artemis.

Protocol/NetworkSettlement SpeedRecent UsageAptosSecondsPositioned for agentic AISolanaSecondsPositioned for agentic AIBNB ChainSecondsPositioned for agentic AIVisa Network1–3 business daysTraditional card usagex402 (Coinbase)Seconds$15 million, 109M transactions since May 2025Visa launched its machine-to-machine payments tool to strengthen its presence as the pace of agentic transactions accelerates, while adoption data from Coinbase illustrates practical engagement with the technology in live environments. This suggests interest is building in infrastructure that can support the complex and rapid settlement needs of AI-driven economies.

Visa and Artemis found that traditional payment cards are not built for the frequency or scale required by agentic AI transactions, reinforcing the shift toward blockchain alternatives.

The increasing experimentation and support for agentic AI payments by both blockchain networks and major payment industry companies reflect a growing recognition of the role digital assets may play in powering next-generation automated commerce.

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.

The cost of the US-Iran war continues to surge, with the United States having invested at least $37.5 billion, and the escalating conflict is weighing on energy markets and global trade.

The U.S.-Iran conflict continues to escalate, with the U.S. carrying out airstrikes against Iran for the 11th consecutive night, driving rising war costs. U.S. Secretary of Defense Hegseth said that so far, the U.S. government has invested at least $37.5 billion in the war against Iran, and if military operations continue, nearly double that amount may be needed in additional funding over the coming months. According to reports, some U.S. officials previously estimated that if costs including repairs to damaged military bases are factored in, the U.S. total war expenditure may have reached $80 billion to $100 billion. Meanwhile, military operations by both sides continue to expand. U.S. Central Command stated that the latest round of airstrikes targeted Iranian aircraft hangars, drone storage facilities, and other sites, aimed at weakening Iran’s ability to threaten shipping in the Strait of Hormuz. Iran, in turn, announced a new round of attacks on U.S. military facilities in Jordan, Bahrain, and Kuwait. The escalating conflict is also roiling global energy markets. Severe disruptions to shipping in the Strait of Hormuz have pushed oil and gas prices higher, while Iran-backed Houthi forces in Yemen have announced a maritime blockade of Saudi Arabia, further raising risks for Red Sea trade routes and prompting multiple vessels to reroute. Analysts note that as the U.S. faces growing domestic pressure from higher fiscal spending, rising energy prices, and new U.S. military casualties, political pressure on the Trump administration to end the conflict is mounting. U.S. Secretary of State Rubio said the U.S. remains committed to a diplomatic solution, but questioned whether Iran is serious about engaging in negotiations.

8 minutes ago

WSJ: The U.S. is pushing to establish global trade rules for the AI era, with competition centered on data flows and source code protection.

According to a Wall Street Journal (WSJ) report, beyond tariff policies, the Trump administration is advancing a longer-term strategic initiative: signing agreements with major trade partners to establish a new generation of global trade rules centered on cross-border data flows, cloud computing, software, and artificial intelligence (AI). The report notes that 43 jurisdictions worldwide have implemented 146 digital trade barriers, including digital services taxes, data localization mandates, restrictions on cross-border data flows, and requirements for companies to surrender source code, technology, and commercial data. The U.S. argues that these rules are eroding the competitiveness of its domestic tech firms and digital economy. Recent agreements the U.S. has reached with countries including Indonesia, Cambodia, and Malaysia include provisions banning forced technology transfers, guaranteeing free cross-border data flows, prohibiting governments from demanding companies submit source code, and maintaining duty-free status for electronic transmissions—seen as an initial framework for digital trade rules in the AI era. Analysts believe that future competition over international rules related to data governance, AI regulation, and digital trade standards will be a key arena in global economic rivalry.

8 minutes ago

WTI crude oil's intraday gains widened to 4%

According to Bitget's market data, WTI crude oil surged 4% intraday, currently trading at $88.42 per barrel. Brent crude oil rose over 2% to $91.17 per barrel.

8 minutes ago

A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.

According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.

8 minutes ago

OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.

According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.

8 minutes ago

Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.

According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.

8 minutes ago

Balance Coin (BLC), an algorithmic stablecoin designed to track the U.S. dollar, lost more than 99% of its value after blockchain security firms reported a suspected exploit involving 42DAO.

Summary

Balance Coin lost more than 99% after security firms linked its collapse to 42DAO exploit. Attackers reportedly minted unbacked BLC before swapping tokens for USDT and BTCB through PancakeSwap pools. Two suspicious transactions on BNB Chain reportedly extracted about $915,000 as Balance Coin rapidly depegged. PeckShield said the incident caused about $915,000 in losses and linked the BLC collapse to an exploit affecting 42DAO, the decentralized organization connected to the Balance Protocol ecosystem. The security firm said Balance Coin “has plummeted -99%” following the reported attack.

The price fell from close to its intended $1 peg to a record low of $0.001209 on July 22. At the time of checking, CoinMarketCap showed BLC trading near $0.00247, down 99.75% over 24 hours. Its 24-hour range stretched from $0.001209 to $0.9955.

Security firms trace suspected attack to two transactions TenArmor reported detecting two suspicious transactions involving GemJoin and 42DAO on BNB Chain. Onchain data cited in reports showed that the first transaction minted about 4.5 million BLC from a null address before moving the tokens to PancakeSwap V2.

The attacker then reportedly swapped the newly created BLC for Binance-pegged USDT, also known as BSC-USD, and Binance Bitcoin (BTCB). Around two hours later, a second transaction allegedly used the same method to mint another 5,900 BLC and extract more assets from available liquidity.

The reported minting increased the number of BLC tokens available for sale without the normal controls expected from the protocol. As the newly created tokens entered decentralized exchange pools, selling pressure pushed BLC sharply away from its dollar target.

PeckShield estimated the losses at about $915,000. However, the security firms described the event based on their analysis of onchain activity, and a detailed post-incident report from 42DAO had not been identified in the latest available public information reviewed for this report.

Balance Coin loses its U.S. dollar peg Balance Coin operates as the stablecoin at the center of the Balance Protocol ecosystem. CoinMarketCap describes BLC as an algorithmic stablecoin on BNB Chain designed to maintain a stable value against the U.S. dollar, while 42DAO describes the token as part of its wider financial ecosystem.

The token’s fall left it trading at a small fraction of its intended value. Although its price recovered slightly from the intraday low, it remained more than 99% below the level recorded before the reported exploit when checked.

The incident resembles other cases in which unauthorized token creation placed sudden pressure on market liquidity. As crypto.news reported, Resolv’s USR stablecoin lost its peg in March after an attacker minted millions of unbacked tokens and exchanged them through DeFi markets. Resolv later paused protocol functions while investigating the breach.

Unauthorized minting remains a recurring attack method Other crypto projects have also faced sharp price declines after attackers created tokens without authorization. As previously reported by crypto.news, MAPO fell 96% in May after attackers exploited a bridge flaw to create unauthorized tokens and sell them into decentralized exchange liquidity.

In another case, Stake DAO faced an exploit in May after an attacker reportedly minted trillions of vsdCRV tokens before swapping them for ETH. These cases involved different technical weaknesses, but each allowed an attacker to create tokens outside the expected supply process.

For Balance Coin, the immediate focus remains on the reported 42DAO exploit and the status of BLC after its near-total depeg. The available onchain reports point to two suspected attack transactions,

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.

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The cost of the US-Iran war continues to surge, with the United States having invested at least $37.5 billion, and the escalating conflict is weighing on energy markets and global trade.

The U.S.-Iran conflict continues to escalate, with the U.S. carrying out airstrikes against Iran for the 11th consecutive night, driving rising war costs. U.S. Secretary of Defense Hegseth said that so far, the U.S. government has invested at least $37.5 billion in the war against Iran, and if military operations continue, nearly double that amount may be needed in additional funding over the coming months. According to reports, some U.S. officials previously estimated that if costs including repairs to damaged military bases are factored in, the U.S. total war expenditure may have reached $80 billion to $100 billion. Meanwhile, military operations by both sides continue to expand. U.S. Central Command stated that the latest round of airstrikes targeted Iranian aircraft hangars, drone storage facilities, and other sites, aimed at weakening Iran’s ability to threaten shipping in the Strait of Hormuz. Iran, in turn, announced a new round of attacks on U.S. military facilities in Jordan, Bahrain, and Kuwait. The escalating conflict is also roiling global energy markets. Severe disruptions to shipping in the Strait of Hormuz have pushed oil and gas prices higher, while Iran-backed Houthi forces in Yemen have announced a maritime blockade of Saudi Arabia, further raising risks for Red Sea trade routes and prompting multiple vessels to reroute. Analysts note that as the U.S. faces growing domestic pressure from higher fiscal spending, rising energy prices, and new U.S. military casualties, political pressure on the Trump administration to end the conflict is mounting. U.S. Secretary of State Rubio said the U.S. remains committed to a diplomatic solution, but questioned whether Iran is serious about engaging in negotiations.

8 minutes ago

WSJ: The U.S. is pushing to establish global trade rules for the AI era, with competition centered on data flows and source code protection.

According to a Wall Street Journal (WSJ) report, beyond tariff policies, the Trump administration is advancing a longer-term strategic initiative: signing agreements with major trade partners to establish a new generation of global trade rules centered on cross-border data flows, cloud computing, software, and artificial intelligence (AI). The report notes that 43 jurisdictions worldwide have implemented 146 digital trade barriers, including digital services taxes, data localization mandates, restrictions on cross-border data flows, and requirements for companies to surrender source code, technology, and commercial data. The U.S. argues that these rules are eroding the competitiveness of its domestic tech firms and digital economy. Recent agreements the U.S. has reached with countries including Indonesia, Cambodia, and Malaysia include provisions banning forced technology transfers, guaranteeing free cross-border data flows, prohibiting governments from demanding companies submit source code, and maintaining duty-free status for electronic transmissions—seen as an initial framework for digital trade rules in the AI era. Analysts believe that future competition over international rules related to data governance, AI regulation, and digital trade standards will be a key arena in global economic rivalry.

8 minutes ago

WTI crude oil's intraday gains widened to 4%

According to Bitget's market data, WTI crude oil surged 4% intraday, currently trading at $88.42 per barrel. Brent crude oil rose over 2% to $91.17 per barrel.

8 minutes ago

A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.

According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.

8 minutes ago

OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.

According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.

8 minutes ago

Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.

According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.

8 minutes ago

Source: Binance EN

This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is thrilled to launch a Vana (VANA) Trading Tournament where eligible users will have a chance to share a total prize pool of 400 BNB in token vouchers! In addition, Binance is introducing an “Sprint Reward” for a limited period – the more you trade, the higher your extra rewards! Promotion Period: 2026-07-22 10:00 (UTC) to 2026-07-29 10:00 (UTC) Join Now Eligibility: All verified new, regular users and all Binance VIP users can participate.Liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are not eligible to participate. Eligible Trading Pair(s) Trading pair(s): VANA/USDT, VANA/USDC How to Participate: Click the [Join Now] button on the landing page to register.Total Trading Volume reaches at least 500 USD equivalent in any of the aforementioned eligible pair(s) on Binance Spot during the Promotion Period. Users who do not meet this threshold will not qualify for any reward under this Trading Volume Tournament. Main Reward Structure: Statistical Period: 2026-07-22 10:00 (UTC) to 2026-07-29 10:00 (UTC)Rankings Based on the Cumulative Trading VolumeReward per Eligible Participant (in BNB Token Vouchers)1st Place12 BNB2nd Place10 BNB3rd Place8 BNB4th Place6 BNB5th Place4 BNB6th - 20th PlacesAn equal split of 40 BNB21st - 50th PlacesAn equal split of 40 BNB51st - 200th PlacesAn equal split of 64 BNB201st - 1,000th PlacesAn equal split of 56 BNBAll Remaining Eligible ParticipantsAn equal split of 80 BNB, capped at 0.01 BNB per user Sprint Reward Structure: Binance is introducing a “Sprint Reward”. For a limited period, users will receive extra rewards based on their ranking by cumulative trading volume. The more one trades during the respective Statistical Periods, the higher the extra rewards can be. Please note that users can earn from both the "Sprint Reward" and the "Main Reward" pools at the same time. Rankings Based on the Cumulative Trading VolumeRound 1 Statistical Period: 2026-07-22 10:00 (UTC) to 2026-07-24 10:00 (UTC)Round 2 Statistical Period: 2026-07-24 10:01 (UTC) to 2026-07-26 10:00 (UTC)Reward per Eligible Participant (in BNB Token Vouchers)1st Place12 BNB12 BNB2nd Place10 BNB10 BNB3rd Place8 BNB8 BNB4th Place6 BNB6 BNB5th Place4 BNB4 BNB Promotion Rules: Trading volume of any zero-fee trading pairs is excluded from the final trading volume calculation.Transaction or gas fees will be excluded from the final trading volume calculation for the tournament.All eligible buy and sell orders will be counted towards the cumulative total trading volume.Token vouchers will be distributed to winners by 2026-08-12, and will expire within 21 days after distribution. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.The Spot Trading Volume leaderboard is updated at least once every 24 hours. The Main Reward leaderboard and Sprint Reward leaderboard will be displayed on the separate Sub-Spot landing page respectively. Data sync times vary daily but will always be completed by the end of the day.Only users who have met the minimum qualifying trading volume threshold will be displayed on the leaderboard along with their trading volume. Don’t miss out on this opportunity and share in the rewards now! To view more promotions for new listings on Binance, stay tuned to this page for the latest updates and exclusive opportunities. Guides & Related Materials: How to Spot Trade (App / Web) Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“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 Notice; all of which are incorporated by reference into these terms and conditions. In the 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 Notice.Only verified users who complete the aforementioned criteria for the tournament by the end of the Promotion Period may receive rewards.This Trading Volume Tournament is available to verified new, regular and VIP users enabled for Binance Spot Trading, subject to product (and where relevant, deposit methods’) availability in users’ regions, and may be restricted in certain jurisdictions or regions, or to certain users, due to legal and regulatory requirements.Reward Distribution:All token voucher rewards will be distributed to eligible, winning users by 2026-08-12.Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 21 days after distribution. Winning users should claim their vouchers before the expiration date, and no replacement reward will be provided. Learn how to redeem a Binance voucher.Please note that the actual value of rewards received by a user is subject to change due to market fluctuation.Token voucher rewards are subject to additional terms and conditions.Rewards are not negotiable nor transferable.Once the available rewards have been allocated to users, no further rewards will be provided notwithstanding that an eligible user may have completed the missions.A user’s trading volume in this Trading Volume Tournament will be calculated after the user has opted-in and will be based on the trading volume (i) in their master and sub-accounts, and (ii) on all Spot products, including Spot Trading, Spot Copy Trading and Trading Bots. API trades are allowed. Binance’s calculation of a user’s trading volume is final.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further 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. Rewards that have already been disqualified will not be returned to the prize pool.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of reward recipients, and the timing of any act to be done, and all participants shall be bound by these amendments.The commencement and operation of the campaign (including the commencement of the Promotion Period) are subject to the successful listing of the relevant token on Binance Spot. If the listing is postponed or cancelled for any reason, the campaign (including the Promotion Period and reward distribution) may be delayed, amended or withdrawn at Binance’s discretion. Binance will not be liable for any loss or inconvenience caused by such changes.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 2026-07-22 Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.

S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new crypto benchmark that excludes Bitcoin (BTC) entirely.

CEO Cathy Clay said Bitcoin fails the index’s core test, generating real protocol revenue instead of trading purely on speculation.

How the Index Weighs Its TokensThe index holds 18 constituents. Its five largest holdings are Ether (ETH), Binance Coin (BNB), Solana (SOL), Tron (TRX), and Hyperliquid (HYPE), a decentralized derivatives exchange.

The benchmark weights holdings by market capitalization and rebalances quarterly. No single token can exceed 35% of the total, and no other holding can top 20%. These caps mirror rules S&P applies to its own equity benchmarks.

Clay wants to bring stock-index discipline into digital assets. She favors protocols with verifiable economic activity over ones that trade on name recognition alone.

Pantera co-developed the methodology with founder Dan Morehead. The firm has managed over $3 billion across three investment strategies since launching its first crypto fund in 2013.

“S&P Dow Jones Indices helps investors cut through market noise with benchmarks you can trust.”
Clay, CEO of S&P Dow Jones Indices

Wall Street Warms to Altcoin SeasonThe exclusion highlights a widening split in how institutions define crypto value. By this measure, revenue beats Bitcoin’s dominant narrative as the market’s largest asset. Pantera’s history with institutional crypto access suggests more revenue-screened benchmarks could follow.

The launch lands as retail altcoin season signals stay unconfirmed but improving. CoinGlass’s Altcoin Season Index climbed to 58 in mid-July, building on a June 4 spike to 64. That reading sits above the neutral midpoint, but it remains short of the 75 threshold that confirms genuine rotation.

Institutional flows tell a parallel story. A March BeInCrypto Expert Council discussion found major allocators narrowing institutional crypto bets to Bitcoin, Ethereum, and a short list of DeFi names.

A revenue-screened benchmark like the S&P Pantera Digital Asset Index offers portfolio managers a compliant route into that same thesis. It provides exposure to large-cap altcoins with real usage, skipping meme coins and speculative networks entirely.

If other index providers copy the approach, institutional capital could rotate into select altcoins early. That could happen well before retail-driven altcoin season data confirms a broader move.

United Stables has appointed Chainlink as the official data oracle and cross-chain infrastructure provider for its U stablecoin, which is expanding operations across BNB Chain, Ethereum, and TRON. The partnership aims to enhance the reliability of market data, transparency of reserves, and seamless interoperability as U’s footprint grows among major blockchain networks.

Integration aims to boost transparency and efficiencyExecutives at United Stables stated that the current supply of the U stablecoin has exceeded $1 billion, with daily trading volume surpassing $2.5 billion. The company is working with Chainlink to ensure real-time access to transparent market data and to provide accurate reserve information, key factors regarded as vital to maintaining user trust amid rapid adoption.

In addition to the initial integration with Chainlink’s data oracles, United Stables plans to introduce Chainlink’s Cross-Chain Interoperability Protocol (CCIP) in the future. The goal is to simplify transfers between multiple blockchains and reduce friction in managing liquidity across different networks.

U is structured as a US dollar-pegged stablecoin, backed by a mix of fiat and digital assets held with regulated custodians. United Stables reported that its total value locked (TVL) climbed above $1 billion within three months of launch, making it one of the larger new entrants in the market.

Mini dictionary: Chainlink, a leading decentralized oracle network, provides tamper-proof external data to smart contracts on various blockchains, supporting secure and reliable cross-chain communication.

Reserve transparency in the spotlight for stablecoinsThe rapid rise of algorithmic and asset-backed stablecoins has intensified the focus on reserve transparency. Incidents in recent years, such as the collapse of TerraUSD in 2022 and the brief depegging of USDC in 2023, have highlighted the potential for loss of investor confidence if questions arise about what backs a stablecoin or where reserves are held.

For example, USDC dropped below $0.90 when Circle revealed $3.3 billion of its reserves were at the failed Silicon Valley Bank. The situation stabilized after US regulators intervened to secure depositors, but the episode demonstrated how stablecoins are susceptible to confidence-driven volatility even if the blockchain infrastructure itself remains secure.

Real-time and verifiable reserve reporting is quickly becoming a minimum expectation for any stablecoin aiming for large-scale adoption. The presence of transparent market data and reliable reserve audits is now often as important as the number of exchanges supporting a coin.

Although United Stables emphasizes transparency, stability ultimately depends on the quality and accessibility of reserves during times of stress. Users are cautioned to consider not only reported figures but also the nature, location, and liquidity of backing assets.

Liquidity and utility remain critical for adoptionDespite its $1 billion reported supply, U faces the ongoing challenge of increasing active circulation. The practical value of a stablecoin depends on its real-world utility, including liquidity in decentralized finance (DeFi) protocols, ease of use across exchanges, and reliability for large transfers without significant price impact.

Chainlink recently launched a market data product designed to facilitate the integration of U.S. equities and other traditional assets into blockchain applications. This could further strengthen the infrastructure available for stablecoins such as U by allowing greater access to off-chain data and assets in decentralized systems.

StablecoinCirculating SupplyReserve TransparencyBlockchain SupportU$1 billionReal-time via ChainlinkBNB Chain, Ethereum, TRONUSDCOver $24 billionRegular attestationEthereum, Solana, othersTerraUSD (historical)N/A (collapsed)Algorithmic (failed)Terra NetworkUnited Stables positions itself as a high-transparency stablecoin for multi-chain adoption. However, ongoing scrutiny of reserves and the utility of U across decentralized applications will likely define its long-term role in the growing sector.

As stablecoins expand their reach, user confidence hinges not just on transparent reserves, but also on the availability of robust liquidity and reliability under stress.

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.

Bitcoin Provides Defensive ExposureBlue Macellari, T. Rowe Price’s head of digital assets and the ETF’s lead portfolio manager, said the fund reflects the company’s longstanding emphasis on active management and fundamental research.

"We were never going to launch just a Bitcoin ETF," Macellari said during an appearance on the Crypto Prime podcast on Monday.

Its initial portfolio was led by Bitcoin at roughly 41% and ETH at about 18%, followed by positions in BNB, SOL XRP, HYPE and smaller allocations to other assets.

Macellari described the current market as a crypto winter and noted the fund is positioned relatively defensively, explaining its substantial Bitcoin weighting.

‘Tokenization Good, Crypto Bad’ Is A False DivideMacellari argued that Wall Street often tries to separate tokenization from cryptocurrencies by claiming tokenization is valuable while native digital assets are not.

She rejected that distinction.

If stocks, funds and other financial products migrate to public blockchains, their activity could create value for the networks and native tokens underpinning those systems.

The broader portfolio reflects T. Rowe Price’s bullish outlook on what she called "on-chain finance."         

Macellari highlighted Hyperliquid’s revenue model as particularly compelling because it can be understood and valued using metrics familiar to traditional investors.

ETH and SOL may also benefit as financial institutions move tokenized assets and around-the-clock markets onto blockchain networks, she predicts.

Crypto Winter May Approach Its Final StageMacellari explained that the market has been in a persistent downturn since the October 2025 selloff, marking the first crypto winter experienced by many investors through spot exchange-traded products.

Bitcoin has suffered a drawdown of about 50%, while Ethereum, Solana and other altcoins have faced deeper declines.

However, she said the selloff has created more attractive asymmetric opportunities in projects whose underlying adoption and economics remain intact.

The key difference from previous winters is that banks, asset managers and financial platforms have continued developing digital-asset infrastructure rather than abandoning the sector.

Macellari expects choppy conditions and the possibility of further declines through the summer but believes the market could begin emerging from crypto winter heading into Q4.

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BNB, the native token of the Binance Smart Chain, recently hovered around $570, reflecting a cautious technical outlook amid mixed short-term trends and persistent overhead resistance. The current price is well below the all-time high of nearly $1,370 reached in October 2025, pointing to the depth of the correction since its previous peak.

Key support and resistance levels in focusTechnical analysis places the broader support region for BNB between $570 and $590, with buyers repeatedly stepping in around these levels. However, ongoing tests of this zone risk weakening its strength if failed rebounds continue. A specific demand pocket was identified at $566–$567, which, if successfully defended, could enable an uptick toward the $587–$588 region.

BNB’s recent trading range has centered on $570–$573, indicating that, so far, support has kept deeper declines at bay. However, the ensuing recovery has lacked strong momentum, and bulls have been unable to retest the psychologically and technically significant $600 threshold.

For BNB bulls, the $600 zone marks an important confirmation. If the price can establish support above this level, analysts believe it would signal an early improvement in sentiment and add technical strength.

The significance of these zones is clear: $566–$567 acts as immediate support, while $570–$590 forms a broader technical battleground. A sustained breakdown below this range would challenge the current stabilization efforts.

LevelStatus$566–$567Immediate support$570–$590Major support region$587–$588Liquidity target$600Key confirmation resistance$537Recent significant lowTechnical indicators present a neutral stanceRecent data from TradingView shows BNB quoted at $568.28, with the overall technical summary rated as Neutral. Oscillator readings, including a 14-period RSI of 45.41, Stochastic %K at 35.81, and Williams %R at -65.08, do not reveal a decisive directional trend.

Additional momentum indicators offer similar caution. The Commodity Channel Index is at -16.32, and the Average Directional Index is at 17.18, both consistent with subdued trend strength. The Awesome Oscillator shows -0.68, Stochastic RSI Fast is at 15.38, while Bull Bear Power and the Ultimate Oscillator record -5.56 and 48.81, respectively. The mix of indicator readings signals a lack of broad-based momentum, leaving the market waiting for further confirmation.

Contradictory signals have appeared, such as the Momentum (10) suggesting Sell while the MACD Level (12, 26) indicated a Buy at -3.64, underscoring the overall indecision in technical positioning.

Moving averages demonstrate overhead pressureShort-term moving averages, including the 10-period EMA at 571.70 and the 10-period SMA at 572.93, mostly sit slightly above the current price. The 20-period EMA at 573.33 and the 30-period EMA at 577.32 also contribute to creating a resistance cluster between $570 and $577. To shift the outlook, BNB needs to reclaim and sustain levels above this band.

Longer-term measures pose additional hurdles: the 50-period EMA and SMA are at 587.16 and 586.70, while the 100-period readings are at 611.84 (EMA) and 613.61 (SMA). The 200-period EMA and SMA, at $661.38 and $663.92 respectively, highlight the broader downward momentum still at play. Notably, the Hull Moving Average (9) offered a rare Buy signal at 568.18; otherwise, moving-average readings were dominated by Sell signals, with 12 Sell, one Neutral, and only one Buy, highlighting the market’s defensive structure.

Mini dictionary: Hull Moving Average, a technical indicator that is a fast-acting moving average designed to reduce lag and highlight trends more clearly than traditional moving averages.

Scenarios: Recovery or renewed downside riskThe near-term outlook for BNB is defined by two competing scenarios. If bulls can drive the price above the $570–$577 resistance band, targets of $587–$588 come into play, followed by the crucial $600 mark. A sustained move above $600, especially on strong volume, would likely improve technical sentiment.

On the other hand, failure to maintain support within the $570–$590 zone increases the risk of a slide toward the recent $537 low. Pivot point calculations show the classic pivot at $604.37 and S1 at $481.43, but analysts emphasize these levels are broader reference points rather than precise predictions.

At present, the decisive levels hover near the current price: $566–$567 as immediate support; $570–$577 and $587–$588 as the first resistance targets; and $600–$604 as the confirmation zone for a potential trend reversal.

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.