Notícias de ETF de XRP: Sete Fundos Spot Superam US$ 1 Bi em AUM na 8ª Semana Consecutiva de Entradas
English日本語한국어繁體中文ไทยPortuguêsItalianoDeutschFrançaisEspañol Atualizado em 9 de julho de 2026. Os sete ETFs spot de XRP dos EUA agora detêm aproximadamente US$ 1 bilhão em ativos e cerca de 970 milhões de XRP após uma oitava semana consecutiva de entradas líquidas — mesmo com o preço do token XRP praticamente estagnado. Veja abaixo as últimas informações sobre os fluxos, o AUM e quais fundos estão na liderança.
Principais dados
Sete ETFs spot de XRP dos EUA estão em negociação; o AUM combinado está próximo de US$ 1 bilhão (~US$ 988 milhões), com aproximadamente 970,9 milhões de XRP travados até 8 de julho de 2026. As entradas líquidas acumuladas mantêm-se próximas de US$ 1,4 bilhão desde o lançamento em novembro de 2025. Os fundos registraram sua oitava semana consecutiva de entradas líquidas, incluindo +US$ 6,55 milhões em 2 de julho (após uma pequena saída de -US$ 1,86 milhão em 1º de julho). Líderes: Bitwise XRP ETF (1XRP) com ~US$ 245,3 milhões em AUM; Canary XRP ETF (2XRPC) com ~US$ 225,9 milhões; Franklin XRP ETF (3XRPZ) com ~US$ 167,9 milhões. Sete ETFs spot de XRP já somam cerca de US$ 1 bilhão O complexo de ETFs spot de XRP dos EUA cresceu para sete fundos desde o lançamento dos primeiros produtos em novembro de 2025, e seus ativos sob gestão combinados agora se aproximam da marca de US$ 1 bilhão — cerca de US$ 988 milhões em 8 de julho de 2026, segundo rastreadores de fluxo de fundos. Juntos, os fundos retiraram aproximadamente 970,9 milhões de XRP do mercado aberto para custódia regulada, número que continua subindo mesmo em meio à fraqueza no preço do XRP.
Esse crescimento responde a uma pergunta que muitos traders ainda buscam: sim, os ETFs spot de XRP estão em operação e sendo negociados nos EUA, e a lista se expandiu dos cinco fundos originais para sete, com emissores adicionais já protocolados. Esses veículos oferecem às instituições uma forma regulamentada de deter XRP sem precisar gerenciar chaves ou custódia próprias — a mesma mudança estrutural que remodelou a demanda por Bitcoin e Ether um ciclo antes.
Oito semanas seguidas de entradas líquidas A principal notícia sobre os fluxos é a consistência. Os ETFs spot de XRP dos EUA já registram sua oitava semana consecutiva de entradas líquidas, com um dia de +US$ 6,55 milhões em 2 de julho, após uma pequena saída de -US$ 1,86 milhão em 1º de julho. Cumulativamente, os fundos absorveram cerca de US$ 1,4 bilhão desde o lançamento, tendo atingido pico acima de US$ 1,5 bilhão no início da primavera antes de acomodar-se em um ritmo de acumulação mais estável.
Esse padrão é relevante porque reflete demanda spot, não alavancagem: cada criação de cota de ETF retira XRP real de circulação para um veículo de custódia, de modo que uma sequência sustentada de entradas reduz o float efetivo independentemente da movimentação de preço no curto prazo.
A divergência: instituições continuam comprando enquanto o preço estagna A parte mais marcante dessa história é o descompasso entre fluxos e preço. Os ETFs de XRP registraram oito semanas seguidas de entradas e quase um bilhão de dólares em ativos, mas o token XRP permanece fraco, oscilando em vez de subir com a demanda institucional. Analistas descrevem isso como uma configuração de mola comprimida — acumulação se formando sob um preço estagnado — mas também serve de alerta: as entradas por si só não bastaram para movimentar o mercado spot, enquanto o mercado cripto de forma geral opera com cautela diante da reunião do Federal Reserve de 28 a 29 de julho.
Para uma visão mais completa dos cenários otimista e pessimista para o token, veja nossa previsão de preço do XRP.
Qual é o maior ETF de XRP? Fundo Ticker AUM aproximado Bitwise XRP ETF 1XRP ~US$ 245,3M Canary XRP ETF 2XRPC ~US$ 225,9M Franklin XRP ETF 3XRPZ ~US$ 167,9M Valores de AUM referentes ao início de julho de 2026; os demais fundos completam o saldo do complexo de ~US$ 1 bi. Fonte: rastreadores de fluxo de ETFs de XRP.
O que observar a seguir Três fatores vão determinar se os fluxos finalmente se traduzem em preço. Primeiro, se a sequência de entradas se estender para uma nona e décima semana — quanto mais tempo as instituições acumularem durante a fraqueza, mais restrito se torna o float. Segundo, a reunião do FOMC de 28 a 29 de julho, o catalisador macroeconômico mais próximo para todo o mercado cripto. Terceiro, a sazonalidade: historicamente, julho tem sido o mês mais forte do XRP, com retorno médio próximo de +10%, então uma quebra da estagnação atual estaria alinhada com o calendário. Acompanhe os dados diários de fluxo e a contagem de tokens em custódia — esses são os indicadores mais relevantes de demanda até o próximo catalisador.
Perguntas frequentes Existem ETFs spot de XRP sendo negociados nos EUA em 2026?
Sim. Sete ETFs spot de XRP dos EUA estão em operação, acima dos cinco originais, detendo aproximadamente US$ 1 bilhão em ativos combinados até julho de 2026.
Quanto os ETFs de XRP já captaram?
As entradas líquidas acumuladas estão próximas de US$ 1,4 bilhão desde o lançamento em novembro de 2025, com uma oitava semana consecutiva de entradas líquidas até o início de julho de 2026.
Quanto XRP está travado em custódia de ETFs?
Cerca de 970,9 milhões de XRP distribuídos entre os sete fundos até 8 de julho de 2026 — número que continuou subindo mesmo com o preço do token permanecendo fraco.
Qual é o maior ETF de XRP?
O Bitwise XRP ETF (1XRP) lidera com aproximadamente US$ 245 milhões em AUM, seguido pelo Canary (2XRPC) e pelo Franklin (3XRPZ).
Aviso legal: Este artigo tem finalidade exclusivamente informativa e não constitui aconselhamento financeiro ou de investimento. Os valores de AUM e fluxo de ETFs são estimativas de terceiros e mudam diariamente. Investimentos em criptomoedas envolvem riscos, incluindo a possível perda do capital investido. Sempre faça sua própria pesquisa e consulte um assessor licenciado. Fontes: rastreadores de fluxo de ETFs de XRP, U.Today, TradingNews (julho de 2026).
In brief Ethereum Foundation researchers are using AI agents to red-team critical network infrastructure. The agents helped uncover a peer-to-peer software vulnerability that was later disclosed. AI-assisted audits have already surfaced bugs in blockchain projects, including Zcash. The Ethereum Foundation is using swarms of AI agents to attack Ethereum—before someone else does.
In a blog post on Thursday, Ethereum Foundation researchers on the Protocol Security team said they have deployed a series of AI agents against the software Ethereum relies on, hunting for vulnerabilities in cryptographic systems, protocol code, and smart contracts.
“We've been running coordinated AI agents against the kinds of systems the network depends on, like systems software, cryptographic code, and contracts that have to be right,” the researchers wrote. “The agents found real bugs.”
One of the bugs discovered included a remotely triggered panic in libp2p’s gossipsub, part of the peer-to-peer layer used by Ethereum consensus clients. The issue was fixed and disclosed on Github as CVE-2026-34219.
Known as red teaming, the practice involves companies deploying security researchers to attack their own systems, attempting to infiltrate or disrupt networks to uncover weaknesses before malicious hackers find them. While red teams attack a system, it's up to blue teams to defend it.
Human researchers have traditionally searched for vulnerabilities by reviewing code manually—but AI agents can scan entire codebases, test potential exploits, and generate findings for review.
“Agents finding bugs wasn't the surprise,” the team wrote. “The surprise was how little of the work went into finding them, and how much went into telling the real bugs from the ones that just looked real.”
According to the Ethereum Foundation, the agents are organized into specialized roles, including reconnaissance, hunting, gap-filling, and validation. Some search for possible attack paths, while others attempt to reproduce failures and verify whether they work against production code.
“The schema is there for a reason,” they wrote. “It forces a specific, testable claim and a clear definition of done. An agent that has to write down an observable proof can't fall back on "this looks risky."
The growing role of AI in vulnerability research was demonstrated in April, when a preview version of Anthropic’s Claude Mythos discovered 271 vulnerabilities in Mozilla’s Firefox browser.
The researchers compared AI agents to fuzzers, or tools that test software for flaws. However, unlike fuzzers, AI agents can generate vulnerability reports, assess impact, and create proof-of-concept tests.
But detailed does not always mean correct. AI-generated findings can appear convincing even when they are wrong, leaving researchers to filter out duplicates, false positives, and vulnerabilities that cannot actually be exploited.
"One rule matters more than any other. A candidate isn't a finding until there's a self-contained artifact that reproduces the failure against the real code, and that runs for someone who didn't write it," the researchers wrote. "The reproducer doesn't read the write-up, and it doesn't care how confident the model sounded. It either runs or it doesn't."
AI tools have already helped security researchers uncover flaws in blockchain networks.
In May, security researcher Taylor Hornby used Anthropic’s Claude Opus 4.8 during an AI-assisted audit that found a critical vulnerability in Zcash’s Orchard privacy pool. The flaw had existed for roughly four years and could have allowed an attacker to create counterfeit ZEC without an obvious on-chain trace. A network upgrade to restore confidence in Zcash’s supply is still in the works.
The Ethereum Foundation’s experiment brings the technology in-house, using AI agents to test its own code to find vulnerabilities.
“AI didn't replace the security researcher. It moved the work,” the Ethereum Foundation said. “Agents let us cover far more ground than we could by hand. In exchange, they ask for more careful judgment, across a much bigger pile of confident-sounding claims.”
“That's a trade worth making,” they added, “as long as you remember that the judgment is the real product.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Ethereum Foundation researchers are using AI agents to red-team critical network infrastructure. The agents helped uncover a peer-to-peer software vulnerability that was later disclosed. AI-assisted audits have already surfaced bugs in blockchain projects, including Zcash. The Ethereum Foundation is using swarms of AI agents to attack Ethereum—before someone else does.
In a blog post on Thursday, Ethereum Foundation researchers on the Protocol Security team said they have deployed a series of AI agents against the software Ethereum relies on, hunting for vulnerabilities in cryptographic systems, protocol code, and smart contracts.
“We've been running coordinated AI agents against the kinds of systems the network depends on, like systems software, cryptographic code, and contracts that have to be right,” the researchers wrote. “The agents found real bugs.”
One of the bugs discovered included a remotely triggered panic in libp2p’s gossipsub, part of the peer-to-peer layer used by Ethereum consensus clients. The issue was fixed and disclosed on Github as CVE-2026-34219.
Known as red teaming, the practice involves companies deploying security researchers to attack their own systems, attempting to infiltrate or disrupt networks to uncover weaknesses before malicious hackers find them. While red teams attack a system, it's up to blue teams to defend it.
Human researchers have traditionally searched for vulnerabilities by reviewing code manually—but AI agents can scan entire codebases, test potential exploits, and generate findings for review.
“Agents finding bugs wasn't the surprise,” the team wrote. “The surprise was how little of the work went into finding them, and how much went into telling the real bugs from the ones that just looked real.”
According to the Ethereum Foundation, the agents are organized into specialized roles, including reconnaissance, hunting, gap-filling, and validation. Some search for possible attack paths, while others attempt to reproduce failures and verify whether they work against production code.
“The schema is there for a reason,” they wrote. “It forces a specific, testable claim and a clear definition of done. An agent that has to write down an observable proof can't fall back on "this looks risky."
The growing role of AI in vulnerability research was demonstrated in April, when a preview version of Anthropic’s Claude Mythos discovered 271 vulnerabilities in Mozilla’s Firefox browser.
The researchers compared AI agents to fuzzers, or tools that test software for flaws. However, unlike fuzzers, AI agents can generate vulnerability reports, assess impact, and create proof-of-concept tests.
But detailed does not always mean correct. AI-generated findings can appear convincing even when they are wrong, leaving researchers to filter out duplicates, false positives, and vulnerabilities that cannot actually be exploited.
"One rule matters more than any other. A candidate isn't a finding until there's a self-contained artifact that reproduces the failure against the real code, and that runs for someone who didn't write it," the researchers wrote. "The reproducer doesn't read the write-up, and it doesn't care how confident the model sounded. It either runs or it doesn't."
AI tools have already helped security researchers uncover flaws in blockchain networks.
In May, security researcher Taylor Hornby used Anthropic’s Claude Opus 4.8 during an AI-assisted audit that found a critical vulnerability in Zcash’s Orchard privacy pool. The flaw had existed for roughly four years and could have allowed an attacker to create counterfeit ZEC without an obvious on-chain trace. A network upgrade to restore confidence in Zcash’s supply is still in the works.
The Ethereum Foundation’s experiment brings the technology in-house, using AI agents to test its own code to find vulnerabilities.
“AI didn't replace the security researcher. It moved the work,” the Ethereum Foundation said. “Agents let us cover far more ground than we could by hand. In exchange, they ask for more careful judgment, across a much bigger pile of confident-sounding claims.”
“That's a trade worth making,” they added, “as long as you remember that the judgment is the real product.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitcoin ETFs drew the headlines, but the bigger shift on Wall Street is still taking shape behind closed doors. Banks that tentatively warmed to crypto via regulated funds are now being asked a harder question: what do they actually understand about the protocols beneath the tickers? A new nonprofit called Ethereum Institutional aims to answer that. The organization, the original report shows, is stepping into a gap that the industry has often left to consultants and sell-side pitches — direct, neutral education for financial institutions about Ethereum’s mechanics, risks, and use cases.
That gap is not trivial. The same cohort of institutions that poured into spot Bitcoin products has been slower to engage with Ethereum beyond speculative exposure. Smart contracts, staking dynamics, L2 fragmentation, and MEV are not exactly standard curriculum on a trading floor. Ethereum Institutional’s launch suggests that demand for clarity is now coming from inside the building. When banks quietly begin asking structured questions, it often precedes allocation shifts, not just analyst notes.
The Education Gap Banks Won’t Admit Publicly Part of the problem has always been structural. Capital markets firms have processes for new asset classes, but permissionless blockchains don’t fit neatly into those checklists. Compliance teams need to understand slashing risks for staked ether, custody nuances for DeFi integration, and the legal ambiguity around onchain settlement finality. Traditional sell-side research covers price targets, not protocol-level risks in a way that helps an institutional investment committee. Ethereum Institutional appears designed to fill that exact void, acting as a translator between core Ethereum development and the language of balance sheets.
The timing isn’t accidental. Tokenization of real-world assets has crossed $20 billion onchain, and major players like JPMorgan and Ondo are already settling Treasury trades on rails that connect back to Ethereum-based infrastructure. A recent tokenization roundup of institutional moves shows just how rapidly custody, settlement, and asset issuance are migrating from proofs-of-concept to production. When the underlying plumbing involves Ethereum, a decision maker who can’t distinguish between mainnet and an L2 is operating at a disadvantage. That’s the kind of vulnerability this new nonprofit targets.
Meanwhile, Washington’s own battle over crypto legislation remains unresolved and banks are active participants. Lobbying efforts to reshape the biggest crypto bill in U.S. history just days before a Senate vote, as reporting on Capitol Hill maneuvering laid bare, show that institutions are not passive observers. They are actively shaping the rules. A nonprofit offering technical grounding could recalibrate those conversations — or at least ensure that arguments made in congressional offices aren’t based on a 2017 understanding of what Ethereum does.
Why the Ethereum Focus Matters Now Bitcoin’s narrative for institutions is relatively clean: digital gold, scarcity, portfolio hedge. Ethereum’s story is messier and richer. It’s about execution layers, gas markets, issuance rate shifts after the Merge, and an application ecosystem that produces real revenue. For a credit strategist or a macro desk, that complexity is noise unless framed around capital flows, fee sustainability, and settlement certainty. Ethereum Institutional will have to translate technical milestones — such as upcoming consensus upgrades or EIP fee adjustments — into language that informs risk committees without being promotional. The nonprofit structure matters here; it removes the suspicion that education is really just a sales pitch for a particular staking provider or DeFi protocol.
Developer activity data offers a side lens. Among top blockchains, Ethereum consistently leads in weekly developer engagement, as metrics tracking developer activity across networks illustrate. That signals a pipeline of innovation that banks cannot afford to ignore even if they choose not to deploy. Infrastructure firms serving institutions are already building on Ethereum’s L2s; understanding the roadmap is becoming as relevant as knowing the Fed’s dot plot for certain digital asset desks.
What Remains Untested For all the promise, education alone doesn’t solve accountability. The same banks that show up to learn about Ethereum may still face internal risk limits that prevent meaningful exposure to ether or DeFi products. Trust in Ethereum’s layer-1 neutrality doesn’t automatically extend to the application layer where hacks and governance risks remain concentrated. The nonprofit’s success will be measured not by conference attendance but by whether it helps institutions separate protocol risk from product risk — and whether that clarity leads to capital allocation, not just permission to explore.
There’s also the deeper cultural tension Wall Street rarely discusses. A nonprofit that explains Ethereum to banks is, in effect, helping centralized intermediaries understand a system designed partly to make them optional. That friction is unlikely to surface as open conflict, but it will simmer in decisions about custody models, validator concentrations, and the extent to which banks try to replicate onchain yields inside offchain wrappers. The education mission is straightforward; the second-order effects on market structure are not.
Right now, the launch of Ethereum Institutional is a signal that the conversation between crypto infrastructure and traditional finance is moving from the abstract to the operational. And when institutions start asking operational questions, market share tends to follow.
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.
The Ethereum Foundation said AI agents are good at finding vulnerabilities in the network infrastructure, but most are false positives, according to a blog posted Thursday.
"Agents finding bugs wasn't the surprise. The surprise was how little of the work went into finding them, and how much went into telling the real bugs from the ones that just looked real," the EF said.
The EF's Protocol Security team has been using coordinated AI agents to test critical network infrastructure, including systems software, cryptographic code and smart contracts. The agents have found real bugs, including "a remotely-triggerable panic in libp2p's gossipsub, a core part of the peer-to-peer layer Ethereum consensus clients run on," which has been fixed and publicly disclosed.
While the foundation said AI agents can quickly pinpoint potential vulnerabilities, the technology has simultaneously created a larger workload for human researchers, who must evaluate a growing number of potential bugs, or "candidates."
"Most candidates are wrong, duplicate, or out of scope. That's not a problem with the method; that's how it works," the EF wrote. "The goal is to reject the wrong ones fast and back the real ones with proof that's hard to argue with."
A potential vulnerability isn't considered a real finding until researchers can independently reproduce the failure against the actual code. The foundation also noted that AI agents can struggle to identify bugs that emerge across a sequence.
In other words, some of Ethereum's top security researchers consider AI to be a strong search tool, but not an oracle, so to speak.
"The time that used to go into coming up with and chasing down hypotheses now goes into judging them at scale, including building the oracle, running the triage, keeping the list of known issues, and handling disclosure," they said. "The bottleneck didn't go away. It moved from finding bugs to trusting the results, which is a better place for it, because that's where human judgment actually matters."
Thursday's blog comes on the heels of the EF's recent reorganization, which resulted in a new operational structure and the foundation shedding 20% of its total workforce.
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The Ethereum Foundation’s Protocol Security team said AI agents can help uncover real vulnerabilities in protocol code, but warned that the hardest part is not generating bug reports. It is proving which ones are real.
The Protocol Security Team has been pointing AI agents at Ethereum’s protocol code. Our core takeaway wasn't about finding bugs, it was about triage.
Here are field notes from the work.https://t.co/HVtc8XcrJK
— Ethereum Foundation (@ethereumfndn) July 9, 2026
In a new post, the team described how it has been running coordinated AI agents against systems Ethereum depends on, including systems software, cryptographic code, and contracts that require high assurance.
The agents found real bugs, including a remotely triggerable panic in libp2p’s gossipsub component, a core part of the peer to peer layer used by Ethereum consensus clients. The issue was fixed and disclosed as CVE 2026-34219.
The team said the result showed that AI agents can be useful in security research, but only when treated as search tools rather than authorities.
An agent can read code, form hypotheses, trace call paths, and draft proof of concept artifacts. But it can also produce reports that look convincing while relying on unreachable code paths, debug only crashes, duplicate issues, or weak formal proofs that do not actually capture the intended property.
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“Agents finding bugs wasn’t the surprise,” the team wrote. “The surprise was how little of the work went into finding them, and how much went into telling the real bugs from the ones that just looked real.”
The Foundation said its process uses many agents in parallel against a single target. The agents coordinate through the repository itself, sharing state in version control rather than relying on a central manager. Their work is divided across recon, hunting, gap filling, and validation.
Recon turns broad attack surfaces into specific testable hypotheses. Hunting follows one hypothesis through the code and attempts to build a reproducer.
Gap filling tracks what has already been accepted or rejected and generates new hypotheses to avoid repeating the same work. Validation independently checks each candidate, removes duplicates, and decides whether it qualifies as a real finding.
For a candidate to count, the team said it must include a reachable target, a clear invariant, a specific failure mechanism, observable proof, a self contained reproducer, and a deduplication key. The goal is to force every report into a concrete claim that can be tested against real code.
The Foundation emphasized one rule above the rest: reproducible or it did not happen. A candidate is not a finding until it includes an artifact that reproduces the failure against the actual code and can be run by someone other than the agent that produced it.
The requirement filters out false positives, from debug only crashes to reproducers built around inputs no attacker could reach. Some formal verification results also pass because the proof is too weak or trivially true, making the report look valid even when the security issue does not hold up.
The team said most candidates are wrong, duplicated, or out of scope, which is part of the workflow. The key is rejecting weak reports quickly while backing real findings with reproducible proof.
Each surviving candidate is checked for real world reachability and attacker cost. A bug any peer can trigger is different from one that requires special access or unrealistic resources.
The Foundation also warned that agents are uneven. They can read specs, draft reproducers, and state invariants, but they struggle with reachability, severity, and bugs that unfold across valid sequences. For those, agents work better as guides for stateful test harnesses than as replacements.
The post frames AI driven audits as a shift in security work, not a replacement for researchers. The bottleneck moves from generating hypotheses to judging them through triage, known issue tracking, artifact validation, and disclosure.
The Foundation said the core practices are not new. Reproducible failures, deterministic environments, clear invariants, careful triage, and human judgment are the same principles that made fuzzing standard practice. The tools have changed, but the bar for trusting results has not.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The Ethereum Foundation has revealed that the biggest challenge in AI-assisted security research has become proving which reported vulnerabilities are genuine rather than finding potential bugs.
Summary
Ethereum Foundation says verifying AI bug reports is harder than generating them. AI agents found a real libp2p vulnerability, later disclosed as CVE-2026-34219. The Foundation says human validation and reproducible proof remain essential for protocol security. According to the Ethereum Foundation’s Protocol Security team, recent experiments with coordinated AI agents uncovered real software flaws across systems that Ethereum depends on, but the organization said the majority of the effort now goes into separating valid findings from convincing false positives.
The team described the results in a technical post explaining how it has been testing AI agents against systems software, cryptographic libraries, and high-assurance smart contracts.
The Protocol Security Team has been pointing AI agents at Ethereum’s protocol code. Our core takeaway wasn't about finding bugs, it was about triage.
Here are field notes from the work.https://t.co/HVtc8XcrJK
— Ethereum Foundation (@ethereumfndn) July 9, 2026 One confirmed discovery involved a remotely triggerable panic in the gossipsub component of libp2p, which forms part of the peer-to-peer networking layer used by Ethereum consensus clients. The Ethereum Foundation said the vulnerability was fixed and later disclosed as CVE-2026-34219.
Instead of treating AI agents as decision-makers, the Foundation said they should be viewed as tools that generate hypotheses requiring independent verification. While agents can inspect source code, trace execution paths, and prepare proof-of-concept material, the Foundation said they also produce reports based on unreachable code, duplicate known issues, debug-only crashes, or weak formal proofs that fail to demonstrate a real security problem.
The team said the unexpected finding was not that AI could identify bugs, but that validating those reports consumed far more time than generating them.
Multi-agent workflow filters unreliable reports To reduce unreliable findings, the Ethereum Foundation said it deploys multiple AI agents against the same software repository, with each agent handling a different stage of the review process. Instead of relying on a central coordinator, the agents exchange information through the repository itself by sharing state in version control.
According to the Foundation, the workflow begins with reconnaissance, where broad attack surfaces are narrowed into specific testable ideas. Hunting agents then follow each hypothesis through the code and attempt to build a working reproducer. Gap-filling agents track accepted and rejected reports to avoid repeating earlier work, while validation agents independently examine every candidate, remove duplicates, and determine whether a report qualifies as a legitimate vulnerability.
The Foundation said every accepted report must identify a reachable target, define a clear security invariant, explain the failure mechanism, provide observable evidence, include a self-contained reproducer, and carry a deduplication key. These requirements are intended to ensure that every claim can be tested directly against production code.
Human validation remains the deciding factor At the center of the process, the Ethereum Foundation said one principle overrides everything else: a vulnerability does not count unless someone other than the reporting agent can reproduce it against the real codebase. According to the Foundation, this requirement removes reports built around impossible attack paths, debug-only failures, or formal verification results that appear mathematically correct without proving a meaningful security property.
Beyond technical validation, the Foundation said surviving candidates are also evaluated for practical exploitability. A flaw that any network participant can trigger carries different security implications than one requiring privileged access or unrealistic computing resources.
The Foundation added that AI agents remain inconsistent when judging exploit reachability, attack severity, or vulnerabilities that emerge only through long sequences of valid interactions. In those situations, it said the agents perform better as assistants for stateful testing frameworks than as replacements for experienced security researchers.
The latest security update comes only weeks after the Ethereum Foundation completed a major internal restructuring. In a June 23 announcement, the organization said it had reduced its workforce by about 20%, with 54 employees leaving following a months-long review under its Mandate and Treasury Management Policy.
According to the Foundation, the restructuring was intended to focus staff and resources on responsibilities that only the organization can perform while continuing long-term Ethereum development.
Ethereum [ETH] bulls might already be facing their biggest test of Q3.
On the macro front, risk-off sentiment returned quickly after the U.S.-Iran ceasefire collapsed, triggering a sharp market-wide sell-off and highlighting how sensitive risk assets remain to geopolitical developments. A recent Ethereum trader position highlighted this volatility.
According to Arkham Intelligence, an Ethereum trader opened an $86.99 million ETH short position, with liquidation set at $2,172. Notably, the position emerged after headlines surrounding the ceasefire collapse and the U.S. cutting off a trade deal with Spain, adding further pressure to market sentiment.
Source: X This suggests the position was likely a calculated bet on further downside rather than a random short.
Adding to the market uncertainty, Arkham Intelligence also flagged a wallet movement linked to Ethereum founder Vitalik Buterin, who transferred $1.6 million worth of ETH to a new wallet. The move sparked speculation that another sell-off could be coming, especially after recent ETH transfers from Vitalik.
With the market already shifting back into risk-off mode, the combination of possible sell-side pressure and a large $80 million ETH short position has created a more cautious setup for bulls. The key question now is whether this short position is an early signal of a deeper ETH breakdown or if bulls can defend key support levels and trigger a short squeeze.
Ethereum faces a critical support test as bearish pressure rises Ethereum sits at the crossroads of bearish market conditions and a strong technical setup.
While risk-off sentiment, rising short interest, and selling pressure support the bearish case, Ethereum is retesting the key $1,580 support level. This zone has acted as a major demand area over the past three years, triggering strong recoveries, including a +149% rally in October 2023 and a +203% in April 2025.
For bulls, defending $1,580 is therefore critical to keeping the bullish structure intact. Adding to the support narrative, Tom Lee-linked Bitmine continues to accumulate ETH. According to Lookonchain, Bitmine purchased another 40,000 ETH worth around $71.6 million. At the same time, staked ETH supply has reached a new all-time high of over 40 million ETH, representing around 33% of total supply.
Source: Validator Queue With this accumulation, ETH’s move above $1,750 looks more than just a short-term bounce.
Instead, bulls appear to be stepping in despite the broader risk-off environment, rising short interest, and market concerns around Vitalik’s recent ETH transfer.
If this momentum continues, the $80 million short position could come under pressure, with liquidation risk building around $2.7k. In this setup, Ethereum’s technical structure could be setting up a bear trap.
Rising spot activity alongside falling leverage suggests long-term buyers may be replacing speculative traders.
Ethereum (ETH) is trading at nearly 65% below its all-time high, with attention around the asset at an almost yearly low, even as its largest network upgrade since The Merge is due within weeks.
But an analyst tracking the setup says the gap between weak social interest and steady on-chain usage is the kind of divergence that has often come right before sharp moves for the cryptocurrency.
Glamsterdam Approaches as On-Chain Data Stays Firm In a July 9 post on X, pseudonymous analyst Wise Crypto noted that the Ethereum network has been processing roughly 450,000 active addresses despite social media discussion sitting near yearly lows.
According to them, the upcoming Glamsterdam upgrade could become a major catalyst, considering that it could increase Ethereum’s gas limit by three times and cut transaction fees by about 78%. It has also been said that it could lift throughput to about 10,000 transactions per second.
“Major catalyst. Minimal attention,” the market watcher wrote, while naming $1,754 as the ETH level worth watching. A sustained move above that area, according to them, could open the way toward $2,440, while failure to hold support could send the world’s second-largest crypto asset back toward $880.
Looking at CoinGecko data at the time of writing, ETH was trading just a few dollars below Wise Crypto’s stated resistance level, having dipped slightly (about 1%) in 24 hours but still gaining nearly 7% during the past week and about 3% over 30 days.
That quiet backdrop is sitting alongside some unusual exchange data shared by CryptoQuant contributor Amr Taha, who said that Binance’s 30-day ETH open interest change fell to -594,000 ETH earlier in the week, marking its deepest contraction since August 2024. Around the same time, ETH spot volume on OKX climbed to $2.09 billion, 49% higher than its best reading of the year, which was recorded on February 5.
You may also like: ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow? Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach According to Taha, the pairing is notable because a leverage flush alongside rising spot volumes probably means that speculators are leaving the market while spot buyers are continuing to stack ETH and not that there’s a broad retreat from the asset.
Executives Talk Up the Cycle While Traders Stay Cautious Ethereum has been rejected at $1,800 three times this week, but that didn’t stop Consensys co-founder Joseph Lubin from saying Wednesday that the “Summer of Ethereum Love is gaining steam,” pointing to newly launched steward groups like Ethlabs working alongside the Ethereum Foundation, and citing the network’s eleven years of uptime as a draw for institutions.
Analyst Michaël van de Poppe struck a similar tone over the weekend, arguing that “the worst period for ETH is over” after the token closed out its third straight quarterly loss of more than 20%, a first in its history. He called the odds of a fourth consecutive drop statistically low and pointed to the pending CLARITY Act as a potential liquidity driver.
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.
According to official announcements, OKX will launch spot trading for Solstice (SLX) at 20:00 on July 10. Users can start depositing assets at 10:00 the same day, pre-place orders for SLX/USDT between 19:00 and 20:00, and withdrawals will open at 22:00.
7 minutes ago
The AI arms race has driven record bond issuance by tech giants, with six major tech companies issuing $182 billion in investment-grade bonds this year.
The Kobeissi Letter noted in a post that the AI arms race is driving large technology companies to borrow at record levels. Data shows that since the start of 2026, Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have issued a record $182 billion in investment-grade bonds, a 1,300% jump from roughly $13 billion in the same period of 2025. These six firms account for nearly 15% of total U.S. corporate bond issuance so far this year, and contribute over 50% of the growth in this year’s corporate bond market. Meanwhile, the U.S. market has seen a record seven bond transactions worth $25 billion or more, matching the total number of such deals between 2019 and 2025. Six of these seven large bond deals came from the aforementioned six companies, with the remaining one from Salesforce. AI-related capital demand is reshaping the corporate bond market.
7 minutes ago
A whale opened a long position on SK Hynix worth $22.8 million, likely betting that its US ADRs will continue rising after tonight's market opening.
According to on-chain analyst firm Yu Jin Monitoring, half an hour ago, crypto whale "AllegraSeam" transferred 20.32 million USDC to Hyperliquid and opened a long position in SKHX (SK Hynix) worth roughly $22.8 million at a price of $1,480. The day before yesterday, another whale also opened a long position in SKHX valued at around $30 million at $1,411. The market appears to be betting that SK Hynix’s US-listed ADR will continue rising after tonight’s opening. SK Hynix’s US ADR is priced at $149, corresponding to a Korean stock price of approximately $1,490, and SKHX’s current price is near this level.
7 minutes ago
MiniMax Founder: Will No Longer Draw a Salary, Allocates 5% of Personal Company Shares for Team Incentives and Open-Source Support
MiniMax founder and CEO Yan Junjie has released an internal all-staff letter addressing recent market volatility, stressing the company’s long-term direction remains unchanged. In the letter, Yan announced that effective immediately, he will forgo all salary from the company until the day MiniMax achieves AGI. Over the next four years, he will allocate 4% of his personal shareholding in the firm to incentivize team members who have long stood by the company and co-created value. Additionally, he will set aside 1% of his shares to establish a special fund to continuously support the development of relevant open-source communities. (Jinshi)
7 minutes ago
South Korea’s KOSPI index climbed more than 4% intraday, with Samsung Electronics surging over 5%.
According to Bitget data, South Korea’s KOSPI index rose 4.52% intraday, now standing at 7596.58 points. In terms of individual stocks, SK Hynix gained 2.6% and Samsung Electronics increased by over 5%.
7 minutes ago
BitMine is suspected of having once again increased its holdings of 20,500 ETH, valued at $35.92 million.
According to Lookonchain's monitoring, BitMine purchased another 20,500 ETH from Galaxy Digital six hours ago, valued at $35.92 million.
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.
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 extended gains after Robinhood launched its blockchain, with the company touting it as ideal for both real-world assets and meme coins.
Notable Statistics:
Coinglass data shows 55,831 traders were liquidated in the past 24 hours for $148.86 million. SoSoValue data shows net outflows of $84.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $70.5 million. In the past 24 hours, top gainers include Arbitrum, Celestia and Canton. Notable Developments:
Trader Notes:
Trader Jelle noted Bitcoin is flashing a weekly death cross, a signal that has historically appeared late in bear markets rather than at the beginning.
The analyst argues that past occurrences have often coincided with the final stages of Bitcoin’s downturn, suggesting the bear market may be nearing its end. With multiple bullish indicators aligning, he believes starting a dollar-cost averaging strategy a few weeks ago was the right move.
Trader Titan said that regardless of whether Bitcoin has already bottomed or has further downside ahead, history suggests accumulating around a weekly death cross has typically been a favorable long-term strategy.
Trader AshCrypto explained Bitcoin has reclaimed its 200-week moving average, a key long-term bear market support, and is holding above $60,000 after bouncing from $57,000.
The analyst says maintaining this level could pave the way for a historically strong July-August rally.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Cardano’s founding entity and commercial arm, EMURGO, has announced that it is stepping down from its role in the Pentad.
In a statement, EMURGO confirmed that it had formally notified the other Pentad members of its decision. The company also thanked its fellow members for their collaboration and shared commitment to advancing the Cardano ecosystem.
For context, the Cardano Pentad comprises the Input Output Global (IOG), the Cardano Foundation, the Midnight Foundation, Intersect, and EMURGO. These organizations coordinate ecosystem growth, governance initiatives, strategic partnerships, and new integrations.
EMURGO Shifts Focus to SecondFi Recovery EMURGO explained that it is stepping away from the Pentad to concentrate fully on the recovery effort following the SecondFi security incident, which affected hundreds of Cardano users.
According to the company, dedicating its resources to the recovery process is the most appropriate course of action for both impacted users and the broader Cardano ecosystem.
Furthermore, EMURGO said the decision reflects the level of accountability it expects from itself as one of Cardano’s founding entities. Rather than continuing its leadership responsibilities within the Pentad, the company believes it can better serve the ecosystem by resolving the aftermath of the SecondFi exploit and supporting affected users.
EMURGO’s announcement comes only weeks after the SecondFi application suffered a major security breach. The attack compromised 374 wallets across three separate incidents, resulting in the loss of approximately 16 million ADA.
Since then, the SecondFi team has focused on developing tools to help users determine whether they were affected, securely migrate their assets, and potentially recover eligible funds.
SecondFi Rolls Out Recovery in Phases In its latest update, SecondFi confirmed that it will implement its recovery process in multiple stages.
The first phase introduces quarantine mode, allowing users to check whether their wallet addresses appear in the preliminary incident data. Affected users can also submit support tickets to begin the verification process.
Meanwhile, the second phase, expected to launch next week, will introduce a secure wallet export feature. The tool aims to provide a safer and more user-friendly method for transferring assets to newly created wallets, particularly for users with limited technical experience.
Community Awaits Official Response So far, the remaining Pentad members has not publicly commented on EMURGO’s departure from the leadership group.
However, the announcement has sparked debate within the Cardano community. Some community members have called on EMURGO to relinquish its significant governance voting power and return its genesis ADA allocation.
Critics argue that EMURGO has gained disproportionate influence over Cardano’s governance and ecosystem resources. Popular DRep Chris O has also hinted at potential legal action against EMURGO if the organization refuses to return its genesis ADA holdings.
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.
"Reclaiming $1 in 2026 is mathematically and technically possible for Cardano (ADA), but it faces a steep, uphill battle," Gemini stated.
June was not kind to Cardano’s native token, whose price briefly crashed below $0.14, marking the lowest point since 2020.
Fortunately for the bulls, the asset started July on the right foot, temporarily recovering to roughly $0.20, and is currently trading at around $0.17, representing a 14% increase over two weeks.
It will be interesting to see whether ADA can extend its positive momentum in the following months and reclaim the major milestone of $1 before the end of the year. Below is the perspective of three of the most widely used AI-powered chatbots.
Possible But Quite Difficult Task ChatGPT estimated that ADA could reach $1 sometime this year, but warned that this will be extremely challenging given current levels. OpenAI’s platform claimed that the biggest problem is usage, noting that Cardano’s ecosystem and activity still look small relative to the valuation needed for such a milestone.
“$1 is possible only in a full bull scenario — Bitcoin strong, altcoins rotating, ETF optimism rising, and Cardano showing real DeFi/stablecoin growth. A more realistic recovery path would first be $0.30–$0.50. If ADA clears that zone with volume, then $0.75–$1 becomes a serious target. If the broader market stays weak, ADA may struggle even to reclaim $0.30,” it stated.
Perplexity also didn’t rule out the possibility, but argued that an explosion of that magnitude would require three things to happen simultaneously: Bitcoin-led market strength, a clear acceleration in the Cardano ecosystem, and a major re-rating of large-cap altcoins.
The chatbot claimed that the most realistic scenario for ADA this year is to reach a maximum of $0.80, as it could spend parts of the year closer to $0.30-$0.50, especially if catalysts like CME futures, Hydra, and improved DeFi usage start to matter more.
Uphill Battle Google’s Gemini said an ascent to $1 for ADA in 2026 is mathematically possible but highly improbable. The chatbot addressed the ongoing problems of Cardano, which continues to struggle with user growth, DeFi traction, and actual daily transaction volume compared to its competitors like Solana and Ethereum.
You may also like: Bitcoin (BTC) Starts July Under $60K, Cardano (ADA) Finally Rebounds: Market Watch ADA Faces Heavy Pressure, But Cardano’s On-Chain Data Tells Another Story BTC, ETH, and XRP Flash Buy Signals After Market Sell-Off: Santiment Moreover, Gemini touched upon Charles Hoskinson’s recent statements, which have posed hurdles to ADA’s price action. Recall that Cardano’s founder shocked the community last month when he said he’s “taking a break” and warned of an upcoming “wave of failures in the ecosystem.”
“>”Hoskinson is known for his unfiltered, highly transparent communication style. While his supporters praise his honesty, markets hate uncertainty. Right now, Cardano is going through a painful transition phase, and Hoskinson’s public commentary is magnifying those growing pains,” Gemini stated.
MiniMax Founder: Will No Longer Draw a Salary, Allocates 5% of Personal Company Shares for Team Incentives and Open-Source Support
MiniMax founder and CEO Yan Junjie has released an internal all-staff letter addressing recent market volatility, stressing the company’s long-term direction remains unchanged. In the letter, Yan announced that effective immediately, he will forgo all salary from the company until the day MiniMax achieves AGI. Over the next four years, he will allocate 4% of his personal shareholding in the firm to incentivize team members who have long stood by the company and co-created value. Additionally, he will set aside 1% of his shares to establish a special fund to continuously support the development of relevant open-source communities. (Jinshi)
9 minutes ago
South Korea’s KOSPI index climbed more than 4% intraday, with Samsung Electronics surging over 5%.
According to Bitget data, South Korea’s KOSPI index rose 4.52% intraday, now standing at 7596.58 points. In terms of individual stocks, SK Hynix gained 2.6% and Samsung Electronics increased by over 5%.
9 minutes ago
Whale Who Previously Shorted 16 Altcoins to Net $3.5 Million Suspected of Selling $13.69 Million Worth of ETH Again
On-chain analyst Ai Yi (@ai_9684xtpa) has detected that the Hyperliquid whale—who previously shorted 16 altcoins to pocket $3.5 million—is suspected of continuing to offload Ethereum (ETH). The address 0x410…75d08 withdrew 7,863 ETH from Spark an hour ago, worth roughly $13.69 million, then deposited all of it into Binance, likely for selling. A week prior, the same address transferred 6,860 ETH, valued at approximately $10.8 million, to a trading platform.
9 minutes ago
BitMine is suspected of having once again increased its holdings of 20,500 ETH, valued at $35.92 million.
According to Lookonchain's monitoring, BitMine purchased another 20,500 ETH from Galaxy Digital six hours ago, valued at $35.92 million.
9 minutes ago
SK Hynix completes its U.S. ADR offering, raising $26.5 billion, setting a new record for a foreign company's IPO in the U.S.
South Korean semiconductor firm SK Hynix has completed its US depositary receipt (ADR) offering, raising $26.5 billion, setting a new record for the largest initial public offering (IPO) by a foreign company in the US and becoming the third-largest listing in global securities history. SK Hynix issued a total of 177.9 million ADRs, priced at $149 each, with each ADR equivalent to one-tenth of its common shares traded on South Korea’s domestic stock market. The final offering price was approximately 3% higher than the closing price of its home-listed shares. Per the transaction terms, SK Hynix ADRs will launch pre-market trading on the Nasdaq Global Select Market on Friday under the temporary ticker symbol "SKHYV", and are scheduled to switch to the official ticker "SKHY" for regular trading starting July 13. The offering is led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase, with 9 additional firms participating. Market feedback shows the offering received over 7 times oversubscription, with total subscription interest approaching $200 billion. Asset management firms including Baillie Gifford, Coatue Management, and Situational Awareness Partners took part in the subscription, with the top ten orders absorbing nearly half of the total shares. SK Hynix aims to list on the US stock market to narrow the valuation gap with US peers such as Micron Technology, and leverage overseas capital premiums to boost its corporate value. As a core supplier of high-bandwidth memory (HBM) for NVIDIA, SK Hynix already holds a significant market share in this segment. Meanwhile, US Secretary of Commerce Howard Lutnick stated he is in talks with Samsung Electronics and SK Hynix, urging the two South Korean memory chip manufacturers to expand production in the US to enhance the resilience of America’s domestic chip supply chain.
9 minutes ago
Polymarket Seeks to Offer Legal Margin Trading in the US
，据彭博社报道，Polymarket 正在寻求监管批准，以在美国合法提供保证金交易。若获批，用户将能够以更少的前期资金押注事件结果，也有助于该预测市场平台吸引更成熟的交易者。根据 7 月 3 日提交给美国全国期货协会的文件，Polymarket 已通过其关联公司 Coming Home GBA LLC 申请注册为期货佣金商（FCM）。此外，Polymarket 还需要获得美国商品期货交易委员会批准，对其规则手册进行修改，以允许非全额抵押交易。
The next major blockchain upgrade isn’t just about faster transactions. BNB Chain is preparing a dedicated Layer-1 built specifically for AI agents, with a public testnet expected in late 2026 before a full mainnet launch in early 2027. Rather than replacing BNB Smart Chain, it expands the ecosystem for a new generation of autonomous applications.
Projects already experimenting with AI, such as MemeToro ($MT), are naturally drawing attention because much of their development roadmap already aligns with this direction.
What Is BNB Chain Actually Launching? BNB Chain’s latest roadmap introduces a fourth Layer-1 blockchain that will operate alongside BNB Smart Chain, opBNB, and Greenfield.
The network will continue using BNB for gas fees while relying on cross-chain infrastructure to settle transactions back through BNB Smart Chain. Developers are focusing heavily on execution speed instead of redesigning consensus.
The roadmap includes sub-50 millisecond transaction preconfirmations, sub-second finality, and an initial throughput target of 100,000 transactions per second. The engineering team is also implementing just-in-time (JIT) compilation and strength reduction to improve how smart contracts execute in real time.
Looking further ahead, the roadmap includes post-quantum security research using LtHash-based storage and enhanced account abstraction.
A Simple Checklist Before the Testnet Arrives The testnet is still months away, but it gives developers and early users time to prepare.
Rather than waiting until launch day, many participants are already focusing on a few practical areas.
A simple preparation checklist includes:
Learn how AI agents interact with blockchain networks. Understand how self-custodial wallets work. Follow projects already building AI-powered applications. Watch how BNB Agent Studio develops before the public testnet. Study how faster execution changes token launches and trading. These steps may help users understand the ecosystem before autonomous applications become more common.
How MemeToro Is Preparing Today Unlike many projects that simply discuss AI, MemeToro ($MT) is already building products around it.
Its AI system continuously scans internet discussions, news sources, and social platforms to detect emerging narratives before helping users generate and deploy new memecoins through a no-code process.
Instead of treating AI as a marketing feature, the platform integrates automation directly into how users create blockchain assets.
As AI-native infrastructure becomes available, systems already designed around automated workflows could have fewer adjustments to make.
Although BNB Chain’s new Layer-1 has not launched yet, MemeToro’s ecosystem is already active through its ongoing presale.
MemeToro presale continues progressing. Stage 3 is now more than 80% sold, with over $64,000 raised while the token remains priced at $0.00154. Once Stage 3 finishes, the presale automatically moves to Stage 4, increasing the price to $0.00171.
Why Being Early Doesn’t Always Mean Buying Early When people hear about a future blockchain launch, the first instinct is often to look for the earliest investment opportunity. In reality, preparation can be just as valuable as participation.
The coming testnet is likely to introduce new tools, developer frameworks, and AI workflows that many users have never experienced before. Understanding how those systems work may prove more useful than simply rushing into every new project.
That is one reason platforms like MemeToro ($MT) stand out in the current market. Rather than waiting for AI-focused infrastructure to arrive, the project is already experimenting with practical applications that combine automation with blockchain participation.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
In This Article What 1 Million TPS Actually Means and Why AI Agents Need ItThe Privacy Layer: Why It Matters Beyond TradersRecord On-Chain Metrics Haven't Moved BNB Crypto Price, Yet The BNB crypto Chain has published its H2 2026 technical roadmap targeting 1 million TPS (transactions per second) and sub-150-millisecond finality, positioning itself as the infrastructure backbone for an emerging AI agent economy.
The announcement lands as the BNB crypto price sits near 2024 lows, creating a sharp disconnect between on-chain momentum and market performance that every holder needs to understand.
The BNB Chain 2026 H2 Tech Roadmap is here.
After cutting BSC block intervals to 450 ms and nearly doubling benchmark throughput to ~5,200 TPS, the next target is another 2x increase on mainnet.
What's next for BNB Chain 👇🧵 pic.twitter.com/CA6hphMEy0
— BNB Chain (@BNBCHAIN) July 8, 2026
The central tension is straightforward: BNB Chain is posting record fundamental metrics while BNB, the native token, trades near its worst levels in two years.
This new Layer 1 from the BNB Chain comes as its native token, BNB crypto, is trading up +1.2% over the past 24 hours, at around $569, with a +2.5% gain over the past seven days.
What 1 Million TPS Actually Means and Why AI Agents Need It TPS refers to the maximum number of transactions a blockchain can process per second, similar to a highway’s lane count. BNB Chain currently benchmarks at around 5,200 TPS.
This follows a 2026 hard fork that reduced block intervals to 450ms and in-memory finality to 650ms. The long-term goal is to reach 1 million TPS, requiring about 20 GGas per second, with a testnet expected in late 2026 and mainnet launch in early 2027.
The architecture uses a dual-client setup with Geth for stability and a high-performance Reth engine for parallel execution. This infrastructure is essential for agentic finance, where autonomous AI agents execute DeFi activities and process multiple microtransactions.
To support this, the roadmap includes a standardized framework for AI agents, featuring a payment abstraction layer for gasless transactions and an agent registry for tracking identity and reputation.
The BNB Agent Studio and SDK have already been launched and work with tools like AWS Bedrock. BNB Chain aims to grow by focusing on stablecoins, real-world assets, and onboarding 100,000 new AI agents by 2026.
BNB Agent Studio now allows developers to plug agents into CoinMarketCap's data endpoints with one click, using @Binance Pay's B402 merchant pool.
Agents pay for each CMC data call automatically from their own wallet using x402 settled on @BNBChain without separate API keys or… https://t.co/BEq6sILV45 pic.twitter.com/x97js2Ey8k
— BSCN (@BSCNews) July 7, 2026
DISCOVER: Best Meme Coin ICOs to Invest in 2026
The Privacy Layer: Why It Matters Beyond Traders Alongside the throughput push, the roadmap introduces a protocol-level privacy framework covering native privacy for token transfers and smart contract calls.
This is base-layer privacy, not an application-level mixer bolted on top – designed to be configurable and compliance-friendly without breaking composability (the ability of DeFi protocols to interact with each other).
The target audience is institutional: market makers, high-frequency trading desks, retail payment processors, and asset managers who need confidential settlement without sacrificing regulatory auditability.
The approach is designed to deliver compliance-friendly confidentiality at the protocol level, making it meaningfully different from privacy coins that regulators have repeatedly delisted. For BNB Chain to compete for institutional flow, this layer is table stakes.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up
Record On-Chain Metrics Haven’t Moved BNB Crypto Price, Yet $BNB: The price is still likely working on a wave-(iv) to the downside. As long as the price remains below $631, I expect lower prices. pic.twitter.com/SqkJwMUpcU
— Man of Bitcoin (@Manofbitcoin) July 7, 2026
BNB Chain shows strong fundamentals, with daily transactions reaching 31 million and a stablecoin market cap of about $14 billion. The ecosystem includes BSC, opBNB (Layer 2), and BNB Greenfield (decentralized storage).
However, the BNB crypto price has dropped to levels not seen since 2024, highlighting a disconnect between on-chain activity and token performance, similar to trends in other Layer-1s like Solana.
For BNB, price dynamics are influenced by Binance, regulatory news, and BEP-95 burn mechanics, which reduce supply. While higher activity leads to more burns, it requires sustained volume to effectively impact the token’s value.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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Crypto markets have already seen algorithmic trading, automated market makers, and high-frequency bots. The next phase looks different.
Instead of software that simply follows instructions, blockchain developers are preparing for autonomous AI agents that can analyze information, make decisions, and complete transactions without waiting for human approval.
BNB Chain’s latest roadmap is built around that future. Its new AI-focused Layer-1 is designed specifically for machine-native applications, creating an environment where projects like MemeToro ($MT) could become part of a much broader AI-powered blockchain ecosystem.
BNB Chain Is Preparing for Machine-Native Finance The new Layer-1 represents a major expansion of the BNB ecosystem.
Rather than replacing BNB Smart Chain, it becomes a fourth blockchain running alongside BSC, opBNB, and Greenfield.
Its technical goals focus on autonomous execution.
Developers are targeting sub-50 millisecond transaction preconfirmations, sub-second finality, and more than 100,000 transactions per second, with long-term plans to scale toward one million TPS.
The network also includes BNB Agent Studio, allowing developers to launch fully functional AI agents in minutes using the BNBAgent SDK.
Instead of building another blockchain for manual trading, BNB Chain is preparing infrastructure where software becomes an active market participant.
AI Agents Need More Than Speed Fast transactions alone are not enough.
Autonomous agents also need ways to identify themselves, communicate with other agents, and complete payments independently.
That is why the new ecosystem includes standards like ERC-8004, giving AI agents verifiable on-chain identities through NFT-based registries. It also supports protocols such as ERC-8183 (APEX), allowing machines to negotiate tasks, manage escrow, and complete agreements automatically.
For payments, Machine Payments Protocol (MPP) and x402 help AI systems settle costs using stablecoins instead of relying on traditional banking systems.
Together, these technologies create the foundation for software that can operate as an independent economic participant.
Why Some Investors Are Following MemeToro MemeToro ($MT) is an integrated cryptocurrency utility hub that utilizes a recognizable community-driven branding layer to deliver functional, data-backed Web3 services. The framework simplifies asset tracking, portfolio management, and smart contract distribution within the evolving decentralized marketplace.
Full-Stack Creation Tools: The platform provides the underlying software necessary to deploy digital assets and coordinate localized community hubs. Direct Liquidity Staking: Holders can delegate their native tokens to secure platform operations while generating fixed protocol rewards. Comprehensive Market Analytics: The system utilizes an autonomous analytical engine to evaluate on-chain trends and global news spikes. Safe Market Navigation: Educational resources and transparent smart contract designs help users explore decentralized applications with reduced friction. As the primary medium of exchange within the ecosystem, MemeToro ($MT) tokens are required to unlock premium analytics, execute platform transactions, and receive network distributions. This structured model aims to move beyond simple hype by pairing popular market themes with solid utility.
Stage 3 is now more than 80% sold, with over $64,000 raised while the token remains priced at $0.00154. Once the stage closes, the presale automatically advances to Stage 4, where the price increases to $0.00171.
MemeToro Is Building for AI Participation While BNB Chain is creating the infrastructure, MemeToro is focused on how people interact with AI inside blockchain ecosystems.
Instead of treating artificial intelligence as a trading assistant, the platform uses it to simplify how users create and participate in new crypto projects.
Its no-code launch tools lower the technical barrier for memecoin creation, while the broader ecosystem encourages continued activity after launch rather than one-time speculation.
As AI-native infrastructure becomes more common, applications built around automation may have greater opportunities to expand their capabilities.
The Winners May Be the Projects Ready Before Everyone Else Major technology shifts rarely happen overnight. Infrastructure usually arrives first, followed by applications that gradually make use of those new capabilities.
That appears to be the direction blockchain is taking today.
BNB Chain is building a network where AI agents can execute transactions, communicate with other software, and manage value more efficiently. At the same time, projects like MemeToro ($MT) are already experimenting with consumer-facing applications that introduce AI into everyday blockchain activity.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Fair launches have always sounded simple in theory. Everyone gets the same opportunity to buy when a token goes live. In practice, however, automated bots, front-running, and network congestion often give faster participants a major advantage before most users can even confirm a transaction.
BNB Chain believes the next generation of blockchain infrastructure can improve that experience. Its upcoming AI-focused Layer-1 is being designed for autonomous software rather than manual trading. At the same time, projects like MemeToro ($MT) are exploring how AI can simplify the process of creating and launching new memecoins from the application side.
Why Fair Launches Are Changing Traditional fair launches depended heavily on human timing.
Users waited for a launch announcement, connected their wallets, and tried to complete transactions before liquidity disappeared. In many cases, automated bots reacted much faster than people could.
BNB Chain’s roadmap acknowledges that reality.
The new Layer-1 removes the public mempool, replacing it with TxStream, which sends transactions directly to block producers instead of exposing them in a public waiting queue. Combined with sub-50 millisecond preconfirmations and 100,000+ TPS, the network is designed for machine-speed execution rather than manual competition.
As a result, developers are beginning to rethink what a fair launch should actually look like.
AI Agents Are Becoming Part of the Launch Process The new infrastructure is not only about faster transactions.
BNB Chain has also introduced BNB Agent Studio, giving developers tools to build autonomous AI agents using the BNBAgent SDK.
Those agents can discover other verified AI systems, complete assigned tasks, and interact without constant human involvement. Instead of performing one action at a time, they become active participants inside blockchain ecosystems.
That shift moves launch platforms beyond simple token deployment.
They can increasingly become environments where AI helps organize, monitor, and automate different stages of a project’s lifecycle.
How MemeToro Approaches AI Fair Launches MemeToro ($MT) focuses on making token creation easier before a launch even begins.
Its AI system scans online conversations, news coverage, and social platforms to identify growing narratives that may inspire new memecoin ideas. Users can then create tokens through a simplified no-code workflow instead of manually deploying smart contracts.
The platform also assists with preparing launch materials before deployment.
Some of the AI-assisted workflow includes:
Detecting emerging online trends Generating token concepts Creating launch branding Reviewing launch details before deployment Supporting fair no-code token creation Instead of treating AI as a trading assistant, the platform applies it to the launch process itself.
How to Join the MemeToro Presale For users interested in participating before public trading begins, the buying process is designed to remain straightforward. The basic steps include:
Visit the official MemeToro presale portal Connect a wallet on BNB Chain Choose BNB, ETH, USDT, USDC, or card payment Confirm the transaction to receive your allocation The presale is continuing to progress steadily.
Stage 3 is now more than 80% sold, with over $64,000 raised while the current token price remains $0.00154. After Stage 3 closes, the price automatically increases to $0.00171 in Stage 4.
Holding MemeToro ($MT) also provides access to staking rewards, platform services, and future ecosystem features as they become available.
Fair Launches Are Becoming Smarter The definition of a fair launch is gradually evolving. Instead of focusing only on who clicks first, developers are increasingly asking how blockchain infrastructure and AI can create a more balanced launch experience.
BNB Chain is approaching that challenge by redesigning the underlying network for autonomous software. MemeToro ($MT) is approaching it from another direction by simplifying token creation and using AI to organize the launch process itself.
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X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Blockchain networks have spent years competing over transaction speeds, but the conversation is changing. Instead of simply asking which network is faster, developers are asking what those speeds actually make possible. The answer increasingly points toward artificial intelligence.
BNB Chain’s latest roadmap reflects that shift. Its upcoming Layer-1 is designed specifically for AI agents rather than traditional blockchain users.
While the network is still scheduled for public testing later this year, projects like MemeToro ($MT) are already building AI-powered applications that could benefit from this next generation of blockchain infrastructure.
Why 100,000 TPS Matters Processing more than 100,000 transactions per second sounds impressive, but raw speed is only part of the story.
The bigger goal is allowing autonomous software to interact with blockchain networks without experiencing delays that interrupt decision-making.
BNB Chain’s new Layer-1 also targets sub-50 millisecond preconfirmations and sub-second finality, creating an environment much closer to the execution speed traders expect from centralized exchanges.
Developers are achieving those improvements through execution-layer optimizations rather than changing the network’s consensus model.
The roadmap also includes a long-term objective of scaling toward one million TPS by 2028.
AI Agents Need Different Infrastructure Traditional decentralized applications were designed around human interaction.
Someone opens a wallet, signs a transaction, and waits for confirmation before taking the next step.
AI agents work differently. They continuously evaluate information, complete tasks, and move between blockchain applications without waiting for manual approval.
That is why BNB Chain has introduced BNB Agent Studio, allowing developers to deploy self-custodial AI agents using the BNBAgent SDK in minutes instead of building everything from scratch.
The network is being designed for software that remains active around the clock.
MemeToro Is Already Building for That Future MemeToro ($MT) focuses on what users actually do with AI rather than the infrastructure running underneath it.
Its platform uses artificial intelligence to simplify blockchain participation, allowing users to launch memecoins without writing smart contracts or managing complex deployment steps.
The ecosystem also encourages activity after launch through products designed around participation instead of one-time speculation.
As AI-native blockchain infrastructure becomes more common, platforms that already rely on automation may have more opportunities to expand their capabilities.
Rather than changing direction, MemeToro ($MT) roadmap already follows the broader movement toward AI-powered blockchain applications.
Getting Started With Your $MT Purchase Joining the MemeToro presale takes just a few minutes through a fully verified process:
Open the Presale Page: Head to the official MemeToro site and locate the active presale link. Set Up Your Wallet: Connect a compatible wallet configured for the BNB Chain network. Choose How to Pay: Fund your purchase with BNB, ETH, USDT, USDC, or a bank card. Lock In Your Tokens: Confirm the transaction and your $MT balance updates instantly. Once you’re holding $MT, the token opens doors well beyond the sale itself. It powers platform access, settles transactions across the ecosystem, and feeds into staking pools built for long-term holders.
Stage 3 is now more than 80% sold, with over $64,000 raised at the current token price of $0.00154. Once the current allocation is completed, the token price moves to $0.00171 in Stage 4.
Infrastructure Creates Opportunity, Applications Create Adoption History shows that faster technology alone rarely guarantees success. New infrastructure becomes valuable when developers build products that solve real problems for users.
That is likely to be the case with AI-focused blockchains as well.
BNB Chain is creating an environment where autonomous software can execute transactions far more efficiently than before. The next challenge belongs to application developers that can turn those technical improvements into practical user experiences.
MemeToro ($MT) represents one example of that next step. Instead of building another blockchain, it is developing AI-powered tools that simplify token creation, community participation, and ecosystem activity.
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On Thursday, July 9, 2026, BNB hovered at a critical technical decision point according to market analysts. As the price approached the apex of a symmetrical triangle formation, traders zeroed in on short-term direction, with special focus on key resistance zones and fading market volume.
Resistance level in focus as price tightensAt the time of writing, BNB was trading at $569.23. The asset gained 0.91% over the past 24 hours, even as daily trading volume dropped by 8.89% to $1.06 billion. Over the last week, BNB posted a 1.76% increase.
Crypto With Gopal, a noted analyst, observed that following rejection from a previous rising wedge, BNB’s price has compressed within a symmetrical triangle. The coin’s current movement near the triangle’s apex signals an imminent breakout—either to the upside or downside—in the short term.
According to Crypto With Gopal, a decisive break above the triangle’s resistance could indicate buyers gaining control, while a loss of support might reinforce downward momentum.
In the short term, $543.03 stands as critical support and $573.49 marks the nearest resistance. Should $573.49 be breached, new targets could emerge at $597.41 and $619.48. On the downside, if $543.03 fails, the next key support is at $521.55.
Volume and technical indicators signal search for directionThe analyst underlines trading volume as a primary confirmation tool for establishing direction. Any breakout backed by strong volume is seen as more trustworthy, while low-volume movements could prove misleading.
Short-term moving averages also suggest continued pressure on price. The 20-day exponential moving average (EMA) currently sits at $575.79, while the 50-day EMA stands at $594.90. BNB trading below these levels indicates that bullish attempts have yet to fully materialize.
For the longer-term outlook, the 100-day EMA is at $620.97 and the 200-day EMA at $671.04. In the Bollinger Bands, the middle line is at $569.92, with upper and lower bands at $596.57 and $543.27, respectively. The narrowing of these bands points to tightening volatility, which may foreshadow a sharp price move.
The convergence of price near the triangle’s apex and beneath the short-term averages highlights the market’s demand for stronger confirmation before the next major move.
BNB Chain preparing new layer 1 blockchainBeyond the current price environment, BNB Chain is pursuing further development. Plans are underway to launch a new layer 1 blockchain in 2027, designed to handle high-frequency transactions, AI-powered applications, and institutional use cases. As the backbone of the BNB ecosystem, BNB Chain aims to boost its overall blockchain infrastructure with these upgrades.
The team expects to deploy a test network by year’s end, while the mainnet rollout is scheduled for early next year. The proposed design is set to achieve over 100,000 transactions per second, pre-approval times below 50 milliseconds, and settlement finality in under one second.
Mini glossary: A layer 1 blockchain is the base protocol network where transactions are settled directly on its main chain. A testnet is a development environment where new features are trialed before live deployment, allowing developers to experiment without risking real assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
Stellar (XLM) is trading at $0.18. Sellers are dominating the market structure. After an extended downtrend, Stellar (XLM) has carved out a falling wedge, a pattern that resolves to the upside. Price is holding the lower trendline, and is seeing the buyers step in faster than before, a sign that selling pressure is losing its grip.
The repeated wedge formations suggest bulls are quietly building a base rather than chasing price. A clean breakout above the descending resistance, backed by strong volume, could unlock a sharp relief rally, potentially targeting the next major resistance zones above current levels.
A confirmed breakout could shift sentiment from bearish to cautiously bullish, and pull sidelined capital back in. Stellar is holding above its lower trendline, which keeps the current bullish structure intact. A breakout above the descending resistance with strong trading volume could trigger a relief rally toward the next resistance levels.
However, the XLM price is trading within a tightening range, suggesting a significant move may be approaching in either direction. At the time of writing, the asset is hovering at $0.1804, after a modest loss of over 1.37%. Notably, the trading volume has skyrocketed by over 299% to $869.49 million.
Where Will the Stellar Price Head Next? The recent price chart of the XLM/USDT pair shows the dominance of bears, with the nearest support at the $0.17 range. With the prolonged downside correction, the asset could invite the death cross to pop up, and break down further below.
With a bullish shift in the Stellar market trend, the price could climb up to the resistance at around $0.19. Moreover, a steady and stronger move on the upside triggers the golden cross to emerge, which might likely push the asset’s price higher.
Both Stellar’s Moving Average Convergence Divergence (MACD) line and signal line are below the zero line, which indicates a strong, established macro downtrend. The long-term momentum is firmly negative. Also, the sellers are dominating the market structure, making the asset weak, with the overall tide pulling prices lower.
The daily Relative Strength Index (RSI) staying at 27.32 suggests that Stellar is oversold. The price has sustained a sharp, aggressive drop, pushing it below the critical 30 threshold. Momentum is heavily overextended to the downside. The asset is vulnerable to a sudden short squeeze, relief rally, or sideways consolidation as selling pressure dries up.
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@StellarOrg's 24-hour trading volume surged roughly 275% to near $860 million this week, with the token's native asset climbing to around $0.185. The move is difficult to pin on any single event. Three meaningful catalysts arrived within days of each other, and together they appear to have driven the spike.
Protocol 27 Zipper Goes Live on Mainnet On Wednesday, @StellarOrg announced that Zipper, Protocol 27, is now live on mainnet. Zipper makes authentication delegation a proper, first-class feature that is dramatically simpler to implement correctly. In practical terms, the proposal centers on native authentication delegation, a feature designed to let one Stellar account authorize another account to act on its behalf through a more direct network-level process. The upgrade also includes a security fix for the Soroban smart contract environment, resolving a replay vulnerability through the implementation of credentials strictly bound to a specific address. Protocol 27 also functions as a technical transition phase toward Protocol 28, which is expected to introduce contract-based authentication for standard Stellar accounts.
Index Inclusion and Institutional Custody Add Weight Hyperliquid (HYPE) and Stellar ($XLM) have been added to the Bitwise 10 Crypto Index ETF (BITW) in the latest rebalance, while Polkadot (DOT) and Avalanche (AVAX) were removed. The ETF tracks the 10 largest cryptocurrencies by market capitalisation, with periodic rebalancing to align with market developments. Stellar ranks 18th overall, but Bitwise's eligibility screens lift $XLM into the qualifying group. Stellar Lumens ($XLM) entered the fund at $0.18, carrying a 0.38% weighting.
On the custody side, Clearstream, a major European post-trade services provider under Deutsche Börse Group, expanded its cryptocurrency custody services to include $XLM. The move gives institutional investors regulated custody access to $XLM, boosting institutional access under MiCA.
Of the three catalysts, index inclusion tends to generate the most direct volume impact. ETF rebalances require fund managers to purchase the newly added asset to match index weightings, creating immediate and measurable buy-side demand. The protocol upgrade and custody expansion are longer-term structural positives, but the Bitwise addition likely accounts for a significant share of the immediate volume move.
Sources:
Stellar Development Foundation: Zipper Protocol 27 Upgrade Guide
Crypto Times: Bitwise 10 Crypto Index ETF Adds HYPE and XLM
Crypto News: Hyperliquid Lands in Bitwise 10 ETF
A Walworth County complaint accuses the USDC issuer of defying a warrant to recover 381,235 stolen tokens, which Circle says it is technically unable to return.
Posted July 9, 2026 at 3:38 pm EST.
Circle is contesting a criminal case in Wisconsin that accuses the company behind the USDC stablecoin of failing to return cryptocurrency stolen from a scam victim, a dispute that surfaced publicly this week.
The case drew wider attention after the International Consortium of Investigative Journalists detailed it this week. Prosecutors in Walworth County filed a criminal complaint in April, alleging that Circle “did intentionally disobey, resist, or obstruct” a warrant directing it to seize 381,235 stolen USDC and hand an equal amount to the local sheriff’s office. It lists a single misdemeanor count, an unusual charge for a state prosecutor to bring against a major financial firm.
Circle moved to dismiss the case on June 30, calling the complaint meritless. In the filing, it argued that once USDC leaves its control for a third party’s wallet, it has “no ability to invalidate and reissue such USDC”, and that the court lacked jurisdiction because both the company and the tokens sit outside Wisconsin, in Boston. Circle also contends the matter is wrongly styled as criminal, since contempt subject to punitive sanctions “is not a crime”.
The case traces back to about May of last year, when a Walworth County man received an unsolicited text from someone calling herself Lenora. She persuaded him they were in a relationship, then got him to convert part of his savings into USDC and send it to a scammer, court records show.
A county court ordered Circle to freeze the tokens in August 2025, which it did by blocklisting the wallet. But a second warrant that December told Circle to invalidate the tokens and reissue new ones, or turn over the equivalent in cash, which Circle said it could not do.
Assistant District Attorney Thomas Binger said the anonymity of cryptocurrency has left investigators outmatched. “The tools that are at our disposal are not keeping up with the tools the criminals are using,” he said in an interview with ICIJ, whose reporters reviewed the court records. The standoff echoes a letter New York prosecutors sent U.S. senators in January, which claimed Circle declined to freeze tokens without a court order and did not honor orders to return stolen funds.
Critics point to rival issuer Tether, whose software can destroy tokens in a suspect wallet and reissue them to law enforcement, effectively returning stolen money. Circle has drawn similar criticism before, including for declining to freeze more than $270 million tied to a 2026 exploit of the Drift protocol. In a blog post in April, Circle said it freezes tokens only when “legally compelled by an appropriate authority, through lawful process”, a stance it frames as protecting users from “arbitrary or politically motivated interference”. In the filing, Circle said it had also reached an understanding with federal prosecutors on a way to compensate victims.
Related Listen: Tokens vs Equity, Lighter x Robinhood – The Chopping Block
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Circle has asked a Wisconsin court to dismiss a criminal contempt complaint. It argues it lacks the technical ability to comply with an order requiring it to invalidate frozen USDC and issue replacement tokens to compensate an alleged fraud victim.
The filing centers on the technical limits of USDC once it leaves Circle’s custody. While the stablecoin issuer says it can freeze tokens held in third-party wallets by blocklisting addresses, it argues it cannot seize, destroy, or reissue those tokens because it does not control the wallets’ private keys.
Circle argues it complied with freeze order but could not reissue USDC The dispute stems from an alleged cryptocurrency scam in which a Wisconsin resident lost more than 381,000 USDC. It was lost after the stablecoins were transferred from Crypto.com to a wallet controlled by an alleged fraudster.
Prosecutors say Circle froze the assets after receiving a court warrant, but later refused to invalidate the tokens and issue replacement USDC for the victim. This led to a criminal contempt complaint in April.
In its motion to dismiss, Circle says it immediately complied with the initial warrant by blocklisting the wallet address. It prevented the frozen USDC from being transferred.
However, it argues that the second warrant requires technically impossible actions. This is because the tokens were held in a third-party wallet outside Circle’s control.
The company says it does not possess the private keys to third-party wallets and therefore cannot transfer, invalidate, destroy, or “burn and reissue” USDC stored there. It also argues that it cannot create replacement tokens tied to assets it cannot first invalidate.
Company challenges jurisdiction and cites DOJ discussions Beyond the technical argument, Circle contends the Wisconsin court lacked jurisdiction to issue parts of the warrant. It says both the company and the property at issue were located outside the state.
It also argues that the contempt complaint omitted key facts, including its repeated communications with investigators explaining the technical limitations of USDC.
The filing also reveals that Circle has been working with the U.S. Department of Justice on a broader mechanism for compensating victims in federal investigations. According to the motion, those discussions have resulted in a general agreement.
Under the agreement, Circle could voluntarily issue replacement USDC following a final forfeiture order and a permanent blocklisting order.
Circle has asked the court to dismiss the complaint or, alternatively, hold an evidentiary hearing to consider what it says are critical facts omitted from the original filing.
A test of stablecoin issuers’ technical limits The case highlights an important distinction in how regulated stablecoins operate. Circle maintains it can freeze USDC by blocklisting blockchain addresses, but cannot directly control tokens held in wallets for which it does not possess the private keys.
The company argues that technical architecture, rather than policy, limits what actions it can take after USDC enters third-party custody.
If the court addresses those arguments, the case could provide further clarity on the extent to which stablecoin issuers can be compelled to recover or recreate digital assets held on public blockchains.
Final Summary Circle has asked a Wisconsin court to dismiss a contempt complaint, arguing it cannot technically invalidate or reissue USDC held in third-party wallets. The filing also discloses discussions with the U.S. Department of Justice on a voluntary framework for compensating victims.
Circle, the issuer of the USDC stablecoin, is under increasing legal scrutiny in Wisconsin. Prosecutors accuse the company of defying a court order aimed at returning crypto assets allegedly stolen through fraud back to their rightful owner.
381000 USDC at the center of a fraud allegationAccording to court documents, a Wisconsin resident was manipulated by an online scammer to convert their life savings into approximately 381000 USDC, which was then transferred to a fake investment platform. Authorities later traced the movement of these funds and requested that Circle intervene to restrict activity on the stolen assets.
Prosecutors say Circle did freeze the targeted funds after the initial court order. However, the company reportedly failed to comply with a subsequent ruling, which demanded that the frozen tokens be invalidated and that an equivalent sum be reissued to law enforcement so the victim could be reimbursed.
Wisconsin prosecutor Thomas Binger explained that authorities’ tools are often outpaced by the techniques used by criminals, admitting investigators usually only identify stolen crypto once it has already become inaccessible.
Circle has requested that the case be dismissed. The company argues that the complaint lacks merit and asserts that it neither has the technical ability nor a clearly defined legal obligation to perform the actions demanded by the court.
The debate over stablecoin issuers’ responsibilities growsThis dispute has reignited the broader debate over how law enforcement can respond to a wave of crypto frauds and cyberattacks. With stablecoins like USDC, transactions can be settled in seconds, making it difficult for authorities to act in time. This speed complicates the intervention process when funds are stolen or fraudulently seized.
Glossary: A stablecoin is a cryptocurrency type usually pegged to an asset like the US dollar. Issuers can technically freeze, burn, or reissue tokens in circulation, but how and whether this happens depends on company policies and the legal framework.
Recently, prosecutors in New York also took steps against Circle, citing unfulfilled requests to freeze or return stolen USDC. These cases highlight the differences in how various crypto companies respond to similar law enforcement requests.
The Tether precedent and new debates for the industryTether, the world’s largest stablecoin issuer, has announced that it has frozen about $4.7 billion linked to illegal activity. The company also reported more than $1.1 billion was restored through procedures involving burning and reissuing tokens.
Several blockchain analysts have suggested that Circle could adopt a similar mechanism. However, it remains unclear whether the company will choose to take such action in this case.
The verdict in this lawsuit could set a precedent regarding whether stablecoin issuers’ responsibility ends with freezing stolen assets or whether they are also required to take additional measures to make victims whole.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
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.
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.
FIFA is deploying an upgraded Video Assistant Referee system with semi-automated offside technology that can detect positional differences as small as 10 centimeters for the 2026 World Cup.
FIFA has also been building out a crypto and blockchain layer around the tournament, with Kraken, Avalanche, and Algorand all playing roles in the event.
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AI referees and 10-centimeter precision The new semi-automated offside technology, or SAOT, uses AI-driven 3D player tracking powered by 16 optical cameras alongside standard broadcast feeds. The system fires real-time alerts when a player strays offside by as little as 10 centimeters, a leap from the previous 50-centimeter threshold.
The International Football Association Board, or IFAB, has also confirmed an expanded scope for VAR reviews. Officials can now use video replay to evaluate decisions around corner kicks, second yellow cards, mistaken identity, and set-piece fouls, with the focus remaining on correcting clear and obvious errors.
FIFA’s centralized VAR operation room sits in Dallas, equipped with the tracking technology and broadcast infrastructure needed to support matches across all host venues in the US, Canada, and Mexico.
Kraken leads the crypto charge On June 9, 2026, Kraken was named the Official Crypto Exchange Supporter of the FIFA World Cup 2026.
FIFA has been running FIFA+ Collect, a platform for historical NFT collectibles built in partnership with Algorand. Avalanche technology is being piloted for blockchain-based ticketing solutions during the tournament. The potential use of Chainlink oracles for live match data has also been identified as part of the tournament’s digital infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@aave Labs has opened up the yield engine powering its own savings app to any business that wants to use it. The product is called Stable Vaults, and it is designed to let neobanks, wallets, and payment apps embed stablecoin earning without having to build the underlying infrastructure themselves.
What Stable Vaults does In practical terms, Stable Vaults takes the variable rates generated by DeFi lending and converts them into a more predictable return for end users. The operator, whether that is a fintech company, a wallet provider, or an exchange, sets the rate it promises its customers, keeps any yield earned above that level, and absorbs the shortfall if the strategy underperforms.
On the technical side, the product allocates deposited stablecoins across multiple yield sources, including Aave V3 and V4 markets, and handles liquidity management, capital allocation, and yield distribution automatically. It supports USDC, USDT, and Aave's own GHO stablecoin. Operators can also restrict access to approved users and configure different yield tiers for different customer segments, giving businesses meaningful flexibility over how they deploy the product.
Crucially, users do not need to interact with any DeFi protocol directly. Operating costs such as bridging and liquidity management are factored into the vault's overall yield structure rather than charged as explicit fees to the end user.
A growing market, and a direct rival to Morpho The launch positions Aave against Morpho, which has already built a meaningful foothold in the white-label vault market. Coinbase, for example, began offering a high-yield USDC savings vault powered by Morpho and Ethena in June and has already crossed $200 million in assets under management.
The broader context is that stablecoins are increasingly part of everyday payments and digital banking, and fintech firms are looking for ways to let customers earn a return on idle balances. Vaults have emerged as the preferred infrastructure layer to fill that role, moving user deposits automatically between yield strategies without requiring active management.
Aave founder Stani Kulechov said the aim is to make "predictable stablecoin earning simple to plug into any fintech application." The Stable Vaults infrastructure also underpins Aave's own consumer savings app, which is currently in test mode.
Sources:
CoinDesk: Aave rolls out vaults for yield-hungry fintech investors
Aave Protocol Documentation: Aave Earn Vaults
Bitwise just reshuffled its marquee crypto index fund, and two familiar names didn’t make the cut. The asset manager removed Polkadot (DOT) and Avalanche (AVAX) from the Bitwise 10 Crypto Index ETF (BITW) on July 9, replacing them with Hyperliquid (HYPE) at a 0.93% weighting and Stellar (XLM) at 0.38%.
Here’s the thing: DOT and AVAX were part of the original roster when BITW debuted on the NYSE Arca back in December 2025. Their tenure lasted roughly six months.
What changed and why it matters BITW tracks a market-cap-weighted index of the ten largest crypto assets. HYPE currently sits as approximately the 10th largest cryptocurrency by market capitalization, hovering around $15 billion. That ranking is driven largely by the protocol’s dominance in decentralized perpetual futures trading.
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Stellar slotted in at a more modest 0.38% allocation. XLM has been around since 2014, making it one of the elder statesmen of the altcoin world.
Hyperliquid’s supply problem Only about 22% of HYPE’s total supply of 1 billion tokens is currently circulating. That means roughly 780 million tokens are still locked up, waiting for their scheduled release. When you do the math on full dilution, HYPE’s valuation could stretch toward $64 billion, a figure that would place it comfortably in the top five crypto assets by market cap.
The protocol’s buyback mechanism, which uses trading fees to repurchase HYPE from the open market, acts as a counterweight to supply pressure.
Bitwise is doubling down regardless Bitwise launched a dedicated Spot Hyperliquid ETF, ticker BHYP, on May 15 with a sponsor fee of 0.34%. That product also includes staking options, meaning investors can earn yield on their HYPE exposure through the fund.
What investors should actually watch With 78% of supply still locked, even moderate unlock events could meaningfully impact price. Investors holding BHYP or BITW should understand that their exposure to HYPE carries dilution risk that Bitcoin and Ethereum holdings simply don’t.
The 0.34% sponsor fee on BHYP is aggressive by crypto fund standards, and it signals that fee competition among crypto ETF issuers is intensifying. For investors, lower costs mean more of the returns end up in their pockets rather than the fund manager’s.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@Bitwise has dropped Polkadot ($DOT) and Avalanche ($AVAX) from its flagship Bitwise 10 Crypto Index ETF (BITW) and replaced them with Hyperliquid ($HYPE) and Stellar ($XLM). The reshuffle, announced July 9, 2026, marks one of the sharpest generational shifts the fund has seen since its NYSE Arca debut.
From last-cycle blue chips to the sidelines Both $DOT and $AVAX were considered premier layer-1 assets through the 2021 bull market. Neither token loses anything on-chain as a result of this change, but their exit from one of crypto's most prominent passive products carries a symbolic weight. Both had been considered blue-chip layer-1 assets for much of the previous bull cycle, but the reconstitution process, built around constituent weight optimization and market capitalization rankings, determined they no longer meet the threshold for inclusion. Both coins had joined BITW at its NYSE Arca debut in December 2025 and lasted roughly six months.
$HYPE's $15 billion market value is 10 times $DOT's and five times $AVAX's. That gap in market cap, not sentiment, is what drives the BITW methodology. BITW seeks to track an index of the 10 largest crypto assets, screened by the experts at Bitwise, weighted by market cap, and rebalanced monthly.
$HYPE earns its seat on volume, not narrative $HYPE posted $1.34 trillion in trading volume and $320 million in revenue in the first half of 2026, with a 165% year-to-date gain. Those numbers put it in a different conversation from most crypto assets, and Bitwise's index methodology picked up on that shift. The rebalance results show $HYPE entering at a 0.93% weight, making it the fund's fifth-largest holding, ahead of Cardano, Chainlink, Litecoin, and Sui. Bitcoin still accounts for 77.54% of the fund.
Hyperliquid is a decentralized perpetuals exchange, a DeFi-native infrastructure play rather than a layer-1 general-purpose blockchain. Its entry alongside established names suggests the index is increasingly willing to weight real economic activity, revenue generation, and on-chain volume as markers of legitimacy. The majority of trading revenues, approximately 95% or more, are used to buy back $HYPE tokens on the open market, reducing supply and supporting the price.
Bitwise's interest in Hyperliquid is not limited to the index. The Bitwise Hyperliquid ETF (NYSE: BHYP) began trading on May 15, 2026. $HYPE ETFs have crossed $100 million in cumulative net inflows as traditional finance investors increased exposure to Hyperliquid. Index inclusion tends to drive passive demand, and exclusion can quietly work the other way, meaning the exit of $DOT and $AVAX from BITW could further weigh on already-depressed prices for both tokens.
BITW rebalances monthly and weights assets by market cap after screening, meaning tokens can enter or leave the fund when rankings, liquidity, and index checks change. For $HYPE, the more pressing question is whether it can hold its seat at the next reconstitution.
Sources:
Bitwise Drops 2 Altcoins From Flagship Crypto ETF (Yahoo Finance / BeInCrypto)
Bitwise Launches Spot Hyperliquid ETF (BHYP) - Bitwise Official
Hyperliquid lands in Bitwise 10 ETF after 165% HYPE rally (Crypto.news)
OpenAI is rolling out GPT-5.6 across ChatGPT, Codex, and its API, introducing a new three tier model family led by Sol, its latest flagship model.
The lineup also includes Terra, a balanced model for everyday work, and Luna, the company’s lowest cost option in the GPT-5.6 family. OpenAI says the new naming system separates the model generation from durable capability tiers, giving users and developers clearer choices across intelligence, speed, and cost.
The release follows a limited preview and expands access to GPT-5.6 across OpenAI’s consumer, developer, and enterprise products. The rollout is starting globally and is expected to continue toward full availability over 24 hours.
OpenAI is positioning GPT-5.6 Sol as its strongest model for coding, knowledge work, cybersecurity, and science. The company says the model delivers better performance per dollar by completing more successful work with fewer tokens and lower estimated cost than previous frontier models.
The company says Sol can coordinate tool use, inspect intermediate results, and refine outputs before returning finished work. In the API, Programmatic Tool Calling lets the model write and run lightweight programs in memory to filter intermediate data and decide next steps without sending every result back through the model.
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OpenAI is also introducing higher compute settings for more demanding tasks. Max gives GPT-5.6 more time to reason, check work, and revise outputs. Ultra goes further by coordinating multiple agents in parallel, with OpenAI describing the default setup as four agents working across separate workstreams before synthesizing the result.
Coding is one of the main areas OpenAI is using to frame the launch. The company says GPT-5.6 Sol sets a new state of the art on the Artificial Analysis Coding Agent Index and also improves on Terminal Bench 2.1 and DeepSWE, benchmarks focused on command line tasks and long horizon engineering work in real codebases.
OpenAI also says Terra performs above Claude Fable 5 on some coding agent measures, while Luna outperforms Claude Opus 4.8 at lower estimated cost.
OpenAI is making a similar pitch for knowledge work. GPT-5.6 is designed to work across documents, spreadsheets, presentations, Slack, Notion, Microsoft 365, Google Drive, and other workplace tools.
The company says Sol improves the quality of editable presentations, financial models, documents, and spreadsheets, especially when users provide reference files or templates.
The launch also puts safety back at the center of OpenAI’s model strategy. GPT-5.6 is more capable in cybersecurity and biology than earlier systems, but OpenAI says the models do not cross its Critical threshold in either category.
The company says its safeguards combine model training, real time checks, monitoring, account level enforcement, and access controls for higher risk capabilities.
OpenAI’s system card says GPT-5.6 Sol is treated as High capability in cybersecurity, with Terra and Luna also reaching the High threshold, though with lower overall capability than Sol.
The company says the goal is to preserve legitimate defensive work such as secure code review, patching, threat modeling, and vulnerability validation while applying tighter controls to serious misuse.
Pricing for the API starts at $5 per 1 million input tokens and $30 per 1 million output tokens for Sol. Terra is priced at $2.50 input and $15 output, while Luna is priced at $1 input and $6 output. OpenAI is also adding more predictable prompt caching, including explicit cache breakpoints and a 30 minute minimum cache life.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
OpenAI has rolled out a new family of models under the GPT-5.6 banner, introducing three distinct variants named Sol, Terra, and Luna, each aimed at a different slice of the market.
The full global release to ChatGPT, Codex, and the API went live on July 9, 2026, following a limited preview that kicked off on June 26, 2026, restricted to U.S. government-approved trusted partners.
Three models, three jobs Sol is the flagship. It is built for heavy lifting: advanced coding, scientific research, and enhanced cybersecurity applications.
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Terra sits in the middle. OpenAI positions it as delivering performance comparable to the previous GPT-5.5 generation, but at roughly half the cost.
Luna is designed for high-throughput, routine tasks where speed and cost efficiency matter more than raw capability.
The pricing math Sol costs $5 per million input tokens and $30 per million output tokens. Terra comes in at $2.50 input and $15 output, exactly half of Sol across the board. Luna drops further to $1 input and $6 output, making it the most affordable option in the family by a significant margin.
The rollout also comes with enhanced safeguards, particularly around cybersecurity applications and misuse prevention.
About those names Sol, Terra, and Luna happen to be identical, or nearly identical, to tickers and names associated with well-known blockchain projects: Solana trades as SOL, and the original Terra ecosystem gave the world LUNA before its spectacular collapse in 2022.
OpenAI has not announced any connection to blockchain technology, and nothing in the rollout suggests a link to digital assets. Some speculation has surfaced online, though without any substantive foundation in blockchain development or token announcements.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SK Hynix completes its U.S. ADR offering, raising $26.5 billion, setting a new record for a foreign company's IPO in the U.S.
South Korean semiconductor firm SK Hynix has completed its US depositary receipt (ADR) offering, raising $26.5 billion, setting a new record for the largest initial public offering (IPO) by a foreign company in the US and becoming the third-largest listing in global securities history. SK Hynix issued a total of 177.9 million ADRs, priced at $149 each, with each ADR equivalent to one-tenth of its common shares traded on South Korea’s domestic stock market. The final offering price was approximately 3% higher than the closing price of its home-listed shares. Per the transaction terms, SK Hynix ADRs will launch pre-market trading on the Nasdaq Global Select Market on Friday under the temporary ticker symbol "SKHYV", and are scheduled to switch to the official ticker "SKHY" for regular trading starting July 13. The offering is led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase, with 9 additional firms participating. Market feedback shows the offering received over 7 times oversubscription, with total subscription interest approaching $200 billion. Asset management firms including Baillie Gifford, Coatue Management, and Situational Awareness Partners took part in the subscription, with the top ten orders absorbing nearly half of the total shares. SK Hynix aims to list on the US stock market to narrow the valuation gap with US peers such as Micron Technology, and leverage overseas capital premiums to boost its corporate value. As a core supplier of high-bandwidth memory (HBM) for NVIDIA, SK Hynix already holds a significant market share in this segment. Meanwhile, US Secretary of Commerce Howard Lutnick stated he is in talks with Samsung Electronics and SK Hynix, urging the two South Korean memory chip manufacturers to expand production in the US to enhance the resilience of America’s domestic chip supply chain.
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The USDT Circulating Supply on #TRON has surpassed $90B.
The USDT Circulating Supply on #TRON has surpassed $90B. The network also processes an average of $23.8B in daily USDT transfer volume.
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Polymarket Seeks to Offer Legal Margin Trading in the US
，据彭博社报道，Polymarket 正在寻求监管批准，以在美国合法提供保证金交易。若获批，用户将能够以更少的前期资金押注事件结果，也有助于该预测市场平台吸引更成熟的交易者。根据 7 月 3 日提交给美国全国期货协会的文件，Polymarket 已通过其关联公司 Coming Home GBA LLC 申请注册为期货佣金商（FCM）。此外，Polymarket 还需要获得美国商品期货交易委员会批准，对其规则手册进行修改，以允许非全额抵押交易。
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The Federal Reserve has set up five external working groups to conduct a comprehensive review of its monetary policy operating mechanisms.
Federal Reserve Chair Kevin Warsh has formed five working groups to conduct a comprehensive review of the Federal Reserve’s monetary policy operational framework, covering areas including balance sheet management, policy tools, and the impact of artificial intelligence. The Fed stated that each working group will operate independently, conduct fact-based research, and submit rigorous analysis findings to the Federal Open Market Committee (FOMC). The groups will assess whether there is room for improvement in policy tools, analytical methods, and policy frameworks. Members of the review team include several prominent economists and former central bank officials. Among them, Harvard University economist Raj Chetty will co-lead the data working group, tech investor Marc Andreessen will head the productivity and employment working group, and former Chair of the White House Council of Economic Advisers Greg Mankiw will co-lead the inflation working group. Warsh noted that the U.S. economy has undergone massive changes over the past generation, with an even faster pace of transformation currently. The Federal Reserve needs to ensure it is operating at its optimal state to achieve its dual mandates of price stability and maximum employment. (Jinshi)
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Goldman Sachs bans its employees from participating in financial and politics-related prediction market trading.
According to Bloomberg, Goldman Sachs has banned its employees from trading in prediction markets, with the exception of sports and entertainment bets. This marks one of the clear steps Wall Street firms are taking to address new regulatory challenges stemming from the surge in event betting activity. Goldman recently updated its personal trading policy, prohibiting employees from trading event contracts linked to specific companies (including Goldman itself), as well as contracts tied to election outcomes and any financial market performance. Repeated policy violations may result in employee dismissal or account closure; in cases of improper trading, Goldman can also require staff to surrender profits exceeding $200 or donate the funds to charity. The firm’s policy explicitly bans employees from participating in event contracts related to corporate restructurings, mergers and acquisitions, ceasefire dates, Bitcoin prices, and M&A regulatory approval outcomes, among others. However, contracts such as "whether a particular team will win a championship" remain permitted. By comparison, JPMorgan Chase previously only required employees to "think carefully" before engaging in finance-related prediction markets, while hedge funds including Point72 and Balyasny have fully banned staff from using prediction markets via personal accounts.
Why Is B3 Adding More Crypto Derivatives? Brazil’s B3 stock exchange has expanded its regulated crypto derivatives offering with options on bitcoin, ether, and solana futures, giving local traders and asset managers another venue to manage digital asset exposure without moving into offshore crypto markets.
The new contracts became available for trading on July 6, according to a B3 circular. The rollout includes call and put options on bitcoin futures denominated in Brazilian reais, while ether and solana futures are denominated in U.S. dollars.
The launch adds another layer to Brazil’s growing regulated crypto market structure. Rather than offering spot crypto custody or direct token settlement, B3 is building listed derivatives linked to crypto benchmarks. That approach allows institutional participants to trade price exposure, volatility, and hedging strategies through exchange-traded instruments while staying inside a regulated market environment.
The timing also matters. Brazil is already one of Latin America’s most active crypto markets, with strong demand for stablecoins, crypto investment products, and regulated trading access. By expanding futures-linked options, B3 is positioning itself as a local infrastructure provider for crypto risk management rather than leaving more advanced trading activity to offshore venues.
How Do The New Contracts Work? The options settle into the underlying futures contracts, not into bitcoin, ether, or solana themselves. B3 said the products do not involve custody, transfer, or administration of spot cryptoassets.
That distinction is central to the product design. Settlement into futures allows the exchange to offer crypto-linked exposure while avoiding the operational issues tied to holding tokens directly. It also gives brokers, asset managers, and professional traders a clearer framework for margining, clearing, and risk management.
The contracts trade independently from 9 a.m. to 6:30 p.m. local time, according to B3’s derivatives trading schedule. Exercise is automatic at expiration when the option finishes in the money, unless the holder blocks exercise.
All 3 products reference Nasdaq crypto indexes, according to the announcement. B3’s bitcoin futures contract is denominated in reais, while its ether and solana futures are denominated in U.S. dollars. That split gives bitcoin exposure a local currency structure, while ether and solana remain linked to dollar-denominated pricing.
Investor Takeaway B3’s new crypto options give Brazilian investors a regulated way to trade volatility and hedge exposure without taking custody of tokens. The structure keeps the products closer to traditional derivatives markets than offshore spot crypto trading.
What Does This Mean For Traders And Asset Managers? For traders, the main change is access to local listed options tied to major crypto futures. That makes it easier to build directional positions, hedge futures exposure, trade implied volatility, and structure more complex strategies around bitcoin, ether, and solana.
For asset managers, the products can help manage portfolio risk without relying on offshore crypto options venues. A local listed market may also reduce operational friction for firms that face internal restrictions on custody, counterparty risk, or trading outside regulated exchanges.
The automatic exercise feature also brings the products closer to standard derivatives market practice. When an option expires in the money, it is exercised into the underlying futures contract unless the holder blocks exercise. That can simplify execution for professional users, though it also requires active margin and position management around expiration.
The product design may appeal most to participants that already understand futures-based crypto exposure. Since the options settle into futures rather than tokens, users must manage the risks of the underlying futures contracts, including leverage, margin calls, basis, and currency denomination.
Why Does This Matter For Brazil’s Crypto Market? The launch extends B3’s push into regulated crypto products after earlier moves to list bitcoin options, ether and solana futures, and prepare bitcoin-linked event contracts. The exchange is building a broader toolkit around digital assets while keeping the products inside the structure of listed derivatives.
That strategy reflects a wider trend in institutional crypto adoption. Regulated venues are not only offering direct exposure to crypto prices. They are also building the instruments needed for hedging, volatility trading, and structured allocation. Options are an important part of that market because they allow investors to manage downside risk, express views on volatility, and create defined-risk positions.
Brazil’s market is especially relevant because local demand for crypto exposure has grown alongside regulatory efforts to bring digital asset activity into formal financial channels. B3’s expansion gives domestic participants more tools, but it also increases the importance of liquidity, transparent pricing, and risk controls.
The new options do not remove crypto’s underlying volatility or regulatory uncertainty. They do, however, give professional investors a more familiar way to manage that volatility inside Brazil’s exchange infrastructure. For B3, the rollout strengthens its role as the country’s main regulated gateway for crypto-linked derivatives.
Trading volume for Solana has fallen to 2026 lows as record negative sentiment raises the possibility of a surprise market reversal.
Solana’s recovery appears to have lost momentum after it shed over 6% in the past week. As it currently trades near $77, it is facing its most negative market sentiment of 2026.
In fact, SOL’s trading volume has dropped to its lowest point in 2026, while negative commentary surrounding the asset has surged to its highest daily level this year, according to Santiment.
Rebound Setup Emerges Much of the disappointment stems from expectations that strong narratives around tokenized stocks and real-world asset (RWA) activity would translate into stronger price performance, something traders have yet to see.
Santiment noted that this combination of elevated fear, uncertainty, and doubt (FUD) alongside weak trading volume has historically created conditions that can favor a rebound. With retail participation low and sentiment deeply negative, there may be less resistance if large stakeholders decide to drive Solana’s prices higher, which could potentially set the stage for a sharp move that catches traders off guard.
The Solana network added 1.60 million new addresses over the past two weeks. Additionally, the SuperTrend indicator on SOL’s three-day chart also flashed a new buy signal for the first time since October 10, 2025, when the Average True Range (ATR) trailing stop moved below the price. According to analyst Ali Martinez, the previous SuperTrend sell signal was followed by a 74% price correction. He said the latest signal points to a bullish trend and could send SOL toward $100.
Michaël van de Poppe also observed that the crypto asset has re-entered its trading range and may briefly pull back before continuing its upward move. He added that holding the $75-$77 range as support could open the door to gains toward $100 and potentially $120 in the coming weeks or months.
$78 Holds the Key Another crypto analyst, Dami-Defi, also pointed to a potential breakout as SOL currently tests the upper boundary of a descending channel that has been in place since September 2025. According to the analyst, a three-day close above $78 would confirm the breakout and open the door to an initial move toward $105, followed by $125 and $155 if momentum continues.
You may also like: Why Capital Is Flowing Into XRP, SOL, and HYPE Instead of BTC and ETH Here’s How Deeply Underwater Corporate Crypto Bets Have Become After Latest Crash Bitcoin to $16 Trillion? ARK Says BTC Could Eat 70% of the Entire Crypto Market However, the setup would be invalidated by a three-day close below $72, and stronger trading volume would be needed to confirm the breakout.
¿Por qué la B3 suma más derivados cripto? La bolsa de valores brasileña B3 ha ampliado su oferta regulada de derivados cripto con opciones sobre futuros de bitcoin, ether y solana, ofreciendo a los traders locales y gestores de activos otra vía para gestionar su exposición a activos digitales sin recurrir a mercados cripto extraterritoriales.
Los nuevos contratos comenzaron a operarse el 6 de julio, según una circular de B3. El lanzamiento incluye opciones call y put sobre futuros de bitcoin denominados en reales brasileños, mientras que los futuros de ether y solana están denominados en dólares estadounidenses.
El lanzamiento añade una capa más a la creciente estructura del mercado cripto regulado de Brasil. En lugar de ofrecer custodia de cripto al contado o liquidación directa de tókenes, B3 está construyendo derivados listados vinculados a índices de referencia cripto. Este enfoque permite a los participantes institucionales operar exposición al precio, volatilidad y estrategias de cobertura mediante instrumentos cotizados en bolsa, manteniéndose dentro de un entorno de mercado regulado.
El momento también es relevante. Brasil ya es uno de los mercados cripto más activos de América Latina, con una fuerte demanda de stablecoins, productos de inversión cripto y acceso regulado al trading. Al ampliar las opciones vinculadas a futuros, B3 se posiciona como un proveedor local de infraestructura para la gestión de riesgo cripto, en lugar de dejar la actividad de trading más avanzada a plataformas extraterritoriales.
¿Cómo funcionan los nuevos contratos? Las opciones se liquidan en los contratos de futuros subyacentes, no en bitcoin, ether o solana propiamente. B3 señaló que los productos no implican custodia, transferencia ni administración de criptoactivos al contado.
Esa distinción es central en el diseño del producto. La liquidación en futuros permite a la bolsa ofrecer exposición vinculada a cripto evitando los problemas operativos asociados a la tenencia directa de tókenes. También brinda a brókers, gestores de activos y traders profesionales un marco más claro para el margen, la compensación y la gestión de riesgo.
Los contratos se negocian de forma independiente de 9:00 a 18:30, hora local, según el calendario de negociación de derivados de B3. El ejercicio es automático al vencimiento cuando la opción termina dentro del dinero (in the money), salvo que el titular bloquee el ejercicio.
Los 3 productos hacen referencia a índices cripto de Nasdaq, según el anuncio. El contrato de futuros de bitcoin de B3 está denominado en reales, mientras que sus futuros de ether y solana están denominados en dólares estadounidenses. Esa división le da a la exposición en bitcoin una estructura en moneda local, mientras que ether y solana permanecen vinculados a precios denominados en dólares.
Conclusión para el inversor Las nuevas opciones cripto de B3 dan a los inversores brasileños una forma regulada de operar volatilidad y cubrir su exposición sin tomar custodia de los tókenes. La estructura acerca los productos a los mercados de derivados tradicionales, más que al trading de cripto al contado en plataformas extraterritoriales.
¿Qué significa esto para traders y gestores de activos? Para los traders, el principal cambio es el acceso a opciones locales cotizadas vinculadas a los principales futuros cripto. Eso facilita construir posiciones direccionales, cubrir la exposición en futuros, operar con la volatilidad implícita y estructurar estrategias más complejas en torno a bitcoin, ether y solana.
Para los gestores de activos, los productos pueden ayudar a gestionar el riesgo de cartera sin depender de plataformas de opciones cripto extraterritoriales. Un mercado local cotizado también puede reducir la friccion operativa para las firmas que enfrentan restricciones internas en materia de custodia, riesgo de contraparte o trading fuera de bolsas reguladas.
La función de ejercicio automático también acerca los productos a la práctica estándar del mercado de derivados. Cuando una opción vence dentro del dinero, se ejerce hacia el contrato de futuros subyacente, salvo que el titular bloquee el ejercicio. Eso puede simplificar la ejecución para usuarios profesionales, aunque también exige una gestión activa del margen y de las posiciones en torno al vencimiento.
El diseño del producto puede resultar más atractivo para los participantes que ya comprenden la exposición cripto basada en futuros. Dado que las opciones se liquidan en futuros y no en tókenes, los usuarios deben gestionar los riesgos de los contratos de futuros subyacentes, incluidos el apalancamiento, los margin calls, la base y la denominación en divisas.
¿Por qué esto importa para el mercado cripto de Brasil? El lanzamiento extiende el impulso de B3 hacia productos cripto regulados, tras movimientos previos para listar opciones de bitcoin, futuros de ether y solana, y preparar contratos de eventos vinculados a bitcoin. La bolsa está construyendo un conjunto de herramientas más amplio en torno a los activos digitales, manteniendo los productos dentro de la estructura de los derivados cotizados.
Esa estrategia refleja una tendencia más amplia en la adopción institucional de cripto. Las plataformas reguladas no solo ofrecen exposición directa a los precios de las criptomonedas. También están construyendo los instrumentos necesarios para la cobertura, el trading de volatilidad y la asignación estructurada. Las opciones son una parte importante de ese mercado porque permiten a los inversores gestionar el riesgo a la baja, expresar opiniones sobre la volatilidad y crear posiciones de riesgo definido.
El mercado brasileño es especialmente relevante porque la demanda local de exposición cripto ha crecido junto con los esfuerzos regulatorios para llevar la actividad de activos digitales hacia canales financieros formales. La expansión de B3 brinda a los participantes locales más herramientas, pero también aumenta la importancia de la liquidez, la fijación de precios transparente y los controles de riesgo.
Las nuevas opciones no eliminan la volatilidad subyacente de las criptomonedas ni la incertidumbre regulatoria. Sin embargo, sí dan a los inversores profesionales una forma más familiar de gestionar esa volatilidad dentro de la infraestructura bursátil de Brasil. Para B3, el lanzamiento refuerza su papel como la principal puerta de entrada regulada del país para los derivados vinculados a cripto.
Por Que a B3 Está Ampliando os Derivativos de Cripto? A bolsa brasileira B3 expandiu sua oferta regulada de derivativos de criptoativos com opções sobre futuros de bitcoin, ether e solana, oferecendo a traders locais e gestores de ativos mais um ambiente para gerenciar exposição a ativos digitais sem precisar migrar para mercados de cripto no exterior.
Os novos contratos passaram a ser negociados em 6 de julho, de acordo com um comunicado da B3. O lançamento inclui opções de compra e venda sobre futuros de bitcoin denominados em reais, enquanto os futuros de ether e solana são denominados em dólares americanos.
O lançamento adiciona mais uma camada à crescente estrutura do mercado regulado de cripto no Brasil. Em vez de oferecer custódia de cripto à vista ou liquidação direta de tokens, a B3 está construindo derivativos listados vinculados a benchmarks de cripto. Essa abordagem permite que participantes institucionais negociem exposição a preços, volatilidade e estratégias de hedge por meio de instrumentos negociados em bolsa, permanecendo dentro de um ambiente de mercado regulado.
O momento também é relevante. O Brasil já é um dos mercados de cripto mais ativos da América Latina, com forte demanda por stablecoins, produtos de investimento em cripto e acesso regulado à negociação. Ao expandir as opções vinculadas a futuros, a B3 está se posicionando como um provedor de infraestrutura local para gestão de risco em cripto, em vez de deixar as atividades de negociação mais avançadas para plataformas no exterior.
Como Funcionam os Novos Contratos? As opções são liquidadas nos contratos futuros subjacentes, não em bitcoin, ether ou solana propriamente ditos. A B3 informou que os produtos não envolvem custódia, transferência ou administração de criptoativos à vista.
Essa distinção é central para o desenho do produto. A liquidação em futuros permite que a bolsa ofereça exposição vinculada a cripto evitando os problemas operacionais associados à posse direta de tokens. Isso também dá a corretoras, gestores de ativos e traders profissionais um framework mais claro para margem, compensação e gestão de risco.
Os contratos são negociados de forma independente das 9h às 18h30, horário local, de acordo com o cronograma de negociação de derivativos da B3. O exercício é automático no vencimento quando a opção está dentro do dinheiro (in the money), a menos que o titular bloqueie o exercício.
Os 3 produtos referenciam índices de cripto da Nasdaq, segundo o anúncio. O contrato futuro de bitcoin da B3 é denominado em reais, enquanto seus futuros de ether e solana são denominados em dólares americanos. Essa divisão dá à exposição em bitcoin uma estrutura em moeda local, enquanto ether e solana permanecem vinculados à precificação em dólares.
Resumo para Investidores As novas opções de cripto da B3 dão aos investidores brasileiros uma forma regulada de negociar volatilidade e proteger exposição sem precisar tomar custódia dos tokens. A estrutura mantém os produtos mais próximos dos mercados de derivativos tradicionais do que da negociação de cripto à vista no exterior.
O Que Isso Significa Para Traders e Gestores de Ativos? Para os traders, a principal mudança é o acesso a opções listadas localmente vinculadas aos principais futuros de cripto. Isso facilita a construção de posições direcionais, o hedge de exposição em futuros, a negociação de volatilidade implícita e a estruturação de estratégias mais complexas envolvendo bitcoin, ether e solana.
Para gestores de ativos, os produtos podem ajudar a gerenciar o risco de portfólio sem depender de plataformas de opções de cripto no exterior. Um mercado listado local também pode reduzir o atrito operacional para empresas que enfrentam restrições internas sobre custódia, risco de contraparte ou negociação fora de bolsas reguladas.
O recurso de exercício automático também aproxima os produtos das práticas padrão do mercado de derivativos. Quando uma opção vence dentro do dinheiro, ela é exercida no contrato futuro subjacente, a menos que o titular bloqueie o exercício. Isso pode simplificar a execução para usuários profissionais, embora também exija gestão ativa de margem e posição próximo ao vencimento.
O desenho do produto pode atrair principalmente participantes que já compreendem a exposição a cripto baseada em futuros. Como as opções são liquidadas em futuros, e não em tokens, os usuários precisam gerenciar os riscos dos contratos futuros subjacentes, incluindo alavancagem, chamadas de margem, base e denominação em moeda.
Por Que Isso Importa Para o Mercado de Cripto do Brasil? O lançamento amplia a aposta da B3 em produtos regulados de cripto, após movimentos anteriores de listar opções de bitcoin, futuros de ether e solana, e preparar contratos de evento vinculados ao bitcoin. A bolsa está construindo um conjunto de ferramentas mais amplo em torno de ativos digitais, mantendo os produtos dentro da estrutura de derivativos listados.
Essa estratégia reflete uma tendência mais ampla na adoção institucional de cripto. Plataformas reguladas não estão apenas oferecendo exposição direta aos preços de cripto. Elas também estão construindo os instrumentos necessários para hedge, negociação de volatilidade e alocação estruturada. As opções são uma parte importante desse mercado porque permitem que os investidores gerenciem o risco de queda, expressem visões sobre volatilidade e criem posições de risco definido.
O mercado brasileiro é especialmente relevante porque a demanda local por exposição a cripto tem crescido junto com os esforços regulatórios para trazer a atividade de ativos digitais para canais financeiros formais. A expansão da B3 dá aos participantes domésticos mais ferramentas, mas também aumenta a importância da liquidez, da precificação transparente e dos controles de risco.
As novas opções não eliminam a volatilidade subjacente das criptomoedas nem a incerteza regulatória. Elas, no entanto, oferecem aos investidores profissionais uma forma mais familiar de gerenciar essa volatilidade dentro da infraestrutura de bolsa do Brasil. Para a B3, o lançamento fortalece seu papel como o principal portal regulado do país para derivativos vinculados a cripto.
