Track market-moving stories before they get noisy

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

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

This site is protected by reCAPTCHA.

Source: Binance EN

This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is thrilled to launch a Aerodrome (AERO) Trading Tournament where eligible users will have a chance to share a total prize pool of 400,000 USDC in token vouchers! In addition, Binance is introducing an “Sprint Reward” for a limited period – the more you trade, the higher your extra rewards! Promotion Period: 2026-07-21 10:00 (UTC) to 2026-07-28 10:00 (UTC) Join Now Eligibility: All verified new, regular users and all Binance VIP users can participate.Liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are not eligible to participate. Eligible Trading Pair(s) Trading pair(s): AERO/USDT, AERO/USDC How to Participate: Click the [Join Now] button on the landing page to register.Total Trading Volume reaches at least 500 USD equivalent in any of the aforementioned eligible pair(s) on Binance Spot during the Promotion Period. Users who do not meet this threshold will not qualify for any reward under this Trading Volume Tournament. Main Reward Structure: Statistical Period: 2026-07-21 10:00 (UTC) to 2026-07-28 10:00 (UTC)Rankings Based on the Cumulative Trading VolumeReward per Eligible Participant (in USDC Token Vouchers)1st Place12,000 USDC2nd Place10,000 USDC3rd Place8,000 USDC4th Place6,000 USDC5th Place4,000 USDC6th - 20th PlacesAn equal split of 40,000 USDC21st - 50th PlacesAn equal split of 40,000 USDC51st - 200th PlacesAn equal split of 64,000 USDC201st - 1,000th PlacesAn equal split of 56,000 USDCAll Remaining Eligible ParticipantsAn equal split of 80,000 USDC, capped at 5 USDC per user Sprint Reward Structure: Binance is introducing a “Sprint Reward”. For a limited period, users will receive extra rewards based on their ranking by cumulative trading volume. The more one trades during the respective Statistical Periods, the higher the extra rewards can be. Please note that users can earn from both the "Sprint Reward" and the "Main Reward" pools at the same time. Rankings Based on the Cumulative Trading VolumeRound 1 Statistical Period: 2026-07-21 10:00 (UTC) to 2026-07-23 10:00 (UTC)Round 2 Statistical Period: 2026-07-23 10:01 (UTC) to 2026-07-25 10:00 (UTC)Reward per Eligible Participant (in USDC Token Vouchers)1st Place12,000 USDC12,000 USDC2nd Place10,000 USDC10,000 USDC3rd Place8,000 USDC8,000 USDC4th Place6,000 USDC6,000 USDC5th Place4,000 USDC4,000 USDC Promotion Rules: Trading volume of any zero-fee trading pairs is excluded from the final trading volume calculation.Transaction or gas fees will be excluded from the final trading volume calculation for the tournament.All eligible buy and sell orders will be counted towards the cumulative total trading volume.Token vouchers will be distributed to winners by 2026-08-11, and will expire within 21 days after distribution. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.The Spot Trading Volume leaderboard is updated at least once every 24 hours. The Main Reward leaderboard and Sprint Reward leaderboard will be displayed on the separate Sub-Spot landing page respectively. Data sync times vary daily but will always be completed by the end of the day.Only users who have met the minimum qualifying trading volume threshold will be displayed on the leaderboard along with their trading volume. Don’t miss out on this opportunity and share in the rewards now! To view more promotions for new listings on Binance, stay tuned to this page for the latest updates and exclusive opportunities. Guides & Related Materials: How to Spot Trade (App / Web) Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only verified users who complete the aforementioned criteria for the tournament by the end of the Promotion Period may receive rewards.This Trading Volume Tournament is available to verified new, regular and VIP users enabled for Binance Spot Trading, subject to product (and where relevant, deposit methods’) availability in users’ regions, and may be restricted in certain jurisdictions or regions, or to certain users, due to legal and regulatory requirements.Reward Distribution:All token voucher rewards will be distributed to eligible, winning users by 2026-08-11.Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 21 days after distribution. Winning users should claim their vouchers before the expiration date, and no replacement reward will be provided. Learn how to redeem a Binance voucher.Please note that the actual value of rewards received by a user is subject to change due to market fluctuation.Token voucher rewards are subject to additional terms and conditions.Rewards are not negotiable nor transferable.Once the available rewards have been allocated to users, no further rewards will be provided notwithstanding that an eligible user may have completed the missions.A user’s trading volume in this Trading Volume Tournament will be calculated after the user has opted-in and will be based on the trading volume (i) in their master and sub-accounts, and (ii) on all Spot products, including Spot Trading, Spot Copy Trading and Trading Bots. API trades are allowed. Binance’s calculation of a user’s trading volume is final.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software. Rewards that have already been disqualified will not be returned to the prize pool.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of reward recipients, and the timing of any act to be done, and all participants shall be bound by these amendments.The commencement and operation of the campaign (including the commencement of the Promotion Period) are subject to the successful listing of the relevant token on Binance Spot. If the listing is postponed or cancelled for any reason, the campaign (including the Promotion Period and reward distribution) may be delayed, amended or withdrawn at Binance’s discretion. Binance will not be liable for any loss or inconvenience caused by such changes.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-21 Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.

DeFi lending has operated like a savings account from the 1970s for years. Variable rates, constant uncertainty, and the vague promise that things will probably work out. Morpho Midnight is betting that borrowers and lenders are tired of “probably.”

The protocol has officially launched fixed-rate, fixed-term credit markets, offering something that traditional finance takes for granted but that DeFi has struggled to nail down: predictability. The entire system is designed around a single variable, collateral price, which is either the most elegant simplification in DeFi lending or the most ambitious. Possibly both.

How Morpho Midnight actually works The protocol operates through isolated markets, meaning each lending pair exists in its own silo. This is a deliberate architectural choice to prevent the liquidity fragmentation that has plagued earlier attempts at fixed-rate DeFi lending.

The initial market is a cbBTC/USDC pair on Base, Coinbase’s Layer 2 network. Multiple maturity dates will be available from the start, giving users flexibility on how long they want to lock in their terms.

Advertisement

The protocol uses what Morpho describes as an intent-based lending approach. Rather than dumping liquidity into a pool and hoping the algorithm treats you fairly, participants express specific terms they want: fixed rate, fixed duration, known collateral requirements. The protocol matches those intents without the intermediary complexity that typically eats into returns.

Morpho Midnight is non-custodial, meaning users retain control of their assets throughout the process. The smart contracts handle the matching and settlement, but no central party holds the keys.

The Morpho ecosystem backdrop Morpho has built one of the larger lending infrastructures in DeFi, with Morpho Blue’s total value locked reportedly sitting between $7B and $10B in 2026. Total deposits across the broader Morpho protocol have exceeded $11B.

The whitepaper and codebase for Midnight were released in May 2026, and a beta phase kicked off earlier in the year. The public mainnet launch was targeted for mid-July 2026. Security has been a central focus throughout development, with the team running multiple audits and formal verification processes before going live.

CEO Paul Frambot has positioned Midnight as complementary to Morpho’s existing variable-rate products rather than a replacement.

The roadmap includes phased rollouts of additional features. Vault adapters, which would allow more complex integrations with existing DeFi infrastructure, are planned for future updates. Cross-chain functionality is also on the horizon, which would extend Midnight beyond Base to other networks. Auto-rolling, a feature that would automatically renew positions at maturity, is another planned addition.

What this means for investors Morpho’s approach of isolated markets with a single-variable design reduces the system to collateral price as the only moving piece, removing several layers of risk. Banks and hedge funds understand collateral. They understand fixed terms. They do not understand algorithmic rate curves that shift based on utilization ratios and governance token emissions.

The launch on Base is strategically interesting. Coinbase’s L2 has been gaining institutional attention, and launching a fixed-rate product there signals that Morpho is targeting users who value the Coinbase ecosystem’s compliance and accessibility features. The cbBTC collateral choice reinforces that, as it’s Coinbase’s wrapped Bitcoin product.

The isolated market design helps prevent contagion between pairs, but it also means each market needs to bootstrap its own liquidity independently. If Morpho Midnight can attract even a fraction of the $11B already sitting in Morpho’s broader ecosystem, it will immediately become the largest fixed-rate lending protocol in DeFi.

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

NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices

According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.

7 minutes ago

Iran's Revolutionary Guard hits U.S. military radar in Kuwait.

According to Iran's Press TV, Iran's Revolutionary Guard hit a U.S. military radar at Kuwait's Al Jaber Base.

7 minutes ago

Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.

The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)

7 minutes ago

Telegram Founder: Will Integrate a Native Non-Custodial Gram Wallet for All Users

Telegram founder Pavel Durov announced in his personal channel that instant, zero-fee cryptocurrency transactions for its more than 1 billion users are set to become a reality. The platform is adding a native, non-custodial Gram wallet to every Telegram application.

7 minutes ago

GRAM surges past $1.5, gaining over 9% in 10 minutes.

According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.

7 minutes ago

Crypto bank Augustus completes $180 million financing round, led by Tiger Global.

Augustus, a startup building a federally chartered clearing bank, announced it has raised $180 million to expand its U.S. dollar payment infrastructure amid stablecoins reshaping the global financial system. The funding round values Augustus at $1 billion. Tiger Global Management led the round, with participation from investors including Hummingbird Ventures, QED Investors, and founders of Nubank, Ramp, Circle, and Deel. The financing comes as banks, fintech firms, and crypto companies race to upgrade cross-border payment infrastructure. While much market focus has centered on stablecoin issuers, Augustus is targeting a less-discussed but critical segment of the financial system: the correspondent banking network. Augustus CEO Ferdinand Dabitz said in an interview: "We believe the distribution of financial services has hit a bottleneck at the clearing bank level." He pointed out that traditional clearing systems are "slow, not available around the clock, take two days to settle, and are closed on weekends."

7 minutes ago

NVIDIA: Major Clients Have Begun Testing Vera Rubin Devices

According to Bloomberg, NVIDIA has announced that its key clients have started testing its Vera Rubin devices. The chipmaker added that its new Vera processor outperforms AMD’s Turin, and that the chips are being delivered on schedule for use in AI data centers.

3 minutes ago

Iran's Revolutionary Guard hits U.S. military radar in Kuwait.

According to Iran's Press TV, Iran's Revolutionary Guard hit a U.S. military radar at Kuwait's Al Jaber Base.

3 minutes ago

Liang Wenfeng’s Huanfang and Jiuzhang secure the largest share in Changxin Technology’s private placement new share offering, with 113 private equity firms receiving allocations.

The preliminary offline placement results for Changxin Technology show that a total of 2,459 products under 113 private equity firms secured offline placements in the company, with a total of 161 million shares allocated, amounting to 1.436 billion yuan. The announcement notes that offline institutional investors are divided into Category A (public funds, social security funds, pension funds, enterprise annuities, bank wealth management products, insurance companies, QFIIs) and Category B (private equity firms, broker-dealer proprietary trading, trusts, financial companies, etc.). Category A investors, dominated by public funds, received 1.978 billion shares, accounting for 91% of the total offline issuance; while Category B investors, led by private equity firms, secured 196 million shares, making up only 9% of the total offline issuance. Among the private equity placement list, the top ten by number of placement objects are all leading quantitative private equity firms. Shanghai Yanfu has a total of 282 placement objects allocated, ranking first among private equity firms; Century Front, Jiukun Investment, Shanghai Chengqi, and Huanfang Quant have 209, 194, 167, and 153 placement objects respectively; Lingjun Investment, Shanghai Jinde, and Minghong Investment also have over 100 allocated products each, at 107, 105, and 100 respectively. Notably, Liang Wenfeng, founder of DeepSeek and a prominent private equity figure, took the largest share among private equity placements. Public information shows that the actual controllers of two leading 100-billion-yuan private equity firms, Ningbo Huanfang Quant and Zhejiang Jiuzhang Asset Management, are both Liang Wenfeng. This means that through his two private equity firms, Liang Wenfeng has a total of 194 private equity products allocated, with a total of 20.2497 million shares secured, amounting to approximately 175 million yuan. (The Paper)

3 minutes ago

Pump.fun launches BOOST mode, aiming to re-inject permanently locked liquidity into the token market.

Meme coin launch platform pump.fun has announced the launch of its new BOOST mode, set as the default launch mechanism for all new Pump.fun tokens moving forward. The feature is designed to address the long-standing "dead liquidity" problem during token migrations, using a buyback and burn mechanism to re-inject liquidity that was previously permanently locked back into the token market. Pump.fun noted that over $100 million in liquidity is permanently lost annually during token migrations, with these funds no longer available to support market liquidity. Historically, roughly 20% of liquidity remains stuck in liquidity pools (LPs) for every token that completes migration — even after all traders sell their positions, some funds stay locked in the pools permanently. BOOST mode will leverage this trapped liquidity to re-inject into the market via an automatic buyback mechanism within 5 minutes of each token migration completion. Specifically, BOOST will execute buybacks using a post-migration time-weighted average price (TWAP) and automatically burn the purchased tokens. For SOL trading pairs, 17.6 SOL will be injected, while USDC trading pairs will receive $2,516 in funds. The mechanism requires no manual activation from users: all new Pump.fun tokens that complete migration after 10:23 AM Eastern Time (ET) on July 21 will automatically enable the BOOST configuration. Tokens migrated prior to this date or issued via the Mayhem platform do not include the feature. The upgrade aims to improve trading experiences and enhance the long-term utilization efficiency of liquidity within the ecosystem.

3 minutes ago

Telegram Founder: Will Integrate a Native Non-Custodial Gram Wallet for All Users

Telegram founder Pavel Durov announced in his personal channel that instant, zero-fee cryptocurrency transactions for its more than 1 billion users are set to become a reality. The platform is adding a native, non-custodial Gram wallet to every Telegram application.

3 minutes ago

GRAM surges past $1.5, gaining over 9% in 10 minutes.

According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.

3 minutes ago

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

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

This site is protected by reCAPTCHA.

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

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

This site is protected by reCAPTCHA.

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

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

This site is protected by reCAPTCHA.

Zcash [ZEC] has rallied nearly 37% since developers deployed the Ironwood [NU6.3] upgrade to testnet earlier this month, with the privacy-focused cryptocurrency outperforming many of its peers ahead of the protocol’s next major network upgrade.

As the community prepares for Ironwood’s mainnet activation, the upgrade also marks the beginning of the end for zcashd. This is the network’s long-running reference node, making this one of the most significant transitions in Zcash’s history.

Ironwood aims to strengthen confidence in Zcash’s supply The Zcash Open Development Lab deployed the Ironwood [NU6.3] upgrade to testnet on July 2, with activation following on July 4. The milestone serves as the final testing phase before the planned mainnet rollout later this month.

Ironwood was introduced following the disclosure of an Orchard protocol vulnerability in June. While developers said there was no evidence the issue had been exploited or that user funds were at risk, the flaw highlighted a limitation in proving the integrity of Zcash’s shielded supply.

To address that, Ironwood introduces a new shielded pool alongside a “turnstile” mechanism that enables the network to verify the amount of ZEC migrating into the new pool without compromising transaction privacy.

The upgrade is designed to strengthen confidence in Zcash’s circulating supply while preserving the privacy guarantees that distinguish the network from other cryptocurrencies.

Legacy zcashd node heads for retirement Ironwood also marks a major infrastructure shift for the ecosystem.

The long-running zcashd reference implementation will not support NU6.3. It is being phased out as the network transitions to a Rust-based architecture built around Zebra, Zaino, and Zallet.

Developers have urged node operators to migrate before Ironwood activates on mainnet, as legacy zcashd nodes are approaching their automatic end-of-life shutdown. It will no longer participate in the upgraded network.

The transition represents one of the largest architectural changes since Zcash launched. It replaces the software that has underpinned the blockchain for years.

ZEC price prediction: Bulls pause after 37% advance At press time, ZEC traded around $546, up roughly 37.4% from its early July lows.

The rally has since slowed into a period of consolidation, with buyers attempting to establish support after reaching the recent highs.

The daily RSI stood at around 58, indicating bullish momentum remained intact without entering overbought territory. That suggests buyers still hold a modest advantage. However, the strong upside momentum seen earlier in the month has begun to moderate.

Source: TradingView The immediate resistance lies around $560, where recent advances have repeatedly stalled.

A decisive breakout above that level could pave the way for another attempt at $600, a price zone that acted as resistance earlier this year.

On the downside, the $500 region has emerged as the first meaningful support. Holding above that level would preserve the current higher-low structure. At the same time, a break below it could trigger a deeper pullback before buyers attempt another advance.

Final Summary Zcash’s Ironwood upgrade has entered its final testing phase, introducing a new shielded pool while paving the way for the retirement of the legacy zcashd node. ZEC has gained nearly 37% since Ironwood entered testnet, with bulls now attempting to break above the $560 resistance to target $600.

In this patch of your weekly Dispatch:ECB decides on ratesIs AI earning?BTC inflows returnMarket cast

BTC: Bulls regain controlBitcoin's weekly chart shows a constructive setup taking shape. Price has bounced off the 200-period SMA and is now heading toward the middle Bollinger Band (the 20-period SMA) – a key volatility indicator. The RSI, a momentum oscillator, remains neutral but with its signal line trending upward, while the Stochastic, another momentum oscillator, is similarly neutral yet climbing. The MACD, a trend and momentum indicator, has generated a bullish crossover, reinforcing the constructive tone.

The daily chart tells an even more bullish story. Price has reached the upper Bollinger Band, with the RSI elevated and rising. The Stochastic sits in overbought territory but shows no signs of fading momentum, while the MACD histogram remains positive and rising – all pointing to bullish momentum building across both timeframes.

Key levels to watch: On the downside, immediate support sits around $64,000, with the next significant zone near $62,000; the weekly 200-period SMA could also serve as dynamic support. To the upside, the first resistance comes in around $67,000, followed by $70,000.

The big idea

Argentina’s first place in the stablecoin finalsArgentina gave everything it had in an intense, extra-time battle against Spain – this got us thinking about another arena where Argentina isn't just competing, it's setting the pace: stablecoins.

There's a reason the country is such fertile ground: currency debasement — a case playing out well beyond Argentina's borders. The peso has weakened substantially against the dollar over the past several years, with inflation still running above 30% year-over-year — one data point in a much broader global pattern. Turkey, Nigeria, and Lebanon have all seen annual inflation swing anywhere from 50% to 200% in recent years, and in each case, dollar-pegged stablecoins have become the accessible workaround — a way to hold something resembling a dollar without needing an actual bank account in dollars, especially where capital controls make that difficult.

Zoom out globally, and the numbers back up the hype. Citi's base case now puts the stablecoin market at $1.9 trillion by 2030, with a bull case as high as $4 trillion — both revised upward from last year's forecasts, while Standard Chartered projects the market hitting $2 trillion as soon as 2028. Citi and Brookfield research goes further still, suggesting stablecoins in circulation could grow as much as 15-fold by 2030. Tokenized real-world assets are riding a similar wave: RWAs (excluding stablecoin issuers themselves) hit a record $33 billion in Q2, up 45% year-to-date, led by tokenized Treasurys, corporate credit, stocks, and venture capital.

Visa's latest report with Artemis makes the case that stablecoins will quietly take over the sub-dollar "micro-commerce" machines that will transact with each other, while cards keep the bigger-ticket purchases. It's one of several backers, alongside Mastercard and BlackRock, of the new Open USD stablecoin — a reminder that the real story isn't one network's report, it's a scramble among all of them to not get left behind.

That scramble is playing out well beyond payment networks. Japan's JCB is piloting stablecoin rails with Circle, and convenience store chain Lawson will accept stablecoins starting in August. Sony just secured preliminary U.S. approval for its own dollar-backed stablecoin trust — a closed-loop network with no confirmed link to PlayStation purchases yet, but a clear signal of where large consumer platforms think payments are heading. 

Tether, meanwhile, is finding traction at the sovereign level: Bolivia is weighing a framework to formally recognize USDT as a payment currency alongside the boliviano and the dollar, a response to a prolonged dollar shortage after the country abandoned its currency peg earlier this year.

The common thread echoes past tech cycles: the biggest gains rarely come from the invention itself, but from the infrastructure built around it. Railroads didn't drive industrialization — the surrounding logistics network did. Electrification wasn't about the light bulb, but the grid. Stablecoins may follow the same script: the lasting value may sit less with the coins and more with the issuance platforms, custody systems, and compliance tooling that connect them to the existing financial system.

Argentina may have to wait four more years for its next shot at the trophy. Stablecoins won't wait for anyone — but the real contest to watch isn't between coins, it's for the rails underneath them. That's where the next decade of returns will likely be decided.

TradFi trends

Big Тech earnings season startsAfter a rough week that saw the Nasdaq shed 2.9% amid a brutal semiconductor sell-off, attention turns to the Magnificent Seven — Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla — the handful of mega-cap tech names that have driven much of the market's AI-fueled gains. Alphabet and Tesla are both due to report Wednesday, with the rest of the group's earnings continuing to roll out over the coming weeks. The chip rout has wiped out more than $3 trillion in market value since June 22, much of it rotating into these names — making their earnings a real-time test of whether AI-driven optimism still justifies today's valuations, or whether the pullback becomes something broader.

Crypto has a stake in the outcome too. The AI trade has arguably pulled some capital away from Bitcoin over recent months, even as the two show some degree of correlation as risk assets. A wobble in Big Tech earnings could test whether that relationship holds, as Bitcoin continues working toward a decisive push above $65,000 to confirm its own recovery.

Oil climbs, inflation cools, and the ECB weighs the next moveMarkets head into the week caught between rising geopolitical risk and diverging central bank paths. Crude oil has climbed sharply on continued Middle East tensions, while cooling inflation data has traders leaning toward a Fed hold — even as the ECB faces a tougher call of its own, deciding without the benefit of fresh Q2 growth or inflation data.

ECB Rate Decision (Jul 23): Fresh off a June hike to 2.25%, markets lean toward a hold, though a hawkish tail remains.Weekly Jobless Claims (Jul 24): A rising trend would strengthen the case for eventual easing.S&P Global PMI (Jul 25): This week's main growth signal.Alphabet & Tesla Earnings (this week): An early read on whether tech's momentum still holds.The week's most interesting data story

Bitcoin’s clearest signs of recovery?Bitcoin ETF flows have become one of the market's most closely tracked sentiment gauges, since they capture real money moving in or out of Bitcoin exposure on a daily basis. This week's data leans encouraging: US spot Bitcoin ETFs notched a second straight week of inflows, pulling in $75.7 million for the week ending July 17, building on the $197.4 million added the week before. It's a modest pace compared to earlier highs, but after a rocky June, two consecutive green weeks are a welcome signal that buying interest is returning. The next test: whether Bitcoin can push decisively above the $65,000-$65,500 range, to help confirm the recovery has legs.

The numbers

The week’s most interesting numbers$727.3 million — US spot Bitcoin ETFs' haul over their longest inflow streak in nearly three months, five days running.

$70,000–$72,000 — Where Bitcoin's biggest options bets are clustered for July 31, a $2.5 billion bullish spread landing two days after the Fed's next decision.

110 — The number of reasons Michael Saylor cited in a critique of BIP-110, a proposal to restrict Bitcoin "spam," which he argues threatens the network's neutrality.

Hot topic

What the community is discussingThe never-ending Bull vs Bear duel.

Still early and big at the same time.

Another perspective on Bitcoin ETFs.

Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].

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

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

This site is protected by reCAPTCHA.

Telegram Founder: Will Integrate a Native Non-Custodial Gram Wallet for All Users

Telegram founder Pavel Durov announced in his personal channel that instant, zero-fee cryptocurrency transactions for its more than 1 billion users are set to become a reality. The platform is adding a native, non-custodial Gram wallet to every Telegram application.

3 minutes ago

GRAM surges past $1.5, gaining over 9% in 10 minutes.

According to HTX market data, GRAM has broken through $1.5, currently trading at $1.555, up over 9% in 10 minutes. Earlier reports stated that Telegram’s founder said the team is building native non-custodial Gram wallets into every Telegram application.

3 minutes ago

Crypto bank Augustus completes $180 million financing round, led by Tiger Global.

Augustus, a startup building a federally chartered clearing bank, announced it has raised $180 million to expand its U.S. dollar payment infrastructure amid stablecoins reshaping the global financial system. The funding round values Augustus at $1 billion. Tiger Global Management led the round, with participation from investors including Hummingbird Ventures, QED Investors, and founders of Nubank, Ramp, Circle, and Deel. The financing comes as banks, fintech firms, and crypto companies race to upgrade cross-border payment infrastructure. While much market focus has centered on stablecoin issuers, Augustus is targeting a less-discussed but critical segment of the financial system: the correspondent banking network. Augustus CEO Ferdinand Dabitz said in an interview: "We believe the distribution of financial services has hit a bottleneck at the clearing bank level." He pointed out that traditional clearing systems are "slow, not available around the clock, take two days to settle, and are closed on weekends."

3 minutes ago

Ondo Perps Launches Tokenized Stock Collateralization Feature

According to official announcements, Ondo Perps has launched a tokenized stock collateral feature, allowing all users to use Ondo Finance’s tokenized stocks as valid collateral assets for perpetual contract trading. The first supported assets include tokenized versions of the S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo noted that its perpetual contract platform has processed over $3.8 billion in trading volume. As traders’ demand grows for on-platform hedging, deep liquidity, tight spreads, low slippage, exchange speeds comparable to centralized exchanges (CEXs), and 24/7 trading, the on-chain stock derivatives market is expanding rapidly. The tokenized stock collateral mechanism allows traders to gain exposure to other markets without locking funds in stablecoins or selling existing assets, thereby improving capital efficiency. This feature is part of Ondo’s "Productive Capital" strategy, designed to gradually align the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with those of traditional derivatives markets. The company added that the current trading and margin infrastructure built on tokenized assets is just the beginning of a broader on-chain prime brokerage ecosystem, with plans to launch additional markets, liquidity products, and innovative features in the future.

3 minutes ago

U.S. Trade Representative: The United States is preparing a new round of tariffs.

According to a report by The Wall Street Journal, U.S. Trade Representative Greer stated that the United States is preparing a new round of tariffs.

3 minutes ago

Uniswap’s [UNI] expansion on Robinhood Chain accelerated as liquidity providers continued allocating fresh capital. Rather than relying on isolated deposits, the protocol has attracted both fresh capital and a growing trading base.

Total Value Locked (TVL) remained below $10 million in late June before climbing rapidly past $60 million in mid-July. Momentum then strengthened further, lifting TVL above $80 million after another 30% weekly increase.

Source: Token Terminal Meanwhile, monthly active traders steadily expanded, eventually reaching 1 million, suggesting liquidity growth kept pace with user participation. This combination points to more than temporary capital rotation.

Instead, deeper liquidity appears to be reinforcing trading activity, which in turn attracts additional capital. If this balance persists, Uniswap’s expansion could indicate an increasingly self-sustaining trading ecosystem on Robinhood Chain rather than a temporary influx of speculative capital.

RWAs drive Uniswap’s growth That liquidity expansion is now revealing a broader shift in how capital is being deployed across Robinhood Chain.

Rather than concentrating around crypto-native assets alone, traders are increasingly directing liquidity toward tokenized equities. As a result, this has made the NVIDIA/USDG Pool the largest RWA market for Uniswap V4.

Despite holding $465,300 in TVL, the pool generated $3.5 million in daily trading volume, alongside $10,600 in fees and an 834% APR. Those figures suggest liquidity is circulating rapidly instead of remaining dormant, reflecting sustained trading demand rather than passive capital allocation.

Source: X More importantly, this changes what drives DEX growth. If tokenized equities continue attracting comparable activity, Uniswap’s expansion may increasingly depend on real-world asset adoption, reducing its reliance on speculative crypto cycles and creating a more diversified source of long-term liquidity.

Can UNI rally higher? Uniswap’s recent performance is now beginning to reflect on its market structure. After weeks of consolidating between $3.45 and $3.65, UNI broke higher and climbed to $3.702, gaining 1.9% on the day.

The altcoin was able to reach the previous high from mid-July, around $3.72. At this point, sellers began testing bullish conviction. Meanwhile, RSI at 63.86 continues to rise. This suggests that buying pressure remains firm without entering overbought territory.

Source: UNI/USDT on TradingView Moreover, trading volume was generally low during the breakout. However, the price did hold above $3.60 after the breakout occurred. This indicates that the buyers were being cautious against the former top of the previous trading range and establishing a new level of support.

This shift matters because successful retests often strengthen bullish structures. If demand persists above $3.60, UNI could build momentum for another attempt to clear $3.72 and extend its recovery.

Final Summary Uniswap is building sustainable growth through rising liquidity and user activity on Robinhood Chain. UNI could see stronger long-term demand as RWAs expand beyond speculative trading.

NEAR Protocol Deploys NIST-Approved Post-Quantum SigningNEAR Protocol has activated quantum-safe signing on mainnet as part of network upgrade 2.13, making it one of the first Layer-1 blockchains to ship a NIST-approved post-quantum signature scheme in a live production environment. The upgrade adds quantum-safe signing through the NIST-approved FIPS-204 (ML-DSA) scheme alongside dynamic resharding, a scalability enhancement that enables the protocol to automatically scale as network demand grows.

The team chose FIPS-204 (ML-DSA, formerly known as CRYSTALS-Dilithium), a lattice-based digital signature algorithm formally standardized by NIST in August 2024 as part of the agency's first batch of post-quantum cryptography standards. The upgrade allows account holders to migrate to post-quantum cryptography through a single on-chain transaction without transferring assets or changing account addresses.

The urgency behind the move is hard to ignore. Google's Quantum AI team has published research on the risk to cryptocurrency directly, with an estimated $470 billion of Bitcoin at risk. A U.S. executive order issued in June 2026 also requires federal agencies to transition high-value systems to post-quantum cryptography by the end of the decade, with digital signature migration scheduled for completion by 2031.

Automatic Resharding Removes a Key BottleneckThe second major component of the 2.13 upgrade addresses scalability. NEAR's sharded architecture previously scaled horizontally by adding shards, but each addition required a full protocol upgrade involving weeks of validator coordination, a vote, and a staged rollout. Dynamic resharding now enables the network to automatically scale by splitting shards without validator votes or manual upgrades.

On blockchains like Bitcoin and Ethereum, addresses are derived from keypairs tied to breakable cryptography, so migrating to a new signing scheme means migrating the address itself. NEAR accounts are decoupled from cryptography: since mainnet launched in 2020, NEAR has used human-readable account IDs controlled through rotatable access keys, not bound to a single keypair. This architectural choice is what makes the migration comparatively straightforward for NEAR users.

NEAR is also actively working with hardware and software wallet builders, including Ledger, on bringing post-quantum support to the market.

Sources:
NEAR Protocol Official Press Release via PR Newswire
Crypto Times: NEAR Launches Quantum-Safe Mainnet Upgrade With Resharding
CoinTrust: NEAR Activates Quantum-Resistant Security

Blockchain

21 July 2026 | 09:38 Solana ended the second quarter with two very different stories. Trading in tokenized assets on the network more than doubled to a record $5.8 billion in quarterly volume, but overall decentralized exchange activity, lending and revenue generated from network use all declined.

Key Takeaways Tokenized-asset trading volume on Solana reached $5.8 billion in Q2, rising 114% and led by tokenized equities. Solana retained 32% of spot DEX volume despite a sharp decline in overall trading. Network revenue fell 43%, showing that trading growth did not translate directly into greater fee demand. SOL investment products attracted capital while staking income remained heavily dependent on token issuance. The contrast is not necessarily contradictory. Tokenized-asset volume measures how much tokenized financial exposure changed hands on Solana’s exchanges, while total DEX volume, lending and Real Economic Value show how much of the network’s activity converted into fees and borrowing demand.

Together, the figures suggest that Solana’s capital-markets ecosystem expanded faster than the revenue the network earns from it.

Tokenized Equities Became Solana’s Main Growth Story Tokenized-asset trading volume increased by 114% quarter over quarter and set a record for a sixth consecutive quarter, according to Blockworks Advisory’s Q2 2026 Solana Tokenholder Report. The report was commissioned by the Solana Foundation, which may provide input on its content, although Blockworks Advisory states that it retains editorial control. That funding relationship is worth keeping in mind when weighing the report’s framing, even where the underlying data is verifiable.

Solana tokenized asset volume by category. The $5.8 billion figure describes trading volume, not the market value of assets held on Solana and not revenue earned by the network. It measures how much tokenized exposure was bought and sold through Solana’s decentralized exchanges during the quarter.

Tokenized equities dominated that activity with $4.8 billion, or 84% of the total, roughly four times their Q1 volume. The report estimates that Solana now processes approximately 97% of tokenized-equity trading across all blockchains. June alone contributed $3.3 billion of equity volume, a surge catalyzed by the tokenized listing of SpaceX following its June 12 public offering. Private credit added $803 million, with smaller contributions from commodities and collectibles.

The market continued expanding after the quarter ended. On July 10, 2026, tokenized exposure to SK Hynix went live on Solana through Backpack Securities, xStocks and Ondo Finance.

Those products provide similar economic exposure through different legal, custody and redemption structures. That distinction matters because tokenized assets are not a single standardized product category. As our guide to RWA tokenization platforms explains in detail, investors still need to examine who issued each token, what backs it, whether it can be redeemed and which users are eligible to hold it.

Solana Kept Its DEX Lead as Trading Slowed Solana decentralized exchanges processed $160.8 billion in spot volume during Q2. That was down 44% from $288.5 billion in the previous quarter, but the network still handled approximately 32% of spot DEX volume across the blockchains measured.

Spot DEX volume share by blockchain. Ethereum followed with 25%, while Base and BNB Chain accounted for 16% and 12%, respectively. Q2 was the eighth consecutive quarter in which Solana controlled more than 30% of the measured spot market.

This combination requires context. Solana did not lose its relative position against competing networks, but the overall market became less active. Maintaining market share in a contracting market is different from generating absolute growth. The monthly path was more constructive than the quarterly total: volume fell from $52.3 billion in April to $48.0 billion in May, then rebounded 26% to $60.5 billion in June as tokenized-asset activity accelerated.

Application revenue also fell 31% to $228.4 million. Perpetual futures presented a different picture, with notional volume increasing 60% quarter over quarter to $183 billion, but that recovery did not offset weaker activity across the rest of the ecosystem.

The composition of that revenue also complicates the diversification story. Pumpfun, the memecoin launchpad, remained the ecosystem’s largest business with $90.1 million, or 39% of all application revenue, and accounted for 97% of launchpad revenue. Tokenized equities may be the growth story, but the single biggest earner on Solana is still the speculative category the network is described as moving beyond. That concentration reached a new high in Q2 precisely because the rest of the market shrank faster.

Network Revenue Fell Faster Than Market Share Solana’s Real Economic Value, or REV, totaled $51 million in Q2, down 43% from the previous quarter. REV measures transaction fees and out-of-protocol tips paid by users while excluding inflationary token issuance.

Solana quarterly network revenue breakdown. Monthly REV declined from $18.6 million in April to $18.1 million in May and $14.3 million in June. Priority fees fell 45% to $30.8 million, while Jito tips dropped 50% to $9.9 million. Base and vote fees contributed another $10.3 million.

The decline also cost Solana relative position among blockchains. The report ranks Solana fourth in quarterly network revenue with a 12% share, behind Hyperliquid at 33% with $141.4 million, Tron at 21% and Ethereum at 15%, down from Solana’s 18% share in Q1. Hyperliquid’s lead rests on the trading-fee engine we examined in our analysis of the platform’s $1.2 billion in cumulative fees. The comparison is uncomfortable for Solana’s economics: a network processing billions of transactions earned roughly a third of what a single derivatives-focused chain collected in the same quarter.

Solana still processed 9.8 billion non-vote transactions during the quarter, with a median transaction fee near $0.0004. However, 27% of those transactions reverted, a share the report attributes to automated arbitrage strategies and describes as a feature rather than a bug. That characterization is the report’s reading, not a settled fact. Daily active addresses also fell from 2.4 million in Q1 to 2.0 million, meaning the network processed nearly as many transactions from a noticeably smaller user base. The network remained heavily used, but high transaction counts did not automatically produce high revenue because individual transactions remained extremely inexpensive.

Lending Has Not Followed Tokenization Higher Deposits across Kamino and Jup Lend ended the quarter near $4.1 billion, while outstanding loans stood at approximately $1.6 billion. Deposits declined 8.3%, and loans fell 7.9%.

The pullback was more pronounced in real-world asset lending. Deposits connected to RWA markets dropped from $1.23 billion in Q1 to $640 million in Q2, a decline of 48%.

This exposes an important gap in the tokenization narrative. Solana can host record trading in stocks, credit products and funds without those assets immediately becoming widely used as collateral or generating substantial borrowing demand.

A stronger confirmation of adoption would involve tokenized-asset growth occurring alongside expanding collateral use, higher borrowing demand and deeper secondary-market liquidity. Q2 delivered the first part, but not the others.

Staker Income Still Came Mostly From Inflation SOL’s nominal staking yield ended the quarter near 5.5%, down from 5.8% at the end of Q1. With inflation around 3.8%, the estimated real staking yield was approximately 1.7%.

Stakers earned $487 million during Q2, down 23% from $630 million in the previous quarter. More than 98% of that revenue came from token issuance, while Jito tips contributed roughly $8.2 million.

This means staking rewards continued to depend primarily on newly issued SOL rather than fees generated by network activity. For long-term token economics, the balance between issuance, fee income and token burning is more informative than the headline staking percentage alone.

The Proposed Burn Increase Is Not Yet Active The report estimated that SIMD-553 could burn between 7,500 and 9,000 SOL per day under current activity assumptions, roughly ten times the existing rate and equivalent to around 12% to 15% of daily issuance.

That is a modeled scenario, not the current burn rate or a guaranteed outcome. SIMD-553 remains a proposal and would need to pass the necessary governance and implementation stages before changing SOL’s supply dynamics.

Under Solana’s current fee structure, 50% of the base transaction fee is burned. The remaining half and all priority fees are paid to the validator producing the block.

A larger burn could strengthen the connection between network activity and SOL demand, but it would not automatically make the token deflationary. Even the report’s estimated burn remains below total daily issuance.

Investment Products Attracted Capital Through the Downturn SOL spot investment products recorded approximately $120 million in net inflows during Q2, extending positive flows for a third consecutive quarter. Over the same period, Blockworks data showed $3.7 billion of outflows from Bitcoin products and $500 million from Ethereum products.

Solana quarterly ETP flows. The comparison should be treated carefully because the products differ substantially in size, age and investor base. Still, the direction of flows suggests that some investors continued building regulated Solana exposure despite weaker onchain revenue and lower market activity.

Official SEC filings confirm the expansion of that investment infrastructure. The Grayscale Solana Staking ETF trades on NYSE Arca under GSOL, while the 21Shares Solana ETF trades on Cboe BZX under TSOL. The pipeline is still growing: Morgan Stanley filed a third round of SEC amendments on July 14 for spot Ethereum and Solana ETFs expected to trade under MSSE and MSOL. Traditional financial institutions are building similar infrastructure on other networks as well, as we covered in out report on JPMorgan’s tokenized money market fund.

Positive fund flows do not guarantee higher SOL prices or stronger network revenue. They show demand for regulated exposure, which is separate from activity taking place inside Solana applications.

What Solana’s Q2 Results Actually Show Q2 was not simply strong or weak. Solana gained ground as infrastructure for trading tokenized assets and retained its lead in decentralized spot trading, but the network generated less revenue and experienced weaker lending demand.

The constructive interpretation is that Solana is broadening beyond the speculative activity that powered its earlier revenue peaks. The more cautious interpretation is that tokenized-asset growth has not yet translated into enough borrowing, trading intensity or fee generation to strengthen the network’s underlying economics, that the user base contracted during the quarter, and that the largest single source of application revenue remains a memecoin launchpad.

The next confirmation would come from several metrics improving together: continued tokenized-asset growth, recovering REV, greater use of tokenized securities as collateral, sustained investment-product inflows and a larger share of staking rewards funded by actual fees instead of issuance.

Until then, Solana’s institutional expansion is real, but the economic value captured by the network remains the part that still needs to catch up.

Source review: Q2 figures were checked against Blockworks Advisory’s Q2 2026 Solana Tokenholder Report, which was commissioned and funded by the Solana Foundation, with Blockworks Advisory stating it retains editorial control. Recent developments were reviewed against Solana Foundation publications, Solana’s technical documentation and SEC filings as of July 21, 2026. Coindoo has no commercial relationship with any entity mentioned.

This article is provided for informational purposes only and does not constitute financial or investment advice.

Author

Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.

Ondo Perps Launches Tokenized Stock Collateralization Feature

According to official announcements, Ondo Perps has launched a tokenized stock collateral feature, allowing all users to use Ondo Finance’s tokenized stocks as valid collateral assets for perpetual contract trading. The first supported assets include tokenized versions of the S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo noted that its perpetual contract platform has processed over $3.8 billion in trading volume. As traders’ demand grows for on-platform hedging, deep liquidity, tight spreads, low slippage, exchange speeds comparable to centralized exchanges (CEXs), and 24/7 trading, the on-chain stock derivatives market is expanding rapidly. The tokenized stock collateral mechanism allows traders to gain exposure to other markets without locking funds in stablecoins or selling existing assets, thereby improving capital efficiency. This feature is part of Ondo’s "Productive Capital" strategy, designed to gradually align the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with those of traditional derivatives markets. The company added that the current trading and margin infrastructure built on tokenized assets is just the beginning of a broader on-chain prime brokerage ecosystem, with plans to launch additional markets, liquidity products, and innovative features in the future.

9 minutes ago

U.S. Trade Representative: The United States is preparing a new round of tariffs.

According to a report by The Wall Street Journal, U.S. Trade Representative Greer stated that the United States is preparing a new round of tariffs.

9 minutes ago

Binance will delist the AERGOUSDT U-margined perpetual contract.

According to an official announcement, Binance has announced that it will delist the AERGOUSDT U.S. dollar-margined perpetual contract at 14:30 (GMT+8) on July 24, 2026.

9 minutes ago

The Japanese yen's exchange rate against the US dollar has hit its lowest level since 1986.

According to Bitget market data, the Japanese yen weakened against the U.S. dollar, hitting 162.89, marking its lowest level since 1986.

9 minutes ago

From Seattle Streets to Solana Charts$JIMOTHY, the Solana-based memecoin inspired by a viral Seattle raccoon, surged another 200% in the 24 hours to July 21, extending a rally that has gripped crypto traders across the week. Trading volume topped $36 million as interest in the token showed little sign of cooling.

The real-world catalyst is Jimothy himself: a raccoon with a shorter spine than average, dubbed "Jimothy" by the internet, who first appeared in videos filmed in Seattle's Ballard neighbourhood. A video of him roaming the streets on July 14 went viral, and the internet moved fast. KUOW reported that videos related to Jimothy drew more than 10 million views on social media.

Marcie Logsdon, an associate professor at Washington State University's Veterinary Teaching Hospital, told the Seattle Times that Jimothy's shortened neck was likely the result of a congenital spine deformity. Despite his unusual shape, experts say the animal appears to be thriving.

Anonymous developers launched JIMOTHY on Pumpfun hours after the raccoon went viral. About 1 billion Jimothy tokens are in circulation and trade mainly on Solana-based decentralised exchanges, though no official connection has been confirmed between the real raccoon and the entity behind the token.

Institutions and Internet Culture CollideThe frenzy has spilled well beyond crypto circles. The Washington State Department of Licensing joined the moment, joking on X that the personalised plate "JIMOTHY" was already unavailable, as was "RACCOON." Jimothy has become an unofficial mascot for Seattle, with the Seattle Mariners briefly changing their social media profile picture to a photo of the raccoon wearing the team's hat. Seattle City Councilmember Alexis Mercedes Rinck even announced plans to present a proclamation in the raccoon's honour on July 26, to commemorate "Jimothy Summer."

The token's trajectory has been steep from the start. The Solana-based meme coin surged 52x in 24 hours on July 18, briefly reaching a $22 million market cap before retreating to $20.14 million, with $28.3 million in trading volume. The subsequent 200% move on July 21 extended those gains further, with total volume now surpassing $36 million.

Financial experts warn the memecoin's rally may not survive the news cycle. As with most viral meme coins, momentum is closely tied to social media attention, and traders are watching for any signs the fervor around Jimothy is beginning to fade.

Sources:
BeInCrypto: Jimothy The Raccoon Solana Token Climbs 186% After Viral Meme Fame
KUOW: Hot Jimothy Summer. Why a quirky raccoon is taking Seattle and the internet by storm
TODAY: Seattle Darling Jimothy The Raccoon Has Scampered Into Hearts Across The Globe

THE BLOCK: Jito rolls out JTX self-custodial trading platform for Solana tokens and RWAs

Ondo Perps Launches Tokenized Stock Collateralization Feature

According to official announcements, Ondo Perps has launched a tokenized stock collateral feature, allowing all users to use Ondo Finance’s tokenized stocks as valid collateral assets for perpetual contract trading. The first supported assets include tokenized versions of the S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo noted that its perpetual contract platform has processed over $3.8 billion in trading volume. As traders’ demand grows for on-platform hedging, deep liquidity, tight spreads, low slippage, exchange speeds comparable to centralized exchanges (CEXs), and 24/7 trading, the on-chain stock derivatives market is expanding rapidly. The tokenized stock collateral mechanism allows traders to gain exposure to other markets without locking funds in stablecoins or selling existing assets, thereby improving capital efficiency. This feature is part of Ondo’s "Productive Capital" strategy, designed to gradually align the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with those of traditional derivatives markets. The company added that the current trading and margin infrastructure built on tokenized assets is just the beginning of a broader on-chain prime brokerage ecosystem, with plans to launch additional markets, liquidity products, and innovative features in the future.

9 minutes ago

U.S. Trade Representative: The United States is preparing a new round of tariffs.

According to a report by The Wall Street Journal, U.S. Trade Representative Greer stated that the United States is preparing a new round of tariffs.

9 minutes ago

Binance will delist the AERGOUSDT U-margined perpetual contract.

According to an official announcement, Binance has announced that it will delist the AERGOUSDT U.S. dollar-margined perpetual contract at 14:30 (GMT+8) on July 24, 2026.

9 minutes ago

The Japanese yen's exchange rate against the US dollar has hit its lowest level since 1986.

According to Bitget market data, the Japanese yen weakened against the U.S. dollar, hitting 162.89, marking its lowest level since 1986.

9 minutes ago

Intel stock just got the blockchain treatment. Backpack Securities has launched a tokenized version of $INTC on Solana through its Sunrise tokenization protocol, making the chipmaker’s equity tradable around the clock on decentralized exchanges.

The move adds Intel to a growing roster of traditional stocks that now live natively on Solana, a list that already includes SpaceX ($SPCX), Micron ($MU), and Robinhood ($HOODx).

What the tokenized Intel offering actually looks like Each tokenized INTC token represents a 1:1 claim on an underlying Intel share. Those shares are held in custody and the tokens are structured to be eligible for corporate actions under New York’s UCC Article 8. If Intel pays a dividend or does a stock split, token holders aren’t left out in the cold.

The tokens trade on Raydium, Solana’s largest decentralized exchange. Early trading data shows a total supply of approximately 6,151 tokenized INTC tokens, with the underlying Intel shares priced around $103 to $104 per share.

Advertisement

Daily trading volume for the tokenized INTC sits at roughly $14.6K, with liquidity of about $199K.

Backpack’s bigger play in tokenized equities Backpack Securities, founded by former FTX employees, has been building toward this moment since launching the Sunrise protocol in June 2026. The platform lets users exchange regulated securities for native Solana tokens, bridging traditional brokerage accounts and DeFi.

Total tokenized securities volume on Backpack has reached approximately $1.5B monthly. Daily trading highs for platform-wide tokenized equities exceeded $187M in mid-June.

The SpaceX token has been a particular standout. SpaceX doesn’t trade on public markets, so tokenization gives retail investors access to something they couldn’t buy before. Intel, by contrast, is available on every brokerage app. The value proposition is different: it’s about composability and 24/7 access rather than exclusivity.

Why this matters for the RWA tokenization market Backpack has structured these tokens under established securities frameworks, giving them a different legal footing than the synthetic stock tokens that Binance and FTX experimented with in 2021 before regulators shut them down. The UCC Article 8 compliance is specifically designed to ensure token holders have the same legal protections as traditional shareholders.

The $1.5B monthly volume across Backpack’s tokenized equities platform suggests genuine market demand. That volume figure puts the platform in the conversation with some mid-tier centralized exchanges.

Smart contract risk and platform risk layer on top of normal equity market risk. A $199K liquidity pool for Intel is fine for retail experimentation, but it’s a rounding error for any fund.

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

Real Madrid is reportedly reconsidering a move for Manchester City midfielder Rodri Hernández following his standout performances at the 2026 FIFA World Cup. The Spanish giants had previously resisted pursuing the midfielder despite his publicly expressed interest in joining the club, but fresh strategic thinking under president Florentino Pérez appears to have shifted the calculus.

The transfer landscape and why crypto cares Rodri’s contract with Manchester City runs until 2027, which means any transfer would require a significant fee or a complicated negotiation window. He has reportedly declined renewal discussions with City, choosing instead to focus entirely on the World Cup, where he has been discussed as a potential Player of the Tournament.

Football transfers have become deeply intertwined with the digital asset ecosystem over the past several years. Fan tokens, issued on platforms like Socios and powered by the Chiliz blockchain, give holders voting rights on minor club decisions and serve as speculative instruments that react violently to transfer news.

Advertisement

Real Madrid does not currently have an official fan token partnership in the way that FC Barcelona, Paris Saint-Germain, and other major clubs do.

Pérez’s uncertain stance and what it signals Florentino Pérez’s position on the Rodri signing reportedly remains uncertain as of mid-July 2026.

Previous speculation linking Rodri to Real Madrid surfaced during the June 2026 presidential elections at the club. The fact that the conversation has persisted beyond the election cycle suggests something more substantive than political posturing.

Rodri’s decision to postpone any contract discussions until after the World Cup is a classic leverage play. A Player of the Tournament performance dramatically increases his market value, giving him maximum negotiating power whether he stays at City or pushes for a move.

What this means for investors Fan tokens linked to major clubs have historically shown price movements correlated with transfer announcements. When clubs sign major players, their associated tokens tend to spike as engagement and speculative interest surge. The reverse happens when star players depart.

The Chiliz ecosystem, which underpins most major fan tokens, would likely see increased trading volume if Real Madrid were to formalize any blockchain partnership ahead of or alongside a marquee signing. The CHZ token itself has historically reacted to major club partnership announcements.

Fan tokens remain highly speculative instruments with thin liquidity compared to major cryptocurrencies. Price spikes around transfer news tend to be sharp and short-lived, meaning timing matters enormously. Buying a fan token after a signing is announced is usually too late.

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

Tether Rethinks XXI’s Bitcoin Treasury Model After Just 7 Months

Shiba Inu (SHIB) extends gains, trading above $0.0000042 on Tuesday after breaking above the descending trendline the previous day. Strengthening on-chain data and improving derivatives metrics support further gains for the meme coin. 

Exchange outflows signal declining selling pressureCryptoQuant’s exchange netflow chart below shows five consecutive days of net outflows (red bar) since July 17. This indicates that traders are withdrawing SHIB from exchanges to their wallets, signaling reduced selling pressure, supporting a bullish outlook.

SHIB exchange netflow chart. Source: CryptoQuantDerivatives metrics support a bullish biasDerivatives data also supports a positive outlook for the meme coin. CoinGlass’ long-to-short ratio reads 1.02 on Tuesday. A ratio below 1 indicates bullish sentiment, as traders bet that asset prices will rise.

SHIB long-to-short ratio chart. Source: CoinglassIn addition, SHIB’s funding rates flipped positive on July 17 and have remained in bullish territory, with a reading of 0.0103% on Tuesday, indicating that longs are paying shorts and projecting bullish sentiment.

SHIB funding rates chart. Source: CoinglassShiba Inu Price Forecast: Breaks above the descending trendlineShiba Inu price extends its gains, trading above $0.0000042 on Tuesday after breaking out of the descending trendline (drawn by connecting multiple highs since mid-May) the previous day.

If SHIB continues its recovery, it could extend the rally toward the next daily resistance at $0.0000045. A close above this could extend gains toward the 50-day Exponential Moving Average (EMA) at $0.0000045.

The Relative Strength Index (RSI) on the daily chart reads 45, trending toward the neutral 50 level and indicating fading bearish momentum. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover, with rising green histogram bars, further supporting the positive outlook.

SHIB/USDT daily chartHowever, if SHIB continues its correction, it could extend the decline toward the yearly low at $0.0000040.

Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. 

According to analysts, Shiba Inu’s recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.

For context, SHIB has remained in a prolonged downturn since losing the critical $0.00000628 support level in May 2026. Following that rejection, SHIB has continued to print lower highs and lower lows, confirming that sellers remain firmly in control of the market.

Price Action Suggests More Downside As the bearish momentum persists, SHIB has fallen below $0.0000042 and is now trading around $0.00000415, close to the lower boundary of its recent consolidation range.

Notably, this price structure closely mirrors SHIB’s performance between April and June 2023. During that period, the token traded sideways for several weeks before breaking lower and eventually establishing a local bottom. The current setup suggests that a similar sequence may be unfolding once again.

Based on the projected historical pattern, analysts expect SHIB could decline toward the $0.0000032–$0.0000033 support zone through late July and into August 2026. From the current price of $0.00000415, such a move would represent a decline of roughly 20%. 

Recovery Remains Possible After Support Test Despite the bearish outlook, the projected pattern also indicates that SHIB could stage a rebound after testing the expected support area.

If buyers step back into the market and overall sentiment improves, Shiba Inu could recover toward the $0.0000038–$0.0000040 range. However, a stronger bullish reversal would require SHIB to reclaim key resistance levels.

Specifically, the token would need to break above the $0.0000044–$0.0000045 resistance zone before targeting the more significant $0.0000055–$0.0000056 area. 

Historical Pattern Is a Guide, Not a Guarantee If the historical comparison continues to play out, SHIB could establish another local low before beginning a more sustained recovery. However, while the 91.2% pattern match highlights a credible short-term bearish scenario, it does not guarantee that the token will follow its 2023 trajectory exactly. 

At the time of writing, Shiba Inu has posted a modest 3.23% gain over the past 24 hours and 3.69% over the past week. Trading activity has also picked up, with SHIB’s 24-hour trading volume rising 7.58% to $55.46 million. Despite the recent recovery, however, Shiba Inu remains outside the top 30 largest cryptocurrencies by market cap. The token currently ranks 32nd globally, with a market capitalization of approximately $2.46 billion.

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.

Table of contents

Almost every page comparing these two ends the same cowardly way: both are great, do your own research, here is a buy button. That is not an answer, and anyone typing this comparison into a search bar has already narrowed the field to two and wants somebody to arbitrate. So this page arbitrates. Five rounds, each decided by a number, each declaring a winner, then a verdict with the single fact that would overturn it.

The Tale of the Tape Dogecoin (DOGE)Shiba Inu (SHIB)Price$0.07256$0.000004214Market capabout $11.26 billionabout $2.48 billion24h volumeabout $397 millionabout $56 millionTurnover ratio3.5%2.3%Circulating supplyabout 160 billionabout 590 trillionSupply capnone, inflates forever1 quadrillion, fixed, burningBelow all-time highabout 90.1%about 95.1%LaunchedDecember 2013August 2020 Live data as of July 21, 2026, from CoinGecko and CoinGecko. Prices in this sector move fast; verify before acting.

Round 1: Liquidity DOGE traded about $397 million in 24 hours. SHIB traded about $56 million. That is seven times the volume on four and a half times the market cap, which means the larger coin is also the more actively traded one relative to its size: a 3.5% turnover ratio against 2.3%.

Why this decides more than it looks like it should: turnover is the width of the exit door. In a panic, a coin with 2.3% daily turnover marks down much further to fill the same sell order than one at 3.5%. DOGE also enjoys the deepest exchange coverage in the meme sector and now appears in listed fund products with Dogecoin exposure, which brings a category of buyer SHIB does not yet have.

One honest note on our own data, because it complicates the win. When this site measured the same ratio on July 7, DOGE stood at 6.9% and SHIB at 2.9%. Both have thinned, but DOGE’s turnover has roughly halved in two weeks. It still wins this round comfortably. It is winning it with less than it had.

Winner: Dogecoin. Best argument for SHIB anyway: its volume expanded more than 50% day over day into this reading, which is the shape of interest returning rather than leaving.

Round 2: Supply This is the round that is not close, and it runs the other way.

Dogecoin has no maximum supply. New coins are minted continuously, roughly 5 billion per year against about 160 billion circulating, which is persistent single-digit inflation forever. Every year, DOGE needs new demand of that size simply to hold its price flat. There is a defensible argument that this is a feature, since the emission funds miners and keeps fees negligible for a coin designed as tipping money. There is no argument that it helps the holder.

Shiba Inu has a fixed maximum of one quadrillion tokens, about 590 trillion of which circulate, and its supply moves in the opposite direction: burns permanently remove tokens, and burn activity has picked up recently alongside the price. The quadrillion headline scares newcomers, but the direction of travel is what matters for the next holder, and SHIB’s direction is down while DOGE’s is up.

The honest limit on SHIB’s advantage: burns at their historical scale are small relative to a supply that size. They are directionally right and mathematically modest, and anyone promising that burns alone will reprice SHIB is selling something.

Winner: Shiba Inu. Best argument for DOGE anyway: predictable, transparent, unchanged inflation is a known quantity, and the market has priced it for twelve years.

Round 3: Ecosystem and Utility Dogecoin is deliberately simple. Payments, tipping, merchant acceptance, Proof of Work security, no roadmap to speak of. The simplicity is the product, and for a decade it has been enough.

Shiba Inu built the opposite: ShibaSwap for trading, Shibarium as a layer-2 network, BONE for governance and LEASH for scarcity, plus NFT and gaming projects around the edges. On breadth alone this is not a contest.

The question this site asks of every token applies here too: does any of that activity reach the holder? For SHIB, the honest answer is indirect at best. Shibarium usage feeds burns and narrative rather than a dividend, and the ecosystem’s health does not mechanically transfer to the token’s price. That is the same value-capture problem we examine on our Uniswap and Arbitrum pages, in meme clothing.

Winner: Shiba Inu, on optionality: a coin building things has more ways to surprise you than a coin that has finished being what it is. Best argument for DOGE anyway: it needs nothing to work. There is no roadmap to miss, no layer-2 to fail, no team to leave.

Round 4: Momentum and Structure Recent tape: SHIB up about 1.7% in 24 hours with volume expanding more than half day over day, and roughly flat across the week. DOGE up about 0.2%, roughly flat across the week as well. Both coins are, in plain terms, asleep, which is itself the useful observation: neither is participating in the current rotation that has favored older large caps and RWA tokens.

Our own level records apply. This site’s prediction pages named $0.070 as the floor DOGE must hold and $0.080 as the level that starts a catch-up trade; DOGE sits between them, still undecided two weeks later. For SHIB the marker was volume: we said watch the turnover ratio, and that a rally on dead volume deserves distrust. Volume is now expanding while price barely moves, which is the more constructive of the two sequences.

Winner: Shiba Inu, narrowly, on volume expansion into a flat price. Best argument for DOGE anyway: at 90% below its high with the deepest liquidity in the sector, it is the vehicle any broad meme rotation historically passes through first.

Round 5: Risk DOGE’s risks are structural and boring: infinite supply, dependence on personality-driven attention cycles, and a development pace that can charitably be called relaxed. Its saving grace is that none of these are new; the market has already survived all of them repeatedly.

SHIB’s risks are sharper. It trades about 95% below its 2021 peak, five percentage points deeper than DOGE, which tells you its last cycle unwound harder. Its thesis leans on Shibarium adoption, a burn mechanism that must scale meaningfully to matter, and a small group of known figures steering the project. Thinner turnover also means a rougher exit if sentiment turns.

Winner: Dogecoin. Best argument for SHIB anyway: risks that are visible and specific are easier to monitor than risks that are diffuse. You can watch Shibarium metrics and burn rates. You cannot watch whether a celebrity gets bored.

The Verdict Scorecard: Shiba Inu takes supply, ecosystem and momentum. Dogecoin takes liquidity and risk. That is 3 to 2 on rounds, and the rounds are not equally weighted for every reader, which is why the verdict is conditional rather than a coronation.

Dogecoin is the right choice if size and exit matter more to you than upside. It is the meme coin institutions can access, the one you can leave in a hurry, and the first stop for any sector-wide rotation.

Shiba Inu is the right choice if you are buying asymmetry. Smaller cap, shrinking supply, an ecosystem that could surprise, and a deeper hole to climb out of, which is another way of saying more room if it climbs.

The single fact that would flip this verdict: DOGE’s turnover ratio. It has halved in two weeks, from 6.9% to 3.5%. Liquidity is Dogecoin’s entire structural advantage, and if that ratio keeps falling toward SHIB’s level, DOGE becomes a slower coin with a worse supply schedule and no compensating edge. Watch that number, on this page, monthly. If it recovers above 5%, the verdict hardens toward DOGE. If it falls under 3%, this page will say so, and the recommendation changes.

This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.

Frequently Asked Questions Is Dogecoin better than Shiba Inu? On liquidity and risk, yes: DOGE trades about seven times more volume on a 3.5% turnover ratio against SHIB's 2.3%. On supply and ecosystem, SHIB is stronger. The right answer depends on whether you prioritize exit safety or asymmetric upside.

Which is safer, DOGE or SHIB? Dogecoin, on the specific measure of liquidity, which determines how easily a position can be exited. Neither is safe in absolute terms; both are attention-driven assets trading 90% or more below their peaks.

Can Shiba Inu flip Dogecoin? It did briefly in October 2021. Doing it again from a $2.48 billion cap against $11.26 billion requires roughly a 4.5x relative move, which historically only happens in full meme manias.

Which has more upside, DOGE or SHIB? SHIB has a smaller cap, a fixed supply and a deeper drawdown, which mathematically leaves more room. It also carries thinner liquidity and a thesis that depends on ecosystem adoption. More room and more risk are the same sentence here.

What is the main difference between Dogecoin and Shiba Inu? Supply and design. DOGE is an uncapped Proof of Work payments coin with no roadmap. SHIB is a capped, deflationary Ethereum token with a layer-2 network, a decentralized exchange and multiple companion tokens.

Should I buy DOGE or SHIB in 2026? This page gives a conditional verdict rather than advice: DOGE for liquidity and institutional access, SHIB for asymmetry. Both are high-risk speculation, and position sizes should assume drawdowns of 50% or more.