Elliptic, a blockchain analytics and compliance firm, has announced a partnership with CoinGecko, a leading crypto data aggregator, to improve pricing data for crypto assets, including tokenized real-world assets (RWAs) on the blockchain. This collaboration aims to enhance financial institutions’ understanding of the monetary value of blockchain activities as more traditional markets transition on-chain. The partnership is expected to address the growing integration of RWAs into the blockchain ecosystem, a market that has seen a significant rise in capitalization, reaching $19.32 billion as of March 2026. The move aligns with Elliptic’s mission to assist institutions in adhering to anti-money laundering (AML) regulations while promoting transparency in crypto markets.
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Key Takeaways The partnership between Elliptic and CoinGecko appears to enhance pricing data for tokenized real-world assets on the blockchain. Market participants suggest this development could indicate increased demand for Ethereum, as these assets are often transacted on its network. Current odds for Ethereum reaching $10,000 by the end of 2026 remain low, suggesting markets are cautiously optimistic about significant price movements. What to Watch Observers may focus on how the improved data from this partnership influences Ethereum’s market activity and adoption of RWAs. Key indicators such as Ethereum’s price movements, institutional inflows, and any regulatory developments could provide further clarity. Additionally, monitoring how this partnership impacts the broader integration of blockchain into traditional finance will be crucial for understanding its long-term implications.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.2% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 3% — — View market → December 31, 2026 4.2% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 19.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 68.2% — — View market → January 1 2027 10.5% — — View market → January 1 2027 3.9% — — View market → January 1 2027 20.5% — — View market → January 1 2027 43% — — View market →
Ethereum mainnet is rarely described as cheap, but 1 gwei gas changes the tone. For users who have spent years avoiding mainnet transactions because of cost, this kind of fee environment creates a very different experience.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. The trade-off is that low fees also reduce the amount of ETH burned through the fee mechanism. For investors who care about Ethereum’s monetary narrative, that matters. Cheap usage is positive for adoption, but it can soften the burn story if network demand remains low.
For more details, visit the official Etherscan platform.
TL;DR Ethereum gas fees have fallen toward 1 gwei.Lower fees make mainnet DeFi and wallet activity more accessible.The downside is that reduced base fees also mean less ETH is burned through transaction activity. Cheap fees cut both ways Lower gas fees are good for users. Swaps, transfers, NFT interactions, and DeFi management become easier to justify when the cost of pressing a button is no longer painful. That can bring some activity back to mainnet, especially for smaller wallets.
The trade-off is that low fees also reduce the amount of ETH burned through the fee mechanism. For investors who care about Ethereum’s monetary narrative, that matters. Cheap usage is positive for adoption, but it can soften the burn story if network demand remains low.
The Market Read Use Etherscan as the data anchor and explain the burn trade-off clearly.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Ethereum readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from etherscan.io.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum mainnet is rarely described as cheap, but 1 gwei gas changes the tone. For users who have spent years avoiding mainnet transactions because of cost, this kind of fee environment creates a very different experience.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. The trade-off is that low fees also reduce the amount of ETH burned through the fee mechanism. For investors who care about Ethereum’s monetary narrative, that matters. Cheap usage is positive for adoption, but it can soften the burn story if network demand remains low.
For more details, visit the official Etherscan platform.
TL;DR Ethereum gas fees have fallen toward 1 gwei.Lower fees make mainnet DeFi and wallet activity more accessible.The downside is that reduced base fees also mean less ETH is burned through transaction activity. Cheap fees cut both ways Lower gas fees are good for users. Swaps, transfers, NFT interactions, and DeFi management become easier to justify when the cost of pressing a button is no longer painful. That can bring some activity back to mainnet, especially for smaller wallets.
The trade-off is that low fees also reduce the amount of ETH burned through the fee mechanism. For investors who care about Ethereum’s monetary narrative, that matters. Cheap usage is positive for adoption, but it can soften the burn story if network demand remains low.
The Market Read Use Etherscan as the data anchor and explain the burn trade-off clearly.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Ethereum readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from etherscan.io.
This article was written by the News Desk and edited by Samuel Rae.
Cryptocurrencies are broadly extending declines on Wednesday, after last week’s recovery. The sell-off has seen Bitcoin (BTC) slide below $62,000, increasing downside risks toward the next key support at $60,000.
Ethereum (ETH) is edging lower, targeting the demand range at $1,700, while Ripple (XRP) remains under pressure, trading around $1.08.
Crypto sell-off intensifies as sellers assess Middle East conflictHeadwinds continue to weigh on the crypto market, as geopolitical tensions in the Middle East escalate. According to AP News, Iran launched attacks on American military bases in the Middle East on Wednesday in retaliation for attacks by the United States (US) on several places in Iran. The US has also reinstated sanctions on Iran’s Oil sales, saying that the developments were in response to Iranian attacks on ships in the Strait of Hormuz.
The fresh attacks have ignited fears that the war between the US and Iran could resume. US President Donald Trump fueled the fears, stating that the Memorandum of Understanding (MoU) that paused fighting is “over.” However, Trump added that negotiations will be allowed to continue.
Oil prices jumped amid the attacks and geopolitical uncertainty. West Texas Intermediate (WTI) Crude traded at $74 on Wednesday, up from $67 the previous day.
WTI Oil price chartAs tensions in the Middle East remain high, sentiment in the crypto market has deteriorated. At 20, embedded in the Extreme Fear territory, the crypto Fear & Greed Index shows that appetite for risk assets is significantly suppressed.
Crypto Fear & Greed Index | Source: AlternativeBitcoin and Ethereum post mild ETF inflowsBitcoin spot Exchange-Traded Funds (ETFs) saw inflows resume, attracting $21 million on Tuesday, down from $266 million on Monday. This drawdown mirrors investors' concerns about tensions in the Middle East. Activity over the remaining days of the week would either reinforce the deteriorating sentiment or uphold a positive outlook. Besides, cumulative outflows stand at $51.37 billion, with net assets under management at $77.26 billion.
BTC ETF flows | Source: SoSoValueEthereum ETFs similarly extended the mild inflow streak with nearly $27 million recorded on Tuesday, up only slightly from $21 million on Monday. Cumulative inflows average $10.94 billion, with net assets under management at $9.53 billion.
ETH ETF flows | Source: SoSoValueAs for XRP, activity remained muted on Monday and Tuesday, according to SoSoValue data. This shows that while institutions appear to withdraw demand, long-term conviction in XRP remains intact, with cumulative inflows steady at $1.49 billion and net assets holding above $1 billion.
XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin losses deepen, eyes short-term supportBitcoin maintains a bearish near-term bias as the price remains well below the 50-day, the 100-day and the 200-day Moving Average Exponentials (EMAs). Moreover, the Crypto King is tracking a broader downward resistance trendline on the daily chart.
Momentum appears mixed, as the Relative Strength Index (14) around 45 leans slightly to the downside on the same chart, while the Moving Average Convergence Divergence (MACD) histogram stays positive, hinting that selling pressure is moderating rather than reversing decisively.
BTC/USDT daily chartOn the topside, initial resistance lies at the 50-day EMA near $65,540, with further supply layered at the 100-day EMA around $69,207 and the 200-day EMA close to $75,246, where the broader downtrend would be challenged. On the downside, first support emerges at the Parabolic SAR level around $59,434, followed by the prior trendline break price at $59,104, where buyers would need to step in to avoid a deeper slide toward the late-June lows.
Altcoins technical outlook: Ethereum and XRP remain under tight bearish gripEthereum trades at $1,738, maintaining a capped tone as it holds below the 50-day, 100-day and 200-day EMAs. Although momentum had improved with the MACD histogram in positive territory on the daily chart, the RSI has declined near the midline, suggesting that sellers are gaining traction.
ETH/USDT daily chartImmediate resistance lies at the 50-day EMA around $1,803, followed by the 100-day EMA near $1,964 and then the 200-day EMA around $2,251, where a reclaim would be needed to ease the broader downside pressure. On the downside, initial support lies at the current price area, with stronger underlying demand suggested by the Parabolic SAR level near $1,616. A daily close below this latter zone would likely reopen a deeper corrective phase.
XRP, on the other hand, maintains a bearish near-term bias. The token remains below the 50-day, 100-day and 200-day EMAs. The MACD indicator upholds a positive outlook on the daily chart. However, the RSI near 42 signals bears are tightening their grip.
XRP/USDT daily chartInitial resistance is seen at the descending trendline barrier around $1.16, followed by the 50-day EMA at $1.18, with the 100-day EMA at $1.28 and the 200-day EMA near $1.49 reinforcing a broader cap on recovery attempts. On the flip side, the first support sits at the Parabolic SAR level of $1.02. A daily close below this floor would open the way to a deeper retracement, while holding above it would keep XRP confined to a bearish but stabilizing range beneath the clustered EMAs.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosystems.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
For more details, visit the official Governance platform.
TL;DR Aave DAO approved a proposal to deploy GHO natively on Arbitrum.The plan expands GHO beyond its original environment and deepens Aave’s stablecoin strategy.The move shows DeFi protocols are still trying to solve cross-chain liquidity and distribution. Why Arbitrum matters for GHO Stablecoins live or die on usefulness. If GHO is going to compete for real DeFi activity, it needs to be available where borrowing, lending, and trading already happen. Arbitrum gives it access to a deeper layer-2 user base and more places where liquidity can circulate.
The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
The Market Read Explain the Chainlink CCIP role without making it too technical.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For DeFi readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from governance.aave.com.
This article was written by the News Desk and edited by Samuel Rae.
Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosystems.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
For more details, visit the official Governance platform.
TL;DR Aave DAO approved a proposal to deploy GHO natively on Arbitrum.The plan expands GHO beyond its original environment and deepens Aave’s stablecoin strategy.The move shows DeFi protocols are still trying to solve cross-chain liquidity and distribution. Why Arbitrum matters for GHO Stablecoins live or die on usefulness. If GHO is going to compete for real DeFi activity, it needs to be available where borrowing, lending, and trading already happen. Arbitrum gives it access to a deeper layer-2 user base and more places where liquidity can circulate.
The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
The Market Read Explain the Chainlink CCIP role without making it too technical.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For DeFi readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from governance.aave.com.
This article was written by the News Desk and edited by Samuel Rae.
Bitmine acquired another 40,000 ETH worth approximately $71.6 million, according to blockchain analytics firm Lookonchain, bringing its total Ethereum treasury to nearly 5% of the token’s circulating supply.
The transactions were traced through Arkham Intelligence to hot wallets operated by FalconX and Kraken. While the company has not publicly confirmed the July 8 purchase, it has continued releasing weekly updates on its accumulation strategy.
$11.1 Billion in Crypto Assets and Growing The latest on-chain activity follows Bitmine’s disclosure that it purchased 42,197 ETH between June 29 and July 3, raising its total treasury to 5,742,237 ETH. The company reported crypto assets and cash valued at $11.1 billion as of June 28 and stated those holdings account for about 4.8% of Ethereum’s circulating supply.
That figure places the company within reach of its stated goal of controlling 5% of the network’s total available tokens. Its Ethereum reserves, approximately 4,879,157 ETH, or roughly 85%, have been delegated to staking through MAVAN, the company’s Made in America Validator Network.
Earlier disclosures estimated the staked portion could generate about $235 million in annual rewards. That yield stream distinguishes Bitmine’s approach from a pure accumulation play and provides the company with a recurring on-chain income stream that Bitcoin’s proof-of-work architecture cannot replicate.
Tom Lee Points to Real-World Ethereum Adoption Bitmine Chairman Tom Lee has maintained a positive long-term outlook on Ethereum in recent public statements. Lee cited a Layer 2 network processing USDC payments for Shopify and Visa as evidence of growing real-world adoption of the Ethereum ecosystem.
He also pointed to rising odds on prediction market Polymarket for the Clarity Act’s passage this year, suggesting that regulatory progress could provide additional tailwinds for the network. The accumulation strategy directly mirrors the playbook that MicroStrategy, now rebranded as Strategy, used to build a dominant corporate Bitcoin treasury.
Bitmine is applying the same concentrated-bet logic to Ethereum, but the staking yield adds a dimension that Strategy’s Bitcoin position lacks. Whether public markets will assign a similar premium to a yield-bearing ETH treasury remains the central question for investors in BMNR stock.
Stock Drops 4.8% Despite Russell 1000 Entry Bitmine shares fell 4.8% to close at $14.80 on the same day the latest purchase surfaced. The decline came less than two weeks after the company joined the Russell 1000 Index on June 26, a milestone that Lee previously said could attract a larger base of institutional shareholders.
Ethereum itself traded around $1,752 at the time of the purchase, still well below its all-time high of $4,950 reached in August 2025.
Bitmine is scheduled to report financial results for the April through June 2026 quarter on July 29. Wall Street analysts expect quarterly revenue of about $45 million. The earnings report will offer the first detailed look at how the company’s rapidly expanding treasury and staking operations are translating into reported financial performance.
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger holders are treating the weakness as an accumulation zone.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. That matters more for Dogecoin than for many assets because DOGE narratives can become extremely social and emotional. On-chain flows help balance that with a cleaner read on what larger holders are actually doing.
For more details, visit the official Arkham platform.
TL;DR On-chain tracking points to large Dogecoin wallets adding during the market correction.Whale accumulation can signal confidence, but it does not guarantee a breakout.The story gives DOGE traders a firmer data point than social sentiment alone. Whale activity is useful, not magical Large-wallet accumulation is not a price prediction machine. Whales can be early, wrong, or simply positioning over a longer horizon. Still, when bigger wallets add during drawdowns, it often tells the market that at least some capital is willing to step in.
That matters more for Dogecoin than for many assets because DOGE narratives can become extremely social and emotional. On-chain flows help balance that with a cleaner read on what larger holders are actually doing.
The Market Read Keep it analytical and avoid claiming whale accumulation guarantees a DOGE rally.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Dogecoin readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from platform.arkhamintelligence.com.
This article was written by the News Desk and edited by Samuel Rae.
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger holders are treating the weakness as an accumulation zone.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. That matters more for Dogecoin than for many assets because DOGE narratives can become extremely social and emotional. On-chain flows help balance that with a cleaner read on what larger holders are actually doing.
For more details, visit the official Arkham platform.
TL;DR On-chain tracking points to large Dogecoin wallets adding during the market correction.Whale accumulation can signal confidence, but it does not guarantee a breakout.The story gives DOGE traders a firmer data point than social sentiment alone. Whale activity is useful, not magical Large-wallet accumulation is not a price prediction machine. Whales can be early, wrong, or simply positioning over a longer horizon. Still, when bigger wallets add during drawdowns, it often tells the market that at least some capital is willing to step in.
That matters more for Dogecoin than for many assets because DOGE narratives can become extremely social and emotional. On-chain flows help balance that with a cleaner read on what larger holders are actually doing.
The Market Read Keep it analytical and avoid claiming whale accumulation guarantees a DOGE rally.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Dogecoin readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from platform.arkhamintelligence.com.
This article was written by the News Desk and edited by Samuel Rae.
Hard forks are usually discussed in big-picture terms, but the final approach is often decided by smaller technical cleanups that do not sound dramatic at all. Cardano’s 9.0.1 hotfix falls into that category.
It is not the sort of release that creates instant market euphoria. It is the sort of release that helps a network avoid unnecessary problems while moving toward a major change.
For more details, visit the official GitHub platform.
TL;DR Cardano released node version 9.0.1 as a recommended hotfix for mainnet validators.The update addresses issues tied to the network’s bootstrap and script behaviour.It keeps the Chang hard fork process on a steadier technical footing. Why A Hotfix Still Matters Intersect’s release notes frame the update as a recommended fix for all mainnet validators, which tells you this is more than cosmetic maintenance. Validators need stable, predictable software when a governance-heavy event is approaching.
In other words, this is part of the real work behind the Chang hard fork narrative. The marketing version is about governance evolution. The operational version is about making sure the machinery behaves properly.
What It Says About Cardano’s Phase Cardano’s supporters have long argued that the project’s slower style reflects caution and discipline. Releases like this fit that argument better than price chatter does.
For the market, the takeaway is simple: governance milestones only matter if the software path toward them remains solid. That is why even a bug-fix release deserves attention.
This report is based on the Cardano node release notes.
This article was written by the News Desk and edited by Samuel Rae.
Cardano (ADA) remains under pressure, trading below $0.175 on Wednesday and posting four consecutive days of losses. Growing selling activity from large holders, weakening derivatives metrics and a deteriorating technical outlook suggest bears remain in control and could pave the way for further downside.
Whales offload ADA tokensSantiment’s Supply Distribution data shows that whale wallets resumed offloading ADA tokens after last week’s recovery.
The metric indicates that whales holding between 100,000 and 1 million (red line), 1 million and 10 million (yellow line), and 10 million and 100 million ADA tokens have shed 190 million tokens since July 1, fueling the near-term selling pressure.
Cardano supply distribution chart. Source: CoinglassDerivatives data shows early signs of weaknessOn the derivatives side, Cardano data shows cautious signs. CoinGlass’ long-to-short ratio for ADA reads 0.79 on Wednesday, nearing its lowest level in over a month. This ratio, being below one, reflects bearish sentiment in the market, as more traders are betting on the asset’s price to fall.
Cardano long-to-short ratio chart. Source: CoinglassIn addition, the funding rates data also supports a bearish outlook. CoinGlass’ OI-Weighted Funding Rate data for ADA flipped negative on Wednesday, reading -0.0060%. This negative rate indicates that shorts are paying longs and projects a bearish sentiment.
Cardano funding rates chart. Source: CoinglassCardano Price Forecast: ADA extends correctionCardano price trades at $0.172 on Wednesday, maintaining a bearish near-term tone as it remains below the key Exponential Moving Averages (EMAs), with the 50-day EMA at $0.185, the 100-day EMA at $0.216, and the 200-day EMA at $0.289 all acting as overhead supply.
Price is also lodged within a dense Fibonacci band, with the 32.82% Fibonacci retracement at $0.195 capping the latest bounce. At the same time, the Moving Average Convergence Divergence (MACD) turns positive, and the Relative Strength Index (RSI) hovers around 50, hinting at improving but still-capped momentum.
On the topside, immediate resistance is clustered at the 23.6% Fibonacci retracement at $0.173, followed by the 50-day EMA at $0.185 and the 38.2% Fibonacci retracement at $0.195, before a wider barrier emerges between the 50% retracement level at $0.213, the 100-day EMA at $0.216 and the broken descending trend-line around $0.217.
On the downside, initial demand is seen near the psychological and horizontal floor at $0.150, ahead of the Fibonacci cycle low at $0.138, with the pair needing to reclaim and hold above the $0.173 area to ease immediate downside pressure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Hoskinson Accuses Ethereum of Lifting Cardano's ArchitectureCharles Hoskinson, founder of Cardano, has accused Ethereum of attempting to replicate Cardano's Extended UTXO (EUTXO) model while refusing to credit its origins. He described EUTXO as the biggest innovation in smart contracts and claimed it is "a crime in the Ethereum inner circles to mention Cardano." Hoskinson says he has spent more than a decade developing the model and argues it has already been proven at scale.
The comments came in response to a proposal published by Ethereum Foundation researcher Toni Wahrstätter that explores bringing native UTXOs to Ethereum. Under Ethereum's current account-based model, receiving a payment adds state permanently: the first time an address receives $ETH, it gets a permanent account leaf, and the first time it holds an ERC-20, a permanent storage slot. Wahrstätter's proposal looks to address that by introducing a Bitcoin-style approach to payments on Ethereum.
What Is EUTXO and Why Does It Matter?Cardano is a UTXO-based blockchain that implements an Extended Unspent Transaction Output (EUTXO) model, introduced by the Alonzo upgrade to support multi-assets and smart contracts. The model extends the base UTXO design so that addresses can contain arbitrary scripted logic, enabling full smart contract functionality. The success or failure of transaction validation depends only on the transaction itself and its inputs, and not on anything else on the blockchain. As a consequence, the validity of a transaction can be checked off-chain, before it is sent to the blockchain.
EUTXO potentially permits multiple transactions to process simultaneously, significantly boosting scalability, because transactions only depend on their inputs and can, in principle, validate in parallel without interfering with each other. These properties stand in contrast to Ethereum's account-based system, where assets reside in accounts and the state of the blockchain can change during transaction validation.
Hoskinson's claims arrive at a moment of significant architectural debate within Ethereum. Vitalik Buterin gave a fresh overview of Ethereum's long-term direction and highlighted a proposal to bring Bitcoin-style UTXOs to Ethereum. Whether Ethereum's renewed interest in UTXO-based design constitutes convergence, inspiration, or outright copying remains a matter of dispute, but the debate has reignited long-standing tensions between the two ecosystems.
Sources:
Native UTXOs on Ethereum, Ethereum Research
Extended UTXO Model, Cardano Docs
Cardano's EUTXO Model, Input Output (IOHK)
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.
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Cardano founder Charles Hoskinson has criticized Ethereum developers over a new Ethereum Foundation proposal exploring native UTXO-style payments.
He argued that Ethereum is adopting concepts Cardano has spent a decade developing without acknowledging its contributions.
The criticism followed a proposal by Ethereum Foundation developer Toni Wahrstätter titled “Native UTXOs on Ethereum”. The proposal suggests making payment transactions “one-shot objects” instead of permanent state entries.
According to Wahrstätter, borrowing elements of Bitcoin’s UTXO model could reduce Ethereum’s permanent state usage by about 99.8% for simple payment transactions. The design would preserve Ethereum’s existing account-based architecture.
Hoskinson Defends Cardano EUTXO Model Responding on social media, Hoskinson said Cardano’s Extended UTXO (EUTXO) model is one of the biggest innovations in smart contract design.
“It’s not like I’ve been literally working on this topic for over 10 years,” he wrote. He also noted that Cardano once became the third-largest cryptocurrency by market capitalization and now serves millions of users.
Hoskinson further claimed that “it’s literally a crime in the Ethereum inner circles to mention Cardano.” He accused Ethereum developers of trying to replicate EUTXO concepts without giving Cardano credit.
During a follow-up livestream, Hoskinson expanded on his criticism. He said Cardano had already spent years solving challenges around UTXO-based smart contracts, including parallel transaction processing, reference inputs, and combining UTXO and account-based models.
He argued that Ethereum is now following a roadmap centered on technologies Cardano has been building since 2016.
Ethereum Proposal Targets More Efficient Payments Indeed, Wahrstätter’s proposal does not mention Cardano. Instead, it describes the design as borrowing the one-time payment model introduced by Bitcoin.
The proposal introduces native UTXOs that would exist mainly in transaction history rather than permanent blockchain state. Each UTXO would include a source account, payment value, recipient address, and a protocol-assigned index to prevent double spending.
Instead of permanently storing every payment, the proposal records UTXO creation in event logs. Cryptographic proofs would be maintained through per-block commitment roots, reducing long-term storage requirements.
The design also integrates with the proposed EIP-8141 Frame Transactions architecture. This would allow UTXO inputs, account transfers, sponsorship mechanisms, and gas payments to be processed in a single transaction flow.
Hoskinson Predicts Ethereum Will Borrow More Ideas Hoskinson argued that Ethereum has repeatedly dismissed Cardano’s innovations before later adopting similar concepts. He pointed to Cardano’s on-chain governance, treasury system, and the Ouroboros consensus family as examples of technologies Ethereum could eventually embrace.
He also highlighted Cardano’s privacy-focused Midnight project. According to Hoskinson, Ethereum will eventually move from hash-based cryptography to lattice-based cryptography as part of its post-quantum security roadmap.
While Hoskinson described the proposal as validation of Cardano’s technical direction, Wahrstätter presented it differently. His proposal aims to improve Ethereum’s scalability and state efficiency by adding UTXO-style payment mechanics alongside its existing account model, not replacing it.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Charles Hoskinson has defended Cardano’s long-term outlook, arguing that short-term price movements do not determine the quality of a project’s technology.
During a recent livestream, Hoskinson reflected on Cardano’s journey and highlighted ADA’s dramatic price history as evidence that market cycles are temporary, while strong fundamentals endure.
Price Rises and Falls, but Innovation Endures: Hoskinson Hoskinson reminded the community that Cardano has repeatedly experienced both extreme rallies and deep corrections throughout its history. According to him, ADA once traded at $0.025 before climbing to $3.10 in 2021. Following ADA’s recent underperformance, critics are now declaring the token dead.
However, he dismissed those claims, arguing that such price cycles are not unique to Cardano. He compared ADA’s history to Bitcoin’s repeated boom-and-bust cycles, stressing that temporary market declines do not invalidate a blockchain’s long-term potential.
Moreover, Hoskinson maintained that Cardano’s real competitive edge lies in its engineering philosophy. While competitors may copy individual features, Hoskinson argued that they cannot easily replicate Cardano’s focus on quality, creativity, and research-driven innovation. His comments appeared to target Ethereum, which he recently accused of adopting UTXO concepts without giving proper credit.
ADA Remains Under Pressure Hoskinson’s comments come as ADA continues to face significant market pressure, keeping its price below $0.20. At the time of writing, ADA trades at $0.1691, representing a 94.54% decline from its all-time high of $3.10. With a market cap of $6.16 billion, ADA is ranked in the 15th position on the global crypto ranking.
Although he acknowledged that Cardano has endured difficult periods that pushed its price sharply lower, Hoskinson emphasized that those setbacks never weakened his confidence in the project’s long-term direction.
“I’ve never lost faith in the vision and the direction of things,” Hoskinson remarked.
Previously, he revealed that the collapse in ADA’s price had reduced his personal wealth by more than $3 billion. Nonetheless, he remains confident that Cardano can recover from its current lows, regain lost value, and eventually compete for the top position on CoinMarketCap.
Real Utility Will Drive the Next Growth Phase Hoskinson’s latest remarks reinforce his broader view that the cryptocurrency industry has entered a more mature stage. Speaking during an interview on The Breakdown, he argued that sustainable growth will come from solving real-world problems rather than relying on speculative price appreciation.
According to Hoskinson, the era of simply buying a token and expecting effortless tenfold gains overnight is largely over. In his view, blockchain networks must continuously earn market recognition by building useful products, expanding their ecosystems, and delivering lasting value.
As part of that vision, Hoskinson highlighted Midnight as one of Cardano’s most important long-term initiatives. He argued that if Midnight grows into a $10 billion ecosystem, it would prove Cardano’s ability to incubate large-scale blockchain platforms capable of attracting users, developers, and capital.
“If Midnight is a success, you’ll have a $10B thing on Cardano,” Hoskinson said, adding that the next logical step would be to build several more ecosystems of similar scale.
Cardano Advances RealFi Initiative Meanwhile, Cardano has continued to expand its real-world use cases through the launch of RealFi Testnet Phase 1. The initiative aims to improve access to financial services for underserved populations by allowing participants to test key protocol features before the mainnet launch.
During the testnet, users can swap supported test assets for test USDr, stake it to receive test sUSDr, and access yield and capital-efficiency layers, and later unstake their assets on what appears to be Cardano’s PreProd network.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Hoskinson: Leios Puts Cardano on Par With XRP LedgerCardano founder Charles Hoskinson has made a bold claim about the network's next major protocol upgrade. Speaking in an interview with David Gokhshtein on The Breakdown podcast, Hoskinson said the Ouroboros Leios upgrade will increase Cardano's internal throughput by up to 60 times its current capacity. He argued the improvement would put Cardano on equal footing with the $XRP Ledger in terms of raw performance.
"Leios will be a 60x in terms of throughput inside the system, so we're good, we're as performant as XRP, and we still kept our principles," Hoskinson said.
The comparison carries real weight. The XRP Ledger is capable of processing up to 1,500 transactions per second with settlement times of 3 to 5 seconds, a benchmark that has made it a preferred network for payments and cross-border transfers. Cardano's current throughput sits well below that level, a gap that has drawn persistent criticism from developers and investors.
The Ouroboros Leios protocol introduces parallel transaction processing, aiming to reach speeds above 1,000 TPS while preserving decentralization and security. Hoskinson stressed that the gains come without the usual trade-offs associated with the blockchain trilemma, where scaling improvements often come at the cost of security or decentralization.
Testnet Live, Mainnet Targeted for Year-EndA public testnet called Musashi Dojo launched on June 23, 2026, marking the protocol's first operation in a live network environment. Mainnet deployment is scheduled before the end of 2026.
Hoskinson also said higher performance could attract more users, increase transaction activity, and lift DeFi TVL on the network. The comments follow an earlier warning from Hoskinson that Cardano's ecosystem could suffer if key governance votes fail to approve critical upgrades. He noted that the DeFi TVL on Cardano could collapse if governance members do not vote to approve the upgrades, remarks that came after notable Cardano ecosystem projects TapTools and JPG Store shut down.
The upgrade carries execution risk. Deployment on a live, decentralised mainnet introduces technical hurdles that a testnet environment does not fully replicate, and any delays could weigh on developer and market confidence heading into 2027.
Sources
BeInCrypto: Charles Hoskinson Bets Cardano Will Rival XRP Ledger's Speed After the Leios Upgrade
CryptoNews: Hoskinson Says Cardano Will Be as Performant as XRP With Leios Upgrade
CoinMarketCap: Latest Cardano (ADA) News and Updates
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.
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Ethereum Foundation developers are looking for a way to save the network from the critical growth of its database and have turned to the architecture of its main competitor. Researcher Toni Wahrstätter proposed introducing elements of the UTXO model into Ethereum, a model that has been successfully used by Cardano for years.
Amid this, Cardano founder Charles Hoskinson — a former Ethereum co-founder who left the project in 2014 after a public split over deep disagreements with Vitalik Buterin about the network's commercial direction — accused his former colleagues of hypocrisy.
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Ethereum's problem lies in its account-based model, as the network is forced to permanently store active data on the balance of every wallet, even if the transfer was a one-time transaction. As part of the EIP-8141 standard, Frame Transactions, Wahrstätter proposed making simple payments "one-time use."
Information about them would be verified from the blockchain's history, while only a single spent bit would remain in active memory. According to the author's calculations, this would reduce unnecessary data growth by 99.8% for basic L1 transfers.
The idea has already entered the Strawman discussion track, which Vitalik Buterin himself is following.
Why Cardano's founder is furiousFor Hoskinson, whose Cardano blockchain was originally built on a modified Extended UTXO model, or eUTXO, specifically to solve the scaling problem, this news became a trigger. He reacted emotionally to the initiative on X, stating that there is an unspoken taboo inside the Ethereum ecosystem against recognizing his contributions.
The main irony of this dispute is technical. The UTXO model itself belongs to Bitcoin, but its network has no smart contracts — it is simply a wallet system. Cardano, however, took this mechanism as its foundation from the beginning and expanded it into eUTXO in order to run complex applications.
It's not like I've been literally working on this topic for over 10 years of my life and launched a cryptocurrency that was number three on coinmarketcap with millions of users to deploy it. It's literally a crime in the Ethereum inner circles to mention Cardano. EUTXO is the… https://t.co/3F3l6cg0JE
— Charles Hoskinson (@IOHK_Charles) July 7, 2026 Ethereum has always operated on the opposite, account-oriented system. Now that its researchers are proposing to introduce UTXO elements to save memory, this looks like an acknowledgment of someone else's technological solutions.
In practice, however, combining two different models is difficult, as it creates compatibility risks for already functioning DeFi applications.
As a result, Ethereum now faces a choice: continue tolerating the growth of its database or implement a hybrid workaround, effectively confirming the correctness of Hoskinson's approach.
Cardano recently formed a bullish divergence involving the daily RSI, suggesting that the selling pressure may be weakening.
Cardano (ADA) remains under pressure, trading at $0.16697 and down 4.19% on the day. However, a major technical signal has appeared on the daily chart, suggesting that bearish momentum may be losing strength.
The signal comes from a bullish divergence between ADA’s price and the Relative Strength Index (RSI). While this pattern does not confirm that the downtrend has ended, it shows that sellers are losing momentum even as the price continues to make lower lows.
Cardano RSI Divergence Indicates Improving Momentum The bullish divergence developed between two swing lows that formed about three weeks apart. Specifically, on June 8, ADA dropped to $0.1487, pushing the RSI down to 12.78, an extremely oversold level that reflected heavy selling pressure during the early-June decline.
Later, on June 25, ADA fell further to $0.1380, creating a lower low on the price chart. However, instead of falling further, the RSI posted a higher low of 25.10 on the same day. This created a bullish divergence, where price makes a lower low but the momentum indicator forms a higher low.
Cardano RSI Bullish Divergence This pattern suggests that sellers are beginning to lose control. Although they managed to push ADA to a new low between June 8 and June 25, they did so with much weaker momentum.
Since then, the RSI has climbed to 47.57, while its signal line stands at 42.93. An upward trendline now connects the RSI readings of 12.78 and 25.10, confirming the improving momentum. If the RSI moves above 50 and stays there, it would provide stronger confirmation that buyers are now gaining control.
Cardano Fibonacci Levels Meanwhile, ADA’s daily chart also shows Fibonacci retracement levels from the swing high of $0.28935 to the June 25 swing low of $0.13800, which also marks the point where the RSI bullish divergence formed. These levels present key support and resistance areas for ADA.
Right now, ADA is testing the 0.786 Fibonacci retracement at $0.16169, a level that has served as both support and resistance in recent sessions. Just below it sits the 0.888 retracement at $0.14993, which provides another important support area.
If ADA closes below that level, the market could revisit the $0.13800 low. A break below that support would then expose the 1.272 Fibonacci extension at $0.11283 and the 1.414 extension at $0.10156, although reaching those levels would likely require a much weaker crypto market overall.
On the upside, ADA first needs to reclaim the 0.618 Fibonacci retracement at $0.18311 to improve the short-term outlook.
Cardano Fibonacci Levels and MACD Holding above that level could then open the door to the 0.33 retracement at $0.22663, representing a gain of about 35% from the current price. The previous swing high at $0.28935 remains the major resistance level over the longer term.
MACD and Bollinger Bands Show Weakening Pressure The Moving Average Convergence Divergence (MACD) also shows improving momentum. The MACD line currently stands at 0.00462, while the signal line sits at -0.00095.
During the sharp sell-off in June, the MACD histogram recorded deeply negative readings. Since then, the histogram has moved closer to the zero line and has begun shifting toward positive territory, showing that bearish momentum continues to weaken despite today’s decline.
Meanwhile, the middle Bollinger band stands at $0.16047, while the upper and lower bands sit at $0.19128 and $0.12966, respectively. ADA is trading slightly above the middle band, placing it in a neutral position rather than confirming either a breakout or another breakdown.
The upper Bollinger Band at $0.19128 also sits close to the 0.618 Fibonacci retracement at $0.18311, creating a strong resistance area that buyers will need to overcome.
What Could Come Next for Cardano? In the short term, $0.16169 remains the most important level to watch. ADA needs to stay above this 0.786 Fibonacci retracement on a daily closing basis to keep the bullish divergence valid.
A drop below the 0.888 retracement at $0.14993 would show that buyers failed to build on the improving momentum and could lead to another test of the June 25 low at $0.13800. If that level breaks, the current bullish setup would lose its validity, and the Fibonacci extension targets could come into focus.
If ADA holds its ground and the rising RSI trendline remains intact, the first upside target stands at $0.18311, where the 0.618 Fibonacci retracement meets the upper Bollinger Band.
A strong daily close above that level, together with an RSI move above 50 and continued improvement in the MACD, would point to a greater change in market structure and could pave the way for a move toward $0.22663.
Meanwhile, it remains to be seen if the $0.13800 low will prove to be the cycle bottom. The bullish RSI divergence and improving MACD momentum point to that possibility.
However, ADA still needs to reclaim and hold above the 0.618 Fibonacci retracement at $0.18311 before the broader trend can shift from bearish to bullish. Until then, the RSI divergence is just a promising signal, not the confirmation of a full trend reversal.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Developers within the Ethereum Foundation are exploring a new approach to slow down the rapid growth of data on the network. Researcher Toni Wahrstatter has suggested integrating certain elements of the UTXO (Unspent Transaction Output) model into Ethereum. This concept mirrors aspects of the architecture that Cardano has successfully used for years.
Reducing data load is at the core of the proposalThe main challenge Ethereum faces stems from its account-based structure, which requires every wallet’s balance to be persistently stored as active data. Even when a transaction occurs only once, these records continue to occupy space on the blockchain’s memory. Through Ethereum Improvement Proposal (EIP) 8141, Wahrstatter has introduced the idea of ‘Frame Transactions’ that would make simple payments single-use.
Under this system, transaction details would be validated from historical blockchain records only when needed. In active memory, a single bit would indicate whether a transaction output has been spent. Wahrstatter estimates that this framework could reduce unnecessary data growth from basic transfers on Ethereum’s base layer by as much as 99.8%.
Mini glossary: UTXO stands for unspent transaction output, a model where each new payment consumes a previous unspent output. eUTXO is an extended version, adapted by Cardano to allow for more advanced features like smart contracts.
Wahrstatter’s proposal aims to make simple payments single-use, which he believes would cut data growth on the base layer by 99.8%.
The proposal has entered the initial “Strawman” discussion phase within the Ethereum community, with Vitalik Buterin among those following the developments. However, implementing such a change would require not only a technical assessment but also a thorough evaluation for compatibility with existing applications.
Hoskinson criticizes with accusations of hypocrisyCharles Hoskinson, founder of Cardano, responded sharply to these developments. Hoskinson parted ways with Ethereum in 2014 following disagreements with Vitalik Buterin, particularly regarding the network’s commercial direction and long-term architectural roadmap.
Hoskinson believes that within the Ethereum ecosystem, there remains an unspoken taboo against acknowledging his contributions.
For Hoskinson, this debate is not just technical but also symbolic. From day one, Cardano was designed around the Extended UTXO—eUTXO—model to address scaling challenges. Ethereum, on the other hand, has long championed the account-based system as the opposite approach.
Technical overlaps raise new risksThe UTXO model is historically associated with Bitcoin, which operates mainly as a value transfer system with limited capacity for smart contracts. Cardano extended the same logic to create a more flexible infrastructure for complex applications.
Ethereum researchers now considering features inspired by this model to tackle memory constraints is, in some quarters, seen as indirect validation of solutions pioneered elsewhere. Still, merging two disparate architectures is no small feat. Such a hybrid approach could create compatibility risks for the many DeFi applications currently operating on Ethereum.
This means Ethereum now faces two main options: either continue to manage its growing database as is, or pursue a hybrid solution involving a more radical architectural shift.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cardano founder Charles Hoskinson, considered one of the most outspoken figures in the cryptocurrency market, has targeted Ethereum this time.
Accordingly, Hoskinson accuses Ethereum of copying Cardano’s UTXO (EUTXO) model.
In his latest YouTube video, ADA founder Charles Hoskinson accused the Ethereum Foundation of copying a concept that Cardano has been developing for a decade without attribution.
Hoskinson described Cardano’s extended UTXO model as one of the biggest innovations in smart contract design, a topic he has been researching for over 10 years.
The report suggested that the Ethereum team was trying to copy the UTXO model without mentioning Cardano, and that they might copy other Cardano innovations in the future.
Hoskinson’s remarks come in response to comments made by Ethereum Foundation developer Toni Wahrstätter, who recently presented a proposal titled “Native UTXOs on Ethereum.” According to Wahrstätter, this proposal envisions transforming payment transactions into “one-time objects” instead of persistent state inputs.
According to Wahrstätter, borrowing elements of Bitcoin’s UTXO model could reduce Ethereum’s persistent state usage in simple payment transactions by approximately 99.8%.
Hoskinson cites Bitcoin’s UTXO model as the source of the proposal, but makes no mention of Cardano.
*This is not investment advice.
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Tether has executed a significant burn of $2.5 billion USDT on the Ethereum network, marking its largest such operation since February 2026. The burn, which occurred on July 7, 2026, reduced the total circulating supply of USDT by approximately 1.3%, reflecting substantial customer redemptions. Despite the large reduction in supply, the USDT peg remained stable around $1.00, indicating a response to market demand rather than a strategic deflationary move. This development comes amid ongoing scrutiny of stablecoin supply dynamics and their potential impacts on the broader cryptocurrency market.
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Key Takeaways The $2.5 billion USDT burn appears to have been driven by large customer redemptions, suggesting a stable demand environment. The stability of the USDT peg during the burn indicates that the transaction was consistent with maintaining market equilibrium. Market participants may view the burn as supportive of upward pressure on Bitcoin prices, with some suggesting a potential impact on Bitcoin’s July pricing scenarios. What to Watch Market observers should monitor Bitcoin price predictions for July, particularly the likelihood of reaching price targets such as $67,500 and $70,000, which currently hold 38% and 19% YES probabilities, respectively. Developments in stablecoin supply, further redemption activities, and macroeconomic indicators could influence these probabilities. Key actors like Michael Saylor and Cathie Wood may also provide insights or actions that shift market expectations.
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Contract Odds Δ since publish Volume 24h August 1 2026 0.9% — — View market → August 1 2026 37.5% — — View market → August 1 2026 19% — — View market → August 1 2026 40.5% — — View market → August 1 2026 6.5% — — View market → August 1 2026 67.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 4.2% — — View market → August 1 2026 3.2% — — View market → August 1 2026 9.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 13% — — View market → August 1 2026 23.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 1.4% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.2% — — View market →
Tether will invest $20 million in a strategic growth financing round for Mercado Bitcoin, Latin America's largest onchain financial services platform, the stablecoin issuer said in a statement published July 7.
The deal deepens Tether's exposure to Brazil at the same time its flagship stablecoin, USDT, is being pushed out of the European Union under new licensing rules.
Mercado Bitcoin, founded in 2013, has grown from a digital asset exchange into a full-stack financial platform spanning trading, tokenized investment products, credit and lending, stablecoin-powered payments and cross-border services. The company said it serves 4.5 million users, has issued more than R$2 billion ($370 million) in tokenized assets, and holds more than ten licenses across Brazil and Europe, including a Payment Institution license from Brazil's central bank, the Banco Central do Brasil.
"Mercado Bitcoin has built exactly that, a regulated, full-stack on-\chain financial platform serving millions of users across one of the world's most dynamic financial markets," said Tether chief executive Paolo Ardoino in the statement.
Mercado Bitcoin chairman and CEO Roberto Dagnoni said the capital would support expansion of payments infrastructure, tokenized investment offerings, lending and on-chain capital markets, along with continued international growth.
The investment lands three days after the European Union's Markets in Crypto-Assets regulation (MiCA) reached its final transition deadline on July 1, requiring any stablecoin operating on a licensed EU exchange to hold an e-money token authorization backed by reserves largely held in European bank deposits. Tether never sought that authorization, and MiCA-licensed exchanges including Coinbase, Kraken and Crypto.com have removed USDT from their EU order books over the past eighteen months, with Revolut following suit ahead of the deadline.
Ardoino has publicly argued that MiCA's requirement to hold 60% of e-money token reserves in European bank deposits introduces its own risk to reserve safety, a position Tether has used to justify not pursuing the license.
The Mercado Bitcoin deal is the latest example of Tether directing capital toward markets outside the EU's regulatory perimeter. The company has also led a financing round of up to $1.4 billion for humanoid robotics firm NEURA Robotics and signed a memorandum of understanding with Dubai's Multi Commodities Centre on tokenization, moves that sit alongside a broader pattern of expansion in Latin America, the Gulf and parts of Asia even as its stablecoin loses shelf space in Europe. Whether that regional pivot offsets the loss of the EU market for USDT trading volume remains an open question, though Brazil's rapidly developing tokenization market and Mercado Bitcoin's existing licensing footprint give Tether a regulated entry point into one of the region's largest crypto economies.
Tether burned 2.5 billion USDT on the Ethereum network, marking one of the largest stablecoin supply reductions in recent months. According to CryptoQuant data, this was the largest single-day Ethereum-based USDT burn since the 3.5 billion USDT burn on February 10th.
Another notable development in the market was the sharp drop in USDT balances flowing in and out of Binance via the Tron network. According to the data, the USDT balance circulating through Binance’s Tron channel fell to approximately $860 million.
This level is the lowest recorded since the $391 million low seen on December 29, 2025. It also marks the first time in a long time that the balance has fallen below $1 billion.
Analysts note that Tether’s large-scale burn on Ethereum should not be interpreted as a direct signal regarding market direction.
Stablecoin issuers typically conduct such operations for purposes such as investor repayments, treasury management, reserve optimization, or cross-chain liquidity balancing. Therefore, the burning data alone may not necessarily indicate an expected rise or fall in the market.
However, it is noted that the decrease in the USDT supply on Ethereum and the simultaneous contraction of USDT liquidity in Binance’s Tron channel should be considered together. According to experts, the simultaneous occurrence of these two developments could send important signals, especially regarding exchange-based stablecoin flows and cross-chain liquidity distribution.
In the cryptocurrency market, stablecoin movements are closely watched as they offer important clues about investor behavior, exchange liquidity, and overall risk appetite. These recent developments involving Tether have also caught the attention of market participants.
*This is not investment advice.
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On July 7, Tether withdrew $2.5 billion worth of USDT from circulation on the Ethereum network. This move marks the largest contraction in USDT supply since February, signaling a slowdown in stablecoin liquidity flows — one of the latest indications of tightening conditions across the stablecoin market.
Supply contraction and market dataFollowing this transaction, USDT’s total circulating supply fell to $189.6 billion. The majority of this supply is distributed across the Ethereum and TRON blockchains. Tether, as the issuer of the US dollar-pegged stablecoin USDT, remains the dominant player in terms of overall circulating supply within the cryptocurrency sector.
Recent developments show that stablecoin market trends extend beyond just USDT. According to data from Artemis, the number of active stablecoin addresses dropped by 36.2% over the past 30 days. Daily average stablecoin transaction volume also declined sharply, falling by 47.5% in the same period. USDC, USDT’s main competitor, saw more pronounced outflows of liquidity in the last month as well.
Tether’s $2.5 billion burn on July 7 marked the biggest supply reduction since February.
This contraction in available supply suggests that recent upwards price moves in crypto markets have relied more on the closing of short positions than on fresh liquidity entering the sector. Unless a notable rebound in stablecoin supply transpires, broader and more sustainable growth across digital assets is expected to remain constrained.
Shifting balances on TRON and BinanceThe reduction in USDT supply also brings into focus where liquidity on major networks is consolidating. In particular, USDT flows between Binance and TRON are closely watched as key indicators of trading sentiment. Data for July shows Binance’s USDT reserves on TRON dropping to $806 million.
The slowdown in USDT transfers on both Ethereum and TRON during May and June reinforces broader evidence of liquidity contraction in crypto markets. Binance’s total stablecoin reserves have held near $39 billion, with no significant change observed on this front in the past month.
USDT remains dominant as use cases divergeWhile the $2.5 billion removal is relatively modest given USDT’s overall scale, ongoing regulatory developments in Europe and decisions by some platforms to pare back USDT support have added to the pressures on the token.
Artemis data highlight an 83% drop in stablecoin transfer activity over the last 30 days. However, total stablecoin supply remains close to its historic peak, narrowing only 1% in the past month. Previous crypto bull cycles were fueled in part by rapid growth in stablecoin supply, but current conditions suggest flat or sideways movement in available supply.
USDT continues to play a central role in crypto transactions, with $99.98 billion on Ethereum and more than $89 billion on TRON as of July.
As of July, USDT remains more widely used for commercial payments, while USDC is carving out a larger presence in the DeFi (decentralized finance) landscape. USDC gains particular momentum from its use in perpetual trading ecosystems on the Base network, whereas USDT is most prominent in peer-to-peer payment scenarios.
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.
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Ethereum is slipping by more than 2% as massive $2.5 billion USDT burn on Ethereum dragged its price prediction down. Although ETH barely flinched, as traders believe the burn looks more like Tether moving liquidity than an exit.
Large redemptions often reflect supply shifting between networks instead of cash leaving crypto altogether. Trading volume stayed around $10 billion, showing buyers and sellers kept business humming.
CryptoQuant: Tether Burns $2.5 Billion USDT on Ethereum, Largest Since February
According to CryptoQuant, Tether burned $2.5 billion worth of USDT on the Ethereum network on July 7, marking its largest single burn since February 2026. Meanwhile, Binance’s USDT balance on the… pic.twitter.com/ymtNXGqpjQ
— Wu Blockchain (@WuBlockchain) July 8, 2026 Even so, Ethereum has held onto much of its recent recovery. The token remains roughly 10% higher than a week ago despite today’s pullback. That suggests traders are taking profits without triggering the kind of panic that usually sends charts into freefall.
Attention now shifts to upcoming U.S. inflation and policy updates, which could spark the market’s next move. Until then, Ethereum may keep drifting inside its current range. Traders seem content to wait, even if the blockchain never really sleeps.
Discover: The Best Token Presales
Can Ethereum Price Hit $1,850 This Week?Ethereum is trading around $1,730 after losing momentum from its recent rebound. The latest pullback has pushed price below the previous support zone, putting sellers back in control. Bulls have some work to do before anyone starts talking about a comeback.
The first support now sits around $1,700. If that level fails, Ethereum could slide toward $1,620, with $1,530 as the next major downside target. Catching a falling knife sounds exciting until you remember who usually gets cut.
Meanwhile, resistance has shifted lower to the $1,750 to $1,770 area. Ethereum needs to reclaim that zone before traders can target $1,845 and $1,865 again. A stronger recovery could eventually bring $1,975 into view, but that remains a stretch for now.
The base case is continued choppy trading while investors wait for fresh macro catalysts. However, a sustained move back above $1,770 would improve the technical picture. Until then, the bears have the upper hand, even if they still can’t resist taking a victory lap too early.
Discover: The Best Crypto to Diversify Your Portfolio
LiquidChain Targets Early Mover Upside as Ethereum Tests Key LevelsETH at $1,750 is a recovery, not a breakout. Traders positioned since the $1,500 low are sitting on 10% gains, but the $1,865 resistance wall means meaningful additional upside requires a macro catalyst that isn’t confirmed yet. For capital looking for asymmetric exposure without waiting on the next Fed print, early-stage infrastructure plays carry a different risk-reward profile entirely.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as a unified cross-chain execution environment, fusing Bitcoin, Ethereum, and Solana liquidity into a single layer.
The architecture (Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, Deploy-Once) targets the fragmentation problem that makes cross-chain development genuinely painful.
As of today, the presale is currently priced at $0.01477, with $890K raised. Recent coverage has tracked its trajectory toward the $900,000 milestone.
Research LiquidChain before making any allocation decision.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
Tether has announced a $20 million investment in a growth financing round for Mercado Bitcoin, Latin America’s provider of on-chain financial services. The move is intended to accelerate the development of blockchain-based financial infrastructure across the LatAm region, with Brazil positioned as a key hub for digital asset adoption, tokenization, and regulated blockchain services.
The funding will support Mercado Bitcoin’s expansion into several core areas.
‘These include scaling payment systems, growing tokenized investment products for both retail and institutional clients, expanding lending and credit offerings, advancing on-chain capital markets, and pursuing further international growth opportunities.
The capital is expected to help the company build practical, regulated tools that integrate blockchain technology more deeply into everyday financial activities.
Mercado Bitcoin began operations in 2013 as a cryptocurrency exchange.
Over the past decade, it has evolved into a full-stack on-chain financial platform offering trading infrastructure, tokenized assets, credit services, stablecoin-enabled payments, banking tools, and cross-border solutions.
The company currently serves approximately 4.5 million users and has issued more than R$2 billion in tokenized assets.
It operates under more than ten regulatory licenses in Brazil and Europe, including a Payment Institution license from Brazil’s central bank, as well as broker-dealer, securitization, and asset management authorizations.
Paolo Ardoino, CEO of Tether, said:
“Tether’s mission is to build open, accessible, and efficient financial infrastructure for the world. Mercado Bitcoin has built exactly that, a regulated, full-stack on-chain financial platform serving millions of users across one of the world’s most dynamic financial markets.”
Roberto Dagnoni, Chairman and Chief Executive Officer of Mercado Bitcoin, noted:
“The discussion is no longer whether finance will move on-chain. That transition is already underway. The focus now is on building the infrastructure that will support tokenization, stablecoins, payments, and capital markets at scale, reshaping how money moves, investments are accessed, and capital is deployed.”
The investment reflects Tether’s ongoing strategy of backing companies that develop real-world applications for stablecoins, tokenization, and blockchain technology in high-growth markets.
In Brazil and across Latin America, strong digital adoption, large financial markets, and an evolving regulatory landscape have created favorable conditions for these innovations.
On-chain infrastructure is increasingly becoming part of the mainstream financial system, enabling faster transactions, more programmable money movement, and greater accessibility for users and institutions.
By partnering with Mercado Bitcoin, Tether aims to contribute to more efficient and globally connected financial services in the region.
The collaboration is expected to help bridge traditional finance with blockchain capabilities, supporting wider adoption of tokenized assets and stablecoin-powered solutions. As digital assets continue to integrate with regulated financial systems, this type of investment highlights growing momentum for practical blockchain infrastructure in emerging markets.
H2 is becoming a key period for network upgrades. Notably, Ethereum is right at the center of that.
Its biggest upgrade since the Merge has entered the final testing phase. Known as Glamsterdam and targeted for H2 2026, the upgrade focuses on improving how Ethereum works at the protocol level.
It introduces parallel transaction processing and gradually raises the gas limit from 60 million toward 200 million, changes designed to boost throughput.
From an on-chain perspective, the timing couldn’t be better.
Following Q2’s back-to-back DeFi exploits, which wiped more than $10 million from Ethereum’s TVL in immediate outflows, the network is still working to rebuild on-chain liquidity and user activity. As the chart below shows, Aave, Ethereum’s largest lending protocol, has seen its TVL drop to around $13 billion from nearly $35 billion in early Q1.
Source: DeFiLlama Against this backdrop, the upcoming Glamsterdam upgrade becomes a key infrastructure catalyst.
The logic is simple: By improving scalability and expanding network capacity, the upgrade could help Ethereum handle higher DeFi demand as liquidity gradually returns to the ecosystem. This becomes particularly interesting with the planned gas limit increase toward 200 million, which could significantly expand Ethereum’s transaction capacity and reduce pressure during periods of heavy on-chain activity.
The impact could also translate into price action.
ETH has started Q3 on a strong note, gaining 11%, but sustaining this momentum will require more than just short-term flows. A successful Glamsterdam upgrade could add a stronger fundamental narrative, supporting a more infrastructure-driven rally.
Naturally, the question becomes: Is Ethereum [ETH] setting up for a strong H2 cycle, or will macro uncertainty and weaker on-chain activity continue to limit its upside?
Ethereum faces an H2 reality check as DeFi liquidity weakens Stablecoins continue to be the core liquidity engine behind DeFi activity.
However, the broader liquidity environment is showing signs of weakness, with the total stablecoin market cap falling to a four-month low. Over the past four months, around $5.82 billion in stablecoin supply has been wiped out, highlighting a clear slowdown in capital availability across crypto markets.
Adding to the pressure, Tether recently burned $2.5 billion in USDT on Ethereum, reducing the network’s total USDT supply to around $77 billion. This further shifts stablecoin liquidity away from Ethereum, widening the gap with TRON, which currently holds the largest USDT supply at over $87 billion.
Source: Tether Treasury This burn highlights a key challenge for Ethereum’s H2 cycle.
On one hand, the upcoming Glamsterdam upgrade is building a bullish narrative around Ethereum’s scalability. On the other hand, weaker DeFi activity and declining stablecoin liquidity are creating on-chain pressure.
Since Ethereum’s smart contract ecosystem relies heavily on stablecoin flows, a sustained liquidity squeeze could slow DeFi recovery and make it harder for the network to regain momentum.
Meanwhile, institutional flows are adding another layer to the picture.
A large institutional wallet recently transferred 63,000 ETH to Coinbase. Combined with weaker liquidity conditions, this suggests Ethereum’s recent upside could be more of a short-term relief move rather than the beginning of a sustained trend.
Final Summary Ethereum’s Glamsterdam upgrade enters final testing, bringing major scalability improvements in H2 2026. ETH’s rally needs stronger DeFi activity to continue.
In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK's National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage's £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK's National Crime Agency by bankers, the Guardian has reported.
The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the funds. A SAR is not proof of wrongdoing and is not the same as a crime report. It is a flag that invites the agency to examine a transaction and decide whether there are grounds for further investigation.
Harborne, a British, Thailand-based businessman who holds a 12% stake in USDT issuer Tether and sits sixth on the Sunday Times Rich List, has separately donated millions of pounds to Reform UK.
Banks pay close attention to transactions involving "politically exposed persons," who are treated as carrying a higher risk of bribery or corruption. FCA guidance states that firms should apply a "risk-based and proportionate approach to PEPs when considering money laundering risks." Harborne's crypto holdings added to that risk in banking terms, the Guardian said, because money moved in and out of cryptocurrencies is harder to trace.
Farage told the paper he had not known about the SAR and had "no reason to doubt the ultimate source of the money." He claimed the information had been “illegally obtained” by the newspaper, and said he was unaware of any discussions with the NCA about transactions involving him.
The NCA declined to confirm or deny to the Guardian that it had received any report, saying SARs are confidential and that breaching that confidentiality could amount to a "tipping off" offense under the Proceeds of Crime Act.
Nigel Farage has been approached for comment.
The timing of the giftHarborne's lawyers told the Guardian that Farage received the money on April 5, 2024. But financial industry sources cited by the paper said at least some of the £5 million arrived after May 23, 2024, the day Farage announced he would not stand in that year's general election, saying it was "not the right time for me." He reversed course days later to run in Clacton.
That timeline, the Guardian noted, appears to clash with an account in a new book, "The Farage Factor" by Conservative peer Michael Ashcroft, which says Reform was already preparing to launch his candidacy by mid-May, having recruited a GB News producer to help promote a planned announcement event.
Farage has described the money as an "unconditional gift" and has given a variety of different explanations of what it was for, including security funding, a reward for his Brexit campaigning, and "nobody's business," saying he could spend it on Ferraris if he wanted.
Farage's deepening crisisFarage has argued he was under no obligation to declare the gift because he was not a politician when he received it. Per the Guardian’s reporting, he became a "person of significant control" of Reform's corporate entity on May 1, 2024, and had been the party's honorary president from March 2021 to June 2024.
Parliament's standards commissioner is already investigating whether the failure to declare the money breached its rules, and Labour has accused him of evading scrutiny over the gift.
Hours before the Guardian's latest report, Farage said he would force a byelection in his Clacton seat, a move that appeared to backfire on Tuesday night as the Conservatives, Labour, the Greens, the Liberal Democrats and Restore Britain all said they would not field candidates, dismissing the contest as a "circus."
If re-elected, Farage would still face the standards inquiry and any reprimand that follows.
Farage has also faced separate calls for an investigation into his "failure to declare financial support" from George Cottrell, a convicted fraudster with ties to an offshore crypto casino. The Reform UK leader has denied that the benefits needed to be declared, and Cottrell denies having expected anything in return.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK's National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage's £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK's National Crime Agency by bankers, the Guardian has reported.
The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the funds. A SAR is not proof of wrongdoing and is not the same as a crime report. It is a flag that invites the agency to examine a transaction and decide whether there are grounds for further investigation.
Harborne, a British, Thailand-based businessman who holds a 12% stake in USDT issuer Tether and sits sixth on the Sunday Times Rich List, has separately donated millions of pounds to Reform UK.
Banks pay close attention to transactions involving "politically exposed persons," who are treated as carrying a higher risk of bribery or corruption. FCA guidance states that firms should apply a "risk-based and proportionate approach to PEPs when considering money laundering risks." Harborne's crypto holdings added to that risk in banking terms, the Guardian said, because money moved in and out of cryptocurrencies is harder to trace.
Farage told the paper he had not known about the SAR and had "no reason to doubt the ultimate source of the money." He claimed the information had been “illegally obtained” by the newspaper, and said he was unaware of any discussions with the NCA about transactions involving him.
The NCA declined to confirm or deny to the Guardian that it had received any report, saying SARs are confidential and that breaching that confidentiality could amount to a "tipping off" offense under the Proceeds of Crime Act.
Nigel Farage has been approached for comment.
The timing of the giftHarborne's lawyers told the Guardian that Farage received the money on April 5, 2024. But financial industry sources cited by the paper said at least some of the £5 million arrived after May 23, 2024, the day Farage announced he would not stand in that year's general election, saying it was "not the right time for me." He reversed course days later to run in Clacton.
That timeline, the Guardian noted, appears to clash with an account in a new book, "The Farage Factor" by Conservative peer Michael Ashcroft, which says Reform was already preparing to launch his candidacy by mid-May, having recruited a GB News producer to help promote a planned announcement event.
Farage has described the money as an "unconditional gift" and has given a variety of different explanations of what it was for, including security funding, a reward for his Brexit campaigning, and "nobody's business," saying he could spend it on Ferraris if he wanted.
Farage's deepening crisisFarage has argued he was under no obligation to declare the gift because he was not a politician when he received it. Per the Guardian’s reporting, he became a "person of significant control" of Reform's corporate entity on May 1, 2024, and had been the party's honorary president from March 2021 to June 2024.
Parliament's standards commissioner is already investigating whether the failure to declare the money breached its rules, and Labour has accused him of evading scrutiny over the gift.
Hours before the Guardian's latest report, Farage said he would force a byelection in his Clacton seat, a move that appeared to backfire on Tuesday night as the Conservatives, Labour, the Greens, the Liberal Democrats and Restore Britain all said they would not field candidates, dismissing the contest as a "circus."
If re-elected, Farage would still face the standards inquiry and any reprimand that follows.
Farage has also faced separate calls for an investigation into his "failure to declare financial support" from George Cottrell, a convicted fraudster with ties to an offshore crypto casino. The Reform UK leader has denied that the benefits needed to be declared, and Cottrell denies having expected anything in return.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Nigel Farage, the leader of the UK’s Reform party and one of Britain’s most polarizing political figures, is facing serious questions after bankers flagged a £5 million personal gift he received from Christopher Harborne, a Bangkok-based British billionaire with deep ties to Tether and Bitfinex. The Suspicious Activity Report was filed in May 2024, effectively inviting the UK’s National Crime Agency to determine whether the transfer warranted further investigation.
Who is Christopher Harborne and why does this matter Harborne is a Thailand-based British crypto billionaire who holds a major shareholding position in both Tether and Bitfinex. For those unfamiliar, Tether issues USDT, the world’s largest stablecoin by market capitalization, which serves as the primary liquidity backbone for crypto trading globally. Bitfinex is one of the longest-running crypto exchanges, and its corporate relationship with Tether has been the subject of regulatory scrutiny for years.
The £5 million gift reportedly arrived just before the 2024 UK general election, which adds a layer of political sensitivity that no amount of “it was personal” framing can easily dissolve.
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Farage’s defense and the regulatory response Farage has maintained that the gift was “unconditional” and intended for his personal security. That distinction matters enormously under UK law. Personal gifts to MPs don’t necessarily need to be declared under the same rules as political donations, but the line between the two can get blurry fast when you’re talking about millions of pounds arriving from a politically connected billionaire weeks before a national election.
The Parliamentary Standards Commissioner has opened an inquiry into whether Farage should have disclosed the £5 million in the MPs’ register of interests. The Electoral Commission is also reportedly looking into whether the payment complied with electoral transparency regulations.
The SAR filed by bankers in May 2024 represents the anti-money laundering angle. Under UK regulations, banks and financial institutions are required to file SARs when transactions appear unusual or potentially suspicious. Filing a SAR doesn’t mean wrongdoing has occurred. It means the institution handling the money decided the circumstances were unusual enough that the National Crime Agency should take a look.
The crypto-politics nexus under the microscope Tether has faced its own set of regulatory challenges over the years. Questions about its reserve backing, its relationships with banking partners, and its exposure to various jurisdictions have made it a perennial target for both regulators and critics within the crypto industry itself. When a major Tether shareholder makes a multimillion-pound personal gift to a prominent politician, it inevitably draws scrutiny to the broader ecosystem.
Across the Atlantic, the crypto industry has become one of the largest sources of political spending in US elections, with companies and executives pouring tens of millions into super PACs and candidate campaigns. Harborne’s gift to Farage suggests that crypto wealth is starting to flow into British politics in significant volumes as well.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TL;DRThe latest edition of BNB Hack brought together builders to create autonomous agents, reusable skills, and onchain trading tools.A total of 21 winners share $36,000 across trading agents, strategy skills, and best use of CoinMarketCap Agent Hub, Trust Wallet Agent Kit, and BNB Agent SDK.Full builds can be found hereCongrats to All Builders and WinnersBNB Hack: AI Trading Agent Edition brought builders together to create autonomous trading agents, reusable strategy skills, and new tools for onchain markets.
Co-hosted by BNB Chain, CoinMarketCap, and Trust Wallet, the hackathon challenged participants to build agents that could analyze market data, execute strategies, interact with onchain infrastructure, and operate with greater autonomy.
A total of 21 winning teams and builders are sharing $36,000 in prizes. Here are the winning projects.
Track 1: Autonomous Trading AgentsThe Autonomous Trading Agents track put agents and their strategies to the test onchain where builders competed based on how well their agents could interpret market conditions, manage strategies, and execute actions autonomously.
Five builders share the $24,000 prize pool:
1st Place ($10,000): Neural Alpha by ClipX2nd Place ($6,000): Genesis3rd Place ($4,000): Gridora4th Place ($2,000): Guarded Alpha5th Place ($2,000): Superagente007Track 2: Strategy SkillsThe Strategy Skills track focused on reusable components that expand what trading agents can analyze, understand, and execute.
Three teams share the $6,000 prize pool:
1st Place ($3,000): Narrative Alpha2nd Place ($2,000), RotorEdge3rd Place ($1,000), UndertowBest Use of Partner ToolsBest Use of CoinMarketCap Agent HubThe Best Use of CoinMarketCap Agent Hub category recognized builders who showed how agents can use market data to interpret conditions, inform strategies, and take action.
Ten builders each receive $200:
@MetaFinancialAI@CryptoCT01@jurbanwrites@Dr4cule_Mihawk@Joepcxc@4lpha_agent@ArtuGrande@itsabigdill@freehoodies@3CTZNBest Use of Trust Wallet Agent KitThe Best Use of Trust Wallet Agent Kit category recognized a project that used Trust Wallet’s agent tooling to give its agent practical onchain capabilities.
The winning builder receives $2,000:
BNB Mission ControlBest Use of BNB Agent SDKThe BNB Agent SDK gives builders the tools to create agents with native onchain capabilities, including interacting with wallets, contracts, payments, and blockchain data.
Two teams share the $2,000 prize pool:
SOLVENTHelmBuilding the Next Generation of Onchain AgentsThe hackathon showed what becomes possible when AI systems can access market data, use reusable skills, manage wallets, and execute onchain actions.
Congratulations to all builders who shipped an agent, tested a strategy, or introduced a new skill throughout the hackathon.
Explore the winning builds: https://dorahacks.io/hackathon/bnbhack-twt-cmc
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.
TL;DRIn H1 2026, BSC cut block intervals to 450 ms, brought in-memory finality down to 650 ms, and nearly doubled benchmark throughput to ~5,200 TPSThe H2 objective is to double mainnet throughput again, on a stated path toward a 10x improvement across BNB ChainA next-generation L1 architecture is in development on a design path toward the 1M TPS end-of-life goalSix months ago, BNB Chain set three priorities for BSC: speed, throughput, and protocol stability. This roadmap opens with the receipts and closes with what comes next - a second half focused on doubling performance again, and an architecture designed for the decade ahead.
What Changed in Six MonthsThe clearest way to read H1 is through what a transaction experiences on BSC today versus January:
Performance Indicator
Baseline (Jan 2026)
Post-Optimization (June 2026)
Block Interval
750 ms
450 ms
Memory Finality
1,125 ms
650 ms
Benchmark Throughput (TPS)
~2,800 (~210 MGas/s)
5,200 (~400 MGas/s)
Alongside speed, the network became steadier: following the Osaka/Mendel hard fork, re-org occurrence on BSC mainnet was significantly reduced.
The Engineering Behind the NumbersNone of these gains came from a single change. Four features carried most of the load:
Block-Level Access List (BAL): Pre-declares state access patterns to improve execution efficiency and support future parallel processing.Incremental Snapshot: Enables faster chain synchronization for lagging or new nodes.EVM SuperInstruction: Decreases interpreter overhead by fusing common opcode sequences, directly driving throughput.Extended Voting Rules: Enhances the fast finality mechanism to ensure consistency under adverse network conditions.The BSC Rust client also reached a milestone: full Reth v2.0 compatibility, including Sparse Trie Cache, Proof V2, and RocksDB support, delivering a 2x performance improvement.
From Protocol to Product: Middleware DeliveredH1 wasn't only about the base layer. Middleware shipped to reduce complexity for advanced business scenarios:
Agentic AI Strategy: Developed and launched the BNB Agent Studio and BNB Agent SDK, integrating tools like AWS Bedrock AgentCore and LLM gateways to enable autonomous on-chain agent deployment.Payment Infrastructure: Advanced the Middleware Payment Protocol (MPP) SDK, focusing on end-to-end integration and partner implementation efforts.Institutional Privacy: Researched and drafted frameworks for institutional-grade privacy.The Second Half: Three CommitmentsDouble the throughput. The immediate objective is a 2x throughput increase on BSC mainnet, scaling toward a long-term 10x improvement for BNB Chain. Isolate the noise. Advanced resource isolation will minimize cross-application interference, so one application's demand spike doesn't degrade another's performance.Lower the barrier. Gas fee structures will be refined to reduce entry costs for both Web2 and Web3 enterprises, a prerequisite for mass adoption.Delivering It: The BSC PipelineThe commitments above map to concrete workstreams already in motion:
Capacity. BEP-675 will be implemented alongside further performance tuning to boost network capacity. Builder processing efficiency will be strengthened through BAL integration and EVM execution refinements.Congestion resistance. Dedicated lane solutions will keep the network operating consistently through peak activity. FOCIL-inspired technology will bolster transaction inclusion guarantees, and BAL-based parallel execution will decrease block import latency.Precision pricing. Rather than applying global fee changes, versatile gas fee adjustments will target specific industry verticals.We're also building for the next wave of institutions arriving onchain. That means making the infrastructure flexible enough to meet their requirements, exploring new token standards that make it easier to issue and move stablecoins, and developing privacy frameworks that work with different compliance and regulatory needs.
At the same time, AI-driven security will make the network safer, and teams building RWAs, stablecoins, and DeFi projects will get hands-on technical support and ready-made middleware.
Designed for the Decade: A New L1 Takes ShapeBeyond the existing stack, BNB Chain is developing a next-generation L1 architecture built to support different use cases than the existing ones:
High Performance: 100K+ TPS through co-optimized consensus, parallel execution, and LtHash-based storageUltra-Low Latency: Sub-50ms transaction preconfirmation and sub-1-second block finalityTxStream: No public mempool. Transactions stream directly to the block leader, cutting latency and blocking front-running by designPriorityLane: Reserved block space for mission-critical traffic (oracles, liquidations, bridges), governed on-chainNative Privacy: Protocol-level confidential transactions with selective disclosure for complianceAccount Abstraction Suite: Gas sponsorship, GasToken, transaction batching, scheduled execution, passkey signing, and access key control. The goal is to achieve Web2-grade UX, nativelyBNB Powered: Extends BNB's utility into trading, payment, privacy, and AI scenarios while staying interoperable with the BNB Chain ecosystemWe plan to ship it on testnet by the end of 2026, with mainnet release following in early 2027. More updates to come soon.
Post-Quantum ReadinessThroughout H2 2026, BNB Chain will keep testing methods, evaluating solutions, and deepening its research into quantum-resistant security across the protocol stack.
Two principles guide this work. First, protect early: attackers can record encrypted data today and decrypt it years from now once quantum computers catch up. We're testing a hybrid approach that layers quantum-resistant protection on top of today's cryptography, rather than swapping it in abruptly. Second, make the upgrade seamless: we're researching how account abstraction can let users adopt quantum-safe security without changing their existing addresses or breaking anything they've already built.
There's no finish line here. Quantum computing will keep evolving, and so will our testing and research. The point is that when it matures, BNB Chain's infrastructure is already prepared.
Research That ShipsBNB Chain will continue to collaborate with top international academic and research institutions to explore the latest technology research and productization practices in blockchain technology.
Looking AheadH1 2026 set targets, delivered them, and measured the results on mainnet. H2 applies the same discipline to a harder set of problems: doubling throughput again on a live network, isolating applications from each other's load, pricing the chain for the next wave of enterprises, and laying the architectural foundation for what comes next.
The goal has not changed: to establish BNB Chain as the premier global network for high-frequency trading and AI integration - defined by speed, institutional-grade reliability, and infrastructure that holds up under real use.
BNB Chain has revealed its roadmap for a new layer 1 blockchain focused on agentic trading, with a testnet planned for late 2026 and a mainnet launch expected in early 2027, according to The Block.
The network will complement the existing BNB Chain stack and is designed to achieve sub-50-millisecond transaction preconfirmation, eliminate the public mempool to make common front-running attacks more difficult, and eventually process more than 100,000 transactions per second.
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The project said the new chain targets narrowing the performance gap between decentralized trading and centralized exchanges while preserving self-custody.
Alongside the announcement, BNB Chain said it is researching quantum-resistant security and reported recent upgrades to BNB Smart Chain, including shorter block times and significantly higher transaction throughput.
The agent economy is already here BNB Chain recently introduced BNB Agent Studio, a new development platform created in partnership with the AWS Generative AI Innovation Center that simplifies the creation of autonomous AI agents. Developers can build and deploy agents in roughly 15 minutes using a text prompt, with the platform automatically configuring infrastructure, identity, crypto payments, hosting and AI services.
The company said agents built through the platform can earn income, pay for their own operations and maintain persistent identities using ERC-8004 digital identities secured by users’ private keys.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Trump Meets Zelensky: Progress Achieved in Russia-Ukraine Conflict, War Not the End, Possible Further Strikes on Iran
U.S. President Donald Trump, during a meeting with Ukrainian President Volodymyr Zelenskyy, stated that both Russia and Ukraine currently aim to reach a reconciliation, adding that the Ukraine war is "not the end." Trump noted he has built a good relationship with Zelenskyy, saying "It's my honor to be with Zelenskyy." He added that "significant progress has been made" in the Russia-Ukraine conflict, but called both Russian President Vladimir Putin and Zelenskyy "tough characters." Zelenskyy said he hopes Trump will make every effort to end the war, and thanked the U.S. for its support to Ukraine. The two sides also plan to discuss details of a drone deal and additional assistance the U.S. can provide to Ukraine. When addressing the Iran situation, Trump said the U.S. strikes on Iran are not aimed at regime change, but over nuclear issues. He claimed the U.S. "launched severe strikes on Iran last night," adding that it may take further military action against Iran tonight. Trump also said the recent NATO summit was "very successful," noting that NATO leaders unanimously emphasized the need to increase defense spending. This meeting between Trump and Zelenskyy is viewed as a key milestone in their communication on the Russia-Ukraine situation, peace plans, and subsequent support measures. (Jin10)
7 minutes ago
IMF cuts global economic growth forecast, raises China's growth forecast.
On the 8th, the International Monetary Fund (IMF) released an update to its World Economic Outlook report, cutting the 2026 global economic growth forecast by 0.1 percentage points to 3%, while raising China’s economic growth projection by 0.2 percentage points to 4.6%. The report also lowered the growth outlook for advanced economies by 0.1 percentage points to 1.7%, and trimmed the growth forecast for emerging market and developing economies by 0.1 percentage points to 3.8%. (Xinhua News Agency)
7 minutes ago
Abraxas Capital withdrew $15.96 million worth of XAUT from four exchanges in eight minutes.
According to monitoring by OnchainLens, a wallet linked to Abraxas Capital has withdrawn a total of approximately 3,931 XAUT worth around $15.96 million from four exchanges over the past eight minutes. The withdrawals are broken down as follows: 760.244 XAUT (valued at ~$3.09 million) from Bitfinex, 940.207 XAUT (~$3.82 million) from OKX, 230 XAUT (~$934,000) from Bybit, and 2,001 XAUT (~$8.12 million) from Binance. The total amount withdrawn to date stands at roughly 3,931 XAUT, worth approximately $15.96 million.
7 minutes ago
AscendEX announces it is ceasing operations, with public hot wallet assets still insufficient to cover user withdrawals.
According to official announcements, crypto exchange AscendEX has released a notice stating it will cease operations, citing the current market environment and the impact of the EU’s Markets in Crypto-Assets (MiCA) regulation as reasons. In response, on-chain investigator ZachXBT pointed out that AscendEX’s public hot wallet still lacks sufficient liquid assets to cover verified user withdrawal demands totaling millions of dollars. He advised users whose assets are affected to file reports with law enforcement and regulatory authorities in their respective countries or regions to hold AscendEX co-founder George (Jing) Cao accountable.
7 minutes ago
German Foreign Minister: The time has come for Iran and the United States to hold genuine negotiations.
German Foreign Minister stated that the time is ripe for Iran and the U.S. to hold genuine negotiations, calling on both sides to halt escalation. Germany and other countries led by France and the UK are ready to participate in mine clearance operations in the Strait of Hormuz. Global oil inventories are not in a critical phase; a suitable environment must be established to clear mines in the Strait of Hormuz, and an agreement with Iran and Oman is needed. (Jin10)
7 minutes ago
Wall Street's leading short seller is bearish on SpaceX IPO: Its prospectus could become the biggest joke in history
GMO co-founder and Wall Street’s famed bear Jeremy Grantham has called SpaceX “the craziest IPO in history”, noting that its grand vision outlined in the prospectus could become a laughingstock for the market in hindsight. Grantham expressed confusion over Wall Street’s widespread recommendation to buy SpaceX, arguing that even if the company meets expectations eventually, it will need a disruptive breakthrough in AI; otherwise, a valuation collapse is more likely. However, Grantham pointed out that SpaceX’s inclusion in the Nasdaq 100 index will attract massive passive allocations from index funds, and the resulting supply-demand imbalance may continue to drive up its stock price, leaving upside potential in the short term.
Trump Meets Zelensky: Progress Achieved in Russia-Ukraine Conflict, War Not the End, Possible Further Strikes on Iran
U.S. President Donald Trump, during a meeting with Ukrainian President Volodymyr Zelenskyy, stated that both Russia and Ukraine currently aim to reach a reconciliation, adding that the Ukraine war is "not the end." Trump noted he has built a good relationship with Zelenskyy, saying "It's my honor to be with Zelenskyy." He added that "significant progress has been made" in the Russia-Ukraine conflict, but called both Russian President Vladimir Putin and Zelenskyy "tough characters." Zelenskyy said he hopes Trump will make every effort to end the war, and thanked the U.S. for its support to Ukraine. The two sides also plan to discuss details of a drone deal and additional assistance the U.S. can provide to Ukraine. When addressing the Iran situation, Trump said the U.S. strikes on Iran are not aimed at regime change, but over nuclear issues. He claimed the U.S. "launched severe strikes on Iran last night," adding that it may take further military action against Iran tonight. Trump also said the recent NATO summit was "very successful," noting that NATO leaders unanimously emphasized the need to increase defense spending. This meeting between Trump and Zelenskyy is viewed as a key milestone in their communication on the Russia-Ukraine situation, peace plans, and subsequent support measures. (Jin10)
7 minutes ago
IMF cuts global economic growth forecast, raises China's growth forecast.
On the 8th, the International Monetary Fund (IMF) released an update to its World Economic Outlook report, cutting the 2026 global economic growth forecast by 0.1 percentage points to 3%, while raising China’s economic growth projection by 0.2 percentage points to 4.6%. The report also lowered the growth outlook for advanced economies by 0.1 percentage points to 1.7%, and trimmed the growth forecast for emerging market and developing economies by 0.1 percentage points to 3.8%. (Xinhua News Agency)
7 minutes ago
Abraxas Capital withdrew $15.96 million worth of XAUT from four exchanges in eight minutes.
According to monitoring by OnchainLens, a wallet linked to Abraxas Capital has withdrawn a total of approximately 3,931 XAUT worth around $15.96 million from four exchanges over the past eight minutes. The withdrawals are broken down as follows: 760.244 XAUT (valued at ~$3.09 million) from Bitfinex, 940.207 XAUT (~$3.82 million) from OKX, 230 XAUT (~$934,000) from Bybit, and 2,001 XAUT (~$8.12 million) from Binance. The total amount withdrawn to date stands at roughly 3,931 XAUT, worth approximately $15.96 million.
7 minutes ago
AscendEX announces it is ceasing operations, with public hot wallet assets still insufficient to cover user withdrawals.
According to official announcements, crypto exchange AscendEX has released a notice stating it will cease operations, citing the current market environment and the impact of the EU’s Markets in Crypto-Assets (MiCA) regulation as reasons. In response, on-chain investigator ZachXBT pointed out that AscendEX’s public hot wallet still lacks sufficient liquid assets to cover verified user withdrawal demands totaling millions of dollars. He advised users whose assets are affected to file reports with law enforcement and regulatory authorities in their respective countries or regions to hold AscendEX co-founder George (Jing) Cao accountable.
7 minutes ago
German Foreign Minister: The time has come for Iran and the United States to hold genuine negotiations.
German Foreign Minister stated that the time is ripe for Iran and the U.S. to hold genuine negotiations, calling on both sides to halt escalation. Germany and other countries led by France and the UK are ready to participate in mine clearance operations in the Strait of Hormuz. Global oil inventories are not in a critical phase; a suitable environment must be established to clear mines in the Strait of Hormuz, and an agreement with Iran and Oman is needed. (Jin10)
7 minutes ago
Wall Street's leading short seller is bearish on SpaceX IPO: Its prospectus could become the biggest joke in history
GMO co-founder and Wall Street’s famed bear Jeremy Grantham has called SpaceX “the craziest IPO in history”, noting that its grand vision outlined in the prospectus could become a laughingstock for the market in hindsight. Grantham expressed confusion over Wall Street’s widespread recommendation to buy SpaceX, arguing that even if the company meets expectations eventually, it will need a disruptive breakthrough in AI; otherwise, a valuation collapse is more likely. However, Grantham pointed out that SpaceX’s inclusion in the Nasdaq 100 index will attract massive passive allocations from index funds, and the resulting supply-demand imbalance may continue to drive up its stock price, leaving upside potential in the short term.
BNB Chain just announced it’s building an entirely new Layer 1 blockchain designed to process transactions in under 50 milliseconds with throughput exceeding 100,000 transactions per second. The testnet is slated for late 2026, with a mainnet launch expected in early 2027.
To put those numbers in context, the current BNB Smart Chain recently got its block time down to 0.45 seconds after the Fermi hard fork. Sub-50ms would be roughly nine times faster than that. The new chain isn’t meant to replace BSC. It’s meant to sit alongside it as a purpose-built arena for one specific use case: agentic trading.
A chain built for AI traders The term “agentic trading” refers to AI-powered autonomous trading systems, the kind of bots that execute thousands of trades per second without human intervention.
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The new L1 will complement BNB Chain’s existing stack, which currently includes BNB Smart Chain for general-purpose smart contracts, opBNB as a Layer 2 scaling solution, and Greenfield for decentralized storage. Adding a high-performance trading chain creates a four-pillar architecture, each piece optimized for a different job.
Sub-50ms transaction pre-confirmation is the headline number, but it’s worth noting that’s pre-confirmation, not full finality. Your trade gets acknowledged almost instantly, but the final settlement takes a bit longer.
The roadmap gets even more ambitious The new L1 is actually just one piece of a broader 2026 Tech Roadmap that BNB Chain has laid out. The near-term goals focus on upgrading BSC itself to handle 20,000 TPS with sub-second finality through parallel execution and other technical optimizations.
Then there’s the longer-term vision. BNB Chain is projecting a next-generation trading chain that could support approximately 1 million TPS by employing what it calls a “hybrid compute architecture.” That timeline stretches from 2026 through 2028.
The Fermi hard fork, which already shipped, cut BSC block times to 0.45 seconds and reduced finality to approximately 1.1 seconds. BNB Chain has also reported zero downtime in 2025 and peak transaction volumes hitting 31 million daily.
How this stacks up against the competition The Layer 1 performance wars have been heating up for a while. Solana regularly touts throughput in the thousands of TPS range in real-world conditions. Sui and Aptos have been making similar claims about sub-second finality. Monad, which hasn’t launched yet, is targeting 10,000 TPS with parallel execution on an EVM-compatible chain.
BNB Chain’s 100K TPS target would leapfrog all of them, at least on paper. The challenge is the gap between testnet benchmarks and mainnet reality. The late 2026 testnet launch will be the first real test of whether this vision is engineering reality or marketing aspiration.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: BNB Chain targets 100K TPS with a new Layer 1 built for agentic trading and AI-driven applications. BNB price holds near $560 support while daily structure continues to show lower highs and lower lows. New architecture removes the public mempool to reduce front-running and sandwich attack risks on-chain. On-chain activity keeps expanding as DeFi, stablecoins, and active wallets continue to grow across BNB Chain. BNB Chain has revealed plans to build a new Layer 1 blockchain focused on agentic trading, with a testnet expected in late 2026 and a mainnet launch targeted for early 2027. The announcement comes as BNB trades near a major technical support zone following weeks of sustained selling pressure.
The proposed network aims to improve execution speed while reducing front-running risks through a redesigned transaction architecture. Meanwhile, BNB price remains under pressure despite signs that selling momentum has eased.
BNB Chain Targets Faster Trading Infrastructure With New Layer 1 BNB Chain said the new Layer 1 will operate alongside its existing ecosystem instead of replacing the current network. The design focuses on high-frequency trading, institutional participation, and AI-driven applications.
BNB Chain Plans New Layer 1 for Agentic Trading, Targets 2027 Mainnet
According to official information, BNB Chain is building a new Layer 1 blockchain designed for agentic trading, with a testnet planned for late 2026 and mainnet deployment in early 2027. The chain will run… pic.twitter.com/7EoW3iBNkL
— Wu Blockchain (@WuBlockchain) July 8, 2026
According to BNB Chain, the network targets more than 100,000 transactions per second with sub-50 millisecond preconfirmation. It also aims for block finality below one second while removing the public mempool.
The project introduces direct transaction streaming to block leaders instead of broadcasting transactions publicly. BNB Chain said this approach reduces front-running and sandwich attacks during execution.
The roadmap also includes protocol-level privacy, account abstraction, reserved transaction lanes, and gas sponsorship features. According to the official announcement, developers plan to launch the testnet before the end of 2026, followed by a mainnet release in early 2027.
The announcement follows several upgrades completed during the first half of 2026.
According to BNB Chain, block intervals dropped to 450 milliseconds while benchmark throughput increased to roughly 5,200 transactions per second after multiple protocol optimizations.
BNB Price Holds Key Support as Technical Indicators Remain Cautious BNB traded around $564 during the latest session, extending its broader corrective trend after failing to sustain June’s recovery. Daily price action continues to produce lower highs and lower lows, keeping the broader structure under pressure.
The immediate support zone sits between $560 and $565. A failure to defend that range could expose the recent swing low near $550, followed by the $535 to $540 area.
Resistance remains clustered between $575 and $585. That area aligns closely with the Ichimoku Kijun-sen, which continues to cap upside attempts on the daily chart.
BNB daily price chart. Source: TradingView The Ichimoku Cloud still favors sellers.
Price remains below the Kijun-sen, while the future cloud retains a bearish configuration. The lagging span also remains below historical price action, confirming limited upside momentum.
The daily relative strength index has recovered to about 43 after recent weakness. Although selling pressure has eased, the indicator still remains below the neutral 50 level, showing buyers have yet to regain control.
Trading volume has also declined following the early June selloff. Lower participation during the recent rebound suggests buying conviction remains limited.
$BNB Chain continues to show strong real world growth as DeFi and stablecoin activity keeps expanding across the network.
Steady transactions active wallets and growing value secured reflect healthy on chain demand instead of short term market hype.
Separate on-chain observations shared by Iko Web3 point to continued growth in decentralized finance, stablecoin usage, active wallets, and secured value across BNB Chain. Those network metrics indicate ecosystem activity continues to expand even as BNB price trades below major resistance.
