Tým Celestia plánuje v červenci prodat TIA za zhruba 2,03 milionu USD, což zvyšuje tlak na cenu. Spotové nákupy a kladný Funding Rate ale naznačují, že poptávka může nabídku absorbovat.
Celestia’s [TIA] has posted steep losses over the past day, and while the drop reads like an extension of the broader crypto market slide, a closer look at the token’s supply schedule shows the asset is structurally primed for further downside.
DeFiLlama data shows that, apart from the $28,000 tranche marked for the 1st of July at press time, the team plans to offload roughly $67,000 worth of TIA every day until the month closes, pushing around $2.03 million into the market across the 31 days.
Source: DeFiLlama The setup looks bearish on paper, yet spot-market flows suggest incoming demand could absorb the pressure, given how TIA traded through June.
Total Spot purchases have reached $106.68 million, with a netflow of roughly $4.8 million tilting the balance toward buyers.
Funding Rate holds firm even as OI bleeds Outflows over the past few days still read as bearish sentiment working through the market. CoinGlass data showed that Open Interest—the capital committed to an asset’s perpetual contracts—fell 2%, a $1.16 million withdrawal that leaves net OI at $58 million.
Source: CoinGlass The outflow hasn’t shifted positioning, though—the Open-Interest Weighted Funding Rate, which measures the balance of TIA’s perpetual contracts against the Funding Rate, sits positive at 0.0038%.
A positive Funding Rate set against Open Interest signals that most of the capital in the perpetual market is leaning long, positioning for TIA to push higher over the coming sessions.
The reading being only mildly bullish shows traders aren’t crowding the upside, which lowers the risk of a sharp capitulation and points to steadier, more measured positioning.
TIA liquidity heatmap tilts toward an upswing The liquidity heatmap points to room for a TIA upswing. The heatmap doesn’t lock in a direction, but it hints at one by mapping where buy and sell orders rest.
At the moment, the deeper order clusters sit above price, suggesting strong odds that TIA rallies toward those levels.
Source: CoinGlass Momentum still works against that case, with TIA already down double digits on the day, and that weakness could drag price toward the lower clusters instead.
Those lower clusters hold resting buy orders that could seed a mid-term rally and shift the balance back in TIA’s favor.
Final Summary Celestia’s team is set to sell roughly $2.03 million in TIA across the month, adding structural pressure on top of the market-wide slide. Spot demand and a positive Funding Rate suggest that buyers could absorb the incoming supply, keeping an upswing in play.
Sei Labs zveřejnila Giga Whitepaper V2, který pro Sei Giga cílí na finalitu pod 250 ms a vyšší ochranu soukromí i proti MEV. Upgrade má zároveň zachovat více než 200 000 transakcí za sekundu.
The Sei Giga Whitepaper V2 is a major update to the original Giga Whitepaper published in May 2025. It introduces significant performance improvements and new features to Sei Giga, redesigning Sei Network from first principles into a blockchain with the ideal architecture for onchain trading.
Read the full whitepaper at: https://arxiv.org/pdf/2505.14914
What's New in V2The updated whitepaper addresses the questions the original left open. Where v1 described how Giga achieves speed and throughput, V2 adds how it will solve for privacy and fairness.
Faster FinalityThe new whitepaper introduces even faster performance for Giga's Autobahn consensus protocol. It now targets sub-250ms finality, down from the 400ms target in the original whitepaper. This will be delivered while maintaining 200,000+ transactions / 5 gigagas per second throughput across the network’s decentralized validator set.
Pre-Execution Privacy and MEV ResistanceThe new whitepaper introduces Sedna, a private transaction layer.
Transactions on Sei Giga will be encoded into fragments and distributed across multiple proposer lanes. This will ensure that no proposer will see the full contents of a transaction until ordering is finalized, giving the network pre-execution privacy. In short, a trade will never be visible until it is executed.
It also introduces a deterministic mechanism for ordering transactions across proposer lanes. This will make transaction ordering transparent, predictable, and secure against manipulation by any individual proposer.
Ultimately, Sedna will almost completely remove the MEV and censorship risk that affects every other smart contract blockchain.
The original Giga breakthrough: multi-proposer consensusIn traditional blockchains, one validator at a time is chosen to propose a block. That validator collects transactions, builds the block, broadcasts it, and then everyone votes on it across multiple rounds before it's finalized. Everything happens in sequence. You can't start the next block until the current one finishes the full propose-vote-vote-commit cycle. The speed of the entire chain is bottlenecked by one proposer at a time and multiple rounds of back-and-forth messaging.
Autobahn throws out that sequential model. Instead of one leader proposing blocks while everyone else waits, every validator will run its own "lane" and continuously stream batches of transactions in parallel. Each validator will propose independently and get a lightweight proof that its data is available from a small quorum of peers -- without requiring everyone to download everything upfront. A designated leader will then periodically take a snapshot called a "tip cut" that will capture the latest batch from every lane and commit them all at once through a streamlined two-phase vote.
This is what will enable Sei Giga’s immense throughput. Instead of being limited to however many transactions one validator can fit into one block per round, every validator will produce data simultaneously, and the consensus layer will synthesize their outputs together, sorting them deterministically by priority fee. The raw throughput ceiling will go from "one proposer's bandwidth" to the aggregate bandwidth of the entire validator set.
The Optimal Design for Institutional TradingBlockchains offer significant advantages over traditional trading venues. These include near instant settlement, shared liquidity, composability and 24/7 markets. However, in spite of these advantages, traditional traders are yet to adopt blockchain technology at scale.
For a trading environment to be successful, it has to be predictable. Trading on layer one blockchains today, because of the risks posed by MEV and possible censorship from block builders, is not predictable. This makes today’s blockchains fundamentally unsuitable for institutional traders.
When trading has taken off onchain, it has done so on venues which make the tradeoff of adopting centralized designs in order to make market structure more predictable. However in doing so, these exchanges expose themselves to the same centralization risks that affect legacy trading venues.
Sei's Giga upgrade will take the completely novel approach of introducing a multi-proposer architecture, and combining it with a private transaction dissemination layer. The result will be the first layer one blockchain that is actually suited for trading at scale. Sei Giga will offer pre-execution privacy, fair transaction ordering, MEV resistance, and censorship resistance while ensuring high throughput and near instant settlement.
Sei Giga will be the blockchain for trading.
What's NextSei Labs is well underway with the Giga Upgrade. Progress towards Giga can be followed on Sei Labs’ Giga Roadmap.
The whitepaper's future work section outlines several areas of active development:
Full transaction fee mechanism Autobahn consensus upgradesNew tokenomics for the SEI token The Giga upgrade will be the most complex blockchain upgrade since Ethereum's Merge. The network will transition to the full Giga protocol without regenesis and without taking any element of the network offline.
Read the full whitepaper: https://arxiv.org/pdf/2505.14914
Disclaimer: The roadmap is subject to change based on development progress, market feedback, and other factors. Actual timelines, figures, and outcomes may vary.
Ethena integruje svůj produktový balík do Robinhood Chain, nové Ethereum Layer 2 sítě od Robinhood. Současně Robinhood spouští Robinhood Earn s odhadovaným ročním výnosem kolem 7 %.
Ethena, the protocol behind the USDe synthetic dollar, is integrating its product suite into Robinhood Chain, the newly launched Ethereum Layer 2 network that went live on July 1. The partnership positions Ethena’s yield-bearing assets within Robinhood’s freshly minted collateral ecosystem, bringing decentralized finance tools to one of the largest retail trading platforms in the US.
The collaboration arrives alongside Robinhood Earn, a decentralized lending product that lets users lend USDG stablecoins through self-custody wallets directly within the Robinhood app. The estimated annual percentage yield sits at around 7%.
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How Robinhood Earn actually works The lending infrastructure runs on Morpho, an established decentralized lending protocol, with Robinhood Chain serving as the settlement layer underneath. Ethena joins a roster of supporting partners that includes Steakhouse, Spark, and Maple.
Losses stemming from cyber incidents or smart contract vulnerabilities are covered through policies from Lloyd’s of London and RELM. Users interact with the product through self-custody wallets available in the Robinhood app.
Robinhood Chain and the bigger picture Robinhood Chain itself is built using Arbitrum technology, making it an Ethereum Layer 2 solution. The testnet launched in February 2026, and the public mainnet followed on July 1. The chain’s primary focus is tokenized real-world assets and financial services, with permissionless access and no native token planned.
This mainnet launch is part of a broader push Robinhood has been executing since 2025. The company has rolled out tokenized US equities in Europe, expanded its wallet services, and laid groundwork for perpetual futures offerings.
For Ethena specifically, the partnership extends a relationship that’s been building. Ethena’s ENA token has been trading on Robinhood since late 2025.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid HIP-3 zvedl otevřený zájem zhruba z 790 milionů USD v lednu na vrchol 3,2 miliardy USD začátkem června 2026. TradeXYZ přitom drží přes 90 % celého open interestu HIP-3.
HIP-3 is a Hyperliquid network upgrade launched in October 2025 that allows permissionless deployment of perpetual futures markets by staking 500,000 HYPE tokens. Open interest across HIP-3 markets grew from roughly $790 million in January 2026 to a peak of $3.2 billion by June, according to Grayscale. TradeXYZ, the leading HIP-3 builder, accounts for more than 90% of all HIP-3 open interest with tokenized equities, indices, and commodities. Seven of Hyperliquid’s top ten markets by volume are now tokenized equities or commodity futures rather than traditional cryptocurrency pairs. Grayscale compared Hyperliquid’s infrastructure model to Amazon Web Services, calling it a platform where developers create products while HYPE captures value from every trade. Hyperliquid’s HIP-3 upgrade has quietly transformed a decentralized perpetuals exchange into what Grayscale Research described as “more like Amazon Web Services than a stock exchange” in a June 2026 research note cited by Stocktwits.
Since launching on October 13, 2025, HIP-3 has enabled permissionless deployment of perpetual futures markets for assets that include NVDA, TSLA, gold, crude oil, and the S&P 500. Open interest surpassed $3.2 billion in June 2026, and on peak days, HIP-3 markets accounted for nearly 48% of Hyperliquid’s total trading volume.
This article explains the mechanics of HIP-3, how open interest functions on the platform, and what the growth trajectory means for the broader DeFi derivatives market.
How HIP-3 Works: Permissionless Market Deployment HIP-3 enables any participant who stakes 500,000 HYPE tokens, worth approximately $25 million at current prices, to deploy their own perpetual futures exchange on HyperCore, Hyperliquid’s main trading layer.
Deployed markets operate alongside native Hyperliquid pairs but are not covered by the platform’s shared liquidity vault, known as HLP. Instead, deployers manage their own liquidity, according to a detailed CoinGecko analysis published in May 2026.
Deployers earn half of the trading fees generated on their markets. HIP-3 markets charge roughly double the native fee rate, starting at 0.09% for takers versus 0.045% on native pairs. A “Growth Mode” feature introduced in November 2025 allows deployers to reduce fees by 90% to accelerate adoption, according to OAK Research.
All HIP-3 markets are margined in USDC, priced against off-chain oracles, and trade 24 hours a day, seven days a week. This always-on structure proved especially relevant during the U.S.-Israeli-Iranian conflict, when high-impact market events developed outside traditional trading hours.
Open Interest Growth: From $790 Million to $3.2 Billion The growth trajectory has been steep. Open interest on HIP-3 markets stood at roughly $790 million in January 2026, crossed $1.43 billion by late March, surpassed $2 billion in April, and reached $3.2 billion in early June, according to a Grayscale research note.
Since launch, HIP-3 markets have processed over $200 billion in cumulative trading volume. TradeXYZ, a perpetuals platform built by the Hyperunit team, dominates the vertical, accounting for more than 90% of total HIP-3 open interest.
The platform offers exposure to U.S. equities such as NVDA, TSLA, GOOGL, and AMZN, a synthetic Nasdaq-style index called XYZ100, and commodities, including gold and silver, benchmarked to COMEX front-month futures. Non-crypto assets achieved 60% trader retention in late March 2026, indicating sustained engagement rather than speculative activity.
Analysis: The retention figure is significant. In most DeFi product launches, initial activity spikes and then decays within weeks. A 60% retention rate suggests that HIP-3 is solving a structural problem, 24/7 market access, rather than offering a novelty.
The fact that seven of Hyperliquid‘s top ten markets by volume are now non-crypto assets represents a category shift from a DeFi derivatives protocol toward a global macro trading venue.
Revenue, HYPE Buybacks, and the SpaceX Catalyst Hyperliquid generated $2.3 million in daily fees at peak HIP-3 activity, funding $11 million in HYPE token buybacks. The HYPE token outperformed Bitcoin and Ethereum by over 70% in Q1 2026, according to 99Bitcoins reporting.
The SpaceX initial public offering in June 2026 provided another catalyst. TradeXYZ launched a SpaceX pre-IPO perpetuals market on May 18, 2026, which surpassed $50 million in open interest before SpaceX officially filed its S-1 two days later.
Moon Rock Capital co-founder Simon Dedic stated in a post on X that the access issues retail traders faced around the SpaceX Nasdaq debut “make the case for trading exposure to high-profile private companies via onchain perpetual futures on Hyperliquid.”
In March 2026, the first S&P 500 perpetual futures product launched on Hyperliquid after S&P Dow Jones Indices licensed the index to a HIP-3 deployer, according to Grayscale.
Regulatory Implications HIP-3 markets offering tokenized equity derivatives operate without KYC requirements, creating a direct conflict with securities regulations in most jurisdictions. The SEC has not issued specific guidance on permissionless perpetual futures tied to U.S. equities. As HIP-3 open interest approaches levels that attract institutional market-making firms, regulatory scrutiny is likely to intensify.
What’s Next for HIP-3? Grayscale’s research note positioned $5 billion in open interest as the inflection point at which HIP-3 markets attract professional market-making firms from CME and CBOE. The launch of HIP-4, which introduces outcome-based prediction market contracts on Hyperliquid, adds a new dimension.
Pending U.S. crypto market structure legislation could either validate or constrain the model. Participants should monitor regulatory developments and the platform’s approach to compliance.
FAQs What is Hyperliquid HIP-3?
HIP-3 is a Hyperliquid network upgrade from October 2025 that lets builders deploy permissionless perpetual futures markets by staking 500,000 HYPE tokens.
How much does it cost to deploy a HIP-3 market?
Deployers must stake 500,000 HYPE tokens, worth approximately $25 million at current prices, to launch a perpetual futures market on HyperCore.
What is open interest on HIP-3?
HIP-3 open interest peaked at $3.2 billion in June 2026, growing from roughly $790 million in January, according to Grayscale research data.
What assets can be traded on HIP-3?
HIP-3 supports tokenized equities like NVDA and TSLA, commodities including gold and oil, indices such asthe S&P 500, and pre-IPO stocks.
What is TradeXYZ?
TradeXYZ is the leading HIP-3 deployer built by the Hyperunit team, accounting for more than 90% of total HIP-3 open interest across all markets.
How do HIP-3 fees work?
HIP-3 markets charge roughly double native Hyperliquid rates, with half going to the deployer. Growth Mode can reduce these fees by 90%.
What is HIP-4?
HIP-4 is Hyperliquid’s outcome-trading upgrade, launched in May 2026, introducing fully collateralized prediction-market contracts that settle at 0 or 1.
References What is Hyperliquid’s HIP-3? How it works and use cases, OAK Research, June 2026 Hyperliquid’s HIP-3 & HIP-4: Tokenized Stocks and Prediction Markets, CoinGecko, May 2026 Hyperliquid Emerges As Superior Alternative After SpaceX IPO Lockup Chaos, Stocktwits, June 2026 Hyperliquid Fees Explained: Perps, Spot & HIP-3, Datawallet, May 2026
Strategy a Strive v červnu přidaly do svých rezerv 6 989 BTC, financovaných téměř výhradně z preferenčního kapitálu. Strategy nakoupila čistě 3 625 BTC a Strive 3 364 BTC.
Two of the most aggressive corporate Bitcoin buyers just had a very busy June. Strategy Inc. and Strive Inc. collectively added 6,989 BTC to their treasuries, funded almost entirely through preferred equity instruments rather than traditional stock sales or debt offerings.
Strategy picked up 3,625 BTC on a net basis, while Strive added 3,364 BTC. Each company deployed approximately $200 million raised from their respective preferred equity products: STRC for Strategy and SATA for Strive.
The preferred equity playbook Neither company went the conventional route of issuing new common shares or tapping revolving credit lines. Instead, both relied on preferred equity instruments designed to trade near $100 par value with effective yields ranging from 11% to 13% or higher.
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For Strategy, the STRC instrument has become the primary engine for Bitcoin accumulation. The company did sell 32 BTC during the month to cover STRC dividend obligations, which is why the net figure comes in at 3,625 rather than the gross amount purchased.
Strive’s approach was even more front-loaded. The company’s largest single transaction in June was a 2,500 BTC purchase funded almost entirely through SATA proceeds. That single buy accounted for roughly three-quarters of Strive’s monthly total.
The running scoreboard Strategy’s total Bitcoin holdings now exceed 845,000 BTC as of early June, roughly 4% of all Bitcoin that will ever exist. Strive, meanwhile, has climbed to nearly 20,000 BTC.
Both companies were buying during a period when Bitcoin prices fluctuated between roughly $60,000 and $65,000. At those levels, each company’s $200 million deployment bought somewhere around 3,000 to 3,500 BTC, which lines up neatly with the reported figures.
The combined haul of nearly 7,000 BTC represents meaningful demand at a time when Bitcoin’s supply dynamics continue to tighten following the April 2024 halving event. Miners now produce roughly 450 BTC per day, meaning Strategy and Strive alone absorbed the equivalent of about 15 days’ worth of new Bitcoin supply in a single month.
Why preferred equity changes the game The 11% to 13% yields on these instruments aren’t trivial, but they’re manageable as long as Bitcoin’s price trajectory cooperates. If Bitcoin appreciates faster than the cost of the preferred dividends, the companies are effectively borrowing at a negative real rate to accumulate a scarce asset.
Strategy’s small 32 BTC sale to cover STRC dividends hints at this dynamic. The company is already using its Bitcoin stash to service the preferred equity, creating a direct link between the treasury’s size and its ability to sustain the financing mechanism.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy má poprvé mNAV pod 1x: hodnota firmy je nižší než tržní hodnota jejích 847 363 bitcoinů, které mají hodnotu zhruba 51,1 miliardy USD. Akcie spadly zhruba na 82 USD a společnost má přes 10 miliard USD nerealizovaných ztrát.
For years, Strategy Inc. traded at a hefty premium to its Bitcoin stash. Investors were willing to pay more than the underlying crypto was worth just for the privilege of exposure through a publicly traded stock. That era appears to be over.
Bloomberg reports that Strategy’s enterprise multiple to net asset value, known as mNAV, has fallen below 1x. In English: the company’s total enterprise value is now less than the market value of the Bitcoin sitting on its balance sheet. As of late June 2026, Strategy’s enterprise value sat at roughly $50.4 billion, while its 847,363 Bitcoin were worth approximately $51.1 billion.
From premium darling to discount bin The stock, which once traded near $540 in November 2024, has cratered to around $82. That’s an 85% decline from its peak.
Bitcoin’s own trajectory tells much of the story. After surging past $126,000 during the 2025 rally, the largest cryptocurrency has retreated to approximately $60,000. Strategy, which has staked its entire corporate identity on accumulating Bitcoin, absorbed every bit of that decline and then some.
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The company, which rebranded from MicroStrategy in February 2025 to better reflect its Bitcoin-centric mission, essentially operates as a leveraged Bitcoin vehicle. Because investors valued Strategy stock above the Bitcoin it held, the company could issue new shares at inflated prices and use the proceeds to buy more Bitcoin. Each share issuance was accretive, meaning existing shareholders got more Bitcoin exposure per dollar invested.
$10 billion in unrealized losses and a shrinking playbook With Bitcoin trading near $60,000, Strategy is now sitting on more than $10 billion in unrealized losses based on the average acquisition cost of its holdings.
The vanishing premium has also killed the equity issuance strategy that fueled the company’s buying spree. To adapt, Strategy has reportedly pivoted toward alternative capital strategies. The company’s playbook now includes debt mechanisms and preferred stock instruments, with plans that could involve up to $1.25 billion in either Bitcoin buybacks or sales. A company that built its brand on never selling Bitcoin is now keeping the option on the table.
Strategy’s balance sheet features a mix of convertible notes, preferred stock offerings, and traditional debt, all layered on top of a single underlying asset.
What this means for investors The mNAV falling below 1x fundamentally changes the investment thesis for Strategy stock. What remains is a stock that gives you slightly less than one dollar of Bitcoin for every dollar you invest, plus corporate debt and preferred stock obligations sitting on top.
Spot Bitcoin ETFs now offer investors direct Bitcoin exposure without the corporate overhead, debt obligations, or management risk that come with owning Strategy stock. When Strategy traded at a premium, it offered something ETFs couldn’t: leveraged upside. At a discount, the value proposition gets murkier.
Investors watching this space should pay close attention to whether Strategy actually executes any Bitcoin sales from that $1.25 billion authorization. The company still holds 847,363 Bitcoin, making it by far the largest corporate holder of the asset.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy oznámila program monetizace Bitcoinu v objemu 1,25 mld. USD a zvýšila dividendu na STRC na 12 %. Firma tím přechází od pouhého hromadění Bitcoinu k aktivní správě bilance.
Strategy, formerly known as MicroStrategy, has announced a significant shift in its financial strategy, unveiling a $1.25 billion Bitcoin monetization program. This move marks a transition from solely accumulating Bitcoin to actively managing its balance sheet, as the company also increased the dividend on its STRC perpetual preferred stock to 12%. This development comes as Strategy’s USD reserves stand at $2.55 billion, with substantial Bitcoin purchases overshadowing U.S. spot Bitcoin ETF inflows. The market is now assessing whether this strategy pivot indicates a halt in the company’s previously aggressive Bitcoin accumulation approach.
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The impact of this announcement is reflected in the prediction markets. Current pricing suggests a high likelihood of Bitcoin maintaining a value above $54,000 on July 2, with some markets pricing in a near certainty. The strategic use of Bitcoin as a capital tool appears to be interpreted by market participants as a positive financial indicator, potentially bolstering confidence in Bitcoin’s price trajectory.
Key Takeaways Strategy’s $1.25 billion Bitcoin monetization program and increased STRC dividend suggests a strategic shift towards active balance sheet management. Market pricing indicates high confidence in Bitcoin maintaining a value above $54,000 by July 2, 2026. The company’s move is seen as a positive indication of financial health, likely influencing Bitcoin’s price in the short term. What to Watch Observers will closely monitor Strategy’s subsequent actions and whether its shift in strategy affects Bitcoin’s market dynamics. Key factors include further announcements from Strategy and broader market reactions to Bitcoin’s monetization. Additionally, developments related to Bitcoin ETF inflows and regulatory actions could either support or challenge the current pricing expectations.
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Term Structure
Contract Odds Δ since publish Volume 24h July 2 99.8% — — View market → July 2 99.9% — — View market → July 2 0.7% — — View market → July 2 0.1% — — View market → July 2 99.9% — — View market → July 2 2026 76.5% — — View market → July 2 2026 97.8% — — View market → July 2 2026 13.7% — — View market → July 2 2026 99% — — View market → July 2 2026 0.2% — — View market → July 2 2026 0.2% — — View market →
K Wave Media prodala všechny své bitcoiny za 64,2 milionu USD a výtěžek použila na splacení dluhu. Firma tak ukončila méně než rok trvající krypto strategii.
K Wave Media had a Bitcoin strategy. Then it didn’t. On May 6, 2026, the Nasdaq-listed K-Pop and entertainment company sold its entire Bitcoin holdings for $64.2 million, closing the book on a treasury experiment that lasted less than a year.
The company used proceeds from the sale to repay debt, completing a strategic reversal that left KWM holding zero Bitcoin and a very different roadmap than the one it pitched to investors in 2025.
From $1 billion Bitcoin bet to zero Less than a year ago, K Wave Media looked like it was building a serious crypto treasury operation. In 2025, the company secured $1 billion in capital capacity through two separate financing agreements: a $500 million SPA with Anson Funds and a $500 million SEPA with Bitcoin Strategic Reserve.
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The terms were explicit. Eighty percent of net proceeds from certain instruments were designated specifically for Bitcoin purchases. The company followed through, acquiring 88 BTC in July 2025 as the foundation of that strategy.
Then the pivot happened. On May 4, 2026, KWM announced it would redirect up to $485 million of its remaining financing capacity toward artificial intelligence infrastructure initiatives. Two days later, the Bitcoin was gone.
The company also sold its main subsidiary, Play Co., a move designed to eliminate roughly $48 million in debt and liabilities, pending shareholder approval. In a matter of days, KWM went from crypto treasury company to AI infrastructure play.
The market reaction was not subtle Investors who bought into KWM for its Bitcoin exposure were not given much warning. Shares dropped 24% on the day the strategic pivot was announced.
KWM is incorporated in the Cayman Islands and trades on Nasdaq under the ticker KWM. The company’s core business has historically centered on K-Pop content and entertainment.
What this means for corporate Bitcoin holders KWM’s exit is a useful case study in the gap between a company announcing a Bitcoin strategy and actually committing to one. MicroStrategy, now rebranded as Strategy, has held Bitcoin through multiple severe drawdowns and built its entire corporate identity around the position.
The K Wave situation illustrates a specific risk that applies to smaller companies mimicking the treasury playbook: the financing structures used to accumulate Bitcoin often come with conditions, counterparties, and redemption mechanics that can make the position less permanent than it looks from the outside.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple po standardním měsíčním uvolnění 1 miliardy tokenů uvolnil do oběhu přesně 300 milionů XRP a 70 % zásoby znovu uzamkl. Podle Whale Alert to odpovídá běžnému režimu správy likvidity.
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Following the standard monthly unlock of one billion tokens, Ripple locked away 70% of the available supply, releasing exactly 300 million XRP into market circulation as per Whale Alert. If this holds by the end of the day, the volume will confirm the 2026 norm — the precise amount of net liquidity Ripple steadily releases each market cycle after completing mandatory re-escrow procedures.
The core reason why exactly 300 million XRP was released lies in the pragmatic financial discipline of Ripple's market approach, dictated by current crypto market capacity.
Inside Ripple's 'North Star' approach to XRP managementIn July 2026, XRP's average daily trading volume on licensed platforms stabilized around $1.61 billion. Under such strict order book density, an uncontrolled release of larger batches would inevitably lead to monetary imbalance and serious price pressure.
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The company cannot direct volumes of its "North Star", as Ripple CEO Garlinghouse once called XRP, above this limit into trading orders without negative consequences for price stability.
In dollar terms, this July tranche is estimated at approximately $319 million, and from the perspective of global tokenomics, these allocated millions represent a negligible share of the company's massive reserves.
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According to analytics platform XRP Scan, around 35.8% of the total token supply remains under Ripple's direct control in frozen escrow smart contracts, equivalent to 35.8 billion XRP. Thus, the entire net July unlock does not even reach 1% of the issuer's locked assets.
The final balance of the current unlock proved so well-calibrated that the token is showing confident growth in today's trading. The positive backdrop around the XRPL ecosystem allowed buyers to quickly absorb the new coins.
According to the latest technical chart, the asset firmly secured the key support level at $1.0390, where the volume's point of control is, and moved into a local rally, coming close to the psychological barrier of $1.06.
XRPL znovu zařadil do kódu schválený „Batch“ upgrade, který po bezpečnostních kontrolách čeká na hlasování validátorů. Přinese atomické transakce a nové možnosti pro tokenové swapy i složitější operace.
The XRP Ledger (XRPL) developer community is currently buzzing about the successful return of a highly anticipated network upgrade.
The "Batch" amendment, which was previously delayed due to security concerns, has been merged back into the core repository and is now queued for validator voting.
The announcement was made by XRPL core developer Denis Angell, who confirmed the integration following a rigorous period of testing and review.
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"Batch is BACK!!" Angell declared on X (formerly Twitter). "After an attack-athon, a security audit, and 4 reviews, the batch is officially merged back into the xrpld repo and will be up for voting in the next release."
Angell accompanied his announcement with a quote from Confucius: "A man who has committed a mistake and doesn't correct it is committing another mistake."
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The pull request has been officially merged from Angell's branch into the development branch of the XRPLF/rippled repository.
What the amendment means for XRPLProminent XRPL community validator and commentator Vet praised the core development team in light of the most recent development. "Massive shoutout to Denis and the whole core dev community for prioritizing the rework with huge amounts of security audits," Vet posted.
An "atomic" transaction means that a series of operations is executed as a single unit. Either all the transactions within the bundle succeed together.
According to Vet, this atomic bundling capability unlocks crucial new functionalities for the network.
Users can bundle a "send" and a "receive" transaction together, ensuring that a token swap only executes if both parties fulfill their end of the trade simultaneously.
Developers can bundle complex interactions into a single transaction block.
Network validators will vote on its activation in an upcoming rippled release.
XORA spustila XRP neobank, která držitelům XRP nabízí denní výnos a možnost platit kartou XORA v běžných obchodech. Výběry na XRP Ledgeru mají trvat asi tři sekundy.
XORA, a custodial neobank built on the XRP Ledger, has launched a platform that lets XRP holders earn a daily yield on their XRP and spend it in the real world through the XORA card. The company, which went live in February 2026, is targeting a large and often overlooked audience: the millions of retail investors who hold XRP but have had few ways to use it.
That audience is a defining feature of XRP. Unlike Bitcoin, whose supply has moved increasingly into institutions and exchange-traded funds, XRP remains overwhelmingly retail-owned, with everyday investors holding the majority of circulating tokens. For years, those holders could do little with their XRP beyond buying it and waiting. XORA is built to change that.
With XORA, a user signs in with a passkey and deposits XRP from any wallet or exchange to a personal XRP Ledger address. Idle balances begin earning automatically, currently 15% paid in XRP plus an estimated 7% in native XORA tokens for tier-one balances. Withdrawals settle on the XRP Ledger in about three seconds, with no lock-up and no deposit or withdrawal fees. The XORA card, now rolling out, lets holders spend their XRP balance at everyday merchants, with conversion handled at the point of payment.
“The market keeps talking about institutional crypto, but XRP’s strength has always been its retail base,” said Joren Lundgren, founder and CEO of XORA. “Those holders did not want another place to trade. They wanted to earn on what they hold and spend it like money. That is what we built.”
The platform is designed around verifiable custody. XORA operates a segregated, custodial treasury on the XRP Ledger whose backing can be checked on-chain through any XRPL explorer. It runs daily reconciliations, automated circuit breakers, and a separately funded depositor-reserve buffer drawn from protocol revenue, with a public bug bounty. The company also discloses that the native XRP yield is currently a time-limited treasury subsidy that will step down as deposits grow, transitioning toward on-chain sources such as XRP Ledger automated market-maker liquidity provision and lending. XORA states that it is not a chartered bank and that balances are not government insured.
XORA is building toward a broader neobank over time. A native XORA token unlocks tiered benefits as holdings grow, including planned metal cards, travel perks, governance rights, and concierge banking, and additional card features are on the roadmap.
For XRP’s retail base, the proposition is utility rather than speculation: a way to put an existing holding to work and spend it, rather than leaving it idle in a wallet.
About XORA
XORA is a custodial neobank on the XRP Ledger where holders earn on idle XRP and spend it in the real world with the XORA card. Launched in February 2026 and based in Stockholm, Sweden, XORA is led by founder and CEO Joren Lundgren. More information available at https://xora.finance.
Disclaimer: Crypto investments carry risk. Yields are variable, and the native XRP yield is currently a disclosed, time-limited treasury subsidy. XORA is custodial and not a chartered bank, so balances are not FDIC or government insured. Card features are subject to availability.
Oobit spustila svou krypto kartu v Guatemale a Paraguayi, čímž rozšířila non-custodial platby v Latinské Americe na 10. a 11. zemi. Uživatelé mohou platit z podporovaných peněženek u obchodníků přijímajících Visa a obchodníci dostanou zúčtování v místní měně.
Why Is Oobit Expanding in Latin America? Oobit has launched its crypto card in Guatemala and Paraguay, extending its Latin America expansion as stablecoin-based payments gain more traction across the region.
The non-custodial crypto payments platform, backed by Tether, said users in both countries can now spend and send crypto at merchants that accept Visa, both online and in-store. Payments can be made directly from supported wallets, including Phantom, MetaMask, Binance, and Trust Wallet, while merchants receive settlement in local currency.
Guatemala and Paraguay are the 10th and 11th countries included in Oobit’s Latin America rollout. The company is already active in Brazil, Colombia, Bolivia, and other regional markets. The expansion follows Oobit’s May launch in Colombia and its integration of native Pix payment functionality in Brazil.
The company said the card is designed to let users keep custody of their assets rather than depositing funds with a third-party custodian before spending. That structure is central to Oobit’s pitch in markets where users may want crypto payment access without giving up direct wallet control.
How Does the Crypto Card Work? Oobit’s card connects user wallets to Visa-accepting merchants, allowing crypto to be used for everyday purchases while the merchant receives local currency. The model reduces the need for merchants to handle crypto directly, while giving users a way to spend digital assets across existing card payment rails.
The launch also gives users in Guatemala and Paraguay access to Oobit’s OOB cashback programme. The company said 74% of swaps over the past 30 days were from USDT to OOB, while 18% were from USDC to OOB. Users who swap into OOB before spending may receive cashback of up to 10%.
Oobit also said users in both countries will be able to join the waitlist for its AI Agent Cards. The company did not provide further launch details in the announcement, but the feature adds another product layer to its regional payments strategy.
The company’s Latin America expansion has been supported by Tether, a strategic investor in Oobit. Oobit said the partnership has helped its regional growth, particularly around stablecoin-based payments.
Investor Takeaway Oobit’s launch in Guatemala and Paraguay shows how crypto payment firms are targeting markets where stablecoins already serve practical use cases. The key commercial test is whether wallet-based spending can move beyond crypto-native users and become part of routine retail payments.
What Do Oobit’s Spending Figures Show? Oobit cited internal platform data showing higher use of crypto for everyday spending across Latin America. Average monthly spend per user reached $1,168 in June, while daily average spend per user rose from about $80 in March to about $200 in June. On peak days, daily average spend exceeded $480.
The company said spending activity was concentrated in categories including groceries, restaurants, taxis and ride-hailing, fast food, and convenience stores. Those categories are important because they point to recurring consumer payments rather than occasional crypto transactions.
Stablecoins accounted for a large share of payment activity. USDT represented 47% of payments on Oobit’s platform and about 60% of deposits, according to company figures. Brazil remains Oobit’s largest Latin American market by users, accounting for 61% of the regional total.
The data supports a broader industry trend in which stablecoins are being used less as trading instruments and more as payment and settlement tools in markets with remittance flows, currency volatility, or limited access to low-cost cross-border financial services.
Why Do Guatemala and Paraguay Matter? Guatemala and Paraguay give Oobit access to 2 markets where crypto usage is growing from different starting points. In Guatemala, remittances account for nearly 20% of GDP, making payment cost, dollar access, and cross-border transfer efficiency important parts of the financial landscape.
Oobit cited figures showing crypto adoption in Guatemala grew 88% in one quarter in 2025. The country also introduced proposed cryptocurrency legislation, Bill 6538, in May 2025, pointing to a market where digital asset activity is expanding while the policy framework continues to develop.
In Paraguay, Oobit said crypto activity grew 52% in the second quarter of 2025. The company also pointed to a tax reporting framework introduced in January 2025 as a sign of a more formalized digital asset market.
Across Latin America, crypto transaction volume reached nearly $1.5 trillion between July 2022 and June 2025, according to figures cited by Oobit. Stablecoins remain central to that activity, especially where users need dollar-linked instruments for payments, transfers, or spending.
For Oobit, the next stage is execution. The company is entering markets where crypto adoption is rising, but card-based crypto spending still needs merchant coverage, wallet integration, user trust, and clear compliance treatment. Guatemala and Paraguay add scale to its Latin America footprint, but the broader opportunity depends on whether stablecoin payments can become a regular consumer habit rather than a niche crypto feature.
Chainlink se stává klíčovou infrastrukturou pro prediction markets a jeho Data Streams už pohánějí trhy na Polymarketu i Jupiter Exchange. ADI Predictstreet navíc zvolil Chainlink jako exkluzivní oracle pro oficiální trh pro FIFA World Cup 2026.
From crypto markets to the World Cup@chainlink is building a quiet but significant lead as the infrastructure layer beneath one of crypto's fastest-growing product categories. A string of integrations announced in recent months points to a single direction: automated, tamper-resistant settlement is replacing manual resolution across prediction markets, and Chainlink is the common thread.
@Polymarket's 5-minute and 15-minute $BTC markets both run on Chainlink Data Streams. Both markets use Chainlink Data Streams to provide price updates from major trading venues. The combined volume across those short-duration markets has already cleared over $3 billion. The broader picture for Polymarket is equally striking: the platform has cleared $4.9 billion in cumulative volume so far in 2026, after receiving full CFTC approval in the US.
@JupiterExchange, Solana's largest DEX aggregator, has plugged in the same infrastructure for its own 5-minute and 15-minute markets on $BTC, $ETH, and $SOL. Then there is @world_xyz, a Solana project that spent months as little more than a glowing globe with no public details. It revealed itself this week inside Phantom, reaching 20 million users and relying on Chainlink for automated market resolutions.
The FIFA deal cements the patternThe clearest signal yet came on June 9, 2026. ADI Predictstreet, the official prediction market partner of the FIFA World Cup 2026, announced it has adopted Chainlink as its exclusive oracle infrastructure to power accurate market resolutions and unlock instant payouts. To meet the scale of the tournament, ADI Predictstreet adopted the Chainlink Runtime Environment (CRE) to automate market creation, resolution, and settlement using high-quality FIFA data.
The deal placed Chainlink at the center of the official prediction markets for the biggest sporting event in history, a tournament spanning 48 teams, 104 matches, 16 host cities across three countries, and an estimated six billion fans.
While legacy prediction markets suffer from slow manual resolution and market outcome disputes, Chainlink's oracle infrastructure provides a robust source of truth for prediction markets on the world's largest sporting event. That structural shift, away from social-consensus or committee-based resolution and toward cryptographically verified, automated settlement, is what ties all of these integrations together.
The throughline across @Polymarket, @JupiterExchange, @world_xyz, and the official @FIFAWorldCup prediction market is the same: when platforms need fast, reliable, and dispute-free resolution at scale, they are reaching for the same oracle layer.
Sources
ADI Predictstreet official press release via PR Newswire
Chainlink Powers Faster Crypto Prediction Markets on Polymarket, Bitget News
Chainlink Data Streams, chain.link
New York Life Investment Management a Centrifuge spustily svůj první tokenizovaný produkt, NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, vypořádaný v USDC. Američtí investoři do něj nemají přístup kvůli regulaci.
New York Life Investment Management (NYLIM) has partnered with Centrifuge to launch its first tokenized product, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. This move marks a significant step towards integrating blockchain technology into traditional finance, allowing institutional access to tokenized fixed-income assets. The new fund, which is settled in USDC, is not available to U.S. investors due to regulatory limitations. The announcement has triggered market discussions, with implications for the perceived value of tokenized asset-related entities.
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Key Takeaways The partnership between New York Life and Centrifuge appears to suggest increased institutional interest in tokenized assets. Market pricing indicates a moderate increase in STRC’s perceived value following the announcement. The launch of the tokenized bond fund is consistent with scenarios where institutional access to blockchain-based financial products expands. What to Watch Observers may find it valuable to monitor further institutional moves towards tokenization, as these could influence market dynamics. Regulatory developments in the U.S. concerning tokenized assets remain a potential catalyst for changes in market sentiment. Key actors such as Michael Saylor and Phong Le may play roles in shaping future discussions around blockchain integration in traditional finance.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 46% — — View market → September 30 34.5% — — View market →
Jeremy Allaire odmítl argumenty kolem OUSD a řekl, že USDC má silné distribuční, likviditní a regulatorní výhody. Akcie Circle po spuštění konsorcia Open USD klesly o více než 17 %.
Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.
Circle co-founder and CEO Jeremy Allaire published a lengthy rebuttal on X on July 1 to the pitch behind OUSD, the stablecoin launched by the Open Standard consortium, arguing that USDC's advantages in distribution, liquidity and regulatory licensing are not easily replicated.
"We've had lots of questions from our investor community looking for thoughts on OUSD, and so I thought I'd share my direct views here," he wrote, describing stablecoin networks as "platform and network effect businesses that are established over a long period of time" and built on three layers: developer and application integrations, liquidity depth, and regulatory licensing accumulated over years, including USDC's approvals in the European Union and Japan.
Open Standard, the independent company formed to govern Open USD, unveiled the token on June 30. According to Open Standard's announcement, OUSD rests on three design principles: partner businesses can mint and redeem the token without fees or volume caps; partners receive nearly all reserve earnings after a management fee; and the token is governed collectively by a board of partner companies rather than a single issuer.
Reserves are described as maintained at financial institutions in compliance with U.S. regulatory requirements, though specific custodians and attestation practices had not been disclosed as of launch, as The Defiant reported.
Zach Abrams, Open Standard's founding CEO and a co-founder of Bridge, the stablecoin infrastructure company Stripe acquired for $1.1 billion in 2025, said in the announcement: "Existing stablecoins have great strengths, but to use them at scale, businesses need something that's open, low-cost, high-throughput, broadly accessible, and aligned to their interests."
Stripe president of technology and business Will Gaybrick said Open USD will be the default stablecoin for businesses running on Stripe.
The partner list spans more than 140 companies, including payment networks Visa, Mastercard, American Express and Discover; financial institutions BlackRock, BNY and Standard Chartered; technology firms Google and Shopify; and crypto platforms Coinbase, Ripple and Solana, according to Open Standard's site. Circle, Tether and PayPal are not among the backers.
Allaire's Point-by-Point RebuttalAllaire addressed three specific arguments made for OUSD. On fee-free minting and redemption, he said Circle already addresses large-partner economics through contractual arrangements rather than a blanket policy, and questioned whether removing fees entirely is sustainable market-wide.
On revenue sharing, he argued that distributing nearly all reserve income to partners risks starving the infrastructure needed to run a global stablecoin network — "giving away all income is a recipe for starving your infrastructure, systematically underinvesting and ensuring that your platform will remain limited in scope" — noting Circle already shares the majority of its income with distribution partners.
On consortium governance, Allaire pointed to Circle's own history — it co-founded the Centre Consortium with Coinbase before consolidating USDC issuance under Circle alone — and said the track record of similar multi-company products reaching scale "is absolutely dismal," citing coordination problems and slow decision-making among large corporate partners.
On usage, Allaire cited data he attributed to Artemis showing USDC processed roughly $30 trillion in onchain transactions in the first quarter of 2026, about 80% of dollar-stablecoin transaction volume, with USDT accounting for most of the rest and all other stablecoins combined under 0.5%.
On Coinbase specifically — notable because Coinbase is both a USDC revenue-sharing partner and an OUSD backer — Allaire wrote that Circle's "stablecoin partnership with Coinbase remains as strong as ever."
The Coinbase Economics at StakeCircle's own SEC filing spells out why the Coinbase relationship draws scrutiny: Coinbase earns 100% of interest income on USDC held within its own products, and 50% of the residual reserve income on USDC held elsewhere — a split that moves with how much USDC sits on Coinbase's platform, which Circle's filing put at 20% of total supply in 2024. That mechanism traces back to the actual Circle-Coinbase Collaboration Agreement, filed as an exhibit to Coinbase's 10-K, which defines Coinbase's cut through an "Issuer Retention" and "Residual Payment Base" formula and sets an initial three-year term running from the agreement's August 18, 2023 effective date — putting it up for renewal around August 18, 2026, with automatic three-year renewals contingent on Coinbase meeting the product and reseller thresholds in Section 3.2.
Bernstein analysts wrote in a research note that the arrangement accounts for close to 20% of Coinbase's total revenue, flagging Coinbase's participation in the 140-company OUSD consortium as something that "has raised eyebrows" given how much the exchange earns from USDC.
Market ReactionCircle's stock fell more than 17% on June 30 to close at $62.63, its weakest level in four months and down 55% from mid-May. CRCL had priced its IPO at $31 per share in June 2025 and reached an intraday all-time high of $298.99 (closing high of $263.45) on June 23, 2025, before its prolonged decline. As of DefiLlama, USDC's market capitalization stood at $73.9 billion against USDT's $184.9 billion, with total stablecoin market capitalization at $313.2 billion.
Circle reported first-quarter 2026 revenue and reserve income of $694 million, up 20% year-over-year, with reserve income of $653 million making up 94% of total revenue, according to Circle's Q1 2026 results.
Wall Street's initial read was skeptical of the selloff's magnitude. Bernstein reaffirmed an "Outperform" rating and $190 price target, citing Visa onchain data showing USDC processed $5.3 trillion in the first half of 2026 alone. William Blair kept its own Outperform rating, calling OUSD "a solution searching for a problem" and telling clients the selloff was a buying opportunity
Analysts pointed to Paxos's Global Dollar Network (USDG) — a similar consortium-backed, revenue-sharing stablecoin launched in 2024 — which has grown to only about $3 billion in supply, as a precedent for how new entrants have struggled against USDC and USDT.
Allaire closed his thread by saying Circle continues to work with OUSD's founding members as USDC customers and partners, and that Circle welcomes continued competition in the stablecoin market.
Uniswap v2, v3, v4 i UniswapX jsou nyní na Robinhood Chain, kde Uniswap funguje jako hlavní veřejný AMM. Robinhood Stock Tokens podporuje od prvního dne přes Web App, Wallet i API přes UniswapX i AMM.
Uniswap v2, v3, v4, and UniswapX are live on Robinhood Chain, a Layer 2 built by Robinhood Crypto. Uniswap serves as the primary public AMM on Robinhood Chain with support on the Uniswap Web App, Wallet, and API available from day one. The uniswap-trading-tools AI plugin, which will include three new skills, is coming soon.
Robinhood Chain on Uniswap Robinhood and Uniswap share a mission to democratize finance for all. Robinhood opened access to investing from inside traditional finance while Uniswap pioneered open, self-custodial markets in DeFi, where anyone can swap, provide liquidity, and own assets without an intermediary. On Robinhood Chain, those two paths converge with Uniswap serving as the primary public AMM.
Anyone can now swap, provide liquidity, buy stock tokens, program AI agents, and explore Robinhood Chain with Uniswap. It’s the same trusted set of products millions of users already rely on, now available on Robinhood Chain.
Stock Tokens From day one, Uniswap supports Robinhood Stock Tokens on the Web App, Wallet, and API via UniswapX, Uniswap’s intent based trading infrastructure, and the AMM. Stock Tokens are fully transferrable on Robinhood Chain, offering users around the world a chance to trade and own Stock Tokens 24/7, unlocking new DeFi opportunities outside the constraints of traditional finance.
Developers and Agents For developers, Uniswap API makes it easy to add trading for crypto and real-world assets on Robinhood Chain, directly into applications and bots. To add support:
Go to the developer dashboard to create an account and get an API key Follow the Quickstart Guide to integrate your first trading experience, setting the chain ID 4663 for Robinhood Chain. To help builders move faster, Uniswap Labs has also built an open-source AI skill library that teaches any coding agent (Claude Code, Cursor, or your own custom agent) how to integrate Uniswap:
npx skills add Uniswap/uniswap-ai
What you can build on Robinhood Chain
Integrate trading (swap-integration): Generate code to quote and execute swaps via the Uniswap API, Universal Router, or direct contract calls. Point it at chain 4663; it handles approvals, calldata, and slippage. Build with the v4 SDK (v4-sdk-integration): Create trading tools specific to building swap and liquidity UX. Discover and plan (swap-planner, liquidity-planner): Research Robinhood Chain assets and pools and surface trade or LP options before anything executes. A liquidity layer for tokenized value As tokenized value moves onchain, from equities to RWAs to stablecoins, it needs deep, reliable, accessible liquidity. Uniswap is a critical liquidity layer for these assets, now live on Robinhood Chain.
Swappers: explore tokens, swap, and provide liquidity Builders: add Robinhood Chain to your app using the API Agents: add uniswap-ai to integrate Uniswap
Avalanche Treasury Corp varovala regulátory, že kvůli ztrátám z AVAX a tlaku na likviditu by letos nemusela přežít. Její akcie za měsíc spadly o více než 90 %.
TLDRAVAX Holdings Decline and Balance Sheet PressureStock Collapse Follows AVAX Treasury StrategyOther AVAX Treasury Firms Show Similar DeclinesGet 3 Free Stock Ebooks Avalanche Treasury Corp told regulators it may not survive the year due to financial strain. The company cited “substantial doubt” about its ability to continue as a going concern. AVAX price declines led to major writedowns and over $26 million in quarterly losses. The firm’s AVAX holdings dropped to nearly half of their original purchase value. Shares collapsed over 90% within a month and now trade below $0.73. Avalanche Treasury Corp told regulators it may not survive the year after a steep decline in its finances. The company disclosed material losses and liquidity pressure linked to falling AVAX prices. It also warned that current conditions raise “substantial doubt” about its ability to continue operations.
AVAX Holdings Decline and Balance Sheet Pressure The company previously promoted a large AVAX treasury valued near one billion dollars during last year’s expansion phase. However, market conditions changed, and the value of its AVAX holdings dropped sharply over recent months. As a result, its market capitalization fell below thirty million dollars, reflecting severe investor concern.
Its operating unit reported losses exceeding twenty-six million dollars in one quarter due to AVAX writedowns. The firm bought AVAX for about two hundred sixty-five million dollars, yet the holdings fell to nearly one hundred twenty-three million dollars. This gap left the company holding assets worth far less than their original purchase cost.
AVAX prices declined forty-seven percent this year and nearly two-thirds over the past twelve months. Consequently, the treasury strategy weakened as asset values dropped and reduced the firm’s financial flexibility. The company stated that these conditions created ongoing uncertainty regarding its financial stability.
Stock Collapse Follows AVAX Treasury Strategy Avalanche Treasury Corp completed a merger with a blank check company and entered public markets with high expectations. However, investor sentiment turned negative as disclosures revealed risks tied to its AVAX exposure and financial position. The stock fell from above ten dollars to below two dollars within days of additional filings.
Shares continued to decline and traded below seventy-three cents, entering penny stock territory. In total, the stock lost more than ninety percent of its value within one month. This decline reflected market concern over the sustainability of its AVAX treasury model.
The company also pledged a large portion of its AVAX holdings as collateral for a loan agreement. It committed nearly seven point eight million AVAX tokens from a total of thirteen point eight million holdings. This move increased financial risk as falling prices could pressure collateral requirements.
Other AVAX Treasury Firms Show Similar Declines Other firms pursuing AVAX treasury strategies reported similar declines in value after initial expansion plans. AgriFORCE Growing Systems rebranded as AVAX One and announced a large capital raise to acquire more AVAX. The company aimed to build a significant AVAX treasury supported by strategic investors and advisors.
Despite those plans, its market value dropped sharply and now stands near forty-three million dollars. The firm’s shares declined sixty-eight percent this year and over ninety percent in the past year. These figures highlight the broader pressure affecting companies holding large AVAX reserves.
Data across the sector shows a consistent downward trend in treasury company valuations linked to AVAX exposure. Companies that accumulated AVAX during earlier market optimism now face reduced asset values and weaker investor confidence. This trend underscores the risks tied to concentrated digital asset treasury strategies.
June 2026 marked another milestone month for tokenization across the Solana ecosystem. Trading activity accelerated to record levels as tokenized equities attracted growing participation from both institutional and retail investors. Financial institutions continued launching regulated investment products on Solana, while tokenized funds, commodities, and real-world assets expanded into new markets.
The month also highlighted the increasing integration between traditional finance and blockchain infrastructure. From tokenized stocks and funds to museum-grade dinosaur fossils, June demonstrated the widening range of assets finding their way onchain.
Here is everything you might have missed:
June 10: Jupiter Adds Leveraged Tokenized Equities Jupiter Exchange integrated SHIFT's leveraged tokenized equities, bringing Series Tokens to Solana.
The products track leveraged stock ETFs, while Jupiter introduced a dedicated screener displaying price, trading volume, holder count, and discount to mark value, making these products easier for users to monitor.
June 12: SpaceX Trading Arrives Onchain Backpack Securities launched tokenized SpaceX stock under the ticker $SPCX on Solana on the same day SpaceX became available in traditional financial markets.
The tokenized asset generated $51 million in trading volume during its first 24 hours, making it one of the strongest launches for a tokenized equity on the network.
The same day, Securitize launched STAC, its tokenized AAA CLO fund, on Solana. The fund is backed by Bank of New York Mellon as custodian and sub-adviser, while Ethena Labs announced plans to allocate $250 million to the product.
June 16: SpaceX Volume Surpasses $100 Million Demand for tokenized SpaceX shares continued to accelerate. 24-hour trading volume for $SPCX exceeded $100 million for the first time, underscoring growing investor interest in tokenized equity exposure.
June 17: Institutional Listings Continue to Expand Ondo Finance announced the addition of 173 new tokenized stocks and ETFs, expanding its catalog to more than 430 traditional financial assets.
On the same day, Onpharma launched a security token offering on Solana with First Block and Crito Capital.
Trading activity also remained strong. Solana recorded $116 million in tokenized equities volume, accounting for approximately 94% of all tokenized stock trading volume across blockchain networks.
$SPCX led activity with nearly $90 million in trading volume, while Backpack accounted for approximately 95% of that trading.
June 21: Collector Crypt Reaches Revenue Milestone Collector Crypt generated more than $5 million in weekly revenue for the first time.
The milestone pushed the platform's cumulative lifetime revenue beyond $68 million, highlighting continued demand for tokenized collectibles within Solana's growing real-world asset ecosystem.
June 22: UK Regulated Fund Launches Onchain $BAGEY, the first publicly available fully native UK-regulated tokenized fund built with BNY, launched on Solana.
The launch represents another example of regulated investment products adopting blockchain infrastructure for fund administration.
June 23: Tokenized Funds and Stocks Reach New Milestones Allfunds, one of the world's largest fund distribution networks, expanded its tokenized funds to Solana. The integration connects more than 3,300 financial firms and nearly €1.8 trillion in administered assets to onchain markets, broadening institutional access to tokenized investment products.
The same day, total tokenized stock transfer volume on Solana surpassed $10 billion, underscoring the rapid growth of tokenized securities activity across the network.
June 24: Tokenized Assets Reach New Highs June 24 produced one of the busiest days of the month for tokenization on Solana. Tokenized assets accounted for approximately 19% of all daily DEX volume on Solana, representing a new all-time high of roughly $569.19 million in trading activity. For the day, tokenized assets generated more trading volume than memecoins.
Tokenized stock trading volume also reached a record $683 million in 24-hour trading volume. Trading activity centered on tokenized shares of SpaceX and Micron, which ranked among the most actively traded assets. Backpack Securities and Sunrise continued to expand the market by listing tokenized SanDisk shares under the ticker $SNDK that same day.
Outside traditional financial assets, JurassicFi announced plans to tokenize Deaton, a museum-grade Triceratops prorsus skull with approximately 60-65% bone completeness and all 3 original horns intact.
June 25: Institutional Adoption Expands Internationally Paxos launched its tokenized gold asset, PAXG, on Solana through Sunrise. The launch marks the first expansion of PAXG beyond Ethereum.
The same day, the Solana ETF SOLZ_KZ began trading on the Kazakhstan Stock Exchange, providing qualified investors in Kazakhstan with regulated exposure to Solana.
Kazakhstan Exchange also outlined plans to enable domestic companies to issue ETFs and tokenize assets using Solana infrastructure, reflecting growing international interest in blockchain-based financial products.
June 28: Raydium Surpasses $3 Billion Tokenized Equities Volume Raydium surpassed $3 billion in cumulative tokenized equities trading volume after crossing the $2 billion milestone earlier in the month, on June 6.
June 29: Tokenized Equities on Solana Records Its Largest Week Ever Solana achieved its largest week on record for tokenized equities. Weekly trading volume reached approximately $1.36 billion while the network captured 96% of all tokenized stock trading volume across blockchain ecosystems.
The achievement also extended Solana's lead over all Layer 1 and Layer 2 blockchains to 56 consecutive weeks, reinforcing its position as the leading network for tokenized equities.
Internet Capital Markets Continue Rapid Expansion Last week, SolanaFloor's The Big Picture podcast went live on X, with Seraphim from the Solana Foundation discussing stocks on Solana, how to solve liquidity issues, what comes next for digital asset tokens, and whether Solana perps can compete. He noted that tokenized equity trading volumes could consistently outpace memecoin trading volumes, driven by growing demand for stocks on Solana. “We have to enable stuff that allows you to trade assets people want to trade, and that's stocks at the moment,” he added.
Open Standard also launched $OUSD, a new stablecoin backed by over 140 partners including Visa, Stripe, Mastercard, Coinbase and BlackRock. The protocol promises to distribute earnings from reserves among partners alongside fee-free redemption and minting.
Throughout the month, Solana maintained its leadership in tokenized securities. Record trading volumes, expanding institutional participation, and continued product launches highlighted the network's growing role within global tokenized markets.
“Head of Taking Risk” at Solana Foundation on The Big Picture
Solana has received another major injection of stablecoin liquidity after Circle reportedly minted an additional $1 billion in USDC on the network around July 1. The move adds to a year that has already seen unusually large gross USDC issuance on Solana, a chain where stablecoins have become central to swaps, leverage, payments, and on-chain trading activity.
TL;DR Circle reportedly minted another $1 billion in USDC on Solana. The mint follows another $1 billion Solana USDC issuance in mid-June. Gross 2026 USDC issuance on Solana is now reported at $64.25 billion. That figure is gross issuance, not current circulating supply. The distinction between issuance and supply is important here. A large mint does not mean all of that USDC remains circulating on Solana forever. Tokens can be burned, redeemed, bridged, or otherwise moved as market demand changes. The $64.25 billion figure refers to cumulative gross issuance during 2026, not the live amount of USDC currently sitting on Solana.
Why Solana wants deep stablecoin liquidity Stablecoins are the base layer for a lot of crypto trading behaviour. On Solana, they are especially important because the network is built around fast, low-cost settlement. Traders use USDC as collateral, as a settlement asset, and as a quick way to move between volatile positions without leaving the chain.
When more USDC is minted onto Solana, it usually points to demand for on-chain dollar liquidity. That demand can come from market makers, DeFi protocols, retail traders, or institutions routing activity through Solana-based venues. It does not automatically mean prices will rise, but it does show that the network remains a live venue for capital movement.
Gross issuance is not the same as circulating supply This is the part worth spelling out because the headline number can be easy to misread. Gross issuance counts how much USDC has been minted onto Solana across a period. Circulating supply reflects what remains after redemptions, burns, and transfers are accounted for.
So the $64.25 billion figure should not be treated as a claim that Solana currently has that exact amount of USDC active on-chain. Instead, it is a signal of throughput. It shows how much dollar liquidity has been created through the network during the year, even if some of that liquidity later moved elsewhere or was redeemed.
A stronger foundation for Solana DeFi For Solana’s DeFi ecosystem, this matters because stablecoin depth affects trading quality. More available USDC can improve routing, reduce friction, support lending markets, and make it easier for larger participants to enter and exit positions. In a market where liquidity often moves quickly between chains, stablecoin depth is one of the clearer signs of where users are actually active.
The latest mint also arrives at a time when Solana remains closely tied to high-velocity trading, meme coin activity, and decentralized exchange volume. That can make liquidity demand volatile. But it also keeps Solana near the center of the market’s most active trading lanes. For now, the fresh USDC mint reinforces the view that Solana is still attracting serious on-chain dollar flow.
This report is based on information from Solscan.
This article was written by the News Desk and edited by Samuel Rae.
Solana price is trading near $77, roughly flat over the past 24 hours, with the broader crypto market holding a cautious equilibrium as Q2 2026 closes. The session’s most consequential data point is not a price move, it is a revenue figure: Solana’s decentralized application ecosystem generated $257 million in Q2 2026, topping every Layer 1 and Layer 2 blockchain on the market for the ninth consecutive quarter.
Among notable altcoin moves, Ethereum is up roughly 1.2% over 24 hours while Base-native tokens show mixed performance. Total market 24-hour volume is tracking near $98 billion, marginally above the prior session, suggesting participation is steady rather than surging.
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Nine Quarters, One Network: What Solana’s Revenue Streak Actually Means The central question this data raises: is Solana’s dominance a cyclical accident or a structural reality? Nine consecutive quarters of leading all blockchains in dApp revenue, a streak running since early 2024, argues strongly for the latter. Ethereum, Tron, Base, and Hyperliquid have each had moments at the top. None has dislodged Solana.
The $257 million Q2 2026 figure represents a slight year-over-year dip from Q2 2025’s $271 million, but the competitive gap remains wide. According to Syndica’s January 2026 deep dive, Solana held 41% of total Web3 dApp revenue at the start of the year, up from 33% in December 2025, with global Web3 dApp revenue totalling $385 million that month and Solana’s $158 million slice representing a 72% month-over-month jump.
That is not a plurality. That is a near-majority of an industry-wide metric held by a single network.
📊DATA: In Q2 2026, @Solana dApps generated $257M in revenue, leading all L1 and L2 blockchains for the 9th consecutive quarter. pic.twitter.com/syrtL3LFjY
— SolanaFloor (@SolanaFloor) July 1, 2026
Protocol-level data from TheStreet adds granularity. In Q1 2026, Solana posted $292 million in dApp revenue, with two applications accounting for the bulk of it: Pump.fun generated $123 million (42% of the network total) and Axiom contributed $58 million (20%).
Those two platforms alone, a memecoin launchpad and a trading terminal, captured nearly two-thirds of Solana’s entire quarterly haul. The concentration is notable: Syndica’s data found the top eight Solana dApps accounting for 78% of the network’s own revenue.
Weekly competitive data reinforces the trend’s durability. In the week ending April 20, 2026, Solana posted $16.94 million in weekly dApp revenue, its fifth consecutive week at number one, ahead of Hyperliquid at $14.18 million and Ethereum at $13.55 million.
In May 2026, Solana generated $91 million in monthly application revenue versus Hyperliquid’s $53 million and Ethereum’s $52 million, according to DefiLlama data cited by Bitcoin.com.
DISCOVER: Best Meme Coin ICOs to Invest in 2026
The Memecoin Risk Embedded in Solana’s Revenue Model Blockchain revenue figures matter precisely because they are harder to game than alternative metrics. Total value locked, TVL, the sum of assets deposited into DeFi protocols – can be inflated through recursive deposits, where the same capital is counted multiple times across lending and liquidity pools. Daily active addresses can be manufactured. Revenue cannot: it reflects users paying fees for something they chose to use.
That said, Solana’s revenue mix carries a concentration risk that investors in SOL should price honestly. Memecoins and memecoin-adjacent trading infrastructure, Pump.fun being the clearest example, have driven a disproportionate share of the network’s fee income. If speculative appetite in that category cools materially, the quarterly totals will register it.
The $200 million-plus threshold is the number to watch for Q3 2026: can Solana hold it without a memecoin trading supercycle providing the floor? Solana memecoin DEX volume trends heading into July 2026 suggest the category remains active, though below its early-2026 peak.
Solana's revenue is twofold. People only talk about half of it, but retail will trade both
Memes: Pumpfun is the memecoin casino, which brings attention and volumes to the chain
Then you have productive assets like MetaDAO, perps onchain , etchttps://t.co/ypVkyFVE4g pic.twitter.com/vdtSfDLQQQ
— Ansem 🐂🀄️ (@blknoiz06) June 25, 2026
The more constructive read is that DeFi and consumer applications are maturing as a second revenue pillar. Axiom’s sustained presence in the top two earners, $58 million in Q1 2026 after a breakout $126.6 million in Q2 2025, according to The Currency Analytics, shows that trading infrastructure beyond pure memecoin issuance is generating durable fees.
For a fuller picture of how institutional capital is positioning around Solana’s structural lead despite recent price softness, the SOL institutional adoption and price divergence analysis lays out the tension clearly.
Meanwhile, Ethereum’s path back to dApp revenue leadership runs through its Layer 2 ecosystem, Base, Arbitrum, Optimism, but that revenue remains fragmented across multiple chains. Aggregated, it still does not consistently match what Solana generates as a single unified network.
Ethereum’s own challenges at the base layer, detailed in the current Ethereum price and key levels outlook, compound the difficulty of closing that gap in the near term.
Nine quarters of leading all blockchains in dApp revenue is no longer a streak. It is a structural baseline, and the Q3 2026 data will show whether Solana’s non-memecoin revenue base has grown enough to defend it independently.
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Forward Industries koupila ve fiskálním 3. čtvrtletí přes 500 000 $SOL a drží už 7,55 milionu $SOL v hodnotě zhruba 576 milionů USD. Tím dál rozšířila náskok jako největší veřejně obchodovaná pokladnice v Solaně.
Record SOL Holdings After a Big Q3 Buy@FWDind shares jumped more than 17% on Wednesday after the Nasdaq-listed company disclosed it purchased over 500,000 $SOL during its fiscal third quarter, which ended June 30. Total holdings now stand at 7.55 million $SOL, worth roughly $576 million, acquired at an average price near $79 per token.
That haul puts $FWDI well ahead of its nearest rivals. Forward Industries holds the largest publicly listed Solana treasury, bigger than its next three competitors combined. The latest quarterly purchase only extended that gap.
Since launching its treasury strategy in September 2025, Forward has assembled what it describes as the largest Solana treasury in the world, staked the majority of its SOL to its own validator infrastructure, and launched fwdSOL as a liquid staking token. The company's stated long-term goal is to compound SOL per share materially faster than the SOL staking rate.
Russell Index Inclusion Opens a New Capital Channel Forward Industries joined the Russell 2000 and Russell 3000 on June 29, 2026, and the company said index inclusion may improve liquidity and expand its shareholder base. Management is leaning on that new visibility to raise fresh capital and continue scaling its $SOL position.
Chief Investment Officer Ryan Navi said inclusion in both indexes marks an important milestone and reinforces growing institutional recognition of the company's strategy. He added that the listing is expected to expand Forward's shareholder base and improve trading liquidity.
$FWDI was trading near $4.93 at the time of the announcement. $SOL touched a one-month high above $77, recovering sharply from a June low near $60.
The company deploys its assets through a range of on-chain opportunities, including staking, lending, and participating in decentralized finance. Forward Industries maintains sufficient operating capital and carries no corporate debt.
Sources:
Forward Industries SEC Form 8-K Filing (FY2026)
GlobeNewswire: Forward Industries Set to Join the Russell 2000 and 3000 Indexes
Decrypt: Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL
Solana spustila onchain governance: validátoři s alespoň 100 000 SOL mohou podávat návrhy a hlasování se otevře po dosažení 15% podpory staku. Hlasování je vážené podle staku a delegátoři mohou hlas svého validátora přepsat.
Solana Foundation says onchain governance is now live, letting validators with at least 100,000 SOL delegated open proposals that go to a stake-weighted vote once they clear 15% cluster support.
Solana Foundation announced Wednesday that onchain governance is live on the network, letting validators propose and vote on protocol-level decisions through a system called Solana Governance Proposals, or SGPs.
The mechanism is fully onchain, stake-weighted and verified by Merkle proof, according to the Foundation's announcement thread. Any validator with at least 100,000 SOL delegated can open a proposal, and a proposal only opens for a vote once it clears 15% of cluster stake support. Delegators who disagree with how their validator voted, or whose validator did not vote at all, can override that vote using their own stake weight.
Merkle-Verified VotesThe system runs on two onchain programs described in the project's technical documentation: an NCN, or Node Consensus Network, snapshot program that establishes verifiable stake weights, and a voting program called svmgov. Whitelisted operators independently build Merkle trees of validator stake from the Solana ledger and vote on a canonical snapshot. Once they agree, a consensus result publishes onchain, and validators prove their stake weight against it with a Merkle proof when they vote.
The two onchain programs are deployed as `ncn-snapshot` and `svmgov`, according to the governance documentation, with the snapshot program building the canonical stake tree that the voting program checks against for every ballot cast.
SGPs Versus SIMDsSGPs sit apart from Solana Improvement Documents, or SIMDs, the process core developers already use for technical protocol changes. Per the solana-governance-proposals repository, a SIMD answers "how exactly do we do this," decided by technical review from core developers, while an SGP answers "should we do this," decided by a stake-weighted onchain vote. By default, decision-making stays with core developers and the SIMD process; an SGP interrupts that path only when the 15% stake-support threshold is met, and does not block a SIMD from moving forward on its own.
The Foundation pointed validators and delegators to the governance dashboard, documentation and the svmgov codebase to start participating.
The launch follows a run of Solana Foundation initiatives aimed at institutional and validator participation, including a native payments rail for subscriptions and allowances and MoneyGram joining the network as a validator.
Arcus od dYdX Labs a Robinhood Crypto je po roce vývoje spuštěn a nabízí spotové obchodování s 95 Stock Tokens a 35 perpetuals na reálná aktiva. Přístup k perpetual kontraktům je zatím jen na čekací listině.
A new decentralized exchange born from a collaboration between dYdX Labs and Robinhood Crypto is officially open for business. Arcus, which offers perpetual futures and tokenized equities, went live after roughly a year of development, marking one of the more ambitious attempts to merge traditional finance assets with DeFi infrastructure.
The platform currently supports live spot trading across 95 Stock Tokens and 35 Real World Asset perpetuals. Access to perpetual contracts remains on a waitlist for now.
What Arcus actually is The platform runs on Robinhood Chain, an EVM-compatible Layer-2 solution that enables 24/7 trading. Robinhood brings a retail user base exceeding 25 million people, and Arcus is positioning itself to tap directly into that audience.
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Eddie Zhang serves as CEO of Arcus. Zhang previously worked at Meta and co-founded Pocket Protector, a social trading app that dYdX acquired in July 2025. That acquisition was explicitly part of building toward the Arcus launch, bringing product development talent and social trading expertise into the fold.
Antonio Juliano, the founder of dYdX, has called Arcus the best advancement for the dYdX ecosystem.
Why dYdX needed a new approach dYdX Chain, the protocol’s v4 iteration, achieved full decentralization of an order book-based perpetuals exchange. The problem was that being fully decentralized didn’t automatically translate into being fast or easy to use. Platforms like Hyperliquid and others gained significant traction by prioritizing speed and user experience, and dYdX’s share of on-chain perpetuals volume shrank.
Token economics and community incentives Arcus hasn’t launched a token yet, but any future Arcus token will reserve allocations specifically for dYdX community members, granting them priority access and trading capabilities on the platform.
What this means for investors Perpetual contracts are still waitlisted, meaning the core product isn’t fully live yet. How quickly the team opens up perpetuals access, and how the platform performs under real trading load, will determine whether Arcus becomes a genuine competitor.
The social trading elements inherited from the Pocket Protector acquisition could also prove to be a differentiator. Pocket Protector had over 50,000 users prior to acquisition. Bringing copy trading and social mechanics to a decentralized environment, where trades settle on-chain and users maintain custody, would be a new offering in the market.
Traders and investors should watch three things closely: the timeline for opening perpetuals access beyond the waitlist, early volume numbers once perps go live, and any announcements around the Arcus token launch and its specific allocation mechanics for dYdX holders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
1inch se stal spouštěcím partnerem Robinhood Chain a přidal podporu swapů tokenizovaných reálných aktiv v 1inch dApp, 1inch Wallet i přes Swap API. Cílem je zlepšit přístup, routing a likviditu pro obchodování s RWA.
Robinhood Chain brings tokenized real-world assets on-chain. 1inch makes them easier to trade.
What chain should you use to trade RWAs smoothly and efficiently? One answer is Robinhood Chain, an Arbitrum-based network specifically built for real-world asset trading. 1inch has integrated Robinhood Chain with a simple goal: make tokenized real-world assets easier to access, route and trade through 1inch.
“Robinhood Chain brings tokenized real-world assets on-chain,” says Sergej Kunz, 1inch co-founder. “Our role is to provide the infrastructure that makes them liquid and tradable. As one of the largest US retail crypto platforms enters the RWA market, efficient routing, deep liquidity and reliable execution become increasingly important. That’s what 1inch has spent years building.”
Bringing RWA swaps to 1inchRobinhood Chain is expected to become a high-visibility network for tokenized assets. For eligible users, this means a new network focused on real-world assets. Now, 1inch brings its routing and swap infrastructure to one of the most closely watched RWA ecosystems from the start.
As a launch partner on Robinhood Chain, 1inch supports RWA swaps on the 1inch dApp and in 1inch Wallet, helping eligible users access tokenized assets through a familiar DeFi flow. Beyond 1inch’s consumer apps, Robinhood Chain RWA swaps will also be accessible via the 1inch Swap API, available on 1inch Business alongside other APIs - enabling third-party apps and partners to integrate Robinhood Chain swaps directly.
No waiting for the bell. No fragmented manual routing. Just on-chain access through 1inch.
Why Robinhood Chain mattersRWAs are changing what can move on-chain.
Tokenized RWAs and other real-world assets can enable eligible users to gain exposure to more traditional financial products. But tokenization alone is not enough. These assets also need liquidity, pricing and reliable execution.
That is where swap infrastructure matters.
If users need to move between venues, chains and interfaces just to trade an RWA, the experience remains too fragmented. Robinhood Chain can bring assets on-chain. 1inch can help make them tradable.
Built for 24/7 tokenized marketsThe product promise is clear: traditional markets close at 4 pm, but tokenized markets can move around the clock.
With Robinhood Chain integration, 1inch aims to let eligible users swap tokenized real-world assets anytime during the work week, from anywhere, using the execution quality 1inch is known for.
This matters because RWA liquidity can be fragmented across issuers, venues and market participants. 1inch routing helps eligible users access available liquidity more efficiently, also supporting intent-based execution where available.
For RWA traders, that means less manual route hunting and a simpler path to execution.
Supporting the Robinhood Chain ecosystemThe integration is not only about users.
Token issuers, liquidity providers and ecosystem partners also need infrastructure that can support early network growth. By integrating and supporting Robinhood Chain at its launch, 1inch can help create a smoother trading environment for the assets and partners building on the network.
This is how DeFi infrastructure scales: not through isolated products, but through connected systems.
Robinhood Chain brings RWAs on-chain. 1inch helps make them swappable.
The next phase of RWA tradingRWA markets are moving from issuance to usability.
The next question is not only which assets can be tokenized. It is whether eligible users can actually trade them easily, efficiently and securely across DeFi.
By supporting Robinhood Chain, 1inch is one of the first major routing and swap platforms available on the network. This strengthens 1inch’s role in RWA execution and gives eligible users a new way to access tokenized asset markets through the 1inch dApp and 1inch Wallet.
Swap on 1inch across networks, including Robinhood Chain.
Disclaimer 1:
This content is for general information purposes only and does not constitute financial, investment, tax, or legal advice and is not a recommendation to buy or sell any particular digital asset or to employ any specific investment strategy.
Disclaimer 2:
Not available in the US, UK, Canada, Singapore, UAE and Switzerland, and OFAC-sanctioned countries including Iran, North Korea, Syria, Cuba, Crimea/Donetsk/Luhansk regions.
GMX uvedl, že jeho chytré kontrakty zůstávají otevřené všem uživatelům, včetně těch z EU, navzdory pravidlům MiCA. Zatímco centralizované platformy zpřísňují přístup, GMX zůstává dostupný bez omezení.
Most major EU crypto platforms have begun restricting access to users due to the implementation of the Markets in Crypto-Assets (MiCA) regulations. However, GMX, a decentralized perpetual exchange, announced that its smart contracts remain open to all users, including those in the EU. This divergence underscores the regulatory impact of MiCA, which mandates that centralized platforms comply with stringent authorization and operational requirements, while decentralized protocols like GMX are less affected due to their lack of a centralized operator. The new rules, effective July 1, 2026, conclude an 18-month transition period for EU-based Crypto-Asset Service Providers (CASPs) to comply or cease operations.
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Key Takeaways Market activity suggests a possible decrease in Bitcoin’s future price expectations, with implications that regulatory pressures like MiCA could hinder market growth. GMX’s ability to operate outside MiCA’s scope could provide it an advantage over centralized platforms now facing stricter compliance requirements. The adjustment in Bitcoin market pricing appears consistent with participants viewing regulatory developments as a constraint on the cryptocurrency reaching higher price targets. What to Watch The EU’s MiCA regulations have introduced significant changes for crypto platforms, with centralized exchanges facing new compliance hurdles. Observers should monitor how these developments affect user behavior and market dynamics, particularly if decentralized platforms like GMX attract users from centralized exchanges. Additionally, the response from key market actors and potential regulatory adjustments will be crucial in determining the future landscape for crypto assets in the EU.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 1.8% — — View market → December 31 2.1% — — View market → December 31 2.3% — — View market → December 31 3% — — View market → December 31 5.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 44.5% — — View market → January 1 2027 8.5% — — View market → January 1 2027 1.7% — — View market → January 1 2027 2.4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 82% — — View market → January 1 2027 15.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 4.2% — — View market → January 1 2027 62.5% — — View market → January 1 2027 29% — — View market → January 1 2027 11.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.3% — — View market → January 1 2027 2.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 1% — — View market → January 1 2027 12% — — View market → January 1 2027 20.5% — — View market →
Robinhood spustil veřejný mainnet Robinhood Chain a zároveň uvedl Stock Tokens i on-chain půjčování přes Morpho. Firma také chystá obchodování s kryptoměnami ve Velké Británii a rozšiřuje služby do Kanady a Singapuru.
At a London keynote, the trading platform opened its Arbitrum-based Layer 2 to the public, rolled out new stock tokens and a Morpho-powered lending product, and confirmed launches in Canada and Singapore alongside plans for crypto trading in the UK.
Robinhood put its blockchain ambitions into production on July 1, launching the public mainnet of Robinhood Chain and pairing it with a wave of trading and lending products built to run on top of it.
The announcements came during a keynote called "Robinhood Presents: The World is Flat," streamed live from the Old Royal Naval College in London and hosted by CEO Vlad Tenev and Johann Kerbrat, SVP and General Manager of Crypto and International.
"Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate," Kerbrat said in the announcement. "We're bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe."
Robinhood Chain Moves From Testnet to MainnetRobinhood Chain first went live as a public testnet in February, when the company launched the Arbitrum-based Layer 2 at Consensus Hong Kong. The network is now live in production, with Robinhood describing it as an institutional-grade, permissionless chain built for tokenized real-world assets and DeFi primitives like onchain lending and borrowing.
Uniswap is deploying a dedicated automated market maker on the chain to act as a public liquidity venue, and a firm called Pleiades is deploying its own AMM as a proprietary trading venue, according to Robinhood. The company also named Alchemy, BitGo, and Chainlink as infrastructure partners providing custody, oracle, and data services.
Stock Tokens Go Live in the Robinhood WalletRobinhood is rolling out a new version of its tokenized-equity product, called Stock Tokens, inside the Robinhood Wallet in more than 120 countries, though availability depends on jurisdiction. Under the new structure, eligible users can trade around the clock on Robinhood Chain and use the tokens as collateral or deposit them into lending pools across DeFi. Trading will route through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus, and 1inch.
Per Robinhood's disclosures, Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of the underlying stock but do not confer any legal or beneficial ownership in the security itself — a distinction that drew scrutiny when Robinhood first launched tokenized shares of OpenAI and SpaceX in the EU last year and OpenAI publicly said it had not endorsed or partnered on the product. The original version of the product, now called Classic Stock Tokens, remains available as a derivative contract through the Robinhood Europe app.
Stock Tokens are not available to US persons and are restricted in a number of other jurisdictions, including Canada, the UK, Switzerland, and the UAE, according to Robinhood.
Onchain Lending Robinhood is also rolling out Robinhood Earn to eligible US users, a self-custody lending product that lets people lend USDG for an estimated 7% APY. Robinhood said the lending runs on Morpho, the lending protocol that currently holds roughly $6.6 billion in total value locked across chains, according to DefiLlama.
Robinhood named Steakhouse, Ethena, Spark, and Maple as partners on the product and said losses from cyber or smart-contract exploits are covered by insurance procured through Lloyd's of London and RELM.
Perpetuals Expand in the Wallet and in EuropeRobinhood updated its self-custody Wallet app to integrate more directly with Robinhood Chain, and eligible users in select jurisdictions can now trade perpetual futures on Lighter, a decentralized derivatives exchange, from within the Wallet.
Lighter said it has committed $11 million worth of its LIT token to Robinhood users, who can earn points toward that allocation at a 2x rate when trading through the Wallet versus 1x on Lighter's own app. LIT was trading around $1.65 on CoinGecko at time of publication, with the token's most recent moves tied to momentum around the CLARITY Act, US market-structure legislation, rather than the Robinhood integration.
Separately, Robinhood is expanding perpetual futures in Europe beyond crypto for the first time. Eligible EU users can now trade perpetuals on commodities, ETFs, and FX pairs — including gold, silver, QQQ, EUR/USD, WTI and Brent crude, and EWY — with up to 10x leverage, rolling out in waves. Crypto perpetuals became one of Robinhood's fastest-growing products in Europe after the company expanded its regulated platform to 30 EU and EEA countries last year.
In the US, Robinhood is introducing maker order types for crypto traders, with fees as low as 0% based on volume for professional and advanced traders providing liquidity.
Global FootprintRobinhood said it now serves nearly 28 million customers across 38 countries on three continents, and it paired the keynote with several regional updates.
Robinhood said it plans to launch crypto trading in the UK "soon," a step that would add crypto to the equities, options, and futures products already offered through Robinhood UK Ltd, which is regulated by the Financial Conduct Authority.
In Canada, Robinhood said its app is now officially available to Canadian residents, following the close of its acquisition of WonderFi, the parent company of crypto platforms Bitbuy and Coinsquare. Crypto services in Canada are offered through Coinsquare Capital Markets Ltd., and Robinhood said Canadian customers will pay zero trading commissions through September 30.
Robinhood Singapore said it has received a capital markets services licence from the Monetary Authority of Singapore, which the company described as a significant step toward offering brokerage services in the country. MAS had granted Robinhood in-principle approval for the licence in April, according to earlier reporting, meaning Wednesday's announcement marks the conversion of that preliminary approval into a full licence.
Agentic Trading Extends to CryptoRobinhood is preparing to expand Agentic Trading to crypto for eligible US users. The company introduced Agentic Trading and the Agentic Credit Card in late May, letting customers connect third-party AI agents to a dedicated account through Robinhood's Trading MCP server; that initial beta supported equities, with options and other asset classes described as coming later.
Robinhood said the crypto version will let eligible traders connect an AI model of choice to Robinhood's data and execute strategies automatically, while giving users control over capital allocation and safety guardrails. The company said Agentic Trading for crypto will roll out at no additional cost.
Robinhood's own disclosures caution that agentic trading carries the risk that AI agents can misinterpret instructions, act on outdated information, or behave unexpectedly, and that the company does not guarantee the accuracy of any agent-generated trade.
Robinhood shares (NASDAQ: HOOD) were trading around $108, up more than 7% on the day, according to StockAnalysis.com — a move that predates the keynote and tracks with strong preliminary June trading volumes and a string of Wall Street price-target increases in the days before the event, rather than a reaction to Wednesday's announcements.
Gate Europe získala licenci MiCA CASP i licenci platební instituce, což jí poskytuje regulovaný rámec pro provoz v Evropě. V EU nyní bez schválení nesmějí působit neregulované kryptoburzy a platformy cílící na klienty z EU.
The MiCA deadline is here, which means the European market is now closed to unlicensed crypto exchanges and platforms targeting EU clients. MiCA is the biggest regulatory overhaul in digital asset history. The new framework has seen many giant exchanges like Binance exit the €10 billion market. However, some exchanges, like Gate, have successfully achieved this regulatory milestone.
So, what is the secret behind the MiCA success? The case of Gate, a crypto exchange with over 54 million global users, can provide some insight.
The MiCA Maze: A Challenge Worth Facing? MiCA has replaced Europe’s fragmented national crypto rules with a common framework for issuers and crypto-asset service providers. The regime puts authorisation, governance, client protection, operational controls, and market integrity at the centre of crypto activity in the EU.
Gate Europe enters this period with two important approvals in place. The company obtained a MiCA CASP license and a Payment Institution license at an early stage, giving its European business a regulated base for digital asset services, payment activity, and long-term regional expansion.
Platforms serving EU users now need stronger internal controls, compliance teams, reporting systems, and governance processes. Users and institutions are also placing greater focus on regulatory oversight when choosing where to trade, hold assets, or build partnerships.
The grace period closes on July 1, 2026. This period allowed crypto-asset service providers already active in the EU before MiCA’s main CASP rules applied on December 30, 2024, to continue operating temporarily while seeking authorization from their national regulator. After July 1, platforms without approval must complete their exit from the European market.
Individual users now have more information for evaluating platforms. A licensed provider operates under defined rules covering client assets, complaints, conflicts of interest, and business conduct. These standards give users a stronger basis for comparing platforms beyond fees, token coverage, and app design.
Institutional clients face an even higher bar. Banks, asset managers, fintech firms, and professional trading desks need crypto counterparties capable of passing compliance reviews, vendor checks, and legal assessments. MiCA gives these clients a common European benchmark for assessing regulated crypto service providers.
Gate’s Licensing Journey Was Eight Years in the Making Gate Europe’s compliance path began in 2018, years before MiCA became the central EU framework for crypto-asset service providers. The company describes its European regulatory work as a multi-year process built through early registrations, internal compliance development, and engagement with regional authorities.
Securing a MiCA license requires an application plus governance, risk controls, reporting procedures, operational oversight, and compliance systems capable of meeting financial supervision standards. These elements require investment across legal, product, security, finance, and management teams.
Gate Europe’s early preparation gave the company more time to build those capabilities before the final MiCA grace window. By the time authorization became central to EU market access, Gate Europe had already developed a regional compliance base designed for a supervised market.
The company’s MiCA license now supports regulated crypto-asset services across Europe, while its Payment Institution license strengthens the link between digital asset activity and payment services. Together, these approvals give Gate Europe a more complete regulatory foundation in the region.
“Europe is setting a high standard for digital asset regulation, and we view compliance as the foundation for sustainable growth in the region,” said Dr. Giovanni Cunti, CEO of Gate Europe. “We remain focused on building a secure and trusted platform for our users.”
The Licence is Only the Start Gate now faces the harder part of MiCA: maintaining the standard after approval. Authorisation gives the company market access, but supervision will test how well its controls work in practice.
That means keeping client assets properly protected, managing conflicts of interest, maintaining reliable reporting, strengthening complaint handling, and ensuring that governance decisions match regulatory expectations. It also means proving that growth across Europe does not weaken internal controls.
It’s 8-years of preparation and a head-start does give the exchange a competitive advantage that others have failed to achieve or sustain in this market.
Elizabeth Warren chce přísnější pravidla, která by Donaldu Trumpovi a jeho rodině zabránila vydělávat na kryptu. Nové finanční přiznání ukázalo příjmy přes 1,2 miliardy USD v roce 2025.
Sen. Elizabeth Warren (D-Mass.) pushed for stronger legislation to bar President Donald Trump and his family from profiting off cryptocurrency, after new disclosures on Tuesday revealed income in excess of $1 billion in 2025.
Warren Demands Improved Crypto BillWarren said that the cryptocurrency legislation, i.e., the Clarity Act, eligible for a full floor vote in the Senate, must have provisions to stop Trump and his family from making money from cryptocurrency ventures.
Steve Rattner, a well-known Wall Street financier, weighed in on the financial benefits of the “Trump family’s White House self-dealing.”
‘Not A Good Look’Lawrence Lepard, an investment manager and Austrian economist, said that the disclosure didn’t give a “good look” and could spark political backlash against cryptocurrency if Democrats regain power.
Former Trump White House lawyer Ty Cobb was sharply critical of Trump’s cryptocurrency fortune, deeming it as “greatest onslaught of corruption in the history of mankind.”
Trump Made A Bomb With CryptoAccording to financial disclosure released on Tuesday, Trump’s cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.
The windfall included over $520 million from the sale of tokens issued by World Liberty Financial and more than $635 million in royalties collected from the Official Trump (CRYPTO: TRUMP) memecoin.
The White House didn’t immediately return Benzinga’s request for comment.
Photo courtesy: Sheila Fitzgerald on Shutterstock.com
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Vývojáři Bitcoinu řeší BIP-110, který by omezil typy transakcí jen na platby a peer-to-peer převody. Debata míří hlavně na Ordinals a Runy, ale nejde o plánovaný hard fork.
A new Bitcoin improvement discussion is putting one of the network’s most divisive questions back in the spotlight: what should Bitcoin block space be used for? BIP-110, a proposal under developer discussion, aims to limit transaction types to payments and peer-to-peer transfers, a move that could affect inscription-heavy activity such as Ordinals and Runes.
TL;DR Bitcoin developers are discussing BIP-110. The proposal would aim to filter transaction types viewed as on-chain spam. Ordinals and Runes traffic sit at the center of the debate. BIP-110 is a proposal, not an active or scheduled hard fork. The debate is not new. Since Ordinals brought inscription-style activity to Bitcoin, users have argued over whether that demand is a healthy fee market or a misuse of the chain. Supporters say Bitcoin is a permissionless network and users should be free to pay for block space. Critics argue that non-payment data clogs the network and moves Bitcoin away from its original monetary purpose.
The payment purist argument The case behind BIP-110 is rooted in a simple view of Bitcoin: the network should prioritize payments and value transfer. From that perspective, transactions that carry inscription data are treated as a distraction from Bitcoin’s core function. If the network becomes too congested with non-payment traffic, regular users may face higher fees and slower confirmation times.
That argument has gained renewed attention because Ordinals and Runes reportedly account for a large share of current Bitcoin network traffic. Some estimates place inscription-related activity at more than two-thirds of traffic. Even if that figure changes over time, it explains why the issue keeps returning. Block space is scarce, and everyone using Bitcoin is competing for it.
The open block-space argument The other side sees the proposal very differently. For Ordinals and Runes supporters, the point of Bitcoin is that users can broadcast valid transactions without asking permission. If someone pays the fee and follows consensus rules, they argue the network should not decide whether the transaction is morally or culturally acceptable.
There is also an economic argument. More activity means more fees. As Bitcoin’s block subsidy continues to decline over time, transaction fees become increasingly important for miner revenue. From that view, inscriptions may be messy, speculative, or even annoying, but they also help build the fee market that Bitcoin eventually needs.
Proposal, not policy The most important caveat is that BIP-110 is not a scheduled hard fork and should not be reported as one. It is an active proposal and debate. Bitcoin’s development process is deliberately slow, conservative, and difficult to force through. A technical idea can create a lot of noise without ever becoming network policy.
Still, the conversation matters because it shows Bitcoin’s identity debate is far from settled. Is Bitcoin only money, or is it a settlement layer where any valid transaction can compete? BIP-110 may or may not advance, but the argument around it will continue to shape how users, miners, and developers think about the network’s future.
For readers, the next few sessions matter because Bitcoin often needs confirmation from several places at once: spot demand, exchange flows, derivatives positioning, and the broader macro mood. One signal can start the conversation, but the stronger read comes when those signals begin lining up.
This report is based on information from Bitcoin BIPs GitHub Repository.
This article was written by the News Desk and edited by Samuel Rae.
Ripple chce z XRP Ledger udělat hlavní blockchain pro institucionální platby a přirozený domov pro regulované stablecoiny. Monica Long to potvrdila po zapojení Ripple do Open USD jako partnera pro denní integraci.
Cover image via U.Today 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.
Ripple President Monica Long recently shared a vision for the future of digital payments. "The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure," said the Ripple President.
The future of payments will be multichain, interoperable, and built on institutional-grade blockchain infrastructure.
Our focus is simple: continue making the XRPL the leading blockchain for institutional payments – and a natural home for the next generation of key regulated… https://t.co/8Pc5Yleskr
— Monica Long (@MonicaLongSF) June 30, 2026 Long was reacting to recent developments, including Ripple joining the Open USD stablecoin as a day-one integration partner, highlighting the company's commitment to open, multichain infrastructure that supports institutional adoption across the digital asset ecosystem.
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Open USD, a dollar-pegged stablecoin, was launched by a consortium of more than 140 financial and technology companies, including Visa, Mastercard, Stripe and Coinbase, on Tuesday.
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The roll call of backers resembles a cross-section of Wall Street and Silicon Valley. Ripple, BlackRock, BNY, Standard Chartered, Google and Shopify are all listed as founding partners.
With financial institutions showing growing interest in blockchain-based settlement and regulated stablecoins, Ripple President Long highlights the company's long-term strategy for expanding the role of the XRP Ledger, XRP and RLUSD in institutional finance.
XRP, XRPL and RLUSD vision outlinedAccording to Long, Ripple's focus remains simple: to continue making the XRP Ledger the leading blockchain for institutional payments. This demonstrates that Ripple is positioning the XRP Ledger as infrastructure for institutions seeking blockchain-based settlement solutions.
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Ripple is also concentrating its efforts to make the XRP Ledger a natural home for the next generation of key regulated stablecoins while growing the utility and adoption of RLUSD and XRP globally.
Long's comments show Ripple's commitment to enhancing the real-world utility and adoption of XRP alongside RLUSD as institutional demand continues.
Ripple Prime processes over $3 trillion annually on behalf of over 300 institutional clients, according to Mike Higgins. During a recent discussion, the Ripple Prime CEO shared where the infrastructure is headed next in an effort to bring the prime brokerage and clearing layer directly onto the XRP Ledger.
Klíčový whale indikátor pro XRP se po téměř čtyřech měsících obrátil do záporu a poprvé od února vysílá prodejní signál. Současně funding rate na Binance klesl na téměř -0,0139, nejníže za více než tři měsíce.
In a major XRP news today, a key on-chain whale indicator flipped negative for Ripple’s native crypto asset XRP. The on-chain metric now flashes a sell signal for the first time since February. Will XRP price witness further selling pressure and drop below $1 in the coming days amid growing headwinds?
Ripple Whale Flow Turns Negative for the First Time in 4 Months The XRP Whale Flow 30-DMA metric has now flipped negative, according to CryptoQuant on-chain data. This marks the first time the key Ripple whale indicator signaled selling pressure among whales after nearly 4 months.
XRP faced renewed distribution pressure over the past few weeks despite XRP Ledger upgrades, with Ripple whales liquidating their holdings. XRP price top in mid-May coincided with sustained whale distribution and a subsequent correction.
As CoinGape warned earlier, XRP whale activity has kept declining since early May. The whale accumulation dropped from 9-13 million daily whale activity to nearly 4 million XRP per day.
On Tuesday, whale flow dropped to 1.24 million. This indicates a shift in whale behavior amid rising uncertainty and a broader crypto market crash.
Ripple executive chairman Chris Larsen’s wallet addresses also became active again during this period. However, the transfers were significantly lower to shake XRP price.
XRP Whale Flow. Source: CryptoQuant XRP Funding Rates on Binance Hit 3-Month Low As XRP price failed to build upside momentum, funding rates for XRP perpetual contracts on Binance continued to fall. This indicates increasing selling pressure for Ripple’s native crypto asset in the derivatives market.
According to the latest funding rates data, the funding rate has fallen to almost -0.0139, the lowest level in more than three months. This means a shift in trader sentiment toward short positions.
Funding rates have fluctuated between positive and negative values over the past few months, triggering rising XRP prices and increased demand for long positions. However, this balance gradually shifted as bullish momentum weakened.
While persistently negative funding rates reflect weak market sentiment, reaching extremely low levels can sometimes trigger a short squeeze.
XRP Funding Rates. Source: CryptoQuant Will Price Fall amid Bearish XRP News? XRP price fell to a 24-hour low of $1.02 in the past 24 hours. But the price has since rebounded to $1.04, with a 24-hour high of $1.05. Moreover, trading volume has remained low in the past few days, indicating a decline in interest among traders.
Analyst Ali Martinez pointed out that XRP price could find support at $0.90. He highlighted that the UTXO Realized Price Distribution (URPD) on-chain data showed $0.80, $0.62, and $0.51 as key support levels to watch.
Moreover, XRP futures open interest fell nearly 2% to $2.28 billion as the Clarity Act passing odds tanked. The total open interest dropped more than 0.50% on CME and more than 2.30% on Binance.
Moreover, spot XRP ETFs recorded $2.83 million in net outflows on Tuesday, with Bitwise XRP ETF recording $5.82 million in redemptions. Also, Canary’s XRPC saw $2.99 million in inflows.
JPMorgan has voiced its support for the CLARITY Act, a legislative proposal designed to bring clearer rules to digital assets in the United States. Arguing that a transparent and consistent regulatory framework is vital for the growth of the crypto sector, the bank also cautioned that regulation should not be rushed.
Cautious optimism alongside support for regulationIn a joint opinion piece, JPMorgan executives Umar Farooq and Peter Muriungi stated that digital assets have moved beyond the realm of experimentation and are now becoming core elements of modern finance. The pair highlighted the growing use of digital assets in payment systems, trading, settlement, and cross-border transactions.
Umar Farooq and Peter Muriungi emphasized that digital assets have left behind their experimental phase, and are now a visible part of the financial infrastructure, from payments to international transfers.
According to the executives, the next frontier in financial innovation will be tokenization and programmable money. By moving real-world assets onto blockchain networks and automating transactions through smart contracts, processes such as settlement can be accelerated, costs lowered, and global payments made more efficient.
Glossary: Tokenization refers to creating a digital representation of real-world assets—such as stocks, bonds, or real estate—on a blockchain. Programmable money describes digital currencies that can transfer automatically when certain conditions are met.
Still, JPMorgan stressed that innovation should be matched by robust safeguards. The bank argued that an effective legal framework must clearly define consumer protections, market integrity, and the responsibilities of regulatory bodies. Without these, there is a risk that vulnerabilities will shift to less well-supervised areas.
Why this matters for Ripple and XRPThis approach carries particular significance for XRP and Ripple. Ripple has long grappled with regulatory uncertainty in the US. Its high-profile legal battle with the SEC concluded in August of last year. Despite some notable court victories for Ripple, a comprehensive framework governing the oversight of digital assets remains unresolved.
The CLARITY Act is designed to reduce this uncertainty and distribute regulatory responsibilities more clearly. With more defined rules, banks, fintechs, developers, and institutional investors could be expected to place greater trust in blockchain-based financial products.
Potential boost for institutional adoptionClearer regulation could provide a favorable environment for Ripple, which aims to enable faster and lower-cost cross-border payments. As the legal landscape becomes more defined, financial institutions may be more inclined to integrate Ripple’s payment technology and use XRP as an on-demand liquidity bridge asset.
JPMorgan’s support highlights a growing shift toward blockchain-backed financial infrastructure on a broader scale. Should the CLARITY Act become law, it is expected to reduce at least part of the regulatory uncertainty seen as a major obstacle to institutional participation.
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.
Ripple has released 1 billion XRP into the market squarely on schedule.
Executed in the early hours of July 1, the release follows a predetermined, mathematically enforced cryptographic schedule that has governed the asset's supply since 2017.
According to on-chain tracker Whale Alert, the 1 billion tokens (valued at approximately $1.04 billion) were released across three separate tranches.
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On-chain data logged the transactions taking place at approximately 07:30 AM, confirming the exact 1 billion token figure. The funds were released from Ripple's escrow accounts in three distinct instalments.
Ensuring predicability The mechanism behind this massive monthly release is fully automated and hardcoded into the ledger. In December 2017, Ripple sought to eliminate fears of a sudden market dump by placing 55 billion XRP into a series of smart-contract-based escrows on the XRP Ledger. The system is programmed to release a maximum of 1 billion tokens on the first day of every month.
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A billion tokens unlocked does not mean a billion tokens flood the open retail market. Historically, Ripple returns a significant majority (often between 600 million and 800 million XRP) back into new escrow contracts shortly after the unlock, keeping only a fraction for operational expenses and institutional sales.
The primary metric the market watches is not the unlock itself, but rather the subsequent "re-escrow" transactions that typically follow within 24 to 48 hours. Those secondary transactions dictate the net new supply actually entering circulation for the month.
As reported by U.Today, CTO Emeritus David Schwartz addressed speculation that Ripple's XRP escrow could run dry by 2035. He stated that pinpointing an exact year is impossible because it depends entirely on Ripple's future operational needs and how much of the monthly 1 billion unlocked XRP gets returned to escrow.
In the meantime, crypto commentator Bill Morgan recently urged Ripple to speed up the release of its escrowed XRP tokens instead of continuously re-locking them. He argues that getting the circulating supply to 100% faster would allow XRP to quickly become "the best hard money."
Current estimates suggest it will take another nine years (around 2035) for Ripple’s remaining stash of roughly 38.15 billion XRP to be completely emptied.
XRP a HYPE ETF v červnu přilákaly čisté přílivy 59 milionů USD a 161 milionů USD. To naznačuje rostoucí institucionální zájem navzdory odlivům z Bitcoin ETF a Ethereum ETF.
XRP and HYPE ETFs saw significant net inflows in June 2026, amounting to $59 million and $161 million, respectively, according to CoinDesk. This development contrasts with the broader trend of outflows in Bitcoin and Ethereum ETFs during the same period. These inflows may indicate increased institutional interest in these assets, supported by regulatory developments such as the CLARITY Act for XRP and strong on-chain demand for HYPE. XRP’s price hovered around $1.30 in early June, while HYPE reached approximately $57, close to its all-time high.
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Key Takeaways XRP and HYPE ETFs’ net inflows in June suggest growing institutional interest, contrasting with outflows in other crypto ETFs. Market pricing suggests that the inflow into XRP ETFs could influence XRP’s price, potentially pushing it higher. Regulatory clarity and robust on-chain demand appear to support these inflows and the positive market sentiment surrounding XRP and HYPE. What to Watch Watch for the potential impact of regulatory developments, particularly the passage of the CLARITY Act, which could further influence XRP’s price movement. Additionally, any significant announcements from major asset managers regarding XRP ETFs might affect the pricing. Observing XRP’s ability to break resistance levels, such as $1.45, and market reactions to broader crypto trends will be crucial in the coming days.
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Term Structure
Contract Odds Δ since publish Volume 24h July 6 1.8% — — View market → July 6 26% — — View market → July 6 55.5% — — View market → July 6 1.4% — — View market → July 6 2.2% — — View market →
REAL spustil soukromou vrstvu pro vypořádání pro banky a fondy, která jim umožní spravovat tokenizovaná aktiva onchain s ochranou soukromí. Zúčtování probíhá na Ethereum.
REAL launches a confidential execution layer using ZKsync's Prividium tech, letting banks and funds manage tokenized assets onchain with privacy controls and Ethereum settlement.
REAL, a blockchain infrastructure provider focused on tokenized real-world assets, has rolled out a confidential execution layer aimed at regulated financial firms that want to operate onchain without broadcasting every move.
The new layer runs parallel to REAL's public Layer 1 network and uses ZKsync's Prividium technology, which gives banks, asset managers, and funds privacy controls over positions, allocations, and counterparty data. Settlement still happens on Ethereum, so institutions retain access to public liquidity even while keeping sensitive activity off the open network.
For years, regulated firms have faced a structural tradeoff. Public blockchains offer global reach, near-instant settlement, and composability, but they also expose treasury strategies, portfolio positions, and trading relationships to anyone watching the chain. That visibility has kept many of the largest potential participants out of the tokenized real-world asset market, even as issuance volumes climbed.
REAL is positioning the confidential layer as a direct response to that gap. The architecture lets firms keep privacy and public settlement together, with the confidential chain handling sensitive activity while the public chain provides access to onchain liquidity.
"Institutions shouldn't have to choose between public liquidity and operational privacy. We're building infrastructure that delivers both," said Ivo Georgiev, CEO of Real Finance.
The company's view is that issuance volumes alone will not define the next phase of tokenization. What matters is whether institutions can run their daily operations on these systems.
The new layer is designed around workflows where confidentiality is a baseline requirement: wealth and asset management mandates, balance sheet operations, tokenized deposit structures, and selective disclosure to auditors, compliance officers, and regulators when a review calls for it. Firms still get blockchain-native settlement and distribution, but their portfolio activity does not sit in plain view.
The release extends REAL's broader pitch around the lifecycle of tokenized real-world assets, which spans issuance, risk assessment, insurance, trading, and institutional execution under one compliance-aware architecture. The company has been building toward an environment where regulated capital can move onchain without forcing operators to rebuild reporting and oversight processes from scratch.
"This is about giving institutions a practical path into onchain finance," Georgiev added. "Real-world assets onchain require infrastructure that reflects how regulated finance actually operates. That's what we're building."
Tokenized real-world assets have drawn growing interest from major banks, asset managers, and other regulated firms over the past two years. The pitch is straightforward: blockchains can move money and assets faster and at lower cost than legacy rails. The friction has come from infrastructure that does not match how institutional desks actually operate, especially around confidentiality of positions and counterparties.
REAL is built on Cosmos Tendermint and uses a dual-validator model that includes both technical validators and business validators such as tokenizers, risk scorers, insurers, and credit agencies. Prividium, the underlying privacy infrastructure for the new layer, is ZKsync's product for regulated entities seeking configurable confidentiality and Ethereum settlement.
The company is headquartered in Sofia, Bulgaria.
Author
BSCN
BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.
Arkham uvedl, že Winklevossovi přesunuli na Gemini BTC za 60 milionů USD a ETH za 7 milionů USD, což podle něj odpovídá prodejním vzorcům. Bitcoin i Ethereum zůstávají pod tlakem.
Winklevoss Twins are moving Bitcoin (BTC) and Ethereum (ETH) to Gemini crypto exchange, blockchain analytics firm Arkham Intelligence flagged the transfers as selloffs by Cameron and Tyler Winklevoss. Meanwhile, BTC and ETH prices continue to remain under pressure.
Winklevoss Twins Are Dumping Bitcoin and Ethereum to Gemini Arkham Intelligence reported on July 1 that the Winklevoss Twins transferred $60 million in Bitcoin (BTC) to hot wallets associated with their Gemini crypto exchange. The blockchain analytics firm claimed that the move signals usual selling patterns.
The Winklevoss Twins have made about $1.7 billion in total Bitcoin profit since 2015. They still hold over $300 million in BTC.
In addition, they moved $7 million in Ethereum (ETH) to Gemini hot wallets from custody. These transfers come amid recent weakness in the broader crypto market. Also, it coincided with a significant drop in odds of the Clarity Act passing this year after President Trump disclosed $1.4 billion in crypto windfall.
Cameron and Tyler Winklevoss last transferred Bitcoin worth $67.5 million to hot wallets associated with their Gemini crypto exchange in June. They also transferred $130 million in March this year.
Winklevoss Twins Move Bitcoin and Ethereum to Gemini. Source: Arkham BTC and ETH Prices to Fall Deeper? Citigroup further lowered its 12-month price forecasts for Bitcoin and Ethereum. Citigroup cut Bitcoin price target from $112,000 to $82,000 and Ethereum price target from $3,175 to $2,240.
Bitcoin price tanked to a low of $57,747 over the past 24 hours and is currently trading near $58,600. Furthermore, trading volume has increased by 9% over the last 24 hours, but $4.5 billion in net outflows from Bitcoin ETFs in June kept investors at bay.
Analyst Ted Pillows said “Sellers are still dominating, while Coinbase Bitcoin Premium is at its lowest level this cycle.” If Bitcoin loses the $57,000-$58,000 zone, the price could drop deeper towards $50K.
Bitcoin Price in Daily Timeframe. Source: Ted Pillows Meanwhile, Ethereum price is trading 1% lower at $1,572. The intraday low and high are 1,549 and 1,600, respectively, with a further drop in trading volume over the past 24 hours.
Analyst Cheds Trading pointed out that Ethereum has made its lowest monthly close since 2023. Also, the monthly chart has formed Red Marubozu pattern, indicating bearish continuation.
Ethereum Monthly Price Chart. Source: Cheds Trading If you’re looking to buy the dip in the crypto market across both centralized and decentralized lending models, check out our Best Crypto Loan Platforms of 2026 recommendations list.
Crédit Agricole prostřednictvím CACEIS vydává na Ethereu eurový stablecoin EURXT v souladu s MiCA. Startuje s počátečním oběhem 20,02 milionu tokenů a je určen pro institucionální klienty.
CACEIS Brings Institutional Euro Stablecoin to EthereumCrédit Agricole, Europe's third-largest bank by assets, has launched the EURO eXchange Token (EURXT), a euro-backed stablecoin issued through its asset-servicing arm, Crédit Agricole Caisse d'Epargne Investor Services (CACEIS). The token is designed for institutional and corporate clients as part of the group's broader push into tokenized financial infrastructure.
Compliant with the EU's Markets in Crypto-Assets (MiCA) regulatory guidelines, EURXT launched with an initial circulating supply of 20.02 million tokens on Ethereum using the ERC-20 standard, backed 1:1 by euro-denominated cash held on CACEIS Bank's balance sheet. According to the project's white paper, there is no hard cap on EURXT issuance, meaning the supply can expand based on demand through its smart contract system.
One notable feature is that this is a bank-issued EMT, where the CACEIS balance sheet backs the token, with plans to segregate reserves internally, including CACEIS cash and up to 70% in highly liquid securities. The minimum subscription amount is set at €10,000, keeping the product firmly within institutional territory for now. The token will initially be made available to institutional and corporate clients of CACEIS, though the project's website indicates plans to support retail investors in the future.
First Use Case and Broader Market ContextAlongside the EURXT launch, Crédit Agricole announced the first subscription via EURXT into a tokenised Amundi money market fund, described as a European first. The token forms part of the group's ACT 2028 strategy, which includes the development of blockchain-based settlement and asset servicing tools.
The launch comes a year after CACEIS secured a MiCA crypto-asset service provider (CASP) license from French regulators in June 2025. The launch of EURXT adds to a wave of fresh stablecoin launches both in Europe and globally as traditional finance and crypto-native companies compete to issue regulated digital euros and dollars. HSBC and BNP Paribas, Europe's top two banks by assets, last September joined the Canton Foundation to accelerate tokenization of institutional real-world assets, while a separate consortium of major European lenders including ING, UniCredit, and BNP Paribas is also preparing a competing MiCA-compliant euro stablecoin under the Qivalis venture.
For Crédit Agricole, the EURXT debut represents a concrete step beyond regulatory preparation. With a fully operational EMT on a public blockchain, the bank is positioning CACEIS as a gateway for institutional capital flows into tokenized markets under Europe's mature MiCA framework.
Sources
Cointelegraph: Crédit Agricole Launches EURXT Stablecoin On Ethereum
Ledger Insights: Crédit Agricole launches euro stablecoin via CACEIS
CACEIS Official Announcement
Vznikla nezávislá nezisková organizace Ethereum Institutional, která má urychlit institucionální adopci Etherea. Cílí na banky, správce aktiv a firmy při využití tokenizace, stablecoinů a další onchain infrastruktury.
A new independent nonprofit, Ethereum Institutional, has launched to accelerate institutional adoption of Ethereum, providing banks, asset managers and other enterprises with a neutral point of contact as they evaluate the blockchain for tokenization, stablecoins and other financial applications.The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.A new independent non-profit, Ethereum Institutional, has launched with the goal of accelerating institutional adoption of Ethereum, its layer-2 networks and the broader ecosystem.
The organization is led by David Walsh, Marius Smith and Matthew Dawson. Walsh previously led the Ethereum Foundation's enterprise efforts, while the organization said its leadership brings experience spanning institutional engagement, capital markets and Ethereum ecosystem development. It said its mission is to provide institutions with a neutral, independent point of contact as they evaluate Ethereum for tokenization, stablecoins and other onchain financial infrastructure.
In announcing the initiative on X, Ethereum Institutional said institutions need "a credible, independent front door" to the Ethereum ecosystem. While Ethereum's neutrality is one of its defining strengths, the group argued, that neutrality has often left enterprises without a clear organization to engage as they make long-term infrastructure decisions.
The launch comes as the Ethereum Foundation continues to narrow its role to stewarding the core protocol, with ecosystem participants increasingly spinning up independent organizations focused on specific areas such as business development, institutional outreach and developer support. The shift follows broader changes at the foundation, including leadership restructuring and longstanding community calls for greater transparency.
Ethereum Institutional is also the latest addition to a growing network of Ethereum-focused organizations. It follows the launch of EthLabs, another initiative aimed at strengthening Ethereum's ecosystem, as the network seeks to capitalize on growing institutional interest in tokenization, stablecoins and blockchain-based financial markets.
The non-profit said its work will focus on institutional engagement, market intelligence, ecosystem marketing, industry research and events. It launched with backing from BitMine, Nasdaq-listed SharpLink Gaming and Ethereum co-founder Joseph Lubin, with additional institutional and individual supporters expected to be announced in the coming weeks.
"The world's largest institutions are deciding where tokenization, stablecoins, and onchain markets will settle," the organization said. "We're ready to make Ethereum the base layer for institutional finance."
Read more: Ether’s biggest corporate holders back new Ethereum research hub
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Podíl ETH ve stakingu poprvé překročil 33 % a dosáhl nového historického maxima 33,06 %. Tím se snižuje likvidní nabídka, i když ETH zůstává pod tlakem.
TL;DR Ethereum’s staking rate has climbed above 33% for the first time, setting a new all-time high. Around 33.06% of the total ETH supply is now locked in staking, reducing the liquid supply in circulation. A newly created wallet withdrew 9,876 ETH worth $15.4 million from Binance and staked the entire amount. Ethereum price continues to hold above the $1,550 support level, while $1,700 remains a key resistance to watch. Ethereum staking participation has reached a new milestone, with the network’s staking rate climbing above 33% for the first time since the Merge upgrade. According to CryptoQuant data, approximately 33.06% of the total ETH supply is now locked in staking, marking a new all-time high even as the Ethereum price remains near $1,500.
The latest figures highlight a growing divergence between investor behavior and market performance. While Ethereum’s price has moved through several periods of volatility, staking participation has continued to rise steadily, suggesting that many long-term holders are choosing to lock up their ETH rather than sell during the current market downturn.
Adding to the trend, blockchain analytics platform Lookonchain reported that a newly created wallet withdrew 9,876 ETH, valued at approximately $15.4 million, from Binance before staking the entire amount.
Ethereum Staking Reaches Record High as Investors Lock Up More ETH CryptoQuant’s data shows Ethereum’s staking rate has maintained a consistent upward trajectory since the network transitioned to Proof-of-Stake. The latest increase to 33.06% means that roughly one-third of the total ETH supply is now committed to staking, reducing the amount of Ether available in circulation.
ETH Staking Data | Source: CryptoQuant The continued growth in staking participation suggests that investors remain committed to Ethereum’s long-term outlook despite ongoing market uncertainty. Instead of moving assets to exchanges for potential selling, more holders are choosing to secure the network while earning staking rewards.
Although a rising staking rate does not guarantee an immediate increase in Ethereum price, it does reduce the liquid supply of ETH. If market demand strengthens in the future, a smaller circulating supply could support stronger price movements.
Ethereum Price Holds Key Support but Faces Resistance Ahead While staking continues to set new records, Ethereum price remains under pressure. At the time of the accompanying data, ETH was trading near $1,571, while the CryptoQuant chart showed the asset around the $1,500 level as staking reached its highest level on record.
Technical charts by analysts indicate that Ethereum has so far managed to hold above the $1,550 support area, even as Bitcoin fell to a new yearly low. According to the analyst’s view provided with the chart, Ethereum has displayed relative strength compared with Bitcoin during the recent market decline.
1-day ETH/USDT Chart | Source: X However, the analysis also notes that ETH is not yet out of danger. The chart identifies $1,700 as a key resistance level, indicating that Ethereum would need to reclaim that area before the risk of another move lower begins to ease.
For now, the data points to a market where long-term participation continues to strengthen despite short-term price weakness. With staking at a record high and more ETH being removed from the liquid supply, investor conviction appears to remain intact even as Ethereum price continues to trade below key resistance levels.
EthLabs, nové neziskové výzkumné uskupení, vzniklo uprostřed zásadní personální proměny Ethereum Foundation. Má doplnit práci nadace hlavně v adopci a technickém rozvoji Etherea.
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
We’re giving you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology each week.
This week, we’re diving into the creation of EthLabs, and why it was launched during a period of transition for the Ethereum ecosystem.
EthLabs, Ethereum’s newest nonprofit research organization, has demurred at insinuations that it is attempting to replace a struggling Ethereum Foundation. Instead, its founders, former leaders of the foundation, argue it's a response to a changing Ethereum ecosystem, one where the foundation is narrowing its focus while new organizations step in to tackle broader adoption.
The timing of EthLabs' launch calls that into question.
The organization publicly unveiled itself just one day before there were major layoffs at Ethereum Foundation, and only a few days after co-executive director Hsiao-Wei Wang announced her resignation, adding to what has become a period of significant turnover at Ethereum's most influential institution. Since January, at least nine prominent members of the Ethereum Foundation have departed as the organization undergoes a broader strategic realignment.
For many observers, the departures have fueled questions about the foundation's future role and whether Ethereum's governance model is entering a new chapter. According to EthLabs executive director Ansgar Dietrichs, that transition is exactly why the organization was created.
"We looked around, didn't see anyone else stepping up," Dietrichs told CoinDesk in an interview. "After two months of that, we looked at each other and said, 'Well, if no one else is stepping up, then it has to be us.'"
Dietrichs, along with four other former Ethereum Foundation researchers and developers, some of whom left the foundation just this year to launch EthLabs, a nonprofit dedicated to advancing Ethereum's technical roadmap with a stronger emphasis on real-world adoption.
The creation comes as Dietrichs describes Ethereum as entering a fundamentally different phase of its evolution. "The decade of infrastructure build-out of Ethereum is coming to an end," he said. "Now it's much more about actual institutional adoption."
Over the past decade, Ethereum's developer community focused on building the foundational pieces of the network: from smart contracts and decentralized finance to scaling technologies and layer-2 networks. With those building blocks largely in place, Dietrichs believes the next challenge is ensuring Ethereum can support large-scale financial infrastructure.
"I don't think crypto and Ethereum will ever go back to a time like it was in the past," he said, arguing that the ecosystem has moved beyond the boom-and-bust cycles that previously defined it.
That transition has also reshaped the Ethereum Foundation itself.
Earlier this year, the foundation published a renewed mandate emphasizing Ethereum's core values: including credible neutrality, self-sovereignty and open infrastructure, while reducing its involvement in some implementation-focused initiatives. Combined with ongoing budget constraints, the shift has resulted in restructuring across the organization.
Dietrichs views those changes less as a crisis than an overdue evolution. "It's more a transition period," he said. "Ethereum is now much more intentionally, proactively reorienting itself to be ready for this new time period."
Filling in the gapsBut as the turmoil started to unveil itself at the EF, many have started to wonder whether EthLabs would replace it. Dietrichs sees that rather than competing with the foundation, EthLabs intends to complement it. "We're deliberately positioning ourselves to fill the gaps that the Ethereum Foundation now deliberately leaves," Dietrichs said. "We're not trying to create a competing vision for Ethereum."
Those gaps, he argues, center on adoption-oriented engineering work, like improving Ethereum's scalability, strengthening layer-1 performance, advancing interoperability, and identifying the technical barriers preventing broader institutional use.
"The gap we see is this more practical, adoption-oriented work, making Ethereum, practically useful for the real world," he said. EthLabs plans to continue work its founders previously led within the foundation, including layer-1 scaling research, while expanding into areas like interoperability and engagement with financial institutions exploring blockchain infrastructure.
For that, Dietrichs deliberately chose to structure the organization as a nonprofit, and its sole objective is supporting Ethereum's long-term success rather than generating commercial returns. "The only interest is we help Ethereum," Dietrichs said. "There's no other incentive we have other than we help Ethereum."
A broader vision for EthereumThe changes come as the direction of the Ethereum network is heading for a revamp. For Dietrichs, EthLabs is about more than protocol development. He believes Ethereum itself needs a clearer narrative for what comes next.
"Ten years ago everyone knew what Ethereum was trying to achieve," he said. "Today it's not so clear that there's a shared answer." He sees the coming years as defining Ethereum's role in an increasingly onchain financial system.
"I think there's a world in which Ethereum really is at the very center of the global financial system as it comes onchain," he said.
Whether EthLabs succeeds remains to be seen. As a newly formed nonprofit, it must establish its own funding base while proving it can influence Ethereum's technical direction outside the foundation.
But its emergence reflects something larger than the creation of another Ethereum organization. Many at the top of the industry are pushing for a broader redistribution of responsibility across the ecosystem, one where the foundation is becoming a steward of the protocol's core values, while independent organizations like EthLabs take on the work of driving adoption and implementation.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
The stablecoin market on the Cardano network recorded a double-digit increase over the past week, pushing its valuation above the $60 million mark.
According to data from DeFiLlama, Cardano’s stablecoin market cap climbed to $60.39 million, representing a 14.67% increase over the past seven days. The rise marks one of the strongest short-term expansions in the network’s stablecoin sector in recent months and signals increasing participation in Cardano’s decentralized finance ecosystem.
Cardano Stablecoin Market Cap Soars USDCx Fuels Cardano Stablecoin Valuation The surge came only days after an unidentified user bridged more than $10 million worth of USDCx onto the Cardano blockchain. Several ecosystem participants highlighted the transaction, including Cardano DeFi aggregator DEX Hunter.
Meanwhile, additional USDCx tokens have continued to enter circulation on Cardano. Data shared by SNEK co-founder Rami indicates that roughly $4.5 million worth of USDCx was minted on the network within two days, further strengthening stablecoin liquidity. As a result, the fresh capital inflow has deepened liquidity across the ecosystem.
USDCx, the Circle-backed stablecoin introduced to Cardano earlier this year, has quickly established itself as the dominant stable asset on the network.
Currently, USDCx commands a market share of 59.38%, accounting for $35.85 million of Cardano’s total $60.39 million stablecoin market cap. The rapid growth highlights increasing adoption of the asset as users seek seamless access to cross-chain liquidity within the ecosystem.
Stablecoin Growth Supports Total Value Locked The rise in stablecoin liquidity also lifted Cardano’s total value locked (TVL), which climbed to approximately $82 million earlier this week before retreating to around $75 million following the latest decline in ADA’s price.
Despite the pullback, analysts believe the recent increase in stablecoin reserves provides a stronger foundation for future DeFi expansion on the network. Cardano research analyst Dr. Cuadrado believes the recent influx of stablecoin liquidity marks the beginning of a major growth phase for the ecosystem.
According to him, the most explosive stage of the current bull market could begin once Cardano’s stablecoin market cap surpasses its total value locked. He argued that such a development would signal the presence of excess liquidity waiting to be deployed across decentralized applications.
In his view, higher stablecoin reserves would lead to deeper liquidity pools, increased borrowing and lending activity, larger trading volumes, and more attractive yield opportunities across the network.
ADA Remains Under Pressure Despite Improving Fundamentals Meanwhile, ADA continues to face bearish pressure despite the improvement in on-chain metrics. The asset has gradually slipped down the global cryptocurrency rankings and currently stands as the world’s 18th-largest crypto by market cap.
At press time, ADA had a market valuation of $5.53 billion and traded at $0.1519 per token, representing a 35.43% decrease over the past month.
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.
CSWAP přidal podporu Phantom Wallet do BTC Karma, takže držitelé bitcoinu mohou přímo připojit peněženku a během pár kliknutí stakovat BTC na Cardanu. Firma říká, že tím snižuje bariéry pro vstup bitcoinové likvidity do ekosystému Cardano.
CSWAP has highlighted a new integration aimed at simplifying how Bitcoin holders can participate in decentralized finance on the Cardano network.
The update follows an announcement from BTC Karma, CSWAP’s Bitcoin-native DeFi protocol, confirming support for the Phantom Wallet. With the integration now live, Bitcoin users can connect their Phantom wallets directly to BTC Karma and stake BTC in just a few clicks.
According to BTC Karma, the new wallet support removes onboarding friction and creates a more straightforward path for Bitcoin holders seeking yield opportunities through decentralized finance applications.
CSWAP Positions Wallet Expansion as a Liquidity Gateway Following the announcement, CSWAP emphasized the broader importance of the integration for the Cardano ecosystem.
The protocol noted that every additional wallet it supports lowers the barriers that prevent Bitcoin liquidity from flowing into Cardano-based applications. Consequently, the addition of Phantom support marks another step toward attracting the next generation of Bitcoin DeFi users.
“Every wallet we support makes it easier for Bitcoin liquidity to enter the Cardano ecosystem,” CSWAP remarked.
CSWAP CEO Hints at More Integrations Reacting to the launch, CSWAP founder and CEO Jon Kravetz reiterated the team’s commitment to expanding BTC Karma’s reach across additional wallets and user communities.
He described the Phantom integration as part of a broader effort to extend the BTC Karma ecosystem across the cryptocurrency industry. Furthermore, Kravetz hinted that the team is already developing additional integrations, signaling plans to continue lowering entry barriers for Bitcoin holders interested in Cardano’s DeFi opportunities.
Just added @phantom wallet support on @btc_karma.
We're spreading good $KARMA far and wide.
We're turning bitcoin…in to productive capital one wallet at a time. (There's more coming!) https://t.co/npV7lJoNyQ
— Jon Kravetz (@CSWAP_Destroy) June 30, 2026
For context, BTC Karma is widely regarded as the first Bitcoin-native DeFi protocol operating directly on the Cardano mainnet. The platform serves as a bridge, allowing Bitcoin holders to earn yield and receive new tokens while participating in the Cardano ecosystem.
Notably, the protocol’s design aligns closely with Cardano founder Charles Hoskinson’s vision of bringing idle Bitcoin capital into the ADA ecosystem. Hoskinson argued that Cardano can unlock more than $2 trillion in Bitcoin DeFi opportunities, stressing that the network has a strong chance of becoming a major player in the emerging sector.
Cardano Continues to Expand Its Bitcoin DeFi Ambitions Meanwhile, Cardano continues to advance its broader DeFi strategy through several processes, including Bitcoin integration initiatives.
Earlier this year, Fluid Tokens completed the first atomic swap between Bitcoin and Cardano, demonstrating growing interoperability between the two networks. In addition, Cardano previously introduced its first Bitcoin DeFi protocol, Cardinal, which allows BTC holders to bridge and stake their assets without selling them.
Hoskinson also revealed plans earlier this year to launch a one-click Bitcoin yield system on Cardano before year-end. However, the project has yet to provide an update on its progress.
In the meantime, competition in the Bitcoin DeFi sector continues to intensify, with rivals such as Flare arguing that they are better positioned to lead the race for Bitcoin-based decentralized finance.
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.
TRON Nile Testnet nasadil upgrade GreatVoyage-v4.8.2-PQ1-build1 s podporou postkvantových digitálních podpisů. Jde o první takové řešení na veřejném blockchainu.
Quantum computers can’t break blockchain cryptography today. But “today” has an expiration date, and TRON is apparently not waiting around to find out when it arrives.
On June 30, the TRON Nile Testnet deployed GreatVoyage-v4.8.2-PQ1-build1, an upgrade that introduces end-to-end support for post-quantum digital signatures. The build integrates two NIST-standardized signature schemes into the network’s core functions: transactions, block signing, peer-to-peer handshakes, and smart contract verification through new TVM precompiles.
Two signature schemes, two very different tradeoffs The upgrade introduces FN-DSA-512, based on the Falcon-512 standard, and ML-DSA-44, based on Dilithium-2. Both are algorithms that the US National Institute of Standards and Technology (NIST) has formally standardized for post-quantum use.
The two schemes differ meaningfully in their technical profiles. FN-DSA-512 produces variable-length signatures capped at 667 bytes. ML-DSA-44 outputs fixed signatures at 2,420 bytes. That size difference matters more than it sounds like it should.
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Current ECDSA signatures used by most blockchains, TRON included, run about 64-72 bytes. A jump to 667 bytes is notable. A jump to 2,420 bytes is a different conversation entirely, one that involves bandwidth costs, storage requirements, and downstream effects on every wallet, explorer, and dApp that touches the chain.
Both schemes are activated through separate on-chain committee proposals, meaning the TRON community gets to vote on each one independently after a hard-fork gate.
Why post-quantum matters now Justin Sun announced TRON’s formal post-quantum initiative on April 14, and the Nile Testnet deployment followed roughly eleven weeks later.
The upgrade builds on earlier Nile Testnet iterations. Version 4.8.0 landed in Q1 2025, and v4.8.1 followed in late 2025, both focused on network performance improvements and better alignment with Ethereum Virtual Machine standards. The post-quantum build represents a sharper pivot toward security hardening rather than feature parity.
The infrastructure headache hiding in larger signatures When signature sizes balloon from 72 bytes to potentially 2,420 bytes, every piece of infrastructure downstream needs to accommodate the change. Wallets need to handle larger transaction payloads. Block explorers need to parse and display new signature types. Exchanges that support TRON deposits and withdrawals need to update their signing and verification logic. dApps that verify signatures on-chain need to integrate with the new TVM precompiles.
If post-quantum signatures increase per-transaction data by 10x to 30x compared to current ECDSA signatures, the aggregate bandwidth impact could be material, particularly for super representatives and full nodes.
What this means for investors TRON is positioning itself ahead of most major Layer 1 chains on quantum resistance. Bitcoin and Ethereum have both seen community discussions about post-quantum upgrades, but neither has deployed NIST-standardized PQ signatures on a testnet, let alone a mainnet.
The key metric to watch is whether TRON’s ecosystem of wallets, dApps, and infrastructure providers actually builds out PQ support during the testnet phase. The real test is whether TronLink, major exchanges, and high-volume dApps integrate the new signature types before any mainnet proposal goes to vote.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BNB Agent Studio je nyní spuštěn na BNB Smart Chain mainnetu a umožňuje vytvořit AI agenta z jednoho promptu. Agent si navíc sám doplňuje platby přes x402 a získává onchain identitu přes ERC-8004.
TL;DRBNB Agent Studio is live on BNB Smart Chain. Builders describe an AI agent in one prompt inside platforms like Cursor, Claude Code and other platforms, and it ships to the chain.Agents pay their own LLM bills from a wallet you fund. They top up automatically via the x402 protocol, so the agent keeps running between your wallet refills.Each agent gets an onchain identity via ERC-8004 and a task interface via ERC-8183. Other agents can find it and call it.Open standards across the stack: x402, ERC-8004, ERC-8183. Nothing about the agent is locked into a single vendor.If you want to ship a useful AI agent on chain today, you have to assemble at least five things separately:
A walletAn identityA payment railA hosting environmentAccess to a Large Language Model. Each one is a different vendor, a different SDK, a different login. Every seam in that stack is a place something can break, and every dependency is a future migration headache waiting to happen.
Even when that stack is wired up correctly, the agent often doesn't last long. The moment its language model credits run out, it stops. It has no way to refill its own balance. The result is an agent that looks autonomous until it isn't, and you end up checking on it the way someone checks on a houseplant.
BNB Agent Studio is a developer product that takes those pieces and puts them inside one workflow. You describe the agent in one prompt inside Cursor or your favourite vibecoding platform, and the product handles the rest. Your agent comes out of deployment already paying its own bills and already addressable on BNB Smart Chain.
Inside BNB Agent StudioThe whole flow lives inside an AI IDE. Install the bnb CLI, describe what you want the agent to do, and BNB Agent Studio scaffolds the code, sets up the wallet, registers the agent's onchain identity, and deploys it to a managed runtime.
The pieces underneath:
bnb CLI - A single-line install. Detects supported AI IDEs (Cursor, Claude Code) and registers Studio's MCP server with them automatically.Studio MCP server - Exposes Studio's tools to the IDE, so the AI assistant can scaffold and deploy agents on your behalf.BNB Chain SDK - Runtime layer with primitives for identity, payments, and language model calls. Available in Python today, with additional languages coming.AWS Bedrock AgentCore - Where your deployed agent runs. Agents live on production-grade infrastructure rather than your laptop.x402 payment protocol - The payment rail an agent uses to top up its own balance.ERC-8004 - Agent identity standard. Each deployed agent gets its own onchain identity.ERC-8183 - Agent task interface standard. Other agents can discover and call the one you've built.From One Prompt to a Live AgentThe developer experience is meant to look like a normal coding session.
Local testing happens in the same environment. Once you're satisfied, deployment is a single instruction. Behind that, Studio compiles the agent, pushes it to AWS Bedrock AgentCore, registers an ERC-8004 identity for it, binds its wallet to that identity, registers the ERC-8183 task interface, and turns on the self-funding loop.
Self-funding is the part that does the heavy lifting once your agent is live. Your agent watches its own language model balance. When the balance falls below a threshold, the SDK initiates a payment over x402, drawing from the wallet you funded at deployment and settled in $U on BNB Smart Chain. Your agent stays online during the top-up. When the underlying wallet runs low, you refill it.
Less Plumbing, More AgentWhat changes for you is mostly what you no longer have to build. Wallets, identity, payments, and hosting are part of the product. The SDK ships in Python today, with more languages coming. The CLI works in any MCP-compatible AI IDE, which means your existing Cursor and Claude Code workflows pick up Studio without any extra setup.
Three things to know about how this actually works:
Your agent handles its own credit top-ups, drawing from the wallet you fund. That changes the operational model. An agent you deploy today keeps running without you intervening between tasks. You only step in when the underlying wallet runs low.Open standards are the default. ERC-8004, ERC-8183, and x402 are all open. Nothing about your agent's identity, payments, or task interface is locked to BNB Chain or to Studio.Studio doesn't get in the way of how you build. The user flow above is a reference shape, not a contract. The SDK and CLI work fine if you want to wire things up differently.To get started, read the quickstart in the docs.
Live Today on BNB ChainBNB Agent Studio is live on BNB Smart Chain mainnet. The CLI is publicly available, the SDK installs via pip, and the supported AI IDEs at launch are Cursor and Claude Code, with additional MCP-compatible environments coming through MCP itself.
AWS Free Tier: A Limited-Time Free ExperienceTo support developers, the BNB Agent Studio AWS Free Tier offers a no-cost way to try the full cloud agent deployment pipeline using only a GitHub login with no AWS account or credit card required.
From there you get access to agent creation, cloud deployment, onchain registration via ERC-8004, and ERC-8183 / x402 onchain interactions, all without setting up your own infrastructure first.
This is a limited-time campaign with a capped budget, so access closes once it's gone. Here's everything you need to know about how it works.
Eligibility Dimension
Rule
GitHub account
Must be registered for at least 30 days.
Participation limit
Each GitHub account may participate once only. No re-enrollment.
Network
bsc-testnet only. Mainnet is not supported.
Total campaign budget
Limited on a first come, first served basis. Campaign ends automatically once the budget is exhausted.
Timing Dimension
Rule
Timer start
First successful bag deploy (not at login).
Trial duration
48 hours.
Expiry reminders
CLI reminders at 12 hours and 1 hour before expiry.
On expiry
All cloud resources automatically and permanently deleted. Cannot be recovered.
Login without deploying
Does not count toward the 48 hours. No resources consumed.
Usage limits Limit
Default Value
Invocation rate
60 requests / minute
Concurrent invocations
Max 2
Max single session duration
5 minutes (forcibly terminated on timeout)
Idle auto-reclaim
Reclaimed after 1 minute of inactivity
Max agents per user
10
Deployments per hour
Max 10
Concurrent in-flight deployments
Max 3
Zip package size
≤250 MB
Container image size
≤2 GB
Single request size
Max 10 MB
Campaign End MechanismWhen total campaign spend reaches the budget threshold ($3,000 × 80% ≈ $2,400), campaign end is automatically triggered:
New user entry is immediately closed: Deploy and invoke requests return "Campaign has ended."Users already inside their 48-hour window are unaffected and continue running until their individual expiry.Note: AWS billing has a delay of roughly 24 hours, so the actual trigger point is based on estimated spend reaching the threshold (subject to adjustment). Final spend is determined by actual AWS billing.
Data After ExpiryWhen the 48-hour trial ends, all cloud resources are immediately and permanently deleted and cannot be recovered. Onchain identity and transaction records are permanently retained and unaffected.
Content
Status After 48 Hours
Local code files (main.py, etc.)
Fully retained (stored locally on user's machine)
Onchain identity (ERC-8004)
Permanently retained (on BSC)
Onchain transaction records
Permanently retained (on BSC)
Local wallet files
Retained (stored locally on user's machine)
Cloud AgentCore runtime instance
Permanently deleted
CloudWatch runtime logs
Permanently deleted
ECR images (runtime + user-uploaded)
Permanently deleted
Secrets (wallet keys, etc.)
Immediately and permanently deleted. No recovery window.
S3 code bundle
Permanently deleted
Important:
Always use a testnet-dedicated wallet. Never use a mainnet wallet holding real assets.The system sends CLI reminders before expiry. Back up your local code in time.What’s Next?The current shape of the product is the developer surface for shipping individual agents. Further work covers ecosystem features and additional wallet and language model integrations. None of that is required for you to start building today.
Here’s what’s to come:
Late June 2026 - more options at every step:
TWAK wallet integration as an additional wallet option.BinancePay B402 merchants integration, so agents can purchase CMC data through x402.Microsoft Azure as a cloud runtime option alongside AWS.Free AWS runtime for up to 48 hours.Mid July 2026 - more choice and control:
Developer dashboard to view, pause, and restart agents without touching the CLI.Enterprise-grade security model for agent wallet private keys.Additional wallets to pick from and more data services your agent can pay to use.The roadmap updates regularly as we ship. For the latest, see the BNB Agent Studio page:
bnbchain.org/en/bnb-agent-studio
BNB Chain has been pointing toward a chain where autonomous software does real work for some time. BNB Agent Studio is the developer surface that makes that workable. The product is built for you if you want to ship agents that actually do the work, not chatbots that need supervision.
Britská FCA navrhla u stablecoinů nižší kapitálové rezervy, zatímco EU drží přísnější rámec MiCA. Pro Binance a BNB to znamená větší regulační nejistotu v Evropě.
Let me tell you about a regulatory tug-of-war happening right now that most crypto headlines are ignoring, but that matters a lot for the fourth-largest cryptocurrency. While everyone obsesses over Bitcoin’s slide, two of the world’s biggest financial jurisdictions, the UK and the EU, are quietly pulling in opposite directions on stablecoin rules, and the outcome has real stakes for Binance and its token, BNB. Let me walk you through it.
First, the price. BNB is trading at $546.54, down about 1.3% on the day and 5.7% on the week, holding up roughly in line with the broader market through a rough stretch (live BNB price on CoinGecko). It has been more resilient than many altcoins over the longer run, and there is a structural reason for that, which we will get to. But right now, the interesting story is regulatory.
The tug-of-war: UK versus EU Here is what is happening. The UK’s Financial Conduct Authority just proposed lowering the capital buffers, essentially the financial cushions, that firms must hold against stablecoins. This follows the Bank of England backtracking on limits to how much stablecoin value an individual could hold. The clear direction: the UK is moving to make itself more welcoming to stablecoin businesses.
At the same time, this move directly undercuts the EU’s MiCA framework, which imposes stricter requirements. So you have got two major jurisdictions competing, the UK loosening up to attract crypto business, the EU holding a tighter line. For a global company, that competition creates both opportunity and complication: friendlier rules somewhere, tighter rules elsewhere, and the constant challenge of navigating both.
Why this matters for BNB specifically Now here is the connection to BNB, and it is a direct one. Unlike most cryptocurrencies, BNB’s fortunes are tied tightly to Binance, the world’s largest crypto exchange, because BNB is the native token of the Binance ecosystem. So anything that affects Binance’s regulatory standing affects BNB more directly than regulatory news affects, say, a decentralized coin.
And Binance has a specific, live regulatory situation in Europe: it is facing a looming rejection of its MiCA license application in the EU, though it has said it is seeking alternative ways to maintain its European presence. So this UK-versus-EU stablecoin tug-of-war is not abstract for BNB holders. A more welcoming UK could offer Binance an alternative path in a key market, while the tighter EU stance is exactly the kind of pressure that has complicated its European operations. The regulatory chessboard genuinely matters here.
The structural strength underneath Let me balance the regulatory uncertainty with what is actually working for BNB, because it is real. BNB is not a purely speculative token. It has genuine utility: people use it to pay trading fees at a discount on Binance, and to power activity on BNB Chain. On top of that, Binance regularly burns BNB, permanently removing coins from supply, a deflationary mechanism that supports the price over time.
That combination, real utility plus shrinking supply, is why BNB tends to hold up better than many altcoins in downturns, and it is doing exactly that this week. The recent Maxwell upgrade to BNB Chain also improved the network’s performance, and integrations like Tether Gold keep expanding what people can do on it. These are the quiet, steady strengths that sit beneath the regulatory noise.
So how do you read BNB right now? This is the balance. On one side, BNB has real utility, deflationary burns, an improving network, and better resilience than most altcoins. On the other, it carries a concentrated risk tied to Binance’s regulatory standing, and right now that standing sits in the middle of a genuine UK-versus-EU regulatory divergence with real consequences.
That makes BNB a fundamentally different kind of hold than something like Bitcoin. When you own BNB, you are partly betting on Binance successfully navigating a complex, shifting global regulatory landscape, with all the upside if it does and the specific risk if it stumbles. Both sides deserve your attention.
The levels worth watching On the downside, the $540 area is immediate support, with $520 below it as the level that has held through recent pressure. Holding $520 keeps the structure intact. On the upside, BNB needs to reclaim $560 to ease the pressure, then the $580 to $600 zone to signal a stronger recovery is taking shape.
Where this leaves us BNB at $546 is holding up reasonably through a rough week, supported by its real utility and deflationary burns, with the Maxwell upgrade strengthening the network underneath. But it sits in the middle of a genuine regulatory tug-of-war: the UK loosening stablecoin rules to attract business while the EU holds its tighter MiCA line, with Binance’s European future caught in between.
So watch both sides. The $520 support and the $560 reclaim are the levels to track on the chart. And keep an eye on the UK-versus-EU regulatory story, because for BNB more than almost any other major coin, the fate of the exchange and the token are bound together. That is what makes BNB both more resilient and more regulatory-sensitive than it looks.
FAQ What is the BNB price today?
BNB is trading at $546.54 on July 1, 2026, down about 1.3% on the day and 5.7% on the week, holding up roughly in line with the broader market. It remains the fourth-largest cryptocurrency.
What is the UK stablecoin news?
The UK’s Financial Conduct Authority proposed lowering the capital buffers firms must hold against stablecoins, following the Bank of England backtracking on stablecoin holding limits. This moves the UK toward friendlier stablecoin rules, undercutting the EU’s stricter MiCA framework.
Why does the UK-EU regulatory divergence matter for BNB?
BNB is tied closely to Binance, so regulatory shifts affecting the exchange affect BNB directly. A friendlier UK could offer Binance an alternative path, while the tighter EU stance, including a looming MiCA license rejection, complicates its European operations.
Why does BNB hold up better than other altcoins?
BNB has real utility (fee discounts and BNB Chain activity) plus regular token burns that shrink supply. This combination of genuine demand and deflationary supply tends to make it more resilient than purely speculative coins in downturns.
What are the key BNB levels to watch? I
mmediate support is $540, with $520 below it. Holding $520 keeps the structure intact. On the upside, BNB needs to reclaim $560, then the $580 to $600 zone to signal a stronger recovery.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
XLM za 24 hodin vzrostl asi o 10 %, protože Stellar Development Foundation se připojila k Open USD jako launch partner a účastník Open Standard. Open USD podpořilo přes 140 firem včetně Visa, Stripe, Mastercard, BlackRock a Coinbase.
Stellar Signs On as Open USD Launch PartnerStellar's native token $XLM climbed roughly 10% over 24 hours after the Stellar Development Foundation joined the launch of Open USD as both a launch partner and Open Standard participant. The move ties one of crypto's most established payments-focused blockchains to what is shaping up to be the most broadly backed stablecoin debut in the industry's history.
More than 140 companies, including Visa, Stripe, Mastercard, BlackRock and Coinbase, have joined Open Standard to launch Open USD (OUSD), a new stablecoin that shares most of the earnings from its reserves. The project is led by founding CEO Zach Abrams, co-founder of Bridge, the stablecoin infrastructure startup acquired by Stripe for $1.1 billion in 2024.
The coin is designed to address longstanding complaints about the stablecoin industry: high fees for minting and redeeming tokens at scale, issuers that keep the interest earned on reserves, and a lack of input from the businesses actually using the coins. Open Standard said businesses will be able to mint and redeem Open USD without fees or volume limits, while most of the income generated by its reserves will be distributed to participating businesses after a small management fee.
A Broad Coalition, and What It Means for $XLMThe 140-plus partners span four main categories: payment networks and processors such as Visa, Mastercard, American Express, Stripe, and Western Union; financial institutions including BlackRock, BNY, Standard Chartered, DBS, and U.S. Bank; technology and commerce firms such as Google, Samsung Electronics, IBM, Shopify, and DoorDash; and crypto ecosystem players including Coinbase and Solana.
Open USD will be managed by an independent organization with governance shared among partner companies, rather than a single controlling issuer. The announcement had an immediate ripple effect across markets, with Circle shares falling sharply on the day as traders priced in OUSD as a direct competitor to USDC.
For Stellar, the partnership reinforces the network's positioning as institutional payments infrastructure. Stellar's speed, low fees, compliance tools, and anchor network provide financial institutions the infrastructure needed to tokenize assets while maintaining regulatory compliance. The Open USD partnership adds to a string of recent institutional milestones for the network. In May 2026, the DTCC announced plans to connect its tokenized securities platform to Stellar, with XLM designated as the settlement token and live assets targeted for the first half of 2027, covering Russell 1000 equities and U.S. Treasury bonds.
Open USD is expected to go live later in 2026, with issuance planned across Solana, Stellar, Base, and Polygon.
Sources:
The Block: Visa, Stripe, Coinbase and more join Open USD stablecoin
CoinDesk: DTCC taps Stellar for tokenized securities network
Crypto Briefing: Dozens of major companies join Open USD as launch partners
Circle-backed Arc se připojil k programu Chainlink Scale, čímž vývojáři získají přístup k CCIP, Data Streams, Data Feeds a Proof of Reserve. Arc je nyní ve veřejném testnetu před spuštěním mainnetu.
Arc Plugs Into Chainlink's Enterprise Oracle StackArc, the Layer-1 blockchain backed by Circle, has joined the Chainlink Scale program, opening up a suite of enterprise-grade oracle and interoperability services to developers building on the network.
Through the partnership, builders on Arc can now tap CCIP (Cross-Chain Interoperability Protocol), Data Streams, Data Feeds, and Proof of Reserve. Chainlink CCIP is a blockchain interoperability protocol that enables developers to build secure applications that can transfer tokens, messages, or both across chains. Data Streams, meanwhile, provides pull-based oracles with sub-second latency, enabling DeFi applications to access high-quality financial market data.
The Scale program, which stands for Sustainable Chainlink Access for Layer 1 and 2 Enablement, is centered around accelerating the growth of blockchain and layer-2 ecosystems. It allows blockchains and layer-2 networks to fast-track smart contract innovation by covering the operating costs of Chainlink oracle networks for a period of time. In doing so, developers get access to a variety of important oracle services, including configurations specific to their ecosystem needs, such as Data Feeds with higher update frequencies to enable more advanced and low-latency smart contract applications.
What Arc Brings to the Table Arc features predictable dollar-based fees using stablecoins as gas, opt-in configurable privacy that supports compliance obligations, and direct integration with Circle's full-stack platform, making it uniquely suited for use cases like lending, capital markets, FX, and payments.
Chainlink has been selected as a core ecosystem partner of Arc, the newly launched layer-1 blockchain by Circle. The Chainlink Scale membership now formalises and expands that relationship, putting the full oracle toolkit directly in the hands of Arc's developer community.
Arc is currently in public testnet, with strong developer adoption and sustained network activity ahead of mainnet launch. Launch partners include BlackRock, Visa, Goldman Sachs, Mastercard, Standard Chartered, Amazon Web Services, and Coinbase, representing diverse segments of the financial ecosystem from asset managers to payment processors to infrastructure providers. The addition of Chainlink Scale infrastructure is likely to deepen that institutional appeal as Arc prepares for its mainnet debut.
Arc official website | Chainlink Scale program overview, Chainlink Blog | Arc on Chainlink Ecosystem
World je nyní spuštěn jako plně on-chain predikční trh na Solaně přímo v peněžence Phantom i na world.xyz. Uživatelé mohou obchodovat kontrakty na ceny krypta a MS ve fotbale 2026 s vypořádáním v CASH stablecoinu.
World is a new onchain prediction market on Solana that allows users to trade event contracts like crypto prices and the 2026 FIFA World Cup.The platform is now live within the Phantom wallet and at world.xyz, utilizing Chainlink as its primary oracle infrastructure for market data.World enables users to trade directly from their Solana wallets, with positions, settlement, and redemptions occurring fully onchain using CASH stablecoin.World, the mysterious Solana project that garnered millions of views on X with little more than a glowing globe, cryptic posts and the tagline “Trade Everything,” is now live as a fully onchain prediction market inside Phantom.
The platform is online at world.xyz and in the Phantom wallet on iOS, Android and desktop, with Chainlink serving as its primary oracle infrastructure for its data.
Users can trade event contracts tied to crypto prices and the 2026 FIFA World Cup, with additional markets on sports, geopolitics, and macroeconomics planned for the near future, according to an announcement shared with CoinDesk.
World’s world_xyz account has built attention throughsocial media posts offering scant product details, fueling speculation that the project could be a meme coin, trading app or broader Solana infrastructure play. Copycat WORLD-themed tokens have appeared on token launchpads, though those tokens are not official World assets.
The platform's identity stayed hidden until late June, when a legal disclosure on Phantom's site surfaced on X.
World is instead a non-custodial prediction market, with users being able to trade directly from their Solana wallets and funds moving only when they enter a market. Positions, settlement and redemptions happen onchain.
World uses Phantom’s CASH stablecoin as its settlement asset, allowing winning positions to be redeemed automatically inside the wallet. Phantom gives World immediate distribution through one of Solana’s largest consumer apps and follows Phantom’s broader push into in-app markets, including Kalshi prediction markets and regulated derivatives.
“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain,” Pedro Miranda, head of consumer at the Solana Foundation, in Wednesday's announcement. “World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are.”
Chainlink will provide World with market data and resolution infrastructure through Chainlink Data Streams and the Chainlink Runtime Environment.
The setup is meant to reduce reliance on human-led resolution, a longstanding friction point in prediction markets. Other event-contract platforms have also moved toward oracle-based settlement, including Polymarket for some price-based markets.
World is not the only Solana-native prediction market. Jupiter unveiled its Forecast beta on June 29, offering 15-minute bitcoin price markets.
The Phantom debut is the first of several frontend distribution partnerships World plans to activate across traditional fintech and crypto platforms in July.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
World XYZ nasadila Chainlink jako hlavní oracle infrastrukturu pro rychlejší a přesnější vypořádání na Solaně. Integrace má zlepšit spolehlivost dat i okamžité výplaty.
World XYZ, a prominent prediction market on the Solana blockchain, has announced its adoption of Chainlink as its primary oracle infrastructure. This integration aims to enhance the speed and accuracy of market resolutions, particularly in categories such as cryptocurrency, sports, elections, and macroeconomic events. Chainlink serves as a critical link, connecting Solana’s smart contracts to real-world data through verified data aggregation from independent node operators. This move is expected to provide immediate resolution and payout capabilities, bypassing traditional banking delays through stablecoin rails.
The integration of Chainlink is seen as a significant enhancement for World XYZ, addressing the “oracle problem” by ensuring data accuracy and reliability. With Chainlink’s established network, which has facilitated over $6.9 trillion in transaction value since 2022, the partnership is anticipated to bolster confidence in prediction markets on Solana. Market participants may interpret this development as supportive of higher trust and efficiency, potentially influencing market dynamics across various sectors.
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Market reactions have been observed in related prediction markets, specifically in the pricing of Bitcoin. Current data suggests a notable increase in confidence for Bitcoin to reach certain price ranges by July 1, with an 84% likelihood of Bitcoin being priced between $58,000 and $60,000, up from 38% just 24 hours ago. This shift appears consistent with enhanced market confidence stemming from World XYZ’s integration of Chainlink.
Key Takeaways World XYZ’s integration of Chainlink appears consistent with efforts to enhance prediction market efficiency and reliability. Market pricing suggests increased confidence in Bitcoin price predictions, with significant movements in sub-market odds. Chainlink’s established infrastructure is expected to provide immediate payout capabilities, enhancing user experience on World XYZ. What to Watch Market participants may look for further developments in World XYZ’s performance metrics following the integration. Any additional partnerships or technological advancements could further influence market dynamics. The impact on Bitcoin’s market pricing will be crucial to observe, especially as additional data from Chainlink is utilized. Watch for statements from key financial regulators or announcements from World XYZ that could further shape market perceptions.
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Bitcoin Price On July 1 2026
Contract Odds Δ since publish Volume 24h July 1 0.5% — — View market → July 1 9% — — View market → July 1 3.6% — — View market → July 1 0.1% — — View market → July 1 87.5% — — View market → July 1 2026 0.1% — — View market → July 1 2026 0.2% — — View market → What Price Will Hyperliquid Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 35% — — View market → January 1 2027 5.5% — — View market → January 1 2027 4.6% — — View market → January 1 2027 63.5% — — View market → January 1 2027 11.1% — — View market → January 1 2027 5.5% — — View market →
Jeremy Allaire uvedl, že USDC má konkurenční výhodu díky síťovým efektům, hluboké likviditě a regulaci. V 1. čtvrtletí 2026 jeho on-chain objem transakcí téměř dosáhl 30 bilionů USD.
PANews July 1 news, Circle CEO Jeremy Allaire stated that the stablecoin market is inherently a platform business driven by strong network effects, often showing a "winner-takes-all" pattern. Its core moats mainly come from three aspects: network effects formed by the application and developer ecosystem, global liquidity depth, and deep integration with regulatory systems across countries.
According to Allaire, USDC has built an access network of thousands of service providers and has become one of the three most liquid digital assets globally. In Q1 2026, USDC on-chain transaction volume approached $30 trillion, accounting for approximately 80% of USD stablecoin transaction volume, while USDT accounted for the remaining roughly 20%, and all other stablecoins combined accounted for less than 0.5%.
In response to OUSD's proposed "free minting and redemption, revenue sharing, and alliance governance," Allaire said that fully relinquishing reserve revenues could lead to insufficient infrastructure investment, while large alliance models typically suffer from slow decision-making and misaligned incentives, hindering product innovation. He emphasized that Circle still welcomes OUSD to join the ecosystem, but believes that the long-term winner will remain a platform with deep liquidity, regulatory compliance, and sustained capital investment.
