KuCoin Pay, the merchant payment solution of the KuCoin exchange, has collaborated with RaveDAO, the biggest Web3-based live entertainment project. The partnership aims to broaden cryptocurrency’s real-world use cases within the live entertainment market. As KuCoin mentioned in its official social media announcement, the move takes into account the integration of $RAVE, the native token of RaveDAO, into the KuCoin Pay network. Hence, the initiative permits consumers to spend their $RAVE holdings across the widening range of offline and online payment scenarios linked to music festivals, community experiences, and cultural events.
🚀 Huge news! KuCoin Pay is joining forces with @RaveDAO, the world’s largest Web3-native live entertainment collective! 🎶🔥
Through this partnership, $RAVE is now integrated into KuCoin Pay! 💳✨
What this means for $RAVE holders & fans:
🎟️ Pay for live event tickets & VIP… pic.twitter.com/QRaHGdHOCX
— KuCoin (@kucoincom) July 22, 2026 KuCoin Pay Advances Real-World Crypto Payments with $RAVE Integration The partnership attempts to incorporate the $RAVE utility token of RaveDAO into KuCoin Pay’s ecosystem. As a result of this integration, users holding $RAVE tokens can seamlessly use them for spending across community and entertainment events. The integration underscores the rising digital asset adoption beyond conventional trading and robust investment activities.
Apart from that, the development also reaffirms the efforts of KuCoin Pay to connect daily user spending and blockchain technology. Particularly, RaveDAO is famous among the biggest Web3-based live entertainment initiatives, linking blockchain technology with music festivals, cultural experiences, and community-led initiatives. Additionally, the organization has developed a notable presence in many global cities, such as Singapore, Miami, Bangkok, Shanghai, Hong Kong, Amsterdam, Brussels, Seoul, and Dubai.
Simultaneously, in partnership with internationally famous artists, Web3 innovators, and lifestyle brands, RaveDAO attempts to establish an interconnected entertainment network led by advanced decentralized technologies. The official integration of $RAVE into the KuCoin Pay network permits users to carry out diverse real-world transfers with the asset. As the primary utility token working in the RaveDAO network, $RAVE enables payments, community engagement, rewards, and event participation.
Unlocking Seamless Crypto Payments for Cultural Events, Festivals, and More According to KuCoin, the integration redefines the $RAVE token from just a digital network asset into a widely practical payment solution for entertainment services. Fans going to live events and festivals can leverage it to buy event tickets, official merchandise, VIP upgrades, travel-related services, or on-site beverages and food. Overall, as the digital asset sector continues to gain wider traction in real-world applications, such collaborations underscore the rising role that cryptocurrency plays in daily experiences beyond just financial markets.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Ripple (XRP), Hyperliquid (HYPE) and Zcash (ZEC) are trading in the red on Thursday, facing headwinds near crucial support levels. The technical outlook for XRP, HYPE and ZEC is bearish in the near term, with risks of further declines as selling pressure builds.
Ripple remains capped below 50-day EMAXRP edges lower on Thursday, maintaining a corrective tone below the 50-day Exponential Moving Average (EMA) at $1.1458 and remains well below the 200-day EMA at $1.4425. The pair has bounced off recent lows, but upside attempts are still capped by this overhead moving-average structure.
Momentum is improving, with the Moving Average Convergence Divergence (MACD) and signal line advancing higher and its histogram expanding positively, while the Relative Strength Index (RSI) at about 55 hints at a recovery in bullish pressure without entering overbought territory.
On the topside, initial resistance is located at the 50-day EMA at $1.1458, followed closely by the 50% Fibonacci retracement of the latest swing from $1.2935 to $1.0092 at $1.1514, forming a nearby barrier.
XRP/USDT daily price chart.On the downside, first support emerges at the 38.2% Fibonacci retracement at $1.1178, with additional demand seen near the broken rising trendline area around $1.0937. A deeper slide would expose the 23.6% retracement at $1.0763, before the anchor low at $1.0092 comes into view as a critical floor.
Hyperliquid breaks below crucial support trendlineHyperliquid trades below $60.00 on Thursday, holding below the 50-day EMA at $62.52. From a technical perspective, the near-term bias is bearish, with the path of least resistance targeting the 50% retracement at $54.19, measured from $38.17 to $76.93.
Price remains above the longer-term 200-day EMA at $50.77, but the rejection from the descending resistance line near $69.67 and the break of the former uptrend support line now acting as resistance at $60.72 suggest that rallies are being sold.
The RSI at 40 remains in weak territory, while the MACD and signal line are trending below the zero line, reinforcing a downside-biased tone.
HYPE/USD daily price chart.Looking up, HYPE faces headwinds from the broken support trendline near $60.72, the 50-day EMA at $62.52, and the 78.6% Fibonacci retracement level at $66.22.
Zcash extends decline toward the 50-day EMA Zcash trades above $500 on Thursday, facing downside pressure from an overhead trendline near $581. The privacy coin holds above both the 50-day EMA and 200-day EMA at $489 and $407, respectively, keeping the broader bias constructive.
Momentum is mixed, with the RSI hovering around a neutral 52 and the MACD slipping below zero, hinting that bullish structure is intact but upside conviction has cooled.
ZEC/USDT daily price chart.On the topside, initial resistance aligns with the descending trendline barrier around $581, with the prior swing high near $690.00 marking a more distant bullish objective if buyers regain control.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
David Schwartz, who served as Ripple’s Chief Technology Officer and played a pivotal role as the architect of the XRP Ledger (XRPL), recently stated that there is only one reason he would consider ending his retirement: working with Nik Bougalis. Schwartz, who retired from Ripple on January 1, 2026, clarified that neither financial incentives nor the size of the challenge would influence his decision, but rather his former colleague Bougalis would be the sole factor.
Nik Bougalis: A key figure in Ripple’s historyNik Bougalis holds a significant place in Ripple’s ecosystem. As the eighth employee hired by Ripple, he led the engineering team that developed the XRPL’s core software over nearly a decade. His experience and leadership contributed to building the technical foundation of the network, making him one of the company’s most recognized early contributors.
Bougalis is also noted for his contributions to cryptography within Ripple, holding three patents essential to the company’s distributed ledger technology. These innovations helped solidify Ripple’s infrastructure in the digital currency sector.
However, in 2022, Bougalis departed from Ripple, leaving a considerable gap in its engineering leadership. By the end of 2025, he joined the Algorand Foundation as Chief Technology Officer, transitioning to another major blockchain platform.
Mini dictionary: Algorand Foundation, a nonprofit organization that supports the growth and development of the Algorand blockchain, which is known for its scalable, secure, and decentralized protocol designed for real-world financial applications and smart contracts.
Schwartz’s ongoing involvement and ironic remarksFollowing his retirement, Schwartz continued to support Ripple in a limited advisory capacity as CTO Emeritus, offering guidance on major releases such as the June 2026 XRPL version 3.2.0 update. After 13 years of deep technical engagement, his transition marked a significant change for the Ripple development team.
Recently, Schwartz’s statement about returning to work only for Bougalis drew attention in the crypto world. Despite strong professional ties, both specialists are now associated with distinct and competitive blockchain ecosystems, making a practical reunion unlikely, but demonstrating mutual professional respect.
Schwartz’s tweet recognized Bougalis not just as a former colleague, but as one of the few individuals in the field for whom he would consider emerging from retirement—a clear sign of admiration and acknowledgment in an industry often driven by rivalry.
Schwartz is also known for his ironic social media presence. In one example from January, he humorously suggested that XRP’s 20% price surge was a direct consequence of his own retirement. His recent comment regarding Bougalis, however, offered a rare moment of sincerity, showing just how influential Bougalis’ presence remains for him.
The prospect of reunion remains hypotheticalWith Bougalis now overseeing technology development at the Algorand Foundation and Schwartz playing an advisory role at Ripple, any partnership appears merely hypothetical. However, the public recognition highlights how rare and valued their professional collaboration was during their years at Ripple.
PersonCurrent RoleBlockchain EcosystemDavid SchwartzCTO Emeritus, AdvisorRipple / XRP LedgerNik BougalisChief Technology OfficerAlgorand FoundationAlthough Schwartz’s remarks appear partly in jest, his willingness to return is reserved exclusively for the opportunity to collaborate again with Bougalis, underscoring the lasting impact of their partnership within the evolving crypto space.
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.
According to the H1 2026 India Crypto Trends Report by WazirX, crypto deposits consistently exceeded withdrawals by 2–6 times during the first half of 2026, while withdrawal requests declined by nearly 55%, indicating improved investor conviction and longer-term participation.
The report also paints a clear picture of today's Indian crypto investor. The average WazirX user is a 34-year-old working professional from a non-metro city, with more than 82% of verified users coming from non-metros. Millennials remain the primary growth engine, with 50.8% of users aged between 25 and 34, while nearly 80% fall within the 25–44 age group, reinforcing the growing appeal of crypto among India's working population.
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Nearly 95% of all post-restart traders were returning users, while one in seven returning traders added fresh capital, signalling renewed investor confidence rather than merely managing existing holdings.
The report highlights a remarkable resurgence in investor confidence following the platform's restart, with existing users driving market recovery while newer products such as Futures and WazirX Zero witnessed strong adoption.
Product adoption accelerated significantly during the period. WazirX Zero subscribers traded nearly twice the monthly volume of pay-per-trade users, recorded a 13% higher trading frequency, and demonstrated more than five times higher repeat engagement, highlighting the benefits of a fixed-fee trading model.
Meanwhile, Futures emerged as one of the platform's fastest-growing offerings, with trading value rising 300% between March and June. More than 93% of Futures users also remained active Spot traders, reflecting deeper ecosystem engagement.
Trading behaviour throughout H1 reflected a maturing market. Stablecoins accounted for 38.5% of trading volume, serving as the preferred liquidity gateway, while Bitcoin, Ethereum and Layer-1 assets contributed 28.4% of overall volume.
At the same time, meme coins attracted the largest number of unique traders, underscoring continued retail interest in emerging narratives. As market confidence improved through Q2, investor participation broadened into sectors such as AI, DeFi, gaming, Layer-2s and real-world assets.
Beyond trading activity, the report highlights WazirX's continued focus on rebuilding trust and strengthening platform security. During H1, the company completed the issuance of Recovery Tokens to all eligible users within the court-approved timeline. It also integrated Fireblocks' digital asset infrastructure to further enhance platform security alongside BitGo, launched the Guardians of Trust initiative to promote transparency and user education, and introduced Taxlyst, a free crypto tax reporting platform for Indian users.
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"The first half of 2026 marked an important phase in rebuilding WazirX. At the start of the year, we set ourselves a clear objective: make customer delight our default. For us, customer delight means looking at every decision from the user’s side. This principle shaped how we improved our product, supported users and delivered the commitments made during our restart,” said Nischal Shetty, Founder, WazirX.
For our users, we are working hard to become a platform that works consistently, communicates transparently and delivers on its commitments, Shetty added.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions at [email protected] along with your age, risk profile, and Twitter handle.
Market expectations of an imminent US Federal Reserve interest rate hike have driven Brent crude futures to surge to $100 per barrel, with the yield on 10-year US Treasury notes hitting a year-to-date high.
According to Bitget market data, Brent crude futures have surged to $100 per barrel, marking the first time since the end of May. The rally is driven by the threat of escalating conflict with Iran, which has pushed US Treasury yields to their year-to-date highs. Markets now expect the Federal Reserve could raise interest rates as early as next week. The 2-year Treasury yield, highly sensitive to Fed policy expectations, rose around 4 basis points on Thursday to approximately 4.34%, hitting its highest level since early 2025. The 10-year Treasury yield touched a year-to-date high of 4.712%, while the 30-year yield climbed to 5.19%, slightly below its peak level since 2007. As Houthi militants claimed their first attack on commercial vessels in recent months, Brent crude prices are slowly rebounding to $100 per barrel. This ongoing rally has continued to pressure the US Treasury market, leading traders to increasingly believe that the Federal Reserve led by Wash will raise rates soon this year.
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AI giant Anthropic is considering a relatively rare post-IPO arrangement that would require regular employees to sell their shares via a pre-set trading plan to avoid violating insider trading regulations. The company plans to use the 10b5-1 trading framework, which involves pre-defining the timing and volume of share sales and executing them according to the established schedule. Typically, such plans are primarily applicable to company executives, directors, and select finance and legal personnel. If Anthropic ultimately implements this, expanding the program to regular employees would be a relatively uncommon practice.
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Fed Mouthpiece: July FOMC Interest Rate Decision Outcome Remains Unpredictable, Oil Price Rebound and Tariff Risks Reignite Inflation Concerns
Nick Timiraos, a Wall Street Journal reporter widely known as the "Fed’s mouthpiece," said the Federal Reserve’s July 28-29 policy meeting will be one of the most unpredictable in recent years. Resurgent oil prices, rising risks tied to U.S. tariff policies, and some officials’ public shift toward supporting interest rate hikes are challenging the consensus for keeping rates steady. Data from the CME Group shows market expectations for a July rate hike have risen from roughly 10% last weekend to around one-third. The Fed’s 18 officials already hold clear divisions on whether additional rate increases are needed this year: half project at least a 25 basis point hike, while the other half see no need for adjustments. New Chair Wash has deliberately remained silent since taking office, refusing to provide forward guidance, leaving investors to guess policy directions blindly from remarks by other Fed officials.
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CZ posts tribute to Arthur Hayes, expressing regret over BitMEX's shutdown, noting that the exchange pioneered 100x leverage crypto contracts as early as 2014.
Binance founder CZ has published a post paying tribute to BitMEX founder Arthur Hayes, expressing regret over BitMEX’s shutdown. Here are some of his thoughts: BitMEX was the first platform to launch 100x cryptocurrency trading as early as 2014. Delivery futures had already existed prior to that, leading to extremely high trading volumes on Fridays. BitMEX only accepted Bitcoin deposits, supported a single blockchain, allowed only one withdrawal per day, and required all withdrawals to be processed via a multi-signature wallet. These seemingly inconvenient restrictions actually helped the platform avoid hacker attacks. After 18 months of legal proceedings, the four founders ultimately pleaded guilty to violating the Bank Secrecy Act (BSA) one month before their trial. Each was fined $10 million and placed under house arrest; none were imprisoned. However, their business ultimately failed to survive the Biden administration’s so-called "crypto war". Finally, BitMEX’s liquidation process appeared orderly, enabling users to withdraw their assets. A tribute to Arthur Hayes.
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Ethereum fell below $1,900, down 1.3% in 24 hours.
According to HTX market data, Ethereum has fallen below $1900, with a 1.3% drop in the past 24 hours.
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Bitcoin drops below $65,000, logging a 0.8% decline over the past 24 hours.
According to HTX market data, Bitcoin has fallen below $65,000, posting a 0.8% drop in the past 24 hours.
Pons has unveiled its V2 upgrade plan, introducing an ETH-based bonding curve, Uniswap V4 integration, creator payouts in ETH, and support for tokenized real-world asset trading pairs as Robinhood Chain’s competition among token launchpads continues to intensify.
Summary
Pons has announced its V2 upgrade with an ETH based bonding curve, Uniswap V4 integration, and creator payouts in ETH. The update will support custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD while removing trading restrictions for regular wallets. The release comes as Robinhood Chain’s launchpad market continues to evolve after Noxa’s exit and growing competition among rival platforms. According to an announcement published by the Pons team, the update is scheduled for next week and will redesign how tokens launch, trade, and transition into decentralized liquidity pools on Robinhood Chain. The team said the contracts are still undergoing audits with two partners, meaning every feature remains subject to change until deployment.
Pons said the latest version was shaped by user feedback gathered during the platform’s first weeks of operation. The team also said it had stabilized the protocol with infrastructure partners after dealing with several attacks following its launch and plans to continue building products for Robinhood Chain traders.
Bonding curve and new trading model One of the biggest changes in Pons V2 is the replacement of its previous launch model with an ETH-denominated bonding curve.
The team said trading restrictions will remain configurable only for developer wallets while all other wallets will be able to trade freely. According to Pons, the change is intended to eliminate failed transactions experienced by third-party trading applications under the earlier version.
Developers will also be able to launch tokens against custom trading pairs instead of ETH alone. The announcement listed assets including USDG, NVDA, AAPL, and HOOD as examples, allowing deployers to create markets tied to tokenized real-world assets or other supported tokens.
The expansion comes as Robinhood Chain continues building infrastructure around tokenized financial products. As crypto.news previously reported, Robinhood has already introduced transferable stock tokens backed one-for-one by underlying shares while positioning the Ethereum Layer 2 network as infrastructure for tokenized securities and decentralized finance.
Earlier this week, a FalconX research primer found that Robinhood Chain had accumulated approximately $431 million in total value locked, nearly $400 million in stablecoin market capitalization, and close to $9 billion in cumulative decentralized exchange volume within three weeks of launch. The report also found that more than 80% of decentralized exchange activity still comes from memecoin trading despite the network’s long-term focus on tokenized assets.
New fee structure and automatic graduation Pons also plans to redesign how creators and the protocol collect fees.
According to the announcement, V2 will use Uniswap V4 pools and Hooks so creators receive payouts in ETH by default instead of accumulating fees in the launched token. The protocol said fee conversion will occur within the liquidity pool, allowing creators to avoid receiving small balances of memecoins that might otherwise be sold on the open market.
Deployers seeking exposure to their own tokens will need to purchase them through the market like other participants rather than receiving them automatically through protocol mechanics.
Liquidity migration has also been redesigned. Instead of launching directly into Uniswap V3 pools, new tokens will remain on the bonding curve until reaching 4.2 ETH, the same graduation threshold used previously.
Once that level is reached, the protocol said an automated two-step process will transfer liquidity into a permanently locked full-range Uniswap V4 position. If a token is paired with an asset other than ETH, the accumulated ETH will first be swapped into the selected quote asset before the liquidity pool is created.
According to the team, permanently locking the resulting liquidity position is intended to prevent liquidity from being withdrawn after graduation.
Creator payouts and governance features Alongside ETH payouts, Pons said creators will have the option at deployment to receive protocol fees in another supported asset, including stablecoins or tokenized real-world assets such as USDG.
The team said the feature allows deployers to receive more predictable payouts or gain exposure to different assets instead of relying entirely on their token’s market performance.
Governance tools are also being updated. Pons said V2 will introduce a CTO feature protected by a three-day timelock after an oversight in the V1 contracts prevented protocol administrators from changing the fee recipient. According to the announcement, the delay is intended to give communities advance notice and time to react if a malicious attempt is made to take control of a project.
Another planned addition is an optional transaction tax applied to token purchases and sales. The protocol said integration partners could use the collected fees for yield generation or other holder incentives through reflection-style token models.
Competition grows after Noxa’s exit The update arrives as Robinhood Chain’s launchpad market continues to evolve following the departure of its earliest market leader.
As crypto.news previously reported, Noxa halted new token launches on July 11 after generating more than $12 million in protocol fees and supporting over 60,000 token launches, accounting for roughly 75% of all deployments on Robinhood Chain. The platform later became unavailable before announcing that future trading fees would be redirected entirely to token creators.
Noxa’s shutdown was followed by declines in several of the chain’s most actively traded memecoins, including CASHCAT, while rival launchpads such as flap.sh, trensh.today, bankr, and Pons began competing for displaced activity.
Although Robinhood Chain has continued attracting users and liquidity, FalconX said speculative memecoin trading remains the network’s largest source of decentralized exchange volume. The addition of custom RWA trading pairs alongside updated memecoin launch mechanics positions Pons to participate in both areas of the ecosystem as Robinhood Chain expands its on-chain financial products.
The Pons team said the V2 contracts are expected to be deployed next week after ongoing audits are completed, with token launches initially taking place through the platform’s ponsfamily.com domain.
$PONS Token Rallies as Platform Volume Explodes@ponsdotfamily, the token launchpad built natively on Robinhood Chain, has become one of the most closely watched projects in the Robinhood ecosystem after its $PONS token posted a near-300% gain over the past seven days, according to CoinGecko data. The move tracks a sharp rise in platform activity, with the protocol crossing nine figures in cumulative trading volume within just 96 hours of launch.
Pons has led the Robinhood Chain launchpad space with a 52.1% share of trading volume over two days, averaging $45 million daily. That dominance has fed directly into token sentiment. Market confidence in Pons has propelled $PONS to a market cap of $24 million, up from roughly $4 million.
On July 21, the token briefly reached a $39 million market cap after Robinhood CEO Vlad Tenev highlighted Pons founder MEADGod on social media. The attention brought a fresh wave of buyers. According to GMGN monitoring, the market cap of Robinhood Chain ecosystem token PONS briefly exceeded $39 million, hitting an all-time high, before settling at around $34 million, up 110% in 24 hours, with trading volume of approximately $10 million in the same period.
How Pons Works and What Sets It Apart Pons is a permissionless, non-custodial token launchpad built exclusively for Robinhood Chain. Tokens launch directly into Uniswap V3 and are quoted against WETH only. From creation, each token goes directly into a Uniswap V3 pool denominated in WETH, with the liquidity position automatically locked so all buying and selling occurs within that single pool.
Traders have been drawn to Pons not as a simple meme coin play, but as a platform token tied to the launch and trading activity of new tokens on the chain. The team has since announced a V2 upgrade featuring an ETH-based bonding curve, Uniswap V4 integration, and creator payouts in ETH, with support for custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD.
Within five days of launch, Pons had completed over 53,000 token launches, with cumulative trading volume exceeding $300 million, protocol revenue over $340,000, and approximately $2.65 million in fees distributed to creators.
Despite the momentum, analysts and platform documentation caution that $PONS remains a highly speculative asset. PONS and other Robinhood Chain launchpad tokens are highly speculative, with prices that can move rapidly, potentially thin liquidity, and market-cap figures that may differ across data providers.
Key Takeaways NEAR Intents platform has facilitated more than $23 billion in cross-chain transaction volume spanning 30+ blockchain networks Compared to major competitors like Ethereum, Solana, and BNB Chain, NEAR’s DeFi ecosystem remains underdeveloped Token inflation has been reduced significantly from 5% annually to approximately 2.5% Daily fee generation remains minimal, placing token valuation dependency on speculative future adoption Disconnect exists between product ecosystem expansion and actual NEAR token value accrual NEAR Protocol operates as a proof-of-stake blockchain network designed to support smart contract functionality and decentralized applications. The project was co-founded by Illia Polosukhin and Alexander Skidanov, engineers with extensive experience in artificial intelligence and distributed computing systems.
NEAR Price Currently, the platform emphasizes “chain abstraction” as its primary strategic direction. This approach aims to enable seamless multi-blockchain interactions for users without requiring them to navigate bridges, manage multiple gas tokens, or operate different wallet infrastructures. NEAR’s technology manages these complexities behind the scenes.
This strategic positioning provides NEAR with more distinctive market differentiation compared to numerous Layer 1 competitors that primarily emphasize transaction throughput or cost efficiency.
The TD Sequential called the last move on $NEAR.
A sell signal on July 21 was followed by an 8.34% decline. Now, the indicator has flipped to a buy signal, pointing to a potential rebound. pic.twitter.com/VK5bffMLaL
— Ali Charts (@alicharts) July 23, 2026
The most compelling element of NEAR’s current ecosystem is the NEAR Intents functionality. This system allows users to specify desired transaction outcomes — such as exchanging an Ethereum-based token for a Solana asset — while market makers competitively execute the transaction to deliver optimal pricing.
According to official data, the Intents platform has processed over $23 billion in cumulative transaction volume. The infrastructure operates across more than 30 different blockchain networks, facilitates trades for over 100 digital assets, and integrates with leading cryptocurrency wallets and platforms.
These metrics demonstrate genuine product adoption, which stands out favorably in a cryptocurrency landscape where numerous projects remain largely theoretical.
Fee Generation Remains Disproportionate to Market Valuation NEAR’s primary blockchain infrastructure handles several hundred thousand transactions each day and maintains tens of thousands of daily active participants. However, its decentralized finance ecosystem significantly trails behind Ethereum, Solana, and BNB Chain in size and activity.
Both total value locked in DeFi protocols and stablecoin circulation on NEAR represent only a minor percentage of the network’s multi-billion dollar market capitalization. Additionally, daily transaction fee revenue remains minimal, indicating that current token pricing reflects primarily speculative expectations about future expansion rather than present economic activity.
While this pattern is typical among emerging blockchain platforms, it establishes a high bar for NEAR to demonstrate sustained value creation.
From a tokenomics perspective, NEAR has implemented meaningful improvements. The annual token emission rate has decreased from 5% to roughly 2.5% of circulating supply. Additionally, a percentage of network fees undergoes burning, creating a deflationary mechanism to counterbalance inflation.
However, current fee generation volumes remain insufficient for the burning mechanism to create substantial deflationary pressure. Token holders who choose not to stake their assets experience gradual dilution as newly minted tokens enter the circulating supply.
Understanding the Value Accrual Problem The fundamental concern facing NEAR investors is whether ecosystem expansion will translate into increased token demand.
The NEAR Intents platform can continue expanding without necessarily generating proportional NEAR token demand. Transaction fees on the NEAR network are intentionally minimal, and revenues from other services may flow to ecosystem partners, liquidity providers, or development funds rather than directly benefiting token holders.
This structure creates a potential misalignment between product market success and token appreciation. The investment thesis would strengthen considerably if revenue mechanisms were redesigned to channel more value toward NEAR token buybacks, burning programs, or staking rewards through transparent and systematic processes.
The current situation presents a paradox: NEAR facilitates $23 billion in cross-chain transaction volume through its Intents infrastructure while its DeFi total value locked remains a small fraction of its overall market capitalization.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Trading activity on NEAR Protocol has sharply decreased, with major exchanges seeing a 36% decline in 24-hour spot volume. Spot trading volume has decreased to about $39 million, according to CoinGlass data, but futures volume is still significantly higher at about $302 million. The drop occurs as NEAR has been trading sideways for a few weeks and is having trouble gaining new momentum.
Near surges above $3The decline in spot activity indicates that, in the wake of the explosive rally that propelled NEAR above $3 earlier this year, many traders may have moved to the sidelines. Since then, speculative interest has cooled and volatility has gradually decreased as the asset has entered a protracted consolidation phase.
NEAR/USDT Chart by TradingViewThis pattern is supported by exchange-specific data. Over the last 24 hours, spot volume on Binance, the biggest market for NEAR, has decreased by more than 30%, while drops of more than 38% have been reported by OKX and Bybit. KuCoin saw an even more dramatic decline of almost 57%, suggesting that the slowdown is not limited to a single venue. It is worth noting that, despite lower spot demand, derivatives positioning remains generally positive.
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Major exchanges' long/short ratios are still favoring bulls, and the top traders on Binance continue to hold more long than short positions. Additionally, liquidation data indicates that long positions accounted for the majority of forced closures over the last 24 hours, indicating that bullish traders absorbed most of the recent volatility rather than a wave of aggressive short selling.
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Technically speaking, NEAR is at a critical juncture. Right now, the asset is trading close to $1.89, which is just above its 200-day moving average. Between buyers and sellers, this level has become a significant battleground. The price is still below the 50-day moving average, but it is still above longer-term support, which keeps the overall structure from turning clearly bearish.
Momentum isn't balanced The picture presented by momentum indicators is neutral. With neither buyers nor sellers having a distinct advantage, the Relative Strength Index is at about 48, indicating balanced market conditions. In line with the general decline in trading activity, volume has also decreased throughout July.
The psychological $2 level, where the 50-day moving average likewise converges, continues to be the immediate resistance. Bullish momentum could be revived and sidelined capital could be drawn back into the market with a strong move above that area. On the other hand, NEAR may be exposed to a deeper retracement towards the $1.70-$1.75 range if support around the 200-day moving average is lost.
As of right now, the decline in trading volume appears to be more indicative of waning speculative activity than of outright panic selling. NEAR is likely to remain stuck in its current consolidation phase unless volume starts to rise alongside a breakout above key resistance.
Tokenized real world assets crossed ~$30B onchain this month, and the fastest moving corner is tokenized stocks: real US equities you can trade from a wallet, anywhere in the world, any time. No brokerage account, no market hours.
And a leading onchain venue to trade them? Hint: You're already here.
🌐 What Are RWAs? Real world assets (RWAs) are traditional financial assets - stocks, bonds, U.S. Treasuries, ETFs, commodities - issued as tokens on a blockchain, typically backed 1:1 by the real asset held with a custodian.The asset stays real; only the wrapper changes. That wrapper is the focus: it moves assets that normally live behind brokers, banks, and business hours onto open rails where anyone can hold, transfer, and trade them onchain.
Here's the full menu at PancakeSwap across BNB Chain, Ethereum, Robinhood Chain, and Solana:
RWA CategoryWhat It IsIssuersExamplesTokenized stocksReal U.S. equities, onchain - deep dive belowbStocks, Ondo, xStocks, RobinhoodTSLAB, NVDAB, CRCLBTokenized ETFsOnchain exposure to index and sector fundsOndo, xStocksS&P 500 ETFTokenized bonds & TreasuriesU.S. government debt exposure, onchainOndo Global MarketsTMUSon, USOonTokenized goldCommodity exposure, onchainTether GoldXAUT (Full asset lists live with each issuer)
Tokenized Stocks in 60 Seconds A tokenized stock is a token backed by or tracking a real share - in most cases held 1:1 with a licensed custodian, so one tokenized Tesla means one real Tesla share in reserve. On BNB Chain they're standard BEP-20 tokens - self-custodied, freely transferable, and composable across DeFi - and you can trade them on PancakeSwap across Ethereum, Solana, and Robinhood Chain too.
Why they exist: traditional stock investing is gated by geography - paperwork, minimums and FX fees. Tokenized stocks make that access borderless. A wallet and some stablecoins is the entire onboarding.
How they get their price: two mechanisms keep tokens glued to the real stock. Mint / redeem arbitrage against the underlying reserves anchors the peg, while Chainlink's tokenized equity feeds aggregate prices from multiple premium data providers into a tamper-resistant onchain reference — corporate actions like splits and dividends included. Backing is verifiable too: check Binance's Proof of Collateral, xStocks, and Ondo's docs.
🥞 PancakeSwap’s Tokenized Stocks Terminal: Four Issuers, One Venue PancakeSwap's Tokenized Stocks Terminal is the single onchain venue where every major tokenized stock issuer lives side by side - 1000+ assets across four issuers, with more listing regularly:
bStocks: the flagship of the menu. 40+ tokenized U.S. securities issued via Binance and backed 1:1 by real shares you can verify yourself, any time, on the live Proof of Collateral page Best of all: you keep earning dividends on the underlying stock, collected directly in your token balance - the only issuer on the menu that offers this.
Ondo: 400+ tokenized U.S. stocks, ETFs, and bonds (AAPLon, AMZNon, TSLAon). xStocks: 500+ tokenized equities and ETFs powered by Backed, including the S&P 500 ETF, tradeable from just $10. Robinhood: 90+ Stock Tokens linked to companies and ETFs including Nvidia, Google, Apple, and the Invesco QQQ, live on Robinhood Chain and tradeable through PancakeSwap 24/7 across 120+ countries. Trade on PancakeSwap: One Stop Shop for RWAs This is the real edge:
Gasless trading - trades executed through PancakeSwapX cost you nothing in gas. Better pricing by design - orders are filled through open competition between market makers, so you get the best quote, not the only quote. Built for a crosschain future - PancakeSwapX is an intent-based solution, meaning your RWA trades won't stay boxed into one chain long term. The widest issuer menu - bStocks, Ondo, xStocks and Robinhood side by side, plus Colb for pre-IPO exposure, all in one venue. A true terminal, not just a swap page - real stock market data, onchain data and company fundamentals in one view, so you can research before you trade, with issuer comparison now live. Near instant settlement instead of T+1. Full self custody - tokens sit in your wallet, not a broker's ledger. Composability - your tokenized stocks are DeFi building blocks - with bStocks, earning dividends the whole time. Tokenized asset volume on PancakeSwap has already crossed $1B cumulative, and it's still early.
How to Use PancakeSwap’s Tokenized Stock Terminal Open the Terminal. Go to https://pancakeswap.finance/stocks or click "Stocks" in the navigation bar.
Browse the market. Live prices and charts for every listed asset. Filter by issuer: bStocks, Ondo, xStocks or Robinhood — using the category selector under the search bar, or search a ticker directly. When you search a ticker directly, you can see price options by multiple issuers in the swap interface. Select one offering the best price.
Connect your wallet. Any BNB Chain-compatible wallet works; hold USDT or USDC to trade with.
Swap. Pick your stock, enter the amount, confirm. Settlement lands in seconds, tokens go straight to your wallet.
Check under ‘My Positions’ to see your holdings.
You can now hold, trade anytime, or deploy across DeFi as integrations expand.
And the menu never stops growing.
Fresh out of the Kitchen on bStocks: TSMC (TSMB), Broadcom (AVGOB), Nokia (NOKB), IBM (IBMB), Alibaba ($BABAB), Rocket Lab (RKLBB) and more are some of the most recent additions with fresh bstocks landing regularly. Keep an eye on the Terminal; your next favorite stock might already be there.
Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.
Stack'em, The Chefs 🥞
Disclaimer: Tokenized stocks are not available in all regions and are subject to issuer eligibility requirements (see PancakeSwap region list). Trading involves risk, including possible loss of value. Nothing here is financial, investment, or legal advice, do your own research.
JIMOTHY Sets a New All-Time HighThe Solana memecoin known as JIMOTHY (solana:Ge87EtsjwRQbHaqQmKRno69RFTwh9bfSsm99XNxTpump) surged 36% over the past 24 hours, pushing its price to a new all-time high of $0.044. The token's market cap briefly climbed to $44.6 million as the Jimothy rally entered a fresh phase, driven by widening mainstream attention.
The token is named after a real raccoon living in Seattle's Ballard neighborhood. The animal, which appears to have short spine syndrome, went viral in mid-July 2026 after local resident Kiana Hall filmed it near a Goodwill store. Anonymous developers launched the token on Pumpfun within days of the original video spreading online, and it quickly filled its bonding curve before graduating to PumpSwap, where it now trades against SOL on Solana decentralized exchanges.
Brand Accounts Pour Fuel on the FireThe latest leg higher has been partly credited to social media posts from major consumer brands. Pizza Hut, Burger King, Mountain Dew, and others joined the Jimothy conversation online, amplifying the trend well beyond crypto-native audiences and drawing a fresh wave of retail interest to the token.
This follows an already remarkable run. According to BeInCrypto, JIMOTHY jumped 186% in a single 24-hour window earlier in the rally cycle, with trading volume topping $36 million during its busiest stretch. The broader cultural moment has also extended offline: Seattle's city council is reported to have planned a formal "Jimothy Summer" proclamation for July 26, 2026, giving the meme an unusual degree of civic legitimacy.
Still, analysts caution that attention-driven tokens carry significant risk. The token has no whitepaper and no official connection to the raccoon or the city. Its price moves on narrative alone, and most Pumpfun launches lose the bulk of their value within days of peaking. Traders should weigh the momentum against the well-documented volatility of viral meme coins before taking a position.
Sources:
BeInCrypto via Yahoo Finance: Jimothy The Raccoon Solana Token Climbs 186% After Viral Meme Fame
Phemex: What Is Jimothy the Raccoon (JIMOTHY) Meme Coin
CryptoNews.net: What Is Jimothy Memecoin?
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The total value of tokenized equity on the Solana blockchain has reached a new milestone, surpassing $500 million and setting an all-time high. This development highlights the growing adoption and integration of tokenized equities within the Solana ecosystem. The rapid expansion of this market underscores Solana’s dominant position in the realm of on-chain finance, particularly in tokenized assets. The broader real-world asset market on Solana has also experienced significant growth, with tokenized equities representing a substantial portion of the total volume.
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The increase in tokenized equity value is reflective of Solana’s strengthening position in the decentralized finance landscape. Solana has been reported to control a substantial majority of tokenized stock transactions across various blockchain platforms. This surge in tokenized equity value comes amid Solana’s continuous efforts to enhance its network capabilities and expand its reach in the financial markets.
Key Takeaways The record-setting value of tokenized equity on Solana suggests increasing interest and investment in the platform’s ecosystem. Solana commands a significant share of tokenized stock transactions, reinforcing its competitive position in the on-chain finance sector. The expansion of Solana’s tokenized asset market may indicate further growth potential in the real-world assets segment. What to Watch Observers will focus on Solana’s continued ability to attract and retain investment in tokenized equities, as further increases could support scenarios where Solana’s price approaches or exceeds $90 in July. Developments such as regulatory changes, technological upgrades, or partnerships that enhance Solana’s market infrastructure could influence market perceptions. Market participants will also be monitoring broader financial and economic conditions, as these external factors could impact Solana’s market dynamics and future pricing scenarios.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 19.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Quick Overview While XRP commands a larger market capitalization at approximately $69B compared to Solana’s $45B, Solana demonstrates significantly broader onchain utility With roughly 38 billion tokens yet to enter circulation, XRP faces a fully diluted valuation approaching $111B By May, Solana’s network hosted over $2.8B in real-world assets alongside approximately $16.4B in stablecoin liquidity Galaxy Digital received $50M in commercial paper from J.P. Morgan directly on Solana’s blockchain using USDC settlement XRP Ledger hosted a collaborative pilot involving Ripple, J.P. Morgan’s Kinexys platform, Mastercard, and Ondo Finance centered on tokenized Treasury products Among the largest digital assets beyond Bitcoin and Ethereum, XRP and Solana stand out as major players drawing significant institutional attention. Despite their prominence, these networks serve fundamentally distinct purposes in the crypto landscape.
XRP functions primarily as a cross-border payment solution and settlement layer for financial institutions. Conversely, Solana operates as a comprehensive blockchain platform enabling decentralized trading venues, digital dollar infrastructure, asset tokenization protocols, and mainstream applications.
Market Capitalization Analysis Currently, XRP maintains a market capitalization hovering around $69 billion, while Solana registers approximately $45 billion. From this perspective, XRP appears to command greater market recognition.
However, examining fully diluted valuations reveals a more nuanced picture. XRP’s FDV extends to roughly $111 billion due to approximately 38 billion tokens remaining outside active circulation. In contrast, Solana has approximately 583 million of its 631 million maximum token supply already in circulation, resulting in minimal FDV divergence from current market cap.
This positioning provides Solana with a more transparent valuation framework. While XRP doesn’t face traditional inflation mechanisms—all 100 billion tokens were created at genesis—the substantial locked supply presents ongoing dilution considerations for investors.
Corporate and Banking Partnerships Recent months have witnessed both blockchain networks securing meaningful institutional engagement.
Ripple collaborated with J.P. Morgan’s Kinexys infrastructure, alongside Mastercard and Ondo Finance, executing a proof-of-concept demonstrating accelerated redemption processes for tokenized U.S. Treasury instruments on the XRP Ledger. Notably, portions of the settlement workflow still required conventional banking channels.
For Solana, J.P. Morgan facilitated a $50 million commercial paper issuance for Galaxy Digital executed entirely on-chain. Coinbase and Franklin Templeton served as purchasing entities. The entire transaction lifecycle—issuance through redemption—occurred on Solana using USDC stablecoin infrastructure.
Additionally, data from the Solana Foundation indicates the network captured 97% of all cumulative on-chain tokenized equity trading volume.
Platform Development and Investment Considerations May ecosystem metrics for Solana revealed real-world asset values exceeding $2.8 billion, complemented by stablecoin reserves totaling approximately $16.4 billion.
XRP’s competitive advantage lies in its specialized application focus. Payment rails, international money transfers, and institutional settlement represent clear, well-defined value propositions. Ripple has simultaneously diversified into custody services, stablecoin products, and tokenized financial instruments.
Solana presents higher volatility characteristics. Token value correlates directly with ongoing network usage, developer engagement, and stablecoin ecosystem expansion. Declining transaction activity could materially impact token demand fundamentals.
For risk-averse investors, XRP potentially delivers a more stable investment narrative. Its payment-centric positioning provides clarity, supported by a permanently capped token supply.
Investors comfortable with elevated volatility will find Solana offers multiple expanding growth vectors spanning stablecoins, tokenization infrastructure, and institutional financial applications. Additionally, Solana presents superior fully diluted valuation transparency alongside robust ecosystem development momentum as 2025 progresses.
XRP and Solana continue to dominate the digital asset sector, capturing attention from major financial institutions while serving noticeably different roles within the blockchain ecosystem.
Distinct purposes and market positionXRP operates mainly as a cross-border payments and settlement system, focusing on facilitating fast transfers for banks and financial entities. Managed by Ripple, a fintech company known for developing enterprise blockchain solutions, XRP aims to provide efficient global money movement for its clients.
Solana, meanwhile, functions as a versatile blockchain platform prioritizing high-speed decentralized applications (dApps), digital dollar infrastructure, asset tokenization, and mainstream adoption. The network is widely recognized for its rapid transaction throughput and broad application scope.
Currently, XRP holds a market capitalization of roughly $69 billion, ahead of Solana’s $45 billion. This margin implies greater market acknowledgment for XRP within the broader cryptocurrency space.
Differences in token supply and valuationA look at fully diluted valuation (FDV) illustrates a deeper contrast between the two assets. XRP’s FDV sits at around $111 billion because approximately 38 billion tokens remain outside active circulation. In comparison, Solana has already placed about 583 million of its total 631 million coins in circulation, leading to only a minor gap between its current market cap and FDV.
This fully circulating supply framework provides Solana with more transparent and predictable valuation metrics. Although XRP has a fixed supply of 100 billion tokens—created at the outset and not subject to ongoing inflation—the sizeable reserved supply still poses potential dilution risks for holders.
AssetMarket CapFully Diluted ValuationCirculating SupplyMax SupplyXRP$69 billion$111 billion~62 billion100 billionSolana$45 billion~$45 billion~583 million631 millionInstitutional partnerships and real-world adoptionBoth blockchains have drawn significant corporate and banking partnerships in recent months. Ripple joined forces with J.P. Morgan’s Kinexys platform, Mastercard, and Ondo Finance to run a proof-of-concept on the XRP Ledger. This project showcased swift redemption for tokenized US Treasury products, although some settlement steps still relied on traditional bank infrastructure.
J.P. Morgan also executed a $50 million commercial paper issuance for Galaxy Digital on Solana, with Coinbase and Franklin Templeton participating as buyers. Remarkably, the entire process—from creation to redemption—occurred on Solana’s blockchain, using USDC stablecoin technology.
Data provided by the Solana Foundation revealed that Solana captured 97% of all onchain tokenized equity trading volume, underlining growing institutional interest in the platform.
Mini dictionary: Galaxy Digital is a financial services firm specializing in digital assets, cryptocurrency investments, and blockchain technology.
Solana hosted over $2.8 billion in real-world assets by May, while its stablecoin liquidity reached approximately $16.4 billion, highlighting the breadth of its onchain financial activity.
Investor perspectives and risk factorsXRP offers stability rooted in its established use case as a platform for international payments and institutional settlements. Ripple has also branched into related areas, including custody, stablecoins, and tokenized finance, further broadening its appeal to the financial sector.
Solana, by contrast, presents more pronounced volatility. The token’s value remains closely tied to network usage, developer participation, and expansion in the stablecoin segment. Any downturn in transaction activity could directly affect demand and price performance.
XRP may appeal to conservative investors seeking a stable, payment-driven narrative, benefitting from permanently capped supply. Alternatively, Solana attracts those comfortable with risk and eager to capitalize on growth prospects in tokenization, stablecoins, and institutional blockchain integrations.
Investors evaluating long-term value in $SOL or $XRP must consider both tokens’ network activity, real-world partnerships, and supply dynamics as 2025 approaches.
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.
BancaStato Opens Crypto Trading Through Sygnum PartnershipBancaStato, the cantonal bank serving Switzerland's Italian-speaking Ticino region, has joined Sygnum's business-to-business (B2B) banking platform to offer crypto asset services. The integration allows BancaStato customers to buy, sell, and hold four crypto assets, including $BTC, $ETH, $LTC, and $SOL, through the bank's existing web and mobile banking apps.
Market orders can be entered by asset quantity or cash value, allowing customers to manage crypto positions alongside their traditional portfolios. BancaStato clients gain exposure to these assets through a regulated channel rather than a standalone exchange, and their holdings rest in Sygnum's custody rather than on the bank's own balance sheet.
A Streamlined Technical SetupThe integration connects Sygnum's API directly to Avaloq's platform, allowing customers to access crypto trading from their existing banking app. The setup also removes the need for a separate order management system, which the companies said reduces operational complexity and makes it easier to add new features.
According to Fritz Jost, Sygnum's chief B2B officer, BancaStato is the first bank using Avaloq's software-as-a-service platform to let customers buy, hold, and sell crypto assets through its e-banking platforms using Sygnum's API.
BancaStato joins more than 25 financial institutions using Sygnum's B2B platform to offer regulated digital asset services. Sygnum said its partner banks give more than a third of the Swiss population a route to own digital assets. The move also fits a broader trend among Swiss lenders. Zürcher Kantonalbank, the country's fourth-largest bank, has rolled out Bitcoin trading and custody, while St. Galler Kantonalbank opened Bitcoin buying and custody to retail clients.
Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU's Markets in Crypto-Assets Regulation, granted by Liechtenstein's Financial Market Authority.
Sources:
Cointelegraph: BancaStato Launches Bitcoin Trading With Sygnum
CryptoAdventure: BancaStato Adds Bitcoin, Ether, Litecoin And Solana Trading Through Sygnum
Service launch broadens Swiss banking access to regulated cryptocurrency products.
A Swiss cantonal financial institution, BancaStato, has introduced regulated digital currency trading capabilities within its banking applications by leveraging Sygnum’s cryptocurrency infrastructure alongside Avaloq’s banking technology. This new functionality enables account holders to purchase, store, and liquidate Bitcoin, Ethereum, Solana, and Litecoin directly through the bank’s current web and mobile interfaces. The implementation strengthens BancaStato’s digital investment portfolio while maintaining cryptocurrency services within its supervised banking framework.
Cryptocurrency Trading Embedded Within BancaStato’s Banking Infrastructure The integration was achieved by connecting Sygnum’s business-to-business application programming interface with BancaStato’s Avaloq core banking system. Account holders gain access to digital currency trading using the identical applications they currently utilize for traditional banking and investment activities. By incorporating digital assets directly into established services, the financial institution eliminated the necessity for a standalone trading interface.
Upon release, BancaStato provides trading capabilities for Bitcoin, Ethereum, Solana, and Litecoin. Account holders can place market orders denominated in either cryptocurrency units or corresponding U.S. dollar amounts. The bank maintains portfolio oversight within its established digital banking interface.
Sygnum processes all cryptocurrency transactions via its regulated infrastructure while delivering institutional-quality custody solutions. The custody architecture incorporates hardware security, software safeguards, governance protocols, and independent auditing. Furthermore, client digital assets are maintained separately from the institution’s balance sheet in accordance with regulatory mandates.
Digital Asset Services Extended Through Sygnum’s Banking Infrastructure This deployment positions BancaStato among over 25 financial institutions utilizing Sygnum’s business-to-business banking infrastructure. The implementation designates the bank as the inaugural institution on Avaloq’s software-as-a-service platform to activate Sygnum-facilitated crypto trading via direct API connectivity. This methodology diminishes operational intricacy by eliminating separate order management system requirements.
The streamlined architecture enables BancaStato to modify trading capabilities while preserving its existing banking infrastructure. The framework facilitates risk oversight without introducing supplementary operational tiers. Account holders administer conventional investments alongside digital assets through a unified banking relationship instead of disparate platforms.
Established in 1915, BancaStato provides financial services throughout the Canton of Ticino in southern Switzerland. The institution continues broadening its investment product range while preserving its regulated banking framework. The cryptocurrency integration incorporates digital assets without altering the customer interface across its digital channels.
Industry Context for BancaStato’s Digital Asset Integration Sygnum maintains its expansion of regulated digital asset infrastructure for financial institutions throughout Switzerland and broader Europe. Its collaborative network currently delivers digital asset access to over one-third of Switzerland’s population via affiliated banking institutions. Prior integrations encompass entities including PostFinance, Zuger Kantonalbank, Bordier & Cie, and SocGen FORGE.
The infrastructure has experienced consistent growth in recent years as conventional banks enhanced digital asset product offerings. Earlier implementations revealed significant demand from banking clientele utilizing integrated cryptocurrency services in conjunction with traditional financial instruments. PostFinance subsequently broadened its Sygnum-enabled service portfolio by introducing Ethereum staking capabilities through its established banking platforms.
The BancaStato deployment represents another significant achievement for Sygnum’s European activities. On June 30, 2026, Sygnum Europe obtained Crypto-Asset Service Provider authorization under the European Union’s Markets in Crypto-Assets Regulation via Liechtenstein’s Financial Market Authority. This regulatory approval enhances supervised digital asset services for banking institutions across the European Union while facilitating future growth through proven banking infrastructure.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Mubadala Capital has launched a tokenized version of one of its private markets strategies for qualified investors, using infrastructure from UAE-based tokenization firm KAIO.The fund, available on Coinbase’s Base network, Solana and Sui, has already attracted about $75 million in onchain assets, and Coinbase is taking exposure to it on its own balance sheet.Mubadala’s move adds to a growing wave of major asset managers embracing tokenized funds, as Wall Street projects trillions of dollars in tokenized securities and the UAE positions itself as a hub for tokenized finance.Mubadala Capital has brought one of its private markets investment funds onchain, making the asset management arm of Abu Dhabi's sovereign wealth fund one of the latest major financial firms to embrace tokenization.
The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its private markets strategies for qualified investors using infrastructure from KAIO, a UAE-based tokenization specialist.
The fund is available on Coinbase's Base network, Solana and Sui and has already attracted about $75 million in onchain assets, according to the companies.
Coinbase (COIN) is also taking exposure to the fund on its own balance sheet, an early example of a publicly traded crypto company investing in a tokenized private markets product. The companies didn't disclose the size of the investment.
The move adds Mubadala Capital, which administers over $430 billion in assets, to a growing list of major investment firms putting funds on blockchain rails. BlackRock, Franklin Templeton, Apollo, Fidelity, Janus Henderson and most recently Invesco have all launched or expanded tokenized fund offerings, mostly focused on U.S. Treasuries, money market funds and private credit.
Tokenization has become one of the fastest-growing corners of digital assets as traditional finance firms look to modernize fund infrastructure. Citi recently projected that tokenized securities could grow to roughly $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimate tokenized assets across all asset classes could reach $18.9 trillion by 2033.
Creating blockchain-based tokens of existing funds could help broaden access to a new set of investors and open the door for fund shares to be used as collateral or plugged into other onchain financial applications.
For this particular case, KAIO provides the infrastructure that issues and administers Mubadala Capital’s tokenized fund. The company said Mubadala joins firms including Hamilton Lane, Brevan Howard and Laser Digital that use its platform to distribute investment products onchain, and currently has $144 million in tokenized funds on its platform.
“This strategy was built on differentiated access — to deal flow, to co-investment, to a global network that most investors cannot reach on their own," Max Franzetti, head of Mubadala Capital Solutions, said in a statement. “Bringing it onchain extends that access to a new class of qualified investors without compromising the institutional discipline that defines how we invest.”
Brett Tejpaul, head of Coinbase Institutional, said that Coinbase adding the fund to its corporate balance sheet investment is a reflection of growing interest in regulated tokenized assets as treasury holdings. “As regulated assets become programmable, they can become part of a broader onchain economy that is more transparent, composable and accessible to qualified investors in eligible jurisdictions.”
The launch also fits into the UAE's broader ambition to become a hub for tokenized finance. Abu Dhabi and Dubai have emerged as some of the most active jurisdictions for digital assets, with regulators rolling out crypto frameworks while banks, sovereign-backed investors and financial firms increasingly experiment with tokenized funds, bonds and stablecoins.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
22 hours ago
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Solana has demonstrated resilience against both the U.S. dollar and Bitcoin, attracting attention from market analysts tracking two key bullish patterns developing on different timeframes. With support consolidating in the $74 to $76 region, technical observers believe Solana could target a move toward $94 if buying momentum continues to build.
SOL/BTC pair tests critical supportSolana’s performance against Bitcoin has become a focal point for traders seeking signs of relative strength. The SOL/BTC trading pair is currently positioned at a long-term support zone, a price area that once acted as resistance during 2021’s notable market cycle. This level has sparked speculation among analysts regarding a potential trend reversal.
CryptoCurb, a cryptocurrency market analyst, identified that the SOL/BTC pair may have established a price bottom. According to this view, the pair would need to maintain support around 0.0010 to 0.0012 BTC and break through its multiyear descending trendline. If SOL/BTC can reclaim 0.0015 BTC and then target 0.0020 BTC, it would signal an upward momentum shift in Solana’s favor.
CryptoCurb points out that holding key support near 0.0010 BTC, followed by a reclaim of higher levels, would provide evidence that Solana is regaining strength relative to Bitcoin.
Despite early bullish signals, the potential for a sustained rise remains speculative. A close below the critical support zone on the monthly chart would invalidate the bullish scenario and imply ongoing weakness compared to Bitcoin.
LevelSupport/ResistanceConfirmation0.0010–0.0012 BTCSupportHold signals potential bottom0.0015 BTCKey resistanceBreakout confirms momentum shift0.0020 BTCHigher resistanceFurther confirmation of reversal Mini dictionary: CryptoCurb is a pseudonymous market analyst known for technical analysis of major crypto assets, often focusing on trend reversals and support/resistance levels.
Short-term price setup remains bullishOn the shorter timeframe, Solana has managed to break out above a four-hour bull flag, a technical chart formation that suggests bullish continuation if confirmed. Analyst BATMAN highlighted that Solana has maintained its position above the 200-period exponential moving average (EMA), supporting a positive outlook for the immediate future.
The consolidation zone around $74 to $76, which includes the 200 EMA and the area where the previous breakout occurred, remains the primary support for Solana’s price. Maintaining this range could lead to new upward moves, with interim targets around $82 to $84 and a key resistance projection at the $94 level.
BATMAN emphasizes that as long as Solana retains support above its 200 EMA and key breakout zones, the bullish structure remains intact for a possible run toward $94.
However, the ongoing rally requires renewed buying activity. If Solana drops below the 200 EMA and loses support at $74, the bullish thesis may no longer hold, exposing the cryptocurrency to further downside toward $72 and $68.
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.
Europe concentrates more than two-thirds of block production on Solana, according to data released by Glassnode on July 22, 2026. Frankfurt dominates this geography and shows latency significantly lower than that of the US East Coast. Does this operational lead indicate a lasting regional dependency?
In Brief Glassnode measured 67% of Solana blocks produced in Europe during the epoch observed on July 22, 2026. The dashboard showed 68.5% of leader slots in Europe on July 23, including 25.9% in Frankfurt. The announced average latency reached 72 milliseconds from Frankfurt, compared to 140 milliseconds from the US East Coast. Europe Takes the Lead in Solana Block Production The Solana validator map is evolving quickly. After the decline in the number of Solana validators observed in recent years, their geographical deployment now offers another perspective on the network’s structure. On July 22, 2026, Glassnode indicated that Europe produced 67% of the blocks during the ongoing epoch.
In its July 22 publication, the analytics firm specifies that Solana assigns block production to a new leader every 1.6 seconds. This rapid rotation gives particular operational weight to zones that group a large share of selected validators and the associated stake.
“Solana entrusts block production to a new leader every 1.6 seconds. During this epoch, 67% of blocks are produced in Europe,” Glassnode stated.
The snapshot has evolved slightly since this announcement. Accessed on July 23 at 8:46 am, the Glassnode dashboard attributed 68.5% of the 432,000 leader slots from epoch 1006 to Europe, approximately 296,000 slots. North America followed with 20.4%, ahead of Asia at 10.5%.
Germany held first place with 26.7% of the slots, just ahead of the Netherlands at 21.5%. On the city scale, Frankfurt accounted for 25.9% of the total, Amsterdam 21%, and London 12.4%. These figures measure the distribution of production slots, not simply the raw number of machines.
Frankfurt Widens the Gap on Network Latency Proximity to leaders reduces the time required to transmit data to the network. Glassnode noted an average latency of 72 milliseconds from Frankfurt, compared to about 140 milliseconds from the US East Coast in its July 22 survey. The gap thus reached 68 milliseconds.
This difference mainly matters for actors sensitive to execution speed. Market makers, infrastructure operators, decentralized platforms, and some traders seek to accelerate the propagation of their transactions. A location closer to leaders can then improve connection regularity and limit routing delays.
The article shared by Bitget points out that ordinary users should barely notice this difference in their routine operations. However, a few tens of milliseconds can weigh more when several actors try to interact with the same block or execute an automated strategy.
Glassnode’s monitor measures QUIC exchanges with about 760 voting validators on the main network. It also tracks leader rotation and compares several connection points, including Amsterdam, Frankfurt, London, Dublin, New York, Tokyo, and Singapore. The tool thus transforms validator geography into exploitable data to choose a server location or adjust RPC routing.
Regional Dominance Does Not Prove Centralization European concentration describes the current epoch, but it does not alone prove network takeover. On Solana, the leader schedule changes across epochs and depends notably on stake.
Geographical distribution can therefore vary without the ownership of validators or governance shifting to a single region. The nuance remains important. A 68.5% indicator reveals strong operational concentration at a given moment.
However, it does not allow identifying node owners, their economic independence, or the diversity of their hosting providers. These elements must be cross-referenced before drawing a conclusion about Solana’s decentralization.
The data nonetheless highlights the role of major European hubs. Frankfurt, Amsterdam, and London accounted for 59.3% of leader slots displayed by Glassnode on July 23. This concentration can guide operator deployment choices but also invites the ecosystem to monitor its persistence from epoch to epoch.
For developers and institutions, the main takeaway remains practical. An application’s performance depends not only on the protocol or fees but also on routing quality, distance from active validators, and the infrastructure’s capacity to adapt to leader relocation.
In short, Glassnode’s figures place Europe at the operational center of Solana for the observed epoch, with Frankfurt at the forefront. Future leader rotation, stake evolution, and geographical diversification will show if this advantage settles. At the same time, the rise of tokenized assets on Solana increases network reliability demands and puts infrastructure in the spotlight.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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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Arsenal’s William Saliba will miss a significant chunk of the 2026-27 season after sustaining a back injury during France’s World Cup campaign. The club confirmed on July 23, 2026, that Saliba won’t need surgery, but rehabilitation starts immediately with reports suggesting a 4 to 5 month absence.
Saliba returned to Arsenal for specialized treatment after the World Cup, only for the club to reveal the extent of the damage. The club hasn’t provided a specific return date.
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Arsenal isn’t just a football club anymore. The Arsenal Fan Token, known as AFC, launched in August 2021 through Socios.com on the Chiliz blockchain. Bitpanda serves as the club’s official crypto trading partner.
Fan tokens allow holders to vote on minor club decisions and access exclusive content. They’re not equity. They don’t pay dividends. Their value tends to correlate, loosely, with fan sentiment.
No direct impact on AFC token valuations has been documented in the immediate aftermath of the Saliba announcement. Crypto markets, broadly, have remained stable around this news.
The entire fan token market remains relatively small compared to DeFi or Layer 1 ecosystems. Chiliz, the blockchain underpinning Socios.com, has carved out a niche but hasn’t broken into mainstream crypto consciousness the way Ethereum or Solana have. That means liquidity in tokens like AFC is thinner, and price movements can be more pronounced when sentiment shifts.
Transfer windows have historically been among the most active periods for fan token trading. Fan engagement metrics — including social media activity, app usage on Socios, and voting participation — are the closest thing fan tokens have to fundamentals.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum fell below $1,900, down 1.3% in 24 hours.
According to HTX market data, Ethereum has fallen below $1900, with a 1.3% drop in the past 24 hours.
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According to HTX market data, Bitcoin has fallen below $65,000, posting a 0.8% drop in the past 24 hours.
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US initial jobless claims for the week ended July 18 came in at 187,000, the lowest level since the week ending September 24, 2022. The consensus forecast was 212,000, while the prior week's figure was revised from 208,000 to 209,000.
Bitcoin financial products startup Lombard Finance (BARD) is launching a new product called the Bitcoin Onchain Credit Strategy with global trading firm Flow Traders (Euronext: FLOW) as a pilot partner.
The offering will enable Flow to borrow stablecoins for market-making without posting its own onchain collateral. Instead, bitcoin deposited into Lombard’s Bitcoin Earn yield product will act as the collateral coverage through an underwriting setup run on Cap’s private-credit platform, according to an announcement on Thursday.
"Liquidity providers like Flow Traders use stablecoin financing to efficiently support their digital asset trading operations," Global Head of Digital Assets at Flow Traders Michael Lie said. "Lombard’s Bitcoin Onchain Credit Strategy connects Bitcoin holders with institutional financing activity, driven by real institutional demand and less correlated to DeFi market conditions."
Bitcoin-Backed Stablecoin Borrowing Bitcoin Earn is Lombard’s bitcoin yield product designed to enable users to deposit tokens like LBTC, BTC.b, WBTC, or native BTC into a single vault, currently operated by professional managers Sentora and powered by Veda infrastructure, in exchange for BTCe receipt tokens, according to its documentation.
Bitcoin Earn operates as a so-called meta-vault, or fund-of-funds architecture, for bitcoin yield, where the Bitcoin Onchain Credit Strategy operates as just one allocation sitting inside it.
The vault has attracted over $1 billion in deposits from more than 38,500 users total, and compounds returns BTCe, and also can earn rewards paid in BARD tokens.
With the new Bitcoin Onchain Credit Strategy, Lombard depositors can now earn yield directly from the underwriting premiums Flow Traders pays, arguably offering a more stable return driven by real institutional demand over the typical DeFi setups on Aave, Morpho and others.
The announcement notes Cap’s automated marketplace for private credit “uses smart contracts rather than manual intervention to allocate access to capital,” helping to ensure “each loan is independently vouched for and guaranteed and allows for unique use cases such as Lombard’s Bitcoin Onchain Credit Strategy.”
The announcement notes Lombard has tapped Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure cross-chain deposits of BTC.b directly from Avalanche into an Ethereum vault.
Lombard is the provider behind Ledger’s "bitcoin yield" feature, and also provides infrastructure for Binance and Bybit. The startup acquired Avalanche’s bridged bitcoin asset and infrastructure BTC.b last October.
Founded in 2024, Lombard previously raised $17 million in seed funding led by Polychain Capital, with participation from Franklin Templeton, Bybit, YZi Labs (previously Binance Labs), and others.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Popular meme-coin collateral platform Purinta has confirmed it will soon launch a dedicated Shiba Inu market.
Once the feature goes live, users will be able to use their Shiba Inu holdings as collateral to borrow funds without selling their tokens. Announcing the development on X, Purinta stated:
“SHIB market coming soon to Purinta. Deposit, borrow, [and] keep your exposure.”
The announcement also featured a promotional banner reading, “Borrow Against SHIB. Coming Soon to Purinta,” indicating that the feature is currently under development.
Community Vote Secured SHIB’s Listing The decision to add SHIB came directly from the community. A few weeks ago, Purinta conducted a poll on X, asking its more than 25,900 followers to vote on the next meme coin the platform should support.
The results strongly favored Shiba Inu. Out of 396 votes cast, 67.9% supported SHIB, while 32.1% backed Floki. By declaring, “You voted. We listened,” Purinta made it clear that community demand, not an internal decision, determined the outcome.
Pick now!
— Purinta (@purintaxyz) July 7, 2026
After the SHIB market launches, users will be able to deposit their Shiba Inu tokens as collateral and borrow stablecoins such as USDC while retaining exposure to SHIB’s potential price appreciation.
This model allows holders to unlock liquidity without liquidating their positions. Instead of selling SHIB to raise capital, users can continue holding the token while borrowing against it through Purinta’s decentralized finance (DeFi) platform.
SHIB Becomes Purinta’s Fourth Meme Coin Collateral The upcoming integration expands Purinta’s meme coin-focused lending ecosystem, which is built on Morpho and powered by Api3DAO infrastructure.
Currently, the platform supports three meme coins as collateral, such as Pepe (PEPE), Cash Cat (CASHCAT), and SPX6900 (SPX).
With the addition of SHIB, Shiba Inu will become the fourth meme coin available for collateralized borrowing on the platform.
Shiba Inu’s DeFi Utility Continues to Expand Purinta’s integration further strengthens Shiba Inu’s role in decentralized finance by allowing holders to access liquidity without selling their SHIB holdings.
The platform joins a growing number of services that accept SHIB as collateral for stablecoin-backed loans, including CoinRabbit and Binance Loans. Additionally, the Shiba Inu ecosystem team has introduced Shib Finance, a product designed to provide a broader financial suite covering lending, borrowing, and savings.
Notably, Purinta’s support expands SHIB’s utility within the DeFi sector, giving investors another option to unlock capital while maintaining exposure to the token.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After failing to maintain multiple attempts at recovery, Shiba Inu is still struggling on the price chart, trading close to local lows. On-chain data, however, presents a more positive picture. Seven of the ten key indicators monitored for SHIB currently lean bullish, according to the most recent metrics, indicating that underlying network activity may be improving despite poor market performance.
Reduced exchange reservesReduced exchange reserves typically mean that there are not as many tokens up for sale right now, which lessens the selling pressure. The second metric, Exchange Netflow, which is still negative at about -64.8 billion SHIB, supports this trend. A negative netflow, which is usually an indication of accumulation, indicates that more coins are leaving exchanges than are entering them.
SHIB/USDT Chart by TradingViewActive Addresses, which rose by more than 1% in the past day, is a third encouraging indicator. Increased address activity frequently indicates increased network participation and user engagement. Despite SHIB's decline, the slight increase implies that demand has not entirely vanished. Exchange outflow, which is greater than inflow volumes, is the fourth bullish factor.
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Mean exchange flows metricsAbout 250.2 billion SHIB left exchanges while 185.4 billion entered. The idea that investors are still transferring tokens into self-custody rather than getting them ready for sale is supported by this disparity. Exchange Inflow Mean and Exchange Outflow Mean are the fifth and sixth bullish metrics. The significantly higher average outflow transaction size suggests that larger holders are still taking significant amounts of SHIB out of trading platforms, even though both have increased.
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On the price chart, the seventh bullish signal can be seen. The RSI for SHIB has emerged from oversold territory and is progressively rising. Momentum indicators indicate that bearish pressure is starting to lessen, even though the token is still below all major moving averages. The other three metrics are still bearish to neutral.
SHIB is still trading below its 50-day, 100-day, and 200-day moving averages, exchange reserve value in USD has decreased along with price, and exchange inflows are still high. Every significant attempt at recovery has been rejected, and the technical structure remains very bearish. However, there is a noticeable divergence between poor price action and improving on-chain data.
SHIB may be laying the groundwork for a more significant recovery once overall market conditions improve if accumulation persists and exchange balances continue to decline. Currently, on-chain participants seem far more optimistic than the chart itself indicates.
Shiba Inu, a well-known meme cryptocurrency launched in 2020, continues to face difficulties on the price chart, with the token trading close to recent local lows after multiple failed attempts at recovery. Despite this ongoing price weakness, recent on-chain metrics indicate positive trends for the underlying network activity.
Seven out of ten on chain indicators turn bullishAccording to the latest on-chain analysis, seven of the ten primary indicators monitored for SHIB show bullish signals. This development points to a possible improvement in fundamental network conditions even as SHIB remains under pressure in the broader market.
A key factor is the reduction in exchange reserves, which typically signals lower selling pressure since fewer tokens are available on trading platforms. This trend is reinforced by the Exchange Netflow, which remains negative at approximately -64.8 billion SHIB. Negative netflow suggests that more tokens are being withdrawn from exchanges than deposited, often interpreted as accumulation by investors.
Another indicator, Active Addresses, has risen by over 1% in the last 24 hours. This modest increase in address activity suggests ongoing user engagement, with the network still attracting participants despite the price decline.
Exchange outflows have also exceeded inflows, with about 250.2 billion SHIB withdrawn compared to 185.4 billion SHIB deposited. This data implies that investors are moving more tokens into self-custody instead of preparing them for sale.
Further support comes from Exchange Inflow Mean and Exchange Outflow Mean metrics. Both metrics have increased, but the average size of outflow transactions is notably higher, implying that larger holders are moving sizable amounts of SHIB out of exchanges.
On the technical side, the Relative Strength Index (RSI) for SHIB has emerged from oversold levels and is gradually climbing. While the token remains below significant moving averages, these momentum indicators suggest that bearish sentiment is beginning to ease.
However, three of the ten main signals remain bearish to neutral. SHIB continues to trade below its 50-day, 100-day, and 200-day moving averages. Exchange reserve values in US dollars have fallen along with the token’s price, and inflows to exchanges remain high, reflecting ongoing caution among market participants.
Despite multiple attempts at price recovery being rejected and the technical outlook for Shiba Inu remaining bearish, analysts note a clear divergence between weak chart performance and improving on chain metrics.
On chain trends point to potential recoveryIf accumulation continues and exchange-held balances keep declining, some market observers believe SHIB could be preparing for a more significant rebound once broader market sentiment improves. For now, on-chain participants appear notably more optimistic than the token’s price chart might suggest.
Shiba Inu is an Ethereum-based meme coin that has built a strong online community and gained widespread attention alongside similar meme tokens. While its price has struggled recently, network activity and accumulation trends may offer hope for a future turnaround.
Mini dictionary: Relative Strength Index (RSI), A momentum indicator that measures the speed and change of price movements, commonly used by traders to identify overbought or oversold conditions in a market.
IndicatorCurrent StatusImplicationExchange reservesDecreasingLower selling pressureExchange netflow-64.8 billion SHIBAccumulation trendActive addresses+1% (last 24h)Increased user activityExchange outflow/inflowOutflow 250.2B/ Inflow 185.4BMore tokens into self-custodySHIB price vs MAsBelow all major MAsBearish technical outlookDisclaimer: 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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
While the Shiba Inu (SHIB) price remains near the critical level of $0.000004249, a major withdrawal of 1.16 trillion tokens worth approximately $4.95 million has been recorded from Coinbase's Ethereum infrastructure.
According to Arkham Intelligence, the entire amount was distributed across three completely new wallets that were apparently created specifically for these transactions and hold no other assets apart from the received SHIB.
How Coinbase just moved over a trillion SHIB to empty walletsOn-chain data explains why this multimillion-dollar transfer completely bypassed the spot market and had no impact on exchange order books. Two transactions — involving 348 billion and 242 billion SHIB — were sent directly from verified Coinbase Prime Custody addresses, a service that exclusively serves large corporate clients.
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Distributing assets across new, separate addresses outside the trading platform is a standard technical process for a custodian, required for internal security and liquidity management.
On-chain data tracks 1.16 trillion SHIB routing to new isolated wallets, Source: Arkham IntelligenceAt the same time, the origin of the largest portion — 573 billion SHIB that left the platform — remains unclear. It was transferred from wallet "0xa59...447", which has no exchange labels in Arkham's system. This address may belong either to an unmarked internal Coinbase structure or to a large private holder withdrawing the assets.
Why is this happening right now?The token is trading close to the psychological support level of $0.00000400, while the weekly RSI of 33–35 indicates that the asset is deeply oversold. A move below this support level would expose SHIB to the risk of falling toward its lows from previous years.
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The fact that 1.16 trillion SHIB is being separated within the custody system precisely near a local bottom points to the locking in and preservation of positions.
The transfers were deliberately conducted within the exchange's infrastructure, bypassing spot order books, which made it possible to move a large amount without causing price fluctuations and to keep the price above the critical threshold.
Shiba Inu is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges.
It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market. The downturn pushed SHIB to 33rd place on CoinMarketCap’s rankings, raising concerns that the token could slip even further below the top 35.
However, SHIB has defied those expectations. The token has steadily recovered and now ranks as the world’s 31st-largest cryptocurrency, putting it within striking distance of re-entering the top 30.
At the time of writing, Shiba Inu trades at $0.000004230 with a market cap of approximately $2.49 billion. It trails Tether Gold (XAUt), which currently occupies the 30th position on CoinMarketCap, by only $20 million in market value.
SHIB Ranking Exchange Outflows Reduce Immediate Selling Pressure Shiba Inu’s recent recovery coincides with significant exchange withdrawals, a trend that typically signals reduced selling pressure.
According to CryptoQuant data, investors withdrew 235.93 billion SHIB from centralized exchanges over the past 24 hours, while 161.74 billion SHIB flowed into trading platforms. As a result, the exchange netflow stood at -74.18 billion SHIB, indicating that approximately 74.18 billion tokens left exchanges during the period.
Shiba Inu Exchange Flows This negative net flow suggests that investors are moving SHIB into private wallets rather than keeping the tokens on exchanges for immediate sale, potentially easing short-term selling pressure. Despite these withdrawals, exchanges still hold approximately 86.2 trillion SHIB.
Technical Outlook Remains Mixed Although SHIB has regained momentum and moved closer to the top 30 ranking, analysts remain divided on its short-term outlook.
Recent technical analysis suggests that Shiba Inu is mirroring its 2023 price structure. Based on that pattern, analysts believe SHIB could decline by at least 20% before staging a recovery toward the $0.0000055–$0.0000056 range.
Meanwhile, on-chain data continues to paint a cautious picture. Shibarium’s daily transaction count has fallen to just 661, reflecting weaker network activity. At the same time, the SHIB burn rate has dropped sharply, declining from a recent high of 13 million burned tokens to 2.42 million.
While strong exchange outflows have helped support Shiba Inu’s recent rebound, the token still faces notable headwinds. Weakening network activity and slowing token burns could limit the pace of any sustained recovery, even as SHIB edges closer to reclaiming a place among the top 30 cryptocurrencies by market capitalization.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Fresh Shiba Inu (SHIB) on-chain data has revealed a potential all-time high in centralization, suggesting that just 707 large wallets may control as much as 94.49% of the coin's total circulating supply.
According to Etherscan's Whale Concentration metric, major holders may control tokens worth approximately $2.36 billion, while the rest of the retail market may account for less than 2% of the supply.
Shiba Inu (SHIB) holders overview, Source: EtherscanIf these figures reflect a real withdrawal of liquidity from trading platforms, exchange order books could be severely depleted. This would create conditions for a sharp price reversal once large market orders appear, potentially triggering the long-awaited comeback.
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SHIB supply deficit could fuel 39% upsideThe TradingView technical chart supports a scenario in which the coin's prolonged decline is approaching its final stage, as indicated by a series of bullish RSI signals near the local bottom.
The main price magnet within this technical rebound is the long-term moving average — a major resistance line represented by the 200-day EMA. The distance from current levels implies 39% potential upside, while the target itself coincides with a historical Volume Profile shelf in the $3.49 billion to $3.54 billion Shiba Inu market capitalization range.
Shiba Inu (SHIB) market capitalization chart on a daily timeframe with 200-day EMA attached (red), Source: TradingViewThe limited volume of freely available coins on exchanges suggests that a price reversal toward this level could unfold faster than usual.
If this 39% move is realized, the asset's market valuation could rise to $3.50 billion. This would theoretically allow Shiba Inu coin to reshape the top-30 ranking by CoinMarketCap, enter the top 25, and overtake six major cryptocurrencies.
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SHIB currently holds 31st place with a market capitalization of $2.50 billion. A hypothetical impulse could successively close the gaps with Tether Gold, Cronos, PayPal USD, Avalanche, Sui, and Hedera.
The final stage of this comeback scenario could involve overtaking Global Dollar, valued at $3.24 billion, which would push SHIB into 24th place in the global cryptocurrency rankings.
Fresh on-chain data has indicated a significant degree of centralization in Shiba Inu ($SHIB), as just 707 large wallets reportedly control up to 94.49% of its circulating supply. This finding comes from Etherscan’s Whale Concentration metric, which also shows that these major holders possess SHIB valued at approximately $2.36 billion. In contrast, retail investors are estimated to account for less than 2% of the supply.
Centralization and market risksAnalysts state that if these figures reflect actual withdrawals from exchanges, order books could become highly illiquid for SHIB. Such a scenario may result in sharp price swings once large buying or selling orders hit the market, potentially amplifying volatility. Some market observers believe this could also set the stage for a notable price reversal if demand surges.
Mini dictionary: Etherscan is a leading Ethereum blockchain explorer and analytics platform, and its Whale Concentration metric tracks the proportion of a token held by large wallets.
With such a high concentration of supply in relatively few addresses, the likelihood of sudden and pronounced market movements increases. If a handful of these wallet holders decide to sell or move tokens, the impact could be significant given the limited liquidity.
Technical signals and upside potentialAccording to chart analysis shared on TradingView, SHIB’s extended downtrend may be reaching an endpoint. Technical indicators, including a series of bullish signals from the Relative Strength Index (RSI), have emerged near the local bottom—supporting the outlook for an imminent rebound.
The primary technical resistance is the 200-day exponential moving average (EMA), which is now considered the main price magnet for a potential rally. From current levels, this EMA implies an upside potential of 39%. Analysts note that the 200-day EMA aligns with a historical high-volume trading range, with Shiba Inu’s market capitalization expected to reach between $3.49 billion and $3.54 billion if this target is achieved.
Current Value39% TargetMarket Cap Milestone$2.50 billion (31st place)$3.50 billionPotential entry into top 25The limited supply of SHIB available on exchanges could accelerate movement toward these price levels if significant demand returns to the market.
Impact on global rankingsIf SHIB’s price rises by 39%, the coin’s market capitalization would reach about $3.50 billion. This move could boost Shiba Inu’s position in the global rankings, possibly allowing it to surpass six major cryptocurrencies: Tether Gold, Cronos, PayPal USD, Avalanche, Sui, and Hedera.
At present, SHIB ranks 31st by market capitalization. The projected rally may enable the token to close the gap with competitors and enter the top 25 cryptocurrencies listed by CoinMarketCap.
Should SHIB overtake Global Dollar, which currently holds a market cap of $3.24 billion, the coin would advance to 24th place worldwide in terms of value among cryptocurrencies.
With 94.49% of $SHIB held in 707 wallets, any large-scale move by these holders could rapidly shift the market. Technical indicators point to a potential comeback, with a rebound target that could elevate Shiba Inu into the top 25 cryptos if realized.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In contrast to tokenized stocks and other real-world assets (RWAs), speculative assets are dominating activity in Robinhood's recently launched blockchain ecosystem, which is quickly becoming a battlefield for memecoins. On-chain data indicates that Robinhood Chain maintained over 307,000 daily active addresses while processing over 3.53 million transactions in the past day.
Trading volumes exceed expectationsDuring the same time period, DEX trading volume reached about $474 million, indicating high participation from retail traders looking to gain exposure to recently introduced assets. That being said, it is evident that memecoins are preferred over tokenized stocks. The total tokenized asset value is currently at about $21.8 million, distributed across 101 assets, despite the steady growth of Robinhood's RWA sector.
Source: DuneThe daily on-chain RWA trading volume was approximately $65.7 million, which is a reasonable amount but still far less than the activity produced by memecoin markets. The launchpad ecosystem highlights this trend even more. With the popular platform Pons, nearly 19,000 tokens have already been created, whereas a number of rival launchpads have added tens of thousands of new assets.
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Daily token launches are still high, indicating that one of the main forces behind Robinhood Chain activity is still speculative demand. Cash Cat (CASHCAT), which presently has the largest market capitalization on the network at about $46.5 million, is one of the most prominent projects. The token has emerged as the flagship memecoin of Robinhood Chain and continues to garner significant interest from traders.
Creating memecoin rivalsArtificial Inu (AI), a dog-themed token that many are already comparing to Shiba Inu (SHIB), is another intriguing newcomer. Artificial Inu has rapidly become one of the chain's most well-known meme assets, with a market capitalization of more than $11.6 million and a daily trading volume of more than $2.4 million.
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Its quick growth shows how quickly new meme narratives can gain traction on emerging blockchain networks, even though it is still small in comparison to SHIB's ecosystem. The difference between memecoin and RWA activity demonstrates a common trend observed across all cryptocurrency markets.
While tokenized stocks, treasuries, and commodities may offer institutional appeal and long-term utility, retail traders still prefer riskier, more volatile assets that have the potential to yield large returns. As of right now, Robinhood Chain seems to be heading in the same direction as many earlier ecosystems: while tokenization and infrastructure garner media attention, memecoins account for the majority of attention, liquidity, and trading volume.
Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing.
This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.”
Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.
More importantly, the 50-day EMA continues to trade below the 100-day EMA, maintaining a bearish crossover that typically signals sellers remain in control of the market.
As long as SHIB stays beneath both moving averages, the broader technical structure continues to favor further downside. Consequently, any short-term price rebounds are likely to be corrective rallies rather than the beginning of a sustained bullish reversal.
Shiba Inu Must Reclaim a Key Resistance Level: Dukes Despite the prevailing bearish outlook, Dukes identified $0.00000458 as the first major resistance level bulls must reclaim.
This price previously served as a strong support zone before breaking down and subsequently turning into resistance. He suggests that a decisive breakout above $0.00000458, followed by a strong daily close, would mark the first meaningful improvement in SHIB’s market structure and suggest buyers are beginning to regain control.
Until then, however, the dominant bearish trend remains unchanged.
Shiba Inu TradingView Chart Momentum Indicators Hint at a Potential Recovery Although the overall trend remains negative, several momentum indicators suggest selling pressure may be easing.
The Relative Strength Index (RSI) has started to recover after previously falling into weaker territory. However, it still trades below the neutral 50 level, indicating bearish momentum continues to outweigh bullish strength despite the recent improvement.
Meanwhile, the Stochastic RSI (StochRSI), which measures the speed and momentum of price movements, continues to climb steadily without entering overbought territory. This suggests SHIB could have additional room for a short-term recovery before bullish momentum becomes overstretched.
Another Major Barrier Awaits Bulls Even with improving momentum readings, Dukes noted that Shiba Inu’s trading volume remains relatively subdued, highlighting the lack of strong conviction from either buyers or sellers.
He emphasized that any breakout above the immediate resistance would require significantly stronger buying activity to confirm a sustainable recovery rather than another temporary bounce.
Even if SHIB successfully reclaims the $0.00000458 resistance level, Dukes believes another significant challenge lies around $0.00000520. This price marks the next major resistance zone, where sellers could once again step in and cap further gains. As a result, bulls would likely need to overcome both resistance levels before Shiba Inu can establish a more convincing medium-term recovery.
SHIB Still Trades Far Below Its Record High At press time, Shiba Inu remained significantly below its all-time high of $0.00008845. Trading around $0.00000424, the token has declined 95.2% from its peak.
While SHIB has gained a modest 1.04% this month, it remains down 38.58% since the start of the year. The token currently ranks as the 31st-largest cryptocurrency by market capitalization, a notable decline from late 2021, when it consistently ranked among the world’s top 10 digital assets.
Meanwhile, trading activity continues to weaken, with daily volume falling 6.08% over the past 24 hours to $42.98 million, underscoring the lack of strong market participation despite tentative signs of improving momentum.
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.
Ethereum fell below $1,900, down 1.3% in 24 hours.
According to HTX market data, Ethereum has fallen below $1900, with a 1.3% drop in the past 24 hours.
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Bitcoin drops below $65,000, logging a 0.8% decline over the past 24 hours.
According to HTX market data, Bitcoin has fallen below $65,000, posting a 0.8% drop in the past 24 hours.
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Bitcoin treasury firm Empery makes a $20 million strategic preferred stock investment in AI data center developer CDP.
Crypto treasury firm Empery Digital (EMPD) disclosed that it has completed a strategic $20 million preferred equity investment in AI data center developer Cardinal Data Power (CDP). Post-transaction, EMPD holds an approximately 8% stake in CDP. The investment is a key component of CDP’s total $70 million Series A funding round, with all raised capital earmarked for launching its first AI data center campus in West Texas, the U.S.
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A crypto whale set 10 major profit targets, closed short positions to take profit, liquidating 300 BTC positions in the last 12 minutes.
On-chain analyst Ai Yi (@ai_9684xtpa) monitored that contract whale "Set 10 Big Goals First" has started closing short positions to take profit. Over the past 12 minutes, the whale has closed 300 BTC in short positions, booking a profit of $157,000. It currently holds a remaining large position of approximately $157 million in 2,379.23 BTC, with an unrealized profit of $1.34 million.
1 seconds ago
NVIDIA open-sources its medical physics simulation framework to solve the problem of scarce clinical data for surgical robots.
NVIDIA has released an open-source Medical Physics Simulation framework that combines classic physics simulation with generative AI. The framework can batch-generate rare clinical edge cases such as guidewires stuck in calcified vessel walls, and cuts training time from 5 hours to less than 2 minutes using 8192 parallel environments, addressing the acute scarcity of real clinical data for surgical robots. Early adopters include CMR Surgical, Johnson & Johnson MedTech, and Medtronic. The framework’s open-source nature helps demonstrate the system’s behavioral logic to regulators and build an approval evidence chain, though no strategies trained on it have been deployed in actual clinical practice as of yet.
1 seconds ago
U.S. initial jobless claims for the week ended July 18 totaled 187,000, falling to a near four-year low.
US initial jobless claims for the week ended July 18 came in at 187,000, the lowest level since the week ending September 24, 2022. The consensus forecast was 212,000, while the prior week's figure was revised from 208,000 to 209,000.
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.
Four-week jam starts 28 July with support from leading Hong Kong universities and partnersThe Sandbox and Animoca Brands today announced Creative Minds Jam #1, Hong Kong, a four-week competition challenging students, developers, and creators to build innovative content creator-centric experiences using Minds by Animoca Brands (“Minds”), a persistent, always-on agentic AI platform. The official community partner of the jam is Open Campus, a community-led DAO that is building the blockchain-powered financial layer for education.
The guiding theme of Creative Minds Jam #1 is "Build What Creators Need Next". With an aggregate of US$10,000 prize pool, the jam invites participants to explore how agentic AI can reshape digital experiences and help address challenges faced by today’s content creators and the broader creator economy, including discoverability, engagement, and workflow efficiency. Winners of the jam will also be considered for the Minds Investment Programme, which has an aggregate allocation of up to US$10 million, subject to the approval of the investment committee of the programme.
Submissions open on 28 July 2026, with a final showcase event in early September. The competition is open to all students, builders, developers, and creators, and no prior AI experience is required. Participants will be free to use any tools, provided that Minds agents are an integral part to their product submissions.
Minds is a persistent AI agent platform designed to reduce complexity while preserving control and customization for both builders and general users. It enables anyone to deploy and direct sovereign, always-on AI agents, known as Minds, without needing to operate local servers or manage hardware or software.
As the official community partner of Creative Minds Jam #1, Open Campus will support participants throughout the four weeks with weekly workshops including core Minds concepts, mentor-led sessions and speaking slots, and open office hours where teams can brainstorm and refine their submissions. Participants will also have access to a dedicated Open Campus community hub for the duration of the jam. Open Campus brings relevant experience to the jam through 18 months of building developer ecosystems for EDU Chain through bootcamps and incubation programmes, along with a 1,000-strong AI creator community.
Creative Minds Jam #1 is also supported by experts and leaders in education, including the Hong Kong Institute of Information Technology (HKIIT), Hong Kong Design Institute (HKDI), Index Academy, The Hong Kong Polytechnic University School of Design (PolyU Design), and Hong Kong Designers Association (HKDA), alongside industry partners.
Submissions to the jam will be evaluated by a distinguished panel of judges based on creativity, technical execution, user experience, and the innovative use of agentic AI. Judges are drawn from multiple fields including education, technology, and creative industries:
Ansh Grey, creative director and founder, Axies GreyFoxBecky Wong, founder, Index AcademyProf. Benny Leong, professor of Practice (Design Practice) and director of SD Plus, School of Design, The Hong Kong Polytechnic UniversityBowie Lau, managing director, MaGE GroupDerek Ting, creative director, Random Art WorkshopHo-Man Wong, senior lecturer, HKDIJay Leung, founder, Starz Group; vice chairman, HKDA; vice chairman, CIID Hong KongJonah Lau, project lead and core contributor, Open CampusJoyce Yung, visual content creator, producer, and author, Random Art WorkshopMohamed Ezeldin, head of Animoca Labs, Animoca BrandsRicky Ng, senior lecturer, HKIITRobby Yung, CEO of investments, Animoca Brands; CEO of The SandboxSébastien Borget, co-founder and ambassador, The SandboxYat Siu, co-founder and executive chairman, Animoca BrandsYusuf Goolamabbas, chief knowledge officer, Animoca Brands
Commentary from JudgesSébastien Borget, co-founder and ambassador of The Sandbox, said: “I’m excited to launch Creative Minds Jam #1 to solve real-world creator problems and step into the agentic web while learning new tools. Hong Kong has always been a thriving city where creativity meets rapid adoption of technology, whether it’s Web3, metaverse, or AI. Creative Minds Jam #1 gives students and creators, regardless of their technical background, the chance to explore how agentic AI can transform digital experiences.”
Yat Siu, co-founder and executive chairman of Animoca Brands, said: "AI agents represent a shift from tools that require technical expertise to collaborators that can adapt to the user. In the creator economy, that means helping more people turn ideas into content, experiences, and businesses with greater speed and flexibility. Creative Minds Jam #1 is an invitation to students and creators in Hong Kong to experiment with these new forms of creative leverage and help shape the future of the agentic web."
Mohamed Ezeldin, head of Animoca Labs, the innovation team within Animoca Brands that is developing Minds, said: “One of the biggest opportunities in the agentic web is making it easier for more people to build, experiment, and bring new ideas to life. Creative Minds Jam #1 is about broadening access and giving students, creators, and developers the opportunity to build with Minds using familiar interfaces and accessible tools. Hong Kong has long been a place where creativity and technology move quickly, and I’m excited to see how this generation of builders uses these tools to turn bold ideas into practical experiences and real solutions.”
Ansh Grey, creative director and founder at Axies GreyFox, said: “AI agents will profoundly transform the creator economy, empowering creators to scale their creativity and unlock entirely new forms of value creation. Those who embrace AI today will help shape the future of the digital economy.”
How to applyApplications to the Creative Minds Jam# 1 will open on 28 July 2026. Visit the Creative Minds page on Dorahack at https://dorahacks.io/hackathon/creativeminds/details to pre-register now.
All participants in the Jam, as well as anyone interested in AI and Minds, are also encouraged to join the official Minds Telegram channel and the Open Campus WhatsApp community hub, where workshop schedules and office hours will be posted.
Timeline
28 July: Registration opens 30 July: Hong Kong in-person kick-off session28 August: Submission deadlineSeptember: Showcase event and results announcement
Hong Kong In-Person Kick-Off Event
For local participants, The Sandbox and Animoca Brands will host an in-person workshop with the Minds team at Animoca Brands’ headquarters on 30 July, offering attendees an opportunity to hear from some of the judges and meet with fellow jam participants. For more details and to register for this event, visit Luma.
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About Minds by Animoca Brands
Minds by Animoca Brands is a persistent AI agent platform that removes complexity while preserving full control and customization for both builders and general users. It enables anyone to deploy and direct sovereign, always-on AI agents, called Minds, without having to operate local servers or manage any hardware or software. Learn more at www.hellominds.ai.
About The Sandbox
The Sandbox, a subsidiary of Animoca Brands, is an immersive metaverse platform in which users play, create, and monetize unique experiences alongside their favorite brands, IPs, and celebrities across gaming, entertainment, music, art, and more. The Sandbox leverages web3 technologies to fully enable end-user creation and creator economies, disrupting existing platforms by providing both Players and Creators with true ownership of their assets, creations, and rewards as non-fungible tokens (NFTs). Over 400 partners have joined The Sandbox, including Warner Music Group, Gucci, Ubisoft, Paris Hilton, Attack on Titan, Snoop Dogg, Lacoste, Steve Aoki, The Smurfs, and many more. For more information, please visit www.sandbox.game and follow the regular updates on X, Medium, and Discord.
About Animoca Brands
Animoca Brands Corporation Limited (ACN: 122 921 813) is a global digital assets leader building and investing in impactful technologies and ecosystems to reimagine future economies through AI and the agentic web. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times’ High Growth Companies Asia-Pacific, and Deloitte Tech Fast. Animoca Brands is recognized for building digital asset platforms such as the Moca Network, Open Campus, Anichess, and The Sandbox, as well as institutional-grade platforms; providing digital asset services to help Web3 companies launch and grow; and investing in frontier Web3 technology, with a portfolio of over 600 companies and digital assets. For more information visit www.animocabrands.com or follow on X, YouTube, Instagram, LinkedIn, Facebook, and TikTok.
Tokenized stocks have been a talking point in crypto circles for years. Arcus, a new decentralized exchange built by the dYdX team in partnership with Robinhood Crypto, is trying to make them a reality at scale.
Eddie Zhang, CEO and founder of Arcus, recently sat down with Ryan Baggs to walk through what the platform is building and where it’s headed. Arcus launched on July 1, 2026, and the team has been moving fast since.
What Arcus actually does The core pitch is straightforward. Arcus lets users trade tokenized versions of U.S. stocks, think Nvidia, Tesla, Apple, and Microsoft, twenty-four hours a day, seven days a week, with no trading fees.
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The platform currently supports over 95 tokenized U.S. equities. It runs on Robinhood Chain, a blockchain developed by Robinhood Crypto, and is accessible to users in more than 120 countries. The notable exclusions: the U.S., Canada, and the UK.
On Arcus, users hold their own assets rather than relying on a centralized intermediary to custody them. That removes a layer of counterparty risk and pulls the platform squarely into DeFi territory despite trading instruments that look very traditional.
The platform uses USDG, a stablecoin, as collateral, and it lets users margin across tokenized stocks, other real-world assets, and crypto simultaneously.
Perpetual futures enter the picture On July 21 and 22, 2026, Arcus announced beta perpetual futures markets, adding a layer of complexity and appeal for more sophisticated traders.
Perpetual futures are derivative contracts with no expiration date. They let traders hold leveraged positions indefinitely as long as they maintain their margin. Arcus is offering up to 50x leverage on these contracts, again using USDG for margin.
The bigger picture for tokenized equities There has also been community speculation about a potential Arcus token airdrop. No native protocol token exists currently, and the team has not made formal announcements.
The exclusion of U.S., Canadian, and UK users is not an accident. Tokenized securities remain a regulatory gray zone in those jurisdictions, and operating without registration as a securities exchange or broker-dealer carries real legal risk. Arcus is threading that needle by focusing on markets where the rules are either more permissive or less defined.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
New data reveals: in DeFi, over $500 mln, or nearly one third of tracked liquidity, sits fully idle.
Does DeFi have enough liquidity? Yes. Is that liquidity working efficiently? No.
Recent research by on-chain analytics platform Dune (commissioned by 1inch) suggests that 85% of concentrated liquidity on decentralized exchanges is underutilized at any given time. That’s about $1.6 bln of the $1.84 bln tracked.
And around $542 mln of that sits fully idle and out of range in an average week.
This is a structural problem for DeFi. Liquidity pools have helped decentralized markets grow, but as tokenized assets and institutional capital move on-chain, the industry needs a more efficient mechanism.
How the research was conductedDune analyzed four major concentrated-liquidity venues:
Uniswap v3Uniswap v4PancakeSwap v3Aerodrome SlipstreamThe research covered seven networks: Ethereum, Base, Arbitrum, BNB Chain, Unichain, Polygon and Optimism.
Dune took weekly snapshots between January 6 and June 30, 2026. For each venue, researchers selected approximately 200 of the largest pools by trailing 30-day trading volume and kept that group fixed across the 26-week period.
This produced a panel of between 559 and 776 pools, with approximately $1.84 bln in average tracked capital.
Researchers also analyzed three constant-product venues - Uniswap v2, PancakeSwap v2 and Aerodrome’s basic pools - using the same methodology. These pools served as a baseline for assessing concentrated liquidity.
The scale of underutilized liquidityConcentrated liquidity lets liquidity providers choose specific price ranges in which their capital is available for trades.
The model can improve capital efficiency when the market price stays inside the selected range. But once the price moves outside that range, the position stops supporting trades and earning fees.
Across the 26 weeks covered by the research, an average of 29.5% of concentrated-liquidity capital was fully out of range.
The idle share generally remained between 25% and 35%, briefly rising to almost 41% in early February.
The cost to liquidity providers is significant. Dune estimates that out-of-range LPs forgo between $185 mln and $195 mln in fees annually.
The estimate was calculated by applying the blended in-range fee APR of approximately 40% over the period to the out-of-range TVL. The calculation used the fee tiers of Uniswap and PancakeSwap pools and bounded estimates for Aerodrome’s dynamic fees.
“Due to structural inefficiencies in DeFi, liquidity providers are leaving billions of dollars in underutilized capital and millions of dollars in fees on the table. If the industry is serious about bringing TradFi’s trillions on-chain, solving this needs to be priority number one,” said Sergej Kunz, 1inch co-founder. “Shared liquidity models and the advent of AI have the potential to create a far more efficient future for liquidity providers. That's why 1inch is set to launch Aqua, so LPs can maximize their capital and earn more from every dollar.”
"Decentralized exchanges have grown into one of the deepest, most liquid markets in crypto, and it is now competing with centralized exchanges and traditional trading venues,” added Filippo Armani, Research Lead at Dune. “What our research shows is that it has reached this scale even though much of its liquidity is not yet fully at work. It is easy to imagine what these venues will do as efficiency improves and institutional capital keeps arriving. Getting there depends on measuring liquidity precisely across every venue and chain, possibly real time, which is exactly the kind of on-chain visibility Dune has been building.”
Larger positions hold most idle capital
The research found that smaller positions were more likely to be out of range. Around 54% of positions worth less than $1,000 were idle, compared with approximately 26% of positions worth more than $1 mln.
But the largest positions still accounted for most of the idle capital.
Positions above $1 mln held approximately 47% of all idle liquidity, equivalent to roughly $260 mln. Positions worth more than $100,000 accounted for around 76%.
This suggests that underutilization is not limited to inexperienced or small-scale liquidity providers. Large, well-funded positions also drift outside their chosen ranges and stop earning fees.
Price direction matters more than volatilityThe research also examined why concentrated-liquidity positions move out of range.
The strongest factor was not volatility itself, but how far the market price moved in one direction over the week.
A highly volatile market can rise and fall before returning close to its starting point, leaving many positions in range. By contrast, a relatively calm but consistent price move can push large amounts of liquidity outside their selected ranges.
In other words, distance strands liquidity more reliably than short-term market turbulence.
No concentrated-liquidity design avoids the problemThe findings did not identify one protocol that consistently performed better across all markets.
When researchers compared the same trading pairs across different venues, the ranking changed from pair to pair. No single DEX was reliably more or less idle than the others.
Uniswap v4, despite being a newer architecture, recorded an idle share of around 30%, broadly in line with Uniswap v3.
Stablecoin pools also averaged around 30% idle liquidity.
Although stablecoins are designed to remain close in price, LPs often choose extremely narrow ranges only a few basis points wide. Even a small movement away from the peg can therefore push liquidity out of range.
Individually managed liquidity is more likely to sit idleMost out-of-range capital was held in individual wallets. On Uniswap v3, individually owned positions accounted for approximately 82% to 94% of idle capital across the networks where ownership could be attributed.
Capital managed by contracts, including active liquidity managers and market-making systems, stayed in range more consistently.
Incentives also helped. Aerodrome’s staked liquidity recorded the lowest idle rate in the study, at approximately 16%, because rewards are directed toward in-range capital.
However, incentives reduced the problem rather than eliminating it.
DeFi needs more efficient liquidityDeFi needs liquidity that remains available across changing market conditions. It needs models that reduce fragmentation, improve capital utilization and give LPs more opportunities to earn fees from the assets they already hold.
The next stage of DeFi will not be measured only by how much liquidity is deposited. It will be measured by how much of that liquidity is actually working.
Access liquidity across DeFi in the 1inch dApp.
Disclaimer: This report was commissioned by 1inch and prepared independently by Dune. The methodology, data collection, and analysis are Dune's own, and the findings represent Dune's independent conclusions. References to third-party protocols, including Uniswap, PancakeSwap, and Aerodrome, are made solely for research and informational purposes and do not imply any affiliation or endorsement. This report does not constitute financial advice.
Ripple (XRP) price is in focus after shark and whale wallets purchased 600 million tokens in five weeks. The purchase comes amid optimism that the US Senate might vote to pass the CLARITY Act before the August recess.
XRP price is down by 1.73% today, July 23, to trade at $1.13 at the time of writing, with $980 million in trading volumes per CoinMarketCap data.
XRP Whales Scoop $625M Coins as CLARITY Act Debate Heats Up Santiment notes that the traders who hold between 100,000 and 100 million XRP coins have increased their holdings by 2.8% in the five weeks leading to July 22.
This means that they have purchased 600 million coins that are worth around $678M at the current price of XRP of $1.13.
XRP Whale Accumulation (Source: Santiment) The purchases come as Ripple CEO Brad Garlinghouse urges Congress to pass the CLARITY Act bill before it goes on recess in August.
Senate Republicans released an updated version of the CLARITY Act text on July 22 that contained an ethics provision that barred the President from issuing digital assets.
But the ethics provision did not sway Democrats because the odds of CLARITY Act passing have dropped to 39% as the senators argue that the state Attorneys general should be the ones to enforce the ethics provision.
This recent opposition towards CLARITY Act has reduced demand for XRP ETFs because data from SoSOValue shows that they had zero flows on July 22.
XRP Price Nears Breakout as Bull Flag Emerges XRP has created a bull flag pattern on its four-hour chart that usually suggests that gains could continue.
This bull flag has a height of 7.25%. This suggests that XRP could gain by 7.25% and reach $1.24 if it closes above the resistance of $1.16.
The RSI reading of 55 suggests that the momentum is bullish, and this could push the price to $1.24 like the bull flag suggests.
XRP also remains above the 50-day EMA of $1.11 and the 200-day EMA of 1.12, and this shows that both the short-term and the long-term momentum is bullish.
XRP/USDT: 4-hour Chart (Source: TradingView But the bullish outlook seen in the bull flag might fail if the price of XRP moves below the 50-day EMA support of $1.11. Such a move could bring sellers back, and XRP could drop to the July 20 low of $1.08.
Futures Data Shows Weakening Speculative Demand Data from Coinglass shows that XRP’s open interest has dropped by 1.17% to $2.50 billion. This OI has dropped from $2.96 billion seen on June 1, suggesting that traders have been closing their futures positions on XRP.
XRP Open Interest (Source: Coinglass) The drop in OI comes after many long liquidations due to a drop in XRP price because of a bearish sentiment in the crypto market.
BlackRock CEO Larry Fink notes that the liquidations flushed out excess leverage from the crypto market and he is now “very bullish” that prices will recover.
XRP derivatives volumes have also dropped from $15 billion in February 2026 to $1.91 billion at the time of writing per Coinglass data.
Following BitMEX's announcement of its shutdown, the BMEX token plummeted by 92%, with its market cap falling to just $480,000.
According to HTX market data, after BitMEX announced today that it will officially shut down on September 23, its native token BMEX plummeted by 92% to $0.005, with a market capitalization of just $480,000. Notably, the platform’s current handling of BMEX tokens is extremely limited, with no additional compensation or special arrangements. The only clear action specified in BitMEX’s official shutdown announcement today is that the platform has immediately un-staked all staked BMEX and returned them directly to holders’ accounts. Per BitMEX’s prior notice, BMEX is a purely platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used on the BitMEX platform for features such as fee discounts and staking rewards, does not constitute an investment, and the platform assumes no responsibility for refunds or exchanges.
6 minutes ago
Layer1 project Vanar announces it will migrate its infrastructure to Base, with a 1:1 token migration for the VANRY token.
Layer 1 project Vanar has announced it will migrate its infrastructure to Base. Existing VANRY token holders can complete token migration at a 1:1 ratio, with their holding amounts remaining unchanged. Meanwhile, the total supply of VANRY will increase from 2.4 billion to 10 billion tokens, of which approximately 62% will stay locked during the migration. Upon completion of the migration, Vanarchain validator staking will be halted.
6 minutes ago
Binance Alpha conducts the third round of TRUTH airdrop distribution, with a point threshold of 256 points.
Binance Alpha is conducting its third round of Swarm Network (TRUTH) airdrop distribution. Users holding at least 256 Alpha points are eligible to claim 2,501 TRUTH tokens on a first-come, first-served basis. If the entire reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes.
6 minutes ago
Changxin Technology will list on the STAR Market of the Shanghai Stock Exchange on July 27, with its current Pre-IPO price quoted at around 45.54 yuan.
Changxin Technology announced that its shares will be listed on the Shanghai Stock Exchange's STAR Market on July 27, 2026. According to Hyperinsight's monitoring, the Pre-IPO contract price of CXMT (Changxin Memory, with Changxin Technology as its listing entity) on Hyperliquid is currently quoted at $6.73, equivalent to approximately 45.54 yuan per share in RMB.
6 minutes ago
Citigroup cuts Coinbase's price target to $235
Citigroup has cut its price target for Coinbase (COIN) from $400 per share to $235. According to market data from BIT (bit.com), Coinbase (COIN) posted a 0.29% pre-market gain, trading at $166.6.
6 minutes ago
Citrini Analyst: Don't Underestimate Yangtze Memory's Competitiveness, NAND Flash Will Remain in Persistent Shortage
Citrini analyst Jukan stated in a social media post: "Don’t underestimate the competitiveness of Yangtze Memory Technologies (YMTC). The NAND flash market remains supply-tight, and this shortage will persist. It is reported that NVIDIA’s CMX cabinets are currently severely impacted by the NAND supply shortage, unable to even ship with full configurations. Some customers preparing to purchase CMX cabinets have reportedly been asked to source part of the NAND themselves to complete the full unit setup. I am not a NAND bear. Yangtze Memory still relies heavily on the consumer market, and its competitiveness should not be overlooked, but this does not mean it will push the NAND market back into oversupply."
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.
Following BitMEX's announcement of its shutdown, the BMEX token plummeted by 92%, with its market cap falling to just $480,000.
According to HTX market data, after BitMEX announced today that it will officially shut down on September 23, its native token BMEX plummeted by 92% to $0.005, with a market capitalization of just $480,000. Notably, the platform’s current handling of BMEX tokens is extremely limited, with no additional compensation or special arrangements. The only clear action specified in BitMEX’s official shutdown announcement today is that the platform has immediately un-staked all staked BMEX and returned them directly to holders’ accounts. Per BitMEX’s prior notice, BMEX is a purely platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used on the BitMEX platform for features such as fee discounts and staking rewards, does not constitute an investment, and the platform assumes no responsibility for refunds or exchanges.
6 minutes ago
Layer1 project Vanar announces it will migrate its infrastructure to Base, with a 1:1 token migration for the VANRY token.
Layer 1 project Vanar has announced it will migrate its infrastructure to Base. Existing VANRY token holders can complete token migration at a 1:1 ratio, with their holding amounts remaining unchanged. Meanwhile, the total supply of VANRY will increase from 2.4 billion to 10 billion tokens, of which approximately 62% will stay locked during the migration. Upon completion of the migration, Vanarchain validator staking will be halted.
6 minutes ago
Binance Alpha conducts the third round of TRUTH airdrop distribution, with a point threshold of 256 points.
Binance Alpha is conducting its third round of Swarm Network (TRUTH) airdrop distribution. Users holding at least 256 Alpha points are eligible to claim 2,501 TRUTH tokens on a first-come, first-served basis. If the entire reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes.
6 minutes ago
Changxin Technology will list on the STAR Market of the Shanghai Stock Exchange on July 27, with its current Pre-IPO price quoted at around 45.54 yuan.
Changxin Technology announced that its shares will be listed on the Shanghai Stock Exchange's STAR Market on July 27, 2026. According to Hyperinsight's monitoring, the Pre-IPO contract price of CXMT (Changxin Memory, with Changxin Technology as its listing entity) on Hyperliquid is currently quoted at $6.73, equivalent to approximately 45.54 yuan per share in RMB.
6 minutes ago
Citigroup cuts Coinbase's price target to $235
Citigroup has cut its price target for Coinbase (COIN) from $400 per share to $235. According to market data from BIT (bit.com), Coinbase (COIN) posted a 0.29% pre-market gain, trading at $166.6.
6 minutes ago
Citrini Analyst: Don't Underestimate Yangtze Memory's Competitiveness, NAND Flash Will Remain in Persistent Shortage
Citrini analyst Jukan stated in a social media post: "Don’t underestimate the competitiveness of Yangtze Memory Technologies (YMTC). The NAND flash market remains supply-tight, and this shortage will persist. It is reported that NVIDIA’s CMX cabinets are currently severely impacted by the NAND supply shortage, unable to even ship with full configurations. Some customers preparing to purchase CMX cabinets have reportedly been asked to source part of the NAND themselves to complete the full unit setup. I am not a NAND bear. Yangtze Memory still relies heavily on the consumer market, and its competitiveness should not be overlooked, but this does not mean it will push the NAND market back into oversupply."
[Update 7:20 am UTC, July 23: Adds comments from Blockaid CEO Ido Ben Natan starting in the eighth paragraph.]
Hackers stole more than $31.6 million across two unrelated crypto bridge exploits spaced just hours apart, targeting bridges operated by decentralized perpetual exchange AFX and Verus Protocol.
According to Blockaid, AFX, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday through a hack targeting one of its cross-chain bridges. Hours later, Blockaid said it detected an exploit targeting the Verus Ethereum Bridge that resulted in about $7.5 million in crypto being stolen.
The back-to-back exploits highlight the continued security risks facing crosschain bridges, which hold large pools of assets and move funds between separate blockchains.
“Another bridge, another exploit. Bridges will always be a weak link, until security is upgraded,” onchain investigator TheCrypticWolf said in a post on X.
AFX protocol bridge hack Blockaid said Wednesday it detected an exploit at 9:30 pm UTC targeting a bridge operated by AFX. Offchain Labs co-founder Stephen Goldfeder confirmed a bridge hack had affected a third-party protocol.
“We’re aware of a report of a bridge hack on Arbitrum and are investigating. We can confirm that the transaction in question originated from a third-party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way,” Goldfeder said in a post on X.
SunSec, founder of the Web3 security community DeFiHackLabs and a contributor to SEAL, said the evidence suggested compromised keys, rather than a smart contract logic bug, were responsible for the exploit.
According to Ido Ben-Natan, co-founder and CEO of Blockaid, the company’s assessment was consistent with reports that five hot validator keys had been compromised.
“This appears to have been an operational security incident rather than a smart contract vulnerability,” Ben-Natan told Cointelegraph. “The unauthorized withdrawal carried genuine validator signatures, meaning the bridge’s onchain verification behaved exactly as designed rather than being bypassed.”
He added that the required validator quorum had been satisfied using authentic signatures, suggesting the compromise occurred in the bridge’s offchain signing infrastructure rather than in the bridge contract itself.
Cointelegraph reached out to AFX for comment.
Verus Ethereum bridge suffers another attackIn a separate incident, Blockaid detected an exploit targeting the Verus Ethereum bridge, leading to $7.5 million in Ether, tBTC (a Bitcoin-backed ERC-20 token), USDC, USDt, EURC, MKR and scrvUSD drained from bridge reserves.
Blockaid said the attack appears similar to the previous Verus Ethereum Bridge incident in May that drained $11.58 million, using the same attack method but a different attacker wallet.
“An attacker used the bridge import path to trigger unbacked Ethereum-side payouts,” said Blockaid.
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Arbitrum-based AFX Trade drained of $24 million after bridge keys compromised. (Kevin Ku/Unsplash)Summary
AFX Trade, a decentralized perpetuals exchange on Arbitrum that settles in USDC, was drained of about $24.15 million after an attacker compromised validator signing keys for a bridge the protocol operates.Arbitrum’s native bridge was not breached, and security firm Blockaid said the on-chain logic functioned as designed, with five hot-validator signatures meeting the quorum needed to authorize the withdrawal.The attacker moved the stolen USDC to Ethereum and swapped it for roughly 12,467 ETH, nearly emptying AFX’s total value locked amid a broader wave of high-profile crypto hacks on Arbitrum-based protocols.Another week, another multi-million-dollar hack in DeFi, and once again, it’s an off-chain compromise rather than a smart contract exploit.
AFX Trade, a decentralized perpetuals exchange that settles in dollar-pegged stablecoin USDC, was drained of about $24.15 million on Wednesday after an attacker compromised the validator signing keys behind a bridge the protocol operates on Arbitrum, blockchain data shows.
In other words, the smart contract did what it’s supposed to do – verify the signature and execute the transaction. The problem was with the private keys that generated those signatures, as attackers compromised the private validator signing keys (hot keys held offchain by the bridge operators or validators).
Steven Goldfeder, co-founder of Offchain Labs, which develops and maintains the network, said the Arbitrum native bridge "has not been hacked or exploited in any way" and that the transaction originated from a third-party protocol.
A hack of Arbitrum's own bridge would signal risk across the entire layer-2 network, but a compromised protocol running on top of it is a contained failure.
Nothing in the bridge's own code logic was broken. Bridges are blockchain-based tools for transferring tokens between various networks, including those they were not initially supported on.
Security firm Blockaid said the on-chain logic was not bypassed. Instead, five of the bridge's hot-validator signatures, the approvals that authorize a withdrawal, signed off on moving 24,150,000 USDC to the attacker's wallet, clearing the roughly two-thirds quorum the bridge requires.
This incident, therefore, is similar to the roughly $285 million Drift Protocol loss in April, where attackers spent months working their way to privileged access rather than breaking any contract.
The loss lands amid a punishing stretch for crypto security, with Q2 among the worst quarters for hacks on record and a run of Arbitrum-based protocols, including the oracle exploit that drained a separate $18 million from RWA platform Ostium a week earlier, hit in quick succession.
Most of the hacks and exploits this year have targeted offchain components rather than vulnerabilities in smart contracts themselves.
Blockaid detected an exploit at 2026-07-22 21:30 UTC targeting @AFX_XYZ, a protocol on @arbitrum. The exploit was specific to a bridge that AFX operates. Approximately 24.15M USDC has been drained thus far from the protocol.
Our team has been working with the incredible folks on… https://t.co/0Qd9ve5gPB
— Blockaid (@blockaid_) July 22, 2026 The contract treated the withdrawal as valid and released the funds after a 200-second dispute period. The bridge did exactly what it was designed to do, but the keys authorizing the withdrawal were apparently in the wrong hands.
The attacker then bridged the stolen USDC to Ethereum and swapped it for about 12,467 ETH, worth roughly $24 million, which on-chain trackers say now sits in a single wallet.
AFX's trading activity had been climbing sharply in the run-up to the attack, with daily perpetuals volume spiking to multi-month highs in mid-July, according to DefiLlama, as the protocol drew in users and, with them, deposits.
The roughly $24 million drained was almost the entirety of the protocol's total value locked, meaning the attacker emptied the vault at close to the moment it was fullest.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
20 hours ago
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Arbitrum ekosisteminde faaliyet gösteren merkeziyetsiz sürekli vadeli işlem platformu AFX Trade, yaklaşık 24,15 milyon dolarlık siber saldırının hedefi oldu. Güvenlik şirketlerinin paylaştığı verilere göre saldırganlar, protokolün köprü doğrulama anahtarlarını ele geçirerek milyonlarca dolarlık USDC’yi kendi cüzdanlarına aktarmayı başardı. Olayın ardından Arbitrum’un yerel köprüsünün saldırıdan etkilenmediği açıklanırken, yaşanan ihlalin zincir dışı güvenlik açıklarından kaynaklandığı belirtildi.
Saldırı Akıllı Sözleşmelerden Değil, Doğrulama Anahtarlarından Kaynaklandı Blokzincir analizlerine göre saldırgan, köprü sisteminde kullanılan doğrulayıcı (validator) imzalama anahtarlarını ele geçirerek yaklaşık 24,15 milyon USDC’nin çekilmesini onayladı. Uzmanlar, akıllı sözleşmelerde herhangi bir güvenlik açığı bulunmadığını vurgularken, sorunun zincir dışında saklanan özel doğrulayıcı anahtarlarının ele geçirilmesinden kaynaklandığını ifade etti. Akıllı sözleşme yalnızca geçerli imzaları doğruladığı için işlemi normal bir çekim olarak kabul etti.
İlginizi Çekebilir: Binance Futures Yeni Listelemesini Duyurdu! İşte Detaylar
Arbitrum’un geliştiricisi Offchain Labs’ın kurucu ortaklarından Steven Goldfeder, saldırının Arbitrum ağının yerel köprüsüyle ilgili olmadığını açıkladı. Goldfeder, yaşanan olayın tamamen üçüncü taraf bir protokolden kaynaklandığını ve Arbitrum’un resmi köprü altyapısının herhangi bir güvenlik ihlaline uğramadığını belirtti. Bu açıklama, olayın tüm Arbitrum ağı yerine yalnızca AFX Trade’in kullandığı köprü mekanizmasını etkilediğini gösteriyor.
Saldırgan Yeterli Sayıda İmzaya Ulaştı Blockaid’e göre saldırgan, köprünün kullandığı sıcak doğrulayıcı (hot validator) anahtarlarından yeterli sayıda imzayı ele geçirerek yaklaşık 24,15 milyon USDC’nin transferini onayladı. Bu nedenle saldırının, köprü kodundan değil doğrulayıcı anahtarlarının ele geçirilmesinden kaynaklandığı belirtildi.
Arbitrum CEO’su Steven Goldfeder ise olayın Arbitrum’un yerel köprüsüyle ilgili olmadığını, saldırının üçüncü taraf bir protokolden kaynaklandığını açıkladı. Goldfeder, incelemelerin ilgili ekiple koordinasyon içinde sürdüğünü ifade etti.
Zincir üstü verilere göre saldırgan, çaldığı USDC’leri Ethereum ağına taşıyarak yaklaşık 12.467 ETH’ye dönüştürdü.
Varlıklarının Büyük Bölümü Kaybedildi Saldırı öncesinde işlem hacminde önemli artış yaşayan AFX Trade’in toplam kilitli varlıklarının (TVL) büyük kısmının saldırıda boşaltıldığı bildirildi. Yaklaşık 24 milyon dolarlık kayıp, protokolde bulunan varlıkların neredeyse tamamına karşılık geliyor. Bu durum, saldırganın protokoldeki likiditenin en yüksek olduğu dönemi hedef aldığını gösteriyor. AFX Trade’e yönelik yaklaşık 24 milyon dolarlık saldırı, DeFi sektöründe güvenlik risklerinin yalnızca akıllı sözleşmelerle sınırlı olmadığını bir kez daha ortaya koydu. Uzmanlara göre zincir dışı doğrulama anahtarlarının korunması, merkeziyetsiz finans protokolleri için kritik önem taşıyor. Olayın Arbitrum ağının yerel köprüsünü etkilememesi ekosistem açısından olumlu değerlendirilse de, üçüncü taraf protokollerin güvenlik altyapısının güçlendirilmesi gerektiği vurgulanıyor.
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Attackers used an AFX-powered bridge within Arbitrum and stole around $24.15 million worth of USDC and converted it into Ether. This brought the total losses due to hacks in July to around $97 million, surpassing that of June. A new and significant hack on a bridge system is just another problem in the string of problems affecting the crypto world this month. AFX Trade, which runs on Arbitrum, lost $24.15 million worth of USDC. Attackers exploited AFX’s bridge, and several blockchain security firms detected the attack almost immediately. They have been tracking the transaction of the hacked money on various blockchain networks. Offchain Labs confirmed that attackers exploited AFX’s bridge without compromising Arbitrum’s native bridge.
Blockaid detected an exploit at 2026-07-22 21:30 UTC targeting @AFX_XYZ, a protocol on @arbitrum. The exploit was specific to a bridge that AFX operates. Approximately 24.15M USDC has been drained thus far from the protocol.
Our team has been working with the incredible folks on… https://t.co/0Qd9ve5gPB
— Blockaid (@blockaid_) July 22, 2026 The breach was spotted by blockchain security firm Blockaid at around 21:30 UTC on July 22, after which they began working together with Arbitrum on their investigation. The hacker moved the stolen money to the Ethereum blockchain shortly after hacking the system. As a result, according to PeckShield security experts, the hacker converted the hacked money into roughly 12,467.5 ETH, moving the entire amount into one single wallet address.
Arbitrum Confirms Safety of Its Native Bridge The hack caused significant concern across the Arbitrum community, since bridge hacks often sow doubt about blockchain technology itself. Steven Goldfeder, co-founder of Offchain Labs, stated clearly that hackers managed to compromise a bridge created by AFX, but not the official Arbitrum bridge. Goldfeder said that there was no attack or compromise of the native Arbitrum bridge. This clarification was very important for distinguishing the problem associated with the protocol from the safety of the Arbitrum blockchain network.
We're aware of a report of a bridge hack on Arbitrum and are investigating. We can confirm that the transaction in question originated from a third party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way.
We will coordinate with the third…
— Steven Goldfeder (@sgoldfed) July 22, 2026 Bridge Hacks Keep On Leading To Losses For Cryptocurrencies This latest hack is one in many that has made the security situation in the decentralized finance community very difficult this month. Before the AFX hack, DefiLlama reported 13 cryptocurrency hacks in July, resulting in a total loss of around $72.6 million. The AFX bridge hack is the 14th one to take place in July, bringing the total July losses to about $97 million.
This loss has already surpassed the $75.32 million lost in June in various cryptocurrency hacks. This recent hack also highlights the ongoing pattern of hackers targeting bridges between blockchains rather than attacking the protocol directly. Investigations have begun for the Ethereum that was stolen, waiting to see if recovery becomes possible at all.
The AFX Trade Bridge exploit has sent shockwaves across the DeFi space. On July 22, 2026, an attacker drained exactly $24.15 million in USDC from a custody bridge operated by AFX Trade on Arbitrum.
Security firm Blockaid detected the breach at approximately 21:30 UTC, confirming that the attack was specific to an AFX Trade bridge exploit and did not touch Arbitrum’s native bridge.
Inside the $24.15M Raid on AFX’s Arbitrum Bridge AFX Trade runs a decentralized perpetual futures protocol on a sovereign Layer-1 chain. It routes USDC deposits through Arbitrum via a custom custody bridge, and that bridge became the target.
On-chain data shows that at 21:30:25 UTC, the attacker triggered a successful withdrawal of exactly 24,150,000 USDC from the bridge contract.
Preliminary on-chain analysis suggests the attacker may have compromised validator hot keys, meeting the 5-of-7 signature quorum required to authorize the withdrawal.
After the drain, the attacker bridged the stolen USDC to Ethereum via Circle’s CCTP and swapped it for 12,467 ETH at an average price of roughly $1,937 per ETH.
AFX Trade(@AFX_XYZ) was exploited for $24.15M!
The exploiter bridged 24.15M $USDC to #Ethereum and bought 12,467 $ETH at an average price of $1,937.https://t.co/m5i1x1EOlz pic.twitter.com/XWD4dWLlJc
— Lookonchain (@lookonchain) July 23, 2026
The conversion into ETH exposed the stolen value to price risk and complicated recovery efforts.
This incident is not isolated. Just one day before the AFX breach, attackers hit the Wanchain-Cardano Bridge and walked away with $13M, proof that cross-chain infrastructure keeps drawing fire in 2026.
Offchain Labs co-founder Steven Goldfeder was quick to separate AFX’s incident from Arbitrum’s core infrastructure.
“We can confirm that the transaction in question originated from a third-party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way,” Goldfeder stated on X.
We're aware of a report of a bridge hack on Arbitrum and are investigating. We can confirm that the transaction in question originated from a third party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way.
We will coordinate with the third…
— Steven Goldfeder (@sgoldfed) July 22, 2026
AFX immediately suspended bridge operations after the breach.
Security Is Not a Feature, It Is the Product BloFin CEO Matt responded to the AFX Trade bridge exploit with a blunt industry warning: X: “24M drained from a protocol-run bridge on Arbitrum today. The canonical bridge held; the custom one didn’t… in this industry, security isn’t a feature you add later. It IS the product.”
24M drained from a protocol-run bridge on Arbitrum today. The canonical bridge held, the custom one didn’t.
Every cycle we relearn the same thing: in this industry, security isn’t a feature you add later. It IS the product. Yield, speed, UX, none of it matters if user funds… https://t.co/8UCi73NOE0
— Matt (@BloFin_CEO) July 23, 2026
Bridge exploits have become a defining threat of 2026. A flash loan exploit hit Summer.fi Vaults in July. Also, a Private Keys Hack Drained the Humanity Protocol in a similar custody-key scenario earlier this year.
The KelpDAO incident in April saw attackers drain roughly $292 million via a LayerZero-powered bridge, a case CoinGape reported showed North Korea’s Lazarus Group was blamed for the KelpDAO LayerZero exploit.
AFX has issued a white-hat bounty offer, return 70% of the funds and keep 30%. The protocol has enlisted SlowMist, Zellic, and the Crypto Defense Alliance to assist in the investigation, per their official update.
We are continuing to work closely with leading blockchain security partners as the investigation progresses. According to SlowMist, the stolen funds remain in the attacker's address and have been reported to the Crypto Defense Alliance (CDA), a collaborative network that includes…
— AFX Trade (@AFX_XYZ) July 23, 2026
AFX has confirmed no recovery at the time of writing. This incident sends a direct custody warning to investors in perp DEXs.
The investigation into the AFX Trade bridge exploit continues. Users should monitor official AFX channels for updates on deposits, withdrawals, and any recovery plan.
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