Obžalovaný „John Doe 33“ chce v New Yorku zamítnout žalobu proti 39 069 neaktivním bitcoinovým adresám s tím, že adresy jsou jen data a nelze je žalovat. Tvrdí také, že kontroluje jednu z neaktivních peněženek uvedených v případu.
A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued.
The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit.
According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New York's lost-property law because it has always been publicly visible on the blockchain.
The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company. The plaintiffs claim the Bitcoin tied to the listed addresses constitutes abandoned property that they reported to the New York Police Department and claimed under New York lost-property law.
Regardless of how the court rules on ownership, it remains unclear how the plaintiffs could recover any Bitcoin without possessing the private keys needed to access the wallets.
Defendant files a motion to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source: iapps.court.state.ny.us
The complaint lists 39,069 Bitcoin addresses, including wallet addresses widely associated with Bitcoin creator Satoshi Nakamoto and the Mt. Gox hacker. The listed wallets collectively hold an estimated 3.7 million BTC (worth about $234 billion), according to Sani, founder of Bitcoin analytics platform Timechain Index.
Defendant appears to control $300 million Bitcoin walletBlockchain data suggests that “John Doe 33” controls a wallet holding 5,000 BTC received in April 2014 that has remained untouched for more than 12 years, making it worth more than $300 million at current prices, according to a Friday X post from Galaxy Digital head of research Alex Thorn.
“That's ~100x the median defendant address. This is a real holder with real standing choosing to fight, not a bystander.”
Source: Alex Thorn
Thorn added that the filing prevented what had been a “near-certain” default judgment and challenged jurisdictional and statutory defects in the plaintiffs' case.
The supply of Bitcoin has been dormant for the past five and 10 years. Source: Bitbo
There are currently 3.5 million BTC, worth about $215 billion, that have been dormant for the past 10 years and another 6.6 million coins, worth around $406 billion, that have been dormant for over five years, Bitbo data shows.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
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.
Velcí držitelé nakoupili za dva týdny přes 270 000 BTC za 16,7 miliardy USD, zatímco americké spotové bitcoinové ETF v červnu odčerpaly rekordních 4,06 miliardy USD. Tento rozpor často bývá blízko cyklických minim.
U.S. spot bitcoin ETFs saw a record $4.06 billion in outflows in June, pushing them negative for 2026 before a modest $221 million inflow on Thursday.Large bitcoin holders, or whales, accumulated more than 270,000 BTC ($16.7 billion) over the past two weeks even as U.S. spot demand remained weak, a pattern often seen near market cycle lows.While most major cryptocurrencies have slumped alongside bitcoin, Solana has gained about 15% since early June, whereas some Ethereum Layer 2 tokens have sunk to record lows amid shifting technology and fee dynamics.The next U.S. inflation reading, following a hot 4.2% May print, is seen as crucial for the Federal Reserve’s rate path and could reshape the pressure that has weighed on bitcoin this month.Large bitcoin holders bought more than 270,000 bitcoin BTC$61,899.78 ($16.7 billion) over the past two weeks, stepping in as U.S. institutions pulled money out at a record pace.
U.S. spot bitcoin exchange-traded funds (ETFs) shed $4.06 billion in June, their worst month since listing, past the previous record of $3.56 billion set in February 2025.
The outflows pushed the funds into the red for 2026 as a whole for the first time, and these products finally recorded a $221 million inflow on Thursday.
Large wallets, often called whales, went the other way, analysts at crypto exchange Bitfinex shared with CoinDesk in a Friday note. They added more than 270,000 BTC over two weeks while the spot premium, a gauge of how hard U.S. buyers are bidding, stayed negative, meaning the buying was not coming from spot desks.
Institutions selling and large holders accumulating at the same time is the pattern that has shown up near past cycle lows, where long-term holders take coins off sellers before any recovery reaches the price.
Solana is the exception among the majors. SOL has risen about 15% since early June, even as bitcoin touched 21-month lows, helped by protocol upgrades and a jump in onchain transfers of tokenized real-world assets, which rose 120% to $8.53 billion.
Bitfinex analysts called the split a "familiar one," with alts tending to sell off first and recover first.
Not every alt fits that read, however. Optimism and other layer-2 tokens, networks built to take load off Ethereum, are trading near record lows after Base, Coinbase's network, dropped Optimism's shared technology, removing the fee-capture argument that propped up their value.
The next inflation reading is the pivot from here. May inflation ran hot at 4.2%, but Warsh's comment at the ECB's Sintra forum that inflation risks have eased already gave risk assets a small lift. A softer print would start to shift the rate-path story that has weighed on bitcoin all month, ahead of the Fed's next meeting.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
XRP vystoupal na třídenní maximum po evropské expanzi Ripple a novém buy signálu Supertrend. Analytik Ali Martinez uvedl, že předchozí buy signál předcházel 14% rally.
XRP price has climbed to a three-day high after Ripple’s European expansion and a fresh Supertrend buy signal revived bullish sentiment.
Summary
XRP price climbed to a three-day high as Ripple’s European expansion and stronger market sentiment boosted buying. A breakout above a month-long downtrend and a fresh Supertrend buy signal strengthened the bullish outlook. Short liquidation clusters above $1.11 could fuel further gains, while $1.05 remains a key support level. According to data from crypto.news, XRP (XRP) price rose as much as 3% to an intraday high of $1.11 on July 3, extending its recovery from around $1.02 on July 1. The latest rebound follows Ripple’s regulatory progress in Europe, improving macro sentiment, and a bullish technical reversal that has encouraged buyers to return after weeks of sustained selling pressure.
Since July 1, the market has continued to price in the company’s European expansion after Ripple Payments launched under preliminary Crypto-Asset Service Provider approval through the European Union’s Markets in Crypto-Assets framework.
The development arrived just as some competing platforms scaled back parts of their European offerings to comply with MiCA rules, strengthening Ripple’s position in one of crypto’s fastest-growing regulated markets.
At the same time, investors largely dismissed concerns surrounding Ripple’s monthly 1 billion XRP escrow release after recognizing that most of the unlocked tokens are traditionally returned to escrow rather than sold into the market.
Bitcoin’s stabilization above the $61,000 area has also provided a more supportive backdrop for altcoins after weeks of heavy selling pressure. Risk appetite improved further as easing geopolitical tensions helped push crude oil prices to multi-month lows while softer U.S. economic data reinforced expectations that the Federal Reserve could begin easing monetary policy later this year.
These macro developments have encouraged investors to rotate back into higher-beta digital assets after June’s defensive positioning.
Technical breakout puts $1.12 and $1.15 into focus XRP’s technical structure has improved materially over the past two sessions. On the 1-day chart, price has broken above a descending trendline that had capped every rally since late May, ending more than a month of lower highs. The breakout has carried XRP back toward the $1.12 resistance area after reclaiming the psychologically important $1.10 level.
XRP price is close to breaking above a multi-month descending trendline resistance on the 1-day chart — July 3 | Source: crypto.news The four-hour chart reinforces that bullish shift. XRP has reclaimed its Supertrend indicator near $1.05, while the MACD has completed a bullish crossover with expanding positive histogram bars. Price has also cleared horizontal resistance around $1.075 and is now approaching the next overhead supply zone near $1.125.
XRP 4-hour price chart — July 3 | Source: crypto.news A decisive move above that barrier could expose the $1.15 region, while the Supertrend support near $1.05 and former resistance at $1.075 now serve as the first downside cushions.
Commenting on the setup, analyst Ali Martinez wrote in a July 3 X post:
“The SuperTrend indicator has just flashed a buy signal on XRP for the first time since mid-June. The last buy signal preceded a 14% rally.”
Martinez also noted that the indicator had correctly identified the previous 19% and 16% declines, adding weight to the latest reversal signal.
Derivatives positioning has also shifted in favor of bulls. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting just above the current price between roughly $1.11 and $1.12.
XRP liquidation heatmap | Source: CoinGlass XRP has already begun pushing into that liquidity pocket, increasing the probability of additional forced buying if resistance breaks. Beyond that zone, another concentration of leveraged positions sits closer to $1.14, creating a potential path for an extended short squeeze should momentum continue.
On-chain sentiment has strengthened alongside the technical recovery. Sharing data from Santiment, Whale Factor highlighted that XRP’s average trading returns have fallen to their lowest level in roughly 12 years, leaving both short-term and long-term holders underwater.
Historically, deeply negative MVRV readings have often coincided with major accumulation periods before meaningful recoveries. As Whale Factor summarized, “The more frustrated the crowd the faster the snap back when sentiment turns.”
🐋 WHALE WATCH: Santiment data shows $XRP average trading returns at their lowest point in 12 years. Short term and long term holders are both underwater.
That combination has preceded sharp reversals before.
The more frustrated the crowd the faster the snap back when… pic.twitter.com/HADaIYJt4E
— Whale Factor (@WhaleFactor) July 3, 2026 Key risks remain despite the improving trend The recovery still faces several hurdles before a sustained uptrend can be confirmed. The $1.12-$1.15 region contains multiple layers of technical resistance and dense leveraged positioning that could trigger renewed selling if buyers fail to force a breakout.
Any deterioration in Bitcoin’s price, a resurgence in geopolitical tensions that lifts energy prices, or stronger-than-expected U.S. economic data that delays Federal Reserve rate cuts could quickly reduce appetite for altcoins.
On the charts, a fall back below $1.075 would weaken the current breakout, while a loss of the Supertrend support near $1.05 would place the recent bullish thesis under pressure and raise the risk of another retest of the $1.00 psychological support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
IMF zařadil XRP Ledger mezi veřejné blockchainy používané finančními institucemi pro vydávání stablecoinů. Zmínil i Société Générale a její EUR CoinVertible na XRP Ledger, Ethereum, Solana a Stellar.
The International Monetary Fund (IMF) has identified the XRP Ledger as one of the public blockchain networks used by financial institutions for stablecoin issuance in its latest report. This emphasis signals growing institutional attention to the XRP Ledger in the emerging field of regulated digital assets and tokenization.
Key findings from the IMF reportIn its study entitled “The Rise of Tokenization: Deciphering New Trends in Payments and Asset Tokenization,” the IMF explores how banks are leveraging blockchain technology to transform payment, settlement, and asset management processes. The Fund notes that while some financial institutions still rely on private ledgers, an increasing number are turning to permissionless networks to benefit from greater interoperability and broader market access.
The IMF highlights that certain institutions prefer permissionless blockchains for regulated stablecoin issuance, as this approach offers enhanced interoperability and wider reach in the market.
Among the examples cited in the report is Société Générale’s euro-denominated stablecoin, EUR CoinVertible. According to the IMF, this asset is deployed not only on the XRP Ledger, but also on Ethereum, Solana, and Stellar networks. Société Générale, a leading France-based banking group, is recognized as one of the longstanding pillars of the European financial system.
The impact of tokenization on financeThe IMF describes tokenization as a transformative trend reshaping global finance. By converting real-world assets—such as currencies, bonds, equities, and other financial instruments—into blockchain-based tokens, the report suggests ownership transfers can be streamlined, settlement times reduced, and operational costs lowered. The Fund also points out that tokenization can increase transparency and reduce reliance on traditional intermediaries.
Beyond these efficiencies, the report emphasizes tokenization’s potential to boost liquidity, minimize settlement risk, and broaden access to financial services. Within this context, public blockchain networks are increasingly seen as viable infrastructures for regulated financial products.
Why is institutional interest noteworthy?IMF Senior Economist Itai Agur recently characterized tokenization and programmable money as the next phase for financial markets. Agur has explained that merging programmable money with tokenized assets—enabled through smart contracts—could automate processes and deliver faster, more cost-effective, and more efficient transactions.
This perspective underscores the rationale for grouping XRP Ledger alongside Ethereum, Solana, and Stellar in discussions about next-generation financial infrastructure. As banks broaden their initiatives in stablecoins and asset tokenization, the XRP Ledger continues to attract heightened institutional interest among public blockchain networks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP, son günlerde yeniden 1 dolar seviyesini test ederken hem kurumsal yatırımcı hareketleri hem de zincir üstü göstergeler piyasada farklı sinyaller üretiyor. Spot XRP ETF‘lerinde mart ayından bu yana ilk kez iki gün üst üste net çıkış görülürken, Binance rezervlerindeki gerileme ve teknik göstergeler ise satış baskısının zayıflayabileceğine işaret ediyor.
Haberin hazırlandığı sırada XRP yaklaşık 1,11 dolar seviyesinde işlem görüyor.
XRP ETF’lerinde Marttan Bu Yana Bir İlk Spot XRP ETF’leri, piyasaya sürüldükleri günden bu yana yaklaşık 1,5 milyar dolar kümülatif net giriş elde etti.
Ancak son iki işlem gününde tablo değişti.
ETF’lerde mart ayından bu yana ilk kez iki gün üst üste net çıkış yaşandı. Bu durum, kurumsal yatırımcı talebindeki kısa vadeli yavaşlamaya işaret etse de tek başına uzun vadeli eğilimin değiştiğini göstermiyor.
ETF çıkışlarının sürmesi halinde ihraççıların portföylerindeki XRP miktarını azaltması gerekebileceği değerlendirilirken, bunun fiyat üzerindeki etkisi piyasa koşullarına bağlı olarak şekillenecek.
1 Dolar Seviyesi Yakından İzleniyor XRP geçtiğimiz günlerde 1 dolar seviyesine kadar gerileyerek yatırımcıların dikkatini çekti.
Alıcıların devreye girmesiyle fiyat yeniden toparlanırken, piyasanın odağı kritik destek bölgelerinde kalmaya devam ediyor.
Piyasa analisti Diana, XRP’nin yeniden 1,08 doların altına gerilemesi halinde 0,87 dolar seviyesine kadar yeni bir düzeltme ihtimalinin oluşabileceğini belirtiyor.
Analiste göre buna karşılık 1,08 doların üzerinde kalıcılık sağlanması durumunda fiyatın 1,30 dolar bölgesini yeniden hedeflemesi mümkün olabilir.
Bu değerlendirme teknik analiz niteliğinde olup kesin bir fiyat tahmini anlamına gelmiyor.
Binance Verileri Satış Baskısının Azaldığını Gösteriyor Öte yandan zincir üstü veriler daha farklı bir tablo ortaya koyuyor.
Binance’te tutulan XRP miktarı son dört ayın en düşük seviyesine geriledi.
Borsalarda tutulan varlık miktarının azalması genellikle kısa vadeli satış baskısının zayıfladığı yönünde yorumlansa da bu veri tek başına fiyat yönünü belirlemek için yeterli kabul edilmiyor.
Yatırımcıların varlıklarını kişisel cüzdanlara taşıması farklı stratejilerin de sonucu olabilir.
Ali Martinez’den Uzun Vadeli Sinyal Kripto analisti Ali Martinez de teknik göstergelerde dikkat çeken bir gelişmeye işaret etti.
Martinez’e göre aylık zaman diliminde Tom DeMark (TD) Sequential göstergesi XRP için alım sinyali üretti.
Aynı göstergenin Bitcoin, Ethereum ve Solana’da da benzer sinyal verdiğini belirten analist, geçmiş döngülerde bu tür eş zamanlı sinyallerin satıcıların gücünü kaybettiği dönemlerle örtüştüğünü ifade etti.
Bununla birlikte teknik göstergeler tek başına fiyat hareketini garanti etmiyor ve yatırımcılar tarafından diğer piyasa verileriyle birlikte değerlendiriliyor.
XRP İçin Gözler Destek ve Direnç Bölgelerinde Mevcut görünümde XRP için kısa vadede 1,08 dolar seviyesi önemli destek konumunda bulunuyor.
Bu bölgenin korunması halinde piyasa yeniden 1,30 dolar direncini gündemine alabilir.
Öte yandan ETF akışları, borsa rezervleri ve zincir üstü göstergeler birlikte değerlendirildiğinde XRP piyasasında henüz tek yönlü bir görünüm oluşmuş değil.
Şimdilik veriler, kurumsal yatırımcı hareketleri ile zincir üstü göstergelerin farklı sinyaller ürettiği ve yatırımcıların yeni yönü belirlemek için kritik seviyeleri izlemeyi sürdürdüğü bir döneme işaret ediyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Upbit přidá Metaplex (MPLX) do obchodních párů s BTC a USDT a Nexus (NEX) na trh USDT. Obchodování začne 3. července, vklady a výběry už dvě hodiny po oznámení.
Upbit will add Metaplex (MPLX) for BTC and USDT pairs and Nexus (NEX) for a USDT pair on July 3. Metaplex assists in creating infrastructure for digital assets based on the Solana blockchain, and Nexus builds a Layer 1 blockchain. Upbit, South Korea’s largest cryptocurrency exchange platform, announced the listing of Metaplex (MPLX) and Nexus (NEX). MPLX will be available to trade with BTC and USDT trading pairs on the Solana blockchain platform. NEX will be listed in the USDT market on the Ethereum network. Deposits and withdrawals will start two hours from the time of the announcement.
Scheduled Launch of MPLX and NEX Upbit has announced that MPLX will begin trading at 3:00 PM local time on July 3. Trading for NEX will be launched by the exchange at 6:00 PM local time on July 3. The users have been asked to ensure that deposits happen only through the supported blockchain networks, as deposits made via unsupported networks will not be credited. Upbit has also mentioned that insufficient liquidity may lead to delayed trading due to unfavorable market conditions.
The platform implemented temporary trading restrictions to ensure smooth market operations after listing these two cryptocurrencies. Upbit has put a restriction on buying orders in the first five minutes after trading. All orders, except limit orders, will not be available for 2 hours after listing. Upbit has put a restriction on selling orders that are at least 10% below the previous close price.
Metaplex and Nexus Extend Their Infrastructure Services Metaplex is an infrastructure protocol for digital assets with NFT support, token minting, metadata handling, and mass asset creation in the Solana and Solana Virtual Machine blockchain networks. This protocol allows the standardization of metadata of the assets along with NFT collections, compressed NFTs, and token drops using various ecosystem services. Metaplex also unveiled Agent Registry and Agent Tokens, extending the infrastructure of Metaplex in the direction of on-chain identity registration and token creation. MPLX tokens allow participating in governance, managing treasuries, and certain ecosystem services in the Metaplex DAO.
Nexus builds a Layer 1 blockchain by incorporating verifiable computation capabilities with finance use cases. This network leverages Cosmos SDK, CometBFT, and Ethereum-based smart contracts together with Nexus zkVM for the verification of computing resources from outside the chain. Nexus is also going to extend its ecosystem via Nexus Exchange and the USDX settlement ecosystem. The NEX tokens act as the native gas tokens of the network while staking and compensating computation providers. Upbit also advised users that their deposits should be in compliance with the Travel Rule.
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Ethereum vyskočilo o 6,4 % na 1 719 USD poté, co BlackRock spustil stakovaný fond ETHB a ten první den přilákal 100 milionů USD. Růst podpořila i rekordně nízká nabídka na burzách.
Remember when I kept telling you to watch the exit doors instead of the price? For weeks, Ethereum‘s supply was quietly tightening, coins leaving exchanges, staking hitting records, while the price did nothing but bleed and everyone ignored it. Well, this week the ignoring stopped.
ETH is trading at $1,719, up 6.4% on the day, the strongest of all the major coins, and up nearly 9% on the week (live ETH price on CoinGecko). And the thing that lit the fuse is exactly the kind of demand the tight supply was waiting for. Let me walk you through it.
The fund that changed the mood Here is the headline that matters. BlackRock, the world’s largest asset manager, launched a new staked Ethereum fund called ETHB, and it pulled in $100 million on its very first day.
Why is that such a big deal? Two reasons. First, “staked” is the magic word: unlike the older Ethereum ETFs, this fund passes staking yield to investors, the roughly 3% that Ethereum pays for securing the network. That was always Solana’s ETF advantage, and now Ethereum has its own yield-bearing product from the biggest name in finance. Second, $100 million on day one is a statement of demand. After months of watching money drain out of crypto funds, institutions just showed up for Ethereum with real size on the first day they got a product they liked.
And it did not happen in a vacuum. Bitcoin ETFs just logged five straight days of inflows led by BlackRock’s IBIT, the first sustained streak in months. The institutional money that vanished this spring is stepping back in, and Ethereum is getting the biggest single dose of it.
Why ETH is moving so hard Now connect this to the supply story we have been following. Ethereum’s exchange reserves have been sitting at all-time lows around 14.5 million ETH, and the staking ratio at record highs near a third of all supply. Translation: there is less ETH available to buy on the open market than at any point in years.
So what happens when fresh demand, a $100 million fund launch, a short squeeze that liquidated $281 million in bearish bets across crypto, and a dovish shift from Fed Chair Warsh, hits a market with record-thin sellable supply? Exactly what you saw: the price moves fast. A 6.4% daily jump is what a supply squeeze looks like when it finally meets a demand spark. This is the mechanism I have been describing for weeks, just running in the direction nobody positioned for.
The macro helped too. Warsh said inflation risks had eased, the first genuinely dovish note from the new Fed chair, and markets are now watching US jobs data as the next potential fuel. After a hawkish June that crushed crypto, even a small change in the Fed’s tone lands with force.
The honest caveats, as always I owe you the other side, because one great day does not erase a hard year. ETH is still down more than 60% from its 2025 high near $4,950, and this bounce, however real its drivers, has not yet broken the larger downtrend. The level that changes that conversation is $1,800, the resistance ETH rejected during the selloff, and then the big one at $2,000. Until those fall, this is a strong rally inside a bear market, not a confirmed reversal.
And remember what carried ETH down: it falls harder than Bitcoin when fear returns. If the jobs data disappoints or the Fed walks back the dovish tone, the same beta that powered this 6% jump works in reverse. Enjoy the move; respect the trend.
The levels I’m watching Above: $1,750 first, then the real test at $1,800, and the prize at $2,000, where the recovery becomes undeniable. Below: $1,650 is the first support, then $1,600, the floor that held through the worst of it. As long as ETH holds above $1,650, this breakout attempt stays alive.
Where this leaves us Ethereum at $1,719 is having its best day in months, leading every major coin, and for once the reason is concrete: BlackRock’s staked ETH fund drew $100 million on day one, right into a market with record-low sellable supply and record-high staking. The squeeze we watched build all spring finally met its demand spark, with a dovish Fed and a short squeeze as accelerants.
It is not a confirmed trend change yet, $1,800 and $2,000 stand in the way, and ETH’s high beta cuts both ways. But the thing the bears said would never come, institutional demand returning to Ethereum, just showed up with a nine-figure opening day. Watch $1,800. The quiet story is not quiet anymore.
FAQ What is the Ethereum price today? Ethereum is trading around $1,719 on July 3, 2026, up 6.4% on the day, the strongest performance among major coins, and up nearly 9% on the week.
Why is Ethereum going up today? BlackRock launched a staked Ethereum fund, ETHB, that drew $100 million on its first day, landing in a market with record-low exchange supply. A dovish signal from Fed Chair Warsh, a $281 million short squeeze, and five straight days of Bitcoin ETF inflows added fuel.
What is BlackRock’s ETHB fund? ETHB is BlackRock’s new staked Ethereum fund, which passes Ethereum’s staking yield (roughly 3%) to investors, unlike older ETH ETFs. Its $100 million first-day inflow signals returning institutional demand for Ethereum.
What are the key Ethereum levels to watch? Resistance sits at $1,750, then the key $1,800 level, with $2,000 as the milestone that would confirm a real recovery. Support is $1,650, then $1,600. Holding above $1,650 keeps the breakout attempt alive.
Is the Ethereum recovery confirmed? Not yet. ETH remains down over 60% from its 2025 high, and the larger downtrend holds until $1,800 and then $2,000 are reclaimed. The rally has concrete drivers, but ETH’s high beta means it would fall hard again if the macro mood reverses.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Grayscale podal formulář 8-K k Ethereum Staking Mini ETF a oznámil odchod finančního ředitele Edwarda McGee po sedmi letech. Dočasně ho nahrazují Kathryn Masci a Daniel Plourde.
Ethereum News: Grayscale’s Ethereum Staking ETF Just Had Its CFO Resign
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Ethereum News: Grayscale Investments filed a Form 8-K for its Grayscale Ethereum Staking Mini ETF on July 2, 2026, disclosing the departure of CFO Edward McGee after seven years and his replacement by co-CFOs Kathryn Masci and Daniel Plourde on an interim basis, a governance shift at one of the most structurally sophisticated crypto ETF products currently listed in the U.S. market.
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Ethereum News: What the 8-K Actually Says, and What It Doesn’tThe 8-K filed with the SEC falls under the category covering departures, elections, and appointments of directors or certain officers, along with compensatory arrangements.
That category requires disclosure of the event but does not mandate full detail on circumstances, severance terms, or strategic rationale in the initial filing itself.
Kathryn Masci signed the filing as Co-Chief Financial Officer and Principal Financial and Accounting Officer of Grayscale Investments Sponsors, LLC.
Source: SEC FilingHer background runs through Ernst & Young and Garrison Capital before she joined Grayscale in May 2020. Daniel Plourde, the second interim co-CFO, brings institutional ETF operations experience from SPDR ETF Trusts at State Street and Gabelli Funds – a combination that reads more like deliberate succession planning than an emergency scramble.
The structural significance of this governance event is modest in isolation. McGee’s exit does not appear to implicate fund strategy, staking policy, or custody operations.
What it does add to is a pattern of active corporate housekeeping at the sponsor level throughout 2025 and 2026, including the creation of a new Board of Managers for the Sponsor on May 4, 2026 – a context that makes the July filing look like a continuation of planned restructuring rather than a reactive disclosure.
Discover: The Best Crypto to Diversify Your Portfolio
The Fund Itself: Numbers That Matter More Than the FilingThe leadership change is the headline event, but the operational data behind the spot Ethereum ETF is where the real story sits.
The fund held over 861,000 Ethereum as of Q1 2026, up from roughly 734,000 ETH at the start of the year, net creations of approximately 218,500 ETH during the quarter, which translated to around $337 million in net inflows and ranked the fund as the top U.S. Ethereum ETP by Q1 inflows as reported by most news.
Source: BitboThe staking yield mechanics are straightforward but worth quantifying precisely. Approximately 67% of the fund’s ETH is actively staked on Ethereum’s proof-of-stake network, generating a gross staking reward rate of approximately 2.88% annualized – the trailing 60-day figure Grayscale cited in January 2026.
Q1 2026 staking income came in at $8.38 million, with net investment income of $7.41 million after the fund’s 0.15% management fee. Total staking rewards generated since October 2025 have crossed $15 million.
That 2.88% gross yield against a 0.15% fee is a genuinely competitive structure. Non-staking spot ETH products capture price exposure only; holders of those funds absorb the fee drag without the partial offset that staking rewards provide.
The question for competing issuers is whether regulatory clarity on staking in registered fund structures,still evolving as of mid-2026, will allow them to match this product’s architecture or whether Grayscale’s first-mover position in staked Ethereum ETPs hardens further.
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ADA tento týden vzrostla o více než 15 % poté, co ADA Pay umožnil přijímat platby v Cardanu více než 7 milionům firem. Velryby zároveň nakoupily 150 milionů ADA.
Cardano’s native token ADA surged more than 15% this week, climbing above $0.160 by Friday. This rally coincided with two significant developments: major wallet holders accumulated ADA during recent price corrections, and a new payment integration expanded ADA’s reach across millions of businesses worldwide.
Expansion of Cardano payment infrastructure draws attentionCommunity contributor MB announced that the recently launched ADA Pay plugin now enables over 7 million businesses globally to accept Cardano for payments. Cardano, known for focusing on smart contracts and digital payment infrastructure, is thus expanding its footprint in global commerce.
MB stated the ADA Pay plugin has opened up Cardano payment acceptance to more than 7 million businesses worldwide.
The new solution reportedly streamlines the process for businesses, reducing the need for extensive custom software development. If adoption continues to grow, consumers could soon use ADA for everyday purchases at a vast network of merchants, lowering adoption barriers for cryptocurrency payments.
Large wallets accumulated during the dipAccording to on-chain analytics platform Santiment, wallets holding between 100,000 and 100 million ADA accumulated a total of 150 million ADA since June 25. This accumulation took place amidst a broader market pullback, suggesting strategic buying on the part of significant investors.
Such concentrated buying in downturns often indicates that major holders see current valuations as attractive. At the same time, less available supply for immediate sale can help ADA prices stabilize or rebound more robustly from recent lows.
MetricValueWeekly price performanceOver 15% increaseADA added by large wallets150 millionMerchants reached via payment integrationMore than 7 millionOpen interest in ADA futures$403 millionInterest grows in the ADA derivatives marketCardano’s market capitalization now stands at approximately $5.78 billion, with daily trading volume approaching $500 million. This surge in activity points to renewed bullish interest among traders and investors.
Open interest in ADA futures climbed from $335 million in mid-June to $403 million by Friday. This simultaneous rise in price and open interest is typically interpreted as a direct inflow of new capital into the market, rather than just traders shifting existing positions.
On Monday, the funding rate for ADA futures turned positive, reaching 0.0085% by Friday’s trading session. In this structure, investors holding long positions pay those holding shorts, signaling a growing optimism about ADA’s near-term trend.
Globe Of Crypto notes that ADA bounced from support within a falling wedge pattern. Should a breakout occur, the platform forecasts a strong mid-term recovery toward the $0.35 level.
Key resistance at $0.173, support at $0.138Technically, the relative strength index (RSI) is hovering near the 50 level, while the MACD indicator remains slightly above zero, reflecting a period of consolidation rather than rapid acceleration.
Dave, one of Cardano’s core developers, highlighted that the network’s eUTXO architecture—short for Extended Unspent Transaction Output—enables clearer estimation of transaction fees and resulting outcomes before execution. This model aims to make transaction logic more predictable, reducing failed transaction risks especially in financial applications where cost management is crucial.
Mini glossary: eUTXO is a model that defines in advance which inputs and outputs a transaction will use. It reduces risks of failure by providing greater predictability for future costs and results, which is particularly valuable for financial applications.
On the technical chart, $0.173 stands out as a critical resistance level for ADA, with further sell pressure expected in the $0.185 to $0.245 range. If the price pulls back, structural support is found near $0.138, offering a safety net for bulls as the market digests this week’s gains.
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.
Zcash spustil testnet Ironwood se dvěma nezávislými implementacemi konsenzu a výrazně zrychlil migraci peněženek z asi 15 minut na 2,5 minuty. Aktivace na mainnetu se očekává kolem 21. července.
TLDR: Ironwood testnet activates with two independent consensus implementations built by separate teams. Zcash reduced ten-note wallet migration times from around 15 minutes to about 2.5 minutes. Multi-transaction signing now supports more than 11 transactions through a single QR code. Mainnet activation could occur around July 21 as audits and ZIP specifications near completion. Zcash is moving forward with its Ironwood network upgrade after confirming a scheduled testnet activation. The update introduces new consensus changes and major wallet performance improvements ahead of a planned mainnet deployment.
Development teams have also completed two independent consensus implementations for the upgrade. The work marks one of the most advanced testnet preparations recorded for a Zcash network upgrade.
Zcash Ironwood Testnet Upgrade Brings Dual Consensus Implementations Zcash developer Dev announced that the Ironwood testnet upgrade would activate on July 4. The release includes two independently developed consensus implementations.
One implementation came from Valar Group, while the other was built by the Zcash Foundation. According to Dev, the Valar Group version has already entered the audit process.
Zcash testnet is updating for Ironwood tomorrow!
We have two independently developed consensus implementations of it. One by @valargroup, and another by @ZcashFoundation. @valargroup's is in audit as well.
We have a desktop wallet fork with migration code you can try! If you…
— Dev 🧪 (@zkDragon) July 2, 2026
The teams also released a desktop wallet fork that supports migration testing on the testnet. Users with Keystone development devices can update firmware and test migration functions before the mainnet launch.
The upgrade introduces multi-transaction signing through a single QR code. Dev said the feature required extensive work behind the scenes and represented a major technical milestone for the testnet.
Contributors from zodl also participated in the process. The group worked on technical specifications, wallet libraries, circuit updates, and application programming interfaces supporting Ironwood.
Zcash Wallet Performance Improves Ahead of Mainnet Activation Development updates shared by Dev showed major gains in wallet migration performance. The time needed to complete a ten-note migration fell from around 15 minutes to approximately two and a half minutes.
Inbound QR scanning dropped from three minutes to one minute. Loading and transaction review declined from two minutes to 45 seconds.
The signing process posted the largest improvement. Signing time fell from roughly nine minutes to about 37 seconds.
Outbound QR scanning also became faster. The process now takes about 10 seconds compared with roughly one minute previously.
In a separate update, Zcash developer Sean Bowe said all Ironwood consensus rule changes had been implemented and were undergoing audits.
He added that the specifications and Zcash Improvement Proposals, known as ZIPs, were approaching their final state.
UPDATE: Over the last couple weeks we've made huge progress on Ironwood activation in Zcash!
1. All of the consensus rule changes have been implemented, and have been undergoing auditing for some time now. Specifications / ZIPs are published and nearing their final state.
2.… https://t.co/rjQSHM1uox
— Sean Bowe (@ebfull) July 2, 2026
Bowe also said developers expected readiness for a mainnet activation around July 21. He confirmed that the official testnet activation was scheduled for the following day and noted that the Zebra release supporting Ironwood should become available around the same time.
According to Bowe, sufficient mining hash rate already signals technical readiness for the mainnet upgrade. He noted that some wallets may not support Ironwood immediately, although alternative options and testnet preparation time remain available before activation.
Shielded Labs vyvolal možnost odkladu upgradu Ironwood u Zcash, protože burzy, těžební pooly a peněženky nemusí stihnout připravit infrastrukturu do konce července. Současně probíhá migrace ze zcashd na Z3 stack.
Shielded Labs has raised the possibility of delaying Zcash's Ironwood network upgrade, warning that ecosystem participants like exchanges, mining pools and wallets may not have enough time to prepare their systems for the planned activation in late July.
Jason McGee, executive director of Shielded Labs, said in a Zcash community forum post that two major projects are moving forward at the same time. Alongside Ironwood, infrastructure providers are being asked to replace Zcash’s longstanding node and wallet software, zcashd, with a new collection of tools known as the Z3 stack.
The concerns highlight the trade-off between quickly restoring confidence in Zcash’s shielded supply and giving ecosystem participants enough time to deploy and audit the new infrastructure safely.
Ironwood was proposed after researchers discovered an “infinity” bug in Orchard, Zcash’s main private transaction pool. The flaw could theoretically have allowed an attacker to create an unlimited amount of counterfeit ZEC tokens inside the pool without detection. Developers said there was no evidence that the pool had been exploited. However, Orchard's privacy features make it impossible to prove that no fake coins were created.
Source: Zooko Wilcox
Ironwood rollout collides with Zcash software migrationIronwood would open a replacement private pool and prevent new activity inside the existing Orchard pool. Funds leaving Orchard would have to pass through an accounting checkpoint that prevents more ZEC from exiting than what originally entered. This would allow users to verify that the circulating supply remains within Zcash’s intended limits.
At the same time, Zcash is retiring zcashd, the software used by many ecosystem participants to connect to the network and process transactions. Its replacement stack includes Zebra for operating a network node, Zaino for supplying blockchain data to applications and Zallet for wallet functions.
The network's official guidance documents said operators may need to modify their systems as some zcashd functions will not have direct replacements.
McGee said Zallet and Zaino were still under development and not ready for production use. Feedback gathered from infrastructure providers suggested that some expect to be ready by late July, while others need more time, he added.
McGee said no delay has been finalized.
Zcash founder Zooko Wilcox said security reviews had found no additional serious bugs so far and that developers are also working to verify the new system before Ironwood activates.
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.
Fireblocks nově podporuje Hedera Token Service, což otevírá institucionální úschovu pro nativní HTS aktiva. USDC je dostupné globálně a nové peněženky už nepotřebují předem financovat $HBAR.
Hedera has announced that Fireblocks now supports the Hedera Token Service (HTS), opening up institutional-grade custody for native HTS assets through the Fireblocks platform.
What the Integration CoversThe move allows Fireblocks clients to hold HTS tokens alongside their existing digital asset portfolios, with no separate infrastructure or additional setup required. USDC support is live globally from day one, and new wallets no longer need upfront $HBAR funding to get started, removing a longstanding friction point for institutions entering the Hedera ecosystem.
The Hedera Token Service is Hedera's native token issuance and management layer. According to Hedera, it enables the creation of fungible and non-fungible tokens using simple APIs, without relying on smart contracts, and is built for high-throughput operations with predictable fees and fast settlement. Built-in compliance controls include KYC, freeze, and wipe functions, all handled at the consensus layer.
Why Fireblocks Matters for Institutional AccessFireblocks is one of the most widely used institutional digital asset infrastructure platforms available today. The company provides custody, payments, tokenization, treasury management, and network connectivity across 150-plus blockchains to more than 2,400 organizations. Its client base includes major banks, asset managers, and fintechs that rely on the platform for custody and settlement at scale.
For Hedera, landing a Fireblocks integration puts HTS assets directly in front of that institutional client base. The simplified onboarding, particularly the removal of the upfront $HBAR wallet funding requirement, should reduce the operational overhead that has historically made Hedera accounts more cumbersome to provision at scale.
The announcement reflects a broader push by Hedera to build institutional-grade infrastructure partnerships as demand for regulated, on-chain asset management continues to grow.
Sources
Hedera Token Service, Hedera.com
Fireblocks: Leader in Public Blockchain Support Coverage, Fireblocks Blog
SOL prorazil nad 80,84 USD po třech neúspěšných pokusech a za týden přidal téměř 15 %. Na Solaně zároveň poprvé předstihly tokenizované akcie memecoiny a denní objem dosáhl 644 milionů USD.
Yesterday I told you $80 was the test that would decide whether Solana’s rally was another bounce or a trend change. Well, the test just happened. SOL is trading at $80.84, up 4.3% on the day and nearly 15% on the week, cleanly through the level that rejected it three times during this correction (live SOL price on CoinGecko). And while the price was breaking out, the network quietly hit two milestones that make this rally different from the failed ones. Let me show you both, and then the honest work that still remains.
The breakout, and why this attempt is different First, the price. SOL pushed through $80 with the broad market at its back: Fed Chair Warsh signaled inflation risks have eased, a short squeeze liquidated $281 million in bearish bets, and Bitcoin reclaimed $61,000 with five straight days of ETF inflows. Solana, already the strongest major coin for weeks, led the charge again.
The chart now reads like this: the next resistance sits at $82.73, and analysts see a clean break there opening the path toward $87, with the bigger recovery scenario toward $120 that traders have been eyeing since the $80 debate began. Support is $77, the level the breakout needs to defend. Momentum indicators are healthy but stretched, which is normal after a 15% week: strong trends pause, and a pause is not a failure.
Milestone one: tokenized stocks just beat memecoins Here is the development that genuinely excites me, because it answers Solana’s oldest criticism. For the first time ever, tokenized stocks overtook memecoins as a share of Solana’s daily trading, and a day later tokenized stock volume hit an all-time high of $644 million in a single session.
Think about what that means. The knock on Solana was always that its impressive numbers ran on speculative memecoin churn that could vanish overnight. Now the biggest activity category on the network is real-world equities trading on-chain, the use case Wall Street actually cares about. Add the freshest proof point: Securitize, on the day of its NYSE debut, tokenized $295 million of its own stock on Solana, the largest issuer-sponsored tokenized stock ever at launch. The network is not just hosting the tokenized-stock boom; it is becoming its home field, with roughly 95% of global volume.
Milestone two: Solana got a formal voice The second milestone is quieter but matters for the long game: Solana launched on-chain governance this week. Validators with at least 100,000 SOL delegated can now open formal proposals that go to a stake-weighted vote, and stakers can even overrule how their validator votes.
Why care? Because one criticism of Solana versus Ethereum has been informal, foundation-heavy decision-making. A formal, stake-weighted governance system professionalizes how the network evolves, exactly the kind of institutional maturity that matters as Wall Street moves billions onto the chain. Combined with the Alpenglow upgrade, which co-founder Anatoly Yakovenko says could hit mainnet as early as Q3, cutting settlement from about 12 seconds to 150 milliseconds, the network’s grown-up era is arriving on schedule.
Now the honest part, because I promised Two caveats deserve your attention. First, an uncomfortable detail in the tokenized-stock triumph: Solana’s fees are so cheap that billions in stock trading translate into surprisingly little direct demand for the SOL token itself, and SOL’s own ETFs were roughly flat in June. This rally is being carried by traders and network momentum, not fund flows, which means it has to keep proving itself week by week.
Second, the usual macro truth: SOL just rose 15% in a week, indicators are stretched, and if the jobs data or the Fed disappoints, the highest-beta winners give back gains fastest. A pullback to retest $77, or even the $73 support below it, would be normal and healthy, not a broken thesis.
The levels worth watching Above: $82.73 is the immediate gate, then $87, with the $120 recovery scenario alive as long as the breakout holds. Below: $77 is the line the bulls must defend, then $73. Holding above $77 keeps this a confirmed breakout; losing $73 would send it back to the drawing board.
Bringing it together Solana at $80.84 just passed the test we flagged, breaking the level that stopped it three times, with a 15% weekly gain, tokenized stocks overtaking memecoins for the first time, a $644 million single-day tokenization record, the Securitize NYSE-day listing, and formal on-chain governance going live. The breakout has real substance behind it.
The work now is holding it: $77 must survive any pullback, the $82.73 gate is next, and the rally needs fund flows to eventually join the party. But step back and look at what changed this month: Solana went from “the resilient one” to the network Wall Street trades stocks on, with a breakout chart to match. Watch $82.73 above and $77 below, and enjoy a test passed honestly.
FAQ What is the Solana price today? Solana is trading at $80.84 on July 3, 2026, up 4.3% on the day and nearly 15% on the week, breaking above the key $80 resistance that had rejected it three times during the correction.
Why is Solana going up? SOL broke out amid a market-wide rally sparked by dovish Fed comments and a $281 million short squeeze, on top of Solana-specific strength: tokenized stocks overtook memecoins on the network for the first time, hitting a record $644 million in one day, and on-chain governance launched.
What happens after Solana breaks $80? The next resistance is $82.73, with a clean break opening the path toward $87 and keeping the larger $120 recovery scenario alive. Support at $77 is the level the breakout must defend, with $73 below it.
What are Solana’s tokenized stock milestones? Tokenized equities overtook memecoins as a share of Solana’s daily trading for the first time, single-day volume hit an all-time high of $644 million, and Securitize tokenized $295 million of its own stock on Solana during its NYSE debut. Solana handles roughly 95% of global tokenized stock volume.
What is the risk to Solana’s rally? SOL’s fees are so low that tokenized-stock volume creates little direct token demand, and its ETFs were flat in June, so the rally runs on trader momentum rather than fund flows. After a 15% week, a pullback to retest $77 or $73 would be normal.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Kripto para borsası Binance, kullanıcıları yüksek risk taşıyan projeler hakkında bilgilendirmeye yönelik uyguladığı İzleme Etiketi (Monitoring Tag) listesini genişletmeye devam ediyor. Şirket, 3 Temmuz 2026 itibarıyla Anchored EUR (AEUR), Vulcan Forged PYR (PYR), Secret (SCRT) ve Vanar (VANRY) tokenlarını İzleme Etiketi kapsamına aldığını duyurdu. Binance, kararın projelerin düzenli performans, likidite, geliştirme faaliyetleri ve risk değerlendirmeleri sonucunda alındığını belirtirken, bu varlıkların bundan sonraki süreçte daha yakından izleneceğini ifade etti. Söz konusu güncelleme, yatırımcıların ilgili tokenlarda işlem yaparken olası riskleri daha dikkatli değerlendirmesi gerektiğine işaret ediyor.
Binance Futures (Vadeli İşlemler) %10 İndirimli İşlem Yapmak İçin Tıkla!
Binance İzleme Etiketi Listesini Güncelledi Binance tarafından yapılan resmi açıklamaya göre 3 Temmuz 2026 tarihinden itibaren dört yeni kripto para projesi İzleme Etiketi kapsamına dahil edilecek.
İzleme Etiketi eklenen varlıklar şu şekilde sıralandı:
Anchored EUR (AEUR) Vulcan Forged PYR (PYR) Secret (SCRT) Vanar (VANRY) Borsa, bu güncellemenin düzenli proje incelemeleri sonucunda gerçekleştirildiğini ve kullanıcıların riskler konusunda daha bilinçli hareket etmesini amaçladığını belirtti.
İlginizi Çekebilir: Bitcoin 62 Bin Dolara Yaklaştı: Yükseliş Devam Edecek mi?
Binance’in İzleme Etiketi, diğer projelere kıyasla daha yüksek volatiliteye veya belirli risklere sahip olduğu değerlendirilen kripto varlıklar için kullanılıyor. Bu etikete sahip tokenlar, borsa tarafından düzenli olarak gözden geçiriliyor. Projelerin geliştirme faaliyetleri, ekip performansı, likidite durumu, işlem hacmi, topluluk desteği, düzenleyici riskler ve şeffaflık gibi birçok kriter değerlendirme sürecinde dikkate alınıyor. Binance, gerekli şartları karşılamayan projelerin ilerleyen dönemde platformdan kaldırılabileceğini de hatırlatıyor.
Kullanıcılar Önce Risk Testini Tamamlamalı İzleme Etiketi bulunan tokenları alıp satmak isteyen kullanıcıların belirli aralıklarla Risk Farkındalık Testi’ni tamamlaması gerekiyor. Bu uygulama, yatırımcıların yüksek risk taşıyan projeler hakkında bilgi sahibi olmasını sağlamayı ve olası fiyat dalgalanmalarına karşı bilinçli işlem yapmalarını amaçlıyor. İzleme Etiketi eklenmesi, ilgili tokenların Binance’ten kaldırılacağı anlamına gelmiyor. Ancak projelerin daha yakından izleneceğini ve düzenli değerlendirmelere tabi tutulacağını gösteriyor.
İzleme Etiketi kapsamına alınan projelerin önümüzdeki dönemde göstereceği gelişmeler, Binance’in yapacağı yeni değerlendirmelerde belirleyici olacak. Projelerin teknik geliştirmeleri, ekosistem büyümesi, işlem hacimleri ve topluluk faaliyetleri olumlu yönde ilerlerse İzleme Etiketi kaldırılabilir. Buna karşılık gerekli kriterlerin karşılanmaması durumunda platformdan çıkarılma riski de bulunuyor. Bu nedenle yatırımcıların yalnızca fiyat hareketlerini değil, Binance tarafından yapılacak resmi duyuruları ve projelerin gelişim süreçlerini de yakından takip etmeleri önem taşıyor.
Değerlendirme Binance’in AEUR, PYR, SCRT ve VANRY tokenlarını İzleme Etiketi kapsamına alması, bu projelerin daha sıkı denetim sürecine girdiğini gösteriyor. Karar doğrudan delist anlamına gelmese de, yatırımcıların risk yönetimine daha fazla önem vermesi gereken bir döneme işaret ediyor. Önümüzdeki süreçte Binance’in yapacağı yeni değerlendirmeler ve projelerin göstereceği performans, söz konusu tokenların platformdaki geleceği açısından belirleyici olacak.
Son dakika kripto para haberleri için hemen tıkla
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Pendle překročil hranici 100 milionů stakovaných PENDLE, což je asi 36 % nabídky, a emise snížil o 71 %. Protokol už také provedl buybacky v objemu přes 1,96 milionu PENDLE.
Pendle Finance just crossed a milestone that most DeFi protocols only daydream about. More than 100 million PENDLE tokens are now staked, representing roughly 36% of the project’s total supply, and emissions have been cut by 71%.
From vePENDLE to sPENDLE: a strategic overhaul Back in January 2026, Pendle scrapped its vePENDLE system, the vote-escrowed lockup model that had become standard fare across DeFi. The problem was simple. Only about 20% of the token supply was actively locked under vePENDLE, which meant the model wasn’t doing its job of aligning long-term incentives.
The replacement, sPENDLE, introduced liquid staking with a 14-day withdrawal period. The 36% staking rate against total supply proves the thesis: give users flexibility, and they’ll still commit capital voluntarily.
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The protocol also deployed an Algorithmic Incentive Module, or AIM, to dynamically manage token emissions. The original target was a 30% reduction in emissions. AIM overshot that goal by a wide margin, delivering a 71% cut instead.
Buybacks and airdrops sweeten the deal Since sPENDLE launched, Pendle has executed over 1.96 million PENDLE in open-market buybacks. Every single one of those tokens was distributed directly to stakers. On top of that, approximately $1.5 million in airdrops has been allocated to incentivize participation.
PENDLE’s circulating supply sits around 171 million tokens out of a total supply of approximately 278 million. With 100 million now staked, that leaves a meaningfully smaller float for trading.
Why the old model failed and the new one works The vePENDLE model suffered from a problem common across DeFi governance tokens. Long lockup periods discourage all but the most committed participants. When only 20% of supply is locked, the governance power concentrates in fewer hands, and the vast majority of holders sit on unlocked tokens with no particular reason not to sell.
sPENDLE’s 14-day withdrawal period threads the needle. It’s long enough to prevent purely speculative hot money from gaming staking rewards. It’s short enough that users don’t feel they’re making a years-long commitment in a market where conditions change weekly. The result is a staking rate that jumped from roughly 20% to 36% of total supply.
What this means for investors Investors should watch two things closely going forward. First, whether staking participation continues climbing or plateaus around current levels. Second, the sustainability of buybacks matters. Buybacks funded by genuine protocol revenue are bullish. Buybacks funded by treasury drawdowns are a different story entirely, and the distinction is worth monitoring.
One risk that often gets overlooked in staking-heavy models: a 14-day withdrawal period provides some buffer, but during a genuine market crash, that buffer can feel like an eternity. If a significant portion of stakers rush for the exit simultaneously, the withdrawal queue and subsequent sell pressure could create a cascading effect. It’s the tradeoff for all that locked-up liquidity, and it’s one that hasn’t been stress-tested in truly adverse conditions yet.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tým za Bittensor subnetem 23 představil HaloGuard 1.0, bezpečnostní AI model pro výzvy, který si nárokuje první místo v sedmi benchmarcích. Menší verze 0,8B má překonávat modely několikanásobně větší.
@trishoolai, the team behind Bittensor's (@opentensor) subnet 23, has released HaloGuard 1.0, a real-time prompt safety model that claims top-one rankings across seven established safety benchmarks. The launch, announced on July 2, puts a relatively compact model up against offerings from much larger AI labs.
Small models, strong resultsHaloGuard comes in two sizes. The 4B parameter version claims first place across all seven benchmarks it was tested on. The 0.8B version is positioned as a lightweight option that outperforms models several times its size, making low-latency deployment far more practical for developers building on AI pipelines or agent frameworks.
The core design philosophy is interception rather than remediation. HaloGuard screens prompts before they reach the underlying model or agent, catching potentially harmful inputs at the front door rather than filtering outputs after damage is done.
Built to break itselfThe subnet's incentive structure is what distinguishes it from conventional safety tooling. The system creates a competitive environment where miners submit adversarial prompts to identify potentially problematic behaviors. In plain terms, miners are paid to find ways to break the model, and each successful attack feeds back into a patch cycle. Trishool turns AI red-teaming into a decentralized, ongoing process, so that as AI gets smarter, the defenses and safety checks improve alongside it.
Trishool describes itself as a decentralized alignment layer designed to establish sovereign, market-validated safety for artificial intelligence, built to create a trustless mechanism for safe superintelligence by automating the safety loop at a planetary scale.
An earlier alpha version of HaloGuard is already running live on the Chutes subnet, the AI inference subnet that generated $43M in Q1 2026 real AI revenue, where it has reportedly recorded an 87% F1 score on real traffic since May. That live deployment gives the benchmark claims some grounding in production data, rather than controlled test conditions alone.
Bittensor is an open-source platform where participants produce digital commodities including AI inference and training. It is composed of distinct subnets, each an independent community of miners who produce the commodity and validators who evaluate the miners' work. HaloGuard's launch is a concrete example of that model being applied directly to AI safety infrastructure.
TradingView has expanded its market coverage by adding real-time data for Hyperliquid and Trade[XYZ], giving users access to onchain perpetual and spot markets directly through its charting platform.
Summary
TradingView has added real-time Hyperliquid and Trade[XYZ] market data to its charting platform. Users can now track crypto, equities, commodities, forex, and pre-IPO perpetual markets around the clock. The integration comes days after Singapore’s MAS placed Hyperliquid on its Investor Alert List. According to TradingView, the new integration brings live pricing for Hyperliquid’s crypto perpetual and spot markets alongside Trade[XYZ] markets covering equities, commodities, foreign exchange, and pre-IPO companies.
Trade[XYZ] and Hyperliquid data is now live on @tradingview. Putting this data where traders live has been a top priority for us.
Markets are increasingly shaped by events unfolding around the clock, and price discovery shouldn't stop when traditional venues close.
Users now…
— trade.xyz (@tradexyz) July 2, 2026 The data is available through TradingView’s Supercharts, allowing traders to follow price movements throughout the day, including when traditional financial markets are closed.
The addition extends the range of assets available on TradingView without requiring users to leave the platform for onchain market data. Hyperliquid markets appear under the HYPERLIQUID symbol prefix, while Trade[XYZ] listings can be accessed using the HIP3XYZ prefix through the platform’s symbol search.
Hyperliquid expands beyond its core exchange Built on its own layer-1 blockchain, Hyperliquid operates an onchain perpetual futures exchange that currently supports more than 300 perpetual and spot markets across cryptocurrencies, commodities, and indices.
The ecosystem has also grown through HIP-3, a protocol upgrade that allows third-party developers to launch perpetual markets using Hyperliquid’s infrastructure. Under that framework, Trade[XYZ] has become the first major deployment, offering perpetual markets tied to multiple asset classes, including cryptocurrencies, equities, as well as crypto spot trading.
By adding both Hyperliquid and Trade[XYZ] feeds, TradingView has made those markets available alongside its existing charting tools, enabling traders to monitor perpetual contracts and spot assets from a single interface.
Regulatory attention has continued alongside platform growth The TradingView integration comes days after the Monetary Authority of Singapore added Hyperliquid to its Investor Alert List, as previously reported by crypto.news.
According to the regulator, the listing covers both the Hyper Foundation website and the Hyperliquid trading application. MAS said the Investor Alert List is intended as a consumer protection measure identifying entities that could be mistakenly viewed as licensed or regulated by the authority. The regulator also stated that inclusion on the list does not constitute a ban or an enforcement action.
Following the listing, Hyperliquid said it had never claimed to be licensed or authorized by MAS.
Despite the regulatory attention, the decentralized exchange has remained one of the largest trading platforms in the sector. According to CoinGecko, Hyperliquid ranks as the sixth-largest decentralized exchange by trading volume. Separately, DefiLlama estimates that the protocol currently secures about $5.76 billion in total value locked.
The latest TradingView integration gives market participants another way to follow activity across Hyperliquid’s expanding ecosystem, combining live data from crypto perpetuals, spot assets, and Trade[XYZ]’s cross-asset markets within a single charting environment.
Irská policie znovu převedla na blockchainu bitcoin za 30 milionů USD, který dříve zabavila v případu Cliftona Collinse. Účel transakce zatím úřady nevysvětlily.
A total of $30 million worth of Bitcoin, linked to criminal investigations involving Clifton Collins in Ireland, has once again moved on the blockchain. This unexpected development has raised questions about whether the previously seized digital assets are being prepped for sale or if the movement was simply a technical wallet transfer initiated by authorities.
Focus on Coinbase and Irish policeClifton Collins is widely known for amassing over $400 million in Bitcoin through illegal activities. However, reports stated that Collins later lost access to most of these holdings. In March 2024, the Irish national police force, An Garda Siochana, seized $30 million worth of Bitcoin from the case and transferred the funds to Coinbase for safekeeping.
Recent on-chain activity revealed that the same $30 million has been relocated once again. Blockchain analytics firms such as Arkham Intelligence and Lookonchain tracked this transaction. As of now, Irish authorities have yet to issue an official statement clarifying the intention behind the transfer.
Glossary: An Garda Siochana is the national police force of Ireland. Arkham Intelligence and Lookonchain are analytics platforms that monitor wallet movements using publicly available blockchain data.
Irish authorities have not yet provided an official rationale for the latest transaction, leaving it unclear whether the movement signals preparations for sale or merely represents a custody adjustment.
Transparency sets this case apart from traditional seizuresThe open ledger structure of Bitcoin allows these seized assets to be tracked in real-time, in stark contrast to conventional asset forfeiture processes which typically lack transparency. Public traceability of wallet activity enables both market participants and regulatory bodies to scrutinize such moves more closely than ever before.
Another key issue for the sector is the role exchanges and custodians play in holding state-controlled Bitcoin assets and facilitating potential sales. Aspects such as wallet security, authorization of transfers, and the timing of sales are likely to be critical as these processes evolve.
Market impact expected to remain limitedTechnical teams partnering with institutional investors monitor such cases not only from a legal perspective but also for possible market implications. Movements of wallets controlled by state entities could set benchmarks for future seizure and sale protocols.
According to Glassnode data, inflows from government wallets typically account for less than 0.1% of daily BTC trading volume, indicating that such transactions are unlikely to pose systemic pressure on the market.
TitleDataAmount seized in March 2024$30 million BTCMost recent transfer$30 million BTCShare of government wallet inflows in daily BTC volumeBelow 0.1%Glassnode data shows that inflows from government-controlled wallets have generally remained below 0.1% of daily BTC trading volumes.
Next steps: sale or auction might be aheadIrish authorities are expected to make an official announcement in the near future. While possibilities include a public auction or an over-the-counter sale, it remains premature to conclude that the recent movement signals an imminent sale without formal confirmation.
The case has become a focal point for ongoing discussions on how governments should handle confiscated crypto assets. While Bitcoin’s pseudonymous design remains a factor, on-chain traceability allows for detailed tracking of asset movements, contributing to broader debates over digital asset management practices by state actors.
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.
Capital movements within the blockchain very often precede the price dynamics visible on trading terminals. While the crypto market is going through a phase of uncertainty and successive corrections, a major divergence is emerging on the Ripple network. This phenomenon of complete disconnection between different categories of investors raises questions about the medium-term trajectory of the token. Far from the emotional reactions that often characterize the general public, on-chain data reveals large-scale institutional activity of rare intensity. Understanding this strategic positioning is crucial to anticipate the structure of upcoming market cycles.
In Brief Whales take advantage of the XRP drop to quietly strengthen their positions, while many retail investors succumb to panic. On-chain data shows growing concentration of XRP reserves in the hands of large holders, accompanied by a sharp increase in withdrawals from exchanges. This accumulation strategy could reduce the available supply on the market and encourage a rebound in XRP, even though such concentration also increases volatility risks. The Opportunism of XRP Whales : The Market Rift The behavior of retail investors facing the recent fluctuations of XRP perfectly illustrates the psychological mechanisms governing market turning points. According to recent data, the drop of Ripple’s crypto has intensified to reach a local bottom, profoundly altering the distribution of forces at play :
The decline of XRP’s price down to the threshold of $1.04 “may have triggered fear among smaller traders, but large investors saw this as a buying opportunity,” according to market analyst Xaif Crypto ; The altcoin initiated a technical rebound to settle at $1.06 ; The underlying blockchain activity indicates growing accumulation by whales rather than a true wave of widespread selling. This configuration reveals a massive value transfer from the less capitalized wallets to the most influential entities in the ecosystem. In behavioral finance, these periods of strong correction are called capitulation phases for the general public, which tends to sell at a loss triggered by anxiety. Historic whales, drawing on their experience of previous cycles, precisely exploit these moments of collective panic to build or reinforce their positions at heavily discounted prices.
The history of global financial markets, and more specifically cryptos, shows that these phases of discreet accumulation, conducted away from public view, very often precede a sustained trend reversal as soon as the retail selling pressure is completely exhausted.
Control Over Centralized Platforms and the Explosion of Outflows Beyond a simple assessment of buying dynamics, on-chain analysis tools reveal a structural change in XRP distribution on the main global exchanges. A technical indicator proves particularly revealing of this trend: “the All CEX whale spread,” which measures the holding gap between investor categories on centralized platforms. This indicator has risen to 50.9%, indicating factually that whales now control a significantly larger share of XRP reserves held on exchanges.
This phenomenon is not limited to a single platform, as Binance is also approaching the critical threshold of 50% dominance by whales, confirming that large holders continuously increase their influence over the liquidity available on the world’s largest exchanges.
Such supply concentration is accompanied by another major trend: a spectacular increase in token withdrawals to external custody solutions. Data from the Coinbase platform show that outflows initiated by very large wallets have accelerated sharply. Transfers involving volumes greater than 1 million XRP have jumped, rising from 10% to 25.7% of the total activity on this exchange within just two weeks.
Thus, these waves of massive withdrawals constitute fundamentally bullish signals. They indicate that these large-scale investors choose to secure their assets in private wallets for long-term holding rather than leaving them on exchanges where they might be liquidated at the slightest market disturbance.
Between Historic Seasonality and Risks of Supply Centralization To complete this analysis of the XRP ecosystem, it is important to consider a temporal dimension specific to the crypto’s history. Market cycles often follow recurring seasonal trends that overlay the movements of large investors. Historically, the month of July has established itself as one of the most favorable periods for XRP.
This historic seasonal strength triggers many speculations among observers, who believe that this favorable calendar could opportunely align with the current wave of accumulation by whales. While past data do not guarantee future performance, they provide a framework frequently integrated by fund managers into their predictive models to anticipate the end of latent consolidation phases.
The impact of these coordinated moves could redefine the balance of supply and demand in the coming weeks, opening the way to contrasting market prospects. By appropriating a predominant share of liquidity and moving these tokens off the circuit, whales are causing a progressive drying up of the available supply.
In the short term, if this accumulation phase continues and the general sentiment of the crypto market improves, even a slight return of demand from retail buyers could cause a rapid price appreciation, amplified by the scarcity of tokens available for sale on exchanges.
However, such volume concentration in the hands of a small circle of actors also carries risks of manipulation or increased volatility, as the future decisions of these few large holders will have a disproportionate influence on the price of XRP.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ethereum Foundation vydala politický průvodce, který představuje Ethereum jako neutrální veřejnou infrastrukturu pro vlády a instituce. Opírá se o zhruba $76 miliard stakovaného ETH jako argument pro bezpečnost sítě.
The Ethereum Foundation published a policy guide on July 1, positioning Ethereum as neutral public infrastructure for governments and institutions. The document, prepared by the foundation’s Global Policy Strategy Team, frames Ethereum as a decentralized alternative to the centralized digital systems that many governments currently rely on for payments, identity verification, and record-keeping.
$76 Billion in Staked ETH as a Security Argument The guide cites an OpenZeppelin analysis showing approximately $76 billion in staked ETH securing the Ethereum network as of March 2026.
It would cost roughly $50.7 billion to finalize a fraudulent transaction on the network, excluding automatic slashing penalties, according to a Cryptopolitan report. The foundation contrasts Ethereum’s continuous uptime since its 2015 launch with that of other layer-1 blockchains reviewed in the OpenZeppelin analysis.
Binance Smart Chain, XRP Ledger, Tron, Solana, and Canton each experienced between one and seven outages and had comparatively few economic deterrents to attack, the report found. Ethereum’s validator set is globally distributed across nations and legal systems, with no single country controlling a majority share.
“Ethereum is a decentralized ecosystem that functions through the activity of a large, diverse, and global group of stakeholders,” the guide stated. “That breadth of participation is one of the things that makes Ethereum so secure, which in turn is what makes it the top choice for institutions, enterprises, and the public sector.”
From Investment Asset to Digital Infrastructure Ethereum has historically been discussed as the second-largest cryptocurrency by market capitalization. The foundation is now framing it as foundational digital infrastructure comparable to the internet’s base protocols.
That rebranding could influence how regulators worldwide classify public blockchains and the tokens that operate on them. The guide highlights sovereign governments already using Ethereum-based solutions. Argentina and Bhutan have built decentralized identity systems on the network.
Indian authorities are testing Ethereum-based land registries to reduce property fraud in title transfers. The foundation encourages lawmakers to define a clear distinction between public blockchains open to anyone and those controlled by a single organization or foundation.
Timed With a Foundation Restructuring The policy guide arrives alongside a structural overhaul at the Ethereum Foundation. The organization cut roughly 20% of its workforce and created an “institutional layer” cluster focused specifically on government and enterprise engagement. A separate nonprofit, Ethereum Institutional, also launched this week with backing from key ecosystem participants.
If governments begin adopting Ethereum as public infrastructure, the regulatory clarity it would generate would extend well beyond Ethereum itself. The precedent would shape how all public blockchains are classified, potentially accelerating institutional investment across the broader digital asset market.
The guide cites independent security audits and uptime data while noting that one unnamed layer-1 blockchain had an organization controlling about 42% of the token supply, a trait that institutions would typically need to disclose and mitigate.
The foundation’s next test is whether this guide moves from policy paper to government procurement shortlist, a process that typically takes years rather than months.
Paolo Ardoino potvrdil, že Tether nepožádal o licenci MiCA pro USDT a označil pravidla EU pro rezervy stablecoinů za nebezpečná. USDT je po skončení přechodného období vyřazován z platforem v EHP.
Tether CEO Paolo Ardoino has chosen a hill to die on, and it happens to be the entire European Union’s crypto regulatory framework. On July 2, Ardoino confirmed that Tether deliberately did not apply for a MiCA license for USDT, calling the EU’s stablecoin reserve rules “dangerous” and “ill-conceived.”
The timing is not subtle. His statement landed one day after MiCA’s transitional period officially ended on July 1, triggering the delisting and geofencing of USDT across major EU-regulated platforms including Coinbase, Kraken, Crypto.com, and Binance in the European Economic Area.
The reserve rule Tether won’t touch At the heart of the dispute is a single requirement: MiCA mandates that significant stablecoin issuers, defined as those with over 5 billion euros in circulation or more than 10 million users, must hold at least 60% of their reserves in cash deposits at European banks.
Tether, with a market cap of approximately $184B and a user base Ardoino claims exceeds 400 million, would comfortably qualify as “significant” under those thresholds. Which is precisely the problem, from his perspective.
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Ardoino’s argument boils down to concentration risk. Parking tens of billions of dollars in European bank accounts means Tether’s reserves are only as safe as those banks. If a bank fails, a chunk of the reserves backing the world’s largest stablecoin could evaporate overnight.
It’s not a purely hypothetical concern. The collapse of Silicon Valley Bank in March 2023 briefly caused Circle’s USDC to depeg when $3.3 billion of its reserves were trapped at the failing institution. Ardoino appears to be pointing at that exact scenario and saying, “Now imagine that, but mandated by law.”
Tether’s current strategy favors higher-yielding, more liquid assets, particularly US Treasuries. The company has repeatedly argued that short-dated government securities are safer and more transparent than fractional-reserve bank deposits.
What this means for European crypto traders The practical fallout is already here. European users of USDT are now locked out of trading pairs on several of the continent’s largest exchanges. Circle’s USDC and its euro-denominated EURC are fully authorized under MiCA and remain freely available on European platforms, while USDT is now effectively persona non grata in a market of 450 million people.
The competitive landscape shifts Circle is the obvious winner of this regulatory split, at least on paper. With USDC as the only major dollar-denominated stablecoin fully compliant with MiCA, the company has a clear runway to capture European market share that USDT is voluntarily surrendering.
That said, USDT’s $184B market cap dwarfs USDC by a significant margin. Tether’s dominance in global markets, particularly across Asia, Latin America, and emerging economies, remains largely untouched by European regulations. Ardoino has repeatedly framed Tether’s mission around serving the unbanked and underbanked, populations that are decidedly not the EU’s primary demographic.
The 400 million user figure Ardoino cited underscores this point. The vast majority of those users are outside Europe, and Tether’s growth strategy has long prioritized regions where access to stable dollar-denominated assets is a genuine lifeline rather than a trading convenience.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
THEA získala 8 milionů USD na vývoj koordinační vrstvy pro AI na Solaně, která bude řešit žádosti a vypořádání off-chain. Kolo vedly Maven11 Capital, Spartan Group, ManifoldTrading, HackVC a Fisher8 Capital.
The fresh $8 million raise for predictive behavioral AI network THEA puts Solana at the center of a quiet but consequential race. Instead of forcing inference computation on-chain—an expensive and slow proposition—the project is building a coordination layer that settles accounts and routes requests while the heavy math stays off-chain. The approach addresses a friction that has kept machine learning outputs from being reliably used in DeFi and on-chain automation. The funding round, led by Maven11 Capital, Spartan Group, ManifoldTrading, HackVC and Fisher8 Capital, arrived as institutional interest in crypto-AI convergence keeps climbing.
Solana has consistently ranked among the top chains by developer activity, as seen in recent weekly developer rankings, and the network’s low-latency architecture makes it an attractive settlement layer for AI coordination. THEA plans to use Solana to manage inference requests, accounting, and settlement, treating the blockchain as a verifiable ledger rather than a compute engine. It is a division of labor that mirrors how certain high-frequency trading systems operate: speed-sensitive logic stays close to the hardware, while finality and dispute resolution happen on-chain.
The Case for Keeping Computation Off-Chain On-chain inference remains a bottleneck. Running neural networks directly on Ethereum or Solana is not only cost-prohibitive but also introduces latency that breaks real-time use cases. THEA’s design acknowledges that machine learning models will run where they perform best—on GPUs, TPUs, or future specialized hardware—while Solana provides an immutable record of who requested what, which model was used, and who should be paid. This separation could unlock a market where AI services are paid for on a per-inference basis, with settlement flowing through SOL or SPL tokens.
The structure also lowers the trust barrier. Rather than requiring every user to audit a model’s output, the network coordinates what answers were delivered and provides a settlement trail. The round included trading firm ManifoldTrading, which suggests institutional interest not just in the technology but in how AI outputs could be plugged into execution environments. A transparent ledger of AI interactions is something that quant funds and automated strategy builders might find particularly useful.
What Solana’s Ecosystem Gains From an AI Settlement Layer THEA’s launch could give Solana-based DeFi protocols a native way to integrate predictive models without building their own infrastructure. If a lending protocol wants to use AI to score borrower risk or a DEX wants to reroute orders based on model-driven slippage forecasts, the coordination layer would handle the invoicing and settlement. These kinds of partnerships mirror other AI-driven Web3 integrations, such as UXLINK and Origins Network, where off-chain compute is paired with on-chain coordination. Teams building on Solana get a middleware that reduces the time from model output to on-chain action.
The timing matters. A string of recent infrastructure deals has pushed the total value of tokenized real-world assets past $20 billion, and on-chain settlement for non-speculative data—such as AI predictions—could be next. If THEA’s model gains traction, Solana might see a new category of transaction volume that does not originate from token swaps or NFT mints but from machine-to-machine invoicing. That would add a different kind of fee base and broaden the network’s utility beyond its current DeFi and memecoin identity.
Open Questions and What to Watch Despite the raise, several things are not yet settled. THEA’s tokenomics have not been disclosed, and it is unclear whether the network will introduce a native token, use SOL as the primary gas and settlement unit, or structure fees in stablecoins. The decision will shape how value accrues and whether the protocol is perceived as a Solana-native asset or an external service that uses Solana as a utility.
Adoption also hinges on how many AI model providers plug into the network. THEA’s coordination layer only works if there is enough supply of predictive behavioral models willing to accept payment through on-chain rails. For now, the networks that dominate AI inference—mostly centralized providers—have shown little interest in crypto settlement. If THEA cannot bridge that gap, the network may struggle to attract volume from serious machine learning teams.
Another variable is Solana’s reliability. While the chain’s uptime has improved, a coordination layer that handles real-time inference requests demands near-perfect block production and minimal state bloat. Even short delays in settlement could create discrepancies between off-chain model results and their on-chain record, opening arbitrage or dispute scenarios. Traders watching THEA should track the ratio of inference requests settled versus failed, if that data becomes public.
Still, the raise signals that venture capital sees value in the plumbing between AI and blockchains, not just in yet another layer-one token or decentralized compute marketplace. If THEA executes, Solana could become the de facto settlement environment for an emerging class of machine intelligence services. The next test is a mainnet launch that shows real usage, not just a well-funded idea.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Solana ve 2. čtvrtletí 2026 dosáhla rekordních 4,84 miliardy USD v tokenizovaném obchodování akcií a 257 milionů USD na výnosech z dApp. Síť zároveň nastavila nová maxima v transakcích i perpetual futures s objemem 183 miliard USD.
Solana delivered one of its strongest quarters to date in Q2 2026, setting new records across several of its most closely watched metrics. The network reached all-time highs in tokenized equities trading, perpetual futures volume, and transaction activity while maintaining its lead in dApp revenue.
Tokenized Equities Reach New Peak Solana recorded its strongest quarter ever for tokenized equities spot trading in Q2 2026, processing $4.84 billion in volume. The network also captured more than 96% of the market, handling more tokenized equity trading volume than every other blockchain combined.
The achievement also extended Solana's lead over all other blockchains to 4 consecutive quarters, reinforcing its position as the leading network for tokenized equities.
dApps Extend Revenue Leadership Applications built on Solana generated $257 million in revenue during the quarter, keeping the network ahead of every Layer 1 and Layer 2 blockchain for the 9th consecutive quarter.
Developer activity and user demand remained strong across the ecosystem despite increasing competition from other networks.
Transaction Activity Hits New Records Solana's transaction activity reached new all-time highs across every major timeframe. Daily, weekly, and monthly transaction counts all set new records during Q2.
The network increased its share of total blockchain transactions to 59%, the highest level in 11 months. Quarterly transaction activity reached roughly 9.8 billion non-vote transactions, reflecting sustained growth in onchain usage.
Perpetual Futures Trading Surges Perpetual futures trading on Solana reached another milestone, with quarterly notional volume climbing to a record $183 billion. Competition among decentralized perp DEXs intensified throughout the quarter. GMTrade emerged as the largest contributor to quarterly volume, followed by Pacifica and Jupiter, also contributed meaningful activity.
GMTrade's rapid expansion built on momentum that began earlier in the year. By May, the platform had surpassed $40 million in TVL, processed more than $50 billion in cumulative trading volume, and generated over $6.58 million in protocol fees.
Phoenix also continued to gain traction despite claims of “kingmaking” by the Solana Foundation. The platform reached a new all-time high in daily trading volume in Q2 and introduced Flight Codes, a feature that allows developers to monetize applications and services built on its markets.
Foundation Stake Continues to Decline The Solana Foundation Delegation Program continued reducing its share of the network's stake. By the end of Q2 2026, Foundation delegated stake had fallen to about $1.6 billion, representing 4.92% of total network stake.
The continued decline reflects the Foundation's ongoing effort to reduce its direct influence over network validation as the validator ecosystem matures.
Taken together, the Q2 2026 metrics point to continued growth across Solana's ecosystem despite poor market ocnditions many participants viewed as the peak of the bear market. If Q2 ultimately proves to have marked the bottom of the present market cycle, these record metrics could provide a foundation for even greater growth in the coming quarters, particularly in tokenized equities trading.
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Illuvium reports 40,000 daily active users averaging 90 minutes of gameplay in its open beta, signaling a shift from speculative token farming to genuine player engagement. The Lamborghini partnership triggered a 35% rally in ILV prices, integrating the automaker into the Beyond game with limited collectibles and a $50,000 Motorverse Cup prize pool. Staking V3 migrated to the Base network with up to 3x reward boosts for users who lock tokens and hold legacy staking history from V1 and V2 contracts. Web3 gaming tokens surged 300% in early 2026, though ILV’s historical annualized volatility exceeds 100%, making it unsuitable for capital-preservation investment strategies overall. Illuvium shifted from inflationary staking rewards to a Revenue Distribution model in 2026, tying token holder returns directly to actual game revenue rather than emissions. Web3 gaming tokens surged 300% in early 2026, and Illuvium sits at the center of that recovery with 40,000 daily active users in its open beta, CoinMarketCap’s latest analysis noted. An unexpected Lamborghini partnership announcement drove a 35% rally in ILV.
But does gameplay engagement translate into sustainable token value? This article examines Illuvium’s investment case through five lenses: gameplay metrics, tokenomics, staking mechanics, competitive positioning, and risk factors.
Gameplay Metrics and the Lamborghini Partnership Illuvium’s open beta reports 40,000 daily active users averaging 90 minutes per session. The game spans several connected experiences: an open-world RPG for creature capture, a strategy battle arena, and a land management simulation.
All share the same NFT asset layer, meaning creatures captured in the RPG transfer into the strategy game; top players have earned between $100 and $300 per week.
The Lamborghini collaboration, announced in mid-2026, integrates Automobili Lamborghini into the Beyond game through limited Wave 5 collectibles, custom Battleboards, and The Motorverse Cup event with a $50,000 prize pool, NFT Playgrounds reported.
ILV surged 35% on the announcement, then pulled back. VanEck’s digital assets team published a detailed assessment asking whether Illuvium can become “crypto gaming’s AAA breakthrough,” in a report on their website.
Tokenomics: From Inflationary Rewards to Revenue Distribution Illuvium’s investment structure revolves around three asset categories: the ILV governance token, Land NFTs, and in-game collectible Illuvials. In 2026, the project shifted from inflationary staking rewards to a Revenue Distribution model, as explained in Bitget’s investment guide.
This structural change ties token holder returns to actual game revenue rather than emission schedules, reducing the sell pressure that plagued earlier GameFi token models.
Staking V3 migrated to the Base network, requiring users to bridge ILV tokens from Ethereum. Stakers can choose between an ILV vault and an ILV/ETH vault.
Lock periods boost rewards up to 3x, with additional multipliers for users who staked on V1 and V2 contracts, as the Illuvium Portal’s staking guide details. This legacy loyalty mechanism rewards long-term holders over recent buyers, creating a structural advantage for early participants.
Risk Factors and Competitive Pressures ILV’s annualized volatility has historically exceeded 100%, and its price is currently trading around $3.54, with an expected peak of $4.10, CoinMarketCap’s prediction model estimates. This level of volatility makes ILV unsuitable for capital preservation strategies.
The broader GameFi sector faces intense competition, with Gala Games, Axie Infinity, and new entrants all competing for a limited pool of Web3-native players.
ILV’s price depends heavily on game adoption metrics. If daily active users plateau or decline, demand for tokens from gameplay-driven transactions falls. The 2022-2024 GameFi collapse demonstrated how quickly player numbers can evaporate when token incentives dry up.
Illuvium’s shift to revenue distribution addresses this by removing dependence on emission-funded rewards, but the model’s sustainability depends on growing game revenue, which remains unproven at scale. FinanceFeeds’ coverage of the DeFi-powered mobile gaming sector provides additional context on how gaming token economics are evolving across the industry.
Illuvium’s 40,000 daily active users and 90-minute average session times compare favorably to most blockchain games but remain far below traditional gaming benchmarks. For context, mid-tier mobile games routinely sustain 500,000-plus daily players.
The Lamborghini partnership adds brand credibility but no recurring revenue stream. The real investment thesis hinges on whether the Revenue Distribution model can generate sufficient income to justify ILV’s current valuation without relying on token-emission subsidies.
Regulatory Implications Gaming NFTs and governance tokens face evolving regulatory scrutiny. The SEC has not issued definitive guidance on whether in-game NFTs constitute securities. MiCA’s treatment of utility tokens may provide a framework for European classification. Illuvium’s DAO governance structure could attract regulatory attention if ILV is reclassified as a security in any major jurisdiction.
Next Steps for Gamers Illuvium’s full launch remains the primary catalyst. The Motorverse Cup tournament will test whether competitive events can drive sustained engagement beyond the current beta user base.
Investors should track daily active user trends, Revenue Distribution payouts, and Staking V3 participation rates as leading indicators of token demand. Price projections are speculative and depend on adoption metrics that remain in their early stages.
FAQs What is Illuvium and how does its game work?
Illuvium is an AAA blockchain game on Immutable X combining an open-world RPG, strategy arena, and land simulation, where players capture, battle, and trade NFT creatures.
How many daily active users does Illuvium have?
Illuvium reports 40,000 daily active users in its open beta as of 2026, with players averaging 90 minutes of gameplay per session across its connected game experiences.
What is Illuvium’s Staking V3, and where does it operate?
Staking V3 runs on the Base network, offering ILV and ILV/ETH vaults with up to 3x reward boosts for locked stakes and legacy bonuses for V1 and V2 stakers.
What was the Illuvium Lamborghini partnership about?
Automobili Lamborghini partnered with Illuvium to integrate branded content into the Beyond game, including limited collectibles, custom Battleboards, and a $50,000 tournament prize pool.
Is ILV suitable for conservative investors seeking stable returns?
No, ILV’s annualized volatility has historically exceeded 100%, and its price depends on game adoption metrics, making it unsuitable for capital preservation or stable-return strategies.
How did Illuvium change its tokenomics in 2026?
Illuvium shifted from inflationary staking rewards to a Revenue Distribution model that ties token holder returns directly to actual game revenue rather than emission schedules.
What risks should investors consider before buying ILV tokens?
Key risks include extreme price volatility exceeding 100% annually, dependence on player adoption growth, intense competition in the GameFi sector, and evolving regulatory treatment of gaming NFTs.
References Can Illuvium Become Crypto Gaming’s AAA Breakthrough? – VanEck Illuvium Staking V3 Guide – Illuvium Portal Lamborghini Powers Into Illuvium NFTs – NFT Playgrounds Illuvium Investment Guide 2026 – Bitget Academy
Trust Wallet integroval technologii Intercepta pro detekci hrozeb v reálném čase pro svých 220 milionů uživatelů. Cílem je odhalit rizikové transakce ještě před podpisem.
Trust Wallet just handed its 220 million users a new security layer, integrating Intercepta’s real-time threat detection technology to flag risky transactions before they get signed.
The partnership is notable not just for its scale but for its timing. Trust Wallet suffered a browser extension breach in December 2025 that resulted in roughly $7 million in losses. Adding Intercepta’s screening is a direct response to the kind of threat that already cost its users real money.
What Intercepta actually does Intercepta, which rebranded from its previous identity as Web3 Antivirus, operates as infrastructure-level security rather than a consumer-facing product. It plugs into wallets and platforms behind the scenes, running risk analysis on transactions before users ever hit “confirm.”
The company offers six core modules: threat detection, signing simulation, risk and compliance screening, automation rules, and continuous monitoring. It watches what’s happening onchain in real time, simulates what a transaction will actually do, checks it against known threats, and flags anything suspicious, all in under one second of processing time.
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Intercepta claims a false positive rate below 0.001%. False positives in security systems are the reason people disable their antivirus software. A near-zero false positive rate means the warnings carry weight when they actually appear.
The platform monitors more than 100,000 threats daily across its supported blockchains.
A security infrastructure play across major wallets Trust Wallet isn’t Intercepta’s first major integration. The company already provides security infrastructure for MetaMask, which has over 100 million users, and 1inch, the DEX aggregator that has facilitated more than $788 billion in swap volume. Adding Trust Wallet’s 220 million users to that footprint makes Intercepta one of the most widely deployed security layers in the self-custody wallet ecosystem.
The company was founded around 2022 by Alexei Dulub, and its trajectory from a niche Web3 security tool to a platform embedded in the three largest wallet and trading interfaces in crypto has been remarkably quiet.
Trust Wallet’s December 2025 incident is a case study in why proactive screening matters. That $7 million loss came through a browser extension vulnerability, exactly the kind of attack vector that transaction simulation and threat detection are designed to catch before funds move.
What this means for investors and the broader market The self-custody wallet sector is entering an era where security is table stakes, not a differentiator. When the three largest wallet platforms—MetaMask, Trust Wallet, and the interfaces connected through 1inch—all run the same underlying threat detection infrastructure, the baseline expectation for transaction safety rises across the entire industry.
The risk to watch is concentration. If a single security provider underpins transaction screening for 300 million-plus wallet users across multiple platforms, a vulnerability in that provider’s system becomes a systemic risk for the entire ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Rocket Pool v upgradu Saturn 1 snížil minimální zástavu validátora z 8 ETH na 4 ETH a zavedl megapools. Současně aktivoval fee switch, který posílá asi 9 % příjmů protokolu stakovaným držitelům RPL v ETH.
Rocket Pool just made it a lot cheaper to run an Ethereum validator. The protocol’s Saturn 1 upgrade, which launched on Ethereum mainnet on February 18, 2026, cuts the minimum validator bond from 8 ETH to 4 ETH, effectively halving the barrier to entry for node operators who want to participate in decentralized staking.
What Saturn 1 actually changes Under the new structure, 8 ETH of bonded capital can now support up to 56 ETH in liquid deposits. Every dollar a node operator puts up can attract roughly seven dollars from passive stakers.
The upgrade also introduces megapools, a feature that lets operators manage multiple validators under a single smart contract. Instead of deploying separate contracts for each validator (and paying gas fees every time), operators can consolidate.
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Then there’s the RPL fee switch. Saturn 1 activates a protocol-wide mechanism that routes roughly 9% of protocol revenue to staked RPL holders, paid out in ETH rather than through token inflation. Instead of printing more RPL tokens as rewards, the protocol now shares actual revenue.
How Rocket Pool got here The Atlas upgrade in 2023 was the one that first brought the bond requirement down to 8 ETH, creating what the protocol called “minipools.” Houston followed, focusing on governance improvements and operational refinements, laying the groundwork for the revenue-sharing mechanisms that Saturn 1 now implements.
The Saturn series was always envisioned as a multi-phase rollout. Saturn 1 handles the bond reduction, megapools, and fee switch. Rocket Pool occupies an unusual position in the liquid staking landscape: while Lido dominates market share with a more centralized operator model, Rocket Pool has leaned into permissionless node operation as its differentiator, where anyone can run a node with no application required.
What this means for investors and stakers By doubling validator capacity per bonded ETH, Rocket Pool is making a direct play for more total value locked. For rETH holders, that translates to better liquidity and tighter spreads when entering or exiting positions.
The shift from inflationary rewards to ETH-denominated revenue sharing fundamentally changes the value proposition of holding and staking RPL. Under the old model, staked RPL holders received more RPL. Under Saturn 1, they receive ETH. Pre-launch enthusiasm already drove upward price momentum for RPL.
There’s also the question of whether 4 ETH bonds attract operators who are genuinely committed to running reliable infrastructure, or whether the lower barrier brings in participants who are less prepared for the operational demands of validating. Slashing risk doesn’t disappear just because the entry price dropped.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Arbitrum Foundation žádá 43,5 milionu USD na financování provozu do roku 2027, včetně 230 milionů ARB a 1 740 ETH. Návrh byl podán 22. května a o něm bude ARB DAO hlasovat od 8. června.
The Arbitrum Foundation just put a $43.5 million price tag on keeping the lights on through 2027. The formal governance proposal, submitted on May 22, requests $16 million in real-world assets and stablecoins, 1,740 ETH, and 230 million ARB tokens to fund everything from core infrastructure to ecosystem development.
Here’s the thing: the Arbitrum DAO only generated $23.49 million in gross profit during 2025. Asking for roughly 1.85 times your annual revenue to cover next year’s expenses is, to put it mildly, a conversation starter.
The numbers that matter The Foundation projects $27.6 million in operating expenses for 2027, plus an additional 244.9 million ARB tokens earmarked for various costs. More than half of the budget, about 54%, goes toward technical infrastructure, security, and hosting for the Arbitrum One and Nova networks.
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The 2025 revenue of $23.49 million came from transaction fees, a mechanism called Timeboost, and expansion programs. One DeFi analyst flagged that the Foundation would effectively be operating at approximately 2.3 times its 2025 revenue level if the proposal passes.
An on-chain vote is scheduled to begin on June 8, giving ARB token holders the final say. This funding request goes beyond the initial AIP 1.1 allocation, meaning the Foundation is coming back to the well for more than originally planned.
Why Offchain Labs looms large Buried in the proposal is a detail that adds urgency to the timeline. Offchain Labs, the primary developer behind Arbitrum’s core technology, has its current funding arrangement through the Foundation set to expire in January 2027. Without a new deal, the team building the actual protocol could theoretically need to seek DAO funding directly.
The Foundation positions itself as a cost center designed to let the DAO maximize revenue, handling operational work so the broader ecosystem can focus on generating value.
Growth metrics vs. financial reality Daily transactions on Arbitrum have increased over 270% since early 2023, and the network’s stablecoin supply has tripled over the same period.
The 230 million ARB tokens requested represent meaningful dilution pressure. When a DAO allocates hundreds of millions of its native token for operational expenses, those tokens eventually hit the market in some form, whether through direct spending, grant distributions, or contractor payments.
The 2.3x revenue-to-expense ratio is the number to watch. If Arbitrum’s transaction fee revenue scales meaningfully through 2027, possibly driven by that 270% transaction growth trend, the spending could look prescient. If revenue flatlines or L2 fee compression continues across the industry, this proposal could become exhibit A in a case study about DAO fiscal discipline.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ondo Finance přidává k tokenizovaným akciím a ETF hlasovací práva pro držitele díky partnerství s Broadridge. Více než 250 tokenizovaných cenných papírů získá proxy voting a přístup k firemním dokumentům.
Ondo Finance is adding shareholder voting rights to its tokenized stocks and exchange-traded funds (ETFs) through a partnership with financial infrastructure provider Broadridge, addressing one of the key limitations of blockchain-based securities.
The companies announced Thursday that holders of more than 250 tokenized securities issued through Ondo will be able to participate in proxy voting and access corporate communications, including regulatory filings and other shareholder documents.
The integration uses a Web3-enabled version of Broadridge’s investor communications platform, allowing users to authenticate with blockchain wallets while accessing governance services typically reserved for shareholders in traditional markets.
The move comes as tokenized equities gain momentum among digital asset companies seeking to bring conventional financial products onchain. While tokenization promises faster settlement and around-the-clock trading, questions have remained over whether investors would receive the governance rights that accompany traditional direct stock ownership.
Source: Ondo Finance
Ondo said the governance features will accompany the launch of its first US custodial tokenized securities, including tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU). The company said the assets are the first issued under the US Securities and Exchange Commission's third-party custodial framework for tokenized securities.
Competition heats up in tokenized equitiesThe market for tokenized stocks has expanded rapidly this year, as its total value first surpassed $1 billion in March, according to Foresight Ventures. Data published by Ondo on Wednesday showed the market has since grown to $1.67 billion, with nearly 181,000 unique holders.
Ondo is one of several companies competing for a share of the fast-growing market. Backed Finance, which issues tokenized stocks through its xStocks platform, has also expanded its footprint, with its products now available across multiple crypto exchanges and blockchain networks.
The market for tokenized stocks has grown nearly 14-fold since May 2025. Source: Ondo Finance
Tokenization has emerged as one of crypto’s fastest-growing sectors in 2026, defying broader market weakness. A recent 21shares report attributed the trend to rising institutional adoption and improving infrastructure. Separate data from Binance showed the value of tokenized real-world assets, including stocks, has surged nearly 600% over the past year.
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.
Hyperliquid oficiálně zavedl GRAM perpetual futures s pákou až 5x, takže obchodníci mohou na tomto aktivu spekulovat i se zajištěním. Listing přišel po silné komunitní poptávce a růstu objemu na Binance a Upbit.
Hyperliquid Adds GRAM Perps After Sustained Community Requests@HyperliquidX has officially listed $GRAM perpetual futures, allowing traders to go long or short on the asset with up to 5x leverage. The listing follows a sustained wave of community requests as the token gained volume across major global venues including @Official_Upbit and @Binance.
The move gives traders their first high-performance decentralized venue for hedging $GRAM exposure. Hyperliquid is a Layer 1 blockchain known for its fully onchain order book and perpetual futures exchange, where every order and liquidation is executed and settled transparently onchain.
What Is GRAM and Why Does It Matter NowThe timing of the listing is closely tied to a significant rebrand on @Ton_blockchain. On June 15, 2026, the token formerly known as Toncoin was officially renamed Gram, with the ticker switching from TON to GRAM after a community governance vote passed with 81.22% support. The blockchain itself retains the name The Open Network.
The rebrand was a pure branding update covering name, ticker, and logo only. There was no new contract, no token swap, and no migration step of any kind. All $TON balances converted to $GRAM automatically at a 1:1 ratio, with no action required from holders.
The name Gram carries historical weight. The Gram rename is step four of Pavel Durov's Make TON Great Again roadmap, with Telegram now serving as the network's primary operator and largest validator. Gram was the original token name chosen in TON's 2018 whitepaper before U.S. regulatory pressure forced the project to pause and restructure under community leadership.
With $GRAM now trading at scale across centralized venues and the rebrand fully live, Hyperliquid's listing provides a decentralized derivatives layer for traders seeking to hedge or speculate on the asset without relying on custodial infrastructure.
V Keni lze přes Lightning Network platit bitcoinem za taxi, jídlo i kávu, zatímco obchodníkům okamžitě přicházejí keňské šilinky přes M-Pesa. Tando navíc umožnil asi 40 milionům Keňanů přijímat bitcoin přes jejich telefonní čísla.
Somewhere in Nairobi, someone just paid for a cab ride with Bitcoin. Not in the “sold BTC on an exchange, withdrew to a bank account, then transferred funds” kind of way. The actual, tap-your-phone-and-go kind of way. And the driver received Kenyan shillings instantly without ever touching a crypto wallet.
That’s the promise of Tando, a Kenyan payments app founded by Jason and Sabina Waithira that has quietly built a bridge between Bitcoin’s Lightning Network and M-Pesa, Kenya’s dominant mobile money system.
How Tando actually works A customer pays in Bitcoin over the Lightning Network. Tando converts it to Kenyan shillings instantly. The merchant receives KES directly into their M-Pesa account. No crypto wallet required on the merchant’s end, no volatility risk, no waiting around for block confirmations.
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The app launched in July 2024 and was already processing over 100 transactions daily by mid-2025. Users pay no additional transaction fees, which removes one of the biggest friction points that has historically plagued crypto payments.
In May 2026, Tando hit a milestone that explains why this story matters beyond Kenya’s borders. The app enabled approximately 40 million Kenyans to receive Bitcoin payments by converting their M-Pesa phone numbers directly into Lightning addresses. Forty million people, roughly the entire adult population of Kenya, can now be on the receiving end of a Lightning payment without downloading anything new or understanding what a satoshi is.
Why Kenya is the perfect testing ground To understand why this works in Kenya specifically, you need to understand M-Pesa. Launched in 2007 by Safaricom, M-Pesa essentially turned every phone number into a bank account long before the rest of the world started talking about “financial inclusion.”
Real-world use cases have already been demonstrated publicly. During the 2024 African Bitcoin Conference, attendees used Tando to pay for transportation fares and restaurant bills. By the time the Bitcoin Nairobi Conference rolled around in June 2026, the app’s new capability of converting M-Pesa numbers into Lightning addresses was a major talking point.
The founders champion a “spend, not sell” approach to Bitcoin. Rather than treating BTC as a speculative asset you eventually cash out, the idea is to use it as actual money.
What this means for investors and the broader market Tando has demonstrated that you can plug Bitcoin into an existing, trusted, widely adopted financial system without asking merchants to change anything about how they operate. The merchant doesn’t need a wallet. They don’t need to understand Lightning channels. They just get shillings.
The risk, of course, is regulatory. Kenya’s approach to crypto regulation has been evolving, and any sudden policy shift could disrupt Tando’s operations. There’s also the question of sustainability: processing payments with zero fees is a great user acquisition strategy, but it’s not an obvious business model.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperscale Data přidala do rezerv 67 bitcoinů a celkem drží 849 BTC. Firma tak posílila pozici mezi veřejně obchodovanými společnostmi s největšími bitcoinovými rezervami.
US-based artificial intelligence data center company Hyperscale Data has announced the addition of 67 more Bitcoin to its reserves. With this latest purchase—which took place between June 30 and July 1—the company’s total Bitcoin holdings have now increased to 849 BTC. That makes Hyperscale Data the second most prominent public company acquiring Bitcoin in July, coming just behind Metaplanet.
Headquartered in Las Vegas, Hyperscale Data has moved up to 49th place among publicly traded companies holding Bitcoin, following its most recent acquisition. With this latest purchase, the company has surpassed Ming Shing Group, Yueda Digital Holdings, and SOS Limited in listed Bitcoin reserves.
The company’s management has positioned Bitcoin as a core asset on its balance sheet. Milton Todd Ault III, Executive Chairman of the Board, stated that Hyperscale Data plans to continue steadily accumulating Bitcoin via a disciplined dollar-cost averaging approach in order to maximize long-term returns for the company.
Milton Todd Ault III emphasized that the company aims to maintain its disciplined dollar-cost averaging strategy for Bitcoin acquisitions, as this approach is expected to strengthen Hyperscale Data’s long-term potential.
As an enterprise investing in AI-focused data center infrastructure, Hyperscale Data’s latest Bitcoin purchase comes right after a separate, recently announced addition of 53.54 BTC made just two days earlier. At the time of that statement, the company’s total reserves had climbed to 780.48 BTC.
Stock performance and asset valuation debateIn its announcement dated June 30, the company revealed that the combined value of its Bitcoin, cash, restricted cash, and silver assets was approximately $106.7 million. On that date, this figure amounted to roughly 117% of Hyperscale Data’s common stock market capitalization.
Milton Todd Ault III pointed to these figures as evidence that investors currently undervalue Hyperscale Data. He argued that the market cap of the company’s common shares does not fully reflect the value of its declared assets, operations, or the significant opportunity created by a major service contract at its Michigan-based AI data center.
Milton Todd Ault III stated that the company’s market capitalization does not accurately represent its reported assets, operations, or the scale of opportunities arising from the Michigan AI data center agreement.
According to Yahoo Finance, GPUS shares are trading at $0.1529, giving Hyperscale Data a market capitalization of $53.212 million. The company recently signed a computing power agreement with a California-based neocloud provider. Management projects this contract could generate up to $1.2 billion in revenue.
On the same day, Metaplanet also announced it had acquired 2,823 BTC as of July 1. This brought Metaplanet’s total Bitcoin holdings to 43,000 BTC, propelling the company to third place among public firms with the largest Bitcoin reserves—surpassing MARA Holdings.
Data from Bitcoin Treasuries shows that total Bitcoin held by public companies now stands at 1.268 million BTC, representing a 0.6% increase over the last 30 days. Despite this rise in holdings, the price of Bitcoin fell more than 10% in the same period. At a price of $61,809, the total value of public companies’ Bitcoin reserves stands at approximately $78.4 billion.
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.
Stacks představil USDCx, první stablecoin krytý USDC podle specifikace Circle pro Machine Payments Protocol. Má podpořit standardizované strojové platby na Bitcoinu prostřednictvím Stacks.
Circle just published the official USDC method specification for the Machine Payments Protocol, and Stacks’ USDCx is the first stablecoin built under that framework. The move positions Bitcoin’s leading layer 2 as a hub for standardized machine-to-machine payments, the kind of infrastructure that makes AI agents capable of settling transactions on their own.
What USDCx actually is and how it works USDCx is a stablecoin pegged 1:1 to USDC, fully backed by reserves held in Circle’s xReserve infrastructure. It launched on Stacks mainnet on December 17-18, 2025, with a specific contract ID (SP120SBRBQJ00MCWS7TM5R8WJNTTKD5K0HFRC2CNE.usdcx) that anyone can verify on-chain.
USDCx doesn’t rely on third-party bridges to function. It connects directly with Circle Gateway and CCTP (Cross-Chain Transfer Protocol), which means moving value between chains doesn’t require trusting some random bridge operator with your funds.
The stablecoin maintains its peg near $1 and is actively traded on platforms tracked by CoinGecko. Ethereum bridging was already supported at launch, with plans to expand CCTP network support that kicked off in Q1 2026.
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The machine payments angle The MPP spec is where things get genuinely interesting. The Machine Payments Protocol establishes a standardized way for machines, think AI agents, automated services, and IoT devices, to send and receive payments without human intervention. The MPP spec was published by Circle on June 23, 2026.
USDCx being the first USDC-backed stablecoin under this spec means Stacks is effectively positioning itself as the settlement layer for AI commerce on Bitcoin. Cross-chain machine-to-machine payments on Bitcoin through Stacks are now technically possible.
Ecosystem adoption and DeFi implications Major wallets including Asigna, Fordefi, Leather, and Xverse all adopted USDCx shortly after launch. On the DeFi side, protocols like Zest and Granite integrated the stablecoin, enabling lending, borrowing, and trading with dollar liquidity on Stacks.
For Bitcoin holders specifically, USDCx creates an option that didn’t cleanly exist before: accessing stablecoin functionality without leaving the Bitcoin economy entirely. You can collateralize Bitcoin-backed assets, borrow against them in a dollar-denominated stablecoin, and do it all within an ecosystem that settles on Bitcoin through Stacks’ Proof of Transfer consensus mechanism.
Stacks uses PoX to anchor its security to Bitcoin’s blockchain, and runs Clarity smart contracts, a language designed to be decidable, meaning you can mathematically verify what a contract will do before executing it.
What this means for investors Institutional players care about two things above all else: compliance and security in cross-chain interactions. Circle’s direct involvement through xReserve and CCTP addresses both concerns in ways that third-party wrapped tokens simply cannot. The 1:1 USDC backing, verified through Circle’s own infrastructure rather than an independent bridge, reduces counterparty risk substantially.
Trading volumes and user growth across Stacks DeFi protocols will be the metrics to watch. If USDCx drives meaningful increases in total value locked and daily active users on platforms like Zest and Granite, it validates the thesis that Bitcoin users want native stablecoin liquidity.
The risk worth monitoring is concentration. USDCx’s entire value proposition depends on Circle’s continued support and the stability of the xReserve infrastructure. Any disruption to Circle’s operations, whether regulatory or technical, would cascade directly into USDCx’s functionality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple koupil Hidden Road za 1,25 miliardy USD a přejmenoval ho na Ripple Prime, první globální multi-asset prime broker vlastněný krypto firmou. Platforma už používá RLUSD jako kolaterál a Ripple plánuje přesunout část post-trade aktivit na XRP Ledger.
Ripple spent $1.25 billion to buy a prime broker that clears trillions of dollars a year, then wired it into the XRP Ledger and RLUSD. Here is what a prime broker actually does, what Ripple Prime offers, and whether any of it reaches XRP.
Summary
Ripple Prime is Ripple’s institutional prime brokerage arm, built from its $1.25 billion acquisition of Hidden Road, offering clearing, financing, and trading across digital assets, foreign exchange, derivatives, swaps, and fixed income. A prime broker is the plumbing behind professional trading: it gives hedge funds and trading firms one account for execution, clearing, settlement, financing, and custody, with cross-margining that improves capital efficiency. The acquisition made Ripple the first crypto company to own and operate a global, multi-asset prime broker, and the business has grown roughly threefold since the deal was announced. Ripple has wired its own products into the platform: RLUSD is used as collateral, some derivatives clients hold balances in it, and Ripple plans to move post-trade activity onto the XRP Ledger. For XRP the token, the benefit is indirect and unproven, because Ripple Prime is institutional infrastructure, not a retail venue, and the token has not tracked the platform’s growth. Table of Contents
First, what is a prime broker?From Hidden Road to Ripple Prime: the $1.25 billion dealWhat Ripple Prime actually doesRLUSD as collateral: the cross-margining hookThe XRP Ledger connectionWhy Ripple Prime matters for cryptoDoes Ripple Prime actually help XRP?The risks and open questions for Ripple PrimeFrequently Asked Questions Ripple Prime is Ripple’s institutional prime brokerage platform, a one-stop service that lets large trading firms clear, finance, and trade across both traditional and digital assets through a single account. It exists because in 2025 Ripple paid $1.25 billion to acquire Hidden Road, one of the largest non-bank prime brokers in the world, and rebranded it. That deal turned Ripple from a payments and stablecoin company into an operator of the kind of core market infrastructure that hedge funds and banks have relied on for decades. This explainer covers what a prime broker is, how Ripple Prime works, how Ripple has connected it to RLUSD and the XRP Ledger, and the honest answer to the question every XRP holder asks: does it help the token?
First, what is a prime broker? Before Ripple Prime makes sense, the underlying concept has to. A prime broker is a firm that sits behind professional trading operations and bundles together the services those operations need to function. In traditional finance, a hedge fund does not open a separate relationship with every exchange, lender, and custodian it uses. Instead it routes much of that activity through a prime broker, which provides trade execution and access to markets, clearing and settlement of those trades, financing and securities lending so the fund can use leverage, and custody of the assets. The prime broker becomes the single hub through which capital and positions flow.
The reason this matters is capital efficiency. A prime broker can look at all of a client’s positions together and net them, so the client posts collateral against the combined risk of the book instead of against each trade in isolation. This is called cross-margining, and it frees up capital that would otherwise sit idle backing individual positions. A fund running many strategies at once can therefore do more with the same balance sheet. Prime brokers also extend credit, letting clients borrow to amplify positions, and manage the risk of that credit in real time.
In short, prime brokers are the professional-grade infrastructure that makes large-scale, multi-strategy trading possible. They bring credibility, credit, and operational scale, the things institutions expect from legacy finance. For years, crypto largely lacked a prime broker of this caliber, which was one reason big institutions hesitated to trade digital assets at scale. Filling that gap is exactly what Ripple set out to do.
Ripple did not build a prime broker from scratch. It bought one. In April 2025, at Paris Blockchain Week, Ripple announced an agreement to acquire Hidden Road for $1.25 billion, one of the largest deals the digital-asset industry had seen. Hidden Road was a fast-growing non-bank prime broker that cleared roughly $3 trillion a year across markets and served more than 300 institutional clients, including hedge funds, proprietary trading firms, and major liquidity providers. Ripple had been an investor in Hidden Road and a customer of its platform, so it knew the business from the inside before buying it.
The acquisition closed in October 2025, and Hidden Road was immediately rebranded as Ripple Prime. The move made Ripple the first crypto company to own and operate a global, multi-asset prime broker, giving it a financing and clearing engine of a type that had previously belonged only to traditional financial firms. Ripple committed to inject significant capital into the business to expand its capacity, and by its own account the platform grew roughly threefold in activity between the announcement and the close. Hidden Road founder Marc Asch stayed on to work alongside Ripple leadership through the integration.
The strategic logic was that core infrastructure is what unlocks the next phase of institutional crypto adoption. Payments and custody move value and store it, but a prime broker is where institutions actually trade and finance positions at scale. By owning one, Ripple positioned itself to sit at the center of institutional digital-asset activity instead of at the edges, and to bring its own assets, XRP and the RLUSD stablecoin, into that flow.
What Ripple Prime actually does Ripple Prime offers the full prime-brokerage stack across an unusually broad range of markets. Its services span clearing, prime brokerage, and financing across foreign exchange, digital assets, precious metals, exchange-traded derivatives, over-the-counter swaps, and fixed income repo. Clients can access markets through over-the-counter desks, sponsored access, and direct market access, with real-time risk management, cross-margining across their positions, and risk-based margin financing. That breadth is the point: an institution can manage exposures across traditional and digital assets from one platform instead of stitching together many providers.
In November 2025, shortly after the deal closed, Ripple launched digital-asset spot prime brokerage for the United States market under the Ripple Prime brand. This let US-based institutional clients execute over-the-counter spot transactions across dozens of major digital assets, including XRP and RLUSD, and cross-margin those spot positions alongside swaps and exchange-listed futures and options. It combined Ripple’s regulatory licenses with Hidden Road’s prime-brokerage infrastructure into a single US offering, complementing the derivatives services the platform already ran.
The platform has kept adding connectivity. Ripple Prime enabled support for Hyperliquid, a high-performance decentralized derivatives protocol, letting institutional clients reach on-chain derivatives liquidity while cross-margining their decentralized-finance exposure against all other asset classes on the platform. That combination, a regulated institutional prime broker reaching directly into on-chain markets, is a concrete example of the bridge between traditional finance and decentralized finance that Ripple describes as its goal.
RLUSD as collateral: the cross-margining hook One of the most important features of Ripple Prime is how it uses RLUSD, Ripple’s dollar-backed stablecoin. RLUSD is being used as collateral across a range of prime-brokerage products, and Ripple has positioned it as the first stablecoin to enable efficient cross-margining between digital assets and traditional markets. In practice, an institution can post RLUSD as margin and have it recognized across both its crypto and its traditional exposures, which is exactly the kind of capital efficiency prime brokers exist to provide.
Adoption of this feature has been concrete instead of theoretical. Some derivatives customers have chosen to hold their balances in RLUSD, and Ripple expects that to grow. RLUSD has been approved as margin collateral on the OKX exchange across more than 280 trading pairs, and Ripple Prime clients can trade Bitcoin options on the Bullish exchange using RLUSD as collateral. To support the stablecoin’s institutional credibility, Bank of New York Mellon serves as the primary reserve custodian of RLUSD, a signal aimed squarely at the compliance expectations of large institutions.
The reason this matters is that it gives RLUSD a real institutional job to do. Many stablecoins circulate mostly among crypto traders; RLUSD, through Ripple Prime, is being embedded into the margin and settlement plumbing that professional firms use. That is a more durable form of demand than speculative trading, because it ties the stablecoin to the operational needs of institutions rather than to market sentiment. It is also the clearest way that Ripple Prime strengthens one of Ripple’s own products, as distinct from the broader industry.
The XRP Ledger connection Ripple has also linked Ripple Prime to the XRP Ledger, the blockchain whose native asset is XRP. The plan Ripple has described is to migrate parts of Hidden Road’s post-trade activity, the clearing and settlement that happens after a trade is agreed, onto the XRP Ledger. The goal is to streamline settlement and lower operational costs, while showcasing the ledger as institutional-grade infrastructure for decentralized finance. If that migration proceeds at scale, real institutional settlement volume would run across the XRP Ledger.
That connection took a further step through traditional clearing infrastructure. Ripple Prime, still listed under the Hidden Road name in the relevant notice, was integrated into the participant directory of the Depository Trust and Clearing Corporation’s National Securities Clearing Corporation, the backbone of US securities clearing. Ripple’s chief technology officer at the time flagged the development as significant, because it connects a crypto-owned prime broker to the same clearing rails that settle Wall Street’s equity trades. Ripple Prime also received an investment-grade rating from Kroll in April 2026, a distinction Ripple says no other crypto-affiliated prime broker holds, which opens the door to conservative institutions such as pension funds, banks, and insurers.
Taken together, these moves position the XRP Ledger and RLUSD as pieces of institutional market infrastructure instead of purely retail crypto assets. The migration of post-trade activity, the DTCC connection, and the investment-grade rating are all steps toward embedding Ripple’s technology into the machinery of regulated finance. Whether that machinery ends up generating meaningful demand for XRP the token is a separate question, and an important one.
Why Ripple Prime matters for crypto Zooming out, Ripple Prime matters because it imports a missing layer of financial infrastructure into digital assets. Crypto has never lacked exchanges or wallets, but it has lacked a large, credible, multi-asset prime broker of the kind institutions take for granted in traditional markets. By acquiring one that already cleared trillions of dollars a year and serving 300-plus institutional clients, Ripple gave the industry a bridge between the way hedge funds and banks already operate and the way digital assets trade and settle.
For Ripple itself, the deal marked a transformation. The company had been known primarily for cross-border payments and, more recently, for its RLUSD stablecoin and custody services. Ripple Prime added institutional trading and financing to that stack, so Ripple now spans payments, custody, a stablecoin, and a prime broker. That makes it one of the more vertically integrated firms in crypto, able to offer institutions a connected suite instead of a single product. It also gives Ripple multiple ways to weave XRP and RLUSD into institutional workflows.
The broader significance is about legitimacy. Institutional adoption of digital assets has been held back partly by the absence of familiar, trusted infrastructure. A prime broker with an investment-grade rating, a connection to DTCC clearing, and bank-grade custody speaks the language institutions understand. If Ripple Prime succeeds, it lowers a real barrier to large-scale institutional participation in crypto, which is a meaningful development regardless of what happens to any single token’s price.
Does Ripple Prime actually help XRP? Here is the question that matters most to XRP holders, and it deserves a straight answer instead of a hopeful one. The connection between Ripple Prime and XRP is infrastructure-driven, not retail-facing. Ripple Prime is a service for institutions; it does not change how ordinary users buy or trade XRP, which still happens on exchanges. The potential benefit to XRP is indirect: if institutional settlement volume grows on the XRP Ledger through Ripple Prime, that could raise network usage, and XRP, as the ledger’s native asset used for transaction fees and liquidity, might see more demand over time.
The trouble is that this benefit has not shown up in the token’s price. Over the year following the acquisition, Ripple Prime delivered on its roadmap, earning an investment-grade rating, launching US spot prime brokerage, and integrating RLUSD as collateral, while XRP fell rather than rose. The token dropped sharply even as the platform executed, which underlines a recurring pattern with Ripple news: the company’s commercial progress and the token’s price are only loosely connected. Much of the value Ripple Prime creates accrues to Ripple the company, to RLUSD, and to the institutions using the platform, not automatically to XRP.
That does not mean Ripple Prime is irrelevant to XRP. The post-trade migration to the XRP Ledger, if it reaches scale, is a genuine potential channel of demand, and a maturing institutional ecosystem around the ledger could matter over a long horizon. But the honest framing is that Ripple Prime is a strong development for Ripple and its institutional ambitions, an indirect and unproven one for XRP, and no substitute for the broad demand that actually moves the token. As with most Ripple news, the wise approach is to separate the company’s execution from the token’s price and to watch for real ledger usage rather than announcements.
The risks and open questions for Ripple Prime For all its promise, Ripple Prime is not a finished story, and a balanced view has to weigh what could go wrong or fail to materialize. The first question is integration. Merging a large prime broker into a crypto company is complex, and the value of the deal depends on combining Hidden Road’s infrastructure and client relationships with Ripple’s licenses, custody, and stablecoin without friction. Integrations of this size take time, and the benefits Ripple describes assume the two businesses knit together smoothly.
Prime brokerage itself carries inherent risks that Ripple now owns. A prime broker extends credit and holds client assets, which means it takes on counterparty and credit risk: if a large client fails or a market move is violent enough, the broker can be exposed. Managing that risk in real time is the core discipline of the business, and it is why prime brokers live or die on their risk engines and capital buffers. The business is also cyclical, tied to trading volumes and market conditions that rise and fall, so revenue is not guaranteed to grow in a straight line.
Competition is intensifying as well. Other crypto-native firms and incumbent traditional players are building or expanding their own institutional prime services, so Ripple Prime has to win and keep clients in a crowded field. Its differentiators, an investment-grade rating, a connection to traditional clearing, and the integration of RLUSD, are meaningful, but competitors will not stand still, and institutions can multi-home across several prime brokers.
The largest open question for XRP holders specifically is execution on the XRP Ledger. Ripple has said it plans to migrate post-trade activity onto the ledger, but plans and delivery are different things. The scale, timing, and real economic impact of that migration remain to be seen, and much of the token-level thesis rests on it actually happening at volume. Until the ledger is carrying meaningful institutional settlement, the connection between Ripple Prime’s growth and XRP demand stays more potential than proven. None of this makes Ripple Prime a weak business; it makes it a young one whose full impact, on Ripple and on XRP, will be judged over years, not announcements.
Frequently Asked Questions What is Ripple Prime in simple terms? Ripple Prime is Ripple’s institutional prime brokerage platform. It gives large trading firms and institutions a single service for clearing, financing, and trading across digital assets, foreign exchange, derivatives, swaps, and fixed income. It was created when Ripple acquired the prime broker Hidden Road for $1.25 billion in 2025 and rebranded it. It is built for professional institutions, not retail traders.
What is a prime broker? A prime broker is a firm that bundles the services professional traders need into one relationship: trade execution and market access, clearing and settlement, financing and lending for leverage, and custody. Its key advantage is cross-margining, which lets a client post collateral against the combined risk of all their positions instead of each trade separately, freeing up capital and improving efficiency.
How much did Ripple pay for Hidden Road? Ripple agreed to acquire Hidden Road for $1.25 billion, announced in April 2025 and closed in October 2025. Hidden Road was a non-bank prime broker that cleared roughly $3 trillion a year across markets and served more than 300 institutional clients. After closing, Ripple rebranded it as Ripple Prime, becoming the first crypto company to own and operate a global, multi-asset prime broker.
How does Ripple Prime use RLUSD? RLUSD, Ripple’s dollar-backed stablecoin, is used as collateral across Ripple Prime’s products, positioned as the first stablecoin to enable cross-margining between digital assets and traditional markets. Some derivatives clients hold balances in RLUSD, it is approved as margin collateral on OKX across 280-plus pairs, and Ripple Prime clients can trade Bitcoin options on Bullish using RLUSD. Bank of New York Mellon is its primary reserve custodian.
Does Ripple Prime run on the XRP Ledger? Not entirely, but Ripple plans to migrate parts of the platform’s post-trade activity, its clearing and settlement, onto the XRP Ledger to lower costs and showcase the ledger for institutional use. Ripple Prime has also been integrated into the DTCC’s securities clearing directory and received an investment-grade rating from Kroll, steps that position the ledger and RLUSD within regulated financial infrastructure.
Is Ripple Prime good for the XRP price? The benefit to XRP is indirect and, so far, unproven. Ripple Prime is institutional infrastructure, not a retail venue, so it does not change how people trade XRP. If settlement volume grows on the XRP Ledger through the platform, XRP demand could rise over time. But XRP fell during the year Ripple Prime executed its roadmap, showing how loosely Ripple’s progress and the token’s price are connected.
How is Ripple Prime different from a crypto exchange? An exchange is a venue where users, including retail traders, buy and sell assets directly. A prime broker sits behind professional institutions, providing credit, clearing, settlement, custody, and cross-margining across many venues and asset classes. Ripple Prime serves hedge funds, trading firms, and other institutions with portfolio-level financing and risk management, not everyday retail trading. The two operate at different layers of the market.
Why does Ripple Prime matter for crypto? It imports a missing layer of financial infrastructure into digital assets. Institutions rely on prime brokers in traditional markets, and crypto had lacked a large, credible one. By acquiring Hidden Road, Ripple gave the industry an investment-grade prime broker connected to traditional clearing rails and bank-grade custody, lowering a real barrier to institutional participation and transforming Ripple into a firm spanning payments, custody, a stablecoin, and prime brokerage.
Disclaimer: This article is for information and educational purposes only and does not constitute financial, investment, or trading advice. Details of Ripple Prime’s services and integrations may change over time. Nothing here is a recommendation to buy or sell any asset. Always do your own research and consult a qualified professional before making financial decisions. Information is accurate as of July 2, 2026, and may change.
RLUSD na XRP Ledger za posledních šest měsíců vzrostl 40násobně a poprvé tvoří většinu nabídky s podílem 52 %. Ještě v dubnu bylo na XRP Ledger jen 17 % RLUSD v oběhu.
Ripple’s dollar-pegged stablecoin, RLUSD, is migrating to the XRP Ledger (XRPL) at a remarkable pace, with on-chain volume surging 40-fold over the last six months alone.
Cover image via www.freepik.com
Ripple's dollar-pegged stablecoin, RLUSD, keeps migrating to the native chain of the XRP cryptocurrency (at a rather remarkable pace).
According to recent on-chain data, the volume of RLUSD circulating on the XRP Ledger has surged 40-fold over the last six months alone.
A significant majority of Ripple's stablecoin used to reside on the Ethereum blockchain, and this fact would be constantly brought up by XRP detractors to showcase the alleged lack of utility of the cryptocurrency's native chain. This trend was rather lasting, given that only 17% of all RLUSD in circulation was sitting on the XRP Ledger as recently as April.
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However, the XRPL's share of the total supply has grown dramatically over the past few months. Now, the figure has skyrocketed to as much as 52%, which gives the XRPL a majority share of the total supply for the first time.
More competition As reported by U.Today, Ripple recently joined an unprecedented coalition of more than 140 financial and technological heavyweights, of the likes of Mastercard and BlackRock, to back "Open USD," which is a new US dollar-pegged stablecoin.
The consortium positions Open USD as a shared, highly efficient utility for global payments.
However, Ripple's participation has raised some eyebrows, given that it has its own heavily regulated stablecoin.
For Ripple, participating in the highly ambitious Open USD initiative ensures the company remains at the center of global liquidity flows, but it remains to be seen how RLUSD will be able to compete with this new upstart.
According to CoinGecko data, Tether (USDT) remains the biggest stablecoin with a market cap of $184 billion.
Komunita XRP Ledger varuje před falešným issuerem, který se vydává za nový stablecoin OUSD. Validátoři ho označují za podvod, protože chybí ověřené propojení s Open Standard.
The XRP community has been warned of a fake OUSD stablecoin scam on the XRP Ledger. This comes as on the XRPL, a suspicious wallet claiming to be the new stablecoin Open USD (OUSD) has emerged. It is a cause for concern among validators, who suspect it is a scam.
XRP Ledger Validators Flag OUSD Scam On The Network GrimmReaper, who is a validator operator on the XRP Ledger, posted a screenshot of his transaction-monitoring tool on Bithomp. The snapshot shows a page name that he detected was a new issuer using the “Open Standard” name and this triggered the alert.
Moreover, they have a website linked to their account: joinopenstandard.netlify.app. They also have an XRP Ledger address that has been recently activated.
There are also several red flags on the Bithomp screenshot that typically accompany crypto scams. The ads above the account promote “Earn 12% on XRP” and “Play Slots and win 70,000 XRP” and are typical of those that attract unwary players to bogus schemes.
Sharing the image on X, GrimmReaper wrote, “We might have our answer about OUSD being on the xrpl if this is legit. What do you guys think, Krippenreiter and Vet?” He added that he runs a tool monitoring transactions received by his validator.
He explained, “I have an app that [watches] my transactions coming into my validator and [makes] it very able to watch for any issuer for a token name so this came up today.”
We might have our answer about OUSD being on the xrpl if this is legit. What do you guys think @krippenreiter and @Vet_X0 ? I have an app that watched my transactions coming into my validator and made it very able to watch for any issuer for a token name so this came up today. pic.twitter.com/tdxgl6KHsq
— GrimmReaper (@jgrimm5) July 2, 2026
However, XRPL dUNL validator Vet responded by urging the community not to trust the issuer.
“[It’s] a scam and always is a scam by default until you get people to confirm from Open USD that this is their issuer,” Vet responded. The XRP Ledger validator also said that he is a valid issuer and they should have verifiable confirmation from both parties, but here they don’t. Vet added, “We always need a 2 way pointer. Issuer address points to Project and Project points to Issuer address. This is not the case here.”
Already, the XRPL v3.2.0 upgrade is registering complaints of several bugs. Hence, such potential scams seem to be exacerbating the situation.
About The OUSD Stablecoin Launch The XRP Ledger validators’ warning comes on the heels of OUSD Stablecoin launch on June 30 by the Open Standard consortium. It boasts backing from over 140 companies, including Ripple, Visa, Mastercard, BNY, Standard Chartered, BlackRock, Google, Shopify, Coinbase and Solana.
The consortium claims that OUSD will allow businesses to mint and redeem the stablecoin without any fees or set volume limits. It also will return money generated from reserves to partners participating in the consortium with a small management fee. Moreover, it will have governance shared by each partner in the consortium.
The announcement has garnered attention in the XRP ecosystem, as Ripple is among the founding participants. This could have made OUSD a potential target for bad actors to take advantage of by using fake issuer accounts on the XRP Ledger.
Ethereum čelí silně negativnímu sentimentu, ale staking a klesající likvidní nabídka drží ETH stabilní. Ve stakingu je rekordních 40 milionů ETH, tedy 33 % celkové nabídky.
Ethereum is having a tough time at the moment, with sentiment at rock bottom, but underlying supply dynamics paint a different picture.
Ethereum has a “wall of worry” where negative sentiment is meeting staking absorption, reported CryptoQuant on Tuesday.
The Coinbase Premium, a measure of institutional interest, is 230% below its three-month average, while Binance funding rates are deeply negative, signaling caution from US institutions and leveraged traders, it added.
Despite this wall of negativity, ETH’s price has stayed stable over the past week rather than breaking down.
ETH Staking Hits Record 40M Meanwhile, the Ether supply is tightening as stablecoin balances on Binance are draining while staking inflows have surged 65%, “suggesting long-term holders are locking up supply even as short-term traders de-risk,” it stated.
“While traders are shorting or de-risking on Binance, long-term holders are actively locking supply into the staking contract.”
This combination of deep pessimism and a shrinking liquid/exchange supply is a classic pattern, which historically creates fragile conditions for short traders if selling pressure exhausts.
The analysts concluded that monitoring the reversal of the Coinbase Premium will be the primary signal for a shift in this regime.
Ethereum’s Wall of Worry: Negative Sentiment Meets Staking Absorption
“Historically, when speculative sentiment is this depressed while organic supply is being absorbed by staking, it creates a fragile environment for short-sellers.” – By @CryptoOnchain pic.twitter.com/C8XO4Omlmp
— CryptoQuant.com (@cryptoquant_com) June 30, 2026
You may also like: Ethereum Execs Launch Non-Profit to Accelerate Institutional Adoption Bitmine Buys Another 27,000 ETH Despite Market Slump, Nears 5% of Ethereum Supply ‘Engineers, Not Business Operators’: Why Loopring Is Shutting Down Its DEX The staking figures speak for themselves, with a record amount of ETH off the table and locked up.
ETH staking has hit an all-time high of 40 million, which equates to 33% of the entire supply, according to Ultrasound.Money.
Additionally, the validator exit queue is just 9,248 ETH, while more than 2.9 million ETH are in the entry queue.
Bitmine chair Tom Lee said that crypto is a hyper-volatile asset, and some macro headwinds are weighing on ETH, such as markets seeing a Fed hike, Clarity Act purgatory, AI FOMO, and private credit hurting flows.
However, there are also some tailwinds, including the tokenization megatrend, crypto downstream of AI, money becoming digital/software, and peak pain, he said in a recent interview.
ETH Price Outlook Despite these tailwinds, ETH prices remain depressed, with the asset dipping to an intraday low of $1,550 on Tuesday.
There was little momentum during Wednesday morning Asian trading, with ETH lifting to $1,585. The longer it stays at current levels, the greater the chances of another leg down, especially if Bitcoin loses support at $58,000.
Ethereum se odrazil nad 1 500 USD, ale spotové ETF na ETH táhnou sedm týdnů v řadě čisté odlivy v objemu asi 1,18 miliardy USD. To dál ukazuje na opatrnost institucí vůči ETH.
Ethereum (ETH) has rebounded from its recent lows, but the recovery may not be enough to reverse a prolonged exodus from spot Ethereum ETFs, highlighting a growing disconnect between the cryptocurrency’s price action and institutional investor sentiment.
ETH has climbed back above the psychologically important $1,500 level and was recently trading in the $1,600-$1,620 range after briefly dipping to around $1,500. However, Simon-Peter Massabni, Head of Business Development at global multi-asset broker XS.com, cautioned that the move appears to be more of a technical rebound than the beginning of a sustained rally.
“The current rebound is still not enough to confirm a clear reversal,” Massabni said. “Instead, it mainly appears to be a corrective move after selling pressure had persisted for several sessions.”
ETF Flows Remain the Biggest HeadwindWhile Ethereum’s price has stabilized, spot Ethereum ETFs continue to paint a less encouraging picture.
According to Massabni, the funds have logged seven consecutive weeks of net outflows totaling roughly $1.18 billion, underscoring continued institutional caution toward the second-largest cryptocurrency. If withdrawals continue this week, Ethereum ETFs would extend their losing streak to eight straight weeks.
“Spot Ethereum ETFs have faced seven consecutive weeks of net outflows, with the total value reaching around $1.18 billion, clearly reflecting institutional investors’ cautious stance toward ETH,” he said.
The persistent outflows stand in sharp contrast to the optimism surrounding the launch of spot Ethereum ETFs, which many market participants expected would unlock a fresh wave of institutional demand, similar to the record inflows seen in spot Bitcoin ETFs.
Instead, Ethereum funds have struggled to establish sustained momentum as investors remain selective amid elevated interest rates, macroeconomic uncertainty and mixed sentiment across digital assets.
Macro Environment Still Weighs on CryptoMassabni believes the broader macro backdrop continues to limit risk appetite.
“The macro backdrop is still not truly supportive of risk assets,” he said, pointing to uncertainty surrounding the Federal Reserve’s interest-rate path. “In an environment where interest rates may stay higher for longer, capital tends to be more cautious toward highly volatile assets such as cryptocurrencies.”
He added that weak ETF demand has become a key signal of institutional positioning.
“The lack of positive ETF flows reflects cautious sentiment among large investors and reduces ETH’s short-term appeal compared with initial expectations,” Massabni said.
Ethereum also remains closely tied to broader crypto market sentiment, with Bitcoin yet to establish a decisive upward trend. As a result, ETH could struggle to outperform independently unless market conditions improve.
What Could Turn the Tide?Massabni said ETF flows may ultimately determine whether Ethereum’s rebound develops into a sustained recovery.
“If ETH manages to stay above the $1,500 area and ETF flows show signs of stabilizing, price could continue to recover toward higher zones around $1,700-$1,800,” he said.
However, he warned that renewed macro pressure or continued investor withdrawals from spot Ethereum ETFs could send the cryptocurrency back toward the $1,500 support level. A decisive break below that threshold, he added, could extend the broader downtrend before the market finds a new equilibrium.
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IOTA Foundation aktivovala konsenzuální protokol Starfish a posiluje TWIN pro globální obchodní síť. V Africe a Británii zároveň postupují projekty digitální identity, dat a plateb.
The IOTA Foundation has published its report for the second quarter of 2026, reporting significant progress in the expansion of TWIN.
The main focus was on the activation of the Starfish consensus protocol, trade projects in Africa and the United Kingdom, and a stronger organizational alignment toward institutional use cases.
The IOTA Foundation is a non-profit organization that developed IOTA, a distributed ledger network. It was originally built for machine-to-machine transactions and IoT data integrity, with its native token IOTA trading on major crypto exchanges.
IOTA focuses on TWINAccording to the foundation, its development, research, design, and product teams have been brought closer together. As recently announced by co-founder Dominik Schiener, the IOTA Foundation intends to focus more strongly on TWIN following an organizational restructuring and layoffs, rather than continuing to pursue several separate initiatives. The quarterly report states,
“The Foundation is fully focused on supporting and scaling TWIN...By moving past isolated, general-purpose blockchain lines, we’re concentrating our talent on building a resilient, compliant, and production-grade network for the global economy."
The most important technical milestone was the activation of the Starfish consensus protocol on April 23. The upgrade is designed to improve the stability of the IOTA mainnet under real-world network conditions and ensure continuous operation even with limited connectivity.
At the same time, the team completed Protocol Version 29. This version includes additional security mechanisms for smart contracts. The core development of Starfish-Speed was also completed, with the aim of reducing latency.
IOTA also reported progress on the P-COOL transaction flow. The approach is intended to deliver higher performance while requiring roughly half the resources previously needed. The report states:
“Q2 was a success in making IOTA more capable for the people building on it and cheaper for the people running it...Core storage optimizations have successfully reduced the active node data footprint by approximately one-third in testing environments, significantly lowering long-term infrastructure and maintenance costs for operators."
TWIN expands in Africa and the United KingdomAt the application level, the Foundation primarily focused on trade infrastructure. Together with TradeMark Africa, the team worked on a business and fee model for deployment in Kenya.
Implementation of the ADAPT initiative also began in the second quarter. Developed together with the AfCFTA Secretariat, the Tony Blair Institute for Global Change, and the World Economic Forum, the project aims to enable digital identities, data exchange, and digital payments initially in Kenya, Nigeria, and Morocco.
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“Kenya, Nigeria, and Morocco have been selected as the first countries to implement ADAPT - the Africa Digital Access and Public Infrastructure for Trade initiative," the company wrote.
For the Trade Logistics Information Pipeline (TLIP), version 1.3.9 achieved a 95% success rate across all active test profiles, according to the report. Document channels between authorities in Kenya were also successfully tested from node to node.
In the United Kingdom, TWIN secured five key supporters for a letter of intent regarding the International Supply Network. Further integrations with port authorities, freight forwarders, and trade organizations are currently being prepared.
The TWIN Foundation recently announced that more than 30 countries are expected to go live by 2030. In Argentina, IOTA technology has also been implemented in a government project for transplant processes.
Trending on TheStreet RoundtableXRP eys bigger move as Binance open interest hits 2026 highMark Cuban has a blunt response to Coinbase CEORipple wants AI agents to pay with XRP and RLUSDNpm downloads point to growing developer activity around TWINBeyond the official country projects, there are also signs that TWIN is attracting more attention. On the Node Package Manager (npm) package platform, key components of the framework have recently been downloaded significantly more often.
The core package currently reaches 18,222 installations within seven days. The IOTA-specific module, which connects the framework to IOTA technology, records 3,711 weekly installations.
The statistics show the latest npm download figures for the IOTA package used for TWIN integration.
These figures are not direct proof of active users or companies operating in production. However, they show how often TWIN’s technical components are being installed in development, testing, or build environments.
For a specialized framework in the field of digital trade infrastructure, the current level is nevertheless notable. It suggests that TWIN is not only being expanded strategically, but is also gaining increasing attention in technical practice.
Charles Hoskinson kritizoval delegáty Cardana za to, že odmítli návrhy určené ke komercializaci Cardana, a poté si stěžoval na vynechání Cardana z konsorcia Open USD. Tvrdí, že za důsledky hlasování nesou odpovědnost.
Charles Hoskinson has pushed back against criticism surrounding Cardano’s absence from the Open USD (OUSD) stablecoin consortium.
During a recent exchange on X, Hoskinson argued that ecosystem participants cannot criticize Cardano’s lack of involvement in major commercial initiatives while simultaneously voting against proposals specifically designed to create those opportunities.
Hoskinson’s remarks came in response to criticism from prominent Cardano DRep YODA. The DRep questioned why major Cardano-related organizations, including EMURGO, Cardano Foundation, and Input Output Global (IOG), were absent from the newly formed Open USD Consortium.
Notably, the consortium includes more than 140 institutional partners, among them Ripple, Mastercard, OKX, MoonPay, and Visa.
Hoskinson Calls for Governance Accountability In response, Hoskinson stressed that governance participants must accept responsibility for the consequences of their voting decisions. According to him, the development teams invested hundreds of hours designing proposals intended to accelerate Cardano’s commercialization efforts. However, once those proposals entered the governance process, DReps voted them down.
“We put hundreds of hours, carefully proposing direct routes to commercialize Cardano. We brought it to a vote. You voted against it,” the Carano founder noted.
Hoskinson added that he does not care about the reasons behind those decisions because DReps ultimately own the outcome of their votes.
“I don’t care about your reasons. You own the vote,” he remarked.
Commercial Partnerships Require More Than Membership: Hoskinson Meanwhile, Hoskinson argued that joining initiatives such as the Open USD Consortium is relatively straightforward. The more difficult challenge, he said, involves deploying capital and building the financial infrastructure necessary to support those partnerships.
As part of that effort, he pointed to his proposal for a managed sovereign wealth fund capable of providing liquidity, minting stablecoins, and financing ecosystem growth initiatives. Hoskinson also highlighted several projects that he believes form the commercial backbone of the Cardano ecosystem, including RealFi, Midnight, Blockfrost, and Pogan.
According to him, these initiatives provide the infrastructure upon which larger commercial integrations can be built.
Governance Tensions Continue Across the Ecosystem The latest dispute further highlights the governance tensions that have dominated much of the year within the Cardano ecosystem.
The disagreements contributed to the cancellation of several IOG funding proposals, including research and development funding for Blockfrost and the Cardano Summit 2026.
Amid the ongoing debate, Hoskinson recently advocated for governance reforms. His proposals include moving Cardano governance discussions to a moderated Discord server, becoming a DRep himself to participate directly in voting and improve accountability, and revising the ecosystem’s constitution.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Despite broader market uncertainty, Cardano founder Charles Hoskinson has emphasized that the network’s underlying fundamentals remain strong.
He made this known in a recent update to Cardano enthusiasts. According to Hoskinson, network reliability remains one of the most important indicators of blockchain health, and Cardano continues to excel in that area.
He stressed that the network has never been hacked, while block production continues uninterrupted and at a consistent pace. In his view, these operational metrics demonstrate that Cardano’s core infrastructure remains dependable regardless of short-term market sentiment or price fluctuations.
Update https://t.co/VGYNjGrBl0
— Charles Hoskinson (@IOHK_Charles) June 29, 2026
Cardano Prepares for Its Largest Upgrade Yet Meanwhile, Hoskinson revealed that Cardano is approaching the largest upgrade in its history. He suggested that the network is entering a major new phase characterized by significant technological advancements and scalability improvements.
The upcoming upgrade is expected to strengthen Cardano’s infrastructure and further expand its capabilities as the ecosystem matures. Interestingly, he highlighted the ongoing progress surrounding Cardano’s RealFi. This project aims to bridge decentralized finance (DeFi) with the real-world economy by putting idle on-chain liquidity to work in lending and credit markets.
According to Hoskinson, RealFi is now transitioning from concept to implementation. Notably, he disclosed that the RealFi testnet is scheduled to launch on July 6, with a mainnet deployment expected shortly afterward.
The milestone represents a significant step toward Cardano’s long-standing mission of bringing financial services to unbanked populations while connecting blockchain liquidity with real-world economic activity.
Bitcoin DeFi and Midnight Gain Momentum on Cardano In addition, Hoskinson pointed to the growing momentum behind Bitcoin decentralized finance on Cardano through the Pogun initiative.
He believes Bitcoin DeFi could unlock access to a substantially larger pool of liquidity and users by enabling BTC holders to participate in decentralized financial services within the Cardano ecosystem without leaving the Bitcoin economy entirely.
Another initiative receiving considerable attention is Midnight, Cardano’s privacy-focused partner chain, according to Hoskinson.
Hoskinson described 2026 as the “beta year” for Midnight, explaining that the primary objective has been to prepare the network for broader public adoption. He added that development is progressing at an impressive pace and argued that Midnight’s rollout validates Cardano’s partner-chain model.
According to Hoskinson, the project’s progress demonstrates that specialized chains can operate alongside Cardano while benefiting from its broader ecosystem and security model.
Hoskinson Pushes Back Against “Cardano Is Dead” Narrative Hoskinson’s comments come amid growing criticism that Cardano is losing relevance following recent price underperformance and governance tensions.
For context, ADA continues to trade below the $0.20 psychological level and remains the 15th-largest cryptocurrency by market capitalization on CoinMarketCap. Its weak price performance, combined with ongoing governance tensions and the departure of key entities from Cardano, has fueled claims that the project is dead. However, Charles Hoskinson has rejected this narrative.
He argued that Cardano would continue to survive and evolve even without his involvement. Furthermore, he maintained that market sentiment does not determine a project’s long-term future and that a token’s trajectory can change rapidly.
Strong Fundamentals Continue to Drive the Ecosystem Forward Ultimately, Hoskinson reiterated that Cardano’s long-term fundamentals remain intact. He pointed to continued progress across key initiatives, including Midnight, RealFi, and Bitcoin DeFi, as evidence that the ecosystem continues to expand despite temporary setbacks and negative sentiment.
For Hoskinson, these developments reinforce the argument that Cardano’s value lies not in short-term price performance but in the steady growth of its technology and real-world utility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
OFAC sankcionoval 134 kryptoměnových adres spojených s ISIS-K a Tether zmrazil prostředky na 131 adresách na síti Tron. Tyto adresy podle Chainalysis obdržely od roku 2023 přes 1,4 milionu USD v darech.
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned 134 cryptocurrency wallet addresses identified as belonging to ISIS-Khorasan (ISIS-K), which has been a Specially Designated Global Terrorist since September 2015.
The wallet addresses were added to the OFAC’s Specially Designated Nationals (SDN) list on Wednesday, which includes individuals, entities and digital asset addresses linked to terrorism, narcotics trafficking and other illicit activity.
Stablecoin issuer Tether has frozen the balances associated with 131 Tron addresses, while the remaining three sanctioned addresses were on the Monero network, blockchain forensics company Chainalysis said in a Wednesday report.
The development comes over a week after the OFAC’s previous round of sanctions against ISIS-supporting financiers using cryptocurrency. On June 22, the OFAC sanctioned three individuals and six entities across Europe, the Middle East and West Africa, including Syria-based MSB Bitcoin Xchange and Turkish MSB Spider.
OFAC said the previous round of sanctions targeted “key facilitators who enable ISIS to move funds among its regional affiliates.”
OFAC update to SDN list, new wallets included. Source: OFAC
131 wallets linked to ISIS-K received $1.4 million in donationsISIS-K has historically solicited crypto through donation campaigns on various websites and messaging platforms, Chainalysis said.
The report said that the 131 Tron addresses in the latest round of sanctions received over $1.4 million in crypto donations since 2023 and sent over $880,000.
Network of ISIS-K funding entities sanctioned by OFAC. Source: Chainalysis
Chainalysis identified multiple such donation addresses used by the group on Tron, Monero and the Bitcoin network. It found significant exposure to mainstream services, including some wallets that sent funds to Syria-based cryptocurrency exchanges.
Blockchain analytics tools are playing an increasingly prominent role in financial sanctions targeting illicit activity.
Earlier in April, blockchain intelligence company TRM Labs said that onchain evidence was key to securing the conviction of three individuals for terrorism financing in Indonesia in 2024 and 2025.
“Indonesian courts have demonstrated that cryptocurrency evidence — wallet addresses, transaction histories, on-chain flows — is not only admissible but can anchor a terrorism financing prosecution,” TRM said in a statement.
Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?
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Zilliqa chce ověřovat compliance ještě před vypořádáním transakcí, ne až po něm. Roadmapa počítá s prvními živými regulovanými toky ve 2. čtvrtletí 2026 až do poloviny roku 2027.
Institutional blockchain finance has always had the same problem: you settle first, then you check compliance. If the counterparty wasn't who they said they were, you find out afterwards. Every reconciliation process, every post-trade compliance check, every remediation workflow exists because the infrastructure runs in the wrong order.
Zilliqa is built to change that at the infrastructure level.
The Mediation Layer runs the check before a transaction settles — confirming both
parties are permitted to transact, on any chain or settlement rail. Compliance enforced before settlement, not reconciled after the fact. The credential check runs first. Everything else follows.
Today we're publishing the roadmap that shows how we build that infrastructure from Q2 2026 through mid-2027, in four phases.
Phase 01 — Credential Infrastructure LiveThe settlement network goes live. The Mediation Layer architecture specification is
published. The first public report on ZIL economics sets the baseline.
Phase 02 — First Live Regulated FlowsReal transactions run through the Mediation Layer in production. Volume, latency, and revenue data are published — the first hard evidence the architecture works at scale.
Phase 03 — Cross-Chain and Cross-JurisdictionCredential-verified settlement extends beyond a single chain and single jurisdiction.
The mediation model is no longer single-chain.
Phase 04 — The Model ProvenRevenue exceeds subsidy — audited and published. The flywheel running in public,
not projected.
One rule governs every milestone: no claim without something shipped behind it.
The roadmap names the direction. Each phase publishes the evidence.
TRON v červnu zpracoval 385,77 milionu transakcí a dosáhl 26,97 milionu aktivních účtů, což jsou nové měsíční rekordy. Na testnetu Nile zároveň spustil postkvantové podpisy pro budoucí bezpečnost.
TRON could be emerging as one of the strongest Layer 1 contenders heading into Q3.
From a technical perspective, TRX closed June down 10.35%, largely in line with the broader market’s risk-off move that erased $500 billion from the market. Even so, its relative strength stood out.
Despite Solana benefiting from renewed interest in tokenized assets following the SPCX launch, TRX still outperformed SOL.
That resilience becomes even more compelling when viewed alongside TRON’s on-chain data. As the chart below shows, the network processed 385.77 million transactions and recorded 26.97 million active accounts in June, both new monthly records, according to Lookonchain.
Source: X Notably, the momentum was just as evident on a daily basis.
On the 10th of June, TRON processed 14.55 million transactions and recorded 5.8 million active accounts, both all-time daily highs, according to Tronscan. With activity reaching record levels across the board, many in the market are calling June Tron’s “strongest month” on record.
And it doesn’t look like a one-off spike.
According to DeFiLlama, TRON [TRX] has once again pulled ahead of Ethereum [ETH] in USDT transfer volume. The network now hosts over $86 billion in USDT, more than any other blockchain, reinforcing Tron’s role as one of crypto’s largest settlement layers.
With the market starting to tilt back into a risk-on phase, TRON looks well-positioned to extend this momentum into the second half of the year.
In that context, Tron’s recent quantum upgrade also stands out as a forward-looking move, strengthening its positioning among competing L1s as the cycle develops.
Quantum resistance adds a new layer to TRON’s utility story As a Layer 1 network, TRON’s growth is no longer just about on-chain activity.
The focus is shifting toward long-term security, with quantum resistance becoming a major trend across L1s in 2026. Networks like Solana [SOL] have already sparked interest with their post-quantum roadmap.
TRON now looks to be following the same direction.
Notably, the TRON Nile Testnet has launched GreatVoyage-v4.8.2-PQ1-build1, adding support for post-quantum signatures. The upgrade includes Falcon-512 and ML-DSA-44, covering transactions, block production, node communication, and contract verification. It is currently live on the Nile Testnet and still needs governance approval before any mainnet rollout.
Source: X From an investor’s point of view, this move signals TRON is getting ahead of the curve on long-term security.
Sure, it’s still in the testnet phase, but the push into post-quantum infrastructure adds a stronger long-term narrative to TRON’s ecosystem. The timing also looks intentional, given TRX’s strong on-chain activity and steady stablecoin flows, which continue to reinforce network usage and demand.
Hence, TRON’s edge is no longer just about technical. Instead, it’s increasingly tied to its fundamental roadmap as well, putting the network in a relatively strong position heading into H2.
Zcash se obchoduje kolem 422 USD a po návratu nad 200denní klouzavý průměr vede oživení privacy coinů. Klíčový test přijde na konci července s upgradem Ironwood, který má obnovit důvěru po červnové chybě.
Zcash is at $422. Up 6% today. One of the strongest coins in the top 20.
And it is not alone. Monero is green. Bitcoin Cash is up 9% on the week. The privacy corner of crypto, ignored for months, just woke up.
But before anyone gets carried away, ZEC has a complicated story this year and one big test coming this month. Let me give you both sides, fast.
The move Zcash just did something technically meaningful: it crossed back above its 200-day moving average near $380 (live ZEC price on CoinGecko). That average is the line that separates coins in long-term downtrends from coins with a pulse. Reclaiming it after weeks below is the first structural positive ZEC has printed in a while.
The chart now projects a possible double-bottom, the pattern you get when sellers fail to make a new low twice. Momentum is turning: bearish pressure is fading, the RSI is ticking up, and the MACD is setting up for a bullish crossover. Textbook early-recovery signals.
The gate above is $454, the 50-day average. Clear that, and analysts see room toward $520. Below, $356 is the support that has to hold, guarding the round $300.
Why privacy, why now The rotation makes sense if you think about it. The market is rebounding, Bitcoin just reclaimed $60,000, and traders hunting for laggards with a narrative landed on privacy coins, a sector that spent months out of favor while everyone chased AI tokens and Solana.
Zcash is the most recognizable name in that sector, sitting in the top 20 with an $8 billion-class market cap earlier this year. When privacy sentiment turns, ZEC is where the money goes first. Add Monero and Bitcoin Cash both green this week, and you have a genuine sector move, not a one-coin squeeze.
Now the part you need to know Here is the honest half, because ZEC’s 2026 has been rough. In early June, developers disclosed a four-year-old vulnerability in Zcash’s shielded pool. It was patched within days and no exploitation was confirmed. But the disclosure alone crushed trust and helped crash the price around 40%. That is the hole ZEC is still climbing out of.
There is also whale behavior to watch. Reports through late June flagged large holders closing positions and reducing risk, the kind of selling that has capped every bounce attempt so far. A failed rebound near $543 earlier this cycle is the scar tissue.
Which brings us to the test.
The July test: Ironwood Zcash’s answer to the trust problem is an upgrade called Ironwood, targeted for late July. Its whole purpose is restoring confidence: formal verification and independent audits designed to prove the supply integrity that June’s scare called into question.
That makes the next few weeks unusually binary for ZEC. If Ironwood ships clean and the audits land well, the trust discount baked into the price has a real reason to close, and the technical setup gets its fundamental fuel. If it slips or disappoints, the rally loses its floor. Few coins have a single catalyst this clearly dated and this clearly decisive. Mark it.
The levels Up: $454 is the gate. Clear it and $520 is the target.
Down: $356 must hold. Below it, $300, then $251.
Bottom line Zcash at $422 is leading a genuine privacy-coin revival, reclaiming its 200-day average with a double-bottom setting up and momentum turning. The sector rotation is real, and ZEC is its flagship.
But this is a high-risk chart with a trust wound from June’s vulnerability scare and whales still selling bounces. Everything funnels into late July: the Ironwood upgrade either restores the confidence this rally needs, or it does not. Watch $454 above, $356 below, and that upgrade date above all. Privacy woke up. Whether it stays awake is a July question.
FAQ What is the Zcash price today?
Zcash is trading near $422 on July 2, 2026, up about 6% on the day, one of the strongest performers in the top 20 as privacy coins lead the market rebound.
Why is Zcash going up?
ZEC reclaimed its 200-day moving average as traders rotate into privacy coins, a sector out of favor for months. Monero and Bitcoin Cash are also green, making it a genuine sector move. A double-bottom pattern and improving momentum support the technical case.
What is the Ironwood upgrade?
Ironwood is Zcash’s late-July upgrade aimed at restoring trust after a June vulnerability disclosure, using formal verification and independent audits to prove supply integrity. It is the decisive catalyst for whether ZEC’s rally holds.
What happened to Zcash in June?
Developers disclosed and patched a four-year-old vulnerability in Zcash’s shielded pool. No exploitation was confirmed, but the disclosure damaged trust and contributed to a roughly 40% price crash that ZEC is still recovering from.
What are the key Zcash levels?
The gate above is $454, the 50-day average; clearing it targets $520. Support is $356, which guards the round $300 level, with $251 below that. Whale selling has capped previous bounce attempts.
This is not investment advice. Zcash is highly volatile and carries elevated risk after its June security scare. Always do your own research.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Aave nasazuje V3 lending na Monad a při startu podporuje 12 aktiv včetně USDT0, USDC a GHO. Monad Foundation navíc vyčlenila 15 milionů USD na pobídky během prvních 12 měsíců.
Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchain’s lending ecosystem with support for 12 assets at launch.
On Thursday, Aave announced that the initial market supports USDT0, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aave's first deployment with Chainlink Smart Value Recapture enabled from day one, allowing part of the value generated from liquidations to be redirected back to the protocol.
The deployment expands Aave’s multichain lending network while giving Monad users and developers access to an established borrowing market, Aave’s GHO stablecoin and liquidity incentives intended to support early adoption.
Monad is compatible with Ethereum’s application environment, allowing existing Solidity contracts and Ethereum tooling to be used with minimal changes, according to Aave’s governance proposal.
Monad's total value locked as of Thursday. Source: DefiLlama
Aave deployment tests Monad’s liquidity ambitions Aave’s governance documents show that the Monad Foundation committed $15 million in incentives during the first 12 months after activation. The foundation also agreed to acquire and retain 10 million GHO for over six months, while Aave DAO committed another 500,000 GHO in incentives to support adoption on Monad.
These incentives could help establish initial liquidity. However, user activity will need to persist after incentives decline. According to a risk assessment by LlamaRisk, Monad’s mainnet launched on Nov. 24, 2025, and had about $359.5 million in total value locked as of June 8. It said early network usage had compressed after a strong start and that liquidity remained concentrated in established protocols.
LlamaRisk supported the deployment with conservative initial parameters, citing Monad’s short operating history.
The launch also comes as institutions increasingly explore bringing tokenized assets into DeFi lending markets. In June, Standard Chartered said that tokenized assets entering DeFi could drive deposits into Aave, whose deposit base reached about $75 billion at its October 2025 peak.
In April, Centrifuge revealed plans to bring tokenized Treasurys, private credit and AAA-rated collateralized loan obligations to Monad for use in lending, collateral and secondary-market activity.
Although Centrifuge has not announced that its assets will be integrated into Aave, the deployment gives Monad an established lending venue that could support tokenized assets as its ecosystem develops.
Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express
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NEAR Protocol nasadil na testnetu upgrade 2.13 s postkvantovými přístupovými klíči a dynamickým reshardingem. Mainnet přijde po auditech a koordinaci s komunitou.
NEAR Protocol Deploys Upgrade 2.13 on TestnetNEAR Protocol ($NEAR) has deployed upgrade 2.13 on testnet, introducing two significant technical changes: post-quantum safe access keys and dynamic resharding. The release marks a concrete step in NEAR's push to future-proof its cryptographic infrastructure ahead of mainnet deployment.
At the core of the security update is the adoption of FIPS 204, also known as ML-DSA (Module-Lattice-Based Digital Signature Algorithm). The Near One team chose FIPS-204, a lattice-based digital signature algorithm formally standardized by NIST in August 2024 as part of the agency's first batch of post-quantum cryptography standards. ML-DSA was formerly known as CRYSTALS-Dilithium and is designed to be secure against attacks from a cryptographically relevant quantum computer.
NEAR's rotatable access keys are designed to let users shift to quantum-safe signing without changing their account addresses. The upgrade also includes compact key storage and improved epoch sync, reducing overhead for node operators and validators.
Dynamic Resharding Removes Need for Governance VotesDynamic resharding means the network can automatically add or remove shards based on demand, rather than operating with a fixed shard count. This removes the need for governance upgrades each time the network needs to scale, allowing $NEAR's infrastructure to respond to load in real time.
The move positions NEAR as an early Layer-1 adopter of post-quantum cryptography, a security-focused protocol update likely to bolster adoption and confidence in the NEAR ecosystem. Mainnet deployment will follow after security audits and coordination with the NEAR community.
The broader context is one of growing urgency. Anton Astafiev, CTO at Near One, warned that the blockchain industry can no longer treat the quantum threat as a distant problem. The upgrade addresses the emerging threat quantum computers pose to current cryptographic standards such as Ed25519 and secp256k1, allowing users to rotate their keys to a quantum-resistant standard in a single transaction.
Sources:
Crypto Times: NEAR Plans Post-Quantum Safe Signing for Q2 2026 Testnet
NIST: First 3 Finalized Post-Quantum Encryption Standards
CoinDesk: Near Protocol to Automate Its Own Growth
Securitize se začala obchodovat na NYSE pod tickerem SECZ a zároveň spustila tokenizovanou verzi svých běžných akcií přes svou regulovanou platformu. Jde o první nově veřejnou společnost, která od začátku své existence jako kótovaný byznys uvedla vlastní akcie onchain. Tokenizované SECZ jsou dostupné na Avalanche a Solana po splnění onboardingových, identifikačních a jurisdikčních kontrol.
Securitize began trading on the New York Stock Exchange under the ticker SECZ on Thursday and launched a tokenized version of its common stock through its regulated platform.
Securitize is now officially a public company, listed on the @NYSE under the ticker SECZ.
Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets.
To everyone who helped us get here, thank you.
Tokenize the World. pic.twitter.com/XVhjA5udA9
— Securitize (@Securitize) July 2, 2026
The listing follows the completion of Securitize’s business combination with Cantor Equity Partners II. The company has brought more than $4 billion in assets onchain through its tokenization infrastructure.
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Eligible investors in the United States will be able to access tokenized SECZ on Avalanche and Solana after completing onboarding, identity verification and jurisdictional eligibility checks.
The tokens are intended to represent the same common stock trading on the NYSE rather than a synthetic product, offshore wrapper or separate share class. Tokenization changes how ownership is recorded and transferred but does not alter the legal nature of the underlying shares or remove applicable transfer restrictions.
Securitize said the rollout makes it the first newly public company to bring its own stock onchain from the start of its life as a listed business. Based on expected shareholder participation, the company also expects SECZ to become the world’s largest tokenized stock.
The launch builds on Securitize’s broader effort to bring public equities onto blockchain infrastructure while preserving direct ownership and shareholder rights. Its platform has previously worked with asset managers including BlackRock, Apollo, KKR and VanEck on tokenized investment products.
Securitize plans to expand the functionality and market infrastructure surrounding tokenized SECZ as its onchain shareholder base develops.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
While price action has long dominated the cryptocurrency market, attention in 2026 is steadily shifting toward the technical foundations of blockchain networks. With Ethereum, Solana and Avalanche preparing for some of their most ambitious protocol upgrades to date, Coinbase’s layer-2 network Base activated its Beryl hard fork just last Friday. In contrast, Bitcoin developers remain deadlocked over several contentious proposals and have yet to reach consensus.
Focus shifts from speed to resilienceTim Sun, a senior researcher at Hong Kong-based asset manager HashKey Group, explained that previous protocol upgrades have typically prioritized adding new features, speeding up transactions and boosting capacity. However, Sun observed that by 2026, the industry’s priorities are tilting towards more predictable governance, greater reliability and the development of robust, enterprise-scale infrastructure to support widespread financial use cases.
Tim Sun stresses that, looking ahead to 2026, simply adding more features is no longer the main concern; instead, reliability and institution-grade infrastructure are taking center stage.
Spotlight on Ethereum’s Glamsterdam upgradeAmong Ethereum’s key roadmap milestones, the Glamsterdam upgrade stands out as one of this year’s most pivotal steps. Currently being tested on developer networks, it is expected to roll out to the mainnet in the second half of 2026. Planned changes include improved scalability, reinforcement of the layer-1 base, and a streamlined user experience aimed at simplifying network usage.
Sun noted that the upgrade could enable higher transaction throughput, expand data capacity, and reduce database bloat. The overarching goal is to make Ethereum a more favorable environment for stablecoin settlements and on-chain use of real-world assets.
Holly Atkinson, chief product and technology officer at 1inch, described Glamsterdam as Ethereum’s most significant upgrade since The Merge in September 2022. One highlight is ePBS—short for enshrined proposer builder separation—a structure aimed at making block creation and proposal processes more transparent. However, RuleSpark founder Pavan Kaur cautioned that while this step might help, it will not eradicate maximal extractable value (MEV) issues altogether, as some harmful practices may simply adapt and persist in new forms.
Mini glossary: ePBS stands for enshrined proposer builder separation. It aims to clarify the distinction within the protocol between validators who propose blocks and entities that build their content, with the objective of minimizing concentration in transaction sequencing.
Solana and Base aim for lightning-fast confirmationsOn the Solana front, the Alpenglow upgrade is the year’s most significant development. After receiving strong backing in governance votes in September 2025, Alpenglow is still under development and slated for release in the latter half of 2026 alongside the Agave 4.1 validator client. This system will replace the current TowerBFT mechanism with an innovative voting component named Votor.
One of the most concrete impacts is a dramatic reduction in transaction finality time. The goal is to bring finality down to between 100 and 150 milliseconds under optimal network conditions, compared to the present average of approximately 12.8 seconds. The upgrade also targets reducing network load by removing on-chain voting operations, ultimately improving validator communication efficiency.
NetworkUpgradeKey objectiveEthereumGlamsterdamScalability and stronger layer 1SolanaAlpenglowCut finality time to 100–150 msBaseBerylReduce withdrawal time from 7 to 5 daysAvalanchePost-Etna L1 modelLower custom chain setup cost by over 99%Elsewhere, Base deployed its Beryl hard fork following a brief sequencer outage that paused block production for about two hours due to an invalid block. Jesse Pollak, one of Base’s co-founders, emphasized that users’ assets remained unaffected by the disruption, but acknowledged the downtime was unacceptable and added that lessons learned will help reinforce Base as a round-the-clock global financial platform.
Jesse Pollak underscores that user funds were secure during the incident, but says Base recognizes the network pause was not acceptable and is using this experience to guide technical improvements.
According to Base documentation, the Beryl hard fork introduces the B20 native token standard, shortens withdrawal finality from seven days to five, and implements the Reth V2 integration. These updates are expected to decrease node storage requirements and enhance execution efficiency.
Avalanche goes institutional, Bitcoin debates persistOn Avalanche, there is less focus on a single named hard fork and more on sweeping changes to attract enterprise users and boost performance. According to Sun, the Etna hard fork replaced the legacy subnet model with a system of sovereign Avalanche L1 chains, slashing the startup cost for launching a private blockchain by over 99%. He also highlighted that Progmat, which he says represents about 63% of Japan’s security token market, recently moved more than $2 billion in tokenized assets to a dedicated Avalanche L1 chain.
Bitcoin, meanwhile, stands apart from rival networks. Its main challenges in 2026 are not scheduled upgrades but debates over whether to make the protocol more programmable or to strengthen it against quantum computing threats. Proposals like OP_CAT, CTV and Lightning-focused LNHANCE—each associated with covenants and programmability—remain under discussion but lack an agreed activation path. Proposals such as BIP 360 and similar efforts to ease the shift to quantum-resistant spending methods are also still on the table without a clear consensus.
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.
Quant se připojil k x402 Foundation, aby propojil platby agentické AI s regulovaným bankovním systémem. Jeho Fusion už x402 platby podporuje a aktuálně funguje napříč více než 70 sítěmi.
The way money moves is about to change fundamentally. AI agents, not humans, are increasingly the ones initiating payments.
They are making transactions, executing trades, procuring services, and settling obligations autonomously and at machine speed. The question is no longer whether autonomous payments will happen, but whether the infrastructure behind them will be fit for purpose when they do.
Quant already builds and runs tokenised deposit infrastructure that is interoperable and programmable by design. That is why we have joined the x402 Foundation, hosted by the Linux Foundation.
What is x402?
x402 is an open-source payment protocol designed specifically for machine-to-machine transactions. It provides a standard that allows AI agents, automated services, and software to pay each other directly using stablecoins or other digital tokens, without requiring human approval at each step.
The name references HTTP status code 402: ‘Payment Required.’ Reserved in the original HTTP specification decades ago, it anticipated a future where payments would be native to the internet. x402 is the protocol that finally makes that a reality.
This is familiar territory for Quant. Our heritage is in internet technologies, protocols and security, and our vision has always been to connect the internet to money. In 2016, we helped establish the new technical committee ISO TC307 – Blockchain and distributed ledger technologies, responsible for developing ISO standards. And in 2026, we helped publish ISO 82098 (ISO/TS 23516:2026), the first international standard for blockchain interoperability.
We have led contributions through the IETF (Internet Engineering Task Force), building the technical standards at the intersection of finance and the open internet. When foundations form around protocols that matter, Quant is there shaping them.
Connecting the internet to blockchains has been Quant’s mission since our founding in 2015. Joining the x402 Foundation builds on that history, applying the same standards work to the emerging world of autonomous, machine-to-machine payments.
The problem with autonomous payments today
Most autonomous payment infrastructure today operates in a parallel financial system. Stablecoins and crypto-native tokens enable fast, programmable transfers, but they sit outside the regulated banking system. That means they lack the guardrails like deposit protections, settlement finality, and compliance frameworks that institutional finance requires and are there to protect both consumers and money.
For autonomous payments to reach systemic scale, where AI agents are transacting billions across borders on behalf of banks, corporates, and governments, they need to connect to the infrastructure where real economic value moves. A machine-speed payment layer built on unregulated rails will not be adopted by institutions with obligations to regulators, counterparties, and clients.
Where Quant comes in
Major UK banks are already working with Quant through the Great British Tokenised Deposits initiative, building interbank settlement infrastructure with full regulatory compliance and settlement finality. These are not synthetic tokens representing value.
They are commercial bank deposits, tokenised and made programmable, carrying the same trust, protections, and guarantees as traditional interbank payments.
By joining the x402 Foundation, we are connecting these two worlds, internet-native payment protocols and the regulated banking rails that underpin the real economy.
Autonomous agents will settle in tokenised bank money with the compliance, counterparty assurance and settlement certainty that wholesale markets demand, not confined to stablecoins operating outside the banking perimeter. It also closes the risk we have already seen play out, where agents drain wallets in response to a prompt because nothing stands between the instruction and the spend.
Banks authorise transactions and provide safeguards for our money. Agentic AI transactions should be no different, operating within the secure guardrails of bank security and protection.
Fusion: x402-ready from day one
Our Fusion Layer 2.5 multi-ledger roll-up already supports x402 payments out of the box. Fusion apps are designed to deploy in under a day, enabling developers and institutions to have x402-enabled applications running across any public or private network connected to Fusion’s network layer almost immediately.
This is production-ready infrastructure, available now.
Whether the use case is an AI procurement agent settling invoices across jurisdictions, an autonomous trading system executing cross-border FX, or a machine-to-machine micropayment layer for API services, Fusion provides the deployment framework, and Quant’s network provides the institutional connectivity. Currently spanning over 70 networks, that connectivity is available from day one.
Beyond developer tooling
Our decision to join the x402 Foundation goes beyond supporting an open-source protocol. It reflects a considered view that the next generation of payment infrastructure must be interoperable across both internet-native and bank-native inter-bank systems and networks.
The payments industry has spent years discussing programmable money, tokenised assets, and embedded finance. x402 represents the point where those concepts meet a real protocol, with real demand from AI infrastructure behind it. Through Quant, it now has real connectivity to the banking system.
The future of payments is not a choice between decentralised and institutional. It is the interoperability between them. That is what we are building.
Ondo Finance spustila první tokenizaci akcií v USA v souladu s požadavky SEC: na Ethereu uvedla ETF BlackRocku IVV a akcie Micronu. Produkt zatím není dostupný pro americké investory.
Ondo Finance CEO Ian de Bode (Ondo Finance) Summary
Ondo Finance rolls out its first implementation of the SEC's third-party custodial tokenization model that the agency outlined earlier this year.BlackRock's IVV ETF and Micron shares are the first securities being tokenized under U.S. framework instead of an offshore structure.Ondo's transfer agent Oasis Pro handles issuance, while Broadridge provides proxy voting and shareholder communications to token holders.Ondo Finance ONDO$0.3298 launched blockchain-based versions of BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares in a structure designed to operate within the existing U.S. securities system, based on the Securities and Exchange Commission's (SEC) staff statement for third-party tokenized securities in the U.S.
The company said Thursday the tokenized securities are issued on Ethereum through Oasis Pro TA, an SEC-registered transfer agent Ondo acquired last year. Financial infrastructure provider Broadridge (BR) will handle proxy voting, regulatory disclosures and shareholder communications, allowing token holders to receive the same governance rights as investors who own the securities through traditional brokerage accounts.
Importantly, the product is not yet available to U.S. investors.
Ondo said it is the first production deployment of the SEC's custodial tokenization model, using two securities to demonstrate that blockchain-based securities can fit within the current U.S. regulatory and custody framework.
"Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States," Ian De Bode, CEO of Ondo Finance, said in a statement.
"Today's milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors," he added.
Tokenization, or the process of representing traditional assets as blockchain-based tokens, has emerged as one of the fastest-growing areas blurring digital assets and traditional finance. Supporters say it can modernize capital markets through faster settlement, around-the-clock trading and easier movement of assets across financial platforms. A report by Citi projected that tokenized securities could reach $5.5 trillion market size by 2030.
Debate around tokenization modelsThe launch follows the SEC's January staff statement on tokenized securities, which outlined how a third-party custodial model could comply with existing securities laws. SEC staff statements don't have the full weight of formal guidance approved by the agency's commissioners, but do indicate how the regulator is thinking about issues like tokenization.
Under that approach, a regulated intermediary holds conventional shares in custody and issues blockchain-based tokens representing a holder's entitlement to those assets. That's an alternative approach to the issuer-sponsored tokenization, where the issuer of the underlying security is involved in the process.
The agency's guidance coincided with a growing debate over whether tokenized stocks issued without issuer involvement confer the same rights as traditional shares. The topic drew broader attention when OpenAI said last year it did not authorize Robinhood's tokenized offering tied to its shares and warned the tokens did not represent equity in the company.
Under Ondo's implementation, the underlying IVV and Micron shares remain within the traditional U.S. custody chain while Oasis Pro TA mints one-for-one tokenized entitlements on Ethereum (ETH). Regulated custodians continue to hold the underlying securities, while existing broker-dealer, transfer agent and custody controls enforce transfer restrictions. Broadridge's integration extends shareholder communications, proxy materials and voting rights to token holders through its existing investor services infrastructure.
The move comes as tokenized equities gain momentum across both crypto and traditional finance. Robinhood recently rolled out its own blockchain and expanded tokenized stocks beyond Europe, while the Depository Trust & Clearing Corporation (DTCC) has expanded blockchain-based infrastructure and exchanges including Nasdaq and the New York Stock Exchange (NYSE) have announced tokenization initiatives that would integrate blockchain technology into regulated securities markets.
Ondo emerged as one of the largest tokenized securities platforms outside the U.S., with more than $1 billion in tokenized stocks and ETFs spanning over 430 securities, according to the company.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
