Band VRF je nyní spuštěn na mainnetu OPN Chain a přináší ověřitelnou náhodnost pro on-chain aplikace. IOPn jej už využívá pro loterie a giveaway mechaniky.
Band is thrilled to announce the live mainnet deployment of Band VRF (Verifiable Random Function) on OPN Chain, the sovereign blockchain at the heart of the IOPn ecosystem. This integration brings cryptographically secure, publicly verifiable randomness to OPN Chain, giving developers and users on IOPn a foundation for fair, tamper-proof on-chain experiences.
Why Band VRF on OPN Chain?IOPn is building the Internet of People: sovereign infrastructure where AI, blockchain, and digital identity converge to return ownership to users. At the center of that vision sits OPN Chain, a Cosmos SDK-based blockchain with full EVM compatibility that powers IOPn's ecosystem of products.
When you are building systems where trust is the product, even randomness has to be held to the same standard. Band VRF brings cryptographically secure, on-chain verifiable randomness to OPN Chain, solving a critical need for any application where the fairness of an outcome cannot simply be assumed. It has to be proven.
What Does Band VRF Do?Band VRF provides secure, tamper-proof, and unpredictable randomness, which is essential for on-chain applications like lotteries, giveaways, NFT drops, and games. In all of these cases, the random outcome must be free from manipulation.
Band VRF achieves this by generating fresh randomness that is verifiable and completely independent of any application's internal state. Every result comes with a cryptographic proof that anyone can check on-chain. It is impossible to cheat, predict, or manipulate the outcome.
Band VRF on OPN Chain is:
Plug-and-Play: Minimal setup via Band VRF provider contracts, accessible through standard Solidity interfacesFully Verifiable: Every random output is backed by cryptographic proofs and Merkle inclusion, publicly auditable on-chainScalable: Built for high-volume requests across lotteries, giveaways, NFT mechanics, and moreVerifiable Fairness for IOPn's On-Chain LotteryIOPn is now using Band VRF to power its on-chain lottery and giveaway mechanics. Every draw is executed on-chain, and every outcome comes with a verifiable proof. Participants do not have to trust that the selection was fair. They can verify it themselves.
This is what trustless randomness looks like in practice: no black boxes, no off-chain draws, no admin-controlled seeds. Just a cryptographic proof, on-chain, for anyone to check.
Get StartedDevelopers building on OPN Chain can integrate Band VRF today using the manual coupled with the addresses below.
git clone https://github.com/bandprotocol/vrf-worker-v1.git cd vrf-worker-v1 cp config.yaml.example config.yaml Bridge: 0xdca381D661D22274b58A47fdA3A02Ad84431526bVRFProvider: 0x3d29B6f57Cf8ee7fbED5b24201C91915c7468504VRFLensV2: 0xdc994dCCaA393D63764774e4Ef6e0819E2E00fEFBand VRF Docs: https://docs.bandchain.org/verifiable-random-function/introductionOPN Chain Developer Docs: https://iopn.gitbook.io/iopn/developer-docsJoin Band Discord: https://discord.com/invite/3t4bsY7Contact: [email protected] AheadAs the IOPn ecosystem grows, Band remains committed to expanding its data infrastructure across OPN Chain. Band VRF is live today, and the integration of Band Price Feeds is being explored, which would bring real-time, reliable price data to DeFi applications, RWA protocols, and AI-powered products being built on IOPn.
For the new wave of developers arriving on OPN Chain, Band provides the full data layer: verifiable randomness, real-world price feeds, and battle-tested infrastructure that scales with your application. With further convergence in AI ahead, the foundation being built here extends well beyond randomness.
Build on OPN Chain with Band. Every outcome provably fair, every data point trustless.
About IOPn
IOPn stewards the Internet of People, a sovereign ecosystem built around digital identity, AI infrastructure (Siada), and on-chain ownership. At its core is OPN Chain, a Cosmos SDK-based Layer 1 with full EVM compatibility, designed for identity, AI workloads, and real-world assets.
Learn more: https://iopn.io
About Band
Band is the data layer that trains AI engines and powers blockchain applications. By empowering DeFi, GameFi, and AI agents, it enables developers, institutions, and users to access real-time data with zero counterparty risk.
With Band's open, battle-tested data infrastructure built for blockchains and LLMs, it ensures that real-time information is always accessible, fueling everything from financial protocols to autonomous AI systems.
Uniswap spustil program Earn s Morpho, který umožňuje vkládat USDC, USDT a ETH do vaultů Gauntlet a získávat výnos při zachování self-custody. UNI v den spuštění lehce vzrostl o zhruba 1 % na 4,32 USD.
Uniswap launched Earn on July 31, a lending product built on Morpho’s infrastructure that lets users deposit USDC, USDT, and ETH into Gauntlet-curated vaults and collect yield, all while keeping self-custody of their funds.
How Earn actually works The product routes user deposits into lending vaults curated by Gauntlet, the risk management firm that has built a reputation for institutional-grade optimization across DeFi. Gauntlet’s vaults have accumulated nearly $1B in assets under management in roughly a year and a half.
Morpho serves as the lending protocol backbone. Coinbase launched its USDC Earn product in September 2025 using Morpho-powered vaults (those were curated by Steakhouse), and Robinhood followed with its own Earn product in July 2026.
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Users deposit supported assets, the vault handles allocation, and they earn lending yield without lockup periods. For context on returns: Coinbase’s USDC yield product hit as high as roughly 10.8% at one point.
Why Uniswap is doing this now This launch is part of a broader strategic arc that started with the introduction of Unichain in February 2025. Governance proposals have actively pushed Uniswap toward integrating lending and borrowing functionality, with Morpho receiving specific governance support for this kind of integration.
Morpho has established itself as the second-largest lending protocol by total value locked, with billions in deposits flowing through its markets.
What this means for investors UNI traded at approximately $4.32 on launch day, ticking up about 1% with a market capitalization of $2.7B.
The risk side deserves attention. Gauntlet has a strong track record, but users depositing into Earn are taking on smart contract risk across multiple protocol layers: Uniswap’s interface, Morpho’s lending contracts, and whatever strategies Gauntlet deploys within the vaults.
Morpho powering yield products for Coinbase, Robinhood, and now Uniswap creates a dynamic where these platforms are effectively competing for the same pool of lending demand while sharing infrastructure. If borrowing demand doesn’t scale proportionally with the flood of new deposits, yields could compress across all three platforms. Investors should watch utilization rates closely as a leading indicator of whether Earn can sustain compelling returns.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEAR Protocol spustil nový AI staking, který mění stakované NEAR na compute credits pro placení AI služeb. Uživatelé tak tokeny neutrácejí a po unstaku je dostanou zpět v plné výši. Systém navíc poskytuje přístup ke 43 modelům na NEAR AI od různých poskytovatelů, včetně OpenAI, Anthropic a Googlu.
NEAR Protocol has rolled out a new staking mechanism for its AI platform, letting users stake NEAR tokens to access AI compute services rather than spending tokens outright. The feature marks a notable step in the protocol's push to position itself as core infrastructure for onchain AI activity.
How the Staking Mechanism Works Under the new system, staked NEAR tokens are converted into compute credits that can be used to pay for AI services. Crucially, users do not lose their tokens in the process. Once they are done, they can unstake and receive their NEAR back in full. All payments are settled onchain, keeping the process transparent and verifiable.
The feature provides users with compute credits to access 43 models on NEAR AI across several providers including OpenAI, Anthropic, and Google. The breadth of model coverage signals that NEAR is targeting a wide range of AI use cases rather than locking users into a narrow set of tools.
Part of a Broader AI Infrastructure Push The AI staking launch fits into a wider strategic shift at NEAR. NEAR rolled out a suite of AI-focused products in 2026, including automatic PII anonymization for AI prompts, meaning that when an AI agent processes a user's request, personally identifiable information gets scrubbed before it ever touches inference infrastructure.
The protocol has also been expanding its privacy tooling. NEAR AI launched IronClaw, an open-source and verifiable AI agent runtime built in Rust and deployed inside an encrypted Trusted Execution Environment on NEAR AI Cloud, designed to enable autonomous agents with built-in privacy safeguards and controlled access to user assets and data.
NEAR's co-founder Illia Polosukhin has characterized the protocol as fundamental infrastructure for handling AI-driven commerce and execution. The new AI staking feature reinforces that thesis by creating a direct, token-based economic link between NEAR holders and AI compute demand. Tying AI access to a staking model rather than a direct spend model could encourage longer-term token lock-up while still giving users full utility from their holdings.
The move comes as competition in the onchain AI space intensifies, with protocols racing to offer credible, privacy-preserving alternatives to centralised AI providers.
Sources:
Crypto Briefing: NEAR Protocol targets AI-driven commerce with new products and tokenomics improvements
CoinDesk: Near Protocol to automate its own growth
Rarible po hlasování komunity rozšiřuje plnou infrastrukturu na Solanu; vývoj, integrace a bezpečnostní audity už běží. Plné spuštění má přijít do čtyř týdnů.
Community Vote Triggers Solana Expansion@Rarible, the multichain onchain commerce platform, is moving to deploy its full architecture on the @Solana blockchain after a decisive community mandate. The platform confirmed the decision publicly, stating: "We're kicking off the work to bring Rarible to Solana. Development, integrations, and security audits start now."
According to the announcement, technical integration and comprehensive security audits are currently underway, with a full rollout targeted within four weeks. The move marks a significant step for Rarible, which has steadily expanded its chain support over recent years and positions Solana as a priority destination for its next phase of growth.
A Multichain Platform Adding a High-Volume ChainRarible describes itself as the onchain commerce platform powering the future of digital asset trading, offering fast, multichain infrastructure that has been battle-tested over five years. The platform allows users to create, buy, and sell NFTs, while letting the community govern it through the $RARI token.
In 2026, Rarible operates as both a multichain marketplace and an aggregator layer, making chain choice a normal part of the NFT shopping experience rather than a separate workflow. Supported mainnet chains already include Ethereum, Base, HyperEVM, LightLink, Somnia, RARI Chain, Camp Network, and Arena-Z. Solana would be a notable addition given its scale in digital asset activity.
Rarible began supporting Solana NFTs in 2022, enabling users to buy and sell Solana tokens on its marketplace, but the forthcoming deployment marks a shift from passive chain support toward an active product built on Solana's consumer application layer. Most recently, Rarible launched Gacha Station on Solana, powered by Collector Crypt.
The four-week timeline is contingent on the outcome of ongoing security reviews. No further financial terms or partnership details have been disclosed at this stage.
Sources:
Rarible: Meet the New Rarible, Lightspeed Trading and Cross-Chain Rewards
Solana Compass: Rarible Gacha Station Launches on Solana via Collector Crypt
Inside Bitcoins: Rarible Launches On-Chain Storefronts
Granite Protocol byl zalistován na Borrow on Bitcoin. Na Stacks mohou uživatelé vložit sBTC jako zástavu a půjčit si USDCx s proměnlivou úrokovou sazbou 1,66 % APR.
Granite Protocol has been listed on Borrow on Bitcoin, adding another lending route for users who want to put Bitcoin-linked collateral to work without leaving the broader Bitcoin DeFi stack.
The listing centers on Granite’s Stacks-based lending market, where users can deposit sBTC collateral and borrow USDCx. The validated notes point to a variable borrow rate of 1.66% APR, along with features including isolated pools, soft liquidations, and no rehypothecation of user collateral.
The product is not available in the US, and that limitation matters.
Still, the listing is another sign that Bitcoin DeFi is becoming more specific. Instead of broad claims that Bitcoin can support DeFi one day, the market is now seeing comparison pages, lending markets, collateral routes, and user-facing products built around BTC-linked assets.
That does not mean Bitcoin DeFi has gone mainstream. It means the infrastructure is becoming easier to evaluate.
For more details, visit the official Granite platform.
TL;DR Granite Protocol has been listed on Borrow on Bitcoin. Users can deposit sBTC collateral on Stacks to borrow USDCx. The integration is a useful Bitcoin DeFi signal, but it should not be overstated as broad adoption. Bitcoin DeFi Needs Practical Products Bitcoin DeFi has always had a slightly awkward pitch.
Bitcoin is the largest crypto asset and the strongest store-of-value brand in the market, but most DeFi activity historically happened elsewhere. Ethereum, Solana, BNB Chain, and newer Layer 2 ecosystems built the lending markets, DEXs, stablecoin systems, yield protocols, and composable financial apps.
Bitcoin had the capital. Other chains had the app layer.
Stacks has been one of the ecosystems trying to close that gap by giving Bitcoin holders more ways to interact with DeFi-style products while keeping the narrative tied to BTC.
Granite’s Borrow on Bitcoin listing fits that direction.
It gives users another way to compare borrowing options, collateral terms, and risk models in a Bitcoin-linked environment.
The 1.66% APR Detail Gets Attention A 1.66% variable borrow rate is the kind of number that immediately attracts attention, especially if traders compare it with higher borrowing costs in other markets.
But the rate should be treated carefully.
Borrow rates can change. They depend on utilization, available liquidity, risk parameters, market demand, and protocol design. A low advertised rate is useful, but it is not a guarantee that conditions will remain the same.
The more important point is that Bitcoin DeFi products are starting to compete on familiar lending-market terms.
Users can ask practical questions: What collateral do I deposit? What stablecoin can I borrow? What happens in liquidation? Is the pool isolated? Is collateral rehypothecated? What jurisdictions are supported? Where is the liquidity coming from?
Those are normal DeFi questions, and that is progress.
Bitcoin DeFi becomes real when users can compare products by actual risk and cost, not just by slogans.
Why Soft Liquidations Matter The soft liquidation feature is important because liquidation design shapes user experience.
In traditional DeFi lending, a sharp move against collateral can trigger liquidation. If the system is aggressive, users may lose more than expected or have little time to react. Softer liquidation mechanics are designed to reduce the shock, though the exact effect depends on protocol design.
For Bitcoin-backed borrowing, liquidation risk is one of the main barriers.
Bitcoin holders often do not want to sell BTC, but they may want liquidity. Borrowing against BTC-linked collateral offers that route, but a sudden BTC drawdown can put the position at risk.
A product that emphasizes soft liquidations is trying to make that borrowing experience less brutal.
That does not eliminate risk. It just changes how the protocol handles stress.
No Rehypothecation Is A Custody Signal Granite’s no-rehypothecation claim is also worth noting.
Rehypothecation became a dirty word after the last cycle’s lending failures, where users learned that “earn” and “borrow” products often involved hidden layers of counterparty risk. If collateral is reused, lent onward, or tied into opaque strategies, users may be exposed to risks they did not understand.
A protocol that does not rehypothecate collateral is making a clearer custody and risk claim.
That does not make the system risk-free. Smart contract risk, oracle risk, liquidity risk, liquidation risk, bridge risk, and governance risk can still exist. But it does address one of the biggest trust problems from centralized lending.
Bitcoin users are usually especially sensitive to custody assumptions, so that design detail matters.
A Small But Useful Bitcoin DeFi Step The right way to read this listing is measured.
Granite landing on Borrow on Bitcoin does not prove that Bitcoin DeFi has reached escape velocity. It does not mean BTC holders are suddenly moving in size to Stacks lending markets. It does not make Bitcoin an Ethereum-style DeFi ecosystem overnight.
But it does show continued product formation.
Comparison indexes, collateralized lending markets, stablecoin borrowing routes, and clearer risk terms are the kind of boring infrastructure that needs to exist before larger adoption becomes possible.
Bitcoin DeFi will not grow through one headline. It will grow if users find products that are cheaper, safer, clearer, and more useful than the alternatives.
Granite’s listing is one more test of whether that market is starting to form.
This article is based on Granite Protocol and Borrow on Bitcoin product materials.
This article was written by the News Desk and edited by Samuel Rae.
Upbit 31. července zavede obchodování CFX vůči KRW, BTC a USDT najednou. Pro Conflux to znamená výrazné posílení likvidity a přímý výstup do KRW pro korejské držitele.
South Korea’s largest crypto exchange is about to introduce a lot of Korean retail traders to Conflux Network. Upbit will launch CFX trading pairs against the Korean Won, Bitcoin, and Tether simultaneously on July 31, with trading set to begin around 14:00 KST.
Three pairs at once is not the standard playbook. Most exchange listings start with a single base pair and expand later. Upbit going straight to KRW, BTC, and USDT coverage signals meaningful conviction in CFX’s liquidity potential, at least from the exchange’s perspective.
What Conflux actually is Conflux Network has a positioning that is genuinely unusual in the Layer 1 space. Founded in 2018 by academics with ties to Canadian institutions, the project describes itself as China’s only regulatory-compliant public blockchain.
That regulatory status gives Conflux a specific strategic lane. Where most global Layer 1 networks operate in a grey area with respect to Chinese regulators, Conflux sits in a sanctioned position, making it one of the few credible on-ramps for blockchain activity that wants exposure to the Chinese market without the associated legal risk.
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CFX, the network’s native token, handles transaction fees, staking, governance, and miner incentives. The token reached an all-time high of $1.70 in March 2021, and its market cap at the time of the Upbit listing announcement sat in the $212 to $213 million range.
Recent upgrades and institutional moves Conflux has not been sitting still ahead of this listing. The network integrated support for the Infini stablecoin on July 6, 2026, and brought on Fireblocks for institutional custody starting in June 2026.
Fireblocks is one of the most widely used institutional digital asset infrastructure providers, and its involvement signals that Conflux is actively courting the type of capital that requires enterprise-grade custody before it will touch a token.
The bigger technical event is still coming. The Conflux 3.0 upgrade, anticipated in August 2026, targets transaction throughput of 15,000 transactions per second.
The timing is notable. A major exchange listing at the end of July, followed by a significant protocol upgrade in August, creates a sequence that the market will be watching closely.
Why the Upbit listing matters for CFX Upbit, operated by Dunamu, is South Korea’s dominant exchange by trading volume. Korean retail participation in crypto markets is historically intense, and KRW-denominated trading pairs on Upbit tend to generate significant volume spikes around listing events.
What the listing does unambiguously provide is liquidity infrastructure. CFX holders in Korea now have a direct KRW exit ramp, which lowers friction for both buying and selling.
The three-pair structure also matters for arbitrage dynamics. CFX/KRW, CFX/BTC, and CFX/USDT trading simultaneously on Upbit creates multiple pricing references that traders will actively align across markets. That cross-pair activity typically contributes to price discovery and can reduce the spread between Upbit’s CFX price and CFX prices on other global venues.
Conflux’s regulatory positioning in China also remains a double-edged factor. It is a genuine differentiator, but Chinese regulatory environments have a track record of changing faster than most blockchain roadmaps can adapt to. Investors pricing in the China angle should treat that compliance status as an asset that requires ongoing maintenance rather than a permanent moat.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Alchemy Pay získala ve státě Michigan licenci Money Transmitter License (MTL) a rozšířila své regulované působení v USA na 19 států. Povolení posiluje její služby směny fiat měn na kryptoměny a kryptoměn na fiat měny.
Alchemy Pay, a renowned cryptocurrency-fiat payment gateway, is pleased to announce that it has successfully acquired a Money Transmitter License (MTL) in Michigan. The core objective of obtaining this license is to expand its regulated U.S. footprint to 19 states. This approval is going to open many new opportunities in terms of cryptocurrency conversion.
🔒#AlchemyPay has secured a Money Transmitter License (MTL) in Michigan, extending its regulated U.S. footprint to 19 states.
The latest approval marks our ongoing effort to establish compliant payment infrastructure across major U.S. economic regions and strengthen our ability… pic.twitter.com/Gm5lSQIM48
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 30, 2026 This license conveys a strong signal to various U.S. states that Alchemy Pay has the capacity to deliver its dedicated services to a large community for cryptocurrency conversion into fiat payments. On the other hand, this approval also justifies the acceptance of Alchemy Pay in different regions of the world, especially in the U.S. Alchemy Pay has shared this news through its official social media X account.
Alchemy Pay Strengthens U.S. Operations with Michigan Money Transmitter License The Michigan Money Transmitter License is basically a legal approval for smooth and registered businesses. It shows that this company, organization, or platform can deal with certain aspects carefully, in compliance with the fulfillment of legal requirements. It includes receiving, transmitting, or issuing payment infrastructure within the state. Alchemy Pay has updated technology to deal with matters with full attention.
Michigan is strategically much more important to establish the regulatory network of Alchemy Pay across the United States. Michigan is providing a base for authentication of Alchemy Pay services with the involvement of the technological ecosystem and within a highly connected payment infrastructure. Alchemy Pay has also been providing users with advanced-based services for a long time in history.
Reinforcing Blockchain Payment Services with U.S. Regulatory Milestone Alchemy Pay’s status of being connected with Michigan records is playing an important role in catching the attention of users across different areas of the world for its better performance. Alchemy Pay is much more focused on playing its role in the development and support of traditional finance and blockchain-based financial services.
The Michigan license further ensures Alchemy Pay’s ability to facilitate compliant fiat-to-crypto and crypto-to-fiat transactions. With the Michigan license approval, Alchemy Pay is moving one step forward to the development of next-generation blockchain infrastructure focused on stablecoin-based payments and settlement. Basically, Alchemy Pay is purposefully built to generate a strong connection between traditional and crypto payments across the whole world.
Alchemy also has secured Digital Currency Exchange Provider (DCEP) registration in Australia, Electronic Financial Business registration in South Korea, and admission to Switzerland’s Association for Quality Assurance of Financial Services (VQF) as a recognized Self-Regulatory Organization (SRO).
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.
IRS varuje držitele krypta před falešnými dopisy, které se vydávají za úřední výzvy a lákají na neexistující „Digital Asset Compliance Portal“. Úřad říká, že v oficiální korespondenci nepoužívá QR kódy.
Scammers Impersonate the IRS With Physical MailThe IRS's Criminal Investigation unit issued a fraud alert warning about scammers targeting cryptocurrency holders with convincing fake IRS letters. The alert, first reported by Bloomberg, marks a notable shift in tactics. While phishing and other digital scams are nothing new in the crypto industry, the use of physical mail appears to be a new tactic.
Fraudsters are sending counterfeit letters designed to look like official IRS correspondence, complete with references to real tax years and urgent-sounding deadlines, all directing recipients to a "Digital Asset Compliance Portal" that does not exist. The letters reference tax years spanning 2017 through 2026, giving them the appearance of a legitimate compliance notice covering a taxpayer's full digital asset history.
If victims scan the QR code included in the letter, they land on a page engineered to look exactly like a real government website, complete with an "official website of the United States government" banner and IRS-style branding. The site then asks users to select where they keep their crypto, from hardware wallets like Ledger and Trezor to exchanges like Coinbase, Kraken, and Binance. This allows scammers to learn which platform to impersonate when targeting the victim's account.
What the IRS Says and How to Stay SafeThe IRS confirmed that it does not operate a Digital Asset Compliance Portal, and said the emerging scam is designed to trick victims into disclosing sensitive financial and cryptocurrency account information. The agency's criminal investigation unit warned that scammers are using official-looking letters to bypass digital defenses.
"Criminals continue to exploit public trust in government agencies by creating convincing fake websites and official-looking correspondence," said IRS-CI chief Jarod Koopman. "Before responding to unexpected requests for personal information, stop, verify the source, and report potential fraud schemes to law enforcement."
The IRS has been clear about a few ground rules that should help distinguish real communications from fakes. The agency does not send QR codes in its official correspondence. If you receive a letter with one, that is your signal to stop and verify before doing anything else. Any legitimate IRS notice can be confirmed through the agency's official website, IRS.gov, or by calling the number listed on that site, not the number printed on a suspicious letter.
The IRS has previously sent letters to taxpayers regarding digital assets, and last year a surge in notices related to crypto reporting created confusion for thousands of taxpayers. Increasingly, the IRS has become accustomed to dealing with digital asset holders as it requires taxpayers to disclose crypto activity on their tax returns. Scammers appear to be exploiting that familiarity to make their fake correspondence more believable.
Sources:
Accounting Today: IRS warns crypto holders of fake letters
The Block: IRS warns crypto holders of fraudster sending fake letters
Coinbase Blog: A Fake IRS Digital Asset Compliance Portal Letter Is Targeting Crypto Holders
Ondo Finance zpřístupnila tokenizované akcie a ETF jako kolaterál pro Ondo Perps, takže je obchodníci mohou využít k páce bez prodeje držby. Firma uvádí, že kapitálové požadavky pro market makery mohou klesnout zhruba na polovinu.
Ondo Finance has opened access to tokenized stocks and exchange-traded fund (ETF) collateral for all users of Ondo Perps, except those in restricted jurisdictions. This upgrade allows traders to use their tokenized assets, such as SPYon and QQAon, as leverage for trading perpetual contracts linked to equities, indices, and commodities, rather than selling their current holdings.
Direct on-chain hedging and improved structureThe integration enables users to manage their positions and perpetual contracts within a single wallet, eliminating the need to use multiple brokerages for hedging. This advancement streamlines the process for both retail and institutional participants, including liquidity venues and market making firms, all of which interact through Ondo Finance’s platform, a blockchain-based protocol specializing in tokenized real-world assets.
Previously, trading equity perpetuals involved a structural inefficiency for market makers. To hedge a short position, such as on NVDA perpetuals, participants had to deposit stablecoins as margin on the platform while maintaining equivalent cash or stock positions at a traditional brokerage. This dual requirement effectively resulted in market makers funding the same exposure twice.
By allowing tokenized stocks and ETFs to be used as trading collateral, Ondo Finance seeks to consolidate risk management and collateral requirements into a single pool, optimizing capital deployment across its platform.
Mini dictionary: Ondo Finance is a blockchain platform focused on tokenizing real-world assets, including stocks, ETFs, and bonds, enabling both retail and institutional investors to gain blockchain-based exposure to traditional markets.
Previous Hedging ModelOndo Perps ModelMargin with stablecoins on crypto platform and cash/shares at external brokerage (dual funding)Tokenized stocks and ETFs held as collateral and for hedging within one platform (single pool)Higher capital locked, less efficientLower capital requirements, more efficientIndustry shift to real-world asset tokenizationInstitutional and retail demand for accessing traditional derivatives through blockchain-based platforms has led to a rise in the adoption of tokenized real-world assets (RWAs). By turning stocks and ETFs into tokens, Ondo Finance aims to increase capital efficiency and create new trading incentives for both professionals and individual investors.
Ondo Finance reported that, with the adoption of tokenized stocks as collateral, capital requirements for market makers could be reduced by approximately half. This change supports tighter spread pricing and higher returns for liquidity providers, potentially strengthening overall market efficiency on the platform.
Using tokenized equities as collateral, Ondo Finance aims to bring perpetuals markets closer to traditional derivatives venues and foster broader participation in equity-based trading.
Growth and liquidity impactThe platform’s tokenized stocks surpassed $1 billion in total value locked (TVL) within eight months of their launch. Ondo Finance stated that maintaining low trading costs may create a new liquidity dynamic that could make equity perpetuals more accessible and efficient, thus bridging the gap between decentralized and traditional markets.
As tokenization of traditional assets gains traction in institutional circles, the upgraded model may serve as a blueprint for future developments in blockchain-based derivatives trading.
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.
Block varuje uživatele Coldcard, aby okamžitě přesunuli Bitcoin z některých hardwarových peněženek po odhalení dvou kritických chyb. Podle firmy mohlo být zasaženo až 1 082,59 BTC.
Block has urged Bitcoin holders using Coldcard hardware wallets to immediately transfer their funds following the public disclosure of two major vulnerabilities impacting several Coldcard models. The call to action came after security teams at Block, a US-based technology and financial services company led by Jack Dorsey, received reports of Bitcoin thefts from wallets not affiliated with its own Bitkey product.
Critical vulnerabilities in Coldcard devicesBlock’s investigation identified severe security flaws in Coldcard Mk2, Mk3, Mk4, Q, and Mk5 models, hardware wallets produced by Coinkite. While Bitkey and other Block products remain unaffected, the vulnerabilities expose users of affected devices to significant risk, particularly those leveraging single-signature wallets.
Engineers explained that an initial attack wave exploited these flaws over a period of approximately one hour. Despite this brief window, researchers cautioned that the campaign may still be ongoing, with additional affected users potentially emerging.
The flaws reportedly impact both wallets protected with weak 25th-word passphrases and select multisignature configurations.
Block noted that single-signature wallets were the primary initial targets, but devices using weak passphrases or certain multisig arrangements could also be vulnerable to exploitation.
Technical details of wallet vulnerabilitiesThe first vulnerability is present in the Mk2 and Mk3 firmware. A coding mistake led to wallet creation processes that depended on predictable rather than sufficiently random hardware-generated values, undermining the security assumptions for generating private keys on these models.
Later models—Mk4, Q, and Mk5—were designed to strengthen entropy input during the device boot sequence using secure-element sources. However, the implementation reduced additional randomness to just 32 bits, leaving those wallets vulnerable as well.
Security experts warned that importing a seed created with affected firmware into another wallet does not eliminate the core risk, since the compromised seed remains inherently unsafe.
Mini dictionary: Entropy, in cryptography, refers to the measure of randomness collected by a system, which is critical for generating secure cryptographic keys. Insufficient entropy can make keys predictable and easier for attackers to compromise.
Response from Block and CoinkiteBlock stated that it shared the findings privately with Coinkite prior to the public announcement, aiming to give the manufacturer time to assess and manage the impact on Coldcard users.
Max Guise, a security engineer at Block, recommended rapid action from affected users. Writing on X, Guise urged anyone with potentially exposed wallets to move their funds as soon as it was safe to do so.
Max Guise emphasized the urgency, advising users to migrate their Bitcoin off vulnerable devices at the earliest safe opportunity.
Clay Garrett, another security engineer, highlighted that further investigation revealed 695 previous transactions displaying the same on-chain signature as the initial exploit, representing an additional loss of 488.11 BTC.
Block’s preliminary review suggests up to 1,082.59 BTC may have been stolen in total using these vulnerabilities.
Affected Device ModelsFlaw TypeEstimated Impact (BTC)Coldcard Mk2, Mk3Predictable wallet generationInitial exploitColdcard Mk4, Q, Mk5Weak entropy on boot (32 bits)Additional 488.11 BTCAll affected devicesCombined campaigns1,082.59 BTCDisclaimer: 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.
Klienti BlackRock nakoupili bitcoin za 183,41 milionu USD prostřednictvím iShares Bitcoin Trust (IBIT). Tím pokračuje série velkých přílivů do spotových bitcoinových ETF.
BlackRock clients just scooped up $183.41 million worth of Bitcoin, adding another data point to what’s become the most predictable pattern in crypto this year: institutional money flowing into BTC through regulated vehicles like it’s a subscription service.
The purchase, made through BlackRock’s iShares Bitcoin Trust (IBIT), is the latest in a string of nine-figure inflow days that have defined the firm’s Bitcoin strategy in 2026.
A pattern that’s hard to ignore On July 6, BlackRock clients invested $209 million into IBIT, which contributed to roughly $266 million in total US spot Bitcoin ETF inflows that day. BlackRock alone accounted for nearly 80% of all the institutional Bitcoin buying happening through ETFs on that single trading session.
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On July 15, clients purchased $139 million worth of Bitcoin via IBIT, and an additional $80.82 million inflow was recorded, representing 75% of that day’s total ETF flows.
Then around July 22, another $163 million purchase hit the books. Add in the latest $183M buy, and you’re looking at well over $700 million in IBIT inflows across just a handful of days in July alone.
On January 5, 2026, BlackRock clients acquired 3,948 BTC for $372 million. That single-day purchase earlier this year remains one of the largest on record for any spot Bitcoin ETF.
BlackRock’s Bitcoin empire by the numbers By mid-July, BlackRock had surpassed 734,000 BTC under its custodianship.
IBIT maintains an estimated 50-60% market share of all spot Bitcoin ETF assets in 2026. Every other spot Bitcoin ETF, from Fidelity’s FBTC to ARK’s ARKB, is competing for the remainder.
What this means for the market The risk worth noting is concentration. When one entity controls more than half of all ETF-based Bitcoin exposure, any change in BlackRock’s strategy, fee structure, or regulatory status could send shockwaves through the market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bhutan’s Gelephu Mindfulness City appointed Canadian digital-asset manager 3iQ on July 30 to manage a dedicated mandate backed by an undisclosed portion of its Bitcoin treasury.
Summary
3iQ will manage an undisclosed portion of Gelephu Mindfulness City’s Bitcoin treasury under the mandate. 10,000 BTC were pledged in December 2025 to support Gelephu’s long-term development and economic plans. 3iQ plans a long-term local presence, talent investment and knowledge transfer alongside treasury management operations. The agreement advances a national pledge to allocate up to 10,000 BTC to the special administrative region’s long-term development.
The parties said 3iQ will also establish a long-term presence in Gelephu, invest in Bhutanese talent and transfer investment-management knowledge. They did not disclose how much Bitcoin entered the mandate or when active management would begin.
3iQ mandate leaves key commercial terms undisclosed The company release provides no mandate value, management fee, custody provider or investment benchmark. It also does not say whether 3iQ may lend Bitcoin, use derivatives, post collateral or pursue yield strategies. Those omissions prevent an independent assessment of the mandate’s risk limits or expected returns.
3iQ chief executive Pascal St-Jean said the firm would put Bhutan’s capital to work “responsibly, transparently and for the long term.” That statement describes the company’s intended approach, not a verified performance outcome. GMC board director Jigdrel Singay called 3iQ a founding institutional partner for the city’s planned fund ecosystem.
The agreement connects GMC with Coincheck Group, whose shares trade on Nasdaq. Coincheck disclosed that it completed the acquisition of a 99.8% beneficial interest in 3iQ on February 28. St-Jean became Coincheck Group’s chief executive on April 1 while retaining his role at 3iQ.
Bhutan’s Bitcoin pledge enters its deployment phase Bhutan announced in December 2025 that up to 10,000 BTC from national holdings would support Gelephu’s development. GMC says the reserve was built by converting surplus hydroelectric power into Bitcoin and is intended to create jobs, develop technical skills and strengthen long-term financial resilience.
The official pledge says the Bitcoin is being put to work for national development rather than held for short-term speculation. The 3iQ appointment is the clearest disclosed step so far toward outside professional management, although the amount assigned to the firm remains unknown.
However, Bhutan has also explored collateralization, treasury management and risk-managed yield as possible tools for the broader pledge. GMC rejected claims that earlier transfers from Bhutan-linked wallets represented sales from Bitcoin committed to the city’s strategic reserves.
Gelephu’s rules require clarity on 3iQ’s local role Gelephu’s Financial Services Office regulates traditional finance and virtual-asset activity inside the special administrative region. Its rules require firms carrying out regulated services, including asset management, to obtain a financial services licence before beginning local operations.
The regulator’s public directory did not list an entity named 3iQ on July 31. That absence does not prove that the mandate requires a separate GMC licence or that no application is pending. The partnership announcement did not identify a licensed local entity or explain the regulatory structure under which 3iQ will operate.
The directory currently includes seven approved firms, with 8020 Finance authorized to manage assets from July 23. GMC has also introduced an accelerated pathway for firms already supervised in recognized foreign financial centers, but local regulators retain responsibility for final approval.
Further milestones will define the treasury strategy 3iQ and GMC said this agreement is the first of several milestones they plan to announce over the coming months. Expected steps include building a local team, establishing operations and developing an institutional fund ecosystem, but the parties provided no formal timetable.
Future disclosures will need to show the Bitcoin amount under management, custody controls, permitted trading strategies and reporting standards. Any use of leverage, lending or collateral would also require clear risk limits because losses or counterparty failures could affect assets committed to national development.
Until those details are released, the agreement confirms a manager and a strategic direction rather than a fully disclosed investment program. Its progress will be measured by regulatory approvals, operational launches and transparent reporting on how Bhutan’s Bitcoin supports Gelephu’s development.
Spoluzakladatel Zcash Zooko Wilcox uvedl, že aktuální zásoba ZEC činí přesně 16 848 458 a je plně ověřitelná na lokálním počítači. Tím odmítl obavy z neodhalené inflace.
Zcash co-founder Zooko Wilcox has pushed back against concerns over undisclosed $ZEC inflation, stating that the current supply stands at exactly 16,848,458 ZEC and is fully verifiable by anyone who wants to check it. He added that independent confirmation does not require months or years of waiting and can be done on a local computer.
The Background: Orchard Vulnerability Shook ConfidenceThe remarks come after a turbulent stretch for Zcash. The vulnerability was discovered on May 29, 2026, by security researcher Taylor Hornby, contracted by Shielded Labs, using an AI-assisted auditing framework with Anthropic's Opus 4.8 model. The issue resided in the elliptic-curve components of the Halo 2 proving system used for Orchard transactions and could theoretically have permitted the undetectable creation of counterfeit notes inside the private pool. Because Orchard transactions conceal amounts and participants, cryptographic methods alone could not definitively confirm whether the flaw had been exploited prior to remediation.
According to the Zcash Foundation, there is no evidence of exploitation or unauthorized value creation. ZEC experienced an intraday drop of roughly 37%, then recovered much of the loss, per market reports.
Ironwood: Building Toward Verifiable SupplyThe core concern was not whether the vulnerability had been fixed, but that the network could not prove the flaw was never exploited in the four years it existed, casting doubt on supply credibility.
Zcash has activated its Ironwood (NU6.3) upgrade, sealing the Orchard shielded pool that held about 3.66 million ZEC and opening a new private pool that starts with zero coins. Ironwood's main supply safeguard is a turnstile between Orchard and the new pool. After activation, Orchard stopped accepting new outputs and internal transactions. Funds can move out, but the accounting rule prevents more ZEC from leaving Orchard than the amount that legitimately entered it.
A machine-checked mathematical proof consisting of more than 2,700 theorems confirms Ironwood cannot create undetectable counterfeit ZEC under its design assumptions. Project Tachyon is running formal verification on the new Ironwood circuits to produce machine-checked proofs in addition to manual review. If completed at scale, it would be the first formal proof of this kind for a deployed shielded pool.
Wilcox's latest comments reinforce the same message: the current $ZEC supply is knowable, auditable, and does not require extraordinary effort or time to confirm.
Sources:
CoinDesk: Zcash Ironwood Goes Live
Cryptonomist: Zcash Ironwood Upgrade Secures Network with Verified Shielded Pool
Crowdfund Insider: Zcash Launches Ironwood Upgrade Following Orchard Security Vulnerability
Fifth distribution kicks off July 31FTX is set to begin its fifth creditor distribution on July 31, sending approximately $900 million to eligible claim holders. The payout covers holders of allowed claims in the Convenience and Non-Convenience Classes who completed pre-distribution requirements by the June 16, 2026 record date. Eligible creditors should expect to receive funds from their selected distribution service provider, either @BitGo, @krakenfx, or @Payoneer, within one to three business days from July 31.
The payout lifts cumulative recoveries to 105% for Dotcom and U.S. customer entitlement claims and 103% for general unsecured and digital asset loan claims. Convenience class claims reach 120% cumulative recovery. Passing 100% is rare in bankruptcy. Most collapsed exchanges pay back only a fraction. Here, FTX repaid the full claim and then added interest on top.
Six-month deadline and excluded creditorsThe distribution also starts a countdown for those who have not yet completed onboarding. Allowed claim holders who fail to finish the process within six months of July 31 may forfeit their distribution rights entirely. Meanwhile, creditors in 45 jurisdictions still have no approved provider available to onboard with, leaving a portion of the global creditor base in limbo.
Claimants must complete pre-distribution requirements including KYC verification and tax forms before they can receive funds. Some creditors have criticized the pace of the process, pointing to KYC hurdles and delays for international claimants.
Cumulative distributions to creditors have now surpassed $10 billion since payouts began in early 2025. Prior rounds delivered roughly $1.2 billion in February 2025, $5 billion in May 2025, $1.6 billion in September 2025, and $2.2 billion in March 2026. Also on July 31, $18 million is to be paid to eligible preferred equity holders, bringing total payments from the Preferred Shareholder Remission Fund Trust to $95 million.
FTX Official Press Release via PR Newswire: Fifth Distribution Announcement | Bitcoin.com News: FTX Fifth Distribution Details | CryptoNews: FTX to Pay $900M to Creditors on July 31 in Fifth Round
Hyperliquid Perps za posledních 24 hodin vygeneroval asi 2,6 milionu USD na poplatcích za protokol a překonal Uniswap V3 s 2,5 milionu USD. HYPE zároveň za den klesl o 2,01 % na zhruba 53,77 USD.
Hyperliquid, a decentralized trading platform, has seen its native token HYPE undergo a notable market correction as traders monitor a significant support level for potential accumulation. The platform has recently surpassed Uniswap V3 in daily protocol fees, indicating a rise in adoption and reinforcing its growing influence in the decentralized finance sector.
HYPE price correction draws trader interestAt present, HYPE trades near $53.77, with a 24-hour trading volume of $370.43 million and a total market capitalization of $13.58 billion. The token dropped by 2.01% in the past day, continuing a decline from its recent high around $77. Nevertheless, both its structural price trend and increasing network activity have led some analysts to suggest a bullish reversal may be forming.
Analyst Crypto Patel noted that HYPE entered a sharp correction after climbing above $70, a range he had previously identified as risky for new buyers. With the latest decline, market participants are now watching the $53 price level and considering whether it could provide a foundation for longer-term growth.
Technical analysis currently highlights the 0.5-0.618 Fibonacci zone, with support between $40 and $34, as a likely area for accumulation. If HYPE maintains its price above this zone, the upward trend could continue, with the potential to revisit its all-time high and possibly move toward the $100 to $150 range.
Technical analysts point to the $40–$34 range as a strategic support zone, suggesting that sustained buying pressure here could pave the way for HYPE to challenge previous highs and explore new price territories.
Protocol fees surge as adoption growsHyperliquid has expanded its presence within decentralized finance, supported by data from MSB Intel. Over the past 24 hours, Hyperliquid Perps generated approximately $2.6 million in protocol fees, outpacing Uniswap V3, which recorded $2.5 million in the same period.
This milestone highlights the shifting landscape in decentralized trading, with an increasing number of users opting for platforms that offer high liquidity and active trading features. The achievement is regarded by some industry observers as an indication of Hyperliquid’s strengthening market position compared to longstanding competitors.
Mini dictionary: Hyperliquid, founded as a decentralized derivatives exchange, specializes in perpetual futures contracts, enabling users to trade with leverage and high liquidity across various crypto assets while maintaining full custody of their funds.
Platform24h Protocol FeesHyperliquid Perps$2.6 millionUniswap V3$2.5 millionOutlook for HYPE price and network momentumAlthough HYPE’s price trajectory remains downward, the broader cryptocurrency market is showing signs of improvement. A recovery in HYPE may depend on its ability to maintain current support levels, combined with continued protocol income and heightened user adoption.
If positive market trends persist, HYPE could aim to regain its previous peak and possibly advance further. The pattern of rising protocol fees and growing interest from traders suggests the platform is well positioned to expand its footprint in the sector.
Momentum in protocol revenue and increased user activity are seen as key contributors to future price appreciation, should market conditions remain stable.
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.
Sui spustilo USDsui, stablecoin krytý rezervami, jehož výnosy z amerických státních dluhopisů a dalších likvidních aktiv se vracejí do ekosystému prostřednictvím buybacků SUI a DeFi pobídek. SUI po spuštění přidal 3,86 %.
Here’s how stablecoins usually work: an issuer like Circle or Tether holds reserves in Treasury bonds, earns billions in yield, and keeps that money. Full stop. The blockchain those stablecoins live on gets nothing. Sui looked at that arrangement and decided it was leaving money on the table.
The Layer 1 network’s native stablecoin, USDsui, takes a fundamentally different approach. The yield generated from its reserve assets, which include US Treasury bonds and other liquid instruments, gets recycled directly back into the Sui ecosystem through open-market buybacks of SUI tokens and DeFi liquidity incentives.
The flywheel thesis The stablecoin is fully collateralized, not algorithmic. USDsui’s backing comes from traditional financial instruments, with issuance handled by Bridge, a firm that Stripe acquired.
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Mysten Labs co-founder Adeniyi Abiodun framed the strategy as a way to close the value-extraction gap that has long defined the stablecoin sector.
“That yield effectively can get funneled back from the foundation straight to the Sui ecosystem.”
In English: instead of Tether pocketing $6 billion a year in profits while the chains hosting USDT see none of it, Sui wants to capture that economic value and redirect it toward its own token holders and DeFi participants.
The numbers behind the bet Sui didn’t launch USDsui into a vacuum. The network had already processed over $1 trillion in cumulative stablecoin transfers before the new token went live. January 2026 alone saw $111 billion in stablecoin volume flow through the chain.
The market’s initial verdict was cautiously optimistic. SUI’s token price climbed 3.86% on USDsui’s launch day.
The buyback mechanism works in two directions. Purchased SUI tokens can either be effectively removed from circulating supply or redeployed into DeFi liquidity pools and automated market makers.
Why this model could matter beyond Sui Bridge’s involvement, and by extension Stripe’s, adds a layer of institutional credibility that most chain-native stablecoins lack.
For investors watching this space, the key metric to track isn’t SUI’s price on any given day. It’s USDsui’s circulating supply over time. The buyback mechanism’s firepower is directly proportional to how much USDsui is actually in circulation. A stablecoin with $100 million in reserves generating 4-5% yield from Treasuries produces maybe $4-5 million annually for buybacks. A stablecoin with $10 billion in reserves producing $400-500 million annually in buyback pressure is a different conversation entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ondo Finance eyes acquisition worth up to $500 million. (Frederick Warren/Unsplash)Summary
Ondo Finance is evaluating a potential $250 million-$500 million acquisition, according to a person with knowledge of the matter.Formal advisers have not been appointed, the person said, as the tokenized-assets firm weighs expansion through M&A.Crypto dealmaking remains robust in 2026, with tokenization and institutional infrastructure among the hottest acquisition targets as firms seek scale.Tokenized asset specialist Ondo Finance is evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the matter.
The New York-based company is considering wealthtech targets, among other subsectors, said the person, who spoke on condition of anonymity because the matter is private.
Ondo has not yet appointed any formal advisers, the person said.
Founded in 2021 by former Goldman Sachs executives, Ondo Finance is a tokenization platform that brings traditional financial assets onchain. The company issues tokenized U.S. Treasuries and stocks and has become one of the largest providers of tokenized real-world assets, with more than $3.5 billion across its products.
“As a fast-growing company, Ondo regularly evaluates the market as part of normal business operations. We are not in conversations with any party at this time,” an Ondo representative said in emailed comments to CoinDesk.
Crypto dealmaking has remained strong in 2026 as traditional financial firms and larger digital-asset companies use acquisitions to add licenses, technology and distribution.
The sector recorded 89 transactions worth $3.2 billion in the first quarter, followed by $12.9 billion of disclosed deal value in the second, the second-highest quarterly total on record, according to Architect Partners. Payments, stablecoins, custody, tokenization and institutional trading infrastructure have emerged as key targets as companies seek scale and a wider range of product offerings.
Recent transactions include Keyrock's acquisition of BlockFills' trading and brokerage assets, Kraken's $550 million purchase of Bitnomial, and CoinDesk owner Bullish buying investment platform Equiniti for $4.2 billion.
Ondo has raised just $24 million in venture funding since its founding, supplemented by a roughly $10 million public ONDO token sale. This makes it one of crypto's most capital-efficient infrastructure companies despite managing billions of dollars in tokenized assets.
ONDO was trading 6% higher over 24 hours, around $0.42 at publication time.
Read more: Crypto market maker B2C2 held sale talks with multiple potential buyers
UPDATE (July 30, 20:33 UTC): Updates TVL data in fourth paragraph.
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Anvil: The Missing Collateral Layer
Anvil: The Missing Collateral Layer
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Jul 29, 2026
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Hyperliquid od dubna získal z prioritních poplatků 5,07 mil. USD a annualizované výnosy dosáhly 33,5 mil. USD. Zároveň institucionální peněženky posílaly HYPE na burzy, což zvyšuje krátkodobý prodejní tlak.
Hyperliquid [HYPE] is changing how crypto exchanges generate revenue by placing a value on execution speed rather than trading activity alone.
Meanwhile, as competition for swift order placement increases, traders are paying priority fees to improve queue positions and secure earlier execution. This new revenue stream does not alter their existing fee structure. Therefore, it provides the best option for highly liquid markets.
The approach is already gaining momentum. Since April, priority fees have generated $5.07 million, including $2.75 million during the past thirty days, while annualized revenue has reached $33.5 million.
Source: Blockworks on X Over the same period, Hyperliquid processed $196.3 billion in perpetual trading volume, producing $53.77 million in fees and $37.46 million in protocol revenue, according to DeFiLlama data.
As execution demand grows, the exchange is expanding its revenue streams, extending beyond traditional maker-taker fees, strengthening its long-term business model.
Institutional selling pressure persists Despite Hyperliquid expanding its revenue base, institutional wallets continue to increase near-term supply on exchanges.
Recent on-chain transfers show Multicoin Capital depositing 137,100 HYPE worth $7.51 million into Coinbase Prime. Similarly, Bitwise moved another 22,463 HYPE, valued at $1.23 million, to Coinbase.
Source: LookOnChain on X Together, those transfers exceeded $8.7 million, extending a broader pattern of exchange inflows from institutional holders. Although deposits do not guarantee immediate selling, repeated transfers from the same entities often signal preparation to distribute holdings rather than keep them in long-term storage.
As more HYPE tokens move to exchange wallets, selling pressure may rise in the short term. As a result, this would create temporary price headwinds despite Hyperliquid’s improving revenue fundamentals.
HYPE revenue growth faces a market test Institutional selling has shifted the market’s attention from Hyperliquid’s earnings to its available token supply. That explains why stronger protocol performance has not yet translated into stronger price action.
Those figures indicate healthy trading volumes and increasing revenue potential for the Hyperliquid protocol. However, despite these milestones, at press time, HYPE traded around $54.02, roughly 30% below its June peak of $76.70 and down about 18% over the past month.
That divergence suggests investors remain cautious because exchange inflows have increased the amount of HYPE available for sale.
Until buyers absorb that additional supply, stronger earnings alone may struggle to drive a sustained recovery. Once selling pressure eases, however, the protocol’s growing revenue base is likely to play a larger role in shaping valuation.
Final Summary Hyperliquid is expanding its revenue model through priority fees, strengthening protocol earnings beyond traditional trading fees. HYPEnow depends on organic demand absorbing institutional selling before stronger protocol earnings can support a sustained recovery.
Michael Saylor naznačil, že Strategy ($MSTR) bude potřebovat „další barvu“, poté co firma pět týdnů po sobě nekoupila bitcoin. Poslední nákup činil 520 BTC.
Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy and trading under the ticker $MSTR), has once again captured the attention of Bitcoin enthusiasts and investors with a cryptic social media update.
On Sunday, July 26, 2026, he shared the company’s familiar Bitcoin acquisition tracker chart on X, accompanied by the simple yet intriguing caption: “We’re gonna need another color.”
This post marks the fifth consecutive weekly appearance of the tracker graphic since Strategy’s most recent disclosed Bitcoin purchase.
That last acquisition occurred in the period ending around June 22, when the firm added a modest 520 BTC.
In the four weeks that followed, Strategy’s Monday regulatory filings revealed no new Bitcoin buys.
Instead, the company focused on selling shares of its common stock, building up its US dollar cash reserves, and, in one notable instance, executing its largest Bitcoin sale to date.
The chart itself illustrates the scale of Strategy’s long-running accumulation strategy.
It displays 113 separate purchase events that have brought the company’s total holdings to 843,775 BTC.
These coins were acquired at an average cost of approximately $75,476 each, representing a cumulative outlay of roughly $63.69 billion.
With Bitcoin trading near the mid-$64,000 to mid-$65,000 range at the time of the post, the position sat about $9 billion underwater on an unrealized basis. Saylor has long used color coding in these Sunday posts as a form of visual communication with the market.
We’re gonna need another color. pic.twitter.com/AqZO5UeXDx
— Michael Saylor (@saylor) July 26, 2026
Orange markers have traditionally represented Bitcoin purchases, while green has previously signaled the addition of dollar reserves.
The suggestion that “another color” is now required comes as the orange dots densely fill the graphic, reflecting years of aggressive buying.
Market observers interpret the comment as a possible hint that Strategy may be preparing to track a new category of activity—whether resumed Bitcoin accumulation under a different framework, further expansion of cash holdings, preferred-share related moves, or another balance-sheet development under the firm’s recently updated capital allocation approach.
In recent weeks, Strategy has prioritized strengthening its liquidity position.
The latest filing showed the company raising $263.5 million through share sales, lifting its dollar reserve above $3.2 billion.
This cash buffer helps cover preferred stock dividend obligations without forcing sales of Bitcoin.
The firm still retains substantial capacity to issue additional equity if needed.
The pause in buying represents a notable shift for a company that built its reputation as the largest corporate Bitcoin treasury.
For much of the past several years, Saylor’s Sunday chart posts reliably foreshadowed Monday purchase announcements.
That pattern has loosened as Strategy adapts to lower Bitcoin prices, the need for dividend coverage, and a more disciplined capital framework introduced in late June.
Investors continue to watch closely for the next disclosure.
Whether the “another color” remark from Michael Saylor now signals an imminent return to a digital assets accumulation strategy, a new visual representation of existing reserves, or an entirely different strategic pivot remains to be seen. What is clear is that Saylor continues to keep the market engaged through these carefully timed, visually driven messages.
Strategy vykázala ve 2. čtvrtletí provozní ztrátu 8,33 miliardy USD, protože pokles Bitcoinu letos o 27 % snížil hodnotu jejích držeb. Hodnota 843 775 BTC klesla na 54,77 miliardy USD, tedy pod pořizovací cenu 63,69 miliardy USD.
Strategy reported an $8.33 billion second-quarter operating loss after Bitcoin’s 27% decline this year drove a sharp reduction in the value of its digital asset portfolio.
Summary
Strategy recorded an $8.32 billion unrealized digital asset loss during the second quarter. Its 843,775 BTC were worth $54.77 billion, below their $63.69 billion acquisition cost. The company posted an $8.22 billion net loss, equal to $24.45 per diluted share. A $3.75 billion dollar reserve provides 2.1 years of preferred dividend coverage under Strategy’s policy. Strategy’s Bitcoin decline drives $8.33B loss Bitcoin traded near $64,700 following Strategy’s earnings announcement, down from approximately $88,400 at the end of 2025. That decline left the company’s holdings valued below their aggregate purchase cost.
Strategy recorded an $8.32 billion unrealized loss on digital assets during the quarter, contributing to an operating loss of $8.33 billion. The results reversed the $14.05 billion unrealized gain recorded in the same quarter a year earlier.
The company reported a net loss of $8.22 billion, or $24.45 per diluted common share. Strategy posted net income of $10.02 billion, or $32.60 per share, during the comparable period last year.
Strategy shares were mostly unchanged in after-hours trading following the earnings release, suggesting investors had largely expected Bitcoin’s decline to weigh on the results.
Bitcoin holdings fall below Strategy’s acquisition cost Strategy held 843,775 BTC as of July 26, an increase of 25% since the start of the year. The position had an original cost of $63.69 billion, including fees and expenses, and a market value of $54.77 billion.
Its average purchase price stood at approximately $75,476 per Bitcoin. With BTC trading near $64,700 after the report, the company’s position was about $10,776 underwater per coin based on its average acquisition cost.
The gap placed the total portfolio roughly $8.92 billion below its original cost. However, the reported quarterly loss was largely unrealized, meaning it reflected changes in Bitcoin’s market value rather than losses from selling the full position.
As crypto.news reported earlier, Strategy made no Bitcoin purchases between July 20 and July 26. Its total holdings remained unchanged at 843,775 BTC during that period.
The company has nevertheless sold approximately $218.4 million in Bitcoin this year to help fund preferred stock dividends. Those sales remain small relative to its overall digital asset reserve but show that Strategy is using part of the portfolio to meet financing obligations.
Strategy raises cash while reducing convertible debt Strategy’s core software business generated quarterly revenue of $122.4 million, up 6.9% from $114.5 million a year earlier. Gross profit reached $81.6 million, representing a margin of 66.6%.
The company raised $17.06 billion through its capital markets programs during the year and reported a Bitcoin yield of 4.5%. That internal metric measures the change in Bitcoin held per assumed diluted share and does not represent a conventional investment yield.
Strategy also cut its convertible debt by 18% to $6.71 billion after repurchasing $1.5 billion of notes at a discount. The move reduced part of the company’s debt burden as lower Bitcoin prices placed pressure on its balance sheet.
Its U.S. dollar reserve rose by $525 million to $3.75 billion. Strategy said the reserve provides 2.1 years of coverage for preferred stock dividends under its current policy, although the calculation does not guarantee payments under every market condition.
Separate $1 billion repurchase programs have also been established for Strategy’s common shares and digital credit securities. The programs give the company the option to buy back securities but do not require it to use the full authorized amounts.
What the results mean for US investors Strategy remains one of the largest publicly traded corporate Bitcoin holders, giving U.S. investors indirect exposure to BTC through its securities. Its shares can respond to Bitcoin prices as well as debt costs, equity issuance, preferred dividends and changes in the company’s capital structure.
The second-quarter loss shows how Bitcoin volatility can produce large swings in reported earnings. Strategy moved from a $14.05 billion unrealized digital asset gain a year earlier to an $8.32 billion unrealized loss this quarter.
Its increased cash reserve and lower convertible debt provide additional financial flexibility, but Bitcoin remains below the company’s average purchase price. Further declines could deepen unrealized losses, while a recovery above $75,476 would move the portfolio back above its aggregate acquisition cost.
XRP čelí utahující se nabídce: Binance hlásí rekordní odlivy a americké spotové ETF od spuštění zaznamenaly čisté přílivy 1,5 miliardy USD. Podle článku to ukazuje na silnou akumulaci mezi retailovými i institucionálními investory.
XRP is experiencing a significant supply squeeze, with investors across the spectrum accumulating the asset at an accelerating pace. Recent on-chain data shows Binance recorded the highest-ever number of XRP withdrawals, while spot XRP exchange-traded funds (ETFs) in the United States have absorbed $1.5 billion in net inflows since their launch last November.
Record exchange withdrawals across investor segmentsBlockchain researcher BankXRP, referencing figures from CryptoQuant, reported that XRP outflows from Binance reached unprecedented levels. Notably, these withdrawals are occurring across a diverse range of wallet sizes, extending from retail holders with smaller balances to large investors managing multi-million dollar positions.
This broad-based outflow signals growing confidence in XRP’s prospects among both small-scale and major investors, even as the token trades below its 2025 peak. Typically, sustained movement of digital assets away from exchanges is interpreted as a bullish sign, reducing the pool of tokens available for immediate sale and hinting at longer-term accumulation strategies.
As exchange reserves drop, analysts state that liquidity tightens, which could intensify price action if further demand emerges. Exchange outflows may serve as a precursor to greater market volatility should the buying trend continue.
Withdrawals have accelerated across nearly every wallet tier, from holders with less than 1,000 XRP to high-net-worth investors moving millions of dollars’ worth of tokens. Such broad participation suggests confidence in XRP’s long-term outlook is strengthening across the market, even as the asset remains below its 2025 peak.
ETFs and regulated platforms fuel institutional accumulationInstitutional activity has also reinforced the tightening market conditions. Data shared by Evernorth, drawing from SoSoValue, put net inflows into US spot XRP ETFs at approximately $1.5 billion by July 28, 2026. While redemptions occur periodically, outflows have been relatively minor. For instance, the largest weekly outflow so far this year was just $7 million—highlighting persistent long-term interest from institutional investors.
Recent ETF filings confirm this pattern as Franklin Templeton’s clients increased their XRP holdings by $5.66 million, suggesting that institutional participants are taking advantage of price consolidations to further build their exposure rather than exit positions.
Global adoption of XRP continues to expand as well, with Hong Kong granting regulatory approval to its first retail trading platform for XRP. This expansion not only boosts access for investors in Asia but also aligns with ongoing efforts to establish the region as a major digital asset hub.
Rising options for direct asset accessIn tandem with these trends, market participants have begun to seek more efficient methods to diversify and manage their crypto portfolios. Integrated platforms such as 1stepSwap now enable users to seamlessly connect traditional finance with the blockchain ecosystem. With 1stepSwap, investors can bring real-world assets like shares of major US companies or commodities such as gold and silver directly into their wallets, bypassing complex processes and intermediaries. The platform’s unique advantage lies in automatically sourcing the best price across the market for every trade, allowing users to swiftly and efficiently allocate their capital while accessing a broader range of assets.
Tightening market and future outlookThe combination of record withdrawals from exchanges, steady ETF accumulation, and the expansion of regulated trading options has created a much tighter XRP supply landscape. With options to directly access and manage both crypto and traditional assets growing, the market structure for XRP is evolving toward greater sophistication and diversity.
Analysts are closely monitoring these dynamics, suggesting that if the supply constraints continue while demand increases, XRP could be positioned for a sustained period of long-term accumulation. The strengthening conviction among both retail and institutional investors points to a new chapter for the token, centered on reduced liquidity and rising market participation.
With record exchange withdrawals reducing liquid supply, ETFs steadily absorbing available XRP, and regulated access expanding worldwide, the market is increasingly setting up for a tighter supply-demand balance.
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.
It has been 11 years since the network behind the world's largest altcoin launched. Here's what happened since.
Ethereum’s (ETH) genesis block turned 11 on July 30, closing quite a busy year. The network now runs on a 60 million gas limit, double where it sat two years ago, with rollups carrying roughly 95% of its transactions.
On the morning of the anniversary, blocks were landing about 229 transactions each, close to 21 per second on the base layer, and running 55% full. The base fee sat near 5.3 gwei, which works out to about $0.20 for a plain ETH transfer, $0.52 for an ERC-20 transfer, and $3.79 for a swap, according to data from Etherscan.
Scaling and ETFs The fund wrappers arrived alongside the scaling. Morgan Stanley began trading the cheapest US ether ETP at a 0.14% expense ratio on Tuesday, staking 50% to 80% of its holdings and passing the rewards through.
Likewise, BlackRock’s ETHB holds spot ETH and stakes a portion of it, the firm’s first crypto fund to do so. Both lean on Revenue Procedure 2025-31, the safe harbor letting exchange-traded products stake and distribute rewards without a separate tax charge.
Two upgrades are queued for this year: Glamsterdam and Hegotá. The 2026 protocol roadmap sets three tracks – scaling, user experience, and hardening the base layer – and targets a gas limit beyond 100 million per block, and names post-quantum readiness a consideration across protocol development.
Despite all of this, it has been a painful year for the native token. ETH traded at $1,920 on July 30, down 49% over the 12 months to the anniversary and 61% below the $4,946 record it set on August 24, 2025. Its market capitalization stood at $231 billion across 120.7 million coins, second behind Bitcoin.
Two Directors Out in Five Months The network had some interesting developments, and the overall project managed to thrive, despite all the duress the Ethereum Foundation (EF) went through recently.
You may also like: Why Is Lido Moving $16B in Staked ETH to Pectra-Era Validators? Ethereum Could Hit $20K as Multi-Year BTC Base Completes: Analyst Tom Lee’s Bitmine Keeps Buying Ethereum, Treasury Nears 5.8 Million ETH Around 54 colleagues had departed, close to 20% of its workforce, and reorganized what remained into five clusters covering the protocol, access, user, community and institutional layers, plus operations and management.
Investor Ryan Berckmans, an eight-year figure in the community, attributed the wider wave of exits to disagreements over sub-strategies. He said confidence in the network itself was not the reason. Researchers Carl Beek, Julian Ma, Barnabé Monnot, Tim Beiko, Trent Van Epps and Josh Stark all left during the same stretch.
Tomasz Stańczak stepped down as co-executive director on February 13, effective immediately, with Bastian Aue named interim co-executive director. The board said Stańczak left “after extensive contributions to the Foundation’s mission and operations.”
Hsiao-Wei Wang resigned as co-executive director and board member in June, writing that she had decided to step down “after my sabbatical.” That leaves Vitalik Buterin, Patrick Storchenegger and Aya Miyaguchi on the board.
Quantum Solutions prodala dalších 1 000 ETH a zvýšila maximální povolený objem prodejů na 4 375 ETH, aby financovala datová centra pro AI. Většina zbývajících ETH je navíc zastavena jako zástava úvěru.
Quantum Solutions has expanded its Ethereum sale program to finance AI infrastructure rather than retain crypto reserves. The company sold another 1,000 ETH and can now dispose of up to 4,375 ETH under its revised policy. Most of its remaining Ethereum holdings are pledged as loan collateral, limiting future sale flexibility.
The move reflects a strategic shift from treasury management toward funding long-term operating assets. The Japanese technology company said its board has increased the maximum amount of Ethereum authorized for sale from 1,875 ETH to 4,375 ETH, while subsidiary GPT Pals Studio sold an additional 1,000 ETH on July 30.
The proceeds will help fund the company’s AI Infrastructure Data Center (AIDC) business.
Treasury Strategy Shifts From Holding ETH to Funding AI The latest transaction builds on a funding strategy announced in June, when Quantum Solutions first disclosed plans to sell part of its Ethereum treasury to finance the rollout of its AI infrastructure business.
The company said the additional authorization was approved to provide greater flexibility as spending requirements evolve during the project’s build-out. Management emphasized that raising the sale ceiling does not represent a commitment to immediately dispose of the full amount, with future transactions remaining dependent on market conditions, Ethereum prices and capital requirements.
Treasury Metric Status / Details Maximum authorized ETH sales 4,375 ETH ETH sold since June 1,904 ETH Latest transaction 1,000 ETH Remaining ETH holdings 4,764.8 ETH ETH pledged as collateral 3,050 ETH ETH not pledged 1,714.8 ETH Primary use of proceeds Nvidia B300 and GB300 AI infrastructure Collateral Limits How Much Ethereum Can Be Monetized Although Quantum Solutions still holds nearly 4,800 ETH, much of that treasury is already tied to its financing arrangements.
The company disclosed that 3,050 ETH remains pledged as collateral under an existing borrowing facility with a Singapore-based financial services provider, leaving roughly 1,715 ETH available outside the collateral structure.
While additional sales remain possible under the revised authorization, the collateral position limits the amount of Ethereum that can be readily converted into cash without changes to the company’s financing arrangements.
The latest sale generated approximately $1.9 million in proceeds after transaction fees. Because the disposal price of $1,903 per ETH was below the carrying value established during the company’s latest mark-to-market valuation, Quantum Solutions expects to recognize an accounting loss of roughly JPY 17 million during the second quarter of its fiscal year ending February 2027. The charge reflects accounting treatment rather than operating cash flow, as the proceeds remain available to fund the AI project.
A Capital Allocation Bet on AI Rather Than Crypto Appreciation The transaction represents more than a routine treasury rebalance. It reflects a decision to exchange a liquid digital asset for physical computing infrastructure expected to generate future operating revenue.
That trade-off carries both opportunity and risk. Ethereum remains a volatile asset whose value could appreciate if cryptocurrency markets strengthen, while high-performance AI hardware typically depreciates over time as more advanced GPU generations enter the market. Quantum Solutions is effectively betting that returns generated by its AI infrastructure business will outweigh the potential gains it could have realized by continuing to hold a larger Ethereum treasury.
Future sales are expected to depend on the pace of the AI data center rollout as well as broader conditions in both cryptocurrency and hardware markets, making execution of the infrastructure strategy as important to investors as the remaining size of the company’s digital asset holdings.
Lido spravuje asi 8 milionů ETH v hodnotě 16,5 miliardy dolarů přes jen 34 kurátorovaných operátorů uzlů, což znovu vyvolává otázky kolem centralizace a správy. Nový Curated Module v2 má navíc zavést zástavy 11 ETH na prvního validátora.
Dana Love, PhD, has brought renewed attention to the concentration of Ethereum’s staked ETH under a small group of node operators, specifically through Lido’s liquid-staking platform. As the largest liquid-staking protocol on Ethereum, Lido plays a pivotal role in how staked ETH is managed, and its governance structures are increasingly scrutinized by the community.
Love notes that approximately 8 million ETH, representing about $16.5 billion, is managed by just 34 curated node operators within Lido. According to his analysis, this points to a permissioned system, where operational authority is concentrated in a select group rather than distributed openly across a broad set of participants. He suggests that focusing on the sheer number of validators can obscure the reality of who ultimately controls the ETH stake within the network.
The number of validators was never a measure of decentralization; what matters is how much of the stake is actually managed by a handful of operators, Love argues.
In Lido’s structure, membership as an operator is not automatic for ETH holders. Prospective operators must apply, undergo a committee-led review, and secure approval through a governance vote before being admitted to the curated set.
Mini dictionary: Lido is a decentralized liquid staking protocol on the Ethereum network, allowing users to stake their ETH and receive liquid stETH tokens in return, while curated node operators are selected and vetted participants who run validator nodes on behalf of Lido stakers.
Curated Module v2 and bond requirementsThe discussion centers on Lido’s forthcoming Curated Module v2, which introduces a schedule of bond requirements for its curated operators. Under the proposed scheme, each operator must post collateral in ETH that can be penalized for validator downtime, slashing events, or mishandled execution rewards. According to Love, the first validator key managed by an operator requires 11 ETH in collateral, with much smaller additional stakes needed for subsequent validators.
In contrast, Lido’s Community Staking Module reportedly asks smaller operators to post 2.4 ETH for their initial validator and 1.3 ETH for each additional one. Love contends that this structure gives established curated operators a more capital-efficient arrangement relative to their scale, raising potential questions of fairness in operator admission and economics.
ModuleInitial Bond per ValidatorBond for Subsequent ValidatorsOperator AdmissionCurated Module v211 ETHLower incremental requirementBy committee approvalCommunity Staking Module2.4 ETH1.3 ETHOpen (with review)Penalties and disputes for curated operators are managed by a Curated Module Committee, which operates with a nine-member multisignature wallet, requiring six signatures for any enforcement action.
Validator consolidation and the decentralization debateLove also addresses recent shifts connected to the Ethereum Pectra upgrade and EIP-7251, which increased the maximum effective validator balance from 32 ETH to 2,048 ETH. This technical update enables the consolidation of resources from many small validators into a smaller set of larger validators, reducing system overhead but not necessarily democratizing who holds governance power over the staked ETH.
He highlights a recent drop in Ethereum’s total validator count from about 880,000 to 628,000 as consolidation has taken hold. However, the underlying control remains largely unchanged, with the same curated operators maintaining their significant share of the aggregate staked ETH managed via Lido.
At the time of Love’s video, Lido’s Curated Module v2 bond system was not yet live on Ethereum mainnet. Smart contract audits were still under way and Phase One deployment was expected before the end of the quarter.
With Lido’s proposed bonds, operational and governance risks remain primarily in the hands of a small number of players, not the wider ETH community.
While the new bond schedule is designed to promote accountability, the combination of permissioned operator selection, bond requirements, and committee-governed penalties reflects the ongoing debate about where risk and authority reside in Ethereum’s staking ecosystem.
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.
SecondFi vyzývá hackera k vrácení 16,1 milionu ADA ukradených při červnovém útoku. Firma zároveň uvedla, že spouští kompenzační plán pro postižené uživatele.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The team behind the Cardano-focused cryptocurrency wallet SecondFi today published a renewed appeal to the hacker who breached the platform in June. The developers reiterated that their official bounty offer remains in effect in exchange for the full return of the stolen assets.
"Our standing offer remains open. We urge the party involved to contact us through the channels listed below," SecondFi said in its official statement. The company added that a voluntary return is the cleanest and most direct path toward resolving the situation for all parties.
Interestingly, after the independent analytics agency Groom Lake joined the investigation, researchers discovered specific digital markers in the transactions and actions of one of the participants in the attack. These markers reportedly match methods used by the state-sponsored North Korean cybercrime group Lazarus Group.
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How SecondFi plans to repay usersSince the likelihood of receiving a response from Lazarus Group is extremely low, SecondFi, together with the Cardano Foundation and Input Output Group, has launched a three-stage compensation plan:
Late July — the current stage: Collection, verification and processing of official claims submitted by affected customers.Mid-August 2026: Release of tools for securely exporting surviving assets to third-party platforms. Users are advised to move their funds to hardware wallets.Early September 2026: Launch of an automated compensation portal powered by zero-knowledge proofs.The critical security incident occurred between June 21 and June 23, 2026. The attackers managed to compromise 374 digital wallets on SecondFi, formerly known as Yoroi Wallet by EMURGO. The hackers stole 16.1 million Cardano tokens, or ADA, worth approximately $2.4 million to $2.6 million at the time of the theft.
The scale of the disaster could have been significantly greater. The project's technical team responded in time and secured another 129 million ADA that had been at risk. These funds were urgently transferred to the control of an independent custodian.
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Nevertheless, because of the severe financial and reputational consequences of the breach, EMURGO's management made a difficult decision. The company announced the complete wind-down and subsequent liquidation of the SecondFi and Yoroi brands. The project has been deemed unviable for continued operations.
OFAC sankcionoval dvě firmy napojené na IRGC za údajné vydírání lodí v Hormuzském průlivu prostřednictvím povinného pojištění. Jedna z nich přijímala platby v bitcoinu (BTC) a dalších digitálních aktivech.
The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two firms accused of supporting an IRGC-backed scheme that allegedly extorted commercial vessels transiting the Strait of Hormuz by requiring them to purchase maritime insurance.
Wednesday’s designations hit the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, known as Hormuz Safe. Treasury says the policies extract revenue while covering risks that Iran itself creates.
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How Iran’s Hormuz Insurance Scheme Drew US Sanctions The IRGC reportedly began collecting transit fees from tankers passing through the Strait of Hormuz in April, with charges starting at approximately $1 per barrel.
The Treasury said the insurance scheme was created to offset revenue lost following Operation Epic Fury. Treasury Secretary Scott Bessent linked the initiative to Iran’s worsening economic conditions.
“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” he said.
According to the department, Iran established the “illegitimate schemes” through the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority.
It said Iran’s Ministry of Economy developed HormuzSafe. It offers insurance, traffic control, security, and emergency response services to vessels transiting the strait.
The firm accepts payments in Bitcoin (BTC) and other digital assets as part of Iran’s efforts to circumvent Western sanctions.
The Treasury also noted that Iran’s insurance regulator created the Persian Gulf Marine Insurance Company, which issues policies approved by the Persian Gulf Strait Authority.
OFAC sanctioned the IRGC-backed authority on May 27. It has now designated both the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority under Executive Order 13902 for operating in Iran’s financial sector.
In addition, OFAC sanctioned eight shipping companies and identified eight oil tankers as blocked property. The operators are registered in Hong Kong, the Marshall Islands, and China. According to the Treasury, the vessels transported Iranian crude oil and petroleum products.
The agency has now sanctioned more than 100 shadow fleet vessels since January. The latest measure is part of a broader US enforcement action against Iran.
In mid-July, the Treasury sanctioned four cryptocurrency wallets linked to Iran’s central bank. At the same time, Tether froze approximately $131 million in USDT held in those addresses.
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Chainlink uzavřel partnerství s americkým ministerstvem obchodu a zveřejnil na blockchainu ověřená makrodata BEA včetně GDP, PCE a Real Final Sales to Private Domestic Purchasers. Data jsou nyní dostupná na 10 sítích včetně Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic a ZKsync.
@Chainlink has partnered with the U.S. Department of Commerce to deliver verified macroeconomic data directly to decentralized ledgers, marking a significant step in the convergence of government statistics and blockchain infrastructure.
Federal Data Lands On-ChainThe new Chainlink Data Feeds source figures from the Bureau of Economic Analysis (BEA) and deliver them on-chain, covering Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. The latest report reflects Real GDP at 1.5% and a PCE Price Index of 3.7%, providing the $LINK-powered infrastructure required for automated treasury rebalancing and institutional credit pricing.
The government has put six data points on-chain via Chainlink, with the data updated monthly or quarterly and initially available across ten blockchain ecosystems: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. The initiative also involves Pyth Network, with both oracle providers confirming they are working with the Commerce Department to bring BEA data on-chain.
Commerce Secretary Howard Lutnick signaled a potential expansion of the model to additional U.S. agencies. He stated the department intends to make the blockchain data distribution model available to the entire government.
Unlocking Institutional and DeFi Use CasesThe integration eliminates the latency between federal reporting and market reaction. By placing official statistics on-chain, smart contracts can respond to macroeconomic shifts without relying on intermediaries or manual data inputs.
Chainlink says bringing the data on-chain unlocks use cases including automated trading strategies, increased composability of tokenized assets, inflation-linked products, perpetual futures markets, real-time prediction markets, and DeFi protocol risk management based on macroeconomic factors.
By bringing macroeconomic data from the Bureau of Economic Analysis on-chain, Chainlink is showcasing how trusted oracle networks can serve as critical infrastructure connecting public institutions with blockchain markets, unlocking new innovations while supporting compliance and regulatory progress.
As the industry-standard oracle platform, Chainlink provides the protocols and standards for how hundreds of DeFi applications across dozens of blockchains consume critical financial data to secure tens of billions of dollars in DeFi TVL, with over 2,400 integrations including Aave, Lido, Compound, and GMX.
Sources
Chainlink Official Blog: U.S. Department of Commerce and Chainlink Bring Economic Data Onchain
Blockworks: Chainlink integrates U.S. Commerce Department macroeconomic data
Finextra: US Department of Commerce puts economic data on-chain
Crypto payments giant MoonPay launched PayBox, a non-custodial wallet and payment vault that enables AI agents to securely transact across the open internet.
While the product introduced a new way to interact with crypto through ChatGPT and Claude, much of the community focused on something else. MoonPay rewarded early users with one-time $USDC allocations that ranged from a few dollars to as much as $1,000, according to reports shared across social media.
To qualify, users created a PayBox account, connected it to ChatGPT or Claude, created a wallet, linked their X account, and claimed rewards through a faucet.
Community members posted screenshots showing rewards of $5, $380, $500, $600, and even $1,000. Many also confirmed successful withdrawals before MoonPay temporarily paused the faucet, saying it would return at “an undisclosed time” on July 30 with "more surprises for PayBox users."
The campaign quickly became one of the most viral crypto marketing efforts in recent months. MoonPay later revealed that it had gained 35,000 new followers on X within a day of the launch.
Turning Conversations Into Transactions Beyond the giveaway, PayBox introduces a different way to interact with digital assets. Users connect the wallet to ChatGPT or Claude through a custom connector, then describe what they want in natural language.
Examples include onramping funds into stablecoins, swapping tokens on Solana, bridging assets across supported blockchains, maximizing DeFi yield, booking flights, making restaurant reservations, and shopping online. The AI prepares each transaction, while the user authorizes it with a passkey before funds move.
PayBox launches with support for Solana and several EVM-compatible networks, including Ethereum, Base, Arbitrum, Polygon, Hyperliquid, Tempo, and Robinhood Chain.
Privacy Concerns Sparked Debate The generous $USDC rewards also triggered debate within the community. Some participants viewed the campaign as a customer acquisition strategy rather than a traditional crypto airdrop, while others questioned whether connecting accounts created privacy risks.
MoonPay responded directly, stating that PayBox never accesses users' chat history or wallet private keys.
Neeraj Prasad, Chief Engineer of MoonPay Labs and founder of Dawn Labs, also explained that the wallet operates through embedded cryptographic infrastructure and that only tool call arguments pass through the connector, not conversation history.
A Non-Custodial Approach to AI Payments MoonPay designed PayBox so AI agents never take custody of user funds. The system stores wallet keys using multi-party computation and trusted execution environments, preventing any single party, including MoonPay or the AI assistant, from accessing the complete private key.
Users can choose between 2 permission models. "Always Ask" requires passkey approval for every transaction, while "Autonomous" lets AI operate within limits defined by the user. Every authorization applies to a single action and expires after use.
The infrastructure comes from Sodot, the cryptography company MoonPay acquired earlier this year, building on a broader wave of MoonPay AI initiatives including the acquisition of Entendre, the launch of MoonPay Agents and the acquisition of AI trading startup Dawn Labs founded by Prasad. According to MoonPay, that technology already secures more than $50 billion in assets across over 10 million wallets.
More Than a Crypto Wallet PayBox supports much more than token transfers. Users can create wallets, manage credentials, track portfolio balances, perform cross-chain swaps, sign blockchain transactions, retrieve stored secrets with approval, and monitor pending requests.
The platform also supports x402-powered commerce, allowing AI agents to pay for APIs, travel bookings, shopping, digital services, and other internet-based transactions. It also integrates World prediction markets, enabling users to browse events, review market data, trade positions, and redeem settled markets.
MoonPay plans to expand PayBox further into DeFi, adding support for perpetual futures, liquidity management, and additional AI platforms.
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Fortitude Mining koupila od společnosti Bitmain 9 000 kusů Antminer Z15 Pro za 31,5 milionu USD, aby rozšířila těžbu Zcash. Firma už těží tempem 157 000 ZEC ročně.
Fortitude Mining just dropped $31.5 million on Zcash mining hardware. The Digital Currency Group subsidiary signed an agreement with Bitmain to purchase 9,000 Antminer Z15 Pro units at $3,499 per machine, a deal that positions the company as one of the most aggressively expanding miners in the privacy coin space.
Zcash has staged a dramatic comeback, with trailing twelve-month returns exceeding 1,000% as of mid-June 2026. Fortitude is betting that run has legs.
The hardware and the math The Antminer Z15 Pro is Bitmain’s latest Equihash miner, offering a hashrate of 840 KSol/s with energy efficiency rated at 3.31 J/KSol. When Bitmain launched the unit in May 2026, the sticker price was $4,999. Fortitude negotiated each unit down to $3,499, saving roughly $1,500 per machine. Across 9,000 units, that’s a $13.5 million discount from list price.
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As of May 31, 2026, Fortitude was already mining at an annualized rate of 157,000 ZEC, which works out to about 366 ZEC per day. With ZEC trading between $460 and $500 in June 2026, that daily output translates to roughly $168K to $183K in revenue per day before costs.
Cutting costs in Nebraska Fortitude energized a new self-built 12 MW facility in Grand Island, Nebraska on July 28, 2026, just two days before announcing the Bitmain deal. The Nebraska site is projected to reduce Fortitude’s direct cash mining costs by approximately 43%, dropping from around $70 per ZEC to roughly $40 per ZEC.
The Nasdaq play Fortitude is set to merge with HeartSciences, a Nasdaq-listed medical device company trading under the ticker HSCS. After the merger completes, Fortitude plans to list on Nasdaq under the ticker TUDE in the second half of 2026.
For a company that only launched in January 2025, the trajectory has been remarkably steep. In roughly 18 months, Fortitude went from zero to an annualized production rate of 157,000 ZEC, built its own mining facilities, and now sits on the doorstep of a public listing.
What this means for investors Investors watching the TUDE listing should pay close attention to three metrics once the company goes public: hashrate as a percentage of total Zcash network hashrate, all-in sustaining cost per ZEC mined, and the company’s ZEC treasury strategy. Whether Fortitude holds mined coins or sells them immediately will tell you a lot about management’s conviction in ZEC’s long-term trajectory.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Obchodování s tokenizovaným zlatem ve 1. čtvrtletí dosáhlo 90,7 miliardy USD, ale v DeFi je využito jen 1,5 % jeho kombinované tržní kapitalizace 4,2 miliardy USD. Z dvojice XAUT a PAXG je na Aave v3 a Morpho jako kolaterál nasazeno jen 63 milionů USD.
Demand for tokenized gold has soared in 2024, with spot trading volume reaching $90.7 billion in the first quarter as gold prices climbed to historic highs, according to research from RedStone, a decentralized oracle protocol that supplies accurate data for blockchain-based applications.
Physical gold rallies while DeFi usage stays limitedAs gold futures surpassed $5,600 per troy ounce, investors increasingly turned to blockchain-based gold tokens as a means of tracking the precious metal. However, the data shows that just $63 million worth of the two primary gold-backed tokens, Tether Gold (XAUT) and PAX Gold (PAXG), is currently deployed as collateral on the leading DeFi platforms Aave v3 and Morpho. This figure amounts to only 1.5% of the combined token market cap of $4.2 billion.
Despite the popularity of tokenized gold for trading, these assets have not yet found meaningful use within the decentralized finance sector. Analysts attribute this to a range of infrastructure challenges and a lack of incentive for DeFi participants to use gold tokens over traditional crypto assets.
Gold TokenMarket CapCollateral in DeFiTether Gold (XAUT)Part of $4.2 billion (combined)$63 million total (with PAXG)PAX Gold (PAXG)Part of $4.2 billion (combined)$63 million total (with XAUT)Market test amid volatilityEarlier this year, tokenized gold assets underwent a significant market test. On March 23, Aave processed its largest cluster of XAUT liquidations during a sharp gold price downturn, yet the lending protocol continued operating smoothly. This demonstrated that tokenized gold can function reliably as collateral during periods of market stress, RedStone’s report noted.
The liquidation event followed a 10% weekly decline in gold prices, marking the metal’s worst week in over forty years. Greg Shearer, precious metals strategist at JPMorgan, labeled the episode an “extremely brutal flush.” RedStone’s data confirmed that liquidations across Morpho and Aave peaked in late March as volatility spiked.
After gold plummeted 10% in just one week, Aave managed its largest-ever XAUT liquidation cluster without disruptions, highlighting the asset’s reliability as DeFi collateral even under extreme conditions.
Since its highs in January, gold futures have fallen more than 26%, pressured by expectations of sustained higher US interest rates that have weighed on demand for non-yielding assets like precious metals.
Growth in tokenized RWA and future challengesTokenized gold is part of the broader real-world asset (RWA) market, which includes not only precious metals but also private credit, US Treasurys, and equities. According to Token Terminal, the total value of tokenized RWAs exceeded $43 billion in June, reflecting rapid growth in this blockchain sector.
Despite the expanding market, limited DeFi adoption of gold tokens signals that key infrastructure and incentives are still lacking. The challenge for the sector may now be driving greater real-world utility and integration with decentralized finance protocols.
Centralized crypto exchanges have responded by increasing support for tokenized assets. CoinGecko, a cryptocurrency analytics provider, cited rapid expansion of the so-called “crypto TradFi” market, which had grown to $6.6 billion by June as platforms seek to connect traditional finance with digital assets.
Mini dictionary: RedStone is a decentralized blockchain oracle protocol designed to deliver fast, reliable, and cost-effective data feeds for DeFi applications and smart contracts.
In the wider context, the tokenized commodities market has crossed the $6 billion mark, fueled largely by gold’s substantial rally.
Analysts emphasized that while tokenized gold assets have shown operational resilience, the next major barrier will be achieving mainstream usage within DeFi, as only a small fraction of existing supply is actively employed in lending and other decentralized finance activities.
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.
Uniswap spustil beta záložku Launches pro objevování nově spuštěných tokenů, nejprve pro Robinhood Chain. V červenci prošlo přes launchpady Robinhood do protokolu více než 340 000 tokenů s objemem 3,6 miliardy USD.
Uniswap has introduced Launches, a new beta tab in its web app designed to help traders discover recently launched tokens.
The feature aggregates tokens from launchpads using Uniswap as their trading infrastructure, including Bankr, Pons, and Long.
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Uniswap said more than 340,000 tokens launched into the protocol through Robinhood launchpads in July, generating $3.6 billion in trading volume.
Launches combines these tokens into a single feed where users can filter by launchpad or sort projects by 24 hour trading volume, liquidity, launch date, and trending activity.
The feature is initially focused on token launches on Robinhood Chain, with support for additional ecosystems expected later.
For token issuers, the tab provides distribution as soon as liquidity is added to Uniswap. Traders can use the same interface to discover and trade newly launched assets.
Uniswap is also inviting additional launchpad developers to integrate their projects with the discovery feed.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap spálil za jediný den 106 000 UNI, což je třetí největší spálení v historii protokolu. Jde o nejvyšší hodnotu za běžný den po zavedení deflačního mechanismu.
Uniswap just torched 106,000 UNI tokens in a single day, making it the third largest burn event since the protocol flipped the switch on its deflationary mechanics.
The burn was driven by the protocol’s relatively new fee collection and buyback system, which funnels revenue from trading activity into purchasing UNI on the open market and sending it to a permanent burn address. At current pace, annualized burns are tracking roughly $170 million in value, the highest sustained rate during regular (non-retroactive) operations.
How Uniswap turned fees into fire The mechanism behind all this token destruction traces back to the UNIfication governance proposal, which passed in late 2025. Before that vote, Uniswap was printing billions of dollars in trading volume across its liquidity pools but the UNI token captured essentially none of that economic activity.
UNIfication changed the math. The proposal enabled protocol-level fee collection across Uniswap v2 and v3 pools on multiple chains. Those fees flow into what the protocol calls TokenJar contracts, which execute UNI buybacks. The purchased tokens then get routed to the “Firepit,” which is exactly what it sounds like: a permanent burn mechanism.
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The largest single burn event on record hit 134,000 UNI on June 5, 2026. The 106,000 token burn ranks third overall but stands out as the highest figure recorded on what the team considers a “regular day,” meaning it wasn’t tied to any special governance event or one-time action.
The retroactive burn that started it all Before the daily burn mechanism was humming along, Uniswap governance approved a one-time retroactive burn that set the tone for everything that followed. On December 28, 2025, approximately 100 million UNI were destroyed in a single transaction, valued between $590 million and $596 million at the time.
Combined with ongoing daily burns, total UNI destroyed has now surpassed 107 million tokens according to Dune analytics data. For context, UNI launched with a total supply of 1 billion tokens. So north of 10% of the entire supply has been permanently removed from circulation.
The multi-chain expansion has been a key driver of growing burn volumes. Governance has extended the fee collection infrastructure to chains including BNB Chain, Polygon, Celo, and Robinhood Chain as of mid-2026.
Why this matters for UNI holders and DeFi broadly The $170 million annualized burn rate represents genuine demand for Uniswap’s services being translated into deflationary pressure on UNI supply.
Uniswap founder Hayden Adams has expressed optimism about these developments, framing them as part of a broader maturation of both DeFi and Ethereum’s ecosystem.
The risk side of the equation is worth noting. Burn rates are inherently cyclical, tied to trading volumes that can swing dramatically with market sentiment. A sustained bear market would compress fee revenue and, by extension, the pace of burns. The $170 million annualized figure reflects current activity levels, not a guaranteed floor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap aktivoval poplatky protokolu u vybraných v4 poolů na sedmi sítích a od prvního dne hlásí zhruba 325 000 USD denně na výnosech. Vybrané poplatky se používají k pálení UNI.
Uniswap just flipped a switch that DeFi watchers have been anticipating for years. On July 27, 2026, the protocol executed Governance Proposal 100, activating protocol fees across selected v4 liquidity pools on seven networks simultaneously.
The early revenue number tells the story quickly: roughly $325,000 per day flowing into the protocol from day one.
What the fee switch actually does Specifically, the protocol fee is set at approximately one-sixth of the existing swap fee. On a standard 30 basis point pool, that translates to about 5 basis points going to the protocol. Traders pay a marginally higher effective cost, but liquidity providers keep their yields largely intact.
Uniswap founder Hayden Adams addressed LP earnings directly, making clear the design intent was to avoid cannibalizing the returns that keep liquidity in the pools in the first place.
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The fees collected flow into TokenJar contracts, which require the burning of UNI tokens to claim. In English: revenue generated by the protocol gets converted into permanent supply reduction. Every dollar of fees creates a little less UNI in circulation.
The seven networks covered by Proposal 100 are Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet, and Robinhood Chain.
The governance process behind the vote The path to Proposal 100 started with a governance temperature check on July 7, giving the community three weeks to debate before the formal on-chain vote ran from July 19 through July 26.
The result was not close. Approximately 46.6 million UNI voted in favor, against 1.27 million votes opposing. The required quorum was 40 million UNI, meaning the proposal cleared it comfortably with room to spare.
Proposal 100 builds directly on the UNIfication framework approved in late 2025, which first enabled protocol fees and UNI burns on v2 and select v3 pools. That earlier approval was the proof-of-concept. Proposal 100 is the full rollout.
What this means for UNI holders and the DeFi market The burn mechanism ties fee revenue to token destruction rather than dividend-style distributions, which sidesteps regulatory questions about whether UNI constitutes a security. Burning supply is economically similar to a stock buyback, reducing the float without constituting a direct payment to holders.
The $325,000 daily revenue figure is a meaningful data point for anyone modeling UNI’s fundamental value. Annualized, that run rate puts protocol revenue in the nine-figure range.
A vote that cleared quorum by more than 6 million UNI, with opposition representing less than three percent of total votes cast, suggests the Uniswap community reached broad consensus on an issue that has generated contentious debate in DeFi governance circles for years.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Avalanche Foundation představila nový ekonomický rámec pro $AVAX, který má lépe měřit hodnotu sítě a podporovat systematické zachycování hodnoty. Součástí jsou metriky Gross Chain Product a Gross Chain Income.
The Avalanche Foundation (@AvalancheFDN) has released an official Economic Research Agenda, shifting the protocol's focus toward systematic value capture for $AVAX. The framework introduces two new analytical metrics: Gross Chain Product (GCP) and Gross Chain Income (GCI), positioned as the primary tools for measuring total economic output across the Avalanche ecosystem.
A New Lens for Blockchain Economic Output GCP is designed to evaluate economic output generated by blockchain participants, offering a methodology more closely aligned with the principles used to measure national economies. A key feature of the framework is its distinction between nominal and real economic activity. Nominal GCP measures output using prevailing token prices, while real GCP adjusts for price fluctuations to isolate changes in underlying economic activity. This methodology is adapted from the Fisher chain-weighted index used in national GDP calculations, addressing the unique challenges of blockchain economies where hundreds of tokens with volatile prices circulate simultaneously.
The foundation applied GCP to its C-Chain from January 2025 to March 2026, revealing three distinct phases: a spike in April 2025 driven by liquidation cascades that inflated nominal metrics; a period of steady, broad-based DeFi growth under stable macro conditions mid-2025; and a sharp contraction in late 2025 to early 2026 as falling collateral values reduced borrowing capacity and trading volumes.
Moving Beyond Transaction Fees The evidence-based agenda aims to transition the network from a narrow transaction-fee model to a diversified revenue structure. The approach encompasses MEV, application revenue sharing, and L1-native mechanisms. The foundation has been developing its own frameworks for evaluating tokenomics, validator economics, and on-chain economic activity, including ongoing research into value accrual mechanisms for proof-of-stake networks.
AVAX's price has not consistently reflected growing network activity, a disconnect that has surfaced repeatedly in community discussions. This is not unique to Avalanche. Most major Layer 1s reach this point eventually, highlighting that usage and token value do not automatically move together. The relationship between on-chain activity and token demand is more complicated than it appears on the surface. The new framework is a direct attempt to address that gap with rigorous, data-driven analysis.
Cryptoassets do not fit neatly into existing asset pricing frameworks. They exhibit characteristics of currencies, equity-like claims on network revenues, and access tokens simultaneously, especially the native assets of proof-of-stake blockchains. The foundation is seeking research that develops and tests frameworks for understanding how value accrues in these systems, with particular attention to protocol-level design choices and their long-term implications.
Sources:
Avalanche Foundation: Research Grants on Avalanche Network Economics
CoinTrust: Avalanche Unveils GCP Metric to Measure Blockchain Economy
Blockchain.News: Avalanche Proposes Gross Chain Product to Measure Blockchain Economies
Flowra a Honeypot spojily síly, aby přímo do procesu tvorby bloků na Solaně přidaly screening sankcí a rizik. Cílem je dát validátorům vlastní compliance pravidla pro transakce a bundly.
Seoul, South Korea, 30th July 2026, ChainwireBy Chainwire
Jul 30, 2026
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Seoul, South Korea, July 30th, 2026, Chainwire
Flowra, the open orderflow auction and validator infrastructure platform for Solana, today announced a collaboration with compliance infrastructure provider Honeypot to integrate sanctions and risk screening directly into the block-building process.
The collaboration combines Honeypot's compliance intelligence with Flowra's Programmable Block Policy (PBP), enabling institutional validators to define compliance rules governing which transactions and bundles can be included during block construction.
The integration is designed to support screening against sanctions-related criteria, including wallet addresses associated with sanctioned entities, as well as network-level indicators such as VPNs, proxy services and Tor exit nodes, methods that account for an estimated 31-61% of traffic arriving through network obfuscation. The framework is also being designed to support additional enterprise compliance providers over time.
Each validator will define its own policy, preserving validator autonomy while giving operators greater flexibility over block-building decisions.
"Public blockchains have become increasingly attractive to institutional participants, but the infrastructure hasn't evolved to give validators the compliance controls many regulated operators expect," said Harry Hwang, CEO of Flowra. "We're working with Honeypot to bring compliance into the block-building process itself, allowing validators to define and enforce their own policies before transactions are included on-chain. The goal isn't to make the network less open, it's to give individual validators the flexibility to operate in a way that reflects their own requirements."
The collaboration will initially focus on sanctions screening, wallet screening and auditability for regulated institutions, with additional technical details to be shared as implementation progresses.
About Flowra
Flowra is a blockchain infrastructure company building validator and order flow solutions for the Solana ecosystem. The company develops technology designed to improve transaction transparency, value distribution, and incentive alignment across validators, users, and builders. Through its validator infrastructure, delegation programs, and MEV-related technologies, Flowra aims to create a more open, efficient, and scalable foundation for the next generation of blockchain networks.
About Honeypot
Honeypot provides compliance intelligence for platforms operating under sanctions and geo-restriction requirements. By detecting VPNs, proxies, Tor exit nodes and other forms of location obfuscation, Honeypot helps exchanges, DeFi protocols and financial institutions strengthen compliance controls and support regulatory audit requirements.
KSNET podepsal se Solana Foundation memorandum o integraci Solana Pay do sítě více než 330 000 jihokorejských obchodníků. Zaměřuje se také na online a offline platby.
A South Korean payment processor that handles roughly $4 billion in monthly transaction volume just signed on to bring Solana Pay to its network of over 330,000 merchants. KSNET and the Solana Foundation inked a memorandum of understanding on July 30, setting the stage for one of the largest real-world crypto payment integrations in Asia.
KSNET processes approximately 130 million transactions every month and has been in the payments business for 26 years.
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What the deal actually covers The MOU outlines plans to integrate Solana Pay into both online and offline payment experiences across KSNET’s merchant network. The two organizations also plan to develop a proof-of-concept for an AI-based payment model using technology called “x402.”
KSNET’s crypto track record and Solana’s Korean ambitions In May 2025, KSNET partnered with Crypto.com to support digital asset payments for travelers across various retail categories in Korea. The Solana partnership appears broader in scope, targeting the domestic consumer market as well.
In June 2022, the Solana Foundation launched a dedicated $100 million fund aimed at fostering web3 startups in South Korea.
South Korea’s regulatory environment has also been evolving. The country implemented its Virtual Asset User Protection Act, signaling that regulators are trying to create guardrails rather than outright bans.
What this means for investors Solana’s advantage is speed and cost, with transaction fees that are fractions of a cent and settlement times measured in seconds.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Morgan Stanley spustila nové ETP se stakovaným Ethereum a Solanou, přičemž podkladovou infrastrukturu dodává Coinbase. Jde o první takové řešení mezi velkými správci aktiv napojenými na americkou banku.
Morgan Stanley has expanded its offerings in the cryptocurrency space by launching new Exchange Traded Products (ETPs) that include staked Ethereum (ETH) and Solana (SOL). Coinbase is reportedly providing the underlying technology for these products, as confirmed by Brian Armstrong, Coinbase’s CEO, on social media. The launch of these ETPs marks a significant step for Morgan Stanley, integrating staking from the outset, a first among major U.S. bank-affiliated asset managers. This development comes as part of Morgan Stanley’s broader strategy to incorporate digital assets into its investment services, following the introduction of E*TRADE spot trading for bitcoin, ether, and solana earlier this month.
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Key Takeaways The introduction of Morgan Stanley’s crypto ETPs appears to suggest increased mainstream institutional adoption of digital assets, particularly Ethereum and Solana. Market participants may interpret Morgan Stanley’s integration of staking in its ETPs as supportive of Ethereum’s price growth, consistent with a more optimistic outlook for ETH reaching significant price thresholds. Current market pricing indicates a modest increase in confidence towards Ethereum hitting higher price targets by the end of 2026, reflecting the strategic moves by major financial institutions. What to Watch Observers will be keenly watching if this announcement by Morgan Stanley will lead to increased inflow in Ethereum-focused investment products, potentially influencing market odds. Future regulatory developments, including possible SEC actions on crypto ETFs, could also impact market sentiment. The performance and adoption of these new financial products in the coming months may provide further insights into the evolving landscape of institutional cryptocurrency investment.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.8% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 4.5% — — View market → December 31, 2026 6.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.9% — — View market → January 1 2027 2.9% — — View market → January 1 2027 3.9% — — View market → January 1 2027 7.5% — — View market → January 1 2027 43% — — View market → January 1 2027 9% — — View market → January 1 2027 3% — — View market → January 1 2027 42.5% — — View market → January 1 2027 20% — — View market → January 1 2027 17.5% — — View market → January 1 2027 86.5% — — View market → January 1 2027 62% — — View market →
Arqitech dokončil první atomic swapy podle Canton Token Standard V2 na Canton MainNetu, které umožňují institucím směňovat Canton Coin přímo za Bitcoin, Ethereum, Solana a TRON bez bridge a prostředníků.
Arqitech has completed the first Canton Token Standard V2 atomic swaps on the @CantonNetwork MainNet, marking a significant step in bridgeless cross-chain settlement for institutions. The transactions allow institutions to exchange Canton Coin (CC) directly on-chain for Bitcoin, Ethereum, Solana, and TRON assets in a secure, all-or-nothing manner, without handing control of assets to any middleman and without using bridges or wrapped tokens.
What the V2 Standard Changes Arqitech collaborated with Digital Asset on the Canton Token Standard CIP-0112, now known as V2, which was approved by the Canton Foundation (@CantonFdn) in June 2026. The standard introduces committed allocations, an irrevocable lock until a defined settlement deadline, giving the Canton leg of a cross-chain HTLC the same timelock guarantees institutions expect from native chain settlement. The standard now underpins advanced institutional uses such as trustless atomic swaps and regulated real-world asset settlement.
Arqitech's Atomic Swap Protocol is built so that every participant signs their own transactions, whether through enterprise key-management systems or their own private nodes. Validator nodes only prepare and submit instructions that have already been signed, keeping full custody with participants at every step.
Institutional Counterparties Already Active Earlier live swaps on Canton MainNet took place between Arqitech, MPCH, Pixelplex, and sFOX, with each institution exchanging Canton Coin for USDC. Every party retained full control of its private keys within its own wallet, demonstrating that regulated institutions can complete secure, atomic cross-chain transactions while maintaining custody of their assets.
Arqitech's deployment is live on Canton MainNet, and the atomic swap capability is set to open to customers in the coming weeks. Brian Wasserman, CEO of Arqitech, said: "Our Atomic Swap Protocol delivers native on-chain swap interoperability, liquidity and settlement rails, while meeting the same custody, audit, and risk standards institutions require."
The development adds to a broader build-out on Canton. Arqitech provides banks, asset managers, hedge funds, and prime brokers with direct API access to trustless swaps, DEX aggregation across 32-plus chains and 20-plus DEXs, privacy-enabled settlement on Canton Network, and regulated real-world asset pathways, all while clients retain custody.
Sources:
Arqitech Deploys Canton Token Standard V2 in its Atomic Swap Protocol (GlobeNewswire, July 28, 2026)
Institutional Execution of Full Featured HTLC Multi-Chain Swaps with Canton (GlobeNewswire, July 23, 2026)
The Shiba Inu ecosystem recorded one of its most dramatic price surges of 2026 this week, with SHIB jumping more than 35% in a single day and capturing the attention of market analysts. While the main token experienced substantial gains, activity on Shiba Inu’s layer 2 blockchain, Shibarium, struggled to keep pace.
Sharp drop in Shibarium’s DEX volumeLatest data from DeFiLlama indicates that Shibarium’s decentralized exchange (DEX) volume has plummeted significantly. Over the past week, DEX transactions on the network fell by 95%, reaching only $72 as of Wednesday, July 29.
This sharp decline highlights a stark drop in user engagement on Shibarium, as decentralized exchanges are key platforms for asset swaps and onchain activity within DeFi.
PeriodDEX Volume on ShibariumChange (%)Previous week$1,440–This week$72–95%Decentralized exchanges such as WoofSwap and DogSwap, which typically facilitate user trades on Shibarium, showed a full week of no recorded trading activity. Market observers noted that onchain performance across the ecosystem was extremely slow, as participants appeared reluctant to engage with DEX platforms despite the token’s price rally.
Shibarium is a layer 2 blockchain developed by the Shiba Inu project to enhance transaction capacity and reduce costs for SHIB and related tokens by operating on top of the Ethereum network.
Mini dictionary: Shibarium, a layer 2 solution built by the Shiba Inu team, is intended to increase efficiency and lower fees by processing transactions off the main Ethereum chain. Layer 2 networks typically take some transactions off a primary blockchain, improving scalability and reducing congestion.
Lack of activity across decentralized protocolsAmong decentralized applications on the network, ShibaSwap remained the only DEX to post any volume, registering all $72 in trades on Shibarium for the week. Other protocols, including Shibex, PunkSwap, MARSWAP, and ChewySwap, recorded zero transactions throughout the same period.
Despite increased interest in the $SHIB token, onchain activity on the Shibarium network and its associated decentralized exchanges reached extremely low levels, with most platforms registering no trading activity and only ShibaSwap displaying minimal volume.
This coincides with the end of Shiba Inu’s rapid price rally, after which traders and liquidity providers seemed to exercise more caution on the network. The collapse in DEX volume reflects broader risk aversion and subdued engagement on the platform, signaling a potential disconnect between token price movements and actual network use.
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.
Emirates nově umožňuje rezervace letů přes web a aplikaci v kryptoměnách, včetně SHIB a dalších 29 coinů. Platba probíhá přes Crypto.com Pay a je dostupná pro oprávněné rezidenty SAE v AED.
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.
In a boost for digital assets, customers of Dubai-headquartered Emirates Airlines can now book flights via its website and mobile app using cryptocurrencies.
The integration supports Shiba Inu alongside 29 other cryptocurrencies, marking another real-world utility milestone for the dog-themed cryptocurrency.
According to an official press release, Emirates has launched Crypto.com Pay, allowing its customers to use the digital payment solution on the airline's website and app platforms.
— きみとみっきー🇯🇵SHIBARMY (@rainyan687007) July 28, 2026 Crypto.com Pay is a payment solution powered by the Crypto.com exchange with a list of supported cryptocurrencies totaling 30, including Shiba Inu (SHIB), BTC, ETH, USDT, XRP, USDC, DOGE, BCH, ADA, LINK, LTC, PYUSD, CRO, UNI, DOT, AAVE, ALGO, FIL, CRV, COMP, THETA, ENJ, SNX, APE, LRC, WBTC, YFI, KSM, KNC and LION.
According to the release, customers with a Crypto.com account booking on the Emirates website and its app can utilize Crypto.com Pay at checkout. This is available to eligible UAE residents for bookings priced and settled in Emirati Dirham (AED).
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The launch marks the implementation of a partnership between Crypto.com and Emirates announced in July 2025 and supports Dubai's Cashless Strategy under the D33 Economic Agenda.
SHIB enters trending spotlightAccording to Santiment, Shiba Inu is among the few crypto tokens that attracted social buzz in the last 24 hours. This follows as a visible whale (identified on-chain as 0x8382...7b03) executed large SHIB transfers and publicized wallet activity, sparking focused discussion about market mechanics rather than retail sentiment.
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Shiba Inu surged over 37% during the weekend, then quickly surrendered part of the move. Social dominance reached 0.084%, its highest since April 2, amid the price surge.
Santiment noted that as the rally was still underway, there were 52 SHIB whale transactions in a single day, the most since March 31.
Heading into the big US interest rate decision, the major cryptocurrencies show little movement on the 7-day chart, with SHIB leading with an 8% gain.
Stacks aktivoval hard fork PoX-5 na bloku Bitcoin 960 230 a položil tak základ pro Bitcoin Staking. Upgrade proběhl bez přerušení a síť nyní běží podle nových konsenzuálních pravidel.
Stacks today activated the PoX-5 hardfork at Bitcoin block 960,230, successfully establishing the protocol foundation for Bitcoin Staking. The network upgrade completed without interruption, with core contributors verifying the activation following post-upgrade checks. Signers, node operators, and major exchange partners, including Binance, completed their migrations ahead of activation. The network is now operating under the new PoX-5 consensus rules, with ecosystem contributors continuing their planned rollout. PoX-5 is the first of the Satoshi Upgrades, a series of protocol releases that Stacks core contributors will detail in the coming weeks.
Block production continued consistently throughout the upgrade, with signers successfully moving over to the new consensus rules without interruption. Staking pool operators are completing their migrations now and expect stakers to be able to restake well ahead of the upcoming cycle, with no staking rewards lost in the transition.
With PoX-5 now live, the protocol foundation for Bitcoin Staking is in place, enabling Bitcoin holders to earn self-custodial BTC yield through Bitcoin Bonds while preserving existing rewards for STX-only stakers. The upgrade also simplifies the staking experience by removing cooldown cycles and streamlining pooled participation, creating the infrastructure for the next phase of Bitcoin-native finance.
“PoX-5 marks the first step in anchoring Bitcoin capital to Stacks, and I’m excited to see the network successfully transition as we look ahead to the first institutional Genesis bond. PoX-5 is an important first move as we share more details on the broader vision behind the Satoshi Upgrades later in August.” Muneeb Ali, Founder, Stacks
PoX-5 introduces Bitcoin Bonds at the protocol level, letting eligible participants pair BTC held on Bitcoin Layer 1 with STX on Stacks to earn self-custodial BTC yield. Participation will begin through a phased rollout, starting with the institutional Genesis Bond. Broader access will follow through selected staking pools as capacity expands.
Additional rollout updates, network health data, and Bitcoin Staking resources will be published here as new milestones are reached.
Whether you’re restaking today or following the rollout from the sidelines, thank you for helping build the next chapter of Bitcoin on Stacks.
About Stacks
Stacks is growing Bitcoin by turning idle Bitcoin into productive capital. The network enables self-custodial Bitcoin yield and a growing ecosystem of Bitcoin-native financial applications that settle on Bitcoin. Learn more at stacks.co.
Injective is now processing blocks in 0.59 seconds. For a layer-1 blockchain built specifically for financial applications, that’s the kind of speed that turns heads, particularly among traders who lose money every millisecond a transaction sits in limbo.
The milestone, reported on July 30, 2026, follows a mainnet upgrade dubbed IIP-665/v1.20.1 that pushed block times consistently below the 0.6-second threshold.
A year of incremental speed gains Back in November 2025, the network launched its native EVM mainnet with block times of 0.64 seconds. Then came the April 28, 2026 upgrade, version 1.19.0, which cut block finality from 1.2 seconds down to 0.7 seconds. That’s a 42% reduction in a single update.
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The latest upgrade also earned backing from major exchanges, with Binance among those supporting the transition.
Why sub-second finality matters for finance Derivatives trading, the core use case Injective has been targeting since its inception, operates on razor-thin margins where execution speed directly impacts profitability.
The network has now processed over 3 billion on-chain transactions since its launch.
Asset tokenization is the other pillar of Injective’s strategy. As more real-world assets move on-chain, from treasuries to commodities to equities, the settlement layer underneath needs to be fast enough that tokenized trading doesn’t feel like a downgrade from traditional rails.
The competitive landscape is heating up Solana, the most prominent speed-focused chain, has historically advertised 400-millisecond block times, though its actual performance has varied due to network congestion and outage episodes.
The Cosmos SDK underpinning, combined with Injective’s custom consensus modifications, gives the network a different architectural path than its EVM-native or Move-based competitors. The native EVM compatibility added in November 2025 was a strategic move to capture Ethereum’s developer ecosystem without sacrificing the performance advantages of the underlying Tendermint-derived consensus.
The risk, as always with performance-focused upgrades, is that speed gains come at the cost of decentralization or security. Investors should monitor validator counts and distribution post-upgrade to ensure the network isn’t achieving its speed targets by quietly concentrating power among fewer, more powerful nodes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Shopify přidala podporu plateb v USDC do své základní platební infrastruktury a mezi podporované sítě zařadila i Arbitrum. Obchodníci mohou přijímat platby přes Shopify Payments bez poplatků za gas a bez devizových poplatků.
@Shopify has added $USDC payment support to its core payments stack, with @Arbitrum among the supported networks. The integration allows over 480 compatible digital wallets to execute retail transactions directly through Shopify Payments, positioning stablecoins as a practical alternative to traditional card networks for merchants worldwide.
How It Works at Checkout Shopify has wired USDC directly into its payments stack, allowing merchants to accept digital dollars at checkout without adding new providers or changing existing workflows. The feature sits inside Shopify Payments, meaning merchants can enable it alongside credit cards and other payment options.
Shopify Payments accepts $USDC on five networks: Base, Ethereum L1, Optimism, Polygon, and Arbitrum, with access through 480-plus supported crypto wallets and no gas fees charged to the buyer. Crucially, no foreign exchange fees apply either, removing two of the most common friction points for cross-border commerce.
Customers can pay with USDC on Ethereum, Base, or other chains, and funds bridge automatically, so the merchant does not need to think about which network the buyer used.
Settlement Options and Merchant Flexibility On the back end, merchants can choose whether to receive funds in traditional fiat payouts or settle in USDC on-chain. Shopify states that USDC payments convert to local currency by default, with no foreign exchange or multi-currency fees, and deposit to the connected bank account.
The integration is built in partnership with Stripe and Coinbase for wallet connectivity and transaction processing, with settlement occurring on Base and support for USDT planned.
The move reflects a broader shift in commerce infrastructure. Stablecoin payments reached $1.1 trillion in transaction volume in 2024, with Visa and Allium Labs confirming that stablecoins processed 2.5 times Visa's adjusted transfer volume that same year. For merchants processing high volumes of cross-border transactions, the economics are hard to ignore.
PYMNTS: Shopify Signals Stablecoin Preferences With USDC Integration
Digital Applied: Shopify Spring 2026 Checkout and Payments Updates
Shopifreaks: Shopify Adds USDC Stablecoin to Its Core Payments Stack
Arbitrum One překročil 11,3 milionu aktivních držitelů stablecoinů a upevnil si pozici největšího Ethereum L2 podle TVL ve stablecoinech. Na síti je zhruba 7,4 miliardy USD ve stablecoinech.
@Arbitrum One has crossed a new milestone, surpassing 11.3 million active stablecoin holders. The figure marks a sharp acceleration from the roughly 10 million holders recorded in early May 2026, and underscores the network's growing role as the default execution layer for dollar-denominated on-chain activity.
Dominant stablecoin infrastructure on Ethereum L2 The growth cements Arbitrum's standing at the top of the Ethereum Layer 2 landscape. According to DeFiLlama data, Arbitrum holds the number one stablecoin TVL position among Ethereum L2s in 2026, with roughly $7.4 billion in stablecoins on the chain, ahead of Base at $6.1 billion and OP Mainnet at $1.9 billion. $USDC accounts for the largest share, with $USDT and $PYUSD among the other significant assets in circulation.
$PYUSD's presence on the network has grown considerably. Data from Entropy Advisors showed Arbitrum carrying over $220 million worth of PYUSD, making it the third-largest stablecoin on the network behind USDC and USDT. The expansion of PayPal's stablecoin onto Arbitrum, which took place in July 2025, has added another institutional-grade asset to the chain's liquidity base.
Institutional momentum building alongside retail growth The stablecoin holder surge is not happening in isolation. The Arbitrum Foundation noted that stablecoin supply on the network climbed 82% through 2025, while the chain also became a venue of choice for institutions including Robinhood, Franklin Templeton, and BlackRock bringing financial products on-chain.
Monthly stablecoin transfers on Arbitrum have exceeded $50 billion, indicating assets are actively circulating across applications rather than sitting idle. Low fees and fast finality remain key draws. That deep liquidity has made Arbitrum the most competitive venue for DEX aggregators competing on routing quality, gas cost, and MEV protection.
With retail users and institutional partners both scaling their presence, Arbitrum's 11.3 million active stablecoin holders signal a network that has moved well beyond early adopter status and into mainstream settlement infrastructure.
Sources:
Arbitrum Foundation: Arbitrum in 2025
Coin Edition: Arbitrum Stablecoin Holders Surge
The Defiant: PayPal PYUSD Supply on Arbitrum
Open USD bude od prvního dne spuštěn na Ethereu, součástí multichainového spuštění jsou i Solana, Base, Stellar a Polygon. Stablecoin míří hlavně na firemní vypořádání a partneři mají dostávat podíl na výnosech z rezerv.
30 July 2026 | 20:11 Open USD will launch on Ethereum from its first day of operation as part of a broader multichain rollout that also includes Solana, Base, Stellar and Polygon.
The July 30 announcement from Ethereum Institutional confirms the network’s inclusion and highlights its role in the stablecoin’s business-focused settlement infrastructure.
As we previously reported, more than 140 companies have joined Open Standard, including Visa, Mastercard, Stripe, BlackRock and BNY. Under the proposed model, most reserve income would be shared with businesses that distribute and use the stablecoin instead of remaining entirely with a single issuer.
Why Ethereum Matters to Open USD Ethereum offers payment companies a shared settlement network without placing the underlying ledger under the control of any one participant.
That matters when companies such as Visa, Mastercard and Stripe are expected to use the same infrastructure. Each can verify the asset and its settlement rules without relying on a private system operated by a direct competitor.
Ethereum also brings established liquidity, mature infrastructure and familiarity among institutional market participants. Other supported networks can then handle transfers where lower fees or faster execution matter more.
Breaking: Open USD will launch on @ethereum on day one.
Over 140 businesses, including Visa, Mastercard, Stripe, BlackRock and BNY. All reserve earnings flow to the partners that grow it.
A shared asset needs neutral ground.
We’re excited to be working with @openstandard on… pic.twitter.com/WF3ure6Dhb
— Ethereum Institutional (@ethereuminsti) July 30, 2026
Open USD Is Being Built for Business Use Open USD is being positioned mainly for corporate settlement, cross-border treasury activity, payment processors and institutional liquidity rather than retail trading.
Consumers may therefore use it without interacting with the stablecoin directly. A merchant, payroll platform or remittance service could settle through Open USD behind the scenes while customers continue paying and receiving funds in local currency.
Its business model is also different from those of USDT and USDC. Participating companies that help distribute Open USD are expected to receive a share of the reserve earnings. That could give exchanges, payment firms and fintech platforms a financial reason to integrate it, although ordinary token holders are not automatically entitled to yield.
Ethereum Fees Will Matter Most to Businesses Ethereum transaction costs remain a practical consideration, especially for treasury desks, payment processors and other companies handling large volumes.
These firms can reduce costs by batching transfers, settling larger amounts less frequently or routing smaller transactions through cheaper supported networks. Ethereum is more likely to serve high-value settlement and liquidity needs than individual purchases at checkout.
Its inclusion from day one gives Open USD access to a major institutional market. Support for several networks broadens the stablecoin’s potential use across payments, trading and treasury operations without requiring all activity to pass through Ethereum mainnet.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Falešný stakingový web vydávající se za Flare Network a FXRP během osmi dnů odčerpal 3,4 milionu XRP od 71 investorů, uvedla policie v Soulu. Škoda činí 12,3 miliardy wonů (8,5 milionu USD).
In brief A fake staking site that ran for eight days last October took 3.4 million XRP from 71 investors, worth 12.3 billion won ($8.5 million), Seoul police said. Police say the operators impersonated Flare Network and FXRP, and seeded blogs, articles and YouTube with false information. Investigators traced 27.3 billion won ($18.8 million) through wallets linked to the group and froze 17.3 billion won of it. A fake staking site that ran for eight days last October took 3.4 million XRP from 71 investors, worth 12.3 billion won ($8.5 million), Seoul police say. Two men, both 29, have been referred to prosecutors on aggravated fraud charges, local outlet Chosun reported Thursday.
According to police, the site, Fxrpntwork.com, impersonated Flare Network and its FXRP token, both legitimate projects, and promised monthly returns of 1.5% to 1.8% with principal guaranteed. Investors were allegedly directed to move XRP off domestic exchanges, through overseas venues, and into wallets the group controlled, before the site shut down on October 23 and the operators disappeared.
A fake evidence basePolice said the group planted false information on portal blogs, online news articles and Wikipedia, and produced YouTube videos featuring a paid stand-in, so anyone researching the project found what looked like independent corroboration. The scheme followed FXRP's actual launch the month before.
The stand-in, 34, has been charged with fraud. Police put average losses at 173 million won ($119,000) a victim across the week the site was live.
Police froze 17.3 billion won of assets across overseas exchanges as soon as they detected the scheme. Another 10 billion won moved during the investigation and is unaccounted for, they said. Together that is the 27.3 billion won ($18.8 million) investigators traced through wallets linked to the group, well above the 12.3 billion won confirmed lost by the 71 known victims, which police say points to more.
An overseas exchange tipped off police last October about a surge in staking fraud. Investigators executed 54 search and seizure warrants, arrested one suspect at a hideout after he returned from abroad, and picked up the others in sequence. A fourth man, also 29, is overseas under an Interpol Red Notice. None of the four has been tried, and police have not made their identities public.
South Korean police have brought a run of crypto cases this year, including June's charges against 23 people over laundering $11.1 million in USDT for a Cambodia-based phishing ring. Investigators said they would treat crypto fraud with "zero tolerance," and urged investors to check official sources before sending funds.
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Institucionální poptávka po Bitcoinu už není vidět jen v ETF; roste přes úvěry a strukturované produkty, což vytváří skrytou likvidační zeď. Při poklesu ceny o 37,5 % na zhruba 39 900 USD mohou přijít nucené prodeje.
While capital flows into US spot Bitcoin ETFs have been volatile recently, the way institutional investors take risks is also changing. According to CryptoSlate’s analysis dated July 30, 2026, ETF inflows and outflows no longer fully reflect institutional demand; because large investors are accessing Bitcoin not only directly through ETFs but also through income-sharing funds, secured loans, and structured debt products. This new structure creates an invisible liquidation wall during market downturns.
A New Era in Corporate Capital Flows According to Farside Investors data, approximately $999 million flowed into US spot Bitcoin ETFs between July 14-22, followed by $526 million in outflows over the next four days.
Since the end of May, a net outflow of $4.46 billion has been observed. Nevertheless, net inflows into ETFs since their launch stand at $51.4 billion. However, these flows now only represent a fraction, as institutional investors are turning to alternatives such as options products and Bitcoin-backed loans. BlackRock’s IBIT ETF stands out with a net inflow of $60.3 billion, while the iShares Bitcoin Premium Income ETF (BITA), launched in June, has reached $59.9 million in assets.
Liquidation Wall: $39,900 Level Growth in corporate lending is remarkable: in the first quarter of 2026, the volume of crypto-backed loans rose to $67 billion. However, the liquidation levels in these loans introduce a new risk to the market. For example, a loan given with an initial collateral ratio of 50% and a liquidation threshold of 80%.
Bitcoin loans trigger forced sell orders when the price drops by 37.5%, or to around $39,900. An increase in such loan positions amplifies the risk of chain liquidation during sudden price drops. Ledn CEO Adam Reeds emphasizes this risk, stating, “As leverage increases, forced sell orders proliferate due to liquidation thresholds across different positions.”
The Balance Between Credit and ETFs in Market Dynamics While ETF flows reflect rapid capital movements in the market, the risks accumulated in options and loan products may appear later. In particular, loan collateral ratios and liquidation levels can unexpectedly impact the market during large price movements. The upcoming major Bitcoin correction will test how resilient loan and yield products are in bringing capital to the market.
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Ondo Finance zůstává největším emitentem tokenizovaných akcií s přibližně 845,6 milionu USD, tedy asi 45 % trhu. Trh za posledních 30 dní vzrostl o 15,72 % na 1,86 miliardy USD.
Ondo continues to lead the fast-growing tokenized stocks market as institutional adoption accelerates and Wall Street expands its onchain presence.
The market for tokenized stocks is expanding rapidly as more traditional financial institutions embrace blockchain technology, and Ondo Finance continues to lead the sector by total value issued.
Tokenized stocks are blockchain-based versions of traditional financial assets such as publicly traded shares, exchange-traded funds (ETFs), and index products. Unlike conventional equities, they can be stored in self-custodied digital wallets, transferred without intermediaries, traded around the clock, and used as collateral across decentralized finance applications.
The growing interest from both crypto-native companies and traditional financial firms suggests tokenized equities are becoming one of the strongest examples of blockchain's integration with Wall Street.
Tokenized stocks market continues to growThe momentum is reflected in market data.
According to rwa.xyz, the total distributed value of tokenized stocks has reached $1.86 billion, up 15.72% over the past 30 days. During the same period, monthly active addresses climbed to 260,779, while the number of holders nearly doubled to 766,340, rising 93.82%. Monthly transfer volume stood at $5.53 billion.
Source: rwa.xyz
The broader growth has been remarkable over the past year. According to an a16z crypto report, the market capitalization of tokenized stocks reached about $1.7 billion at the end of June, compared with $329 million a year earlier, representing more than 5x growth.
The report describes tokenized stocks as one of the fastest-growing categories of tokenized assets, also known as real-world assets (RWAs).
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Over the past few months, companies including Coinbase, DTCC, NYSE, and Robinhood have accelerated their blockchain initiatives, ranging from processing trades onchain to launching new blockchain infrastructure and forming industry partnerships.
Popular on TheStreet Roundtable:Elon Musk warns America will 1,000% go bankrupt and fail as a countryAnthropic finds new cracks in the tech meant to guard Bitcoin from 'Q-Day'Fed Chair leads two-day meeting as fear grips marketsOndo remains the largest issuerAccording to rwa.xyz data, Ondo Finance remains the largest issuer of tokenized stocks, accounting for approximately $845.6 million in distributed value, or roughly 45% of the market.
Source: rwa.xyz
The platform is followed by xStocks with $515.3 million, while Securitize ranks third with $236.8 million. Although competitors have continued to gain ground, Ondo has maintained its lead in tokenized stock issuance.
The rankings underscore how the market has evolved from what was once a niche blockchain experiment into an increasingly competitive segment attracting both crypto firms and traditional financial institutions.
Regulatory approval expands Ondo's reachOndo's leadership comes shortly after a regulatory milestone in the United States.
On July 23, the company announced that Oasis Pro Markets, its SEC-registered broker-dealer subsidiary, had received authorization from FINRA to offer tokenized corporate equities and funds to a broader range of U.S. financial institutions and retail investors.
According to Ondo, the authorization covers over-the-counter retailing, underwritten primary offerings, private placements, and related activities.
The approval expands Ondo's ability to bring tokenized investment products to the U.S. market as demand for blockchain-based versions of traditional financial assets continues to grow.
Multicoin Capital a Bitwise během 15 hodin poslaly na Coinbase Prime další HYPE za zhruba 8,74 milionu USD. On-chain data to dál čtou jako tlak na prodej.
On-chain data flagged by Lookonchain shows two prominent institutional players moving significant amounts of Hyperliquid's native $HYPE token to Coinbase Prime within a 15-hour window, adding to a growing pattern of large exchange deposits from major holders.
Multicoin Capital deposited another 137,100 HYPE, worth approximately $7.51 million, into Coinbase Prime. Bitwise followed with a transfer of 22,463 HYPE, valued at roughly $1.23 million. The moves are the latest in a series of institutional transfers that have kept $HYPE under selling pressure in recent weeks.
A Pattern of Institutional OutflowsThe latest transfers are not isolated. Multicoin Capital unstaked a large HYPE position on July 22, 2026, with on-chain analysts tracking approximately 1.96 million HYPE worth $120 million leaving staking across three wallets associated with the firm. One labeled wallet sent 395,570 HYPE to Coinbase Prime as part of that earlier wave.
Bitwise has also been an active mover. Bitwise's BHYP Hyperliquid ETF transferred 39.31K HYPE tokens valued at roughly $2.13 million to Coinbase in one recent move, bringing cumulative outflows to 280.69K HYPE over recent weeks.
The optics are complicated by Multicoin's own published research. On June 25, barely a month before these deposits began, Multicoin published a valuation report projecting a base-case price of $319 for HYPE by 2028, implying over 400% upside from trading levels at the time.
Selling Signal or Portfolio Management?Large deposits to a centralized exchange are widely read as a precursor to selling, but analysts urge caution. The Coinbase Prime deposit is a stronger selling signal than unstaking alone, but it still falls short of proof. Coinbase markets Prime as a platform combining trading, financing, and qualified custody, meaning an institutional deposit can support execution or custody without revealing which function the client intends to use.
Large wallet movements to exchanges often precede sell-offs, but on-chain analysts have cautioned that a Coinbase deposit and an unstaking request alone are not definitive proof of an actual sale. The tokens could be moved for purposes such as collateral management, custody changes, or liquidity provisioning.
Despite the pressure, some firms remain constructive on $HYPE. Grayscale said that HYPE is undervalued at a 15x to 18x valuation multiple compared to Circle and Coinbase stocks, and that the token still looks cheap compared to fintech equities despite its gains this year.
Sources:
Memeburn: Multicoin Capital Unstakes $120M HYPE
Crypto Briefing: Institutions Sell HYPE as Multicoin Capital Deposits $8M into Coinbase Prime
AMBCrypto: Why Grayscale Thinks Hyperliquid's HYPE Is Still Cheap Despite Institutional Sell-Off
The company formerly known as MicroStrategy will release its Q2 2026 financial results today, July 30, after market hours, followed by a live earnings call at 5:00 p.m. ET. As of July 6, the firm’s Bitcoin stash represents roughly 4.02% of the total Bitcoin supply.
But here’s the thing. Strategy hasn’t been buying lately. And it actually sold some coins.
The numbers behind the narrative At the end of Q1 2026, recorded as of May 3, Strategy held 818,334 BTC. The current figure of 843,775 BTC reflects a net increase of roughly 25,441 coins quarter-over-quarter.
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The company’s average acquisition cost sits between $75,482 and $75,537 per Bitcoin.
Year-to-date BTC yield was reported at 9.4% in Q1 2026. That metric, which Strategy uses to measure the growth in Bitcoin per diluted share, has become the company’s preferred scoreboard for telling shareholders the treasury strategy is working.
Executive chairman Michael Saylor confirmed the July 6 holdings figure himself, along with $2.55 billion in USD reserves.
But the quarter wasn’t pure accumulation. The company sold 3,588 BTC in early July, trimming from a previous high.
The purchasing pause Strategy has not made new Bitcoin purchases in recent weeks. The company has $2.55 billion in cash and a position representing 4.02% of total Bitcoin supply. At that scale, every purchase moves the market against you.
Why this matters beyond one earnings call Strategy’s influence on the Bitcoin market extends well beyond its quarterly filings. Controlling 4.02% of total supply gives the company an outsized role in price discovery and market psychology.
The company essentially pioneered the corporate Bitcoin treasury model since 2020, when it began converting corporate resources into digital assets.
Investors should watch for three things on the call: updated BTC yield targets for the full year, any forward guidance on acquisition plans, and how Saylor frames the July sale.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
