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Injective (INJ) remains in a recovery phase despite a mild daily decline, with technical indicators signaling renewed buying interest. The INJ token now benefits from improved accessibility after its integration with Coinbase, boosting exposure as traders monitor key resistance levels.

Technical outlook and key price levelsINJ is currently trading at $5.16, accompanied by a 24-hour trading volume of $62.96 million and a market capitalization of $513.67 million. Although the token posted a 2.08% drop in value over the past 24 hours, its price structure suggests the possibility of a near-term bullish reversal.

Abundance, a crypto analyst, observed that INJ has rebounded from a recent bottom at $4.45 and is forming a series of higher highs and higher lows on the daily chart. This pattern, combined with the token’s movement above a rising moving average, reinforces market optimism. Abundance highlighted the $5.05–$5.10 range as critical short-term support, reflecting growing buyer confidence.

The recent upward move stalled at the $5.30–$5.40 range due to increased selling pressure. Nevertheless, subdued candle bodies suggest consolidation rather than a significant reversal. If INJ remains above $5.05, analysts expect another attempt to challenge the next supply zone near $5.84, which now stands as the principal resistance.

Holding above the $5.05 line could encourage another test of the $5.84 supply zone, while a decisive break above $5.84 may set the stage for further gains toward $6.50. Conversely, a decline below $5.05 could lead to a retreat to support levels at $4.85, $4.60, and $4.45.

Price LevelRole$5.05–$5.10Immediate support$5.30–$5.40Short-term resistance$5.84Major resistance$6.50Key resistance/target$4.85/$4.60/$4.45Support levels on breakdownCoinbase integration and ecosystem expansionAccording to Injective, native INJ is now officially available on Coinbase. This integration gives Coinbase users the ability to deposit, withdraw, and trade INJ directly, streamlining participation in the Injective ecosystem. As the largest US-based cryptocurrency exchange by trading volume, Coinbase’s support is expected to boost awareness and liquidity for the INJ token.

Injective is a layer-1 blockchain focused on building decentralized finance (DeFi) applications, enabling cross-chain trading and robust interoperability between networks. The protocol allows developers to create exchanges, derivatives, and other financial products with strong performance and minimal fees.

Mini dictionary: Injective is a decentralized blockchain protocol designed for finance, providing a platform for building dApps focused on trading, derivatives, lending, and more. It is optimized for cross-chain interoperability and low fees, attracting DeFi projects that require customizable modules for financial services.

The partnership with Coinbase simplifies movement of assets into the Injective protocol and is anticipated to spark increased involvement in the token ecosystem. As more exchanges introduce direct support for native INJ, the project expects to benefit from expanded liquidity and broader participation.

Native INJ is now live on Coinbase, and users can seamlessly transfer the asset between Coinbase and the Injective ecosystem through direct deposits and withdrawals, giving traders improved accessibility and flexibility.

Market context and outlookDespite the market optimism and fresh exchange listing, INJ continues to face downward pressure, reflecting broader weakness in the cryptocurrency market. Bitcoin (BTC) has also started to trend lower, which has contributed to recent soft performance in INJ and similar tokens.

Analysts have issued positive technical outlooks based on Injective’s recovery from local lows, but emphasize that market conditions remain volatile. Price movements may continue to mirror trends in leading digital assets until INJ establishes a decisive move above major resistance levels.

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.

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Aptos (APT) continued to face downward pressure on Friday, marking a fresh decline after a bearish pennant pattern followed a significant sell-off. While the ecosystem has seen ongoing development and upgrades, buyers have been unable to reverse the broader downtrend, even as activity on the network remains steady during this consolidation phase. Technical indicators, including the Relative Strength Index (RSI), are being closely monitored by traders as the price contracts and market participants weigh the possible breakout direction.

Price Movement and Market MetricsAt press time, Aptos traded at $0.6132, down 2.14% over the previous 24 hours. Over the last week, the token has edged up by 0.27%. CoinMarketCap reported a 24-hour trading volume of $36.55 million and a total market capitalization of $518.39 million.

Analyst Crypto With Gopal described a bearish pennant formation in Aptos after the substantial price drop, a pattern typically reflecting consolidation ahead of a further directional move. Volatility remained limited as the token’s price contracted within the pennant boundaries, with bulls failing to establish the momentum needed for a reversal. A decisive move below the declining lower trendline could prompt additional selling, while a clear breakout above resistance levels, backed by volume, may counter current bearish expectations.

APT’s reduced volatility inside the pennant signals that the bullish camp has yet to show sufficient strength to mount a reversal. Sellers are closely watching the declining lower trendline, as breaching it could accelerate downside momentum.

CoinGlass data indicated an 8.15% increase in APT futures trading volume to $71.14 million, as open interest declined 2.66% to $73.52 million. The OI-weighted funding rate held at a positive 0.0062%, reflecting net payments from holders of long positions to their short counterparts.

RSI values, according to TradingView, stood at 46.80, yet remained below the critical 50 mark, suggesting that buying momentum has not fully recovered. However, the RSI’s position above its moving average of 43.88 hinted at some improvement. The MACD line was recorded at -0.010, sitting above the signal line at -0.014, and the histogram showed a positive 0.004. These figures suggest that bearish strength is waning as these indicators edge toward the neutral zero level.

Ecosystem Advances: AIP-146 and On-Chain TradingDespite the price weakness, development activity within the Aptos ecosystem remains robust. The Aptos Foundation recently introduced AIP-146, a proposal designed to enable unlocked staked APT tokens to unlock higher transaction limits needed for demanding workloads. Target applications include liquidations, advanced decentralized finance (DeFi) protocols, and comprehensive on-chain risk management systems.

The initiative aims to provide developers with significant capabilities to create fully on-chain financial markets, eliminating the necessity for off-chain infrastructure. Increasing transaction limits focuses on supporting complex transactions rather than simply boosting transactional speed.

Under AIP-146, staking APT tokens grants access to increased transaction limits, allowing sophisticated DeFi workloads such as liquidations and risk management to operate efficiently directly on-chain.

Alongside AIP-146, Aptos has seen the rollout of DecibelTrade, a natively on-chain trading platform emphasizing transparent settlement and intra-day trading activities. DecibelTrade debuted with the “First Trade on Us” campaign, encouraging engagement and providing incentives for early adopters.

While watching closely for key resistance levels and technical signals such as the RSI and MACD crossovers, investors are increasingly utilizing multi-currency portfolio management tools and timely price alerts to navigate market shifts. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.

These ongoing ecosystem enhancements highlight developers’ focus on expanding Aptos’s technical capacity and trading infrastructure, even as market participants closely watch near-term price action and key support areas.

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.

PANews July 24 news, according to Arkham statistics, the Meme coin CASHCAT on Robinhood Chain has over 61,000 holders, but the top 1000 addresses hold 89.1% of the supply, worth over $40 million. Other tokens held by these addresses include PONS ($2.84 million), TENDIES ($1.87 million), STONKBROKER ($1.1 million), Index ($1.07 million), WOOD ($409,000), SQUEEZE ($314,000), VIRTUAL ($308,000), JUGGERNAUT ($299,000), UP ($275,000), DEGEN ($247,000), KITSU ($229,000), SWOGE ($211,000) and VEX ($207,000).

PANews, July 24 – CryptoQuant analyst Darkfost pointed out that in recent months, traditional markets have significantly outperformed crypto assets, turning traditional financial assets from a niche market into a key segment on crypto exchanges. Taking Gate as an example, the platform now allows users to trade precious metals, commodities, stocks, indices, and ETFs. Among them, precious metals (gold and silver) have recorded cumulative trading volume exceeding $11 billion since launch, far outstripping stocks’ $8.4 billion, indices and ETFs’ $1.2 billion, and other commodities’ $494 million. Excluding crypto assets, precious metals account for 52% of Gate’s trading volume, stocks for 39%, indices and ETFs for 6%, and other commodities for just 2.3%.

Precious metals listings make up only 4.8% of the platform’s total traditional finance tokens (stocks 72.8%, indices and ETFs 19.8%), yet they concentrate most of the liquidity. Since 2025, gold has gained 115% and silver has surged over 322%. This performance during the Bitcoin bear market has drawn some crypto investors toward traditional finance, and exchanges that made an early move have been rewarded.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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On Thursday, July 23, Cathie Wood’s ARK Invest purchased almost $60 million worth of Tesla, Circle Internet Group and Securitize Corp. stock. The purchases coincided with a dramatic sell-off in U.S. stocks. Inflation-driven higher oil prices, higher US Treasury yields and a strong dollar led to a bearish investor sentiment.

Cathie Wood Bets Big On Tesla, Circle, Securitize Stocks Elon Musk’s Tesla was ARK’s biggest purchase of the day. The EV company fell 14.52% to close at $319.69. ARK purchased roughly $51.20 million in Tesla stock via its four exchange-traded funds (ETFs), per the stock’s closing price.

Tesla stock price chart. Source: Yahoo! Finance Cathie Wood’s ARKK ETF added approximately $31.58 million worth of 98,782 TSLA shares. ARKQ’s total number of added Tesla shares added was 30,396, worth $9.72 million. Moreover, ARKW purchased 21,048 Tesla shares at $6.73 million, while ARKX bought 9,925 shares at $3.17 million. Recently, ARK also invested $14 million in SpaceX stock as the share price continued declining despite Tesla merger talks.

Additionally, ARK has raised its stake in Circle Internet Group. The stablecoin provider closed at $62.18, losing over 6%. At this closing, ARK’s purchase of CRCL stock is worth around $8.09 million.

Here is every move that Cathie Wood and Ark Invest made in the stock market today 7/23 pic.twitter.com/f2qHkLBUoN

— Ark Invest Tracker (@ArkkDaily) July 24, 2026

According to ARK Invest’s disclosure, ARKK purchased approximately $5.74 million in Circle stock for a total of 92,352 shares. Nearly $1.63 million worth of shares were added to the ARKW stock. The company, ARKF, bought 11,512 shares that cost about $715,216.

The Cathie Wood-led firm also bought 48,377 shares of Securitize Corp through ARKF. The stock closed at $7.30, down 4.82%. An estimated $353,152 was paid for the purchase at the closing price.

The U.S. Stock Market Plummets Hard Cathie Wood’s shopping spree occurred while the U.S. stock market registered a crash. Overnight, prices for Brent crude oil rose above $101. Treasury yields and the U.S. dollar also gained. Technology stocks were among the worst hit by the sell-off. Tesla, Alphabet, Nvidia, Meta, Amazon and Oracle stocks were among the worst affected.

The Dow Jones Industrial Average fell 506.93 points, or 0.97%, to 51,711.65. The Nasdaq Composite dropped 553.21 points, or 2.15%, to 25,137.69. The S&P 500 lost 90.66 points, or 1.21%, to close at 7,408.30.

Charles Schwab’s Head Trading and Derivatives Strategist Joe Mazzola commented on the recent tech earnings miss. He said, “Earnings were mostly positive for Alphabet and somewhat disappointing for Tesla. Alphabet raised spending forecasts and Tesla confirmed that 2026 remains a ‘massive’ spending year, giving chip firms a lift.”

He further added, “It wasn’t enough to overcome geopolitical headwinds, and worries intensified in the bond market, where the benchmark 10-year note yield posted a new 2026 high of 4.71%. In the background, chances of a Federal Reserve rate hike next week keep climbing as oil raises inflation concerns, reaching 38% according to the CME FedWatch Tool.”

To explore tokenized stock trading, visit our page on Best Platforms to Trade Tokenized Stocks.

The New York Times reports that a strike on the Saudi-owned tanker Encelia in the Red Sea has pushed oil prices above $100 a barrel. The incident, which occurred on July 23, involved a fire on the vessel and comes amid claims of responsibility from the Houthis, who alleged that two Saudi tankers, including Encelia, violated a maritime blockade. The price of Brent crude, a global benchmark, surged to its highest level in over a month, reflecting concerns over supply risks in key shipping lanes. Saudi state media confirmed the attack but stated that all crew members were safe.

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Key Takeaways Market activity suggests a heightened probability of oil reaching a new all-time high, with prices sharply increasing following the incident. The market’s response indicates that participants view geopolitical tensions in the Middle East as supportive of a YES outcome for oil price hikes. Recent movements in oil markets appear consistent with increased supply-risk concerns, driving up short-term price expectations. What to Watch Watch for further developments involving geopolitical tensions in the Middle East, which could influence oil market dynamics significantly. Statements or actions by key figures such as OPEC’s Mohammad Sanusi Barkindo or Saudi Energy Minister Abdulaziz bin Salman Al Saud may provide further indications of potential market shifts. Additionally, any new reports of strikes or disruptions in key shipping lanes could further affect market expectations for oil prices reaching new highs by the end of the year.

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

The closure of crypto derivatives exchange BitMEX is prompting fresh questions about whether the industry is entering a new phase of consolidation, as analysts point to market-share concentration and rising regulatory costs squeezing smaller platforms.

While BitMEX helped pioneer perpetual swaps that became a cornerstone of digital asset derivatives trading, its daily Bitcoin futures volume began declining around May 2021 and never recovered to its 2020 daily peak of between $1 billion and $5 billion, according to data from CryptoQuant.

Restructuring adviser Roshan Dharia told Cointelegraph the exchange’s demise reflects structural pressures facing mid-sized centralized exchanges, where liquidity has increasingly concentrated among the industry’s largest players and regulatory compliance costs continue to rise. He said:

The top five platforms now control an estimated 80% of global spot volume, leaving mid-tier and regional exchanges with shrinking margins and no viable path to scale... The headwinds are structural, not cyclical.Source: BitMEX

The fall of BitMEXBitMEX, the crypto derivatives exchange founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed, announced on Thursday that it will shut down. Trading is scheduled to end on Sept. 23 following a strategic review by parent company HDR Global Trading.

The shutdown announcement also triggered a sharp sell-off in BitMEX’s utility token, BMEX, which plunged more than 90% after the exchange revealed plans to wind down operations. 

BMEX token drops over 90%. Source: CoinMarketCap.

The announcement came after years of declining market share. CoinGecko ranked BitMEX ninth among derivatives exchanges in August 2023 with a 0.9% share of trading volume. By 2025, it no longer appeared among the firm’s top 10 perpetual exchanges, even as annual perpetual trading volume across those platforms climbed 47.4% to a record $86.2 trillion.

The rise of regulated competitorsBitMEX rose to prominence by offering offshore perpetual derivatives years before similar products became available through regulated venues. Today, those same products are increasingly offered through licensed exchanges in jurisdictions including the United States and the United Kingdom.

In the US, Coinbase launched perpetual-style futures through a Commodity Futures Trading Commission-regulated exchange in May after receiving no-action relief from the regulator. The CFTC also approved Bitcoin perpetual futures for Kalshi. In June, Kraken followed with CFTC-regulated perpetual futures for eligible US traders through its recently acquired Bitnomial exchange.

The trend has also extended beyond the United States. This month, Coinbase secured a UK investment services license allowing it to expand its derivatives business ahead of the country’s new crypto regulatory regime.

Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach

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BitMEX shuts down as analysts warn of accelerating crypto consolidation

BitMEX Platform Token Plunges Over 99% Following Shutdown Announcement

Market data shows that, likely influenced by BitMEX’s shutdown announcement, its exchange platform token (issued in 2022) plummeted 99.69%, and at one point experienced liquidity issues. Earlier news reported that crypto exchange BitMEX announced it will close on September 23 and has stopped new user registrations.

Vanar Announces Migration to Base, Total Supply of VANRY Token Increases to 10 Billion

Vanar issued an announcement stating that it will no longer operate purely as a Layer 1 blockchain, but instead focus on building an AI Organizations economy and will migrate to the Base chain. In terms of tokens, existing VANRY holders will migrate at a 1:1 ratio, with their holdings remaining unchanged. However, the total supply will increase from 2.4 billion to 10 billion tokens to support AI Organizations ecosystem incentives, developers, partners, and infrastructure development. During the migration phase, 62% of the total supply remains locked. The newly added portion has a cliff period and is subject to a 60-month vesting schedule, meaning it will take five years for the full allocation to be distributed. After the cliff period, the monthly distribution will be approximately 1% of the total portion. Additionally, Vanar will end its validator staking mechanism on Vanarchain and integrate its infrastructure onto the Base network.

Changxin Technology Shares to List on Shanghai Stock Exchange STAR Market on July 27

Changxin Technology Company’s shares will be listed on the Shanghai Stock Exchange’s STAR Market on July 27, 2026.

Citigroup Lowers Coinbase Target Price from $400 to $235

Citigroup has lowered its target price for Coinbase (COIN) from $400 per share to $235.

Binance Alpha Launches Third Round of Swarm Network (TRUTH) Airdrop, 256 Points Can Claim 2,501 Tokens

Binance Alpha has launched the third round of Swarm Network (TRUTH) airdrop distribution. Users holding at least 256 Binance Alpha points can claim 2,501 TRUTH token airdrops on a first-come, first-served basis. If the reward pool is not fully allocated, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha Events page within 24 hours; otherwise, it will be considered a forfeiture of the airdrop.

Abu Dhabi Sovereign Wealth Fund Partners with Coinbase to Launch Tokenized Private Equity Fund

Mubadala Capital, an Abu Dhabi sovereign wealth fund, announced a partnership with Coinbase and infrastructure provider KAIO to launch a blockchain-native version of its long-term private equity fund, issued to qualified investors in the form of compliant tokens. Coinbase will use its Base blockchain as one of the networks operating the tokens and will purchase the tokens itself, holding them on its corporate balance sheet. This marks the first time a U.S.-listed company has used regulated tokenized assets for native on-chain treasury management on its U.S. stock balance sheet.

Michael Saylor Announces Launch of Bitcoin Security Consortium, Commits $15 Million Over Three Years

Michael Saylor tweeted that he officially launched the Bitcoin Security Consortium. The consortium is dedicated to supporting the long-term security and resilience of the Bitcoin network and has pledged a total of $15 million in funding over the next three years. Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets®, Galaxy, and Strategy, covering various sectors of the Bitcoin ecosystem, including bitcoin holders, custodians, exchanges, infrastructure providers, payment providers, and asset managers. The daily operations of the consortium are coordinated by Mike Schmidt, Executive Director of Brink. Brink is a 501(c)(3) nonprofit organization dedicated to funding and supporting Bitcoin open-source developers. Schmidt himself is participating on a volunteer basis.

Data: Cumulative On-Chain Perpetual Swap Trading Volume Surpasses $15 Trillion

Data disclosed by CryptoRank shows that cumulative on-chain perpetual swap trading volume has surpassed $15 trillion. The most significant growth occurred in 2024-2025 (up 200%), driven primarily by the development and growth of Hyperliquid and other perpetual DEXs, as well as the rapid expansion of the on-chain perpetual swap market. Since January 2026, Hyperliquid has maintained its market-leading position, accounting for 30% of total trading volume.

U.S. Initial Jobless Claims Last Week Were 187,000, Below Market Expectations

U.S. initial jobless claims for last week came in at 187,000, compared to an estimated 211,000 and a previous figure of 208,000.

UN Report: Southeast Asian Cryptocurrency Scam Losses Could Exceed $100 Billion, Comparable to Some Countries’ GDP

The United Nations Office on Drugs and Crime (UNODC) stated in a report that the scam industry in Southeast Asia has solidified into a single, interconnected criminal economy, with losses now comparable to the output of some nations. It is estimated that in 2025 alone, losses from scam crimes in East Asia, Southeast Asia, Australia, and New Zealand will reach $88.3 billion to $114.1 billion, a figure that "exceeds the GDP of several countries in the region." The majority of these are cryptocurrency investment scams, most of which are conducted in massive criminal compounds. The agency urged police in Southeast Asia to receive specialized cryptocurrency training to trace and seize illicit funds, warning that disruption-focused strategies are not working.

Bitcoin Treasury Company Empery Digital Invests $20 Million in Cardinal Data Power, Holds Approximately 8% Equity

Empery Digital Inc. (Nasdaq: EMPD), which employs a bitcoin treasury management strategy, announced that it completed a $20 million preferred stock investment in Cardinal Data Power, Inc. ("CDP") on July 20, holding approximately 8% equity. This investment is part of CDP's approximately $70 million Series A funding round, aimed at supporting its first data center campus project in West Texas. The Series A round was led by Hood River Capital Management. CDP is a private developer affiliated with Hunt Properties, specializing in powered data center campus development.

Kaito AI: Has Reached a Data Cooperation Agreement with X Company to Support Various Application Scenarios

Singapore-based crypto data company Kaito AI tweeted that it has reached a data cooperation agreement with X company, aimed at supporting multiple application scenarios.

LayerZero and Keeta Partner to Launch New Tokenized Commercial Bank Coin

LayerZero and Keeta have reached a partnership to enable interoperability of tokenized commercial bank funds across Ethereum, Solana, Base, and Keeta networks. According to the announcement, the issuance centers on Keeta Stablecoin, a new type of tokenized commercial bank money funded by commercial bank deposits and traded through the Bivo platform. Bivo is a US-licensed fintech platform with access to the US payment system and a network of partner banks. Unlike traditional stablecoins that rely on multiple types of reserves, Keeta Stablecoin represents actual commercial bank deposits and allows the issuing institution to retain full contract permissions at every stage through LayerZero's Omnichain Fungible Token standard. LayerZero stated that the Keeta Stablecoin will be issued in USD later this month, following earlier launches of currencies including Euro, Japanese Yen, Renminbi, British Pound, Canadian Dollar, Mexican Peso, UAE Dirham, and Hong Kong Dollar. The statement said Keeta is a Visa Direct payment network partner, is building blockchain infrastructure for regulated financial institutions, and recorded 11.2 million verified transactions per second in a public stress test with the Google Spanner engineering team.

2,210 BTC Transferred from Anonymous Wallet to Kraken, Worth Approximately $143.8 Million

2,210 BTC ($143,824,955) were transferred from an unknown wallet to Kraken, worth approximately $143.8 million.

Sky Protocol Q2 Revenue Exceeds $100 Million, Up 10.5% YoY

The Sky Frontier Foundation released its Sky ecosystem report for Q2 2026. Sky Protocol achieved profitability for the fifth consecutive quarter, with total protocol revenue reaching $107.35 million, up 10.5% year-over-year; net protocol revenue grew even faster to $40.09 million, up 25.1% year-over-year, bringing total revenue over the past 12 months to $159.63 million. Net protocol surplus was $33.29 million, positive for the fifth consecutive quarter. Protocol collateral grew 45.5% year-over-year to $12.32 billion, and sUSDS reached $5.52 billion at the end of the quarter, up 149% year-over-year. Sky Reserve retained $29.87 million in Q2, the largest quarterly contribution since the recapitalization on March 14, bringing its quarter-end reserves to $82.4 million.

Arthur Hayes Responds to BitMEX Shutdown: Incredibly Proud of Everything We Built Together

In response to the BitMEX shutdown, former BitMEX co-founder Arthur Hayes tweeted his thanks to partners, BitMEX employees, and customers, calling it a wonderful journey and expressing pride in what was built. "Thank you to my partners, the BitMEX employees, and most importantly: our customers. It's been a hell of a ride. We created something extraordinary together. I'm incredibly proud of everything we built together, and we get to shut it down responsibly, on our own terms. Satoshi lives."

Ondo Finance's Oasis Pro Markets Receives FINRA Authorization to Offer Tokenized Stocks and Funds to US Investors

Ondo Finance announced that its SEC-registered broker-dealer subsidiary Oasis Pro Markets has received authorization from US regulators to launch regulated tokenized securities markets and services in the US under the oversight of the SEC and FINRA. Oasis Pro Markets' authorization allows it to conduct tokenized securities trading in the US, regulated by the SEC and FINRA. The authorization covers activities including over-the-counter trading, underwriting primary market issuances, private placements, and other activities. Additionally, Oasis Pro Markets will operate a compliant platform for US issuers to conduct primary market issuances of tokenized securities and for US institutional and retail investors to trade these tokenized securities on the secondary market. Under this framework, Oasis Pro Markets can provide US investors with market access to NMS stocks, ETFs, mutual funds and index fund interests, and securities issued through IPOs and traded on the secondary market. Settlement of these assets can be in fiat currency or supported stablecoins, including settlement directly between blockchain-based wallets.

Uniswap v4 Launches Permissioned Pools

Uniswap has launched Permissioned Pools, a new hook standard on Uniswap v4 that enables the trading of permissioned assets through automated market makers, with compliance enforced directly on-chain. Permissioned Pools were developed in collaboration with on-chain regulated asset teams. The first partners include Superstate, Securitize, and Dowgo.

US SEC to Host Roundtable on September 17 to Discuss Transition to 24-Hour Stock Trading

The US Securities and Exchange Commission (SEC) will host a roundtable on September 17 to explore matters related to the transition of the US stock market to 24-hour trading, including preparations to support overnight trading, 24-hour market operations and resilience, and the opportunities and challenges of expansion. The roundtable will be open to the public and livestreamed on the SEC website. The agenda and speaker information for the roundtable will be announced ahead of the event.

Tom Lee: The AI "Wealth Uncanny Valley" Is Approaching, Future AI Agents Could Generate More Income Than Individuals

Tom Lee, Chairman of Ethereum treasury company Bitmine, shared an interview on X platform saying that artificial intelligence is approaching what he calls the "uncanny valley of wealth," and at some point in the future, the income generated by an individual's AI agents may exceed their own labor income. Tom Lee believes that when this moment arrives, people may begin to wonder whether "I am working for AI or AI is working for me." In the future, AI agents may take over bank accounts, replace some jobs, and even build independent financial systems, and he acknowledged that this trend "may make people fearful of the future."

SemiAnalysis: ASML Raises FY2026 Guidance Twice, Signaling Further Strengthening of Semiconductor Equipment Upcycle

Research firm SemiAnalysis posted on X that ASML raised its FY2026 guidance for the second time in three months during its Q2 earnings report, which it believes signals a further strengthening of a new upcycle in the semiconductor equipment industry. SemiAnalysis pointed out that positive signals include order visibility extending to 2028, management proactively planning capacity expansion, mulling price increases for similar products, re-accelerating shipments of DUV immersion lithography systems, and continued growth in the service business. Based on these factors, the firm believes there is still upside to current market revenue expectations for ASML and expects the company to further raise its long-term guidance in the future.

Specter: A PancakeSwap LP Attacked via Malicious EIP-7702 Signature, Losing Approximately $2.96 Million

A long-inactive PancakeSwap liquidity provider (LP) lost approximately $2.96 million after signing a malicious EIP-7702 authorization. It is reported that the attacker removed about $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim, and swapped the BUSD for ETH. Currently, the attacker has deposited about $1.46 million into Tornado Cash, with the remaining approximately $1.48 million USDT still held in the attacker's address.

BitMEX Closure Announcement Triggers 95% BMEX Crash, Bubblemaps Says 75% of Token Allocation Never Circulated On-Chain

Blockchain data analytics platform Bubblemaps stated that after BitMEX announced its closure, the price of its platform token BMEX plunged sharply, now down roughly 95% from its previous levels. According to BitMEX’s publicly disclosed tokenomics, about 75% of the total BMEX supply was originally earmarked for employee incentives, ecosystem development, and long-term reserves, but these tokens were never distributed on-chain. Data shows that in 2021, around 92% of the BMEX supply was locked in vesting contracts, with the remaining 8% allocated at the token launch, including: 5% for airdrops; 3% for product and liquidity support. Each allocation category previously corresponded to an independent address designed to receive future unlocked tokens. To date, however, only one claim has been recorded: on November 2, 2022, the product and liquidity address claimed approximately 63.75 million BMEX, while the employee incentive, ecosystem growth, and long-term reserve allocation addresses have not seen any token claims. Bubblemaps noted this does not necessarily indicate a problem, as the project may have subsequently adjusted its tokenomics, contracts, or distribution plans without reflecting those changes on-chain. Yet based on the previously public BMEX tokenomics design, those allocation portions have not actually entered on-chain circulation. BitMEX, co-founded by Arthur Hayes and others, pioneered the perpetual contract trading model, significantly influencing the crypto derivatives market. The closure announcement has visibly dented market confidence in BMEX.

Sources: Anthropic Considering Requiring Employees to Sell Shares via Pre-Set Trading Plans After IPO

People familiar with the matter revealed that AI giant Anthropic is considering an unusual arrangement after its public listing, requiring ordinary employees to sell their shares through pre-set trading plans to avoid violating insider trading regulations. Reports say the arrangement would use 10b5-1 trading plans, where the timing and quantity of stock sales are set in advance and executed according to the plan. Typically, such plans apply mainly to company executives, directors, and certain finance and legal personnel. If Anthropic ultimately implements this and extends it to ordinary employees, it would be a relatively rare practice.

AI Coding Company Cognition Acquires Poke Developer Interaction

AI programming company Cognition AI officially announced the acquisition of The Interaction Company of California. Poke is a personal AI agent that operates within SMS, proactively sending messages, following up on user needs, and delivering services through a “friend-like” interaction model. Over the past three months, Poke users have exchanged more than 100 million messages with it, making it the only AI agent natively supported by Apple to run directly inside Apple Messages. Cognition stated that the Interaction team has built agents characterized by proactiveness, personalization, and high interactivity, aligning with the development direction of its own AI software engineering agent, Devin. The two teams have been following each other for years, and Cognition’s co-founder said both sides have long been betting on “always-on cloud agents.” After the acquisition, Poke users can continue using the product normally. Going forward, Cognition plans to leverage its own models and infrastructure to improve Poke’s speed and reliability.

AMD CEO: Computing Market Expected to Reach $2 Trillion by 2030

At the AMD Advancing AI event, AMD CEO Lisa Su said the AI accelerator market is expected to reach $1.4 trillion by 2030; the data center CPU market is forecast to hit $220 billion by 2030; overall, the computing market is projected to reach $2 trillion in scale by 2030.

U.S. Senate Majority Leader: Clarity Bill Expected to Miss Window Before Congressional Summer Recess

U.S. Senate Majority Leader John Thune indicated that the Clarity bill likely cannot pass before the August 7 recess, but the Senate will at least begin the review process before then. Thune said he “hopes to at least get the Clarity bill moving,” but the Senate will prioritize a Russia sanctions bill pushed by the late Senator Graham next week, and Graham’s funeral mid-week will occupy senators’ time. White House crypto adviser Patrick Witt responded that he was “puzzled” by Thune’s remarks, arguing there is still time for deliberation in the first week of August and he “wouldn’t completely rule it out.” Industry and lawmakers had previously been optimistic that the Clarity bill could pass the Senate within the next two weeks, but the current progress means it will most likely be delayed until September, and the probability of passing in 2026 has dropped significantly. After the bill’s final working draft was released this week, controversy has persisted — Democrats are unhappy with ethics provisions for government officials, and some Republican lawmakers have raised objections over stablecoin yield treatment and wording of ethics clauses. The bill needs 60 votes to advance. If the Senate begins debate before the recess but fails to pass it, there will still be a brief window after returning in September, but election politics and other priorities will compete for legislative time.

Robinhood CEO’s X Account Hacked, Hacker Posts Fake “Vladhood” Meme Coin Promotion

Robinhood CEO Vlad Tenev’s X account was suspected to have been hacked, with a post claiming that “Vladhood ($VLAD)” would become the “official mascot of Robinhood Chain” and list on the Robinhood app, including a contract address. The official Robinhood account did not post any similar message, and the Robinhood Chain explorer flagged the token as a “potential scam.” Robinhood officials later confirmed that Tenev’s account was compromised and are working with X to restore access; the relevant post has been deleted. Robinhood Chain, launched on July 1, has become a hot venue for meme coin trading, processing roughly 6 million transactions daily with cumulative DEX trading volume around $9 billion, primarily driven by high-risk meme coins.

Swan CEO: Twenty One Serves Tether’s U.S. Political Interests, Mallers’ Role a “Figurehead”

In a podcast interview, Swan Bitcoin CEO Cory Klippsten sharply criticized Tether and its backed Twenty One Capital, claiming Tether “effectively controls” the publicly listed bitcoin reserve company and uses it as a tool to advance political interests in the U.S., but provided no evidence. Tether did not respond to a request for comment. Klippsten also described Strike founder Jack Mallers’ CEO role at Twenty One as a figurehead, saying his primary duty was to promote the company’s stock, and suggested that Mallers’ departure was not his own decision. Mallers resigned as CEO this week, while his company Strike also walked away from a potential merger with Twenty One.

Stripe Reportedly in Talks to Acquire OpenRouter, Deal Could Reach $10 Billion

Sources say Stripe is in talks to acquire AI model aggregator platform OpenRouter, with a deal possibly reached soon. OpenRouter was previously valued at roughly $1.3 billion, but if sold, the transaction value could reach around $10 billion.

Alphabet’s Stake in Anthropic Surges in Value to About $124 Billion

Alphabet Inc.’s stake in artificial intelligence startup Anthropic PBC has soared in value to roughly $124 billion, making it one of the most successful investments in the company’s history.

OpenAI Plans to Collaborate with AMD to Develop MI500 Series AI Chips and Follow-up Products

OpenAI expects large-scale deployment of AMD Helios. OpenAI's head of infrastructure said the company started using AMD Helios GPU racks three months ago, and OpenAI plans to collaborate with AMD on developing the MI500 series AI chips and subsequent products.

AMD CEO: Rack-scale AI system Helios has fully entered production

The AMD Advancing AI conference was held in San Francisco from July 22-23. At the conference, AMD CEO Lisa Su said that the AI accelerator market is expected to reach $1.4 trillion by 2030, the global data center CPU market will reach $220 billion, and the global computing market will reach $2 trillion. In addition, AMD officially launched its first rack-scale AI system, Helios. Lisa Su said that Helios has fully entered production and will begin shipping soon. CNBC analysis pointed out that a year ago, Lisa Su's forecast for the AI accelerator market size in 2028 was $500 billion. Based on the latest forecast, by the end of this decade, that scale will be roughly equivalent to the size of today's "entire semiconductor market." Lisa Su said that GPUs will account for the majority of that.

New US tariffs take effect today, imposing 10%-12.5% tariffs on dozens of countries

Just as the 150-day global temporary tariffs expired this Friday, the Trump administration introduced new tariff measures. Citing Xinhua News Agency, it reported that the US Trade Representative's office issued a notice on July 23, announcing under Section 301 of the Trade Act of 1974 that tariffs of 10% to 12.5% would be imposed on dozens of countries and regions for failing to prevent "forced labor," effective 24th Eastern Time. The above tariffs will cover 99% of US trade volume. The new tariffs will be stacked on top of already-in-effect tariffs, with only certain agricultural products, pharmaceuticals, aviation parts, steel and aluminum, etc., eligible for exemptions. The new tariffs will be stacked on top of already-in-effect tariffs, with only certain agricultural products, pharmaceuticals, aviation parts, steel and aluminum, etc., eligible for exemptions.

Coinbase now supports business customers accepting payments from AI agents via the x402 protocol

Starting this week, Coinbase is allowing its business customers to accept payments from AI agents via the x402 protocol, which was developed and incubated by Coinbase. Coinbase Business users can let agents pay in USDC with no additional setup, powered by Coinbase Payments. The head of Coinbase Business said they are providing a payment experience similar to traditional shopping scenarios for the new online agent economy — agents can shop after creating a wallet, and businesses provide services through an agent-friendly checkout flow. Coinbase also offers agent trading functionality, allowing users to give instructions in natural language, with agents monitoring the market in real-time and executing trades. Developers can add x402 payment acceptance to any API or web service in as few as 3 lines of code via the new x402 SDK on the Coinbase Developer Platform.

DEX aggregation protocol Odos announces cessation of operations, all services permanently shut down from July 30

Decentralized exchange aggregation protocol Odos posted on X that its operating company is gradually winding down operations. The Odos app will switch to read-only mode on July 27, and all services will permanently close on July 30. New account registration, new wallet creation, and new limit orders have been disabled since July 23; from July 27 to 30, the app will only allow viewing transaction history and balances; after July 30, services will completely cease, and the team will no longer provide development, support, or maintenance. Users who created wallets via social or email login must transfer assets to other wallets or export private keys before July 30. Odos emphasized that the ODOS token exists independently of the operating company, the company does not custody or market-make the token, and its cessation of operations does not affect the token's on-chain mechanisms. Odos DAO is independent of the company and will announce its plans separately. Odos reminded users to beware of fake migration websites and airdrop scams, and never share seed phrases or sign suspicious transactions.

US CFTC extends comment period for 24/7 futures trading and energy perpetual contract rules to August 26

The U.S. Commodity Futures Trading Commission (CFTC) extended the public comment period for proposed rules on "extending standard futures contracts to 24/7 trading and perpetual contracts for physically-deliverable or storable energy commodities" by 30 days, to August 26, 2026. The CFTC stated that it decided to extend the comment period based on commenters' requests and the addition of several new questions in the request for comments. The original request for comments focused on two types of issues: first, extending standard futures contracts (including energy futures) to 24/7 trading without changing fixed expiration dates, involving significant economic changes to delivery or settlement terms; second, perpetual contracts involving physically-deliverable or storable energy commodities. After extensive communication with the industry, the CFTC added additional questions for consideration to ensure a comprehensive evaluation of the relevant matters.

ARK Invest: Hyperliquid’s weekly RWA trading volume share reaches 54%, surpassing crypto asset trading volume

ARK Invest Director of Crypto Research Lorenzo Valente posted on X that Hyperliquid's weekly RWA (Real World Assets) trading volume exceeded crypto asset trading volume for the first time, accounting for 54% of total trading volume. Of that, $26 billion was HIP-3 RWA trading, with individual stocks making up 61% of RWA trading volume, surpassing indices and commodities since June. Valente said total DEX perpetual contract trading volume last week was $79 billion, of which Hyperliquid accounted for $50 billion, meaning its RWA market has surpassed the combined crypto perpetual trading volume of all other DEXs. Valente believes RWA trading will form a landscape independent of crypto assets, and investors should not rely solely on mainstream crypto asset trading volume as a judgment basis; paying attention to subcategories within RWA is more critical.

Report: Bitcoin may be near cycle bottom, multiple indicators simultaneously flash rare signals

Blockworks researcher Luke Leasure published a report indicating that Bitcoin may be at or near a cycle low. BTC is down 50% from its all-time high, the bear market has lasted over 40 weeks, and multiple high-timeframe indicators have simultaneously reached historically rare levels. Bitcoin recorded its most severe relative oversold reading against the Nasdaq ever this month, and also set a relative oversold record against gold in February. The realized price (on-chain average cost basis) is around $53,000, only 18% below spot, and historically every bear market low has traded at a discount to this level. The report noted that historically bear market cycles tend to bottom around the 60th week after the all-time high, which would correspond to a cycle low potentially appearing by the end of November 2026. If historical patterns hold, it would take about 120 weeks for Bitcoin to reclaim its previous high, implying new highs could appear by February 2028. Leasure emphasized that as Bitcoin matures, the marginal returns of passive holding strategies diminish; outperforming the market requires identifying opportunistic overweight or underweight windows. Currently multiple conditional signals are simultaneously at historically rare levels, and the period from now to December 2026 may present an attractive long-term re-accumulation window, but the sample size is small, and structural changes (ETFs, corporate holdings, derivatives) could invalidate historical patterns.

Argentina advances capital market deregulation, plans to allow mutual funds to invest in cryptocurrencies

The Argentine government is advancing capital market deregulation, planning to allow mutual investment funds (FCI) to invest in Bitcoin and cryptocurrencies, and to allow virtual assets to be used as collateral. The measure stems from a draft "Deregulation Bill" drawn up by Economy Minister Federico Sturzenegger, which is now awaiting President Javier Milei's signature before being submitted to Congress. The draft explicitly allows FCIs to allocate assets to virtual assets and creates "qualified investor" funds. The Argentine National Securities Commission's oversight of FCIs is limited to legality and technical solvency reviews; the central bank will have exclusive regulation of infrastructure involving the registration or transfer of cryptocurrencies and tokenized assets. The draft also explicitly allows securities such as stocks, convertible bonds, etc., to be issued, stored, and traded via crypto networks.

An entity stakes 1.49 million HYPE through 8 wallets, worth approximately $88.2 million

An entity staked 1.49 million HYPE (approximately $88.2 million) through 8 wallets, with individual staking amounts ranging from 115,700 to 390,400 tokens. On-chain data shows that all wallets withdrew HYPE from Bybit about 9 months ago and have held it since.

1kx: On-chain protocol fees fell 33% YoY in Q2, perpetual and prediction markets grew 22% against the trend

Crypto VC firm 1kx posted an analysis on X stating that on-chain protocol fees dropped 33% year-over-year in the second quarter. Among them, DEX fees fell by $625 million (–57%), mainly led by declines from Meteora, Raydium, and PancakeSwap, which collectively generated $1.5 billion in fees in the first half of last year. Blockchain and MEV fees decreased 40% to $362 million. Launchpad fees dropped 57%, with Pump.fun accounting for nearly half. However, perpetual contract and prediction market fees grew 22% YoY, led by edgeX and Hyperliquid; Polymarket fees neared $100 million in a single quarter. Lending and asset management protocol fees continued to grow, with Morpho, USDai_Official, and maplefinance each adding $9 million to $19 million; Canton Network added $179 million in L1 fees (mostly incentive-driven).

CryptoQuant: Ethereum shows improving signs relative to Bitcoin, but key bottom signal not yet confirmed

CryptoQuant’s latest weekly report notes that ETH is trading roughly 17% below its realized price (~$2,300). Historically, when ETH trades below its realized price, it often coincides with market undervaluation and long-term bottom zones. Ethereum also shows improving signs relative to Bitcoin: ETH’s MVRV ratio has retreated from extremely overvalued levels, exchange inflows have declined, ETF holdings have started to recover after months of weakness, and ETH/BTC spot trading volume has fallen into ranges historically associated with market bottoms. Nevertheless, only two of CryptoQuant’s five key bottom indicators have reached historical reversal levels. The remaining indicators, though improving, have not yet touched the extreme levels seen at prior cycle lows, suggesting Ethereum’s bottom may still be forming.

Goldman Sachs CEO publicly backs Clarity Act, diverging from Wall Street peers

Goldman Sachs CEO David Solomon said in a Politico interview that he is “very supportive of advancing the Clarity Act,” hoping to establish market structure and push the innovation process forward. Solomon acknowledged the bill is “not perfect,” but its core value lies in creating a level playing field to enhance market stability. This stance puts him at odds with JPMorgan Chase CEO Jamie Dimon and banking trade groups, which have opposed the bill’s stablecoin yield provisions for months, arguing that allowing crypto firms to offer stablecoin rewards at higher rates than banks could siphon off bank deposits. The Clarity Act classifies most crypto assets as non-securities and excludes them from SEC oversight while protecting decentralized developers. The latest version adds an ethics clause restricting the president and family from engaging in crypto businesses, but it expires in 2029 and does not limit Trump’s sons — a point Democrats have criticized as insufficient. It remains uncertain whether the bill can pass before the August recess.

“Set 10 big goals first” whale’s long position increased to 2,933.63 BTC, with unrealized profit of $209,000

The “Set 10 big goals first” whale @Jason60704294 has increased its long position to 2,933.63 BTC, with an entry price of $64,940.14, total position value of $190 million, and unrealized profit of $209,000. After closing shorts, it flipped to a long because its medium- to long-term bullish view on BTC remains unchanged, believing $60,000 is an important cost-support area, with a stop-loss range of $61,500 to $64,000.

BlackRock: Crypto networks still hold the advantage in facing quantum threats

BlackRock published a report titled “Quantum Computing and Blockchain,” pointing out that upgrading existing cryptographic systems to quantum-resistant standards is technically entirely feasible, with the core challenge being timely coordination and implementation, and the upgrade difficulty is far lower than building a practical quantum computer capable of breaking those cryptographic systems. The report says about 35% of the circulating Bitcoin supply faces potential attack risk due to exposed public keys, and 11% to 19% could be permanently lost during migration. BlackRock believes crypto networks still hold the advantage in addressing quantum threats, saying “the advantage still lies with the defense.” Additionally, on Thursday, BlackRock joined Coinbase, Fidelity Digital Assets, and Block to announce the formation of the Bitcoin Security Alliance, funding developers to contribute code to open-source quantum-resistant proposals such as BIP-360. BlackRock said BIP-360 is a trusted and well-designed solution but did not call it the final solution.

BTC treasury company KULR Technology reduces again by 145.8 BTC, leaving only 100 BTC in reserve

BTC treasury company KULR Technology transferred 145.8 BTC ($9.45 million) to Coinbase Prime five hours ago. After multiple reductions over nearly three months, its reserve of 1,021 BTC ($101 million) now stands at just 100 BTC ($6.47 million). The average BTC reserve cost was $98,923, and the average selling price was $74,368, resulting in a loss of $22.62 million. It appears to have abandoned its Bitcoin treasury strategy.

A whale deposits 2.93 million HYPE (~$172 million) into Hyperliquid via 19 wallets and stakes

A whale deposited and staked 2.93 million HYPE ($172 million) into Hyperliquid via 19 wallets in the past 24 hours. These HYPE were accumulated nine months ago at an average price of $44, with a current unrealized profit of approximately $44.5 million.

AI chip startup Etched completes $300 million Series C, post-money valuation reaches $10.3 billion

AI chip startup Etched completed a $300 million Series C funding round led by Sequoia, with participation from Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital, reaching a post-money valuation of $10.3 billion, doubling from its $5 billion valuation last December. Etched was founded in 2022 by three Harvard dropouts, designing chips specifically for AI models based on the Transformer architecture. The company said it has successfully manufactured its own chips and has been tested by customers, having already received $1 billion in orders. Etched designed two new components for the inference process: a prefill chip that dramatically boosts speed and reduces heat through low-voltage operation, and a decode chip that uses cluster-level memory technology to enable a shared memory pool among chips. Etched currently has 400 employees, operates a 2MW data center, and has opened a new 80,000-square-foot, 10MW facility in Milpitas.

TIME magazine cover spotlights Unitree: Chinese humanoid robot company leads global wave

Unitree has appeared on the latest cover of TIME magazine, with the accompanying title: “The humanoid robot revolution is coming — Chinese company Unitree leads the trend.”

COINTELEGRAPH: BitMEX delists 65 trading pairs, derivatives in July amid exchange shutdown

Binance adds ACX, LSK, STX to its monitored token list, tagging them as highly volatile and high-risk assets.

Binance announced in an official statement that starting July 24, 2026, it will add Across Protocol (ACX), Lisk (LSK), and Stacks (STX) to its "Monitoring Tag" list. Binance noted that tokens with the monitoring tag have higher volatility and risk compared to other listed assets, and the platform will closely monitor the relevant projects and conduct regular reviews. Such tokens face the risk of failing to meet Binance's listing standards and potentially being delisted in the future. Binance added that factors including the project team's level of commitment, quality of development activities, trading volume and liquidity, network security, smart contract stability, information disclosure status, changes to token economic models, and presence of any improper conduct will all be included in subsequent assessments. Binance stated that other services related to ACX, LSK, and STX will not be affected for the time being, and the monitoring tag will be updated after the announcement is released.

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Sources familiar with the matter: The Bank of Japan is likely to maintain its policy guidance and commit to continuing interest rate hikes.

According to sources, the Bank of Japan (BOJ) is shifting its focus to whether companies will pass rising cost pressures on to households, and will continue to warn at next week’s policy meeting that inflation could stay above the 2% target for a prolonged period. Sources said the BOJ is expected to signal that the risk of short-term inflationary shocks triggered by rising oil prices has eased since April, though overall price pressures remain a concern. Additionally, the BOJ is likely to maintain its current policy guidance of continuing its interest rate hike path. Markets expect the BOJ to determine the pace of future monetary policy adjustments based on wage growth, service prices, and corporate pricing behavior.

18 minutes ago

South Korea's KOSPI index saw its decline widen to 5.61%, with Samsung falling more than 6%.

According to Bitget's market data, South Korea's KOSPI index has extended its decline to 5.61%, Samsung fell more than 6%, and SK Hynix dropped 5.52%.

18 minutes ago

An early MakerDAO address sold 1,050 MKR tokens after lying dormant for 10 years, netting $1.316 million in USDC.

According to EmberCN monitoring, an address belonging to MakerDAO’s early team or investor sold MKR tokens it had held for nearly 10 years 40 minutes ago, converting the proceeds to USDC. Data shows the address received 1,050 MKR in April 2016, with no transfers made over the subsequent decade—only a wallet migration during the MKR token upgrade in 2018. The address sold all 1,050 MKR this time, receiving approximately 1.316 million USDC, and transferred the funds to the Kraken exchange.

18 minutes ago

Maji was liquidated again, and subsequently sold BAYC NFTs to top up its margin.

According to Lookonchain’s monitoring, the address of crypto figure "Brother Ma Ji" Huang Licheng has been liquidated again. To raise funds to sustain his ETH long position, he was forced to sell a Bored Ape NFT at a loss. Data indicates that roughly two hours ago, Machi offloaded Bored Ape #6801 for 8.61 ETH. The NFT was purchased three years ago for 23.5 ETH, resulting in a loss of 14.89 ETH, equivalent to approximately $28,000.

18 minutes ago

Machi liquidated, forced to sell Bored Ape 6801 for 8.61 $ETH, taking $28K loss

Machi(@machibigbrother) was liquidated again! To raise more funds for his $ETH long, he had to sell his Bored Apes at a loss. 2 hours ago, he sold Bored Ape #6801 for 8.61 $ETH, which he bought 3 years ago for 23.5 $ETH, taking a loss of 14.89 $ETH($28K).

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Why Bitcoin’s Latest Bounce Back to $65,000 Might Not Last

Ondo Finance’s ONDO token has drawn renewed interest from the market following a breakout supported by rising adoption of real-world assets (RWA) and the introduction of tokenized stock collateral for perpetual trading. The new feature, allowing traders to use tokenized equities as collateral, has added momentum to ONDO’s price recovery as traders monitor whether the token can approach the $0.50 resistance zone.

Ondo Finance expands with tokenized collateralFounded as a decentralized platform for tokenizing financial assets, Ondo Finance develops products that bring traditional financial instruments onto the blockchain. The company’s latest integration enables traders to leverage tokenized stocks as collateral for perpetual contracts, which supporters say could boost accessibility and liquidity in Ondo’s growing RWA ecosystem.

Following the announcement, ONDO had already rallied above a bullish pennant formation, indicating that traders were anticipating further upside. Technical analysis showed ONDO trading above its 20-day Simple Moving Average, suggesting a positive short-term trend.

Market data indicated a price recovery to the $0.40 region with capitalization staying above $1.7 billion. Buyers defending this area set the stage for a possible attempt at breaking through the key $0.50 barrier.

ONDO’s rally strengthened after the launch of tokenized stock collateral for perpetual trading, adding new use cases to the RWA ecosystem and supporting the token’s attempt to reclaim higher resistance levels.

Mini dictionary: Real-world assets (RWA) are traditional assets such as bonds, stocks, or property, represented in digital form on blockchain networks to enable new forms of access and trading.

2026 ONDO price scenarios and technical targetsONDO’s outlook for 2026 depends on multiple factors, including broader RWA demand, Bitcoin’s market trend, and institutional adoption. Analysts point to several scenarios that could play out depending on support and resistance levels:

ScenarioPrice TargetConditionsBearish$0.28 – $0.32Breakout fails, weak crypto sentimentBase Case$0.45 – $0.55Steady RWA growth, gradual buyingBullish$0.70 – $1.00Strong institutional adoption, broader market rallyThe first major resistance zone is $0.45, followed by the psychological $0.50 level. Breaking above these points may indicate further upward potential, but analysts emphasize that technical strength alone will not be enough unless RWA adoption continues growing.

Returning to previous all-time highs would require a significant increase in demand and valuation, and progress will likely depend on how effectively Ondo Finance can drive institutional use of its products.

Whale activity and investor positioningIn addition to technical data, activity from large holders (“whales”) has increased following ONDO’s breakout, pointing to growing positions by long-term investors. Whale accumulation traditionally signals confidence in the project’s future growth prospects, especially when linked to infrastructure that bridges conventional finance and blockchain technology.

Unlike purely speculative assets, ONDO is backed by efforts to enable blockchain-based settlement and ownership of real-world financial assets. As financial institutions seek new blockchain solutions for securities, Ondo’s offerings have aligned with one of the sector’s fastest-growing trends.

Analysts still caution that accumulation trends alone do not guarantee price increases. Market corrections are possible if sentiment turns or traders sell near resistance zones.

Mini dictionary: Ondo Finance is a platform that turns real-world financial products like securities and bonds into blockchain-based assets to create new investment opportunities.

Outlook for the $1 targetA move toward $1 by 2026 remains an ambitious scenario, as ONDO’s market capitalization would need to rise sharply. Reaching that milestone would likely require growing adoption of Ondo’s tokenized finance products and broader participation from institutional investors, combined with favorable overall market conditions.

The $0.50 area is currently seen as the most realistic near-term milestone for ONDO, while the $1 target represents a longer-term, bullish case that assumes substantial growth in the RWA market.

Competition in tokenized assets is accelerating and regulatory risks remain factors for investors to watch. Price rallies triggered by new product launches can fade if adoption is slower than expected, making ongoing monitoring of support and resistance zones essential.

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.

New U.S. tariff policies, coupled with the worsening situation in Iran, have pushed up international oil prices, while tech stock pullbacks have weighed on U.S. stock indexes, dragging them lower.

At 12:01 a.m. ET on Friday (12:00 p.m. Beijing time on the 24th), the U.S. will roll out a new set of import tariff arrangements, with rates ranging from 10% to 12.5%, covering approximately 60 economies. Separately, Trump said he is "seriously considering" resuming large-scale military operations against Iran and is nearing a decision. "Iran wants negotiations, but it is not ready yet; it has not suffered enough pain," he stated. The U.S. will hold Iran responsible if Houthi forces attack ships again, and has deployed B-1 bombers, escalating tensions with Iran. According to market data from BIT (bit.com), U.S. stocks closed lower on Thursday: the Dow Jones Industrial Average fell 0.97%, the S&P 500 dropped 1.2%, and the Nasdaq slid 2.15%. Micron Technology (MU.O) rose 3%, SK Hynix (SKHY.O) gained 2.5%, Google (GOOG.O) plunged 7%, Tesla (TSLA.O) slumped 14.5%, and SpaceX (SPCX.O) climbed more than 2%. According to HTX market data, Bitcoin is currently trading at $65,190, down 1.05% in the past 24 hours. International oil prices rose sharply on the 23rd. As of the close of trading that day, September-delivery light crude oil futures on the New York Mercantile Exchange rose $5.36 to settle at $92.19 per barrel, a 6.17% increase; September-delivery Brent crude oil futures in London gained $6.62, marking their first close above $100 per barrel since May, settling at $100.69 per barrel, a 7.04% rise.

2 minutes ago

South Korea plans to bring forward the increase in minimum cash margin requirements for single-stock leveraged ETFs.

South Korea’s financial regulators are studying a plan to bring forward the implementation of the minimum margin requirement hike for single-stock leveraged ETFs—originally scheduled to take effect next month—to the end of this month. The move is seen as a response to South Korean President Lee Jae-myung’s call for the rapid rollout of supplementary measures for single-stock leveraged ETFs. The Korea Financial Investment Association (KOFIA) held a working-level meeting on the 21st with IT staff from securities firms, South Korean trading platforms, and related institutions including Korea Securities Computing Corp. (Koscom) to discuss the implementation of the single-stock leveraged ETF framework. It is understood that financial regulators are considering pushing the minimum margin hike plan, initially set for early next month, to the end of this month. However, the regulators will make the final decision on the specific implementation timeline and applicable rules.

2 minutes ago

Intel's CFO: Intel plans to significantly increase capital expenditure in 2027.

Intel (INTC.O) Chief Financial Officer stated that Intel plans to significantly increase its capital expenditure in 2027.

2 minutes ago

AMD officially launches rack-mounted AI system Helios, set to begin shipping soon.

The AMD Advancing AI Conference was held in San Francisco from July 22 to 23. At the event, AMD CEO Lisa Su announced that Helios has entered full production and will begin shipping soon. OpenAI’s Head of Infrastructure stated that the company plans to deploy AMD Helios at scale, and OpenAI will collaborate with AMD to develop the MI500 series AI chips and their subsequent products. Additionally, Su said AMD is partnering with chip design firm Cerebras to deliver high-speed inference capabilities via Cerebras’ cloud services. The joint product of AMD and Cerebras will hit the market later this year. The AMD-Cerebras system will launch an AI inference solution combining AMD Helios GPU server racks and Cerebras’ wafer-scale chips. CNBC analysis points out that a year ago, Su projected the 2028 AI accelerator market would reach $500 billion. The latest forecast puts the market size at the end of this decade roughly equivalent to the current entire semiconductor market. Su noted that GPUs will account for the majority of this share.

2 minutes ago

Trump: To use Iranian funds to compensate for ship and cargo losses

US President Trump stated, "Until further notice, effective immediately, all and any damages caused to vessels, cargo, or any related items shall be compensated using Iranian funds currently held and controlled by the United States. Although such compensation amounts may be substantial, this remains a fair and reasonable approach."

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The United States has imposed additional tariffs ranging from 10% to 12.5% on 60 economies, with the measures taking effect today.

The Office of the United States Trade Representative (USTR) issued a notice on local time the 23rd, announcing that under Section 301 of the Trade Act of 1974, it would impose additional tariffs of 10% to 12.5% on dozens of countries and regions under the pretext of so-called "forced labor" to replace the expiring global import tariffs. The new tariffs will take effect at 12:00 noon ET on the 24th (12:00 noon Beijing time on the same day). The USTR stated that as the 10% global tariff is set to expire, this round of tariffs will be levied on 60 economies, covering more than 99% of U.S. trade volume. Senior U.S. officials added that tariff measures for goods in transit will take effect at 12:01 a.m. ET on July 28 (12:01 noon Beijing time on the same day). Imported goods including fuel, food, and fertilizers will be exempt from the new tariffs; products subject to specific industry-specific tariffs (such as automobiles, metals, and pharmaceuticals) are also excluded from the levy. Additionally, goods covered by the United States-Mexico-Canada Agreement (USMCA) will also be granted exemptions. U.S. officials noted that the new tariffs will not be imposed in tandem with existing steel and aluminum import taxes, namely the "Section 232" tariffs implemented by the Trump administration last year on national security grounds.

2 minutes ago

https://www.kucoin.com/learn/web3/what-is-hyperliquid-hype-decentralized-perpetual-exchange

Hyperliquid, a decentralized perpetual futures exchange, has seen its open interest reach a significant high of $11.5 billion, according to a report from Delphi Digital. This increase reflects a notable rise in the total value of outstanding derivatives on the platform, with much of the activity centered around the HIP-3 market framework and S&P 500 perpetuals. The surge in open interest suggests growing participation in tokenized traditional-asset markets, indicating an expanding interest in real-world asset exposure on the platform. The current level marks the highest since the October 2025 market downturn, highlighting a robust recovery.

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Key Takeaways Hyperliquid’s surge to $11.5 billion in open interest appears to suggest increased platform usage and interest in traditional-asset markets. Current activity is heavily tied to the HIP-3 framework and S&P 500 perpetuals, indicating a shift towards non-crypto exposure. The open-interest high reflects a significant recovery since the October 2025 crash, indicating a robust return of market confidence. What to Watch Market participants will be observing whether Hyperliquid can maintain or exceed this open-interest level in the coming months. Developments such as partnerships with major financial institutions or technological advancements could be consistent with increased YES outcomes on price prediction markets. Conversely, any regulatory challenges or security issues could disrupt this upward trajectory. Monitoring the market’s response to these factors will be crucial in understanding Hyperliquid’s future dynamics.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 20% — — View market → January 1 2027 6.2% — — View market → January 1 2027 2.6% — — View market → January 1 2027 50.5% — — View market → January 1 2027 9% — — View market → January 1 2027 3.6% — — View market →

Hyperliquid Slips Below $60 as Institutions Unstake $291M: Will Selling Follow?

COINTELEGRAPH: Bitcoin slides below $65K as Iran conflict fuels $100 oil and bond-yield surge

Matt Hougan, Chief Investment Officer at Bitwise, has shifted focus toward specific investment categories poised to capitalize on the anticipated next wave of cryptocurrency growth. With signs of market stabilization emerging—such as Bitcoin’s recent gains amid broader equity weakness and renewed ETF inflows—Hougan urges investors to look beyond traditional narratives and target areas where blockchain technology is merging with traditional finance.

Hougan outlines two primary pathways for the upcoming cycle. The first, often referred to as the “Hyperliquid approach,” centers on decentralized financial applications that deliver substantial real-world revenues and feature token models tightly aligned with platform performance.

These projects stand out by expanding derivatives trading into traditional asset classes, including commodities, equity indices, and pre-IPO shares, while operating around the clock with near-instant settlement.

Hyperliquid exemplifies this model.

The platform recently crossed $1 billion in cumulative revenue and projects roughly $800 million for the current year.

Notably, nearly all of its fee income—about 99%—funds open-market repurchases of its native token, creating a direct mechanism that rewards holders as activity grows.

This structure contrasts sharply with earlier decentralized apps that prioritized user acquisition over sustainable value accrual.

Hougan anticipates similar mechanics becoming more widespread, positioning such protocols as leaders in the fusion of on-chain efficiency and institutional-grade trading tools like stablecoins, asset tokenization, and DeFi for professional users.

The second pathway, dubbed the “Robinhood model,” highlights established financial firms aggressively integrating blockchain infrastructure into their core operations rather than pursuing limited experiments.

These companies leverage their user bases and regulatory familiarity to scale tokenized assets and decentralized services.

Robinhood’s recent rollout of its dedicated Layer 2 blockchain serves as a prime illustration.

Launched on July 1, the chain quickly amassed over $300 million in deposits and handled millions of daily transactions within its first couple of weeks.

By enabling features such as tokenized stocks and perpetual markets, it demonstrates how traditional brokers can bridge retail investors with blockchain capabilities, fostering 24/7 access and reducing friction in settlement processes.

Hougan notes that entities committing at this scale gain invaluable operational insights as markets evolve, outpacing cautious peers stuck in proof-of-concept phases.

This dual emphasis reflects broader expectations for the crypto sector’s maturation.

As on-chain and legacy finance converge, drivers like continuous trading, tokenized real-world assets, and institutional DeFi could fuel outsized returns.

While market recovery remains tentative, improving sentiment suggests preparation for leadership from these innovative hybrids.

Hougan’s outlook underscores a shift from hype-driven cycles to those grounded in tangible utility and revenue generation. Investors may benefit from monitoring projects and firms embodying these traits, as they could define the contours of the next significant expansion phase in digital assets.

Crypto analyst Ali Martinez said that the sharp decline in Bitcoin’s Sharpe ratio, a risk-return indicator, could signal a favorable period for long-term buying in the spot market.

According to data shared by Martinez, Bitcoin’s Sharpe ratio has fallen to minus 23. The Sharpe ratio, which measures the return an investment provides in relation to the risk or volatility undertaken, indicates strong returns relative to risk when it is positive, while negative values point to periods where investors face significant losses.

The analyst noted that a reading of -23 doesn’t necessarily mean the decline in Bitcoin will continue indefinitely; rather, it suggests that sellers may have largely exhausted their options. According to Martinez, this creates an asymmetrical entry opportunity for long-term Bitcoin investors, where the risk is more limited compared to the potential gain.

Martinez stated that past data also revealed a similar picture, recalling that the Sharpe ratio had fallen to similar levels during the lows of the 2015, 2019, and 2022 bear markets. He noted that these periods coincided with the final capitulation and intense selling phases in the market.

On the other hand, according to on-chain data, Bitcoin has formed a strong support zone between $63,111 and $61,840. URPD data shows that more than 1.3 million BTC changed hands within this price range.

Martinez noted that as long as this support zone is maintained, Bitcoin does not face a significant supply wall up to $84,569. Approximately 582,000 BTC have traded at this level previously. Therefore, the analyst added, maintaining the region between $61,840 and $63,111 is critical for Bitcoin’s medium-term outlook.

*This is not investment advice.

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Japan’s latest crypto law changes have revived the country’s spot Bitcoin ETF discussion, but the important part is the timeline. This is not an approval story today. It is a regulatory groundwork story, and that means investors need to be patient.

The Japanese Cabinet submitted the Bill for Partially Amending the Financial Instruments and Exchange Act and the Payment Services Act to the 221st session of the National Diet, moving crypto assets toward treatment as financial assets under the FIEA rather than only payment instruments under the Payment Services Act.

That sounds technical, because it is. But it could matter a lot.

If crypto assets sit under a financial-assets framework, Japan’s Financial Services Agency has a clearer path to build rules for investment products, including the kind of structure that could eventually support spot Bitcoin ETFs.

The key word is eventually.

TL;DR Japan is moving crypto assets toward treatment under the Financial Instruments and Exchange Act. The change may help create a regulatory foundation for future spot Bitcoin ETFs. Spot Bitcoin ETFs are not currently approved or trading in Japan. Why Reclassification Matters Legal classification shapes what financial products can exist.

If crypto is treated mainly as a payment instrument, regulators focus on exchange use, transfers, custody, and consumer protection. If crypto is treated as a financial asset, the conversation widens into investment products, disclosure rules, market conduct, taxation, investor eligibility, and fund structures.

That is why Japan’s FIEA shift matters.

It does not automatically create a Bitcoin ETF. But it moves crypto closer to the legal category where investment trust rules and securities-market oversight can do the work.

For asset managers, that is important because ETF products need a clear regulatory foundation. They need rules around custody, valuation, creation and redemption, market surveillance, disclosures, and investor protection. Those rules are hard to build if the underlying asset sits in the wrong legal bucket.

Japan’s latest legislation starts to solve that structural problem.

Japan Has Been Cautious For A Reason Japan has a long history with crypto, and not all of it has been easy.

The country was one of the earliest major markets to regulate crypto exchanges seriously, partly because of painful exchange failures in earlier cycles. That history made Japanese regulators cautious, especially around retail investor protection and custody standards.

So Japan moving slowly on spot Bitcoin ETFs is not surprising.

The US approved spot Bitcoin ETFs after years of rejection, litigation, surveillance-sharing debates, and market-structure scrutiny. Other jurisdictions have taken their own routes. Japan’s process was always likely to be careful, rule-heavy, and tied to broader legal reforms.

That may frustrate traders who want a quick ETF headline, but it is consistent with how Japan tends to handle financial regulation.

The upside is that once a framework is in place, it may be more durable.

2028 Is A Target, Not A Trading Date The 2028 timeline needs to be treated properly.

A target launch window does not mean products are approved. It does not mean investors can buy a Japanese spot Bitcoin ETF now. It does not mean every asset manager is ready to launch immediately.

It means regulators and financial institutions have a possible runway.

That runway could involve final rules, investment trust amendments, tax adjustments, custody standards, market infrastructure, and product filings. Firms such as large brokers and asset managers may prepare in anticipation, but preparation is not approval.

This is where crypto headlines often get too excited.

“Japan moves toward Bitcoin ETFs” is fair. “Japan approves Bitcoin ETFs” is not.

The difference matters because investors can misread regulatory progress as immediate market access.

Tax And Product Design May Be Just As Important Japan’s crypto ETF discussion is not only about listing permission.

Tax treatment matters too. If crypto products are taxed in a way that makes them unattractive compared with other investment vehicles, ETF demand may be weaker than expected. If tax rules become more investor-friendly, regulated products could become more competitive.

Product design also matters.

Will Japan allow only Bitcoin first? Could Ethereum follow? What custody rules will apply? Will products be available to retail investors? What disclosure standards will asset managers face? How will exchanges and market makers support liquidity?

Those details will determine whether a future ETF market is meaningful or merely symbolic.

Japan Could Become A Major Asian ETF Market If the framework develops properly, Japan could become an important Asian market for regulated crypto investment products.

It has deep capital markets, a large retail investor base, major financial institutions, and a strong regulatory culture. A spot Bitcoin ETF in Japan would not only be another product. It would signal that one of Asia’s most important financial systems is comfortable putting Bitcoin into a mainstream investment wrapper.

That would matter for regional adoption.

But the path is still long.

The latest legislation is a foundation, not the finished building. The FSA still needs to shape the rules, institutions need to prepare products, and lawmakers may still need to settle related tax and investor-protection questions.

So the right takeaway is measured optimism.

Japan is not racing into spot Bitcoin ETFs. It is creating the legal conditions that could make them possible later. For a market as cautious and important as Japan, that is still a meaningful step.

This article is based on Japan Financial Services Agency materials relating to the FIEA and Payment Services Act amendments.

This article was written by the News Desk and edited by Samuel Rae.

The Trump administration announced new global tariffs of up to 12.5% which will go into effect just after midnight ET on Friday. The new responsibilities will supplant temporary 10% tariffs for all countries and are aimed at dozens of countries concerning forced labor allegations.

Bitcoin Slips As Trump Moves To Impose New Global Tariff Rates The tariff rates will be 10%-12.5% and will be imposed on 60 countries representing more than 99% of U.S. trade, according to senior administration officials. The Office of the U.S. Trade Representative did not go so far as to attempt to calculate the revenue that the new tariffs would generate, per CNBC report.

It’s the “the most sweeping international labor rights action the United States has ever taken — that any country has ever taken,” said a senior Trump administration official. The official also noted the new taxes on steel and aluminum will not “stack” on top of the existing Section 232 tariffs imposed on steel and aluminum for national security reasons.

It happened at the time of ongoing bearish sentiment on the crypto market. Bitcoin fell to $64,985.16, down 1.37% at the time of writing on Thursday, July 23. BTC had already trampled the $65,000 mark earlier today as the US-Iran war tensions grew. Moreover, the lower-than-expected U.S. initial jobless claims data also weighed on the market.

Thereafter, it recovered above the crucial $65,000 zone but the rebound was shortlived as the Trump tariffs news rattled the market. The 15-minute timeframe chart shows formation of red candles for Bitcoin. Also, the crypto market saw notable long liquidations amid bearish macro developments.

U.S. President’s Trade Policy Continues Facing Backlash The new steps come as a further step up in President Donald Trump’s trade policy. However, some of his tariff measures were struck down owing to legal challenges earlier this year.

One of the arguments pushed by the administration has been that tariffs are meant to correct unfair trade practices. Furthermore, the Trump administration believes that such a move will give U.S. a leverage in negotiations with trading partners.

More recently, there have been tariff increases on most imports from Brazil. These charges went into effect on Wednesday at the rate of 25%. In addition, Trump levied 50% tariffs on the wide variety of Canadian imports that will take effect next month.

Previously, the administration had revealed the new tariff policy in early June. This move the White House’s findings that the affected nations had not adequately banned forced labor in U.S. trade. The latest guidelines will replace the temporary global tariff system as soon as it expires early Friday.

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With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission’s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump.

According to the MAGA Inc. Super PAC’s July report to the Federal Election Commission (FEC) filed on Monday, the Gemini Trust Company run by co-founders Cameron and Tyler Winklevoss sent two separate contributions of more than $5 million in Bitcoin on June 19. 

The donation, which the PAC may use for independent expenditures to support Trump, was recorded about three weeks after the CFTC filed a joint motion with Gemini in federal court in an attempt to reverse a January 2025 settlement over the company allegedly making false or misleading statements. CFTC Chair Michael Selig claimed at the time that the agency under former US President Joe Biden “politically targeted” the Winklevosses through enforcement actions.

In addition to the recent MAGA Inc. contributions, the Winklevoss brothers each donated $1 million to Trump’s 2024 election campaign and supported the then-candidate through social media posts.  Following Trump taking office in January 2025, the twins attended the signing ceremony for a stablecoin payments bill, the GENIUS Act, backed his sons’ crypto mining venture American Bitcoin and contributed $21 million in Bitcoin to the Digital Freedom Fund PAC in an effort to “support President Trump and his administration’s efforts” related to crypto policy.

Since attorneys filed the joint CFTC-Gemini motion with the US District Court for the Southern District of New York in May, there has been no decision posted to the public docket. Cointelegraph reached out to the CFTC and Gemini’s counsel, Avi Perry, for comment on the $10 million contribution but did not receive an immediate response. A CFTC spokesperson told Cointelegraph in June that both sides “agreed that the $5 million penalty will not be returned to Gemini” if granted by the court.

In a June letter to Selig, Senator Elizabeth Warren called the joint motion for reversal and other factors as “concerning signs of a CFTC beholden to political pressures and interests of the wealthy insiders, unbound by the rule of law and failing to protect investors and market integrity.”

As of June 30, MAGA Inc. reported receiving more than $397 million.

Selig remains sole CFTC commissioner with no nominations announcedThe CFTC chair, a Republican who was confirmed by the US Senate in December 2025, remains the only member in what is usually a bipartisan group of five commissioners heading the agency.

Many lawmakers have been pressing Trump to announce additional nominations for the financial regulator as Congress considers comprehensive crypto market structure legislation, the Digital Asset Market Clarity (CLARITY) Act. The bill is expected to give the CFTC significant authority in regulating and overseeing digital assets.

As of Thursday, the White House had not announced any nominations for CFTC commissioners, leaving Selig to largely direct the agency’s agenda.

Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach

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