Sněmovna poradců japonského parlamentu schválila změnu zákona, která řadí Bitcoin, Ethereum, XRP a další kryptoměny mezi finanční produkty místo platebních nástrojů. Otevírá tím cestu pro spotové krypto ETF a nižší zdanění zisků.
Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.
With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs.
Japan Moves Crypto Under Financial Product RulesJapan’s parliament has officially passed a landmark law amendment reclassifying cryptocurrencies as “financial assets.” Until now, cryptocurrencies have been mainly regulated under the Payment Services Act as a payment method.
Under the new law, Bitcoin, Ethereum, XRP, and other cryptocurrencies will be classified as financial products under the Financial Instruments and Exchange Act (FIEA), bringing them closer to stocks and other investment assets.
The new law also clears the way for spot crypto ETFs in Japan.
Regulators are aiming to launch them on the Tokyo Stock Exchange by 2027 or 2028, while major firms like Nomura Holdings and SBI Holdings are already preparing crypto ETF products.
List of Changes Under the New LawThe new framework introduces several rules that already apply to traditional financial markets. These include,
Insider trading ban: Trading using non-public information will be strictly prohibited.Annual disclosures: Token issuers must publish annual operational and financial disclosures.Strict penalties: Violators face up to 10 years in prison or 10 million Japanese yen fines.Retail investment cap: High-risk tokens will have a 2 million Japanese yen retail investment limitBigger Fines and Lower Crypto TaxesThe new law also brings stricter rules for the crypto industry. However, the maximum jail term for running an illegal crypto business will increase from three years to 10 years.
And the maximum fine will also increase from 3 million yen to 10 million yen, approximately $18,500 to $61,600. The government says these changes will help make the crypto market safer and protect investors.
Along with the bill, lawmakers are planning to cut the tax on crypto profits from the current maximum of 55% to a flat 20%, the same tax rate used for stock investments.
Another planned change is a three-year loss carryforward. This means investors will be able to use their past trading losses to reduce taxes on future crypto profits. If approved, these tax changes are expected to start in 2028.
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SharpLink tento týden vytěžil 499 ETH ze stakingu a celkovou držbu zvýšil na 887 673 ETH. Od spuštění své treasury strategie už ze stakingu získal 23 490 ETH. Jde o druhou největší veřejně obchodovanou ETH pokladnici.
SharpLink, the Nasdaq-listed Ethereum treasury company trading under the ticker SBET, pulled in 499 ETH from staking rewards in just the past week. That brings the company’s cumulative staking haul to 23,490 ETH since it kicked off its treasury strategy, and its total Ethereum holdings now sit at 887,673 ETH.
For context, that’s the second-largest Ethereum stash held by any publicly traded company on the planet. The only outfit holding more is Bitmine Immersion Technologies (BMNR), which controls over 5.7 million ETH.
The MicroStrategy playbook, but for Ethereum SharpLink provides what it calls structured equity exposure to Ethereum. Investors buy SBET stock on Nasdaq, and that stock price is heavily tied to how much ETH the company holds per share. It’s a way to get Ethereum exposure through a traditional brokerage account without touching a wallet or an exchange.
SharpLink actively stakes its holdings. That 499 ETH earned in a single week is essentially passive income generated from helping secure the Ethereum network. The 23,490 ETH accumulated through staking alone represents a meaningful addition to the balance sheet without the company spending a single dollar.
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SharpLink maintains a public ETH dashboard that breaks down its holdings, staking rewards, and per-share ETH concentration metrics. The average purchase price across its entire portfolio sits at $3,586 per ETH, according to that dashboard.
Recent buying spree signals confidence SharpLink resumed active Ethereum purchases in June 2026 after what appears to have been a pause in direct buying. On June 25, the company scooped up 5,000 ETH. Shortly after, it grabbed another 10,000 ETH at an average price of $1,611 per coin. That’s notably below its overall portfolio average of $3,586, which means those recent buys actually improved the company’s cost basis.
The purchases pushed total holdings from approximately 872,984 ETH in May 2026 to the current 887,673 ETH figure. That’s a net increase of roughly 14,700 ETH in about two months, combining both direct purchases and staking rewards.
The company funds these acquisitions partly through at-the-market equity offerings, a mechanism that lets it sell new shares gradually at prevailing market prices rather than through a single large offering. It also executes share repurchases, creating a two-way flow that management can use to manage dilution and signal confidence.
The competitive landscape for public ETH treasuries SharpLink’s position as the number-two public Ethereum holder is noteworthy because this category barely existed a couple of years ago. Bitmine Immersion Technologies, the leader in this space, holds over 5.7 million ETH. SharpLink’s nearly 888,000 ETH treasury held approximately 521,939 ETH as of August 2025. By May 2026, that had grown to roughly 872,984 ETH. Now it’s at 887,673 ETH. The company has added over 365,000 ETH to its balance sheet in less than a year.
That 499 ETH weekly staking reward represents roughly a 0.056% weekly return, or about 2.9% annualized if the rate holds steady. Those staking rewards get added to the total, which then generates more rewards the following week.
What this means for investors For anyone watching SBET as a proxy for Ethereum exposure, the key metric isn’t just total ETH held. It’s ETH per share. At-the-market offerings dilute the share count, while ETH purchases and staking rewards increase the numerator. The interplay between those two forces determines whether shareholders are actually gaining or losing ETH exposure over time.
SharpLink’s dashboard transparency is designed to address exactly this concern, giving investors real-time visibility into whether the company is creating or destroying value on a per-share basis.
The recent purchases at $1,611 suggest management sees current prices as attractive. Buying ETH at roughly 55% below the portfolio’s average cost of $3,586 also means the overall position was significantly underwater at the time of purchase.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitmine za poslední čtvrtletí vykázal příjmy 45,7 milionu USD ze stakingu Etheru a validátorů, což tvořilo asi 98 % celkových příjmů. Při plném nasazení odhaduje roční odměny ze stakingu ETH na 284 milionů USD.
Bitmine Immersion Technologies reported $45.7 million in revenue from Ether staking and validator operations for the most recent quarter, reflecting a major shift in the company’s business model following the introduction of its institutional-grade Ethereum staking platform in March.
Staking dominates revenue streamsFor the three months ending May 31, staking activities contributed approximately 98% of Bitmine’s total revenue, according to the company’s latest 10-Q filing. In contrast, self-mined Bitcoin operations generated $624,000, while consulting services added $168,000.
Bitmine disclosed that it has allocated 85% of its Ether holdings—about 4.9 million ETH—into staking. Chairman Tom Lee stated that this is the largest amount of ETH staked by any single entity worldwide.
Bitmine’s projected annual ETH staking reward reaches $284 million at full scale, when both the company’s and its partners’ Ether are fully staked through MAVAN and affiliated staking operations.
A year ago, Bitmine’s quarterly revenue totaled $2 million, driven mainly by equipment leasing, highlighting how the company’s focus on Ethereum staking has transformed its income structure.
Launch and expansion of MAVAN platformThe launch of MAVAN in March marked a new phase for Bitmine. MAVAN, an institutional-grade Ethereum staking service, manages validator infrastructure on behalf of Bitmine and external customers. The platform emerged after Bitmine’s acquisition of Pier Two Holdings, an Australian operator specializing in non-custodial validator services.
Originally developed to support Bitmine’s own Ethereum treasury, MAVAN has grown to serve institutional investors, custodians, and partners within the Ethereum ecosystem.
Mini dictionary: MAVAN (Made in America VAlidator Network) is a staking and validator infrastructure platform focused on institutional-grade Ethereum staking, supporting both Bitmine’s assets and third-party clients.
Robinhood Chain drives Ethereum growthBitmine’s chairman Tom Lee also pointed to the rapid success of Robinhood Chain, a new decentralized trading platform that launched on July 1. He reported that dollar trading volumes on Robinhood Chain have already surpassed $1 billion.
According to Lee, Robinhood Chain now handles more trading volume than any other decentralized exchange, underscoring both its significance and the utility of Ethereum as the underlying blockchain.
Robinhood Chain, utilizing ETH as its native gas token, has introduced millions of users to Ethereum-based transactions, with all network fees and settlement processes occurring directly on the Ethereum blockchain.
Lee emphasized that Robinhood’s 27 million users are now paying transaction fees in ETH, signaling a shift toward mainstream viewing of ETH as a form of money within the platform’s ecosystem.
Quarter EndedTotal RevenueStaking RevenueBTC MiningConsultingMay 31, 2026$45.7 million$44.8 million$624,000$168,000May 31, 2025$2 millionNot disclosedMajority of revenueMinimalDisclaimer: 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.
Morgan Stanley podal další změny u SEC pro ETF na ether a solanu, které by nově měly generovat i stakingové odměny. Fondy by měly obchodovat na NYSE Arca pod tickery MSSE a MSOL, pokud je SEC schválí.
15 July 2026 | 00:18 Morgan Stanley Investment Management filed a third round of amendments with the U.S. Securities and Exchange Commission on July 14 for proposed exchange-traded funds holding ether and solana.
The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust are designed to give investors spot exposure through ordinary brokerage accounts without requiring them to buy tokens or manage private keys. If the registration statements become effective, the shares are expected to trade on NYSE Arca under the tickers MSSE and MSOL.
The amended filings expand a crypto product line that already includes the Morgan Stanley Bitcoin Trust, which trades on NYSE Arca with the same 0.14% annual sponsor fee, and the Stablecoin Reserves Portfolio, launched in April to hold assets that meet the GENIUS Act’s reserve requirements. Unlike the passive Bitcoin fund, the proposed Ether and Solana trusts would also generate staking rewards, combining regulated brokerage access with potential onchain income. Together, the products show Morgan Stanley building a broader digital-asset strategy spanning token exposure, stablecoin reserve management and staking rather than treating Bitcoin as a standalone offering.
What the Funds Would Hold Both products are passive trusts that would track CoinDesk’s 4PM New York settlement benchmarks for ether and solana. They would not use leverage, derivatives or active trading strategies, so returns would primarily reflect movements in the underlying tokens, less expenses, together with any net staking income.
BNY and Coinbase Custody are named as custodians, while Morgan Stanley Investment Management would serve as delegated sponsor.
Under normal market conditions, the Ethereum trust intends to stake between 50% and 80% of its ETH, while the Solana vehicle may stake up to 100% of its SOL. Both would periodically keep assets unstaked to cover redemptions, expenses and distributions. The shared 0.14% sponsor fee therefore sits alongside different return mechanics: a larger portion of MSOL’s holdings could earn network rewards, but its liquidity management becomes more important when unstaking is delayed.
Figment, Galaxy Blockchain Infrastructure and Coinbase Canada are listed as staking providers for both products. The providers and custodians would collectively receive 5% of gross staking rewards, leaving 95% for the trusts. Net rewards would initially increase net asset value before being converted into cash for distributions expected monthly, but no less frequently than quarterly.
The prospectuses do not promise a fixed yield. Returns would depend on network conditions and the proportion of assets staked, while validator failures, penalties and unstaking delays could reduce income or complicate redemptions. Morgan Stanley may also suspend staking if it creates material legal, regulatory or tax risks. Retail investors would not be able to exchange shares directly for ETH or SOL. Only authorized participants could create or redeem 10,000-share baskets, meaning the products would remain regulated brokerage wrappers rather than substitutes for holding transferable tokens.
A 0.14% Sponsor Fee Each trust carries a proposed annual sponsor fee of 0.14% of net asset value, accrued daily and paid monthly in arrears. Morgan Stanley would cover ordinary operating costs from that fee, while litigation and other extraordinary expenses could still be charged to the trust. Investors may separately incur brokerage commissions when trading shares.
The July 14 submissions are Amendment No. 3 to the registration statements, not approvals. The SEC must declare the filings effective before shares can be sold, and the documents remain subject to further changes. The trusts would also not be registered under the Investment Company Act of 1940, meaning shareholders would not receive the protections attached to conventional registered investment companies.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Bývalí členové Ethereum Foundation spustili EthSystems, ziskový startup zaměřený na soukromou blockchainovou infrastrukturu pro banky a další instituce. Firma chce komercializovat práci na důvěrných stablecoinových převodech, privátním vydávání dluhopisů a cross-chain vypořádání.
Former members of the Ethereum Foundation's Institutional Privacy Task Force have launched EthSystems, a new for-profit startup that will build privacy infrastructure for banks and other institutions using Ethereum, commercializing work previously developed inside the foundation.The launch is the latest EF spinout following recent organizational changes, joining newly formed entities EthLabs and Ethereum Institutional as the ecosystem restructures its approach to protocol development and institutional adoption.A team of former Ethereum Foundation researchers focused on institutional privacy has launched EthSystems, a new for-profit company aimed at building confidentiality infrastructure for financial institutions using Ethereum.
The startup emerged from the Ethereum Foundation, which spent the past year developing privacy technologies for enterprise use cases while engaging with central banks, regulators, global banks and asset managers.
The spinout comes amid one of the biggest organizational shakeups in the Ethereum Foundation in years. Following months of criticism over leadership, strategy and the foundation's role in supporting Ethereum's increasingly institutional user base, several teams have recently been spun out into independent organizations.
Among them are EthLabs, a nonprofit focused on advancing Ethereum protocol research and scaling, and Ethereum Institutional, a separate nonprofit designed to coordinate institutional adoption and engagement with large financial firms. Together, the organizations represent an effort to distribute responsibilities previously housed within the foundation across more specialized entities.
EthSystems said it plans to commercialize work it began inside the foundation, including confidential stablecoin transfers, private bond issuance, cross-chain settlement systems and open-source protocol specifications.
"Commercial engagements need a commercial counterparty," the company said in a post on X, explaining its decision to operate as a for-profit business. "The model is simple: we continue the work we've been doing, only now we charge for it."
The launch reflects growing institutional interest in using public blockchains for financial infrastructure beyond cryptocurrency investing. While firms have increasingly embraced tokenized assets and stablecoins, many remain reluctant to transact on fully transparent public ledgers, creating demand for privacy-preserving infrastructure.
EthSystems argues that confidentiality is one of the key barriers preventing banks and asset managers from moving real-world financial flows onto Ethereum. The company said its approach will focus on modular privacy systems that allow participants to selectively disclose transaction information while maintaining Ethereum's security guarantees.
The company is also backed by BitMine, SharpLink, Ethereum co-founder Joseph Lubin, SNZ and other Ethereum-focused investors.
Read more: Ethereum Institutional launch draws support from across the Ethereum ecosystem
BNB marked its ninth anniversary since launching on July 14, 2017, evolving from an Ethereum-based utility token into a key asset driving one of the crypto industry’s largest blockchain networks.
Progression from utility token to core network assetWhen BNB debuted in 2017, it entered the market as an ERC-20 token on Ethereum, priced at $0.15 with a total supply of 200 million. It initially functioned primarily to reduce trading fees and facilitate activities on the then-emerging Binance exchange, now one of the world’s largest digital asset platforms.
In 2019, BNB transitioned to its own proprietary blockchain, becoming a native asset. This migration allowed BNB to serve as the backbone for its own network infrastructure and opened the door for new on-chain use cases beyond its original exchange utility.
BNB Chain acknowledged that BNB entered the industry as a utility token for a new exchange, and has since become central to one of the most active decentralized ecosystems in crypto after nine years of development.
With the launch of Binance Smart Chain in 2020, the network gained compatibility with Ethereum-based smart contracts, allowing developers to build decentralized applications while using BNB for transaction fees and network operations. This move positioned the chain as an emerging hub for decentralized finance (DeFi) and gaming projects.
DeFi expansion and technology upgradesBNB Chain gained significant traction during the 2021 DeFi boom, with its on-chain activity pushing BNB’s price to $690 at its peak. The surge in applications and trading volume established the network as one of the more active blockchains alongside giants like Ethereum.
A major rebranding came in 2022 when Binance Smart Chain became BNB Chain, with BNB reimagined as “Build N Build.” This shift emphasized the chain’s focus on supporting developers and network expansion.
In 2023, the ecosystem incorporated the opBNB scaling solution, designed to increase transaction throughput, and BNB Greenfield, which delivered decentralized storage capabilities. These upgrades reflected the network’s strategy to expand beyond simple financial transactions.
Mini dictionary: opBNB, a Layer 2 scaling solution for BNB Chain, is designed to handle more transactions per second and lower network fees by processing transactions off-chain before settling them on the main BNB blockchain.
Token burns, block speed, and 2026 roadmapEfforts to streamline BNB Chain continued with the 2024 Beacon Chain fusion, which unified staking and governance functions under one chain for improved user and developer experience.
By 2025, BNB Chain had reduced block times to 0.75 seconds through upgrades named Pascal, Lorentz, and Maxwell. That year also saw BNB reach a new all-time high of $1,370, and the network logged a new record for decentralized exchange (DEX) trading volumes.
YearBlock TimeBNB Price HighTotal BNB Burned20240.75 secondsNot specifiedNot specified20250.75 seconds$1,370Not specified20260.45 secondsNot specified65 millionCumulatively, more than 65 million BNB tokens have been burned out of the original 200 million. The burn mechanism aims to reduce the total supply to 100 million, a process intended to increase scarcity and potentially add value to the remaining tokens.
Currently, BNB Chain processes blocks in 450 milliseconds and achieves a final settlement time of 650 milliseconds—double the efficiency compared to early 2026 figures. The 2026 second-half roadmap outlines plans to double mainnet throughput and introduce a Layer 1 solution capable of processing more than 100,000 transactions per second (TPS).
The updated roadmap sets out to improve speed and throughput, targeting a Layer 1 network with over 100,000 TPS and even faster finality for transaction settlement.
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 has released its 44th proof-of-reserves report, showing that customer Bitcoin holdings increased during June while Ethereum and Tether balances declined.
Summary
Binance users raised Bitcoin holdings 1.22%, adding 7,715 BTC during June, the latest snapshot showed. Ethereum and Tether balances declined, while Binance continued publishing monthly reserve data for customer verification. Reserve snapshots show account balances, but they cannot explain whether users bought, sold, or withdrew. The report used a snapshot taken on July 1 and compared the figures with customer balances recorded on June 1.
Customer Bitcoin holdings rose 1.22% to about 640,000 BTC, an increase of 7,715 BTC. Ethereum holdings fell 1.41% to around 4.08 million ETH, a decline of 58,591 ETH. Customer Tether holdings dropped 1.51% to about 33.7 billion USDT, falling by roughly 510 million USDT.
Binance customer Bitcoin holdings continue rising The July figures extend the rise in customer Bitcoin balances reported one month earlier. Binance users added 25,838 BTC in May, lifting their total holdings by 4.26% to about 630,000 BTC in the exchange’s 43rd proof-of-reserves report.
The latest increase was smaller than the previous month’s gain, but it kept customer BTC balances moving higher. The report does not show whether the change came from purchases, deposits, transfers between Binance services, or movements from other assets. It records balances at one point in time rather than individual customer activity.
Ethereum and USDT balances decline Ethereum moved in the opposite direction after recording a strong increase in the previous report. Customer ETH holdings had risen 10.17% in May to about 4.14 million ETH. The July snapshot showed that the total fell by 58,591 ETH during June.
USDT balances also declined for a second monthly report. Binance users held about 34.3 billion USDT in the June 1 snapshot after balances fell by roughly 460 million tokens in May. The latest decrease brought the total to about 33.7 billion USDT. Lower stablecoin balances do not confirm that users converted USDT into Bitcoin or withdrew funds.
A similar pattern recently appeared at other major exchanges. As reported by crypto.news, Bybit and OKX recorded higher customer Bitcoin holdings while USDT balances fell in their latest reserve snapshots. However, the reports did not identify the reasons behind the balance changes.
Binance says customer assets remain backed Binance states on its proof-of-reserves page that it holds customer assets on a 1:1 basis, along with additional reserves. The exchange uses Merkle Trees and zero-knowledge proofs to let customers check whether their account balances were included in the total liabilities covered by each report.
A proof-of-reserves report can show whether listed wallets hold assets linked to customer balances at the time of a snapshot. However, it does not provide a complete financial audit or explain every off-chain liability. A recent proof-of-reserves explainer noted that useful disclosures should remain recent, frequent and matched against customer liabilities.
The figures should therefore be read as a record of asset backing and customer balances on a specific date. They do not show the exchange’s complete financial position or the reasons customers moved assets between accounts, platforms or private wallets.
Report follows braoder changes at Binance The latest reserve report arrived after a month of active derivatives trading. Binance recorded about $1.63 trillion in futures trading volume during June, its highest monthly total of 2026, according to CryptoQuant data.
Binance also introduced service changes for some European users when the European Union’s MiCA transition ended on July 1. As previously reported, the exchange said affected users could continue using options already communicated to them, including withdrawals where available. The date matched the snapshot used for the latest reserve report.
Earlier reserve rankings placed Binance ahead of other major exchanges. As reported by crypto.news, CoinMarketCap data ranked the platform first in January 2026 with about $155.6 billion in proof-of-reserve assets. The July report adds a new monthly view of customer balances, with BTC rising while ETH and USDT moved lower.
Robinhood Chain na Ethereum L2 od spuštění vygeneroval 816 000 USD hrubých tržeb a podle analytiků je to pro ETH dlouhodobě býčí. Ethereum z toho zatím dostalo jen 1 538 USD za settlement.
The launch of Robinhood Chain on an Ethereum layer-2 network is bullish for long-term value and network effects, argue analysts.
Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and only 0.15%, or $1,538, paid to Ethereum for settlement, which doesn’t sound great.
Robinhood Chain is an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, but Ethereum is not seeing any revenue benefits yet.
Bullish or Bearish for Ethereum? Lorenzo Valente, director of research at Ark Invest, said, “If your thesis is ‘ETH is money,’ Robinhood building here is ultra bullish.” “More activity, more ETH collateral, more lindyness,” he added.
However, for those who believe ETH is a revenue-generating asset, “this is the ultra-bear case.” He added that Robinhood was never going to build on Solana, Sui, or any “monolithic layer-1” because it wants stack customization.
“They want to be landlords, not renters. Ethereum won this deal on merit. It’s just not pricing it right … Ethereum sells the most valuable settlement layer in crypto at marginal cost.”
Valente said that a healthier split would be 75% to Robinhood, 10% to Arbitrum, and 15% to Ethereum.
The Robinhood Chain is the cleanest case study of what happened to ETH’s economics over time.
Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue.@Arbitrum, the middleware provider, takes 10%: ~$80K.
Arbitrum then pays Ethereum for settlement: $1,538.
The… pic.twitter.com/Jc8k4yi60M
— Lorenzo Valente (@LorenzoARK) July 13, 2026
Responding to the post, Consensys founder Joe Lubin said Ethereum layer-1 revenue fees should stay low to foster growth.
You may also like: Expert: Bitcoin Faces $8B Attack Risk, Ethereum More Secure Bitmine Snaps Up Over 30,500 ETH as Tom Lee Focuses on Crypto’s New Success Story AI Found a Real Ethereum Bug – But the Bigger Story Is What Comes Next “Tens of thousands of companies will set up shop over the next 2-3 years on some mix of Ethereum L1, L2s, and private permissioned EVMs.”
“Monetary premium will grow very large, fee revenue to L1 from so much activity,” he added before concluding that staking and other locking away of ETH will reduce supply, and “net burning of ETH under ultrasound conditions will further grow the value of ETH.”
Since its launch a fortnight ago, 82,895 ETH worth around $147.5 million has been bridged to Robinhood Chain, according to Defillama. Analysts say this has become another demand sink, along with staking, which has 33% of the supply locked, treasury companies, and ETFs.
No Love For ETH Prices Despite this bullish narrative, Ether prices remain at multi-year bear market lows with low volume and negative sentiment. ETH is trading flat on the day at around $1,780 following a dip to $1,750 during early Tuesday trading in Asia.
It has moved off its cycle low of just over $1,500 in late June, but has hit resistance at $1,800 six times over the past ten days. This remains the barrier to break for ETH to continue its slow climb higher.
The major catalysts for Ether are macro and likely to be inflation coming down and lower chances of a Fed rate hike.
Chainlink překonal 900 000 nevyprázdněných peněženek $LINK na Ethereu, což je rekord, zatímco cena zůstává poblíž lokálních minim kolem 7,80 USD. Santiment to označuje za tiché hromadění.
@chainlink has crossed 900,000 non-empty $LINK wallets on Ethereum, an all-time high, with roughly 20,000 new addresses added in the past month alone. The milestone lands while the token trades near local lows in the $7.80 range, a gap that on-chain analytics firm @SantimentData describes as quiet accumulation: holders building exposure while the price stays flat and broader market attention sits elsewhere.
Wallets Rising, Price Not Following The divergence is not new to Chainlink watchers. Santiment data shows $LINK added more than 8,000 non-empty wallets in just five days earlier this month, pushing the total holder count toward 900,000. That kind of wallet growth at a price near local lows typically signals accumulation rather than speculation. The broader trend also extends to larger holders. The number of Chainlink wallets holding at least 100,000 $LINK climbed to a fresh all-time high earlier in 2026, with 805 such addresses on record. Over a seven-week stretch, that cohort expanded by 8.2%, marking the fastest pace of accumulation since the metric was tracked.
Santiment classifies these as whale-tier addresses, typically associated with institutions, high-net-worth individuals, and long-term strategic holders. The growth in this bracket does not come from short-term speculation. A wallet holding nearly $1 million in a single altcoin is likely structured around a multi-month or multi-year thesis.
Adoption Running Ahead of the Chart The on-chain activity sits against a backdrop of expanding real-world integrations. Robinhood activated its Ethereum-based layer 2 blockchain mainnet on July 1, 2026, and selected Chainlink to provide data feeds, data streams, and its cross-chain interoperability protocol from the initial block, powering tokenized stock tokens and on-chain products for millions of users. The DTCC also selected Chainlink's technology in May 2026 to power a new collateral system targeted for the fourth quarter, while more than fifty banks across sixteen countries joined Chainlink's Project Pangea in June 2026 to build faster foreign exchange settlement.
Chainlink has had one of its biggest institutional stretches of the year, and the price has barely noticed. The broader pattern is clear: $LINK has fallen around 20% over the past three months despite positive ecosystem announcements, showing that the market has been discounting good news and focusing more on macro and technical pressure than on long-term adoption headlines. Whether the steady build in holder counts eventually translates into price momentum remains the central question for Chainlink in the months ahead.
Sources:
Blockchain Reporter: Chainlink Whale Wallets Hit All-Time High, Signaling Solid Accumulation
Crypto Briefing: Chainlink Posts Two Highest Network Growth Days of 2026
MEXC: Chainlink LINK Price Prediction July 2026
K3 Capital a Abraxas Capital během jedné hodiny vybraly z burz 16 948 ETH za zhruba 30,27 milionu USD. On-chain analytici to berou jako možný signál tiché akumulace Etherea.
Two institutional entities pulled a combined 16,948 $ETH, worth roughly $30.27 million, from centralized exchanges in a single one-hour window on July 13, raising fresh questions about whether sophisticated players are quietly building positions in Ethereum.
The Withdrawals K3 Capital moved 10,000 $ETH (approximately $17.85 million) off @Binance, while Abraxas Capital withdrew 6,948 $ETH (approximately $12.42 million) split across @Binance and @Bitfinex. The tight timeframe of both transactions has drawn attention from on-chain observers, who note that the coordination suggests a deliberate rather than coincidental strategy.
The move is consistent with a pattern that analysts have flagged across the broader market. Large withdrawals from centralized exchanges are often interpreted as a signal of accumulation, typically suggesting that the holder intends to store assets for the long term rather than trade them in the near future. Abraxas Capital has form here too: the firm previously withdrew 33,035 $ETH worth $60 million from Binance and Kraken in a single move, flagged by on-chain analytics platform Lookonchain.
The Bigger Picture The dual withdrawal lands against a backdrop of shifting institutional sentiment toward $ETH. According to CryptoQuant and Glassnode, exchange reserves have trended downward into Q2 2026 as long-term holders and institutions accumulate supply. Staking participation continues to draw liquid supply from the market, and some analysts believe a continuing structural supply shortage could arise from sustained ETF inflows, given that over 30% of circulating $ETH is already staked.
On the ETF side, sentiment has shown early signs of stabilisation. U.S. spot Ethereum ETFs recorded $14.8 million in net inflows on July 1, ending nine consecutive trading days of withdrawals. BlackRock's iShares Ethereum Trust (ETHA) led that rebound with $36.6 million in inflows.
The net outflow of $30.27 million from K3 Capital and Abraxas Capital alone points toward a shift to self-custody or professional staking protocols, though neither firm has publicly confirmed its intentions. Exchange withdrawals of this size often indicate long-term positioning rather than short-term speculation. Whether the move signals the start of a broader institutional accumulation wave or remains an isolated event is something on-chain analysts will be watching closely in the days ahead.
Sources:
Crypto Times: Whales Pull $29M in Ethereum From Binance as Accumulation Grows
Blockchain.news: Abraxas Capital $60M Ethereum Withdrawal
Analytics Insight: Spot Ethereum ETF Outflows Reverse as Institutional Gateways Launch
Ethereum Foundation pomocí koordinovaných AI agentů našla skutečnou chybu: vzdáleně spustitelný pád validátoru, který byl opraven a označen jako CVE-2026-34219.
The Foundation's security team used coordinated AI agents to uncover a remotely triggerable crash, then spent most of its effort weeding out convincing false positives.
Posted July 13, 2026 at 6:19 am EST.
The Ethereum Foundation pointed a fleet of coordinated AI agents at the software that runs the network and came away with a genuine security flaw: a remotely triggerable crash that could take a validator offline until an operator restarts it. The bug was fixed and disclosed as CVE-2026-34219.
In field notes published July 9, the Foundation’s Protocol Security team, writing through researcher Nikos Baxevanis, walked through how it ran the agents and vetted their output.
This story is an excerpt from the Unchained Daily newsletter.
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The more striking finding was about the work itself. Baxevanis wrote that little effort went into finding bugs and most went into separating the real ones from findings that only looked real. Unlike a fuzzer, which returns a crash and a stack trace, an AI agent returns a persuasive narrative, complete with a call chain, a severity rating, and working code, and it reads the same whether the bug is genuine or invented.
That gap has practical stakes as AI reshapes the security threat model. The team catalogued recurring false positives: crashes that only occur in test builds, attacks that work only if a value is planted by hand, and formal proofs that pass without proving anything useful. Agents also struggle with exploits that unfold across a sequence of individually valid steps, the pattern behind several of this year’s costly DeFi attacks, so the Foundation now uses agents to suggest which sequences to test rather than to render a verdict.
The experiment fits a broader shift at the Foundation, which has said it will lean more on AI-assisted verification after deep staff cuts. Its conclusion echoes work by Anthropic and Cloudflare on agent-driven security research: the models can cover far more ground than humans alone, but a person still has to decide what counts as a real bug and what gets disclosed.
Related Listen: Ex-Ethereum Foundation Researchers Launched Their Own Lab: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Ethereum treasury firm Bitmine has purchased more ETH over the past week, pushing its holdings above 5.77 million ETH. The BMNR stock has fallen amid the announcement of this latest purchase, while Tom Lee cited the Robinhood Chain as a new bullish catalyst for Ethereum.
Bitmine Acquires 27,801 ETH as Holdings Climb Above 5.77 Million ETH In a press release, the Ethereum treasury firm announced that it acquired 27,801 ETH over the past week. The company’s Chairman, Tom Lee, reiterated that they expect to reach their goal of holdig 5% of the total ETH supply sometime this year.
Bitmine notably holds 5,770,038 ETH, which represets 4.8% of the total ETH supply of 120.7 million. The firm has also staked 4,917,189 out of its holdings, with its annualized staking revenues now projected at $242 million.
It is worth noting that the Ethereum treasury firm has maintained weekly ETH purchases since the start of the year. As CoinGape reported last week, Bitmine purchased 42,197 ETH between June 29 and July 3, around the time the Bitcoin treasury firm Strategy sold over $200 million worth of Bitcoin.
The Ethereum treasury firm continues to double down on its ETH accumulation despite sitting on an unrealized loss of around $9.2 billion, according to DropsTab data. The company has an average purchase price of $3,374 o its Ethereum holdings.
Robinhood Chain As A Catalyst For ETH Tom Lee highlighted the successful launch of the Robinhood Chain as a bullish catalyst for Ethereum. “Robinhood Chain uses ETH as the native gas token. And transaction fees are denominated in ETH, and the finality is settled on Ethereum. Robinhood’s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money,” he said.
The Bitmine Chairman also noted that the Robinhood Chain’s dollar volume has exceeded $1 billion and that it has more trading volume than any other decentralized exchange (DEX), which he said demonstrates its outstanding utility and product-market fit for Ethereum. CoinGape recently reported that the Robinhood Chain hit 7.6 million daily transactions as it closed o the Base network.
Meanwhile, it is worth mentioning that the BMNR stock is down amid Bitmine’s announcement of its latest Ethereum purchase. The stock is currently trading at around $14.72, down almost 2%, according to TradingView data.
Source: TradingView; BMNR daily chart Please check out our page on Best Platforms to Trade Tokenized Stocks
TLDR: Uniswap daily fees reached about $5.2 million in 24 hours, placing the decentralized exchange near the top of current crypto fee rankings. Robinhood Chain supplied roughly $4.38 million of the total, far exceeding Ethereum and Base during the same measured period. Only about $73,454 counted as 24-hour protocol earnings, as most swap fees still flowed to liquidity providers rather than UNI holders. Governance proposals could extend protocol fees and the UNI token burn system to v4 pools and Robinhood Chain after community approval. Uniswap daily fees reached about $5.2 million in 24 hours, placing the DEX near the top of crypto fee rankings. Founder Hayden Adams highlighted the figure on X, saying only USDC and USDT generated more fees. DefiLlama recorded $5.16 million during the same period, supporting his estimate.
Robinhood Chain supplied most of that total after launching on July 1. The sharp increase shows how quickly new networks can redirect trading activity. UNI traded near $3.62, up about 35% from its early-July low near $2.70. Yet the token still sits roughly 92% below its 2021 peak.
Uniswap Daily Fees Surge as Robinhood Chain Takes Lead Robinhood Chain contributed about $4.38 million of the reported Uniswap daily fees. Ethereum produced roughly $296,000, while Base added about $288,000. That distribution marks a sudden shift from Uniswap’s traditional Ethereum-led activity.
The Arbitrum Orbit network launched with Uniswap v2, v3, v4, and UniswapX available from day one. Cumulative swap volume crossed $1 billion by July 10, according to a Uniswap governance post. The chain also recorded a 24-hour Uniswap volume peak near $500 million during its first week.
Across seven days, Robinhood Chain generated $10.98 million of Uniswap’s $20.1 million in total fees. That share made the new network Uniswap’s largest short-term fee source. It also placed Robinhood Chain above Ethereum and Base during the measured period. The fee spike shows how concentrated short-term trading activity can become.
Uniswap daily fees reflect charges paid through swaps, but they do not equal protocol income. DefiLlama listed only $73,454 in 24-hour earnings for Uniswap. Most trading fees still flow to liquidity providers instead of the treasury or UNI holders.
The distinction matters when comparing Uniswap with stablecoin issuers or centralized exchanges. Annualizing one strong day would imply almost $1.9 billion in fees. Still, that calculation does not show how much value the protocol retains.
UNI Burn Vote Tests the Value of Rising Protocol Activity Uniswap governance is now considering a wider protocol fee rollout. One proposal would activate fees across v4 pools on several supported networks. Another would extend fee collection and UNI burns to Robinhood Chain.
The Robinhood Chain temperature check runs from July 10 through July 15. It covers v2, v3, and v4 deployments on the network. On-chain votes would follow if the Snapshot proposals pass.
Under the UNIfication system, collected protocol fees move into TokenJar contracts. Searchers can claim those assets after supplying UNI of equivalent value for burning. The process permanently removes the submitted UNI from circulation.
Higher Uniswap daily fees could expand the amount available for this mechanism. Yet liquidity providers may receive slightly lower returns when protocol fees activate. That trade-off could influence where they place capital across competing pools.
Uniswap v4 adds programmable hooks that let developers customize pool logic. These tools support dynamic fees, specialized liquidity rules, and other trading features. Wider v4 adoption could increase activity across more chains.
BlackRockův BUIDL na Avalanche překročil 900 milionů USD v AUM, zhruba dvojnásobek oproti 464 milionům před týdnem. Jde o největší tokenizovaný treasury produkt on-chain na Avalanche.
BlackRock’s BUIDL, a tokenized U.S. Treasury money market fund on the Avalanche blockchain, has reached over $900 million in assets under management (AUM). This notable increase, from approximately $464 million just a week ago, highlights a significant surge in institutional interest in tokenized assets on Avalanche. The BUIDL fund, maintaining a stable value of $1.00 per token with daily accrued dividends, has become the largest tokenized treasury product on-chain and the biggest real-world asset (RWA) on Avalanche. This development underscores Avalanche’s rising prominence as a key player in the institutional tokenization sector, second only to Ethereum in terms of BUIDL’s AUM.
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Key Takeaways BlackRock’s BUIDL fund on Avalanche has seen its AUM increase from $464 million to over $900 million within a week. The rapid growth in BUIDL’s AUM suggests accelerating institutional adoption of Avalanche for tokenized assets. Avalanche is now the second-largest blockchain for BUIDL by AUM, reinforcing its role as a leading institutional tokenization venue. What to Watch The surge in BUIDL’s AUM could indicate broader institutional adoption of blockchain-based financial products, potentially influencing Ethereum price predictions. Market participants may monitor whether this trend continues and if other blockchains follow suit in attracting large institutional investments. Observers will also be keen to see if BlackRock’s growing involvement in tokenized assets impacts Ethereum-related markets and if similar trends develop within the Ethereum ecosystem.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 59.5% — — View market → August 1 2026 3.2% — — View market → August 1 2026 30% — — View market → August 1 2026 6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 14% — — View market → August 1 2026 13% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.8% — — View market → August 1 2026 4.2% — — View market → August 1 2026 6.6% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.9% — — View market → August 1 2026 59.5% — — View market →
Ether za týden vzrostl o 3 % díky tokenizaci a nákupům institucí. Přesto zůstává pod 1 800 USD, protože on-chain data i derivátové trhy jsou stále slabé.
The cryptocurrency market has experienced mixed developments in recent days, but Ether stood out with a 3% increase between Thursday and Friday. This rise occurs in a context marked by the growth of tokenization, the successful launch of Robinhood Chain, and continued purchases by several companies. Despite this favorable dynamic, surpassing the 1,800-dollar threshold remains out of reach. On-chain data and indicators from derivative markets still show signs of weakness, limiting short-term growth potential.
In brief Ether advanced 3% in one week, supported by the rise of Tokenization and institutional purchases. Robinhood Chain has already attracted 106 million dollars in deposits and strengthens the Ethereum ecosystem. Ethereum retains 47% of the real-world assets (RWA) market, confirming its lead in tokenization. On-chain indicators and derivative markets remain weak, hindering a sustained breakthrough above 1,800 dollars. BitMine has accumulated 198,370 ETH in 30 days, illustrating continued purchases by institutional investors. Ether Rallies as Tokenization and Robinhood Chain Drive Fresh Optimism The recent rise of Ether is first based on the rapid development of initiatives related to asset tokenization. Robinhood notably launched Robinhood Chain, a layer 2 solution using ETH as the native gas token. This new infrastructure quickly strengthened user interest in the Ethereum ecosystem. At the same time, the platform is expanding its offer of tokenized stocks to an international clientele, consolidating the adoption of EVM-compatible infrastructures.
Here are the main figures illustrating this dynamic:
106 million dollars in deposits already recorded on Robinhood Chain. 120 countries now have access to the tokenized stocks offered by Robinhood. 47% market share for Ethereum in the real-world assets (RWA) sector. 260 billion dollars of total value locked (TVL) on Ethereum. 210 billion dollars capitalization for Ether, a level below the network’s TVL. Tokenization thus continues to strengthen Ethereum’s dominant position in the real-world asset market. Apart from stablecoins, assets like Tether Gold (XAUT), Ondo US Dollar Yield (USDY), and Franklin Templeton iBENJI government bonds illustrate this evolution. Tokenized stocks STRCx from Strategy and CRCLon from Ondo also rank among the main sector references.
This dynamic feeds specialist analyses. Leon Waidmann, research director at Lisk, believes the gap between the network’s total value locked and Ether’s capitalization reflects a relatively lower valuation than observed during the 2022 bear market. This interpretation fuels debate on the asset’s current positioning without changing the network fundamentals.
On-Chain Indicators Continue to Limit the Recovery Despite this improvement in Ether’s price, several indicators show network activity remains less dynamic than before. Layer 2 solutions continue their development, and institutional investments hold steady, but overall demand on the blockchain remains limited. The 2026 bear market reduced activity across several segments, while some competing blockchains strengthened their presence in synthetic perpetual futures and automated yield vaults.
The main on-chain data illustrating this slowdown of activity on Ethereum are as follows:
11 million dollars in weekly revenue generated by DApps, compared to 20 million dollars in Q1 2026. Sky: 3.1 million dollars in weekly revenue. Titan Builder: 2.4 million dollars in weekly revenue. Chainlink: 1.1 million dollars in weekly revenue. Active addresses dropped from 5.4 million to 3.2 million, confirming the decline in on-chain activity. Weekly revenues of Ethereum DApps, in USD (left) vs active addresses (right). Source: DefiLlama
This evolution limits Ether’s ability to immediately extend its rebound. Even if tokenization fundamentals remain solid, network usage metrics do not grow at the same pace. Investors therefore continue to monitor these indicators to determine if the recent price rise can be accompanied by a sustained recovery of activity on Ethereum.
Institutional Purchases Provide Fresh Support to the Market Derivative markets also provide a more measured signal. According to Laevitas data, the annualized funding rate of Ether perpetual futures contracts fell back to 3% on Saturday, after reaching 12% the previous day. This level remains below the neutral threshold set at 6%, indicating weaker demand for long positions. This development suggests that operators remain cautious despite the recent price rise.
Annualized funding rate of ETH perpetual futures contracts. Source: Laevitas
At the same time, institutional flows continue to support the market. Arkham Intelligence identified a withdrawal of 20,500 ETH, representing about 36 million dollars, from Galaxy Digital to a new wallet. This movement corresponds to a pattern previously observed during purchases attributed to Tom Lee via BitMine Immersion. Over the last thirty days, BitMine has accumulated 198,370 ETH, bringing the total value of its reserves to 10.3 billion dollars.
These acquisitions offer additional market support, although they are not enough to erase the more cautious signals seen on technical and on-chain indicators. Tokenization continues to expand use cases for the network, while institutional investments maintain steady demand. However, actual blockchain activity remains below the levels observed at the beginning of the year.
Future movements will therefore depend on the balance between these factors. If tokenization continues its development and institutional purchases hold steady, Ether could maintain a solid base. Conversely, a sustained recovery will also require improvement in on-chain indicators and derivative markets to confirm a return of broader demand across the ecosystem.
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Ethereum Foundation uvedla, že AI agenti odhalili skutečnou zranitelnost v Gossipsubu libp2p a chyba byla před zveřejněním opravena. Podle týmu může AI zásadně změnit auditování bezpečnosti blockchainu.
The Ethereum Foundation said it used AI agents to uncover a real vulnerability, which could be the new way of improving blockchain security.
The organization behind the second-largest blockchain network revealed it had employed a coordinated army of AI agents to identify vulnerabilities in Ethereum’s critical infrastructure.
The team said one major bug was successfully discovered and patched before it could become a larger problem. But that could be just the start of this major story.
AI and Ethereum The blog post published by the Ethereum Foundation reveals that the Protocol Security team disclosed that AI-powered agents found a remotely triggerable vulnerability in libp2p’s Gossipsub networking layer. This is a core component used by the blockchain’s consensus clients to communicate with each other.
The AI agents were deployed against the protocol code, cryptographic software, and smart contracts that underpin the network. The most significant issue the team faced was not finding the bug itself, but filtering genuine issues from the overwhelming number of false positives generated by the agents.
The team published its findings only after fixing the issue, but researchers said the bigger breakthrough lies in the process of finding it rather than the bug itself. AI has become highly effective at identifying potential weaknesses, but without a human touch, the process is still far from being good enough for such major tasks.
The Foundation compared AI agents to modern fuzzing tools. They won’t replace human auditors, but can dramatically expand the search process by generating proof-of-concept exploits, tracing attack paths, and testing assumptions at a scale that would be challenging to achieve manually.
Is This the Future? The cryptocurrency community has wondered for a few years how and why the cryptocurrency industry can be linked to artificial intelligence. The EF said that one of the most important connections between the two is now through AI-assisted auditing, which can fundamentally change how blockchain security operates.
You may also like: Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow? Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit Development teams may deploy more and more AI agents to continuously probe protocol code for vulnerabilities before malicious actors discover them. This could be the opposite of numerous examples in which bad actors employed such agents to hack different blockchains.
Nevertheless, the Foundation cautioned that today’s systems remain far from autonomous as they still generate reports that are duplicates, contain false alarms, or describe attack paths that cannot actually be exploited. The team doubled down that every serious finding still requires careful human review before developers can act on it.
Tom Lee has reaffirmed that Ethereum will play the central role as traditional finance and cryptocurrency converge into a single market.
Summary
Tom Lee says traditional finance and crypto will eventually merge into one market, with Ethereum at the center. His comments come as Bitmine’s Ethereum treasury has grown to 5.74 million ETH, equal to 4.8% of the total supply. Lee also links Ethereum’s outlook to the CLARITY Act and expanding layer-2 payment activity involving Visa and Shopify. According to a post published by Bitmine chairman Tom Lee on X, he believes the line separating traditional financial markets and digital assets will eventually disappear, with Ethereum positioned at the center of that transition.
— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) July 10, 2026 Lee shared the view while responding to a post from Fundstrat Capital head of distribution Carrie Presley, who recalled telling him during an interview nearly six years ago that she was highly optimistic about Ethereum and blockchain technology. Lee acknowledged the exchange and reiterated that he remains bullish on Ethereum.
His latest comments arrive as Bitmine continues expanding one of the largest corporate Ethereum treasuries in the market. The company said last week that it held 5,742,237 ETH, equal to about 4.8% of Ethereum’s circulating supply of roughly 120.7 million ETH. Bitmine added that its combined crypto holdings, cash, marketable securities, and other investments were valued at about $11.1 billion.
Bitmine continues expanding its Ethereum treasury Recent disclosures show Bitmine has steadily increased its Ethereum holdings throughout the year. Crypto.news previously reported that the company added another 27,084 ETH in its latest weekly purchase, pushing its treasury above 5.7 million ETH before the newest holdings update confirmed the total at more than 5.74 million ETH.
Beyond Ethereum, Bitmine reported holding 206 Bitcoin alongside $527 million in cash and marketable securities. The company also disclosed equity investments in Beast Industries and Eightco Holdings as part of its balance sheet.
Lee has repeatedly linked Ethereum’s long-term outlook to changing U.S. crypto regulation. In earlier comments released by Bitmine, he said investors had become more optimistic about the chances of the CLARITY Act advancing through Congress, arguing that clearer rules could support smart contract platforms as digital assets become more integrated into payment systems and financial services.
Ethereum adoption continues to expand into financial services While discussing Ethereum’s role in financial infrastructure, Lee pointed to existing commercial activity already taking place on Ethereum layer-2 networks. According to his earlier remarks, companies including Shopify and Visa already process USDC-related activity through Ethereum scaling networks, demonstrating practical use beyond speculation.
Presley’s recent reminder of their conversation from nearly six years ago also highlighted how long Lee has maintained his positive view on Ethereum. Responding publicly on X, Lee confirmed that his conviction has remained unchanged, adding that he still expects Ethereum to become the foundation connecting traditional finance with the crypto economy as both markets continue moving closer together.
At press time, Ethereum (ETH) was trading at around $1,800, little changed over the past 24 hours and up 2.2% over the previous seven days.
Cambridge audit uvádí, že spotřeba elektřiny Ethereum po The Merge klesla na 7,87 GWh ročně, tedy o více než 99,9 %. Zároveň ale upozorňuje na koncentraci uzlů u několika poskytovatelů a v několika zemích.
The sheer scale of Ethereum’s energy reduction after The Merge is no longer just a community talking point — it now has the weight of a Cambridge audit behind it. The latest figures from the Cambridge Centre for Alternative Finance (CCAF) put annual electricity use at just 7.87 GWh, a decline of more than 99.9%. Emissions have followed a similarly dramatic path downward, settling around 2.37 ktCO₂e annually. For a network that once drew comparisons to medium-sized countries, the numbers represent a complete re‑write of the environmental script.
But the report, built from an infrastructure audit of roughly 8,522 nodes, doesn’t stop at the headline drop. It surfaces a structural reality that market participants and regulators will need to weigh carefully: how the network’s remaining footprint is distributed and who ultimately controls the hardware.
The numbers that reset the conversation Before The Merge, Ethereum’s proof‑of‑work consensus consumed power at a level that made institutional ESG committees uncomfortable. The 99.9% cut changes the calculus for any fund or corporate treasury that had dismissed ether exposure on environmental grounds. The CCAF’s estimate of 56.4% sustainable electricity sourcing further strengthens a story that is increasingly about grid mix rather than the consensus mechanism itself. That subtlety matters because it shifts the burden of scrutiny from the protocol to the geographies where validators operate.
The emissions figure — roughly 2.37 kilotonnes of CO₂‑equivalent — is so low that it practically invites comparisons to small‑scale data centre operations rather than global financial infrastructure. And yet, Ethereum’s developer activity remains among the highest in the industry, as recent ecosystem metrics continue to show. That gap between environmental cost and economic output is precisely the kind of metric that draws serious institutional capital over time.
Provider concentration and geographic clustering The audit’s infrastructure mapping is where the comfort zone narrows. The United States, Germany, Finland, and France host approximately 62% of Ethereum full nodes. Even more concentrated is the service provider layer: Hetzner, Amazon Web Services, and OVH together run roughly 40% of all nodes the researchers examined. For a network that prizes decentralisation as a security property, that level of physical co‑location on a small set of commercial cloud operators raises non‑trivial tail‑risk questions.
A coordinated outage or a regulatory intervention at one of those providers could temporarily reshape network participation. The Dencun upgrade cycle has already sharpened the focus on client diversity; node hosting geography now joins that conversation. The CCAF data makes it explicit that the environmental victory is partly built on layers that are not themselves permissionless.
What the shift means for institutional positioning ESG dynamics in crypto have often been reduced to a binary: Bitcoin’s energy hunger versus everything else. The Cambridge study gives asset allocators a concrete figure to slot into sustainability reports. It also arrives at a moment when on‑chain real‑world asset volumes are swelling beyond $20 billion, a trend documented in a recent tokenisation roundup. Most of that activity lives on Ethereum or its layer‑2 networks, meaning the updated energy footprint directly undercuts a longstanding objection to deploying regulated instruments on public rails.
Policymakers in Washington have been wrestling with crypto market structure legislation, and banking interests are pushing against a landmark Senate bill that could reshape the regulatory perimeter. In that context, verifiable environmental data is not decorative — it is ammunition. A network that can demonstrate a 99.9% energy reduction with audited, third‑party data is harder to dismiss on the basis of vague climate concerns.
What remains uncertain The CCAF report rightly emphasises that the remaining footprint is now a function of local grid carbon intensity. That implies energy‑mix volatility: a shift in the sourcing profile of a single large cloud region could measurably change Ethereum’s overall environmental scorecard. The research does not, however, model how liquid staking protocols or restaking layers might redistribute the validator set across providers and jurisdictions over the next 12 months. The interaction between infrastructure concentration and the rapid evolution of the staking industry is still poorly mapped.
Nor does the report address the energy footprint of layer‑2 rollups posting blobs to mainnet, an increasingly relevant variable as activity migrates off the base layer. For now, the headline is clear: Ethereum’s energy era has ended. The harder conversation about who runs the nodes and where they plug in is just beginning.
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Nová studie Cambridge ukazuje, že 31 % uzlů sítě Ethereum běží v USA a 39 % v EU bez Velké Británie. Síť může přestat finalizovat transakce, pokud současně vypadne více než třetina validátorů.
The Ethereum network continues to evolve, but its geographical distribution remains a subject of monitoring for researchers. A new study from the Cambridge Center for Alternative Finance shows that a significant share of nodes operates in North America and Europe. This snapshot of the network highlights several technical and legal issues. It also reminds us that the location of infrastructures can influence the protocol’s resilience. The updated data finally sheds new light on the network’s energy consumption after the merge.
In brief 31% of Ethereum nodes are hosted in the United States, compared to 39% in the European Union excluding the United Kingdom. The network can stop finalizing its transactions if more than a third of validators become simultaneously inactive. The concentration of infrastructures and client software remains a major issue for Ethereum’s resilience and decentralization. Ethereum’s energy consumption has dropped by about 99.98% since the merge, according to the new Cambridge study. Ethereum’s Geographic Distribution Is Dominated by the United States and Europe The new study indicates that 31% of Ethereum activity is now hosted in the United States. The European Union, excluding the United Kingdom, concentrates about 39% of this activity. In a statement attributed to the daily show The Starting Block, Alexander Neumuller, head of research at the Cambridge Center for Alternative Finance, estimates that the distribution remains heavily oriented towards Western countries. However, it does not indicate excessive concentration in a single state.
Researchers also observe that nodes rely heavily on three major hosting providers: Hetzner, AWS, and OVH. Alexander Neumuller recalls that Hetzner’s terms of use previously prohibited operating blockchain services. However, he notes that this policy may have evolved. This concentration of infrastructures therefore deserves ongoing attention, even if the data do not show a unique national imbalance.
The study also emphasizes that the relationship between nodes and validators remains difficult to measure precisely. The same access point can indeed host several validators. Researchers explain that it is therefore impossible to know exactly the number of validators associated with each infrastructure.
The One-Third Threshold Remains a Key Concern for the Network The analysis conclusions remind us of an important characteristic of Ethereum’s operation. Contrary to some misconceptions, the network does not need to lose half of its validators to encounter a problem. As soon as more than a third of validators simultaneously cease their activity, checkpoint finalization may be interrupted.
This situation explains why the distribution of Ethereum nodes represents a strategic element for the network’s stability. An interruption affecting a widely used infrastructure could slow down overall operation. However, Alexander Neumuller specifies that the available data do not allow a direct link to be established between each node and the exact number of validators it hosts.
Concentration concerns not only physical infrastructures. According to the researcher, client software diversity also plays a crucial role. A technical defect affecting a dominant client could quickly spread to a large part of the network. The report thus presents detailed data on the distribution of consensus clients and execution clients to illustrate this other risk factor.
A New Energy Estimate and Ongoing Legal Challenges The location of nodes goes beyond the simple technical framework. In 2022, the United States Securities and Exchange Commission (SEC) estimated that it could claim jurisdiction over Ethereum. The authority notably relied on the fact that a majority of the network’s infrastructure was then hosted on U.S. soil. This issue therefore continues to fuel reflections on the legal framework applicable to transactions.
Alexander Neumüller nonetheless presents the current geographical distribution as a balance he considers positive, while specifying that it is his personal assessment. According to him, better geographical distribution is an advantage for a decentralized network.
Geographical distribution is a real asset for the network’s resilience, even if the community must continue to monitor its evolution. At the same time, a strong concentration of client software could amplify the consequences of a bug affecting the most used client.
Alexander Neumuller, Head of Research at the Cambridge Center for Alternative Finance, Source: The Block. He also believes that a strong concentration of client software risks quickly spreading the effects of a bug affecting the network’s main client. On this, the community must continue to closely follow this development.
The report also updates Ethereum’s energy estimates thanks to a new methodology. Researchers now use empirical data on node distribution between residential and commercial hosting, rather than theoretical assumptions. This approach takes into account software changes made after the merge, which can modify equipment consumption.
The new estimates assess the annual network consumption at about 7.9 gigawatt hours, equivalent to a continuous power of one megawatt. This corresponds to the consumption of about 2,000 British households. The study also estimates that this consumption remains about 99.98% lower than levels observed before the merge. Finally, the share of sustainable energy used by the network now exceeds 56%, compared to an estimated global average of 43%.
Researchers also estimate the theoretical cost of fully offsetting annual emissions through high-quality carbon credits. This would be between 25,000 and 55,000 pounds sterling, an amount Alexander Neumuller compares to the price of a car. He indicates that this estimate is the result that surprised him most. The Ethereum Foundation supported this study, while researchers specify that their analyses on decentralization reflect their own interpretation. Upcoming observations will measure whether this geographical distribution continues to evolve while preserving network resilience.
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Hedera’s native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum.
Summary
Suspected Hedera exploit moved more than $5.8 million in assets to Ethereum, according to blockchain security researchers. Specter and PeckShield said the attacker bridged funds through LayerZero before swapping WBTC for ETH. HBAR fell more than 2%, trading near $0.069 as the reported exploit unfolded. According to blockchain security researcher Specter, the suspected attacker had already bridged more than $3.7 million worth of assets from Hedera to Ethereum before continuing to move additional funds.
There appears to be an ongoing hack involving @hedera Network, with over $3.7M already bridged to Ethereum by the attacker.
The stolen funds are currently being swapped from WBTC for ETH after being bridged from the Hedera network via Layerzero.
Theft addresses:… pic.twitter.com/KSxd3K2vlu
— Specter (@SpecterAnalyst) July 11, 2026 Specter said the stolen assets were being swapped from Wrapped Bitcoin (WBTC) into Ether (ETH) after crossing chains through LayerZero. The researcher also published two wallet addresses believed to be linked to the incident.
At the time of writing, CryptoBull360 reported that the wallet’s estimated value had increased to roughly $5.8 million, indicating that more assets had reached Ethereum after the initial transfers. The shared wallet data showed holdings of about 3,203 ETH, representing nearly 80% of the portfolio, alongside roughly 20% in WBTC.
According to data from crypto.news, Hedera (HBAR) price traded around $0.069, down more than 2% following the reports of the suspected exploit.
Cross-chain transfers have continued after the initial breach As additional transactions appeared on-chain, blockchain security firm PeckShield said the suspected exploit had already transferred approximately $5.25 million from the Hedera mainnet to Ethereum. The firm added that the wallet held around 2,360 ETH, valued at roughly $4.25 million, and 15.58 WBTC, worth about $1 million, at the time of its analysis.
PeckShield also reported that the wallet had originally been funded with 1 ETH from Tornado Cash, citing on-chain transaction history. The observation identifies the source of the wallet’s initial funding but does not establish who controls the address or who carried out the alleged attack.
The wallet screenshots shared by both Specter and PeckShield showed a series of inbound transfers arriving within a short period before the assets were converted into ETH.
Investigation remains ongoing as official details are limited Neither Specter nor PeckShield identified the party responsible for the suspected exploit, and no official estimate of the total losses had been released at the time of writing. The reported value of the stolen assets continued to change as additional funds were observed moving through the wallet.
The incident is still developing, with blockchain security researchers continuing to monitor the addresses and publish updates as new transactions appear on-chain. Meanwhile, market participants are watching for an official statement from the Hedera team regarding the reported exploit and any measures taken to contain its impact.
The Hedera incident comes amid a series of security-related developments reported by crypto.news in recent weeks. Blockaid recently said it detected an active exploit targeting Summer.fi, estimating losses of about $6 million at the time of its alert.
Separately, Ctrl Wallet announced it will permanently shut down after a security exploit affecting some Cardano wallets, giving users until Aug. 3 to withdraw their assets. Meanwhile, crypto.news also reported that Secret Network has proposed migrating SCRT from Cosmos to Arbitrum, with the team citing security risks, weaker liquidity, and an aging codebase in its July 7 governance proposal.
Z Hedera Network bylo po exploitu Sauce Protocol odcizeno více než 5,25 milionu USD a HBAR po zprávě klesl asi o 3,5 % na téměř 0,0670 USD. Útočník využil manipulaci s cenovým orákulem a prostředky přesunul na Ethereum.
More than $5 million has been stolen from the Hedera Network after hackers exploited the DeFi lending platform Sauce Protocol. The attack caused the HBAR coin price to fall by nearly 3% as the stolen crypto was quickly moved to Ethereum.
So far, the attacker has not been identified, and the Hedera Network team has not released an official statement.
Sauce Protocol Exploit Drains Over $5 MillionAccording to PeckShield, the attacker exploited the Sauce Protocol by manipulating its price oracle after depositing collateral into the lending platform.
By changing asset prices, the hacker borrowed nearly 6.6 million USDC and 35 million HBAR before swapping the stolen tokens on SaucerSwap.
The attacker then used LayerZero to bridge the stolen funds from the Hedera Network to Ethereum, making it more difficult to recover the assets.
The total loss is estimated at more than $5.25 million, with the funds already transferred off the Hedera Network.
Stolen Funds Moved to EthereumOn-chain investigator Specter said the hacker first stole the funds from Sauce Protocol on the Hedera network. After that, the attacker used LayerZero to transfer the stolen crypto from Hedera to Ethereum, where it is easier to swap and move the funds.
The hacker’s Ethereum wallet now holds around 2,068 ETH, worth nearly $3.7 million, along with 15.58 WBTC, bringing the total stolen assets to more than $5 million.
Blockchain records also show the attacker making several transactions, repeatedly moving Wrapped Bitcoin (WBTC) to another wallet, likely an attempt to hide the money trail.
More than $5 million has been stolen from Hedera’s DeFi ecosystem after hackers exploited Sauce Protocol in an oracle manipulation
Before carrying out the exploit, the hacker funded the wallet 0x9A4…6a494 with just 1 ETH from Tornado Cash. Attackers often use Tornado Cash to cover their tracks before launching an exploit.
HBAR Coin Price Falls After AttackFollowing the news, HBAR dropped around 3.5%, falling to nearly $0.0670 as investors feared a more serious breach.
Although the exploit targeted Sauce Protocol rather than the Hedera network itself, the incident has raised concerns across decentralized finance (DeFi) applications built on the blockchain.
The investigation is still ongoing, yet there is no official announcement or post from the Hedera network team.
Story Ends Here
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Na síti Hedera bylo při podezření na exploit odcizeno 5,25 milionu USD a prostředky se přes LayerZero přesunuly na Ethereum. Hedera incident zatím nepotvrdila.
Someone just walked off with $5.25 million from the Hedera network, and they didn’t exactly try to be subtle about it. Blockchain security firms PeckShield and Specter flagged the suspicious activity on July 11, tracking a trail of funds that moved from Hedera’s mainnet to Ethereum through a cross-chain bridge powered by LayerZero technology.
The timing is particularly awkward for Hedera. Just weeks after the network celebrated the launch of the first US spot HBAR ETF, it’s now dealing with a significant security incident.
How the exploit unfolded The attacker funded an Ethereum wallet with 1 ETH routed through Tornado Cash, the privacy mixing service. From there, the attacker bridged assets from Hedera to Ethereum using LayerZero’s cross-chain infrastructure. Once the funds landed on Ethereum, the attacker swapped Wrapped Bitcoin for Ether, consolidating the stolen haul into more liquid assets.
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At the time security researchers flagged the incident, the attacker’s Ethereum wallet held approximately 2,360 ETH, valued at about $4.25 million, along with 15.58 WBTC worth roughly $1 million. The wallet addresses involved have been identified as 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 and 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e.
Hedera itself has not confirmed the exploit. On-chain investigators are still picking through the transaction data to determine exactly what vulnerability was exploited and how the attacker gained access to the funds in the first place.
A pattern that should worry everyone This isn’t Hedera’s first brush with a security breach. Back in March 2023, the network experienced an exploit that affected decentralized exchange liquidity pools through a bug in Hedera Token Service transfers.
The 2026 landscape has been particularly brutal. A $6 million exploit hit Summer.fi, and a governance attack on BONK DAO resulted in $20 million in losses. The suspected Hedera incident slots neatly into this growing catalog of multi-million-dollar security failures.
What this means for HBAR and its new ETF In June 2026, Canary Capital launched the first US spot HBAR ETF, which debuted with $52.6 million in assets under management. Now, barely a month later, the network is associated with a multi-million-dollar theft.
The exploit appears to involve assets bridged off the Hedera network rather than a compromise of the network’s core consensus mechanism. The use of Tornado Cash to fund the initial wallet suggests the attacker was prepared for scrutiny, which typically makes fund recovery significantly more difficult.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Americké spotové Bitcoin ETF 10. července přilákaly čistý příliv 90,4 milionu USD a Ethereum ETF přidaly 18,4 milionu USD. Po červnovém odlivu se tak kapitál vrací do regulovaných krypto produktů.
US spot Bitcoin ETFs pulled in $90.4 million in net inflows on July 10, while their Ethereum counterparts added $18.4 million. That translates to roughly 1,791 BTC and 10,550 ETH worth of fresh capital flowing into regulated crypto investment products in a single day.
The recovery after a record-breaking exodus June 2026 set an unwelcome record: approximately $4 billion in net outflows from US spot Bitcoin ETFs. That’s the largest monthly withdrawal since these products launched in January 2024.
A 10-day consecutive outflow streak from Bitcoin ETFs finally snapped on July 2, after hemorrhaging a cumulative $2.73 billion during that stretch alone.
Earlier in the month, Bitcoin ETFs recorded a single-day inflow of $265.7 million, driven primarily by BlackRock’s IBIT. The $90.4 million on July 10 is more subdued, but it reinforces the narrative that capital is rotating back in rather than continuing to flee.
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Who’s winning the ETF fee war BlackRock’s IBIT and Fidelity’s FBTC continue to dominate inflows on the Bitcoin side. On the Ethereum front, BlackRock’s ETHA and Fidelity’s FETH have carved out similar positions.
Grayscale’s higher-fee products have faced persistent outflows as investors migrate to cheaper alternatives. Grayscale’s Bitcoin Trust, which converted from a closed-end fund, carried significantly higher fees than competitors who entered the market with aggressive pricing, resulting in a steady asset transfer from Grayscale to BlackRock and Fidelity.
Since spot Bitcoin ETFs launched in January 2024, total net inflows have surpassed $50 billion, reaching approximately $51.3 billion by July 2026.
Macro backdrop and what’s driving sentiment Bitcoin prices have been hovering between $56,000 and $64,000 in early July. Easing inflation expectations have provided some tailwinds for risk assets broadly, and crypto ETFs appear to be catching that breeze.
The $18.4 million flowing into Ethereum ETFs is notable because Ethereum ETFs have historically struggled to match Bitcoin’s momentum in attracting capital. The fact that both products are seeing positive flows simultaneously suggests the recovery isn’t limited to Bitcoin; it’s a broader re-engagement with crypto as an asset class.
What this means for investors For investors watching the competitive landscape, the continued dominance of BlackRock and Fidelity products is worth tracking. The earlier $265.7 million inflow day in July shows the capacity for larger moves when conditions align.
A $4 billion monthly outflow in June demonstrates how quickly sentiment can reverse. With Bitcoin trading between $56,000 and $64,000, investors should watch whether the July inflow trend accelerates or fizzles. If daily inflows consistently stay positive and gradually increase, it would mark a meaningful shift in the institutional positioning that drove the June selloff.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BlackRock has transferred 8,700 ETH—valued at approximately $15.81 million—to Coinbase Prime in the latest significant move tracked on the blockchain. According to data from Onchain Lens, the transfer originated from wallets linked to BlackRock’s Ethereum ETF, known by its ticker ETHA, coinciding with escalating outflows from the fund.
Transfer coincided with mounting ETF redemptionsOn the same day, BlackRock’s spot Ethereum ETF, ETHA, saw a net outflow of 7,240 ETH, representing around $12.67 million. This continued a trend of weak capital inflows into Ethereum ETFs, underlining continued pressure on the investment products amid challenging investor sentiment.
BlackRock, one of the world’s largest asset managers, remains under close observation in the cryptocurrency ETF sector. Coinbase Prime, on the other hand, serves as a leading platform offering custody, trading, and execution services tailored to institutional clients navigating the digital asset space.
According to Onchain Lens, 8,700 ETH was moved from BlackRock’s ETHA-linked wallets to Coinbase Prime during the exact period when substantial outflows hit ETHA.
Outflows deepen in Ethereum ETFsData for July 9 shows total daily outflows from spot Ethereum ETFs reaching $52.08 million. The largest single-fund withdrawal was recorded in Fidelity’s FETH. These figures highlight persistently weak short-term investor demand across the sector.
ETF flows have become a key barometer of overall market sentiment in recent quarters. June stood out as a period of heightened redemptions, with Ethereum ETFs seeing $690 million in net outflows—extending the negative streak that began in the first quarter of the year.
ItemAmountBlackRock transfer8,700 ETHTransfer value$15.81 millionETHA daily outflow7,240 ETHETHA daily outflow value$12.67 millionTotal daily Ethereum ETF outflow$52.08 millionNet figure after June$690 million net outflowMarket looks to Q3 signalsFollowing a lackluster first half of the year, investors have begun watching for signals that could shape the remainder of 2026. Historical data suggest that the third quarter has sometimes marked the beginning of recovery phases for Ethereum.
Analytics from CoinGlass reveal that since 2016, Ethereum has averaged an 8.08% return in third quarters, finishing seven out of the last eleven Q3 periods in positive territory. Notably, Q3 of 2025 saw a robust 66.55% surge.
Despite prior years hinting at stronger Q3 trends, investors are cautious, noting that a lack of new catalysts means past performance alone might not be enough to spark a sustainable recovery.
It is repeatedly emphasized that historical results are no guarantee of future outcomes. Over the past 24 hours, Ethereum posted a 2.6% gain, outperforming Bitcoin and climbing to $1,790. This price action fuels ongoing debate about whether ETH can break above its pattern of descending highs and lows.
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.
Ripple snížil nabídku RLUSD na Ethereu na zhruba 692 milionů USD, protože pokračuje v burnech tokenu. Na XRP Ledgeru je RLUSD stále více než na Ethereu.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin's circulating supply through token burns.
At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days.
$115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted.
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The last 30 days saw significant RLUSD redemptions on the Ethereum blockchain; a total of $369.4 million was burned while $167.6 million was minted.
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On the XRP Ledger, a total of $324.1 million was minted in the last 30 days and $217.6 million was burned. The total circulating supply of the RLUSD stablecoin is currently $1.556 billion.
RLUSD expands footprint on XRP LedgerWith RLUSD supply on Ethereum shrinking to $692 million, XRP Ledger remains ahead, hosting more RLUSD than Ethereum network. RLUSD's footprint on XRP has increased significantly, overtaking Ethereum supply for the first time in June.
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RLUSD in circulation on the XRP Ledger grew from roughly $20 million at the end of 2024 to about $800 million by late June 2026, which is a 40-fold rise, with the largest increase occurring in May and June 2026.
Ripple USD is currently one of the most-traded issued assets on XRP. Its share of all on-chain trading climbed from under 1% to about 12% in 2026, and the RLUSD/XRP pair alone has cleared roughly $900 million over the last six months.
This week, Ripple received authorization of its Crypto Asset Service Provider (CASP) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). The authorization confirms Ripple as fully MiCA-compliant, with its solutions underpinned by XRP and RLUSD made available to financial institutions, corporates and businesses across all 30 countries of the European Economic Area.
Bitmine Immersion Technologies koupila dalších 20 500 ETH za zhruba 35,9 milionu USD od Galaxy Digital. Jde o druhý velký nákup Etherea během dvou dnů.
Bitmine Immersion Technologies (NYSE: $BMNR), chaired by Fundstrat's Tom Lee, has purchased another 20,500 $ETH worth approximately $35.9 million from Galaxy Digital, according to onchain data cited by Lookonchain. The transaction is the company's second major Ethereum buy in as many days and adds further momentum to what has become one of the most closely watched corporate accumulation stories in crypto.
Back-to-Back Buys Push Holdings Higher The latest purchase follows a reported acquisition of 40,000 ETH on July 8, executed through FalconX and Kraken. Combined, the two transactions total roughly 60,500 ETH acquired within days. As of July 5, 2026, Bitmine's holdings stood at 5,742,237 ETH, representing approximately 4.8% of the total ETH supply of 120.7 million tokens. The latest buys reported on July 10 would push that figure higher still, bringing the company closer to its stated target.
The "Alchemy of 5%" and What's at Stake Guided by its philosophy of "the alchemy of 5%," Bitmine is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralised finance mechanisms. A 3.5 million share 9.50% Series A Perpetual Preferred (BMNP) deal raised about $273.8 million to fund additional digital assets, validator growth, and strategic ETH-ecosystem investments.
Chairman Thomas Lee attributed Ethereum's recent outperformance of Bitcoin and Bitmine's continued accumulation to rising investor optimism that the proposed Clarity Act will pass and bring greater regulatory certainty to crypto, especially Ethereum. Lee also believes Ethereum is undervalued, citing tokenization and rising demand from artificial intelligence applications as long-term catalysts.
Annualized staking revenues are projected at $235 million, with 4.9 million ETH representing 85% of the 5.74 million ETH held by Bitmine. Bitmine's crypto holdings rank it as the number one Ethereum treasury and number two global treasury, behind Strategy Inc. (NASDAQ: MSTR).
Sources:
Bitmine official press release via PR Newswire, July 6, 2026
CoinDesk: Bitmine adds $74 million in Ether as Tom Lee bets on Clarity Act boost
Yahoo Finance: Bitmine Purchases Another $74 Million of Ethereum
Ethereum Foundation zrušila tým Protocol Support, který pět let koordinoval upgrady, schůzky vývojářů a fellowship programy. Krok navazuje na širší restrukturalizaci a propuštění zhruba 20 % zaměstnanců.
The Ethereum Foundation has dissolved its Protocol Support team as part of a broader restructuring that recently cut about 20% of the nonprofit’s workforce.
Summary
Ethereum Foundation dissolved Protocol Support after five years coordinating upgrades, developer meetings and fellowship programs worldwide. Several team members lost their roles following the Foundation’s broader 20% workforce reduction announced recently. Core protocol work continues under Ethereum Foundation’s new structure, but some support programs face uncertainty. Protocol Support coordinated several parts of Ethereum’s development process. Its work covered core developer meetings, network upgrade tracking, Ethereum Improvement Proposal support and programs that trained new protocol contributors.
The Protocol Support account confirmed the team’s closure on X. It also invited Ethereum organizations seeking experienced developers to contact former team members.
the EF Protocol Support team has been dissolved 🖖
— EF Protocol Support (@EFprotocol) July 9, 2026 Mario Havel, who worked with Protocol Support for more than five years, said he remains at the Ethereum Foundation. However, he confirmed that the rest of his team had been dissolved and that several colleagues had lost their roles.
“I am still part of EF, continuing my work and figuring out what’s most needed in the future,” Havel wrote on X. “However, all of my team, Protocol Support, that I have been part of for 5+ years, has been dissolved.”
I was getting questions about recent EF layoffs and my situation so I should share something public as well.
I am still part of EF, continuing my work and figuring out what's most needed in the future. However, all of my team, Protocol Support, that I have been part for 5+… https://t.co/KRgKxiXQpa
— Mario Havel (@TMIYChao) July 8, 2026 Havel described the closure as the “bitter end” of a team that had supported Ethereum’s core development process through several forms and leadership changes.
Team managed key Ethereum developer programs Protocol Support helped organize All Core Developers meetings, where client teams and researchers discuss proposed upgrades. It also supported breakout calls, tracked network fork readiness and helped contributors understand Ethereum’s technical roadmap.
The team maintained Forkcast, a public platform that tracks Ethereum upgrades, proposed EIPs, testnet launches and mainnet activation plans. Former team lead William Morriss said the restructuring had ended his Ethereum Foundation role.
Protocol Support also ran the Ethereum Protocol Fellowship. The program trained developers seeking to contribute to Ethereum’s core protocol and connected participants with client teams, researchers and other technical groups.
Havel said he and former colleague Josh Davis built the fellowship over four years. The program has since brought dozens of new developers into Ethereum’s core development community.
The Foundation had opened applications for the seventh Ethereum Protocol Fellowship cohort in April. The available statements did not explain whether the current cohort will continue under another team.
Closure follows wider Foundation layoffs The team’s dissolution follows the Ethereum Foundation’s new organizational structure, announced on June 23. The Foundation cut 54 positions, equal to roughly 20% of its workforce, after a months-long review of its activities and spending.
As previously reported by crypto.news, the Foundation reorganized its work into five main areas: protocol, access, user, community and institutional layers. Separate groups handle operations and management.
The Foundation said affected workers would receive severance, career transition support and grants for related expenses. It described the changes as necessary to focus its staff and resources on work that the organization must perform over the coming years.
The latest closure also follows earlier changes to Ethereum’s research and development structure. The Foundation reduced its Protocol Research and Development team in 2025 and renamed the remaining group Protocol.
Core protocol work remains active The new protocol cluster remains responsible for Ethereum’s underlying technology. Its stated tasks include shipping upgrades safely, reducing technical complexity and improving privacy, security and censorship resistance.
Ethereum developers are also working on the Glamsterdam upgrade. The planned update includes changes to block construction, data access and network performance, as crypto.news previously reported.
However, the Foundation has not publicly detailed where every Protocol Support responsibility will move. The future management of developer meetings, Forkcast, fellowship programs and EIP support therefore remains unclear.
Protocol development does not depend on one Foundation team because Ethereum client developers, researchers and independent contributors work across several organizations. Still, Protocol Support provided coordination services that connected many of those groups during network upgrades.
Robinhood Chain za první týden po spuštění přilákal více než 70 milionů USD v bridgovaném Etheru. Síť zároveň hlásí TVL nad 106 milionů USD a denní objem obchodů na Uniswapu 500 milionů USD.
Robinhood Chain has attracted more than $70 million worth of bridged Ether within its first week, strengthening Ethereum’s role as the settlement layer behind the brokerage’s new tokenized finance network.
Summary
Robinhood Chain has attracted more than $70 million in bridged Ether within its first week after launch. Daily Uniswap trading volume has reached $500 million while total value locked has climbed above $106 million, supported by institutional liquidity. Token Terminal said continued adoption of Robinhood Chain could create a meaningful new source of demand for Ether. Data from Token Terminal showed the Arbitrum-based layer-2 network crossed the milestone after launching on July 1, with the analytics platform saying continued adoption could make the chain “a meaningful new source of demand for ETH.”
ETH bridged from @ethereum (L1) to Robinhood Chain (L2) is up by ~70x in the past week, surpassing $70M@RobinhoodApp Chain uses ETH as its native gas token
If adoption continues, the chain could become a meaningful new source of demand for ethereum:native pic.twitter.com/ihvgnut9Hz
— Token Terminal 📊 (@tokenterminal) July 9, 2026 Robinhood introduced the EVM-compatible network as an “AI-native” blockchain built for real-world assets, using ETH as its native gas token. The launch coincided with the company’s rollout of tokenized US stocks to customers in more than 120 countries, expanding its push into blockchain-based financial products.
Recent on-chain data also points to rapid ecosystem growth. Earlier this week, DeFiLlama data showed Robinhood Chain’s total value locked had climbed above $106 million after large institutional deposits into the Morpho lending protocol, while daily Uniswap trading volume reached $500 million, placing the network behind only Ethereum mainnet over the same period.
Ethereum demand grows alongside Robinhood Chain activity Alongside the rise in bridged assets, Token Terminal said Robinhood Chain has been converting liquidity into on-chain activity. According to the firm, daily active users reached 194,000 while daily revenue climbed to about $39,000, implying an annualized run rate of roughly $14 million.
DeFiLlama reported similar growth, showing the network held 46,748 ETH, worth about $83 million at current prices, before TVL later expanded beyond $100 million. The platform added that inflows on Thursday alone totaled 31,855 ETH, or roughly $55 million.
Commenting on the network’s activity, Uniswap founder Hayden Adams said most transactions on Robinhood Chain are denominated in ETH.
“It’s the base pair for trading, the highest volume asset, and the gas token to pay for blockspace,” Adams wrote, adding that the network also burns ETH on Ethereum’s mainnet to cover data storage costs.
Institutional participation has also accelerated liquidity growth. According to DeFiLlama, nearly $90 million of the chain’s locked value is held on Morpho, where Robinhood Earn offers around 7% annual percentage yield on USDG deposits. The biggest contribution came from Ethena, which deposited $50 million into a Steakhouse Financial-managed USDG vault in a single transaction.
Institutional flows support early momentum The growing activity comes as Robinhood continues expanding its tokenized finance ecosystem. Trading on the network has centered on Wrapped Ether (WETH), memecoins, and tokenized equities including NVDA, AAPL, and GOOG, while Robinhood launched the chain with support for Uniswap’s v2, v3, v4, and UniswapX infrastructure.
RWA.xyz data shows Ethereum and its layer-2 networks account for more than half of the tokenized real-world asset market, giving Robinhood Chain access to an ecosystem that already dominates the sector.
Ethereum Foundation nasadila AI agenty k bezpečnostnímu testování své infrastruktury a našla skutečné chyby, včetně zranitelnosti v libp2p gossipsub. Ta byla opravena a zveřejněna jako CVE-2026-34219.
In brief Ethereum Foundation researchers are using AI agents to red-team critical network infrastructure. The agents helped uncover a peer-to-peer software vulnerability that was later disclosed. AI-assisted audits have already surfaced bugs in blockchain projects, including Zcash. The Ethereum Foundation is using swarms of AI agents to attack Ethereum—before someone else does.
In a blog post on Thursday, Ethereum Foundation researchers on the Protocol Security team said they have deployed a series of AI agents against the software Ethereum relies on, hunting for vulnerabilities in cryptographic systems, protocol code, and smart contracts.
“We've been running coordinated AI agents against the kinds of systems the network depends on, like systems software, cryptographic code, and contracts that have to be right,” the researchers wrote. “The agents found real bugs.”
One of the bugs discovered included a remotely triggered panic in libp2p’s gossipsub, part of the peer-to-peer layer used by Ethereum consensus clients. The issue was fixed and disclosed on Github as CVE-2026-34219.
Known as red teaming, the practice involves companies deploying security researchers to attack their own systems, attempting to infiltrate or disrupt networks to uncover weaknesses before malicious hackers find them. While red teams attack a system, it's up to blue teams to defend it.
Human researchers have traditionally searched for vulnerabilities by reviewing code manually—but AI agents can scan entire codebases, test potential exploits, and generate findings for review.
“Agents finding bugs wasn't the surprise,” the team wrote. “The surprise was how little of the work went into finding them, and how much went into telling the real bugs from the ones that just looked real.”
According to the Ethereum Foundation, the agents are organized into specialized roles, including reconnaissance, hunting, gap-filling, and validation. Some search for possible attack paths, while others attempt to reproduce failures and verify whether they work against production code.
“The schema is there for a reason,” they wrote. “It forces a specific, testable claim and a clear definition of done. An agent that has to write down an observable proof can't fall back on "this looks risky."
The growing role of AI in vulnerability research was demonstrated in April, when a preview version of Anthropic’s Claude Mythos discovered 271 vulnerabilities in Mozilla’s Firefox browser.
The researchers compared AI agents to fuzzers, or tools that test software for flaws. However, unlike fuzzers, AI agents can generate vulnerability reports, assess impact, and create proof-of-concept tests.
But detailed does not always mean correct. AI-generated findings can appear convincing even when they are wrong, leaving researchers to filter out duplicates, false positives, and vulnerabilities that cannot actually be exploited.
"One rule matters more than any other. A candidate isn't a finding until there's a self-contained artifact that reproduces the failure against the real code, and that runs for someone who didn't write it," the researchers wrote. "The reproducer doesn't read the write-up, and it doesn't care how confident the model sounded. It either runs or it doesn't."
AI tools have already helped security researchers uncover flaws in blockchain networks.
In May, security researcher Taylor Hornby used Anthropic’s Claude Opus 4.8 during an AI-assisted audit that found a critical vulnerability in Zcash’s Orchard privacy pool. The flaw had existed for roughly four years and could have allowed an attacker to create counterfeit ZEC without an obvious on-chain trace. A network upgrade to restore confidence in Zcash’s supply is still in the works.
The Ethereum Foundation’s experiment brings the technology in-house, using AI agents to test its own code to find vulnerabilities.
“AI didn't replace the security researcher. It moved the work,” the Ethereum Foundation said. “Agents let us cover far more ground than we could by hand. In exchange, they ask for more careful judgment, across a much bigger pile of confident-sounding claims.”
“That's a trade worth making,” they added, “as long as you remember that the judgment is the real product.”
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Analytik vidí u ETH býčí nastavení před upgradem Glamsterdam, který má zvýšit gas limit třikrát a snížit poplatky asi o 78 %. ETH se drží těsně pod 1 754 USD.
Rising spot activity alongside falling leverage suggests long-term buyers may be replacing speculative traders.
Ethereum (ETH) is trading at nearly 65% below its all-time high, with attention around the asset at an almost yearly low, even as its largest network upgrade since The Merge is due within weeks.
But an analyst tracking the setup says the gap between weak social interest and steady on-chain usage is the kind of divergence that has often come right before sharp moves for the cryptocurrency.
Glamsterdam Approaches as On-Chain Data Stays Firm In a July 9 post on X, pseudonymous analyst Wise Crypto noted that the Ethereum network has been processing roughly 450,000 active addresses despite social media discussion sitting near yearly lows.
According to them, the upcoming Glamsterdam upgrade could become a major catalyst, considering that it could increase Ethereum’s gas limit by three times and cut transaction fees by about 78%. It has also been said that it could lift throughput to about 10,000 transactions per second.
“Major catalyst. Minimal attention,” the market watcher wrote, while naming $1,754 as the ETH level worth watching. A sustained move above that area, according to them, could open the way toward $2,440, while failure to hold support could send the world’s second-largest crypto asset back toward $880.
Looking at CoinGecko data at the time of writing, ETH was trading just a few dollars below Wise Crypto’s stated resistance level, having dipped slightly (about 1%) in 24 hours but still gaining nearly 7% during the past week and about 3% over 30 days.
That quiet backdrop is sitting alongside some unusual exchange data shared by CryptoQuant contributor Amr Taha, who said that Binance’s 30-day ETH open interest change fell to -594,000 ETH earlier in the week, marking its deepest contraction since August 2024. Around the same time, ETH spot volume on OKX climbed to $2.09 billion, 49% higher than its best reading of the year, which was recorded on February 5.
You may also like: ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow? Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach According to Taha, the pairing is notable because a leverage flush alongside rising spot volumes probably means that speculators are leaving the market while spot buyers are continuing to stack ETH and not that there’s a broad retreat from the asset.
Executives Talk Up the Cycle While Traders Stay Cautious Ethereum has been rejected at $1,800 three times this week, but that didn’t stop Consensys co-founder Joseph Lubin from saying Wednesday that the “Summer of Ethereum Love is gaining steam,” pointing to newly launched steward groups like Ethlabs working alongside the Ethereum Foundation, and citing the network’s eleven years of uptime as a draw for institutions.
Analyst Michaël van de Poppe struck a similar tone over the weekend, arguing that “the worst period for ETH is over” after the token closed out its third straight quarterly loss of more than 20%, a first in its history. He called the odds of a fourth consecutive drop statistically low and pointed to the pending CLARITY Act as a potential liquidity driver.
Eightco Holdings (ORBS) oznámila treasury v hodnotě zhruba 397 milionů USD, včetně nepřímého podílu v OpenAI v hodnotě 90 milionů USD, 18 milionů USD v Beast Industries, 16 278 ETH a 283 milionů WLD. Hodnota WLD při zveřejnění činila 149 milionů USD.
Public markets rarely get a direct window into a company’s crypto conviction. Eightco Holdings (NASDAQ: ORBS) just pried that window open. The firm’s July 8 snapshot shows total holdings of roughly $397 million, a figure built from an unusual mix of AI equity stakes and liquid crypto assets. The treasury includes an indirect $90 million position in OpenAI, $18 million in Beast Industries, 16,278 ETH, and 283 million WLD tokens—valued at $149 million at the time of disclosure.
For a Nasdaq-listed entity, the composition reads less like a traditional balance-sheet hedge and more like a concentrated bet on AI infrastructure and on-chain identity. The Ethereum stack alone is large enough to place Eightco among the more exposed public-company ETH holders, even if it still trails dedicated crypto treasury companies by a wide margin. Meanwhile, the Worldcoin (WLD) position dwarfs many crypto-native funds’ allocations to the token and directly ties the company’s fortunes to the adoption curve of the World Network.
What the Treasury Actually Holds The numbers matter because they’re unusually granular. Most corporate disclosures round crypto exposure into a catch‑all “digital assets” line. Eightco separated equity from tokens and named the projects. That level of detail is uncommon and forces the market to price not just crypto volatility but also private AI valuation risk. The $90 million indirect OpenAI stake raises immediate questions about how that valuation was derived—secondary market pricing for OpenAI equity has been choppy, and liquidity is thin. Beast Industries, a smaller position at $18 million, adds another layer of exposure to the AI hardware and robotics sector.
On the crypto side, 16,278 ETH represents roughly $36 million at current prices, assuming a ballpark $2,200 per ether. The bulk of the reported value, however, sits in 283 million WLD tokens. WLD’s fully diluted valuation and trading volumes have swung dramatically over the past year as the project rolled out biometric verification hubs across emerging markets. Holding that many tokens—likely acquired through grant agreements, market purchases, or strategic allocations—creates a direct link between Eightco’s balance sheet and World Network user growth numbers.
A Corporate Treasury Without the Usual Guardrails Public companies that hold crypto typically stick to bitcoin or ether, often citing their liquidity and regulatory clarity. Eightco’s decision to allocate heavily to WLD sits outside that playbook and reflects a different thesis. Instead of treating crypto as a store of value or inflation hedge, the treasury appears structured around ecosystem participation—staking, governance, or alignment with a protocol’s long-term infrastructure play. The Ethereum position and the Worldcoin exposure both point toward a conviction that identity protocols and AI-native distribution rails will accrue value faster than general-purpose smart contract platforms alone.
That approach aligns with a broader shift in institutional thinking tracked by recent tokenization and treasury moves. As real-world asset tokenization crosses $20 billion on-chain and traditional finance firms settle Treasury trades directly on public ledgers, the line between equity holdings and token allocation blurs. Eightco’s structure may look aggressive now, but it’s increasingly part of a pattern where a balance sheet becomes a portfolio of protocol positions.
What Stays Unanswered The press release leaves several holes. There is no disclosed cost basis for the ETH or WLD, making it impossible to judge whether the treasury is deep in profit or exposure is concentrated near entry. The indirect OpenAI stake is not explained—whether through a special-purpose vehicle, secondary purchases, or a fund commitment. Liquidity for that position is unknown, and so is any lockup or redemption schedule.
For WLD, the lack of detail on how tokens were sourced matters. If they came from early grants tied to network contributions, selling restrictions could limit balance-sheet flexibility. If they were purchased on secondary markets, volatility cushions are thinner. Regulatory risk also hovers over Worldcoin in multiple jurisdictions where biometric data collection by a private network continues to attract scrutiny from data protection authorities. A sudden enforcement action would not only hit the token price but could reshape the company’s entire book value overnight.
The disclosure arrives during a week when Ethereum itself sat near the top of developer activity rankings, reinforcing the idea that infrastructure value and treasury allocations are becoming harder to separate. For Eightco, the market now has a clear view of a $397 million wager that mixes two of the most volatile and politically sensitive corners of tech into a single public-company filing. The numbers are big enough that every subsequent quarterly update will be watched for changes in token balances and valuation marks.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Circle spustila nativní EURC na Base, čímž přidává eurovou stablecoinovou likviditu na tuto Ethereum layer-2 síť. Nasazení zapadá do její MiCA strategie.
Circle’s EURC launch on Base is a small but important stablecoin infrastructure move. It brings a native euro-denominated token to one of the most watched Ethereum layer-2 networks at a time when European regulation is becoming much more concrete.
That combination matters. Base needs more native liquidity tools, and Circle needs to show that its MiCA-compliant strategy can translate into useful distribution across active networks.
For more details, visit the official Circle platform.
TL;DR Circle launched native EURC on Base.The rollout gives the Ethereum layer-2 a euro-denominated stablecoin aligned with Circle’s MiCA strategy.It adds another liquidity building block for Base as regulated stablecoin competition intensifies. Why EURC On Base Matters Most crypto liquidity is still dollar-denominated, but euro stablecoins are becoming more important as MiCA changes the European operating environment. A native EURC deployment gives Base users a cleaner way to move euro liquidity without relying only on bridged or wrapped assets.
For developers, native stablecoins can matter because they reduce friction in payments, DeFi, and trading pairs. For users, they make the network feel more complete.
Circle’s MiCA Advantage Circle has been positioning itself as one of the stablecoin issuers most prepared for Europe’s new rulebook. EURC on Base fits that strategy because it combines regulatory positioning with distribution on a fast-growing chain.
The broader stablecoin market is becoming more regional and more regulated. That means issuers with clear licenses and compliant products may be able to capture share where unregulated tokens face restrictions.
Base Gets Another Liquidity Piece For Base, the launch adds to an ecosystem already trying to build depth across DeFi, payments, and consumer applications. Stablecoins are the settlement layer for much of that activity.
If EURC finds real usage, it could help Base become more attractive to European users and projects looking for euro-denominated on-chain rails.
The Part That Matters The useful way to read this story is not as a standalone headline about Circle, but as part of the wider pressure building around Stablecoins coverage this week. Markets have been jumping quickly from one catalyst to the next, so the cleaner value for readers is in separating the actual development from the instant reaction around it. In this case, the source material gives us a concrete event to work from, rather than a loose rumour or a recycled social-media talking point.
That distinction matters because crypto readers are being asked to process a lot at once: ETF flows, regulatory actions, exchange listings, protocol upgrades, wallet movements, and political signals. A story like this is most useful when it helps them understand where EURC fits into that broader map. It does not need to be inflated into a guaranteed price call to be worth covering. It simply needs to explain what changed, who is affected, and why the market is paying attention today.
The caveat is also important. Even clean source-backed developments can be overinterpreted when traders are hunting for a fast narrative. A listing does not automatically create lasting demand, a regulatory update does not immediately settle every legal question, and an on-chain movement does not always translate into a finished sale. The better read is to treat the development as a fresh data point and then watch whether follow-up activity confirms the direction of travel.
For NewsBTC readers, that means keeping the focus on what can actually be verified from the source and avoiding the temptation to turn every update into a sweeping market verdict. The story is strong enough on its own terms: it gives investors and traders another piece of context around Stablecoins, while leaving room for the next filing, dashboard update, wallet movement, governance vote, or exchange notice to decide whether the angle grows into something bigger.
This article is based on information from Circle.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum Foundation nasadila AI agenty proti kódu Etherea a odhalila chybu v P2P vrstvě, která už byla opravena a zveřejněna jako CVE. Zároveň zvýšila bug bounty pro kritické protokolové zranitelnosti z 250 000 USD na 1 000 000 USD.
AI Agents Enter the Security LabThe @ethereumfndn security team has been running coordinated AI agents directly against Ethereum's core protocol code, and the experiment has produced tangible results. Among the confirmed findings was a flaw at the peer-to-peer (P2P) network layer, which has since been patched and publicly disclosed as a CVE. The Ethereum Foundation published a detailed account of the exercise on its blog on July 9, 2026.
The effort is part of a broader push to harden Ethereum's Layer 1 infrastructure ahead of a busy period of protocol upgrades. The Foundation has also been funding AI-powered protocol security research through its grants program, which aims to move tooling beyond basic static analysis into protocol specification auditing and active vulnerability detection.
The Signal-to-Noise ProblemThe more instructive finding, however, was not the bugs themselves. It was the volume of noise that surrounded them. The AI agents produced a large number of confident-sounding reports, and the majority turned out to be wrong, duplicated, or pointing to code paths that are unreachable in practice.
That dynamic is not unique to Ethereum. Across the broader security industry, AI-assisted discovery is driving a sharp rise in reported vulnerabilities, but the subset that genuinely requires action remains far smaller. The challenge has shifted from finding bugs to sorting them. Triage, validation, and response are now the bottlenecks, and human capacity for that work remains limited.
The lesson from the Ethereum Foundation's exercise reflects that reality. AI can scan a codebase at a scale no manual team could match, but the credibility of any finding still depends on an experienced human reviewer at the end of the pipeline. Getting that balance right will likely define how effective AI-assisted security becomes across the broader blockchain ecosystem.
Separately, the Foundation raised its maximum bug bounty from $250,000 to $1,000,000 for critical protocol vulnerabilities, with reports acknowledged within 48 hours and an initial assessment completed within one week. That expanded program signals how seriously the Foundation is treating protocol security as a strategic priority.
Sources:
Ethereum Foundation Blog: Triage Is the Product
Ethereum Foundation ESP: AI-Powered Protocol Security Research Grant
Ethereum Foundation Bug Bounty Raised to $1 Million
Výzkum Etherea navrhuje nativní UTXO pro jednoduché platby, což by podle studie mohlo snížit trvalý stav o zhruba 99,8 %. Charles Hoskinson tvrdí, že na tomto modelu pracuje už přes deset let, přičemž Cardano s plnou funkcionalitou eUTXO spustilo až s upgradem Alonzo v září 2021.
In This Article What the Ethereum Paper Actually ProposesHoskinson's Prior Art ArgumentCardano Community Reaction and the Convergence ArgumentLeios and What Comes Next for Cardano Ethereum researchers have published a paper proposing native UTXO (Unspent Transaction Output) support for the network’s execution layer, and Cardano founder Charles Hoskinson responded on X with a pointed claim: Cardano has been running this model for over a decade, and Ethereum is arriving late without acknowledgment.
In a July 7 tweet, Hoskinson said: “It’s not like I’ve been literally working on this topic for over 10 years of my life and launched a cryptocurrency that was number three on CoinMarketCap with millions of users to deploy it.”
This war of words between Cardano and Ethereum comes as ADA is outperforming ETH on the day, up +0.7% over the past 24 hours, compared to Ethereum’s +0.4% over the same timeframe.
It's not like I've been literally working on this topic for over 10 years of my life and launched a cryptocurrency that was number three on coinmarketcap with millions of users to deploy it. It's literally a crime in the Ethereum inner circles to mention Cardano. EUTXO is the… https://t.co/3F3l6cg0JE
— Charles Hoskinson (@IOHK_Charles) July 7, 2026
What the Ethereum Paper Actually Proposes The research document identifies a structural cost in Ethereum’s account model: every time a new address receives ETH or an ERC-20 token for the first time, it generates permanent state storage that accumulates indefinitely as the user base grows.
The paper proposes using native UTXOs specifically for simple payment transactions that do not require persistent account storage, projecting a roughly 99.8% reduction in permanent state for those payments.
The key mechanical distinction is that a UTXO is created once, spent once, and then removed. It leaves no residual footprint on the network’s state. Critically, the proposal does not replace Ethereum’s existing account model; smart contract activity would continue operating exactly as it does today.
This is a targeted patch for a specific scalability problem, not a wholesale architectural shift. The paper has not been formalized as an Ethereum Improvement Proposal (EIP) and carries no confirmed implementation timeline.
Double top or Double bottom
Which one will play out for $ETH? pic.twitter.com/L3arwnGl3I
— Ted (@TedPillows) July 9, 2026
Hoskinson’s Prior Art Argument Hoskinson stated on X that he has spent over ten years developing Cardano’s eUTXO (Extended Unspent Transaction Output) model, which showcases a scalable proof of concept.
Unlike Bitcoin’s UTXO, Cardano’s design incorporates datums, redeemers, and script context, allowing smart contracts to function as deterministic local state machines without needing to access the global blockchain state.
This determinism is key, as a transaction’s validity relies solely on its inputs, leading to predictable fees and enhanced parallelism across UTXO sets, while minimizing front-running risks.
Hoskinson highlighted that Cardano achieved the third position on CoinMarketCap, with millions of users testing this model’s viability.
It’s important to note that the ten-year timeline pertains to research and design, while Cardano’s smart contract functionality, fully utilizing eUTXO, launched with the Alonzo upgrade in September 2021 and was developed through IOHK’s research pipeline.
(SOURCE: DefiLlama)
DISCOVER: Best Meme Coin ICOs to Invest in 2026
Cardano Community Reaction and the Convergence Argument Dori, a figure in the Cardano community, asserted that Ethereum’s permanent state growth creates structural weaknesses by increasing node storage costs and concentrating validation power.
He linked Ethereum’s account model to issues like MEV, reentrancy attacks, and limits on parallel transaction processing, suggesting that eUTXO design effectively addresses these problems.
From a neutral perspective, both Ethereum and Cardano tackle similar challenges of state locality and transaction processing, albeit through different approaches. Other projects, like Ergo and Nervos CKB, have also adopted UTXO-style models.
The debate over blockchain architecture focuses on trade-offs relevant to specific use cases. Meanwhile, Ethereum’s account model offers an advantage in synchronous DeFi composability, which is crucial for complex multi-step financial transactions.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
Leios and What Comes Next for Cardano $ADA Big rally the past week and the stand-out within the majors.
Usually coins like these moving does tend to be a decent sign for overall altcoin risk appetite, but I'd want to see a follow up leg to properly confirm this.
One leg up is generally met with a decent amount of… pic.twitter.com/0iUDYQF0Xt
— Daan Crypto Trades (@DaanCrypto) July 6, 2026
The debate lands at a moment when Cardano is pursuing its most significant throughput upgrade yet. Hoskinson has said the planned Leios upgrade could increase Cardano’s transaction throughput by up to 60 times, a level he argues would put the network’s processing speed on par with the XRP Ledger.
He also flagged that progress depends on governance approval from the Cardano community, introducing a procedural dependency that makes the timeline uncertain.
If Leios delivers on that projection, it would substantially close the performance gap that has historically been cited as a constraint on ADA-based DeFi adoption.
Whether Ethereum’s native UTXO research ever moves from paper to protocol, the conversation it has sparked is already doing work, forcing a precise comparison of two mature blockchain architecture philosophies that have been talking past each other for years.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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Wells Fargo v SEC přiznala masivní expozici vůči Bitcoinu, ETH a Solaně prostřednictvím ETF i akcií. Nejvíce zvýšila podíl ve společnosti Strategy (MSTR) o 125 % na téměř 726 000 akcií.
Wall Street giant Wells Fargo revealed massive crypto holdings via exchange-traded funds (ETFs) and stocks. The banks revealed exposure to Bitcoin, Ethereum (ETH), Solana, Strategy (MSTR), Bitmine (BMNR) and other crypto stocks.
Wells Fargo Reveals Bitcoin, ETH, Solana ETFs Exposure In its latest SEC filing, $2.5 trillion AUM Wells Fargo disclosed 6.5 million shares in BlackRock Bitcoin ETF (IBIT). It also revealed a new call position and an increase in put position in IBIT amid growing uncertainty during the US-Iran war.
IBIT holdings dropped by 75,102 shares compared to the Q4 quarter. Moreover, the Wall Street giant cut its exposure to the Invesco Galaxy Bitcoin ETF (BTCO), Ark 21Shares Bitcoin ETF, and the Fidelity Bitcoin ETF (FBTC).
While Wells Fargo decreased holdings in IBIT, Bitcoin exposure increased in Grayscale Bitcoin Mini ETF, Bitwise’s BITB, and GBTC. Notably, BITB holdings climbed 24% quarter-on-quarter.
Meanwhile, Wells Fargo boosts Ethereum ETF holdings with a 65% rise in BlackRock Ethereum ETF (ETHA) shares. The bank now holds more than 1.10 million ETHA shares worth $17.56 million.
In addition, the banking firm holds 257,157 Bitwise Ethereum ETF, 4,637 Grayscale Ethereum Staking ETF, and 623 VanEck’s ETHV shares.
Also, Wells Fargo disclosed new exposure to Solana ETFs. It scooped 13,280 in Grayscale’s GSOL and 1,638 in Fidelity Solana Fund (FSOL).
Holding in Strategy’s MSTR, Bitmine, and other Crypto Stocks On the crypto stocks side, Wells Fargo significantly ramped up its position in Michael Saylor’s Strategy (MSTR). The bank boosted its MSTR shares by 125% to almost 726,000 shares, adding an estimated $41.5 million in exposure. Notably, Strategy plans sell Bitcoin, but Grayscale claims Strategy’s Bitcoin sales are good for markets.
It also revealed new holdings in the Trump family’s American Bitcoin Corp (ABTC) and Strive (ASST). This move highlights a preference for established Bitcoin treasury companies over direct mining or trading firms.
The bank significantly increased its holdings in Bitmine Immersion’s BMNR from 2,323 to 21,547 stocks. This makes an 828% rise in Ethereum treasury exposure to $426K.
Robinhood (HOOD) shareholdings jumped from 65% to 2.56 million shares. Wells Fargo also opened put option positions for almost $116K. As CoinGape reported earlier, Robinhood CEO Vlad Tenev sold HOOD shares earlier this week.
In contrast, the bank sharply reduced its stake in Galaxy Digital by about 97% and 25% in Coinbase (COIN). This signals a strategic shift away from certain crypto stocks.
Also Read: 11 Best Crypto Copy Trading Platforms in July 2026
Robinhood Chain na Uniswapu za 24 hodin dosáhl objemu obchodů 500 milionů USD, což je nejvyšší objem mezi nasazenými sítěmi mimo Ethereum mainnet. Síť se spustila teprve před několika dny.
Robinhood (@RobinhoodCrypto) Chain has rapidly established itself as a major force in decentralized finance, recording $500 million in 24-hour trading volume on Uniswap (@Uniswap) on July 8. The milestone makes it Uniswap's highest-volume deployment outside of Ethereum mainnet, just days after going live.
A Fast Start for a New Chain Robinhood Chain launched its public mainnet on July 1, 2026, built on the Arbitrum (@arbitrum) technology stack with 100-millisecond block times. The chain is designed for tokenized real-world assets and 24/7 financial services, with Stock Tokens tracking listed equities such as NVIDIA, Alphabet, and Apple available through Robinhood Wallet in more than 120 countries. The volume figure on July 8 was roughly 10 times higher than what the chain recorded the previous day, pointing to a sharp acceleration in user activity.
Trading was driven by a mix of wrapped Ethereum (WETH), memecoins, and tokenized stocks. Uniswap deployed all of its major protocol versions from day one, including v2, v3, v4, and UniswapX, establishing itself as the chain's primary automated market maker from the outset. According to the official Uniswap blog, Uniswap serves as the primary public AMM on Robinhood Chain with support across the Uniswap web app, wallet, and API from launch day.
Broader Context The launch is part of a wider push by Robinhood into on-chain financial infrastructure. Alongside Uniswap, day-one ecosystem partners include Chainlink for oracle infrastructure, as well as Alchemy and BitGo for additional DeFi services. The chain also introduced Robinhood Earn, a lending product targeting an estimated 7% APY on dollar-backed USDG, built on the Morpho protocol.
For Uniswap, the deployment adds another revenue-generating venue to its growing multi-chain footprint. The $UNI token rose between 11% and 14% around the time of the chain's launch as traders priced in higher protocol usage.
The key question going forward is whether the chain can sustain meaningful volumes beyond its launch week. The $500 million single-day figure is notable, but longer-term activity levels and total value locked will be more telling indicators of whether Robinhood Chain becomes a durable fixture in DeFi.
Sources:
Uniswap Blog: Uniswap is Live on Robinhood Chain
Robinhood Newsroom: Robinhood Chain Mainnet Launch
Crypto Briefing: Robinhood Chain Hits $500M in 24-Hour Uniswap Volume
Ethereum od začátku července vzrostl asi o 10 %, ale momentum slábne a Binance drží o 221 000 ETH více. Spotové ETF v USA přidaly za čtyři dny 91,5 milionu USD.
Key Highlights Ethereum has rallied approximately 10% throughout July, yet underlying demand signals remain subdued Binance holdings expanded by 221,000 ETH from late June onward, adding to tradable inventory Large holder transaction volumes have fallen to “Whale Left” territory according to CryptoQuant metrics Spot Ethereum ETFs in the United States recorded consecutive inflows over four sessions, accumulating $91.5 million A decisive move above $1,803 resistance (the 50-day EMA) is necessary for ETH to target $2,400 Ethereum has managed to climb roughly 10% since July began, yet the upward momentum appears increasingly precarious. Evidence from various market indicators suggests buyer participation exists but lacks conviction.
Ethereum (ETH) Price The Net Unrealized Profit/Loss (NUPL) indicator has improved from -0.46 to -0.30, signaling that while holders remain underwater on their positions, losses have contracted somewhat compared to previous levels.
Spot Ethereum exchange-traded funds in the United States experienced their first streak of positive net flows since early May, recording four straight days of capital entry. SoSoValue data confirms these combined inflows reached $91.5 million.
While encouraging on the surface, historical patterns indicate sustained ETF capital influx over extended periods is required to catalyze significant price appreciation. Current activity falls short of that threshold.
Crypto analyst Ash Crypto noted on X that ETH has retreated 6% from recent peaks following rejection at the 50-day moving average. He highlighted critical support zones at $1,670 and $1,500, emphasizing that reclaiming the MA 50 and breaking through $1,850 are essential steps toward reaching $2,400.
$ETH down 6% from recent high after rejection from resistance and the daily MA 50.
Next Supports:
– $1,670
– Strong support at $1,500
ETH needs to jump back above the MA 50 and $1,850 for further bullish momentum toward $2,400. pic.twitter.com/eCWlrcEBhO
— Ash Crypto (@AshCrypto) July 8, 2026
Large Holder Activity Contracts Data from CryptoQuant reveals that average whale transaction size declined from approximately 1,500 ETH per trade in mid-May to roughly 1,000 ETH currently, entering territory the analytics platform designates as “Whale Left.”
This retreat by institutional and high-net-worth participants reduces the volume of substantial orders flowing through markets. The resulting environment leaves pricing more vulnerable to smaller transactions, potentially amplifying near-term price swings.
Addresses containing between 10,000 and 100,000 ETH did absorb approximately 100,000 ETH during the previous week. However, total balances in this cohort have remained essentially unchanged across the past three weeks, indicating accumulation has not intensified.
Growing Supply on Trading Platforms Binance’s Ethereum reserves expanded from 3.64 million ETH to 3.87 million ETH since late June concluded—a notable addition of 221,000 ETH representing one of the more substantial reserve buildups observed in recent months.
Source: CryptoQuant Expanding exchange inventories signal greater availability of ETH for immediate market transactions. While this doesn’t guarantee imminent selling, it introduces additional supply-side pressure into a market already demonstrating fragility.
The Coinbase Premium Index, which measures sentiment among United States-based traders, has recovered from -0.169 to -0.076. Despite improvement, the negative reading indicates American buyers continue transacting at discounts relative to international markets.
ETH currently trades in the $1,740 to $1,777 range, maintaining position above the 20-day EMA situated at $1,714. Open interest in derivatives markets has remained stagnant, suggesting leveraged participants are adopting a wait-and-see approach.
On July 8, spot Bitcoin ETF flows in the United States returned to negative territory, with ETFs seeing net outflows of 84.86 million dollars for the day. Despite some modest signs of recovery earlier in the week, the numbers revealed that institutional investors remain cautious when it comes to Bitcoin.
Divergence between Bitcoin and Ethereum funds widensOn the same day, spot Ethereum ETFs attracted 70.48 million dollars in net inflows, extending their positive streak to five consecutive trading days. Recent data indicates that, at least in the short term, institutional capital is showing greater interest in Ethereum than in Bitcoin.
Data for July 8 shows net outflows of 84.86 million dollars from spot Bitcoin ETFs, contrasted by inflows of 70.48 million dollars into spot Ethereum ETFs. Notably, Ethereum has now logged five straight days of positive inflows.
An ETF, or exchange-traded fund, allows investors to gain exposure to an asset’s price movements without holding the asset directly. Spot ETFs, as distinct from futures-based products, track the real-time market price of the underlying asset rather than derivatives contracts.
Bitcoin fund weakness persists following last week’s routThe recent trend in Bitcoin investment products has already been under considerable strain. Cumulative net outflows from spot Bitcoin ETFs exceeded 526 million dollars last week. Though there were several days of inflows that briefly slowed the exodus after a historically weak period, the renewed pullback on July 8 suggests that many investors are reluctant to re-enter the market with confidence.
Volatility in Bitcoin has been fueled by ongoing macroeconomic uncertainty. Shifting interest rate expectations, global geopolitical tensions, and changing risk appetites are among the key drivers of ETF flows in recent weeks.
Institutional interest in Ethereum gathers momentumEthereum has shown stronger momentum with institutional inflows over the last week. The latest 70.48 million dollar addition builds on a series of consecutive positive days, indicating that, despite market volatility, some investors are carving out larger positions in ETH.
Market participants cite Ethereum’s expanding role in tokenization, decentralized finance (DeFi), and institutional blockchain infrastructure as key factors fueling demand. The growing interest from asset managers in Ethereum-based products is helping to sustain inflows even as Bitcoin funds experience turbulence.
Spot ETF movements continue to be one of the most closely watched indicators for measuring institutional sentiment toward digital assets.
ETF flows offer insight into market directionSpot ETF figures have become a crucial barometer for reading how professional investors view digital assets. Robust inflows are often interpreted as a sign of growing confidence, while sustained outflows point to a defensively oriented market stance.
Though Bitcoin ETFs posted another day of net outflows, the retreat was less dramatic than in previous weeks, suggesting that selling pressure may be stabilizing rather than intensifying. In contrast, Ethereum’s five-day inflow streak reveals that capital is being selectively deployed into areas perceived to offer more compelling short-term opportunities.
With Bitcoin trading around 62,000 dollars, ETF flows are expected to remain a leading indicator of institutional participation in the ever-sensitive and rapidly shifting crypto market in the weeks ahead.
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.
Krypto uživatel přišel o 999 999 USDT poté, co schválil škodlivou transakci na síti Ethereum, která útočníkům umožnila vybrat téměř celý zůstatek peněženky.
A crypto user has lost nearly $1 million after approving a malicious Ethereum transaction that gave scammers access to drain almost the entire wallet balance, adding to hundreds of millions of dollars in phishing losses recorded this year.
Summary
A crypto user lost nearly $1 million after approving a malicious Ethereum transaction that allowed scammers to drain the wallet. Phishing scams caused $723 million in losses across 248 incidents in 2025 as approval based attacks continued targeting crypto users. The latest theft follows another multimillion dollar onchain loss, highlighting separate risks from phishing approvals and flawed transaction routing. According to blockchain security platform Scam Sniffer, the victim lost 999,999 Tether (USDT) in an Ethereum phishing token approval scam on Wednesday after signing a malicious approval request.
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) July 9, 2026 On-chain data showed the attackers first attempted to withdraw a rounded $1 million through multicall transactions, but the transfer failed because the wallet held slightly less than that amount.
Seconds later, the attackers adjusted their script and successfully withdrew the wallet’s exact remaining balance.
“The script recalculated and pulled the exact remaining balance,” Scam Sniffer said.
Phishing approvals continue draining crypto wallets Security researchers say approval phishing remains one of the most common social engineering attacks in crypto because users unknowingly grant unlimited spending permissions while believing they are approving a harmless transaction.
According to blockchain security firm CertiK, phishing scams caused $723 million in losses across 248 incidents during 2025. In these attacks, victims are typically tricked into signing malicious token approvals, allowing attackers to move funds from their wallets without requiring another signature.
The latest incident follows another major wallet compromise reported earlier this month. In that case, a crypto holder lost about $1.65 million after connecting to a fake exchange and signing a malicious smart contract.
“The approval gave attackers unlimited access, enabling an automated sweeper to drain funds,” researcher Ryan Coleman said on Friday.
A wallet holder lost $1.65M after connecting to a fake exchange and signing a malicious contract. The approval gave attackers unlimited access, enabling an automated sweeper to drain funds. Always verify contracts and revoke unused token approvals. pic.twitter.com/MbwJx2CHSe
— Ryan C. Coleman (@RyanColeXBT) July 3, 2026 The latest phishing loss comes only days after another high-profile onchain incident highlighted a different risk facing crypto users. Earlier this week, a trader lost nearly $2 million after a decentralized exchange routed an Ether swap through a low-liquidity pool, allowing a same-block arbitrage trade to extract most of the transaction’s value.
According to GoPlus Security, the loss was caused by transaction routing rather than phishing, prompting researchers to urge users to review execution paths carefully before confirming onchain transactions.
Scam Sniffer advised users to carefully review every signature request, avoid rushing approvals and use scam detection tools or browser extensions before signing wallet transactions.
Aptos zpracoval přes 16 milionů transakcí za jediný den, což je jeho nejvyšší denní objem v tomto čtvrtletí. I přes desetinásobné zvýšení poplatků za gas zůstaly průměrné náklady na transakci na 0,0005 USD.
Aptos just posted its biggest single-day transaction count of the quarter. The Layer-1 blockchain processed over 16 million transactions in a single day in early July, a number that doubles as evidence that its April governance overhaul is doing exactly what it was designed to do.
That governance upgrade was, frankly, a big deal. Aptos raised gas fees tenfold, instituted a hard supply cap of 2.1 billion APT, cut staking rewards, and mandated that 100% of transaction fees be burned. The Aptos Foundation also permanently locked 210 million APT.
The numbers behind the milestone Despite the tenfold gas fee increase, average transaction costs held at $0.0005.
In June 2026, Aptos recorded 83.7 million transactions in a single week, its strongest weekly performance of the year.
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The token burn numbers are becoming material. In the 30 days leading up to this report, 235,200 APT were burned. Since the mainnet launched in October 2022, cumulative burns have reached 1.4 million APT.
Monthly emissions from staking sit at roughly 1.6 million APT. The current burn rate is offsetting approximately 15% of that.
Staking rewards were also trimmed as part of the April upgrade, coming down to approximately 2.6%.
Why the governance changes matter beyond the headline The April 2026 upgrades essentially borrowed a page from Ethereum’s EIP-1559 playbook, where base fees are burned rather than paid to validators or a treasury, creating a direct mechanical link between network demand and token supply reduction.
The hard cap of 2.1 billion APT puts a ceiling on total supply that did not exist before. Combined with the Foundation’s decision to permanently lock 210 million APT, the circulating supply trajectory has changed in a way that is difficult to reverse.
Aptos launched its mainnet in October 2022 with a Move programming language and a parallel transaction execution model. The April governance vote addressed the economic side of that equation.
What investors should watch from here Monthly emissions of 1.6 million APT remain higher than the current burn rate, meaning the net supply is still growing. The crossover point, where burns exceed new issuance, depends entirely on sustained or growing transaction volumes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Ethereum Institutional vznikla jako nezávislá nezisková organizace, která má usnadnit bankám a správcům aktiv budování na síti Ethereum. Ethereum zároveň drží 53 % trhu tokenizace reálných aktiv a 161 až 180 miliard USD ve stablecoinech.
Ethereum just got its own lobbying arm for the suit-and-tie crowd. On July 1, Ethereum Institutional launched as an independent nonprofit designed to do one thing: make it easier for banks, asset managers, and financial giants to build on Ethereum’s blockchain.
The organization is funded by contributors including Bitmine Immersion Technologies, Sharplink, and Ethereum co-founder Joseph Lubin. Its board features Thomas Lee of Bitmine, Joseph Chalom of Sharplink, and Executive Director David Walsh. The mission is straightforward: take the institutional engagement work previously scattered across the Ethereum Foundation and consolidate it under one roof with a broader global mandate.
The numbers behind the push Ethereum currently holds between $161 billion and $180 billion in stablecoins, representing over 50% of the global supply. In the world of real-world asset tokenization, where traditional financial instruments get minted as blockchain tokens, Ethereum commands roughly 53% market share.
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Ethereum Institutional claims connections with over 500 institutions and has hosted what it calls the Institutional Ethereum Forum, a gathering of executives collectively managing around $250 trillion in assets under management.
Who’s already building BlackRock has deployed over $122 million in AUM through on-chain products via Securitize, built on Ethereum’s infrastructure. Visa has been experimenting with Ethereum-based settlement. Coinbase, already one of the largest crypto exchanges globally, continues to expand its Ethereum-native products and services.
The network itself has been running without interruption for over a decade now.
Complementing the Ethereum Institutional launch are other recent ecosystem developments. Ethlabs, a separate entity focused on research and development, has been established to handle the technical side. Ethereum’s protocol has also undergone significant upgrades in 2026, including the Glamsterdam and Hegota updates, which have improved network performance and scalability.
What this means for investors When institutions tokenize real-world assets on Ethereum, they need ETH for gas fees. When stablecoin issuance grows on the network, it deepens Ethereum’s liquidity moats. Every new institutional product built on the chain creates structural demand for the underlying infrastructure.
Ethereum’s 53% share of RWA tokenization and its dominance in stablecoins suggest that institutions prioritize security, liquidity, and track record over raw speed.
Traders and long-term holders should monitor stablecoin supply growth on Ethereum as a leading indicator. If Ethereum Institutional succeeds in its mission, the $161 billion to $180 billion in stablecoins currently on the network could grow substantially.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SharpLink získal za týden končící 5. července 449 ETH na stakingových odměnách a drží celkem 887 174 ETH. Od spuštění strategie už na stakingu vydělal 22 991 ETH.
SharpLink (Nasdaq: SBET) pulled in 449 ETH in staking rewards for the week ending July 5, 2026. That brings the company’s total Ethereum stash to 887,174 ETH, a pile worth well over $2 billion at current prices and growing larger every single week.
Here’s the thing about SharpLink: it’s essentially turned itself into a publicly traded Ethereum staking machine. And unlike buying an ETH ETF, this one actually generates yield.
The numbers behind the staking engine Since launching its Ethereum-focused treasury strategy on June 2, 2025, SharpLink has accumulated 22,991 ETH purely from staking rewards. That’s ETH earned just by locking up existing holdings and validating transactions on the network.
The company stakes nearly 100% of its ETH through institutional partners Liquid Collective and Figment. A portion of the company’s assets has also been deployed to Linea, an Ethereum Layer 2 network, as part of a broader yield diversification strategy.
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The 449 ETH earned this week translates to roughly a 2.6% annualized yield on the total holdings, which tracks closely with typical Ethereum staking returns.
From gaming company to Ethereum treasury vehicle If you’re wondering how a company called “SharpLink Gaming” ended up holding nearly 900,000 ETH, the answer is a dramatic corporate pivot. The company rebranded in February 2026 to ditch the gaming association entirely and lean fully into its identity as an Ethereum treasury company.
The playbook should look familiar. It’s the same strategy MicroStrategy pioneered with Bitcoin, just applied to Ethereum with an added twist: staking yield. While MicroStrategy’s Bitcoin sits in cold storage generating zero passive income, SharpLink’s ETH actively earns rewards by participating in network validation.
That distinction matters. Traditional ETH exchange-traded products, including spot ETH ETFs, don’t offer staking rewards to holders due to regulatory constraints. SharpLink has positioned itself as the workaround: buy the stock, get exposure to ETH plus the yield that ETFs can’t touch.
The market has noticed. Institutional ownership climbed to 46% by late 2025. The Russell index inclusion in June 2026, when SharpLink was added to both the Russell 2000 and Russell 3000, likely accelerated that institutional buying as index funds were forced to pick up shares.
The discount problem investors should understand SharpLink shares have displayed significant volatility and frequently trade at a discount to the company’s net asset value calculated from its ETH holdings. In simple terms: if you add up all the ETH SharpLink owns and multiply by the current ETH price, the number you get is higher than what the stock market says the company is worth.
Because SharpLink’s value is almost entirely tied to ETH’s price, the stock amplifies Ethereum’s moves. When ETH drops 5%, SBET might drop 7% or 8% as the discount widens.
The 22,991 ETH in cumulative staking rewards since launch is real yield generated from a real on-chain activity. For investors weighing SBET against alternatives, the calculus comes down to whether the staking yield premium, roughly 2-3% annually, compensates for the risks of holding a small-cap equity instead of the underlying asset directly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave DAO schválila nativní nasazení GHO na Arbitrum, což má rozšířit stablecoin mimo původní prostředí a posílit jeho distribuci. Arbitrum mu otevře přístup k širší DeFi likviditě.
Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosystems.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
For more details, visit the official Governance platform.
TL;DR Aave DAO approved a proposal to deploy GHO natively on Arbitrum.The plan expands GHO beyond its original environment and deepens Aave’s stablecoin strategy.The move shows DeFi protocols are still trying to solve cross-chain liquidity and distribution. Why Arbitrum matters for GHO Stablecoins live or die on usefulness. If GHO is going to compete for real DeFi activity, it needs to be available where borrowing, lending, and trading already happen. Arbitrum gives it access to a deeper layer-2 user base and more places where liquidity can circulate.
The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
The Market Read Explain the Chainlink CCIP role without making it too technical.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For DeFi readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from governance.aave.com.
This article was written by the News Desk and edited by Samuel Rae.
Výzkumníci z Ethereum Foundation navrhují EIP-8141 s „Frame Transactions“, které by mohly u základních převodů snížit nárůst dat až o 99,8 %. Návrh je nyní ve fázi „Strawman“ diskuse.
Developers within the Ethereum Foundation are exploring a new approach to slow down the rapid growth of data on the network. Researcher Toni Wahrstatter has suggested integrating certain elements of the UTXO (Unspent Transaction Output) model into Ethereum. This concept mirrors aspects of the architecture that Cardano has successfully used for years.
Reducing data load is at the core of the proposalThe main challenge Ethereum faces stems from its account-based structure, which requires every wallet’s balance to be persistently stored as active data. Even when a transaction occurs only once, these records continue to occupy space on the blockchain’s memory. Through Ethereum Improvement Proposal (EIP) 8141, Wahrstatter has introduced the idea of ‘Frame Transactions’ that would make simple payments single-use.
Under this system, transaction details would be validated from historical blockchain records only when needed. In active memory, a single bit would indicate whether a transaction output has been spent. Wahrstatter estimates that this framework could reduce unnecessary data growth from basic transfers on Ethereum’s base layer by as much as 99.8%.
Mini glossary: UTXO stands for unspent transaction output, a model where each new payment consumes a previous unspent output. eUTXO is an extended version, adapted by Cardano to allow for more advanced features like smart contracts.
Wahrstatter’s proposal aims to make simple payments single-use, which he believes would cut data growth on the base layer by 99.8%.
The proposal has entered the initial “Strawman” discussion phase within the Ethereum community, with Vitalik Buterin among those following the developments. However, implementing such a change would require not only a technical assessment but also a thorough evaluation for compatibility with existing applications.
Hoskinson criticizes with accusations of hypocrisyCharles Hoskinson, founder of Cardano, responded sharply to these developments. Hoskinson parted ways with Ethereum in 2014 following disagreements with Vitalik Buterin, particularly regarding the network’s commercial direction and long-term architectural roadmap.
Hoskinson believes that within the Ethereum ecosystem, there remains an unspoken taboo against acknowledging his contributions.
For Hoskinson, this debate is not just technical but also symbolic. From day one, Cardano was designed around the Extended UTXO—eUTXO—model to address scaling challenges. Ethereum, on the other hand, has long championed the account-based system as the opposite approach.
Technical overlaps raise new risksThe UTXO model is historically associated with Bitcoin, which operates mainly as a value transfer system with limited capacity for smart contracts. Cardano extended the same logic to create a more flexible infrastructure for complex applications.
Ethereum researchers now considering features inspired by this model to tackle memory constraints is, in some quarters, seen as indirect validation of solutions pioneered elsewhere. Still, merging two disparate architectures is no small feat. Such a hybrid approach could create compatibility risks for the many DeFi applications currently operating on Ethereum.
This means Ethereum now faces two main options: either continue to manage its growing database as is, or pursue a hybrid solution involving a more radical architectural shift.
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.
Tether spálil na síti Ethereum 2,5 miliardy USDT, což je jedno z největších jednorázových spálení za poslední měsíce. Zároveň klesly toky USDT přes Tron kanál Binance na zhruba 860 milionů.
Tether burned 2.5 billion USDT on the Ethereum network, marking one of the largest stablecoin supply reductions in recent months. According to CryptoQuant data, this was the largest single-day Ethereum-based USDT burn since the 3.5 billion USDT burn on February 10th.
Another notable development in the market was the sharp drop in USDT balances flowing in and out of Binance via the Tron network. According to the data, the USDT balance circulating through Binance’s Tron channel fell to approximately $860 million.
This level is the lowest recorded since the $391 million low seen on December 29, 2025. It also marks the first time in a long time that the balance has fallen below $1 billion.
Analysts note that Tether’s large-scale burn on Ethereum should not be interpreted as a direct signal regarding market direction.
Stablecoin issuers typically conduct such operations for purposes such as investor repayments, treasury management, reserve optimization, or cross-chain liquidity balancing. Therefore, the burning data alone may not necessarily indicate an expected rise or fall in the market.
However, it is noted that the decrease in the USDT supply on Ethereum and the simultaneous contraction of USDT liquidity in Binance’s Tron channel should be considered together. According to experts, the simultaneous occurrence of these two developments could send important signals, especially regarding exchange-based stablecoin flows and cross-chain liquidity distribution.
In the cryptocurrency market, stablecoin movements are closely watched as they offer important clues about investor behavior, exchange liquidity, and overall risk appetite. These recent developments involving Tether have also caught the attention of market participants.
*This is not investment advice.
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$111 Million in ETH Lands on CoinbaseA wallet believed to be connected to CoinShares, the European digital asset investment firm, has deposited 63,000 $ETH valued at approximately $111 million to Coinbase, according to on-chain analytics platform Lookonchain. The transfer was flagged on July 8, 2026, and quickly drew attention from market watchers tracking large institutional flows.
Deposits of this size to a major exchange typically raise questions about intent. Lookonchain, which monitors on-chain wallet activity in real time, identified the sending address as one possibly associated with CoinShares, though the firm has not publicly confirmed the transfer or its purpose.
Sale Speculation, But No ConfirmationThe movement has fueled speculation that a significant sell order could follow. However, no sale has been confirmed. Large transfers to exchanges do not always precede disposals. As industry observers note, institutional players often route assets to exchange wallets for settlement, rebalancing, or custody management rather than outright liquidation.
CoinShares is one of Europe's largest regulated digital asset managers, offering a range of crypto exchange-traded products. Transfers of this scale from asset managers can reflect routine operational activity, such as meeting redemptions from an investment product, rather than a directional market call.
For now, the transfer remains unconfirmed in terms of its purpose, and the broader market context will determine whether any follow-on selling pressure materialises. Traders and analysts will be watching Coinbase order flow closely in the hours ahead for any sign of a large $ETH sale.
Sources:
Lookonchain: On-chain analytics and whale tracking
CoinShares: Official website
XRP na Upbit v Koreji předstihl Bitcoin i Ethereum s 24hodinovým objemem 52,33 mil. USD, zatímco Bitcoin měl 42,14 mil. USD a Ethereum 24,30 mil. USD. Zároveň XRP za posledních 24 hodin oslabilo o 1,4 % na 1,13 USD.
In This Article Korea's XRP Ripple Premium Is Structural, Not AccidentalWhale Activity and Exchange Outflows Back the Retail StoryXRP Price Context: Recovery in Progress, Global Volume Softer XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue.
Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished second and third.
(SOURCE: CoinGecko)
The gap matters because Bitcoin and Ethereum represent the default institutional benchmarks for crypto demand. When XRP trading volume overtakes both on a major regulated exchange, it is a signal that Korean retail capital is rotating toward the token with intention, not just chasing a news headline.
Even with XRP dominating trading volume in South Korea, the token is trading at $1.13, down -1.4% over the past 24 hours, with overall daily trading volume at just over $1.71Bn.
Korea’s XRP Ripple Premium Is Structural, Not Accidental The current volume snapshot fits a pattern that has been building for years. According to Upbit’s own disclosure, XRP was the exchange’s largest digital asset by cumulative trading volume in 2025, surpassing $1 trillion in trading volume on the platform and exceeding Bitcoin’s total.
Ryan Yoon, an analyst at Tiger Research cited by Investing.com, attributes the sustained dominance to South Korean retail investors, particularly those in their 40s and 50s, rotating capital out of domestic and US equities and back into crypto, with XRP as their primary target.
Earlier this year, XRP trading volume on Upbit surged 289% in a single hour during a momentum window, compared to a 128% increase on Binance over the same period.
The divergence illustrates just how sensitive the Korean crypto market is to XRP price catalysts relative to global venues. PANews reports that approximately 15% of global XRP trading volume now originates from South Korea.
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Whale Activity and Exchange Outflows Back the Retail Story 🚨🚨🚨Something interesting is happening with $XRP liquidity.
Upbit just took the top spot in XRP trading volume, beating Binance, Coinbase, and every other global exchange on the heatmap.
Liquidity is positioning before headlines catch up.
Why is South Korea betting on $XRP? pic.twitter.com/OG61uKXEo1
— X Finance Bull (@Xfinancebull) March 8, 2026
The volume data is one half of the picture. The other is where the coins go after they are traded. In May, an unidentified investor withdrew 6.3 million XRP from Upbit in a single transaction.
Around the same time, on-chain data tracked by CoinGlass showed whale investors, large holders whose moves can shift market structure, pulled $135M worth of XRP off exchanges in a single week.
Exchange outflows, where coins move from trading platforms into private wallets, are a standard on-chain metric (a measure derived directly from blockchain transaction data) interpreted as accumulation rather than selling preparation.
Data from CoinGlass shows net XRP outflows from exchanges totaled $30.38M over the past seven days and $147.50M over the past month.
That combination, high spot trading volume on Upbit alongside sustained net outflows globally, suggests two distinct buyer cohorts: active Korean retail traders on one side and longer-horizon accumulators on the other.
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XRP Price Context: Recovery in Progress, Global Volume Softer The "3rd Retest" would be a gift 🎁 $XRP https://t.co/VaSUr4R1OR pic.twitter.com/kRbJ4Sc36Z
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 6, 2026
On the XRP Ripple price, the token bottomed at $1.01 during last month’s broader market selloff before recovering to approximately $1.14, a 12.87% rebound. Over the past week, it is up +8%, with a -1.4% loss in the most recent 24-hour window. XRP’s current market capitalization is roughly $77Bn, ranking it sixth among cryptocurrencies globally.
One counterpoint worth flagging: global XRP trading volume over the same 24-hour period fell 31% to approximately $1.21Bn. The strength on Upbit is therefore a Korean-specific phenomenon running against a softer global backdrop, not a uniform global surge.
That divergence reinforces the argument that domestic Korean crypto market dynamics, retail rotation, KRW liquidity depth, and Ripple’s longstanding relationships with Korean remittance providers are doing the heavy lifting.
Institutional demand is also building alongside the retail story. XRP-linked ETFs have attracted over $1.21Bn in cumulative inflows globally, according to data cited by TradingView, while Bitcoin and Ether spot ETFs recorded net outflows over the same period.
That institutional channel may eventually decouple XRP’s Korean spot activity from pure retail sentiment and anchor it to a broader demand base.
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Anchorage Digital přidává podporu pro Lido a dává institucím na své regulované platformě přímý přístup k wstETH. Klienti mohou razit i vykupovat zabalený stakovaný Ether bez přesunu aktiv mimo platformu.
Anchorage Digital, the operator of the United States’ federally chartered crypto bank, has added support for Lido, Ethereum’s largest liquid staking protocol. The move gives institutional clients direct, compliant access to wrapped staked Ether (wstETH) entirely within Anchorage Digital’s regulated platform, eliminating the need to move assets to external services.
Institutions can now connect straight to Lido’s decentralized application from Anchorage Digital to mint wstETH by depositing Ether or redeem it back into ETH. wstETH automatically accrues staking rewards from Ethereum’s proof-of-stake network while remaining fully liquid and transferable.
This solves several pain points of traditional ETH staking, including long unbonding periods, the operational burden of running validators, and capital that would otherwise sit idle.
The integration forms part of Anchorage Digital’s broader effort to deliver a complete suite of on-chain capabilities—staking, liquid staking, restaking, governance, and settlement—under institutional-grade custody and compliance controls.
Clients retain full oversight of their positions without introducing new counterparties or fragmenting their operational workflows.
For institutions, the primary advantages center on capital efficiency and flexibility. wstETH can serve as collateral in lending markets, participate in decentralized exchanges, or support cross-chain strategies without first unwinding a stake.
This allows sophisticated allocators to generate yield from Ethereum staking while keeping assets productive across multiple DeFi protocols.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, described liquid staking as one of the most important building blocks for institutional participation in Ethereum.
He stated that the Lido integration removes the operational and security compromises that have historically kept large investors on the sidelines, advancing the goal of making advanced on-chain infrastructure truly institution-ready.
Kean Gilbert, Head of Institutional Relations at the Lido Ecosystem Foundation, noted that institutional adoption succeeds when access aligns with how institutions actually operate.
He highlighted that bringing wstETH into a major U.S. regulated platform strengthens the role of stETH and the Lido protocol in professional Ethereum staking environments.
Anchorage Digital, founded in 2017 and based in San Francisco, operates under a federal banking charter and holds additional licenses in Singapore and New York (BitLicense).
The company is backed by investors including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, and carries an approximate valuation of $4.2 billion.
Its global footprint includes offices in New York, Singapore, Portugal, and South Dakota.
By embedding Lido’s liquid staking directly into a regulated custody environment, Anchorage Digital lowers barriers for institutions seeking Ethereum yield.
The development reflects the ongoing maturation of on-chain finance, where regulated platforms increasingly bridge traditional institutional requirements with the composability and efficiency of decentralized protocols. As more firms gain seamless access to products like wstETH, participation in Ethereum staking and related DeFi activities is expected to grow among professional allocators seeking both yield and operational simplicity.
Podle Santimentu jsou zásoby Bitcoinu a Etherea na burzách blízko historických minim, a to od roku 2017, respektive 2015. To naznačuje přesun do dlouhodobého držení, stakingu a DeFi.
Bitcoin and Ethereum supplies on exchanges are reported to be near their lowest levels since 2017 and 2015, respectively, according to Santiment. This development suggests a significant shift of these digital assets away from centralized platforms into long-term holdings, staking, and decentralized finance options. The decrease in exchange supplies could be indicative of reduced sell-side liquidity, potentially leading to increased price pressures if demand remains strong. Market participants appear to view this trend as consistent with long-term holding patterns and institutional accumulation.
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Key Takeaways Bitcoin and Ethereum exchange supplies are at historic lows, suggesting reduced sell-side liquidity. Market activity implies a shift toward long-term holding and institutional accumulation for both assets. Pricing suggests participants view this supply squeeze as potentially increasing upward price pressures on Bitcoin and Ethereum. What to Watch Market observers will be closely monitoring any changes in Bitcoin and Ethereum’s demand dynamics, as continued strong demand could amplify price increases. Key indicators include institutional investment flows, particularly through ETFs and staking platforms. Additionally, regulatory developments and technological upgrades within the Ethereum network could further impact market pricing, as seen with previous major updates such as The Merge.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.2% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 3% — — View market → December 31, 2026 4.2% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 11.5% — — View market → January 1 2027 17.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 67.6% — — View market → January 1 2027 11% — — View market → January 1 2027 3.9% — — View market → January 1 2027 22% — — View market → January 1 2027 44% — — View market →
Hodnota tokenizovaných reálných aktiv na síti Stellar přesáhla 3 miliardy dolarů. V tokenizovaných investičních strategiích aktiv má Stellar také nejvyšší distribuovanou hodnotu 620 milionů dolarů.
The total value of real world assets (RWAs) tokenized on the Stellar network has surpassed 3 billion dollars, according to the latest figures released by the RWA Foundation. This new milestone not only highlights the rising institutional interest but also points to increased on-chain adoption of the Stellar blockchain in bringing traditional assets to digital platforms.
A new threshold in institutional adoptionCrossing the 3 billion dollar threshold marks one of Stellar’s most significant breakthroughs to date. Data shows that this figure covers both the value of assets actively distributed on-chain and those represented digitally. The surge reflects a sharp acceleration in the tokenization of traditional financial products on Stellar, reinforcing the platform’s appeal as a blockchain of choice for major players seeking to digitize real-world assets.
Stellar, often compared to XRP Ledger, has carved out a strategic position by focusing on payment infrastructure, asset issuance, and tokenization. This technical direction has made Stellar a favored network for financial institutions aiming to bridge conventional assets with blockchain innovations. The growth is further supported by the Stellar Development Foundation, a nonprofit committed to advancing the platform’s capabilities globally.
Data from the RWA Foundation revealed that the value of on-chain real world assets on the Stellar network has breached the 3 billion dollar mark, representing a pivotal moment in the ecosystem’s evolution.
Rising to the top in tokenized investment strategiesStellar’s boom isn’t limited to overall RWA value. The network now holds the top spot in the category of value distributed in tokenized active investment strategies, reaching 620 million dollars. This reflects not only asset representation but a growing adoption of digital investment vehicles on the Stellar blockchain.
Setting itself apart from the competition, Stellar’s distributed value in this space outpaces leading rivals. Ethereum, for instance, claims second place with 342.9 million dollars, while Mantle and Avalanche lag behind at 113 million and 108.6 million dollars, respectively. These figures underscore Stellar’s growing clout among both institutional and retail investors seeking blockchain-based investment products.
NetworkDistributed ValueStellar620 million dollarsEthereum342.9 million dollarsMantle113 million dollarsAvalanche108.6 million dollarsStellar pulls ahead of Ethereum and SolanaThe ranking continues with Polygon at 82.3 million dollars, Arbitrum at 70.8 million, Monad at 61.3 million, Base at 40.4 million, and Plume Network at 36.9 million dollars. Solana trails with only 26.7 million dollars in distributed value, occupying a lower position on the list.
This landscape reveals that Stellar has overtaken even larger ecosystems like Ethereum and Solana specifically within the sphere of tokenized investment products. The platform’s recent gains signal a changing dynamic in the pursuit to bring real world assets into the blockchain space, intensifying the competition among major networks.
Stellar has surged ahead of rival networks in tokenized active investment strategies, boasting a distributed value of 620 million dollars.
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.
