Dogecoin price has held near $0.073 after whales accumulated 200 million DOGE and futures open interest climbed 3.74% to $1.08 billion.
Summary
Dogecoin whales accumulated 200 million DOGE worth roughly $14 million through Robinhood. Futures open interest rose 3.74% to $1.08 billion as derivatives volume jumped 114%. DOGE must clear $0.07539 and $0.07965 to confirm a stronger bullish reversal. CoinGlass’s three-day liquidation heatmap shows DOGE trading between large leveraged-position clusters near $0.074 and $0.071, leaving the meme coin exposed to volatility in either direction. At the time the charts were captured, Dogecoin traded near $0.0732 after gaining about 1% on the daily chart.
Dogecoin liquidation heatmap | Source: CoinGlass Market conditions offered some support, with Bitcoin holding above $64,000 and Ethereum trading over $1,870. XRP, however, remained below $1.10, indicating that gains were uneven across large-cap cryptocurrencies.
According to an X post, large Dogecoin holders acquired 200 million DOGE through Robinhood. The purchase was valued at roughly $14 million based on DOGE’s price near $0.07, adding to evidence that large wallets were buying while the price moved sideways.
Whale purchases can affect exchange liquidity and trader sentiment, although the transaction alone does not confirm that DOGE will break higher. The impact will depend on whether the acquired coins remain in long-term wallets or return to exchanges for sale.
Derivatives activity rose alongside the whale accumulation. Notably, Dogecoin futures volume jumped 114% to approximately $739.56 million, while open interest increased 3.74% to $1.08 billion.
Rising volume and open interest show that traders added exposure instead of merely closing existing positions. CoinGlass’s heatmap indicates that this leverage has formed clear liquidation targets on both sides of the current price, raising the chance of a sharp move if either cluster is reached.
Liquidity favors an initial test of $0.074 The nearest large concentration of liquidation leverage sits between approximately $0.0737 and $0.0740, according to CoinGlass. Since the upper pool is closer to DOGE’s current price, a continued recovery could force short liquidations and pull the token toward that zone.
Above it, smaller liquidity bands appear near $0.0745 and between $0.0750 and $0.0755. A move through these areas would align with the four-hour chart’s upper Fibonacci resistance at $0.07539, which represents the top of the measured range.
Dogecoin price 4-hour chart — July 20 | Source: crypto.news DOGE has already recovered the 50% Fibonacci retracement at $0.0732 on the four-hour chart. The next barriers stand at $0.0737, corresponding to the 38.2% level, and $0.0743 at the 0.236 retracement.
Momentum has also improved on the same timeframe. TradingView’s relative strength index has risen to 55.45, above its moving average of 46.42, showing that buying pressure has strengthened without pushing DOGE into overbought territory.
Aroon readings provide another constructive signal, with Aroon Up at 100% and Aroon Down at 85.71%. While the elevated readings indicate active price extremes on both sides, the fresh rise in Aroon Up supports the latest rebound from the lower end of the range.
Failure to retain $0.0732 would weaken the recovery setup. TradingView’s Fibonacci levels place subsequent support at $0.0726 and $0.0719, followed by the range floor at $0.0710.
CoinGlass data reinforces the importance of that lower boundary. The heatmap’s strongest downside liquidity pool is concentrated around $0.0708–$0.0710, where a breakdown could trigger leveraged long liquidations before DOGE tests the psychological $0.070 level.
Daily resistance still blocks a confirmed reversal Despite improving short-term momentum, TradingView’s daily chart keeps Dogecoin below the Supertrend resistance at $0.0796. The indicator has remained bearish since DOGE lost the $0.10 region in early June, making a daily close above $0.0796 necessary before the trend can be considered reversed.
Dogecoin price daily chart — July 20 | Source: crypto.news The daily MACD offers an early sign that selling pressure is easing. Its MACD line stands near minus 0.00210, above the signal line at minus 0.00255, while the histogram has turned positive at 0.00045. Both lines remain below zero, however, so the crossover has not yet confirmed sustained bullish momentum.
Commenting on the consolidation, crypto analyst CW linked the flat price action to improving internal strength.
“Strong accumulation of DOGE is occurring during the current sideways movement,” CW wrote, adding that the RSI was rising sharply and the accumulation score had reached 100.
Strong accumulation of $DOGE is occurring during the current sideways movement.
While the price is consolidating, the RSI is rising sharply.
The accumulation score is 100. pic.twitter.com/knM0h7VnZh
— CW (@CW8900) July 19, 2026 Fellow analyst Javon Marks offered a more aggressive long-term view, describing the current phase as temporary post-breakout stagnation similar to structures that preceded previous Dogecoin rallies. Marks listed targets of $0.653, above $0.70, and beyond $1.25, although those projections depend on DOGE repeating earlier macro cycles.
A separate analyst projection cited in the original market report identified a weekly double-bottom pattern and placed a possible extended target near $3.25. The same analysis treated that level as hypothetical until DOGE clears the pattern’s neckline with a decisive weekly breakout.
For the immediate outlook, the TradingView chart places $0.07539 and $0.07965 as the main upside tests. On the downside, losing $0.0710 would invalidate the current range recovery and expose the dense liquidation zone below $0.071.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Leading cryptocurrencies traded mixed on Monday as escalating geopolitical tensions curbed investors’ risk appetite.
Crypto Trading Volume SpikesBitcoin traded in the $65,000 area through most of the day as 24‑hour volume increased 92%. Ethereum continued to face strong resistance around the $1,915, while XRP edged higher.
More than $245 million in cryptocurrency positions were liquidated over the past 24 hours, with bearish shorts taking the heaviest losses, according to Coinglass data.
Bitcoin’s open interest rose 2.20% over the last 24 hours. Retail derivatives traders on Binance turned neutral on the flagship cryptocurrency, while whales stayed bullish.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.30 trillion, representing a 0.66% increase over the last 24 hours.
Stock Market Closes LowerStocks closed in the red on Monday. The Dow Jones Industrial Average slid 307.16 points, or 0.59%, to close at 51,839.26. The S&P 500 declined 0.19% to close at 7,443.28, while the tech-heavy Nasdaq Composite fell 0.05% to end at 25,508.07.
The U.S. military said it initiated a new round of strikes against Iran even as President Donald Trump said via his Truth Social that Iran would pay for the deaths of American soldiers “many times over.”
This development comes after Iranian Foreign Minister Seyed Abbas Araghchi said that the U.S. would lift its naval blockade of the Strait of Hormuz and begin releasing frozen Iranian assets.
Will Momentum Fizzle Out?Blockchain analytics firm Santiment noted that the average short-term holders of Bitcoin and Ethereum were in “slight profit,” with the 30-day Market Value to Realized Value back above 0%.
“Positive MVRVs tell us the rebound is real, while also reminding bulls that short-term gains can invite faster selloffs if momentum starts cooling,” the research firm added.
Ali Martinez, a widely followed cryptocurrency analyst and trader, stated that Ethereum must hold $1,850 as support to target the next upside at $2,300.
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Dogecoin co-founder Billy Markus has dismissed concerns over the network's security model, telling critics to revisit Satoshi Nakamoto's Bitcoin white paper. The remarks came in response to a debate sparked by Dogecoin Foundation developer Paulo Vidal, who questioned whether Dogecoin relies too heavily on Litecoin for its security.
The Debate Over Merge Mining Dependency Vidal's concern centres on Dogecoin's use of Auxiliary Proof of Work (AuxPoW), the mechanism that enables merged mining. Under this arrangement, miners can secure multiple blockchains simultaneously using the same computational work. In practice, a miner solving a block on the Litecoin network can submit the same solution to Dogecoin, earning rewards on both chains without spending any additional energy. Dogecoin and Litecoin implemented merged mining in August 2014, before which Dogecoin faced potential security risks due to its smaller hashrate, making it vulnerable to 51% attacks. Within one month of the switch, Dogecoin's hashrate increased by more than 1,500% as large mining pools widened their operations.
Vidal's argument is that by not having its own independent mining base, Dogecoin's security remains tied to the activity of other blockchains. Fellow developer Chromatic X pushed back on this view, clarifying that Dogecoin does not depend solely on Litecoin but rather on all merge-mined layer-one Scrypt coins.
Markus: Miners Follow Incentives, Not Loyalty Markus, who posts on X under the handle @shibetoshi, took a straightforward position. He argued that security follows economic incentives rather than any particular blockchain allegiance. He noted that $DOGE remains the most profitable Scrypt coin to mine, adding that AuxPoW simply allows it to be mined alongside any other Scrypt coin. Calling the idea of removing merged mining "dumb and pointless," Markus argued the current model continues to make sense.
David Schwartz, director of projects and strategic partnerships at the Litecoin Foundation, has said merged mining remains Dogecoin's best option and would still be appropriate even without benefits flowing to Litecoin. The broader community remains divided, however, with the fundamental question of whether Dogecoin should be capable of securing itself independently still unresolved.
Markus also shifted the framing of the dependency question, arguing that many Scrypt miners are attracted to Litecoin precisely because it lets them earn Dogecoin at no additional cost. From a security standpoint, AuxPoW raises the cost of an attack significantly: under the merged mining model, anyone wishing to attack Dogecoin must confront the total physical hashrate of the entire Litecoin network. Whether that arrangement is a strength or a structural vulnerability remains a live question inside the Dogecoin developer community.
Sources:
Dogecoin Co-Founder Fires Back on Bitcoin Security Debate, Crypto Economy
Dogecoin Dev Clarifies How DOGE Merge Mining Works, U.Today
Case Study: Merged Mining in Dogecoin and Litecoin, Binance Research
Cardano completed the Van Rossem hard fork on July 18, upgrading the blockchain to protocol version 11 without any network downtime. This upgrade marks a significant shift for Cardano as it is the first major update ratified entirely through on-chain community governance, rather than being directed by Input Output, the blockchain’s founding development company.
Where previous upgrades were managed by Input Output, the Van Rossem upgrade was decided collaboratively by Cardano’s decentralized community. Named in honor of Max van Rossem, a Dutch Cardano contributor who passed away in October 2025, the upgrade highlights the governance system he helped design. Van Rossem served as a developer, node operator, and constitutional delegate on the Cardano network.
Three groups approved the upgrade: delegated representatives (DReps), stake pool operators, and the Constitutional Committee. DReps, who act on behalf of Cardano ADA holders, voted overwhelmingly in favor at 77.63%, passing the 60% approval requirement. Stake pool operators, responsible for running the network’s core servers, approved the fork at 52.7%, just over the 51% minimum. The seven-member Constitutional Committee, which ensures proposals align with Cardano’s founding principles, also granted approval.
Since 2024’s Chang hard fork, Cardano has been moving toward this decentralized governance structure. The subsequent Plomin hard fork in early 2025 further empowered token holders by introducing real on-chain voting rights.
Mini dictionary: DReps (Delegated Representatives), elected members who represent ADA holders in on-chain governance votes, similar to parliamentary delegates.
Technical changes and developer impactThe Van Rossem upgrade is classified as an intra-era upgrade, meaning it delivers targeted improvements without altering Cardano’s fundamental architecture. Its main focus is to reduce Plutus smart contract execution costs, giving developers the ability to deploy more complex decentralized apps and tools at lower cost.
Plutus, Cardano’s smart contract programming language, underpins decentralized finance (DeFi) apps, NFT marketplaces, and on-chain payment solutions built on the network. Alongside cost reductions, the upgrade introduces cryptographic enhancements and a security improvement mandating unique cryptographic keys for every stake pool, closing a previously known attack vector.
With protocol version 11 live, technical changes include constant-time array indexing, native handling of Value types, faster list traversal, and the implementation of new cryptographic primitives. These improvements apply to Plutus versions V1, V2, and V3, with no change to transaction structures.
ComponentBefore Van RossemAfter Van RossemSmart contract execution costHigherLowerArray indexingVariable timeConstant timeSecurity (stake pools)Shared keys possibleUnique keys requiredMarket reaction muted, upgrade paves way for future changesDespite the substantial technical and governance changes, ADA’s market price remained relatively stable. The token traded flat for three days around $0.1662, maintaining a market capitalization of approximately $6 billion. Analysts noted that while bullish traders made attempts to gain momentum, overall sentiment remained cautious. The hard fork appears to have offered some price support, preventing further declines.
Technical indicators reflected a mostly neutral to weak trend. The 50-day exponential moving average remained below the 200-day level, a configuration often interpreted as bearish. The Relative Strength Index (RSI) measured 48.8, signaling a neutral momentum, while the Average Directional Index (ADX) registered a lack of strong trend but showed early signs of a potential bullish shift.
Whale holders with balances between 100,000 and 100 million ADA increased their holdings to the highest level since 2023, according to analytics firm Santiment, while retail investors reduced exposure.
Protocol version 11 introduces smart contract cost reductions, enhanced cryptography, and a stronger security model for stake pool operators, helping pave the way for broader scalability and future upgrades.
Next steps: Ouroboros Leios and Cardano’s roadmapCardano’s next major development is the Ouroboros Leios upgrade, expected to boost the network’s transaction throughput by 30 to 65 times, with a target of over 1,000 transactions per second. The van Rossem upgrade is regarded as a key technical prerequisite for this step. The public testnet for Leios, named Musashi Dojo, launched on June 23. Charles Hoskinson, founder of Cardano, projected that Leios may reach mainnet before the end of 2026.
Input Output, the developer behind Cardano’s foundational code, recently announced plans to transition development to external specialist teams beginning in August. Van Rossem is the first protocol upgrade coordinated under this decentralized development initiative.
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.
Cardano founder Charles Hoskinson, while commenting on the sharp drop in ADA price, made important statements regarding the project’s future roadmap. Hoskinson stated that Cardano’s core infrastructure needs to come under more community control and the development process needs to be spread across a wider group of companies.
Hoskinson acknowledged that ADA has lost significant value, stating, “There has been a dramatic drop, no doubt about it.” He recalled that ADA had risen to $1.20 last year, arguing that there was considerable excitement at the time about the price potentially returning to its 2021 levels.
According to Hoskinson, the market outlook changed completely after October 10th, and the crash reinforced the view within the Cardano community that the project needed to return to its core principles.
Hoskinson argued that Cardano shouldn’t be judged solely on its price performance, highlighting the network’s track record of reliability. He stated that Cardano has earned a reputation as a blockchain that is uninterrupted, vulnerable to attacks, and operational 24/7, a reputation built on years of intensive work.
Hoskinson also stated that there is a strong demand for Cardano’s core infrastructure to eventually come under the control of the community or smaller, more agile companies. He indicated that with this transformation, he wants Input Output Group to focus its activities on the two areas where it has been most successful: developing new ventures and conducting innovation, research, and development work.
Hoskinson stated that the Input Output Group is working intensively to make open-source development activities more decentralized, and explained that their goal is for numerous independent organizations, not just a few companies, to work on Cardano’s core infrastructure.
Hoskinson added that Cardano’s Haskell-based node software is no longer the product of a single company, but is being developed with contributions from numerous companies.
*This is not investment advice.
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Cardano’s ADA price is trading near $0.1702, up by 2.4% in the last 24 hours. This follows the news of the network activating its latest major upgrade. Moreover, the move highlights the key question for investors: can the Van Rossem hard fork turn Cardano’s technical progress into real adoption? Can it trigger a sustained ADA recovery?
Van Rossem Goes Live Through On-Chain GovernanceCardano activated the Van Rossem hard fork on July 18, upgrading the network to Protocol Version 11. The transition was completed smoothly, with only a brief 10-minute block gap and no reported disruption to user funds.
The upgrade brings faster Plutus smart-contract execution, new built-in functions, updated cost models and stronger node security. These changes are designed to make smart-contract development cheaper and more efficient. As a result, this could potentially support growth across Cardano’s DeFi, NFT and real-world asset ecosystems.
However, the biggest milestone is governance. Van Rossem is the first major Cardano hard fork to be proposed, debated and fully ratified through the Voltaire on-chain governance system. There was participation from DReps, stake pool operators and the Constitutional Committee. More than 77% of delegated representatives and 52% of stake pool operators supported the upgrade.
ADA Price Still Needs Real GrowthDespite the technical milestone, the upgrade has not yet triggered a sustained ADA rally. There was a little bounce today. Technically, ADA is still showing a bearish setup. The 50-week EMA is below the 200-week EMA. ADA has an RSI of 34 pointing to weak momentum. The Average Directional Index (ADX) signals a strong downtrend. Even so, traders remain bullish. ADA futures open interest is at around $193 million and a 2.84 long-to-short ratio. This suggests most are betting on a price rebound.
That means rising developer activity, new dApp launches, higher DeFi total value locked and growing daily user activity will be crucial. Upcoming developments, including Ouroboros Leios, Hydra scaling upgrades, Mithril progress and Pyth oracle integrations, could provide additional catalysts.
Santiment Highlights Whale AccumulationOn-chain analytics firm Santiment reported that wallets holding between 100,000 and 100 million ADA now control more than 25.6 billion tokens. This is the highest level since February 2023.
✍️ TL;DR: Cardano’s key stakeholder holdings reach a 3.5 year high
📊 Metrics Used: Supply Distribution
🔗 Live Chart: https://t.co/9lzM6kxdcb
🦈 Cardano’s 100K to 100M ADA wallets now hold more than 25.6B coins, their highest level since February, 2023.
📉 Retail is doing the… pic.twitter.com/7iHLl5xyHT
— Santiment Intelligence (@SantimentData) July 13, 2026 While smaller retail wallets holding fewer than 100 ADA have reduced their holdings by around 0.7% over the past four months, larger holders have continued accumulating. Santiment said these strong hands are absorbing supply while retail sentiment remains weak.
The upgrade also comes ahead of Input Output’s planned handover of core infrastructure, including Plutus and Daedalus, to external firms from August. Ultimately, the Van Rossem upgrade strengthens Cardano’s fundamentals. ADA’s next major move will depend on whether that technology translates into real users, capital and on-chain activity.
Story Ends Here
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The Midnight ecosystem came under intense scrutiny after an unusually large transfer of NIGHT tokens triggered a sharp market sell-off, sending the token’s price tumbling.
According to on-chain analysis, a Wanchain bridge contract originally funded in December 2025 transferred 515.2 million NIGHT, the native token of Cardano’s partner chain Midnight, within just eight minutes.
Interestingly, the contract also held several other liquid assets, including Mynth, XER, and WMT, yet only the NIGHT tokens were withdrawn. This suggests that the activity specifically targeted the NIGHT asset.
On-Chain Investigation Reveals Transfer Pattern In an X thread, Cardano community investigator UTxOMaestro revealed that the 515.2 million NIGHT tokens arrived from the Wanchain bridge in four separate transfers, such as 203.0 million NIGHT, 129.6 million NIGHT, 120.4 million NIGHT, and 62.1 million NIGHT.
All four transfers reached the same wallet between 14:46 UTC and 14:55 UTC on July 20, 2026. The investigation further suggested that Wallet 1 (W1) and Wallet 2 (W2) were likely controlled by the same entity.
According to the analysis, W1 first sent 1,000 ADA to W2 before transferring 200.06 million NIGHT. W2 later returned 100.31 million NIGHT, along with ADA and USDCx, reinforcing the theory that both wallets operated under common control.
300M NIGHT Sold Across DEXs After receiving the tokens, W1 immediately began selling NIGHT across decentralized exchanges. Early estimates indicate that W1 sold around 300 million NIGHT, contributing to an initial price decline of nearly 50%.
Subsequent blockchain analysis identified several confirmed swaps, including 217.7 million NIGHT exchanged for approximately 24.02 million ADA, while 87.88 million NIGHT swapped for roughly 1.44 million USDCx.
Although a significant portion of the tokens entered the market, the liquidation remained incomplete. Investigators found that W1 transferred 200 million NIGHT to W2. At the time of analysis, W2 had sold only a small portion of those holdings, leaving a substantial amount of NIGHT unsold and creating the potential for additional selling pressure.
Rather than liquidating all of its holdings, W2 adopted a different strategy. The wallet deposited approximately 68.27 million NIGHT into the Liqwid lending protocol as collateral. It then borrowed roughly 4.364 million ADA against those holdings and transferred the borrowed ADA back to W1.
Midnight Foundation Reacts As concerns spread throughout the community, the Midnight Foundation issued an official statement clarifying that the Midnight blockchain itself had not been compromised.
According to the foundation, the incident was isolated to the Wanchain Cardano-BNB bridge, which operates as third-party cross-chain infrastructure.
The organization emphasized that Midnight’s protocol, validator network, consensus mechanism, and core infrastructure continue to function normally and remain secure. Based on current findings, the foundation sees no evidence that the incident has affected the security or operational integrity of the Midnight network.
NIGHT Remains Under Pressure Despite Rebound The large-scale selling triggered intense volatility across the NIGHT market. Earlier in the day, the token climbed to an intraday high of $0.02689 before plunging to a low of $0.01582 as the wave of on-chain selling intensified.
At press time, NIGHT is down 35.12% over the past 24 hours, currently trading at $0.0174. Notably, its daily volume is up 798% over the past day to $125.96 million.
Although NIGHT has staged a modest recovery from its lows, analysts caution that the remaining unsold holdings still pose a significant overhang. If those tokens are eventually sold, they could continue to weigh on the token’s price in the near term.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bybit is trying to turn a single stablecoin into a liquidity magnet. The exchange, the world’s second-largest by trading volume, launched a limited-time RLUSD Hold & Earn program that combines boosted annual percentage rates with zero maker fees on spot trading pairs that include the Ripple-issued stablecoin, the announcement confirmed. The move targets users who want yield on idle stablecoin balances without moving funds to DeFi protocols.
RLUSD is Ripple’s dollar-pegged stablecoin, which has been steadily integrated into trading infrastructure since its launch. Bybit already lists it, and the new Hold & Earn product lets users lock RLUSD for a period to earn a boosted yield, while the simultaneous zero maker fee applies to RLUSD spot pairs—a clear bid to attract market makers and tighten order books. The program is explicitly time-limited, though the duration was not disclosed.
Competing for Stablecoin Liquidity Centralized exchanges are in a quiet but fierce race to attract stablecoin deposits. Binance, Coinbase, and Bybit each run yield programs tied to different dollar-pegged tokens. RLUSD gives Bybit an asset that is still building liquidity, and pairing a deposit incentive with zero maker fees creates a short-term boost that can reshuffle market share. The logic is simple: liquidity draws more liquidity, and flow on one stablecoin can spill into other trading pairs. This strategy arrives as the broader tokenization trend that has pushed on-chain real-world assets past $20 billion reshapes how exchanges think about collateral and settlement.
Zero Fees and Market Maker Appeal The zero maker fee sits at the center of the offer. For market makers, removing the fee on RLUSD pairs changes the spread calculation. Even small improvements in net profitability can redirect algorithmic flow, and the exchange clearly hopes that the combination of reduced cost and yield will pull in fresh order flow from institutional desks. That pitch lines up with growing institutional demand for on-chain yield opportunities that is already visible in other corners of the market.
The Yield Race and Regulatory Shadows Yield-bearing stablecoin products now straddle centralized platforms and DeFi. The Bybit offer essentially repackages DeFi-style rewards inside a custodial wrapper, simplifying access at the cost of giving up self-custody. How high the “boosted” APR is remains unknown, and such promotions often rely on subsidy rather than organic earnings, which means they can fade quickly. Meanwhile, the stablecoin yield market itself sits inside a regulatory debate that could reshape what exchanges can legally offer. The stablecoin regulation debate in the US Senate is still fluid, and any legislation redefining what counts as a security or a deposit could directly alter programs like this one.
For now, Bybit is betting that RLUSD can be a wedge to pull in sticky liquidity. The product will be judged by two numbers: how much RLUSD flows in during the promotional window, and whether the order books retain any of that depth once the incentives end. Other exchanges will be watching both figures closely.
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FATF Releases Seventh Virtual Asset/VASP Standard Implementation Update: Global Regulation Advances, but Enforcement and DeFi Oversight Still Show Significant Gaps
The international anti-money laundering standard-setter FATF (Financial Action Task Force) recently released a report stating that global regulation of virtual assets (VA) and virtual asset service providers (VASP) continues to progress, with 86% of jurisdictions having completed risk assessments and 83% having legislated to implement the Travel Rule. The proportion of jurisdictions rated “largely compliant” with R.15 rose to 34%. However, significant deficiencies remain in enforcement, VASP identification, offshore VASP regulation, and DeFi regulation. The report also warns of emerging risks such as stablecoin abuse, non-custodial wallet P2P transactions, offshore VASPs, DeFi, and AI-assisted fraud, and calls for strengthened international cooperation, risk-based regulation, and public-private collaboration.
Zilliqa: ZIL Stolen from an Exchange’s Cold Wallet, All Exchanges Notified to Temporarily Suspend ZIL Deposits and Withdrawals
The project team learned that one of its exchange partners suffered a security incident, resulting in some ZIL being stolen from a cold wallet. The incident is currently under joint investigation by multiple parties, and the specific scale and cause of the theft have not yet been disclosed. As a precautionary measure, Zilliqa has notified all exchanges to temporarily suspend ZIL deposits and withdrawals to prevent the stolen funds from being transferred or sold through centralized platforms. The team stated that further updates will be released once accurate information is available, and reminded users to only follow official channels.
White House Has Not Yet Signed the ‘Clarity Act’ Ethics Clause, Legislative Text Still Awaiting Update
The White House and Republican senators have yet to reach an agreement on the digital asset-related ethics provisions in the “Clarity Act,” leaving the bill unable to be scheduled for a Senate vote. President Trump met last week with Chief of Staff Susie Wiles, White House Counsel David Warrington, Crypto Council Executive Director Patrick Witt, Acting Attorney General Todd Blanche, and Senators Cynthia Lummis and Bernie Moreno, but the White House has not yet clarified acceptable ethical boundaries. Technical negotiations continue on the BRCA provisions in the bill and on the Agriculture Committee’s text regarding vertical integration and affiliate transactions of crypto exchanges. Law enforcement concerns that “crypto fuels money laundering and crime” are also affecting the stance of some Democratic lawmakers. If a procedural vote cannot be advanced this week, the window for passing the bill before the August recess will essentially close.
Strategy Did Not Increase Bitcoin Holdings Last Week, Injected $225 Million into Dollar Reserves
Michael Saylor’s Strategy (formerly MicroStrategy) did not purchase any bitcoin over the past week. Meanwhile, the company added $225 million to its dollar reserves, bringing its total dollar reserves to approximately $3.2 billion.
Coinbase to Launch CRCL, HOOD, MSTR Perpetual Contract Trading on July 21
Coinbase announced that it will launch perpetual contract products related to CRCL, Robinhood (HOOD), and MicroStrategy (MSTR). The platform plans to open trading for the CRCL-PERP, HOOD-PERP, and MSTR-PERP perpetual contract markets on or after 9:00 UTC on July 21 (17:00 Beijing time on July 21).
BitMine Increased ETH Holdings by 7,430 Last Week, Repurchased 5.5 Million Common Shares in the Same Period
BitMine added 7,430 ETH last week, bringing its total ETH holdings to 5,777,468 ETH, approximately 4.8% of the total Ethereum supply. The company disclosed that the total value of its crypto, cash, and other investment assets is approximately $11.5 billion, including $385 million in cash and marketable securities, 207 BTC, $180 million in Beast Industries equity, and a $58 million investment in Eightco Holdings (ORBS). BitMine has staked 4,917,189 ETH (about 85% of its ETH holdings), valued at approximately $9.2 billion based on a price of $1,879 per ETH, with current annualized staking income of about $247 million, and earns yield through its self-built MAVAN staking network. Bitmine repurchased 5.5 million common shares last week, carried out under the previously announced $4 billion share repurchase program authorization.
Foreign Media: Google’s ‘Frozen V2’ Chip Expected to Be 6–10 Times More Efficient Than Its Existing TPUs
Two people familiar with the matter revealed that Google is developing a new server chip that can directly integrate the design blueprint of its Gemini AI model, thereby enabling the company to deliver AI model services to users more efficiently. The sources said that Google hopes to leverage this new chip, internally codenamed “Frozen v2,” to alleviate the severe shortage of AI computing power. The lack of computing power has not only triggered internal resource contention but also forced Google Cloud to turn down collaborations with some external customers. According to the sources, Google employees involved in the project expect that once the chip is launched, its efficiency, measured by tokens processed per unit of power consumption, will be 6 to 10 times higher than that of Google’s current latest-generation self-developed AI chip. Engineers are still deciding the main features of the new chip and how the various components will work together. Sources said Google plans to deploy the chip as early as 2028. Alphabet (GOOG.O) rose in pre-market trading, now up 1.2%.
AI Security Control Platform Neo Completes $100 Million Funding Round Led by Andreessen Horowitz and Bessemer Venture Partners
Neo, a company founded by former SentinelOne executives, announced the completion of a $100 million funding round led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Craft Ventures and Merlin Ventures. Neo is positioned as an “Agentic Software Control” platform, providing enterprise SecOps teams with real-time inventory, capability and risk intelligence, behavioral attribution, and fine-grained policy control over AI agents, AI applications, browsers, identities, and traditional software, with native ability to intercept high-risk operations and malicious models. Gartner predicts that by 2026 the proportion of enterprise applications with agentic capabilities will rise from 5% in 2025 to 40%. Neo plans to use this funding to accelerate product development and market expansion, helping enterprises enhance security governance while adopting AI agents at scale.
Hut 8 Signs $9.8 Billion Long-Term Deal to Advance AI Data Center Expansion, Related Computing Power Stocks Rise
Bitcoin miner and AI infrastructure developer Hut 8 (HUT) has signed a second-phase 15-year lease agreement with the same investment-grade tenant, valued at approximately $9.8 billion, for its Beacon Point AI data center campus in Texas. The new agreement will add 352 megawatts of AI computing power based on Nvidia architecture, bringing the tenant’s total contracted computing power at the campus to 704 megawatts and commercializing the campus’s full 1 gigawatt of power capacity, with the total base contract value for the campus rising to approximately $19.6 billion. Boosted by this, shares of IREN, Cipher Mining (CIFR), TeraWulf (WULF), and the CoinShares Bitcoin Miners ETF (WGMI) rose simultaneously in early trading.
Exodus Lays Off 25% to Cut Costs and Focus on Stablecoin Payments and Card Infrastructure
Exodus Movement (EXOD) will reduce its global workforce by approximately 25% to cut costs and shift its business focus to stablecoin payments and card payment infrastructure. In a recent filing, the company said the restructuring is part of its strategy to build a complete payment stack platform following the acquisitions of e-money institution Monavate and crypto payment company Baanx. Exodus expects to record pre-tax restructuring charges of approximately $2.5 million to $3.5 million, primarily for severance and employee-related costs, and anticipates annual cash operating expense savings of about $10 million to $13 million through 2027. EXOD shares rose about 2.2% in early trading but remain down nearly 85% from the same period last year.
ZachXBT: TeleSwap suspected of $735,000 attack, still undisclosed 5 days later
The cross-chain bridge TeleSwap is suspected of suffering an attack exceeding $735,000 on July 15, 2026. As of July 20, 2026 Beijing time, the project team has still not publicly disclosed the incident. Shortly after the attack, TeleSwap’s Bitcoin hot wallet stopped processing transactions; about two hours ago, the attacker transferred the stolen funds into Tornado Cash, suspected of mixing. ZachXBT also disclosed suspected addresses involved and TeleSwap’s Bitcoin hot wallet address for community tracking.
Skyfall AI plans to use AI to take over SME operations, verifying feasibility of “AI CEO”
Founded by a former Microsoft AI team, Skyfall AI plans to spend up to $1 million to acquire a small B2B SaaS or e-commerce company, with an AI acting as “CEO” responsible for key decisions such as pricing, marketing, customer service, finance, and operations. The goal is to double revenue while gradually reducing human intervention. Its founders Sam Pasupalak and Kaheer Suleman believe that existing enterprise AI paths centered on LLMs and “digital employees” struggle to continuously learn in dynamic environments. Skyfall is instead developing “Enterprise World Models,” simulating the long-term impact of decisions on business by building enterprise evolution world models and latent world models, and will publicly verify in real business scenarios whether this architecture can support highly autonomous enterprises.
Superseed to abandon its own Layer2 and return to Ethereum mainnet, users need to bridge assets out before August 15
The project announced it will abandon its own Layer2 and focus on launching a self-repaying loan product on the Ethereum mainnet. The team will deploy a native lending protocol and stable asset suprUSD, and automatically repay users’ debts and improve collateral utilization through “Super Strategies” yield strategies. The native token SUPR will be used for strategy efficiency and potential fee sharing. Officials require users to bridge all assets such as USDC, USDT, oUSDT, cbBTC, OP, and ETH on the Superseed chain to other chains before August 15, 2026; after the deadline, all assets except SUPR (which will be distributed later via a subsequent contract) may be irrecoverable.
Bloomberg: Correlation between Korean stocks and Nasdaq approaches two-year high, becoming a global AI investment sentiment bellwether
As the correlation between the South Korean stock market and U.S. tech stocks continues to strengthen, global fund managers are viewing the Korean market as a leading indicator of AI investment sentiment. Monitoring the trends of Korean tech stocks such as Samsung Electronics and SK hynix before the market opens has become a new normal in the industry. The 60-day correlation coefficient between the Korea Composite Stock Price Index (KOSPI) and the Nasdaq 100 Index has risen to 0.46, close to the highest level in the past two years and about three times the five-year average of 0.16. Especially during market downturns, the sensitivity of the Nasdaq to Korean stock moves has increased significantly, with the relevant indicator hitting its highest level since 1990 on the 7th of this month.
Analyst: Declining stablecoin reserves signal liquidity contraction, Bitcoin’s breakout still lacks capital support
CryptoQuant analyst Darkfost published a note pointing out that Bitcoin has been oscillating around the $60,000 key support level for nearly 165 days, failing to hold above it and reignite upward momentum. A core reason is the lack of new liquidity in the market. Over the past 30 days, the net outflow of stablecoin reserves on Binance and Bybit approached $2.3 billion. New demand, whether flowing into Bitcoin or the broader crypto market, has been relatively weak. Exchange stablecoin reserves have been declining continuously this year. This relatively bearish market sentiment is still limiting the capital support needed for Bitcoin to break out of its current consolidation range. However, as regulatory measures such as the GENIUS Act require stablecoins to improve compliance, the decentralized nature of the stablecoin ecosystem may be weakened. In the long term, Bitcoin’s decentralized characteristics may become more prominent as a result.
Analysis: Bitcoin “volatility storm” may be coming, market could face a new round of turbulence
Market analysts are reminding traders to pay close attention to a potential Bitcoin “volatility storm” — a rapid spike in volatility — which often accompanies price declines. This warning is primarily based on the trend of Bitcoin’s 30-day Implied Volatility Index (BVIV), often seen as the crypto market’s version of the “fear index” (VIX), whose changes are influenced by options demand. Options are derivatives used by investors to hedge against the risk of sharp market fluctuations; the higher the demand, the higher the implied volatility usually is, and vice versa. Currently, BVIV is hovering in the 34%-38% range. Historical data shows this area has repeatedly been a critical juncture before volatility outbreaks, often followed by Bitcoin price pullbacks. Although past performance does not guarantee future recurrence, the market generally believes volatility exhibits mean-reverting characteristics. Typically, a low-volatility phase is easily followed by a volatility expansion, while a high-volatility phase may gradually return to stability.
Tom Lee responds to slowing ETH purchases: Due to large-scale stock buybacks
Bitmine Chairman Tom Lee stated that Bitmine’s recent ETH purchase pace has slowed somewhat due to large-scale stock buybacks during the same period. However, since launching its ETH Treasury Strategy on June 30, 2025, it has maintained a weekly ETH buying rhythm. Bitmine repurchased approximately 5.5 million common shares over the past week at an average repurchase price of $15.6156 per share, and this stock buyback will help enhance shareholder value. In addition, Bitmine’s proprietary staking business generated a yield of 2.67% (annualized) over the past 7 days, and it will continue to strengthen its digital asset treasury strategy by expanding ETH holdings and staking yields.
Analysis: Memory chip trio hit by sell-off, Samsung’s low valuation may become a new choice for investors
The share prices of the three major memory chip companies — Samsung Electronics, SK hynix, and Micron Technology — all fell this month, providing an opportunity for investors to reposition in the rapidly growing memory chip sector. The market is concerned that the current memory chip boom driven by AI demand may slow in the coming years, repeating the familiar “expansion—oversupply—downturn” pattern seen in cyclical industries. Analysts note that if investors choose to enter the memory chip sector at this stage, they need to believe that AI-driven memory demand growth can be sustained and will be able to withstand the risks brought by industry cyclical fluctuations. In terms of investment choice, one strategy is to focus on the company with the lowest valuation. Samsung currently trades at a relatively low valuation among the three major memory chip firms, potentially making it a choice for some investors seeking exposure to memory sector growth.
Arthur Hayes bought another 1,332.5 ETH 3 hours ago, worth about $2.53 million
BitMEX co-founder Arthur Hayes bought another 1,332.5 ETH ($2.53 million) 3 hours ago.
Ethereum pre-mine address dormant for 11 years activated, containing 2,000 ETH
At 03:30 Beijing time today, a dormant pre-mine address containing 2,000 ETH was activated after 11 years of inactivity. The address was worth about $620 in 2015 and is currently worth about $3.785 million.
Grayscale has submitted a Worldcoin ETF registration statement to the U.S. SEC
Grayscale has submitted a Grayscale Worldcoin ETF registration statement to the U.S. Securities and Exchange Commission (SEC). The fund will hold WLD, the native token of the World Network, as a passive investment vehicle, aiming for each share’s value to reflect the value of the held WLD minus expenses and liabilities. If approved, the ETF will list on Nasdaq, with Bank of New York Mellon serving as transfer agent and BitGo Bank & Trust as custodian.
The Russian State Duma will conduct the second and third readings of the crypto market regulation bill on July 21
Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, stated that the crypto market regulation bill will undergo its second and third readings on July 21. Aksakov said the bill will “combat the illegal use of cryptocurrencies” while providing legal space for international settlements. Under the bill, non-professional investors wishing to purchase cryptocurrencies must pass a special test, with an annual limit of 300,000 rubles, can only trade through licensed institutions, and may only buy the most liquid crypto assets. The bill was originally scheduled to take effect on July 1, but was postponed to September 1. The Duma Financial Market Committee had previously rejected multiple amendments to relax the rules, including increasing the purchase limit for non-professional investors and allowing the use of non-custodial wallets. If passed on the 21st, the bill still needs approval from the Federation Council and the president’s signature.
Trump did not sign ethics provisions, Clarity Act negotiations deadlocked
Last Thursday, President Trump held a meeting with Republican Senators Bernie Moreno and Cynthia Lummis, and White House crypto advisor Patrick Witt on the ethics provisions of the Clarity Act, but the meeting details were not disclosed. Industry sources revealed that Trump did not sign the ethics provisions at the meeting, and the two sides failed to reach agreement on any provisions, with concerns that the clauses could have adverse effects on Trump in the future. Lummis' spokesperson declined to comment, and Moreno's team and the White House did not respond. The ethics provisions are one of the last obstacles to passing the Clarity Act, aimed at restricting senior officials including the president, vice president, and members of Congress from profiting from digital assets during their tenure, with the core controversy centering on Trump’s meme coin and his family company World Liberty Financial. Politico previously reported that the current text lacks Democratic support, and Senator Ruben Gallego stated there will be no Democratic votes without strong ethics provisions. The bill text is expected to be released in the coming days, and the Senate needs to vote by the first week of August, but industry sources say the text may not be released until an ethics deal is reached.
Coinbase executive: US Democrats have added consumer protection rules to the CLARITY Act
Coinbase Vice Chairman Ryan VanGrack said that Democratic lawmakers in the US have added customer protection provisions to the digital asset market structure bill, the CLARITY Act, which is under consideration in the Senate. The new provisions are designed to ensure that digital asset trading platforms better protect consumer rights during their operations, including strengthening transparency requirements, preventing fraud, and ensuring the security of customer funds. He added that these consumer protection measures are the result of bipartisan cooperation, reflecting legislators' growing attention to the digital asset market. The bill is still under Senate review and has not yet reached the final voting stage. VanGrack's comments were made during a public discussion on digital asset regulation, and he emphasized that Coinbase supports establishing a balanced regulatory framework that both promotes innovation and protects investors.
Total marked suspicious trades on prediction market Polymarket in H1 this year about $200 million
As prediction markets like Kalshi and Polymarket become increasingly popular and scaled, the use of insider information for trading is surging. Bloomberg’s analysis of about 34,000 suspicious trades on Polymarket flagged by Polysights shows that from January to June 2026, the total volume of suspicious trades flagged on Polymarket was about $200 million, with geopolitical and war-related bets being the main driver, and Iran-related bets peaking in late February. Among the flagged trades, as many as 71% were funded through US-regulated crypto exchanges. Profits from flagged suspicious trades are highly concentrated, with the top 1% of profitable wallets reaping over half of the profits, and 57% of these wallets created within 24 hours before trading. Several cases have already triggered investigations: a US soldier was accused of using military secrets to profit over $400,000 on Polymarket; Israeli reserve soldiers were accused of using secret intelligence to bet on Iran events. Although Polymarket bans US users, users can bypass restrictions via VPN. Goldman Sachs has banned employees from trading prediction markets, and the US Senate prohibits lawmakers and staff from participating.
South Korea's KOSPI index volatility surpasses 60%, higher than Bitcoin, AI chip duopoly and leveraged ETFs the main causes
South Korea's KOSPI index volatility has exceeded 60% this year, almost twice that of the Nikkei 225, even higher than Bitcoin, known for its volatility. The Korea Exchange has triggered circuit breakers seven times this year (zero in 2025, only once in 2024). The root cause of the volatility lies in Samsung Electronics and SK Hynix, the two AI chip giants that together account for over 50% of the KOSPI market cap. The AI boom has driven their stock prices soaring, but the sector’s valuation is highly dependent on investor sentiment, while AI has yet to generate enough revenue to cover construction costs. The proliferation of leveraged ETFs has exacerbated market volatility. Korean retail investors actively use leveraged products, with over $4 billion flowing into leveraged ETFs tracking individual stocks this year, accounting for more than 70% of the daily trading volume of the related stocks, amplifying price swings. Retail investors net purchased over 100 trillion won (about $67 billion) of KOSPI stocks this year, while foreign investors net sold about $108 billion. Goldman Sachs strategists noted that “leveraged ETFs are a major risk to watch.” Although margin debt has retreated from its June peak, it remains significantly higher than the same period last year.
A new wallet withdrew 74,000 ETH from Gemini and staked all, worth about $136 million
A newly created wallet withdrew 74,033 ETH ($136.17 million) from Gemini and staked all of it.
Japanese media: US Big Five tech giants' "hidden debt" soars to $1.65 trillion
A study by Nikkei shows that with the surge in AI investment, the hidden debt of US tech giants has grown eightfold in just four years, estimated to reach $1.65 trillion. This figure exceeds their actual on-book debt, making it harder for investors to assess the associated risks. Nikkei analyzed recent financial statements and other materials of Google parent Alphabet, Microsoft, Amazon, Meta, and Oracle. Among them, Meta’s off-balance-sheet debt is particularly high, at about $420 billion, nearly three times its recorded debt.
London Stock Exchange plans to launch round-the-clock trading in H1 2027 to win back retail market
London Stock Exchange Group (LSEG) plans to launch an independent night trading venue in the first half of 2027 to win back retail investors and compete with crypto platforms that operate 24/7. Initially, this after-hours market will offer trading services for exchange-traded products (ETPs), including funds tracking UK and US stock markets.
Solv: BTC+ contract attacked due to deployer private key leak, subscriptions and redemptions expected to resume within two weeks
Solv Protocol posted on X platform stating that on July 13, the BTC+ contract on BNB Smart Chain suffered a security incident. After investigation, the attacker compromised the deployer’s private key and upgraded the BTC+ minting proxy contract on BSC, minting unauthorized BTC+ tokens. The team completed emergency response within three hours, isolated the malicious contract, and froze, burned, or isolated all unauthorized BTC+. All underlying BTC assets are safe. As a precaution, BTC+ subscriptions and redemptions have been suspended and are expected to resume within two weeks. BTC+ has never established official liquidity pools on any DEX, and users should only obtain and hold BTC+ through Solv’s official channels. The team has upgraded deployer security measures, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit. A detailed post-mortem report will be released later.
A whale spent 20 million USDC to buy 10,500 ETH
A whale just transferred 20 million USDC into Binance, bought 10,501 ETH at $1,904, and withdrew it back to an on-chain wallet.
Trump has agreed to ethics provisions, clearing the last obstacle for the Clarity Act
U.S. President Trump has agreed to the ethics provision, clearing the final hurdle for the passage of the Clarity Act. Industry sources say that after months of negotiations, the two sides reached an agreement on the ethics provision. The provision was discussed during Trump’s July 16 meeting with Republican senators and White House crypto advisors, when no agreement was reached, but on Monday the provision was signed by Trump. The bill text is expected to be released in the coming days, and the Senate needs to vote by the first week of August. If passed, the bill will return to the House and then be sent to Trump for signature. The ethics provision was the final obstacle to the Clarity Act’s passage, and it aims to restrict senior officials such as the president, vice president, and members of Congress from profiting from digital assets while in office. The core controversy revolves around Trump’s Meme coin and his family company World Liberty Financial. White House crypto advisor Patrick Witt has postponed military training to remain at the White House to push the bill, and his deputy Harry Jung will leave in two weeks.
Robinhood Opens Its Platform to AI Agents, Users Can Authorize AI to Trade and Manage Portfolios
Robinhood announced on X that Robinhood is now open to AI agents. Users can open an agent account and connect an AI agent, authorizing it to research, trade, and manage their portfolio on their behalf. Users only need to add the Robinhood MCP server to the agent platform, and the entire setup takes less than a minute.
Anchorpoint, Led by Standard Chartered, Expected to Launch Hong Kong Dollar Stablecoin HKDAP as Soon as This Month
Anchorpoint, a fintech company formed under the leadership of Standard Chartered Bank (Hong Kong), is expected to announce the launch of a stablecoin by the end of this month at the earliest. Anchorpoint plans to launch HKDAP, a stablecoin pegged to the Hong Kong dollar. Virtual asset trading platforms including OSL Group and HashKey Exchange will serve as distributors. An Anchorpoint spokesperson told the Hong Kong Economic Journal that preparations for the phased issuance of the regulated Hong Kong dollar-pegged stablecoin HKDAP are proceeding as planned, and further updates will be announced in due course.
TRONDAO has cemented its position as one of the leading blockchain networks for stablecoin settlements in 2026, securing $9.7 billion in added stablecoin market capitalization over the past year. This surge places the network second only to Ethereum in terms of total stablecoin volume handled among blockchains.
TRONDAO rises as stablecoin settlement hubThe recent influx into the TRON network is widely attributed to its low transaction fees and significant processing capacity, making it an attractive destination for digital dollar transfers globally. According to data provided by on-chain analytics platforms such as DefiLlama and CoinMarketCap, TRON has consistently reported the highest stablecoin transaction volume outside of Ethereum.
USDT, or Tether, represents the largest portion of stablecoins circulating on TRON, fueling cross-border payment solutions and acting as a bridge for international exchanges. The network’s ability to process transactions at costs amounting to fractions of a cent while maintaining instant settlement further enhances its appeal to both institutions and retail users.
Mini dictionary: TRONDAO is the autonomous decentralized organization that governs the TRON blockchain protocol, overseeing network upgrades and ecosystem growth.
The growing popularity of TRON is particularly evident in markets where Ethereum’s mainnet fees have become prohibitive, allowing TRON to capture users and transactional volume that require affordable, efficient, and reliable settlement options.
BlockchainStablecoin Market Cap Added (1 Year)Main StablecoinKey AdvantageEthereumHigher than $9.7 billionUSDT, USDC, DAIWidest DeFi ecosystemTRON$9.7 billionUSDTLow fees, fast settlementsRegulatory focus and future directionsThe sharp rise in stablecoin activity conducted via TRON has attracted the attention of regulatory bodies, with a significant share of transactions now occurring on a single chain. This trend highlights the ongoing competition among Layer-1 blockchains for dominance in stablecoin liquidity—a critical indicator of ecosystem utility and adoption.
TRONDAO’s next steps reportedly include deepening partnerships with compliant stablecoin issuers and supporting decentralized finance (DeFi) protocols, aiming to enable broader possibilities for stablecoin utilization within the network beyond basic settlements.
Market observers have pointed out that the strong demand for on-chain dollar assets during times of global financial uncertainty has contributed to TRON’s expanding role, especially within enterprise blockchain use cases.
At the same time, observers have expressed concerns about the network’s reliance on a single stablecoin and the corresponding risks of centralization, which may create compliance vulnerabilities as institutional participation grows.
Outlook for TRON in emerging marketsCost efficiency continues to benefit both retail users and institutions operating in emerging economies, where affordable USDT transfers are crucial. In many cases, withdrawal fees from exchanges have dropped as more transactions shift to the TRON network.
Layer-1 competition in the stablecoin sector, as reflected in TRON’s performance, is expected to remain a key metric for assessing blockchain utility and overall network health.
As TRONDAO moves forward, its commitment to infrastructure development and regulatory compliance is expected to shape the evolving landscape of stablecoin settlements and DeFi activity.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
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Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
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ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
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Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.
According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.
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UK Parliament Launches Investigation Into Banking Services for Crypto Industry
The UK Parliament’s cross-party Digital Assets Group has launched an investigation into banking services for the local crypto industry. The probe will focus on assessing the difficulties crypto firms face when opening and maintaining bank accounts, as well as the restrictions banks impose on crypto asset-related transactions.
Allium Labs has launched a real-time data tracking platform dedicated to Stellar Lumens (XLM), providing open access to live on-chain statistics. Users can now monitor smart contract activity, transaction fees, and active address counts for the Stellar network.
RWA Adoption on Stellar Reaches New MilestonesA major focus of Allium Labs’ platform is its deep analysis of Real World Assets (RWAs) on Stellar. Current data shows that the number of RWA holders has surpassed 12,538, while the total market capitalization for tokenized real assets on the network has climbed to $3.10 billion. This marks a dual milestone for Stellar, which has registered a 300% increase in RWA market value this year.
Spiko, a key player in the ecosystem, leads custody handling with $1.2 billion under management. This figure includes substantial holdings of government debt and Euro-denominated Treasury bills. The majority of Spiko’s portfolio consists of tokenized near-term European government securities and a fund tracking short-term Euro rates.
Franklin Templeton, an American asset management firm, and the German company Bitbond Finance GmbH are also active in Stellar’s RWA segment, with growing participation. The Depository Trust & Clearing Corporation (DTCC) has reportedly announced plans to integrate part of its $114 trillion traditional securities market into the Stellar network by the first quarter of 2027.
Mini dictionary: The Depository Trust & Clearing Corporation (DTCC) is a leading US financial market infrastructure provider that handles settlement and clearance of securities worth trillions of dollars annually, playing a vital role in global capital markets.
EntityRoleAssets on StellarSpikoCustody handler$1.2 billionFranklin TempletonAsset managementGrowing presenceBitbond Finance GmbHFinance/TokenizationGrowing presenceDTCCSecurities infrastructureTo be deployed in 2027Trading Metrics Reflect Cautious MomentumInstitutional interest in Stellar is rising, leading some long-term investors to hope for an upward breakout in XLM’s price. Such moves are often accompanied by price consolidation after a drop and visible support from high-volume traders, commonly referred to as crypto whales. On the 4-hour chart, Stellar’s price appears to be gaining strength, with the Chaikin Money Flow (CMF) currently at 0.12.
In contrast, the one-hour price chart for XLM recently signaled a short-term sell-off, while the daily chart remains flat, with the CMF indicator showing a neutral reading of zero. Market analysts have connected this uncertainty to broader geopolitical tensions and the general sideways movement in commodity assets such as gas and gold.
Still, further growth in Stellar’s RWA sector could set XLM apart from the broader market, where caution persists even as Bitcoin (BTC) has returned above $65,600. Over the past two months, BTC has shown a tendency to fall back to $60,000 after brief rallies.
AssetRecent PeakKey SupportBTC$65,600$60,000XLM$0.19 (barrier)$0.19Stellar’s Role in On-Chain FinanceStellar’s network has gained attention for transforming traditional assets, such as money market funds and Treasury bills, into digital tokens that can be traded around the clock. Spiko’s $1.2 billion contribution has positioned the network among the top platforms for tokenized real assets, especially in Europe-focused funds.
Real-world yield products, including European treasury exposure and overnight funds, are now available as digital tokens with low fees and high accessibility. Increased adoption of on-chain assets boosts network activity and demand for XLM, which serves as Stellar’s native token and main transaction bridge.
These developments suggest strong fundamental momentum, but a broader rally for XLM remains dependent on sustained volume and overall market support.
Stellar’s RWA market cap hit $3.10 billion, with over 12,500 holders—a 300% increase this year, fueled by major players like Spiko and incoming participants such as the DTCC.
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.
Stellar’s native token, XLM, is trading at $0.1878, reflecting a modest 0.21% decline in the past day. Although price action remains subdued, network activity is drawing attention following the launch of an Allium-powered dashboard that tracks real-time metrics on the Stellar blockchain.
Network Expansion and Real-Time TrackingThe introduction of the Allium dashboard enables users to monitor Stellar’s network performance with detailed data, including active addresses, smart contract operations, and real-world asset (RWA) issuance. This new interface also offers a comprehensive view of RWA market capitalization growth, highlighting the increasing volume of tokenized assets on the network.
With increased transparency and easier monitoring, market participants can now track the evolving RWA ecosystem and its impact on Stellar’s broader utility. The launch of such tools comes as Stellar seeks to move beyond its core payment features and further establish its role in asset tokenization and decentralized finance.
CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
Among the visualizations available, the dashboard spotlights the steady rise in RWA market value over time, indicating that more tokenized assets are being issued on the Stellar network. These developments point to a maturing ecosystem with growing applications in both payment solutions and broader asset management.
With the new dashboard, users have access to real-time data on active addresses, contract operations, and network fees, as well as detailed insights into RWA issuance, including breakdowns by asset issuer.
Key Resistance and Market StructureTechnical indicators show XLM encountering resistance at $0.2154, while maintaining support near $0.1845—a level that buyers have held several times in July. The lack of clear directional movement leaves XLM in a consolidation phase, with traders closely watching for a breakout.
The On-Balance Volume (OBV) indicator registers at approximately 37.09 billion and continues to trend higher, pointing to relatively steady buying interest even as price momentum stalls. TradingView charts illustrate that for now, the bullish outlook remains valid as long as the critical support holds.
Recent liquidation data from CoinGlass suggests that leveraged trading has subsided, with large liquidation events seen in June giving way to a more stable environment in July. Lower leverage typically shifts market moves from forced liquidations to organic spot trading, allowing price action to better reflect investor sentiment.
Should XLM break above $0.2154, bullish momentum may strengthen and spark additional buying, while a drop below $0.1845 would present downside risk and could trigger further selling pressure.
Healthy Participation Amid Price StagnationDefiLlama data shows Stellar’s total value locked (TVL) has hovered near $220 million throughout July, while active address counts remain elevated relative to previous months. This ongoing engagement suggests that users are still participating in network activities, despite muted price action.
With XLM yet to break key resistance, traders are closely monitoring whether buyers can regain control and drive further gains. The combination of expanding RWA activity, robust user engagement, and improving structural stability continues to shape the outlook for Stellar’s ecosystem in the coming days.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple (XRP) and Stellar (XLM) trade within tight ranges on Tuesday as traders await the next directional move. XRP’s technical indicators suggest bearish momentum is fading, while XLM continues to consolidate near a critical support zone. Mixed derivatives metrics highlight growing market indecision, raising the likelihood of a volatile breakout in either direction in the coming days.
Derivatives positioning shows mixed biasDerivatives data shows mixed sentiment. CoinGlass’ long-to-short ratio for both XRP and XLM reads 0.88 and 0.81, respectively, on Tuesday. The ratio being below one, indicates bearish sentiment, as traders are betting the assets' prices will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassMeanwhile, the funding rates show a positive bias for both altcoins. XRP funding rates flipped positive on July 14 and continue to remain in bullish territory, reading 0.0081% on Tuesday. Similarly, for XLM, the metrics turned positive on Monday, reaching 0.0068% on Tuesday. These positive rates indicate that longs are paying shorts and project bullish sentiment.
XRP funding rate chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassOn-chain data shows mixed sentimentCryptoQuant’s summary data shows mixed bias. XRP’s spot and futures markets show large whale orders with neutral conditions in other metrics, supporting a potential recovery.
However, XLM shows selling-side dominance in both markets with large whale orders, hinting at cautious sentiment among traders and capping any potential recovery.
XRP summary data. Source: CryptoQuant
XLM summary data. Source: CryptoQuantXRP technical outlook: Fading bearish strengthXRP price trades at $1.11 on Tuesday after a slight recovery in the previous day. However, XRP is holding below the short-, medium- and long-term Exponential Moving Averages (EMAs), which keeps the near-term bias capped despite improving momentum. The 50-day EMA at $1.14 and the 23.6% Fibonacci retracement at $1.13 sit just overhead as immediate resistance, while a mid-range Relative Strength Index (RSI) around 51 and a positive Moving Average Convergence Divergence (MACD) histogram hint that selling pressure is easing rather than reversing.
On the topside, initial resistance is clustered between the 23.6% Fibonacci retracement at $1.13 and the 50-day EMA at $1.14, followed by a broader structural band around the 38.2% Fibonacci retracement at $1.21 and the 100-day EMA at $1.23. Higher up, the 50% retracement level at $1.27 and the horizontal barrier at $1.28 precede deeper retracement resistance at $1.34, marking a more distant ceiling.
On the downside, immediate support is defined by the psychological horizontal floor at $1.00, where buyers would be expected to defend the broader bullish cycle.
XLM technical outlook: Consolidates around key support zonesXLM price trades at $0.187 on Tuesday, consolidating below the key 50-day and 100-day EMAs around $0.187, keeping the near-term bias bearish despite a slight improvement in momentum. Price is marginally above the 100-day EMA at $0.187, hinting at tentative underlying support, while the RSI is near 47 and a mildly positive MACD reading suggests consolidative rather than impulsive selling pressure at current levels.
On the topside, immediate resistance is seen at the 50-day EMA at $0.189, followed by the 200-day EMA at $0.196 and the 61.8% Fibonacci retracement at $0.200.
On the downside, initial support comes from the 100-day EMA at $0.187, ahead of the horizontal floor at $0.177 and the 78.6% Fibonacci retracement at $0.173, with a deeper cushion only at the $0.142 horizontal level if bearish pressure resumes.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Chainlink, a leading decentralized oracle network, is maintaining its bullish structure as buyers continue to defend a critical accumulation zone. Market participants have interpreted this trend as a sign of confidence in the token’s long-term outlook, further supported by a recent partnership with United Stables, a growing stablecoin issuer.
LINK sustains momentum after recent gainsLINK is currently trading at $8.52. Over the past 24 hours, trading volume has reached $221 million, with a total market capitalization of $6.38 billion. Following a 2.27% increase in price during this period, analysts have identified positive signals in LINK’s price structure and ongoing network adoption.
Crypto analyst Moe stated that LINK retains a higher-timeframe bullish structure, despite a recent pullback that brought the token back to a long-term accumulation zone. This area had previously served as support during the bear market, and renewed buyer interest has reinforced optimism around LINK’s price trajectory.
Market experts note that maintaining this consolidation range can reinforce bullish momentum and may drive LINK above $100, provided buyer interest persists and broader crypto market conditions remain favorable.
The token’s ability to defend key accumulation areas is being watched closely as a potential catalyst for further gains.
United Stables partners with Chainlink for cross-chain expansionUnited Stables, a stablecoin project with a circulating supply exceeding $1 billion, has chosen Chainlink as its official data oracle and provider for cross-chain infrastructure. This partnership aims to support the expansion and interoperability of the United Stables ecosystem across DeFi platforms.
United Stables selected Chainlink due to its institutional-grade security and infrastructure, which the company sees as essential for stablecoin adoption at global scale. Integration of Chainlink’s protocol will enable United Stables to facilitate secure cross-chain communication, improve data accuracy, and increase trust among both developers and users.
Mini dictionary: Chainlink is a protocol that connects smart contracts to off-chain data through decentralized oracles, enabling secure and verifiable data feeds for blockchain networks.
The partnership is expected to help United Stables’ $1 billion stablecoin reach additional decentralized finance use cases and networks, particularly on BNB Chain.
ProjectRoleMain FocusChainlinkData oracle & cross-chain infrastructureEnabling secure DeFi connectivityUnited StablesStablecoin issuerExpanding stablecoin reach in DeFiIntegration of Chainlink’s technology is designed to boost United Stables’ interoperability and accessibility, fostering greater adoption within the decentralized finance sector.
Outlook for LINK and continued market momentumThe combination of bullish price momentum and expanding network integrations has contributed to a positive outlook for LINK. The token is increasingly seen as a key asset for institutional-grade DeFi infrastructure.
If LINK maintains its price above major accumulation levels, analysts expect bulls to target higher resistance zones, which could drive further upside in the current market environment.
Growing institutional partnerships, along with broader market interest, could drive additional capital into LINK, reinforcing its position as a central player in the decentralized data and infrastructure 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.
LINK’s exchange balance is shrinking at a pace that matters far more for market structure than for short-term price oscillators. According to the latest Santiment update, more than 15.7 million LINK—roughly 12% of the known exchange supply—left trading platforms over the past month. Sunday alone saw net outflows of 1.04 million tokens, one of the largest single-day moves during the entire stretch. That kind of draining of readily sellable supply resets the supply-demand dynamic in a tangible way.
Fewer tokens sitting on order books mean aggressive sellers either have to chase prices higher or wait for a repositioning that may not come soon. The signal isn’t just about bullish positioning; it’s about the rationale behind the movement. These outflows didn’t follow a price surge or a hype cycle—they stacked up during a month packed with institutional-grade catalysts that reframe how oracle infrastructure gets valued. The DTCC processed production trades using tokenized US securities, a milestone that arrived as the tokenization market crossed live settlement milestones with trades between major institutions. Chainlink was listed among the technology providers involved, and CCIP expanded to the Canton Network, linking that permissioned ecosystem to Ethereum.
In parallel, ADI Predictstreet—the official prediction market partner of the 2026 FIFA World Cup—adopted Chainlink as its exclusive oracle infrastructure for market resolution and instant payouts. That pulls demand visibility into mid-2026, when the World Cup could draw real user volume from far outside crypto-native circles. With interoperability architectures becoming more concrete, as seen in developments like decentralized computing partnerships that power active Web3 applications, the need for reliable oracle networks connecting off-chain data to on-chain execution grows less theoretical by the month.
What the Exchange Outflow Signal Actually Says A 12% monthly drop in known exchange supply is not a gentle rotation; it is a structural change in available float. When tokens move off exchanges in large clips without an obvious speculative trigger, the simpler explanation is that participants are moving them for reasons other than selling. Whether that involves staking, cold storage, or direct custody for institutional use cases, the effect is the same: the tokens sitting on venues that facilitate liquid exits keep getting scarcer. In the context of a build-up in real-world tokenization ties and cross-chain oracle adoption, the outflow pattern looks more like positioning around utility expansion than a temporary sentiment swing.
The Overhang Nobody Is Talking About Still, several pieces remain unconfirmed. It is not clear what proportion of the outflows went to custody-only wallets versus smart contracts tied to DeFi deployments, and whether those tokens would return quickly if a new fear event hits. Prediction market demand—while promising—is also lumpy, and June’s adoption does not yet guarantee sustained fee generation during the tournament. On the regulatory side, tokenized securities are still in a fragile zone, and any reversal in policy could chill the very infrastructure plays that Chainlink is betting on. The supply contraction is real, but the market is still pricing in a utility ramp that hasn’t fully materialized yet. That gap between off-exchange accumulation and live protocol revenue is where the next move will be decided.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
5 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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Spot silver's intraday gain has expanded to 3%
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Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.
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Hong Kong-listed Zhipu’s shares surged over 30% in afternoon trading, as the company put into operation a 1GW domestic computing power center and completed the acquisition of Zhongke Jiahe.
According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
5 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
5 minutes ago
Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
5 minutes ago
Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.
According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.
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Hong Kong-listed Zhipu’s shares surged over 30% in afternoon trading, as the company put into operation a 1GW domestic computing power center and completed the acquisition of Zhongke Jiahe.
According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
5 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
5 minutes ago
Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
5 minutes ago
Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.
According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.
5 minutes ago
UK Parliament Launches Investigation Into Banking Services for Crypto Industry
The UK Parliament’s cross-party Digital Assets Group has launched an investigation into banking services for the local crypto industry. The probe will focus on assessing the difficulties crypto firms face when opening and maintaining bank accounts, as well as the restrictions banks impose on crypto asset-related transactions.
5 minutes ago
Hong Kong-listed Zhipu’s shares surged over 30% in afternoon trading, as the company put into operation a 1GW domestic computing power center and completed the acquisition of Zhongke Jiahe.
According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
5 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
5 minutes ago
Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
5 minutes ago
Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.
According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.
5 minutes ago
UK Parliament Launches Investigation Into Banking Services for Crypto Industry
The UK Parliament’s cross-party Digital Assets Group has launched an investigation into banking services for the local crypto industry. The probe will focus on assessing the difficulties crypto firms face when opening and maintaining bank accounts, as well as the restrictions banks impose on crypto asset-related transactions.
5 minutes ago
Hong Kong-listed Zhipu’s shares surged over 30% in afternoon trading, as the company put into operation a 1GW domestic computing power center and completed the acquisition of Zhongke Jiahe.
According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase Vice Chair Ryan VanGrack stated on CNBC that the Clarity Act, a bill designed to establish a federal regulatory framework for digital assets, is making significant progress in the US Senate. VanGrack, who previously served at the Securities and Exchange Commission (SEC), emphasized that the legislation is not about reducing oversight, but instead about introducing comprehensive regulation to the crypto sector for the first time.
Clarity Act gains support in the SenateThe Clarity Act, which had already passed in the House last year, now faces its most critical phase in the Senate. Achieving 60 votes remains an essential challenge. Earlier this year, the Senate Banking Committee advanced the bill with a 15-9 vote, including support from two Democratic senators. Lawmakers in the House have urged the Senate to act before the scheduled August recess. The measure has entered a narrow negotiation window as discussions continue over the final terms.
Former President Donald Trump recently voiced support for the legislation, calling on the Senate to approve the bill. Trump, who posted the message on Truth Social, framed the debate around the need for the US to keep pace with China in the digital asset sector.
VanGrack noted that Democratic senators negotiated additions that would bolster consumer protections in the final version of the bill. These include a new framework for addressing illicit finance, closing what he referred to as the “FTX loophole,” implementing safeguards against insider trading, and expanding disclosure requirements.
Across the board, the Democrats have obtained meaningful concessions to make what was already a strong consumer protection bill that much stronger, according to VanGrack.
He also stated that the legislation would maintain the classification framework for digital assets, preserving the current definitions of commodities and securities. The bill is expected to retain the House’s requirements for registration, examination, and oversight by regulatory agencies.
Wall Street and crypto: Convergence and conflictWhen asked about ongoing skepticism from prominent industry figures like JPMorgan CEO Jamie Dimon, VanGrack highlighted a steady stream of partnerships and investments between traditional financial institutions and crypto firms. He predicted that the line between traditional finance and digital assets will continue to blur, as more entities treat both as part of a unified financial sector.
This trend is evident in moves such as the partnership between JPMorgan, a leading global bank, and Coinbase, a prominent cryptocurrency exchange. JPMorgan has also recently accepted bitcoin as loan collateral and allowed clients to trade digital assets.
Despite these developments, Dimon remains opposed to the Clarity Act and has openly criticized Coinbase CEO Brian Armstrong, signaling ongoing tension between traditional banking and the emerging crypto industry.
Mini dictionary: JPMorgan is one of the largest banking institutions in the world, actively exploring blockchain technologies and digital asset initiatives while maintaining a conservative stance on full crypto adoption.
Debates on bitcoin’s real-world valueThe conversation also addressed the distinction between blockchain technology and bitcoin as a digital asset. CNBC’s Andrew Ross Sorkin questioned whether blockchain is a legitimate innovation while bitcoin itself is not. VanGrack acknowledged this as a fair question and argued that blockchain technology offers significant benefits such as faster transactions, greater transparency, and 24/7 settlement.
He pointed out that no modern financial system would be designed based on models from the previous century, and cited Citadel Securities’ recent investments in digital assets as evidence of a broader institutional trend toward crypto adoption.
Sorkin raised concerns about customer protections, noting that decentralized technology reduces traditional safeguards such as a clear counterparty in case of problems. VanGrack conceded those issues but highlighted the inefficiencies and risks associated with existing financial systems, including delayed trade reconciliations and increased counterparty risks.
VanGrack stressed that there are still open questions for lawmakers to address, including whether crypto accounts should accrue interest or offer loyalty rewards, which could be decided by new regulations.
He concluded that, “In the absence of clarity, you do not have a federal oversight and framework. So whether you love crypto or hate crypto, you should want the Clarity Act.”
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.
AAVE, the native token of the decentralized lending protocol Aave, has shown renewed strength in recent trading sessions as technical indicators and investor sentiment suggest the potential for a bullish reversal. Increased protocol activity, rising deposits, and higher lending capacities are contributing to the platform’s expanding role within the decentralized finance (DeFi) sector.
Technical Indicators Signal UptrendAt the time of writing, AAVE trades at $89.51 with a 24-hour trading volume of $167.6 million and a market capitalization of $1.37 billion. The token has exhibited signs of stability over the past day, with recent price movements and growing deposits pointing to an imminent reversal in its price trajectory.
Crypto analyst Michael van de Poppe noted that AAVE is demonstrating notable strength against Bitcoin after surpassing its daily moving averages. These averages, now acting as support levels, have historically signaled periods when buyers accumulate positions during pullbacks, leading to stronger upward trends in subsequent sessions.
AAVE recovering its daily moving averages and holding them as support has put the token in an accumulation zone, where buyers may increase their positions as market sentiment turns more optimistic.
Despite these technical improvements, many investors remain cautious, reflecting a broader sense of hesitation that has restrained aggressive buying even as signals turn positive. Market observers believe that sustained price action above key moving averages could spark renewed confidence and encourage greater participation.
The Aave protocol has reported that its latest version, Aave v4, is approaching a $300 million deposit milestone. This growth reflects expanding user interest in decentralized lending products and increased adoption across the DeFi ecosystem.
Aave has raised lending and borrowing limits for several supported tokens in response to rising platform demand. These adjustments are designed to facilitate greater activity and manage the influx of new users without causing instability within the protocol.
As liquidity and borrowing on Aave continue to rise, the platform solidifies its position as a leading DeFi player. The positive outlook for AAVE, underpinned by technical signals and user growth, could result in a price breakout if favorable conditions persist.
Future price movements for AAVE will depend on buyers’ willingness to support the token at critical technical thresholds. Sustained accumulation and heightened DeFi activity could power the next rally, especially as ongoing use of Aave v4, increasing liquidity, and rising lending demand continue to bolster market sentiment.
Mini dictionary: Aave is a decentralized, non-custodial lending protocol that allows users to earn interest on deposits and borrow assets against crypto collateral, playing a key role in the DeFi sector.
MetricCurrent ValueRecent ChangeAAVE Price$89.51Stable over 24 hoursAave v4 Deposits$300 million (approaching)RisingMarket Cap$1.37 billionStable While technical upgrades and ecosystem growth drive optimism, AAVE’s future movement will depend on sustained buyer support and continued DeFi adoption.
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 (UNI) is maintaining a bullish outlook as it tests a pivotal resistance zone, with market participants closely watching for an imminent move. Sustained growth in decentralized exchange (DEX) activity is helping to reinforce user trust in the protocol, underlining its leadership position and building expectations for ongoing ecosystem development.
UNI Price Structure Approaches Key ResistanceUNI last changed hands at $3.50, with a daily trading volume of $136.3 million and a total market capitalization of $2.19 billion. Over the past day, the token has remained stable, while its technical formation and increasing DEX transaction volumes suggest the potential for a bullish reversal.
Technical analyst Crypto With Gopal pointed out that UNI continues to recover within a rising wedge pattern, which is generally characterized by a series of higher highs and higher lows. This pattern reflects persistent buyer activity and heightened interest in the asset.
Although the underlying bullish structure remains in place, analysts observed that price momentum is gradually slowing as UNI approaches notable resistance, which could signal that traders are bracing for a significant shift in market direction.
Impact of Uniswap DEX Volumes and User AdoptionA decisive breakout from the rising wedge—especially if combined with higher trading volumes—would likely reinforce positive momentum and may propel UNI toward the next resistance at $4. Conversely, a pullback could trigger consolidation towards important support levels on the chart.
Maintaining a close watch on technical levels and trading volumes remains critical for traders navigating the current market. Through platforms like CryptoAppsy, which requires no account setup, investors can monitor real-time prices, set smart price alerts, access detailed charts, and manage their multi-currency portfolios on a single screen. This all-in-one solution empowers users to discover newly listed altcoins, filter news by coin, and stay informed with key macroeconomic indicators such as Fed interest rates, enabling swift moves as market opportunities emerge.
Data from MSB Intel showed that Uniswap V4 led the DEX market last week, recording $7.95 billion worth of trades. This marked the protocol’s growing dominance and suggests robust user adoption amid a steadily expanding DeFi sector.
Uniswap V3 also maintained a strong position with $6.99 billion in weekly volume, while PancakeSwap AMM V3 recorded $3.26 billion. The latest rankings highlight fierce competition among top decentralized exchanges, with Uniswap’s ecosystem seen as a primary driver of confidence and sustained user interest.
Uniswap’s consistently high trading volumes signal increasing adoption by users and heightened activity in on-chain trading across the DeFi sector.
Potential Price Scenarios for UNIDespite upward price predictions and steady DEX volume growth, UNI remains in a neutral technical trajectory for now. Broader crypto market sentiment is turning more positive, which could create favorable conditions for a breakout above the rising wedge resistance if strong trading activity persists.
Should UNI manage to overcome this overhead barrier with convincing volume, analysts anticipate a quick push towards higher price targets, strengthening market optimism. If resistance holds, the token could see continued consolidation around key support levels.
The recent acceleration in Uniswap V4’s trade activity is set to play a decisive role in guiding UNI’s price action in the near term.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Morgan Stanley, Wall Street’s largest wealth manager, has filed for a Solana spot ETF with the lowest sponsor fee in the U.S., at 0.14%. Concurrently, SBI Global Asset Management has launched Japan’s first tokenized equity fund on the Solana blockchain. Despite these significant institutional developments, Solana’s native token, SOL, remains at a 2.5-year low, within the $68–$77 range.
The Morgan Stanley ETF filing includes prominent service providers such as Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada, passing 95% of yield rewards to fund holders. Meanwhile, the SBI-JX fund offers institutional and accredited investors on-chain access to a high-dividend Japanese equity strategy. These moves mark a notable increase in institutional infrastructure around Solana, suggesting a growing adoption of blockchain technology in traditional financial markets.
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Despite these advances, market pricing suggests limited immediate impact on Solana’s price, with a consistent risk-off sentiment prevailing. Current market data indicates only a 9% likelihood that Solana will reach $90 by August 1, 2026, reflecting cautious optimism amid broader market conditions.
Key Takeaways Morgan Stanley’s filing of a low-fee Solana ETF and SBI’s launch of a tokenized equity fund on Solana suggest increased institutional interest in the blockchain. Solana’s price remains near multi-year lows, indicating a disconnect between institutional adoption and current market sentiment. Market pricing suggests a low probability of significant short-term price increases for Solana, with a 9% chance of reaching $90 by early August. What to Watch Investors and analysts will be closely monitoring the response of the SEC to Morgan Stanley’s ETF filing, as approval could indicate increased institutional adoption. Additionally, the performance and adoption of the SBI-JX fund in Japan may provide further insights into the viability of tokenized equity products. Market participants will also watch for broader macroeconomic factors and regulatory developments that could impact Solana’s price trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 9% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 3.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 21% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
$PUMP climbs on heavy volumeThe native token of Solana memecoin launchpad Pump.fun tagged a two-month high of $0.002087 on July 20, gaining roughly 13% on the day and around 40% over the prior seven days. Twenty-four-hour trading volume surged more than 400% to approximately $237 million, underlining the breadth of the move rather than a thin-liquidity spike.
$PUMP is the native token of Pump.fun, a Solana-based platform that simplifies the creation and trading of memecoins. Pump.fun is a permissionless token launchpad on Solana that lets anyone create a fully functional memecoin in under sixty seconds for about $2 in fees. Since launching in January 2024, it has powered millions of token launches and billions in trading volume, and has become the epicenter of Solana's memecoin mania.
Ansem reveals a PUMP positionThe catalyst that traders pointed to was a public disclosure from @blknoiz06, the crypto trader widely known as Ansem, who revealed a $PUMP buy and outlined a bull case for the launchpad. Ansem is a crypto trader, investor, and influencer primarily associated with the Solana ecosystem. He built his reputation as an early supporter of Solana and memecoins like Dogwifhat and Bonk, and is widely credited with calling Solana's 2023 rally from around $8 to nearly $300. His commentary often influences short-term market sentiment across Solana assets.
The move comes weeks after Ansem's own namesake token, $ANSEM (The Black Bull), became one of the more talked-about memes in Solana's trenches. A Solana memecoin called The Black Bull (ANSEM) climbed nearly 20,000% in seven days in late June 2026, pushing its market cap past $60 million from a starting point measured in the tens of thousands of dollars. That run reanimated broader interest in Solana's memecoin culture, and Ansem's willingness to now go public with a $PUMP position has added fresh momentum to the launchpad's own token.
Pump.fun itself remains one of the dominant forces in Solana's on-chain economy. According to DefiLlama, Pump.fun's annualized fees were $268.83 million as of April 2026, showing the platform was still generating large fee volume after its earlier peak growth phase. Traders will be watching whether Ansem's endorsement is enough to sustain the rally or whether $PUMP gives back gains as attention rotates to the next narrative.
As with all memecoin-adjacent assets, price moves can reverse sharply. This article is for informational purposes only and is not financial advice.
Sources:
Pump.fun ($PUMP) price data, Coinbase
Pump.fun Launchpad Review 2026, CryptoSlate
Who Is Ansem in Crypto, BTCC Academy
Tokenized assets on the Solana blockchain have reached a new pinnacle, totaling $5.8 billion in the second quarter of 2026. This figure marks a 114% increase from the previous quarter, continuing a trend of six consecutive quarterly all-time highs. The surge is largely driven by tokenized stocks, which accounted for roughly $4.8 billion of the network’s total tokenized equity activity. Solana’s dominance in institutional real-world asset settlement is further cemented, as it manages over 96% of all tokenized stock trades on blockchain networks. This growth occurs despite a decline in broader decentralized exchange (DEX) spot volume.
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Key Takeaways The record-setting $5.8 billion in tokenized assets on Solana suggests robust institutional demand and strengthens its competitive position as a leading blockchain for tokenized stocks. The market pricing for Solana reaching $90 in July reflects an increase in confidence, with YES outcomes rising from 6% to 9% over the past 24 hours. The continuous quarterly growth in tokenized assets on Solana is consistent with scenarios where increased adoption and confidence in Solana’s capabilities could drive further interest and value. What to Watch Watch for any further increases in tokenized asset volumes on Solana, as these could indicate sustained institutional interest. Key developments to monitor include potential regulatory changes or new financial product approvals that could impact Solana’s market positioning. Additionally, movements in Solana’s price, especially if it approaches the $90 mark, could suggest shifts in market confidence and demand dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 9% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.5% — — View market → August 1 2026 2.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 23% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Solana (SOL) is retesting a key support level, with market participants monitoring whether this zone will maintain bullish momentum or trigger enhanced selling pressure. As cross-chain inflows into the Solana network increase, investor confidence and activity in the ecosystem appear to be strengthening.
Price action and technical outlookSOL is trading at $76.17, supported by a 24-hour trading volume of $1.8 million and commanding a market capitalization of $44.4 billion. Recent price stability and network growth have contributed to a positive outlook among analysts, with several suggesting the groundwork for a bullish reversal is forming.
Technical analyst Daan Crypto Trades highlighted that Solana is nearing a major high-timeframe technical zone, which could determine its next directional move. Experts emphasized the importance of buyers defending the current level and forming a higher low to keep the bullish structure intact.
If Solana’s support at present levels holds, bulls could target a move toward resistance near $97. Conversely, failing to maintain this range opens the possibility for downside moves, potentially driving the price toward the mid-$60s, where historical buying interest has previously emerged.
Analysts underscored the need for strong buyer defense at the current support to sustain Solana’s bullish market structure, with an eye on reclaiming resistance around $97 if momentum persists.
Rising investor interest and network growthBlockchain monitoring platform Solana Floor reported a net inflow of $26 million into Solana’s blockchain over the past week. This increased capital movement is viewed as renewed investor interest, reflecting the platform’s appeal through rapid transaction speeds, low fees, and an expanding suite of DeFi products and decentralized applications.
Liquidity flowing across chains and into Solana’s ecosystem has also been associated with growing confidence, as regular inflows support market engagement and DeFi activity. Experts anticipate these trends could further boost network participation and contribute to a broadly positive sentiment around the asset.
A steady rise in cross-chain inflows, combined with robust support holding at key technical levels, could reinforce buyer activity and drive SOL closer to higher resistance zones. However, if the current support is breached, increased sell pressure may prompt a notable retracement.
Portfolio management and market toolsAs traders navigate Solana’s volatile price action, access to comprehensive market tools and portfolio management platforms remains a priority. In this context, managing investment positions efficiently demands tracking real-time prices, technical indicators, and key macroeconomic catalysts such as Federal Reserve interest rates. Platforms like CryptoAppsy aim to meet these needs, offering a unified interface where users can follow live prices, detailed charts, and monitor all holdings across multiple currencies.
Through features such as smart price alerts, coin-specific news feeds, and detection of newly listed altcoins, users can stay updated and respond quickly to opportunity. The integration of critical data alongside portfolio management is seen as essential in remaining competitive in volatile markets like Solana’s.
Continuous cross-chain liquidity support and robust market tools could help investors closely track price zones and maximize opportunity in the rapidly evolving Solana 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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
In a notable liquidity event, $500 million in USDC was minted on the Solana blockchain, as reported by @martypartymusic. This issuance, completed in two tranches of $250 million each, significantly boosts the dollar liquidity available on Solana. With Solana currently holding between $7.74 billion and $10 billion in circulating USDC, this new influx represents a substantial addition to its existing stablecoin supply. The move is perceived to align with increased institutional demand for Solana as a favored platform for decentralized finance (DeFi) and other financial applications.
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The issuance of such a large amount of USDC on Solana may indicate potential shifts in market dynamics. As a result, there is speculation around its impact on Solana’s price, particularly in relation to the ongoing market question of whether Solana will hit $90 within July. Despite the substantial liquidity input, the source tier of the information could affect the degree of market movement.
Key Takeaways The recent issuance of $500 million USDC on Solana appears to suggest growing institutional interest in the platform. Market pricing suggests that the increased liquidity could be supportive of a positive price movement for Solana, yet source credibility may temper immediate impacts. Current market odds for Solana reaching $90 in July have seen some fluctuations, with a recent increase to 9% from 6% just 24 hours ago. What to Watch Observers will be closely monitoring Solana’s price movements in the coming days to see if the increased liquidity translates into upward momentum. Key indicators include any substantial changes in volume or new institutional announcements that reinforce Solana’s role in DeFi. Additionally, developments related to the broader financial environment, such as regulatory changes or macroeconomic shifts, could also influence market sentiment and Solana’s price trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 9% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 21.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Solana has unveiled a new platform that provides detailed, on-chain analytics for tokenized stocks, positioning itself prominently in the evolving landscape of digital asset management. Unlike early tokenized equity pilots, this development transforms tokenized stocks into quantifiable and transparent operations directly recorded on the blockchain.
New analytics platform emergesThe new Solana-based dashboard allows users to explore, filter, and compare tokenized equity market share across various blockchains. Investors and other stakeholders can analyze data by company, asset type, or token issuer, offering a level of insight that has rarely been available in the sector. Visualization tools include stacked horizontal bar charts, doughnut charts, and line graphs.
Users are able to drill down by metric, issuer, and underlying asset, providing customizable views of the tokenized equities ecosystem. This setup contrasts with typical total value locked (TVL) dashboards, offering nuanced analytics that track growth rates of individual issuers in relation to the broader development of digital assets.
The platform’s design responds to growing calls for transparency as more physical financial assets transition to digital forms. This increased openness seeks to reduce knowledge gaps between participants, benefiting institutional investors, funds, and exchanges through reduced informational asymmetry.
Institutions can now assess differences in liquidity, distribution mechanisms, and custody models among issuing platforms more efficiently. Developers are equipped to benchmark issuance activity and monitor evolving trends, while exchanges gain access to comparative data across multiple chains.
Mini dictionary: Tokenized equity, also known as tokenized stocks, refers to digital tokens that represent ownership in traditional company shares but are settled and tracked on a blockchain network, enabling fractional investment and transparent transfer of equity assets.
Solana’s focus on issuer-level and asset-level analytics offers a mature framework that provides not only visibility for traders, but also robust benchmarking and comparison capabilities for institutional market players.
Competitive environment among blockchainsSolana’s launch arrives at a time when other major blockchain networks, including Ethereum, Base, and some Layer 2 solutions, are expanding their own real-world asset (RWA) tokenization offerings. This environment of heightened competition drives innovations in analytics, transparency, and settlement technology.
The dashboard’s ability to compare Solana’s market share directly with rival chains is seen as a key differentiator. Analysts report that issuer- and asset-level data may help set industry standards as tokenized equities gain broader adoption.
The ongoing development of settlement systems, compliance mechanisms, and collaboration with broker-dealers is anticipated to shape the next phase of growth for digital securities. Reliable, standardized data feeds are expected to become vital infrastructure for exchanges and financial institutions in this space.
BlockchainFocus AreaKey Analytics AvailableSolanaTokenized equity, on-chain analyticsIssuer-level, asset-level, market shareEthereumRWA tokenization, DeFi integrationTVL, asset distributionBaseLayer 2 scaling, RWA initiativesTokenization metrics, scaling statsWith customizable data filters and multiple visualization formats, the Solana dashboard provides investors and developers with deeper insights into the growth and distribution of tokenized stocks across competing chains.
Industry strategies evolveSolana is reinforcing its position by providing market participants with actionable data for evaluating the performance and structure of tokenized asset issuers. The transition from basic experiments to measurable, on-chain operations marks a shift toward greater institutional adoption as transparency and comparability become industry standards.
As asset tokenization expands, future performance is expected to rely not only on market interest but also on enhancements to exchange features, compliance infrastructure, and settlement solutions. Collaborative initiatives involving broker-dealers are increasingly becoming integral to advancing digital equity 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.
According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high market cap of over $39 million, and is now trading at $34 million, up 110% in 24 hours with around $10 million in trading volume over the same period. PONS is the native platform token of Pons, a token-launching platform on Robinhood Chain. The platform supports creating and issuing fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns PONS fees. It is viewed by some community members as the "pump.fun" of Robinhood Chain.
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A crypto whale deposited an additional $16 million USDC into Hyperliquid, bringing its current short position to $43.9 million.
According to monitoring by OnchainLens, a crypto whale deposited a total of $16 million USDC into the Hyperliquid platform over the past 24 hours, with the latest deposit amounting to $11 million. The wallet currently holds short positions worth approximately $43.9 million on Hyperliquid, including $28.3 million in SKHX shorts, $14.56 million in BRENTOIL shorts, as well as short positions in assets such as HIMS, SMSN, and NVDA.
12 minutes ago
Competition intensifies on Robinhood Chain’s launchpad, as PONS surges past $30 million in market cap after catching Vlad’s attention.
According to GMGN monitoring, Robinhood ecosystem token PONS rallied sharply today, with its market cap briefly surging past $39 million to hit an all-time high, before pulling back to $28 million. It still holds a 39% 24-hour gain, with trading volume around $13.6 million in the same period. Market attention is centered on Robinhood CEO Vlad Tenev following PONS founder MEADGod this morning. Current market expectations revolve around competition for Circus Trade, the new meme token launchpad in the Bonk ecosystem. As one of the native tokens of the Pons launchpad, PONS broke through its previous high after renewed capital inflow. The Robinhood market has recently been consistently pricing on-chain infrastructure and "utility-type" tokens. Related reading: Robinhood's Launchpad Battle Royale: Who Will Come Out on Top? BlockBeats Note: On-chain token trading is highly volatile, often driven by market sentiment and concept hype, with no actual value or use cases, so investors need to exercise caution.
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Korea Exchange triggered a procedural trading halt for the KOSPI index.
Due to fluctuations in the KOSPI index, South Korea activated relevant mechanisms and initiated a programmatic trading halt.
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Yesterday, Bitcoin spot ETFs saw a net inflow of $226.8 million; Ethereum spot ETFs recorded a net inflow of $38 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $226.8 million yesterday. Among them, BlackRock’s IBIT saw a net inflow of $116.5 million, ARKB recorded $72.7 million, Fidelity’s FBTC pulled in $24.1 million, while Grayscale’s GBTC registered a net outflow of $45.4 million. For spot Ethereum ETFs, net inflows reached $38 million yesterday. Specifically, BlackRock’s ETHA brought in $34.3 million, FETH saw a $2.8 million inflow, TETH posted a $900,000 inflow, with all other products reporting zero net inflows.
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After 11 months of inactivity, a crypto whale transferred 9,000 ETH to Cumberland, valued at approximately $17.19 million.
According to monitoring by OnchainLens, a whale address dormant for nearly 11 months transferred 9,000 ETH to the Cumberland wallet, worth about $17.19 million, and is expected to be used for over-the-counter (OTC) trading. Prior to this, the address had deposited a total of roughly 50,000 ETH (valued at approximately $205.67 million) into the FalconX wallet via 13 transactions.
12 minutes ago
Analysis: Bitcoin's MVRV percentile drops to 5%, a level that historically typically marks the long-term bottom zone.
CryptoQuant analyst Darkfost wrote in a post that after Bitcoin (BTC) fell below $60,000 in February and entered the capitulation zone, its MVRV percentile dropped below 10%, hitting the historically defined undervalued territory. Since June, the metric has shown a similar trend again. Unlike the traditional MVRV indicator, the MVRV percentile measures the current MVRV’s position relative to historical cycles, and by incorporating a historical probability dimension, it better reflects the current market environment. Currently, BTC’s MVRV percentile stands at around 5%, meaning Bitcoin has spent roughly 95% of its historical trading time at higher MVRV levels. This indicates BTC is significantly undervalued relative to its historical evolution, and such phases have historically coincided with long-term bottom regions.
Wrapped Ethereum’s whale transaction count has just breached a level untouched for half a decade. According to the Santiment update, the WETH network recorded 113,000 transactions exceeding $100,000 in the past seven days—the highest since May 2021. The number is not just a statistical curiosity. WETH functions as the plumbing for Ethereum’s DeFi ecosystem, and a spike of this magnitude suggests serious capital is moving through trading, lending, and liquidity rails, not parking idly in cold storage.
The market backdrop makes the signal even harder to dismiss. U.S. spot Ether ETFs have been absorbing accelerated inflows, with BlackRock’s ETH products among the beneficiaries. Over on the L2 frontier, Robinhood Chain launched on July 1 and has been processing substantial DEX volume, using ETH for gas fees. That kind of utility-driven consumption feeds directly into WETH demand, since the wrapped asset is the standard for most DeFi interactions. It is a different kind of demand than the retail-driven mania of 2021.
Institutional and Treasury Activity Aligns Corporates are adding their own weight. Bitmine lifted its Ethereum stack to around 5.8 million ETH, a figure that places it among the protocol’s largest known holders. Bitmine, SharpLink, and Joe Lubin also threw their support behind Ethlabs, a project designed to make Ethereum more palatable for institutional participants. These moves line up with the broader reawakening tracked in on-chain metrics. It is the kind of coordinated signal that makes developer activity leaderboards worth monitoring alongside capital flows—both point toward where conviction is building.
Treasury accumulation, ETF inflows, and L2 gas demand create a multi-layered demand base that was absent during the last WETH whale spike. Back then, euphoric DeFi speculation and NFT minting fueled transaction bursts. Now the driver set includes regulated products, corporate treasuries, and high-throughput L2s. While that doesn’t guarantee price appreciation, it does shift the risk profile of Ethereum’s demand from purely speculative to partially structural.
Uncertainty and What to Watch Whale activity alone is not a buy signal. Santiment itself cautions that none of this “proves a straight-line rally.” Large transaction counts can spike during distribution phases or exchange movements just as easily as during accumulation. The current data does not break down direction—whether whales are moving into DeFi to deploy or moving onto exchanges to reduce exposure is not clear from the top-line metric. Traders should watch for confirmation in exchange netflows and stablecoin movement on Ethereum.
Still, the fact that the spike is occurring alongside growing institutional infrastructure—a trend echoed by recent tokenization milestones—gives the signal more weight than a random outlier. If subsequent weeks show the elevated transaction level holding, it would mark a genuine structural change in how capital flows through Ethereum’s ecosystem, one that has until now been masked by lower activity periods.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews July 21 news, according to SoSoValue data, crypto market sectors broadly rebounded, with the DeFi sector standing out, up 2.28% in 24 hours. Within it, Hyperliquid (HYPE) rose 3.55%, DeXe (DEXE), Uniswap (UNI), and Lido DAO (LDO) rose 4.96%, 5.325%, and 11.80% respectively. Meanwhile, Bitcoin (BTC) rose 0.80%, breaking through $65,000; Ethereum (ETH) rose 1.88%, breaking through $1,900.
As for other sectors, the RWA sector rose 2.02% in 24 hours, with Maple Finance (SYRUP) up 6.13% within the sector; the PayFi sector rose 1.00%, Telcoin (TEL) up 2.62%; the Layer1 sector rose 0.62%, NEAR Protocol (NEAR) up 4.40%; the CeFi sector rose 0.22%, NEXO (NEXO) up 1.85%; the Meme sector rose 0.17%, Bonk (BONK) up 15.22%; the Layer2 sector rose 0.04%, Arbitrum (ARB) up 2.14%.
Only the SocialFi sector dipped slightly by 0.96%, where Gram (GRAM) fell 0.76%, but Chiliz (CHZ) rose 3.06%.
Despite the stock’s sharp, ongoing pullback, analysts maintain a bullish outlook on Japanese storage chip maker Kioxia, expecting its shares to resume their upward trend as supply-demand conditions improve. Currently, analysts’ average target price for Kioxia stands at 121,959 yen, 130% higher than its current share price. Kioxia’s stock fell to 52,110 yen last Friday, half of its all-time high set less than a month ago. Kazuyoshi Saito, senior analyst at Iwai Cosmo Securities, said: “Fundamentals have not changed at all. Backed by strong AI demand, the company’s solid profitability and growth prospects remain intact.” He set a target price of 132,000 yen, adding: “Once supply-demand distortions caused by factors like Korean ETFs ease, positive drivers including strong performance will push the stock higher.” (Jin10)
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Korea Exchange triggered a procedural trading halt for the KOSPI index.
Due to fluctuations in the KOSPI index, South Korea activated relevant mechanisms and initiated a programmatic trading halt.
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Yesterday, Bitcoin spot ETFs saw a net inflow of $226.8 million; Ethereum spot ETFs recorded a net inflow of $38 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $226.8 million yesterday. Among them, BlackRock’s IBIT saw a net inflow of $116.5 million, ARKB recorded $72.7 million, Fidelity’s FBTC pulled in $24.1 million, while Grayscale’s GBTC registered a net outflow of $45.4 million. For spot Ethereum ETFs, net inflows reached $38 million yesterday. Specifically, BlackRock’s ETHA brought in $34.3 million, FETH saw a $2.8 million inflow, TETH posted a $900,000 inflow, with all other products reporting zero net inflows.
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After 11 months of inactivity, a crypto whale transferred 9,000 ETH to Cumberland, valued at approximately $17.19 million.
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Analysis: Bitcoin's MVRV percentile drops to 5%, a level that historically typically marks the long-term bottom zone.
CryptoQuant analyst Darkfost wrote in a post that after Bitcoin (BTC) fell below $60,000 in February and entered the capitulation zone, its MVRV percentile dropped below 10%, hitting the historically defined undervalued territory. Since June, the metric has shown a similar trend again. Unlike the traditional MVRV indicator, the MVRV percentile measures the current MVRV’s position relative to historical cycles, and by incorporating a historical probability dimension, it better reflects the current market environment. Currently, BTC’s MVRV percentile stands at around 5%, meaning Bitcoin has spent roughly 95% of its historical trading time at higher MVRV levels. This indicates BTC is significantly undervalued relative to its historical evolution, and such phases have historically coincided with long-term bottom regions.
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U.S. intelligence agencies’ latest assessment: Pessimistic about a new round of strikes against Iran.
US intelligence journalist John Hudson reports that U.S. intelligence agencies hold a pessimistic view of a new round of military strikes targeting Iran: current and former officials say these strikes are unlikely to have a significant impact on Iran, nor will they likely soften its negotiating stance. According to U.S. intelligence analysts, Tehran and Washington are trapped in an indefinite deadlock between war and peace—a situation deeply troubling given the increasingly lethal tit-for-tat hostilities between the two sides. Additionally, they note that intelligence assessments on issues like Iran are not designed to make specific future predictions. Instead, they are overviews of current and potential future trends, compiled from all available classified intelligence (including human intelligence and technical collection) as well as open-source information. (Jin10)
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South Korean government holds its first stablecoin legislation forum today, aiming to advance the enactment of the Digital Asset Basic Law within this year.
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Dual filings target the world's two biggest regulated markets@injective is pursuing regulatory standing on both sides of the Atlantic at once. The layer-1 blockchain has filed SEC Form TA-1 to register as a transfer agent in the United States and separately published a MiCA whitepaper for $INJ, which now appears on @ESMAComms's interim register, opening a compliant path to offer the token across the European Union.
Injective submitted Form TA-1 to the US Securities and Exchange Commission to register as a transfer agent. The filing was announced on July 16 at the Injective Summit in Washington, D.C. A transfer agent maintains official ownership records for securities and updates those records whenever transactions occur, determining shareholder rights including dividend payments, voting privileges, and ownership verification. Injective said this function currently depends on traditional intermediaries operating offchain, but the proposed model would move ownership records directly onto blockchain infrastructure while preserving regulatory compliance.
If approved, the registration would let Injective issue and maintain authoritative ownership ledgers for tokenized securities and real-world assets directly onchain. The announcement coincided with the unveiling of Injective Mint, a new institutional platform designed to simplify the issuance and management of tokenized real-world assets. It is worth noting that no public SEC filing was independently located at publication time, leaving the registration claim unverified.
MiCA whitepaper puts INJ on Europe's regulated registerINJ now has a MiCA whitepaper published by ESMA in its Interim MiCA Register, creating a regulated reference pathway for institutional-grade access across Europe. Proper disclosures are essential for safeguarding investors by allowing them to make informed decisions about a given crypto-asset, and under MiCA, these disclosures take the form of a whitepaper. Tokens that lack MiCA-compliant documentation and ESMA registration are not eligible for trading on regulated platforms.
Both moves are filings, not approvals. The SEC transfer agent application still requires regulatory sign-off, and a MiCA whitepaper notification does not constitute an endorsement of the asset. Unlike securities prospectuses, crypto-asset whitepapers under MiCA do not require prior approval by ESMA or national competent authorities. Still, the combination places Injective on a regulated footing in two of the world's most significant financial markets at the same time, a position few blockchain protocols have pursued in parallel. The moves are intended to permit the platform to expand its real-world asset offerings while promoting $INJ through compliant infrastructure.
Sources
Crypto Briefing: Injective files for SEC transfer agent registration
ESMA: Markets in Crypto-Assets Regulation (MiCA) interim register
Crypto Times: Injective Files SEC Registration to Bring Securities Ownership Onchain
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), allowing firms in the international financial center to offer services involving the tokenized gold asset if they hold the required regulatory permissions.
The recognition follows ADGM’s earlier acceptance of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, extending the company’s regulated product lineup in one of the Middle East’s largest international financial centers.
Tether CEO Paolo Ardoino said the designation gives regulated firms a clearer path to offer XAUT, while ADGM said it would support business growth by expanding the products and services available to companies operating in the financial center.
DefiLlama data shows Tether Gold’s total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.
Tether Gold total value locked (TVL). Source: DefiLlama
Tether Gold is also finding new uses beyond trading and custody. In June, Bitcoin lending platform Ledn announced plans to add XAUT as loan collateral later this year, allowing clients to borrow against their tokenized gold holdings without selling them.
According to RWA.xyz, tokenized commodities have a distributed value of about $4.46 billion and account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market.
Tokenized commodities. Source: RWA.xyz
Magazine: Will the US get CLARITY this week? Bitcoin’s new $80K target: Hodler’s Digest, July 19
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), allowing firms in the international financial center to offer services involving the tokenized gold asset if they hold the required regulatory permissions.
The recognition follows ADGM’s earlier acceptance of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, extending the company’s regulated product lineup in one of the Middle East’s largest international financial centers.
Tether CEO Paolo Ardoino said the designation gives regulated firms a clearer path to offer XAUT, while ADGM said it would support business growth by expanding the products and services available to companies operating in the financial center.
DefiLlama data shows Tether Gold’s total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.
Tether Gold total value locked (TVL). Source: DefiLlama
Tether Gold is also finding new uses beyond trading and custody. In June, Bitcoin lending platform Ledn announced plans to add XAUT as loan collateral later this year, allowing clients to borrow against their tokenized gold holdings without selling them.
According to RWA.xyz, tokenized commodities have a distributed value of about $4.46 billion and account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market.
Tokenized commodities. Source: RWA.xyz
Magazine: Will the US get CLARITY this week? Bitcoin’s new $80K target: Hodler’s Digest, July 19
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Tether Gold has gained commodity status in Abu Dhabi, as DefiLlama data shows XAUT’s locked value has climbed more than threefold to about $2.86 billion over the past year.
Summary
ADGM recognized Tether Gold as an Accepted Spot Commodity for approved regulated firms. XAUT’s locked value more than tripled over the past year to $2.86 billion. Tether is expanding across tokenized gold, US payroll payments and Latin American banking. Abu Dhabi Global Market has recognized XAUT as an Accepted Spot Commodity, allowing regulated firms in the international financial center to provide services involving the tokenized gold asset when they hold the required permissions.
Under the designation, eligible companies can add XAUT-related products to their regulated offerings inside ADGM. Tether CEO Paolo Ardoino described the decision as a clearer route for approved firms seeking to support the asset, while ADGM linked the addition to an expanded selection of products available within the financial center.
The decision follows ADGM’s earlier recognition of Tether’s USDT as an Accepted Fiat Referenced Token. With both assets now accepted under separate regulatory categories, Tether can place its dollar stablecoin and gold-backed token within one of the Middle East’s largest international financial centers.
ADGM’s treatment of XAUT applies only to firms that secure the relevant regulatory approvals. The designation does not give every company operating in the financial center automatic permission to offer trading, custody or other XAUT services.
Tokenized gold demand has lifted XAUT’s locked value DefiLlama figures show that Tether Gold’s total value locked has risen from approximately $826 million to $2.86 billion within a year. Based on those figures, the increase amounts to about 246%, placing XAUT among the largest products in the tokenized commodity market.
RWA.xyz estimates that tokenized commodities hold about $4.46 billion in distributed value. The data platform places the full tokenized real-world asset market at roughly $34.73 billion, giving commodities a share of nearly 13%.
Against those figures, XAUT’s reported $2.86 billion in locked value represents a substantial portion of the commodity category tracked by RWA.xyz. Differences between TVL and distributed-value methods mean the two datasets are not directly interchangeable, but both indicate that gold-backed tokens account for a large share of commodity tokenization.
Use cases for XAUT are also moving beyond spot trading and custody. Bitcoin lending platform Ledn announced in June that it plans to accept the token as loan collateral later this year, which would let customers borrow against tokenized gold without selling their holdings.
Ledn’s planned integration would place XAUT inside a crypto-backed lending product, adding a borrowing function to an asset mainly used for gold exposure. The company has not yet disclosed detailed terms such as loan-to-value ratios, interest rates or the exact launch date.
For regulated firms in ADGM, the new status could make similar services possible when their licenses cover the relevant activity. ADGM’s announcement, however, did not identify which firms intend to add XAUT or set a timeline for the first regulated offerings.
Tether is extending its reach across payments and finance Beyond tokenized gold, Tether has continued investing in payment systems and financial platforms. Last week, crypto.news reported that the company led a $7 million Series A round for Pact Labs alongside Blockchange Ventures and Lasagna.
According to crypto.news, the financing will support Pact Labs’ payroll and payment infrastructure while helping businesses adopt USAT, Tether’s dollar-backed stablecoin designed for the US market. The partnership focuses on wage payments rather than crypto trading, targeting a US payroll sector that processes more than $11 trillion each year.
Another investment has extended Tether’s presence in Latin American finance. Bloomberg reported that the company contributed $20 million to a $197 million equity round for Argentine digital bank Ualá, adding the platform to Tether’s portfolio of stablecoin-related investments.
Ualá announced the round in March and identified Tether among the participants, though it did not disclose the issuer’s contribution at the time. Allianz X led the financing, while Bloomberg later reported the size of Tether’s individual investment.
These investments come as Tether faces questions over USDT’s future availability on US crypto platforms. CoinDesk reported that the first anniversary of the GENIUS Act has renewed attention on whether the foreign-issued stablecoin can meet the law’s requirements before its transition period ends.
President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law one year ago, introducing a three-year compliance window. CoinDesk reported that uncertainty remains over how some deadlines will apply to foreign issuers such as Tether.
Circle has taken steps to align its operations with the incoming US framework, according to the report, while Tether has not publicly explained how it plans to bring USDT into full compliance.
The ADGM recognition gives XAUT a defined regulatory route in Abu Dhabi while Tether develops separate products and investments across gold, payroll and digital banking. USDT’s position in the United States, however, will depend on how regulators implement the GENIUS Act and whether Tether satisfies the final requirements.
