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A major XRP breakout may be approaching after a difficult first half of the year, during which the token lost 27.1% in Q1 and another 22.4% in the second. Technical charts and seasonal data have now produced a rare alignment for the breakout to happen.
On the daily TradingView chart, XRP is trapped inside a descending broadening wedge, a pattern considered a classic late-stage accumulation formation. The exhaustion of selling pressure is also confirmed by the RSI indicator, which has formed a bullish divergence, while buyers continue to defend the local bottom at $1.05.
Historical data from CryptoRank confirms that Q3 has traditionally been the most stable period of the year for XRP. Over the past seven years, Q3 has not closed in negative territory once.
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XRP price action of a daily chart, Source: TradingView You Might Also Like
July's current return remains a modest 4.19%, but historical cycles show that the token regularly uses the middle of summer to recover from sharp June declines. XRP fell 22.1% in June 2026. In July 2023, following an early-summer decline, the token delivered a 47.6% rally, while a similar reversal in July 2025 generated a 35% return for investors.
Given the median Q3 return of 25.8%, the price spring compressed over the past six months has accumulated significant mathematical upside potential.
XRP road to $1.60: What could stall the reversal ahead of Q4XRP is currently trading near $1.08 and, to confirm a breakout from the wedge and trigger a new growth wave, buyers must break through and secure the price above the $1.12–$1.18 resistance zone.
A successful breakout above this wall would open the way toward medium-term targets in the $1.45–$1.60 range, representing projected upside of roughly 50%.
An immediate move higher could be limited by broader market stagnation and a temporary slowdown in inflows into US spot XRP ETFs. Nevertheless, the current consolidation inside the wedge is creating a strong base ahead of Q4, when XRP's average historical return reaches a record 133.3%.
Tom Lee, Chairman of Bitmine Immersion Technologies (the world’s largest corporate holder of Ethereum), is strongly pushing an “ETH 2.0 thesis.” In it, he says Ethereum (ETH) is at an inflection point similar to Amazon before AWS or Nvidia before the AI boom.
Ethereum enters “ETH 2.0 era” amid Wall Street and AI adoptionIn a recent commentary titled “ETH is the Cure for the Uncanny Valley of Wealth,” Lee argued that at present ETH is “grossly undervalued” because retailers are “rage-quitting at the bottom.” At press time, ETH was trading at $1,844, down 46.97% in the past year and 63% below its August 2025 all-time high of $4,953.
Source: CoinMarketCap
Nonetheless, multi-billion-dollar companies’ tokenized products such as BlackRock’s BUIDL and JPMorgan’s MONY are proof that institutions are building on Ethereum’s long-term future.
Even more, large firms such as Bitmine are running the network as validators even after the Ethereum Foundation scaled back its footprint to just 0.1% of ETH’s circulating supply.
He further supports Ethereum’s bullish case by noting that its security and immutability position it at the forefront of agentic use in artificial intelligence (AI). He further projects that Ether will evolve from a speculative coin into a payment rail for automated computational power.
ETH price targetsIn the short term, Lee predicts ETH could hit $2,200 by August this year. In the long term, the project targets $12,000 if Bitcoin hits $250,000. This would be driven by a rotation of capital from Bitcoin and an improvement in the current 0.029 ETH/BTC exchange ratio.
He adds that ETH could further rise to $65,000 should it dominate as a global payments network and settlement layer for tokenized real-world assets (RWAs). Further out, he sets a $5 trillion market cap, implying a $250,000 multi-year target.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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On its chart, XRP has reached a crucial point where the next move could decide whether the asset eventually stabilizes or continues its wider downtrend. XRP is trying to establish a base close to the $1.08 area following months of intense selling pressure, but the technical picture is still unstable.
XRP's stabilization is on the lineXRP is trapped inside a narrowing wedge pattern on the daily chart. Squeezed between rising support and falling resistance, the price is currently trading around $1.08. For traders, the upcoming sessions are particularly crucial because these formations usually precede a larger directional move. Bulls should take heart from the fact that XRP is no longer setting aggressive new lows.
Buyers have consistently defended the $1.00–$1.05 zone since the severe sell-off in June. The emergence of higher lows indicates that market demand is progressively rebounding. Resistance is still quite strong, though. XRP is still trading below its exponential moving averages for the next 20, 50, and 100 days, which are around $1.10, $1.14, and $1.25, respectively.
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XRP/USDT Chart by TradingViewThe 200-day EMA, which stands at $1.45 above those levels, is the final barrier separating XRP from a true long-term recovery. Additionally, volume has stayed comparatively low during the consolidation phase. Although buyers have not yet demonstrated enough conviction to force a breakout, sellers are no longer controlling the market as they did earlier in the year.
This lack of involvement frequently leads to unstable conditions where a small amount of selling pressure can cause another decline. The momentum is neutral to bearish, as indicated by the Relative Strength Index, which is currently close to 44. Although the indicator has moved out of oversold territory, it is still below the crucial 50 level, which is frequently associated with more robust bullish trends.
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The immediate support area for XRP is still around $1.05. A break below that level could lead to a retest of the psychological $1.00 area and invalidate the recent series of higher lows. The asset's developing structure would be seriously harmed by losing that support. On the upside, a move through $1.10 and a breakout above the declining trendline would be the first indication that bulls are taking back control.
Thus, the stability of XRP's price is at stake. Although the asset is no longer in free fall, it has not yet demonstrated that a long-term recovery is in progress. The direction of XRP for the rest of the summer may be determined by the next breakout from this narrowing range.
Shiba Inu's turning pointShiba Inu is exhibiting the first indications that a possible bottoming process might be under way following months of unrelenting selling pressure. Although a complete trend reversal cannot yet be declared, the most recent chart structure indicates that SHIB may be nearing a significant turning point.
SHIB has been consolidating just above its recent lows for the past few weeks, and it is currently trading close to $0.00000412. In contrast to earlier sell-offs, the token is still in a wider downtrend, but it is no longer making sharp new lows. That shift alone merits consideration.
SHIB/USDT Chart by TradingViewThe behavior of momentum is the most significant finding. With a Relative Strength Index close to 34, SHIB is in the vicinity of oversold territory. Long stretches below 40 have historically been linked to seller fatigue. Oversold conditions often precede stabilization phases, but they do not guarantee a reversal.
There is also a slight improvement in price action. Instead of the steep waterfall declines observed earlier in the year, SHIB has experienced a series of comparatively shallow pullbacks since the steep decline in June. Volatility has significantly decreased, which frequently occurs in the vicinity of significant bottoms as both buyers and sellers lose conviction. The technical picture, however, is still far from optimistic.
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All of the major moving averages are still above SHIB. The 50-day EMA is close to $0.00000446, the 20-day EMA is close to $0.00000437, the 100-day EMA is close to $0.00000516, and the 200-day EMA is close to $0.00000620. Before any significant recovery can be verified, buyers would need to climb this significant resistance ladder. Volume is another concern.
The buying volume has not increased sufficiently to indicate aggressive accumulation, even though selling pressure has decreased. There is currently no discernible increase in demand, which is typically present during true market bottoms.
The most important level to keep an eye on is the current floor at $0.00000400. There is still a chance that a long-term base will form as long as SHIB stays above that region. Much of the stabilization narrative would be refuted by a clear break below it, leaving the token vulnerable to further declines.
Ethereum's mini-signalA mini-golden cross is starting to form on the daily chart, indicating one of Ethereum's most positive technical developments in months. The signal shows increasing momentum and may be an early sign that the market is moving away from the extreme bearish conditions that dominated the first half of the year, even though it is not as significant as a typical 50-day/200-day crossover.
More significantly, what many traders call a 'mini-golden cross' was created when the 20-day exponential moving average crossed above the 50-day EMA. This crossover, which indicates that short-term momentum is starting to outperform medium-term price action, frequently occurs in the early phases of more significant trend reversals. In contrast to earlier attempts at recovery, Ethereum has also succeeded in rising above both moving averages. Right now, the 50-day EMA is around $1,740, and the 20-day EMA is close to $1,776.
ETH/USDT Chart by TradingViewCollectively, they create a zone of support that buyers have successfully maintained throughout July. Bulls are still in danger, though. Ethereum has entered one of the chart's most significant resistance zones as a direct result of the recent surge. The 200-day EMA is still significantly higher at $2,210, while the 100-day EMA is close to $1,940. Sellers are still active whenever Ethereum approaches significant resistance, as evidenced by the most recent rejection from the $1,900–$1,950 range.
The volume offers some motivation. Increased participation has coincided with the recovery from June's capitulation low, indicating that real buying demand rather than just short-covering is driving the move. With the Relative Strength Index rising to roughly 55, momentum is firmly in the neutral-to-bullish range.
Ethereum still has room to grow before overheating, in contrast to earlier rallies that swiftly became overextended. Currently, $1,940 is the crucial level to keep an eye on. The bullish case would be greatly strengthened by a breakout above the 100-day EMA, which might pave the way for the psychologically significant $2,000 mark. Additionally, this move would bring the 200-day EMA into focus for the first time in months.
Ethereum price today: $1,830US sentiment toward Ethereum remains in negative territory despite declines in ETH exchange reserves and ETF inflows.Ethereum’s increasing transaction counts and staking inflows are driven by a few players rather than broad market participation.ETH eyes a bounce off the 50-day EMA and $1,806 horizontal level.Ethereum's (ETH) outperformance over the past week shows it's gaining relative strength against other top cryptocurrencies, but under the surface, key metrics indicate its rise remains fragile.
Between last week and Wednesday, ETH recorded double-digit gains, outperforming fellow crypto majors Bitcoin (BTC), XRP, and Solana (SOL), before the broader market began to correct on Thursday.
Since July 5, Ethereum Exchange Reserves have fallen by 253K ETH, indicating more investors are moving coins to self-custody wallets and reducing available sell-side supply.
ETH Exchange Reserves. Source: CryptoQuantSimilarly, US spot ETH exchange-traded funds (ETFs) are on track to end the week positively after $68 million in net inflows between Monday and Thursday, according to SoSoValue data.
However, the Coinbase Premium Index, which measures US sentiment, remains in negative territory despite seeing a slight recovery earlier in the week. The metric has to recover to positive levels and remain there to sustain ETH’s price growth.
ETH Coinbase Premium Index. Source: CryptoQuantMeanwhile, network activity shows a mixed outlook. The 14-day moving average of transaction counts has soared to a new high of 2.65 million, breaking its May record.
Ethereum Transaction Counts. Source: CryptoQuantHowever, active addresses have continued to decline, with their 14-day SMA falling to 397K, their lowest level since December. The divergence indicates that fewer wallets are interacting with the network, but are executing transactions at a higher frequency. Historically, booms in transaction counts without broad network participation are difficult to sustain price growth.
Ethereum Active Addresses. Source: CryptoQuantMeanwhile, the total value of staked ETH continues to soar, reaching a new record high of 40.93 million ETH, up 4.94 million ETH since the beginning of the year. On the surface, the sustained growth in staking inflows reflects confidence in the top altcoin, as investors lock up their tokens to earn yield and contribute to network security while expecting a price recovery.
However, it's important to note that a majority of the staking inflows have stemmed from Ethereum treasury firm BitMine Immersion (BMNR), which has staked 4.9 million ETH since December. Hence, the growth in total ETH staked doesn't necessarily reflect broad participation in staking.
Ethereum Price Forecast: ETH eyes a bounce off the 50-day EMAEthereum has seen $91.4 million in liquidations over the past 24 hours, led by $61 million in long liquidations.
On the daily chart, ETH is holding a constructive near-term bullish bias, with price above the 20- and 50-day Exponential Moving Averages (EMAs) at $1,791 and $1,812. Momentum stays positive with the Relative Strength Index (RSI) hovering in the mid-50s and the Stochastic Oscillator (Stoch) elevated, which together suggest that buying pressure remains in control, even as the advance starts to look stretched.
On the topside, initial resistance is seen at the horizontal barrier near $1,909, ahead of a denser supply zone formed by the 100-day EMA at $1,942 and the $2,018 and $2,107 levels. Further hurdles are at $2,211 and $2,388.
ETH/USDT daily chartOn the downside, immediate support is aligned around $1,812–$1,806, where the 50-day EMA and a horizontal level converge, followed by the 20-day EMA and the structural floor at $1,741. A deeper setback would expose the next medium-term supports at $1,524, $1,404 and $1,155.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin traded around $64,000 on Friday as spot ETF inflows remained positive, while crypto market sentiment stayed in the Fear zone.
Notable Statistics:
Coinglass data shows 112,566 traders were liquidated in the past 24 hours for $438.29 million. SoSoValue data shows net inflows of $79.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $28.04 million. In the past 24 hours, top gainers include DeXe, Pi and Quant. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez explained that dormant Bitcoin moved on-chain in large amounts over the past 24 hours, signaling a potential increase in volatility. Historically, spikes in old coins changing hands have often preceded major price moves in the Bitcoin market.
Trader Jelle notes that every previous Bitcoin bear market bottom formed below the 0.618 Fibonacci retracement of the prior bull cycle. While Bitcoin has now tested that key level for the first time, they argue history suggests the final bear market low may still lie ahead despite growing optimism that the bottom is already in.
Trader KillaXBT says Bitcoin must reclaim the $63,600–$63,800 resistance zone to maintain bullish momentum. Failure to break above this key area, aligned with the weekly open, could trigger a corrective move toward $61,000.
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Input Output, the engineering firm that essentially built Cardano from scratch, is handing over the keys. Starting in August 2026, IO will transfer control of critical infrastructure components to independent specialist teams, with community organizations providing oversight. The handover will extend through 2027.
What’s actually changing The components being transferred are the foundational pieces of the entire Cardano ecosystem: the Haskell node (the software that runs the blockchain itself), the Plutus smart-contract platform, the Daedalus wallet, Hydra scaling technology, and developer relations.
Two independent firms, Se7en Labs and Teragone, will take over development responsibilities. Community entities Intersect and Pragma will provide oversight, ensuring multiple node implementations are maintained under what IO describes as rigorous formal specifications.
IO isn’t disappearing entirely. The company plans to shift its focus toward research and exploring new ventures through IO Labs and IO Ventures.
IO halved its 2026 treasury requests to roughly $46.8 million, down from $97.5 million. That’s a deliberate signal: the company wants the ecosystem to become self-sufficient rather than perpetually dependent on a single entity’s funding demands.
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The Voltaire era, explained This transition represents the culmination of Cardano’s “Voltaire era.” Named after the French philosopher, this phase has always been about decentralizing governance. Cardano was designed from day one to eventually not need its creator.
The project’s founder, Charles Hoskinson, has long positioned Cardano as a blockchain built on peer-reviewed academic research. IO has been the primary engine of that research and development since the network’s inception. Shifting core development to multiple independent teams is arguably the most concrete step Cardano has taken toward genuine decentralization.
Having multiple independent teams maintaining different implementations of the same protocol is considered a gold standard in blockchain engineering. Ethereum, for example, benefits from having multiple client teams (Geth, Nethermind, Besu, and others) so that a bug in one client doesn’t bring down the entire network.
The elephant in the room: network activity ADA is trading at approximately $0.16, roughly 95% below its all-time high of $3.10 reached in 2021.
Cardano’s Total Value Locked sits at approximately $70 million. For context, Ethereum’s TVL runs into the tens of billions.
The halving of treasury requests to $46.8 million suggests elements of both cost reduction and philosophical alignment with Cardano’s decentralization goals.
What this means for investors The bull case: decentralized development makes Cardano more resilient, with no single company able to become a bottleneck or single point of failure. Community governance through Intersect and Pragma could increase user engagement and trust.
The bear case: Cardano’s TVL of $70 million and an ADA price of $0.16 suggest the market has largely moved on. Se7en Labs and Teragone aren’t household names in crypto, and their ability to maintain and improve critical infrastructure at scale is unproven at this level.
The practical metric to watch is whether Cardano’s TVL and developer activity increase after the handover. The next twelve months, as the transition unfolds through 2027, will likely determine whether this was Cardano’s coming-of-age moment or its quiet exit from the top tier of smart-contract platforms.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cardano (ADA) continues to face heavy selling pressure, trading near $0.15 in July 2026, leaving many long-term holders disappointed. One crypto analyst admitted he also did not expect ADA to be at these levels after previously reaching above $3. However, he argues that the current market environment reflects a broader crypto slowdown rather than a failure of Cardano itself.
According to the analyst, the crypto cycle changed after 2025, catching much of the industry by surprise. While sentiment remains weak, he believes Cardano is entering a potential accumulation phase rather than the end of its growth story.
Cardano (ADA) Near Bottoming ZoneThe analyst notes that ADA is now trading roughly 90% below its all-time high, placing it in a historical bottoming range seen during previous crypto bear markets. The $0.14 level remains a critical support area after buyers defended it during June’s sell-off.
Although he does not rule out another decline below support, he said investors should prepare for both scenarios instead of reacting emotionally. Historically, periods of maximum fear have often created long-term buying opportunities across the crypto market.
Whale Accumulation shows ConfidenceOne of the strongest bullish signs, according to the analyst, is continued whale accumulation.
Wallets holding 1 million or more ADA now control 67.5% of the circulating supply.Wallets with 10–100 million ADA increased their share during June’s sell-off.Whale holdings have reached their highest level since February 2023, even as smaller investors continue selling.The analyst says this behavior mirrors previous crypto cycles, where large investors quietly accumulated while retail sentiment remained extremely negative.
ETF Timeline and Network UpgradesBeyond whale activity, the analyst noted that the institutional interest is gradually building. Following the launch of CME Cardano futures in February 2026, the market is now watching a possible spot ADA ETF review, with October 2026 viewed as a key decision period.
The analyst highlights three major developments that could strengthen Cardano’s ecosystem:
Leios Scaling Upgrade: Designed to increase transaction capacity and address concerns about network speed.RealFi Expansion: It mainly focuses on connecting Cardano with real-world assets, including credit markets, bonds, and business lending.Van Rossem Hard Fork July 18: Expected to improve smart contracts, privacy features, and zero-knowledge proof capabilities.According to him, these upgrades could help solve some of Cardano’s biggest criticisms, particularly around scalability and adoption.
Price OutlookOn the price front, the analyst noted that ADA’s current price of around $0.15 does not reflect its growing whale accumulation, potential spot ETF catalyst, or major upgrades like Leios and RealFi. While he isn’t urging investors to buy, he says that even if ADA drops below $0.10, continued institutional accumulation, ETF prospects, and improving network fundamentals could position Cardano for a strong recovery in the next crypto bull cycle. Overall, the cryptocurrency is down 1.62% over the past 24 hours.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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TL;DRPlasma is a stablecoin-native Layer 1, EVM-compatible and Bitcoin-secured, purpose-built for dollar transfers at scale; getting USDC and USDT onto it is the first step.
Across routes USDT to Plasma through the OFT path (USDT0), a mint-and-burn mechanism that delivers native USDT, not a wrapped placeholder.
Native USDC moves through Circle's CCTP, also native on arrival; the protocol picks the mechanism, you don't.
Most fills settle in about two seconds because a relayer advances the funds on Plasma before settlement.
Across has run since 2021 across 20+ chains and its settlement layer has never been compromised. Bridging in costs a fee; Plasma's zero-fee USDT transfers apply to sending USDT once it is already on the chain.
Bridge to Plasma
Plasma is a blockchain that picked a side. Most Layer 1s court every category of activity at once, gaming, NFTs, perps, lending. Plasma was built for one thing: moving dollars. It is a stablecoin-native Layer 1, EVM-compatible and secured by Bitcoin, with a mainnet beta live since September 2025, and its signature feature is a protocol-level paymaster that lets you send USDT without holding the chain's native token. The chain assumes the asset you care about is a dollar. So the first practical step is plain: before you can use any of it, you have to bridge USDC and USDT to Plasma. The cleanest way to do that is through Across.
Across delivers native USDT to Plasma, not a wrapped substitutePlenty of bridges will hand you a wrapped token that represents USDT somewhere else, an IOU you then have to unwind. Across does something different for USDT. It routes through the OFT path, the Omnichain Fungible Token standard behind USDT0, which burns USDT on the origin chain and mints it on Plasma. What lands in your wallet is native USDT on Plasma, the same asset Plasma's paymaster and its applications expect, with no wrapper to unwrap later.
This matters because of what Plasma is for. A chain optimized for dollar payments is only as useful as the dollars actually on it. A wrapped derivative sitting one redemption away from the real thing is a worse starting position than the canonical token, and the OFT route closes that gap on arrival.
USDC takes its own native path. Across moves it through Circle's Cross-Chain Transfer Protocol, so it arrives as real USDC rather than a bridged stand-in. Both stablecoins, each on its own native rail, requested the same way.
You pick the destination; the API picks the railAcross runs three settlement mechanisms under a single Swap API: its core intents system, which handles most transfers; CCTP for native USDC; and OFT for native USDT0. You don't choose among them. You state the outcome you want, USDC or USDT on Plasma, and the protocol routes through whichever rail delivers the native asset fastest. That is what an intents protocol does. You declare the result; a competitive network of relayers races to fill it.
Speed comes from how the fill works. A relayer fronts the funds on Plasma the moment your deposit is confirmed, so most transfers finish in about two seconds instead of waiting on a slow canonical bridge. The settlement between relayer and protocol happens afterward, out of your way.
How to bridge USDC and USDT to PlasmaThe flow is the same whichever stablecoin you are moving.
Open the Plasma bridge route on across.to. The destination is preset to Plasma.
Select your origin chain, the network where your USDC or USDT currently sits, from Ethereum, Arbitrum, Base, or any other supported origin.
Choose USDC or USDT as the token and enter the amount. The interface shows the quote, the fee, and the amount that will arrive.
Connect your wallet and confirm the deposit. Across routes USDC through CCTP and USDT through the OFT path automatically.
Watch for the funds on Plasma. Native USDC or native USDT typically lands in about two seconds.
For developers wiring this into an app, the same routing is available programmatically through the Across Swap API, which returns ready-to-sign calldata and selects the settlement rail without you hard-coding it.
What is free on Plasma and what bridging actually costsPlasma's headline is zero-fee USDT transfers, and it is real, but it is worth being precise about scope. The paymaster sponsors gas for simple USDT transfers that happen on Plasma, so once your USDT is on the chain you can send it to another Plasma address without holding the native token for gas. Bridging USDT and USDC to Plasma in the first place is a separate action, and it carries a bridge fee like any crosschain transfer. The free part begins after your dollars arrive, not on the way in.
On security: Across has operated since 2021, settles across 20+ chains, and has never suffered a protocol-level exploit. Transfers are backed by relayer capital and verified through UMA's optimistic oracle.
Plasma was built to hold dollars. Bridging is the part where you get your USDC and USDT through the door as the real asset, and the OFT and CCTP routes do exactly that.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ansem launches SOL airdrop marketing campaign, giving away 1 SOL every 5 minutes.
Crypto KOL Ansem posted on X that he will airdrop 1 SOL to users every 5 minutes before going to bed, with participants only needing to leave their Solana wallet address in the comments to join the event. As of press time, Ansem’s eponymous meme coin ANSEM has a market cap of $176 million, down 5.5% over the past 24 hours.
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Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $132.3 million, marking four consecutive trading days of inflows.
According to Farside’s monitoring, U.S. spot Bitcoin ETFs saw a net inflow of $132.3 million yesterday, marking their fourth consecutive trading day of net inflows. Specifically, IBIT recorded a net inflow of $136.5 million, while FBTC posted a net outflow of $4.2 million.
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Polymarket’s probability of the CLARITY Act passing this year has fallen to 32%, hitting an all-time low.
As the U.S. Senate remains deadlocked over the CLARITY Act, prediction market Polymarket has slashed the probability of the bill being passed by the end of 2026 to 32%, the lowest level since the platform launched in January this year. Data shows this probability has dropped by roughly 30 percentage points from the market’s launch, and plummeted sharply from the 82% peak hit in February this year. Market participants believe that with the Senate’s legislative schedule tightening and bipartisan support still unachieved, the likelihood of the bill passing this year continues to decline. Reports indicate that the biggest sticking point right now is that the two parties have yet to reach an agreement on ethics provisions related to conflicts of interest for government officials involving digital assets. Democratic Senator Ruben Gallego previously stated clearly that he would not support the bill in Senate votes if it does not include the bipartisan-backed ethics provisions. The CLARITY Act aims to establish a regulatory framework for the U.S. digital asset market and clarify the jurisdictional boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Multiple industry stakeholders testified at a House of Representatives hearing that the bill would help end "regulation by enforcement" and provide long-term, stable regulatory rules for the digital asset sector. As the U.S. Congress heads into its August recess, market expectations for the bill to be enacted into law this year are continuing to cool.
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An address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million.
According to monitoring by crypto analytics account Ai Yi, an address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million. The address received 150 million ONDO from the Ondo team’s multi-sig address on June 23, held the tokens for nearly a month, and transferred a portion to Coinbase 11 hours ago. The operation follows a similar pattern to prior moves: team address transfer → address holding → transfer to exchange platform, though the specific purpose of this action remains unclear.
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Claude Fable 5 will not be discontinued, and has officially remained in the premium subscription tier.
Anthropic announced that Claude Fable 5 will be officially included in its Max and Team Premium plans starting July 20. Users can allocate up to 50% of their plan credits to Fable 5, with no temporary deadline imposed. Pro and Team Standard users will still need to access Fable 5 on a pay-as-you-go basis, and Anthropic will grant these users a one-time $100 credit. When Fable 5 launched, Anthropic only committed to offering free access to the model until June 22. The model was later suspended due to U.S. export controls; after resuming on July 1, the plan access window was extended from July 7 to July 12, then to July 19. Anthropic has consistently stated that demand is unpredictable, requiring gradual increases in computing power. This timing is hard not to link to Kimi K3, which has recently matched or surpassed Fable 5 in multiple programming and agent benchmarks, with some tasks even outperforming it. Competitive pressure may have accelerated Anthropic’s decision, though no direct evidence exists to confirm this.
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Alibaba releases Miaowu Team Edition, an enterprise-level AI application creation platform.
At the 2026 World Artificial Intelligence Conference (WAIC), Alibaba unveiled Meoo Team, the enterprise team edition of its Miaowu enterprise-grade AI application creation platform. Its core capabilities include unified identity management, unified procurement and quota control, fine-grained permission management, and team asset sharing, among others. Meoo Team is designed to address key challenges enterprises face in AI creation, such as resource coordination, permission allocation, and asset ownership, while enhancing collaboration efficiency for teams across e-commerce, content creation, product operations, marketing, finance, education, and other fields.
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Augur has returned with a proposed resolution system and a two-month token migration test as prediction markets draw increased institutional scrutiny.
Summary
Augur has returned with a decentralized layer for resolving disputed prediction-market outcomes. REP holders are testing the system through a two-month Moon Fork migration. Wall Street banks are tightening employee rules as insider-trading concerns grow. According to a press release shared with crypto.news, the Lituus Foundation announced the relaunch alongside the Augur Lituus whitepaper, which outlines a settlement layer for prediction markets facing disputed outcomes. Under the proposed system, markets could resolve contested events without depending on a company, committee, multisignature wallet, or governance council.
Rather than opening another trading platform, the foundation plans to offer the resolution layer as infrastructure that other prediction markets and protocols could use. Its design separates the process of determining an outcome from services such as trading, liquidity management, user interfaces, and customer distribution.
The whitepaper also compares several decentralized oracle systems, focusing on how each one may perform when participants have a financial reason to influence a result. According to the foundation, Augur Lituus uses economic incentives intended to make support for an accurate outcome more rational than backing a false one.
“Prediction markets are only as credible as their resolution process,” Lituus Foundation co-founder Phill said.
“As markets become larger and more influential, the question isn’t whether they can predict the future. It’s whether they can determine what actually happened when billions of dollars depend on the answer.”
Augur is testing settlement through a live token fork Alongside the whitepaper, Augur has started what it calls the Moon Fork, a public test of its dispute and algorithmic fork process. The exercise stems from a prediction market connected to NASA’s Artemis II mission, according to the foundation.
During the test, REP token holders must choose which version of the protocol to support by moving their assets within a two-month migration period. The foundation said tokens remaining in versions that participants abandon would lose their economic relevance.
Unlike an internal simulation, the Moon Fork involves financial incentives and public participation. The foundation said the process would test token migration, user coordination and behavior when competing versions of an event’s outcome exist.
Augur originally introduced its prediction-market model during Ethereum’s early development. Its system allowed users to create markets tied to real-world events, while REP holders participated in settling their outcomes through economic incentives.
The project’s renewed focus comes after prediction markets such as Polymarket and Kalshi attracted more users and attention. Many current platforms still depend on centralized operators or governance procedures to decide contested outcomes, according to the Lituus Foundation.
Institutional controls are increasing around event contracts Prediction markets are also facing closer examination over how traders may use confidential information. As previously reported by crypto.news, Goldman Sachs, Morgan Stanley, JPMorgan Chase and Bank of America have introduced or revised employee policies covering event contracts.
Those restrictions are intended to limit insider-trading and conflict-of-interest risks on platforms including Polymarket and Kalshi, crypto.news reported. Employees may hold information about elections, economic releases, corporate decisions or geopolitical developments before it becomes public.
Goldman Sachs has prohibited staff from trading contracts connected to the bank, elections, financial markets, macroeconomic data and geopolitics. The bank adopted the rules as regulators and companies began paying closer attention to employee activity on prediction platforms.
While those controls concern who may trade and what information they possess, Augur’s proposed system addresses a separate part of the market: how a disputed contract is settled after the underlying event has occurred. The foundation has not provided a launch date for general use of the Lituus resolution layer.
Cronos (CRO) is trading around $0.06 as of July 2026, roughly 93% below its all-time high of $0.89, set in November 2021. This cro price prediction — and the related cronos price prediction analysts publish under both names for the same token — looks at what it would actually take for CRO to reach $1, and whether that’s a realistic target or mostly wishful thinking based on current fundamentals, market cap math, and where forecasts land for 2026 through 2040.
Key Takeaways CRO trades near $0.06 with a market cap of roughly $2.7–2.8 billion and a circulating supply of about 46 billion tokens Reaching $1 would require CRO’s market cap to grow to roughly $46 billion at current circulating supply — a jump that would place it among the 10–15 largest cryptocurrencies by market cap CRO’s all-time high is $0.89 (November 24, 2021); the current price is roughly 93% below that peak Most analyst price predictions for 2026 cluster in the $0.06–$0.09 range, with longer-term 2030 forecasts ranging more widely from roughly $0.15 to over $1 Cronos functions as the utility token for the Cronos Chain, an EVM-compatible Layer-1 blockchain tied to Crypto.com’s ecosystem CRO stock is a common but inaccurate search term — Cronos is a cryptocurrency, not a publicly traded equity, so there’s no CRO ticker on any stock exchange Current CRO Price Snapshot MetricValueCurrent Price~$0.06Market Cap~$2.7–2.8 billionCirculating Supply~46 billion CROMax Supply100 billion CROAll-Time High$0.89 (Nov 24, 2021)All-Time Low~$0.012Distance from ATH~-93%Market Cap Rank~#33–36 For live cro usd and cro to usd pricing rather than a static snapshot, check a real-time source like CoinMarketCap, CoinGecko, or the exchange you trade on directly — prices move throughout the day and any figure quoted in an article is already slightly out of date by the time you read it. For broader market context, see Crypto Market Today.
What Is Cronos (CRO)? Cronos is the native utility token of the Cronos Chain, an EVM-compatible Layer-1 blockchain built on the Cosmos SDK and closely tied to the Crypto.com ecosystem. It’s used to pay transaction fees on the network, power DeFi applications and perpetuals trading, and support Crypto.com Pay integrations across the company’s broader product suite. Unlike purely speculative tokens, CRO has real utility tied to an active exchange and payments business, which is part of why long-term CRO price predictions tend to reference Crypto.com’s overall growth rather than CRO in isolation. It’s worth noting there’s no such thing as “CRO stock” in the traditional sense — Cronos is a cryptocurrency traded on crypto exchanges, not a company share traded on Nasdaq or NYSE, even though the search term persists because newcomers sometimes assume any ticker symbol represents a stock. The same confusion shows up as crypto.com stock searches: Crypto.com, the company behind the Cronos ecosystem, is privately held and has no publicly traded shares as of 2026, so there’s no crypto.com stock to buy — CRO is the closest tradeable asset tied to the company. A crypto.com price prediction, when you find one, is typically just another name for a CRO price prediction, since CRO is Crypto.com’s token.
Where to Track CRO For token fundamentals, supply data, and market ranking, cro coinmarketcap and CoinGecko are the two most commonly referenced aggregators. Both track live price, market cap, trading volume, and historical charts, and are useful for verifying any price prediction against real-time data rather than a snapshot that may already be stale.
Will Cronos Reach $1? Here’s the math that matters: with roughly 46 billion CRO in circulating supply, a $1 price would put CRO’s market cap at approximately $46 billion. For context, that would place Cronos among the 10–15 largest cryptocurrencies by market cap as of mid-2026 — well above where it currently sits (around rank #33–36). That’s not impossible, but it would require Cronos to roughly 16x from current levels, which is a dramatically larger move than most analyst models currently project for any timeframe through 2030.
The Bull Case for $1 CRO has real utility tied to Crypto.com’s exchange, payments, and DeFi ecosystem, which gives it a stronger fundamental case than purely speculative tokens. If Crypto.com continues expanding its licensed footprint (it secured a UAE license in 2026 enabling crypto-based government fee payments in Dubai, for example) and overall crypto market conditions turn sharply bullish, CRO could meaningfully outperform its recent range. A broad altcoin rally — the kind that lifted CRO to its 2021 all-time high alongside the rest of the market — remains the single most plausible path to a fast re-rating, though it would still likely need to be paired with genuine Cronos-specific adoption growth to sustain $1 rather than spike and fade.
The Bear Case Against $1 CRO’s all-time high of $0.89 was set during the 2021 market-wide euphoria, when nearly every altcoin posted outsized gains — it wasn’t necessarily a reflection of Cronos-specific fundamentals at the time, which makes it a weak benchmark for what’s achievable going forward. Since then, CRO has spent years trading well below that level even during subsequent market rallies, suggesting the token faces real headwinds re-attracting that level of speculative capital. A 16x move to reach $1 would also require sustained new demand at a scale most analyst models don’t currently project within the next several years. Token supply is another headwind: with 100 billion max supply and roughly 46 billion already circulating, continued token unlocks add steady sell-side pressure that a purely fixed-supply asset wouldn’t face.
Is Cronos a Good Investment? Whether Cronos is a good investment depends heavily on your time horizon and risk tolerance. Its tie to a real, licensed business (Crypto.com) gives it more fundamental grounding than many altcoins, and continued expansion of Crypto.com’s regulated footprint is a genuine tailwind. On the other hand, CRO has underperformed the broader crypto market since its 2021 peak, and its utility-token model means its price is closely linked to Crypto.com’s own business decisions and token economics rather than purely open, decentralized demand. As with any single-asset crypto position, most analysts suggest treating it as a smaller, higher-risk allocation rather than a core holding.
CRO Price Prediction by Year The table below reflects a range drawn from multiple public analyst and algorithmic forecasting models as of mid-2026 — treat these as illustrative scenarios, not guarantees.
YearLow EstimateHigh Estimate2026$0.06$0.092027$0.07$0.152028$0.08$0.252029$0.10$0.402030$0.15$0.602040$0.30$1.50+ Longer-dated forecasts (2030 and especially 2040) carry substantially more uncertainty than near-term ones — a decade or more is enough time for entirely new market cycles, competing Layer-1s, or shifts in Crypto.com’s own business to reshape CRO’s trajectory in ways no current model can meaningfully predict. Treat the 2040 range as a directional illustration, not a forecast with any real precision.
CRO Price Prediction 2025 in Hindsight Looking back, cro coin price prediction 2025 and cronos price prediction 2025 models published a year ago generally projected a range close to where CRO actually landed — a useful reminder that near-term (1-year) forecasts tend to be more reliable than multi-year projections, even when they’re still wrong on the exact number. Applying that same lesson forward, treat any single-point 2026 price prediction with appropriate skepticism and focus on the range instead.
Cronos Price Prediction 2030 By 2030, most cronos price prediction 2030 models — also published as cro price prediction 2030 or cro coin price prediction 2030 depending on the source — converge on a range roughly between $0.15 and $0.60, contingent on continued Cronos Chain adoption and broader crypto market cycles playing out favorably. Reaching the higher end of that range would still leave CRO well short of $1, underscoring how large a move $1 actually represents from current levels. Some more bullish cronos coin price prediction models push toward $1 by the early 2030s, but these tend to assume both a full market-wide bull cycle and accelerated Cronos-specific adoption happening simultaneously — a less likely combination than either factor moving on its own.
CRO Price Prediction 2040 Zooming out to cro price prediction 2040, forecasts range widely from around $0.30 to over $1.50, reflecting just how much uncertainty compounds over a 15-year window. A cronos crypto price prediction at this distance is closer to a scenario exercise than a genuine forecast — useful for understanding the range of outcomes, not for planning around a specific number.
How to Buy CRO CRO is listed on Crypto.com (its native exchange), as well as major platforms including Binance, Kraken, and Coinbase. The process mirrors buying any other listed cryptocurrency: create an account, complete identity verification, fund it via bank transfer or card, and place a buy order for CRO — usually priced against USD or USDT. You can find live cro to usd pricing on any of these platforms before placing an order.
Nothing on this page constitutes financial advice. Price predictions, including those referenced above, are speculative by nature and should not be treated as guarantees. Always conduct independent research before making investment decisions.
Frequently Asked Questions Will CRO reach $1? Reaching $1 would require CRO's market cap to grow to roughly $46 billion at current circulating supply — about 16 times its current level. It's not impossible, but it would require substantially stronger demand than most current forecasts project through 2030.
Will Cronos reach $1? Same token, same math: CRO and Cronos refer to the same asset, so the answer is identical — a 16x move from current levels, which is a large but not impossible ask depending on future market cycles and Crypto.com's growth.
Can CRO reach $1000? No realistic near-to-medium-term scenario supports this. At CRO's current circulating supply of roughly 46 billion tokens, a $1,000 price would imply a market cap in the tens of trillions of dollars — far exceeding the entire current cryptocurrency market combined.
Can Cronos reach $1? Yes, it's mathematically possible, but it would require CRO's market cap to grow roughly 16x to around $46 billion, which most current analyst models don't project happening within the next several years.
Will CRO coin reach $100? No. A $100 CRO price would imply a market cap in the trillions of dollars at current supply — larger than the entire global cryptocurrency market today. This isn't a realistic scenario under any current model.
What is Cronos crypto used for? Cronos is the utility token of the Cronos Chain, an EVM-compatible Layer-1 blockchain used to pay network transaction fees, power DeFi and perpetuals trading, and support Crypto.com Pay integrations.
Is Cronos a good investment in 2026? It depends on your risk tolerance. CRO has real utility tied to Crypto.com's licensed business, which gives it stronger fundamentals than purely speculative tokens, but it has significantly underperformed the broader market since its 2021 peak.
What was Cronos's all-time high? CRO's all-time high is $0.89, reached on November 24, 2021, during the broader 2021 crypto market rally. The current price sits roughly 93% below that level.
Is there a CRO stock? No. Cronos is a cryptocurrency, not a company share — there's no CRO stock listed on any traditional stock exchange. You can only buy and hold CRO through cryptocurrency exchanges.
What does a "cronos stock price today" search actually mean? Despite the phrasing, there's no stock — this search almost always means the current CRO cryptocurrency price, which is available live on exchanges like Crypto.com, Binance, Kraken, or Coinbase.
Where can I check the live CRO to USD price? Live cro to usd pricing is available on major exchanges including Crypto.com, Binance, Kraken, and Coinbase, as well as aggregators like cro coinmarketcap and CoinGecko.
Where can I find the latest cronos news? For up-to-date cronos news and cro token news beyond this price prediction, check Crypto.com's official announcements and major crypto news aggregators, since Cronos-specific developments (like exchange licensing news) can move the price independently of broader market trends.
Defunct crypto exchange FTX is set to make another round of repayments to creditors at the end of this month. This comes as the crypto market rebounds amid the latest escalation in the U.S.-Iran war.
FTX To Make Fifth Repayment To Creditors On July 31 In a press release, the defunct exchange announced that it will commence distributions on July 31 in line with its Chapter 11 Plan of Reorganization to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements by the Record Date of June 16.
This marks the fifth distribution from FTX, with the exchange paying almost $900 million to creditors. Eligible creditors will be able to receive their funds from their selected distribution service provider, which includes Kraken, Payoneer or the top custody provider BitGo.
The exchange stated that it will announce subsequent record and payment dates in due course. The defunct exchange also plans to make a second payment to eligible Preferred Equity Holders on July 31.
This latest planned FTX repayment comes as the U.S. Senate rejected a clemency for the exchange’s founder, Sam Bankman-Fried (SBF). SBF continues to push for a presidential pardon, although President Trump has signaled that he has no plans to pardon the crypto founder.
Details On The Payment To Preferred Shareholders The second Preferred Payment will be made from the Preferred Shareholder Remission Fund Trust (PSRFT) to Preferred Equity Holders eligible as of June 16. The eligible shareholders will receive $18 million under this second repayment, bringing total payments from the PSRFT to $95 million.
FTX will make these payments through Kraken and BitGo for individual and institutional shareholders, respectively. The exchange noted that outreach to Preferred Equity Holders began in January this year.
The FTX bankruptcy case remains in court with an Omnibus Hearing scheduled for July 23. Meanwhile, the court will hold another Omnibus Hearing on August 16.
For more information on crypto exchanges in the U.S., please check out our page on Best Regulated Crypto Exchanges in the USA
FTX has scheduled its fifth creditor distribution for July 31, preparing to return nearly $900 million as founder Sam Bankman-Fried’s efforts to secure clemency face political resistance.
Summary
FTX will begin its fifth creditor distribution, worth nearly $900 million, on July 31. Preferred shareholders will receive another $18 million, lifting total trust payments to $95 million. SBF’s pardon campaign faces resistance as criminal cases linked to FTX continue. According to an FTX press release, the bankrupt exchange will distribute funds to creditors with approved claims in the Convenience and Non-Convenience Classes under its Chapter 11 reorganization plan. Claimants must have completed all pre-distribution requirements by the June 16 record date to qualify.
Eligible creditors will receive their payments through one of FTX’s approved distribution providers. The company has named Kraken, Payoneer, and crypto custodian BitGo among the services handling the transfers.
FTX described the July payment as its fifth distribution since the repayment process began. The company said the round will return almost $900 million to creditors, though it did not provide a breakdown of how much each claim class will receive.
Future record and payment dates will be announced later, according to the exchange. The bankruptcy proceedings also remain active, with the court scheduled to hold omnibus hearings on July 23 and Aug. 16.
Preferred shareholders will receive another $18 million Alongside the creditor distribution, FTX will issue a second payment to eligible Preferred Equity Holders on July 31. The company said eligibility for this group was also determined using the June 16 record date.
Funds will come from the Preferred Shareholder Remission Fund Trust, which was established to compensate qualifying shareholders. FTX said the upcoming payment will distribute $18 million and raise total payments from the trust to $95 million.
Individual shareholders will receive their funds through Kraken, while BitGo will process payments for institutional recipients, according to the exchange. FTX added that it began contacting eligible Preferred Equity Holders in January to help them complete the required steps.
The dual distribution continues the financial unwind of FTX, which filed for bankruptcy in 2022 after a liquidity crisis exposed a multibillion-dollar shortfall. Under the court-approved plan, distributions depend on claim approval, record-date eligibility and completion of verification requirements.
SBF’s clemency campaign faces political resistance While creditors await the latest payment, Bankman-Fried has continued seeking a presidential pardon for his criminal conviction. The former FTX chief is serving a 25-year prison sentence after a federal jury found him guilty of fraud and conspiracy charges connected to the exchange’s collapse.
Notably, the U.S. Senate recently rejected a clemency effort involving Bankman-Fried. President Donald Trump has also indicated that he does not plan to pardon the former executive, weakening the prospects of an early release through presidential action.
Criminal cases tied to FTX have continued even as the bankruptcy estate returns money to creditors. Last month, crypto.news reported that a federal judge rejected Michelle Bond’s attempt to dismiss four campaign finance-related charges and scheduled her trial for Nov. 9.
In an order filed in the U.S. District Court for the Southern District of New York, Judge George Daniels rejected Bond’s argument that prosecutors had promised not to charge her if her husband, former FTX executive Ryan Salame, pleaded guilty. Bond’s prosecution was one of the final criminal cases linked to FTX after several former executives faced charges following the exchange’s failure.
FTX will distribute approximately $900 million to eligible creditors on July 31, marking the bankrupt crypto exchange’s fifth distribution under its Chapter 11 reorganization plan.
The latest payout will take announced distributions across FTX’s second through fifth repayment rounds to at least $9.7 billion. The figure excludes the initial February 2025 distribution to Convenience Class creditors, for which FTX did not specify an aggregate amount.
FTX creditors to receive another $900 million FTX and the FTX Recovery Trust announced on July 17 that the fifth distribution will cover eligible holders of allowed claims across Convenience and Non-Convenience Classes.
To qualify, creditors must have completed the required pre-distribution steps by the June 16 record date. Eligible creditors should receive their funds through their selected provider.
Under the latest distribution, allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 9%, taking cumulative distributions to 105%.
U.S. Customer Entitlement Claims will receive an additional 5%, bringing the cumulative total to 105%. General Unsecured Claims and Digital Asset Loan Claims will each receive 3%, bringing their cumulative distributions to 103%.
Convenience Claims, meanwhile, will have received cumulative distributions of 120%.
Announced FTX distributions cross $9.7 billion The latest announcement extends a creditor repayment process that began in February 2025.
FTX’s second distribution, completed in May 2025, involved more than $5 billion, followed by approximately $1.6 billion in September. The Recovery Trust subsequently announced another approximately $2.2 billion for its fourth distribution in March 2026.
Including the $900 million scheduled for July, FTX has therefore announced at least $9.7 billion across its second through fifth distributions.
The total amount distributed or scheduled since repayments began is higher, as that calculation excludes FTX’s first distribution to Convenience Class creditors in February 2025.
FTX has not yet announced the record or payment dates for its next distribution.
Preferred shareholders also set for second payment The July 31 distribution will coincide with another payment to eligible FTX preferred equity holders.
The Preferred Shareholder Remission Fund Trust will distribute $18 million to eligible holders who met the requirements by the June 16 record date.
The latest payment will bring total distributions from the fund to $95 million.
FTX said additional details showing the amounts distributed by individual creditor classes will be filed with the bankruptcy court shortly after the July 31 payment.
Final Summary FTX will distribute approximately $900 million to eligible creditors on July 31, bringing announced payouts across its second through fifth distribution rounds to over $9.7 billion. Following the fifth distribution, Dotcom and U.S. customer claims will have reached 105% cumulative distributions, while Convenience Claims will stand at 120%.
17 July 2026 | 23:05 FTX will begin its fifth round of creditor distributions on July 31, 2026, releasing approximately $900 million through the collapsed exchange’s bankruptcy recovery process.
Key Takeaways FTX will begin distributing approximately $900 million to eligible creditors on July 31, 2026. Dotcom and U.S. customer claims will reach cumulative distributions of 105% of their allowed claim values. Payments will arrive through BitGo, Kraken, or Payoneer, generally within one to three business days. The percentages apply to bankruptcy claim values, not the present market value of cryptocurrency previously held on FTX. According to the official announcement from FTX and the FTX Recovery Trust, the distribution covers eligible creditors in both the Convenience and Non-Convenience Classes. Recipients must have held an allowed claim and completed all required steps by the June 16 record date.
Eligible creditors should receive the money through BitGo, Kraken, or Payoneer within one to three business days after distributions begin. With five rounds now announced since repayments started in February 2025, the estate’s disclosed creditor distributions have moved beyond $10 billion.
Customer Claims Move Above 100% of Allowed Value The fifth distribution adds different percentages depending on the type of claim:
Class 5A: Dotcom Customer Claims
Additional 9% distribution
105% Total
Class 5B: U.S. Customer Claims
Additional 5% distribution
105% Total
Classes 6A & 6B: Unsecured/Loan Claims
Additional 3% distribution
103% Total
Class 7: Convenience Claims
Final settlement target
120% Total
FTX did not announce a new incremental percentage for Class 7 creditors who have already received their full treatment under the plan. The cumulative figure may also cover convenience claims that became allowed after earlier record dates and are only now eligible for payment.
The estate cautioned that actual percentages could differ slightly because of rounding. A more detailed breakdown by claim class is expected to be filed with the bankruptcy court after the July 31 distribution.
Why a 105% Payout Is Not a 105% Crypto Recovery The percentages above 100% require an important qualification. They apply to the value of each creditor’s allowed bankruptcy claim, with additional amounts reflecting post-petition interest and other treatment established under the restructuring plan.
They do not mean creditors are receiving 105% or 120% of the current value of the Bitcoin, Ethereum, or other digital assets they previously held on FTX.
FTX’s official claims documentation states that customer balances are reflected as of November 11, 2022. Their U.S. dollar values were calculated using the Digital Asset Conversion Table approved during the bankruptcy proceedings.
A creditor who held an appreciating asset such as Bitcoin is therefore being repaid against its court-recognized claim value rather than receiving the original number of coins or their present market value. Passing 100% represents repayment of the allowed dollar claim plus applicable plan treatment, not full restoration of the investment position the customer would hold today.
The $900 Million Is Not Automatic Crypto Buying Pressure The distribution may return substantial liquidity to former FTX customers, but it should not automatically be interpreted as $900 million entering the crypto market.
FTX sends distributions to its service providers in U.S. dollars. According to the estate’s distribution provider guidance, BitGo and Kraken may allow recipients to withdraw fiat or convert their payments into digital assets, depending on their jurisdiction and account. Payoneer primarily delivers fiat payments to bank accounts.
The eventual market effect will depend on what creditors do after receiving the money. Some may return part of their payout to crypto, while others may withdraw it, cover taxes, repay obligations, or move the funds into unrelated investments. The distribution creates the capacity for new demand but does not confirm that the money will be reinvested in digital assets.
Who Qualifies for the July 31 Distribution Eligibility was determined using the June 16, 2026 record date. According to FTX’s distribution dashboard guidance, creditors needed to have an allowed claim and complete the following requirements:
Required Onboarding Steps KYC Identity Verification Secure validation of your identity documents.
Tax Documentation Submission of a valid and signed tax form.
Provider Onboarding Successful setup with an approved distribution provider.
Sanctions Screening Final completion of mandatory regulatory compliance checks.
Creditors who did not complete those steps by June 16 will not participate in the July 31 round. They may become eligible for a later distribution after satisfying the requirements, subject to the deadlines and forfeiture provisions contained in the restructuring plan.
Transferred claims face an additional condition. The new holder must appear on the official claims register, and the applicable 21-day transfer notice period must have expired without an objection before the relevant record date.
Preferred Shareholders Will Receive a Separate $18 Million FTX also announced a separate payment of approximately $18 million to eligible preferred equity holders on July 31.
The money will come from the Preferred Shareholder Remission Fund Trust rather than the creditor distribution pool. The second preferred payment will increase total payments from that trust to approximately $95 million.
Eligible institutions must onboard with BitGo, while eligible individuals use Payoneer. Preferred shareholders must also provide an ownership certification, complete KYC checks, submit the required tax documents, and sign the accompanying consent form.
Because this payment follows a separate shareholder process, it should not be combined with the $900 million creditor distribution when measuring the recovery received by customer and unsecured claim classes.
FTX has not announced the record date or size of its next creditor distribution. Future payments will depend on available cash, remaining reserves, the resolution of disputed claims, and additional recoveries obtained by the estate.
Creditors should use only the official FTX Customer Claims Portal and verify any communication before opening links or providing personal information. FTX has repeatedly warned that it will never ask claimants to connect a crypto wallet to receive a bankruptcy distribution.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading 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.
FTX is set to release roughly $900 million to creditors on July 31 in its fifth distribution since the collapsed exchange filed for Chapter 11 protection in November 2022. According to an official press release from FTX Trading Ltd. and the FTX Recovery Trust, eligible creditors can expect funds from their chosen distribution provider, either BitGo, Kraken, or Payoneer, within one to three business days of that date.
Who Gets What The fifth distribution allocates an incremental 9% to Dotcom customers, 5% to US customers, and 3% each to general unsecured and digital asset loan claimants. Convenience claimants, typically smaller retail creditors, reach 120% on a cumulative basis. Dotcom and US customers both now cross the 105% cumulative mark, meaning they have, in dollar terms, recovered more than they originally lost.
That milestone matters in context. The Block reports that FTX's bankruptcy estate has now distributed nearly $10 billion to creditors and other claimants since repayments began in 2025, following a $2.2 billion fourth round in March.
The Catch: Frozen in November 2022 The headline recovery figures come with a significant caveat. All claims are valued in November 2022 dollars, when $BTC traded at around $16,871 at the time of FTX's bankruptcy filing. The exchange has faced criticism for not repaying assets in kind, and that criticism carries weight given where Bitcoin trades today.
As legal analysts have noted, a creditor who held one Bitcoin on FTX recovers roughly $20,000 in cash at 119%, not one Bitcoin, which trades at a fraction of that in purchasing power terms compared to current market prices. The court approved petition-date valuation as required under US bankruptcy law, meaning creditors do not benefit from any of the price appreciation that followed the collapse. On paper, crossing 100% looks like a full recovery. In crypto terms, it is considerably less than whole.
Creditors who have not yet completed KYC verification, submitted required tax forms, and onboarded with an approved distribution provider will need to do so before a future record date to remain eligible for subsequent rounds.
Sources:
FTX Official Press Release, PR Newswire, July 17, 2026
The Block: FTX fifth distribution reporting
Astraea Counsel: Crypto Bankruptcy Asset Recovery Analysis
Prominent angel investor Jason Calacanis, known for his early backing of Uber and investments in leading tech startups, has expressed renewed concerns over Bitcoin’s current trajectory, citing the outsized influence of software company MicroStrategy and its co-founder Michael Saylor.
MicroStrategy’s growing impact on BitcoinCalacanis contended that the primary challenge facing Bitcoin is no longer the cryptocurrency itself, but rather the effect of MicroStrategy’s aggressive acquisition strategy and the public profile of Saylor. He stated that while Bitcoin’s fundamentals remain unchanged, the company’s moves have begun to shape market perceptions and behaviors in ways that concern him.
In a post on X, Calacanis remarked, “The challenge for $BTC is that one person is causing chaos ($MSTR), while retail is more interested in bets on world-changing products (SpaceX, OpenAI, Anthropic).” He implied that MicroStrategy’s actions could be diverting retail interest away from direct Bitcoin investment toward speculative trading around the company’s stock.
In his comments, Calacanis argued that MicroStrategy has reached a level of dominance in the cryptocurrency narrative that can distort how both retail and institutional investors engage with Bitcoin.
MicroStrategy has repositioned itself as a “Bitcoin treasury company,” raising capital through equity offerings, convertible debt, and preferred stock to finance substantial Bitcoin purchases. This strategy has made it the largest corporate holder of Bitcoin globally, a position that sees its stock frequently serve as a leveraged proxy for the cryptocurrency.
As MicroStrategy’s influence has grown, institutional conversations about Bitcoin regularly reference the company’s holdings and buying strategies. Traders often view MSTR shares as an alternative means of accessing Bitcoin price movements, raising concerns about the company’s sway over inflows that might otherwise support spot BTC or newly established Bitcoin exchange-traded funds.
Mini dictionary: MicroStrategy (MSTR), a business intelligence firm led by Michael Saylor, is best known for amassing one of the world’s largest corporate Bitcoin treasuries, turning its stock into a popular, high-volatility crypto investment vehicle.
CompanyBTC HoldingsInvestment StrategyMicroStrategy (MSTR)Largest corporate holderIssuing equity and debt to fund BTC purchasesCohort (average S&P 500 firm)Minimal or noneDiversified, not crypto-focusedCalacanis remains skeptical despite tech backgroundDespite a track record of investing in technology firms at early stages, Calacanis has maintained a cautious stance on Bitcoin and the wider cryptocurrency sector. His skepticism intensified after the collapse of FTX in 2022, when he pointed to widespread speculation and weak governance as persistent industry issues.
During that period, Calacanis called for stronger regulatory oversight and emphasized the need to distinguish between sound blockchain applications and the proliferation of risky tokens.
Recently, he has been vocal about MicroStrategy’s financial model, warning that the company’s heavy reliance on financial instruments to accumulate Bitcoin could pose risks to investors. He has encouraged market participants to buy Bitcoin directly rather than invest through MSTR shares.
At times, Calacanis described MicroStrategy’s approach as a “stunning pyramid scheme,” underscoring his concern about the sustainability and transparency of its financing structure.
He suggested that the actions of one high-profile executive and a single company should not define the future of Bitcoin, particularly as retail investors increasingly seek exposure to other innovative ventures like SpaceX, OpenAI, and Anthropic.
As discussions continue within the cryptocurrency industry, Calacanis’s remarks highlight an ongoing debate over corporate involvement and its influence on Bitcoin’s reputation and price stability.
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.
The trust behind reimbursing creditors with ties to defunct cryptocurrency exchange FTX announced that its next distribution of funds would start on July 31.
In a Friday notice, the FTX Recovery Trust and crypto exchange said that they would distribute about $900 million to claimants in the recovery plan’s “convenience and non-convenience classes.” Eligible creditors can receive funds through their BitGo, Kraken or Payoneer accounts within one to three business days starting from July 31.
The distribution will mark the fifth round of attempts of repaying FTX’s creditors. Convenience claims under $50,000 will receive a 120% reimbursement under FTX’s recovery plan, while others will receive between a 103-105% distribution.
Source: Sunil Kavuri
Following a March distribution of $2.2 billion, the trust has paid out about $10 billion since the company filed for bankruptcy in November 2022 amid a crypto market downturn that resulted in many exchanges filing for Chapter 11 protection. Former FTX executives including CEO Sam “SBF” Bankman-Fried and Ryan Salame, the co-CEO of FTX’s Bahamian affiliate, are still in federal prison as part of their role in the exchange’s misuse of customer funds.
In May, the law firm Fenwick & West, which advised FTX before its collapse, agreed to pay $54 million to settle a class action lawsuit filed by former users. A group of 20 FTX users sued the law firm for $525 million just days earlier.
Presidential pardon looking less likely for former FTX CEOBankman-Fried, who pleaded not guilty to criminal charges related to his role in the misuse of customer funds at FTX, was found guilty and sentenced to 25 years in prison in 2024. His appeal for his conviction and sentence was denied last month after a federal court upheld the New York court ruling.
However, even before the appellate court ruling became public, Bankman-Fried applied for a pardon from Donald Trump, something the US president said in a January interview that he did not plan on granting. Despite the statement from Trump, this week the US Senate unanimously adopted a resolution opposing clemency for the former FTX CEO.
The measure can’t stop Trump from issuing a pardon but reflected bipartisan opposition to the president granting clemency to a convicted felon. Many lawmakers have criticized the president issuing a pardon for former Binance CEO Changpeng Zhao after a UAE entity invested $2 billion into the crypto exchange using a stablecoin issued by the Trump family business, World Liberty Financial.
Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The trust behind reimbursing creditors with ties to defunct cryptocurrency exchange FTX announced that its next distribution of funds would start on July 31.
In a Friday notice, the FTX Recovery Trust and crypto exchange said that they would distribute about $900 million to claimants in the recovery plan’s “convenience and non-convenience classes.” Eligible creditors can receive funds through their BitGo, Kraken or Payoneer accounts within one to three business days starting from July 31.
The distribution will mark the fifth round of attempts of repaying FTX’s creditors. Convenience claims under $50,000 will receive a 120% reimbursement under FTX’s recovery plan, while others will receive between a 103-105% distribution.
Source: Sunil Kavuri
Following a March distribution of $2.2 billion, the trust has paid out about $10 billion since the company filed for bankruptcy in November 2022 amid a crypto market downturn that resulted in many exchanges filing for Chapter 11 protection. Former FTX executives including CEO Sam “SBF” Bankman-Fried and Ryan Salame, the co-CEO of FTX’s Bahamian affiliate, are still in federal prison as part of their role in the exchange’s misuse of customer funds.
In May, the law firm Fenwick & West, which advised FTX before its collapse, agreed to pay $54 million to settle a class action lawsuit filed by former users. A group of 20 FTX users sued the law firm for $525 million just days earlier.
Presidential pardon looking less likely for former FTX CEOBankman-Fried, who pleaded not guilty to criminal charges related to his role in the misuse of customer funds at FTX, was found guilty and sentenced to 25 years in prison in 2024. His appeal for his conviction and sentence was denied last month after a federal court upheld the New York court ruling.
However, even before the appellate court ruling became public, Bankman-Fried applied for a pardon from Donald Trump, something the US president said in a January interview that he did not plan on granting. Despite the statement from Trump, this week the US Senate unanimously adopted a resolution opposing clemency for the former FTX CEO.
The measure can’t stop Trump from issuing a pardon but reflected bipartisan opposition to the president granting clemency to a convicted felon. Many lawmakers have criticized the president issuing a pardon for former Binance CEO Changpeng Zhao after a UAE entity invested $2 billion into the crypto exchange using a stablecoin issued by the Trump family business, World Liberty Financial.
Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?
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.
TLDR: The FTX repayment will distribute approximately $900 million on July 31 to eligible creditors meeting all verification requirements. Dotcom and United States customer claims will reach cumulative recoveries of 105% under the fifth bankruptcy distribution. General unsecured and digital asset loan claims will reach 103%, while Convenience Claims will receive cumulative recoveries of 120%. Preferred equity holders will separately receive $18 million, raising total payments from their remission trust to $95 million. FTX will begin its fifth creditor distribution on July 31, paying approximately $900 million under its confirmed restructuring plan. The FTX repayment covers eligible Convenience and Non-Convenience claim holders who met the June 16 record date requirements.
Recipients should receive their money through BitGo, Kraken or Payoneer within one to three business days. FTX confirmed that claimants must complete identity checks, tax documentation, and provider onboarding before receiving payments.
The latest bankruptcy distribution continues a repayment process that began after FTX’s Chapter 11 reorganization became effective. Several claim classes will now receive cumulative distributions exceeding their allowed bankruptcy values.
FTX announced it will begin its Fifth Distribution of ~$900 million on 7/31/26 to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements.
— FTX (@FTX_Official) July 17, 2026
However, those values remain based on cryptocurrency prices around FTX’s November 2022 collapse. Creditors therefore receive additional cash above approved claims, but not the full gains produced by the later cryptocurrency recovery.
FTX Repayment Raises Recoveries Across Creditor Classes Allowed Dotcom Customer Entitlement Claims will receive an additional distribution equal to 9% of approved claim values. This payment raises their cumulative recovery to 105%.
United States Customer Entitlement Claims will receive another 5%, also increasing their total recovery to 105%. General Unsecured Claims and Digital Asset Loan Claims will each receive an additional 3%.
Those two groups will reach cumulative distributions of 103% following the FTX repayment. Convenience Claims will receive cumulative recoveries of 120%, according to the official payment schedule.
Actual percentages may vary slightly because of rounding and individual claim calculations. FTX plans to file detailed distribution figures with the bankruptcy court after the July 31 payment date.
Eligible FTX creditors previously selected a distribution provider through the customer claims portal. Their choices include BitGo, Kraken and Payoneer, depending on their location and account eligibility.
Selecting a provider directs FTX to send the cash payment directly to that company. Creditors must then contact their selected provider regarding account access or the availability of transferred funds.
Future payments will only cover claims recorded as allowed before the relevant record date. Transferred claims must also appear on the official register after the required objection period expires.
FTX Repayment Includes Preferred Shareholder Payment FTX will make a separate $18 million payment to eligible preferred equity holders on July 31. That payment will come from the Preferred Shareholder Remission Fund Trust.
The second preferred payment will raise total distributions from the trust to $95 million. Eligible holders must have qualified by the June 16 preferred record date.
Institutions receiving preferred payments must onboard with BitGo. Individual preferred shareholders must use Payoneer and complete the required consent documents.
Additional requirements include ownership certification, identity verification, and completed tax forms. FTX began contacting possible preferred equity holders in January 2026.
The FTX repayment announcement follows a fourth distribution of approximately $2.2 billion completed during March. The estate has continued releasing funds as claims become allowed and reserves are adjusted
FTX previously proposed reducing its disputed claims reserve by about $600 million, from $2.4 billion to $1.8 billion. The planned reduction could release additional cash for approved claims under the bankruptcy distribution process.
The estate also repeated its warning about fraudulent emails and imitation claims websites. FTX said it will never request customers to connect cryptocurrency wallets when processing payments.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Polymarket’s probability of the CLARITY Act passing this year has fallen to 32%, hitting an all-time low.
As the U.S. Senate remains deadlocked over the CLARITY Act, prediction market Polymarket has slashed the probability of the bill being passed by the end of 2026 to 32%, the lowest level since the platform launched in January this year. Data shows this probability has dropped by roughly 30 percentage points from the market’s launch, and plummeted sharply from the 82% peak hit in February this year. Market participants believe that with the Senate’s legislative schedule tightening and bipartisan support still unachieved, the likelihood of the bill passing this year continues to decline. Reports indicate that the biggest sticking point right now is that the two parties have yet to reach an agreement on ethics provisions related to conflicts of interest for government officials involving digital assets. Democratic Senator Ruben Gallego previously stated clearly that he would not support the bill in Senate votes if it does not include the bipartisan-backed ethics provisions. The CLARITY Act aims to establish a regulatory framework for the U.S. digital asset market and clarify the jurisdictional boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Multiple industry stakeholders testified at a House of Representatives hearing that the bill would help end "regulation by enforcement" and provide long-term, stable regulatory rules for the digital asset sector. As the U.S. Congress heads into its August recess, market expectations for the bill to be enacted into law this year are continuing to cool.
12 minutes ago
An address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million.
According to monitoring by crypto analytics account Ai Yi, an address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million. The address received 150 million ONDO from the Ondo team’s multi-sig address on June 23, held the tokens for nearly a month, and transferred a portion to Coinbase 11 hours ago. The operation follows a similar pattern to prior moves: team address transfer → address holding → transfer to exchange platform, though the specific purpose of this action remains unclear.
12 minutes ago
Claude Fable 5 will not be discontinued, and has officially remained in the premium subscription tier.
Anthropic announced that Claude Fable 5 will be officially included in its Max and Team Premium plans starting July 20. Users can allocate up to 50% of their plan credits to Fable 5, with no temporary deadline imposed. Pro and Team Standard users will still need to access Fable 5 on a pay-as-you-go basis, and Anthropic will grant these users a one-time $100 credit. When Fable 5 launched, Anthropic only committed to offering free access to the model until June 22. The model was later suspended due to U.S. export controls; after resuming on July 1, the plan access window was extended from July 7 to July 12, then to July 19. Anthropic has consistently stated that demand is unpredictable, requiring gradual increases in computing power. This timing is hard not to link to Kimi K3, which has recently matched or surpassed Fable 5 in multiple programming and agent benchmarks, with some tasks even outperforming it. Competitive pressure may have accelerated Anthropic’s decision, though no direct evidence exists to confirm this.
12 minutes ago
Alibaba releases Miaowu Team Edition, an enterprise-level AI application creation platform.
At the 2026 World Artificial Intelligence Conference (WAIC), Alibaba unveiled Meoo Team, the enterprise team edition of its Miaowu enterprise-grade AI application creation platform. Its core capabilities include unified identity management, unified procurement and quota control, fine-grained permission management, and team asset sharing, among others. Meoo Team is designed to address key challenges enterprises face in AI creation, such as resource coordination, permission allocation, and asset ownership, while enhancing collaboration efficiency for teams across e-commerce, content creation, product operations, marketing, finance, education, and other fields.
12 minutes ago
Crypto whale, following the strategy of "setting 10 major targets first", again goes long on BTC, accumulating $3.94 million in profit over the past month.
According to monitoring by crypto analytics account Ai Yi, whale trader alias "Set 10 Big Goals First" posted early this morning that he has opened a long position of 69.4 BTC, valued at roughly $4.43 million, with an entry price of $63,827.06. Ai Yi notes the position was built during Bitcoin’s early-morning rally and is likely only an initial entry. Data indicates that since June 25, Jason’s three BTC long trades each exceeded $200 million in size, generating cumulative profits of approximately $3.94 million.
12 minutes ago
A crypto whale has added 1001 BTC to its holdings once more; last year, it purchased over $290 million worth of Bitcoin via over-the-counter (OTC) trades.
According to monitoring by Onchain Lens, a whale address that previously accumulated over $290 million worth of Bitcoin through Galaxy Digital last year has added to its holdings, receiving 1001 BTC valued at approximately $64 million. The relevant addresses include the main wallet bc1qexplq4mlp7umxavr2qceaqzc2w8fzc9enpty55 and its associated address 39aNzneDLY6oHifvRpxwXaeCPkP9gcZxNx.
The boundaries between a crypto card and a DeFi yield aggregator are dissolving. Plasma One has introduced a stablecoin account that marries fee-free USDT spending with a cashback token and yield sourced directly from Aave, the largest lending protocol in decentralized finance.
According to the product launch details, the offering includes three membership tiers—Lite, Core, and Platinum—each unlocking higher XPL cashback rates on card transactions. The account is built around USDT0, a wrapped version of the USDT stablecoin that taps into Aave’s yield-generating markets. Plasma One is clear that it does not operate as a bank and that none of the balances enjoy deposit insurance protections. Yields are not fixed; they mirror the fluctuating rates on Aave’s lending pools.
How the Tiered Structure Works Users can earn XPL rewards on everyday spending while their idle stablecoins sit in Aave earning interest. The Lite tier is designed for casual users, offering a basic cashback percentage. Core and Platinum tiers raise the reward rate and bundle additional benefits, though specifics were not broken down in the initial material. The structure encourages users to hold more XPL or lock in higher deposits to climb tiers, creating an internal token economy that rewards loyalty.
Unlike a traditional bank account, the yield component comes entirely from decentralized finance. Plasma One routes deposits into Aave’s USDT0 market, which has historically offered annualized yields that range widely depending on supply and demand for stablecoin borrowing. During periods of high lending demand on Aave, yields can spike; when liquidity is flush, returns compress. This variability makes the product resemble a hybrid between a checking account and a liquidity provision strategy.
The Yield and the Risk The absence of deposit insurance is the most obvious difference from conventional banking. Plasma One explicitly warns that customer funds are not protected by any government-backed scheme. In practice, users bear smart contract risk from Aave, the custodian managing the card and wallets, and any bridges or wrapping mechanisms used to convert USDT into USDT0. While Aave has undergone multiple security audits and manages billions in total value locked, no DeFi protocol is immune to exploits or cascading liquidations.
This setup arrives at a time when regulators in the U.S. and elsewhere are wrestling with how to classify yield-bearing stablecoin products. A major crypto market structure bill is facing last-minute opposition from traditional banks, threatening the legislative clarity that would define which federal agency oversees products like Plasma One’s account. Without that framework, the offering occupies a grey zone—too crypto-native for banking regulators and too bank-like for securities regulators to ignore indefinitely.
Stablecoin Adoption Meets DeFi Distribution Plasma One’s move reflects a broader shift in how stablecoin issuers and fintech platforms are integrating DeFi rails. Rather than building proprietary yield strategies in the background like centralized lenders once did, newer products are simply surfacing on-chain money markets directly to consumers. This approach is more transparent—users can verify on-chain where yield comes from—but it also exposes them more directly to protocol-level risks that were previously hidden inside companies like Celsius or BlockFi.
The product also underscores the evolution of stablecoins from a trading-settlement instrument into a medium of exchange with built-in rewards. As card networks, payment processors, and mobile wallets support stablecoin transactions, accounts that merge spending with yield could attract users who would otherwise park funds in low-interest traditional accounts. However, the lack of deposit insurance remains a psychological hurdle for mass adoption.
The tokenized asset ecosystem is expanding rapidly. In just one week, the total value of real-world assets on-chain crossed $20 billion, driven by treasury tokenization and institutional settlement. Stablecoin accounts that route yield through protocols like Aave fit squarely into that trend, serving as a retail-facing distribution channel for on-chain fixed-income products.
The on-chain layer benefits from blockchains that continue to attract the highest developer activity. Ethereum and Polygon, for example, consistently top weekly rankings, which supports the security and innovation of the DeFi protocols that Plasma One relies upon.
What Comes Next Market observers will be watching whether Plasma One’s tiered rewards model can generate enough swipe volume and deposit stickiness to sustain the XPL token economy. The variable nature of Aave yields means the account competes not only with traditional savings accounts but also with other DeFi yield products that may offer higher returns for similar risk. Much depends on how the company curates the user experience—if depositing and spending feel close to a regular bank app, the lack of deposit insurance may fade for a segment of crypto-native consumers.
Still, the product exemplifies the ongoing convergence of fintech and DeFi, where a card, a token, and a money market are packed into one interface. The lack of a regulatory safety net is both a feature and a warning. While Plasma One is not a bank, its success or failure will be closely scanned by lawmakers weighing how to govern the next generation of stablecoin-powered financial products.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
A new proposal, Solstice, aims to make one of the most significant changes to Filecoin’s reward system since the network launched. It would reshape how storage providers earn rewards and how the network supports services that bring paying customers and data to Filecoin.
The basic idea is straightforward: instead of requiring providers to complete a special approval process to earn higher rewards, network consensus providers would receive full rewards automatically. At the same time, a portion of block rewards would be programmatically directed toward the services that attract customers, onboard data, and work directly with storage providers.
The Filecoin Improvement Proposal (FIP) 0118 is still a draft and is open for community feedback at: Create fip 0118-solstice.md by irenegia · Pull Request #1270 · filecoin-project/FIPs
Background on the Current System Today, Filecoin uses a program called Filecoin Plus, or Fil+. The original goal was to reward storage providers for storing useful, verified data rather than simply adding empty capacity to the network.
In practice, Fil+ has introduced a significant amount of operational overhead. To qualify for enhanced rewards, clients need to apply for datacap, which acts as a credit confirming that their data is legitimate. That process involves reviews, approvals, and compliance checks.
Over time, this has made the onboarding sectors pipeline slower and more complex. It has also created opportunities for gaming. The FIP 0118 argues that Fil+ verification has become a weak signal of useful data, so rewards do not always reach the storage providers creating the most value for the network.
Solstice builds on what Fil+ set out to do, rewarding useful storage, and replaces the verification step with a direct signal of customer activity: onchain payment volume. It supports both sides of the marketplace. Storage providers keep earning block rewards for securing and supplying storage, while a share of rewards goes to the services bringing paying customers to the network.
What Would Change The proposal introduces two major changes.
First, the Fil+ system would be removed. Every new sector onboards on equal footing, earning consensus rewards in proportion to the storage it commits, with no verified and unverified tiers. Existing sectors keep their current power and terms.
Second, a portion of Filecoin's block rewards would automatically be redirected to fund services that help drive paid network usage. Today, block rewards go entirely to the storage provider that wins the block. Under Solstice, part of that reward would instead go to a new role in the network, Service Orchestrators, who are responsible for bringing paying customers to the Filecoin network.
In simple terms, miners continue earning rewards for providing consensus and securing the storage network, while a portion of rewards would also fund the sales, service, and integration layer that brings more paying customers to the network. More demand means more value flowing to the providers already serving it.
The Opportunity for Storage Providers The timing of this proposal matters as much as the mechanics. Several forces are converging in the broader market right now, that point toward exactly the kind of infrastructure Filecoin storage providers have already built.
Data growth is outpacing centralized infrastructure. AI, enterprise, and machine-generated workloads are driving demand beyond available cloud capacity and into new geographies, while power grid constraints delay roughly one fifth of planned data center development. The same AI adoption is also shifting what buyers need from storage: verifiability, provenance, and durability, not capacity alone. Filecoin answers both. Its global network of independent providers added more than 59 PiB of raw storage in a single day, and its cryptographic proofs verify what is stored and that it stays stored.
These trends are already producing real deals. Aurora, an SP, is deploying Filecoin-powered storage across 100 megawatt AI compute data centers in Europe, built for multi-petabyte workloads. 375ai and Akave, another SP using Filecoin, with edge infrastructure across more than 40,000 retail, industrial, and logistics locations in the United States, is using Filecoin backed storage as the durability layer for its verifiable AI data pipeline.
What Solstice does is give the network, for the first time, a protocol level mechanism to reward the service layer that captures this demand. The service stream creates funding that rewards one measurable thing: bringing paying customers to Filecoin and routing their workloads to storage providers. For storage providers, that means the go-to-market work gets done by specialists at scale, keeping them focused on operating their infrastructure, and subsidized by the block reward.
For more on the macro tailwinds shaping this moment, see: Why Macro Trends Are Moving in Filecoin's Favor.
Governance Tiers and Functions Solstice introduces two new governed contracts, the Stream Weights Actor and the Service Rewards Actor, that parameterize the built-in reward actor (f02), which does the actual splitting.
Stream Weights Actor (SWA). The SWA controls how each block reward is divided among streams. At launch there are two: the consensus stream, paid to the winning miner each epoch, and the service stream, paid to registered Orchestrators. The SWA manages the weight schedule: consensus share ramps from 95% down to a 50% floor, and service share steps up from 5% in 5 percentage point increments, but only when quarterly on-chain Filecoin Pay volume clears a verifiable USD target. Whatever share leaves consensus but has not been earned by the service stream is burned. Every discretionary SWA change requires a published FIP, sign-off from both Safes operating the first decision-making surface, and a seven day hold enforced at the L1. f02 itself queues and delays the write, so no weight can shift without the community having time to see and object. Gate step-ups are mechanism-executed and not cancellable.
Service Rewards Actor (SRA). The SRA determines how the service stream is split among registered Orchestrators. Each quarter it computes each Orchestrator's share from their verified Filecoin Pay volume and writes the wallet-to-share map directly into f02, which pays each Orchestrator wallet every epoch. The SRA never holds funds and is never on the value path. It also maintains the Orchestrator registry: which entities are admitted, which (payer, operator) pairs are attributed to each Orchestrator, and which stablecoin and Filecoin Pay contract addresses count toward volume. Registry changes require both Safes operating the second decision-making surface and a cancellation hold, but no FIP.
Service Orchestrators. Orchestrators are the registered entities whose on-chain payment activity drives the service stream. Their protocol interaction is narrow: they register the (payer, operator) pairs whose Filecoin Pay volume counts toward them, post their quarterly volume figure to the SRA in stablecoin and FIL components recomputable by anyone from public settlement events, and receive their share of the service stream each epoch directly from f02. They are not a decision-making surface. At launch a single Orchestrator is registered; the second decision-making surface can admit more over time, with permissionless registration as the Phase 2 goal.
Together: f02 splits every block reward by the current weights; the SWA sets those weights and governs when the service share can grow; the SRA determines how that share is divided based on measured volume; and Orchestrators generate the client demand that justifies the funding increasing over time.
What This Means for Storage Providers Storage providers are the direct beneficiaries as Filecoin’s service economy grows. The shift Solstice makes is about accelerating the demand side of the network that makes providing storage capacity on the network highly attractive.
The most significant community-advocated change is that the Fil+ system goes away. No more datacap applications, allocator reviews, or compliance overhead. Every sector onboards on equal footing with full rewards from day one. For providers who have spent years navigating that pipeline, this alone is a meaningful operational improvement.
The bigger opportunity is what the service stream funds. As that client pipeline grows, so do the deals and direct revenue storage providers earn from serving real customers. Revenue for storage providers increases because paying customers are coming to the network.
For providers running newer storage proof systems; such as Proof of Data Possession (PDP) for hot data and retrieval workloads; Solstice removes a meaningful barrier. Service funding is not tied to any specific proof system. Whether a storage provider runs PoRep, PDP, or whatever the market demands, the incentive structure accommodates it.
At launch the service portion is 5% of each block reward, with 95% flowing directly to miners as the consensus share. Over roughly nine quarters the consensus share steps down on a published schedule toward a 50% floor, opening up more room for service funding. That room does not fill automatically: the service portion steps up only when payment volume flowing through Filecoin Pay clears a verifiable on-chain target for that quarter. When the target is met the step-up executes automatically, no governance approval required. When it is not, the service portion holds and the gap is burned, permanently removing those tokens from supply.
This means the burn rate is directly tied to revenue: as the network wins more real paying business, more of the issuance flows to service funding and less is burned. Every step up is therefore evidence that the revenue opportunity for SPs is growing alongside it, and every missed step tightens supply instead of distributing funds the network has not yet earned.
Read the full proposal at Create fip 0118-solstice.md by irenegia · Pull Request #1270 · filecoin-project/FIPs. The discussion is open until later this month. After the feedback period, the authors will incorporate community input into the draft and progress through the FIP process.
@Uniswap recorded $16.6 billion in trading volume over the past seven days, more than the next four decentralized exchanges combined, according to DefiLlama data. The figure cements its position as the dominant force in decentralized trading by a margin that rivals struggle to meaningfully close.
The Rankings at a Glance@PancakeSwap holds second place with $3.79 billion in weekly volume, followed by @Pumpfun at $2.64 billion, @AerodromeFi at $2.5 billion, and @ManifestTrade at $1.11 billion. Combined, those four protocols account for roughly $10 billion, still well short of Uniswap's single-protocol total. Across the top five, @Uniswap commands approximately 62% of all volume.
What makes the gap more striking is the structural context. @Uniswap operates across 47 chains, giving it a breadth that few protocols can match. @AerodromeFi and @Pumpfun each run on a single chain and still managed to crack the top four, a sign that concentrated liquidity and strong product-market fit can carry significant weight even without multi-chain reach.
A Growing Market, One Clear LeaderTotal DEX volume across all protocols rose 7.41% on the week, pointing to broad-based growth rather than a simple shift of liquidity toward Uniswap. Protocols like Uniswap that operate across multiple contract versions, such as V2, V3, and V4, typically report aggregate figures combining activity across all active deployments, which contributes to the scale of its headline number.
Platforms like DefiLlama provide near-real-time aggregation across hundreds of protocols simultaneously, making the weekly rankings one of the most closely watched indicators of momentum in decentralized finance. Each trade recorded in DEX volume represents real capital committed to a swap, and unlike centralized exchange volume, which can include synthetic or wash-traded activity, DEX volume reflects genuine on-chain economic activity.
The concentration of volume at the top of the DEX rankings raises a straightforward question for the rest of the market: with @Uniswap entrenched across nearly every major chain and its multi-version architecture drawing liquidity at scale, closing that gap will require more than incremental improvements from challengers.
Sources
DefiLlama: DEX Volume Rankings
The Block: DEX Analytics and Market Share
Soccer’s biggest prize is getting a very American upgrade. FIFA announced that the winner of the 2026 World Cup final will receive championship rings, the kind of hardware previously reserved for Super Bowl champions and NBA title-holders. It marks the first time in FIFA’s history that the organization has issued rings for its world champions, and the timing is not subtle: the final is being played at MetLife Stadium in New Jersey, the same building that hosted Super Bowl XLVIII.
Spain and Argentina meet in the final on July 19, and beyond the trophy, the winning squad and staff will receive 30 custom-made rings. The remaining 1,996 rings, part of a total production run of exactly 2,026 pieces in a nod to the tournament year, will be sold as licensed replicas to fans willing to pay for a piece of history.
The ring itself, and what FIFA is actually selling The design features the World Cup trophy on one face, with team-specific engravings on the opposite side. A temporary ring will be presented to the winning captain and coach immediately after the final whistle.
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The fan replica program produces 1,996 purchasable rings, creating artificial scarcity around what is essentially licensed merchandise. Whether those rings hold resale value depends almost entirely on which team wins, a dynamic that makes the Argentina vs. Spain matchup financially consequential for ring buyers in a way that goes beyond pure fandom.
FIFA’s crypto infrastructure is bigger than the rings Kraken, the crypto exchange, was announced as the official cryptocurrency exchange supporter of the 2026 World Cup on June 9, 2026. The partnership includes fan activations and promotions across North America and Europe.
Avalanche’s blockchain underpins FIFA’s custom blockchain platform, which has already issued over 100,000 ticket rights generating more than $25 million in volume. FIFA used blockchain-based ticketing specifically to address scalping, putting verifiable ownership on-chain so that resale activity becomes traceable and controllable.
The memecoin problem, and what it means for crypto investors Predictably, the tournament has also spawned a wave of unofficial tokens. WORLDCUP, W26, and national team tokens including ARG have launched in the buildup to the final. None of these have any affiliation with FIFA, Kraken, or any official tournament entity.
For investors, the risk profile here is straightforward. Official partners like Kraken have regulatory standing, balance sheets, and reputational skin in the game. Unofficial tokens have none of those things, and the pseudonymous teams behind them face essentially no consequences for exit-scamming a community that formed around a soccer tournament.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In Lima’s sprawling Gamarra textile district, vendors can barely keep up with demand for Argentina and Spain national team jerseys ahead of the 2026 FIFA World Cup final. Replica shirts are selling for as little as 28 soles, roughly $7.50 USD, in what amounts to a ground-level indicator of just how much commercial energy a single soccer match can generate.
The final between Argentina and Spain is set for July 19, 2026, at MetLife Stadium in New York/New Jersey.
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Gamarra’s jersey economy meets FIFA’s digital ambitions Local vendors are offering cotton-blend jerseys starting at 28 soles per unit, with bulk pricing dropping to around 26 soles. Customization is part of the pitch, with sellers inviting buyers to send designs via WhatsApp for personalized shirts.
Argentina and Spain have emerged as the top-selling teams not just in Gamarra but globally, with millions of jerseys moving during the tournament cycle.
FIFA Collect and the Avalanche connection FIFA Collect, the governing body’s digital collectibles platform, is built on Avalanche blockchain technology. The platform enables fans to buy, sell, and trade NFTs tied to World Cup moments, players, and memorabilia. The platform has introduced “Right-to-Buy” digital tokens that grant holders priority access to purchase match tickets.
The selection of Kraken as the official crypto exchange partner for the tournament adds another layer. Kraken’s role extends beyond branding, positioning the exchange as the default on-ramp for fans who want to participate in FIFA’s digital economy.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
France and England will square off on July 18 at 16:00 local time in Peru for the FIFA World Cup 2026 third-place match. Two European heavyweights, both bounced from the semifinals, both looking to salvage some silverware from a tournament that almost went their way.
Spain eliminated France. Argentina knocked out England.
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Crypto’s seat at the World Cup table Kraken became the Official Crypto Exchange Supporter of FIFA for the 2026 World Cup, a first in the tournament’s history. Avalanche powers the FIFA Collect platform, which handles digital collectibles and NFT-based ticketing for the tournament. Chainlink’s oracle technology feeds real-time data into prediction markets for every World Cup match. The ADI Predictstreet platform relies on Chainlink oracles to settle outcomes, making sure that when someone bets on France to win, the result is verified on-chain without a middleman calling the shots.
Prediction markets are having their moment The France-England matchup has already lit up Polymarket, which features dedicated markets for the third-place clash. France is listed as a slight favorite, which tracks given their deeper recent World Cup pedigree. As teams advanced through the knockout stages, trading activity on platforms like Polymarket surged in direct correlation with the tournament’s drama.
Fan tokens and the Chiliz effect Chiliz, the blockchain platform that pioneered the concept of tokenized fan engagement, has seen increased trading activity tied to World Cup sentiment. Fan tokens let supporters vote on minor club decisions, access exclusive content, and signal allegiance in a way that’s both financial and cultural.
What this means for investors The crypto assets most directly exposed to this World Cup cycle are AVAX, LINK, and CHZ. AVAX gets a boost from the FIFA Collect platform’s usage. Every digital collectible minted, every NFT ticket scanned, adds transaction volume to the Avalanche network. LINK’s value proposition here is more structural — the World Cup demonstrates Chainlink’s ability to handle high-profile, time-sensitive data feeds at scale. Kraken’s FIFA sponsorship places a crypto exchange alongside traditional sponsors like Coca-Cola and Adidas on FIFA’s official partner list.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The streets of Mataró, a neighborhood in the Barcelona region, are buzzing. Their kid, Lamine Yamal, is about to play in a World Cup final. And somewhere on the Solana blockchain, opportunistic token creators are buzzing too, for entirely different reasons.
Spain’s matchup against Argentina in the 2026 FIFA World Cup final has turned Yamal into the story of the tournament. A teenage winger going head-to-head with Lionel Messi on the biggest stage in football.
From the pitch to the blockchain Multiple unofficial tokens trading under variants of the $YAMAL ticker have appeared on Solana, riding the wave of excitement around Spain’s World Cup run. None of them are endorsed by Yamal, FC Barcelona, or the Spanish Football Association.
Their market caps tell the story. We’re talking roughly $1.8K to $5K per token. The liquidity is essentially nonexistent, meaning anyone who buys in could find it nearly impossible to sell without taking a significant loss.
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The neighborhood that raised a star Yamal has led the tournament’s knockout stage in dribbles, a stat that captures his playing style perfectly.
The World Cup final pits him directly against Messi, who spent over two decades at FC Barcelona, the same club where Yamal now stars. A viral photo from years past showing a young Yamal in Messi’s arms adds a full-circle dimension that football fans have widely noted.
For Mataró, this is a community moment. Residents who watched Yamal grow up are seeing one of their own compete at the highest level of the sport.
Why crypto traders should care (and be careful) The unauthorized $YAMAL tokens are worth examining because they represent a persistent and growing phenomenon at the intersection of sports culture and speculative crypto trading.
The infrastructure for launching tokens on Solana has become so frictionless that anyone can spin up a new coin in minutes. It means the gap between a viral sports moment and a potential rug pull is measured in hours, not days.
The absence of any official digital asset from Yamal, Barcelona, or the Spanish national team is telling. No official digital assets or tokens linked to Yamal or FC Barcelona have been announced, highlighting the purely community-driven nature of these tokens.
For retail traders tempted by these micro-cap tokens, the math is brutal. With market caps in the low thousands, even a modest buy order can spike the price, creating the illusion of momentum. But there’s no one on the other side of that trade when you want to exit.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ETRADE from Morgan Stanley (NYSE:MS) has officially enabled direct cryptocurrency trading, allowing eligible U.S. clients to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) within their brokerage accounts.
This launch integrates digital assets seamlessly alongside traditional holdings such as stocks, ETFs, and mutual funds, marking a significant expansion of retail access through a trusted Wall Street platform.
Clients link a dedicated zerohash-powered crypto account to their existing ETRADE brokerage account (or open both together). Funds move automatically between the accounts to support trades, eliminating the need for separate transfers in most cases.
The service supports 24/7 trading on the ETRADE website and mobile app, with market and limit orders available. Power E*TRADE platforms will gain support soon.
Pricing emphasizes competitiveness: a flat 0.50% (50 basis points) commission on the notional trade value, with no additional spreads or markups.
This structure positions E*TRADE favorably against many standalone crypto platforms.
Minimum trade size starts at $10 and goes up to $500,000 per transaction.
Users can specify amounts in USD or coin quantity (including fractions up to eight decimal places).
The offering relies on zerohash for execution, liquidity, and secure custody, while E*TRADE handles the client-facing experience. zerohash maintains high security standards, including encryption and vulnerability programs, though crypto holdings fall outside traditional FDIC or SIPC protections and carry distinct regulatory considerations.
A 1099-DA form will report tax information. This rollout builds on Morgan Stanley’s broader digital asset strategy. The firm has offered crypto-related products to wealth management clients for years and recently introduced its own spot Bitcoin ETF.
Future enhancements may include crypto transfers into accounts and deeper wallet functionality.
Educational resources from Morgan Stanley experts, covering market insights, long-term Bitcoin scenarios, and risk management, accompany the launch.
For retail investors, the primary appeal lies in convenience and familiarity. No separate exchange login is required, and portfolios can be viewed holistically through tools like Total Wealth View.
This approach lowers entry barriers for traditional investors exploring cryptocurrencies while maintaining regulatory oversight. Availability is open to US-based clients meeting standard account requirements, though state-specific details align with applicable regulations.
The launch reflects growing institutional integration of digital assets into mainstream finance.
By combining E*TRADE’s robust platform with zerohash’s specialized infrastructure, Morgan Stanley aims to meet rising client demand while competing directly in the retail crypto space.
As adoption evolves, additional tokens and features could further expand the ecosystem. This development reinforces the maturing convergence of traditional brokerage services and cryptocurrency markets, offering a regulated, user-friendly gateway for diversified investing.
Overlooking Long-Term FactorsIn an interview with "When Shift Happened" on July 16, Mumtaz explained that the traders are overlooking developer activity, infrastructure upgrades and long-term network economics.
She added that crypto traders often judge projects through short-term price action while missing the businesses, products and technical improvements developing behind the scenes.
Solana as the Highest-Conviction PickMumtaz called Solana the "obvious choice" for developers building on-chain businesses because it combines speed, liquidity, infrastructure and a growing concentration of startups.
He described Solana as a "global Silicon Valley" where developers can launch payments, trading platforms, tokenized assets, collectibles and other financial applications.
Mumtaz said the network’s price decline has distracted traders from improving fundamentals, including record transaction activity, faster block times, higher network capacity and many more.
Trading firms, market makers and applications need SOL to compete for limited block space, execute time-sensitive trades, store data and open accounts across the network.
As activity grows, demand for those scarce network resources should also increase, he said.
Zcash Looks UndervaluedMumtaz described Zcash as a high-conviction privacy asset that investors overlooked when it traded near $18.
Its core investment case is simpler than Solana’s, he said. Zcash offers private digital money while allowing users to keep transactions transparent when desired.
Mumtaz argued privacy becomes increasingly valuable as governments expand financial surveillance, asset monitoring and restrictions on capital movement.
He also highlighted Zcash’s work on formal verification, which mathematically tests whether critical software performs as designed.
Near Protocol Offers Higher Risk, Asymmetric UpsideMumtaz said his conviction in Near remains lower than in Solana and Zcash, but he views the project as significantly undervalued relative to many cryptocurrencies ranked above it.
He pointed to Near co-founder Illia Polosukhin’s technical background, the network’s sharding architecture and its positioning across artificial intelligence and cross-chain infrastructure.
Mumtaz also praised the Near team’s operational execution, describing it as highly organized and capable of turning plans into working products.
However, he cautioned that Near still needs to attract more developers and businesses before reaching its potential.
Image: Shutterstock
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Solana (SOL), a leading high-performance blockchain developed for decentralized applications and crypto trading, is registering signs of a potential recovery after months of declining market sentiment. Improving activity in the decentralized derivatives sector is helping to boost confidence in the broader Solana DeFi ecosystem.
Key price levels and trading volumesSOL is currently priced at $74.61, with a 24-hour trading volume of $1.6 billion and a total market capitalization of $43.47 billion. The asset has seen a slight drop of 1.75% over the past day. Despite this, the price trajectory and heightened perpetual futures activity have led some analysts to anticipate a possible shift toward bullish momentum in the coming weeks.
Data from Crypto Rank suggests Solana could record its first positive monthly close since September 2025. If this trend holds, July would mark the end of a series of nine consecutive monthly losses for SOL, reflecting a turnaround in long-term investor sentiment.
In July so far, the price of SOL has risen over 3%, interpreted by market observers as a sign that selling pressure may be weakening. This recovery is attributed to increased interest among buyers and a cautious optimism among traders as July progresses.
Surge in decentralized derivatives activityPerpetual future exchanges, or perps, on Solana have surpassed $1 billion in daily trading volume, highlighting the growing depth and liquidity within the network’s derivatives market. Traders are reportedly attracted to Solana due to features such as quick transaction execution, ample liquidity, and lower costs in comparison with alternative blockchains.
The increase in perpetual futures trading not only points to heightened activity on chain but also underscores Solana’s role as a major DeFi platform focused on scalable decentralized applications.
Mini dictionary: Perpetual DEXs are decentralized exchanges that specialize in perpetual futures contracts, allowing users to trade derivative products with no expiry date directly on the blockchain.
MetricCurrent ValueChange/SignificanceSOL Price$74.611.75% decrease in 24 hours24h Trading Volume$1.6 billionHigh market activityPerpetual DEX 24h Volume$1 billion+Record daily volumeMarket Cap$43.47 billionTop 10 crypto by market capMonthly SOL price change (July)+3%First potential positive close since Sep 2025Path forward for Solana ecosystemAnalysts have stated that if this pattern of growing derivatives volume continues, Solana could see greater network adoption, stronger liquidity across protocols, and enhanced development for its expanding ecosystem.
Despite these promising signs, the SOL price has not fully reversed its downward trend, influenced partly by broader crypto market caution and Bitcoin’s recent price decline. Maintaining momentum through the end of July is seen as essential for confirming a broader bullish reversal for SOL after a prolonged period of losses.
Increased trading on perpetual decentralized exchanges reflects rising interest and liquidity, potentially boosting SOL’s price and benefiting the entire platform if current momentum carries through month-end.
The ecosystem may attract further traders and capital if recent growth in decentralized perpetual trading translates into sustained user activity. Market participants are watching to see if Solana’s renewed strength can overcome broader headwinds and mark the end of its extended downtrend.
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.
TLDR:Custody Framework And Settlement AccessSovereign Bond Structure And Broader ApplicationGet 3 Free Stock Ebooks BitGo Bank & Trust now offers qualified custody for USDM1, the first onchain sovereign bond USDM1 is backed 1:1 by US Treasuries and issued natively onchain by the Marshall Islands Go Network enables off-exchange settlement with T+0 timing across Stellar, Ethereum, and Solana Marshall Islands uses USDM1 to fund a 20-year Universal Basic Income program nationwide BitGo Bank & Trust will provide institutional-grade qualified custody and off-exchange settlement for USDM1, the first natively issued onchain sovereign bond. The Marshall Islands issued this dollar-denominated instrument, which is backed 1:1 by US Treasuries.
Institutional clients can hold USDM1 in regulated cold storage and use it for collateral and settlement through BitGo’s Go Network. The service spans Stellar, Ethereum and Solana networks.
Custody Framework And Settlement Access BitGo Bank & Trust operates as an OCC-regulated digital asset trust bank under BitGo Holdings, Inc. The bank now supports USDM1 within its qualified custody platform for institutional clients.
Segregated accounts, offline key management and institutional controls form the foundation of this custody structure. These features apply across all three supported blockchain networks.
BitGo announced the news in a post on X, describing USDM1 as the first natively issued onchain secured sovereign bond.
Today we're announcing institutional-grade qualified custody and off-exchange settlement for USDM1, the world's first natively issued onchain secured sovereign bond.
Institutional clients can hold this dollar-denominated sovereign bond in regulated custody on BitGo and use it…
— BitGo (@BitGo) July 17, 2026
The company stated that institutional clients can hold this dollar-denominated sovereign bond in regulated custody on BitGo and use it for collateral and settlement through BitGo’s Go Network. The post confirmed availability across the three supported networks.
Through the Go Network Off-Exchange Settlement solution, eligible clients can deploy USDM1 to connected trading venues.
This access operates continuously, with settlement completed on the same day trades occur. Assets do not need to move onto an exchange for this process to function.
This structure aims to reduce exposure during the trading day and lower settlement risk for institutions. It also targets a reduction in pre-funding requirements across trading and financing operations.
BitGo positions this setup as a way to improve capital efficiency for institutional clients working with digital assets.
Sovereign Bond Structure And Broader Application USDM1 was issued by the Republic of the Marshall Islands as a secured sovereign bond. The instrument follows a structure similar to a fully collateralized Brady bond under New York law. It is designed to accrue value daily, with minting and redemption tied to live signed price quotes.
Mike Belshe, CEO and co-founder of BitGo, addressed the announcement directly. He said USDM1 is “a different kind of asset – sovereign collateral with Treasury backing, built to fit how institutions already operate.” He added that custody access allows institutions to use the asset within infrastructure they already rely on.
Hon. David Paul, the Marshall Islands’ Minister of Finance, Banking and Postal Services, also commented on the partnership.
He noted that the government “truly appreciates BitGo’s partnership and is proud to see this infrastructure put to work built on trusted legal frameworks.”
He described USDM1 as anchored in the full faith and credit of the Marshall Islands government, secured by underlying US Treasury collateral.
Beyond institutional finance, the Marshall Islands has deployed USDM1 in a nationwide Universal Basic Income program.
The program distributes funds quarterly across more than 1,200 islands over a 20-year period. Financial institutions have also begun using USDM1 as a treasury instrument in daily operations.
Grayscale is turning its Solana staking ETF into something that actually pays you. The asset manager filed a prospectus supplement on July 17, 2026, outlining a Third Amended and Restated Trust Agreement for its Grayscale Solana Staking ETF, ticker GSOL, that introduces mandatory quarterly cash distributions of staking rewards to shareholders.
The amendment is expected to take effect on or around August 7, 2026. In plain terms: instead of staking rewards quietly accumulating inside the fund, Grayscale will now convert those rewards to cash and send the net proceeds to investors every quarter, or more frequently if it chooses.
## What the restructuring actually means
Here is how it works. GSOL stakes 100% of its SOL holdings, currently generating gross staking rewards of around 6.1% annually. Under the new structure, those rewards get liquidated to US dollars on a quarterly cadence, expenses and sponsor fees get deducted, and the remainder flows to shareholders as a cash distribution.
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The catch, and it is a real one, is that distributions are not guaranteed. The amounts will fluctuate based on actual rewards received, which means they move with Solana’s network conditions, validator performance, and the prevailing staking yield at any given time.
Grayscale also used the filing to lock in a fee structure it had already begun rolling out. Effective June 25, 2026, the sponsor fee dropped from 0.35% to 0.19%. More meaningfully, the staking fee, the cut Grayscale takes from gross rewards before passing anything along, fell from 23% to 7%.
At 23%, Grayscale was keeping nearly a quarter of every staking reward before expenses. At 7%, the fund retains far more of the yield it generates, making the cash distribution policy substantially more attractive than it would have been under the old terms.
## GSOL’s road from private placement to NYSE Arca
Grayscale launched GSOL in November 2021 as a private placement vehicle. It spent years trading over the counter before Grayscale uplisted it to NYSE Arca on October 29, 2025, giving retail investors proper exchange access.
The cash distribution policy follows a template Grayscale already tested with its Ethereum Staking ETF, which began distributing staking rewards as cash in January 2026.
## What investors should watch
GSOL is not the only Solana staking ETF on the market. The REX-Osprey SOL + Staking ETF, trading under the ticker SSK, has already been offering monthly distributions, giving it a cadence advantage over GSOL’s quarterly schedule.
The tax angle is also worth flagging. Grayscale explicitly notes in the filing that cash distributions carry tax implications, and the fund encourages investors to consult tax advisors. Cash distributions from a staking ETF are likely treated as ordinary income in most jurisdictions, which is a different outcome than holding unstaked SOL or a non-distributing staking product.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Summary SBI Ventures Asset acquired majority control of Coinhako on July 16. The deal is the fifth SBI digital-asset move in five weeks, alongside JPYSC, Bitbank, EDX Markets, and SBI Solana Global. JPYSC remains restricted to SBI VC Trade accounts with no external wallet access. The Bitbank acquisition still requires Japan’s Fair Trade Commission approval. SBI Ventures Asset Pte. Ltd. closed on a majority stake in Coinhako on July 16, folding Southeast Asia’s longest-running licensed crypto exchange into a Japanese financial conglomerate that already counts more than 14 million users across its brokerage, banking, and insurance arms. Taken on its own, the deal looks like a routine acquisition in a year full of them. Taken alongside everything SBI Holdings has announced since late June, four other announcements in five weeks, the Coinhako purchase reads as the final piece of a corridor SBI has been assembling in full public view over five weeks. SBI’s buildout looks different from the Circle- and Tether-centered infrastructure stories dominating Western crypto coverage this year: a Tokyo securities house trying to own every layer between a Japanese yen and a Southeast Asian retail account.
SBI Ventures Asset bought out Coinhako’s shareholders without disclosing terms The mechanics of the Coinhako deal are laid out in SBI Holdings’ own notice to shareholders. SBI Ventures Asset Pte. Ltd. obtained approval from the Monetary Authority of Singapore for a capital injection into, and a purchase of shares from existing investors in, Holdbuild Pte. Ltd., the entity behind Coinhako. The acquisition closed on July 16 and made Coinhako a consolidated subsidiary; neither company disclosed the price. Coinhako itself operates through two regulated units, Hako Technology Pte. Ltd., which holds a Major Payment Institution license from the MAS, and Alpha Hako Ltd., registered with the British Virgin Islands Financial Services Commission. Yusho Liu and Gerry Eng co-founded the exchange roughly a decade ago; coverage of the deal consistently puts its user base in the hundreds of thousands.
SBI Holdings chairman and CEO Yoshitaka Kitao framed the purchase as a step toward a global corridor for digital assets by connecting exchanges worldwide, language that shows up again almost verbatim in SBI’s other July announcements, suggesting it is the operating thesis rather than a one-off soundbite. On Coinhako’s own blog, Liu described joining the group as the natural next chapter for Coinhako, a company he said had spent ten years building a compliant platform inside one of the world’s more demanding regulatory environments.
Five weeks, five announcements, one corridor What separates this from an ordinary run of M&A is how tightly the pieces interlock once laid side by side on a timeline. Each move slots into a different layer of the same stack: an exchange layer for onboarding users, an asset layer for tokenizing what they trade, a ledger layer for where those tokens actually live, and a settlement layer for how money moves underneath all of it.
Jun 24, 2026 · Settlement
JPYSC goes live
SBI Shinsei Trust Bank issues, SBI VC Trade distributes
Jun 25, 2026 · Exchange (Japan)
Bitbank acquisition agreed
¥46.7bn (~$289M) via SBICAH GK, pending JFTC clearance
Jul 7, 2026 · Institutional access (US)
EDX Markets Series C
SBI leads $76M round
Jul 13, 2026 · Ledger
SBI Solana Global formed
Solana Foundation takes equity stake in renamed SBI R3 Japan
Jul 16, 2026 · Assets
Ondo Finance partnership
Japanese equities tokenized via Ondo Global Markets, settled in JPYSC
A Japanese stock tokenized through Ondo Global Markets would move across SBI’s own channels, SBI Securities, SBI VC Trade, Bitbank, Coinhako, and settle in JPYSC on Solana rails. Every link in that chain is owned, part-owned, or contractually bound to SBI, exactly what Ondo’s own release meant by plans to connect Japan with the global tokenized economy.
JPYSC’s Type III classification removes the ¥1 million ceiling that limits its only domestic rival The settlement layer deserves closer attention because it is the part of the stack that is hardest to replicate quickly. JPYSC launched on June 24, issued by SBI Shinsei Trust Bank and distributed exclusively through SBI VC Trade, developed jointly with Singapore-based Startale Group. Japan’s amended Payment Services Act classifies it as a trust-type Electronic Payment Instrument, a structure that, unlike the funds-transfer license underpinning the rival JPYC stablecoin, carries no cap on holdings or remittances. JPYC, live since October 2025, is bound by a roughly one million yen limit on balances and transfers under its Type II registration; JPYSC’s trust-bank structure sidesteps that ceiling entirely, and its reserves are permitted to hold up to half their value in Japanese Government Bonds rather than sitting purely in cash.
The limitation, and it is a real one, is that JPYSC currently cannot leave SBI’s own walls. A company spokesperson told CoinDesk that its use remains confined to accounts within SBI VC Trade and that it does not yet support withdrawals to external wallets or settlement across public blockchains. Every tokenized-equity trade the Ondo partnership eventually enables will, for now, settle inside a closed loop rather than on an open chain a third-party wallet could touch.
Bitbank still needs the Fair Trade Commission’s signature before the math holds up The exchange layer inside Japan runs through Bitbank, and that deal is signed but not finished. SBI agreed on June 25 to acquire the exchange for roughly ¥46.7 billion, about $289 million, structured through its subsidiary SBICAH GK, which will first buy shares directly from Bitbank CEO Noriyuki Hirosue and other individual holders, then subscribe to a new share issuance that Bitbank will use to buy out its two largest corporate shareholders, MIXI and Ceres.
Combined with SBI VC Trade, the merged entity would become Japan’s largest crypto exchange by assets under custody, at least on paper.
¥46.7bn
Deal size (~$289M)
¥1.1tn
Combined AUM (~$6.8B)
2.92M
Combined accounts
Oct 2026
Expected close, pending JFTC
None of that is final. The transaction still requires clearance from Japan’s Fair Trade Commission and is not expected to close until around October. Most coverage of this deal already describes the combined entity as Japan’s largest crypto exchange. That description only becomes accurate once the JFTC clears it.
For anyone trying to trade this rather than just read about it, the gap between announcement and access is the whole story right now. ONDO has already moved on the distribution news, but there is no tokenized Japanese equity live yet to actually buy, and JPYSC’s closed-loop status means none of the settlement layer is reachable from outside SBI’s own accounts. Positioning ahead of the JFTC decision on Bitbank means betting on regulatory timing, not a live product.
Nobody else in Asia is building every layer at once Joseph Goh, director and head of Asia Pacific at crypto investment bank Areta, told CoinDesk that SBI is the first financial group in Asia to go after the entire digital asset value chain, spanning issuance, settlement, trading infrastructure, and retail distribution, and doing it regionally rather than only at home. That is a meaningful distinction from how most exchanges or stablecoin issuers have approached the market, picking one layer and defending it. SBI frames the spending as long-term infrastructure, not cycle-chasing, a claim backed by its $76 million lead investment in US-based EDX Markets and a stake in risk manager Gauntlet, neither of which touches its home markets at all. Read together, those two bets look like a hedge across regions rather than a bet on any single one.
The corridor only works once JPYSC leaves SBI’s own servers Every structural strength above comes with a corresponding constraint. JPYSC’s closed loop means the settlement rail underneath this entire corridor cannot yet move value to anyone who isn’t already an SBI VC Trade customer, which caps its usefulness for the cross-border, third-party liquidity that the Ondo and Coinhako deals are theoretically supposed to unlock. Domestic competition is not standing still either: Japan’s three largest banking groups, MUFG, SMBC, and Mizuho, are jointly developing their own stablecoin and have targeted live commercial transactions within fiscal 2026. Zoom out further and the concentration risk becomes a regulatory theme rather than an SBI-specific one. The Bank for International Settlements used its 2026 annual report to argue that privately issued stablecoins broadly lack the institutional safeguards to function as systemic money, a warning aimed at the stablecoin model in general but one that applies with particular force to a structure where a single conglomerate controls the exchange, the tokenization venue, the ledger, and the settlement asset all at once. Whether that concentration reads as smart corporate strategy or a regulatory red flag depends entirely on whether JPYSC ever actually leaves SBI’s own subsidiaries.
What actually closes the loop between now and October Three things will tell you whether this becomes the “sovereign corridor” SBI is describing or stays a loosely connected string of acquisitions. The first is the Fair Trade Commission’s decision on Bitbank, expected around October, without which the “largest exchange in Japan” claim remains unverified. The second is whether JPYSC gains any bridge to public blockchains or external wallets, the single change that would convert it from an internal ledger entry into actual settlement infrastructure other institutions could plug into. The third is more mundane but just as telling: whether Ondo Global Markets actually issues a first tokenized Japanese equity under this partnership. A distribution agreement and a live, tradable token are not the same thing. July has produced four press releases describing intent, not one product a retail investor can currently buy.
Mauricio Pochettino is expected to make a decision next week on whether he’ll continue leading the US Men’s National Team, and the outcome could ripple well beyond the pitch. The Argentine manager, who took the job in September 2024, has an offer from US Soccer on the table following the team’s round-of-16 exit from a home World Cup.
The money behind the whistle Pochettino’s compensation package is estimated at $6 million per year, making him the highest-paid coach in US Soccer history. That figure reportedly includes a $2.5 million signing bonus, which gives you a sense of how aggressively the federation pursued him.
US Soccer CEO JT Batson has confirmed that contract renewal discussions are ongoing.
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Kraken and Chiliz circle the opportunity Two notable names from the digital asset world have shown interest in USMNT-related sponsorships tied to the 2026 World Cup: Kraken, one of the largest crypto exchanges by volume, and Chiliz, the company behind the Socios.com fan token platform.
Chiliz operates the infrastructure powering fan tokens for some of the biggest clubs in world football, including Barcelona and Paris Saint-Germain. Its native token, CHZ, serves as the currency within that ecosystem.
If Pochettino stays, the USMNT retains a coaching figurehead with genuine international cachet, having previously coached Tottenham Hotspur in a Champions League final and managed Paris Saint-Germain and Chelsea. If he leaves, potential sponsors face uncertainty about the team’s direction.
No major token launches tied directly to Pochettino’s USMNT role have been announced as of early July 2026. Chiliz already has the technical platform ready, having rolled out fan tokens for dozens of clubs worldwide.
Traders should watch for any formal sponsorship announcements in the weeks following Pochettino’s decision. History suggests that confirmed partnerships between major sports entities and crypto firms tend to produce measurable, if temporary, price movements in associated tokens.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Fluxers! Welcome back to another ecosystem update! On Wednesday, July 15, we had an AMA, and in today’s blog, we are going to recap everything, so let’s dive in.
High-Level Ecosystem Shifts To start off, Flux is restructuring its operations around a leaner, more community-driven model. The core team remains in place, but the project expects less direct corporate involvement from InFlux, greater community participation, and a transition of its corporate focus from the United Kingdom to the United States.
Next up, we will soon be sending notifications to FluxNode operators still running legacy nodes, stating that if they do not update to PoUW v2, they will be brought offline. Essentially, operators running legacy nodes will be given a deadline to migrate to the currently supported node environment. Nodes that remain on the legacy system after that deadline will be banned from FluxCloud.
Additionally, we plan to implement community referral codes and profit sharing. For example, if a Fluxer helps bring 30 new machines to the network, they would receive a portion of that revenue by entering their personal code on any deployments they make.
Expanding further on revenue sharing, Flux is exploring partnerships in which it supplies infrastructure and development support in exchange for a share of the participating company’s revenue or business. The community would be asked to approve how proceeds from these arrangements are incorporated into PNR.
FluxAI Developments Flux is building its own Large Language Model (LLM), and we will train it on FluxEdge GPUs. Our aim is not to compete with ChatGPT or Claude; we want to build an LLM that is highly specific to Flux and does not train on user data.
This specialized LLM will operate for particular FluxAI and customer applications. The team emphasized that FluxAI is designed around business privacy and does not harvest customer data in the manner associated with many mainstream AI platforms.
PNR Update Next, Progressive Node Rewards (PNR) are almost ready. With PNR, there will be an allocation specifically for node operators for what we refer to as “flex time,” where if your machine runs workloads at a higher rate, you will be compensated accordingly.
PNR differs from conventional mining economics. In a proof-of-work system, increasing competition can reduce an individual miner’s share of a largely fixed block-reward pool. Under the proposed PNR model, increased paid workload demand would instead expand the amount distributed to eligible node operators.
For PNR, as demand increases, payouts rise; conversely, when demand wanes, payouts decrease. When PNRs are implemented, node operators will be paid in proportion to their machines’ runtime depending on whether assigned workloads scale up or down.
Building out a PNR pay structure that dynamically adjusts to network demand requires extensive development. The team has largely finalized its proposed approach to PNR and hopes to introduce it during Q4 2026, subject to development progress, publication of a governance proposal and community approval.
Flux Foundation Update The Flux Foundation will adopt a bounty-payout feature that operates like a job marketplace. Flux community members can post a job they need completed with a bounty, and other community members can complete it to earn FLUX. Part of the Foundation’s yield-generating infrastructure will be allocated to fund the bounty program.
Conclusion This AMA reinforced that Flux is entering its next phase with a sharper focus on sustainability, community participation, and real-world adoption.
From restructuring operations and strengthening FluxAI to developing Progressive Node Rewards, referral incentives, and community bounties, the goal is to create an ecosystem in which contributors, operators, developers, and community members can all benefit from the network’s growth.
Many of these initiatives are still being developed and will require further technical work, governance proposals, and community approval before they are fully implemented.
However, the direction is clear: Flux is working toward a leaner, more decentralized ecosystem that rewards meaningful participation and ties node-operator earnings more closely to genuine platform demand. The future runs on Flux.
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