RWA perpetuals nyní tvoří téměř 35 % on-chain obchodování s perpetual kontrakty; v červnu objem dosáhl asi 118 miliard USD napříč 652 trhy. Tahounem jsou veřejné akcie s 46 % open interestu.
TLDR: RWA perpetuals now represent nearly 35% of on-chain perpetual trading, with June volume reaching about $118 billion across 652 markets. Public equities control 46% of RWA open interest, supported by roughly $2 billion in positions, $2.2 billion in daily volume and 411 markets. Hyperliquid HIP-3, Solana and exchange-based tokenized stock products are widening round-the-clock access to equities, indices and commodities. Oracle failures, weekend pricing gaps, concentrated liquidity and uneven investor rights create new risks as leveraged RWA markets expand. RWA perpetuals now account for nearly 35% of total on-chain perpetual trading volume in early Q3 2026. Their share stood at only 0.16% in Q4 2025, showing how quickly traditional-market exposure has moved onto crypto rails.
June volume reached about $118 billion, while the number of available markets expanded to 652. Other market trackers also recorded more than $100 billion in June volume and over 600 listed contracts.
Public equities lead the expansion as traders seek leveraged, round-the-clock access to familiar companies without using traditional brokerage hours.
RWA Perpetuals Shift Demand Toward Public Equities Public equities now represent 46% of RWA perpetuals open interest. The segment holds roughly $2 billion in outstanding positions and generated about $2.2 billion in 24-hour volume.
Source: Cryptorank It also supports 411 active markets, compared with 54 precious-metals markets and 41 equity-index markets.
That concentration shows traders prefer listed companies over less liquid real-world assets. Equity contracts offer clear price references, frequent news events, and deep underlying markets.
Earnings, guidance, and macro data can quickly create trading opportunities. Stock perps also remain active when traditional exchanges close.
These contracts provide synthetic price exposure rather than direct share ownership. Traders can open long or short positions, often using USDC collateral, but receive no voting rights or dividends.
Funding rates and oracle prices keep each contract linked to its underlying stock. A Micron contract on TradeXYZ, for example, trades continuously through Hyperliquid infrastructure.
Hyperliquid’s HIP-3 framework has accelerated this shift by allowing qualified builders to deploy custom perpetual markets. The protocol requires deployers to stake 500,000 HYPE, creating an economic backstop for market operators.
HIP-3 markets cover equities, indices, commodities, and pre-IPO references.
The broader tokenized-equities market is also expanding across Solana, Kraken, Bybit and Robinhood-linked infrastructure. Solana accounted for 97% of cumulative tokenized-equity spot volume in May.
Kraken separately expanded xStocks to 100 backed US stocks and ETFs, widening access outside standard market hours.
RWA Perpetuals Growth Exposes New Risks Across Platforms The rapid rise of RWA perpetuals introduces risks that differ from crypto-native contracts. Equity markets close overnight and on weekends, while on-chain perps continue trading.
Platforms must manage price gaps, funding changes and thin liquidity when primary exchanges are inactive.
Oracle dependence creates another weak point. RWA contracts rely on external feeds for stock, index and commodity prices.
Ostium halted trading after an attacker manipulated its price-reporting infrastructure and drained about $18 million in USDC during July. The incident showed how a compromised oracle component can turn false prices into profitable trades.
Liquidity is also concentrated among a small group of venues and builders. TradeXYZ has controlled most HIP-3 open interest during several growth phases.
Such dominance can improve execution, but it increases exposure to one platform’s technology, market design, and risk controls.
Regulatory treatment remains uneven. Some tokenized shares represent backed instruments, while equity perps provide only cash-settled exposure.
Jurisdiction, investor rights, custody, and disclosure rules vary across platforms. Traders must therefore examine contract terms, oracle design, liquidation rules, and weekend pricing before taking leveraged positions.
Solana má čtyři týdny v řadě pozitivní přílivy kapitálu do spot ETF, naposledy 8,47 milionu USD, ale cena zůstává uvězněná mezi 73 a 84 USD. První klíčová rezistence je na 79 USD.
22 July 2026 | 19:46 Solana is trading around $78, caught between improving spot ETF flows and a technical structure that has not yet committed to a direction.
Key Takeaways Four consecutive ETF weeks remain positive. Current inflows exceed three prior weeks combined. SOL remains trapped between $73 and $84. $79 is the first breakout hurdle. Alpenglow could become the next catalyst. The price has recovered substantially from the June low near $60, but it remains inside the $73 to $84 range that has controlled trading since the crash. SOL is also sitting just below its flat 100-day simple moving average at $79, placing the market directly beneath its first meaningful resistance.
At the same time, Solana spot ETFs have recorded four consecutive positive weekly readings, creating a more supportive flow backdrop while the chart remains unresolved.
ETF Demand Is Accelerating, Not Merely Staying Positive The four-week sequence shows uninterrupted net inflows into Solana spot ETFs, but the size of those inflows has changed considerably.
Weekly Reading Total Net Inflow July 21, 2026 $8.47 million July 17, 2026 $948,210 July 10, 2026 $930,430 July 2, 2026 $5.75 million The latest $8.47 million total came from $2.64 million on July 20 and another $5.83 million on July 21, per SoSoValue data. Those two days alone brought in more than the approximately $7.63 million recorded across the previous three positive weekly readings combined.
The concentration of demand in the latest period strengthens the flow signal, but ETF inflows do not automatically resolve the price structure. SOL remains below the resistance levels that have repeatedly contained the recovery, meaning the data supports the base without confirming a breakout.
The June Crash Has Turned Into a Defined Range The June decline pushed Solana toward $60 before buyers established a recovery. Since then, price has formed a sequence of higher lows, but every stronger advance has stalled beneath the upper part of the current range.
Daily Solana technical price chart / Source: TradingView The result is a sideways consolidation between approximately $73 and $84. The rising 50-day simple moving average at $73 now overlaps with the lower boundary, giving the range floor both horizontal and moving-average support.
SOL is positioned near the middle of that structure rather than at either extreme. That limits the significance of small daily moves around $78, as price is neither breaking resistance nor threatening the base.
The flat 100-day average reinforces the neutral reading. Its position directly above the market shows that the earlier downtrend has lost some momentum, but it has not yet been replaced by a confirmed uptrend.
$79 Opens the Door, but $84 Confirms the Move The first test is the 100-day average at $79. A daily close above it would move SOL out of the middle of the range and reopen the path toward $84, where the recovery stalled around the middle of July.
Reclaiming it would improve the short-term structure, but the more important confirmation sits at the range ceiling. A move above $84 with stronger volume would produce the first higher high since May.
That would change the character of the recovery. Instead of continuing to rotate between established support and resistance, SOL would begin breaking the sequence that has kept it under pressure since the earlier highs.
The falling 200-day simple moving average at $89 would then become the next visible obstacle, testing whether the market can extend beyond a range breakout into a broader trend reversal.
The relative strength index is near 55, leaving room for price to move in either direction. Momentum is neither overbought nor deeply weakened, so the outcome is more likely to depend on how SOL reacts at 100 SMA and $84 than on an extreme indicator reading.
Why the $73 Floor Might Define the Entire Base The $73 area combines the range floor with the rising 50-day average, making it the level that protects the recovery from returning to its June structure.
A rejection below the 100-day average would initially keep SOL trapped inside the range. Price could rotate back toward $73 without invalidating the base, provided buyers continue defending that area. A daily close below $73 would be more damaging. It would break both horizontal support and the moving average that has risen beneath price during the recovery. That loss would expose the lower recovery zone near $66, followed by the June base around $60. A return to those levels would show that the recent consolidation failed to establish a durable floor.
Alpenglow Adds a Catalyst Beyond ETF Flows Solana is approaching the expected activation window for its Alpenglow consensus upgrade, scheduled for mainnet between August and October 2026.
The timing remains contingent on the release of the Agave 4.2 client and sufficient validator key registrations to complete the required testing and security audits.
Alpenglow represents a complete overhaul of Solana’s consensus layer, replacing Proof of History and Tower BFT. The approaching upgrade could attract additional market attention while ETF inflows are strengthening.
However, the event would not confirm that the range has ended while SOL remains below $79 and $84. A stronger response would require continued ETF demand, a reclaim of the 100-day average and enough volume to clear the July ceiling. Without that combination, Alpenglow may strengthen the narrative around Solana while price continues moving sideways.
Between Flows and Structure Solana’s backdrop is becoming more constructive, but the price has not yet followed with the same conviction. ETF demand is strengthening and Alpenglow provides a potential catalyst, while the chart remains confined beneath its main resistance levels.
The structure therefore stays neutral until the range resolves. Buyers have protected the recovery so far, but only a confirmed move through the upper boundary would turn the consolidation into something more durable.
This article is provided for informational purposes only and does not constitute financial, investment or legal advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Grayscale u svého GSOL podal návrh na změnu trustové smlouvy, která by umožnila vyplácet čisté stakingové odměny podílníkům alespoň čtvrtletně. Nejde o schválení spotového Solana ETF.
Grayscale has filed a new Form 8-K tied to its Solana product, outlining a trust agreement amendment that would allow net staking rewards to be distributed to shareholders at least quarterly.
The filing relates to Grayscale Solana Staking ETF, or GSOL, and was filed with the SEC on July 17. The amendment is expected to become effective on August 7, 2026.
The key point is that this is not a spot Solana ETF approval story.
The filing concerns how staking rewards may be handled for the existing Solana-linked trust structure. It introduces a cash payout mechanism for net staking rewards, which could make the product more attractive to investors who want Solana exposure with a clearer income component.
For Solana, it also shows how staking economics continue to shape institutional product design.
TL;DR Grayscale filed a Form 8-K tied to its Solana staking product on July 17. The amendment would allow net staking rewards to be paid to shareholders at least quarterly. The filing concerns distribution mechanics, not approval of a new spot Solana ETF. Solana Staking Is Becoming Part Of Product Design Solana is a proof-of-stake network, which means staking is central to how the network works.
Tokenholders can delegate SOL to validators and earn rewards for helping secure the chain. In direct ownership, those rewards are part of the appeal. But when investors access SOL through a trust or fund product, staking becomes more complicated.
Who controls the staking process? How are rewards calculated? What fees are deducted? Are rewards reinvested or paid out? How often are distributions made? What risks come with validator selection?
These are not small details for institutional investors.
A product that holds staked SOL but does not clearly pass benefits through to shareholders may be less attractive than one with a defined payout structure. Grayscale’s proposed amendment addresses that question by introducing cash payouts of net staking rewards at least quarterly.
That gives investors a clearer framework for how staking income may be reflected.
Why Quarterly Payouts Matter Quarterly payouts make the product easier to understand.
Traditional investors are used to funds that distribute income on a schedule. Bond funds, dividend funds, and other yield-linked products often use regular distributions to make income visible.
Crypto staking rewards are different, but the investor expectation can be similar.
If a Solana product can translate staking rewards into scheduled cash payouts, it may become easier for advisors, funds, and institutions to evaluate. It turns an on-chain reward mechanism into something closer to a familiar financial product feature.
That does not remove risk.
Staking yields can fluctuate. Validator performance matters. Network conditions can change. Fees and expenses reduce net payouts. Regulatory treatment may evolve.
But the structure is more legible to traditional investors than a vague promise of staking exposure.
Not A Spot ETF Approval It is important to keep the filing in proportion.
The Form 8-K does not mean regulators have approved a new spot Solana ETF. It does not mean Solana has cleared the same path as Bitcoin or Ethereum in the ETF market. It is a trust agreement amendment involving distribution mechanics.
That distinction matters because Solana ETF speculation has been a major market theme.
Traders often react quickly to anything involving Grayscale, Solana, SEC filings, or staking language. But not every filing is an ETF approval milestone. Some filings deal with product operations, disclosures, agreements, or shareholder mechanics.
This one is about staking reward distributions.
That is still meaningful, especially for investors watching how crypto products evolve. It just should not be misread as a regulatory green light for a spot Solana ETF.
Solana Products Are Getting More Sophisticated The broader trend is that Solana investment products are becoming more sophisticated.
As Solana’s network activity, DeFi ecosystem, and institutional profile grow, asset managers have more reason to design products around SOL exposure. Staking is a natural part of that conversation because it is embedded in the network’s economics.
For institutions, the question is not only whether they want SOL exposure. It is what kind of exposure they want.
Direct custody gives maximum control but requires operational infrastructure. Fund products simplify access but introduce fees, structures, and rules around staking. A trust with scheduled net reward payouts sits somewhere in the middle.
Grayscale’s filing shows how these products may evolve before or alongside any future ETF decisions.
Solana investors should watch the effective date and any further disclosures about payout mechanics, expenses, and staking operations.
For now, the filing adds another institutional layer to Solana’s market story.
It does not change the regulatory status of spot Solana ETFs, but it does show that staking rewards are becoming harder for asset managers to ignore.
This article is based on Grayscale’s July 17 SEC Form 8-K filing for GSOL.
This article was written by the News Desk and edited by Samuel Rae.
Injective spustil Injective Mint, platformu pro vydávání tokenizovaných aktiv s vestavěnými regulačními kontrolami a bez nutnosti kódování. Současně podal žádost u SEC o registraci jako transfer agent.
Injective Mint Opens for Private Alpha@Injective has officially unveiled Injective Mint, a unified platform for issuing institutional-grade tokenized assets with built-in regulatory controls. The platform allows issuers to generate compliance-ready digital assets without writing code, consolidating asset creation and compliance configuration into a single interface.
Unlike traditional tokenization processes, which often require bespoke smart contracts and technical expertise, Injective Mint consolidates asset creation, compliance configuration, and management into one place. Issuers can customize permissions, set jurisdictional restrictions, and enforce compliance rules directly on-chain through Injective's native Tokenfactory and Permissions modules. The platform supports compliant issuance of equities, bonds, ETFs, and FX instruments, and is open to institutions, retail participants, and AI agents alike.
The architecture provides native blockchain-level controls for permissions, allowing issuers to manage address freezes and transfer rules without relying on third-party intermediaries. Injective Mint is currently live in private beta.
SEC Filing and a Broader Regulatory PushThe Mint launch is part of a wider regulatory strategy. Injective has filed an application with the U.S. Securities and Exchange Commission to register as a transfer agent, with the announcement coinciding with the unveiling of Injective Mint at the Injective Summit in Washington, D.C.
Rather than pursuing a new regulatory framework tailored to cryptocurrencies, Injective is seeking approval to perform one of the financial industry's most established administrative functions. Transfer agents are responsible for maintaining official ownership records for securities, recording ownership changes, issuing and canceling certificates, and processing dividend distributions.
Injective wants to bring this function on-chain, allowing the ownership record to exist on the same blockchain as the tokenized security rather than relying on a separate off-chain database. According to Injective, moving the transfer agent function on-chain could allow market participants to record and transfer ownership of tokenized securities within seconds while reducing the need for multiple intermediaries. It is worth noting that the filing begins the registration process and should not be interpreted as SEC approval or confirmation that Injective is already operating as a registered transfer agent.
These moves come after Injective's reported settlement of $6.8B in RWA volume and against a broader market backdrop where, the tokenized RWA market has expanded 256.7% from $5.42 billion at the start of 2025 to $19.32 billion by March 2026, according to CoinGecko.
Alongside the SEC filing, Injective has also published a Markets in Crypto-Assets (MiCA) whitepaper in Europe, signaling ambitions to build compliant infrastructure across two of the world's largest financial markets.
Sources:
CoinTrust: Injective Seeks SEC Transfer Agent Status, Launches RWA Platform
Crypto Times: Injective Files SEC Registration to Bring Securities Ownership Onchain
Blockchain.News: Injective Launches Mint Platform for Compliance-Ready RWA Tokenization
Arbitrum nyní drží 3,7 až 4 miliardy USD ve stablecoinech a Spark Savings rozšířil své vaulty o USDC, USDS i USDT0. Tyto tři stablecoiny tvoří přes 90 % nabídky na síti.
Arbitrum just quietly became one of the most important places to park stablecoins in DeFi. The Ethereum Layer 2 network now hosts between $3.7 billion and $4 billion in stablecoin supply, and Spark Savings has expanded its yield-bearing vaults to capture the vast majority of it.
Spark’s ERC-4626 vaults on Arbitrum now support USDC, USDS, and the recently added USDT0, an omnichain version of Tether. Together, those three stablecoins represent over 90% of Arbitrum’s total stablecoin supply. That means roughly $3 billion or more in stablecoins can now be deposited into yield-generating vaults without users needing to swap tokens or navigate convoluted bridging processes.
What Spark Savings actually does The vaults follow the ERC-4626 standard, which standardizes how deposits, withdrawals, and yield accounting work, making these vaults composable with other protocols. Developers can plug Spark’s vaults into broader DeFi strategies without building custom integrations from scratch.
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Spark initially expanded to Arbitrum in early 2025, supporting USDC and USDS. The addition of USDT0 happened within the last 7-10 days as of mid-July 2026, completing the trifecta of major stablecoins on the network. USDT0 differs from regular USDT in that it’s designed to move natively across multiple chains, eliminating the friction that typically comes with bridging Tether between networks.
The Spark Savings Vaults V2 uses a continuous per-second rate accumulator, meaning there’s no batch processing or epoch-based distribution. Yield grows continuously, and rates are adjusted based on governance decisions.
What this means for investors For stablecoin holders on Arbitrum, three major stablecoins now operate under one vault standard with continuous yield accrual, removing the need to bridge to Ethereum mainnet or search across multiple protocols.
The USDT0 integration is notable because Tether remains the largest stablecoin by market cap globally, and its omnichain variant removes friction around moving USDT between networks without bridge fees or wrapped token complexity.
Concentration risk is the obvious concern. When a single protocol handles yield for over 90% of a network’s stablecoin supply, any smart contract vulnerability or governance misstep could have outsized consequences.
The governance-driven yield adjustment model also introduces uncertainty. Rates are determined by governance votes, which means yield could shift based on political dynamics within the Spark community rather than pure supply and demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui spouští Hashi testnet, který umožní držitelům BTC půjčovat, vypůjčovat si a dosahovat výnosu bez bridge nebo wrapování. Projekt má přes 20 partnerů včetně BitGo, Blockdaemon a Ledger.
@SuiNetwork has officially launched the Hashi testnet, a protocol designed to put native $BTC to work on the Sui blockchain without requiring holders to bridge or wrap their assets. The move represents one of the more concrete attempts to bring Bitcoin's substantial liquidity into decentralised finance at an institutional scale.
Targeting Dormant Bitcoin CapitalThe scale of the opportunity Hashi is chasing is significant. According to onchain data from DefiLlama cited in a Cointelegraph report, only around 0.22% of Bitcoin's total supply, roughly $3.07 billion, is currently deployed in DeFi protocols. With Bitcoin's market cap exceeding $1 trillion, Hashi's backers argue that the gap between available capital and active deployment is too large to ignore.
First announced in March 2026, Hashi is developed primarily by Mysten Labs, the core contributor to Sui. Its central proposition is straightforward: allow $BTC holders to lend, borrow, and earn yield against their holdings using on-chain smart contracts, without relying on wrapped or synthetic representations of the asset. The collateral stays on the Bitcoin network, while Sui manages the cryptographic and programmatic rights.
Guardian Layer and Institutional BackingThe testnet rollout introduces what the team calls the "Guardian Layer," a defense-in-depth security model built around a 2-of-2 multisig requirement between Hashi validators and independent guardians. The structure is designed to remove the trust assumptions that have historically made institutional capital cautious about DeFi participation.
The institutional line-up behind the project is broad. As reported by KuCoin, Cumberland, SwissBorg, and Fluid are among the latest partners, joining existing backers that include BitGo, Blockdaemon, and Ledger, bringing the total partner count to more than 20. SwissBorg is focused on connecting its high-net-worth client base to BTC-backed lending products, while Fluid is targeting institutional-grade lending markets using Bitcoin collateral on Sui.
The testnet phase is intended to widen testing to institutions, custodians, and DeFi teams under realistic conditions before any significant capital moves to mainnet. Sui-native protocols including Suilend, Scallop, and NAVI Protocol have signalled plans to integrate Hashi once it is live at scale.
For $BTC holders, the pitch is the ability to access credit and yield without selling or moving their Bitcoin off its native network.
Sources:
Sui Blog: A New Era of Bitcoin-Based Finance Begins: Meet Hashi on Sui
TradingView/Cointelegraph: Bitcoin finance protocol Hashi launches on Sui with BitGo, FalconX backing
KuCoin: Sui's Bitcoin financial primitive, Hashi, will launch its testnet in July
Coinbase spustila nativní staking pro SUI, takže uživatelé mohou získávat odměny přímo v rozhraní burzy bez třetích stran. Na platformě je nyní stakováno zhruba 2,9 miliardy SUI.
Direct Rewards, No Third-Party Required@Coinbase has officially launched native staking support for $SUI, giving users the ability to earn protocol-level rewards without leaving the exchange interface. The integration removes the need for manual validator delegation or external custody solutions, crediting rewards directly and automatically to user accounts.
Coinbase's staking page for SUI shows that approximately 2.9 billion SUI tokens are currently staked on the platform, representing a staking market cap of around $2.3 billion. That figure reflects the scale of demand already in place ahead of this native integration.
For context on how the underlying protocol works: Sui employs a Delegated Proof-of-Stake (DPoS) consensus mechanism in which validators' voting power is determined by the amount of stake delegated to them by SUI holders. Rewards accrue every epoch, which corresponds to roughly 24 hours, and the standard estimated APR sits at around 3.25%, though this varies with validator performance and network conditions.
A Growing Network Behind the IntegrationThe timing of the Coinbase rollout aligns with a period of sustained expansion for @SuiNetwork. Sui processed over $1 trillion in stablecoin transfers ahead of its March 2026 native stablecoin launch, with $111 billion in volume recorded in January 2026 alone. The network has also surpassed 4.5 billion total transactions, with 1.2 million daily active wallets as of late July 2026, according to CoinMarketCap data.
Coinbase has maintained a close relationship with the Sui Foundation since the network's mainnet launch, participating in its Incentivized Testnet and collaborating on protocol design. The exchange's Cloud infrastructure manages node complexity and creates delegation flows for end users, offering a secure path to earn protocol rewards.
By bringing that infrastructure directly into the retail exchange product, Coinbase lowers the barrier further for holders who want yield from $SUI without navigating wallet setups or validator selection.
Sources:
Coinbase SUI Staking Page
Coinbase Cloud Non-Custodial SUI Staking
DAIC Capital: SUI Staking Overview
Multicoin Capital podle on-chain dat přesouvá HYPE v hodnotě 36,5 milionu USD směrem k exitu. Fond už vložil 395 570 HYPE do Coinbase Prime a požádal o odstakeování dalších 211 486 HYPE.
Multicoin Capital appears to be locking in gains on its Hyperliquid ($HYPE) position, with on-chain data tracked by Lookonchain showing the firm moving a combined $36.5 million worth of tokens toward an exit.
The fund accumulated 606,091 HYPE at around $30 roughly five months ago. It has since deposited 395,570 HYPE, worth approximately $23.8 million, into Coinbase Prime, and separately requested to unstake a further 211,486 HYPE valued at close to $13 million. Based on current prices, the position carries an estimated unrealised profit of about $18.5 million.
A High-Conviction Position Now Being TrimmedThe move comes roughly a month after Multicoin published a detailed research report on Hyperliquid, in which it set a base-case price target of $319 for HYPE by 2028. The firm said it initiated a large position early in the year and had been accumulating since, with HYPE representing one of the largest positions in its liquid fund. To manage any conflict of interest, Multicoin adopted a three-day no-trade rule following the report's publication.
Hyperliquid is a vertically integrated Layer 1 blockchain and decentralised exchange built for high-speed trading, generating approximately $873 million in revenue across roughly $2.9 trillion in trading volume in 2025. Approximately 99% of protocol revenue is used to buy back HYPE, which is then effectively removed from circulating supply.
Deposit to Coinbase Prime Signals Potential SaleRouting tokens to Coinbase Prime is a common precursor to a structured institutional exit. On-chain data analysts note that Coinbase Prime deposits by institutional funds have historically tended to precede large structured OTC exits. The unstaking request for the remaining tokens suggests Multicoin may be preparing to liquidate the full position, though the firm has not made a public statement on its intentions.
HYPE reached an all-time high of $76.67 on June 16, 2026, and has since pulled back roughly 18% from that peak. At an average entry of around $30, Multicoin's position would still represent a substantial gain even at current levels.
The profit-taking activity stands in contrast to the firm's longer-term bullish thesis on the protocol, and may reflect routine portfolio management rather than a change in fundamental view.
Sources:
Multicoin Capital: Hyperliquid (HYPE) Analysis and Valuation
Crypto Briefing: Multicoin Capital predicts HYPE will reach $319 by 2028
CoinMarketCap: Hyperliquid (HYPE) price and market data
Velryba na Hyperliquid zvýšila stakované držby nad 1 milion HYPE po dalším vkladu 387 800 tokenů. Celkově má nyní uzamčeno zhruba 61,2 milionu USD v HYPE.
A previously dormant whale on the Hyperliquid network has crossed a significant threshold, pushing its total staked holdings above one million $HYPE tokens after depositing an additional 387,800 tokens, according to on-chain data tracked by Onchain Lens.
A Stake Worth Tens of Millions The latest deposit is valued at roughly $23.4 million and follows an earlier stake of 619,120 HYPE made in November 2025. Combined, the whale's lifetime staked position is now worth approximately $61.2 million.
The move comes as $HYPE trades in a range that reflects broader strength in the Hyperliquid ecosystem. The platform crossed $1 billion in cumulative protocol revenue on June 30, according to DeFiLlama. The platform routes about 99% of trading fees into open-market HYPE purchases through its Assistance Fund.
Why Staking HYPE Matters Hyperliquid runs on delegated proof-of-stake (dPoS), where holders delegate their tokens to a validator, and an active set of validators uses that stake to produce and confirm blocks via HyperBFT consensus. In exchange for helping secure the chain, stakers earn rewards. The current staking yield is around 2.2 to 2.4% APY, paid in HYPE and auto-compounding.
Beyond yield, locking tokens into staking removes supply from active circulation. Ongoing buyback programs and staking mechanisms that remove tokens from active circulation create favorable supply-demand dynamics. This is part of what has attracted sustained whale interest in the token.
The platform now commands roughly 70% of all on-chain perpetual futures volume across every blockchain, processing over $10.5 billion in daily trading activity at throughput levels that rival traditional centralized exchanges.
The whale's decision to lock up over one million tokens at current prices signals a long-term conviction bet on the protocol, at a time when on-chain activity and institutional attention around $HYPE continue to build.
Sources:
BeInCrypto: Hyperliquid Whales Show Conflicting Moves as HYPE Hits Fresh Peak
CryptoRank: Hyperliquid Price Outlook for July 2026
Coinbase: Hyperliquid (HYPE) Price and Market Data
Annamite Capital spustila institucionální platformu pro správu bitcoinové treasury, která má držitelům BTC přinášet výnosy v BTC při zachování vlastnictví, custody a governance. Platforma je dostupná kvalifikovaným institucionálním investorům po celém světě.
Firm offers bespoke managed account solutions to help institutions generate BTC-denominated returns while preserving ownership, custody and institutional governance. As digital asset treasury companies have successfully acquired Bitcoin, the focus has evolved to improving yield generation on these assets.
LONDON, July 22, 2026 /PRNewswire/ — Annamite Capital, the institutional digital asset investment manager founded by Tom Geary and Lucas Gaylord, has announced the launch of its institutional treasury management platform, designed to help publicly traded Bitcoin holders transform dormant treasury holdings into productive assets, while maintaining institutional standards for custody and risk management.
As public and private companies continue to adopt Bitcoin as a strategic treasury asset, many organizations face a common challenge: how to diversify returns on balance-sheet Bitcoin holdings while maintaining prudent risk and governance controls.
Annamite’s Bitcoin Treasury Management platform addresses this need through customized Separately Managed Accounts (SMAs), where clients retain ownership of their Bitcoin, while gaining exposure to Annamite’s multi-manager, multi-strategy Bitcoin yield program.
The platform seeks to generate Bitcoin-denominated returns through a diversified portfolio of specialist market-neutral investment strategies, including arbitrage, quantitative trading and other systematic approaches. Capital is allocated across independent specialist managers with the objective of maximizing diversified sources of idiosyncratic alpha along the efficient frontier, while minimizing directional exposure and counterparty risk. SMA mandates are bespoke to meet each client’s risk, return and liquidity objectives. The platform targets attractive risk-adjusted BTC returns while seeking to achieve limited drawdowns.
“Corporate Bitcoin adoption has entered a new phase,” said Tom Geary, CFA, Co-Founder and Managing Partner of Annamite Capital. “Balance sheet-based industries tend to evolve along a shared arc. In the 90s, insurance firms who turned their balance sheets into professionally managed portfolios thrived into the successful firms they are today. We are seeing the same pattern evolve in the corporate BTC space.
“Many treasury companies have successfully accumulated Bitcoin and other digital assets. The next challenge is transforming those holdings into productive assets. Our approach is the same as traditional allocators: multi-manager, market-neutral investment frameworks to improve resilience and diversify sources of alpha. Our goal is to help generate BTC-denominated returns while maintaining institutional standards.”
Through the SMA structure, clients retain legal ownership of their Bitcoin throughout the investment process. Assets remain with qualified custodians or in approved tri-party arrangements, while trading activity occurs through delegated authority and off-exchange settlement infrastructure. This separation of custody from execution materially reduces exchange counterparty risk while enabling full transparency for the investor.
The treasury management platform is available to qualified institutional investors globally. Customized mandates are structured based on each client’s liquidity requirements, custody preferences, risk tolerance, and treasury objectives. While initially focused on Bitcoin, the platform also supports customized treasury mandates for and other digital assets such as Ether and XRP, enabling institutions to generate native asset-denominated returns while retaining ownership and custody.
About Annamite Capital
Annamite Capital is a regulated institutional digital asset investment manager specializing in multi-manager, market-neutral investment strategies and digital asset treasury management. The firm combines institutional portfolio construction, crypto-native trading infrastructure and purpose-built risk management to deliver customized investment solutions for institutions, corporate treasuries, family offices and long-term digital asset holders. Founded by executives from Citadel, UBS, Brevan Howard, Cambridge Associates, Morgan Stanley, ConsenSys and leading digital asset infrastructure companies, Annamite Capital is focused on helping institutions generate long-term native asset-denominated returns while maintaining institutional standards for governance, custody and risk management.
For more information, visit www.annamite.com or contact [email protected].
Růst XRP podporuje akumulace velryb: adresy s 100 000 až 100 miliony XRP zvýšily držby o 2,8 % za posledních pět týdnů. Menší retailové peněženky mezitím odcházejí z trhu.
XRP's latest rally appears to be backed by growing conviction among large holders.
On-chain data provided by analytics firm Santiment shows that whales have steadily increased their positions while smaller retail wallets continue to exit the market.
Wallets holding between 100,000 and 100 million XRP have increased their combined holdings by 2.8% over the past five weeks.
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During the same period, wallets holding less than 0.01 XRP reduced their balances by 5.2%. There is a clear divergence between institutional-scale investors and the smallest retail participants.
Essentially, large investors were buying the dip while XRP was trading in a relatively weak range between roughly $1.05 and $1.12.
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According to CoinGecko data, XRP has climbed more than 3% over the past week, recently reclaiming the $1.16 level.
XRP has historically tended to follow the behavior of large whales instead of small retail wallets, according to Santiment.
Bullish momentum Whale accumulation is a bullish signal, but, of course, it is not a guarantee that XRP will continue higher. Large holders can accumulate for many reasons, and macro conditions, ETF flows, and broader crypto market sentiment are still the key factors that could make or break the rally.
Recent data shows that XRP spot ETFs recorded $5.09 million in net inflows on July 21 after $2.27 million on July 20 and $6.10 million on July 16. This came after a brief period of outflows earlier this month.
Meanwhile, as reported by U.Today, there are various notable technical developments on the XRP Ledger. Validators are expected to vote within the coming weeks on one of the network's most significant upgrade packages to date.
The proposed amendments would introduce batch transactions and confidential transfers. Additional improvements include enhancements to the ledger's Multi-Purpose Token (MPT) standard.
Arthur Hayes v červenci nakoupil více než 3 270 ETH za zhruba 6,2 milionu USD, poté co v červnu prodal 6 000 ETH se ztrátou. Ethereum zároveň naráží na odpor mezi 1 963 a 2 000 USD.
Key Highlights BitMEX co-founder Arthur Hayes purchased 1,332.5 ETH for approximately $2.53 million, continuing his July accumulation spree exceeding 3,270 ETH valued at $6.2 million After selling 6,000 ETH at a loss during June, Hayes reversed strategy and began aggressive accumulation throughout July The percentage of staked Ethereum reached an all-time high of 33.9%, representing approximately 40.9 million ETH secured in validator nodes Three freshly minted wallets extracted 30,000 ETH (approximately $58 million) from Coinbase Prime, while additional major holders transferred ETH from exchanges ETH confronts critical resistance between $1,963 and $2,000, with crypto analyst Ali Martinez suggesting a decisive close above $2,000 could trigger moves toward $2,060 and beyond BitMEX co-founder Arthur Hayes has resumed his Ethereum accumulation strategy. Blockchain analytics from Lookonchain reveal he acquired 1,332.5 ETH in a single on-chain transaction valued at approximately $2.53 million, securing an average entry around $1,899 per token.
This acquisition builds upon two previous July transactions. The first involved approximately 646 ETH obtained following a USDC exchange with Galaxy Digital. The second represented a direct purchase of roughly 1,293 ETH costing about $2.48 million.
In total, Hayes has amassed more than 3,270 ETH throughout July. The aggregate value based on transaction prices approaches $6.2 million.
This strategy marks a dramatic shift from June’s activity. Hayes liquidated 6,000 ETH last month, incurring an estimated $606,000 loss. He subsequently re-entered the market during Ethereum’s price correction.
Crypto analyst Daan Crypto Trades observed on X that ETH is pursuing a breakout pattern and successfully closed above its Bull Market Support Band for the first time since late 2025. He emphasized that bulls require sustained momentum, noting that a climb above the 0.03 ETH/BTC ratio would confirm a full breakout with strong continuation potential.
$ETH Attempting a breakout and closd above its Bull Market Support band again for the first time since late 2025.
Need to see some follow through here by the bulls though. Above 0.03+ and I will consider this a full on breakout and likely a move that will continue for a while… https://t.co/KdJcqarrjG pic.twitter.com/63jIJmgKaV
— Daan Crypto Trades (@DaanCrypto) July 21, 2026
Ethereum Staking Reaches Unprecedented Levels According to Token Terminal metrics, Ethereum’s staking ratio has climbed to an unprecedented 33.9% of total circulating supply. This milestone represents approximately 40.9 million ETH locked within validator infrastructure.
An additional 2.47 million ETH currently waits in the entry queue, facing an estimated 43-day delay before activation. Meanwhile, the exit queue remains empty. Current staking APR hovers around 2.64%.
Tokens committed to staking cannot be immediately accessed for spot market trading without utilizing liquid staking derivatives. An increasing staking ratio, coupled with shrinking exchange reserves, effectively constrains the ETH volume available to potential sellers.
Major Holders Withdraw ETH From Trading Platforms Significant accumulation activity has intensified across whale addresses. Three recently established wallets extracted 30,000 ETH, valued near $58 million, from Coinbase Prime custody. Additional wallets executed substantial withdrawals from Binance and Gemini before directing funds toward staking.
Such outflows diminish the available supply on exchange order books, potentially restricting selling pressure when buying demand strengthens.
Ethereum Price Analysis and Critical Thresholds ETH is trading above the $1,900 level, with today’s session spanning between approximately $1,852 and $1,950. The asset encounters resistance clustered between $1,963 and $2,000.
Ethereum (ETH) Price Crypto analyst Ali Martinez indicated that a convincing daily close above the $2,000 threshold could unlock movement toward the $2,060 zone, with sustained bullish momentum potentially reaching the $2,150–$2,200 corridor.
Support infrastructure remains firm near $1,850–$1,870. A daily close beneath $1,850 could reactivate the $1,700–$1,750 trading range.
Market intelligence indicates substantial liquidation clusters above $1,968. A decisive breach above this level could trigger forced short position closures through cascading market buy orders.
ETH currently maintains position just above $1,900 as market participants evaluate whether buyers possess sufficient strength to overcome the psychological $2,000 resistance barrier.
TRON DAO spustila povinný upgrade GreatVoyage v4.8.2 (Pyrrho), který posiluje kompatibilitu s Ethereem a bezpečnost protokolu. Uzly musí být aktualizovány do 16. srpna 2026, 23:59 SGT, jinak hrozí narušení synchronizace blockchainu.
TRON DAO, the decentralized autonomous organization that governs the TRON blockchain, has introduced GreatVoyage v4.8.2 (Pyrrho) as a mandatory upgrade. The new network upgrade focuses on fortifying Ethereum compatibility, protocol security, and improving node operations. As TRON DAO mentioned in its official announcement, with this update, all node operators need to upgrade ahead of August 16, 2026, to avoid any disruptions concerning blockchain synchronization. Additionally, TRON has advised operators leveraging the Event Plugin to upgrade to its version 3.0.0 ahead of installing the exclusive node software.
GreatVoyage-v4.8.2 (Pyrrho) has been officially released.
This is a mandatory upgrade. Node operators should upgrade by August 16, 2026, 23:59 SGT to avoid disruption to block synchronization.
Key updates:
🔻 TVM compatibility with Ethereum Pectra and Osaka, including CLZ and… pic.twitter.com/J3JMP6LQVx
— TRON DAO (@trondao) July 21, 2026 TRON’s GreatVoyage v4.8.2 Upgrade Advances Ethereum Compatibility A crucial element of the new GreatVoyage v4.8.2 upgrade of TRON DAO is that it is closely aligned with the new Osaka and Pectra upgrades of Ethereum. Additionally, TVM now backs the Count Leading Zeros (CLZ) opcode while also introducing Secp256r1 signature validation. This enables compatibility with the latest authentication mechanisms like Apple Secure Enclave, WebAuthn, and Android Keystore.
Apart from that, the release enhances the MODEXP precompile with the integration of input limits, standardized signature validation, and updated pricing. Thus, the developers can build more effective dApps while keeping compatibility with resilient Ethereum standards intact. The upgrade also bolsters the core protocol of TRON by unveiling TIP-2935. It enables seamless storage of historical block hashes.
Simultaneously, the respective feature is beneficial for stateless users and L2 solutions while enhancing interoperability with advanced Ethereum-based networks. More protocol optimizations take into account securer recourse window calculations through BigInteger, enhanced calldata verification, improved TVM execution safeguards, and adjustable time restrictions for consistent contract calls. Keeping this in view, such changes are poised to elevate ecosystem security, long-term scalability, and execution reliability.
Driving Network Reliability and Network Performance According to TRON DAO, the GreatVoyage v4.8.2 notably enhances node performance as well as operational efficiency. Additionally, TRON has modernized the API layer thereof by using Jackson in place of the fastjson library, strengthening security and guaranteeing compatibility with already working integrations. The update brings forth enhanced JSON-RPC compatibility. Ultimately, the release underscores one of the leading inclusive infrastructure upgrades of TRON, attempting to increase security, operational reliability, compatibility with the advancing Ethereum network, and developer experience.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
BscScan má plánovanou údržbu, která může dočasně omezit web i API, zatímco transakce na BNB Chain poběží dál. Jako alternativy jsou uvedeny BSCTrace a OKLink.
BscScan, one of the main blockchain explorers used to track activity on BNB Smart Chain, has entered a scheduled maintenance window that could temporarily disrupt parts of its website and API services.
Summary
BscScan maintenance may interrupt website and API access, but BNB Chain transactions will continue processing. OKLink can track BNB Chain transactions, addresses, tokens, contracts, and other onchain activity during maintenance. Developers relying on BscScan APIs may need backup data providers or direct blockchain connections temporarily. BNB Chain announced that the maintenance would start on July 22 at 6:00 a.m. UTC and last about three to four hours. That placed the expected end of the maintenance window between 9:00 a.m. and 10:00 a.m. UTC. The network warned that some web and API services could become unavailable during the work.
Heads up!@bscscan will undergo scheduled maintenance on July 22 at 6:00 AM UTC, which is expected to last 3-4 hours. Some web and API services may be temporarily unavailable during this time.
Need to check something in the meantime? @BSC_Trace has you covered 👇…
— BNB Chain (@BNBCHAIN) July 22, 2026 The maintenance affects BscScan rather than the BNB Smart Chain network itself. BNB Chain continues to produce blocks and process transactions independently of the explorer. Users may therefore see temporary difficulty checking a transaction through BscScan even when the underlying transfer has completed normally. BscScan serves as a tool for reading blockchain data rather than processing transactions.
BSCTrace and OKLink offer direct BscScan alternatives For users who need to check transactions, wallet addresses or blocks during the BscScan maintenance, BSCTrace provides one of the closest alternatives. The explorer supports BNB Smart Chain transaction searches, address activity, tokens, contracts, validators and gas tracking. BNB Chain also lists both BscScan and BSCTrace among its developer tools.
BNB Chain has previously directed users to BSCTrace during earlier BscScan maintenance periods. Users can search a transaction hash or wallet address there without relying on the BscScan website. However, individual tools may present data differently, so users should confirm addresses carefully before taking any action based on explorer information.
OKLink provides another active BNB Chain explorer. It allows users to search transactions, addresses, tokens and other network data. The platform also offers smart contract verification tools, making it useful for developers and users who need more than basic transaction tracking.
The OKX Web3 Explorer also supports BNB Chain and provides access to blocks, transactions, addresses and token information. These services read public blockchain data independently, so a temporary BscScan service interruption does not prevent them from displaying BNB Smart Chain activity.
Traders and developers may need different backup tools Not every BscScan alternative serves the same purpose. Traders mainly interested in token prices, decentralized exchange activity and liquidity can use platforms such as DEX Screener. These tools can continue showing trading data during an explorer outage, but they do not provide a full replacement for functions such as smart contract verification or detailed transaction logs.
Developers may face a larger disruption if their applications depend directly on BscScan APIs. Services that use those APIs to fetch balances, transaction histories, token transfers or contract information could see delayed updates or temporary errors during the maintenance window.
Developers can reduce that dependency by using direct BNB Smart Chain RPC connections or separate blockchain data providers. However, moving from one API provider to another may require changes to endpoints, authentication and data formats. For production applications, having more than one data source can reduce reliance on a single explorer service.
The distinction between a blockchain and its explorer is also important for users checking pending transfers. A missing BscScan page does not mean that BNB Smart Chain has stopped. As crypto.news recently explained in its guide to blockchain mempools, transaction confirmation depends on the underlying network, while explorers provide an interface for viewing that activity.
BscScan remains separate from the BNB Chain network BscScan plays a major role in the BNB Chain ecosystem because users rely on it to verify transactions, examine wallet activity and inspect smart contracts. However, the explorer operates as a separate data service. Its maintenance does not pause decentralized applications, token transfers or block production on BNB Smart Chain.
The temporary disruption may still create inconvenience. Traders may struggle to verify transfers through their usual interface, while developers whose applications depend on BscScan APIs could experience service problems until maintenance ends. Users can turn to BSCTrace or OKLink for direct blockchain searches and use market-data platforms for trading activity.
Block explorers also carry their own security considerations. As crypto.news previously reported, Binance founder Changpeng Zhao criticized how explorers display address-poisoning transactions. The report noted that BscScan requires users to manually hide some zero-value transactions that scammers can use to place lookalike addresses in wallet histories.
Users should therefore verify complete wallet addresses regardless of which explorer they use. Switching from BscScan to another platform during maintenance changes how users view blockchain activity, but it does not change the transactions recorded on BNB Smart Chain.
BNB Chain described the July 22 interruption as scheduled maintenance lasting about three to four hours. During that period, BSCTrace and OKLink provide direct alternatives for checking core onchain data, while traders and developers can use specialized services depending on the information they need.
S&P Dow Jones Indices a Pantera Capital spustily S&P Pantera Digital Asset Index, který zcela vynechává Bitcoin. Index dává přednost protokolům s prokazatelnými tržbami a zahrnuje 18 kryptoměn, včetně Etheru, BNB a Solany.
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new crypto benchmark that excludes Bitcoin (BTC) entirely.
CEO Cathy Clay said Bitcoin fails the index’s core test, generating real protocol revenue instead of trading purely on speculation.
How the Index Weighs Its TokensThe index holds 18 constituents. Its five largest holdings are Ether (ETH), Binance Coin (BNB), Solana (SOL), Tron (TRX), and Hyperliquid (HYPE), a decentralized derivatives exchange.
The benchmark weights holdings by market capitalization and rebalances quarterly. No single token can exceed 35% of the total, and no other holding can top 20%. These caps mirror rules S&P applies to its own equity benchmarks.
Clay wants to bring stock-index discipline into digital assets. She favors protocols with verifiable economic activity over ones that trade on name recognition alone.
Pantera co-developed the methodology with founder Dan Morehead. The firm has managed over $3 billion across three investment strategies since launching its first crypto fund in 2013.
“S&P Dow Jones Indices helps investors cut through market noise with benchmarks you can trust.”
Clay, CEO of S&P Dow Jones Indices
Wall Street Warms to Altcoin SeasonThe exclusion highlights a widening split in how institutions define crypto value. By this measure, revenue beats Bitcoin’s dominant narrative as the market’s largest asset. Pantera’s history with institutional crypto access suggests more revenue-screened benchmarks could follow.
The launch lands as retail altcoin season signals stay unconfirmed but improving. CoinGlass’s Altcoin Season Index climbed to 58 in mid-July, building on a June 4 spike to 64. That reading sits above the neutral midpoint, but it remains short of the 75 threshold that confirms genuine rotation.
Institutional flows tell a parallel story. A March BeInCrypto Expert Council discussion found major allocators narrowing institutional crypto bets to Bitcoin, Ethereum, and a short list of DeFi names.
A revenue-screened benchmark like the S&P Pantera Digital Asset Index offers portfolio managers a compliant route into that same thesis. It provides exposure to large-cap altcoins with real usage, skipping meme coins and speculative networks entirely.
If other index providers copy the approach, institutional capital could rotate into select altcoins early. That could happen well before retail-driven altcoin season data confirms a broader move.
Tokenized equities on Solana have reached a new milestone with lending market activity hitting a weekly all-time high of $51.9 million, according to data from SolanaFloor. Kamino and Jupiter Exchange are key platforms contributing to this surge, with over $31 million and $20 million respectively. This development reflects growing interest and usage of tokenized equities within the Solana ecosystem, suggesting increased collateral use and participation in onchain credit markets. Recent records in the overall Solana tokenized equity market, including a significant $535 million in total outstanding value, further highlight the ecosystem’s expanding reach.
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Key Takeaways Solana’s tokenized equities have achieved a weekly record of $51.9 million in lending markets, suggesting increased engagement. Kamino and Jupiter Exchange are the primary platforms driving this growth, with significant contributions to the weekly total. The broader Solana tokenized equity market has also shown substantial growth, with a total outstanding value peaking at $535 million. What to Watch Markets are closely monitoring whether the increased activity in tokenized equities on Solana will influence its price trajectory. Key developments such as potential ETF inflows, regulatory changes, and ecosystem upgrades could impact the likelihood of Solana reaching higher price targets. Observers are particularly attentive to whether these dynamics align with scenarios where Solana achieves or exceeds the $90 price level by the end of July. Further announcements from Solana Labs or shifts in regulatory stances may provide additional indicators.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 8% — — 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 0.4% — — View market → August 1 2026 1.6% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 22% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Ramp spustil stablecoin účty pro firmy na Solaně, které mohou držet USDC a USDT a posílat přeshraniční platby 24/7 v jednom workflow. Podpora sahá do více než 140 zemí.
Ramp has expanded its business payments platform with Solana-powered stablecoin accounts, giving companies a way to hold USDC and USDT while sending cross-border payments around the clock from a single financial workflow.
Summary
Ramp has launched Solana powered stablecoin accounts, allowing businesses to hold USDC and USDT while sending cross border payments at any time. Companies can pay vendors in more than 140 countries with stablecoins or settle in over 40 local currencies through Ramp’s existing financial workflows. The launch adds to Solana’s recent enterprise payment partnerships as institutions and businesses expand stablecoin use for treasury management and global settlements. According to an announcement from Ramp, businesses can now open a Stablecoin Account to store USDC or USDT directly within the company’s financial platform and use those balances for international payments without relying on separate crypto exchanges, wallets, or accounting systems.
STABLECOINS ARE NOW ON RAMP.
Your business operates 24/7, but your money only operates Mon-Fri, unavailable on evenings, weekends, & holidays.
Now you can pay vendors faster across borders & move money in USDC or USDT with the approvals & accounting workflows you already use.… pic.twitter.com/3LWphYZRmd
— Ramp (@tryramp) July 21, 2026 The launch also lets companies pay overseas vendors in stablecoins even if they never hold digital assets themselves. Through Ramp Bill Pay, payments can be funded from a U.S. dollar bank account or Ramp Checking before being converted into USDC or USDT and delivered to a recipient’s wallet.
Ramp said the new feature is designed to fit into existing finance operations instead of requiring businesses to adopt a separate crypto workflow. Stablecoin balances appear alongside cash accounts in the same dashboard, follow existing approval policies, and remain connected to the same accounting integrations already used by customers.
Businesses using the Stablecoin Account can also earn rewards of up to 3.25% on eligible stablecoin balances. Ramp described the balances as digital dollars backed by cash reserves and said they are intended for payments and treasury management rather than investment.
Payments move beyond banking hours Cross-border transfers can now be made at any time without waiting for banking cutoffs or wire processing windows, Ramp said. Companies can send USDC or USDT directly to vendor and contractor wallets in more than 140 countries or convert those funds into fiat currencies for payouts across more than 40 local currencies.
The company said more than 1,000 businesses already use stablecoins to pay vendors through its platform. According to Ramp, more than 70% of the payment volume generated by those users takes place outside traditional banking hours, indicating that businesses continue making payments after banks have closed.
Ramp also included comments from Totalis Chief Executive Officer Pravesh Mansharamani, who said the company’s Stablecoin Account has allowed it to keep treasury assets on-chain. He added that his company views programmable, always-available money as a better fit for modern businesses than conventional banking rails.
The announcement follows growing interest among finance companies in using stablecoins for international settlement, treasury management, and business payments as digital dollar infrastructure continues to expand.
Solana continues adding enterprise payment partners The integration adds another enterprise payments use case for Solana, whose ecosystem has increasingly focused on stablecoin settlement instead of only decentralized finance and trading applications.
Recent initiatives by the Solana Foundation have followed a similar direction. Earlier this month, SBI Holdings and the Solana Foundation announced a strategic partnership to establish SBI Solana Global, a venture that plans to build regulated on-chain financial infrastructure in Japan using Solana as its primary blockchain.
According to the companies, the project will support yen-denominated stablecoins, including JPYSC, while also developing tokenized bonds, commercial paper, investment funds, real estate products, and institutional settlement services. The partners also identified cross-border payments and AI-focused payment systems as future business areas, although product launch dates have not yet been disclosed.
Expansion into enterprise finance has also reached South Korea. In April, Shinhan Card announced a partnership with the Solana Foundation to test stablecoin payments on Solana’s testnet through a proof-of-concept that simulates everyday retail transactions between customers and merchants. The company said the pilot is evaluating transaction performance, non-custodial wallet security, and blockchain payment infrastructure while exploring hybrid finance models that combine traditional financial services with decentralized finance technologies.
Solana has also extended its stablecoin payment infrastructure into artificial intelligence services. Earlier this month, the Solana Foundation and Google Cloud introduced Pay.sh, a payment gateway that allows AI agents to purchase API access using stablecoins on Solana. The platform supports per-request payments for Google Cloud services, including Gemini, BigQuery, and Vertex AI, while using Solana wallets instead of conventional subscriptions or API keys.
Bittensor přepracoval dokumentaci tak, aby byla strojově čitelná i pro AI agenty a aby jim usnadnila práci se subnety, stakingem TAO, miningem i validací. Nové materiály zahrnují Quickstart, rozšířené SDK a aktualizované návody k CLI.
Bittensor just made a quiet but consequential move: it redesigned its entire documentation layer so that AI agents, not just human developers, can parse it, understand it, and act on it. The OpenTensor Foundation announced the upgrade on July 21, 2026, framing it as infrastructure for what it calls an “agentic world.”
The documentation overhaul goes well beyond reformatting existing pages. Bittensor rolled out a five-minute Quickstart guide, an expanded Software Development Kit, updated Command Line Interface guides, and migration materials for developers transitioning from older versions of the platform.
The docs now cover wallet management, staking TAO (Bittensor’s native token), mining, validating, and subnet operations. All of it is structured for both human readability and machine consumption.
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This matters because Bittensor’s network runs on subnets, which are specialized markets that create and trade digital commodities like computational power, AI inference, and storage solutions. If an AI agent can read the documentation, discover what a subnet does, and start participating in it without a developer manually wiring everything together, you’ve fundamentally changed the speed at which the ecosystem can grow.
The update arrived just three days after the v431 network upgrade on July 18, 2026, which introduced improved security measures and launched the Conviction mechanism for subnet ownership. That upgrade was designed to lower barriers for programmatic and agent-driven participation in subnets. The documentation refresh is essentially the instruction manual that makes the v431 features accessible to both humans and their AI counterparts.
With machine-readable documentation, an AI agent can theoretically do most of that work itself. It loads the docs, identifies available operations, understands the parameters required, and starts making calls. The human developer becomes a supervisor rather than a line-by-line coder.
If machine-readable docs successfully lower the barrier for AI agents to participate in Bittensor’s subnets, the logical consequence is more network activity. More activity means more demand for TAO, since operations on the network, from staking to mining to subnet interactions, require token usage.
Community feedback on the update has been notably positive, with developers highlighting reduced friction and praising the platform’s AI-native infrastructure approach.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pump.fun spustil BOOST režim, který má při migraci tokenů automaticky vracet likviditu a po dokončení přidávat 17,6 SOL nebo 2 516 USDC. Firma tvrdí, že tím uvolní přes 100 milionů USD ročně dříve ztracené likvidity.
What BOOST Mode Does@Pumpfun has activated a new feature called BOOST mode, designed to recover more than $100M in annual liquidity that was previously lost during token migrations. Under the old system, a portion of the capital accumulated inside a bonding curve was effectively stranded during the graduation process, never making it into the new trading pool.
The BOOST mechanism changes that. According to @Pumpfun, every newly bonded asset now automatically receives 17.6 $SOL or $2,516 $USDC reinjected into it immediately upon graduation. The capital is deployed over five minutes through a series of systematic buybacks and burns, designed to support price action at the most vulnerable moment in a token's lifecycle.
To manage execution risk, the protocol uses a Time-Weighted Average Price (TWAP) strategy. Rather than deploying capital in a single transaction, TWAP spreads purchases across a defined window, reducing the chance of front-running or adverse price impact. The net result, according to the team, is that 20% of liquidity previously sacrificed to protocol friction is now put to work supporting each graduating token.
Context: Pumpfun's Migration Architecture A Pump.fun token graduates when its bonding curve is fully sold out, meaning 100% of the 800 million tradable tokens have been bought. Pump.fun launched PumpSwap in March 2025, and graduations have gone there ever since. Tokens that complete their bonding curve now migrate directly to PumpSwap, removing the 6 SOL migration fee that previously applied.
The BOOST update sits on top of that architecture. By capturing capital that historically disappeared into protocol overhead, it gives newly graduated tokens an immediate liquidity injection rather than leaving them to find their footing in the open market with whatever the bonding curve left behind.
The move is the latest in a broader push by Pump.fun to shore up its ecosystem economics. Pump.fun's gross protocol revenue totaled $971.37 million in 2025 but is annualizing to roughly $320 million so far in 2026, according to DefiLlama data. Earlier this year, the team unveiled a structured buyback-and-burn program directing 50% of revenue from core products, the bonding curve, PumpSwap, and its terminal, to irreversible smart contracts that purchase and burn $PUMP for at least one year.
BOOST mode extends that logic down to the individual token level, attempting to make every graduation event more robust for traders and token creators alike.
Sources
CoinDesk: Pump.fun Burns 36% of PUMP Supply, Locks 50% Revenue Into Buybacks
CryptoNews Australia: Pump.fun Unveils PumpSwap DEX and Token Migration Strategy
Akcionáři Satsuma Technology schválili likvidaci celé bitcoinové pozice o objemu 668 BTC a zrušení kotace na London Stock Exchange. Firma tak ukončuje svůj experiment s DAT.
In brief Shareholders voted by more than 90% to sell the company's 668 BTC, return capital, and cancel its London Stock Exchange listing This marks the end of a Bitcoin treasury experiment in under twelve months. Satsuma raised £163.6 million in August 2025 but expects to return only £26.8 to £30 million after wind-down costs. The shareholders of Satsuma Technology, a U.K.-based Bitcoin treasury company, have voted to liquidate the company's entire Bitcoin position and shut down the business, overruling four of its six board members.
More than 90% of votes cast backed the dual resolutions to sell 668 BTC—worth roughly $43.5 million—and cancel the company's London Stock Exchange listing, per a Monday filing. The move unwinds the digital asset treasury, or DAT for short—the latest such company to call it a day after the DAT trend picked up steam in 2025.
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and hiring Mark Moss in August 2025 as its Chief Bitcoin Strategist. Moss is an American Bitcoin commentator with over 700,000 YouTube subscribers known for advising institutions on how to buy and hold Bitcoin as a corporate treasury asset—essentially, a company's rainy-day fund, but in crypto.
The same month, Satsuma raised £163.6 million ($218 million) through convertible notes—debt instruments investors can either reclaim as cash or convert into company shares—led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken joining in. Investors contributed 1,097 BTC directly in place of roughly $97 million in cash.
The stock peaked around £14 per share, roughly £66 million in market cap, in June 2025. Bitcoin then hit its $126,000 all-time high in October before entering a months-long slide in what became the current crypto winter, dragging the rest of the market—including Satsuma’s stock—with it.
By December, Satsuma was already selling assets to stay solvent: 579 BTC went for £40 million to ensure it had enough cash to repay noteholders who chose not to convert their debt into shares by year-end.
The unravelingThe company’s CFO departed in February 2026; the CEO followed in March. By April, shares had lost more than 99% of their June 2025 value—trading at fractions of a penny—and Pantera Capital, holding about 6.7% of Satsuma's stock, began pushing publicly for full liquidation.
The logic was direct: Satsuma's market cap—the total combined dollar value of all its shares—had fallen well below the value of the Bitcoin sitting on its own balance sheet, the point where owning the stock is strictly worse than owning the coin directly. A group of shareholders representing more than 20% of issued capital formally put the resolution to a vote.
The board split hard. Four of six directors opposed the liquidation, arguing Satsuma was still a viable listed Bitcoin vehicle. Two sided with shareholders pushing to wind down. Shareholders overruled the board majority by a wide margin.
The wind-down runs through a "B Share Scheme," a U.K. legal mechanism for distributing cash assets back to shareholders. Satsuma expects to return between £26.8 million and £30 million after estimated termination costs of £2.7 million—legal fees, severance, delisting charges, and run-off insurance.
Combined with the £40 million from the December BTC sale, total capital recovered lands around £66–£70 million against the £163.6 million originally raised. And because convertible note holders rank above common equity in any payout structure—meaning they get paid first—ordinary shareholders could walk away with considerably less than even those numbers suggest.
Satsuma is currently the second-largest U.K.-listed Bitcoin treasury company by holdings. The first is The Smarter Web Company, which holds 2,878 BTC and has not suggested it’s winding down.
U.K. High Court hearings to approve the capital return are set for August and September 2026. The delisting is expected mid-September, with shareholder payments due by late September.
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Rusko schválilo zákon o digitálních měnách a právech, který od 1. září 2026 po podpisu prezidentem zavádí licencování a dohled nad kryptospolečnostmi. XRP má výhodu, protože je už dostupné přes MOEX v rámci DFA.
Russia has formally approved the Digital Currency and Digital Rights Law, establishing a legal foundation for regulated cryptocurrency activity and paving the way for a new era in the country’s digital asset sector.
Legal foundation for licensed crypto businessesSet to become effective on September 1, 2026, once signed by the president, the legislation outlines comprehensive measures for licensing and oversight of crypto businesses operating in Russia. The law grants the country’s central bank, the Bank of Russia, authority to license and supervise five classes of crypto service providers: exchanges, brokers, asset managers, custodians, and crypto exchangers.
Companies currently offering crypto services will be permitted to operate through a transition period ending July 1, 2027. During this time, crypto exchanges are required to maintain a minimum capital of 15 million rubles, which currently equates to roughly $190,000, and must join an approved self-regulatory organization to ensure industry standards and compliance.
While the new legislation maintains the ban on cryptocurrency use for domestic payments, it explicitly allows digital assets to be used as a tool in cross-border transactions. This approach supports Russia’s efforts to develop blockchain-based settlement mechanisms amid ongoing international sanctions and evolving global financial conditions.
XRP’s unique status within Russian financial infrastructureXRP, the cryptocurrency developed by Ripple Labs for fast and inexpensive cross-border transfers, stands out in this regulatory transition due to its existing presence within Russia’s financial ecosystem. The Moscow Exchange (MOEX), Russia’s largest securities and derivatives trading platform, already enables access to XRP via its Digital Financial Assets (DFA) platform. This infrastructure allows institutional investors to hold tokenized versions of cryptocurrencies, such as XRP, through regulated investment products rather than direct asset acquisition.
Mini dictionary: Digital Financial Assets (DFA): In Russia, DFAs refer to tokenized financial instruments recognized under regulation, allowing for the tokenization of real-world assets or cryptocurrencies and enabling their trading in regulated environments such as MOEX.
MOEX’s expansion into tokenized investments provides regulated avenues for exposure to digital assets. As a result, XRP enjoys early access and integration where many other digital assets must wait until the full licensing regime is implemented.
CriteriaXRP (via MOEX)Other CryptocurrenciesCurrent access in RussiaAvailable to institutions through DFA channelsPending until new licenses are issuedRegulated investment productsYesNo or limitedLegal use in cross-border tradePermittedPermitted after licensing Institutions operating within MOEX’s DFA ecosystem may find it easier to gain exposure to XRP thanks to established, regulated investment options, giving XRP a potential advantage as Russia prepares to activate its newly licensed digital asset framework.
Wider context for Russia’s crypto reformsThe timing of these reforms coincides with reports that Russia is selling portions of its gold reserves to address fiscal challenges intensified by sanctions. As the government seeks alternative financial structures, the expansion of regulated digital asset infrastructure and the explicit legalization of cryptocurrency in international transactions illustrate a clear pivot toward non-traditional settlement networks.
While the law does not grant any cryptocurrency, including XRP, unique legal status or a guarantee of mass adoption in Russia, it positions regulated platforms such as MOEX—and the digital assets they support—as central players in the country’s evolving approach to digital finance.
With the licensed crypto market set for a September 2026 launch, XRP’s established integration within Russia’s financial infrastructure signals that it could attract institutional interest early in this regulated era of cross-border digital asset use.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP Ledger překonal jeden milion agentických transakcí vypořádaných přes x402, což ukazuje rostoucí využití XRP pro strojové mikroplatby. RippleX čeká další růst až na 10 až 100 milionů v příštích letech.
The XRP Ledger has surpassed a significant milestone, recording over 1 million agentic transactions. These transactions, settled via the x402 protocol, indicate the growing use of XRP for machine-to-machine micropayments. RippleX’s Head of Engineering, Ayo Akinyele, anticipates that this volume could reach between 10 and 100 million in the coming years. The development coincides with the launch of the XRPL AI Hub by Ripple-backed t54.ai, aiming to integrate payments and AI agents. This milestone suggests an emerging role for the XRP Ledger as a settlement layer in the agentic economy.
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Key Takeaways The milestone of 1 million agentic transactions on the XRP Ledger suggests increasing adoption of XRP for machine-to-machine payments. RippleX’s Ayo Akinyele anticipates a significant rise in transaction volume, potentially reaching 100 million in the next few years, which may indicate a robust growth trajectory. Pricing suggests market participants view this development as supportive of XRP’s potential for reaching a new all-time high by 2026. What to Watch Observers should monitor further announcements from Ripple and the XRPL AI Hub for indications of continued growth in agentic transaction volumes. Developments such as XRP ETF approvals or significant partnerships could act as catalysts, potentially influencing market sentiment toward XRP reaching a new all-time high. The market will also watch regulatory actions from entities like the U.S. SEC, which could impact sentiment and pricing.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 1.2% — — View market → December 31, 2026 6.2% — — View market →
Base a Coinbase připravují tokenizované akcie kryté 1:1 skutečnými akciemi na síti Ethereum. Produkt má dávat přímé vlastnictví, ne jen syntetickou expozici.
Base, an Ethereum layer-2 network developed by Coinbase, is working with its parent company to introduce tokenized stocks backed one-to-one by actual shares. Jesse Pollak, founder of Base, outlined the plans in a recent post, revealing ongoing product development in collaboration with Coinbase.
Coinbase and Base pursue fully backed tokenized equitiesPollak stressed that the upcoming product aims to represent direct equity ownership, distinguishing it from synthetic stock tokens that merely follow share prices. “Robinhood made the right call bringing tokenized equities to EVM. We fell behind, but we’re very close to fixing it with Coinbase,” he stated. However, neither Pollak nor Coinbase disclosed a launch date or technical specifics.
Coinbase, a leading US-based cryptocurrency exchange, had previously announced its intention to launch tokenized equities for international clients. The company specified that these digital assets will be fully backed by underlying shares, with associated shareholder rights and dividends. Coinbase also confirmed that US residents will not have access to the product at launch. However, there has been no official explanation about the mechanics of issuing, storing, or transferring these tokenized stocks.
Pollak acknowledged Robinhood for moving quickly to bring tokenized equities to Ethereum infrastructure but indicated that Base’s upcoming product is designed for direct ownership: “We’re very close to fixing it with Coinbase.”
Details on custody, regulatory frameworks, and supported stock markets remain unannounced. Pollak explained that a 1:1-backed issuance could improve institutional trust and capital efficiency, but operational aspects are yet to be revealed.
Robinhood Chain sets early pace in tokenized stocksRobinhood, a prominent retail trading platform for stocks and cryptocurrencies, deployed Robinhood Chain in early July as an Ethereum-compatible blockchain. Their tokenized stock solution, called Classic Stock Tokens, operates as regulated derivatives under Europe’s MiFID II standards. Users gain exposure to price movements, but do not receive actual share ownership or rights such as voting.
According to Robinhood, the assets behind these contracts are safeguarded via a US-licensed institution, and users access them solely as derivatives. In contrast, Base and Coinbase are targeting direct tokenization of shares, aiming to give investors onchain ownership rather than synthetic exposure.
Mini dictionary: MiFID II (Markets in Financial Instruments Directive II) is a European Union regulatory framework designed to increase transparency and investor protection in financial markets, impacting trading and reporting standards for investment services.
PlatformToken TypeOwnershipShareholder RightsRegulatory FrameworkBase/Coinbase1:1-backed tokenized stocksDirectYesUndisclosedRobinhood ChainClassic Stock Tokens (derivatives)NoNoMiFID II (EU)Tokenized equities market heats upWith interest in real-world asset tokenization accelerating across the industry, competition for onchain equity products is intensifying. Data from recent industry research values the total tokenized stock market at approximately $1.85 billion. The broader market for tokenized real-world assets, excluding stablecoins, has reached between $31 billion and $34 billion.
Alongside Coinbase and Robinhood, platforms like Backpack and XStocks, supported by crypto exchange Kraken, are also rolling out tokenized equity offerings. This growing activity underlines the sector’s race to attract both retail and institutional investors to blockchain-based share ownership.
Despite Pollak’s signals about imminent progress, major questions remain about the details of Base’s product, including its launch timeline, supported stock exchanges, integration with traditional markets, and availability to US users. Coinbase recently secured approval in the United Kingdom to offer investment services beyond crypto, potentially laying the groundwork for new regulated products in equities and derivatives.
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.
Movement Labs podalo návrh na bankrot podle Chapter 11 po měsících sporů kolem tokenu MOVE a restrukturalizace. Firma uvedla méně než 1 000 věřitelů a závazky přes 1 milion USD.
Movement Labs, the developer of the Movement blockchain, has filed for Chapter 11 bankruptcy.The project came under scrutiny after a market-making deal enabled the rapid sale of 66 million MOVE tokens, triggering a steep price drop and prompting investigations and a token buyback.Movement Labs, the developer behind the Movement blockchain, has filed for Chapter 11 bankruptcy, marking the latest setback for a crypto project that has spent much of the past year navigating governance disputes, a token market-making controversy and a failed strategic reset.
The company said in a bankruptcy filing that it had under 1,000 creditors, somewhere between $100,000 and $500,000 in assets and north of $1 million in liabilities. Its largest creditors include co-founder Rushi Manche, the Delaware Division of Revenue, Anchorage Digital and other entities.
The filing follows months of turmoil for Movement, an Ethereum layer-2 network built using the Move programming language, which was originally developed at Meta. The project launched with the goal of bringing Move-based smart contracts to Ethereum (ETH) while offering faster and cheaper transactions through a scaling network.
Its troubles began shortly after the December launch of the MOVE token.
An April 2025 CoinDesk investigation found that Movement was examining whether it had been misled into signing a market-making agreement that handed a single counterparty unusual influence over MOVE's circulating supply. Internal documents reviewed by CoinDesk at the time showed the arrangement allowed 66 million MOVE tokens to be sold into the market one day after the token debuted, contributing to a sharp decline in price.
The controversy centered on Rentech, a little-known intermediary that appeared in contracts connected to Chinese market maker Web3Port. According to documents obtained by CoinDesk, Movement executives later questioned whether the foundation believed Rentech was affiliated with Web3Port when it was not. Rentech has denied any wrongdoing or misrepresentation.
The fallout extended beyond Movement. Binance banned the market-making account involved in the token launch for what it described as misconduct, while Movement launched a token buyback program and hired outside firm Groom Lake to review the events surrounding the deal.
Movement Labs and co-founder Rushi Manche separated in May 2025.
More recently, the company attempted to chart a new course.
In June, Move Industries, a separate legal entity from MVMT Labs, the company that filed for bankruptcy, announced it would pivot away from competing with other Ethereum scaling networks and instead focus on cross-border payments, remittances and stablecoin settlement. The company said it had secured access to licensed payment infrastructure in the U.S., Canada and the European Union as it sought to build services aimed at emerging markets.
The strategy reflected a wider trend across the crowded layer-2 sector, where blockchain projects have increasingly shifted toward real-world financial applications as competition among scaling networks has intensified.
CORRECTION (July 21, 2026, 18:26 UTC): Corrects that Move Industries and not Movement Labs pivoted from Ethereum scaling.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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TRON Network - Q2 2026
TRON Network - Q2 2026
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
11 hours ago
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Why it matters:
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Robinhood Chain má po třech týdnech celkovou uzamčenou hodnotu (TVL) 278,81 mil. USD a stablecoiny za zhruba 433 mil. USD. Od spuštění už dosáhl kumulativního objemu na DEX 4 mld. USD.
@RobinhoodCrypto launched its Ethereum Layer 2 blockchain on July 1, and the numbers coming out of the network just three weeks later are difficult to ignore. DeFi TVL has climbed to $278.81 million, up nearly 10% in a single day, while stablecoins on the network have reached approximately $433 million after a 32% weekly jump.
For context, the chain started with just $39 million in locked capital three days after going live. That kind of trajectory, multiplying several times over in weeks, has drawn comparisons to some of the fastest Layer 2 ramps on record.
Trading Activity AcceleratingThe volume figures are equally striking. Robinhood Chain has reached a cumulative DEX trading volume of $4 billion since its launch, according to DefiLlama data. Weekly DEX volume has now cleared $4.2 billion, perps volume is up 146% on the week, and bridged value has crossed $950 million. The chain processed $3.1 billion in DEX volume over a seven-day window, ranking it among the top five chains, according to Bernstein.
Robinhood Chain generated about $878 million in 24-hour DEX volume on July 12, briefly leapfrogging Coinbase's Base and Ethereum, according to DefiLlama. At one point it even overtook Hyperliquid in daily DEX volume, a result that would have seemed unlikely when the chain was still just an announcement.
What Is Driving the GrowthRobinhood Chain launched as a permissionless Ethereum Layer 2 built on the Arbitrum stack, the same technology base that powers several of DeFi's largest ecosystems. It runs 100-millisecond block times and uses ETH for gas with no proprietary native token, and launched with three day-one protocol integrations: Uniswap for spot trading, Chainlink for price oracles, and Morpho for lending.
Robinhood is covering gas fees for the first 90 days, which has clearly encouraged experimentation. The chain's broader offering includes 95 tradeable stock tokens, a zero-fee DEX built by the dYdX team, and a roughly 7% APY lending product with Lloyd's of London smart contract insurance.
The bigger unlock may still be ahead. Robinhood argues that its opportunity is not to take volume from established crypto-native venues, but to leverage its more than 27.6 million funded customers to bring new investors into tokenized assets and onchain derivatives. With tens of millions of retail accounts sitting one step away from the chain, the early metrics may only be a preview.
Bernstein said the launch strengthens Robinhood's strategy to expand tokenized equities and other real-world assets through DeFi.
Sources:
CoinDesk: Robinhood Chain scores strong debut, Bernstein says
CoinDesk: Inside Robinhood's high-stakes bet to onboard millions onto blockchain finance
DefiLlama: Robinhood Chain on-chain data
BNB Chain vede závod o onchain AI agenty: z více než 330 000 registrací připadá asi tři pětiny na @BNBCHAIN. Síť zároveň přidala minulý měsíc nejvíc nových agentů ze všech.
The onchain AI agent market has grown at a pace that few anticipated at the start of 2026. According to agent tracker 8004scan, total registrations have climbed from just 337 in January to more than 330,000 today, and @BNBCHAIN accounts for roughly three in five of them. That puts more than 200,000 AI agents on a single network, exceeding the combined total of every other chain, with the next-closest rival still below 40,000.
A gap that keeps widening The lead is not simply a historical artefact. BNB Chain added more new agents last month than any other network, meaning the margin over rivals is still growing rather than narrowing. The ERC-8004 standard, launched by the Ethereum Foundation, defines how AI agents register onchain identities, manage wallets, and interact with smart contracts autonomously, working like an immutable ID or profile for agents that can operate across any chain that supports the standard. BNB Chain has built on top of that foundation with its own tooling designed to lower the barrier to entry for developers.
BNB Chain extended ERC-8004 with its proprietary BAP-578 standard, which enables agents that are ownable, tradable, and upgradeable, capable of autonomous execution across multiple protocols simultaneously. The network has also published 8004scan as a dedicated explorer, giving developers real-time visibility into agent identity, reputation scores, and activity.
Infrastructure built for scale Developers are using agents to execute DeFi strategies, manage NFT activity, and coordinate cross-chain tasks continuously without human input, running 24 hours a day across multiple protocols. At peak, daily transaction volume tied to ERC-8004 agents on BNB Smart Chain reached approximately 523,000 transactions in a single day, with agent-driven DEX trading volume hitting over $18 million on the same day.
BNB Chain has also moved to make onboarding faster. BNB Agent Studio launched on July 1, 2026, giving developers a streamlined path to create and deploy autonomous onchain AI agents without configuring complex infrastructure from scratch. The platform handles wallet provisioning, agent identity, and payment systems automatically. Building a functional AI agent on a blockchain used to take weeks of wrangling with wallets, identity systems, and payment rails. BNB Chain just made that a 15-minute problem.
With registrations still accelerating and developer tooling maturing quickly, @BNBCHAIN looks increasingly difficult to dislodge as the default home for onchain AI agents.
Sources
The Defiant: BNB Chain Overtakes Ethereum and Base by Number of AI Agents
Crypto Briefing: BNB Chain Launches BNB Agent Studio for Rapid AI Agent Deployment
Crypto.news: BNB Chain Leads All Blockchains for AI Agents
Cardano zvažuje návrh PRIME od Alpha Growth, který by mohl alokovat 120 milionů ADA za zhruba 19,2 milionu USD a zvýšit celkovou uzamčenou hodnotu (TVL) v DeFi o 200 milionů USD během příštího roku. Součástí jsou i pojistky, aby se většina prostředků uvolnila jen po schválení pětičlennou skupinou.
Cardano is weighing a proposal that could allocate 120 million ADA, valued at approximately $19.2 million, to increase its decentralized finance (DeFi) total value locked (TVL) by $200 million over the next year. While the initiative aims to advance Cardano’s DeFi ecosystem, some analysts caution that financial incentives alone may not address the network’s deeper challenges.
Alpha Growth’s PRIME proposal and phased funding safeguardsCrypto commentator Linda recently explored the PRIME proposal, developed by Alpha Growth, which seeks to enhance liquidity, develop DeFi products, and attract longer-term capital beyond short-lived incentive schemes. Cardano currently holds about $90 million in DeFi TVL and $45 million in stablecoins.
Alpha Growth’s strategy begins with a comprehensive audit covering 20 to 25 DeFi categories. This would be followed by a public gap analysis to identify specific ecosystem weaknesses. Only after these assessments would the actual incentive programs and capital deployment start.
The proposal’s structure includes key safeguards. The transition to the critical third phase, where most funds would be distributed, requires approval from a five-member operating group featuring representatives from Blink Labs, CoinseLion, Midgard Labs, Input Output, and Tweag. If this panel does not agree to proceed, roughly 90 million ADA will remain untouched in the treasury.
Linda highlighted her support for the safeguard: “I personally really, really like that safeguard.”
The preliminary budget allocates $5.6 million to ecosystem grants, $4.3 million for liquidity provider incentives, and $2.4 million for marketing, events, and partnerships. Alpha Growth would receive a $1.7 million fixed management fee, with as much as $4.6 million additionally tied to performance milestones. Remaining funds are designated for audits and compliance expenses.
Budget ItemPlanned AllocationEcosystem grants$5.6 millionLiquidity incentives$4.3 millionMarketing & partnerships$2.4 millionAlpha Growth fixed fee$1.7 millionPerformance-based feeUp to $4.6 millionAudits & complianceRemaining fundsBefore any spending can occur, Cardano governance may need to lift its Net Change Limit—the treasury cap for funding cycles—from 350 million ADA to 500 million ADA. Linda argued that the current ceiling leaves insufficient room to accommodate the proposed initiative.
Mini dictionary: Alpha Growth, a blockchain consulting firm, develops strategies for DeFi project growth and helps optimize liquidity and capital efficiency for emerging crypto ecosystems.
Key adoption barriers and the debate over incentivesAlpha Growth’s analysis points to Cardano’s fragmented and inefficient liquidity as a primary DeFi obstacle. The proposal claims that increasing “organic APR”—returns based on genuine transaction activity rather than external incentives—will help retain capital and users.
Linda, however, expressed skepticism about the effectiveness of such incentives. She noted that despite past campaigns offering high, relatively low-risk yields, Cardano has struggled to achieve broad DeFi adoption. She believes the network needs a unique “killer app” to persuade users to overcome operational hurdles such as new wallets, cross-chain bridges, and unfamiliar DeFi interfaces.
“We don’t just need competitive APRs. We need something that only exists on Cardano”—an application compelling enough to offset onboarding friction, Linda stated.
Additional headwinds include the lack of native USDC stablecoin support; Cardano currently relies on bridged USDCX, which Linda argued may not deliver the trust, liquidity depth, or integrations that users expect. She also cited slower settlement times and less responsive liquidation processes compared to other leading chains.
Alpha Growth’s proposal essentially represents a test case for whether Cardano can cultivate a robust, sustainable DeFi environment. Should efforts fall short of significantly boosting on-chain activity, Linda suggested that Cardano might need to shift focus toward real-world financial infrastructure—a core vision that shaped the project’s initial development.
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.
T. Rowe Price spustila kryptoměnové ETF vedené bitcoinem, který tvoří zhruba 41 % portfolia, a ETH asi 18 %. Blue Macellari říká, že trh je stále v „crypto winter“.
Bitcoin Provides Defensive ExposureBlue Macellari, T. Rowe Price’s head of digital assets and the ETF’s lead portfolio manager, said the fund reflects the company’s longstanding emphasis on active management and fundamental research.
"We were never going to launch just a Bitcoin ETF," Macellari said during an appearance on the Crypto Prime podcast on Monday.
Its initial portfolio was led by Bitcoin at roughly 41% and ETH at about 18%, followed by positions in BNB, SOL XRP, HYPE and smaller allocations to other assets.
Macellari described the current market as a crypto winter and noted the fund is positioned relatively defensively, explaining its substantial Bitcoin weighting.
‘Tokenization Good, Crypto Bad’ Is A False DivideMacellari argued that Wall Street often tries to separate tokenization from cryptocurrencies by claiming tokenization is valuable while native digital assets are not.
She rejected that distinction.
If stocks, funds and other financial products migrate to public blockchains, their activity could create value for the networks and native tokens underpinning those systems.
The broader portfolio reflects T. Rowe Price’s bullish outlook on what she called "on-chain finance."
Macellari highlighted Hyperliquid’s revenue model as particularly compelling because it can be understood and valued using metrics familiar to traditional investors.
ETH and SOL may also benefit as financial institutions move tokenized assets and around-the-clock markets onto blockchain networks, she predicts.
Crypto Winter May Approach Its Final StageMacellari explained that the market has been in a persistent downturn since the October 2025 selloff, marking the first crypto winter experienced by many investors through spot exchange-traded products.
Bitcoin has suffered a drawdown of about 50%, while Ethereum, Solana and other altcoins have faced deeper declines.
However, she said the selloff has created more attractive asymmetric opportunities in projects whose underlying adoption and economics remain intact.
The key difference from previous winters is that banks, asset managers and financial platforms have continued developing digital-asset infrastructure rather than abandoning the sector.
Macellari expects choppy conditions and the possibility of further declines through the summer but believes the market could begin emerging from crypto winter heading into Q4.
Image: Shutterstock
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Socios.com a Playfly Sports uvádějí první Fan Tokens v americkém univerzitním sportu, a to pro LSU, Maryland, Michigan State, Penn State a Texas A&M. Do 12 měsíců cílí na 30 univerzitních atletických programů.
A few months ago, Chiliz laid out a manifesto for the next phase of Fan Tokens – go omnichain, unlock the US market, and turn the promises of SportFi into shipped products.
This week, one of the biggest pieces of that plan lands.
Socios.com, through Fan Token Management (FTM) US (part of The Chiliz Group), has partnered with Playfly Sports to launch the first-ever Fan Tokens in US college sports. Five programs are in at launch: LSU, Maryland, Michigan State, Penn State, and Texas A&M.
Thirty university athletic departments are targeted within the next 12 months. It’s a major first for US sports and the clearest proof yet that the Chiliz 2030 roadmap isn’t just a slide deck.
This is a major milestone with massive potential.
Penn State’s Beaver Stadium (106,572), Texas A&M’s Kyle Field (102,733), and LSU’s Tiger Stadium (102,321) regularly outdraw every NFL stadium in the country. College football alone pulls in more than 39 million fans a season across Division I. This is a US-first for Fan Tokens, but it’s landing in one of the largest, most fiercely loyal fan markets on the planet.
The promise: 2026 will see our re-entry into the US market That line comes straight from the Chiliz 2030 manifesto. It wasn’t a vague ambition. It was a specific commitment, backed by a specific reason, growing regulatory clarity and growing demand from teams and fans.
That clarity arrived in March 2026, when the SEC and CFTC issued joint guidance classifying Fan Tokens as digital collectibles and digital tools, citing Socios.com directly. That guidance is the regulatory foundation this launch stands on.
College sports is a fitting place to start. It’s one of the most passionate fan cultures anywhere, and now those fans get the same kind of digital connection to their programs that supporters of many of the biggest clubs in the world already have.
As Alexandre Dreyfus, CEO and Founder of Chiliz puts it: “These are the first Fan Tokens® in U.S. college sports and represent not only a new frontier for Fan Tokens® but also a new iteration of the established asset class.”
Craig Sloan, CEO of Playfly Sports, framed it from the university side: the partnership gives athletic departments “innovative ways to engage their fans” while opening “a new revenue stream that can help support student-athletes through NIL initiatives.”
Delivering on the vision This launch is the latest in a run of Chiliz 2030 Vision commitments delivered on schedule. Here’s the scorecard so far.
Going omnichain. For seven years, Fan Tokens lived on a single chain. That changed when Chiliz launched them on Solana and Base, built on LayerZero’s Omnichain Fungible Token (OFT) standard. This isn’t the wrapped-token approach most projects use, where a copy of the asset sits on a new chain backed by reserves elsewhere, fragmenting liquidity in the process. It’s a single, unified token supply across all three chains at once. A fan on Socios.com and a trader on Jupiter or Aerodrome are holding the exact same asset. The integration also runs on LayerZero’s multi-DVN security setup, meaning cross-chain transfers are verified by multiple independent networks rather than one point of failure. The result: expanded distribution, deeper liquidity, and for the first time, real DeFi use cases like liquidity pools opening up for Fan Token holders.
The $CHZ buyback. Chiliz 2030 promised a direct value accrual system tying ecosystem activity to $CHZ scarcity. It’s now live: 10% of Fan Token sale revenue across every supported chain is earmarked for $CHZ buybacks. It’s a structural mechanism, not a one-off event. The more Fan Tokens trade, the more $CHZ gets bought back and removed from circulation, a flywheel connecting club activity and fan engagement directly to token economics.
National team tokens, delivered on schedule. The manifesto flagged this as part of the campaign ahead of a summer of football, and Chiliz followed through.
Champions last time around and this year’s runners up Argentina ($ARG) have their own Fan Token, as do Portugal ($POR).
But, before this year’s tournament got under way, new Fan Tokens for Belgium ($BELG) South Africa ($SAFA), Scotland ($SFA) and eventual champions Spain ($SPAIN) landed.
Performance-linked tokenomics
New tokenomics that react to performances were promised in the manifesto.
And, during this summer’s tournament, we saw the first iteration of this with the rollout of performance linked tokenomics for the first time, with participating national team Fan Tokens burned after every win, directly linking performance on the pitch to what happens on-chain.
After Spain beat Argentina 1-0 in the July 19 final, more than 1M $SPAIN tokens had been burned.
Transforming a vision into reality
Put together, this is what Chiliz 2030 execution actually looks like month to month: chain expansion, tokenomics upgrades, national team tokens landing ahead of the World Cup, and now the first Fan Tokens in American college sports, with 30 university athletic departments targeted within the year.
Ethereum zaznamenalo za poslední týden 113 000 velkých převodů WETH nad 100 000 USD, nejvíce od května 2021. Aktivitu podporují přílivy do spot Ether ETF a nové institucionální nákupy.
Ethereum’s blockchain has registered an exceptional surge in large transactions, as Wrapped Ethereum (WETH) recorded 113,000 whale transfers exceeding $100,000 within the past week. This figure marks the most active whale movement since May 2021 and suggests substantial capital flows across Ethereum’s trading venues, lending markets, and decentralized finance protocols.
Institutional demand on the riseSeveral demand-side factors have contributed to this spike in on-chain activity. U.S. spot Ether exchange-traded funds have seen an uptick in inflows, while BlackRock’s ETH investment products continue to capture new capital from institutional investors. Market participants are interpreting these developments as potential triggers for further network and price growth.
Robinhood Chain’s adoption of ETH as a gas fee currency has also increased the utility of Ethereum in the decentralized exchange landscape, making ETH an even more integral asset for transaction fees and liquidity provision.
In a reflection of this momentum, Bitmine reportedly strengthened its Ethereum reserves to around 5.8 million ETH, signaling a move to position itself ahead of anticipated institutional demand. This action is viewed as part of a broader trend among corporate treasuries leveraging Ethereum’s ecosystem for capital allocation.
Strategic moves and robust network activityAdditional investments from players such as SharpLink and Ethlabs, the latter backed by Joe Lubin, further reinforce expectations of institutional interest within the Ethereum space. These entities see an opportunity in the convergence of ETF adoption, growing Layer 2 development, and increasing corporate engagement.
With numerous technical indicators and capital inflows in play, analysts warn that a sustained upward price movement is not necessarily assured. However, the recent upsurge in high-value transactions highlights a network environment ripe for strategic moves from both retail and institutional users.
The convergence of ETF adoption, Layer 2 expansion, and growing institutional allocations presents a critical point for Ethereum, making its network activity and whale behavior important signals to monitor for market shifts.
Extreme fear underscores current market sentimentDespite the significant on-chain action, market sentiment remains cautious, with indicators currently reading Extreme Fear. This situation amplifies the potential influence of whale activity on price volatility and trader psychology.
At the time of writing, Ethereum trades at approximately $1,932, reflecting a market dynamic shaped by both new institutional accumulation and prevailing uncertainty in sentiment. The balance between these factors could drive further volatility in the days ahead.
In light of heightened transaction volumes and shifting market signals, tools providing real-time analytics and alerts are becoming increasingly essential for active participants trying to stay informed amid rapid market changes. 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.
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.
Casper Network je nyní k dispozici k obchodování na Kraken v USA, což rozšiřuje přístup k CSPR pro uživatele v USA. Listing zvyšuje viditelnost a dostupnost sítě.
The start of Kraken trading expands U.S. access to Casper and marks a major visibility milestone for the network’s broader ecosystem.Sarson Funds today highlighted that Casper Network is now available for trading on Kraken, marking a major access milestone for U.S.-based participants and the broader Casper ecosystem.
The launch of CSPR trading on Kraken gives U.S.-based participants a more familiar way to access Casper and engage with the network. The listing marks an important shift in visibility, accessibility, and market participation.
As a Layer 1 proof-of-stake blockchain, Casper is building infrastructure for regulated real-world assets (RWAs) and machine-native commerce, two sectors gaining rapid prominence across finance and tech in the U.S. The network’s roadmap focuses on making the ecosystem frictionless for retail users while delivering the controls institutions require for compliant, on-chain workflows.
Sarson Funds recently deepened its involvement in the Casper ecosystem by launching a U.S.-based validator node. Alongside its work around staking access and market education, the firm continues to follow Casper’s development across real-world asset tokenization and machine-native commerce, while helping introduce the network’s infrastructure and long-term potential to a broader U.S. audience.
“Kraken trading going live is an important access milestone for Casper,” said Sarson Funds CEO John Sarson. “It gives U.S.-based participants a clearer path to learn about the network, access CSPR, and engage with an ecosystem that has been building steadily around real-world assets, staking, and enterprise infrastructure.”
Sarson Funds will continue covering Casper’s progress and expanding U.S. presence across its website, newsletter, and social channels.
ABOUT CASPER
Casper Network (CSPR) is a Layer 1 Proof-of-Stake blockchain engineered for regulated real-world assets and the machine economy.
With deterministic transaction finality, a multi-VM execution layer supporting both WebAssembly and soon EVM smart contracts, and fixed-cost operations enforced at the protocol level, Casper delivers the infrastructure for compliant asset tokenization, frictionless consumer experiences, and autonomous machine-to-machine commerce.
The Casper Manifest - the network's multi-year technical roadmap - advances nine coordinated protocol initiatives spanning developer access, user experience, institutional compliance, privacy, micropayments, and quantum safety.
The Casper Association, a non-profit organization based in Zug, Switzerland, oversees protocol development and ecosystem growth.
Connect on socials: https://x.com/Casper_Network • https://www.linkedin.com/company/casper-association
Learn more at https://casper.network.
ABOUT SARSON FUNDS
Sarson Funds stands at the forefront of blockchain and cryptocurrency education and marketing services, dedicated to the financial professional community and their clientele.
With a dedication to providing unbiased, comprehensive education on disruptive technologies, Sarson Funds partners with investment managers to bring Wall Street's rigorous research, risk management, and transparency standards to digital asset investing. The firm works alongside traditional financial advisors to determine the appropriate role of cryptocurrencies in diverse investment portfolios.
DISCLOSURES
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation of any securities, tokens, products, or services. Statements herein may include forward-looking information subject to risks and uncertainties. Sarson Funds, Inc. is not providing investment, legal, tax, or accounting advice. Readers should consult their own advisors before making financial decisions. Cryptocurrency and digital asset investments are inherently risky and may result in the loss of capital.
Pendle, the yield tokenization protocol that lets traders split and trade future yield, has crossed $111M in total value locked on the Monad blockchain. That makes it the fifth-largest protocol on the chain, less than a month after launching there on June 19.
The growth engine behind the numbers is AUSD, the Agora Dollar stablecoin backed 1:1 by cash, US Treasury bills, and repos. AUSD supply on Monad has ballooned to roughly $115M, making it the second-largest stablecoin on the chain behind USDC.
From zero to $111M in under a month Pendle hit approximately $51M in TVL within its first 10 days on Monad, then more than doubled. Pendle currently runs at least three active markets on Monad, all built around AUSD and its yield-bearing cousin, earnAUSD. The maturities on these markets cluster around October 8, 2026, giving traders a defined window to speculate on or lock in yields.
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Pendle’s Monad deployment has processed over $52M in trading volume over the past 30 days.
Pendle works by taking yield-bearing assets and splitting them into two tokens. One represents the principal, the other represents the future yield. Traders can sell their future interest payments to someone else today, or buy someone else’s future yield at a discount.
The incentive machine behind the growth Pendle’s Monad expansion has been turbocharged by weekly liquidity incentives of up to $75,000 for AUSD liquidity on the platform, roughly $300K per month in direct subsidies flowing to liquidity providers.
Pendle’s recent integration with Aave v3 pulled in more than $75M in deposits within the first 24 hours.
Across all chains, Pendle’s ecosystem now holds more than $1.14B in total value locked. The Monad deployment, at $111M, represents roughly 10% of that total.
The PENDLE token itself trades around $1.64, giving it a market cap of approximately $281.55M.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood Chain po spuštění mainnetu dosáhl zhruba 10 milionů denních transakcí do tří týdnů a má Arbitrum odvádět 10 % čistých výnosů protokolu. Zatím ale aktivitu nafukuje 90denní gas subsidy a skutečné výnosy jsou minimální.
21 July 2026 | 20:11 Robinhood Chain has become one of the fastest-growing networks in crypto, and Arbitrum is positioned to be a direct beneficiary.
Key Takeaways Robinhood Chain reached roughly 10 million daily transactions within three weeks of its July 1 mainnet launch. The chain routes 10% of protocol net revenue to the Arbitrum ecosystem: 8% to the DAO treasury, 2% to the Developer Guild. A 90-day gas subsidy is driving activity, keeping current fee revenue minimal until it expires in late September. Early volume is dominated by memecoins and DeFi rather than the tokenized stocks the chain was built for. The Layer 2, built on Arbitrum’s technology stack, reached roughly 10 million daily transactions less than three weeks after its public mainnet opened, and it contributes a share of its revenue back to the Arbitrum ecosystem.
The mechanism is real. The current dollar amounts are not yet meaningful. Understanding both is what separates this story from the version circulating on social media.
A 10 Million-Transaction Chain, With an Asterisk The clearest picture comes from Token Terminal, which wrote on X that “daily transactions on Robinhood Chain reach ~10m, while average block times fall to ~100ms,” calling the result a consumer-grade user experience onchain. The firm’s chart shows the ramp was not a single spike: daily counts climbed through early July and have held between roughly 7 million and 11 million since July 8, with several sessions above 10 million, while average block times collapsed from about 3 seconds at launch to a flat line near 100 milliseconds. Counting methods vary by tracker but every source points the same direction, and Token Terminal’s earlier comparison, cited by CoinDesk, showed the chain overtaking Coinbase’s Base in daily transactions within two weeks of launch.
Robinhood Chain daily transactions and block times. Two caveats keep that figure honest. First, Robinhood is covering all user gas fees for the chain’s first 90 days, which brings the cost of transacting to near zero and inflates activity that might not persist once users pay their own way from late September. Second, the composition is not what the chain was built for: DefiLlama data as of mid July shows memecoins and stablecoins dominating a network holding only about $12.8 million in tokenized real-world assets, against total value locked in the hundreds of millions. The pattern echoes Base’s 2023 launch, where speculation arrived first and durable applications later.
Ten million transactions is also not ten million users. Automated contract interactions, swaps and application-generated activity can all produce multiple transactions per participant. The milestone is evidence of technical capacity, not equivalent adoption. For how tokenized stocks and funds actually work as products, see our guide to RWA tokenization platforms.
How Robinhood Activity Becomes Arbitrum Revenue The economic relationship needs a clarification that most coverage skips. Robinhood Chain does not transfer 10% of every transaction’s value to Arbitrum. Under the Arbitrum Expansion Program, it contributes 10% of the protocol net revenue generated by the chain: 8% to the ArbitrumDAO treasury and 2% to the Arbitrum Developer Guild, routed through the program’s fee infrastructure and incorporated into the DAO’s financial reporting, according to the official ArbitrumDAO factsheet.
The connection to ARB is indirect but real. ARB holders vote on how the DAO treasury is used, including ecosystem funding and treasury allocation. The arrangement includes no automatic ARB buyback and no direct distribution to token holders; it adds revenue to a treasury governed through ARB-based voting.
Why the Numbers Are Still Small Here is where the thesis meets the ledger. During the subsidy period, the chain’s daily protocol fees have run at approximately $4,000, and FalconX estimated in April that Robinhood Chain could generate about $1.1 million in fees over six months. Ten percent of net revenue on figures that size is not a treasury-moving number for a DAO of Arbitrum’s scale.
The revenue thesis is therefore a forward-looking one. It depends on activity surviving beyond the subsidy, on fee-paying usage replacing subsidized speculation, and on tokenized securities and payments growing into the volumes that speculative trading currently occupies. If those conditions hold, the recurring flow to Arbitrum grows with them. If activity collapses in October, the 10% share applies to very little.
The Real Boost: A Blueprint for More Chains The larger value to Arbitrum may not be this chain’s fees at all, but what its launch demonstrates. Robinhood opened the mainnet on July 1, 2026 after a February public testnet that, according to the Arbitrum Foundation, processed more than 200 million transactions before production. The company first launched its Stock Tokens on Arbitrum One in 2025, validated the product on shared infrastructure, then migrated to a dedicated chain, the “launch-and-migrate” model described in Arbitrum’s announcement.
Technically, the chain runs first-come, first-served sequencing with roughly 100-millisecond preconfirmations, settles to Ethereum using blob data availability per the official documentation, and is fully EVM-compatible: it uses ETH for gas, supports standard Ethereum wallets, and assets move in over standard infrastructure of the kind covered in our guide to the Arbitrum Bridge and its alternatives. It is also permissionless, meaning external developers deploy without Robinhood’s approval, per Robinhood’s support documentation. The 100-millisecond figure describes ordering and preconfirmation speed, not final Ethereum settlement.
For Arbitrum, a household-name brokerage proving that model at this scale is a sales document for every other institution weighing its own chain. Each additional Expansion Program chain adds another revenue stream to the same treasury. That compounding pipeline, more than this quarter’s fees, is the realistic version of the “Robinhood boosts Arbitrum” story.
The competitive stakes are visible elsewhere: as our analysis of Solana’s second quarter showed, roughly 97% of tokenized-equity trading currently runs through Solana. Robinhood Chain is the most credible attempt yet to pull that market onto Ethereum-aligned rails.
Confirming the Thesis Transaction counts and active addresses in October, after the subsidy expires; sustained seven-figure daily activity on paid fees would convert the launch spike into a business. The share of activity coming from tokenized securities, visible in the chain’s TVL composition. The actual revenue contributions appearing in ArbitrumDAO’s financial reporting, which will put a public dollar figure on what the 10% share is worth. Until then, Robinhood Chain has proven the technology scales and the revenue pipe exists. Whether meaningful money flows through it is a question the coming months will answer.
Source: Based on Robinhood and Arbitrum official documentation and announcements, the ArbitrumDAO factsheet, and network data from Token Terminal and DefiLlama, checked July 21, 2026.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Open USD spojuje více než 140 účastníků včetně Visa, Mastercard, Stripe, Coinbase a BlackRock a nabízí jim podíl na výnosech z rezerv. Tím zvyšuje tlak na zavedené stablecoiny USDT a USDC.
With stablecoin supply above $300 billion and payment use reaching an estimated $390 billion in 2025, more than twice the previous year, competition increasingly centres on distribution, liquidity, reserve income, and access to payment networks.
Open USD has brought these commercial forces together through a consortium of more than 140 participants, including Visa, Mastercard, Stripe, Coinbase, and BlackRock. Participating companies will be able to distribute the asset through exchanges, wallets, merchant products, and payment services while receiving a share of reserve earnings.
The model places Open USD against established issuers and smaller competitors seeking partnerships with the same financial companies.
BeInCrypto spoke with Louisa Bai, Head of Stablecoins at Mysten Labs, Marc Boiron, CEO of Polygon Labs, and Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, about stablecoin competition, regional use cases, currency demand, and blockchain settlement.
Open USD Links Distribution With Reserve Income Open USD gives participating companies a financial incentive to support adoption through their own products. Reserve earnings can be returned to consortium members, linking token distribution to commercial revenue.
“OUSD is primarily built to share stablecoin reserves across its partners, including Visa, Stripe, Coinbase, Mastercard, and leading blockchains such as Sui,” said Louisa Bai, Head of Stablecoins at Mysten Labs. “Its partner network and revenue-sharing model could increase competition in a market with deeply entrenched incumbents.”
USDT and USDC retain an advantage built through liquidity, trading pairs, exchange listings, and widespread use across crypto markets.
“Their moat comes from liquidity depth and years of exchange listings,” Bai said. “Mid-sized issuers face the greatest pressure because they lack the liquidity of USDT and USDC and the partner economics offered by OUSD.”
Open USD also depends on cooperation between companies with different commercial priorities. Decisions covering reserves, governance, supported networks, and distribution will require agreement across banks, payment companies, exchanges, and crypto firms.
Its progress will depend on whether shared reserve income produces sustained adoption across participating products.
Visa just announced the launch of the Visa Stablecoin Platform for financial institutions.
The new enterprise system initially supports Open USD and includes a Wallet-as-a-Service offering.
It is currently rolling out for beta testing with select clients. pic.twitter.com/OiKijT8n3l
— BeInCrypto (@beincrypto) July 16, 2026 Different Stablecoins Will Serve Different Products Stablecoin control will remain divided between issuers, payment companies, exchanges, applications, and blockchains.
Issuers manage reserves and redemption, while payment companies control merchant access and customer distribution. Exchanges provide liquidity, and blockchains determine transaction speed, fees, and settlement capacity.
“Different stablecoin assets aimed at different use cases will coexist, together with different forms of control,” Bai said.
PYUSD remains closely connected to PayPal and its consumer products, while Open USD may develop around business payments and merchant settlement. Exchange-backed coins can focus on trading, while bank-supported assets can serve treasury management and institutional transfers.
This division allows stablecoins to develop around specific commercial environments rather than a single dominant operating model.
Regional Demand Splits Between Dollar Access and Local Settlement Stablecoin adoption follows currency stability, remittance costs, regulation, and access to banking. Latin America currently provides some of the strongest examples of stablecoins functioning as everyday money across savings and cross-border payments, according to Marc Boiron, CEO of Polygon Labs.
“Latin America, and it’s not close,” Boiron said. “When a currency loses value overnight and sending money home costs 6% and takes three days, a digital dollar is a household decision.”
Boiron pointed to the Mexico-US and Brazil-US corridors as major sources of current volume. He described the Gulf as an early regulatory leader, Japan as a careful builder of bank-connected products, and the US as a market gaining more room for regulated issuance and payments.
Emerging markets such as Argentina, Brazil, and Pakistan use dollar stablecoins as protection from inflation and currency depreciation.
In Nigeria, Paga plans to use Sui-based stablecoin payments to support international transfers for freelancers and businesses paying overseas suppliers.
Local-currency coins serve a different economic need. Markets with trusted currencies and regulators seeking domestic settlement onchain have stronger incentives to develop assets denominated in yen, dirhams, euros, or other local units.
“A stablecoin inherits the reputation of the currency behind it,” Boiron said.
He expects dollar coins to lead in markets where people seek protection from inflation, while local-currency stablecoins can develop in places such as Japan and the Gulf, where domestic currencies retain public trust.
Business adoption depends on liquidity and reliable fiat conversion, while distribution and licensing determine how easily merchants and exchanges can support a new asset. Boiron said businesses need coins already present in the wallets and payment services they use, backed by issuers acceptable to banks and auditors.
“It comes down to liquidity, distribution, and whether there is a licensed issuer standing behind it,” he said.
Europe follows MiCA rules covering issuance, authorization, reserves, and distribution. Exchanges have restricted several assets, including USDT, while providers adjusted their offerings to European requirements.
The resulting market divides between dollar access in weaker-currency economies and local settlement in regions where domestic units retain trust.
MiCA regulation is now fully in effect across all 27 EU member states. 🇪🇺
The grace period for unauthorized crypto providers is over.
Now, a single license allows companies to operate continent-wide, setting the stage for a major structural shift. pic.twitter.com/6b0Kg4edjE
— BeInCrypto (@beincrypto) July 1, 2026 Dollar Stablecoins Will Retain Their Lead Dollar coins still dominate supply and liquidity, while local-currency assets are developing around domestic settlement and regional trade.
“Non-dollar stablecoins remain concentrated in foreign-exchange trading within DeFi,” Bai said. “Locally denominated assets such as JPYC will continue to develop, while USD is likely to remain dominant in the near term.”
Meanwhile, Cui expects local-currency stablecoins to grow alongside dollar coins as companies adopt them for domestic payments and regional trade.
“Local-currency stablecoins are developing a durable role alongside dollar coins by reducing FX exposure and allowing businesses operating in euros, reais, or yen to retain their own unit of account,” said Kevin Cui, Executive Director and Chief Executive Officer of OSL Group.
Local coins may gain adoption where companies earn and spend in the same currency, while dollar coins continue serving international settlement and savings demand.
Blockchains Provide the Settlement Base Blockchains determine how efficiently stablecoins move between users, companies, and financial applications.
Boiron offered a complementary view of the chain’s role, arguing blockchains create more value by supporting widely used assets across many products than by issuing coins tied to one ecosystem.
“The most valuable stablecoin is the one everyone else already accepts,” Boiron said.
Chains therefore compete through transaction performance, developer tools, and support for several major stablecoins.
“Sui’s role in stablecoin growth is settlement, with fast execution built for the transaction volumes mass adoption requires,” Bai said. “Stablecoins need fast finality, capacity for large user numbers, stable fees, and strong user experience.”
Sui introduced gasless stablecoin transfers in May 2026, allowing users to send supported assets without holding SUI separately for transaction fees. Confidential transfers entered public beta in June, allowing issuers to conceal balances and transaction values while preserving access for compliance and auditing.
Sui also recorded more than six million transactions per second during a July public experiment using programmable tunnels. These offchain payment and state channels process activity away from the main network before settling final results on Sui.
Such features can support payroll, merchant payments, treasury transfers, and institutional settlement.
Open USD shows how stablecoin competition is expanding beyond issuance. Reserve income, distribution partnerships, payment access, and blockchain performance will influence which assets gain adoption.
Dollar coins will retain their advantage in global markets, while local assets develop around domestic payments and regional commerce. The strongest providers will combine reliable reserves with liquidity, distribution, and efficient settlement.
Coinbase is temporarily shutting off LCX deposits and withdrawals for a three-day window starting July 27 to facilitate a token migration. Existing balances will automatically convert to the new LCX token at a 1:1 ratio, meaning holders on the platform don’t need to lift a finger.
The migration window runs through July 29, 2026, and Coinbase has confirmed no transaction fees will apply during the swap. For a token trading at roughly $0.0207, even small friction costs would matter to holders, so the fee waiver is a practical move.
Why LCX is migrating in the first place LCX, the Liechtenstein-based crypto exchange and tokenization platform, is updating its token infrastructure to comply with the European Union’s Markets in Crypto-Assets Regulation, better known as MiCA.
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MiCA went into effect on July 1, 2026. Coinbase isn’t the first major exchange to back the migration either. Kraken announced its support back on March 13, 2026, giving LCX two of the largest Western exchanges endorsing the transition.
LCX’s bigger picture: MasterDEX and LCX Liberty On July 15, 2026, just days before the migration announcement, LCX completed its acquisition of MasterDEX, a multi-chain decentralized finance platform. The acquisition is designed to power LCX Liberty, the company’s new American DeFi product line.
What this means for LCX holders on Coinbase The practical impact for most holders is minimal. If you have LCX tokens sitting on Coinbase, the conversion happens automatically. You don’t need to approve anything, move tokens to a different wallet, or interact with a smart contract. Your balance stays the same, just denominated in the new token.
The key thing to watch is the three-day pause on deposits and withdrawals. If you’re planning to move LCX on or off Coinbase between July 27 and July 29, you’ll need to adjust your timing.
Coinbase stock was trading at $179.25 as of July 21, 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Twenty One Capital jmenovala Raphaela Zaguryho novým CEO místo Jacka Mallerse, který se vrací k plnému vedení Strike. Firma zároveň odstoupila od plánu na sloučení se Strike a Elektron Energy.
Tether International announced on Tuesday that Twenty One Capital has appointed Raphael Zagury as its chief executive, succeeding Jack Mallers, who is leaving the role to focus on Strike, the Bitcoin payments company he founded.
The companies said the transition will be managed through an orderly transfer of responsibilities and confirmed they are no longer proceeding with plans unveiled in April to combine Twenty One Capital, Strike and Elektron Energy. Strike will continue as an independent company.
The abandoned proposal would have created a single Bitcoin-focused company with exposure to mining, payments and capital markets. Mallers had been expected to remain CEO of the combined business, while Zagury was slated to become president.
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The transaction was also expected to increase Twenty One Capital’s Bitcoin holdings by incorporating Strike’s Bitcoin treasury but those plans have now been shelved.
The leadership change comes after Mallers oversaw the creation and public listing of Twenty One Capital, helping establish the firm as one of the world’s largest corporate Bitcoin holders. Twenty One Capital currently holds 43,514 Bitcoin worth approximately $2.9 billion.
“I’m grateful to everyone at XXI and everyone who believed in what we built,” Mallers stated. “Serving Bitcoiners has always been the mission, and that doesn’t change. Strike is where I carry it forward.”
“On behalf of the Board of Directors, I would like to thank Jack for his vision and leadership in founding Twenty One Capital, and for guiding the company through its business combination and successful listing on the New York Stock Exchange in December 2025,” Tether CEO Paolo Ardoino stated. “He took conviction in Bitcoin and turned it into a public company, and we’re grateful for that.”
The company said it will now build on that foundation by expanding into Bitcoin-focused financial services, lending, capital markets products and educational programs, with further details on its strategic direction expected in the coming months.
Zagury, who currently heads the team managing Elektron Energy, has served on Twenty One Capital’s board and will remain a director after assuming the CEO role. His background includes senior positions at Goldman Sachs, Deutsche Bank and Merrill Lynch, as well as leadership roles at fintech lender OpenCo and investment bank One Partners.
“Now that we embark on the next chapter, Rapha is one of the best operators in this industry, with a track record of building businesses with strong cash flows and disciplined execution. He brings exactly the operating standards XXI needs as it enters its next phase of growth,” Ardoino added.
Zagury said his focus will be on applying institutional standards of governance, operational rigor and disciplined capital allocation to maximize the value of the company’s Bitcoin-backed balance sheet.
“Twenty One holds one of the largest Bitcoin balance sheets in the public markets,” Zagury commented on the move. “My job is to build the operating company around it, with the discipline, governance, and executional rigor of an institution. I believe our business will perform best when we also focus on the cash flow we generate and the rigor with which we allocate capital, not only by the Bitcoin we hold.”
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
MEXC spustila staking TAO od Bittensoru pro globální uživatele. Integrace přes validátor Yuma zpřístupňuje staking 40 milionům uživatelů a rozšiřuje přístup k ekosystému Bittensor.
MEXC adds Bittensor TAO staking for its global user baseThe integration with validator Yuma gives millions of MEXC users access to Bittensor, an AI-focused blockchain whose ecosystem now spans 128 specialized subnets.
Cryptocurrency exchange MEXC has launched staking support for Bittensor’s native TAO token, allowing users to earn rewards by helping secure one of the largest decentralized artificial intelligence networks.
Bittensor validator Yuma announced Tuesday that MEXC has integrated its validator infrastructure to support TAO staking for the exchange’s reported 40 million users. Yuma participates in Bittensor’s consensus mechanism by evaluating the performance of network subnets — specialized AI applications that perform specific machine learning tasks — and assigning weights that help determine how staking rewards are distributed.
The companies said the integration is intended to expand access to the Bittensor ecosystem and increase participation in the network.
Bittensor is a decentralized network that coordinates the development of AI models and services through subnets, which compete for token rewards based on their performance and usefulness to the network. TAO holders can stake tokens to validators, who allocate stake across subnets and earn rewards based on those allocations.
The Bittensor ecosystem currently consists of 128 subnets that specialize in tasks such as AI inference, model training, coding assistants and financial modeling. The ecosystem has expanded as interest in decentralized AI grows, with advocates arguing that open networks such as Bittensor are less susceptible to government or corporate restrictions than proprietary AI models. That argument gained renewed attention after the US Commerce Department restricted public access to certain Anthropic models due to national security and export control concerns.
TAO was trading at around $199 at the time of writing, giving it a market capitalization of roughly $1.916 billion, according to CoinMarketCap.
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.
ONDO vzrostlo o více než 17 % poté, co Ondo napojilo CRCL a SPY na tokenizovaná oprávnění přes infrastrukturu DTCC. Ondo Perps zároveň hlásí více než 1 miliardu USD v sedmidenním objemu.
TLDR: ONDO price advanced more than 17% as Ondo connected CRCLon and SPYon with tokenized entitlements created through DTCC infrastructure. The DTCC model ties tokenized products to securities held at DTC, giving institutions familiar custody, ownership, and settlement controls. Robinhood Chain and Ondo Perps broaden distribution, while the derivatives platform reports over $1 billion in seven-day trading volume. ONDO must hold the $0.37 to $0.38 breakout zone and close above $0.40 before traders can focus on the $0.43 to $0.45 resistance area. ONDO price jumped more than 17% as investors reacted to Ondo Finance’s latest link with DTCC infrastructure. The token moved toward $0.39 after trading near $0.34 one day earlier. The rally also extended its weekly advance as demand returned to real-world asset projects.
Ondo said CRCLon and SPYon now connect with DTC Tokenized Entitlements created through DTCC’s Tokenization Service. Those instruments represent Circle shares and the SPDR S&P 500 ETF. DTCC said tokenized assets retain the same rights and protections as traditional securities. The structure gives Ondo products a clearer bridge into established clearing and settlement systems.
ONDO Price Gains Support From DTCC Tokenized Securities The DTCC development gives Ondo Finance more than another blockchain partnership. It links tokenized stocks with securities held inside DTC’s existing custody framework. The digital entitlements keep matching CUSIP identifiers and market symbols.
That design may appeal to institutions needing familiar ownership records, settlement processes, and operational controls. DTCC plans a broader Tokenization Service launch in October 2026 after limited production activity in July. More than 50 firms joined its industry working group before the initial rollout.
$ONDO jumped ~18% on its tokenized-stock launch, and unlike most catalyst pops, the on-chain side is following.
📈 $ONDO rose from ~$0.31 to ~$0.37 over Jul 14 to 16, roughly +18%, after launching DTCC-backed tokenized stock representations and a partnership with Japan’s SBI… pic.twitter.com/ryz2ljzZXw
— Santiment Intelligence (@SantimentData) July 17, 2026
Ondo’s participation also places its products beside infrastructure used by major banks, asset managers, and exchanges. Still, the connection does not guarantee immediate institutional demand for the ONDO token. Investors must separate product adoption from direct token value capture.
Robinhood’s July launch adds another distribution channel for Ondo Finance. Robinhood Chain now supports stock tokens and DeFi products through an Arbitrum-based network. Ondo’s tokenized assets can gain wider visibility as more users explore onchain equities.
The project also completed a cross-border Treasury redemption pilot with Kinexys, Mastercard, and Ripple in May. Ondo processed the tokenized asset redemption, while bank infrastructure handled the fiat settlement. The transaction showed how public blockchains could connect with established payment rails.
Ondo Perps provides another sign of rising activity around tokenized markets. The platform reported more than $1 billion in seven-day volume. It also crossed $3 billion in cumulative trading volume, showing stronger demand for RWA-based derivatives.
Technical Levels Decide Whether the ONDO Rally Extends The daily chart shows the ONDO price moving above its 20-day, 50-day, and 100-day exponential moving averages. Those averages sit near the $0.339 to $0.345 region. The token also crossed the 200-day EMA around $0.376.
That breakout shifts the short-term structure toward buyers. Stronger volume also supports the move and reduces concerns about a thin-liquidity spike. However, the ONDO price now faces resistance between $0.39 and $0.40.
ONDO/USD 4-hour chart. Source: TradingView A daily close above $0.40 could expose the May highs near $0.43 to $0.45. The next larger resistance levels sit around $0.48 and $0.70. Reclaiming those zones would require sustained demand and broader strength across altcoins.
Short-term momentum already looks stretched. The four-hour RSI has reached about 75, placing the market in overbought territory. That reading does not cancel the breakout, but it raises consolidation risk.
The $0.37 to $0.38 area now forms the first support zone. Holding that region would preserve the breakout structure. A loss of $0.37 could send ONDO price toward the moving-average cluster near $0.34.
Ondo Perps spustil tokenizované akcie jako kolaterál pro perpetuální obchodování. Podporuje SPYon a QQQon a platforma už zpracovala přes 3,8 miliardy USD objemu.
According to official announcements, Ondo Perps has launched a tokenized stock collateral feature, allowing all users to use Ondo Finance’s tokenized stocks as valid collateral assets for perpetual contract trading. The first supported assets include tokenized versions of the S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo noted that its perpetual contract platform has processed over $3.8 billion in trading volume. As traders’ demand grows for on-platform hedging, deep liquidity, tight spreads, low slippage, exchange speeds comparable to centralized exchanges (CEXs), and 24/7 trading, the on-chain stock derivatives market is expanding rapidly. The tokenized stock collateral mechanism allows traders to gain exposure to other markets without locking funds in stablecoins or selling existing assets, thereby improving capital efficiency. This feature is part of Ondo’s "Productive Capital" strategy, designed to gradually align the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with those of traditional derivatives markets. The company added that the current trading and margin infrastructure built on tokenized assets is just the beginning of a broader on-chain prime brokerage ecosystem, with plans to launch additional markets, liquidity products, and innovative features in the future.
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According to market data from BIT (bit.com), crypto-related stocks in the US equities market rallied across the board during intraday trading: Circle (CRCL) rose 7.28%, MARA gained 6.56%, Sharplink (SBET) climbed 2.52%, Robinhood (HOOD) advanced 8.34%, Bullish (BLSH) increased 7.71%, Coinbase (COIN) jumped 12.15%, and Strategy (MSTR) rose 4.65%.
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PUMP za posledních sedm dní vzrostl o více než 30 % poté, co influencer Ansem zveřejnil nákup za 1,5 milionu USD. Denní objem vyskočil o více než 500 % na 164 milionů USD.
Key Highlights PUMP has surged more than 30% over the last seven days, currently trading around $0.001983 Trading volume exploded by over 500%, exceeding $164 million in daily activity Crypto influencer Ansem revealed a $1.5 million investment in PUMP, triggering a buying wave The platform has deployed approximately $410 million toward token buybacks, eliminating over 151 billion PUMP tokens Crypto analyst BATMAN identified renewed meme coin momentum as a critical catalyst for platform growth The PUMP token from Pump.fun has experienced remarkable momentum recently. Over the past seven days, the price has advanced more than 30%, with single-day gains reaching approximately 18%. At press time, PUMP was changing hands near $0.001983, with its market capitalization hovering around $779.88 million.
Pump.Fun (PUMP) Price Trading volume data reinforces this bullish narrative. Daily volume spiked more than 512%, climbing to $164 million within a 24-hour period. This dramatic increase suggests substantial buying interest rather than thin-market volatility.
A major catalyst behind this price action was crypto influencer Ansem’s public disclosure of his $1.5 million PUMP token acquisition. According to CoinGecko, the token’s value jumped over 23% following Ansem’s published investment rationale. Previously, analyst Kaff had suggested that PUMP’s fundamental metrics alone — including approximately $1–2 million in daily revenue and a price-to-earnings ratio around 1 — were insufficient to drive significant market movement independently.
ANSEM DIDN’T RANDOMLY WAKE UP BULLISH ON $PUMP
WATCH HOW THE ENTIRE INFLUENCER CAMPAIGN WAS BUILT IN REVERSE
June 16:
Ansem creates his first https://t.co/cWm0VDS47g profile and links his identity directly to a wallet
he immediately says he is “not endorsing any microcaps”… https://t.co/fmMhWoqYRw
— Jam (@jellysmithrave) July 20, 2026
On July 20, cryptocurrency analyst BATMAN observed that meme coin sector interest has been resurfacing after multiple weeks of subdued activity. BATMAN highlighted that PUMP had successfully reclaimed a critical support threshold and emphasized that heightened meme coin creation directly correlates with increased platform engagement and revenue generation for Pump.fun.
Recently, meme coins have been gaining traction and massive attention once again.
Because of that, $PUMP is finally looking interesting, with a recent breakout reclaiming a key support level.
More trading activity and coin launches means more revenue for… pic.twitter.com/KZWdb987MF
— BATMAN ⚡ (@CryptosBatman) July 20, 2026
Strategic Buyback Program Counters Unlock Pressure Pump.fun has implemented a substantial token buyback initiative. The platform has allocated approximately $410 million to repurchase PUMP tokens and has permanently removed 151.1 billion tokens from circulation through burning, effectively eliminating more than 15% of the initial supply.
The platform maintains a daily buyback pace of roughly $400,000, translating to approximately $12.85 million monthly. This figure closely aligns with projected team and investor token releases, estimated at around $12 million per month.
Analyst Ali Charts highlighted on X that approximately 82.5 billion PUMP tokens entered their initial significant insider unlock phase during July. Following a one-year vesting cliff, tokens allocated to team members and early investors — valued at roughly $125 million — became eligible for sale. The ongoing buyback initiative has effectively offset considerable portions of this selling pressure.
Around 82.5 billion $PUMP tokens are set to enter their first major insider unlock in July.
After a one-year cliff, team and early-investor tokens worth roughly $125 million became available to sell.
Given the size of the unlock relative to the circulating supply and average… https://t.co/RwFbzzoACb pic.twitter.com/ubfeR9i5xQ
— Ali Charts (@alicharts) July 21, 2026
Technical Analysis Outlook PUMP successfully escaped a multi-week consolidation zone bounded by $0.00140 and $0.00170. The price briefly exceeded $0.0020 before experiencing a modest retracement.
Currently, the token is positioned comfortably above its 20-day simple moving average of $0.00159 and its 50-day simple moving average of $0.00153. The Relative Strength Index registers 68.30, nearing but not yet entering overbought conditions.
Platform virality has contributed additional momentum. Jimothy the Raccoon (JIMOTHY) experienced a 186% surge and produced over $36 million in trading volume, amplifying overall engagement throughout the Pump.fun ecosystem.
Cumulatively, Pump.fun has produced approximately $1.2 billion in total revenue and facilitated over $800 million in SOL token sales through its launchpad infrastructure.
Aster Chain has officially flipped the switch on its mainnet, and the numbers suggest people were already waiting at the door. The privacy-focused Layer 1 blockchain reports 450 million $ASTER tokens staked and 112 real-world asset markets live, marking a significant milestone for a project that started life as a decentralized perpetual futures exchange on BNB Chain.
From DEX to sovereign chain Aster’s mainnet genesis went live on March 17-18, 2026, completing the project’s transformation from a multi-chain decentralized exchange into a full-blown Layer 1 blockchain.
The technical foundation runs on zero-knowledge proofs, a cryptographic method that lets one party prove something is true without revealing the underlying data. In English: you can verify transactions happened without exposing who sent what to whom.
The chain achieves 50-millisecond block times. For context, Ethereum’s block time hovers around 12 seconds, and even Solana targets roughly 400 milliseconds. Aster is claiming speeds that would make it one of the fastest settlement layers in crypto, which matters enormously for the derivatives trading that remains its core use case.
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The project has secured backing from YZi Labs, the family office of Binance founder Changpeng Zhao.
450 million tokens locked up The 450 million $ASTER tokens staked on the network secure the chain through proof-of-stake consensus. Public staking is now live, meaning anyone can participate in securing the network and earning rewards.
The transition from a DEX running on someone else’s blockchain to a sovereign chain with its own validator set gives Aster control over its own consensus rules, fee structures, and upgrade timelines without depending on the roadmap of another network.
Real-world assets enter the chat The 112 RWA markets represent Aster’s push beyond pure crypto trading into tokenized versions of traditional financial instruments. This includes stock perpetuals, which let traders gain exposure to equity price movements without actually holding shares, all settled on-chain.
The privacy angle is particularly relevant. Traditional finance institutions exploring on-chain trading have consistently flagged transaction privacy as a dealbreaker. ZK proofs enable verifiable transactions without public exposure of trade details.
Aster also upgraded its trading features during the first half of 2026, adding advanced order types that bring it closer to the functionality traders expect from centralized exchanges.
What this means for investors The competitive landscape includes dYdX, which migrated to its own Cosmos-based chain, and Hyperliquid, which built a custom Layer 1 for perpetuals. Aster is entering the same arena with a differentiated bet on ZK privacy.
The roadmap includes permissionless elements, governance upgrades, and developer tools called Aster Code.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperscale Data, the AI-focused data center company trading under the ticker GPUS on NYSE American, just added another 51.5 Bitcoin to its corporate treasury. The purchase brings its total stash to 1,087.4527 BTC, valued at roughly $70.3 million at a Bitcoin price of $64,691.
The acquisition was made through Ault Capital Group (ACG), a subsidiary, via open-market purchases during the week ending July 19, 2026. It’s the latest move in what has become a steady, methodical Bitcoin accumulation strategy that the company has pursued since early 2025.
A growing Bitcoin pile with a familiar playbook The company uses a two-pronged approach: mining Bitcoin directly and buying it on the open market. Earlier in its accumulation phase, holdings climbed toward 900 BTC. Then a 32.49 BTC purchase pushed the total to approximately 1,032.5 BTC, valued at around $65.8 million at the time. Now, with this latest 51.5 BTC buy, the company sits above the 1,000 BTC mark.
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Executive Chairman Milton “Todd” Ault III has been vocal about what he sees as a disconnect between the company’s market capitalization and the actual value sitting on its balance sheet. With Bitcoin holdings alone exceeding $70 million, and total reported assets reaching approximately $106.7 million as of late June 2026, he argues the market isn’t pricing in what the company actually owns.
The corporate Bitcoin treasury trend keeps expanding The company’s Bitcoin holdings represent a significant chunk of its total reported assets. At $70.3 million out of roughly $106.7 million in total assets, Bitcoin accounts for approximately two-thirds of everything the company owns on paper.
The strategy also includes a notable corporate restructuring on the horizon. Hyperscale Data plans to divest ACG during the second quarter of 2027 through an exchange involving 1,000,000 Series F Preferred shares, which were issued back on December 23, 2024.
What this means for investors With 1,087 BTC, the $70.3 million in Bitcoin represents real, liquid value that the company can point to when making the case that its equity is undervalued. When Bitcoin constitutes roughly two-thirds of total assets, the company’s fortunes become heavily correlated with crypto price movements.
The planned ACG divestiture adds another variable. If the separation goes through in Q2 2027 as planned, investors will need to evaluate how the Bitcoin holdings get allocated between the parent company and the spun-off entity, with the mechanics of the Series F Preferred Stock exchange creating complex valuation dynamics.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin roste, protože Scott Bessent naznačil, že CLARITY Act směřuje k projednání v Senátu už v létě. Zákon má vyjasnit dohled nad digitálními aktivy mezi SEC a CFTC.
Washington is finally doing something about crypto regulation, and Bitcoin is noticing. Crypto markets have started moving again after months of sideways action, with the catalyst being renewed signals from Treasury Secretary Scott Bessent that the Digital Asset Market Clarity Act is on a real legislative timeline.
Bessent has been vocal about urgency, pushing for Senate passage this summer before the August recess. Hearings are scheduled around the week of July 20, which means the window is narrow and the pressure is real.
What the Clarity Act actually does The bill’s formal name is the Digital Asset Market Clarity Act, or the CLARITY Act, filed as H.R.3633. Here’s the core problem it solves: for years, Bitcoin, Ethereum, and essentially every other digital asset have existed in a regulatory no-man’s land between the SEC and the CFTC. The CLARITY Act draws a cleaner boundary, defining which assets fall under SEC oversight and which belong to the CFTC.
The House already passed the bill on July 17, 2025, by a vote of 294 to 134. That’s a comfortable bipartisan margin, not the kind of partisan squeaker that tends to die in the Senate.
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Where the Senate stumbles Senate negotiations have snagged on two specific issues: stablecoin yield provisions and DeFi regulations. Stablecoin yield language determines whether interest-bearing stablecoins get treated like money market funds or something else entirely, which has enormous implications for products that crypto companies are already building.
A breakthrough on the stablecoin yield language was reportedly reached in March 2026, clearing one of the bigger obstacles. The DeFi provisions and Republican vote-securing remain the outstanding work.
Bessent published an op-ed in the Wall Street Journal on April 8, 2026, framing inaction as a competitive risk. His argument was direct: if the US doesn’t establish clear rules, capital and talent will flow to jurisdictions that have. Europe’s MiCA framework is already operational.
Why markets are reacting now Bessent signaling a real summer timeline changes the probability calculus. Institutional players who have been waiting for a cleaner legal environment now have a specific window to watch. If the Senate moves before the August recess, the regulatory environment for crypto in the US looks materially different in Q4 than it did six months ago.
For Bitcoin specifically, Bitcoin’s regulatory status as a commodity has been relatively settled for some time, meaning the CLARITY Act’s direct impact on Bitcoin is less about its own classification and more about the ecosystem around it. More institutional infrastructure, cleaner on-ramps, and a more stable regulatory environment for exchanges and custody providers all feed into Bitcoin demand indirectly.
The broader market, including assets whose commodity-versus-security status remains genuinely contested, stands to benefit more directly from the bill’s classification framework. A token that gets a clean CFTC designation under the new rules faces a fundamentally different compliance burden than one stuck in SEC limbo.
Watch the week of July 20 closely. If Senate hearings produce meaningful committee progress before the August recess, expect that to function as a positive catalyst. If negotiations stall and the bill gets pushed to September or later, some of the optimism currently priced into the market will need to unwind.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Galaxy spouští iniciativu Bitcoin Quantum Readiness Initiative a vyčlenila 5 milionů USD na granty pro vývojáře postkvantového zabezpečení. Firma varuje, že budoucí kvantové počítače by mohly ohrozit kryptografii eliptických křivek Bitcoinu.
Galaxy has launched a new initiative aimed at preparing Bitcoin for the potential threat posed by quantum computing.
The firm, which is spearheaded by cryptocurrency bull Mike Novogratz, has $5 million in grants to fund those developers who are specifically focused on post-quantum security solutions.
The Galaxy Bitcoin Quantum Readiness Initiative will support efforts to develop new signature schemes, Bitcoin upgrade proposals, wallet migration solutions, and so on.
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The firm has noted that no quantum computer today can break Bitcoin’s security, but that could change "faster than expected," and the Bitcoin community is too conservative to implement a fix fast.
The initiative will be built around developer funding, ongoing research through Galaxy Research, and a Quantum Advisory Council composed of experts in quantum computing and cryptography.
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"There’s a gap between the quantum computing world, which is moving fast, and the Bitcoin development world, which is just beginning to engage with post-quantum cryptography in earnest," Alex Thorn, the head of research at Galaxy Digital, said in a statement.
The company said Bitcoin’s reliance on elliptic curve cryptography creates a long-term risk if sufficiently powerful quantum computers become available. However, Galaxy emphasized that no such quantum computer currently exists and that Bitcoin still has time to prepare.
Quantum risk is real Recently, Galaxy published an insightful report that examines Bitcoin’s potential vulnerabilities related to rapid advancements in the realm of quantum computing.
According to the report, the main risk comes from the possibility that future quantum computers could be capable enough to break the flagship cryptocurrency's elliptic curve digital signatures.
Millions of coins could be at risk under certain scenarios, according to some estimates.
However, the firm argued that the risk is recognized and that developers are currently exploring mitigation strategies.
Slow-moving Bitcoin governance remains a major hurdle. BTC has no central authority, so any quantum-resistance upgrade would require great coordination among developers, miners, and so on.
Senate negotiators settled the ethics dispute that had stalled the CLARITY Act for weeks. Bitcoin climbed toward $67,000 as spot ETFs extended a multi-day streak of net inflows. Republicans still need several Senate Democrats to cross over before a floor vote can happen. Prediction markets raised their odds on passage but still see the timeline as tight. Bitcoin climbed toward $67,000 on Tuesday after Senate negotiators reached a compromise on the ethics language that had frozen the Digital Asset Market CLARITY Act for weeks. Senator Cynthia Lummis, Senator Bernie Moreno and White House crypto advisor Patrick Witt finalized an agreement that hands enforcement of new conflict-of-interest rules to the Department of Justice rather than to individual state attorneys general. Traders read the deal as the clearest signal yet that a Senate floor vote could arrive within days. Bitcoin’s price reaction, a move from the low $64,000s to a fresh local high near $66,872, reflected that shift in expectations before the political story even finished developing.
Crypto in America host Eleanor Terrett first reported the agreement Monday night, citing multiple industry sources briefed on the language. Witt confirmed his own continued involvement hours later, thanking the president and White House adviser David Sacks for the chance to see the effort through.
How a Justice Department Clause Broke a Weeks-Long Standoff The CLARITY Act itself was never really the sticking point. The bill hands primary oversight of spot crypto markets to the Commodity Futures Trading Commission, leaves securities-like tokens under the SEC, sets formal bankruptcy protections for exchange customer funds, and carves out safe harbors for DeFi developers. That package had broad support months ago. What stalled it was a single clause. Democrats led by Senators Angela Alsobrooks and Ruben Gallego wanted guardrails preventing the president, vice president and members of Congress from using their offices to profit off personal digital asset holdings, a provision aimed squarely at Trump, whose 2025 disclosures showed $1.4 billion in crypto-related income through World Liberty Financial and a string of personalized memecoins.
The fix that unlocked the deal was procedural rather than substantive. Instead of letting individual state attorneys general enforce the ethics rules, which risked fifty different interpretations and years of litigation, the DOJ takes sole enforcement authority. That gives the bill one federal standard instead of a patchwork, which is precisely what institutional players wanted before committing capital to products built around the new rules.
ETF Buyers Were Already Positioning Before the Political News Broke The legislative breakthrough triggered Tuesday’s price spike, but the money underneath it had been arriving for days. U.S. spot Bitcoin ETFs pulled in $226.92 million in net inflows on Monday alone, extending a five-day streak that now totals $727.3 million. BlackRock’s IBIT, Fidelity’s FBTC and Grayscale’s GBTC led the buying. That run has pushed year-to-date net outflows back below $5 billion, clawing back a meaningful chunk of the $7.5 billion that left the ETF complex during the brutal mid-May to late-June downturn. Total ETF market capitalization has rebounded from a low of $75 billion to $79 billion.
Monday Net Inflow
$226.92M
5-Day Streak Total
$727.3M
YTD Net Outflows
Below $5B
ETF Market Cap
$79B
up from $75B low
Leading funds: BlackRock IBIT, Fidelity FBTC, Grayscale GBTC
A Triangle Nearing Its Breakout Point The weekly chart adds a layer Tuesday’s rally doesn’t show on its own. Bitcoin has spent months carving out a symmetrical triangle, a descending line off the $130,000 peak converging against an ascending line off the $60,000 lows, and price is now trading right at that apex. That’s typically where a breakout happens, not further consolidation, since the range between the two trendlines has narrowed to almost nothing.
The 50-week moving average, sitting near $89,700, tells the more sobering part of the story. Price remains well below it, and the weekly RSI at 32.89 stays under the neutral 50 mark, both consistent with a market still working through a correction rather than confirming a fresh uptrend. None of that erases Tuesday’s move. It does mean the CLARITY Act news and ETF inflows are landing on a chart that hasn’t broken out of its longer-term downtrend yet, so the triangle’s resolution in the coming weeks, not any single day’s headline, is what will show whether this rally has real follow-through.
$97,900
Prior resistance / SMA rollover zone
$89,700
50-week SMA
$66,855
Current price
32.89
Weekly RSI, below neutral 50
The Seven Democrats Standing Between the Bill and a Vote Republicans hold 53 Senate seats. Breaking a filibuster requires 60 votes, meaning at least seven Democrats need to cross the aisle, and as of Tuesday not one has publicly signed onto or even reviewed the finalized text. Advocacy groups including Indivisible are already campaigning against the bill, framing it as a deregulation vehicle built to benefit crypto holders in office rather than protect consumers. Senator Moreno has called the new ethics framework the strongest of any bill Congress has passed, and Senate Majority Leader John Thune could bring it to the floor within days if he chooses to. Whether he does remains the open question.
Polymarket puts implied odds on 2026 passage at 43%, up from 32% within hours of the ethics deal. Kalshi caps the probability of the bill becoming law this year at 36%, citing the narrow runway before the August 8 recess. Dan Gambardello remains cautious, pointing to the absence of any public Democratic commitment to the finalized text. What Would Actually Change if Thune Schedules a Vote This Week A scheduled floor vote, on its own, becomes the next catalyst regardless of how the count eventually lands. Markets have already shown they will move on the possibility of a vote, not just its outcome. If Thune sets a date and the released text shows real bipartisan concessions, the bull case points to a run through resistance toward $74,300, the midpoint of this year’s consolidation range, with room to extend toward $84,000. If Democrats reject the DOJ provision as toothless, or the Federal Reserve delivers a hawkish hold at its late-July meeting, the bear case opens a retest of $58,000 with a deeper slide toward $51,000 on the table.
Two forces sit underneath either outcome. A proposed 10-day ceasefire reviving the US-Iran interim deal has pulled oil prices lower, easing inflation pressure and adding to risk appetite, while Russia’s push to legalize crypto for cross-border trade settlement is adding pressure on Washington to finish its own framework before lawmakers leave for August recess. Working against the rally, the Coinbase Premium Index, which tracks US institutional demand against retail, remains negative at -0.062, and roughly $2.3 billion in stablecoin liquidity has left Binance and Bybit over the past month, leaving less capital sitting on exchanges ready to absorb a sudden swing in either direction. Thune’s calendar, not the vote count itself, is what traders will be refreshing first.
Standard Chartered vidí XRP na 28 USD do roku 2030, ale vše nad zhruba 3 USD podmiňuje schválením CLARITY Act v Senátu. Pravděpodobnost schválení je nyní kolem 32 %.
Standard Chartered’s roadmap has XRP at $28 by 2030. Read the fine print and every dollar above $3 depends on one bill passing a Senate that has sat on it for a year. The most institutional price target in crypto is a bet on Congress, trading at one-in-three odds.
Summary
Standard Chartered’s Geoffrey Kendrick cut his 2026 XRP target 65% in February, from $8 to $2.80, the deepest cut across the bank’s crypto coverage, while raising his long-range ladder to $7 in 2027, $12.60 in 2028, and $28 by 2030. The conditions are explicit: the near-term target needs only a macro recovery, but the 2027 and 2028 legs require the CLARITY Act to pass and spot ETF inflows to scale past $4 billion. The $28 endpoint assumes XRP becomes core financial infrastructure at a market cap near Bitcoin’s 2025 peak. Both conditions are currently failing. CLARITY has gone a year without a Senate floor vote, its text keeps slipping, and prediction markets price 2026 passage near one in three. ETF inflows have collapsed from $200 million a week to roughly $2 million. The honest math is stark: Bitwise’s formal valuation model spans $29.32 to 13 cents for 2030, a 200-fold range driven by the same binary assumptions, and analyst consensus clusters at $5 to $10 only “if CLARITY clears.” XRP trades near $1.10. Every institutional target above roughly $3 is, mechanically, a legislative forecast wearing a price target’s clothes, and holders pricing the roadmap without pricing the Senate are reading half the document. Price targets are supposed to be about assets. The most cited institutional forecast in XRP is, on inspection, about a legislature. Standard Chartered’s Geoffrey Kendrick, the closest thing crypto has to a house analyst on Wall Street, maintains a roadmap that carries XRP from roughly $1.10 today to $28 by 2030, and he has been unusually honest about the machinery underneath it: the near-term number needs nothing but a market recovery, while every rung above it requires the bill the roadmap depends on to become law and ETF money to arrive in billions. Those are not market variables. One is a bill that has spent a full year without a Senate floor vote, whose text has slipped repeatedly, and which prediction markets price near one-in-three for 2026; the other is a flow that has decayed from $200 million a week at launch to roughly $2 million now. The roadmap is rigorous, transparent, and conditional to its core, and the market that quotes its endpoints has mostly declined to read its conditions. This piece reads them, prices them, and asks what an XRP holder actually owns: an asset with an institutional bull case, or a leveraged position on the United States Congress.
The roadmap, with its fine print restored Kendrick’s forecast deserves to be laid out properly, because its evolution is more informative than any single number in it.
The original ladder, published in April 2025 while Ripple was still litigating with the SEC, projected $5.50 by the end of 2025, $8 by the end of 2026, and $12.50 by 2028, resting on three named catalysts: resolution of the SEC case, spot ETF inflows of $4 billion to $8 billion, and growing payments use. What happened next is the interesting part: the catalysts substantially arrived, the SEC dropped its appeal, spot XRP ETFs launched in November and pulled in over a billion dollars faster than any product since Ethereum’s, Ripple spent roughly $2.7 billion assembling a prime brokerage and treasury stack, and the price went to $1.16 anyway, its lowest in fifteen months, dragged by a market-wide selloff Kendrick described as capitulation-prone. His February response was the deepest cut in the bank’s crypto book, the 2026 target from $8 to $2.80, alongside reductions for Bitcoin, Ethereum, and Solana.
And then the detail most coverage skipped: he raised the far end. The revised ladder runs $2.80 this year, $7 in 2027, $12.60 in 2028, $19.60 in 2029, $28 in 2030, with the long-range numbers lifted even as the near ones fell. The conditions attached are explicit in the bank’s work and in every serious reading of it. The $2.80 leg requires only macro repair, lower rates, risk appetite, a crypto market that stops falling. The $7 and $12.60 legs require the CLARITY Act to pass and cumulative ETF inflows to scale beyond $4 billion. The $28 endpoint requires XRP to stop being a traded asset and become, in the bank’s own blunt framing, core global financial infrastructure, at a market capitalization near $1.7 trillion, which is approximately what all of Bitcoin was worth at its October 2025 peak. The roadmap is not a prediction that compounds; it is a staircase where each step has a named gatekeeper, and from the second step up, the gatekeeper is the federal government.
The conditions, marked to market Take the two named conditions and price them with current data, because that exercise is the entire article.
Condition one: CLARITY becomes law. The bill’s year has been a study in almost. It cleared the Senate Banking Committee in May on a bipartisan 15-9 vote, which was real progress and is also the last floor-adjacent event it has produced. The revised text has slipped repeatedly, most recently after a White House meeting failed to break the deadlock, with the merged draft’s ethics provisions, the Trump family’s crypto holdings, and Democratic co-sponsorship all unresolved; not one Democrat currently backs the draft in circulation, and the August recess eats the calendar from the other end. Prediction markets, which watched the same year happen, price 2026 passage around 32%, down from near 50% in the spring. Senator Lummis has warned publicly that missing this window could shelve the bill for years. None of this makes passage impossible, majorities want a market-structure law in the abstract, but a one-in-three market probability is what the condition is currently worth, and the roadmap’s $7-and-above rungs inherit that discount factor whole.
Condition two: ETF inflows past $4 billion. For readers needing the base mechanics, crypto.news has explained how the flow condition is measured. The products launched spectacularly, $667 million in the first month, a billion dollars faster than any recent debut, an eight-week inflow streak that ran even as Bitcoin funds bled. Then the decay set in, and the current run-rate is the condition’s obituary: weekly flows that touched $200 million now measure around $2 million, July has printed zero-inflow days and the first outflows, cumulative inflows sit near $1.49 billion, barely a third of the condition’s threshold, and the assets that did arrive are roughly $493 million underwater against a $1.10 token. The internals are thinner than the totals: some 82% of complex assets sit in three funds, and a category-level inflow day increasingly means two issuers’ sales desks had a decent Thursday while five products recorded nothing. Analysts modeling the flows tie their recovery to, of all things, condition one, arguing institutional allocation resumes when legal status is permanent, which means the two conditions are not independent. They are one condition wearing two hats, and the hat that matters sits in the Senate.
The case for the conditional bull The strongest honest version of the roadmap’s defense is worth stating fully, because Kendrick is not naive and the structure of his call has real merit.
Conditional targets are what rigorous analysis looks like. A forecast that names its dependencies, CLARITY, $4 billion of flows, infrastructure adoption, is falsifiable and updatable in a way that round-number moonmath never is, and Kendrick’s willingness to cut his own headline number 65% in public is the behavior of an analyst marking to reality instead of defending a franchise. Note also what he did at the long end: raised it, on the argument that the fundamental build-out, the acquisitions, the licenses, the ETF wrapper existing at all, improved XRP’s decade even as its year collapsed. That is a coherent position, not a hedge.
The legislative bet itself is less speculative than a one-in-three market price makes it sound, on this view. Market-structure legislation has bipartisan support in principle, an industry spending historic sums to get it, a White House demanding it, and a predecessor, GENIUS, that proved the votes exist when text and politics align. Bills look dead until the week they pass; prediction markets priced GENIUS pessimistically inside its own final month. If CLARITY or any successor framework lands in 2027 instead of 2026, the roadmap’s ladder shifts a year without breaking, and an asset priced at $1.10 against a $7 conditional target offers the kind of asymmetry institutional allocators are paid to notice. The Bitwise model’s bull leg reaching $29.32 says a formal valuation framework, not just a bank’s conviction, can generate these numbers when the assumptions fire.
And beneath both conditions sits the quiet third catalyst the roadmap only gestures at: the institutional stack behind the thesis, the trust-bank charter awaiting final approval, the pending Fed master account that would be a first for a crypto-native firm, the prime brokerage clearing trillions. If that stack converts into settled volume that actually requires the token, the fee-and-utility floor under the price rises regardless of Washington’s calendar. The bulls’ summary is fair: the conditions are named, the discount is priced, and the asymmetry is the product.
LATEST: Ripple accelerates its evolution with deep liquidity, growing $XRP reserves, native stablecoin, Hidden Road integration, banking access, and institutional settlement engine pic.twitter.com/CoXOfAYveE
— crypto.news (@cryptodotnews) April 19, 2026 The case that a conditional target is not a target The skeptical reading does not dispute Kendrick’s numbers. It disputes what kind of object they are.
A price target whose upper rungs require an act of Congress is a legislative forecast, and banks are not better at those than prediction markets are. The one-in-three CLARITY price is not an inefficiency waiting to be arbitraged by people who read committee schedules; it is the aggregated judgment of a market that has watched this specific bill slip for a year, and the roadmap’s expected value collapses once the conditions are weighted honestly. Multiply the ladder out: $7 in 2027 at a one-in-three legislative probability, further discounted by an ETF condition running at a third of its threshold with decaying flows, prices the conditional rungs somewhere far below the headline, which is, notably, roughly where the market actually trades the token. On this reading, XRP at $1.10 is not ignoring the institutional bull case. It is pricing it correctly, conditions included, and the gap between spot and roadmap measures the conditions’ improbability rather than the market’s ignorance.
The Bitwise spread makes the point mathematically. A formal model that outputs $29.32 in its bull state and 13 cents in its bear state for the same asset in the same year is not describing a range of outcomes for a business; it is describing a binary event with a token attached. Two hundred-fold spreads do not appear in the valuation of assets whose futures are continuous; they appear when everything depends on a switch, and the switch here, the regulatory ground under the target plus the institutional adoption it gates, sits outside the asset entirely. Holders own exposure to the switch without any influence over it, which is a structurally different proposition from owning a claim on a growing system, and it deserves a different name than price target.
History supplies the uncomfortable base rate. XRP’s community has already lived one complete cycle of this structure: years of arguing the SEC case was the only thing suppressing the price, followed by the case resolving, the ETFs launching, the acquisitions closing, and the token underperforming the entire asset class anyway, down more than 60% from its 2025 high while its catalysts fired one by one. The lesson the tape taught, that clearing the named obstacle does not deliver the promised repricing, is precisely the risk the new roadmap reproduces at a higher level of government. And the flows condition has already offered its preview: the ETFs arrived, the inflows came, the price fell through all eight weeks of the streak, and the buyers stopped. A thesis that failed its own dress rehearsal does not become sturdier by moving the decisive scene to the Senate floor.
The roadmap’s quiet third catalyst deserves fuller treatment before the verdict, because it is the one input whose calendar Washington does not control alone. Ripple’s institutional stack has kept compounding straight through the price collapse: the national trust bank charter, conditionally approved in December, awaits final OCC sign-off, with only one crypto-native firm ever having completed that journey; the Federal Reserve master account application, which would give a crypto company direct access to the central bank’s payment rails for the first time, sits in a queue the Fed has formally paused for new Tier 3 decisions until the end of 2026, with Kraken’s five-year path to approval as the only precedent; and the prime brokerage assembled from the Hidden Road acquisition now clears institutional volume at a scale no other crypto firm matches. Analysts modeling the master-account scenario describe it as the catalyst no price target has fully priced, the event that would move XRP’s story from regulatory permission to infrastructure incumbency. The honest caveat is that this catalyst shares the others’ defect at one remove: charters and master accounts are also government decisions, made by regulators instead of legislators, on calendars measured in years. The stack is real, its compounding is observable, and its conversion into token demand remains the same unproven step the whole thesis keeps deferring. It widens the bull case’s foundations without shortening its timeline, which is precisely why the bank parked it under the 2029 and 2030 rungs, not the near ones.
The comparison set inside the ETF complex sharpens the flow condition further, because the aggregate numbers hide a structure that matters for whether $4 billion is even reachable. Seven US spot XRP products launched within weeks of each other, and the field has already stratified beyond recovery: Bitwise, Canary, and Franklin hold roughly 82% of complex assets, the remaining funds regularly print zero-flow days, and the best single day of July, under $7 million, came almost entirely from two issuers’ distribution. That concentration converts the headline condition into a narrower question than the roadmap implies. Getting from $1.49 billion to $4 billion does not require a market-wide change of heart about XRP; it requires two or three sales organizations to find another two and a half billion dollars of allocator demand for a product their clients currently hold at a half-billion-dollar unrealized loss. Fund flows follow performance with a lag in both directions, which is how the launch streak ran eight weeks into a falling price and why the decay since has been so complete. The precedent that haunts the setup is the launch itself: XRP reached its first billion of ETF inflows faster than any asset since Ethereum, an achievement the roadmap’s original version treated as the catalyst arriving, and the price fell throughout. A condition that was substantially met once, at maximum velocity, without producing the predicted repricing, now needs to be met again, from a lower base, against worse performance, before the next rung unlocks. That is the version of the flow condition an allocator actually faces, and it is meaningfully harder than the single cumulative number in the bank’s fine print suggests.
What a holder actually owns Strip the argument to its usable core and the position clarifies.
Below roughly $3, XRP’s institutional targets are macro calls, and the asset trades like the rest of the risk complex, with the same Fed, the same liquidity, the same beta. In that band, the roadmap says little that Bitcoin’s chart does not. Above roughly $3, every institutional number in circulation, Kendrick’s $7 and $12.60 and $28, the consensus $5-to-$10 cluster, Bitwise’s bull leg, is conditioned on the same two-headed event: American market-structure law passing and the institutional allocation it is assumed to unlock. A holder at $1.10 therefore owns three stacked exposures, a crypto-market beta, a Washington binary priced near one-in-three, and a residual bet that legal clarity converts into token demand, the step the SEC-resolution cycle already failed to deliver once.
None of that makes the position irrational; binaries with asymmetric payoffs are a legitimate thing to own, and the roadmap’s transparency about its conditions is exactly what makes the position priceable at all. What it makes irrational is quoting the ladder without its gates, and the gates have a calendar. The floor-vote window before the August recess, the fall session after it, and the 2027 political cycle beyond are, mechanically, the price target’s actual chart. Watch Polymarket’s CLARITY line before watching XRP’s, watch the weekly ETF prints for any sign the $4 billion condition resurrects, and watch whether the text that keeps slipping ever stops slipping. The bank told everyone precisely what has to happen. The market is telling everyone precisely how likely it thinks that is. The only mistake available to a holder is reading one document and not the other. Crypto.news has also explained why reading institutional positioning honestly means treating delayed disclosures and flow headlines as conditions, not proof.
Frequently asked questions What is Standard Chartered’s current XRP forecast? The bank’s revised roadmap, published with its February cuts, projects $2.80 for end-2026, $7 in 2027, $12.60 in 2028, $19.60 in 2029, and $28 by 2030. The 2026 target was cut 65% from $8, the largest reduction across the bank’s crypto coverage, while the longer-range targets were raised. At $28, XRP’s market capitalization would reach roughly $1.7 trillion, near Bitcoin’s October 2025 peak value.
What conditions does the roadmap depend on? Explicitly stated ones. The $2.80 leg requires only a broad crypto-market recovery. The $7 and $12.60 legs require the CLARITY Act to pass and cumulative spot ETF inflows to scale past $4 billion. The $28 endpoint assumes XRP becomes core global financial infrastructure rather than a traded asset. The bank’s original 2025 roadmap carried similar named catalysts: SEC case resolution, ETF inflows, and payments adoption.
How likely is the CLARITY Act to pass? Prediction markets currently price 2026 passage around 32%, down from near 50% in spring. The bill cleared the Senate Banking Committee 15-9 in May but has gone a year without a floor vote, its revised text has slipped repeatedly including after a failed White House meeting, no Democrat backs the current draft, and the August recess shortens the calendar. Senator Lummis has warned a missed window could shelve it for years.
How are the ETF inflows tracking against the $4 billion condition? Poorly. Cumulative net inflows sit near $1.49 billion since the November launch, roughly a third of the threshold, and the run-rate has collapsed from about $200 million a week at launch to around $2 million, with July printing zero-inflow days and the streak’s first outflows. Assets are roughly $493 million underwater at current prices, and about 82% of the complex sits in just three funds.
Why did XRP fall even as its earlier catalysts arrived? That is the cycle’s hardest lesson. The SEC dropped its appeal, spot ETFs launched with record early demand, and Ripple deployed roughly $2.7 billion on institutional acquisitions, yet the token fell more than 60% from its 2025 high with the broader market. Analysts attribute the gap to macro conditions, persistent early-holder selling, and the structural fact that network adoption does not automatically create token demand.
What does the Bitwise model’s range mean? Bitwise’s formal valuation framework outputs 2030 scenarios from $29.32 down to 13 cents, a roughly 200-fold spread. Ranges that wide indicate a binary structure: the outcomes depend overwhelmingly on whether legal clarity and institutional adoption fire, not on incremental business performance. It is the same conditionality as the bank roadmap, expressed as a probability distribution rather than a ladder.
Is a conditional price target still useful? Yes, if read whole. Named conditions make a forecast falsifiable and updatable, and Kendrick’s public 65% cut shows marking to reality. The danger is quoting the ladder without its gates: above roughly $3, every institutional XRP target in circulation depends on the same legislative and flow conditions, so the honest way to use the roadmap is to track the conditions, Polymarket’s CLARITY odds and weekly ETF prints, alongside the price.
What should XRP holders watch next? Three calendars. The Senate floor window before the August recess and the fall session, since the legislative condition dominates everything above $3. The weekly ETF flow prints, for any sign the $4 billion condition revives, including whether inflows broaden beyond the three dominant funds. And Ripple’s institutional stack, final trust-bank approval and the pending Fed master account, which is the roadmap’s quiet third catalyst. This is not investment advice.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. It discusses analyst forecasts and legislative probabilities that can change quickly and may prove wrong in either direction. Nothing here is a recommendation to buy, sell, or hold any asset. Always do your own research. Information is accurate as of July 21, 2026.
The XRP ecosystem continues to develop despite broader macroeconomic uncertainty.
Asheesh Birla, CEO of XRP treasury company Evernorth, highlighted three recent milestones involving AI payments, institutional education, and decentralized lending.
Birla said while markets remain focused on possible U.S. Federal Reserve rate decisions, activity within the XRP ecosystem has continued to grow without relying on macroeconomic catalysts.
AI Agents Complete One Million XRPL Payments Birla said AI agents processed about one million payments on the XRP Ledger (XRPL) in roughly one month. He cited on-chain data from AI payments platform t54ai.
According to Birla, the milestone shows software autonomously paying other software through XRPL. Transactions settle in seconds and cost only fractions of a cent.
He added that this level of activity was not present earlier this year, suggesting growing demand for AI-powered micropayments on the network.
DTCC References XRP in Educational Materials Birla also highlighted that the Depository Trust & Clearing Corporation (DTCC) added XRP to its educational Learning Center. The asset is referenced in materials explaining how crypto collateral haircuts work.
He clarified that this does not mean DTCC has decided to accept XRP as collateral. Instead, he said the educational content includes XRP as part of broader discussions about digital asset collateral management and risk assessment.
XRP Lending Proposal Enters Testing Birla’s third update focused on the XRP Ledger’s on-chain lending proposal, XLS-66, which has entered the testing phase.
RippleX recently confirmed that testing is now underway. The milestone marks another step toward expanding decentralized finance (DeFi) functionality on XRPL. Birla said tracking protocol development offers more insight than focusing on short-term price movements.
Ripple Expands Institutional Strategy With XRP Ledger and RLUSD Meanwhile, Ripple is strengthening its institutional blockchain strategy through partnerships with Mastercard, JPMorgan, Ondo Finance, and OKX.
In a Grayscale interview, Ripple SVP Jack McDonald said the company is building institutional-grade infrastructure, with trades from its collaborations with Mastercard, JPMorgan, and Ondo Finance set to settle on the XRP Ledger (XRPL).
McDonald also highlighted OKX’s expanded support for Ripple USD (RLUSD), allowing the stablecoin to be used for spot trading, derivatives, and collateral.
RLUSD, launched about 18 months ago, has grown to a market cap of around $1.6 billion. McDonald said Ripple’s priority is now shifting from exchange listings and growth to expanding RLUSD’s real-world institutional utility while continuing to use XRPL as its settlement layer.
Ecosystem Development Continues Summing up the recent progress, Birla said advances in AI payments, institutional education, and on-chain lending show that XRP ecosystem builders are continuing to expand the network despite market uncertainty.
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.
Na XRP Ledger už běží v3.2.0 u 66 % důvěryhodných validátorů, ale k aktivaci amendmentu je stále potřeba přes 80 %. FixCleanup3_2_0 už má podporu 85,71 %.
Ripple-backed XRP Ledger’s newest software update is starting to roll out as The number of validators upgrading to v3.2.0 is increasing. According to the recent XRPL Explorer data, 66% of the trusted validators are running the release. The migration progresses while the network is getting ready for the amendment, called fixCleanup3_2_0.
XRP Ledger v3.2.0 Sees Increasing Validator Support As per the upgrade tracker, there are now 99 validators running v3.2.0. This is 66% of the validator set. It also reveals 481 nodes (57.33%) are running the latest version. However, there is still significant use of older software. Version 3.1.3 is still on 42 validators, representing 28% of the total. It also has 322 nodes that are powered, representing 38.38% of all 825 nodes.
The XRP Ledger has a very critical amendment process. They must be supported by over 80% of the trusted validators. That support should not change during 2 consecutive weeks. The new statistics indicate the network is still short of that. To reach the threshold, another 25 percentage points of additional adoption are needed for v3.2.0.
XRP Ledger version 3.2.0 includes a number of technical enhancements as it covers infrastructure improvements. It is also packed with fixes and developer enhancements. There is one major change via XLS-0095.
The proposal officially changes the name of the server software from rippled to xrpld. The rollout started on June 15. The configuration paths need to be updated for validators and node operators. They also need to update deployment scripts, metadata references, and database directories.
About The Fix Amendment The fixCleanup3_2_0 amendment has already passed the necessary voting level. Currently, it has 85.71% validator support. For this, 30 validators cast their votes in favor while six validators voted against.
The proposed plan is now in the required two-week activation process. The activation period will be July 29, 2026, at 09:57 UTC. It will continue as long as support remains above 80% for the entire countdown.
The node operators are advised to upgrade their nodes before activation as per XRPL validator Vet. The mod is an enhancement to the existing features, rather than new additions. Resolves some accuracy and rounding problems in Single Asset Vaults and Lending Protocol. It also fixes problems related to the Permissioned DEX and Permissioned Domains.
Velrybí depozity XRP na Binance spadly na 25,3 milionu tokenů denně a 30denní příliv klesl na přibližně 947,4 milionu XRP, což je nejnižší hodnota za poslední dva měsíce. XRP se mezitím vrátil nad 1,13 USD.
XRP climbed back above the $1.13 level after a sharp reduction in token deposits from large holders, known as whales, to Binance. Data from on-chain analytics provider CryptoQuant pointed to a significant slowdown in major XRP transfers to the leading exchange, coinciding with the token’s latest price recovery.
Sharp drop in whale transaction volumesCryptoQuant reported that daily XRP whale deposits to Binance decreased to 25.3 million tokens, valued at approximately $23 million. This marks a steep decline from previous levels, which reached 583 million XRP, or around $1.36 billion based on prevailing prices. The change suggests whales are less actively preparing their XRP for immediate trading or potential sales on the platform.
The 90-day average for whale inflow value also fell, dropping from nearly $460 million earlier in the year to $69 million more recently. This trend indicates a marked reduction in large transfers and a decline in the supply of XRP available for trading on Binance.
While inflows to exchanges typically rise when significant holders plan to sell or trade substantial amounts, a decrease does not necessarily prove that large-scale selling has ended across the market. Instead, it reflects a period of less activity from major XRP holders engaged with Binance.
Recent CryptoQuant data highlights that daily XRP whale inflows to Binance plummeted from 583 million tokens to just 25.3 million, indicating a major reduction in exchange-bound volume during the token’s price rebound.
Thirty-day inflows reach lowest point in two monthsAccording to research from Arab Chain, Binance’s 30-day cumulative whale inflows fell to approximately 947.4 million XRP, marking the lowest total in the past two months. This comes after a previous peak of 1.445 billion tokens at the end of June, representing a decrease of 34.4% within one month.
Such a reduction suggests that XRP whales not only limit their exchange transfers but may also prefer to hold tokens in private wallets or transact through other platforms. Analysts at Arab Chain noted that sustained drops in whale deposits might point to a more cautious approach to trading or diminished intentions to sell at scale.
However, Arab Chain emphasized that relying on a single metric can be misleading and urged balanced analysis using additional indicators, such as price trends, trading volume, derivatives, and broader exchange flows.
PeriodWhale Inflows to BinancePrevious Peak/ChangeDaily25.3 million XRP583 million XRP (recent peak)30-day947.4 million XRP1.445 billion XRP (late June, -34.4%)90-day avg. (value)$69 million$460 million (earlier in 2024)Mini dictionary: Arab Chain is a digital asset analytics firm that tracks and interprets on-chain activity across major blockchains, offering insight into whale movements, trading patterns, and network health.
Impact on market supply and priceWith fewer large deposits arriving at Binance, XRP’s exchange supply from major holders has diminished. This tightening of immediately available tokens can affect market liquidity and help stabilize the price when overall demand recovers.
During this period, XRP’s market price reclaimed $1.13, moving back into positive territory. Some analysts cite the reduction in whale inflows as a contributor to this momentum, noting that limited exchange supply might slow down further sell pressure.
Despite the decline in large-block deposits, smaller transactions and pre-existing exchange balances can still impact available supply and price dynamics in liquid markets. XRP whales currently represent one important part of the token’s overall liquidity structure, but not the only one.
XRP has maintained a level above $1.13 as exchange supply from major holders continues to shrink, reflecting a significant slowdown in whale deposits to Binance.
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.
XRP sleduje blížící se jednání o zákonu CLARITY Act, který by mohl přesunout jeho dohled pod CFTC a uzavřít spor s SEC. Senát míří k projednání do 23. července.
Washington has been arguing about who gets to regulate crypto for years. By July 23, XRP holders may finally get an answer, at least on paper.
The CLARITY Act, which would formally define which digital assets fall under the SEC’s jurisdiction and which belong to the CFTC, is approaching what traders and lobbyists are treating as a soft deadline. Senate leadership has signaled a late-July target for floor action, and markets are pricing in a real probability of passage.
What the CLARITY Act actually does The CLARITY Act tries to write the rule book. It would establish a framework for classifying digital assets, draw a cleaner line between SEC and CFTC oversight, and give projects a pathway to shift from securities status to commodity status once a network becomes sufficiently decentralized.
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The bill cleared the House and advanced through the Senate Banking Committee as of May 14, 2026. Passage requires 60 votes, which means the bill needs bipartisan support to survive a filibuster. Two sticking points are holding things up: provisions around ethics disclosures for public officials holding digital assets, and language related to illicit finance and anti-money laundering obligations.
Why XRP specifically is watching this so closely The SEC sued Ripple Labs in late 2020, alleging that XRP was an unregistered security. A federal judge ruled in 2023 that XRP sold on public exchanges did not constitute securities transactions. The CLARITY Act, if passed, could effectively close that file by reclassifying XRP as a digital commodity under CFTC oversight.
Commodity-classified assets face a different, and generally less burdensome, regulatory regime than securities. Exchanges can list them without the same disclosure infrastructure. Fund managers can build ETF products around them more easily. XRP-linked ETF applications are already in motion at the SEC.
What investors should watch between now and the deadline The July 23 window isn’t a formal legislative deadline. What it reflects is the Senate’s stated intent to address the crypto market structure bill before the August recess. Missing the window doesn’t kill the bill, but it extends the uncertainty. August recess means September at the earliest for floor action, and fall legislative calendars fill up fast with budget fights and appropriations deadlines.
The 2023 court ruling sent XRP up significantly in a single session. A Senate vote, whether yes or no, will likely produce a similar response.
The CLARITY Act isn’t XRP-specific legislation. A successful passage would establish a framework that applies across hundreds of digital assets. Ethereum, Solana, and a long list of layer-2 and DeFi tokens all sit in the same jurisdictional gray zone that the bill is trying to resolve.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
