Ripple (XRP) is regaining momentum, trading above $1.10 at the time of writing on Monday. This modest rebound mirrors the broader recovery observed across the cryptocurrency market.
Yet, the limited institutional demand and waning retail interest suggest that investors remain cautious, closely monitoring the ongoing geopolitical tensions in the Middle East. While the United States (US) has reiterated its commitment to negotiations and diplomatic solutions, market participants appear to be weighing these assurances against persistent uncertainties.
XRP investor participation declines as demand coolsInstitutional demand for XRP investment products continues to lag, as evidenced by subdued activity in spot Exchange-Traded Funds (ETFs) on Thursday. According to SoSoValue data, the remittance token also experienced approximately $7 million in outflows the previous day.
This persistent lack of institutional engagement, coupled with the cooling retail demand, poses a challenge for XRP’s short-term momentum, despite the modest recovery from its $1.07 support level.
XRP ETF flows | Source: SoSoValueThe derivatives market mirrors the drop in appetite, with futures Open Interest (OI) down to 2.1 billion XRP on Friday, from 2.14 billion the day before. CoinGlass highlights an incessant bearish trend, given OI stood at 2.38 billion XRP on June 23.
Should this subdued demand persist, it is likely to exert downward pressure on the XRP price, potentially curbing the current rebound. The interplay between institutional hesitation and broader market sentiment will be critical to monitor in upcoming sessions.
XRP Futures OI | Source: CoinGlassPrice analysis: XRP reclaims short-term supportXRP retains a bearish near-term bias as it holds below the key Exponential Moving Averages (EMAs). Price remains under the downward resistance trendline that broke near $1.14, while the 50-day EMA at $1.17, the 100-day EMA at $1.27 and the 200-day EMA at $1.48 all sit overhead, suggesting rallies are still being capped within a broader corrective phase.
The Relative Strength Index (RSI) around 47 hints at only modest demand, while the Moving Average Convergence Divergence (MACD) stays marginally positive, indicating that any upside attempts lack a decisive trend shift as long as price trades beneath these longer-term averages.
XRP/USDT daily chartOn the topside, initial resistance is seen at the broken downtrend line around $1.14, with further barriers at the 50-day EMA near $1.17 and then the 100-day EMA at $1.27, before the longer-term bearish cap defined by the 200-day EMA around $1.48. Looking down, traders may treat the recent low zone just under the $1.10 handle as a provisional floor, but the technical landscape suggests that failure to reclaim the $1.14–$1.17 band would keep XRP/USDT vulnerable to renewed downside pressure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
XRP is at risk of a downside move, as falling open interest and a possible bear flag pattern point to $1.04 as the next key support level.
XRP continues to show signs of weakening momentum, with both on-chain data and technical indicators pointing to intense selling pressure.
A CryptoQuant analysis reveals declining participation in the derivatives market. At the same time, chart analysis suggests a bearish continuation pattern could send the token toward lower support levels.
XRP Open Interest Drops Lower CryptoQuant verified author PelinayPA highlighted that XRP’s open interest on Binance has fallen to $350.6 million, one of its lowest readings in recent months. The decline suggests traders are increasingly closing leveraged positions and preferring to stay on the sidelines as interest in derivative exposure to the asset drops.
The open interest across all exchanges has also followed a similar trajectory. At the time of writing, the metric stood at $776 million, reaching lows last seen in February.
Meanwhile, the Network Value to Transactions (NVT) ratio remains elevated at 162.86. High NVT readings generally indicate that network activity has not recovered enough to impact XRP’s valuation. This suggests that activities on the XRP Ledger remain minimal and continue to affect the asset’s recovery negatively.
XRP OI and NVT/CryptoQuant Taken together, the analyst noted that these indicators reflect a market where risk appetite has cooled considerably, leaving sellers with the upper hand. Unless the current condition changes, the XRP price remains vulnerable and could drop further.
Bear Flag Pattern Puts $1.04 in Focus Meanwhile, a 1-hour chart analysis from Ali Martinez adds to the cautious outlook. In a parallel analysis, he identified a bearish formation that could potentially push XRP lower.
An accompanying chart shows that after a sharp decline, XRP has been consolidating inside what appears to be a bear flag. Its price is compressing between the structure’s upper resistance and the ascending support trendline below.
XRP Bear Flag/Ali Martinez Notably, this type of pattern often represents a pause after an extended downtrend rather than the beginning of a sustained recovery. Prices make higher lows but are unable to break above a horizontal resistance level. Eventually, a breakdown occurs, starting the next leg down.
Martinez suggested that if this is a flag pattern, then XRP is at risk of further downsides. The flag breaking down could start a measured move toward $1.04, a 5% drop from the current market price of $1.10.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The number of XRP wallets with balances ranging from 1,000 to 100,000 tokens has hit a new all-time high above 1.2 million.
This uptick in wallet addresses, which confirms growing adoption, comes despite the ongoing market downtrend that has triggered massive losses for XRP. Specifically, XRP has collapsed nearly 40% this year to a low of $1.10, with a close to 70% decline from the peak of $3.66.
While prices have struggled, on-chain data indicates that the market continues to see an influx of users, as adoption grows. Notably, the number of XRP wallets holding 1,000 to 100,000 tokens has now grown to a new all-time high of exactly 1,120,198.
Retail XRP Wallets Growth This is according to data sourced by Santiment, a market intelligence platform. Of the 1.12 million figure, wallets holding 1,000 to 10,000 XRP tokens account for the larger share, amounting to 819,690. Meanwhile, there are 305,080 addresses with 10,000 to 100,000 XRP.
Despite holding fewer tokens than whale wallets, these smaller addresses are a more accurate assessment of retail adoption. As a result, their steady increase since the start of the year indicates that the XRP ecosystem has continued to attract new users despite the current price struggles.
For context, after reaching a combined peak of 1,095,830 on Feb. 6, 2026, these XRP wallets saw a drastic decline in their number, reaching 1,088,450 by Feb. 10. This marked a loss of about 7,380 retail wallets within four days.
Retail XRP Wallets Growth | Santiment Notably, the drop occurred on the back of the market-wide crash on Feb. 5, which resulted in a massive 19.7% intraday slump for XRP. The altcoin dropped further to a low of $1.11 the next day before staging an impressive comeback that saw it rise 21.07%.
With this rebound, retail wallets resumed their growth path, but it took nearly two weeks to recover the lost figure. The growth has since remained consistent amid the prevalent price uncertainty, and the latest figure shows that XRP has added over 36,000 retail wallets since the Feb. 6 drop.
XRP Accumulation Trend In addition, this cohort of retail XRP wallets has continued to accumulate more tokens, albeit at a slow pace, as the ongoing price downtrend provides an opportunity to procure more for less.
Notably, at the start of the year, wallets with 1,000 to 100,000 XRP held a cumulative balance of 10.48 billion tokens. Today, this figure has increased to 10.73 billion XRP, indicating that they have accumulated 250 million XRP year-to-date.
XRP Accumulation Trend | Santiment However, this pales in comparison with the figures recorded by whale accounts. While fewer in number, wallets holding 1 million to 100 million XRP have added 1.38 billion tokens since the start of this year. This has contributed to the resilience displayed by XRP above the $1 price mark despite the persistent downturn.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The amount of Ether bridged to Robinhood’s new layer-2 blockchain exceeded $70 million in just the first week, according to Token Terminal.
Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, launched on July 1 with the company describing it as “AI-native and purpose-built for real-world assets.”
“If adoption continues, the chain could become a meaningful new source of demand for ETH,” said Token Terminal on Thursday.
Robinhood has also offered tokenized stocks to customers in more than 120 countries, responding to a surging demand for tokenized US equities. Ethereum and its layer-2 scaling networks have been a popular choice for tokenized real-world assets (RWA) with more than 50% market share, according to RWA.xyz, and this move could cement that position even further.
Turning liquidity into economic activity“Robinhood Chain is rapidly turning liquidity into economic activity,” said Token Terminal in a separate post on X.
Robinhood Chain’s daily active users reached 194,000 while daily revenue has grown to $39,000, equivalent to a $14 million annualized revenue run rate, within the chain’s first week, it said.
DefiLlama, a decentralized finance data platform, shows similar figures, showing Robinhood Chain has a total value locked of 46,748 ETH, worth around $83 million at current market prices. Thursday’s inflows alone totaled 31,855 ETH, or around $55 million.
Uniswap founder Hayden Adams said Friday that most of what is happening on the Robinhood Chain is ETH-denominated.
“It's the base pair for trading, the highest volume asset, and the gas token to pay for blockspace. It also burns ETH on L1 to pay data storage fees,” he added.
ETH bridged to Robinhood Chain tops $70 million. Source: Token Terminal
Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that it was “strongly bullish” and early volume “validates the L2 flywheel,” as a “meaningful new demand sink.”
“By using ETH as the native gas token on this high-velocity Arbitrum L2, every transaction I track creates direct, recurring demand while locking capital and onboarding Robinhood’s massive user base.” Tim Sun, HashKey Group senior researcher, said it was “a clear, structural positive for ETH.”
“For Ethereum, the most direct benefit is that Robinhood Chain uses ETH for gas,” he said. “As bridged assets, wallet addresses, and on-chain transactions grow, new demand for ETH is generated.”
“However, the deeper significance lies not just in how much gas is consumed, but in Robinhood’s choice to build its own on-chain financial ecosystem within the Ethereum network. This further solidifies the Ethereum mainnet’s position as the ultimate settlement layer and liquidity foundation for tokenized assets.”Bulls argue Ethereum’s long-term growth thesis comes from RWA tokenization, agentic AI payments, institutional adoption and network upgrades, such as Glamsterdam, expected before the end of 2026, which is expected to increase layer 1 capacity.
ETH prices ticked up on Friday to reach $1,775 but remain at multi-year bear market lows, down 64% from their August 2025 peak.
Features: The biggest blockchain upgrades still to come in 2026
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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
TLDR: Bitcoin price recovered toward $64,000 after U.S. spot Bitcoin ETFs recorded $221 million in net inflows, ending a 10-day period of outflows. Bitcoin and Ethereum gained as market pressure eased, but traders continue monitoring resistance levels and broader macroeconomic conditions. Bitcoin price analysis shows $63,600 as a key support area, while a move above $65,000 could improve short-term market momentum. Stablecoin supply contraction and upcoming U.S. CPI data remain important factors that could influence crypto market direction. Bitcoin price moved back toward $64,000 after U.S. spot Bitcoin ETFs recorded fresh inflows, reducing pressure from a prolonged selling period. The recovery followed a 10-day stretch of ETF outflows that weighed on institutional demand.
U.S. spot Bitcoin ETFs registered $221 million in combined net inflows on July 9, marking a shift from recent withdrawals. The previous outflow period removed about $2.73 billion from the market, adding pressure on Bitcoin during its decline.
Bitcoin also benefited from improved sentiment across risk assets. The broader crypto market gained more than 2%, while lower liquidation levels reduced pressure from leveraged positions.
The rebound has not confirmed a new trend yet. Traders continue to watch whether ETF demand can remain consistent and whether Bitcoin can break key resistance levels.
Bitcoin Price Faces $65K Resistance as Traders Watch Data The Bitcoin price is currently testing the $65,000 resistance area after holding above the $63,600 support level. Market participants are watching this zone because a sustained move higher could improve short-term momentum.
Technical indicators show a mixed outlook. Bitcoin remains above the 25-day moving average, while the MACD indicator is showing early signs of recovery. However, traders are still monitoring whether buyers can maintain strength above recent levels.
Analyst Ali Martinez noted that Bitcoin remains inside a descending channel on the four-hour chart. He identified $63,600 as an important support level and warned that a failure to hold it could expose BTC to lower levels near $59,700 and $56,550.
Bitcoin $BTC is getting rejected at the top of its channel.
This could trigger a pullback toward $59,700, with $56,550 as the next downside target. pic.twitter.com/GvI9fMFQbD
— Ali Charts (@alicharts) July 8, 2026
A move above $65,000 could open the way toward the $66,000 area. Some market watchers are also tracking the $67,400 resistance level, which represents the neckline of a double-bottom formation.
Bitcoin price models remain divided over the longer-term outlook. The stock-to-flow model suggests higher valuations based on scarcity, while cycle-based models indicate that additional volatility could appear before the next major market phase.
Stablecoin supply has also become a factor for traders. Since reaching a peak of about $321 billion, stablecoin supply has declined around 4.4%. A continued decline could reduce available liquidity across crypto markets.
Bitcoin ETF Flows and Macro Risks Shape Next Move Institutional activity remains a key driver for Bitcoin price movements. Bitwise recently pointed to a changing market structure, where professional investors have become more active in Bitcoin compared with earlier cycles.
Despite renewed ETF inflows, investors continue watching inflation data and Federal Reserve policy. The upcoming U.S. CPI report on July 14 could influence expectations around interest rates and risk assets.
Geopolitical developments also remain important. Renewed U.S.-Iran tensions have affected oil prices and created uncertainty across financial markets. Bitcoin has traded alongside broader risk assets during recent periods of market stress.
Bitcoin price has also recovered despite Strategy selling part of its Bitcoin holdings. The company sold about $216 million worth of BTC to increase cash reserves for dividend obligations.
The next key levels remain focused on support near $63,600 and resistance between $65,000 and $67,400. A sustained move above resistance could improve the short-term structure, while a decline below support would expose Bitcoin to further downside risks.
Following the launch of Robinhood’s new Layer 2 blockchain, Robinhood Chain, on July 1, the network has already seen more than $70 million worth of Ether transferred onto the platform in its first week. Data from Token Terminal highlights the rapid influx of liquidity to the chain during its debut, signaling strong early adoption.
First week metrics draw attentionBuilt on Arbitrum and fully compatible with the Ethereum Virtual Machine, Robinhood Chain uses ETH as its native transaction fee token. The company has positioned the network as both artificial intelligence-friendly and focused on real-world asset tokenization. As a US-based fintech, Robinhood is known for enabling stock and crypto transactions.
Token Terminal analysts suggest that if this rate of user adoption continues, Robinhood Chain could emerge as a significant new source of demand for ETH. They note that the network has swiftly converted liquidity into on-chain economic activity, creating a meaningful new channel for ETH utilization.
Token Terminal emphasizes that Robinhood Chain is rapidly transforming liquidity into economic activity, establishing an effective path for increased ETH demand.
During the network’s opening week, daily active users climbed to 194,000. Daily revenue reached $39,000, which annualizes to approximately $14 million, indicating the chain’s strong growth trajectory since launch.
Liquidity and total value locked soarDefiLlama data paints a similar picture. According to the platform, total value locked (TVL) on Robinhood Chain hit 46,748 ETH, or about $83 million at market prices. On Thursday alone, deposits totaled 31,855 ETH, equal to roughly $55 million based on current valuations.
IndicatorLevelETH moved in first weekOver $70 millionTotal value locked46,748 ETHDaily active users194,000Daily revenue$39,000Uniswap founder Hayden Adams remarked that most of the activity on Robinhood Chain is denominated in ETH. He explained that ETH serves as the primary asset in trading pairs, holds the highest trading volume, and is also the settlement currency for block space fees.
Hayden Adams reported that a significant portion of Robinhood Chain activity is ETH-based, and that ETH is also burned on the mainnet as part of the network’s data storage fees.
Tokenized stocks drive ETH demandRobinhood is also offering tokenized stocks to clients in over 120 countries. Growing interest in representing US stocks on the blockchain is bolstering Ethereum’s and Layer 2 networks’ standing in the real-world asset space. Data from RWA.xyz indicates that over half of the market share for real-world asset tokenization lies within the Ethereum ecosystem.
Andri Fauzan Adziima, head of research at Bitrue Research Institute, stated that early trading volumes confirm a growth cycle for Layer 2 solutions, generating strong new demand for ETH. Tim Sun, senior researcher at HashKey Group, highlighted that Robinhood Chain’s use of ETH for gas fees is structurally positive for the Ethereum network.
On Friday, the price of ETH climbed as high as $1,775. Nevertheless, the token remains 64% below its August 2025 record high.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Ethereum Foundation is shifting paradigms and automating its cyber defense. Its « Protocol Security » unit now deploys swarms of autonomous AI agents to continuously attack its own network. The goal is to track, exploit, and fix vulnerabilities before hackers do. This initiative, revealed by the protocol’s security team, marks a major technological breakthrough at a time when the slightest flaw in a smart contract can lead to losses of hundreds of millions of dollars.
In brief The Ethereum Foundation deploys artificial intelligence agents to detect vulnerabilities before hackers. A critical network vulnerability has already been identified and fixed thanks to these new tools. The AI swarms rely on a rigorous organization to audit Ethereum’s most sensitive infrastructures. Researchers must now distinguish real vulnerabilities from AI-generated false positives. A First Concrete Victory Against Network Flaws The preventive offensive led by the Ethereum Foundation immediately proved its effectiveness by uncovering a critical vulnerability at the very core of the software on which the blockchain depends, while quantum resistance becomes a priority. Researchers confirmed they orchestrated direct attack simulations against their own infrastructures, an offensive method known as “red teaming”. In their official report, they share their initial findings highlighting the following key points :
Targeting vital infrastructures : “we launched coordinated AI agents against types of systems on which the network depends, such as system software, cryptographic code, and contracts that must be flawless” ; Discovery of real flaws : scientists add without ambiguity that “the agents found real exploitable bugs” in production code ; Neutralization of a major bug : an anomaly was located in the “gossipsub libp2p” protocol, which represents the peer-to-peer network layer used by Ethereum consensus clients. This bug allowed remotely triggering a panic error threatening node stability. The flaw was fixed and recorded on GitHub under the official reference CVE-2026-34219. Beyond simple detection, this experiment revealed an unexpected technical reality for human engineers. Indeed, the use of large language models for software security changes the nature of auditing work itself, shifting effort from brute research to critical triage. Ethereum Foundation members have expressed their surprise at this dynamic: “the fact that agents find bugs was not the surprise”.
They specify that “the surprise lay in the little work needed to find them, and in the amount of effort required to distinguish real bugs from those that merely seemed real”. This efficiency fits into a general sector trend: last April, a preliminary version of Anthropic’s Claude Mythos model successfully identified 271 vulnerabilities in Mozilla Firefox browser, demonstrating the computing power of these new tools.
The Military Organization of Autonomous AI Agent Swarms To achieve such precision, the Ethereum Foundation set up a rigorous methodological architecture by distributing its AI agents within a structure of highly specific roles. The organization of these swarms relies on four distinct and complementary functions: reconnaissance, flaw hunting, gap filling, and finally validation.
While one group of agents maps potential attack vectors, another strives to reproduce failures to test the viability of exploits directly against production code. Researchers emphasize the importance of this strict framework: “the scheme is there for a reason”.
According to them, “it imposes a specific and verifiable claim as well as a clear definition of the work accomplished. An agent that must write observable proof cannot fallback on a mere ‘that seems risky'”. This rigor eliminates the ambiguity typical of classic automated reports.
The Challenge of Validation Against Machine Illusions The rise in these detailed reports poses a major challenge to security teams, as the technical eloquence of a machine guarantees nothing about its truthfulness. Unlike traditional automated testing tools called “fuzzers” that merely inject random data to crash a program, AI agents write complex impact analyses and create proof-of-concept scenarios.
The downside is the proliferation of convincing false positives. To counter this hallucination phenomenon, the Foundation has established an absolute validation protocol. Researchers remind an immutable golden rule: “one rule matters more than all others. A candidate is not a finding until there exists an autonomous artifact that reproduces the failure on the real code, and that runs for someone who did not write it”. They pragmatically conclude: “the reproducer does not read the report, and it does not care about the confidence level shown by the model. It either runs, or it does not”.
This transition to AI-assisted audits outlines a new era for Web3. Recent history shows this approach is bearing fruit globally. Last May, researcher Taylor Hornby used Claude Opus 4.8 to detect a critical vulnerability within Zcash’s Orchard privacy pool. This flaw, dormant for about four years, could have allowed the creation of fake ZEC tokens without a trace.
By internalizing these technologies, the Ethereum Foundation embraces a new operational paradigm. As its experts summarize: “AI hasn’t replaced the security researcher. It has shifted the work”. Access to these swarms offers unprecedented code coverage but requires enhanced human acuity in return.
Researchers conclude: “agents allow us to cover much more ground than we could manually. In return, they demand more careful judgment in the face of a much larger stack of confidently stated claims. It’s a process worth it as long as you remember judgment is the real product”. Going forward, the resilience of blockchains will depend on human ability to arbitrate machine diagnostics.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TLDR: ETH latest news shows Robinhood Chain attracted over $70 million in bridged ETH within its first week, adding fresh demand signals for Ethereum. Robinhood Chain reached around 194,000 daily active users and more than $80 million in TVL as early liquidity moved into the new network. DEX volume briefly topped $560 million after CASHCAT trading accelerated, showing how memecoin activity pushed the RWA-focused chain into focus. Arbitrum also gains from the launch, as 10% of Robinhood Chain protocol net revenue flows back to the wider ecosystem under AEP. Robinhood Chain is turning into a fresh Ethereum growth story just one week after launch. In this latest ETH news update, the network has attracted over $70 million in bridged ETH. Token Terminal reported the figure after the chain’s debut week.
The Arbitrum-based Ethereum Layer 2 uses ETH as its native gas token and supports tokenized real-world assets.
The chain has also reached around 194,000 daily active users, while total value locked climbed above $80 million. ETH traded near $1,770 at press time, rising more than 3% over the past week.
ETH Latest News: Robinhood Chain Turns Liquidity Into Demand Robinhood Chain launched on July 1 and quickly pulled liquidity from Ethereum mainnet. Token Terminal data shows ETH bridged to the network jumped 70x in one week. That move matters as every transaction on the chain uses ETH for gas.
Since launch, Robinhood Chain has grown to over $80M in TVL, over $200M in stablecoins, and $800M in cumulative DEX volume. pic.twitter.com/6ctvI2WuZy
— DefiLlama.com (@DefiLlama) July 9, 2026
The platform is built with Arbitrum Orbit and targets tokenized stocks, real-world assets, and AI applications. Robinhood also expanded tokenized stock access to users in more than 120 countries. That gives the network a broad retail base from launch week.
In this ETH latest news cycle, analysts are watching whether activity becomes durable. Token Terminal reported about $39,000 in daily revenue, equal to a $14 million annualized run rate. DefiLlama data also showed TVL near 47,000 ETH, worth more than $80 million.
Uniswap founder Hayden Adams said most activity on Robinhood Chain is ETH-denominated. ETH serves as the main trading pair, the highest-volume asset, and the gas token. It also pays Ethereum mainnet data storage fees, which links activity back to L1 demand.
HashKey researcher Tim Sun called the launch a structural positive for ETH. He said wallet growth, bridged assets, and transaction demand all create recurring usage for the asset.
Memecoin Volume Tests Robinhood Chain’s RWA Ambitions Robinhood Chain was designed for tokenized finance, but memecoin trading drove its first major volume spike. DefiLlama data showed daily DEX volume above $560 million at one point. That briefly placed the chain ahead of Hyperliquid in 24-hour decentralized exchange activity.
CASHCAT became the main speculative driver. The token, linked to Robinhood’s early mascot, surged more than 1,000% over three days. It also pushed heavy trading through Uniswap, the network’s main decentralized exchange.
CEO Vlad Tenev added to the buzz after saying Robinhood Chain works well for memes too. He also promoted the broader “Robinhood Summer” theme. The company is covering gas fees for eligible Robinhood Wallet users until September 29.
The latest ETH news focus now sits between two forces. On one side, Robinhood Chain may bring tokenized stocks and RWAs to a larger global audience. On the other side, its first burst of activity came from speculative tokens.
The Arbitrum ecosystem also benefits from the launch. Under the Arbitrum Expansion Program, 10% of Robinhood Chain protocol net revenue flows back to the ecosystem. The split sends 8% to the Arbitrum DAO treasury and 2% to the Developer Guild.
ARB rose nearly 10% after the revenue-sharing details gained attention. Trading volume also more than doubled above $104 million. For Ethereum, the bigger test is whether RWA demand can replace early memecoin flows.
Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
Has Also Written
Fact Checked by
CryptoNews Editorial Team
Author
CryptoNews Editorial Team
Part of the Team Since
Sep 2018
About Author
The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...
Has Also Written
Last updated:
2 hours ago
For us, who spent the past month glued to oil charts, the screens have changed. Now we’re refreshing congressional calendars instead. Crypto regulation, not missiles nor crude price, is becoming the biggest talking point as Bitcoin and Ethereum price continue to hold steady. Policy has become the market’s new obsession.
The U.S. approach to crypto regulation may finally be shifting.
Senator Cynthia Lummis says the CLARITY Act is designed to replace years of regulatory uncertainty with clear rules for digital assets.
If it becomes law, it could give institutions more confidence to build in the… pic.twitter.com/0FbqK7khYo
— Kyren (@noBScrypto) July 9, 2026 Although Middle East headlines still grab attention, crypto is now spending more time debating legislation, SEC guidance, and CFTC oversight. For now, politics in Washington seems to matter more than politics in the Gulf.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
Bitcoin Price Holds Up as Markets Await Policy ClarityBitcoin price is holding at the mid-$63,000 range after recovering from June’s selloff. Softer U.S. economic data and easing energy prices have helped improve risk sentiment, while ETF flows remain mixed. Buyers continue stepping in on dips, as institutions remain willing to accumulate despite short-term uncertainty.
Attention is already turning to upcoming inflation data and the Federal Reserve’s next meeting. A cooler CPI reading could give the Bitcoin price another push, but many traders believe Washington will ultimately have the bigger say.
That is because crypto regulation is moving unusually fast. Congress continues debating the CLARITY Act, while regulators are working toward clearer rules on digital assets after years of uncertainty. The SEC and CFTC have already issued joint guidance aimed at defining how crypto assets should be treated under federal law.
Discover: The Best Token Presales
Ethereum Price Finds Support Beyond ETF HeadlinesEthereum price remains under pressure compared with earlier this year, but the network itself grows. Layer 2 activity, tokenized assets, and decentralized finance are all expanding even while ETH trades sideways.
ETF flows have swung between inflows and outflows, yet developers have largely ignored the day-to-day noise. Instead, they remain focused on scaling Ethereum and attracting more onchain activity. It is not exactly headline-grabbing, but builders rarely care whether traders are having a good week.
Robinhood Chain may not move the Ethereum price overnight, but it could quietly strengthen the network over time. Built as an Ethereum Layer 2 using Arbitrum Orbit, the chain settles transactions back to Ethereum and uses ETH for gas. This brings activity and ultimately feeds into Ethereum’s ecosystem.
The Ethereum price could also benefit if lawmakers deliver clearer rules for decentralized finance. Several industry groups continue urging regulators to create frameworks tailored to DeFi instead of squeezing it into decades-old financial rules. It’s looking bright for Ethereum price.
Discover: The Best Crypto to Diversify Your Portfolio
Crypto Regulation Is the Market’s New CatalystThe biggest shift is psychological. A few weeks ago, people jumped at every geopolitical headline. Now they are dissecting committee schedules, regulatory guidance, and draft legislation with the same intensity.
That helps explain why Bitcoin and Ethereum price have held relatively resilient despite ongoing global tensions. Investors increasingly believe clearer rules could encourage fresh institutional capital, especially if Congress finally delivers long-awaited market structure legislation.
🚨LAWMAKERS PREPARING REVISED CLARITY ACT FOR POSSIBLE INTRODUCTION NEXT WEEK!
U.S. negotiators are working on a new or updated version of the Digital Asset Market Clarity Act, which could be introduced as soon as next week, CoinDesk reports.
This comes as Congress returns from… pic.twitter.com/rYp5feGoM8
— Crypto Banter (@crypto_banter) July 9, 2026 It’s becoming more obvious now, crypto regulation has replaced geopolitics as market’s conversation, and both the Bitcoin and Ethereum price are taking their cues from Washington more than the latest oil headline.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
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.
Ethereum is currently holding firm above a key short-term support zone, with analysts closely monitoring the possibility of a move toward $1,840. Observers note that as long as the price remains above the cycle low, the broader outlook suggests Ethereum could continue to establish a solid long-term accumulation base.
Short-term support remains pivotalFollowing its recent upward move, ETH has entered a period of sideways trading, hovering above the crucial support range between $1,720 and $1,745. This area has been defended multiple times by buyers, making it an even more significant technical level in the current environment.
According to analyst Always Win, this setup signals a potential short-term breakout. If buyers continue to protect this support band, the price could soon attempt a push toward the $1,820 to $1,840 range.
Always Win notes that as long as the $1,720 to $1,745 region holds, the short-term upward trend remains valid. Even if Ethereum retests this support, another move higher could follow.
The first resistance to watch is at $1,800. A sustained break above this level would strengthen the case for a breakout and indicate that buyers are regaining control. Beyond this point, the next target zone emerges in the $1,820 to $1,840 range.
IndicatorLevelSignificanceSupport zone$1,720–$1,745Critical for maintaining short-term bullish structureFirst resistance$1,800Breakout scenario strengthens above this levelTarget zone$1,820–$1,840Range to watch if upward momentum continuesConversely, losing the support between $1,720 and $1,745 could undermine the current bullish outlook. If this happens, ETH may be forced to find a new equilibrium within a wider price range.
Triangle pattern hints at long-term accumulationOn a broader scale, some analysts believe Ethereum may be forming a large-scale triangle pattern. The primary condition for this scenario is that the price continues to hold above its current cycle low.
XForceGlobal has commented that Ethereum is moving within a broad corrective structure, and as long as the cycle low is preserved, this could evolve into a strong accumulation phase. According to this analyst, the market may spend more time building a base before the next major upswing begins.
XForceGlobal emphasizes that their bullish expectation is not just about seeking quick gains. At this stage, the main focus is on position sizing and preparing ahead of a larger move once the broader structure is confirmed.
As a result, the cycle low holds particular importance from a macro perspective. If Ethereum remains above this foundation, the accumulation thesis remains intact. However, falling below the cycle low could weaken the triangle pattern and open the door to a deeper pullback.
At present, the primary focus for traders and analysts at both short-term and long-term horizons is the defense of critical support levels. In the near term, the $1,720–$1,745 band remains in sharp focus, while from a wider perspective, retaining the cycle low is key to determining Ethereum’s future direction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin and Ethereum options worth about $1.75 billion expired on July 10 as traders maintained a cautious view of the crypto market.
Summary
Bitcoin options worth $1.5 billion expired as traders watched the key $62,000 maximum pain level. Ethereum’s 1.26 put-call ratio reflected unusually high demand for downside protection during the weekly expiry. Institutional traders sold short-term calls, suggesting limited confidence in a sustained crypto market rally ahead. According to data shared by Greeks.live, about 23,000 Bitcoin options expired with a notional value of $1.5 billion. The contracts had a put-call ratio of 0.97 and a maximum pain level of $62,000.
Meanwhile, 140,000 Ethereum options expired with a notional value of $250 million. The ETH contracts carried a put-call ratio of 1.26 and a maximum pain level of $1,700.
Bitcoin options traders limit short-term upside Bitcoin remained above $60,000 for most of the week and briefly reached $64,000 during Asian trading on Friday. The price later stayed close to a resistance area between $64,000 and $64,500.
The weekly expiry covered about 7% of outstanding options, making it smaller than recent monthly and quarterly settlements. Therefore, the contracts alone were unlikely to cause a lasting move in the spot market.
July 10 Options Data
23,000 BTC options expired, with a put-call ratio of 0.97, a maximum pain point of $62,000, and a notional value of $1.5 billion.
140,000 ETH options expired, with a put-call ratio of 1.26, a maximum pain point of $1,700, and a notional value of $250… pic.twitter.com/6sx0FWNJMF
— Greeks.live (@GreeksLive) July 10, 2026 Bitcoin’s gamma exposure was concentrated near $64,000. A large number of call options also accumulated around that level, which may affect dealer hedging as the price moves through the strike.
However, Greeks.live said large call trades increased during the week because traders sold short-term calls slightly above the market price. This strategy generates income when traders expect an asset to remain flat or fail to rise beyond a selected strike.
The activity suggested that institutional traders had doubts about Bitcoin’s near-term upward momentum. Still, the 0.97 put-call ratio showed that the total number of puts and calls in the expiry remained nearly balanced.
Options skew retains downside bias In a separate options market update, Greeks.live said Bitcoin’s 25-delta skew had stabilized after a sharp repricing during June.
The one-day, seven-day and one-month readings stood at -6.4%, -6.7% and -7%, respectively. Negative skew means traders are paying more for downside protection than for similar bullish positions.
BTC's 25 delta skew has stabilized across the curve following the sharp repricing observed through June, although downside protection continues to command a premium across all major maturities. Current readings stand at -6.4% (1D), -6.7% (7D), and -7.0% (1M), indicating that… pic.twitter.com/An1c7KyrgY
— Greeks.live (@GreeksLive) July 7, 2026 “Puts continue to trade at a premium to calls across all major expirations,” the firm said.
However, it added that the size of that premium had become more uniform across different contract periods.
The data showed that defensive demand was no longer concentrated only in contracts close to expiry. Medium-term options also accounted for a larger part of the downside premium.
Greeks.live described the setup as a “more normalized term structure” but said options pricing retained “a persistent downside bias.” The statement reflects current positioning and does not guarantee that Bitcoin will decline.
The July 3 expiry also showed demand for short-term downside protection. That event involved $1.9 billion in BTC options, with maximum pain at $61,000.
Ethereum puts remain unusually elevated Ethereum’s put-call ratio reached 1.26, meaning put options outnumbered calls in the weekly batch. The ratio remained high for a second consecutive week after reaching 1.29 during the previous expiry.
Greeks.live linked much of that activity to protective positions with strike prices below $1,500. These puts were deeply out of the money as expiry approached, but they showed that some traders had hedged against a sharper ETH decline.
Ethereum gamma exposure was concentrated near $1,750, with call accumulation also visible around the level. However, ETH remained below the $1,700 maximum pain area during parts of the settlement period.
Ether traders showed heavier put demand during the July 3 expiry. The earlier batch included 135,000 ETH contracts with a 1.29 put-call ratio and maximum pain at $1,650.
Broader markets keep crypto activity subdued The options expiry followed a week of mixed price action across crypto and traditional markets. U.S. and South Korean equities also faced corrections, while traders assessed interest-rate policy and geopolitical risks.
As reported by crypto.news,Bitcoin recently lost the $64,000 level after a hawkish Federal Reserve decision. The change in rate expectations reduced demand for several risk assets.
Open interest remained large despite the smaller weekly expiry. Bitcoin options open interest across exchanges stood near $28.7 billion, while Ethereum options open interest was about $4.4 billion.
Key HighlightsOrganizational Overhaul Dissolves Centralized Operations UnitTraining Initiatives Transition Into Revised FrameworkNetwork Enhancement Responsibilities Reallocated Across New Divisions Protocol Support team at Ethereum Foundation officially disbanded after half a decade of operations.
Team facilitated critical network upgrades, developer conferences, and proposal advancement processes.
Instrumental in shepherding Ethereum through landmark transitions including The Merge, Dencun, and Pectra.
Fellowship program cultivated next-generation contributors for protocol advancement and client development.
Responsibilities now distributed throughout foundation’s reorganized framework.
After five years of operations, the Ethereum Foundation has officially closed its Protocol Support division, which served as a central hub for network upgrade coordination and developer education initiatives. This dissolution comes as part of a broader organizational transformation that has streamlined personnel and restructured the foundation’s operational blueprint into distinct functional tiers. The Protocol Support team leaves behind infrastructure that played a pivotal role in Ethereum’s migration to proof-of-stake and numerous subsequent network enhancements.
Organizational Overhaul Dissolves Centralized Operations Unit Launched in 2021, Protocol Support was established by the Ethereum Foundation to serve as a liaison among client development teams, academic researchers, proposal authors, and infrastructure operators. The division orchestrated All Core Developers conferences and maintained oversight of technical initiatives preceding each scheduled network modification. Additionally, the team facilitated the progression of Ethereum Improvement Proposals through discussion phases, experimental validation, and practical deployment.
the EF Protocol Support team has been dissolved 🖖
— EF Protocol Support (@EFprotocol) July 9, 2026
During its initial operational phase, the division facilitated Berlin, London, and Arrow Glacier upgrades. Subsequently, it managed coordination efforts for Rayonism, Amphora, and Kintsugi testing environments as Ethereum approached The Merge milestone. This work synchronized validation schedules, contributor conferences, and public communications throughout the proof-of-work departure.
Following The Merge, Protocol Support continued facilitating Shapella, Dencun, and Pectra implementations while sustaining dialogue among Ethereum’s distributed development communities. The division monitored experimental network advancement and equipped contributors for scheduled production deployments. This coordination minimized disconnects between strategic determinations, validation efforts, and ecosystem readiness.
Training Initiatives Transition Into Revised Framework An initial mentorship initiative evolved into the Ethereum Protocol Fellowship under the team’s stewardship, designed to develop emerging core contributors. This program educated developers across protocol investigation, validation methodologies, and client architecture within Ethereum’s technical landscape. Participants gained access to seasoned researchers, development organizations, and specialized technical committees.
The team operated Forkcast, a tracking system monitoring proposal status, testnet deployments, upgrade preparedness metrics, and production activation schedules. Contributors relied on this platform to monitor evolving timelines and technical specifications throughout multiple network modifications. This initiative established a unified reference resource for intricate upgrade intelligence.
Personnel from the disbanded unit announced the closure through social channels and encouraged interested organizations to reach out to available talent. Mario Havel continues his tenure at the Ethereum Foundation, though the broader team structure has been eliminated. Former division head William Morriss likewise acknowledged that the reorganization concluded his foundation engagement.
Network Enhancement Responsibilities Reallocated Across New Divisions On June 23, the foundation disclosed its most recent staff reduction, eliminating 54 positions. Concurrent with these cuts, internal operations were reconfigured into protocol, access, user, community, and institutional divisions. These modifications terminated multiple centralized units and redistributed obligations throughout the revised architecture.
The newly formed Protocol Layer will inherit portions of Protocol Support’s previous upgrade management and coordination functions. Additional teams will assume developer education, community engagement, and Ethereum Improvement Proposal assistance responsibilities. Nevertheless, the foundation has not provided comprehensive details regarding future allocation of these specific functions.
Protocol Support’s closure marks the end of an era after guiding Ethereum through numerous transformative technical achievements. The team’s contributions encompassed network strategizing, developer synchronization, validation assistance, fellowship administration, and public upgrade documentation. Ethereum’s restructured organization will continue these responsibilities without the former division’s unified operational identity.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum price has rebounded to nearly $1,800 after easing geopolitical tensions and an aggressive short squeeze across crypto derivatives restored appetite for risk assets, while traders now watch whether bulls can force a breakout above a key technical ceiling.
Summary
Ethereum price has climbed back toward $1,800 as easing geopolitical tensions triggered a sharp short squeeze. Technical indicators favor bulls, with ETH reclaiming $1,750 and testing resistance near $1,800-$1,833. Analysts see scope for a move toward $1,900, though failure to hold $1,750 could revive bearish pressure. The second-largest cryptocurrency has recovered sharply from this week’s low near $1,505, when U.S. strikes on Iranian targets triggered a broad sell-off across digital assets. Sentiment reversed over the past 24 hours after fears of further escalation subsided, prompting investors to rotate back into higher-risk assets
A wave of forced short liquidations accelerated the move, pushing ETH through several resistance levels and back toward the psychologically important $1,800 mark.
Asian markets added another catalyst. South Korea’s Kospi index jumped roughly 4% as artificial intelligence and semiconductor stocks rallied, encouraging a wider return to growth assets.
Ethereum participated in that rotation despite U.S. spot Ether ETFs recording a combined net outflow of about $52 million on Thursday, suggesting overseas spot demand and crypto-native buying more than offset weaker institutional flows in the United States.
Fresh regulatory developments also improved sentiment. CFTC leadership has urged the U.S. Senate to advance the Digital Asset Market Clarity Act, a proposal that would establish a clearer regulatory framework for digital assets.
At the same time, Ethereum continues to dominate the tokenized real-world asset market with nearly half of global RWA value secured on its network, reinforcing the chain’s position as institutional tokenization activity expands.
Source: RWA.xyz Ethereum has reclaimed key resistance, but $1,800 remains the decisive hurdle The daily chart shows Ethereum reclaiming the 2/8 Murrey Math pivot near $1,750 after bouncing from the 0/8 support around $1,500. Price is now testing the upper edge of that range near $1,800, while the Chaikin Money Flow has climbed back into positive territory at 0.08, suggesting capital has started returning after weeks of sustained selling.
Ethereum price daily chart — July 10 | Source: crypto.news On the 4-hour chart, ETH has broken above the 78.6% Fibonacci retracement at approximately $1,773 and is trading just below resistance near $1,833. Momentum has strengthened as the MACD completes a fresh bullish crossover with expanding positive histogram bars, while the RSI has climbed above 62 without yet entering overbought territory. Together, those indicators leave room for another advance if buyers maintain control.
Ethereum price 4-hour chart — July 10 | Source: crypto.news Derivatives positioning supports the technical picture. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting between $1,790 and $1,810. A sustained move above that zone could trigger another round of forced buying, while the next concentration of leveraged positions appears closer to $1,850. As long as those liquidity pockets remain overhead, volatility is likely to stay elevated.
Ethereum liquidation heatmap | Source: CoinGlass Commenting on the latest structure, analyst Ted Pillows wrote:
“ETH is holding above the $1,750 level, which is a good sign. Spot demand is picking up a bit, which could push Ethereum towards the $1,850–$1,900 zone in the coming weeks.”
Separately, fellow analyst Alex Marzell argued that Ethereum has bounced from the lower boundary of a long-term descending channel and believes “one clean breakout above the upper trendline could change everything.”
$ETH is quietly setting up for something big.
Ethereum just delivered a strong bounce from the bottom of this massive descending channel.
The structure is still bearish for now, but one clean breakout above the upper trendline could change everything.
Breakout = trend… pic.twitter.com/Jp6Knn10CW
— Alex Marzell (@MarzellCrypto) July 10, 2026 Failure to hold $1,750 would weaken the recovery setup Despite the improving momentum, Ethereum has not yet confirmed a trend reversal. The $1,800-$1,833 region combines Fibonacci resistance with a dense liquidity pocket, making it the first major test for bulls.
Repeated rejection from that area would increase the likelihood of another move toward $1,725, while a break below $1,750 would expose the $1,620-$1,550 support region that launched the current recovery.
Macro risks also remain. Any renewed escalation in the Middle East, stronger-than-expected U.S. inflation data, or another wave of ETF outflows could reduce demand for risk assets and interrupt Ethereum’s recovery. Until buyers establish support above $1,800, the current advance remains a recovery rally rather than a confirmed long-term trend reversal.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Meta gained over 4% in pre-market trading, extending its rally from the prior session.
According to market data from BIT (bit.com), Meta's pre-market stock gains have widened, with the stock now rising over 4% after closing up 4.7% in the previous trading session.
3 minutes ago
Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
The U.S. Department of Justice announced that Rossen Iossifov, founder of Bulgarian crypto exchange RG Coins, has been indicted on additional charges for allegedly transferring approximately $290,000 in crypto assets that the court had ordered forfeited while he was in prison. Prosecutors alleged that in January 2024, while serving a sentence in a federal prison, Iossifov conspired to move the illicit assets through multiple crypto exchanges and mixing services to evade government seizure. Iossifov was previously sentenced to 111 months in prison in 2021 for his role in laundering nearly $5 million and assisting a Romanian cyber fraud ring in processing illicit funds; he was also ordered to pay over $2.6 million in restitution and forfeit related crypto assets. If the new charges are upheld, he faces up to an additional 25 years in prison.
3 minutes ago
Circle rises over 16% in pre-market trading after securing approval to establish a national trust bank.
According to market data from BIT (bit.com), Circle (CRCL)’s pre-market gain has widened to 16.63%, with its current price at $73.49. Earlier reports noted that Circle has obtained final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
3 minutes ago
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
3 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
3 minutes ago
QCP: Japan's bond market stabilization drives Bitcoin rebound to near $64,000
QCP Capital has released a new report, noting that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000. While Middle East geopolitical risks, a stronger U.S. dollar, and the Federal Reserve’s hawkish stance continue to weigh on risk assets, Bitcoin has demonstrated some resilience in the $60,000 range. The report adds that future trends will hinge primarily on the global liquidity environment, U.S. inflation data, and the outcome of the Bank of Japan’s month-end meeting.
Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) have recovered as technical talks between the US and Iran continue, according to a US official.
This comes as Middle East tensions rise following two days of strikes that threatened to collapse an already fragile ceasefire, with President Trump saying the ceasefire is “over.”
Technical Talks with Iran Will Proceed, Says US Official A US official confirmed that the US remains committed to a resolution and that technical talks with Iran will proceed, Bloomberg reported. These focus on issues including nuclear matters, the performance-based MOU, sanctions, and shipping in the Strait of Hormuz.
As a result, Oil prices slipped lower, the US 10-year Treasury note eased to around 4.54%, and the US dollar index (DXY) fell toward 100.5 on Friday. This helped trigger a significant jump in Asian stock markets and crypto prices of Bitcoin, XRP, and DOGE.
Meanwhile, Israel tells the US it has new intelligence implying Iran is planning a new assassination attempt against President Trump. At Khamenei’s funeral last week, Iranian mourners displayed a banner reading “We Will Kill Trump.”
Tensions in the Middle East are rising as reports claim Kuwait, the UAE, and Bahrain carried out coordinated strikes targeting Iran, with U.S. intelligence support. This comes after Iranian attacks on Kuwait, Bahrain, Jordan, and Qatar, including targeting U.S. military infrastructure.
Meanwhile, Democrats such as Chuck Schumer, Nancy Pelosi, Elizabeth Warren, and Mark Warner slammed Trump for failing to secure a ceasefire and dragged America back into a “dangerous and illegal war” with Iran.
Having failed to secure a lasting peace or achieve his stated objectives, President Trump has once again dragged America back into a dangerous and illegal war with Iran.
By ignoring the vote of the Congress to stop this war, the President has doubled down on endangering American…
— Nancy Pelosi (@SpeakerPelosi) July 9, 2026
Investors Push Bitcoin, XRP and DOGE Prices Higher Bitcoin and the broader crypto market saw a notable upside momentum over the past few hours. BTC price climbed above $64,000 after a more than 1% jump in just an hour. In the last 24 hours, BTC has climbed nearly 4% over the past 2 days.
The derivatives market showed buying in the last few hours, as per CoinGlass data. The total Bitcoin futures open interest climbed 2.70% to above $47 billion in the last 4 hours. Massive buying was recorded across CME, Binance, OKX, Bybit and other crypto exchanges.
Total Bitcoin Futures Open Interest Climbs. Source: Coinglass XRP also bounced higher, holding near $1.11 amid positive developments, including US-Iran talks on a potential ceasefire and nuclear deal. The intraday low and high were $1.09 and $1.11, respectively.
Fed Chair Kevin Warsh has announced task forces, led by industry insiders such as venture capitalist Marc Andreessen and XBOX CEO Asha Sharma, to overhaul central bank strategies, with a focus on AI, data, and inflation.
Whereas Dogecoin (DOGE) pumped more than 2% in the last 4 hours, with the price currently trading at $0.074. XRP and DOGE futures open interests also jumped 1% in 4 hours, signaling positive sentiment for further upside.
To capture these swift market movements, active traders can compare the leading platforms by exploring our guide to the best crypto apps for mobile trading.
With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Meta gained over 4% in pre-market trading, extending its rally from the prior session.
According to market data from BIT (bit.com), Meta's pre-market stock gains have widened, with the stock now rising over 4% after closing up 4.7% in the previous trading session.
3 minutes ago
Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
The U.S. Department of Justice announced that Rossen Iossifov, founder of Bulgarian crypto exchange RG Coins, has been indicted on additional charges for allegedly transferring approximately $290,000 in crypto assets that the court had ordered forfeited while he was in prison. Prosecutors alleged that in January 2024, while serving a sentence in a federal prison, Iossifov conspired to move the illicit assets through multiple crypto exchanges and mixing services to evade government seizure. Iossifov was previously sentenced to 111 months in prison in 2021 for his role in laundering nearly $5 million and assisting a Romanian cyber fraud ring in processing illicit funds; he was also ordered to pay over $2.6 million in restitution and forfeit related crypto assets. If the new charges are upheld, he faces up to an additional 25 years in prison.
3 minutes ago
Circle rises over 16% in pre-market trading after securing approval to establish a national trust bank.
According to market data from BIT (bit.com), Circle (CRCL)’s pre-market gain has widened to 16.63%, with its current price at $73.49. Earlier reports noted that Circle has obtained final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
3 minutes ago
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
3 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
3 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
Cardano founder Charles Hoskinson has strongly denied claims that he will be leaving the project, stating that the rumors are untrue. In a statement made via the X platform, Hoskinson rejected the allegations of his departure from Cardano, calling them “absolutely not true” and “completely false, fabricated.” The statement comes after speculations circulated on social media in recent days.
Hoskinson stated that the rumors originated from video clips taken out of context and videos created in response to this content. According to him, some users edited and manipulated their old statements or speeches to create a false narrative, and this content quickly spread within the Cardano community. Hoskinson argued that this manipulative content led to both the distortion of his own words and the creation of a false perception of the project.
Hoskinson, in particular, directly refuted the claim that he described Cardano as a “failed project,” emphasizing that he did not use such a phrase. He stated that he did not make any negative assessments regarding Cardano’s future and that rumors of retirement plans were completely unfounded. This statement simultaneously denied claims that he would withdraw from the project and end his active role.
Cardano stands out among major blockchain projects in the cryptocurrency sector with its smart contract infrastructure, scalability goals, and academically based development approach. Therefore, news about founding figures like Hoskinson can directly impact investor sentiment and community perception.
Market observers point out that unverified content spreading on social media can cause price and perception fluctuations, especially in large crypto projects. Hoskinson’s recent statement is seen as a step aimed at dispelling the uncertainty surrounding Cardano and restoring the community’s confidence in the project’s leadership.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
The Midnight Foundation has reopened the Glacier Drop redemption portal after completing a security review caused by an incident involving a subset of Cardano wallets connected to SecondFi.
In a recent update, the Foundation confirmed that Glacier Drop redemptions resumed on June 9 at 17:00 UTC. This ended a temporary suspension introduced as a precautionary measure last month.
Security Review Confirms Glacier Drop Platform Remains Safe The Foundation paused NIGHT token redemptions last month after reports emerged that EMURGO’s SecondFi platform had suffered a security breach. During the attack, hackers stole 16 million ADA from 374 wallets, prompting the Foundation to temporarily close the Glacier Drop redemption portal while it investigated whether the incident posed any risk to Glacier Drop participants.
Following its assessment, the Foundation confirmed that the Glacier Drop redemption infrastructure remains secure and unaffected by the SecondFi exploit.
As a result, all NIGHT tokens that completed their thawing process during the suspension are now immediately available for eligible users to redeem. The Foundation also stressed that the precautionary pause did not alter the Glacier Drop distribution schedule. This ensures participants remain on the original redemption timeline.
Glacier Drop Redemption Schedule Remains Unchanged For context, the Foundation launched the Glacier Drop portal in August 2025 to distribute NIGHT tokens through a phased redemption model. Under this mechanism, allocated NIGHT tokens gradually thaw and become redeemable in four equal quarterly installments, with 25% unlocking during each phase.
The first redemption window ran from December 10, 2025, to March 9, 2026, followed by the second phase between March 10 and June 7, 2026.
The program has now entered its third thaw period, which began on June 8, 2026, and will continue until September 5, 2026. Meanwhile, the fourth and final redemption phase is scheduled to run from September 6 through December 4, 2026.
With the portal back online, eligible participants can once again redeem any NIGHT tokens that have thawed according to the established Glacier Drop schedule.
Midnight Advises SecondFi Users to Follow Recovery Guidance Although the Midnight Foundation has confirmed that its redemption infrastructure is secure, it advises users who have used a SecondFi wallet to follow the official guidance issued by the SecondFi team.
Meanwhile, SecondFi has unveiled a phased response plan designed to help affected users secure their assets and prepare for potential recovery. The strategy begins with Quarantine Mode, followed by a secure wallet export scheduled for next week. The final stage may include an asset recovery process, depending on the outcome of the ongoing investigation and recovery efforts.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano founder Charles Hoskinson has rejected recent rumors claiming he is stepping away from the Cardano ecosystem.
In a recent video update, Hoskinson revealed that he became aware of how widely false claims about his departure from the Cardano ecosystem had spread. According to him, even industry contacts and members of the public believed he was preparing to leave Cardano.
He explained that the speculation stemmed from out-of-context video clips and reaction content that misrepresented his previous remarks. Hoskinson stressed that he has never said Cardano was failing or that he intended to leave the ecosystem. Instead, he described the claims as fabrications designed to mislead the community.
“I’m Not Leaving Cardano Ecosystem”: Hoskinson Furthermore, Hoskinson argued that the rumors form part of a broader campaign to spread fear, uncertainty, and doubt (FUD) about Cardano. He maintained that the ecosystem continues to make steady progress, with additional hard forks, roadmap milestones, and new initiatives still under development.
“I’m not leaving. I am not going anywhere. I’m not retiring,” Hoskinson said, reaffirming his dedication to Cardano’s long-term vision.
Hoskinson Reaffirms Commitment to Cardano Hoskinson emphasized that both he and his company, Input Output Global (IOG), remain fully committed to Cardano’s long-term growth and development.
To support his point, he highlighted several major initiatives currently advancing across the ecosystem. These include the Leios scaling upgrade, the partner chains strategy, as highlighted by Midnight’s progress, and the recently launched RealFi testnet, which is expected to transition to mainnet soon.
In addition, he pointed to Pogun’s efforts to introduce Bitcoin decentralized finance (DeFi) capabilities to Cardano. According to him, these parallel initiatives demonstrate that Cardano is expanding rather than slowing down.
How the Exit Rumors Started Speculation about Hoskinson’s potential exit from Cardano gained momentum after analytics platform TapTools announced its shutdown amid escalating governance disputes within the Cardano ecosystem. Around the same time, Hoskinson announced he was taking a break from X, prompting several media outlets and community members to speculate that he was preparing to leave Cardano.
However, Hoskinson has since returned to social media and resumed his regular broadcasts, repeatedly assuring the community that he remains fully committed to the ecosystem.
Since his return, Cardano has continued to advance its roadmap by launching the Leios testnet and introducing the RealFi testnet, an initiative aimed at expanding financial services for underserved populations. Throughout this period, Hoskinson has consistently reiterated his ambition to help position Cardano as the top-ranked cryptocurrency on CoinMarketCap.
However, the token has remained under bearish pressure. Currently ranked as the 14th biggest crypto on CoinMarketCap, Cardano is trading at $0.1662, with a valuation of $6.06 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano founder Charles Hoskinson has confirmed that the ecosystem is close to launching a political party.
He made the announcement during his latest broadcast, where he also dismissed rumors that he plans to retire or leave the Cardano ecosystem. Reaffirming his long-term commitment to the network, Hoskinson revealed that preparations for the political party are already underway. He said the initiative is expected to launch soon, allowing ADA community members to participate.
“We are working on a political party, and we’ll imminently be launching that soon, and give people an opportunity to participate,” Hoskinson remarked.
His commentary signals that the initiative has progressed from a proposal to an active project, although Hoskinson did not provide a specific launch date.
A New Governance Structure for Cardano Hoskinson’s latest remarks build on his earlier proposal to establish a political party that would operate as a large, Delegate Representative (DRep) within Cardano’s on-chain governance system.
The idea emerged after months of governance disputes across the ecosystem. Several treasury proposals, including some associated with Hoskinson, failed to secure DRep approval. The resulting governance tensions eventually contributed to the cancellation of Cardano Summit 2026. In response, Hoskinson first suggested becoming a DRep before unveiling plans to create a political party.
In his view, the proposed organization would coordinate decision-making on ecosystem growth, treasury allocations, and long-term strategic priorities. The initiative would also give ADA holders and ecosystem participants a structured way to engage in governance by joining the organization and voting on key initiatives.
Hoskinson Backs the Cardano PRIME Proposal Meanwhile, Hoskinson has publicly endorsed the Cardano PRIME proposal. He expressed his support by replying “LFG” after AlphaGrowth announced that on-chain community voting for PRIME had officially begun.
PRIME is a 12-month initiative led by AlphaGrowth to accelerate Cardano’s decentralized finance (DeFi) ecosystem through protocol security audits, responsible liquidity incentive programs, and market expansion. The proposal seeks 120 million ADA in treasury funding, valued at approximately $19.2 million at an assumed ADA price of $0.16. If successful, the initiative aims to increase Cardano’s total value locked (TVL) by more than $200 million.
Such growth would represent a significant expansion from Cardano’s current TVL of roughly $73 million, with stablecoins currently accounting for most of the capital locked on the network.
Hoskinson has repeatedly emphasized that expanding Cardano’s DeFi ecosystem is one of the network’s highest priorities. He has previously described 2026 as a “do-or-die” year for Cardano’s DeFi ambitions, underscoring the need to attract more liquidity, users, and decentralized applications to the blockchain.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
PANews, July 10 – Humanoid robot R&D company 1X Technologies announced the launch of its new-generation NEO humanoid robot hand system, featuring 25 degrees of freedom, a tendon-driven design, and gear ratios of approximately 5:1 to 15:1. All joints support force control and are fully back-drivable, achieving near-human levels of dexterity and force control. The hand is equipped with high-resolution tactile sensing capable of detecting normal force, contact position, and shear force, and meets IP68 waterproof and dustproof ratings along with food-safety standards.
In terms of performance, the thumb CMC joint delivers a peak torque of 3.5 Nm, the finger MCP joints reach 2.6 Nm, distal flexion force hits 45 N, wrist torque is 17.75 Nm, and positioning accuracy is ±0.2 mm. The hand is mounted on forearm motors and driven by tendons routed through the wrist, enabling delicate operations such as assembling LEGO bricks, picking up coins, screwing in light bulbs, operating zippers, sorting fruit, pouring tea, plugging in USB-C connectors, and holding wine glasses. 1X stated it already has the production capacity to manufacture 10,000 hand units per year.
When a metaverse token and a DeFi yield protocol suddenly top the whale activity charts, something is shifting in the order books. According to the on-chain update from Santiment, Decentraland’s MANA saw a 833% weekly increase in the number of whale transactions over $100,000. Pendle on Arbitrum wasn’t far behind at 800%, followed by a mix of stablecoins and smaller-cap tokens.
The data highlights a sudden repositioning by larger wallets across a set of assets that don’t usually dominate whale activity rankings. USAT jumped 400%, MakerDAO’s DAI on Optimism also rose 400%, Telcoin climbed 350%, and Virtuals Protocol’s VIRTUAL recorded a 300% increase. Even stablecoin transfer counts spiked—MakerDAO’s USDS, for example, moved 154% higher in large transaction count. The screener, which tracks divergences in on-chain metrics, underscores how rapid shifts in whale behavior can signal underlying market structure changes before price reflects them.
Such increases in whale transfers often hint that large holders are preparing for something—whether that’s deploying capital into DeFi protocols, moving funds between chains, or repositioning ahead of ecosystem developments. The presence of stablecoin pairs also suggests possible liquidity provision or off-ramping. Pairing that with the fact that some of these tokens, like MANA, are tied to metaverse NFTs, adds another layer. Recently, $X@AI BRC-20 NFTs and Courtyard topped weekly NFT sales rankings, reflecting a broader resurgence of interest in digital collectibles. Whale accumulation in related tokens may follow that trend.
However, investors should be careful about drawing straight lines between on-chain whale activity and imminent price moves. A spike in large transactions can just as easily reflect distribution as accumulation. The data from Santiment only shows an increase in transaction count—not whether wallets are buying or selling. Without additional on-chain metrics like exchange netflow or realized profit/loss, the picture remains incomplete. Whales may be moving tokens to centralized exchanges for sale, or to cold storage for long-term holding.
What This Means for Altcoin Traders Whale transaction spikes on low-volume altcoins like Telcoin or Virtuals can have outsized effects on liquidity and short-term volatility. While a recent top crypto gainers roundup featured TON and SIREN making big moves, none of the tokens on Santiment’s whale list appeared there. That divergence is worth noting—it suggests the whale action may not yet be reflected in market price, or it could indicate positioning for a move that hasn’t materialized. Monitoring whether these transaction counts hold or increase further could offer a pre-price signal for savvy market participants.
For traders, the data adds a signal to monitor alongside order book depth and funding rates. Tokens like Pendle and Ether.fi, which are central to liquid staking and yield markets, could see renewed interest if whale accumulation continues. But for now, the surge in transaction counts tells us that size is paying attention—just not yet in which direction.
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.
PANews, July 10 – Latest data shows that the issued amount of TRC20-USDT has surpassed 90.2 billion tokens, setting a new all-time high. Since the beginning of this year, the TRON network has cumulatively issued an additional 9 billion USDT. Currently, the number of TRC20-USDT holding accounts has reached 74.9 million, and the total number of transfers has exceeded 3.5 billion; the total number of accounts on the TRON network has also surpassed 390 million.
Meanwhile, according to Lookonchain statistics, network activity on TRON continued to climb in June 2026, with monthly transactions exceeding 385 million and monthly active accounts surpassing 26.9 million – both metrics setting new historical records.
TRC20-USDT is a USD-pegged stablecoin issued by Tether on the TRON network. Its fast transfer speed and low fees have attracted a large number of users, and it is now supported by multiple exchanges including Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate.io, and Poloniex. The TRC20-based version of USDT will significantly enhance TRON’s existing decentralized application ecosystem, deliver higher overall value storage and stronger decentralized exchange liquidity, and provide enterprise-grade partners and institutional investors with a more convenient blockchain gateway.
TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), announced today that the total circulating supply of USDT on the TRON blockchain has exceeded $90 billion. The milestone further strengthens TRON’s position as a leading network for USDT activity. According to Token Terminal, TRON leads all networks in USDT transfer volume year to date, with approximately $4.2 trillion.
TRON is one of the most widely used settlement networks in the world for stablecoins. The network’s scale, low transaction costs and consistent activity continue to support digital dollar transfers and a broad range of blockchain-based real-world use cases.
As of July 2026, TRON processes over 12.7 million daily transactions and has surpassed 392 million total user accounts. Additionally, the network supports an average of $23.8 billion in daily USDT transfers. TRON also has the highest active wallet count of any stablecoin on any blockchain according to Stablecoin Insider.
“TRON’s growth reflects the principles that have shaped the crypto industry from the beginning: open access, user ownership and practical utility,” said Justin Sun, founder of TRON. “The use of USDT on TRON reflects demand for blockchain infrastructure that is fast, efficient and accessible. As the industry continues to develop, the TRON ecosystem will remain focused on strengthening the infrastructure for stablecoins, settlement and the growing connection between DeFi and traditional finance.”
TRON’s leadership in the greater stablecoin ecosystem continues to evolve alongside growing institutional demand. Recent developments include Anchorage Digital’s integration of the TRON network, expanding institutional access to regulated custody on TRON, as well as Securitize’s integration of TRON to support tokenized real-world assets. The tokenized Hamilton Lane SCOPE Fund also became the first Securitize-issued asset available on the TRON network, further reinforcing TRON’s role as infrastructure for stablecoins, tokenized assets and institutional blockchain adoption.
Additionally, the TRON ecosystem has deepened its focus on security and safeguarding users through the T3 Financial Crime Unit (T3 FCU), a joint initiative with Tether and TRM Labs. Since its inception, T3 FCU has frozen over USD 450 million in criminal assets across five continents, established rapid response capabilities to address threats, and demonstrated how industry collaboration can effectively combat financial crime while supporting blockchain innovation.
As the digital dollar economy continues to expand, TRON remains a core pillar of the infrastructure that drives greater efficiency, accessibility and financial inclusion.
About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $90 billion. As of July 2026, the TRON blockchain has recorded over 392 million in total user accounts, more than 14 billion in total transactions, and over $26 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”
TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Media Contact
Yeweon Park [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Reserve Protocol has launched five AI-themed Reserve Protocol DTFs (Decentralized Token Funds) on BNB Chain. The aim is to give global investors a single-token route into the full AI supply chain.
The products, $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS, are live now and backed by tokenized U.S. equities via Ondo Global Markets. The announcement was made on Reserve Protocol’s official X account on July 9, 2026, alongside a video explainer and trading links.
Five DTFs, One AI Economy: What Reserve Protocol Just Built Each of the five new Reserve Protocol DTFs targets a different layer of the AI value chain. $BUILDOUT covers AI hardware and infrastructure stocks.
$BUILDOUT covers AI hardware and infrastructure stocks.
$POWER focuses on energy and power generation companies feeding AI data centers.
$PHOTON tracks photonics and optical networking companies. $NEOCLOUD holds cloud computing and AI infrastructure providers. $ROBOTS rounds out the set with robotics and automation equities.
The interesting part of the update is that an investor can buy $NEOCLOUD and get instant exposure to tokenized cloud equities without limit.
The DTFs are built on Reserve Protocol’s open-source infrastructure, which is powered by Ondo Global Markets (OGM). It holds tokenized U.S. stocks via licensed U.S. broker-dealers.
Own your share of the AI industry
Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.
Live on @BNBCHAIN and powered by @OndoFinance, eligible users can… https://t.co/ZiI6zLMLA4 pic.twitter.com/NSnowuVRTd
— Reserve 🌐 (@reserveprotocol) July 9, 2026
Tokens are currently accessible via app.reserve.org, PancakeSwap, CoWSwap, and Bitget Wallet. They are also available on the BNB chain. Bitget has also reportedly launched an $80,000 prize pool trading campaign in relation to these DTFs.
On June 17, Ondo Finance witnessed a welcoming expansion of its tokenized securities offering. This move added 173 new tokenized stocks and ETFs across AI, robotics, quantum, and defense tech, taking its catalog past 430 assets on Ethereum, Solana, and BNB Chain.
The research protocol leveraged the expanded inventory and took it steps further.
Why BNB Chain, and Why Now BNB Chain currently holds over 709 tokenized stocks and ETFs in custody, with Ondo Global Markets. This accounts for more than $5.1 billion of its $6 billion in cumulative DEX volume. That liquidity depth makes BNB Chain the natural home for new tokenized equity products.
The timing is equally deliberate. Global RWA tokenization crossed $36 billion in on-chain value in 2026, with Ondo alone commanding more than 70% market share in tokenized equities and over $3.7 billion in Total Value Locked.
The broader RWA tokenization platform landscape is experiencing rapid growth, and Reserve Protocol is positioning itself at the intersection of DeFi composability and real-world AI equity exposure.
For non-U.S. investors, historically locked out of AI stocks like Nvidia or TSMC or data center REITs. These Reserve Protocol DTFs offer a first-mover on-chain alternative to traditional AI ETFs. Unlike those ETFs, DTFs trade 24/7, are fully collateralized onchain, and can plug into DeFi lending and collateral protocols.
RSR stakers also stand to benefit. Protocol fees from DTF activity fund $RSR buy-and-burn mechanics, tightening supply as TVL grows.
To understand how these blockchain-based shares function and where to acquire them, read our full review on tokenized US equities trading.
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
29 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
29 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
29 minutes ago
QCP: Japan's bond market stabilization drives Bitcoin rebound to near $64,000
QCP Capital has released a new report, noting that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000. While Middle East geopolitical risks, a stronger U.S. dollar, and the Federal Reserve’s hawkish stance continue to weigh on risk assets, Bitcoin has demonstrated some resilience in the $60,000 range. The report adds that future trends will hinge primarily on the global liquidity environment, U.S. inflation data, and the outcome of the Bank of Japan’s month-end meeting.
29 minutes ago
US crypto concept stocks rose in pre-market trading, with Circle surging nearly 8%.
According to market data from BIT (bit.com), U.S. crypto-related concept stocks advanced in pre-market trading. Circle jumped nearly 8% after the firm secured approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up its national digital currency bank. Strategy rose nearly 5%, Coinbase gained over 4%, and Robinhood climbed more than 3%.
29 minutes ago
Ark Invest increased its Circle stock holdings by $13.7 million and trimmed its Robinhood positions.
Cathie Wood’s investment firm Ark Invest added to its holdings in Circle Internet Group on Thursday while offloading part of its Robinhood stake. Latest trading disclosures show Ark purchased a total of 217,896 Circle shares via its three ETFs—ARKK, ARKW, and ARKF—valued at roughly $13.7 million based on Thursday’s closing price of $63.01 per share. Separately, Ark sold 85,319 Robinhood shares worth $9.8 million.
An exploit targeted the BFB token’s faulty price-defense mechanism rather than the PancakeSwap liquidity pool itself.
Investigators traced the attack to a logical flaw in BFB’s price-defense mechanism on BNB Chain. The attacker first funded gas fees with assets routed through Railgun, a privacy protocol that obscures transaction origins.
Source: BscScan Then, by repeatedly using zero-value transferFrom() calls to trigger the _priceDeflPool() function with a flash loan, the attacker burned 5% of the BFB tokens in the liquidity pool. This was done approximately 151 times.
In each iteration, a zero-value transferFrom() call between externally owned accounts (EOAs) triggered the _priceDeflPool() function. This caused the contract to burn 5% of the BFB tokens stored in the PancakeSwap liquidity pool and immediately call sync() to update the pool’s reserves.
How did the attacker drain the pool? Here, after the BFB reserve was nearly exhausted, the attacker consumed approximately 396.43 Binance [BNB] (roughly $226,000) by exchanging a small amount of BFB for nearly all the BNB in the pool.
Source: BscScan The attacker later converted the stolen BFB into BNB and left the funds in wallet 0x3BFA…6b0F without moving them.
Investigators identified the logical flaw in BFBToken’s price-defense mechanism as the root cause. They continue monitoring the wallet for any outgoing transfers.
The attacker also combined several techniques, including liquidity pool draining, reserve manipulation, Automated Market Maker (AMM) price manipulation, flash loans, logic exploitation, zero-value transaction abuse, repeated execution, and Railgun funding.
Alarming rise in attacks This coincided with TRM Labs data revealing a record 207 security breaches in the first half of 2026.
Source: TRM Labs Even so, total losses fell sharply to $972 million, less than half the $2.3 billion stolen during the same period in 2025.
The attack also followed Polymarket’s recent phishing incident, where attackers compromised the frontend and manipulated what users viewed and signed.
Summer.fi’s post-mortem also showed attackers spent about three months preparing the $6.04 million Lazy Summer Protocol exploit before executing it.
Final Summary 396.43 BNB was drained by the attacker in exchange for a small amount of BFB. A logical error in BFBToken’s price-defense mechanism was the root cause of this attack.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) Ethereum closed the week in the green with a modest 3% gain. Buyers wanted to push ETH higher, but sellers came in strong at the $1,800 key resistance and stopped the uptrend.
If bulls cannot break resistance, the price will have no choice but to reverse and approach support at $1,500. This would place this cryptocurrency in a range between $1,500 and $1,800.
Looking ahead, Ethereum had a brief relief rally that appears to have stopped. To resume it, the price has to turn $1,800 into support. Any failure there would give sellers another chance at new lows.
Source: TradingView Ripple (XRP) XRP is closing the week flat and remains near support at $1. Buyers attempted to push XRP beyond $1.18, but that resistance held, sending XRP into a pullback.
While support at $1 appears strong, sellers could attempt to break it again in the future. Repeated testing of a key support is a sign of weakness. Therefore, bulls should do their best to avoid another drop to $1.
Looking ahead, even if this cryptocurrency is taking its time to make up its mind, the overall trend remains bearish with clear lower lows and highs. This puts sellers in a favorable position. If support at $1 breaks, the next target is $0.85.
Source: TradingView Cardano (ADA) ADA continues to struggle since testing the $0.15 support. Buyers attempted to escape but lost momentum, allowing sellers to return. That’s also why the price only managed a modest 1% gain this week.
With buyers back on the defensive, a re-test of the key support appears likely. Should that not hold, then the next support is found at 10 cents, which will also serve as a key psychological level.
Looking ahead, Cardano remains very weak. Every bounce was sold into, and all attempts at a breakout since 2025 were rejected. This has sustained the current downtrend, which is still ongoing. Perhaps the support at $0.10 may change that later.
Source: TradingView Binance Coin (BNB) This week, Binance Coin only managed a 2% gain. However, that was insufficient to reclaim the support at $580, which is now acting as resistance. Because of that, sellers are likely to take BNB towards $500, which is the current support.
While the downtrend is intact and may continue to make lower lows, the sell volume has been declining since the start of 2026. At this rate, buyers could eventually gather enough strength to regain control.
Looking ahead, it looks like this cryptocurrency will test the support at $500 before buyers make their presence known in the order books. For this reason, it is best to wait for that level to be tested before taking any position.
Soource: TradingView Hype (HYPE) HYPE also managed only a modest 1% gain this week after sellers returned at the $72 resistance to push it lower. Since then, the price dropped to $66 and is struggling to maintain its uptrend.
More concerning is that the price is making lower highs. To bring back confidence, buyers will need to demonstrate strength, and the best way to do that is with a new all-time high in the future.
Looking ahead, if HYPE fails to break above $72, sellers will likely capitalize on this weakness and push it under $63, the current support. While that is not so bad, a drop below $60 will likely end the current uptrend.
> Ondo Trading Competition: trade tokenized stocks on BNB Chain for 0% fees, share $100,000
AnnouncementsPublished on: Jul 10, 2026
Share postIn BriefWe're excited to introduce the Ondo Trading Competition on Trust Wallet: a two-phase event where your trading activity can earn you a share of $100,000 in rewards. Not available to residents of certain countries and regions.
Download Trust Wallet
Phase 1 (July 10 10:00 UTC – July 22 10:00 UTC, 2026): Build cumulative trading volume by swapping Ondo-issued tokenized stocks on BNB Chain — including names like Nvidia, Tesla, and Apple — to climb the leaderboard and compete for a share of an $85,000 prize pool. Reach at least $10,000 in total volume to qualify, with rewards from $10,000 for 1st place down to $60 for top 500 finishers.
Phase 2 (July 22 10:00 UTC – August 6 23:59 UTC, 2026): If you traded at least $1,000 during Phase 1 campaign period, you can qualify for the $15,000 reward pool by maintaining a daily average balance of $500+ in eligible Ondo tokens over the following 15 days. The top 1,000 holders each receive $15 — and winning a leaderboard prize doesn't disqualify you from this pool, so you can win both.
Plus, access Ondo RWAs on Trust Wallet with 0% fees for a limited time, ending 7 August 2026.
How to Participate There are two ways to earn from the $100,000 pool during the campaign.
Prize Pool 1: Leaderboard Rewards ($85,000 pool) Event Period: July 10, 2026, 10:00 UTC – July 22, 2026, 10:00 UTC
Build cumulative trading volume by swapping eligible Ondo stocks on BNB Chain. The more you trade, the higher your trading volume, the higher your leaderboard placement.
You must reach a minimum of $10,000 in total cumulative trading volume to qualify for a leaderboard reward.
Rewards Structure
Placement Prize per user 1st$10,0002nd$6,0003rd$4,0004th – 10th$1,00011th – 50th$50051st – 100th$200101st – 200th$100201st – 500th$60Leaderboard rankings are based on cumulative swap volume across the full 12-day campaign window. Check your position here.
Qualifying Actions Only swaps of eligible Ondo tokenized stocks on BNB Chain listed in the campaign table below count toward your volume.
Each individual transaction must be a minimum of $10.
Weekend Boost: Six assets (CRCLon, SPYon, GOOGLon, QQQon, TSLAon, and NVDAon) are available for 24/7 trading and carry a 1.5x weekend boost on trading volume, applied Saturday 00:00:00 UTC – Monday 00:04:59 UTC.
Prize Pool 2: Holding Rewards Pool ($15,000 pool) Event period: 22nd July 2026 10:00 UTC – 6th August 2026 23:59 UTC
Eligibility: Trade at least $1,000 USD in volume in eligible tokens during the campaign period (July 10, 10:00 UTC – July 22, 10:00 UTC).
Holding requirement: Maintain a daily average balance of at least $500 USD in eligible Ondo tokens for 15 days (22nd July 2026 10:00 UTC – 6th August 2026 23:59 UTC) after the campaign ends. Trust Wallet will take a daily snapshot of balances and average them over the 15-day period.
Winners: The top 1,000 users, ranked by average holding balance, each receive $15.
Notes:
Eligible tokens are the same as Prize Pool 1, converted to USD at the time of each snapshot.
Winning a leaderboard prize (Pool 1) doesn't disqualify you from this pool — you can win both.
Trust Wallet reserves the right to add or modify this list during the campaign. Please stay tuned to our X for updates.
How to Get Started Make sure you have the latest version of the Trust Wallet app.
Open the markets page and find eligible Ondo tokenized stocks on BNB Chain.
Swap any eligible asset to begin building your volume. Trade $10 or more per transaction.
Track your leaderboard position throughout the campaign here.
Keep trading until July 22, 2026, 10:00 UTC to maximize your placement.
Terms & Conditions Participation is open only to individuals who:
are 18 years or older;
reside in a jurisdiction where participation is lawful and not restricted, sanctioned, or otherwise prohibited;
comply at all times with Trust Wallet's Terms of Service and all relevant laws and regulations; and
are not an employee, contractor, or immediate family member of an employee or contractor of Trust Wallet, or of any third party directly involved in administering this campaign.
This campaign is not available to residents in some markets and geographies. Please see here for the full list.
Only swaps of eligible Ondo tokenized stocks conducted on BNB Chain through Trust Wallet (in-app and Trust Wallet browser extension only) count toward qualifying volume.
Details on reward distribution for eligible users will be shared on this blog and Trust Wallet's official channels within 30 business days of the campaign end date.
Each qualifying transaction must be a minimum of $10.
Leaderboard rewards (Prize Pool 1): Require a minimum of $10,000 in cumulative trading volume during the Phase 1 campaign period (July 10, 2026, 10:00 UTC – July 22, 2026, 10:00 UTC). Trust Wallet's calculation of cumulative trading volume and leaderboard rankings shall be final and binding absent manifest error; Trust Wallet reserves the right to correct calculation errors or adjust rankings to address suspected manipulation or extraordinary market conditions.
Holding rewards (Prize Pool 2): Require a minimum of $1,000 in trading volume during the Phase 1 campaign period (July 10–22, 2026), followed by maintaining a daily average balance of at least $500 in eligible Ondo tokens over the 15-day holding period (July 22, 2026, 10:00 UTC – August 6, 2026, 23:59 UTC). Trust Wallet will take daily snapshots of eligible token balances, converted to USD at the time of each snapshot, and average them across the 15-day period. The top 1,000 users, ranked by average holding balance, will each receive the reward. Rankings and balance calculations shall be final and binding absent manifest error.
Users who qualify for both a leaderboard reward (Pool 1) and holding reward (Pool 2) will receive both rewards.
Six eligible assets receive a 1.5x weekend volume boost, applied Saturday 00:00:00 UTC – Monday 00:04:59 UTC.
Trust Wallet and any relevant campaign organizers reserve the right to disqualify any user or wallet address from this competition and withhold any associated rewards if there is reasonable suspicion of dishonest or abusive behavior. This includes but is not limited to: engaging in wash trading or any other suspicious or harmful activity. Users or wallet addresses found to have engaged in such behavior may be excluded from future Trust Wallet campaigns.
By participating, you acknowledge that certain information, including your wallet address, device ID, and swap and balance activity, may be collected and used by Trust Wallet to verify eligibility, calculate rankings, and administer this campaign, as described in Trust Wallet's Privacy Policy.
Any unallocated prizes may be reserved by Trust Wallet for future campaigns.
Trust Wallet reserves the right at any time in its sole and absolute discretion to amend or vary these terms without prior notice, including canceling, extending, terminating, or suspending this competition.
Download Trust Wallet
Disclaimer: These assets are a tokenized version of the underlying asset and are designed to track its performance. The terms, rights, and redemption conditions vary and are set by the issuer. See the Ondo Finance website for more information and their terms. Asset prices may vary and are subject to market risk. This content is for general information purposes only and is not intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Always DYOR. Subject to Ondo Finance's Terms of Service and ours.
Join the Trust Wallet community on Telegram. Follow us on X (formerly Twitter), Instagram, Facebook, Reddit, Warpcast, and Tiktok
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
Simple and convenient to use, seamless to exploreDownload Trust WalletDownload Trust Wallet
BNB Chain on Wednesday unveiled plans for a purpose-built layer-1 blockchain designed specifically for AI agents that trade, pay, and operate onchain without human intervention, arguing that existing blockchain infrastructure was not built for the speed and privacy requirements autonomous systems demand.
The new network, detailed in BNB Chain's H2 2026 technical roadmap, will run alongside the existing BNB Smart Chain rather than replace it. A public testnet is planned for late 2026, with mainnet launch targeted for early 2027.
"Six months ago, BNB Chain set three priorities for BSC: speed, throughput, and protocol stability," the developers wrote. "This roadmap opens with the receipts and closes with what comes next — a second half focused on doubling performance again, and an architecture designed for the decade ahead."
The core problem
BNB Chain's argument is straightforward: AI agents may be ready to trade crypto, but the infrastructure they would trade on is not. Blockchains with public mempools — where pending transactions sit visible before confirmation — create latency and expose agents to front-running. Traditional financial markets move in microseconds; most blockchains confirm transactions in hundreds of milliseconds or longer.
The response is TxStream, a component of the new layer-1 that eliminates the public mempool entirely. Instead of broadcasting transactions to a shared pool, TxStream routes them directly to block leaders, cutting latency and removing the window where MEV (maximal extractable value) bots can observe and front-run agent activity.
The technical targets are ambitious. BNB Chain said the new network is designed to eventually handle more than 100,000 transactions per second — roughly 19 times current Bitcoin network throughput — with transaction confirmation targeted at under 50 milliseconds and block finality under one second. By comparison, BNB Smart Chain currently confirms blocks at 450 milliseconds, down from 750 milliseconds at the start of 2026.
Building on a foundation already in motion
The new layer-1 does not start from zero. BNB Chain's H1 2026 work already laid groundwork: block intervals were reduced from 750 milliseconds to 450 milliseconds; in-memory finality dropped from 1,125 milliseconds to 650 milliseconds; benchmark throughput nearly doubled from roughly 2,800 TPS to 5,200 TPS following the Osaka/Mendel hard fork.
Four technical upgrades drove those gains: Block-Level Access List (BAL), which pre-declares state access patterns to enable faster execution and future parallel processing; Incremental Snapshot for faster node synchronization; EVM SuperInstruction, which fuses common opcode sequences to reduce interpreter overhead; and Extended Voting Rules, which tightened the fast finality mechanism under adverse network conditions.
Quantum and the longer horizon
Beyond speed, the roadmap flags quantum-resistant security as a forward-looking priority. BNB Chain said it is researching post-quantum cryptography to protect against a future where sufficiently advanced quantum computers could decrypt data collected today. The work is at the research phase, but the approach uses account abstraction to allow users to adopt quantum-safe security without changing wallet addresses.
"There's no finish line here," the developers wrote. "Quantum computing will keep evolving, and so will our testing and research. The point is that when it matures, BNB Chain's infrastructure is already prepared."
The competitive context
BNB Chain is not alone in building for AI agents. The infrastructure layer for autonomous on-chain agents has become one of the more active construction zones in crypto.
In March, Tempo — backed by Stripe — launched a payments-focused layer-1 alongside the Machine Payments Protocol, an open standard for AI-to-AI and AI-to-service transactions. MoonPay that same month released the Open Wallet Standard, a framework developed with contributions from PayPal, Ethereum Foundation, Solana Foundation, and Ripple, aimed at letting AI agents manage funds and execute transactions across chains.
In May, Amazon Web Services partnered with Coinbase and Stripe to launch Amazon Bedrock AgentCore Payments, which allows AI agents to use USDC stablecoins to pay for APIs, data feeds, and online services. Coinbase followed in June with Coinbase for Agents, a product enabling AI agents to trade crypto, make payments, and manage portfolios within user-defined parameters.
BNB Chain's approach is differentiated by its focus on dedicated chain infrastructure versus payment rails or wallet standards — but it enters a field where major platforms are already building.
A structural bet on agentic AI
The announcement reflects a broader wager in the crypto infrastructure space: that AI agents will become a primary driver of on-chain transaction volume, and that the chains which can accommodate their requirements — speed, privacy, predictable fee structures — will capture that demand.
BNB Chain is also explicit about its commercial motive. The H2 roadmap lists three commitments beyond raw performance: advanced resource isolation so one application's traffic spikes do not degrade another's performance; refined gas fee structures to reduce entry costs for both Web2 and Web3 enterprises; and new token standards making it easier to issue and move stablecoins.
Resource isolation and precision gas pricing are, in part, an acknowledgment of a persistent DeFi problem: popular applications can saturate network capacity, slowing everything else. For AI agents running strategies across multiple protocols simultaneously, congestion on any single application could disrupt execution in ways that are costly or difficult to recover from.
The new layer-1 will face a testnet before it faces a verdict. Whether the architecture ships as specified, and whether developers building AI trading agents choose it over alternatives already in production, will determine whether the bet pays off.
As price weakness persists, Chainlink could retest a key support zone that has repeatedly attracted buying pressure in the past.
Chainlink (LINK) is down 4% this week, continuing to mirror the weakness dominant in the broader cryptocurrency market. Meanwhile, its price is approaching a major support zone on the daily chart.
Notably, this support around the $7.05 level is crucial as it has repeatedly cushioned weak price actions. How LINK reacts could prove decisive, as analysts watch whether the area can once again halt the broader downtrend.
Chainlink Targets the $7.05 Support The daily chart shows LINK retreating steadily after failing to hold higher price levels. Chainlink rebounded above $8 earlier in the week, reaching an intra-week high of $8.17 on Monday.
Notably, the level aligned closely with the 50-day simple moving average, an indicator that has repeatedly provided resistance in recent weeks. Again, the opposition at the level proved too strong for the upward momentum, with LINK eventually pulling back.
Over the past three days, the asset has dropped nearly 4% before the slight recovery today. Analysts expect deeper corrections, potentially targeting a 9% drop from here to the demand zone around $7.05.
Interestingly, this support has repeatedly acted as a point where previous rebounds start, making it one of the most important technical levels to watch. It was around this area that Chainlink rebounded during the February 6 market crash. The coin also recovered on June 6 and 25 from the same support.
Chainlink Price Analysis LINK Could Rebound to Nearby Resistance As such, a successful defense of the $7.05 support could allow buyers to regain control and push LINK higher. This could take the coin toward the nearby resistance at $9.47, a 22% rise from the current price of $7.73 and a 33% increase from the support.
Meanwhile, sustained bullish momentum and an improving broader market condition could push LINK to $10.80, highs last seen in May. This would represent a 53% increase from the support level and a 39% rise from the current price.
However, all these levels depend on Chainlink holding the $7.05 support. Breaking below could see the coin retest the next demand zone below at $6.60.
In the meantime, LINK appears to be rebounding today without a corresponding market participation, which is a concerning trend.
Chainlink Spot and Futures Volumes/Coinglass Spot volume has dropped 5% to $5.11 million in the past 4 hours. Futures volume has also declined 14% to $39.35 million in the same timeframe as derivative momentum weakens. A price rise without increased market activity typically ends up being a relief rally before the next leg down.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Chainlink (LINK) trades above $7.90 on Friday, extending its recovery after posting modest gains in the previous day. Institutional demand shows signs of optimism, with spot Chainlink Exchange Traded Funds (ETFs) logging a second straight day of inflows so far this week. In addition, growing ecosystem adoption through Mantle Super Portal and Aave's integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) is supporting LINK's bullish outlook.
Institutional demand shows early signs of strengthInstitutional demand shows signs of optimism so far this week. SoSoValue data shows that spot ETFs recorded inflows of $565,680 on Thursday, following an inflow of $74,260 the previous day. If these inflows continue to strengthen, LINK price could extend the ongoing recovery.
Total LINK spot ETF net inflow daily chart. Source: SoSoValueGrowing ecosystem adoption boosts LINKMantle X account announced on Thursday that its Mantle Super Portal, built with Bybit, is upgrading to Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its exclusive cross-chain infrastructure, unlocking enterprise-grade security at scale.
During the same period, Aave announced the launch of Stable Vaults, enabling businesses to embed fixed-rate stablecoin yield into any product, powered by Chainlink CCIP and Price Feeds.
These partnerships and the growing adoption of Chainlink's CCIP signal a bullish long-term outlook for Chainlink and its native token, LINK, boosting ecosystem growth and bolstering investor confidence.
In the short term, these announcements lift prices slightly, with LINK extending its recovery and trading above $7.90 on Friday.
Chainlink Price Forecast: LINK could extend gains if it closes above 50-day EMAChainlink price trades at $7.90 on Friday, extending its rebound after mild gains in the previous day. LINK maintains a capped tone as it holds below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which all cluster well above price.
The immediate cap emerges at the 23.6% Fibonacci retracement at $7.92, with the 50-day EMA next near $8.12, while the Relative Strength Index (RSI) is around 51 and a positive Moving Average Convergence Divergence (MACD) reading hints at modest upside momentum that so far fails to dislodge these overhead barriers.
On the topside, initial resistance is seen at $7.92 from the 23.6% Fibonacci retracement, followed by the 50-day EMA at roughly $8.12 and the 38.2% Fibonacci retracement level near $8.48. Further up, the 100-day EMA at about $8.68 and the 50% retracement around $8.94 form a thicker supply band ahead of $9.40 and the horizontal cap near $9.93.
On the downside, support is scarce until the horizontal floor around $7.20, with the Fibonacci anchor near $7.01 acting as a deeper line of defense should sellers regain control.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Chainlink‘s native token LINK has been trading within a falling wedge pattern against Bitcoin for several months, a technical structure typically seen during extended periods of selling pressure and sideways price action. As the price now approaches the lower boundary of this wedge, buyers are attempting to defend the current level, keen to stave off further declines.
Falling wedge formation draws attentionAccording to analyst Time Freedom, the monthly LINK/BTC chart shows the emergence of this pattern, marked by lower highs and weakening price action since LINK’s last peak. This trend suggests that while selling pressure has not vanished entirely, it may have gradually eased compared to earlier phases.
On the chart, LINK appears to be nearing the final stage of the wedge formation. These periods are often accompanied by heightened volatility as the tussle between buyers and sellers intensifies. A break above the upper trend line could indicate the weakening of the prevailing downtrend. Conversely, a continued rejection at this level may prolong the consolidation phase.
Glossary: A falling wedge is a technical formation characterized by both lower highs and lower lows, with price movement narrowing over time. It often indicates the potential for a trend reversal, but is not a definitive signal on its own and requires confirmation from a breakout.
On longer timeframes, the relative strength index (RSI) remains close to its lower ranges, highlighting the limited market momentum compared to previous cycles.
As Time Freedom’s chart shows, LINK is advancing toward the end of the falling wedge formation, a stage that is typically marked by increased volatility due to intensified competition between buyers and sellers.
Short-term resistance at 7.65 dollars stands outAnalyst CryptoWZRD observed that LINK ended the week with a weak trend and highlighted $7.65 as a key resistance for the next move. A sustained break above this level could open room for a stronger recovery. Otherwise, the price may continue moving within a sideways range.
During intraday trading, LINK closed around $7.60 to $7.70. Although there has been only a limited uptick over the last 24 hours, indicators are not yet confirming a clear shift in direction. While buyers are attempting to gain ground, the market remains focused on whether this momentum can be sustained.
Focus shifts to momentum change across the Chainlink ecosystemChainlink remains a crucial infrastructure in the crypto ecosystem thanks to its decentralized oracle service, providing external data to blockchain applications. As a result, LINK’s technical setup is being closely monitored, not just for its price action but also as a sign of broader risk appetite within the Chainlink ecosystem.
Technical charts show LINK’s trading volume remains notably lower compared to previous periods. With its all-time high around $52.70, the current structure raises questions about whether buyers can gather enough strength to halt the recent downtrend and defend critical support zones.
At the moment, LINK finds itself balancing potential for a wedge breakout with ongoing sideways consolidation. In the near term, the $7.65 level continues to serve as a key indicator for market direction, widely watched by traders and analysts alike.
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.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn is pleased to launch a promotion on Simple Earn Flexible Products for eligible users in MENAT( Excluding Jordan) Eligible users can subscribe to either USDT or USDC Flexible Products and enjoy an exclusive 30% in Bonus Tiered APR rewards for 5 days. Promotion Period: 2026-07-10 08:00 (UTC) to 2026-09-30 23:59 (UTC) Enjoy Up to 30% APR Rewards with USDT/USDC Flexible Products Only verified MENA, Pakistan & Turkey users who have never subscribed to Simple Earn Flexible or Locked Products across all tokens prior to 2026-07-10 08:00 (UTC) are eligible for this special offer. It may take up to 48 hours before newly registered users can see and subscribe to the special offer. Subscription Format: Maximum five (5) days of subscription period.* Complete subscription on a first-come, first-served basis in accordance with the terms below.Reward Payout: Bonus Tiered APR: Distributed to users’ Spot Accounts on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).Real-Time APR: Accrued and directly accumulated in users’ Earn Accounts every minute. Simple Earn Flexible Products Special Offers Digital AssetDurationAPR During the Promotion PeriodPromotion PeriodMin. Subscription Limit per UserMax. Subscription Limit per UserUSDTUp to 5 Days*Tier 1 (0 - 200 USDT)Tier 2 (> 200 USDT)2026-07-10 08:00 (UTC) to 2026-09-30 23:59 (UTC)1 USDTUnlimitedReal-Time APR+30% Bonus Tiered APRReal-Time APRUSDCUp to 5 Days*Tier 1 (0 - 200 USDC)Tier 2 (> 200 USDC)2026-07-10 08:00 (UTC) to 2026-09-30 23:59 (UTC)1 USDCUnlimitedReal-Time APR+30% Bonus Tiered APRReal-Time APR Subscribe Now Terms & Conditions: Only MENA, Pakistan and Turkey users (except Jordan, Dubai Entity and BH Entity) are eligible for this Activity. These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Promotion Period can qualify for rewards in the Promotion, and only master accounts qualify for Bonus Tiered APR rewards in the Promotion. Sub-accounts are not eligible to receive Bonus Tiered APR rewards. The products or features referred to above may not be available in users’ regions. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Simple Earn. Rewards:Real-Time APR is subject to change every minute, please refer to the respective product page(s) for accurate information. Real-Time APR rewards are accrued and directly accumulated in users’ Earn Accounts every minute.Bonus Tiered APR rewards are offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC). Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Account.Any redemption of Flexible Products made between 00:00:00 (UTC) and 00:00:00 (UTC) of the following day will stop the accrual of Bonus Tiered APR rewards on the redeemed amount for that day.Redemptions of Flexible Products will be processed starting with assets that have accrued rewards. Users can check the rewards history from the Earn History. Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.All users who subscribe to Simple Earn Flexible Products Special Offers will receive both Real-Time APR and Bonus Tiered APR rewards for up to 5 days during the Promotion Period.* Before the Promotion ends, users can enjoy the Special Offer within the 5-day period after the first subscription. Redemption within the 5-day period will terminate the reward accrual of the Bonus Tiered APR rewards from the redemption day. After the Promotion ends, users will only be entitled to Real-Time APR rewards. Example: New User A subscribes to USDT/USDC Flexible Products on 2026-07-21, redeems on 2026-07-24, and resubscribes on 2026-07-25. Bonus Tiered APR rewards will accrue on 2026-07-22, 2026-07-23, and 2026-07-26, and be distributed to User A on 2026-07-23, 2026-07-24, and 2026-07-27. APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. This Promotion is not associated with the issuer of USDT or USDC in any manner.A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.Users can view their Flexible Products assets by going to Assets > Earn > Simple Earn > Flexible.Redemption time for Flexible Products subscriptions: Instant.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.Additional Promotion terms and conditions can be accessed here.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-10 USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
24 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
24 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
24 minutes ago
QCP: Japan's bond market stabilization drives Bitcoin rebound to near $64,000
QCP Capital has released a new report, noting that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000. While Middle East geopolitical risks, a stronger U.S. dollar, and the Federal Reserve’s hawkish stance continue to weigh on risk assets, Bitcoin has demonstrated some resilience in the $60,000 range. The report adds that future trends will hinge primarily on the global liquidity environment, U.S. inflation data, and the outcome of the Bank of Japan’s month-end meeting.
24 minutes ago
US crypto concept stocks rose in pre-market trading, with Circle surging nearly 8%.
According to market data from BIT (bit.com), U.S. crypto-related concept stocks advanced in pre-market trading. Circle jumped nearly 8% after the firm secured approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up its national digital currency bank. Strategy rose nearly 5%, Coinbase gained over 4%, and Robinhood climbed more than 3%.
24 minutes ago
Ark Invest increased its Circle stock holdings by $13.7 million and trimmed its Robinhood positions.
Cathie Wood’s investment firm Ark Invest added to its holdings in Circle Internet Group on Thursday while offloading part of its Robinhood stake. Latest trading disclosures show Ark purchased a total of 217,896 Circle shares via its three ETFs—ARKK, ARKW, and ARKF—valued at roughly $13.7 million based on Thursday’s closing price of $63.01 per share. Separately, Ark sold 85,319 Robinhood shares worth $9.8 million.
Circle Internet Group, the fintech company behind USDC, one of the world’s largest US dollar-backed stablecoins, has secured final approval from the Office of the Comptroller of the Currency to launch Circle National Trust, a federally regulated national trust bank that will oversee key parts of the company’s digital asset infrastructure.
According to a Friday announcement, the approval places the bank under direct OCC supervision and is expected to enhance the regulatory framework supporting USDC through federally regulated custody, with reserve management planned as a future capability.
Advertisement
Circle National Trust will initially provide fiduciary digital asset custody services for Circle and affiliated entities, the company noted. Under its approved business plan, the bank may later expand those services to a limited number of institutional customers, including banks and regulated financial institutions.
Circle also said the charter is designed to eventually allow management of the USDC Reserve within the national trust bank, bringing reserve operations under federal oversight.
The OCC approval marks one of Circle’s most important regulatory achievements to date and reflects the company’s strategy of operating within established financial regulatory frameworks.
The stablecoin issuer has steadily expanded its regulated presence globally, including obtaining approvals under the European Union’s MiCA framework and licenses across multiple international jurisdictions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Circle Internet Group has received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank.
Summary
Circle secured final OCC approval to establish a federally supervised national trust bank in America. The bank will initially provide digital asset custody services to Circle and affiliated companies only. Future plans may include institutional custody and management of reserves backing the USDC stablecoin directly. The new institution will operate as Circle National Trust. Its legal name will remain First National Digital Currency Bank, N.A., according to Circle’s July 10 announcement.
Circle National Trust gains federal approval The OCC approval places Circle National Trust under direct federal supervision. The regulator oversees national banks and national trust banks across the United States.
Circle has received final OCC approval to establish First National Digital Currency Bank, N.A., a national trust bank operating as Circle National Trust.
A major U.S. regulatory milestone that strengthens USDC infrastructure through federally regulated custody, with reserve… pic.twitter.com/GtThvFV5aW
— Circle (@circle) July 10, 2026 Circle said the bank will initially offer fiduciary digital asset custody services to Circle and its affiliates. It will not operate like a traditional commercial bank that accepts deposits and provides consumer loans.
However, Circle National Trust may later provide custody services to a limited group of institutional clients. Its approved business plan names banks, financial institutions and regulated derivatives organizations as possible customers.
The company said the charter could also support future management of the reserves backing USD Coin. Still, Circle has not confirmed when or whether the bank will assume that role.
Circle co-founder and CEO Jeremy Allaire described the approval as “a defining step” in bringing blockchain systems into the U.S. financial sector. He said federal supervision would provide clearer governance for institutions using public blockchains.
USDC reserve management remains a future plan USDC currently operates through Circle’s existing regulated entities and reserve arrangements. Circle National Trust’s planned role would add a federally supervised custody layer to that structure.
Circle said future reserve management through the trust bank could provide more direct oversight of assets backing USDC. The stablecoin is designed to maintain a value of $1 through reserves that include cash and short-term U.S. government securities.
The company added that the national charter would align its infrastructure with the fiduciary standards applied to traditional trust banks. These institutions safeguard assets for clients but do not usually provide the full range of services offered by commercial banks.
Meanwhile, the OCC granted Circle and several other digital asset companies conditional charter approvals in December 2025. The group included Ripple, Paxos, BitGo and Fidelity Digital Assets.
Circle had to meet the OCC’s pre-opening conditions before receiving final authorization. The company submitted its original application on June 30, 2025.
Approval follows wider US stablecoin regulation Circle’s approval follows the introduction of a federal framework for payment stablecoins. The GENIUS Act established reserve, reporting and compliance rules for approved stablecoin issuers.
As reported by crypto.news, stablecoin use has expanded across payments and settlement, with USDC gaining adoption among regulated financial firms and payment companies.
Circle said the charter supports USDC’s use in payments, capital markets and settlement. However, a national trust charter does not make USDC a bank deposit, nor does it provide federal deposit insurance to token holders.
The charter also does not mean Circle National Trust can immediately offer every service listed in its long-term plans. New products remain subject to regulatory requirements, internal controls and further operational work.
Crypto trust charters face banking industry criticism Circle’s approval comes as banking groups question the OCC’s decision to grant national charters to crypto companies.
The Bank Policy Institute considered legal action over the regulator’s charter policy. The group argued that crypto trust banks could offer bank-like products without facing the same rules as full-service lenders.
Other banking organizations have also asked the OCC to limit or revise its approach. They have raised concerns about financial stability, consumer protection and the legal scope of national trust charters.
Circle has maintained that federal supervision will strengthen its governance and compliance standards. The company also holds regulatory approvals in the European Union, Singapore, Bermuda, Canada, the United Kingdom and Abu Dhabi.
Circle became the first company to receive a New York BitLicense in 2015. It later became one of the first major stablecoin issuers to comply with the European Union’s Markets in Crypto-Assets framework.
KuCoin Pay, the native crypto payment solution of KuCoin, has expanded its accessibility to 5 more countries. In this respect, KuCoin Pay has integrated regional transfer and scan-and-pay services across Argentina, Zambia, Bangladesh, Mexico, and Peru. As per KuCoin’s official press release, the launch focuses on making crypto payments relatively practical by bridging digital assets with broadly utilized regional payment systems. Thus, the expansion unveils QR-based payments in Peru and Argentina, while enabling mobile wallet and bank transfers in Zambia, Bangladesh, and Mexico.
We are thrilled to announce that KuCoin Pay has integrated local scan and transfer capabilities across 5 MORE nations: Argentina, Peru, Mexico, Bangladesh, and Zambia! 🚀
✅ Scan & Pay: Smooth QR payments in 🇦🇷 & 🇵🇪 (Mercado Pago, Yape, Plin)
✅ Local Transfers: Direct bank… pic.twitter.com/2g2XJFknmV
— KuCoin (@kucoincom) July 9, 2026 KuCoin Pay Expands Integration of Crypto-Powered Payments in 5 Exclusive Countries The expansion of crypto payment integration across Argentina, Zambia, Bangladesh, Mexico, and Peru permits KuCoin to fortify accessibility of Web3 payments for daily use. Additionally, the platform keeps supporting automatic conversion from over fifty crypto assets into regional fiat currencies. The exclusive expansion comes after the former integrations in Switzerland, Philippines, Vietnam, and Brazil.
Extension of localized payment solutions to 5 new countries lets KuCoin streamline crypto spending. In doing so, it does not require consumers to shift between diverse local financial applications. At the moment, KuCoin Pay currently backs QR-code-based payments via leading local payment networks in Peru and Argentina. Users can utilize Scan & Pay capability to accomplish transfers with the scanning of merchant QR codes directly within the official KuCoin app.
Keeping this in view, the integration is set to simplify buyouts at diverse retail stores, businesses, cafés, and restaurants where QR payments are accepted. When it comes to Mexico, Zambia, and Bangladesh, KuCoin Pay has unveiled regional transaction functionality to connect directly with popular financial rails. Therefore, Mexican consumers can perform bank transactions via the SPEI payment mechanism. Additionally, the Bangladesh-based users can transact capital to Nagad and bKash mobile wallets.
Strengthening Payment Accessibility, Security, and Speed via Localized Infrastructure At the same time, Zambia-based clients can carry out transactions via Airtel and MTN platforms, enabling sending through registered mobile numbers or bank accounts. The supported cryptocurrencies include Bitcoin ($BTC), $KCS, $USDC, and $USDT. According to KuCoin, this localized payment framework is poised to enhance convenience for international travelers and residents. Overall, with this move, KuCoin endeavors to continue improving localization, security, and transfer speeds amid the growing crypto payment adoption.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin mining company Cango will implement a 1-for-10 share consolidation.
Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.
14 minutes ago
Israel is willing to participate in strikes against Iran and is awaiting a statement from Trump.
Israel has informed the U.S. of its willingness to join further American military operations against Iran, and is currently awaiting a decision from U.S. President Donald Trump. Sources said Israel believes the new round of U.S.-Iran military conflict could last several more days. The Israeli Air Force, air defense, and intelligence units are on high alert, with the Israel Defense Forces (IDF) maintaining close coordination with the U.S. military. (CCTV)
14 minutes ago
BlackRock transfers approximately 8,700 ETH to Coinbase Prime, valued at around $15.81 million.
According to monitoring by Onchain Lens, BlackRock transferred approximately 8,700 ETH from its wallet linked to its Ethereum spot ETF to Coinbase Prime, valued at roughly $15.81 million based on current prices.
14 minutes ago
QCP: Japan's bond market stabilization drives Bitcoin rebound to near $64,000
QCP Capital has released a new report, noting that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000. While Middle East geopolitical risks, a stronger U.S. dollar, and the Federal Reserve’s hawkish stance continue to weigh on risk assets, Bitcoin has demonstrated some resilience in the $60,000 range. The report adds that future trends will hinge primarily on the global liquidity environment, U.S. inflation data, and the outcome of the Bank of Japan’s month-end meeting.
14 minutes ago
US crypto concept stocks rose in pre-market trading, with Circle surging nearly 8%.
According to market data from BIT (bit.com), U.S. crypto-related concept stocks advanced in pre-market trading. Circle jumped nearly 8% after the firm secured approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up its national digital currency bank. Strategy rose nearly 5%, Coinbase gained over 4%, and Robinhood climbed more than 3%.
14 minutes ago
Ark Invest increased its Circle stock holdings by $13.7 million and trimmed its Robinhood positions.
Cathie Wood’s investment firm Ark Invest added to its holdings in Circle Internet Group on Thursday while offloading part of its Robinhood stake. Latest trading disclosures show Ark purchased a total of 217,896 Circle shares via its three ETFs—ARKK, ARKW, and ARKF—valued at roughly $13.7 million based on Thursday’s closing price of $63.01 per share. Separately, Ark sold 85,319 Robinhood shares worth $9.8 million.
Artificial intelligence is reshaping crypto security on both sides of the fence. Attackers are using it to find vulnerabilities faster. Defenders are scrambling to keep up. And the traditional one-time smart contract audit, long a cornerstone of protocol security, is starting to look dangerously inadequate.
One-Time Audits Are No Longer Enough TRM Labs head of policy Ari Redbord put it plainly: "Our data argues for continuous review rather than a one-time audit," adding that "attack techniques are moving faster than a single audit from launch day can account for." The warning follows a period of sustained losses across the industry. According to CertiK's Hack3d: H1 2026 Report, crypto projects lost about $1.32 billion across 344 incidents in the first half of 2026. The headline figure looks better than it is. The total is lower than the $2.47 billion stolen in the same period last year, but that comparison is skewed by a single $1.45 billion Bybit hack that dominated 2025 figures. Excluding that incident, losses in 2026 were significantly higher than in the comparable period, suggesting the overall security environment has not improved.
TRM's own analysis found that the number of incidents more than doubled from 83 to 207 in H1, the highest number TRM has recorded across a six-month period, with smart contract exploits accounting for 125, or 60%, of those incidents. One of the strategies attackers have adopted is to revisit old codebases, with CertiK noting their efforts have likely been "aided by improved automated tooling for identifying latent vulnerabilities at scale."
A Four-Year Zcash Bug Signals the Stakes The risks embedded in legacy code were thrown into sharp relief by a recent discovery at @zcash. A Shielded Labs security engineer found a major vulnerability using a custom auditing agent powered by Anthropic's Claude Opus 4.8. The bug has since been patched. The security vulnerability, which had existed for four years, could have enabled undetectable counterfeiting inside the Orchard shielded pool, one of the network's key privacy features. The issue was identified using a custom auditing agent built on Anthropic's Claude Opus 4.8.
CertiK warned that "the window of maximum vulnerability does not close after launch," urging projects operating legacy infrastructure to "treat reauditing as a recurring operational requirement rather than a one-time exercise conducted at deployment." There is more than $72.3 billion worth of crypto locked across hundreds of DeFi protocols, giving hackers ample incentive to pursue older, under-scrutinised code.
The picture that emerges is one where AI is compressing the timeline between a vulnerability being introduced and it being found, by whoever gets there first. For protocols still relying on a single pre-launch audit, the exposure is growing by the day.
Sources:
CoinTelegraph: AI is shortening the shelf life of crypto security audits, researchers warn
CoinTelegraph: Crypto Exploits Drop 47% in H1 But Danger Persists, CertiK
DailyCoin: Crypto Hackers Stole $1.3B in H1 2026
