Shiba Inu, a meme-inspired cryptocurrency that has attracted a large community of investors, recently experienced one of its largest exchange outflow events in recent weeks. Over 324 billion SHIB tokens have been withdrawn from centralized trading platforms, a move that market observers typically link to accumulation rather than immediate selling.
Major withdrawal signals investor accumulationRecent on-chain data shows that exchange outflows reached approximately 325.7 billion SHIB, surpassing inflows of about 251.5 billion SHIB during the same period. This dynamic resulted in a net negative exchange flow of roughly -74.2 billion SHIB, indicating a substantial amount of tokens exited trading platforms.
Such negative netflows usually suggest that holders are moving their assets to personal wallets, long-term storage, or staking services, rather than preparing to sell. Traders commonly transfer tokens to exchanges before executing sales, so the removal of a significant number of tokens from these platforms hints at a shift toward accumulation.
With SHIB reserves on exchanges continuing to decrease, a growing trend toward long-term holding has become apparent, according to the latest on-chain indicators.
This withdrawal activity comes as Shiba Inu’s price remains close to $0.0000114, hovering near some of its lowest points recorded in 2025. The asset has struggled to regain upward momentum, experiencing an extended downtrend and losing several key support levels in recent months.
Historically, periods marked by heavy outflows have often coincided with increased accumulation by long-term holders, especially when investors perceive the asset as undervalued. Under such conditions, tokens move off exchanges in anticipation of future price appreciation, rather than being made available for immediate trading.
Mini dictionary: On-chain data refers to blockchain-based information that provides real-time insight into market activity, such as token inflows and outflows, large holder behavior, and overall supply changes.
SHIB enters consolidation phase amid low volatilityAfter significant downward movement earlier in the year, SHIB’s price has entered a stabilization phase. Its value has settled within the $0.0000110 to $0.0000115 range, with volatility greatly reduced compared to previous months.
Technical indicators point to a less aggressive bearish sentiment than seen earlier. The Relative Strength Index (RSI) has moved back toward neutral territory, indicating more balanced market conditions. However, Shiba Inu continues to trade below its major moving averages, and the overall trend remains negative. Resistance is currently established around short- and long-term trend indicators, with the 50-day, 100-day, and 200-day moving averages seen as key barriers to recovery.
MetricRecent ValueTrendSHIB exchange outflow325.7 billion SHIBIncreasedSHIB exchange inflow251.5 billion SHIBLowerNet exchange flow-74.2 billion SHIBNegativeCurrent price range$0.0000110–$0.0000115StableWhile the recent withdrawal suggests a preference for accumulation over panic selling, analysts caution that outflows alone do not guarantee an immediate reversal in price trends. The current challenge lies in whether these on-chain signals can translate into lasting price recovery following months of decline.
Although accumulation appears to be rising, Shiba Inu will need sustained buying momentum to overcome technical resistance levels and reverse its prolonged downtrend.
The coming weeks will determine if this wave of token movement from exchanges to private wallets can shift the balance of supply and demand enough to spark a broader rebound for Shiba Inu.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via 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.
TL;DR
Bitcoin's quantum discount hit a record 30% as Core developers resist freezing dormant addresses and Galaxy Digital launches a $5 million Quantum Readiness programXRP's 30-day MVRV turned positive, but the token still faces resistance at $1.146 and a bigger trend barrier at $1.416A new whale moved $2.76 million in SHIB off Coinbase to a fresh wallet, the second major withdrawal this week as the token consolidates near multi-month lowsBitcoin ETFs posted $727 million in net inflows over five days even as Bitcoin Knots developers and Michael Saylor clash over the BIP-110 proposalThursday's US jobless claims data is the next volatility catalyst ahead of the Federal Reserve's meeting later this month30% for fear: Why Bitcoin is trading at a quantum discountBitcoin's quantum discount has reached 30% for the first time in history, according to fresh data from the Capriole Investments model. With the current market price at $65,472, investors are pricing in an unprecedented risk discount: fundamentally, the asset is valued at almost twice as much, but uncertainty surrounding Q-Day continues to drag the price lower.
The discount continues to deepen, as it stood at 28% at the beginning of the summer.
HOT Stories
Capriole founder Charles Edwards added fuelby publicly taking aim at Bitcoin Core developers and directly asking whether they planned to do anything about the issue.
Bitcoin price chart to USD with discount factor, Source: Charles Edwards via XThe technical deadlock is that Google Quantum AI confirmed this spring that algorithms capable of breaking the secp256k1 curve, which underpins Bitcoin's security, are accelerating. To implement post-quantum protection, Core developers would have to forcibly freeze old "dormant" addresses, including Satoshi Nakamoto's one million coins — a step they are not prepared to take.
While Grayscale considers the panic premature, Citi analysts are warning about a "harvest now, decrypt later" strategy: hackers are already copying mempool traffic in order to crack it retroactively. Against the backdrop of Ethereum's migration to new signature schemes, Core's technological hesitation is costing the market exactly 30% in unrealized value.
While developers delay, businesses are taking the initiative. Galaxy Digital has launched a $5 million Quantum Readiness program to fund grants aimed at protecting the network from Shor's algorithm. Market momentum is building: Coinbase advisers are demanding an immediate code migration, while Project Eleven analysts predict that machines capable of threatening modern cryptography could emerge as early as 2030–2033.
XRP exits the "fear zone": Traders are profitable again, but the chart remains tenseInvestors who accumulated XRP over the past month have finally moved out of the red. According to Santiment analysts, the 30-day MVRV indicator for XRP and other major altcoins, including ETH, ADA and LINK, has crossed above zero, meaning that short-term wallets are now showing a small profit.
The turning point came after Bitcoin's comeback to $65,000. The market was supported by softer US inflation data and fresh inflows into crypto ETFs, which noticeably revived buyers, while the "Fear Buy Zone" of relatively safe bottom buying was left behind.
The rebound is real, but since traders are no longer sitting on losses, they now have a natural incentive to take profits. Any sign of the market cooling could trigger a rapid wave of selling.
Top cap 30-day MVRV comparison, Source: Santiment and SanbaseOn the daily chart, XRP is currently trading near $1.1331, up around 3.5% since the beginning of the week. The price found local support slightly above the psychological $1.00 level and is attempting to develop a full-fledged rebound.
Meanwhile, the Relative Strength Index has settled in neutral territory at 55, confirming that panic selling has stopped and buyers have gained some room to maneuver.
However, it is still too early to celebrate a global reversal, as the asset has now run into resistance at the short-term moving average near $1.1459. The main challenge for bulls remains the heavy long-term trend level around $1.4159.
Only a decisive breakout above this level would prove that XRP has finally broken the downtrend and is ready for significant growth.
Why are new whales vacuuming up SHIB at the local bottom?While retail traders are bored by the summer flat market, major players are quietly vacuuming up supply. According to Arkham Intelligence, Coinbase Prime has recorded a series of large Shiba Inu withdrawals to newly created wallets with no previous transaction history.
The main event was the transfer of 645.928 billion SHIB, worth around $2.76 million, to the address "0xd017dBe7C45".
This is already the second major purchase in a week. Just yesterday, another unknown whale withdrew 162.43 billion SHIB, worth approximately $672,000, from the same platform.
Why are they doing this? Moving tokens to private wallets removes them from exchange order books and reduces the available supply.
History of transactions of '0xd017dBe7C45' with Shiba Inu (SHIB) coin, Source: Arkham IntelligenceThe SHIB chart clearly shows that large capital is carefully buying the local bottom. After a prolonged decline from the May highs, the price found firm support in the $0.00000412–$0.00000423 range, where a bullish RSI signal formed.
The asset is currently trapped in a narrow corridor and trading at $0.00000428. However, the moving average at $0.00000450 is limiting the price from above, while the global downtrend, shown by the red line, remains much higher at around $0.00000594.
Major players are clearly using this prolonged consolidation and reset RSI to accumulate without drawing attention before a potential breakout from Shiba Inu's multi-month decline.
Crypto market outlook: Bitcoin ETFs stage a $727 million comeback while Saylor fights for codeThe crypto market appears to have found a local bottom. Spot Bitcoin ETFs snapped a steep outflow streak, pulling in around $727 million in net inflows over the past five days.
Institutional investors are adding fresh capital while a dispute over the BIP-110 upgrade splits Bitcoin's developer community. Bitcoin itself is holding in the $65,700–$67,200 range after US funds absorbed $227 million on July 20 alone.
Total Bitcoin Spot ETF Net Inflow over the last 30 days, Source: SoSoValueKey checkpoints:
ETFs are back in the game: After a prolonged period of capital outflows, Bitcoin funds delivered a five-day inflow streak of $727 million, their best result in almost three months. Ether ETFs added another $38 million on the same day, pointing to fading seller pressure.Bitcoin is holding its ground: The leading cryptocurrency is locked in a narrow range between $65,700 and $67,200. A breakout above resistance would open the way toward local highs, while a drop below support would put the market under pressure.BIP-110 splits developers: Bitcoin Knots developers, whose software runs around 23% of nodes, want to limit OP_RETURN to 83 bytes to cut spam transactions, NFT inscriptions and shitcoins off the network. Michael Saylor has publicly opposed the upgrade, calling it censorship and "monetary purity imposed from above." Opponents counter that market fees, not code restrictions, should regulate network use.Macroeconomic trigger: The main volatility catalyst this week arrives Thursday, July 23, when the US releases initial jobless claims data. The reading will shape rate expectations ahead of the Federal Reserve's meeting later this month. You Might Also Like
When a single wallet buys 10% of a token's circulating supply for less than the cost of a used car, the story usually ends one of two ways. The holder exits. Or the position becomes part of crypto folklore. The Shiba Inu whale cluster chose the second path, and Bubblemaps has been tracking it from the start.
The original tradeIn the second half of 2020, wallet 0x1406 quietly accumulated 103 trillion $SHIB for 38 ETH, roughly $10,000 at the time. Five years later, that same position has been worth as much as $5 billion in a single wallet, and is currently valued above $2.5 billion across the cluster's full footprint. The return on the original bet now sits somewhere north of 21,000x, putting it in the running for the largest single trade in crypto history.
2021: Dodging the radarTo stay safe (and likely under the radar) he split it into 14 addresses in November 2021.
January 2023: Bubblemaps puts the cluster on the mapOur first thread on the $SHIB whale dropped on January 20, 2023. At the time, the cluster controlled 10% of the supply and was worth just over $1 billion. The thread laid out the funding path from the deployer wallet through 0x1406 and asked the obvious question. What does it mean when one entity holds this much of a token?
The reception was louder than expected. Replies poured in pointing at "@Shibtoshi_SG" as the likely owner, and a SquidGrow-aligned community rallied around the holder as a "diamond hands" archetype. One person even claimed ownership of the wallets and asked us to take the thread down. They offered no proof, so we kept it up.
September 2023: cluster tries to disappearBy September 28, 2023, the wallet structure had changed. The cluster had begun fragmenting its holdings across newly created addresses, a textbook obfuscation move when a large holder realizes they are being watched. We mapped the new layout and showed how the cluster's footprint shifted from a handful of obvious wallets to a wider, harder to read web. The pattern was unmistakable: smaller balances, more addresses, less signal in the top-holder list. Only Magic Nodes, our tool for surfacing hidden links between wallets, made the cluster visible as a single entity.
March 2024: $2 billion and countingWhen $SHIB rallied 250% in a single week at the start of 2024, the cluster's value jumped back above $2 billion. By that point, the holdings had spread from a handful of wallets to over 170 addresses. We documented the new structure and called attention to the fact that, despite all the splitting, the cluster had not meaningfully sold.
November 2024: the $2.5 billion snapshotOur final deep dive, on November 19, 2024, confirmed what the on-chain data had been suggesting for nearly two years. The cluster was still holding the vast majority of its original $10,000 investment. Holdings had migrated from 0x1406 to a network of around 150 addresses, Magic Nodes made the underlying concentration visible yet again. The thread also resurfaced a striking detail from the original post. At peak, a single address in this cluster held roughly $5 billion worth of $SHIB before the split.
Where the cluster stands todayThe cluster in question is currently holding 8.51% of $SHIB at the time of writing, down from the 10% we first documented but still enormous by any measure. The slight reduction reflects routine on-chain movement rather than a coordinated exit. Across more than four years of observation, the holder has not sold a meaningful slice of the original 103 trillion $SHIB position.
Why this case still mattersThe $SHIB whale cluster is one of the cleanest real-world examples of why on-chain transparency tools exist. A single entity quietly accumulated a controlling share of a top-20 token, tried to obscure the holdings once the structure was exposed, and has now spent more than four years holding the bag. None of that was visible from price charts or token-unlock calendars. It was only visible because every transfer left a public fingerprint.
For Bubblemaps, this is a benchmark case. It stretches across the full lifecycle of our coverage: discovery, identification, obfuscation, persistence. If you want to explore the current state of the cluster yourself, the interactive maps linked in the threads above are the best starting point.
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.
1 seconds 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.
1 seconds ago
An unnamed whale has been steadily adding to its WBTC and ETH positions this month, now sitting on over $12 million in unrealized gains.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that has accumulated over $109 million in positions since July added an additional $9.87 million worth of WBTC in the past 24 hours. The whale currently holds 49,500 ETH and 600 WBTC, with a total value of $122 million, an average cost basis of approximately $1,706 per ETH and $63,950 per WBTC, and an unrealized profit of $12.593 million.
1 seconds ago
Arcus Launches 24/7 US Stock Tokens and Perpetual Contract Markets on the Robinhood Chain
Arcus has officially launched 24/7 trading functionality and rolled out over 95 stock tokens on Robinhood Chain, offering zero-fee trades. Meanwhile, the platform also launched a beta version of its perpetual contract market via its self-custody decentralized exchange. In a statement, Arcus noted that the launch will allow eligible traders to invest in stocks of leading companies spanning sectors including artificial intelligence, semiconductors, space exploration and quantum computing, such as large-cap firms like Nvidia, Apple, Microsoft, Tesla, Meta, Alphabet and Amazon. Additionally, Arcus has launched a beta perpetual futures trading market, which currently has over 75,000 people on its waitlist. The platform supports perpetual contract products covering U.S. stocks, exchange-traded funds (ETFs), commodities and cryptocurrencies, including trading pairs linked to the SPY ETF, QQQ ETF, GLD ETF, USO ETF, Bitcoin, Ethereum, Solana and XRP. Arcus was founded by Eddie Zhang, with its development team coming from the core team behind dYdX.
1 seconds ago
SemiAnalysis: The power gap in AI data centers is widening, and reciprocating engines may become the leading technology for behind-the-meter power supply.
Independent semiconductor and AI research firm SemiAnalysis reports that the rapid growth in AI computing power demand is transforming power supply models for data centers. Reciprocating engines, historically used primarily as backup power during grid outages, are being repositioned as baseload power sources operating around the clock. This year, reciprocating engine manufacturers have signed contracts for roughly 1GW of behind-the-meter (BTM) power projects, with annual new supply volumes projected to exceed 4GW in 2027 and 2028. After modeling U.S. grid capacity, SemiAnalysis notes that existing power reserves are expected to be exhausted between 2027 and 2028, and planned additions to utility-scale power generation capacity through 2030 remain insufficient to meet the new load demand from data centers. Combining its data center model, SemiAnalysis estimates that roughly 140GW of potential data center projects have not yet finalized power supply contracts, and many of these will likely adopt behind-the-meter power models to bypass grid expansion bottlenecks. Among behind-the-meter power technologies including reciprocating engines, aeroderivative gas turbines, and fuel cells, SemiAnalysis projects reciprocating engines will capture the largest market share. The firm cites their combination of low cost, rapid deployment, modular scalability, and stronger financing capabilities as key advantages, while equipment manufacturers including Caterpillar, INNIO, and Cummins are expanding production capacity to support large-scale deployments in the coming years. As AI data centers continue to expand, on-site self-generated power is evolving from a traditional backup resource to critical energy infrastructure, and reciprocating engines are poised to become a key solution for bridging power gaps in the computing power era.
1 seconds ago
Venezuela’s largest fintech firm Cashea completes $100 million funding round.
According to Bloomberg, Venezuela’s largest fintech company Cashea has raised a total of $100 million across two financing rounds. Global investors are betting on the firm’s ability to achieve growth in a market long plagued by credit constraints. Cashea announced it closed a $60 million Series B round in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors. Earlier, Cashea completed a $40 million Series A round in March, led by Spice Expeditions. The round included $20 million in equity financing and $20 million in debt financing provided by Architect Capital.
Whale WETH activity is breaking multi-year records as ETF, L2, treasury, and institutional narratives are heating up.
Wrapped Ethereum (WETH) recorded 113,000 whale transactions worth more than $100,000 over the past week. This figure is its highest level since May 2021, according to on-chain analytics platform Santiment.
The surge indicates that significant capital is moving through Ethereum’s trading, lending, liquidity, and decentralized finance (DeFi) infrastructure rather than remaining idle in wallets.
WETH Whale Activity Santiment, in its latest post on X, revealed that the increase coincides with several signs of rising demand for Ethereum. These include accelerating inflows into US spot Ether ETFs, with BlackRock’s ETH products absorbing a large share of recent inflows, as well as growing activity on Robinhood Chain, which uses ETH for gas and has processed heavy decentralized exchange (DEX) volume since its July 1 launch.
The analytics firm also pointed to increasing corporate treasury participation, as it highlighted Bitmine’s holdings of around 5.8 million ETH and backing from Bitmine, SharpLink, and Joe Lubin for Ethlabs to cater to the increasing institutional demand for Ethereum.
While they do not guarantee a price rally, these factors are worth paying attention to.
Next Key Levels As for ETH’s price, the world’s largest altcoin by market cap, climbed to $1,934 on Wednesday, rising by almost 9% on the week and 4.5% on the day. Earlier, crypto analyst Ali Martinez said Ethereum remains above the “must hold” level of $1,850; its next upside target would be $2,300.
MN Trading founder Michaël van de Poppe also believes that if the crypto asset holds the crucial support zone above $1,800, it should “trigger a continuation upwards.”
You may also like: Tom Lee’s Bitmine Slashes Weekly Ethereum Purchases by 76% – Here’s Why Analyst Says Long-Term Bullish Setup Could Take Ethereum to $22K Ethereum Drops 4%, but Analysts Still See a Path Toward $2,245 and Beyond A similar projection was made by another analyst, Tony Research, who said ETH could first climb above $2,000, with a move toward the $2,200 area possible if Bitcoin reaches $70,000. However, the rally is expected to be followed by seven to 10 days of distribution before Ethereum falls into a final bottom zone between $1,260 and $890, which the analyst described as a dollar-cost averaging (DCA) opportunity.
According to the forecast, that decline would pave the way for a new bull cycle, with Ethereum eventually targeting $7,000.
A decentralized exchange (DEX) backed by Robinhood is expanding into tokenized stocks and derivatives as platforms compete to build onchain markets for traditional assets.
Arcus, a DEX built by the team behind decentralized trading platform dYdX and backed by Robinhood Crypto, launched tokenized stocks and perpetual futures on Robinhood Chain on Tuesday, according to an announcement shared with Cointelegraph.
The company previously launched spot markets when Robinhood Chain went live on July 1. Arcus offers more than 95 stock tokens, perpetual markets and crypto assets through a self-custodial trading account, with Paxos-issued stablecoin USDG serving as its primary collateral and settlement asset.
The launch comes as crypto companies and financial platforms increasingly compete to build infrastructure for tokenized real-world assets (RWAs), while regulatory questions around access and product structure remain a key challenge for the sector.
Self-custody shapes approach to onchain tradingArcus’s launch includes tokenized versions of stock in major US companies such as Nvidia, Tesla, Apple, Microsoft, Meta, Google and Amazon, as well as perpetual markets tied to equities, exchange-traded funds, commodities, indexes and crypto assets.
The platform uses a self-custodial model, allowing users to retain control of their assets rather than deposit them with a centralized exchange. Arcus uses Privy, a wallet infrastructure company that helps applications create and manage crypto wallets, allowing users to sign up through email or social logins.
Source: Robinhood Chain
Users who already hold crypto can connect existing self-custodial wallets, including MetaMask, Ledger and WalletConnect, with the company citing support for additional Ethereum-compatible wallets.
Tokenized stocks face regulatory questionsArcus said its stock tokens are unavailable in the US, Canada, the UK and other restricted jurisdictions, highlighting the different regulatory approaches to tokenized securities across markets.
Cointelegraph contacted Arcus for clarification on the restrictions but did not receive a response by publication time.
Regulators in markets including the US and UK have been examining how blockchain-based representations of traditional assets fit within existing financial frameworks, with questions around custody, ownership and market structure being addressed.
The launch adds another player to the growing race to build infrastructure for tokenized assets, with platforms including Coinbase-backed Base exploring ways to bring traditional financial products onchain.
Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The team behind dYdX just launched a new exchange that lets you trade Tesla stock and a 50x leveraged perpetual contract from the same self-custodial wallet. Arcus, which went live on July 1 on Robinhood Chain, is what happens when a DeFi trading powerhouse and a retail brokerage giant decide traditional finance needs to live onchain.
The platform already processed nearly 285,000 transactions in its first week, racking up $33 million in trading volume and $15 million in total value locked.
What Arcus actually does Here’s the pitch: around 95 tokenized stock tokens available for fee-free trading, 24 hours a day, seven days a week. No waiting for the NYSE to open. No settlement delays. Just onchain representations of equities that trade whenever you want them to.
Advertisement
Then there’s the spicier side. Arcus also offers 35 real-world asset perpetual futures contracts with leverage up to 50x. In English: you can take outsized bets on traditional assets using DeFi infrastructure, with no intermediary holding your funds.
The real kicker is composability. Tokenized stocks on Arcus can be used as collateral for perpetual futures positions. So if you’re holding Apple stock tokens, you can put them to work backing a leveraged trade.
Arcus runs on Robinhood Chain, a Layer-2 network built using Arbitrum Orbit technology. The platform is accessible in over 120 countries, though notably not in the US, Canada, or the UK. Eddie Zhang serves as CEO of the project, with dYdX founder Antonio Juliano sitting on the board. The team has been careful to note that Arcus operates separately from the dYdX v4 Chain, positioning it as a distinct product rather than a rebrand.
What this means for investors The planned ARCUS governance token is the obvious thing to watch. The team has indicated reserved allocations for the existing dYdX community, which could create interesting dynamics for current dYdX token holders. No tokens are available for trading yet.
The 50x leverage on RWA perpetuals deserves scrutiny. The platform’s decision to exclude the US, Canada, and the UK from its 120-country footprint is a preemptive compliance move, but the regulatory landscape for tokenized securities remains deeply unsettled globally.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
6 minutes ago
An unnamed whale has been steadily adding to its WBTC and ETH positions this month, now sitting on over $12 million in unrealized gains.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that has accumulated over $109 million in positions since July added an additional $9.87 million worth of WBTC in the past 24 hours. The whale currently holds 49,500 ETH and 600 WBTC, with a total value of $122 million, an average cost basis of approximately $1,706 per ETH and $63,950 per WBTC, and an unrealized profit of $12.593 million.
6 minutes ago
SemiAnalysis: The power gap in AI data centers is widening, and reciprocating engines may become the leading technology for behind-the-meter power supply.
Independent semiconductor and AI research firm SemiAnalysis reports that the rapid growth in AI computing power demand is transforming power supply models for data centers. Reciprocating engines, historically used primarily as backup power during grid outages, are being repositioned as baseload power sources operating around the clock. This year, reciprocating engine manufacturers have signed contracts for roughly 1GW of behind-the-meter (BTM) power projects, with annual new supply volumes projected to exceed 4GW in 2027 and 2028. After modeling U.S. grid capacity, SemiAnalysis notes that existing power reserves are expected to be exhausted between 2027 and 2028, and planned additions to utility-scale power generation capacity through 2030 remain insufficient to meet the new load demand from data centers. Combining its data center model, SemiAnalysis estimates that roughly 140GW of potential data center projects have not yet finalized power supply contracts, and many of these will likely adopt behind-the-meter power models to bypass grid expansion bottlenecks. Among behind-the-meter power technologies including reciprocating engines, aeroderivative gas turbines, and fuel cells, SemiAnalysis projects reciprocating engines will capture the largest market share. The firm cites their combination of low cost, rapid deployment, modular scalability, and stronger financing capabilities as key advantages, while equipment manufacturers including Caterpillar, INNIO, and Cummins are expanding production capacity to support large-scale deployments in the coming years. As AI data centers continue to expand, on-site self-generated power is evolving from a traditional backup resource to critical energy infrastructure, and reciprocating engines are poised to become a key solution for bridging power gaps in the computing power era.
6 minutes ago
Venezuela’s largest fintech firm Cashea completes $100 million funding round.
According to Bloomberg, Venezuela’s largest fintech company Cashea has raised a total of $100 million across two financing rounds. Global investors are betting on the firm’s ability to achieve growth in a market long plagued by credit constraints. Cashea announced it closed a $60 million Series B round in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors. Earlier, Cashea completed a $40 million Series A round in March, led by Spice Expeditions. The round included $20 million in equity financing and $20 million in debt financing provided by Architect Capital.
6 minutes ago
WTI crude oil's intraday gain has widened to 3%.
Per Bitget's market data, WTI crude oil's intraday gain has widened to 3%, now trading at $85.40 per barrel. Brent crude oil climbed 2.16% to $89.4 per barrel.
6 minutes ago
Ionic Digital to list on Nasdaq on July 28 under stock ticker IOND.
Ionic Digital expects its shares to begin trading on the Nasdaq Global Select Market on July 28, after the U.S. Securities and Exchange Commission (SEC) declared its registration statement effective, clearing the final major regulatory hurdle for the company’s long-planned listing. According to a company statement, Ionic’s stock ticker will be “IOND”. The firm opted for a direct listing rather than a traditional initial public offering (IPO), meaning it will not issue new shares nor receive any proceeds from the transaction; instead, existing registered shareholders will be able to sell their holdings on the public market. Ionic was originally formed to take over Bitcoin mining assets from the Celsius estate, before pivoting to position itself as a broader digital infrastructure company serving artificial intelligence (AI) and high-performance computing (HPC) workloads. The company first submitted its Form S-1 registration statement earlier this month. Ahead of the listing, Ionic has raised roughly $400 million to support data center construction and fuel its business shift from Bitcoin mining to a wider digital infrastructure focus.
Maple’s syrupUSDC and syrupUSDT bring tokenized lending positions closer to everyday DeFi trading.
Stablecoins are useful. But they can also sit still. Hold USDC or USDT in a wallet, and you hold a dollar-pegged asset. That is simple. But in institutional credit markets, stablecoins can also become productive capital. That is the idea behind Maple.
Maple is an on-chain lending platform for institutions. Trading firms can borrow stablecoins through Maple and post crypto assets, such as BTC or ETH, as overcollateralized security. Lenders provide stablecoins and receive tokens that represent their position.
Now, Maple’s syrupUSDC and syrupUSDT are available through 1inch.
That gives users and builders another way to access assets across DeFi, with 1inch providing routing and swap infrastructure.
What Maple doesMaple connects lenders and institutional borrowers on-chain.
In simple terms, borrowers receive stablecoin loans. They post crypto collateral. They pay interest on those loans. Lenders provide USDC or USDT and receive a token that represents their deposit.
For USDC, the flow looks like this:
USDC → deposit into Maple → receive syrupUSDC
For USDT, it works the same way:
USDT → deposit into Maple → receive syrupUSDT
But these tokens are not the same as plain stablecoins. USDC is a dollar-pegged stablecoin, not creating any earning opportunity. By contrast, syrupUSDC represents USDC that has been deployed through Maple’s lending system. Its value can increase as, while remaining subject to the risks of the underlying lending strategy.
That is where the RWA angle comes in. These are on-chain tokens connected to institutional credit activity, not just crypto-native trading pairs.
Tokenized credit as part of DeFi infrastructureRWAs are not only tokenized stocks or funds. Tokenized credit is also becoming part of the on-chain economy.
In traditional finance, credit positions are typically difficult to transfer and integrate with other financial infrastructure. Tokenization changes that. It allows credit positions to be represented, tracked and moved as on-chain assets.
For DeFi, that matters because it expands the range of assets that can move through decentralized infrastructure.
Stablecoins become more than settlement assets. Credit positions can become tokens. And those tokens can move through the same routing, swapping and wallet infrastructure that people already use across DeFi.
This does not remove risk. Lending markets still depend on borrower quality, collateral management, liquidity, protocol design and market conditions.
But it does make tokenized credit more portable and interoperable, allowing it to participate in the broader DeFi ecosystem alongside other on-chain assets.
What 1inch supports1inch now supports Maple tokens:
syrupUSDC - on Ethereum, Arbitrum and BasesyrupUSDT - on Ethereum and BNB ChainThese tokens are available across the 1inch ecosystem.
On 1inch.com, users can access them through Swap, Trade or Terminal. In Portfolio, users can track prices, balances and bundles.
For builders and institutional teams, Maple token swaps are supported through APIs available on 1inch Business.
1inch’s role1inch does not run Maple’s lending strategy. Minting, redeeming and lending remain on Maple’s side. Maple manages the credit product and the underlying lending mechanics.
1inch’s role is different: it helps users move into and out of these tokens through swap infrastructure. That distinction matters.
If you want to lend directly through Maple, you use Maple. If you want to trade syrupUSDC or syrupUSDT through available liquidity, 1inch can help route the swap.
This makes access simpler without turning 1inch into the issuer or manager of the asset.
Why routing matters for RWA tokensRWA tokens need more than issuance. They need liquidity. A token can be well designed, but if users cannot enter or exit efficiently, the market remains hard to use. Liquidity may be spread across venues, chains and pools. Prices may differ. A direct route may not always be the best route.
That is where 1inch intent-based swaps are useful.Instead of manually checking routes, users can express the trade they want.
For Maple tokens, this helps make trading more flexible. A user can move between stablecoins and syrup tokens through 1inch, while the routing layer searches for efficient execution across available liquidity.
Why this matters for stablecoin usersMany users understand USDC and USDT. They are simple, liquid and widely used across DeFi.
Maple tokens introduce a different question: what if a stablecoin position could also represent access to institutional lending activity?
That is the difference between holding a plain dollar stablecoin and holding a tokenized credit position linked to that stablecoin.
USDC is idle unless you do something with it. syrupUSDC is designed to represent USDC deployed through Maple’s lending system. USDT works the same way with syrupUSDT.
This makes Maple tokens part of a broader shift in DeFi: stablecoins are increasingly becoming the base layer for more advanced on-chain financial products.
Explore Maple tokens on 1inch.
Disclaimer: This content is for general information purposes only and does not constitute financial, investment, tax or legal advice. Not available in the US and other restricted jurisdictions.
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.
An unnamed whale has been steadily adding to its WBTC and ETH positions this month, now sitting on over $12 million in unrealized gains.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that has accumulated over $109 million in positions since July added an additional $9.87 million worth of WBTC in the past 24 hours. The whale currently holds 49,500 ETH and 600 WBTC, with a total value of $122 million, an average cost basis of approximately $1,706 per ETH and $63,950 per WBTC, and an unrealized profit of $12.593 million.
5 minutes ago
Arcus Launches 24/7 US Stock Tokens and Perpetual Contract Markets on the Robinhood Chain
Arcus has officially launched 24/7 trading functionality and rolled out over 95 stock tokens on Robinhood Chain, offering zero-fee trades. Meanwhile, the platform also launched a beta version of its perpetual contract market via its self-custody decentralized exchange. In a statement, Arcus noted that the launch will allow eligible traders to invest in stocks of leading companies spanning sectors including artificial intelligence, semiconductors, space exploration and quantum computing, such as large-cap firms like Nvidia, Apple, Microsoft, Tesla, Meta, Alphabet and Amazon. Additionally, Arcus has launched a beta perpetual futures trading market, which currently has over 75,000 people on its waitlist. The platform supports perpetual contract products covering U.S. stocks, exchange-traded funds (ETFs), commodities and cryptocurrencies, including trading pairs linked to the SPY ETF, QQQ ETF, GLD ETF, USO ETF, Bitcoin, Ethereum, Solana and XRP. Arcus was founded by Eddie Zhang, with its development team coming from the core team behind dYdX.
5 minutes ago
SemiAnalysis: The power gap in AI data centers is widening, and reciprocating engines may become the leading technology for behind-the-meter power supply.
Independent semiconductor and AI research firm SemiAnalysis reports that the rapid growth in AI computing power demand is transforming power supply models for data centers. Reciprocating engines, historically used primarily as backup power during grid outages, are being repositioned as baseload power sources operating around the clock. This year, reciprocating engine manufacturers have signed contracts for roughly 1GW of behind-the-meter (BTM) power projects, with annual new supply volumes projected to exceed 4GW in 2027 and 2028. After modeling U.S. grid capacity, SemiAnalysis notes that existing power reserves are expected to be exhausted between 2027 and 2028, and planned additions to utility-scale power generation capacity through 2030 remain insufficient to meet the new load demand from data centers. Combining its data center model, SemiAnalysis estimates that roughly 140GW of potential data center projects have not yet finalized power supply contracts, and many of these will likely adopt behind-the-meter power models to bypass grid expansion bottlenecks. Among behind-the-meter power technologies including reciprocating engines, aeroderivative gas turbines, and fuel cells, SemiAnalysis projects reciprocating engines will capture the largest market share. The firm cites their combination of low cost, rapid deployment, modular scalability, and stronger financing capabilities as key advantages, while equipment manufacturers including Caterpillar, INNIO, and Cummins are expanding production capacity to support large-scale deployments in the coming years. As AI data centers continue to expand, on-site self-generated power is evolving from a traditional backup resource to critical energy infrastructure, and reciprocating engines are poised to become a key solution for bridging power gaps in the computing power era.
5 minutes ago
Venezuela’s largest fintech firm Cashea completes $100 million funding round.
According to Bloomberg, Venezuela’s largest fintech company Cashea has raised a total of $100 million across two financing rounds. Global investors are betting on the firm’s ability to achieve growth in a market long plagued by credit constraints. Cashea announced it closed a $60 million Series B round in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors. Earlier, Cashea completed a $40 million Series A round in March, led by Spice Expeditions. The round included $20 million in equity financing and $20 million in debt financing provided by Architect Capital.
5 minutes ago
WTI crude oil's intraday gain has widened to 3%.
Per Bitget's market data, WTI crude oil's intraday gain has widened to 3%, now trading at $85.40 per barrel. Brent crude oil climbed 2.16% to $89.4 per barrel.
5 minutes ago
Ionic Digital to list on Nasdaq on July 28 under stock ticker IOND.
Ionic Digital expects its shares to begin trading on the Nasdaq Global Select Market on July 28, after the U.S. Securities and Exchange Commission (SEC) declared its registration statement effective, clearing the final major regulatory hurdle for the company’s long-planned listing. According to a company statement, Ionic’s stock ticker will be “IOND”. The firm opted for a direct listing rather than a traditional initial public offering (IPO), meaning it will not issue new shares nor receive any proceeds from the transaction; instead, existing registered shareholders will be able to sell their holdings on the public market. Ionic was originally formed to take over Bitcoin mining assets from the Celsius estate, before pivoting to position itself as a broader digital infrastructure company serving artificial intelligence (AI) and high-performance computing (HPC) workloads. The company first submitted its Form S-1 registration statement earlier this month. Ahead of the listing, Ionic has raised roughly $400 million to support data center construction and fuel its business shift from Bitcoin mining to a wider digital infrastructure focus.
If you’ve ever used Etherscan to check a transaction, verify a contract, or build a dApp that pulls on-chain data, you’ve relied on infrastructure that most people treat like tap water: always available, always free. That assumption is starting to crack.
Etherscan has moved Gnosis Chain out of its free API tier, pushing developers who need full indexing and API functionality toward paid plans. And by August 11, 2026, the dedicated Gnosisscan platform itself faces deprecation, meaning the shift to Pro-tier access isn’t a temporary inconvenience. It’s the new default.
What changed and why it matters As of November 22, 2025, Etherscan reduced its free API tier coverage to roughly 90% of previously supported chains. The reason is straightforward: higher transaction speeds, growing TPS rates, and sheer transaction volume across networks have pushed operational costs to a point where free universal coverage is no longer sustainable.
Gnosis Chain, identified as chain ID 100, is one of the networks that fell outside that 90% cutoff. Developers and applications that previously queried Gnosis data through Etherscan’s free endpoints now need to upgrade to a paid tier for continued access.
Advertisement
Verified contract endpoints, including source code and ABI data, remain free across all chains, Gnosis included. But if your application relies on transaction history, token transfers, event logs, or any of the heavier indexing work, that’s now behind a paywall.
To soften the blow, Etherscan introduced a new Lite plan priced at approximately 25% of the cost of its previous lowest paid tier.
The Gnosisscan deprecation timeline Etherscan plans to deprecate Gnosisscan entirely on August 11, 2026. After that date, any remaining free-tier access points specific to Gnosis will redirect users toward Pro-tier subscriptions.
This creates a clear decision point for any project built on Gnosis Chain. Either budget for Etherscan’s paid plans, or migrate to an alternative indexer before the deadline arrives.
Alternatives and the competitive landscape Blockscout, an open-source blockchain explorer, has been positioning itself as an alternative for multichain indexing. It already supports a wide range of EVM-compatible networks, and the Gnosis community has historically maintained its own Blockscout instance.
What this means for developers and investors For developers, the immediate action item is auditing any application that calls Etherscan’s API for Gnosis Chain data. If your dApp, dashboard, or analytics tool relies on those endpoints, you need to either subscribe to the Lite or Pro plan, or begin integrating with an alternative indexer like Blockscout before the deprecation deadline.
The Lite plan at 25% of the prior lowest tier’s cost offers a middle ground, but teams should evaluate whether that tier includes the specific endpoints and rate limits their applications require.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Lido DAO (LDO) edges higher by over 4% on Tuesday, extending its recovery for the fourth consecutive week with around 65% so far in July. LDO futures trading volume is up over 100% in 24 hours, suggesting a rise in retail interest, but the negative funding rate implies a waning of bullish conviction. Technically, Lido DAO must clear the 200-day Exponential Moving Average (EMA) around $0.4002.
Retail interest remains elevated Lido DAO maintains firm retail interest following the launch of Nansen’s first staking product built on Lido V3 stVaults. CoinGlass data show LDO futures trading volume is up over 100% in the last 24 hours, reaching $109.15 million, reflecting increased speculative activity. At the same time, the Open Interest (OI) has increased roughly 26% to $92.20 million, reflecting an elevated notional value of active perpetual contracts.
However, the funding rate has dipped below zero to -0.0036%, from 0.0062% the previous day, indicating that sellers are paying a premium to buyers to hold short positions.
LDO derivatives data. Source: CoinGlassTechnical outlook: Will Lido DAO extend gains?Lido DAO hovers around $0.4000 at press time on Tuesday, extending 8% gains from the previous day. LDO has decisively pushed above the reclaimed resistance trendline, with the break price at $0.3543 now acting as a structural floor.
From a technical perspective, LDO tests the 200-day EMA around $0.4005, keeping the broader bias bullish. A decisive close above this moving average could target the $0.4913 horizontal resistance level, close to the $0.5000 psychological threshold.
The Moving Average Convergence Divergence (MACD) continues to rise with its signal line, hinting at persistent upside pressure. However, the Relative Strength Index (RSI) around 75 signals overbought conditions, warning of potential pullbacks ahead.
LDO/USDT daily price chart.On the downside, initial support is seen at the former downward resistance trendline, now turned support, near $0.3543. A deeper pullback would expose the 50-day EMA at $0.3127 as a more significant medium-term floor.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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.
Binance Alpha will launch its airdrop at 19:00 UTC+8 today, featuring a newly upgraded Alpha Box model. The airdrop pool consists of tokens from multiple projects. Users holding at least 256 Alpha points are eligible to claim one token reward on a first-come, first-served basis. A total of 15 Alpha points will be deducted for claiming the airdrop. Furthermore, the airdrop is structured with three reward tiers: Common (accounting for 80% of the reward pool), Rare (15%), and Ultra Rare (5%), each with a distinct Alpha Box value. During claim, the system will automatically assign users to one tier, and rewards will be distributed proportionally based on the tier. Should any rewards remain unclaimed, the point threshold will automatically drop by 5 points every 5 minutes.
Relevant content
Ionic Digital to list on Nasdaq on July 28 under stock ticker IOND.
Ionic Digital expects its shares to begin trading on the Nasdaq Global Select Market on July 28, after the U.S. Securities and Exchange Commission (SEC) declared its registration statement effective, clearing the final major regulatory hurdle for the company’s long-planned listing. According to a company statement, Ionic’s stock ticker will be “IOND”. The firm opted for a direct listing rather than a traditional initial public offering (IPO), meaning it will not issue new shares nor receive any proceeds from the transaction; instead, existing registered shareholders will be able to sell their holdings on the public market. Ionic was originally formed to take over Bitcoin mining assets from the Celsius estate, before pivoting to position itself as a broader digital infrastructure company serving artificial intelligence (AI) and high-performance computing (HPC) workloads. The company first submitted its Form S-1 registration statement earlier this month. Ahead of the listing, Ionic has raised roughly $400 million to support data center construction and fuel its business shift from Bitcoin mining to a wider digital infrastructure focus.
7 minutes ago
US stocks open, with all three major indices rising across the board.
According to market data from BIT (bit.com), at the opening of US stock markets, the Dow Jones Industrial Average rose 0.29%, the S&P 500 increased 0.6%, and the Nasdaq gained 1.04%. US storage sector stocks rose broadly: SanDisk (SNDK.O) and Western Digital (WDC.O) climbed around 9%, while SK Hynix (SKHY.O), Micron Technology (MU.O), and Seagate Technology (STX.O) gained approximately 7%.
7 minutes ago
The Philadelphia Semiconductor Index opened 4.8% higher.
According to market data from BIT (bit.com), the Philadelphia Semiconductor Index opened up 4.8%.
7 minutes ago
Grayscale appoints Sebastian Pulido as Head of On-Chain Asset Management.
According to official announcements, Grayscale has appointed Sebastian Pulido as Head of On-Chain Asset Management, where he will lead the firm’s on-chain product strategy. Sebastian previously held roles at Aave Labs, Goldman Sachs, and JPMorgan’s Kinexys team, bringing extensive experience in institutional finance and digital assets.
Blockchain infrastructure developer Jito Labs has announced the launch of JTX, a Solana-based self-custody trading platform designed exclusively for professional traders. JTX initially offers spot trading, supporting a variety of Solana ecosystem assets including cbBTC, SOL, HYPE, and meme coins, alongside trading for tokenized real-world assets (RWAs) such as stocks and ETFs. The platform also integrates professional trading features tailored for on-chain markets.
7 minutes ago
WTI crude oil rises above $85 per barrel, up 2.52% on the day.
According to Bitget's market data, WTI crude oil has climbed above $85 per barrel, with an intraday gain of 2.52%.
Terra Luna Classic ($LUNC) has returned to positive territory for the first time in over a week, posting a gain of nearly 4% in the past 24 hours, according to data from CoinGecko. The move, while modest, has been enough to lift sentiment among holders who watched the asset shed more than 30% at its lowest point last week.
The recovery is partial at best. $LUNC remains down approximately 15% over the past 30 days, reflecting a broader period of weakness that followed a sharp rally earlier in the year.
A Tough Month Despite the BounceThe 30-day picture puts the latest gain in context. Terra Classic's price declined nearly 20% over the past month, reversing a 150% surge from April to early May 2026 that had been driven by a strong Binance burn event. The sell-off that followed erased much of those gains, pushing $LUNC back toward multi-week lows before this week's tentative recovery.
Trading volume for Terra Luna Classic reached $7.73 million in the last 24 hours, representing a 1.30% increase from the prior day, signalling a recent rise in market activity. Whether that volume is sustained will be a key test of whether the recovery has legs.
Burn Program Continues in the BackgroundOne factor the community continues to monitor closely is Binance's monthly token burn program. Binance burned 604,278,995 $LUNC tokens on July 1, 2026, as part of its monthly buyback-and-burn program. That brought Binance's cumulative direct burns to approximately 87.37 billion $LUNC, with the exchange accounting for roughly 19.5% of all burned tokens tracked by LUNC Metrics.
The total supply remains at 6.46 trillion, with 5.52 trillion in circulation, meaning the daily burn rate, while consistent, is a marginal fraction of the overall supply. Analysts note that significant price appreciation would require a dramatic and sustained increase in burn volume beyond the current pace.
For now, the $LUNC community is taking the short-term green candle as a sign of life after a bruising stretch. Whether this marks the beginning of a sustained recovery or simply a brief relief rally remains to be seen.
Sources
CoinGecko: Terra Luna Classic (LUNC) Live Price
CoinReporter: Binance Executes July 1, 2026 LUNC Burn
DailyCoin: Binance Nears 90B LUNC Torched Following Mega Burn
Pundi X Labs, a renowned blockchain technology entity, has partnered with X-Agent, a popular AI Agent operating system (OS). The partnership aims to fortify the link between the decentralized Web3 framework and AI. This synergy is set to provide contributors, who offer precious data to the network, with unique earning opportunities.
We are excited to announce our partnership with @XAgent_official 🤖🤝
X-Agent lets anyone build custom AI agents with pure natural language with zero code and fully secure runtime.
Through this partnership, X-Agent's agents can tap into our decentralized data layer, sourcing… pic.twitter.com/LeIHgZE5jo
— Pundi X Labs (@PundiXLabs) July 20, 2026 Additionally, the no-code platform of X-Agent permits consumers to develop AI agents with the use of natural language, increasing the accessibility of AI development among the wider audience. Pundi X has revealed this trailblazing collaboration through its official social media platform, X account.
Pundi X and X-Agent to Broaden AI Capabilities Through Tokenized Data The partnership merges the AI agent development platform of X-Agent with the decentralized data network of Pundi X Labs. The integration of these two technologies allows the X-Agent-based AI agents to efficiently retrieve tokenized and dependable datasets for real-time execution and model training.
The respective approach is anticipated to enhance the AI output quality while guaranteeing the verifiability and transparency of the used data. Keeping this in view, both entities attempt to advance the adoption of decentralized, and community-led AI solutions. One of the notable highlights of this joint effort takes into account the attention given to accessibility.
Through this joint venture, X-Agent lets clients create modified AI agents while requiring no programming skills, depending rather on streamlined prompts in natural language. This minimizes the entry barriers posed to developers, individuals, and businesses interested in the deployment of AI-led applications. According to Pundi X Labs, X-Agent works within a secure runtime setting, assisting in securing AI agent execution.
In the case of Pundi X, the move broadens the use cases of the platform’s decentralized data layer with the provision of a unique utility focused on AI. Contributors supplying crucial datasets will get another avenue for the monetization of their data, while AI agents are increasingly depending on dependable information for complicated tasks. Ultimately, the development could be effective in backing the next phase of intuitive application, where community engagement and data sharing are primary to long-term network growth.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Pendle’s Boros platform just rolled out a funding rate market for the SK Hynix perpetual contract on Hyperliquid, and the timing is anything but accidental. With SK Hynix ADRs trading at a premium exceeding 20% over their Korean-listed shares, and a conversion window set to reopen on July 29, traders are scrambling to position for what could be a rapid price convergence.
The new market lets traders fix, hedge, or speculate on the funding rates attached to the SKHYNIX perp, a contract that has averaged annualized funding rates of roughly 64% since listing. In English: holding a long position on this perp has been absurdly expensive, and now there’s finally a tool to manage that cost.
The arbitrage play driving the launch Here’s the setup. SK Hynix, the South Korean memory chip giant, raised approximately $26.5 billion through a US ADR offering priced at $149. The offering was massively oversubscribed, which created a supply squeeze on the American-listed shares.
That squeeze pushed ADR prices well above the equivalent Korean share price, creating a premium of more than 20%. The classic trade is straightforward: buy the cheaper Korean shares, short the expensive ADRs, and wait for the prices to converge.
Advertisement
The catch is that the ADR-to-share conversion mechanism, which would naturally close this gap, has been temporarily locked. That window reopens on July 29. Once it does, traders expect the premium to compress as new ADR supply enters the market through conversions.
But there’s a wrinkle. Traders using Hyperliquid’s SKHYNIX perp to express this view face wildly unpredictable funding costs. On a single day, funding rates have oscillated between -452% and +276% annualized. That kind of volatility can obliterate a carefully constructed arbitrage position before the thesis even has time to play out.
How Boros works and why it matters Boros, built by the Pendle team on Arbitrum, creates markets specifically for perpetual contract funding rates. Traders can use tokenized yield units to effectively convert their variable funding rate exposure into a fixed rate, or vice versa.
For the SKHYNIX market specifically, early implied APRs on the Boros platform ranged between 18.99% and 40%. Initial trading volumes were modest, roughly $30,000 to $42,000.
The practical application looks something like this. A trader running the Korea-to-ADR arbitrage might be long Korean shares through a traditional broker and short the SKHYNIX perp on Hyperliquid. That short position earns or pays funding depending on the rate. By using Boros to lock in a fixed funding rate, the trader can calculate their exact cost of carry and determine whether the arb is profitable before entering.
Without Boros, that same trader is flying blind on funding costs. With average rates around 64% annualized, the margin for error is razor thin.
There’s also a pure yield play available. Traders can go long the funding rate on Boros if they believe rates will stay elevated, effectively creating a synthetic fixed-yield position.
The bigger picture: crypto rails for equity trades Perpetual funding rates have historically been one of the few truly unhedgeable costs in crypto trading. Boros changes that equation by allowing fixed-rate trade outcomes through tokenized yield units. The fact that its first major use case involves a traditional equity — a Korean semiconductor stock trading as a US ADR — reflects the growing intersection of on-chain infrastructure with traditional equity strategies.
For the SK Hynix trade specifically, the July 29 conversion date is the key catalyst. If the ADR premium compresses as expected, traders who locked in favorable funding rates through Boros will have a cleaner, more predictable return profile than those paying variable rates on a perp that swings hundreds of percentage points intraday.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether Gold (XAU₮) has secured formal recognition as an Accepted Spot Commodity within Abu Dhabi Global Market (ADGM), marking a significant development for regulated digital asset offerings in the United Arab Emirates.
Tether Gold gains regulated status in Abu DhabiADGM’s approval enables licensed companies to offer products and services involving Tether Gold, a blockchain-based token representing physical gold. The announcement was released by Tether, a major issuer of popular stablecoins including USD₮ (commonly known as USDT), through its official website and X account on July 20.
Tether stated that it engaged in ongoing discussions with ADGM, focusing on compliance, transparency, and operational resilience, before the authority formally granted XAU₮ its accepted commodity status.
Tether revealed that the new recognition “demonstrates the growing confidence of regulators in the compliance standards, transparency and resilience of tokenized assets offered in the UAE.”
Firms wishing to provide Tether Gold-related services must obtain the necessary regulatory approvals within ADGM, which serves as an international financial center in Abu Dhabi dedicated to fostering innovation in banking and digital assets.
Tether Gold (XAU₮) offers blockchain-based proof of ownership for physical gold stored as London Good Delivery bars, with each token representing one troy ounce. This structure bridges physical and digital finance, allowing investors to access gold holdings through blockchain networks.
Mini dictionary: Abu Dhabi Global Market (ADGM), a prominent international financial center in the UAE, is known for its progressive regulation supporting fintech and digital asset markets.
ADGM expands digital asset frameworkADGM, which previously recognized Tether’s USD₮ as an Accepted Fiat Referenced Token, continues to broaden its regulated product offerings by incorporating Tether Gold. The authority emphasized that these decisions align with its objective to create a trusted environment for digital and tokenized real-world assets.
The updated regulatory framework is designed to encourage licensed institutions to introduce new financial products while maintaining clear compliance standards. Tether highlighted that the ADGM’s approach deepens its support for real-world asset tokenization and digital adoption in the financial sector.
Industry data cited by Tether indicates that the distributed value of tokenized real-world assets surpassed $31 billion, a substantial increase from $6.6 billion recorded a year earlier. This surge points to growing institutional demand for blockchain-based versions of traditional investment products.
Asset TypeDistributed Asset Value, 2025Distributed Asset Value, 2024Tokenized real-world assets$31 billion$6.6 billionTether expects the latest approval will make it easier for regulated institutions in Abu Dhabi to access and offer tokenized gold to their clients.
The ADGM stated that expanding support for products like XAU₮ “advances its goal of fostering digital innovation under robust regulatory oversight.”
Tether strengthens UAE footholdThis recognition strengthens Tether’s growing presence in the UAE, a country that has prioritized digital asset adoption through regulated market development. The company confirmed that it values ongoing collaboration with regional regulators, licensed firms, and partners to expand its regulated product suite.
Unlike traditional forms of gold ownership, Tether Gold allows users to digitally transfer asset ownership across blockchain networks. Each token is physically backed by gold with its own serial number, purity, and weight, while holders may redeem tokens for physical gold in accordance with Tether’s operational policies.
Through the ADGM framework, licensed institutions gain another tool for offering regulated digital products tied to traditional commodities, furthering the UAE’s standing as an emerging hub for digital finance and real-world asset tokenization.
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.
Changxin Technology: Online investors abandon subscription of 6.5862 million shares
Changxin Technology announced that the issuance results of its initial public offering (IPO) of shares and listing on the Sci-Tech Innovation Board (STAR Market) have been released. The offering price is set at RMB 8.66 per share, with an initial issuance of 6.688 billion shares, accounting for approximately 10% of the company’s total share capital after the offering. The final strategic placement volume is 1.667 billion shares, and the final online issuance subscription rate is approximately 0.47141739%. Online investors subscribed for 3.845 billion shares, with 6.5862 million shares waived; offline investors subscribed for 2.173 billion shares, with 31,567 shares waived. The joint lead underwriters underwrote 6.6178 million shares, with an underwriting amount of RMB 57.3101 million. Prior to the exercise of the over-allotment option, the issuance expenses amounted to RMB 281 million.
12 minutes ago
21 Capital Appoints Raphael Zagury as New CEO
According to official sources, Tether International, S.A. de C.V. — the controlling shareholder of Twenty One Capital — announced today that its board has appointed Raphael Zagury as the new CEO of Twenty One Capital. Current Twenty One Capital CEO Jack Mallers will step down to focus fully on the development of Strike. To ensure a smooth management transition and business continuity, both parties are collaborating on an orderly handover of responsibilities.
12 minutes ago
Crypto whale sets 10 major profit targets for the current cycle, targeting $300 million in gains, with $60 million in profits already realized.
Contract whale "Set 10 Big Goals First" posted that in his last trading round, he used 150 BTC to open a position targeting $150 million. He once realized a maximum profit of $120 million, but misjudged the direction when BTC dropped from $120,000, wiping out all his gains and only retaining his principal plus a small profit. For this round, he used 300 BTC to open a position targeting $300 million, and has now realized a profit of $60 million. "Set 10 Big Goals First" added that he has continuously established trading rules and formed good habits. He strictly learned risk control discipline from the lesson of last round's full profit wipeout: one can miss opportunities or make wrong judgments, but must refuse any risk of being liquidated in a single wave. This morning, he shared his trade details: he went long Bitcoin with 4x leverage, with an average entry price of $63,827.06. His current long position is approximately 2,358.05 BTC, worth $150 million. With BTC breaking through $66,000, his unrealized profit may expand to $5.15 million.
12 minutes ago
Binance: Alpha Mystery Box Airdrop Now Open for Claims, Points Threshold Set at 256 Points
According to official announcements, Binance Alpha’s blind box airdrop is now live. The airdrop pool includes tokens from two projects: edgeX (EDGE) and DAOBase (BEE). Users holding at least 256 Binance Alpha points can claim one token airdrop on the Alpha event page. After claiming, users will be assigned to different reward tiers and receive one of the following: 69, 86, or 244 EDGE tokens; or 584, 729, or 2083 BEE tokens. Rewards are distributed on a first-come, first-served basis. If all rewards are not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop consumes 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the airdrop will be deemed forfeited.
12 minutes ago
Samsung's hybrid bonding technology is expected to be used in NVIDIA's next-generation AI accelerator Feynman, with the chip featuring custom HBM.
Samsung Electronics has begun constructing a Die-to-Wafer (D2W) hybrid bonding production line at its Pyeongtaek P5 plant, targeting advanced packaging for next-generation HBM and logic semiconductors. Dutch firm Besi is the preferred core equipment supplier, with Samsung planning to procure around 50 hybrid bonding machines—each priced at approximately 6 billion won (about $4.3 million), twice the cost of competing products. However, negotiations have moved slowly due to Samsung’s demand for custom modifications to the equipment architecture, and Besi, which also supplies TSMC and Micron, is cautious about modifying machines exclusively for Samsung. Samsung is also considering local alternatives: its subsidiary SEMES has completed development of D2W hybrid bonding machines and delivered samples for validation earlier this year; Hanwha Semitech finished developing its second-generation "SHB2 Nano" in February, and sent samples to SK Hynix in April. Its cluster system integrating EFEM, plasma activation, and cleaning modules gives it a differentiated competitive edge. This technology uses hybrid copper bonding to replace traditional thermocompression bonding, enabling direct bonding of copper and dielectric materials and drastically shortening interconnect lengths. Its core application is custom HBM: vertically stacking HBM DRAM layers directly on logic dies that include customers’ computing circuits and IP to form 3D system-in-package (SiP). Citrini analyst Jukan noted that hybrid bonding is expected to be used in NVIDIA’s next-generation AI accelerator Feynman, which will adopt custom HBM, and the technology’s rollout timeline "has been pushed back from HBM4E". Samsung’s internal projections indicate large-scale application will not be realized until around 2029-2030, a timeline that aligns with NVIDIA’s expected window for Feynman.
12 minutes ago
Robinhood Chain has surpassed $430 million in Total Value Locked (TVL) and reached over 250,000 daily active users in less than three weeks following its launch.
Since its launch less than three weeks ago, Robinhood Chain has attracted $431 million in total value locked (TVL) and more than 250,000 daily active users. To date, meme token trading has accounted for over 80% of its $9 billion in decentralized exchange (DEX) volume. However, FalconX stated that tokenized real-world assets (RWAs) could be a key driver of Robinhood Chain’s future activity.
A hacker manipulated the swap mechanics of a liquidity pool on the cross-chain stablecoin bridge Allbridge Core, looting $1.66 million worth of digital assets over the weekend.
In a post-mortem of the incident, Allbridge notes the hacker used a flash loan and exploited the swap logic of its Solana (SOL) liquidity pools.
The attacker borrowed approximately $1.12 million worth of the dollar-pegged stablecoin USDC from a lending protocol, then swapped that USDC into rival stablecoin USDT.
The hacker then conducted a series of five “same-asset swaps,” exchanging 100,000 USDT for progressively less of the same stablecoin.
Allbridge notes the swap path treated an input and output of the same token like any other pair.
“Because both sides of a same-asset swap reference the same pool, the accounting of the two halves diverged, and each iteration pushed the pool’s internal pricing further out of line with reality.”
After heavily skewing the price of Tether’s stablecoin in the liquidity pool, the hacker managed to swap only 4,000 USDT for 2.24 million USDC. The attacker then repaid the flash loan and kept the surplus 1,118,239 USDC and 538,692 USDT, totalling roughly $1.66 million worth of stolen crypto.
Allbridge notes the liquidity pool’s imbalance safeguard was “configured permissively,” enabling mispricing to balloon to profitable levels before it triggered.
The stablecoin bridge has since resumed routes that do not rely on liquidity pools but announced it plans to stop conducting pool-based swaps. The project also says it has traced $1.63 million of the stolen funds, which were bridged from Solana to a single Ethereum (ETH) consolidation address and then moved in several different directions.
Allbridge also notes that no user wallets, private keys or non-pool bridge routes were impacted by the exploit.
Key Highlights Second quarter revenue reached $14.41 billion, marking a 3% increase in US dollar terms driven by volume expansion Core operating profit surged to $5.94 billion, significantly exceeding Wall Street’s consensus forecast of $5.31 billion Blockbuster drug Kisqali delivered impressive 44% growth to $1.7 billion while Scemblix sales nearly doubled to $562 million Entresto revenue plunged 50% to $1.18 billion as generic alternatives flooded the American market Company maintains 2026 financial outlook as shares climbed approximately 2% during morning trading Swiss pharmaceutical giant Novartis delivered second quarter revenue of $14.41 billion on Tuesday, representing a 3% year-over-year increase in US currency, as its emerging product lineup compensated for a substantial drop in cardiac medication Entresto.
Shares climbed roughly 2% during early market hours after the earnings release, pushing the company’s valuation to approximately $310 billion following a 14% year-to-date appreciation.
Novartis AG, NVS
The Basel-based drugmaker’s core operating profit—the primary non-IFRS metric tracked by Wall Street—reached $5.94 billion. This figure substantially surpassed the $5.31 billion consensus projection compiled by Visible Alpha.
According to Barclays research team, the profit outperformance stemmed primarily from disciplined expense management. Core selling, general and administrative costs declined 6% to $3.24 billion during the three-month period.
Bottom-line net income decreased 19% to $3.26 billion, pressured by elevated tax obligations and interest payments. Per-share earnings contracted 17% to $1.71.
The company’s breast cancer treatment Kisqali expanded 44% to $1.7 billion. Meanwhile, Scemblix experienced 89% growth to reach $562 million. Additional strong performers included Kesimpta with 32% growth to $1.42 billion, Pluvicto advancing 43% to $651 million, and Leqvio increasing 59% to $480 million.
These positive developments were partially counterbalanced by Entresto’s steep 50% decline to $1.18 billion as generic competition gained significant traction across United States markets. Street consensus had anticipated $1.23 billion. Tasigna similarly contracted 58% to $142 million.
Full-Year Outlook Maintained Novartis confirmed its complete 2026 financial projections without modification. Management anticipates revenue expansion in the low single-digit percentage range and core operating income contraction by a low single-digit percentage when measured at constant currency rates.
Chief Executive Vas Narasimhan characterized the quarterly performance as demonstrating “solid” sales growth momentum and affirmed the organization remains “on track to deliver our full-year guidance and mid-term outlook.”
Operating free cash flow contracted 12% to $5.56 billion. Total net debt expanded to $39.4 billion as of June 30, climbing from $21.9 billion at 2025 year-end. The increase reflected $15.3 billion deployed toward acquisitions and intangible assets, $9.1 billion distributed as dividends, and $3.1 billion allocated to share repurchases.
Development Pipeline Under Scrutiny Market participants are closely monitoring three investigational compounds—pelacarsen, remibrutinib, and del-desiran. Industry analysts project this trio could collectively deliver up to $10 billion in maximum annual revenue.
This developmental portfolio carries strategic importance as Cosentyx and Kisqali, currently among Novartis’ primary revenue generators, face patent cliff risks after 2030.
Cosentyx recorded 12% quarterly growth to $1.82 billion, partially supported by an approximately $100 million non-recurring benefit within United States markets.
During July, Novartis announced a definitive agreement to acquire Myricx Bio, a biotechnology company specializing in antibody-drug conjugate platforms, with transaction completion anticipated during the latter half of 2026.
Crypto asset manager Grayscale on Monday filed an S-1 registration statement for the first US Worldcoin ETF, which would give investors a way to gain exposure to the WLD token through an exchange-traded product.
According to the preliminary prospectus, the Grayscale Worldcoin ETF is intended to list on the Nasdaq under the symbol GWLD.
BitGo Bank & Trust would custody the Worldcoin (WLD), while BNY Mellon would serve as administrator and transfer agent. CSC Delaware Trust Company would serve as a trustee.
The filing does not yet disclose details on management fees, seed investment, authorized participants or liquidity providers.
WLD is an ERC-20 token built on the Ethereum blockchain that serves as the native token of World, a project that uses biometric verification to distinguish humans from bots, which was founded by OpenAI CEO Sam Altman.
The proposed Worldcoin ETF adds to 17 crypto-related exchange-traded products offered by Grayscale, including those tracking Bitcoin (BTC), XRP (XRP), Solana (SOL), Ether (ETH), Dogecoin (DOGE) and Chainlink (LINK).
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Grayscale has filed an S-1 registration statement with the US Securities and Exchange Commission to launch what would be the first spot exchange-traded fund tied to Worldcoin's $WLD token in the United States.
What the Filing Proposes According to the preliminary prospectus, the Grayscale Worldcoin ETF would list on Nasdaq under the ticker GWLD. The fund is structured as a passive vehicle, meaning it would hold WLD directly and seek to reflect the token's market value, less fees and other expenses, using the CoinDesk Worldcoin Benchmark Rate as its pricing reference.
BitGo Bank and Trust would act as custodian, while The Bank of New York Mellon would serve as transfer agent, according to the filing. Several key terms, including the management fee, seed investment, and authorized participants, have been left blank and are expected to be filled in through later amendments.
Grayscale formed the trust on July 10 and filed just ten days later. The filing does not guarantee SEC approval or a confirmed listing date.
Context: Worldcoin and Grayscale's Broader Push Worldcoin, now rebranded as World Network, is a digital identity project co-founded by OpenAI CEO Sam Altman. The project uses iris-scanning Orb devices to verify unique human identities, and its layer-2 network World Chain sits on top of Ethereum.
The filing extends a broader product strategy for Grayscale. Its Bitcoin Trust converted to a spot ETF in January 2024 after the firm prevailed against the SEC in court, with Solana and Dogecoin funds following in late 2025. The proposed Worldcoin ETF would add to the 17 crypto-related exchange-traded products Grayscale already offers.
The prospectus also flags notable risks, including World Chain's centralized sequencer, WLD's price volatility, and the possibility that regulators could classify the token or related transactions as securities. The filing further notes biometric-related regulatory pushback in several jurisdictions.
$WLD rose roughly 4.5% on the news, though the token remains approximately 97% below its all-time high of $11.80, reached in March 2024.
Sources:
The Block: Grayscale could take Worldcoin to Wall Street after ETF filing with the SEC
CoinTelegraph: Grayscale Files S-1 for First US Worldcoin ETF
Crypto Briefing: Grayscale expands crypto ETF push with Worldcoin filing
Key Highlights Grayscale submitted an S-1 registration with the SEC seeking approval for a spot Worldcoin ETF The proposed ETF would trade on Nasdaq with the ticker symbol GWLD BitGo Bank & Trust has been designated as the custodian for WLD holdings WLD token surged more than 4% following the announcement, reaching approximately $0.376 Despite today’s rally, WLD has declined more than 10% over the past seven days In a significant development for the cryptocurrency sector, Grayscale has submitted an S-1 registration statement to the Securities and Exchange Commission for a spot Worldcoin ETF, potentially marking the first such product in the United States. The proposed exchange-traded fund would be listed on the Nasdaq exchange under the ticker GWLD.
Worldcoin (WLD) Price The registration was submitted this Monday, expanding Grayscale’s portfolio of cryptocurrency investment products to 18 offerings. The company’s current lineup encompasses exchange-traded products focused on major digital assets including Bitcoin, Ether, Solana, XRP, Dogecoin, and Chainlink.
According to the filing, BitGo Bank & Trust will function as the custodian responsible for safeguarding the WLD tokens within the fund. Additional key service providers include BNY Mellon, which will handle administration and transfer agent duties, and CSC Delaware Trust Company, serving in the trustee capacity.
🚨GRAYSCALE FILES S-1 FOR WORLDCOIN ETF: FIRST OF ITS KIND IN THE U.S.
Grayscale has submitted an S-1 registration statement to the SEC for a spot $WLD ETF.
This would be the first dedicated Worldcoin ETF in the United States if approved. pic.twitter.com/BE9dVKAdNY
— Crypto Banter (@crypto_banter) July 20, 2026
The S-1 registration currently lacks specific information regarding management fee structure, initial seed capital, authorized participants, or designated liquidity providers. However, Grayscale has indicated its intention to enable in-kind creation and redemption mechanisms for the ETF.
Understanding Worldcoin Worldcoin’s native token, WLD, operates as an ERC-20 token on the Ethereum blockchain network. It powers the World ecosystem, an innovative project utilizing biometric authentication technology to distinguish real human users from automated bots.
The World project was co-founded by Sam Altman, who currently serves as CEO of OpenAI. This association with the artificial intelligence sector has generated considerable investor interest in the token throughout recent months.
The ETF’s launch timeline depends on WLD meeting eligibility criteria outlined in Nasdaq’s generic listing standards. This regulatory pathway enables cryptocurrency ETFs to commence trading more expeditiously compared to traditional approval procedures.
Market Response to ETF Filing Following the filing announcement, the WLD price experienced a notable uptick of more than 4% throughout the trading session. Market data from TradingView showed the token exchanging hands at approximately $0.376 at the time of this report.
However, the single-day price increase hasn’t reversed the token’s recent bearish trend. WLD remains down more than 10% across the past week, having declined since reports surfaced suggesting OpenAI may postpone any potential public offering plans for this year.
The WLD price movement coincided with positive sentiment across the broader cryptocurrency market. Bitcoin broke through the $65,000 threshold during the same trading day, marking its first time above that level in several weeks.
This Worldcoin ETF filing arrives just days after T. Rowe Price introduced the first actively managed cryptocurrency ETF, which provides exposure to various digital assets including Bitcoin and Ethereum.
Grayscale has also recently entered the Hyperliquid ETF market, positioning GWLD as yet another strategic expansion within its growing cryptocurrency ETF portfolio.
At the moment the S-1 filing was submitted, WLD was valued at roughly $0.376, reflecting a 4% increase for the trading day.
World (CRYPTO: WLD) network token jumped on Monday after Grayscale Investments filed to launch the first spot exchange-traded product in the U.S. tracking the cryptocurrency’s price.
New Crypto Entrant on Wall StreetGrayscale submitted an S-1 filing to the SEC to list shares of the Grayscale Worldcoin ETF on the Nasdaq stock exchange under the ticker “GWLD.”
The fund aims to offer exposure to WLD, the native currency of the World Network, currently valued at $1.36 billion.
World Ecosystem Assets RallyThe ETF filing sent WLD soaring nearly 8%, with trading volume jumping 11.80% to $180 million over the last 24 hours.
Similarly, shares of Eightco Holdings Inc. (NASDAQ:ORBS), the world’s largest corporate holder of WLD, were up 7.05% in pre-market trading.
World is an identity verification project that captures people’s irises to confirm their humanness and build a digital ID, allowing them to receive free WLD tokens. Tools For Humanity, a tech company co-founded by OpenAI CEO Sam Altman, is the primary developer of the project.
Price Action: At the time of writing, WLD was exchanging hands at $0.3840, up 7.90% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, it has collapsed 26%.
Photo courtesy: jamesonwu1972 / Shutterstock.com
Market News and Data brought to you by Benzinga APIs
As the exchange-traded funds (ETFs) have rebounded from the eight-week-long outflow streak, Grayscale has taken the opportunity to strengthen its foothold in altcoin ETFs.
In its S‑1 filing on the 20th of July 2026, the asset manager proposed launching a Worldcoin [WLD] ETF with the U.S. Securities and Exchange Commission (SEC).
The Trust, established as a Delaware statutory trust on the 10th of July 2026, is designed solely to hold WLD tokens. However, it also gives investors exposure to WLD’s price without requiring them to purchase or manage the cryptocurrency directly.
Source: Sec.gov More details of the Worldcoin ETF filing That said, Grayscale intends to list the fund on the Nasdaq with the ticker “GWLD.” This would allow the launch to happen more quickly, as per the generic listing standards.
Additionally, the filing also emphasizes that this is not a regulated commodity pool or registered investment company. Simply put, investors do not have the same protections as with conventional mutual funds or CFTC-regulated products.
In a corporate sense, the Sponsor (Grayscale Investments Sponsors, LLC) is part of a chain of Grayscale entities that are all ultimately owned by Digital Currency Group (DCG). In fact, the actual WLD and its private keys will be held by BitGo Bank & Trust. Meanwhile, CSC Delaware Trust Company will serve as trustee, and BNY Mellon as transfer agent and administrator.
Impact on WLD and Grayscale’s overall performance map This came at a time when Worldcoin‘s price was trading at $0.3858 at press time, up 7.97% over the previous day.
While Grayscale moves ahead with the WLD ETF, its other ETFs see mixed performance. For instance, on the 20th of July, Grayscale’s BTC saw $41.4 million in inflows, and its GBTC saw $45.4 million in outflows. In contrast, Grayscale’s other altcoin ETFs recorded no flows.
Amidst this, AMBCrypto also observed an intriguing trend. They pointed out that spot Bitcoin [BTC] ETF inflows have been positive since the 14th of July, but the capital infusion has not been sufficient to significantly raise prices.
Final Summary Grayscale has filed an S-1 filing for its Worldcoin ETF and intends to list the fund under the ticker “GWLD.” The price of WLD surged by almost 8% in the past 24 hours.
In brief Grayscale has filed with the SEC to launch the first U.S. ETF tied to Worldcoin, the biometric crypto project co-founded by OpenAI's Sam Altman. The Grayscale Worldcoin ETF would hold WLD and trade on Nasdaq under the ticker GWLD, with BitGo as custodian and BNY Mellon as transfer agent. WLD rose around 8% on the news, though it remains down about 5.5% on the week. Worldcoin's WLD token jumped after asset manager Grayscale filed to launch the first US exchange-traded fund tied to the biometric crypto project, moving to bring Sam Altman's eye-scanning venture a step closer to Wall Street.
WLD climbed about 8% over 24 hours following the filing to an intraday high of $0.387, trimming a rough week that still left it down around 5.5% over the past seven days, per CoinGecko data.
On Monday, Grayscale filed an S-1 registration statement for the Grayscale Worldcoin ETF, a "passive" vehicle that would hold WLD—the native token of the World Network—and track its price through the CoinDesk Worldcoin Benchmark Rate, according to the filing.
If approved, the fund would list on Nasdaq under the ticker GWLD using the exchange's generic listing standards for commodity-based trusts—meaning it could launch without a separate SEC rule change once WLD meets Nasdaq's eligibility criteria. BitGo Bank & Trust would custody the tokens, while the Bank of New York Mellon would serve as transfer agent and administrator, the filing shows. WLD is the 55th-largest cryptocurrency, with a market capitalization of around $1.4 billion, according to CoinGecko.
Sam Altman's eye-scanning projectWorldcoin—rebranded simply "World" in 2024—was co-founded by OpenAI CEO Sam Altman to build a global "proof of personhood" system. It uses a spherical device called the Orb to scan people's irises, issuing a unique "World ID" meant to prove someone is a real human rather than an AI bot, and hands WLD tokens to verified users. The project has drawn regulatory scrutiny over its biometric data collection in the EU and in countries including Brazil and Kenya.
The ETF filing is the latest sign of institutional appetite for the token. Last year, Nasdaq-listed Eightco built the first corporate treasury around WLD, amassing one of the largest disclosed stakes in the cryptocurrency.
Grayscale's ETF expansionThe filing continues Grayscale's drive to broaden its crypto ETF lineup. The firm converted its flagship Bitcoin trust into an ETF after a landmark court win over the SEC, later launched an Ethereum fund, and has filed for or rolled out products tied to Dogecoin, Solana, XRP, Litecoin and Chainlink, among others.
For now, the filing is only a first step: the fund can't trade until the registration takes effect and WLD clears Nasdaq's listing bar. But if it does, it would give everyday investors their first way to hold Worldcoin through a U.S. brokerage account.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Grayscale has filed with the SEC to launch the first U.S. ETF tied to Worldcoin, the biometric crypto project co-founded by OpenAI's Sam Altman. The Grayscale Worldcoin ETF would hold WLD and trade on Nasdaq under the ticker GWLD, with BitGo as custodian and BNY Mellon as transfer agent. WLD rose around 8% on the news, though it remains down about 5.5% on the week. Worldcoin's WLD token jumped after asset manager Grayscale filed to launch the first US exchange-traded fund tied to the biometric crypto project, moving to bring Sam Altman's eye-scanning venture a step closer to Wall Street.
WLD climbed about 8% over 24 hours following the filing to an intraday high of $0.387, trimming a rough week that still left it down around 5.5% over the past seven days, per CoinGecko data.
On Monday, Grayscale filed an S-1 registration statement for the Grayscale Worldcoin ETF, a "passive" vehicle that would hold WLD—the native token of the World Network—and track its price through the CoinDesk Worldcoin Benchmark Rate, according to the filing.
If approved, the fund would list on Nasdaq under the ticker GWLD using the exchange's generic listing standards for commodity-based trusts—meaning it could launch without a separate SEC rule change once WLD meets Nasdaq's eligibility criteria. BitGo Bank & Trust would custody the tokens, while the Bank of New York Mellon would serve as transfer agent and administrator, the filing shows. WLD is the 55th-largest cryptocurrency, with a market capitalization of around $1.4 billion, according to CoinGecko.
Sam Altman's eye-scanning projectWorldcoin—rebranded simply "World" in 2024—was co-founded by OpenAI CEO Sam Altman to build a global "proof of personhood" system. It uses a spherical device called the Orb to scan people's irises, issuing a unique "World ID" meant to prove someone is a real human rather than an AI bot, and hands WLD tokens to verified users. The project has drawn regulatory scrutiny over its biometric data collection in the EU and in countries including Brazil and Kenya.
The ETF filing is the latest sign of institutional appetite for the token. Last year, Nasdaq-listed Eightco built the first corporate treasury around WLD, amassing one of the largest disclosed stakes in the cryptocurrency.
Grayscale's ETF expansionThe filing continues Grayscale's drive to broaden its crypto ETF lineup. The firm converted its flagship Bitcoin trust into an ETF after a landmark court win over the SEC, later launched an Ethereum fund, and has filed for or rolled out products tied to Dogecoin, Solana, XRP, Litecoin and Chainlink, among others.
For now, the filing is only a first step: the fund can't trade until the registration takes effect and WLD clears Nasdaq's listing bar. But if it does, it would give everyday investors their first way to hold Worldcoin through a U.S. brokerage account.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In the US, spot ETFs have been launched for many altcoins, following Bitcoin and Ethereum.
These altcoins include XRP, Solana, and HYPE, while an ETF application has also been filed for a very surprising altcoin.
In this context, crypto asset management company Grayscale has filed an application with the SEC to launch the first Worldcoin ETF in the US.
If the application is approved, the fund will be the first ETF to offer direct investment in WLD on US markets.
According to the S-1 filing submitted to the SEC, the Grayscale Worldcoin ETF will hold WLD directly. If approved, the fund is planned to be listed on the Nasdaq Exchange under the ticker symbol “GWLD”.
Thus, investors will be able to gain exposure to Worldcoin through a regulated investment product without having to directly buy or hold the WLD token.
The application states that the fund will follow a passive investment strategy, not using derivatives or leverage, and that custody services will be provided by BitGo Bank & Trust.
The announcement of an ETF application for WLD has stirred the market and its price. Following the news, the WLD price rose by approximately 4-5% during the day, and investors began closely monitoring the approval process.
Experts say that a potential approval could accelerate Worldcoin’s adoption by institutional investors.
With this application, the total number of cryptocurrency ETFs managed by Grayscale has risen to 18. Previously, they had ETFs for assets such as Bitcoin (BTC), XRP, Solana (SOL), Ethereum (ETH), Dogecoin (DOGE), and Chainlink (LINK).
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
On Monday, Cathie Wood’s ARK Invest bought more than $20 million worth of SpaceX shares. The purchase is viewed as a “buy the dip” strategy as Elon Musk-led SpaceX stock continued its sharp run of losses after the IPO.
Cathie Wood Continues Buying SpaceX Stock At A Discount Cathie Wood’s latest buy occurred as SpaceX stock closed at price of $119.85, down 3.34% on Monday, June 20. At this closing, then the total value of ARK’s combined purchases, based on the closing price, come to about $20.45 million. The stock has since recovered 1.88% to $122.10 in premarket trading Tuesday.
The ARK Innovation ETF (ARKK) had the largest buy of 97,664 SPCX shares. This stash represented approximately $11.70 million in total value of the purchase, according to ARK’s disclosure of daily trading activities. The ARK Autonomous Technology & Robotics ETF (ARKQ) bought 31,807 shares, representing an investment of about $3.81 million.
Further, the Cathie Wood’s ARK Next Generation Internet ETF (ARKW) raked in 28,153 shares with nearly $3.37 million in value. In addition, the ARK Space Exploration & Innovation ETF (ARKX) bought 13,010 SpaceX shares for close to $1.56 million.
SPCX Stock Grapples With Losses As Short Selling Surges Cathie Wood’s latest purchase follows investor confidence in the new public company for the aerospace group remaining low. SPX has dropped over 45% since its IPO. It even erased almost $1 trillion in market cap in just a few weeks since its introduction to the market.
Moreover, tbe downturn has also brought the share price down from the IPO price of $135. This SpaceX stock crash put most investors in the public market at a loss.
The extended selling stretch has rewarded bearish investors with handsome returns. The financial data firm S3 Partners reports that over the last month, short sellers have made approximately $4 billion in paper profits. Investors who bet on further declines have reportedly taken out about 30% of the company’s shares, which is approximately 192 million free-floating ones.
Also, SpaceX’s first post-IPO trip with its Starship vehicle has been called off after an automatic abort due to engine problems. This event eventually led to an increase in selling pressure. Moreover, another important event in the in-road is also a lockup that is set to expire on August 19, which will unleash an additional 900 million shares for trading.
For those looking for opportunities similar to SpaceX pre-IPO trading, visit our page on Best Platforms & Crypto Exchanges to Trade Pre-IPO Tokens.
Samsung’s hybrid bonding technology is expected to be used in NVIDIA’s next-generation Feynman AI accelerator, with the chip featuring custom HBM.
Samsung Electronics has commenced construction of a Die-to-Wafer (D2W) hybrid bonding production line at its P5 plant in Pyeongtaek, targeting advanced packaging for next-generation High Bandwidth Memory (HBM) and logic semiconductors. Samsung’s top pick for core equipment suppliers is Dutch firm Besi; the company plans to procure around 50 hybrid bonding machines, each priced at roughly 6 billion won (about $4.3 million) — twice the cost of competing products. However, negotiations have moved slowly due to Samsung’s demand for custom modifications to the machine architecture, and Besi, which also supplies TSMC and Micron, is cautious about modifying equipment exclusively for Samsung. Samsung is simultaneously evaluating local alternatives: its subsidiary SEMES has completed development of D2W hybrid bonding machines and delivered samples for validation earlier this year. Hanwha Semitech finished developing its second-generation "SHB2 Nano" in February, and sent samples to SK Hynix in April. Its cluster system integrating Equipment Front End Module (EFEM), plasma activation, and cleaning modules offers distinct competitive advantages. This technology replaces traditional thermocompression bonding with hybrid copper bonding, enabling direct bonding of copper and dielectric materials and drastically shortening interconnect lengths. Its core application is custom HBM: vertically stacking HBM DRAM layers directly on logic dies containing customers’ computing circuits and intellectual property (IP) to form 3D system-in-package (SiP) solutions. Citrini analyst Jukan stated that hybrid bonding is expected to be used in NVIDIA’s next-generation AI accelerator Feynman, which will adopt custom HBM, with the technology’s deployment timeline "pushed back from HBM4E". Samsung’s internal projections indicate large-scale commercialization will not be achieved until around 2029–2030, a timeline that aligns with NVIDIA’s expected window for Feynman.
5 minutes ago
Trump could impose new tariffs on dozens of countries as early as this week.
According to the Financial Times, US President Donald Trump will impose new tariffs on dozens of countries as early as this week.
5 minutes ago
TrendForce forecasts that the NAND flash memory supply shortage will ease in 2027.
High-tech industry research firm TrendForce points out that while servers account for over 40% of total NAND flash demand, smartphones and laptops combined still make up nearly 40%, continuing to significantly impact overall demand. On the inventory front, memory manufacturers’ stock levels remain relatively low. Though module manufacturers’ inventories have risen due to weak consumer market conditions, inventories held by other buyers stay controllable. Taking all these factors into account, TrendForce projects the NAND flash bit supply-demand gap will hold at 4%–5% in 2026, signaling ongoing supply shortages. However, the gap is expected to turn positive in the second half of 2027, alleviating supply tightness.
5 minutes ago
China's National Supercomputing Internet recently launched the API call service for the Kimi K3 model.
According to monitoring by Beating (Dongcha), China’s National Supercomputing Internet recently launched the Kimi K3 model API calling service. Enterprises and developers can quickly access large language model (LLM) capabilities without cumbersome environment configuration. The API is compatible with OpenAI and Anthropic interface specifications, enabling fast, low-cost deployment of diverse AI applications. Additionally, the Supercomputing Internet has rolled out the 100,000-Creation Plan, providing one-stop Model as a Service (MaaS) offerings.
5 minutes ago
Samsung reportedly starts supplying V10 NAND flash memory to Nvidia.
Samsung Electronics is expanding its collaboration with Nvidia in the NAND flash memory sector. Industry sources revealed that Samsung has built V-NAND production capacity exceeding 100,000 wafers per month and is mass-producing its 10th-generation V10 products for supply to Nvidia. It is reported that Samsung has allocated approximately 60% of its V-NAND production capacity to V9 flash memory, a move aimed at meeting Nvidia’s demand for NAND for its CMX products set to launch in the second half of the year. In addition, Samsung has started trial production of 500-layer V11 flash memory; the trial production began earlier this year, and the company plans to double the related output in the second half of the year.
5 minutes ago
Serenity analyzes AMD’s MI500 and CPO roadmap: A clear commitment to optical interconnects would be an industry-wide positive development.
AMD will host its Advancing AI event in San Francisco from July 22 to 23, where more details about its MI500 series GPUs and scale-up Co-Packaged Optics (CPO) roadmap are set to be unveiled. In response to community queries, Serenity noted that if AMD explicitly commits to a CPO solution and discloses its optical engine supplier at the event, it will be a major positive for the entire CPO ecosystem—meaning NVIDIA is no longer the sole player driving the optical interconnect transition. Jefferies analyst Blayne Curtis currently expects AMD to partner with Astera Labs on UAL and Broadcom on ESUN, but the key watchpoint is whether AMD will officially shift to a CPO-based scale-up design and who will supply the optical engine. Serenity added that a clearer supply chain picture will only emerge after the event (held Wednesday and Thursday), so conclusions are premature for now. For Sivers, its supply chain ties to AMD’s CPO plans can only be inferred indirectly at present: first, GlobalFoundries (GF) is rumored to be involved in AMD’s MI500 CPO work, and Sivers is GF’s reference laser supplier; second, AMD has previously invested in Ayar Labs. If AMD confirms at the event that it will use Ayar Labs or GF’s SCALE as the optical engine for the MI500 CPO, it will be a massive boost for Sivers, which holds a core role as an upstream laser and reference laser supplier in both potential paths. The upcoming MI500 is expected to adopt a native UAL scale-up architecture, supporting 256 GPUs per rack and interconnected via optical links. Sivers has been steadily securing positions across multiple tech tracks this year, including CPO, pluggable optical modules, and silicon photonics. If AMD’s event confirms Sivers’ indirect entry into the supply chain, it will further validate the company’s full-scenario layout logic in the optical interconnect sector.
Wanchain’s Cardano-to-BNB Chain bridge has reportedly suffered an exploit that drained about 515 million NIGHT from its Cardano-side treasury, according to blockchain security firm BlockSec.
Summary
BlockSec said roughly 515 million NIGHT left Wanchain’s Cardano bridge treasury during the reported exploit. Midnight said its core network remained secure, describing the incident as isolated to bridge infrastructure. NIGHT fell more than 30% as investigators examined possible signature reuse in Wanchain validator logic. The incident triggered heavy selling of Midnight’s native token and sent NIGHT down more than 30% within 24 hours.
BlockSec’s Phalcon said its initial investigation pointed to a possible flaw in the TreasuryCheck validator used by the bridge. The security firm stressed that its findings remain preliminary. Meanwhile, the Midnight Foundation said the incident affected third-party bridge infrastructure rather than the Midnight blockchain itself.
BlockSec points to possible signature reuse flaw According to BlockSec, the reported Wanchain Cardano bridge exploit may stem from the way the TreasuryCheck validator creates messages for signing. The firm said the validator combines 14 fields of varying lengths without adding clear separators or recording the length of each field. That structure could allow different sets of data to produce the same final byte string.
BlockSec said this could create a path for a signature reuse attack. An attacker may be able to reorganize field values while keeping the same signed message, allowing a previously valid signature to authorize a different transaction.
The firm said it reached its initial view after examining the onchain Plutus V2 code and the transaction linked to the reported attack. The investigation remains ongoing, and Wanchain had not published a full technical postmortem at the time of writing.
The security firm said a more structured encoding method could have prevented this type of ambiguity. Its analysis noted that the contract already contained Cardano’s SerialiseData function, but the bridge did not appear to use it when building the signature hash. BlockSec said encoding each field with clear boundaries would prevent two different data sets from producing an identical signed message.
Wanchain originally launched cross-chain support for NIGHT between Cardano and BNB Chain in December 2025. The bridge allows users to move the token between the networks through cross-chain infrastructure operated by Wanchain. Cardano’s official ecosystem directory describes WanBridge as using threshold-signature relayers to connect Cardano with EVM and non-EVM networks.
Midnight says the core network remains secure The Midnight Foundation initially said it was investigating reports of an incident involving the Wanchain Cardano-to-BNB bridge and bridged NIGHT. It later issued a clarification saying the event was limited to Wanchain’s third-party bridge infrastructure.
“The incident is isolated to the Wanchain Cardano–BNB bridge and does not involve the Midnight Network itself,” the foundation said.
It added that Midnight’s protocol, validators, consensus system and core infrastructure continued to operate normally. The organization said it was working with Wanchain as the bridge operator continued its investigation.
The distinction matters because the reported attack involved tokens held to support cross-chain transfers rather than a change to NIGHT’s total supply. NIGHT is Midnight’s native governance token and also generates DUST, the network resource used for transactions and smart contract execution. Midnight lists the token’s total supply at 24 billion.
Midnight operates as a privacy-focused Cardano partner chain with a dual-token economic model built around NIGHT and DUST. The project launched its mainnet in March 2026, while NIGHT remains publicly transferable and tradable.
NIGHT sinks as hundreds of millions of tokens move NIGHT sold off sharply as reports of the bridge incident spread. CoinGecko data showed the token trading near $0.0186, down about 31% over 24 hours. At those prices, 515 million NIGHT would carry a market value of roughly $9 million to $10 million. The value can move quickly because of the token’s volatility.
The large movement of NIGHT created immediate selling pressure because hundreds of millions of tokens reportedly left the bridge treasury within a short period. However, the Midnight Foundation has not said that the Midnight protocol itself created new tokens or suffered a consensus failure. Its statements have consistently described the event as a cross-chain bridge issue.
The price decline reversed part of NIGHT’s earlier market gains since Midnight’s launch. As crypto.news reported in March, NIGHT rose more than 20% around the mainnet rollout. The token has since faced a more volatile market, and the latest bridge incident has brought renewed attention to the risks created when native assets move through third-party infrastructure.
Bridge security remains a recurring problem across crypto The reported Wanchain incident follows several bridge attacks in 2026. As previously reported, Taiko halted parts of its network after a verification problem affected its bridge system. Other recent incidents involved Verus Protocol, Axelar-linked routes and older Aztec infrastructure.
A separate crypto.news guide on cross-chain bridge security explains that bridges often hold large pools of assets while relying on complex systems to verify transactions between networks that cannot communicate directly. Weaknesses in message validation, signer systems and smart contract logic have repeatedly provided attack routes.
The Wanchain case remains under investigation. BlockSec has presented a possible technical cause, while Midnight has limited its confirmed assessment to the bridge layer. Wanchain still needs to provide a full account of the transaction flow, the exact vulnerability, the status of bridged NIGHT
515 Million NIGHT Tokens Drained in Bridge AttackWanchain's bridge connecting Cardano to BNB Chain was exploited on July 21, 2026, with approximately 515.2 million $NIGHT tokens drained from the bridge treasury. The stolen tokens were worth roughly $13 million at pre-exploit prices. CoinGecko data showed the token trading near $0.0186 after the incident, placing the value of 515 million NIGHT closer to $9 million to $10 million at prevailing prices.
The incident unfolded in just four rapid transactions over an eight-minute window. BlockSec Phalcon traced the attacker's redeemer back to a legitimate BSC transaction that authorized only around 3,110 NIGHT, with the same signature then reused on Cardano to extract more than 203 million NIGHT through field-boundary ambiguity in the raw-concatenated hash. The attacker funneled stolen tokens into a primary wallet on Cardano before aggressively liquidating roughly 90% of the haul through DEX swaps and DeFi protocols.
Validator Flaw at the Root of the ExploitBlockSec's monitoring revealed that the attack exploited a vulnerability in the TreasuryCheck validator's signature message encoding. The issue arose from the raw concatenation of 14 variable-length redemption fields without delimiters, allowing different field combinations to produce identical byte strings and reuse the same hash and signature. BlockSec confirmed the vulnerability by analyzing on-chain Plutus V2 bytecode and decoding the attack transaction's redemption data, noting that use of Sha3_256(SerialiseData(...)) could have prevented this by providing clear CBOR-encoded field boundaries.
Wanchain confirmed it was aware of an incident affecting the Cardano BNB Chain bridge, resulting in the withdrawal of NIGHT tokens from the bridge contract on Cardano, and said the bridge was taken offline while the team investigates. Midnight said its core network remained secure, describing the incident as isolated to bridge infrastructure.
NIGHT is Midnight's native governance token and also generates DUST, the network resource used for transactions and smart contract execution. Midnight operates as a privacy-focused Cardano partner chain with a dual-token economic model, and launched its mainnet in March 2026. NIGHT sold off sharply as reports of the bridge incident spread, falling more than 30% within 24 hours to a record low near $0.016.
Wanchain originally launched cross-chain support for NIGHT between Cardano and BNB Chain in December 2025. The latest bridge incident has brought renewed attention to the risks created when native assets move through third-party infrastructure.
2026 has been particularly challenging for the crypto market, with hacking incidents becoming rampant.
In July, for example, over $59 million worth of crypto assets were exploited, raising total hacks to $1 billion in 2026 so far. Amid this surge, cross-bridge exploits have dominated, with the Midnight network as the latest victim.
Midnight suffers a cross-bridge exploit Midnight Foundation and on-chain monitors reported a security incident affecting the Wanchain Cardano-to-BNB cross-chain bridge.
A 2-year-old contract that contained 515 million NIGHT was hacked, and all tokens were drained from the custody backing Wanchain-wrapped NIGHT on BNB.
Thereafter, funds were routed through fresh wallets and dumped on Cardano DEXs. The attacker sold 290 million NIGHT and is likely to sell the remaining tokens.
As a result, the wrapped NIGHT on BNB is now unbacked, even though its supply remains unchanged. However, the Midnight Foundation clarified that the Midnight network itself remained secure, with the incident isolated to cross-bridge operations.
NIGHT plummets amid extreme sell pressure After the security incident, the NIGHT token crashed heavily. The altcoin dropped 32%, hitting a new all-time low of $0.015 before slightly rebounding to $0.019 as of writing. Over the same period, market cap dropped 27% to $324 million, while the trading volume skyrocketed 829% to $131 million.
Rising volume, alongside dipping price and market cap, signaled increased sell-side activity. In fact, exacerbated by attackers selling, the selling pressure intensified.
Source: Coinalyze After the news, other holders panicked and quickly closed their positions.
On the Spot market, the Sell Volume rose to 624 million over the past 24 hours. Similar behavior was observed in the Futures market. As a result, traders exited the market, driving Futures Outflows to $67.4 million.
Source: CoinGlass At the same time, inflows dropped to $62.3 million, with Netflow falling 1000% to -$5.1 million. The funds indicated that most traders turned bearish and closed positions to avoid further losses.
What’s next for NIGHT? NIGHT is currently experiencing strong bearish pressure, as most market participants have significantly reduced exposure.
In that light, the altcoin’s Relative Strength Index (RSI) crashed into oversold territory, falling to 17 at press time. The RSI at such extreme lows confirmed heightened market pressure, with sellers in control.
Source: TradingView Such market conditions warn of the likelihood of extended weakness. If the negative sentiment persists, Midnight will hold below $0.02 with $0.015 as support.
Final Summary Midnight suffered a cross-bridge exploit with 515 million NIGHT drained from the Wanchain Cardano-to-BNB bridge. NIGHT crashed 32%, hitting a new all-time low of $0.015 amid intense panic selling.
Goldman Sachs said Brent crude could climb back toward $120 a barrel by the fourth quarter, approaching the $126.41 intraday peak it hit on April 30 during the US-Iran war, if disruptions to flows through the Strait of Hormuz continue.
Analysts led by Daan Struyven said escalation in the Middle East, combined with a drop in Persian Gulf flows to below 45% of pre-war levels, has pushed prices higher this month.
Goldman’s Base Case Still Points LowerGoldman’s own forecast remains for Brent at $80 a barrel in the fourth quarter and $75 next year, premised on a de-escalation between the US and Iran. Brent topped $90 a barrel on July 19 as the conflict intensified, before ceasefire hopes eased the rally to $88.47 by July 21.
The final week of April is when Brent futures hit their war-time peak. Image Source: Investing.comStill, the analysts said risks skew toward higher prices given the chance of a wider Hormuz blockade risk, as well as potential disruption in the Red Sea, where Houthi rebels have threatened to blockade Saudi shipments.
“Escalation in the Middle East and the decline in estimated Persian Gulf flows to below 45% of pre-war levels have pushed oil prices back up.”
Daan Struyven, Goldman
Where the Rally Could Lose SteamLower global inventories have left the market more exposed to shocks, though a slump in Chinese imports and greater demand elasticity could cap gains, the note said. That echoes BeInCrypto’s earlier coverage of reserve buffer depletion fueling similar upside calls from TD Securities.
To hedge persistent shocks from the Middle East and Russia, Goldman recommended going long the December 2026 to March 2027 European diesel timespread, citing tight diesel markets, continued Ukrainian strikes on Russian refineries, and elevated gas price odds tied to the conflict.
Key Takeaways Ethereum maintains position above the critical $1,825 support zone following a decisive break of resistance, with bullish targets set at $2,500 U.S. spot Ethereum ETFs recorded their second consecutive week of positive flows, accumulating $105.44 million in net inflows Aggregate assets under management in Ethereum ETFs climbed to $9.97 billion, approaching the significant $10 billion threshold The ETH/BTC trading pair is challenging the upper limit of a 12-month downward channel Market analyst Ali Charts identifies $1,850 as the critical support level that must hold for a rally toward $2,300 Ethereum is currently changing hands near $1,865 following a notable rebound from its June bottom around $1,505. Throughout July, the digital asset has established a pattern of ascending peaks and troughs, leaving market participants focused on whether momentum can carry prices beyond the $2,000 threshold.
Ethereum (ETH) Price The nearest overhead resistance barrier is positioned at $1,900. Successfully breaching this level would place the psychologically significant $2,000 milestone directly in view, representing a previous supply zone that buying pressure must overcome to validate the ongoing recovery trend.
Should ETH maintain its footing above $1,825 while continuing to establish progressively higher lows, market analysts project a potential advance toward the $2,465-$2,620 range. The extended bullish objective zone is mapped between $2,500 and $2,620.
Market analyst Ali Charts indicated that should Ethereum be constructing a double bottom pattern, the $1,850 level represents a critical support threshold. Ali Charts emphasized that maintaining this floor would open the door to a subsequent rally targeting $2,300.
Technical analyst Ted Pillows observed that ETH has successfully recaptured its 6-month descending trendline and that the weekly MACD indicator has reversed into bullish territory. He highlighted that prominent investor Tom Lee alongside various institutional players continue accumulating positions, suggesting that sustained support at $1,850 may fuel an additional 10% upward move.
Institutional Capital Returns Via ETF Channels U.S. spot Ethereum exchange-traded funds captured $105.44 million in net positive flows during the week concluding July 17, building on the prior week’s $84.42 million intake. This marks a reversal from five straight weeks of net redemptions that occurred between mid-May and the end of June.
Source: SoSoValue Total cumulative net inflows across all Ethereum ETF products now register at $11.08 billion. Combined assets held by these funds reached $9.97 billion, positioned just beneath the $10 billion benchmark.
BlackRock’s ETHA product dominated inflows, attracting $31.68 million on July 17 by itself and currently overseeing $5.22 billion in net assets, representing over half of the entire U.S. spot Ethereum ETF marketplace. Fidelity’s FETH contributed an additional $5.05 million during the same period.
Ethereum vs. Bitcoin: Momentum Shift Emerging The ETH/BTC ratio is currently testing the upper constraint of a yearlong descending channel formation near the 0.0285-0.029 BTC range. The pair bounced from long-term support around 0.0262 BTC, and a confirmed breakout above resistance could propel it toward 0.030 BTC initially, with 0.032 BTC as the subsequent target.
A durable upward movement in the ETH/BTC ratio would likely catalyze positive momentum throughout the broader Ethereum ecosystem and associated tokens.
Examining the weekly chart, the Relative Strength Index hovers around 40, demonstrating recovery from oversold territory but remaining beneath the neutral 50 threshold. On the daily timeframe, RSI has advanced to 58.
The $1,800 level has emerged as the primary support zone to monitor. BlackRock’s ETHA fund registered $31.68 million in single-day inflows on July 17, representing the latest session with published data.
21 July 2026 | 11:00 Ethereum is approaching the psychologically important $2,000 level after extending its recovery from the June low near $1,505. The altcoin trades around $1,930 at the time of writing after 2% daily gains, while continuing to form higher lows inside an ascending channel.
The level ahead is more than a round-number barrier. Three separate technical resistances converge in the same area, making the next reaction particularly important for the short-term structure.
Institutional demand also remained supportive. After two consecutive weeks of net inflows, US spot Ethereum ETFs opened the new week with another $38.09 million on Monday, July 20, led by BlackRock’s ETHA with approximately $34.31 million, per SoSoValue. The continued inflows strengthen the recovery backdrop, although one positive day does not confirm a lasting trend.
Ethereum is not advancing alone. According to CoinMarketCap, over the past 24 hours, HYPE gained approximately 2%, Solana rose 2.3% and XRP added 1.8%, showing that the move forms part of a broader recovery across major altcoins rather than an ETH-only breakout.
Three Resistance Levels Meet Near $2,000 The first obstacle is the 100-day simple moving average, currently positioned near $1,985. ETH remains below this longer-term trend measure despite already reclaiming the faster 50-day average.
The same area also contains the 0.5 Fibonacci retracement of the wider decline and the upper boundary of the rising channel that has guided the recovery since early July.
When several technical levels overlap, traders often treat the zone as stronger resistance than any individual indicator would provide on its own. A temporary rejection or consolidation near $2,000 would therefore not immediately invalidate the recovery.
Momentum remains constructive, with the daily Relative Strength Index near 65. That shows improving demand without placing ETH clearly above the traditional overbought threshold of 70.
Daily Ethereum price chart / Source: TradingView What Happens if Ethereum Is Rejected? The first support to monitor sits around $1,920, close to the recently reclaimed horizontal resistance and the lower half of the rising channel.
If buyers defend that area, ETH could consolidate before attempting another move through $2,000. Holding $1,920 would also preserve the current sequence of higher lows.
A daily break below that level and the channel support would weaken the immediate bullish setup. Attention would then shift toward the 0.382 Fibonacci retracement near $1,870, which previously acted as resistance before the latest advance.
The next major support below that area is near $1,730, where the 50-day moving average currently sits. A move that deep would represent a more substantial deterioration in the recovery structure.
A Breakout Still Needs Confirmation A move above $2,000 alone would not fully confirm the breakout. ETH would need to remain above the resistance cluster and successfully retest it as support.
That sequence would show that sellers around the 100-day average and the Fibonacci level had been absorbed. It would also move Ethereum outside the current ascending channel, increasing the possibility of a broader advance toward the next horizontal resistance near $2,100.
Until that confirmation appears, $2,000 remains the main decision area. A rejection would keep the recovery intact as long as $1,920 holds, while a confirmed breakout would mark a stronger shift in Ethereum’s medium-term structure.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Key TakeawaysEscalating Middle East Hostilities Support Elevated Crude PricesNvidia Unveils Nebius Investment as Technology Earnings ApproachGet 3 Free Stock Ebooks Wall Street closed in negative territory Monday with the Dow losing 0.6% and S&P 500 sliding 0.2% as semiconductor momentum evaporated Crude oil prices remained elevated near $90 per barrel amid ongoing US-Iran military exchanges now in their 10th day Houthi forces in Yemen issued threats to shut down Saudi oil shipments via the strategic Bab al-Mandab Strait Nvidia revealed ownership of 9.3% in Nebius, an AI cloud infrastructure provider headquartered in Amsterdam, boosting shares 5% Major technology earnings from Alphabet, Tesla, and Texas Instruments scheduled for Wednesday will test AI investment narratives American equity markets closed in the red Monday as an early semiconductor sector rally lost steam and ongoing Middle East military confrontations maintained pressure on investor sentiment. The Dow Jones Industrial Average retreated 0.6% while the S&P 500 shed 0.2%, with the Nasdaq managing to finish nearly unchanged.
E-Mini S&P 500 Sep 26 (ES=F) Semiconductor equities had surged over 3% during morning trading but managed only a 0.6% advance by market close. Market participants continue to exhibit caution regarding artificial intelligence capital expenditure momentum, while emerging Chinese rivals compound existing concerns.
Escalating Middle East Hostilities Support Elevated Crude Prices Military exchanges between the United States and Iran entered their 10th consecutive night. International diplomatic initiatives aimed at establishing a temporary cessation of hostilities have yet to produce meaningful progress.
BREAKING: Iran's IRGC says it has completely destroyed Amazon's central data hub in Bahrain with several cruise missiles and warns more are coming, per Fars News.
The attack marks a new phase: Iran is now targeting U.S. tech infrastructure. The IRGC has warned 18 American tech…
— The Hormuz Report (@HormuzReport) July 21, 2026
The Iran-aligned Houthi movement in Yemen declared intentions to impose a blockade on Saudi vessels traversing the Bab al-Mandab Strait. This strategically critical maritime passage links the Red Sea with the Gulf of Aden and serves as a vital corridor for international commerce.
Brent crude traded around $89 per barrel in early Tuesday sessions, significantly elevated from approximately $70 witnessed prior to the commencement of US-Israeli operations against Iran in late February. A temporary decline to that lower threshold occurred following a June ceasefire arrangement, though that accord has subsequently collapsed.
Questions surrounding the Strait of Hormuz continue to weigh on market sentiment. Any intensification affecting both strategic waterways could propel crude prices substantially higher and amplify worldwide inflationary pressures, potentially compelling monetary authorities to implement rate increases.
President Trump issued warnings that Iran “will pay” for American military casualties.
Nvidia Unveils Nebius Investment as Technology Earnings Approach Nvidia reported holding a 9.3% equity position in Nebius, an artificial intelligence cloud infrastructure enterprise operating from Amsterdam. The investment encompasses approximately 22.26 million shares and includes securities from a warrant associated with a $2 billion capital commitment Nvidia executed earlier this year.
Nvidia remains restricted from exercising that warrant until September 11, based on securities filings. Nebius equity climbed 5% in extended trading hours. The organization emerged from Russian internet search provider Yandex and projects delivering over 5 gigawatts of computational infrastructure by 2030’s conclusion.
Tuesday’s earnings calendar features Charles Schwab, Danaher, 3M, Northrop Grumman, and General Motors ahead of market opening. Interactive Brokers, Chubb, and Capital One will announce results following the closing bell.
Greater attention centers on Wednesday’s releases from Alphabet, Tesla, and Texas Instruments. Market analysts indicate these financial reports will provide critical insights into whether corporations are achieving tangible returns from artificial intelligence capital deployments.
In European markets, Novartis exceeded second-quarter earnings projections, supported by cost reductions despite softer revenue from its cardiac medication Entresto.
US equity futures indicated positive momentum Tuesday morning, with Nasdaq 100 futures advancing 1.3%, pointing toward potential recovery from Monday’s declines.
Leading cryptocurrency analyst Ali Martinez anticipated on Monday a “decisive breakout” for XRP (CRYPTO: XRP) if the token successfully surpasses a key resistance level.
Where Is XRP Headed?Martinez posted an animated video showing XRP’s consolidation inside a symmetrical triangle on the hourly timeframe
XRP has been consolidating around the $1.09–$1.11 range throughout July. The video suggested that a breach of $1.13 could open the door for a potential rally toward $1.30.
“A decisive breakout above it could confirm the bullish breakout and open the door for further upside,” Matinez added.
Notably, Martinez flagged a “Buy” signal for XRP last week, around $1.109. Since then, the token is up 3.3%.
The Signals That MatterThe Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, also flashed a "Buy" reading for XRP, according to TradingView.
The Bull Bear Power indicator, which measures the strength of buyers and sellers, remained “Neutral,” and so did the Relative Strength Index, which hovered just above 50.
Meanwhile, open interest in XRP futures has risen by over 6% in a week, according to Coinglass, indicating high speculative interest. This, complemented by a 5.58% increase in spot price over the same period, validated the bullish trend.
Smart money sentiment, which refers to the collective outlook and capital allocation of institutional investors, turned “bullish.”
Price Action: At the time of writing, XRP was exchanging hands at $1.13, up 3.72% in the last 24 hours, according to data from Benzinga Pro.
Photo Courtesy: Mehaniq on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Tencent: Will massively deploy domestically produced computing power in China, with NPO super nodes scheduled for deployment in the fourth quarter.
According to monitoring by Beating, a tech media outlet, a Tencent Cloud executive stated at a sub-forum of the recent World Artificial Intelligence Conference that to minimize inference costs, the company will deploy large-scale domestically produced computing power in China. The company plans to launch NPO (Near-Packaged Optics) super nodes in Q4 2026, and called for unified NPO industry standards at home and abroad.
6 minutes ago
A certain crypto whale opened a 3x long position on Micron, with the position valued at $2.17 million.
According to OnchainLens monitoring, a newly created wallet withdrew USDC worth $14.64 million from Binance, transferred the funds to Hyperliquid, and subsequently opened a 3x long position of 2,386.72 MU (Micron) valued at $2.17 million.
6 minutes ago
Binance will launch multiple USDT-margined TradFi perpetual swaps including SHAZUSDT today.
Binance will launch multiple USDT-margined TradFi perpetual contracts today, including SHAZUSDT (09:00 UTC), SOFIUSDT (09:05 UTC), PANWUSDT (09:10 UTC), and PENGUSDT perpetual contracts. The underlying assets are U.S. stocks SharonAI Holdings, SoFi Technologies, Palo Alto Networks, and Penguin Solutions, with support for up to 25x leverage and 24/7 trading.
6 minutes ago
A whale went long on 1,000 BTC and 10,000 ETH at the start of the month, posting an unrealized profit of $5.484 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the smart money that went long 1,000 BTC and 10,000 ETH since the start of the month is now sitting on an unrealized profit of $5.484 million. The address opened long positions on BTC on July 6 and ETH on July 14, at entry points of $62,354 and $1,761.9 respectively. Its current position value stands at $85.36 million, with funding fees paid exceeding $330,000.
6 minutes ago
Pons: 20% of the total PONS token supply has been burned.
Robinhood Chain-native token launch platform Pons announced that 20% of the total PONS token supply has been burned in just the past 8 days, and the platform will continue to use its revenue to burn PONS tokens. According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high of over $39 million in market cap today, and is now trading at $33 million, up 105% in 24 hours, with roughly $13.7 million in trading volume over the same period. PONS is the native token of Robinhood Chain’s token launch platform Pons, which supports the creation and issuance of fixed-supply tokens. The platform uses collected WETH fees to repurchase PONS, while directly burning PONS fees from transactions, leading some community members to label it as Robinhood Chain’s equivalent of Pump.fun. Related reading: Robinhood Launchpad: A Battle of Hundreds of Projects, Who Will Come Out on Top? BlockBeats Note: On-chain token trading is highly volatile, often driven by market sentiment and hype, with no inherent value or real-world use cases. Investors are advised to exercise caution.
6 minutes ago
Crypto whale sets 10 major trading targets; its current long position is approximately $150 million, with unrealized profit potentially expanding to $5.15 million.
Contract whale "Set 10 Big Goals First" posted their open position this morning: a 4x leveraged long on Bitcoin. On-chain analyst Ai Yi (@ai_9684xtpa) estimates the whale’s average entry price at $63,827.06, with the long position holding roughly 2,358.05 BTC, valued at $150 million. As BTC breaks above $66,000, its unrealized profit could expand to $5.15 million. Previously, "Set 10 Big Goals First" stated in a post that recent trades are dominated by short-term long positions, with no short positions opened so far. The risk-reward ratio for shorting is currently low, as Bitcoin is relatively near its cyclical bottom. The subsequent trend may gradually emerge and trigger a new rally, so the whale is unwilling to miss the potential upward signal. The current position may be held for medium to long term, but will still be adjusted based on market conditions, with no exclusion of continuing short-term trades. Additionally, a large-scale correction in US-listed AI-related tech stocks cannot be ruled out in the next six months.
Jito [JTO] climbed 11.59% over the previous 24 hours to $0.6087 as of writing, while its market capitalization reached $304.67 million as investor interest strengthened. Trading activity also accelerated, with daily volume surging 142.17%, indicating that buyers returned aggressively after recent weakness.
The rally followed growing optimism surrounding JIP-38, a proposal that established Jito as a token-centric network by directing 100% of the Jito DAO’s revenue share from JTX Trade toward programmatic JTO buybacks and burns for at least one year.
Positive sentiment surrounding Solana’s [SOL] institutional adoption and capital rotation into Solana ecosystem tokens further supported the move. As a result, market participants increasingly viewed the proposal as a long-term value driver rather than a short-lived catalyst.
JTO’s leveraged traders return Derivatives traders also increased their exposure as Open Interest (OI) rose 14.53% to $52.05 million at press time, during the rally. The increase suggested that fresh positions entered the market instead of existing contracts simply closing.
Rising OI alongside double-digit price gains often reflected stronger market conviction because both spot and futures participants committed additional capital.
Unlike rallies driven by declining derivatives exposure, JTO‘s advance attracted broader participation across multiple trading segments. The combination suggested traders expected the bullish narrative surrounding JIP-38 to continue influencing price action.
However, expanding leveraged exposure also increased the probability of sharper volatility should sentiment reverse or profit-taking accelerate after the recent advance.
Source: CoinGlass Buyers maintained control across spot markets Spot market activity also favored buyers throughout the latest recovery.
At the time of writing, the 90-day Futures Taker CVD remained buy dominant, showing that aggressive market buyers consistently absorbed available sell orders. The behavior aligned with the sharp increase in trading volume, which expanded 142.17% over the previous day.
Stronger buying pressure supported the price recovery instead of allowing sellers to regain control after recent weakness.
In addition, the sustained demand complemented improving sentiment surrounding Jito’s revised tokenomics and the broader Solana ecosystem. Although buyers held the advantage, continued demand would remain necessary to absorb future profit-taking as speculative participation increased across both spot and derivatives markets.
Source: CryptoQuant Can JTO reclaim $0.80 next? JTO rebounded from the $0.5332 support area after breaking below its broader ascending channel earlier.
Buyers pushed the token back toward $0.6500, which now represented the nearest resistance before a possible move toward $0.8000. The Directional Movement Index (DMI) also reflected improving conditions.
At press time, the +DI stood at 21.23, remaining above the -DI at 20.56, while the ADX measured 19.43, suggesting bullish strength had started improving but remained below the threshold associated with a strong trend.
If buyers reclaimed $0.6500, the chart suggested a retest of $0.8000 could follow. However, failure to hold above $0.5332 would likely expose JTO to another test of the $0.4054 support level.
Source: TradingView Conclusively, JTO’s rally reflected improving fundamentals, stronger buying pressure, and increasing trader participation rather than a purely speculative bounce.
If buyers continue defending support and overcome the $0.6500 barrier, the token could challenge $0.8000 in the sessions ahead. However, weakening demand would likely delay that recovery and shift attention back toward the $0.5332 support zone.
Final Summary JTO’s rally gained support from stronger buying activity and growing confidence after the JIP-38 proposal. Rising Open Interest and steady spot demand kept bullish pressure intact, though $0.6500 remains the next key hurdle.
