ABD, İran’a yönelik yaptırımlarında bu kez doğrudan kripto para altyapısını devreye soktu. Son üç ay içinde İran bağlantılı yaklaşık 475 milyon dolarlık USDT, stablecoin ihraççısı Tether’in kara liste mekanizması kullanılarak donduruldu.
Son hamlede ABD Hazine Bakanlığı’na bağlı Yabancı Varlıkları Kontrol Ofisi (OFAC), İran Merkez Bankası (Bank Markazi) ile bağlantılı olduğu belirtilen Tron ağı üzerindeki dört cüzdanı yaptırım listesine aldı. Bu cüzdanlarda bulunan yaklaşık 131 milyon dolarlık USDT artık transfer edilemiyor.
Nisan ayında yine İran bağlantılı iki farklı cüzdanda bulunan 344 milyon dolardan fazla USDT de aynı yöntemle dondurulmuştu. Böylece yalnızca son üç ayda erişimi engellenen toplam varlık yaklaşık 475 milyon dolara ulaştı.
Bu gelişme, ABD’nin finansal yaptırımlarda yalnızca bankaları değil, stablecoin ihraççılarını da aktif şekilde kullanmaya başladığını gösteriyor.
ABD Yaptırımlarını Artık Kripto Üzerinden de Uyguluyor ABD Hazine Bakanı Scott Bessent, söz konusu yaptırımların İran’ın uluslararası yaptırımları aşmak için kullandığı gelir ağlarını hedef aldığını söyledi.
Washington yönetimine göre İran, bankacılık sistemi dışında dolar bazlı varlık transferleri için kripto para altyapısından giderek daha fazla yararlanıyor.
Son yaptırımlar, ABD ile İran arasında Hürmüz Boğazı çevresinde yeniden yükselen askeri gerilimin ardından geldi. ABD Merkez Komutanlığı (CENTCOM), 14 Temmuz itibarıyla İran limanlarına yönelik deniz trafiğine yeni kısıtlamalar uygulanacağını açıklarken, İran’a ait bazı askeri hedeflere yönelik yeni operasyonlar da düzenlendiğini duyurdu.
ABD yönetimi, bu süreçte yalnızca cüzdanları değil, İran’ın kripto para ekosistemini oluşturan platformları da hedef alıyor.
Tether Freezes $131M In USDT Linked To Iran's IRGC
Tether has frozen four Tron wallet addresses holding roughly $131 million USDT, according to analyst Specter.
On chain data shows most funds were withdrawn from DTC Pay and Bitso. The wallets are tied to the IRGC and Iran's… https://t.co/YokFyB0NYk pic.twitter.com/Wsnl776l7f
— BSCN (@BSCNews) July 15, 2026
İran’ın Kripto Altyapısı da Hedefte ABD Hazine Bakanlığı, haziran ayında İran’ın en büyük kripto para borsaları arasında yer alan Nobitex, Bitpin, Ramzinex ve Wallex platformlarını da yaptırım listesine ekledi.
Hazine Bakanlığı verilerine göre yalnızca Nobitex, 2025 yılında İran’a giren kripto varlıkların yarısından fazlasını işledi. Yetkililer, platformun İran Merkez Bankası’nın yüz milyonlarca dolarlık stablecoin edinmesine aracılık ettiğini öne sürüyor.
Blockchain analiz şirketi Chainalysis’in verileri de İran’ın kripto kullanımındaki büyümeyi ortaya koyuyor.
Şirketin tahminlerine göre İran’ın kripto para ekosistemi 2025 yılı boyunca 7,78 milyar doların üzerinde işlem hacmine ulaştı. Yılın son çeyreğinde ise ülkenin kripto faaliyetlerinin yaklaşık yarısının Devrim Muhafızları Ordusu (IRGC) ile bağlantılı adresler üzerinden gerçekleştiği belirtildi. Bu adreslerin yıl boyunca aldığı kripto varlık miktarı 3 milyar doların üzerine çıktı.
ABD Hazine Bakanı Scott Bessent ise mayıs ayı sonunda yaptığı açıklamada, İran bağlantılı yaklaşık 1 milyar dolarlık kripto varlığın soruşturmalar kapsamında dondurulduğunu veya el konulduğunu ifade etmişti.
Tether Bu Cüzdanları Nasıl Dondurabiliyor? Bu gelişme, Bitcoin ile USDT arasındaki en önemli farkı da yeniden gündeme getirdi.
Bitcoin ağı merkezi bir şirket tarafından yönetilmediği için herhangi bir kurum tek taraflı olarak bir cüzdanı durduramıyor.
USDT ise Tether tarafından ihraç edilen merkezi bir stablecoin olduğu için şirket, akıllı sözleşme üzerinden belirli cüzdanları kara listeye alabiliyor.
Bu işlem blok zincirini değiştirmiyor ve cüzdan bakiyesi silinmiyor. Ancak kara listeye alınan adreslerde bulunan USDT’ler transfer edilemiyor, harcanamıyor veya başka bir cüzdana gönderilemiyor.
Tether, gerekli hukuki süreçlerin tamamlanması halinde dondurulan tokenları iptal ederek aynı miktarı farklı bir adrese yeniden ihraç edebilme yetkisine de sahip.
Tether’in Kolluk Kuvvetleriyle İş Birliği Büyüyor Şirket son yıllarda yaptırımlar ve kara para aklamayla mücadele kapsamında kamu kurumlarıyla iş birliğini önemli ölçüde artırdı.
Tether’in paylaştığı verilere göre şirket bugün 65 ülkede faaliyet gösteren 340’tan fazla kolluk kuvvetiyle çalışıyor.
Bu iş birlikleri kapsamında şimdiye kadar 2.300’den fazla soruşturmaya destek verildiği belirtilirken, toplam 4,4 milyar doların üzerinde dijital varlık donduruldu. Bunun 2,1 milyar dolardan fazlası ise ABD makamlarının talepleri doğrultusunda gerçekleştirildi.
Şirket ayrıca 2023 yılının sonunda OFAC yaptırım listesinde bulunan cüzdanları otomatik olarak kara listeye alma politikası benimsediğini açıklamış, ABD Gizli Servisi ile birlikte çalışmaya başladığını ve FBI’a da benzer erişim sağladığını duyurmuştu.
Yaklaşık 184 milyar dolarlık dolaşımdaki arzıyla dünyanın en büyük stablecoin’i olan USDT, bugün yalnızca kripto para borsalarında değil, küresel ödeme sistemlerinde ve sınır ötesi para transferlerinde de yoğun şekilde kullanılıyor.
Son gelişmeler ise stablecoin ihraççılarının artık yalnızca finansal sistemin değil, ülkeler arasındaki yaptırım mekanizmalarının da önemli bir parçası hâline geldiğini gösteriyor.
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.
In brief OFAC sanctioned multiple wallets tied to Iran's central bank and the Iranian armed forces on Tuesday, resulting in Tether freezing over $131 million across four addresses on the Tron blockchain. On-chain analysts tracked the frozen funds to prior withdrawals from DTC Pay and Bitso. The Treasury separately sanctioned seven individuals and entities involved in a global Iranian weapons procurement network. The U.S. Treasury's Office of Foreign Assets Control sanctioned multiple cryptocurrency wallets tied to Iran's Central Bank and the Islamic Revolutionary Guard Corps on Tuesday, with stablecoin issuer Tether freezing over $131 million across four addresses on the Tron blockchain.
Treasury Secretary Scott Bessent confirmed the move in a post on X, vowing the U.S. would "aggressively follow the money and deny the Iranian regime access" to illicit funds. Separately, the Treasury sanctioned seven individuals linked to a global weapons procurement network for the Iranian armed forces, IRGC—including a Tehran-based drone parts supplier, a Nigerian intermediary, and Russian nationals tied to a Moscow aviation company.
.@USTreasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets. Today, Treasury’s Office of Foreign Assets Control sanctioned multiple wallets tied to the Central Bank of Iran, resulting in the freeze of over $130…
— Treasury Secretary Scott Bessent (@SecScottBessent) July 14, 2026
To understand why this matters, you have to understand how it works. USDT—a digital token issued by Tether pegged one-to-one to the U.S. dollar—runs on blockchains like Ethereum and Tron, outside the banking system Iran has been largely cut off from for years. Because Tether issues the token, it retains the ability to freeze specific wallet addresses at the software level, rendering the funds immovable.
On-chain analyst Specter on X identified the four frozen addresses before Bessent's announcement, tracing their links to both the IRGC and Iran's central bank. His analysis showed most of the funds had previously been withdrawn from DTC Pay, a payment service provider, and Bitso, a Latin American cryptocurrency exchange, before landing in the wallets OFAC ultimately sanctioned.
The wallet is linked OFAC sanctioned ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)- CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN (BANK MARKAZI JOMHOURI ISLAMI IRAN) pic.twitter.com/f0wlcHrYDR
— Specter (@SpecterAnalyst) July 14, 2026
Blockchain is what makes this enforcement possible—and what makes Iran's crypto workaround less safe than it looks. Transactions on public networks like Tron are permanently visible, and U.S. agencies work alongside analytics firms to trace how money moves. The more centralized a blockchain or crypto solution is, the more prone it is to being censored.
TRM Labs' Ari Redford told Bloomberg in April that law enforcement can "track and trace the flow of funds to build cases—and potentially seize them” when actors try to cash out at regulated exchanges, which must comply with US rules.
“It has become this cat and mouse game between the IRGC financial facilitators and National Security (Agencies) to try to stop Iran from offraping,” he said.
Iran has spent years building a crypto infrastructure to circumvent sanctions. The country legalized Bitcoin mining in 2019 and turned to USDT to stabilize a rial (its local fiat currency) in freefall and settle international trade. Blockchain analytics firm Chainalysis tracked nearly $8 billion in attributed Iranian crypto volume in 2026—TRM argues it’s almost $10 billion—with IRGC-associated addresses accounting for more than half of the country's inflows in the final quarter of that year.
Tuesday's freeze is the latest move in a campaign branded Operation Economic Fury. In April, Tether froze $344 million in USDT across two other Tron addresses tied to Iran's central bank. By May, Bessent said the U.S. had seized roughly $1 billion in Iranian crypto total since the campaign began. In June, the Treasury sanctioned Iran's four largest exchanges, including Nobitex, which alone processed more than half of the country's digital asset volume in 2025.
Tether says it now works with more than 340 law enforcement agencies across 65 countries and has frozen more than $4.4 billion in assets since it began coordinating with authorities, including more than $2.1 billion tied to US enforcement actions.
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OFAC sanctioned wallets tied to Iran’s central bank, freezing mostly Tether’s USDT on Tron, as a US-Iran ceasefire collapsed and Washington renewed a naval blockade.
Posted July 15, 2026 at 1:48 pm EST.
The US Treasury sanctioned multiple crypto wallets tied to the Central Bank of Iran on Tuesday, freezing more than $130 million in digital assets, most of it Tether’s USDT stablecoin held on the Tron network. Treasury Secretary Scott Bessent disclosed the action in a post on X, saying it is part of an effort to deny the Iranian government access to revenue from illicit activity.
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” Bessent said in the post. “We will continue to aggressively follow the money and deny the Iranian regime access to the proceeds of its illicit revenue schemes.”
The freeze was carried out through the Treasury’s Office of Foreign Assets Control, with Tether cooperating to freeze assets in the designated addresses.
Blockchain investigator Specter had flagged the freeze earlier on Tuesday, sharing on-chain data showing four Tron wallets holding about $131 million in USDT had been frozen.
‘Economic Fury’ The action appears to be the latest under Operation Economic Fury, the financial-pressure campaign against Iran that Washington launched in March last year. In April, US authorities had Tether lock roughly $344 million of USDT across two wallets, and Bessent said in May that the government had seized around $1 billion in Iranian crypto assets. Treasury previously sanctioned four Iranian crypto exchanges under the same effort.
The most recent action comes as a ceasefire between the US and Iran has collapsed. The U.S. has renewed a naval blockade of Iranian ports and announced fresh strikes, while Iran has launched drone attacks on a US-used air base in Jordan.
Related Listen: DEX in the City: Class Actions in Crypto Are on the Rise. Are They More Dangerous Than SEC Enforcement?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
The US Treasury has frozen more than $130 million in cryptocurrency connected to Iran, targeting four Tron wallets that held approximately $131 million in USDT. The action comes as Washington intensifies measures against sanctioned groups using digital assets.
Tron wallets targeted in sanctions effortAccording to Secretary Scott Bessent, the Treasury issued the freeze order following on-chain data and analysis from blockchain investigator Specter, which identified wallets with ties to the Central Bank of Iran. The wallets were subsequently frozen by Tether, the company behind USDT, acting in coordination with US authorities.
Bessent explained that these wallets had been linked to financial operations supporting Iran’s government. He stated that the Treasury Department seeks to prevent Iran from exploiting cryptocurrencies to bypass traditional financial restrictions.
In a statement, Bessent emphasized the US Treasury’s commitment to disrupt and degrade “Iran’s illicit financial activities, including its abuse of digital assets.”
The targeted Tether wallets, which operated on the Tron blockchain, represent one of the largest cryptocurrency freezes related to Iran to date. Tron is a blockchain-based decentralized platform known for its speed and low transaction costs, frequently used for issuing tokens such as USDT.
Mini dictionary: Tether (USDT) is a widely used stablecoin pegged to the US dollar. It operates across several blockchains, including Tron, and facilitates fast and stable digital transactions, often used in international settlements and in markets where local currencies are unstable.
BlockchainAsset FrozenRecipients LinkedTron$131 million USDTCentral Bank of IranMounting US-Iran tensionsThe freeze coincides with escalating tensions between the US and Iran following the collapse of a ceasefire agreement. The situation has seen the US imposing fresh sanctions on Iranian ports, while American military officials have reported new operations against Iranian interests.
Meanwhile, Iranian military sources claimed that drones had targeted US military installations at Jordan’s Al Azraq Air Base, highlighting the growing conflict in the region.
Broader enforcement and industry cooperationThe latest Treasury action adds to a pattern of increased enforcement targeting digital assets used by sanctioned states. In April, Tether froze assets worth over $344 million in USDT at the request of US officials.
Bessent also revealed that US authorities confiscated roughly $1 billion in cryptoassets tied to Iranians in May, as part of Operation Economic Fury. Launched in March 2025, the operation focuses on intercepting funds used by Iran for military and weapons procurement.
The Treasury’s efforts are supported through close coordination with blockchain firms such as Tether, which have proven instrumental in uncovering and obstructing illicit financial channels.
Describing the ongoing enforcement, Bessent said the US will continue to pursue Iran’s financial networks and deny the regime access to revenue streams that support banned activities.
US officials maintain that the freeze of crypto wallets linked to Iran demonstrates the evolving importance of digital assets in sanctions enforcement and underscores the necessity of collaboration between regulators and key industry players.
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.
US authorities froze over $130 million, while renewed strikes and a naval blockade intensified regional tensions.
The United States has frozen more than $130 million in crypto assets linked to Iran as hostilities in the Middle East continue to intensify.
US Treasury Secretary Scott Bessent took to X to confirm that the Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned multiple crypto wallets tied to the Central Bank of Iran.
Escalating Hostilities Bessent said the action is part of the Treasury’s broader effort to disrupt and degrade Iran’s illicit financial activities. He added,
“We will continue to aggressively follow the money and deny the Iranian regime access to the proceeds of its illicit revenue schemes.”
In a separate post, blockchain investigator Specter reported that stablecoin issuer Tether froze four TRON wallets holding approximately $131 million in USDT. According to Specter, most of the funds in those wallets were traced to withdrawals from payment service provider DTC Pay and crypto exchange Bitso before being frozen. Specter later said the wallets are linked to OFAC-sanctioned entities, including the Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of the Islamic Republic of Iran (Bank Markazi Jomhouri Islami Iran).
The enforcement action comes as the situation between the US and Iran has significantly deteriorated following the collapse of their ceasefire. The US military said it has reimposed its naval blockade of Iranian ports after previously enforcing it between April and June. The development came as US forces carried out a fourth consecutive day of strikes on Iranian targets. Meanwhile, Iran’s army said it launched drone attacks on Jordan’s Al-Azraq military base as part of the seventh phase of “Operation Lightning.”
According to a statement carried by the state-run Islamic Republic of Iran Broadcasting (IRIB), the operation targeted facilities including locations housing F-18 fighter jets, accommodation buildings, and a large equipment shed. The latest military actions coincided with renewed warnings from Donald Trump, who said in a television interview that the US would target bridges and power plants next week unless Tehran returns to the negotiating table.
Crypto Crackdown on Iran The latest freeze comes just months after another major crackdown. In April, Tether froze more than $344 million in USDT at the request of US authorities.
You may also like: US Govt Moves $244M in Bitcoin to Coinbase: Did Trump Break His Promise? Oil Soars, Bitcoin Plunges as Trump Declares Iran MoU ‘Is Over’ Rapid Retail Mood Swings Signal Caution as BTC Retreats Amid Iran Strikes The US Treasury also sanctioned Iran’s largest crypto exchange, Nobitex, along with Wallex, Bitpin, and Ramzinex, as part of the Trump administration’s Economic Fury campaign last month. US officials alleged that the exchanges helped Iran evade sanctions, process transactions linked to the Islamic Revolutionary Guard Corps (IRGC), and move funds through digital assets.
Treasury also claimed Nobitex handled more than half of Iran’s crypto inflows in 2025 and helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins.
Anchorage Digital, home to America’s first federally chartered crypto bank, today announced expanded support for the TRON Network with native TRX staking and custody for TRC-20 assets. The expansion enables institutions to securely custody TRON-based assets and participate in network staking through the same regulated platform they already use for digital asset custody. TRON Network is governed by TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps).
Institutions can now stake TRX directly through Anchorage Digital, enabling them to earn protocol staking rewards while maintaining the security, operational controls, and regulatory standards they expect. Staking rewards are generated by the TRON protocol and vary based on validator selection and applicable platform fees. The launch also includes support for TRC-20 assets, giving institutions broader access to tokens issued on the TRON network.
Earlier this year, Anchorage Digital added custody support for the TRON blockchain, allowing institutions to hold TRX through both its regulated platform and Porto, Anchorage Digital’s self-custody wallet. Today’s launch builds on that foundation by adding native staking and broader support for the TRON ecosystem.
“Institutions are looking for the ability to participate in leading networks where on-chain activity and adoption continue to grow,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “TRX staking is another step in our commitment to supporting the digital asset ecosystems our clients care about. By adding native staking alongside custody, we’re giving institutions a compliant way to engage more deeply with TRON, a network that sits at the center of the stablecoin economy.”
“Expanding support with Anchorage Digital is an important milestone for the TRON ecosystem and the institutions building on it,” said Justin Sun, Founder of TRON. “Custody is the first step, but staking allows institutions to become active participants in the network. Secure, regulated infrastructure is what helps turn institutional interest into participation.”
TRON has become a leading blockchain for stablecoin settlement, with the largest circulating supply of USD Tether (USDT), which currently exceeds $90 billion. The network has also grown to more than 392 million total user accounts, processed over 14 billion transactions, and reached more than $26 billion in total value locked.
As institutional adoption of digital assets grows, Anchorage Digital’s expanded TRON integration provides secure, regulated access to one of the world’s most active blockchain networks. Through this integration, Anchorage Digital is broadening institutional participation in the TRON ecosystem, while TRON continues to strengthen the infrastructure supporting stablecoin settlement and on-chain financial activity.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $90 billion. As of July 2026, the TRON blockchain has recorded over 392 million in total user accounts, more than 14 billion in total transactions, and over $26 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”
TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
BNB Chain has completed its 36th quarterly token burn, permanently removing 1,615,827.795 BNB from circulation.
Summary
BNB Chain burned 1.61 million BNB worth $932 million in its 36th quarterly burn event. BNB supply fell to 133.17 million after the burn, moving closer to 100 million target. Future quarterly burns will occur directly on BSC, sending tokens permanently to the blackhole address. The tokens were worth about $931.7 million when the burn took place on July 15, according to the official BNB Chain announcement.
The transaction reduced BNB’s total supply to 133,166,127.91 tokens. BNB Chain’s Auto-Burn system will continue reducing supply until the total reaches 100 million BNB, or half of the token’s original maximum supply.
BNB Chain removes 1.61 million tokens The latest burn removed more BNB than the previous quarterly event. The 35th burn in April destroyed 1,569,307.34 BNB worth about $1.02 billion at the time, leaving total supply at roughly 134.79 million tokens.
The dollar value of each burn changes with BNB’s market price, while the Auto-Burn formula determines the number of tokens removed. BNB Chain calculates the amount using BNB’s price and the number of blocks produced on BNB Smart Chain during the quarter. The mechanism operates independently from the Binance centralized exchange.
Future BNB burns move directly to BSC The 36th burn also marks a change in how the quarterly process operates. BNB Chain said this burn and future quarterly burns will take place directly on BSC following the BNB Chain Fusion process.
The network will send the corresponding BNB to the 0x000000000000000000000000000000000000dEaD blackhole address. Tokens sent there cannot return to circulation. As previously explained, a genuine burn permanently removes tokens by sending them to an address with no usable private key.
BNB Chain also adjusted the Auto-Burn formula after its Lorentz, Maxwell and Fermi network upgrades increased block production speed. The project said the changes maintain the original design of the burn system despite the faster block schedule.
Real-time gas fee burns continue alongside quarterly cuts The quarterly Auto-Burn operates alongside BNB Chain’s real-time burn mechanism. Under BEP-95, BSC validators burn a fixed portion of gas fees collected from each block. Around 291,000 BNB has been removed through that mechanism since its introduction, according to BNB Chain.
The two systems reduce supply through separate processes. The quarterly mechanism uses a formula linked to price and block production, while the real-time system burns part of transaction fees as users interact with BSC. Neither process guarantees changes in BNB’s market price because demand and wider market conditions also affect valuation.
BNB burn comes as institutional access expands The supply reduction comes after new regulated investment products expanded access to BNB.As reported by crypto.news, VanEck launched the first U.S. spot BNB exchange-traded fund on Nasdaq in May under the VBNB ticker.
BNB also remains the native asset used for transaction fees, staking and governance across the wider BNB Chain ecosystem. The latest burn reduced its total supply to about 133.17 million, leaving roughly 33.17 million BNB to be removed before the network reaches its long-term 100 million supply target.
The move to direct BSC burns establishes the process that BNB Chain plans to use for future quarterly events. The next burn amount will again depend on the Auto-Burn formula and network activity during the coming quarter.
BNB Chain has completed its 36th quarterly token burn, sending 1,615,827.795 BNB to dead wallets worth nearly $932 million.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The BNB Foundation has announced the successful completion of the 36th quarterly BNB token burn by BNB Chain.
BNB Chain completed its 36th quarterly BNB token burn, sending 1,615,827.795 BNB to dead wallets worth $931,702,464 at the time of the burn. Following the burn, BNB's remaining total supply is now 133,166,127.91 BNB.
BNB employs an auto-burn system to gradually reduce its total supply to 100,000,000 BNB, with the burn amount adjusted based on BNB's price and the number of blocks generated on BSC during a quarter. The BNB Auto-Burn provides an independently auditable, objective process and is independent of the Binance centralized exchange.
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Additionally, BNB implements a real-time burning mechanism based on gas fees. BSC validators determine the ratio of gas fees collected in each block, which is burned at a fixed rate. Since the introduction of BEP-95, 290,954 BNB has been burned under this mechanism.
This quarter's burn and future burns will occur directly on BSC due to the BNB Chain Fusion, with the corresponding BNB amount being sent to a "black hole" address.
BNB Chain NewsBNB recently marked its ninth anniversary, having launched on July 14, 2017. Earlier in July, BNB Chain unveiled its tech roadmap for the second half of 2026, which doubles down on speed.
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In the first half of 2026, BSC slashed block intervals to 450 ms, brought in-memory finality down to 650 ms, and nearly doubled benchmark throughput to about 5,200 TPS. The objective for the second half of 2026 is to double mainnet throughput again, on a stated path toward a 10x improvement across BNB Chain.
Beyond its existing stack, BNB Chain is developing a next-generation L1 architecture built to support different use cases than the existing ones. BNB Chain plans to ship it on testnet by the end of 2026, with a mainnet release following in early 2027.
The BNB Foundation has confirmed the completion of the 36th quarterly BNB token burn, which was executed by BNB Chain. This latest burn event involved sending 1,615,827.795 BNB, valued at approximately $931,702,464 at the time, to dedicated “dead” wallets.
Burn mechanics and supply reductionFollowing the operation, BNB’s total supply now stands at 133,166,127.91 tokens. BNB Chain employs an automated burn mechanism designed to gradually decrease the total supply to 100,000,000 BNB over time. The mechanism determines the burn quantity by factoring in the current BNB price and the number of blocks generated on BNB Smart Chain (BSC) each quarter.
The auto-burn system is structured to be transparent, allowing independent verification while operating independently from Binance’s centralized exchange platform.
Through the auto-burn system, BNB Chain aims to ensure transparency and maintain an objective process for reducing token supply, separate from centralized exchange activities.
Mini dictionary: Dead wallet (or “black hole” address): A blockchain address with no known private key, making sent tokens unrecoverable and effectively removed from circulation.
Additionally, BNB supports a real-time burning model linked to transaction gas fees. BSC validators decide the share of gas fees to be destroyed in each block, applying a fixed burn rate. Since the launch of BEP-95, a total of 290,954 BNB has been removed under this real-time mechanism.
Mini dictionary: BEP-95: A proposal on BNB Smart Chain introducing a real-time burning process, where a portion of each block’s gas fee is burned to permanently reduce BNB supply.
Burn mechanismAmount burned (BNB)Supply after burn (BNB)Auto-burn (36th event)1,615,827.795133,166,127.91BEP-95 real-time burn (total)290,954Included in current supplyNetwork upgrades and roadmapThis quarter’s burn and all future burns will be conducted directly on the BSC network following BNB Chain Fusion. The BNB tokens are sent to a black hole address, removing them from circulation permanently.
BNB Chain, an organization responsible for overseeing BNB’s blockchain ecosystem, recently marked its ninth anniversary, having debuted on July 14, 2017. Earlier this month, BNB Chain outlined its technology roadmap for the remainder of 2026, with a renewed emphasis on speeding up the network.
In the first six months of 2026, BSC reduced its block intervals to 450 milliseconds and lowered in-memory finality to 650 milliseconds. These changes nearly doubled benchmark throughput to about 5,200 transactions per second (TPS). The stated objective by year-end is to double mainnet throughput once more, supporting a long-term goal of achieving a tenfold improvement across BNB Chain’s infrastructure.
The latest upgrades focus on drastically improving transaction speed and scalability, with BNB Chain targeting a 10x performance boost in its ongoing rollout.
Beyond these advances, BNB Chain is developing a next-generation Layer 1 blockchain architecture to broaden the range of potential use cases. Deployment on a public testnet is scheduled by the end of 2026, followed by a mainnet launch in early 2027.
Mini dictionary: Layer 1 architecture: A base blockchain protocol that manages its own consensus and security, forming the foundation on which decentralized applications and secondary networks (Layer 2) are built.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The market has had plenty to digest this week, so not every headline deserves the same treatment. This one does, because bnb price stabilizing near crucial ranges indicates solid exchange ecosystem demand patterns. That gives it a clearer place in the NewsBTC/Bitcoinist daily coverage map.
For more details, visit the official Arkham platform.
TL;DR BNB Stabilizes Near $578 is the main story for Binance today.BNB price stabilizing near crucial ranges indicates solid exchange ecosystem demand patterns.The cleaner read is to focus on what Arkham Intelligence actually shows, not to overstate what the update proves. Why This Update Matters Exchange updates matter when they reveal where liquidity, user access, and product distribution are moving next. That is the lens I would use here. The update is not valuable because it gives traders a magic answer. It is valuable because it adds another reliable data point to a market that has been moving quickly and, at times, messily.
Outline futures funding rate trends for BNB recorded post CPI release. That detail is important because it gives the story a specific centre of gravity. Without that, it would be too easy to turn this into a generic market move or a recycled headline.
For readers, the useful question is not simply whether Binance is getting attention. It is whether the underlying development changes access, liquidity, regulatory clarity, infrastructure reliability, or trader positioning. In this case, the answer is that it does give the market something concrete to evaluate.
Because the source is Arkham-tracked market or wallet data, the cleanest reading is about visible flows and market structure. It should not be treated as a complete technical charting source on its own.
The Market Read From Here The immediate read is also different depending on who is watching. Traders may focus on price and liquidity, while builders or compliance teams may care more about the rule, integration, product, or infrastructure detail. That split is exactly why the story is worth handling as a standalone article rather than burying it in a broader recap.
There is also a timing element. The July 15 update arrives after several sessions where crypto markets have been sensitive to macro headlines, ETF flows, regulatory signals, and exchange-level product changes. Any credible update that touches one of those channels is going to attract attention.
What should be avoided is the temptation to turn one development into a sweeping conclusion. A listing is not the same thing as adoption. A price rebound is not the same thing as a confirmed trend reversal. A new rulemaking step is not the same thing as final legal certainty. The value is in the narrower, more accurate read.
Binance ecosystem stories still carry weight because liquidity, user distribution, and chain infrastructure often meet in the same place. The key is to explain the actual product or network change, not just the brand attached to it.
The Bottom Line For now, the story gives the market one more piece of evidence about where Binance sits in the current cycle. It may be about regulatory clarity, a product rollout, a price level, or a piece of infrastructure, but the same rule applies: the strongest conclusion is the one that stays closest to the source.
If follow-up data confirms the direction of travel, this could become part of a larger narrative. If not, it still gives readers a useful snapshot of how quickly crypto’s active themes are rotating across policy, infrastructure, payments, exchanges, and market structure.
That is why this deserves coverage now. It is not about forcing a dramatic market call. It is about giving readers a clear, grounded explanation of what happened, why it matters, and what still needs to be watched.
This report is based on information from Arkham Intelligence.
This article was written by the News Desk and edited by Samuel Rae.
THENA, the decentralized exchange operating on BNB Chain, has put its most ambitious strategic overhaul to a community vote. The THENA 2.0 proposal went live on Snapshot on July 15, kicking off a five-day governance window that could reshape the protocol’s entire direction.
Only holders of the veTHE governance token get a say. And what they’re voting on isn’t a minor parameter tweak. It’s a multiyear vision that would push THENA beyond its current roots in spot and perpetual trading into consumer finance, real-world assets, and AI-driven execution systems.
What THENA 2.0 actually proposes The proposal’s core mechanical focus is reconstructing the protocol’s liquidity engine. That means prioritizing revenue-generating liquidity pairs and locking down what the team calls “essential execution resources.”
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The community wasn’t blindsided by this. Discussions around the THENA 2.0 vision played out over the two weeks preceding the vote, giving veTHE holders time to digest the scope of what’s being proposed.
A primary goal of THENA 2.0 is to position the platform as an access layer to DeFi within the BNB ecosystem, rather than competing across various DeFi verticals.
THENA currently operates under what’s called a ve(3,3) model, a tokenomics framework that aligns incentives between liquidity providers and governance participants. The protocol upgraded this system to what it brands as “V3,3” back in May 2025, which served as a precursor to the broader strategic rethink now being put to a vote.
A $7 million protocol with big ambitions The $THE token trades at roughly $0.05, with a circulating supply of approximately 130 to 134 million tokens. That puts the market cap at around $7 million.
In March 2026, a price manipulation incident involving $THE left Venus Protocol, a major BNB Chain lending platform, holding roughly $2.15 million in bad debt. The exploit manipulated token valuations in a way that cascaded into Venus’s lending pools.
The vote closes five days from the July 15 launch. Whatever the outcome, it will define THENA’s trajectory for the foreseeable future.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance Coin (BNB) is trading near $579.50 as traders closely monitor a potential breakout above the key $589-$590 resistance area, which could signal a significant shift in its short-term trajectory. Several technical analysts have stated that a move above this level could pave the way for gains toward $647, despite ongoing broader market pressure.
Inverse head and shoulders pattern sets breakout levelOn the 12-hour BNB/USDT chart, analysts have identified an inverse head and shoulders formation, with a well-defined left shoulder, head, and right shoulder. The neckline, situated around $589-$590, serves as a crucial resistance zone to confirm a bullish reversal for BNB.
Technical research indicates that a decisive close above the neckline could validate the pattern and project a move toward $647.29. This target represents approximately a 10% potential increase from the breakout level.
Should BNB fail to maintain key supports, the pattern would be invalidated at $537.31, increasing the risk of a deeper correction.
Support LevelResistance LevelPattern Target$550, $537$589–$590, $615$647Multi-month support holds with key technical confluenceBNB has continued to find support near $550, a level reinforced by both the Value Area Low (VAL) and the 0.618 Fibonacci retracement. This confluence has historically drawn buying interest, preserving the range-bound nature of the current market.
Analysts agree that maintaining this support increases the probability of forming a higher low, which would reinforce ongoing recovery momentum and potentially drive BNB back toward the higher end of its recent trading range.
However, sustained trading below $550 could weaken the short-term outlook and potentially accelerate losses toward the $537 support region.
Mini dictionary: Value Area Low (VAL), the lowest price level within the range where the majority of trading volume has occurred, often used by traders to identify zones of strong support.
Long-term technical bias remains bearishTechnical analyst AshleyTheDuke commented that, despite BNB’s recovery from the $537.25 low, its broader market structure remains bearish. The token continues to trade below $632.90 and remains under the 50-day and 100-day exponential moving averages, both of which have formed bearish crossovers.
While recovering from multi-month support, BNB continues to face resistance at $632.90, with volume declining and relative strength index (RSI) hovering around 50, indicating a lack of strong market momentum.
AshleyTheDuke emphasized that bulls would need to reclaim levels above $632.90 to shift the dominant trend in their favor.
Mixed signals from technical indicators and moving averagesTechnical indicators aggregated by TradingView currently rate BNB’s market stance as Neutral. Key oscillators are split: RSI stands at 50.56 (Neutral), Stochastic %K at 67.72 (Neutral), CCI at 83.19 (Neutral), MACD (12,26) provides a Buy signal at -3.52, while both Momentum and Bull Bear Power indicate Sell signals. The ADX reading at 14.34 highlights weak trend strength, suggesting no clear dominance by buyers or sellers.
Short-term moving averages remain constructive, with the 10-day EMA at $574.40, the 20-day SMA at $568.56, and the 30-day SMA at $573.25 all indicating bullish undertones. In contrast, longer-term averages signal caution, as the 50-day EMA at $590.18, the 50-day SMA at $594.02, the 100-day EMA at $615.34, and the 100-day SMA at $615.11 continue to suggest selling pressure. Both 200-day averages, near $665-$670, reflect the intact corrective trend.
Moving Average PeriodValueSignal10-day EMA$574.40Buy20-day SMA$568.56Buy50-day EMA$590.18Sell100-day EMA$615.34Sell200-day EMA/SMA$665–$670SellAdditional indicators, such as the Hull Moving Average (9) at $576.18 and the Ichimoku Base Line at $569.25, are supporting current price levels, providing dynamic support in the near-term range.
Mini dictionary: Ichimoku Base Line, a key indicator in the Ichimoku Kinko Hyo system, representing an average of the highest and lowest prices over a specified period, often used as dynamic support or resistance.
Key levels and the path aheadImmediate resistance for BNB lies in the $589 to $615 region. This area not only marks the neckline of the inverse head and shoulders pattern but also coincides with several longer-term moving averages. A confirmed breakout above this range would reinforce bullish momentum, targeting the $625 intermediary zone and the primary pattern projection near $647.
On the downside, first support is seen at $569-$575, while the more significant area is around $550. If price action fails to hold above $550, analysts note that additional downside toward $537 could be triggered, invalidating several bullish structures currently in place.
Until a clear move emerges on either side, the market is likely to remain in consolidation, with traders waiting for confirmation before shifting bias.
Binance, the largest global cryptocurrency exchange by volume, launched BNB to offer incentives such as trading fee discounts on its ecosystem. The token has grown into a major asset in decentralized applications and finance, as well as a utility token for Binance’s broader suite of products.
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.
A live market from day one@asx_capital is opening trading on Friday, July 17, for what the project describes as a genuinely market-driven tokenized property. Holders will receive tokens airdropped at a 10:1 ratio, tied to a fully occupied 80,913 square foot industrial property in Wisconsin. Unlike the vast majority of tokenized real estate launches, the asset comes with a live order book from hour one: real bids, real asks, and partial fills supported through peer-to-peer trading rather than an automated market maker pool.
The distinction matters. One concern frequently raised in the tokenized real estate sector is the lack of interoperable secondary market platforms. As of 2025, tokens are still mainly traded within the platform of issuance, which limits investor reach and inhibits liquidity benefits. ASX Capital is attempting to address that gap directly by launching a functioning market on the same day tokens are distributed.
Why a live order book changes the picture The $ASX token is currently deployed on BNB Chain , and ASX Capital has worked extensively over two years with Prism Real Estate and legal advisors to create a secure and compliant legal framework for bringing US real estate opportunities to a global audience. Its real-world asset payments involve monthly buybacks of $ASX tokens from the market, which are then distributed to NFT holders via airdrops.
The peer-to-peer order book model is a meaningful structural choice. As of 2025, tokens are still mainly traded within the platform of issuance, which limits investor reach and inhibits liquidity benefits. Deloitte mentions scarce secondary markets for tokens among the primary barriers to the mainstream use of tokenization. This is the central tension in real estate tokenization: the asset is ideal for tokenization in theory, but the secondary market infrastructure does not yet exist at scale to deliver on the promise of liquidity. A functioning order book with live price discovery, rather than a passive AMM, is one way to address that tension from the outset.
The broader market context gives the launch added relevance. According to Deloitte, tokenized real estate is expected to grow from less than $0.3 trillion in 2024 to over $4 trillion by 2035, a compound annual growth rate of 27%. Yet most tokenized properties to date have launched without any secondary market mechanism. ASX Capital's approach, bringing a specific, income-producing US industrial asset to BNB Chain with a peer-to-peer market active from day one, represents a concrete step toward closing that gap.
More information is available at the project's official page linked in the announcement.
Sources:
ASX Capital official website
Deloitte: How tokenized real estate could revolutionize asset management
ScienceSoft: Real Estate Tokenization Facts and Trends 2026
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tradable, the ParaFi-backed private credit tokenization platform, has begun migrating $1 billion in institutional-grade private credit assets to the @StellarOrg blockchain, shifting its portfolio away from ZKsync. The firm is deploying $XLM to handle the full deal lifecycle, including compliance controls and investor onboarding, for alternative assets that were previously held in opaque, siloed legacy systems.
From ZKsync to StellarTradable has been building its private credit infrastructure on ZKsync, where its on-chain technology allowed institutional asset managers to migrate investment strategies on-chain and access a broader investor base. The pivot to Stellar signals a strategic shift toward a network with deeper institutional roots and a more established compliance architecture. Tradable operates as a private credit tokenization and liquidity platform, providing deal ownership management and access to institutional-grade private credit deals.
The move also reflects Stellar's growing pull in the real-world asset space. In the first half of 2026, Stellar crossed $3 billion in tokenized real-world assets, hitting the $1 billion, $2 billion, and $3 billion marks all within six months. That momentum has attracted a roster of well-known institutional names. A growing number of regulated financial institutions, including Franklin Templeton, PayPal, WisdomTree, and MoneyGram, have chosen the Stellar network for settlement, tokenized assets, and global payments.
Why Stellar for Institutional Private CreditTradable's choice of Stellar is consistent with the network's positioning as a compliance-first blockchain for regulated asset issuance. Franklin Templeton pioneered tokenized treasuries on Stellar, enabling 24/7 trading of U.S. government securities with under 6-second settlements and near-zero transaction costs. WisdomTree, with over $100 billion in AUM, offers 13 digital funds on Stellar through WisdomTree Prime, seamlessly integrating fiat, digital assets, and tokenized investments.
The compliance infrastructure underpinning these deployments is built directly into the protocol. Nearly a decade of work with Securrency, now DTCC Digital Assets, helped embed compliance tools such as clawbacks, transfer restrictions, and identity controls directly into the Stellar network. That foundation has made Stellar the preferred venue for institutions that need more than speed. For regulated firms, moving assets on-chain requires compliance with securities laws, sanctions requirements, and investor protections, creating demand for blockchain infrastructure that can support identity checks, transfer restrictions, and other compliance controls.
Tradable's migration adds further institutional weight to a network that is increasingly becoming the default rail for tokenized private markets. With $1 billion in private credit moving from ZKsync to Stellar, the deployment is one of the larger chain migrations in the private credit tokenization space to date.
Sources
Markets Media: Tradable Tokenizes $1.7bn of Institutional-Grade Private Credit Positions
CoinDesk: How Stellar Became Part of DTCC's Tokenization Push for Wall Street Securities Onchain
Messari: State of Stellar Q1 2026
Key HighlightsStellar emerges as preferred blockchain for institutional asset tokenizationInfrastructure development accelerates for blockchain-enabled private credit Real-world asset platform Tradable commits to tokenizing $1 billion in private credit on Stellar Strategic expansion diversifies Tradable’s blockchain presence beyond existing ZKsync operations Stellar strengthens position in institutional RWA tokenization market Move represents significant growth for blockchain-based private credit infrastructure Partnership adds institutional credibility to Stellar’s financial services ecosystem Real-world asset tokenization platform Tradable has revealed plans to tokenize as much as $1 billion worth of private credit assets on the Stellar blockchain. This strategic expansion represents a significant diversification of the company’s blockchain infrastructure as it bridges institutional credit markets with distributed ledger technology. The initiative leverages Stellar’s capabilities to enhance market access, accelerate settlement times, and streamline asset administration workflows.
As a specialized platform for tokenizing alternative investment vehicles, Tradable brings comprehensive blockchain-based infrastructure and regulatory compliance mechanisms to traditional finance. The company has already successfully tokenized approximately $1.7 billion in institutional private credit assets on the ZKsync platform. This latest announcement signals Tradable’s intention to migrate additional financial instruments to Stellar’s network, furthering the broader adoption of digitized financial markets.
The platform delivers end-to-end solutions encompassing transaction structuring, compliance oversight, investor verification, and continuous asset lifecycle management. Through programmable smart contracts, Tradable automates private credit operations across blockchain ecosystems. This infrastructure development underscores the company’s commitment to establishing robust frameworks for institutional participation in real-world asset tokenization.
Stellar emerges as preferred blockchain for institutional asset tokenization The Stellar network has experienced growing adoption among traditional financial institutions exploring blockchain-enabled solutions for asset digitization. Known for rapid transaction finality and seamless cross-border payment capabilities, Stellar delivers technical specifications aligned with institutional demands for enterprise-grade digital asset platforms.
Tradable’s decision to deploy on Stellar marks a strategic pivot as the platform expands its private credit tokenization capabilities beyond Ethereum Virtual Machine-compatible chains. This partnership bolsters Stellar’s competitive standing in the rapidly expanding real-world asset tokenization sector. The collaboration facilitates the convergence of conventional financial instruments with blockchain-native ownership structures.
Stellar’s blockchain infrastructure has powered numerous high-profile tokenization deployments from established financial services firms. Franklin Templeton pioneered its BENJI tokenized money market fund on Stellar back in 2021. Additionally, prominent financial technology companies such as WisdomTree, Ondo Finance, and Figure have integrated Stellar into their digital asset product offerings.
Infrastructure development accelerates for blockchain-enabled private credit The private credit market encompasses trillions of dollars in assets yet faces persistent challenges related to illiquidity and opacity. Tradable addresses these structural inefficiencies through distributed ledger technology and systematized digital asset frameworks. The platform equips institutional investors with comprehensive toolsets for accessing and managing tokenized credit investment opportunities.
Tradable’s strategic deployment on Stellar reflects mounting institutional appetite for blockchain-powered financial infrastructure. The platform enables asset management firms to explore innovative methodologies for originating and administering private credit investment vehicles. Development efforts continue focusing on scalable solutions tailored for institutional digital finance requirements.
Stellar maintains momentum in attracting both stablecoin initiatives and real-world asset tokenization projects through its purpose-built financial network architecture. Tradable’s projected $1 billion asset migration represents another milestone achievement for the blockchain protocol. This collaboration reinforces the deepening integration between legacy financial systems and decentralized technological infrastructure.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Tradable, a platform specializing in real-world asset tokenization, has announced plans to tokenize up to $1 billion in private credit assets on the Stellar blockchain. The move marks a significant expansion for Tradable, which aims to bridge institutional credit markets with distributed ledger technology.
Tradable expands presence beyond ZKsyncTradable has built its reputation by providing blockchain-based infrastructure that supports the tokenization of alternative investment vehicles, particularly for institutional investors. The company already has experience in the space, having tokenized approximately $1.7 billion in private credit assets on ZKsync, a layer-2 scaling solution for Ethereum that supports high-throughput and low-cost transactions.
Mini dictionary: ZKsync, an Ethereum layer-2 protocol, uses zero-knowledge rollups to boost transaction speed and lower costs while maintaining security from Ethereum’s mainnet.
The upcoming initiative involves migrating a substantial portion of Tradable’s private credit assets onto the Stellar network. The company plans to leverage Stellar’s architecture to enhance asset administration, accelerate settlement processes, and widen access for institutions seeking alternative credit opportunities.
Stellar strengthens position in real-world asset tokenizationStellar has garnered interest from financial institutions pursuing blockchain solutions for asset digitization. The network is distinguished by its rapid transaction finality and robust cross-border payment capabilities, meeting key institutional requirements for enterprise-grade digital asset management.
Tradable’s transition to Stellar marks a strategic shift as the platform moves beyond Ethereum-compatible blockchains. This collaboration is expected to reinforce Stellar’s growing influence within the real-world asset tokenization sector and facilitate the convergence of traditional financial instruments with blockchain-based ownership models.
Stellar’s infrastructure has already supported notable tokenization efforts from major finance industry players. Franklin Templeton, for example, launched its tokenized BENJI money market fund on Stellar in 2021, while other financial technology firms like WisdomTree, Ondo Finance, and Figure have also integrated Stellar into their offerings.
PlatformTotal Tokenized CreditMain AdvantageZKsync$1.7 billionHigh throughput, low cost (layer-2 Ethereum)Stellar$1 billion (targeted)Fast settlements, cross-border paymentsGrowth for blockchain-based private credit infrastructureThe global private credit market, estimated in the trillions, is often criticized for its limited liquidity and lack of transparency. Tradable aims to address these persistent challenges using distributed ledger technology to offer standardized, compliant frameworks for digital asset management. Its platform delivers a suite of tools for transaction structuring, compliance checks, investor verification, and ongoing asset management.
Tradable automates private credit processes through programmable smart contracts, aiming to reduce operational friction and enable more efficient investment flows between institutional participants.
By expanding onto Stellar, Tradable is opening the door for asset managers to explore innovative strategies for creating and handling private credit investments. This aligns with a broader industry trend where financial services firms are increasingly seeking scalable and secure digital finance infrastructure built on blockchain networks.
Stellar continues to attract stablecoin projects and real-world asset tokenization initiatives through its finance-oriented network architecture. Tradable’s projected $1 billion migration stands as a milestone for Stellar’s protocol and represents further integration of conventional finance with decentralized systems.
This partnership adds to Stellar’s institutional credibility as the network evolves into a cornerstone for tokenized financial instruments and services.
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.
Chainlink Integrates U.S. Department of Commerce Data For Macro Oracle Feeds is the kind of story that can look simple at first glance, but it carries more weight once you place it inside the week’s broader crypto backdrop. The point is not to dress the headline up into something bigger than it is. The point is to understand why it is being watched now.
For more details, visit the official Chainlink platform.
TL;DR Chainlink Integrates U.S. Department of Commerce Data For Macro Oracle Feeds is the main story for Chainlink today.Chainlink feeding verified U.S. macroeconomic data on-chain assists structured financial contract settlement.The cleaner read is to focus on what Chainlink actually shows, not to overstate what the update proves. What Changed This Week Oracle and interoperability integrations matter because they are the connective tissue behind tokenized assets, cross-chain applications, and institutional settlement. That is the lens I would use here. The update is not valuable because it gives traders a magic answer. It is valuable because it adds another reliable data point to a market that has been moving quickly and, at times, messily.
Explain that this feed supports inflation-linked bonds validation on Arbitrum and Polygon. That detail is important because it gives the story a specific centre of gravity. Without that, it would be too easy to turn this into a generic market move or a recycled headline.
For readers, the useful question is not simply whether Chainlink is getting attention. It is whether the underlying development changes access, liquidity, regulatory clarity, infrastructure reliability, or trader positioning. In this case, the answer is that it does give the market something concrete to evaluate.
The source trail matters here. The article is based on Chainlink, which is a cleaner starting point than relying on second-hand summaries or social chatter.
Where The Story Goes Next The immediate read is also different depending on who is watching. Traders may focus on price and liquidity, while builders or compliance teams may care more about the rule, integration, product, or infrastructure detail. That split is exactly why the story is worth handling as a standalone article rather than burying it in a broader recap.
There is also a timing element. The July 15 update arrives after several sessions where crypto markets have been sensitive to macro headlines, ETF flows, regulatory signals, and exchange-level product changes. Any credible update that touches one of those channels is going to attract attention.
What should be avoided is the temptation to turn one development into a sweeping conclusion. A listing is not the same thing as adoption. A price rebound is not the same thing as a confirmed trend reversal. A new rulemaking step is not the same thing as final legal certainty. The value is in the narrower, more accurate read.
Chainlink-related integrations often matter because they sit beneath the user-facing product. Traders may focus on LINK, but builders care about secure messaging, data feeds, and whether institutions trust the infrastructure enough to use it.
The Bottom Line For now, the story gives the market one more piece of evidence about where Chainlink sits in the current cycle. It may be about regulatory clarity, a product rollout, a price level, or a piece of infrastructure, but the same rule applies: the strongest conclusion is the one that stays closest to the source.
If follow-up data confirms the direction of travel, this could become part of a larger narrative. If not, it still gives readers a useful snapshot of how quickly crypto’s active themes are rotating across policy, infrastructure, payments, exchanges, and market structure.
That is why this deserves coverage now. It is not about forcing a dramatic market call. It is about giving readers a clear, grounded explanation of what happened, why it matters, and what still needs to be watched.
This report is based on information from Chainlink.
This article was written by the News Desk and edited by Samuel Rae.
Open USD poses biggest threat yet to Circle's USDC, CoinShares says. (Circle)Summary
CoinShares said Open USD directly challenges Circle by giving partners income generated by reserves backing the stablecoin, undermining USDC's distribution economics.Open USD comprises more than 140 companies, including BlackRock, Coinbase, Mastercard, Stripe and Visa. The stablecoin is expected to debut in the second half of 2026.Despite the threat, CoinShares said USDC’s established liquidity and integrations could prove difficult for any newcomer to replicate.Open USD, a bank-backed group developing a dollar-pegged stablecoin, is the most credible threat yet to Circle Internet's (CRCL) USDC because it targets the economics at the heart of the company’s business, crypto asset manager CoinShares said in a Monday report.
Unlike traditional stablecoin issuers, who keep the income generated by their reserves, Open USD plans to distribute the yield to participating businesses, retaining only a management fee. CoinShares said the model could squeeze Circle's margins while raising the cost of maintaining USDC distribution.
“If successful, Open USD could push stablecoins further into mainstream payments by making the economics and governance more attractive for the businesses actually using them,” wrote analyst Luke Nolan.
Developed by Open Standard, the institutional-focused stablecoin is backed by a consortium of more than 140 companies, including BlackRock (BLK), Coinbase (COIN), Mastercard (MA), Stripe and Visa (V), and is targeting a second-half 2026 launch. Key details, including its reserve structure and fee model, remain undisclosed.
The model also strengthens Coinbase's hand ahead of the Aug. 18 renewal of its revenue-sharing agreement with Circle, under which the exchange receives roughly half of USDC's reserve income, the report said.
USDC's circulating supply has fallen to about $73 billion from nearly $80 billion in March, trimming its share of the roughly $312 billion stablecoin market as competition from newly regulated issuers intensifies.
Circle shares fell more than 17% on the day Open USD was announced, though CoinShares said the decline was likely amplified by technical selling linked to the Russell index reconstitution.
Still, the report argued the market may be overreacting. Open USD has yet to launch, important details remain unresolved and Circle retains a significant advantage through USDC's deep liquidity and years of integrations across exchanges, DeFi and payments.
Open USD is unlikely to pose a major threat to Tether, whose dominance in emerging markets and offshore dollar liquidity gives USDT, the largest stablecoin by far, a different competitive moat, the report added.
For now, investors should watch whether Circle changes its distribution strategy and whether Open USD can convert its high-profile backing into adoption, CoinShares said. Until then, the project remains a credible, but unproven, challenge to USDC.
CoinShares is not alone in noting the challenge posed by Open USD. Japanese investment bank Mizuho downgraded Circle to underperform from neutral and slashed its price target to $50 from $85 in a note to clients on Tuesday, arguing that the new rival’s business model threatens the stablecoin issuer's long-term economics.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
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The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
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Circle has secured a court-backed arbitration win after records made public in a Boston federal court detailed why the stablecoin issuer suspended Heka Funds’ USDC minting and redemption services over suspected market manipulation involving Tether.
Summary
Circle has won an arbitration case after an arbitrator ruled it lawfully suspended Heka Funds’ USDC minting and redemption services. Court records said Heka did not disclose Tether’s role as the fund’s main investor and Circle reasonably suspected possible market manipulation. The ruling comes as Circle continues expanding its institutional business with new banking initiatives and partnerships in the United States and South Korea. Court filings submitted by Circle on Tuesday as part of its petition to confirm a February arbitration award said the company concluded the Malta-based arbitrage fund had failed to disclose Tether’s role as its principal investor and reasonably suspected trading activity that could have manipulated the USDC market.
Retired judge Robert L. Dondero, who served as arbitrator, ruled in Circle’s favor on the remaining contract claims, finding the company acted within the rights granted under its agreements with Heka.
Hidden Tether ties became central to the dispute At the center of the case was Heka Funds, managed by London-based Abraxas Capital Management, which opened a Circle account in January 2022 for its Elysium Global Arbitrage Fund.
According to the arbitration record, Heka disclosed only investor Simon Grima during onboarding, while Tether had become the fund’s dominant capital provider. Testimony from Heka founder Fabio Frontini showed Tether’s investment reached about $800 million by the time of arbitration, accounting for roughly 75% of Elysium’s assets.
Dondero concluded the omission was intentional and wrote that the missing disclosure appeared designed to avoid revealing Tether’s involvement in the fund. Circle Chief Business Officer Kash Razzaghi testified that the company would not have approved the account had it known of Tether’s role when the relationship began.
The trading dispute emerged after Silicon Valley Bank’s collapse in March 2023 temporarily pushed USDC below its dollar peg. According to the filings, Heka bought discounted USDC in secondary markets and redeemed the tokens with Circle at face value after many other arbitrage firms had stopped once the spread narrowed.
Internal Circle communications presented during arbitration showed executives disagreed over whether the trades represented legitimate arbitrage. Razzaghi described the activity as “a manufactured arb not a market-driven one,” attributing it to Tether waiving its normal fees, while Circle employee David Norton initially argued the trades appeared commercially rational.
Circle allowed Heka to redeem more than $587 million in USDC over a two-week period while testing whether the trading opportunity depended on Heka’s activity. Court records said Norton later changed his position after asking Heka to pause its trades and observing that the market spread tightened instead of widening. Coinbase also informed Circle it was uncomfortable working with Heka because of the fund’s Tether relationship and fee structure, leading the exchange to place restrictions on the account, according to the filings.
Arbitrator upholds Circle’s contractual rights Court documents showed Circle reduced Heka’s minting and redemption limits to zero in November 2023 before suspending the account on Dec. 1 under Section 9(c) of the parties’ master services agreement after Frontini threatened legal and regulatory action.
Heka’s request to redeem $100 million in February 2024 was rejected, and the master services agreement expired the following month. Testimony presented during arbitration said Tether invested another $500 million in Elysium during the same month before Heka filed its arbitration claim.
Another issue raised during the proceedings involved Frontini’s application for an account with Circle France shortly before the hearing. According to the arbitration award, he did not disclose the ongoing dispute and submitted a board resolution stating Heka maintained an active Circle relationship, later testifying he expected his U.S. application to fail.
Applying Delaware law, Dondero found Circle did not breach either agreement because the user terms allowed the company to adjust transaction limits and suspend services at its discretion. The arbitrator also ruled Circle was not required to prove market manipulation had occurred, only that it had reached a reasonable conclusion that such activity might be taking place.
Although Circle requested about $5.15 million in legal fees and costs, Dondero awarded only $166,643.25 related to expert work after finding Heka continued pursuing a $49 million lost-profits claim that had already been excluded from the case.
A Heka spokesperson told the Financial Times the fund had never engaged in market manipulation and had never been the subject of a regulatory investigation involving such conduct. The spokesperson also said Circle sought to make the arbitration record public to divert attention from its refusal to process USDC redemptions.
The disclosure comes as Circle continues expanding its institutional business globally. The company recently received final approval from the U.S. Office of the Comptroller of the Currency to establish Circle National Trust and is preparing to host its invitation-only Current Seoul event on July 23, where executives from banks, crypto exchanges, and payments companies are expected to discuss future partnerships as Circle pursues wider USDC adoption in South Korea.
Kripto para piyasasının büyümesiyle birlikte stablecoin’ler, dijital finansın en önemli yapı taşlarından biri haline geldi. Bu dönüşümün merkezinde ise dünyanın en büyük ikinci stablecoin’i olan USD Coin (USDC) ve onun arkasındaki şirket Circle yer alıyor. Haziran 2025’te New York Borsası’nda (NYSE) CRCL koduyla halka açılan Circle, artık yalnızca kripto yatırımcılarının değil, geleneksel finans dünyasının da yakından takip ettiği şirketlerden biri konumunda. Peki Circle tam olarak ne yapıyor? USDC nasıl çalışıyor? Circle nasıl gelir elde ediyor? CRCL hissesi neden bu kadar konuşuluyor? İşte Circle hakkında bilmeniz gereken tüm önemli detaylar.
Circle Internet Financial, 2013 yılında Jeremy Allaire ve Sean Neville tarafından Boston’da kurulan bir finansal teknoloji şirketidir. Şirketin temel amacı, blokzincir teknolojisini kullanarak küresel para transferlerini daha hızlı, daha güvenli ve daha düşük maliyetli hale getirmektir. Circle, geleneksel anlamda bir kripto para borsası değildir. Aynı zamanda Bitcoin veya Ethereum gibi kripto paralar üretmez. Şirketin asıl faaliyet alanı, ABD dolarına bire bir sabitlenmiş stablecoin olan USD Coin’i (USDC) ihraç etmek ve bu dijital doların altyapısını yönetmektir. Bugün Circle; ödeme sistemleri, kurumsal blokzincir çözümleri, dijital cüzdan altyapıları ve uluslararası para transferleri gibi birçok alanda faaliyet göstererek dijital finans ekosisteminin en önemli oyuncularından biri haline gelmiştir.
USDC Nedir? USD Coin (USDC), değeri her zaman 1 ABD dolarına eşit olacak şekilde tasarlanmış bir stablecoin’dir. Her dolaşımdaki 1 USDC’nin karşılığında Circle rezervlerinde 1 ABD doları veya yüksek likiditeye sahip kısa vadeli devlet tahvilleri bulunur. Bu sayede USDC, Bitcoin ve Ethereum gibi yüksek volatiliteye sahip kripto paralara kıyasla daha istikrarlı bir değer sunar. Bu yapı sayesinde kullanıcılar;
Kripto piyasasındaki sert fiyat hareketlerinden korunabilir. Uluslararası para transferlerini hızlı ve düşük maliyetle gerçekleştirebilir. Merkeziyetsiz finans (DeFi) uygulamalarında güvenli işlem yapabilir. Dijital ödemelerde dolar kullanmanın avantajlarından yararlanabilir. Kripto borsalarında güvenli bir işlem ve saklama aracı olarak USDC’yi tercih edebilir. Bugün USDC, Ethereum, Solana, Avalanche, Base, Arbitrum, Polygon ve birçok farklı blokzincir ağı üzerinde desteklenmektedir. Çok zincirli yapısı sayesinde kullanıcılar farklı ağlar arasında kolayca işlem gerçekleştirebilirken, geliştiriciler de USDC’yi ödeme sistemleri, merkeziyetsiz uygulamalar (dApp), Web3 projeleri ve kurumsal finans çözümlerine kolaylıkla entegre edebilmektedir. Bu geniş kullanım alanı, USDC’nin küresel dijital ödeme ekosisteminde en yaygın kullanılan stablecoin’lerden biri olmasını sağlamaktadır.
Circle Nasıl Çalışıyor? Circle’ın çalışma modeli, her dolaşımdaki USDC’nin gerçek rezervlerle desteklenmesi prensibine dayanır. Kurumsal bir müşteri veya yetkili kullanıcı Circle üzerinden ABD doları yatırdığında, aynı değerde USDC üretilerek kullanıcının hesabına aktarılır. Kullanıcı USDC’lerini yeniden ABD dolarına çevirmek istediğinde ise ilgili tokenlar dolaşımdan çıkarılır (yakılır) ve karşılığındaki dolar rezervlerden ödenir. Bu mekanizma sayesinde dolaşımdaki USDC miktarı ile rezervlerde tutulan varlıklar her zaman dengede kalır.
Circle’ın çalışma sistemi şu şekilde işler:
Kullanıcı Circle’a ABD doları yatırır. Yatırılan tutar kadar yeni USDC oluşturulur. Oluşturulan USDC kullanıcıya gönderilir. USDC dolara çevrilmek istendiğinde tokenlar yakılır. Karşılığındaki ABD doları rezervlerden kullanıcıya ödenir. Circle, rezervlerini bağımsız denetim kuruluşları tarafından hazırlanan aylık raporlarla doğrulayarak şeffaflığı korur.
Circle Nasıl Para Kazanıyor? Birçok yatırımcı Circle’ın USDC basarak gelir elde ettiğini düşünse de şirketin gelir modeli oldukça farklıdır. Circle’ın gelirlerinin yaklaşık yüzde 98’i rezerv gelirlerinden oluşmaktadır.
USDC karşılığında kasasında tuttuğu milyarlarca dolarlık rezerv;
ABD Hazine tahvilleri Para piyasası fonları Ters repo anlaşmaları Nakit varlıklar gibi düşük riskli yatırım araçlarında değerlendirilmektedir.
ABD faizlerinin yüksek olduğu dönemlerde Circle’ın elde ettiği faiz gelirleri de önemli ölçüde artmaktadır.
Şirket ayrıca;
Kurumsal ödeme çözümleri API hizmetleri Stablecoin altyapıları Dijital ödeme sistemleri gibi ürünlerden de ek gelir sağlamaktadır.
Circle’ın En Büyük Gücü Güven ve Şeffaflık Kripto para sektöründe güven ve şeffaflık, kullanıcıların en fazla önem verdiği konular arasında yer alıyor. Özellikle 2022 yılında Terra Luna ekosisteminin çökmesi ve algoritmik stablecoin’lerin yaşadığı kriz, rezerv destekli stablecoin’lere olan ilgiyi artırdı. Circle ise tam rezerv modeli ve düzenleyici uyumluluğa verdiği önem sayesinde sektörde güvenilirliğini koruyan şirketlerden biri olarak öne çıkıyor.
Circle’ın güven odaklı yaklaşımı şu temel unsurlara dayanıyor:
Her USDC’nin bire bir rezervle desteklendiğini taahhüt ediyor. Rezervlerini bağımsız denetim kuruluşlarının hazırladığı aylık raporlarla doğruluyor. Faaliyet gösterdiği ülkelerde düzenleyici kurumlarla uyum içinde çalışıyor. Rezerv varlıklarını dünyanın önde gelen finans kuruluşlarında muhafaza ediyor. Bu şeffaflık politikası sayesinde USDC, hem bireysel hem de kurumsal yatırımcılar tarafından kripto para piyasasının en güvenilir stablecoin’lerinden biri olarak kabul ediliyor.
Circle’ın Düzenleyici Avantajı Circle’ın en dikkat çeken özelliklerinden biri regülasyonlara verdiği önemdir. Şirket faaliyet gösterdiği birçok bölgede resmi lisanslara sahiptir.
Bunlar arasında;
ABD Avrupa Birliği Birleşik Krallık Singapur Kanada Japonya Birleşik Arap Emirlikleri Bermuda yer almaktadır. Özellikle Dubai Finansal Hizmetler Otoritesi (DFSA) ve Abu Dhabi Global Market (ADGM) tarafından alınan lisanslar Circle’ın küresel büyüme stratejisini destekleyen önemli gelişmeler arasında gösteriliyor.
Circle 2025’te Halka Açıldı Circle için en önemli dönüm noktalarından biri Haziran 2025’te gerçekleşen halka arz oldu. Şirket, New York Borsası’nda (NYSE) CRCL koduyla işlem görmeye başladı. Bu gelişmeyle birlikte yatırımcılar, ilk kez doğrudan stablecoin altyapısına odaklanan halka açık bir şirkete yatırım yapma fırsatı elde etti. Ancak CRCL hissesi satın almak, doğrudan Bitcoin veya kripto para fiyatlarına yatırım yapmak anlamına gelmiyor.
CRCL hissesine yatırım yapanlar dolaylı olarak;
USDC’nin küresel ölçekte büyümesine, Stablecoin kullanımının yaygınlaşmasına, Dijital ödeme sistemlerinin gelişmesine, Blokzincir tabanlı finansal altyapının güçlenmesine, Finansal tokenizasyonun yaygınlaşmasına yatırım yapmış oluyor. Bu yönüyle Circle, kripto para fiyatlarından ziyade dijital finans altyapısının büyümesine odaklanan bir teknoloji ve finans şirketi olarak değerlendiriliyor.
Circle’ın Gelecek Vizyonu Circle yalnızca USDC ihraç eden bir şirket olmanın ötesine geçmeyi hedefliyor.
Şirket;
Circle Payments Network StableFX Arc blokzincir altyapısı Kurumsal API çözümleri Akıllı sözleşme altyapıları Zincirler arası transfer teknolojileri gibi ürünlerle küresel finans altyapısının temel oyuncularından biri olmayı amaçlıyor. CEO Jeremy Allaire, şirketin misyonunu “paranın internet üzerinde özgürce hareket edebildiği açık ve programlanabilir küresel ekonomi oluşturmak” şeklinde tanımlıyor.
Circle (CRCL), stablecoin sektörünün en önemli şirketlerinden biri olarak dijital finansın geleceğinde kritik bir rol üstleniyor. USDC’nin arkasındaki güçlü rezerv yapısı, düzenleyici uyumluluğa verdiği önem ve küresel finans kuruluşlarıyla kurduğu iş birlikleri şirketi rakiplerinden ayırıyor. Halka arz sonrası yatırımcıların ilgisini çeken Circle, stablecoin kullanımının yaygınlaşmasıyla birlikte büyüme potansiyelini korurken, faiz politikaları ve düzenleyici gelişmeler şirketin geleceğini şekillendirecek en önemli faktörler arasında yer alıyor. Dijital ödemelerin ve blokzincir tabanlı finansal hizmetlerin yaygınlaşmasıyla birlikte Circle’ın küresel finans sistemindeki etkisinin önümüzdeki yıllarda daha da artması bekleniyor.
Resmi Bağlantılar Website X (Twitter) Whitepaper Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Circle just got put on notice. CoinShares published an analysis on July 13 identifying Open USD, the new stablecoin from the Open Standard consortium, as the most credible competitive threat USDC has faced since its inception.
The warning comes less than two weeks after the OUSD announcement sent Circle’s stock into a tailspin, dropping roughly 17.5% to a four-month low near $62.63 on June 30.
The economics that spooked Wall Street Instead of the issuer pocketing the reserve yield, OUSD redirects the majority of that income to partner businesses in the consortium. The companies that distribute and integrate the stablecoin get paid for doing so, rather than watching the issuer collect all the economics.
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The Open Standard consortium includes over 140 companies, with Visa, Mastercard, and BlackRock among the headline names.
What OUSD actually looks like OUSD is scheduled to launch in the second half of 2026, with Solana as its initial blockchain. The stablecoin will offer fee-free minting and redemption at launch.
Reserve composition, custodian arrangements, and long-term fee structures haven’t been publicly disclosed yet.
CoinShares acknowledged that while the threat is real, OUSD faces an enormous lift in replicating the network effects USDC has built over nearly a decade of integrations across DeFi protocols, centralized exchanges, and payment platforms.
The Coinbase variable The revenue-sharing agreement between Coinbase and Circle is up for renewal on August 18, 2026. Coinbase has been a major distribution channel for USDC, and the economics of that arrangement have been a point of ongoing negotiation between the two companies.
What this means for investors Circle’s revenue model depends heavily on reserve interest income. If competitive pressure forces Circle to share more of that yield with distribution partners, whether through an OUSD-like model or simply through renegotiated deals like the Coinbase agreement, margins compress.
CoinShares suggests the short-term impact on USDC itself will be limited, given its deep liquidity, years of protocol integrations, and regulatory track record that a brand-new stablecoin cannot replicate on day one.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coinbase is pulling the plug on USDC deposits and withdrawals through the Noble network, giving users until August 17, 2026 to sort out their stablecoin logistics.
Noble is a dedicated appchain in the Cosmos ecosystem built specifically for moving digital assets across the broader Cosmos network. It launched native USDC issuance in partnership with Circle back in September 2023, and currently holds roughly $132 million in USDC.
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A broader cleanup, not just a one-off This isn’t an isolated move. Coinbase is also ending support for cbETH, its liquid staking token, on Arbitrum, Optimism, and Polygon on that same August 17, 2026 date.
What this means for Cosmos users Before Noble, getting USDC into Cosmos-based DeFi protocols meant going through bridging processes that added friction, cost, and risk. Noble offered a cleaner path: Circle-issued USDC that could flow natively through the Inter-Blockchain Communication protocol, connecting Cosmos chains without the usual bridge headaches.
Users who currently rely on Coinbase for Noble-based USDC transactions will need to pivot to alternative supported networks. Ethereum, Base, and Solana remain available options for USDC deposits and withdrawals.
The $132 million in USDC currently on Noble won’t vanish overnight. Circle still issues USDC natively on the chain, and other exchanges or on-ramps may continue supporting it.
For investors holding USDC on Noble through Coinbase, the action item is straightforward: migrate before August 2026. That could mean withdrawing to a supported network like Ethereum or Base, or finding an alternative exchange that maintains Noble support.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
JPMorgan believes the new Hyperliquid partnership will weigh on earnings for both firms, yet says pro-crypto legislation backed by President Donald Trump‘s administration could ultimately prove to be the more important story for investors.
Hyperliquid Changes The EconomicsCoinbase and Circle announced in May that Hyperliquid would adopt USDC as its preferred stablecoin, a move designed to deepen the token’s presence across one of crypto’s fastest-growing decentralized exchanges.
The catch? JPMorgan says the revised arrangement significantly changes how the two companies split the economics.
Coinbase will now classify USDC held on Hyperliquid as “on-platform,” allowing it to earn reserve income before paying 90% of that revenue back to Hyperliquid. The firm estimates roughly $6 billion of USDC, or about 8% of the circulating supply, now sits on the platform.
The result is a near-term revenue headwind for both companies, prompting JPMorgan to lower earnings estimates. The brokerage now expects the full impact of the revised economics to become more visible during the second half of 2026, alongside a softer crypto trading environment marked by lower volumes, weaker digital asset prices and declining DeFi activity.
The Prisoner’s DilemmaJPMorgan argues the Hyperliquid deal highlights a broader challenge for the Coinbase-Circle partnership.
Rather than simply sharing the benefits of USDC adoption, both companies are incentivized to compete for distribution partners. Winning those relationships could increasingly require giving away a larger share of the economics, creating what the analysts describe as a classic “prisoner’s dilemma.”
In other words, USDC adoption may continue to grow while the value each company captures from that growth gradually shrinks.
Washington May Be The Bigger CatalystThat’s why JPMorgan believes investors shouldn’t lose sight of the bigger picture.
The firm continues to view U.S. digital asset market structure legislation as a potential turning point for the industry, even as the path to passage becomes more uncertain with the Senate’s legislative calendar narrowing ahead of its August recess.
Clearer crypto rules could encourage greater institutional participation, improve market confidence and accelerate development across the digital asset ecosystem—all of which could expand demand for USDC.
JPMorgan also expects higher interest rates to support reserve income through 2027, particularly for Coinbase, even after trimming its forecasts for USDC balances.
For investors, Hyperliquid may explain the next few quarters. But if Trump’s crypto agenda succeeds in creating a clearer regulatory framework, the long-term winner may not be the company that negotiated the better deal—it could be the one serving a much larger stablecoin market.
Photo: Skorzewiak on Shutterstock.com
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A hacker exploited Ostium, a decentralized perpetuals exchange on Arbitrum, in a sophisticated oracle manipulation scheme that resulted in the loss of $18 million in USDC from the protocol’s liquidity vault.
Attacker exploited automated price-feed systemBlockchain security firm Blockaid first detected the exploit, which targeted a key component of Ostium’s price automation setup known as the PriceUpKeep forwarder. The attacker submitted falsified oracle reports featuring future-dated timestamps, effectively making losing trades appear as if they were profitable.
This manipulation enabled the attacker to trigger an $18 million payout from Ostium’s vault. Blockaid’s analysis shows that the exploit succeeded by leveraging the privileged role of automation components responsible for reporting on real-world asset prices.
The attacker used a registered PriceUpKeep forwarder to push manipulated price data with future timestamps, forcing the protocol to recognize fabricated profits and enabling an $18 million USDC withdrawal from the liquidity vault.
The exploit underscores persistent vulnerabilities across decentralized finance, particularly in the systems that automate and verify price reporting from real-world sources onto blockchains.
Mini dictionary: Ostium is a decentralized trading protocol on Arbitrum that enables users to trade perpetual contracts of real-world assets such as gold, foreign currencies, and equity indices, typically with high leverage and onchain settlement in stablecoins.
Pattern of DeFi oracle system vulnerabilitiesIncidents similar to the Ostium attack have plagued other decentralized protocols, with DeFi platforms frequently targeted through exploits involving oracle or keeper infrastructure. Just last week, $6 million was drained from Summer.fi in a comparable attack where privileged components manipulated the timing or content of price data.
Ostium’s system relies on a third-party network called Gelato to automate the delivery of real-world price data to its onchain contracts. The central PriceUpKeep contract writes the latest asset prices to Arbitrum whenever a user executes a trade. Attackers have increasingly targeted these automated update mechanisms, seeking out weaknesses in how and when price data is written to the blockchain.
By controlling or spoofing trusted automation components, bad actors can fabricate trading outcomes on paper and extract protocol funds by triggering illegitimate settlements.
PlatformDate of ExploitLoss AmountAttack VectorOstiumJune 2026$18 millionOracle manipulation via PriceUpKeepSummer.fiJune 2026$6 millionKeeper/oracle system breachOstium’s growth and funding backgroundBefore the exploit, Ostium had raised a total of $27.8 million, including a $24 million Series A co-led by venture investors General Catalyst and Jump Crypto in late 2025. The protocol had also reported over $50 billion in cumulative trading volume, reflecting strong user interest in onchain derivatives tied to real-world markets.
At the time of the incident, Ostium allowed traders to access commodities, forex pairs, and equity indices, offering up to 200x leverage and USDC-settled contracts.
Ongoing investigations are underway after security alerts surfaced, with the extent of the attacker’s identity and the possibility of recovering the drained funds currently unknown.
Incidents like Ostium’s highlight the risks associated with DeFi protocols’ increasing reliance on complex automation and oracle infrastructure, especially when these systems are entrusted with large amounts of investor capital.
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.
Ostium, an Arbitrum-based perpetual trading protocol built around real-world assets, halted all trading on July 15, 2026 after confirming a serious anomaly in its Ostium Liquidity Provider vault. The protocol did not mince words: something had gone badly wrong with the OLP vault, and trading would stay paused until the team figured out what.
Security firm Blockaid identified the root cause as an oracle exploit tied to a compromised signer key. The attacker got hold of a cryptographic key that the protocol uses to validate external price data, then used it to feed the system a fabricated price report that looked completely legitimate. Because the price feed appeared valid, the protocol had no reason to reject the trades built on top of it. The attacker effectively engineered synthetic profits out of thin air, and those profits came directly out of the OLP vault.
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Estimates put the total drainage between $18M and $23.7M in USDC. The vault held roughly $32.7M before the attack. After it, approximately $9M remained, a decline of around 72% in TVL. The stolen funds were subsequently converted to ETH and dispersed across multiple wallets. Ostium confirmed that trader funds and open positions are preserved in a frozen state.
Ostium’s OLP vault works by letting liquidity providers deposit USDC in exchange for OLP tokens, earning fees generated by trading activity. That structure makes the vault the natural counterparty to every trade on the platform. When trades generate synthetic profits via a rigged price feed, those profits flow out of the very pool that LPs funded.
Ostium had built genuine momentum before this happened. The protocol launched its mainnet vault in 2024 and had accumulated over $33B in cumulative trading volume by the time of the exploit. The protocol’s focus on real-world assets, including commodities and forex, gave it a niche that differentiated it from crypto-native perpetuals platforms. Audited smart contracts and liquidity incentive campaigns were part of the pitch to users and LPs considering whether to park capital there.
For anyone with exposure to Ostium, whether as a liquidity provider holding OLP tokens or a trader with open positions, the key variables are: whether the attacker can be identified and funds recovered, how Ostium structures any reimbursement for affected LPs, and whether the protocol can credibly harden its oracle infrastructure before reopening. Ostium has committed to transparency and is working with security experts.
For investors evaluating liquidity provision in DeFi protocols broadly, this incident is a useful reminder that smart contract audits do not cover every attack surface. Key management, signer infrastructure, and oracle trust assumptions sit outside the audit scope and represent real, exploitable risk.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ostium, a decentralized perpetuals exchange operating on the Arbitrum network, experienced a significant security breach on Wednesday that resulted in a loss of approximately $18 million in USDC. Attackers gained access to a critical oracle signer key and manipulated the platform’s price feed, leading to artificial trading profits and a major drain on assets.
Attack exploited price oracle via compromised keyBlockchain security firm Blockaid reported that the exploit was executed using a registered PriceUpKeep forwarder and future-dated oracle price reports. By submitting these manipulated inputs, the attackers were able to generate large, fake profits from trading activities. The resulting payouts were issued from Ostium’s liquidity vault directly in USDC, a widely used stablecoin issued by Circle.
Blockaid stated that nearly one-third of Ostium’s total liquidity, which amounted to about $63 million at the time of the breach, was drained in the attack. The manipulation targeted Ostium’s core mechanism for pricing assets, which relies on oracles—external data feeds that set current trading values.
Mini dictionary: Oracle signer key — A cryptographic key used by trusted entities to validate and submit price or data reports to blockchain networks. If compromised, it can enable attackers to falsify on-chain information, undermining protocol security.
Ostium posted on X, “We are aware of the issue with the OLP vault. We have paused all trading. The team is investigating.”
Vulnerability shakes decentralized finance sectorOstium functions as a decentralized exchange (DEX), enabling users to trade perpetual futures that track real-world assets such as stocks, commodities, foreign exchange markets, and indices. As a typical DEX, the platform allows users to retain custody of their funds and does not require personal identification.
This incident highlights persistent vulnerabilities in the decentralized finance (DeFi) sector. More than $840 million has already been stolen from DeFi protocols in the first five months of 2026 alone, with notable attacks on KelpDAO, which lost $292 million, and Drift Protocol, which lost $285 million. In June, hackers also stole over $25 million from Resolv Labs.
ProtocolLoss AmountDateOstium$18 millionJune 2026KelpDAO$292 millionEarly 2026Drift Protocol$285 millionEarly 2026Resolv Labs$25 millionJune 2026Rising concern over AI-driven exploitsSecurity professionals are increasingly warning that advances in artificial intelligence are making it easier to discover vulnerabilities within smart contracts and blockchain infrastructure. Danny Jenkins, CEO and co-founder of cybersecurity firm ThreatLocker, noted that modern AI systems are outperforming humans in reviewing code and identifying weaknesses.
Jenkins explained, “AI is far better at reviewing code than most people and finding potential vulnerabilities in it,” and emphasized that newer models like Mythos could make the discovery process even more effective, signaling an imminent major challenge for security teams.
He added that it is only a matter of time before malicious actors leverage state-of-the-art AI tools to exploit these vulnerabilities at scale.
Recently, security researcher Taylor Hornby used Anthropic’s Claude Opus 4.8 model to uncover a four-year-old counterfeiting bug in Zcash, demonstrating that advanced AI tools can now identify even complex and longstanding software flaws.
Mini dictionary: Zcash — A privacy-focused cryptocurrency that uses advanced cryptography to shield transaction details. Security vulnerabilities in such protocols can undermine privacy or allow unauthorized coin creation.
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.
Ostium has halted trading after an exploit tied to a compromised oracle signer key drained nearly $18 million USDC from its liquidity vault, according to blockchain security firm Blockaid.
Summary
Blockaid linked Ostium’s $18 million exploit to a compromised oracle signer key. The attacker drained up to 28% of the protocol’s $63 million liquidity vault. Ostium halted trading as investigators probe the oracle-based attack. Blockaid reported that the attacker gained control of an oracle signer private key, allowing them to bypass the protocol’s verification process and submit future-dated price reports that favored their trades. Using a registered PriceUpKeep forwarder, the attacker repeatedly opened and closed positions through delegated actions, extracting profits without taking genuine market risk.
🚨 Blockaid detected an @Ostium Vault exploit on Arbitrum.
An attacker used a registered PriceUpKeep forwarder and future-dated authorized oracle reports to create artificial trade profit, triggering a ~$18M USDC payout from the vault.
More details in 🧵
— Blockaid (@blockaid_) July 15, 2026 The security firm said the exploit triggered around 20 trading loops that steadily drained funds from Ostium’s main vault. On-chain records show the attacker withdrew between $11.86 million and $18 million USDC, equal to roughly 28% of the protocol’s $63 million total value locked at the time of the incident. The primary exploit transaction can be verified on Arbiscan.
Ostium, which operates on Arbitrum, offers decentralized perpetual trading for tokenized real-world assets, including equities, commodities, foreign exchange markets and stock indices.
Oracle key compromise enabled repeated profit extraction Instead of exploiting a flaw in smart contract code, the attacker abused trusted oracle infrastructure after obtaining a valid signer key. According to Blockaid, the manipulated oracle reports allowed favorable prices to pass protocol checks, making each trade appear legitimate while transferring losses to the liquidity vault.
The incident has renewed attention on oracle security as decentralized finance protocols increasingly depend on external data feeds for pricing. Blockaid attributed the exploit to compromised signing credentials rather than a pricing error or market manipulation through normal trading activity.
The protocol has since paused trading while the investigation continues. Users have been advised to follow Ostium’s official communication channels for updates on withdrawals and any further recovery measures.
Update: All trader funds and open positions are currently preserved as-is (frozen). Funds in the trading storage contract are paused. The team is actively investigating with relevant security experts. We will provide updates as they come. https://t.co/zDe8gapmS3
— Ostium (@Ostium) July 15, 2026 Institutional backing failed to prevent another security setback Before the exploit, Ostium had raised about $27.8 million from investors including General Catalyst, Jump Crypto, Coinbase Ventures, Wintermute and GSR. The incident occurred despite the project’s institutional backing and multiple security audits, highlighting that infrastructure outside audited smart contracts can still become a critical point of failure.
The attack also adds to a series of recent security incidents affecting crypto platforms. Earlier this month, crypto.news reported that Ctrl Wallet announced it would permanently shut down after a separate security exploit affecting some Cardano wallets.
The company gave users until Aug. 3 to move their crypto assets before wallet functions, including sending, receiving and swapping, are disabled, leaving only recovery phrase exports available.
Elsewhere in the Arbitrum ecosystem, Secret Network recently proposed migrating its SCRT token from Cosmos to Arbitrum, citing security concerns, weaker liquidity and aging code on its current network. The proposal includes a one-time Sept. 1 snapshot that would distribute a new ERC-20 SCRT token on Arbitrum to eligible native and staked SCRT holders.
As projects continue expanding onto Arbitrum, the Ostium exploit demonstrates that securing oracle infrastructure remains as important as auditing smart contracts. According to Blockaid’s findings, a single compromised signer key was enough to bypass trusted price verification and inflict multimillion-dollar losses within hours.
Zcash is currently hovering at $570, with a 12% jump. ZEC’s long-term macro trend is controlled by the bulls. Zcash (ZEC) has put up a 12.24% rise in value and is currently trading within the $570 mark. It has been riding a clean ascending channel, respecting every higher low along the way. Notably, it’s a sign that buyers are consistently stepping in at higher prices, which is what a healthy uptrend is primed for.
On top of that, Zcash is printing a cup-and-handle breakout, one of the more reliable bullish continuation patterns in technical analysis. Moreover, the bulls are eyeing the upper channel boundary near $580 as the immediate target.
Beyond that, the setup points to the $700 range if the momentum holds. But the $540 level would be a key support that needs to hold for this bullish structure to stay. A breakdown below this zone risks completely erasing recent gains and sending the ZEC price back to retest previous lows.
The short-term price outlook of the ZEC/USDT trading pair reports a bullish presence. It may test the crucial resistance at around $573.64. With an extended upside pressure, the golden cross could take place, and the bulls would likely drive the price above $577.
On the flip side, upon a bearish reversal in the Zcash market, the price could instantly fall to the support range at $567.11. Further correction on the downside might initiate the formation of the death cross, and the asset’s price would plunge below $563.
Zcash Flashes Bullish Signals: Will the Recovery Clear Key Resistance? Zooming in on the technical chart, the MACD line has crossed and held above the signal line, indicating that short-term buying is aggressively accelerating. As both lines are above the zero line, the long-term macro trend is firmly controlled by the bulls.
This is a strong buy-and-hold or momentum-continuation signal. It shows that ZEC’s upward trend has strong underlying strength. Also, it may make a sudden reversal highly unlikely in the immediate term.
Furthermore, the daily RSI reading of Zcash staying at 71.40 confirms that it has entered the overbought zone. The buying force has pushed the price up too fast, moving it above the standard 70-ceiling.
The momentum is stretched thin, with the probability of a period of consolidation is high as the early buyers begin to take profits. Therefore, entering new buy positions at this level is high-risk.
Crypto Market Highlights
Solana (SOL) Flashes Its First SuperTrend Buy Signal: Can Bulls Push Higher?
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
In this patch of your weekly Dispatch:Altcoins round-upApple’s stock recordBitcoin’s starting recovery?Market cast
BTC: Bullish momentum buildsBitcoin's weekly chart is showing bullish momentum developing. Price has moved back above the 200-period SMA, a key long-term trend indicator. The RSI, a momentum oscillator, sits in neutral territory, while the Stochastic, another momentum oscillator, has crossed above the 20-level threshold – a move that could signal a trend reversal. The MACD, a trend and momentum indicator, has its signal lines edging close to a bullish crossover, adding to the constructive tone.
The daily chart tells a similarly bullish story. Price has crossed above the 50-period SMA and is now heading toward the upper Bollinger Band – a volatility indicator. RSI remains neutral, and while the Stochastic lines sit in overbought territory, they show no signs of fading momentum. The MACD histogram, meanwhile, sits comfortably in positive territory – all pointing to bullish momentum across both timeframes.
Key levels to watch: On the downside, immediate support sits around $62,000, with the next significant zone near $58,000–$59,000; the daily middle Bollinger Band could also serve as dynamic support. To the upside, the first resistance comes in around $65,000, followed by $67,000.
The big idea
Bitcoin's CPI moment: Macro comes back into focusTime and again this year, Bitcoin has gone looking for a catalyst, only to run headlong into geopolitics instead. Every attempt at a clean, rates-driven story got knocked off course by fresh friction out of the Middle East. Tuesday’s US CPI report gave Bitcoin a real one — and a friendly one at that.
June's headline inflation cooled sharply to 3.5% annually, well below the 3.8% consensus and down from 4.2% in May, with prices actually falling 0.4% on the month — the largest one-month drop since April 2020, and well past the mild 0.1% decline economists had expected. Core CPI told the same story: flat month-over-month against expectations for a rise, pulling the annual core rate down to 2.6% from 2.9% — a much bigger step toward the Fed's target than anyone had priced in.
That's not the "calm, in-line" outcome the market had been bracing for — it's a genuine downside surprise, and Bitcoin treated it as one. BTC quickly reacted by reaching toward $64,000 right after the release, climbing roughly 1% from around $62,800.
The bigger story is what it did to rate expectations. Markets are now pricing an 83% chance the Fed holds rates steady at the July 28–29 meeting, versus just 17% odds of a hike — a sharp reversal from the mood following Governor Waller's hawkish comments last week, when a hike looked like a live possibility. With a rate hike now largely off the table, one of the biggest overhangs on Bitcoin this year has meaningfully eased.
There's backup from other corners of the analyst community too. Standard Chartered reiterated its $100,000 year-end Bitcoin target this week, calling current levels near $64,000 "a screaming buy." Bitwise strikes a similar note, arguing the industry is twice the size it was at the last cycle's bottom despite bear-market prices, and flagging July's historically strong seasonality — Bitcoin has averaged a 10.7% gain in the month — as another reason for optimism. CryptoQuant adds to that seasonality case: in past bear-market years like 2018 and 2022, Bitcoin rallied roughly 17-20% in July alone, with the firm noting early signs that demand is already re-igniting off the recent lows. The on-chain picture backs up that optimism as Nexo analyst Dessislava Ianeva notes that spot selling pressure has faded. More on that in this week’s data story below.
If the last two issues were about regulatory clarity, this week looks like it's shaping up to be about macroeconomic clarity instead. Tuesday’s numbers make that label easier to defend: a clean downside surprise on both headline and core inflation, paired with rate-hike odds falling to just 17%, removes a real source of uncertainty rather than simply confirming expectations. That said, new Fed Chair Kevin Warsh struck a notably hawkish tone in his first Congressional testimony the same day, insisting the Fed has "no tolerance" for persistently high inflation and pushing back on any expectation of a policy pivot. One cool print hasn't changed the Fed's messaging, even if it's changed the market's odds. It's still one data point, and Bitcoin will likely keep reacting to whatever comes out of the Gulf too — but rates just handed the market a genuinely bullish tailwind to work with.
Bottom line: June inflation came in well below expectations on every measure, and the Fed now looks unlikely to hike this month — a clear, dovish surprise that gives Bitcoin's macro-driven recovery case its best data point yet, with BTC quickly reacting toward $64,000 right after the release.
Blue chips
Ethereum outperforms as its next chapter comes into focusETH was one of the better performers recently, up over to roughly $1,770 at the start of the week, as Bitcoin held firm above $63,000. That put it ahead of most majors, and it came despite wobbly AI stocks and a stronger dollar – two things that usually drag crypto down with them. Ethereum didn't just hold up; it led the pack.
The timing is fitting. Vitalik Buterin just dropped his vision for "Lean Ethereum", a multi-year rebuild he's calling the network's third major era – right up there with the Merge. The headline: a data storage redesign that could slash fees for everyday tokens and apps by 10x or more, no rewrites required. Quantum resistance and privacy are also getting fast-tracked as core priorities, not afterthoughts. Put together, it's a good reminder that Ethereum's momentum isn't only about price – there's real groundwork being laid for the next decade.
TradFi trends
Apple reaches ATH on AI memoryWhile Bitcoin watches the Fed, Apple is riding a different macro story — and it's paying off. Shares hit an all-time high on July 13, closing at $317.31 (a $4.7 trillion market cap), as an AI-driven memory chip shortage splits the smartphone market in two.
The cause: memory chips now cost nearly triple last year's price, as hyperscalers buy up supply for AI training. That's gutted margins for budget phone makers while barely touching Apple, which locked in supply early. Global smartphone shipments fell 6.7% last quarter, but Apple's grew 15.3% — best in years, alongside Samsung as the only other top-five vendor to grow. Institutions had already positioned for it, adding roughly 1.24 billion shares ahead of the rebound. The open question: with the memory crunch expected to run into 2028, whether buyers keep absorbing Apple's rising costs — a test the July 30 earnings print should help answer.
The week's most interesting data story
Bitcoin’s clearest signs of recovery?This week's chart adds a useful data point to the macro story: the market may be working through its last bit of overhand supply. A key on-chain metric — the share of realized value coming from longer-term holders adjusting their positions, recently reached its highest level since December 2022. In practice, this reflects holders who've been through months of drawdown finally deciding to move on, a pattern that has historically shown up in the later stages of a market finding its footing rather than at the start of a fresh leg down.
That matters because this kind of activity tends to be one of the last steps in a market working through excess supply. Once that cohort finishes repositioning, there's less overhead pressure weighing on price, which can set the stage for a steadier recovery.
The numbers
The week’s most interesting numbers$200,000 — A solo miner's payout from hitting a Bitcoin block with a hobbyist-grade Bitaxe, running just ~1 terahash per second for eight hours.
$50.85 billion — Cumulative net inflows into US spot Bitcoin ETFs since launch, a milestone that's held even through a choppy July.
$10.5 billion — Bitmine Immersion's ether treasury value, now the largest corporate ether stash and second only to Strategy's bitcoin position globally.
$3 billion — Strategy's USD reserve balance after a $450 million boost last week — funded via share sales, with its 843,775 BTC treasury untouched.
Hot topic
What the community is discussingFOMO time for XRP?
There is no stopping the long-term HODLER.
The power of Bitcoin as collateral.
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
New operational data highlights the Humanitarian Payments Council's momentum ahead of its Washington, D.C. summit.
DOVER, Del., July 15, 2026 /PRNewswire/ -- The Algorand Foundation today shared new progress from its Humanitarian Payments Council, marking a shift from pilot projects to institutional-scale deployments. Convening today in Washington, D.C. to build on the foundations laid during their September meeting in Berlin, Council members are highlighting a major expansion of blockchain-backed aid delivery in high-stakes environments.
Most notably, according to UNHCR, the UN Refugee Agency, it has scaled its use of reloadable cards through HesabPay, the Algorand-powered payments platform, to support more than 625,000 refugee returnees and over 17,500 internally displaced people in Afghanistan, with more than $35 million in assistance. This operational milestone reflects the network's ability to support large-scale aid disbursement in a live deployment and provide secure, immediate financial empowerment in regions where traditional banking infrastructure is absent or limited.
"Blockchain-powered payment infrastructure that is locally connected, globally compliant, and fully traceable has the potential to strengthen trusted aid delivery. The next step is continued collaboration to expand reliable digital financial ecosystems that can help deliver humanitarian assistance more securely, efficiently, and transparently for donors, regulators, and forcibly displaced people and communities alike," said Carmen Hett, Corporate Treasurer at UNHCR.
"The progress achieved since our Berlin meeting is clear evidence that tokenized aid is moving from a novelty to a practical, scalable option for global aid delivery, particularly in economically distressed countries where traditional banking infrastructure is virtually nonexistent," said Matt Keller, Head of Impact at the Algorand Foundation. "By scaling our work with UNHCR and HesabPay to reach over 600,000 returnees in Afghanistan, we are showing the international community that blockchain-based aid can deliver speed, transparency, and cost-efficiency where traditional infrastructure is limited."
This operational progress serves as the backdrop for the Humanitarian Payments Council meeting taking place this week in Washington, D.C. The event convenes international humanitarian agencies, financial institutions, fintech providers, and policymakers to discuss scalable frameworks for global humanitarian stablecoin deployments.
About Algorand
Algorand is a public layer-1 blockchain built for financial empowerment. Algorand offers tools to move money across borders, issue and manage assets, verify identity, and develop services that rely on dependable performance and instant settlement. Developers and organizations use Algorand to create practical tools for payments, identity, asset tokenization, public records, and other financial services. Algorand's all-in-one blockchain infrastructure powers financial apps that are easy to build, simple to use, and unlock economic opportunity for users.
Today, the Algorand ecosystem spans startups, developers, governments, and global partners building real-world financial and digital asset solutions. With Algorand, you decide where your money lives, how it moves, and who can access it. To learn more and join the financial empowerment movement, visit algorand.co.
Disclaimer: This press release is provided for informational purposes only. The information is provided by the Algorand Foundation and, while we strive to keep it accurate and current, we make no representations or warranties of any kind, express or implied, as to its completeness, accuracy, reliability, or suitability for any purpose. Nothing in this release constitutes legal, financial, tax, or investment advice, nor an endorsement, guarantee, or investment recommendation. References to third parties, including any organizations, agencies, products, or platforms, are for informational purposes only and do not imply any endorsement, affiliation, or partnership beyond what is expressly stated. All third-party names and trademarks are the property of their respective owners. Operational figures reflect information available as of the date of this release and may be subject to revision. Any statements regarding future plans, integrations, deployments, or timelines are forward-looking and subject to change. The Algorand Foundation undertakes no obligation to update these statements except as required.
On-chain data flagged a rare six-hour window in which U.S. government-controlled wallets shifted a combined $12.9 million in seized cryptocurrency, moving assets tied to both the 2016 Bitfinex hack and the collapsed FTX/Alameda empire. According to the original report citing Arkham Intelligence, these transactions stand out because they touch two of the most scrutinized seizure pools at once—suggesting the pace of asset management may be accelerating.
The largest chunk, worth about $11.45 million, originated from an address specifically marked as holding proceeds from the Bitfinex breach. That wallet sent 5,939 ETH and 296,709 USDT directly to Coinbase Prime. Choosing an institutional custody and trading venue rather than an unknown wallet or an auction house immediately reframes the discussion from simple safekeeping to possible liquidation or at least preparation for it. Coinbase Prime is not a passive vault; it is where institutions and government entities can execute large block trades with minimal market slippage.
Bitfinex Hack Funds Hit Coinbase Prime The Bitfinex theft, which stripped 119,756 BTC from the exchange in August 2016, remains one of the longest-running recovery sagas in crypto. Law enforcement arrested Ilya Lichtenstein and Heather Morgan in early 2022 and have since been clawing back assets through a combination of on-chain tracing and court orders. So far the Department of Justice has retrieved billions in Bitcoin, but small denominations of ether and stablecoins sometimes escape attention. This transfer indicates those smaller pots are now being consolidated.
Moving the funds to Coinbase Prime aligns with how the U.S. Marshals Service has previously handled seized Bitcoin sales: avoid public auctions, use a professional trading desk, and minimize market disruption. By sending both ETH and USDT in a single batch, the government appears to be prioritizing efficiency over piecemeal liquidation. Whether the assets will be sold immediately or held in Prime custody for future sale is not disclosed, but the choice of venue makes the intent hard to ignore.
FTX/Alameda Tokens Dispersed Across Multiple Addresses The second movement involved an address tied to FTX and Alameda Research seizures, and it was notably messier. Roughly $543,000 worth of tokens scattered across 7 different cryptocurrencies left the wallet in quick succession: 209.18 ETH, 0.533 WBTC, 1,231 COMP, 5.37 YFI, 4,054 NMR, 4,107 AXS, and 138,950 RLC. The variety tells its own story—FTX’s balance sheet held a sprawling mix of DeFi governance tokens, gaming assets, and niche infrastructure coins, many of which are thinly traded.
Instead of funneling all tokens to a single institutional exchange, the government split the transfers across several destination addresses. This reduces the immediate price impact on any one market but also signals that liquidating these altcoin positions will be a multi-step process. For token holders of COMP, YFI, and NMR, even the specter of government sales can weigh on liquidity, especially when daily volumes are low.
Government as a Crypto Whale Across multiple jurisdictions, governments have become involuntary whales. The U.S. alone holds Bitcoin worth several billion dollars, mostly from the Silk Road and Bitfinex recoveries. But the pace and method of liquidation have evolved. Early Silk Road auctions were public and drew bids from venture capitalists like Tim Draper. Today the default path runs through prime brokers and OTC desks, mirroring the infrastructure used by institutions while debates over a landmark crypto market structure bill heat up on Capitol Hill.
This shift matters for market transparency. On-chain analytics firms like Arkham now allow anyone to track government wallets, turning once-obscure seizures into public data points. The surveillance cuts both ways: traders can front-run suspected liquidations, while authorities benefit from the visibility as a deterrent. The latest transfers reinforce that seized crypto is rarely static. Even when the legal process drags on, asset movements accelerate behind the scenes as agencies look to convert volatile holdings into fiat or stablecoins before court mandates force their hand.
What Remains Uncertain Arkham labels do not confirm official government control; they are algorithmic identifications based on clustering heuristics and public records. The U.S. Marshals Service or DOJ has not commented on these specific transfers. Without official confirmation, the exact timing of any sale—or whether these movements are simply internal custodian rotations—remains unclear. The FTX/Alameda tokens add another layer of uncertainty because the bankruptcy estate’s recovery process is interwoven with debtor lawsuits, clawback claims, and international asset freezes.
Traders watching illiquid DeFi tokens from the FTX bucket will now assess whether active sell pressure could appear on their order books in the coming days. The broader spot market has so far absorbed government liquidations without calamity, partly because the OTC route dampens slippage. Still, as institutional tokenization surges—exemplified by the recent $20 billion milestone in real-world assets on-chain—crypto-native enforcement bodies will likely face growing pressure to handle seized digital assets with the same rigor as any other financial instrument. The weekend moves suggest that quiet disposal, not public auction, is becoming the norm.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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According to monitoring by Onchain Lens, a U.S. government address has emptied another wallet holding crypto assets seized from Alameda Research and FTX, transferring 4,820 ETH to Coinbase Prime, valued at $9.28 million; 54.89 billion SHIB, 631,740 POWR, and 1.06 million AERGO to three new wallets, worth $235,600, $27,900, and $22,100 respectively. The wallet now holds $0 in assets.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
3 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
3 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
3 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
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Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
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According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
The US government just moved approximately $9.29 million worth of Ethereum to Coinbase Prime, sourced from wallets tied to the FTX and Alameda Research collapse. The transfer, flagged by blockchain analytics firm Arkham Intelligence, involved roughly 4,820 ETH and represents the latest chapter in Washington’s slow, methodical approach to offloading billions in seized crypto.
What actually moved, and what else came along for the ride The Ethereum wasn’t traveling alone. Alongside the 4,820 ETH, the government-controlled wallet also relocated around 5.489 billion SHIB tokens, 631.7 thousand POWR tokens, and 1.06 million AERGO tokens to new addresses during the same transaction window.
The assets originated from wallets seized following the spectacular implosion of FTX in late 2022, when Sam Bankman-Fried’s exchange and its sister trading firm Alameda Research collapsed, vaporizing billions in customer funds. Coinbase Prime, the institutional arm of the largest US-based crypto exchange, was selected by the US Marshals Service in 2024 to serve as the custodian for these forfeited digital assets.
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A pattern of controlled deposits This wasn’t a one-off event. The July 15 transfer follows a pattern that has been building throughout 2026. In May, approximately $1.9 million in altcoins from the same FTX/Alameda seizure pool were deposited to Coinbase Prime. Smaller transactions followed in June.
No sales or further movements from the July 15 deposit have been reported as of the latest available data. Moving tokens to Coinbase Prime doesn’t automatically mean they’re being sold. The platform offers custody services alongside trading capabilities, so the government could be repositioning assets for eventual over-the-counter transactions rather than dumping them into the open market order book.
For context, the US government’s total seized crypto portfolio exceeds $20 billion. A $9.29 million Ethereum deposit represents roughly 0.046% of that total.
The FTX aftermath continues to unwind The FTX collapse remains one of the most consequential events in crypto history. When the exchange imploded in November 2022, it triggered a cascade of failures across the industry and left creditors scrambling to recover funds. Bankman-Fried was subsequently convicted and sentenced, but the recovery process for affected users has been grinding forward through bankruptcy proceedings and government asset liquidation ever since.
The May, June, and now July transfers have been relatively modest in size, and there’s no evidence of immediate large-scale selling following any of these deposits. For Ethereum specifically, the 4,820 ETH moved in this transaction represents a tiny fraction of daily trading volume, which routinely exceeds billions of dollars.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave, which operates one of the largest onchain lending markets, has launched Aave V4 on Avalanche as it looks to accelerate lending for tokenized assets and institutional finance, according to a Wednesday statement.
The move marks Aave V4’s first deployment beyond Ethereum. Avalanche is a high-performance blockchain network designed to support digital finance, including decentralized finance, real-world asset tokenization and institutional blockchain applications.
The launch aims to enable specialized credit markets backed by tokenized real-world assets and extends Aave’s long-standing presence on Avalanche, where its V3 protocol has facilitated billions of dollars in liquidity. It also serves as the blueprint for Aave V4’s multichain expansion strategy, with future deployments tailored to the strengths of individual blockchain ecosystems.
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Aave said the deployment leverages Aave V4’s Hub and Spoke architecture to support future tokenized asset markets with dedicated borrowing markets, shared liquidity infrastructure, and tailored collateral and risk frameworks.
According to Aave Labs founder Stani Kulechov, Avalanche’s combination of an established Aave ecosystem and growing tokenization activity makes it the ideal first destination for expansion.
“Aave V4 was designed to enable new credit markets at internet scale. Avalanche is a natural destination for the first expansion of Aave V4 beyond Ethereum because it combines a mature Aave lending market with a rapidly growing ecosystem for tokenized assets,” Kulechov commented on the move.
“That combination creates new opportunities to deepen liquidity, improve capital efficiency, and expand access to borrowing against tokenized assets. That’s exactly why one of the first markets we plan to launch on Avalanche is a dedicated credit market for tokenized assets,” he added.
Ava Labs President John Wu said the integration advances the use of tokenized assets by giving institutions access to borrowing and liquidity infrastructure comparable to traditional financial markets.
“The next phase of tokenization is about putting assets to work, not just bringing them onchain,” Wu stated. “Aave V4 on Avalanche is an important step toward making that a reality and advancing the shift to a more efficient, onchain financial system.”
Aave said the platform is designed to support tokenized real-world assets including US Treasuries, money market funds, private credit, and corporate bonds.
The team added that one of the first planned deployments on Avalanche will be a dedicated market for tokenized assets, allowing institutions to borrow against tokenized collateral while accessing Aave’s shared liquidity network.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Aave V4 is now live on Avalanche, bringing V4’s all-new Hub and Spoke architecture to a network where Aave has a long track record of success. This is V4’s first multi-chain deployment, and it launches with one Core Liquidity Hub and a Main market, AVAX Correlated market, and Forex market.
Five Years on Avalanche Aave was first deployed on Avalanche in 2021, when V2 launched during the Avalanche Rush program and quickly became one of the network's largest protocols. Avalanche then became one of the early networks to run Aave V3 in 2022.
On Avalanche, Aave has held billions of dollars at its peaks and has processed more than $15 billion in all-time cumulative inflows across V2 and V3. Today the V3 market supports 18 assets, with stablecoin utilization running above 90 percent signaling the high borrow demand
Avalanche V4 Deployment The Core Liquidity Hub holds the deployment's shared liquidity in WAVAX, sAVAX, BTC.b, USDC, USDT, WETH.e, and EURC. Every market draws from this single pool, so liquidity stays deep instead of fragmenting across separate venues.
The Main market is the general-purpose venue for lending and borrowing, and it is expected to hold the majority of the deployment's liquidity. It accepts the broadest collateral set in the deployment, with users supplying WAVAX, BTC.b, USDC, USDT, or WETH.e and USDC, USDT, EURC, WAVAX, BTC.b, and WETH.e as borrowable assets.
The AVAX Correlated market is dedicated to AVAX liquid staking strategies. Users can supply sAVAX at a 95 percent collateral factor and borrow WAVAX as the only borrowable asset.
Lastly, the Forex market supports trading and hedging across fiat-pegged stablecoins. EURC, USDC, and USDT each serve as collateral and can be borrowed against one another, with conservative caps set at launch to account for EURC's limited secondary market liquidity.
Getting Started Avalanche users can supply and borrow on V4 today. Find the Avalanche market on Aave Pro to get started. The full deployment specification, including risk parameters and caps for every asset, is available on the Aave governance forum.
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Stani Kulechov has a number in mind, and it’s a big one. The Aave Labs founder and CEO told a panel discussion that the market for tokenized real-world assets could hit $100 billion by the end of 2026, with Aave gunning for $1 billion in RWA deposits on its own platform.
The conversation, which took place on July 15, centered on the deployment of Aave V4 on Avalanche, a move backed by a $15 million incentive commitment from the Avalanche ecosystem. That’s a KPI-tied package designed to accelerate the growth of a dedicated RWA hub on the network.
What Aave V4 actually does differently Aave V4 launched on Ethereum back in March 2026 after roughly two years of development. The upgrade introduces what’s called a hub-and-spoke architecture. Instead of pooling every type of collateral into one big liquidity pot where one bad asset can poison everything, V4 isolates risk across separate liquidity hubs. Each hub manages its own market-specific risk. This matters enormously when you start accepting non-crypto collateral like Treasury bills, real estate tokens, or private credit instruments.
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GHO and the stablecoin play Aave’s native overcollateralized stablecoin, GHO, sits at the center of the V4 strategy. Kulechov has positioned it not just as a borrowing tool but as a genuine revenue driver for the protocol.
The stablecoin’s savings variant, sGHO, functions as an on-chain savings product. DAOs have already approved GHO deployment on networks like Arbitrum, expanding its reach beyond Ethereum. The Avalanche deployment adds another chain to that footprint.
The $100 billion question Kulechov’s forecast that RWAs will reach $100 billion by the end of 2026 is ambitious but not outlandish. What makes Aave’s angle different from a simple tokenization play is the lending layer. Tokenizing a Treasury bill is useful. Being able to borrow against that tokenized Treasury bill at competitive rates within a decentralized protocol is a different value proposition entirely. That’s the gap Aave V4 is designed to fill.
Aave has historically processed over $3 trillion in cumulative deposits across its protocol versions. Avalanche’s $15 million incentive package is KPI-tied, meaning the money flows based on actual growth metrics, not just deployment promises.
What this means for investors For AAVE token holders, the expansion into RWAs could meaningfully change the protocol’s revenue composition. If Kulechov’s target of $1 billion in RWA deposits materializes, that’s a new revenue stream layered on top of existing crypto lending activity.
Integrating real-world assets introduces legal and regulatory complexity that pure DeFi protocols have historically avoided. Collateral that exists in the physical world can be seized, disputed, or devalued by forces entirely outside the blockchain’s control. V4’s risk isolation architecture mitigates some of that danger at the protocol level, but it doesn’t eliminate jurisdiction-specific regulatory risk.
Discussions about a consumer-facing Aave App add another dimension to the story, signaling that Aave’s ambitions extend beyond its current user base.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave has taken its V4 lending protocol beyond Ethereum for the first time, choosing Avalanche for its next growth phase. The launch is aimed at building dedicated credit markets for tokenized real-world assets and institutional finance.
Aave V4 Expands Beyond Ethereum Aave V4 is now live on Avalanche, marking the protocol’s first deployment outside Ethereum. The move extends the platforms lending infrastructure to a network already used for decentralized finance, tokenization, and institutional blockchain applications.
The launch builds on an earlier presence on Avalanche, where Aave V3 has handled billions of dollars in liquidity. Aave said the V4 deployment will support specialized borrowing markets backed by tokenized assets.
Aave V4 uses a Hub and Spoke design that can support shared liquidity and custom risk settings. The structure allows different markets to use dedicated collateral rules while still connecting to wider liquidity.
Avalanche RWA Growth Adds Context As reported by CoinGape, Avalanche’s latest RWA growth followed a July 13 announcement from Bridgetower. The firm tokenized more than $11 billion in real-world production assets, including the Arizona Copper-Gold project, on Avalanche using Chainlink infrastructure.
That transaction helped push Avalanche to fifth place in net RWA inflows on RWA.xyz overnight. The activity added fresh context to Aave’s decision to choose Avalanche for its first V4 expansion beyond Ethereum.
According to the announcement, the platform can support tokenized US Treasuries, money market funds, private credit, and corporate bonds. One planned market on Avalanche will allow institutions to borrow against tokenized collateral through Aave’s liquidity network.
Aave Targets Tokenized Credit Markets The founder, Stani Kulechov, said Avalanche was selected because of its existing Aave market and growing tokenization activity. He said, “Aave V4 was designed to enable new credit markets at internet scale.”
Kulechov added that Avalanche offers a strong base for tokenized asset lending. He said one of the first planned markets on Avalanche will focus on borrowing against tokenized assets.
Ava Labs President John Wu said tokenization is moving beyond bringing assets onchain. He said,
“The next phase of tokenization is about putting assets to work, not just bringing them onchain.”
The Avalanche launch is also expected to guide future Aave V4 deployments across other networks. Aave plans to tailor each rollout to the strengths of the selected blockchain ecosystem.
Despite the launch, the AAVE price has fallen over 3% in 24 hours to $96.86, after a week of bearish pressure caused by the fluctuating Bitcoin price trend.
If you want to know more about Real World Assets, check our Top Real World Asset (RWA) Issuers
Aave V4 is officially running on Avalanche, giving the largest DeFi lending protocol its first multi-chain footprint beyond Ethereum. The deployment, which went live on July 15, marks the beginning of what Aave envisions as a broader expansion strategy, one that puts tokenized real-world assets at the center of on-chain credit markets.
What Aave V4 on Avalanche actually does The core innovation here is Aave’s Hub-and-Spoke architecture, a modular system that allows the protocol to spin up specialized lending markets without cramming everything into a single monolithic pool. Instead of one giant pot where all assets mix together, Aave can now create purpose-built liquidity hubs tailored to specific asset types and risk profiles.
On Avalanche, those hubs are focused squarely on tokenized real-world assets. We’re talking US Treasuries, money market funds, private credit, and corporate bonds, the kind of collateral that makes traditional finance professionals perk up.
The practical implication is straightforward. Institutions holding tokenized versions of these assets can now borrow against them on-chain, accessing liquidity without selling their positions.
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Aave V4 first launched on Ethereum mainnet back on March 30, featuring initial Liquidity Hubs. The Avalanche deployment extends that infrastructure to a chain that has been aggressively courting institutional tokenization use cases for the past year.
Avalanche is putting $15 million behind the bet Avalanche has committed up to $15 million in performance-based incentives to support the Aave V4 rollout. Incentive payouts are tied to specific KPIs: total value locked, borrowing volume, and generated revenue.
The governance path to get here was methodical. A temperature check passed in late May, followed by a formal Aave Request for Comments in mid-June. Both steps demonstrated strong community support, effectively giving the Aave DAO’s blessing before the deployment moved forward.
Aave Labs founder Stani Kulechov has pointed to the synergies between Aave’s lending infrastructure and Avalanche’s growing ecosystem of tokenized assets. The argument is that Avalanche already has the institutional asset issuers, and Aave brings the lending rails that make those assets actually useful in a DeFi context.
Why RWAs are the centerpiece The Hub-and-Spoke model is particularly well-suited for RWA-focused markets. Different asset classes carry wildly different risk profiles, and the modular architecture lets Aave isolate those risks in separate hubs rather than exposing the entire protocol to contagion from a single asset blowup.
What this means for investors For Aave holders and DeFi participants, the Avalanche deployment establishes a repeatable playbook for multi-chain expansion. Governance discussions have already positioned Avalanche as a potential template for future V4 rollouts.
For Avalanche’s ecosystem, the deployment adds a high-profile DeFi primitive that could pull institutional capital onto the chain. The $15 million incentive program suggests the Avalanche Foundation views this as a strategic investment in ecosystem development rather than a marketing expense.
The risk factors include liquidity fragmentation across chains, especially if TVL doesn’t materialize quickly enough to make the credit markets efficient. Tokenized RWA collateral also introduces dependencies on off-chain asset custodians and issuers, adding layers of counterparty risk that don’t exist with purely crypto-native collateral.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Decentralized lending protocol Aave has launched V4 on Avalanche, marking the first expansion of its latest lending infrastructure beyond Ethereum and setting the stage for future lending markets backed by tokenized real-world assets.
The deployment introduces Aave V4’s Hub & Spoke architecture, which allows specialized lending markets to operate with their own collateral requirements and risk parameters while drawing on shared liquidity across the protocol.
According to Aave, one of the first planned markets on Avalanche will support borrowing against tokenized assets.
The architecture is designed to support a broader range of collateral than previous versions of the protocol, Aave’s statement said. As well, future specialized markets on Avalanche could support tokenized assets including US Treasurys, money market funds, private credit and corporate bonds, each with customized collateral requirements and risk parameters.
Aave is the largest decentralized lending protocol by total value locked, with nearly $14 billion in assets across 23 blockchains, according to DeFiLlama data.
Source: DefiLlama
Tokenized assets move beyond issuanceThe launch comes as financial institutions and blockchain firms are fast building infrastructure and partnerships that allow tokenized assets to be used as collateral across traditional and decentralized finance.
In February, Franklin Templeton partnered with Binance to let institutions use tokenized money market fund shares as off-exchange collateral while keeping the underlying assets in regulated custody.
The following month, Nasdaq announced plans to integrate its collateral management platform with Talos’ digital asset infrastructure to streamline institutional workflows for managing tokenized collateral. The integration is intended to combine collateral management, risk monitoring and trade surveillance within a single platform for institutional digital asset trading.
Market infrastructure providers have also entered the space. In May, DTCC said it would integrate Chainlink technology into its tokenized collateral platform to support near real-time movement, valuation and settlement of tokenized collateral ahead of a planned fourth-quarter launch.
More recently, the push has expanded into institutional lending. On Wednesday, Grove announced a $500 million warehouse lending facility with Galaxy Digital to finance institutional crypto-backed loans using blockchain-based infrastructure.
Tokenized real-world assets have become one of the fastest-growing sectors of the digital asset industry. According to RWA.xyz, more than $34 billion worth of real-world assets are currently tokenized on public blockchains, up from about $12.8 billion a year ago.
Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?
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.
Decentralized lending protocol Aave has launched V4 on Avalanche, marking the first expansion of its latest lending infrastructure beyond Ethereum and setting the stage for future lending markets backed by tokenized real-world assets.
The deployment introduces Aave V4’s Hub & Spoke architecture, which allows specialized lending markets to operate with their own collateral requirements and risk parameters while drawing on shared liquidity across the protocol.
According to Aave, one of the first planned markets on Avalanche will support borrowing against tokenized assets.
The architecture is designed to support a broader range of collateral than previous versions of the protocol, Aave’s statement said. As well, future specialized markets on Avalanche could support tokenized assets including US Treasurys, money market funds, private credit and corporate bonds, each with customized collateral requirements and risk parameters.
Aave is the largest decentralized lending protocol by total value locked, with nearly $14 billion in assets across 23 blockchains, according to DeFiLlama data.
Source: DefiLlama
Tokenized assets move beyond issuanceThe launch comes as financial institutions and blockchain firms are fast building infrastructure and partnerships that allow tokenized assets to be used as collateral across traditional and decentralized finance.
In February, Franklin Templeton partnered with Binance to let institutions use tokenized money market fund shares as off-exchange collateral while keeping the underlying assets in regulated custody.
The following month, Nasdaq announced plans to integrate its collateral management platform with Talos’ digital asset infrastructure to streamline institutional workflows for managing tokenized collateral. The integration is intended to combine collateral management, risk monitoring and trade surveillance within a single platform for institutional digital asset trading.
Market infrastructure providers have also entered the space. In May, DTCC said it would integrate Chainlink technology into its tokenized collateral platform to support near real-time movement, valuation and settlement of tokenized collateral ahead of a planned fourth-quarter launch.
More recently, the push has expanded into institutional lending. On Wednesday, Grove announced a $500 million warehouse lending facility with Galaxy Digital to finance institutional crypto-backed loans using blockchain-based infrastructure.
Tokenized real-world assets have become one of the fastest-growing sectors of the digital asset industry. According to RWA.xyz, more than $34 billion worth of real-world assets are currently tokenized on public blockchains, up from about $12.8 billion a year ago.
Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?
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.
Aave, the leading decentralized lending protocol by total value locked, has launched its V4 protocol on Avalanche. This move marks the first major expansion of Aave’s latest lending infrastructure beyond the Ethereum ecosystem and paves the way for new lending markets based on tokenized real-world assets.
Hub & Spoke architecture debuts on AvalancheAave’s V4 deployment introduces a Hub & Spoke architecture, an upgrade designed to enable specialized lending markets to function independently, each with distinct collateral requirements and risk parameters. These markets access pooled liquidity from the broader Aave protocol, enhancing capital efficiency across the platform.
The protocol stated that the first markets on Avalanche will focus on enabling users to borrow against tokenized assets, which can include instruments like US Treasurys, money market funds, private credit, and corporate bonds. These assets will feature customized collateral frameworks and separate risk settings tailored for each asset class.
Aave’s latest version supports a wider spectrum of collateral types compared to its predecessors, supporting further growth in the rapidly evolving tokenized asset sector.
Mini dictionary: Avalanche is a high-throughput, layer-1 blockchain platform designed for fast and scalable decentralized applications, known for its low transaction fees and strong support for DeFi protocols.
Aave reported that its V4 deployment on Avalanche opens new possibilities for institutional and traditional finance assets to be integrated into decentralized lending, supporting tokenized versions of major financial products within distinct, risk-managed markets.
Expanding digital collateral infrastructureFinancial institutions and blockchain firms have increasingly focused on developing infrastructure for tokenized assets to be used as collateral, both in traditional and decentralized finance. In February, asset management giant Franklin Templeton partnered with Binance to enable institutions to use tokenized money market fund shares as off-exchange collateral. This arrangement let underlying assets remain in regulated custody while financially leveraging them on digital platforms.
In March, Nasdaq announced plans to integrate its collateral management system with Talos’ digital asset trading infrastructure. The platform aims to simplify institutional workflows by combining collateral management, risk monitoring, and trade surveillance into a single interface for digital asset trading.
Infrastructure providers have also stepped into the space. The Depository Trust & Clearing Corporation (DTCC), a central securities depository in the US, revealed in May that it would incorporate Chainlink technology to support real-time settlement, movement, and valuation of tokenized collateral on its forthcoming platform, with a launch anticipated in the fourth quarter of the year.
InstitutionInitiativeBlockchain/PlatformFocusFranklin Templeton & BinanceTokenized money market collateralBinance platformInstitutional off-exchange collateralNasdaq & TalosCollateral management integrationTalos infrastructureInstitutional trading workflowDTCC & ChainlinkTokenized collateral settlementChainlink technologyReal-time movement and valuation With the launch of Aave V4 on Avalanche, institutional lenders now have access to a broader set of tools that merge digital asset technology with traditional financial products, streamlining on-chain collateral usage and settlement.
Tokenized assets see rapid growthThe push for tokenization has quickly expanded into institutional lending. On Wednesday, Grove, a digital asset lending platform, announced a $500 million warehouse lending facility in collaboration with Galaxy Digital. This facility aims to fund institutional crypto-backed loans, utilizing blockchain infrastructure for both efficiency and transparency.
Tokenized real-world assets have emerged as one of the fastest-growing sectors within the digital asset industry. According to RWA.xyz, the total value of real-world assets currently tokenized on public blockchains has reached more than $34 billion, climbing from around $12.8 billion just one year ago.
Aave’s expansion to Avalanche illustrates the wider industry movement toward integrating tokenized assets into mainstream finance, suggesting a significant shift in how physical assets and digital platforms intersect in global markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aave has expanded its V4 lending protocol beyond Ethereum for the first time by deploying it on Avalanche to support tokenized real-world asset lending and institutional credit markets.
Summary
Aave V4 has launched on Avalanche in its first deployment outside Ethereum. The rollout focuses on institutional lending backed by tokenized real-world assets. AAVE fell over 3% despite the launch as broader crypto market weakness persisted. According to an announcement from Aave, the deployment brings the protocol’s latest lending infrastructure to Avalanche, a network already used for decentralized finance, tokenization, and institutional blockchain applications.
BREAKING: Aave V4 has launched on Avalanche, marking its first expansion beyond Ethereum.
Laying the groundwork for dedicated credit markets for tokenized assets. pic.twitter.com/EkpaZqgQZz
— MSB Intel (@MSBIntel) July 15, 2026 The rollout follows Aave V3’s earlier presence on Avalanche, where the protocol has managed billions of dollars in liquidity, and introduces infrastructure designed for specialized lending markets backed by tokenized assets.
Avalanche becomes Aave’s first destination for V4 With the new deployment, Aave V4 introduces a Hub and Spoke architecture that allows separate lending markets to operate under their own collateral and risk settings while remaining connected to shared liquidity. According to Aave, the structure is intended to support institutional use cases without isolating liquidity across individual markets.
Among the planned applications are lending markets backed by tokenized U.S. Treasuries, money market funds, private credit, and corporate bonds. According to Aave, one of the first Avalanche-based markets will allow institutions to borrow against tokenized collateral through the protocol’s liquidity network.
Recent activity on Avalanche has added context to the decision. As previously reported by crypto.news, Aave expanded its use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), making it the default infrastructure for cross-chain operations across the Aave App and Stable Vaults.
According to Aave, CCIP now supports token transfers, vault management, governance execution, GHO stablecoin transfers, and governance messaging through a single interoperability layer.
Tokenized asset lending becomes the next focus Additional momentum for Avalanche’s tokenization ecosystem came from Bridgetower’s July 13 announcement. As reported by crypto.news, the company tokenized more than $11 billion in real-world production assets, including the Arizona Copper-Gold project, on Avalanche using Chainlink infrastructure. crypto.news also reported that the transaction lifted Avalanche to fifth place in net real-world asset inflows tracked by RWA.xyz.
Commenting on the deployment, Aave founder Stani Kulechov said Avalanche’s established Aave market and growing tokenization ecosystem made it a suitable network for the protocol’s first V4 expansion outside Ethereum.
“Aave V4 was designed to enable new credit markets at internet scale.”
Kulechov added that one of the first planned markets on Avalanche will focus on lending against tokenized assets, according to the announcement.
Ava Labs President John Wu also linked the launch to the next stage of asset tokenization, arguing that the technology is increasingly being used to unlock financial activity rather than simply represent assets on-chain.
“The next phase of tokenization is about putting assets to work, not just bringing them onchain.”
According to Aave, the Avalanche deployment will also serve as a reference for future V4 rollouts on other blockchain networks, with each implementation adapted to the characteristics of its host ecosystem.
Despite the product launch, AAVE has remained under pressure. The token traded at $96.66 after falling more than 2% over the past 24 hours, extending a week of weakness that has coincided with recent volatility in Bitcoin’s price.
