@BSCNews put two AI models to work on the same question: where does $XRP finish 2026?
@grok offered the wider range, placing XRP between $1.80 and $4.50, with a base case of $2.50 to $3.50. @claudeai's Claude (internally labelled Fable 5) came in more cautious, calling $1.50 to $1.90 the most defensible corridor and flagging that any move above $2.50 requires multiple catalysts falling into place at once.
The gap between those forecasts and current prices is stark. $XRP is trading around $1.11, down roughly 42% on the year and about 70% below its July 2025 peak of $3.66.
ETF Traction, But Still a Thin Slice of the Market Spot XRP ETFs have built a meaningful footprint since launching in late 2025. As of July 14, 2026, seven XRP spot ETFs are trading in the United States with combined AUM of approximately $1 billion. That figure looks less impressive when set against Bitcoin: the original copy notes XRP ETF assets represent roughly 1.2% of XRP market cap, compared with 6.4% for Bitcoin's spot ETF complex.
According to Bloomberg Intelligence, retail investors account for roughly 84% of cumulative XRP ETF flows so far. Retail demand can support momentum, but it rarely breaks major resistance levels without stronger institutional buying.
Everything Hinges on the CLARITY Act Both AI models leaned on the CLARITY Act as the swing factor. The original copy put Polymarket odds at 38%, and more recent data suggests the market has grown even more skeptical. As of July 13, Polymarket priced the odds of the bill becoming law this year near 24%, down from above 70% earlier in 2026.
The Senate Banking Committee approved the bill 15-9 in May, with two Democrats joining Republicans, but the measure still needs 60 votes on the floor. The 60-vote Senate threshold and Democratic vote math remain the hardest obstacles.
The key factor remains whether the CLARITY Act clears the full Senate. If it passes, institutional investors would finally have both the regulatory clarity and the ETF infrastructure needed to scale, potentially pushing XRP above $1.50 and toward the $3 to $5 range that some analysts expect by year-end.
With Polymarket odds sliding and the Senate clock ticking ahead of the August recess, the catalysts both AIs flagged as necessary for a breakout are looking harder to stack by the week.
Sources:
Yahoo Finance: XRP ETF Inflows Just Hit a 2026 High
Yellow.com: Polymarket Now Sees Only a 24% Chance the CLARITY Act Becomes Law
XRP Insights: Live XRP ETF AUM and Flow Tracker
Japan is taking steps to establish itself as a global hub for institutional XRP finance with a new partnership between Doppler Finance and SBI Digital Finance, announced on July 13, 2026. This collaboration is designed to boost institutional liquidity, lending, collateral management, and tokenized capital markets, all built around the digital asset XRP.
Strategic move for institutional XRP adoptionDoppler Finance is known for providing infrastructure to power tokenized capital markets. The company specializes in solutions that help institutions use digital assets more productively. SBI Digital Finance operates HashHub Lending, one of the main crypto asset lending services in Japan. The firm is part of SBI Group, Japan’s leading financial conglomerate heavily involved in cryptocurrency services.
SBI Group co-founded SBI Ripple Asia with Ripple in 2016. This joint venture has played a major role in building out an extensive ecosystem for XRP-focused financial products and services in Japan. The latest partnership with Doppler Finance further expands this foundation, targeting direct institutional use cases.
Mini dictionary: SBI Group, a major Japanese financial services company, has played a significant role in promoting digital asset adoption in Japan through ventures in banking, asset management, securities, and cryptocurrency.
Focus on compliance and expanded infrastructureThe partnership aims to create institutional solutions centered on XRP and tokenized assets for the Japanese market. Regulatory compliance will be a core part of this approach, ensuring that new digital assets infrastructure meets the country’s strict standards.
As part of the announcement, Rox, Head of Institutions at Doppler Finance, stated that Doppler was “built to transform digital assets from passive holdings into productive financial capital.” He also highlighted that collaborating with SBI Digital Finance gives Doppler access to one of the world’s most prominent institutional digital asset markets.
Doppler Finance’s leadership emphasized that working with SBI Digital Finance provides an opportunity to unlock new levels of capital efficiency for institutional clients by leveraging Japan’s advanced regulatory environment and robust market demand.
Japan’s growing role in digital assetsJapan is recognized for having some of the world’s clearest and most established digital asset regulations. The country hosts one of the largest XRP communities worldwide and has increasingly advanced digital asset adoption across its financial system.
Institutional participation in Japanese crypto markets is well developed, and the new partnership is set to offer improved infrastructure for compliant, capital-efficient XRP solutions tailored to institutional needs.
Implications for the future of XRP in institutional financeXRP, created by Ripple as a fast, low-cost settlement asset, is now positioned to serve much broader institutional functions. The deal between Doppler Finance and SBI Digital Finance will make lending, collateral management, and capital efficiency tools available for institutions looking to integrate XRP on their balance sheets.
Over recent years, SBI Group has consistently strengthened its involvement with XRP, extending from cross-border payments through SBI Ripple Asia to exchange services provided by SBI VC Trade. The latest move into institutional lending infrastructure with Doppler Finance marks a significant continuation of this trend.
Institutional demand for digital assets is shifting toward platforms and infrastructure that enable active capital deployment rather than simple custody. While Japan is the launch market, the infrastructure developed here could eventually serve as a model for institutional XRP finance globally.
InstitutionArea of FocusRole in XRP EcosystemSBI GroupBanking, crypto servicesCo-founded SBI Ripple Asia, exchange, lendingDoppler FinanceTokenized capital marketsInfrastructure and lending solutionsDisclaimer: 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 viral screenshot has sparked rumors suggesting that the Depository Trust & Clearing Corporation (DTCC) has classified or listed the cryptocurrency XRP on its official platform. DTCC, a New York-based post-trade financial services company, is one of the largest clearing and settlement institutions in global markets.
Screenshot origins and viral claimsThe speculation began after users circulated a screenshot from the DTCC Learning Center website. This image showed a search result titled “XRP Haircut and Classification,” which described XRP as a cryptocurrency and referenced hypothetical margin adjustments depending on trading conditions.
Despite the convincing appearance of the result, XRPL validator and researcher Vet clarified that the viral claim relies solely on an AI-generated search response rather than any official DTCC listing or documentation. Vet explained that the actual DTCC source cited in the screenshot makes no mention of XRP.
Vet emphasized that the DTCC site does not reference XRP in the cited materials. The AI-driven tool serving the search results attempts to map answers based on the popularity and relevance of searched keywords.
How Coveo AI search fueled confusionAccording to Vet, the confusion arises from the behavior of the Coveo-powered enterprise search software integrated into the DTCC website. When users search for specific terms like XRP repeatedly, the AI is programmed to generate contextual answers even when no official material exists on the subject.
Vet noted that a surge in XRP-related searches by the online community in recent weeks led the AI to automatically curate an answer to address the apparent demand. This mechanism can produce search result snippets that appear official, despite being AI-generated and not based on DTCC documentation.
Mini dictionary: Coveo is an AI-powered enterprise search platform that delivers intelligent, context-aware search results for corporate websites, aiming to enhance user experience by aggregating information from multiple sources.
Screenshots shared within the XRP community display elements labeled “Coveo Generated Answer,” confirming the software’s role in generating such AI-based content.
Corporate context and recent DTCC developmentsThe situation unfolded shortly after DTCC announced it had completed live production trades using tokenized securities this week. This development attracted attention within the broader digital asset industry, as tokenized securities can allow traditional financial assets to be issued and transferred on blockchain infrastructure.
DTCC’s pilot included participation from over 30 companies, spanning major financial institutions and technology providers, such as BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, Chainlink, Circle, Microsoft, and the New York Stock Exchange. However, Ripple, the company closely associated with XRP and distributed ledger payments technology, was not among the listed participants.
Although the AI feature fueled hopes for an official DTCC listing, no documentation or participant list currently supports XRP’s inclusion or classification on the DTCC platform.
FeatureOfficial DTCC DocumentationAI-Generated Search AnswerXRP MentionedNoYesSource VerificationDocumentedAI-generated, not officialCredibilityHighUnverifiedUser ImpactLowHigh confusionIndustry observers have advised caution, stressing the importance of distinguishing between results generated by AI-powered search tools and official corporate announcements or listings.
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.
Llamalend v2 is now live on Ethereum, following its first production rollout on Optimism.
The upgrade brings Curve’s liquidity and lending layers much closer together. A Curve pool can support secondary trading, oracle pricing and the routes needed to manage liquidations, while Llamalend adds borrowing and lending around that same onchain liquidity. The DEX pool and lending market can be built as parts of one market rather than two disconnected tracks.
V2 also expands Curve lending beyond markets that require crvUSD on one side. It supports a wider range of borrowed assets and collateral types, including supported Curve LP tokens, allowing liquidity positions to be used as collateral. Every market remains isolated with its own oracle, parameters and caps.
From Optimism to EthereumLlamalend v2 first went live on Optimism in June. OP incentives helped the initial markets attract supply and borrowing quickly, while giving the contracts, frontend, oracles and reward infrastructure their first production test.
The initial markets have operated normally to date. That rollout also gave the team time to work through the additional oracle validation and infrastructure changes required before deploying on Ethereum.
Ethereum is the next planned phase. Initial markets will begin with zero borrow caps, and borrowing will open market by market after the Curve DAO approves the initial borrow caps. V2 also supports the gradual migration of selected v1 lending and crvUSD mint markets to newer infrastructure and expanded controls.
Lending Built Around LiquidityLiquidity is not only what makes trading possible. It is also what makes a lending market viable. A market needs dependable pricing and enough depth to manage collateral when prices move.
Where appropriate, a Curve pool can provide EMA-based oracle input and a liquid secondary venue for the collateral asset. Each Llamalend market also contains its own LLAMMA, which gradually converts between the collateral and borrowed asset across a price range. This creates tradeable liquidity that arbitrageurs and aggregators can access.
For asset issuers, the same Curve liquidity can therefore support secondary trading, oracle pricing and a lending market around the asset. This can reduce the need to build and subsidize separate infrastructure for each function.
It does not remove the need for real market depth, lender supply or borrowing demand. Those remain requirements for a healthy lending market.
Flexible Markets, Isolated ExposureLlamalend v1 required crvUSD on one side of every lending market. V2 removes that restriction. Supported assets can now sit on either side, subject to suitable liquidity, oracle design and market parameters.
Every market remains one-way and isolated. It has one collateral asset, one borrowed asset, and its own lender vault, interest-rate model, oracle, caps and risk settings.
This gives lenders more precise exposure. They choose which asset they are supplying and exactly which collateral backs the borrowing in that market. Credit and collateral risk are contained within that market rather than shared across an unrelated group of assets.
V2 also supports productive collateral and high-LTV configurations. Supported Curve LP tokens can secure a loan while the underlying pool position continues accruing trading fees. This lets users borrow against liquidity they are already providing instead of leaving positions in only one role.
With this update, Llamalend becomes an ideal venue for yield farmers who want to use LP, yield-bearing, or principal tokens as collateral to amplify their earnings.
What Range-Based Liquidation Actually MeansLLAMMA remains a defining part of Llamalend, but it should be understood as a risk-management mechanism, not a guarantee against liquidation.
Instead of waiting for one fixed liquidation price, a loan’s collateral is placed across a range of price bands. When the market enters that range, portions of the collateral are gradually converted into the borrowed asset. If the price recovers, part of that conversion may reverse.
This can avoid an immediate, all-at-once liquidation, but losses can accumulate inside the range and the loan can still be hard-liquidated if its health reaches zero. Borrowers should treat entry into the range as a warning, not something to ignore. And where available in v2 markets, the new “position reset” feature allows you to use current converted collateral to move positions out of the range.
For more detail, see Curve’s guides to liquidations and custom bands.
The Ethereum RolloutThe initial Ethereum markets will be announced alongside deployment and the corresponding governance proposals.
Each market will launch with its borrow cap set to zero. Users will be able to supply assets, but borrowing will only open once the Curve DAO approves the initial caps. Curve governance proposals take approximately seven days from creation to execution.
Base lending interest depends on utilization, so suppliers should not expect interest from borrowers until the caps are enabled. Any separate incentives will be displayed in the Curve interface.
Borrow caps can then be raised progressively by governance as liquidity, demand and market behaviour become clearer. The objective is not to activate every possible asset pair immediately, but to grow markets where the pricing, liquidity and demand are strong enough to support them.
Llamalend v2 is now deployed on Ethereum. Borrowing opens market by market as the first governance proposals pass.
[Explore the markets] · [Follow the governance votes]
CASHCAT, a memecoin that has experienced sharp price increases in recent days, has been the subject of insider trading allegations.
Cashcat, a memecoin that has been one of the most talked-about altcoins in recent days and has seen a sharp rise since the launch of Robinhood Chain, is now facing allegations of “insider trading.”
The allegations center around an anonymous address that purchased 16.3 million CASHCAT for 1.6 ETH shortly after the token’s launch.
According to Lookonchain, a cryptocurrency analysis platform, an address starting with “0xae0F” initially acquired 16.3 million CASHCAT by spending 1.6 Ethereum (worth $3,000) when it was first launched. Following the massive price surge, it sold all 16.3 million CASHCAT for 1.527 ETH ($2.855 million), making a profit of $2.85 million.
This means CASHCAT has achieved a 952x return.
At this point, the fact that this investor bought CASHCAT at what could be called a bottom and sold their holdings at what could be considered a top led to the emergence of “insider” allegations for memecoin.
However, there is no official confirmation so far that the investor used insider information.
CASHCAT, which recently rose above $0.22, has fallen to around $0.11 following the latest sell-off. With a drop of over 35% in just the last 24 hours, CASHCAT is currently trading at $0.128.
*This is not investment advice.
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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.
4 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."
4 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!
4 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.
4 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
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%.
4 hours ago
A certain address profited 23.75 million USDC via the Ostium exploit, then exchanged the funds for 12,085 ETH.
According to EmberCN’s monitoring, an hour and a half ago, the DeBank address under the username musti_akrep exploited a vulnerability on Perp DEX Ostium to gain 23.75 million USDC, transferred the funds to the Arbitrum blockchain, and immediately converted the USDC into 12,085 ETH at a purchase price of $1,965.
Coinbase’s CEO, Brian Armstrong, recently stated that the exchange is the premier choice for family offices and ultra-high-net-worth individuals (UHNW) in the European Union seeking crypto exposure. This announcement highlights Coinbase’s commitment to providing secure, regulated services tailored to institutional investors within the EU. The exchange’s recent acquisition of a MiCA license under the Markets in Crypto-Assets framework allows it to offer compliant crypto and custody services across all 27 EU member states. This regulatory milestone positions Coinbase as a key player for EU wealth entities, distinguishing it from other platforms that lack such compliance.
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Markets appear to interpret Armstrong’s statement as potentially increasing demand for cryptocurrencies like Ethereum among institutional investors. The news comes amid various market activities that suggest a complex outlook for Ethereum’s future price movements. While some sub-markets remain supportive of significant price increases, indicating potential optimism, the overall market remains cautious with mixed indicators.
Key Takeaways Coinbase’s positioning under the MiCA framework suggests its growing role as a regulated gateway for EU family offices and UHNW individuals seeking crypto exposure. Market pricing suggests that this development could influence institutional demand for Ethereum, consistent with scenarios where demand increases. Despite this positive outlook for institutional interest, Ethereum’s market probabilities for reaching high price targets by the end of 2026 remain relatively low. What to Watch Key developments to monitor include any further strategic announcements from Coinbase that could enhance its appeal to institutional investors. Additionally, watch for changes in Ethereum-related regulations or major investment flows from institutional entities like BlackRock or Fidelity. Such events could further shift market sentiment and influence Ethereum’s price trajectory. The unfolding regulatory environment in the EU and updates from significant stakeholders like Vitalik Buterin and the Ethereum Foundation may also impact market dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.8% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 2.6% — — View market → December 31, 2026 3.6% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 3.1% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 48.2% — — View market → January 1 2027 7.5% — — View market → January 1 2027 3% — — View market → January 1 2027 30% — — View market → January 1 2027 26.5% — — View market → January 1 2027 12.5% — — View market → January 1 2027 90% — — View market →
The team behind the Ethereum Foundation’s Institutional Privacy Task Force has formed an independent company called EthSystems. This new venture focuses on developing confidential systems that enable banks, asset managers, and other large organizations to conduct real financial activities on Ethereum’s public network while maintaining necessary privacy protections.
The transition allows the group to operate with a commercial structure better suited for delivering tailored solutions to enterprises.
Institutions increasingly see value in Ethereum for applications such as stablecoins, tokenized assets, and efficient settlement.
However, the transparent nature of public blockchains often conflicts with requirements to keep sensitive details—such as positions, counterparties, and transaction flows—confidential.
EthSystems aims to bridge this gap through modular privacy technologies that support selective disclosure aligned with regulatory and compliance standards.
Led by experienced professionals including Mo Jalil, Oskar Thorén, and Aaryamann Challani, the company draws on nearly a decade of expertise in protocol design, privacy infrastructure, and traditional finance.
The team previously advanced this work inside the foundation, engaging directly with major global institutions and shipping practical open-source prototypes.
These efforts include private bond constructions using zero-knowledge proofs, privacy-focused layer-2 approaches, explorations of fully homomorphic encryption, compliance-oriented shielded pools for stablecoin transfers, private cross-chain atomic swaps, and resilient systems for identity and civic participation.
A comprehensive Ethereum Privacy Map further documents use cases, architectural patterns, regulatory considerations across jurisdictions, and available tools, serving as a valuable resource for the ecosystem. All technical contributions remain open source, with ongoing public goods work planned alongside commercial activities.
EthSystems adopts a for-profit model to act as a credible commercial partner capable of handling bespoke engagements.
Services range from workshops that refine institutional requirements into actionable specifications, to proof-of-concept development, architecture reviews, and full production deployments integrated with existing systems.
This structure facilitates the deep technical execution needed for high-stakes financial infrastructure, while the company remains aligned with Ethereum’s long-term vision and continues collaborating with the foundation and related spin-outs like EthLabs and Ethereum Institutional.
Backers include long-term Ethereum supporters, reflecting confidence in the team’s ability to navigate the complex intersection of public ledgers, privacy, and institutional demands.
The founders emphasize a pluralistic approach that balances cypherpunk principles with practical enterprise needs, ensuring systems prioritize properties such as censorship resistance, openness, privacy, and security.
As global financial infrastructure evolves, EthSystems positions itself to accelerate Ethereum’s role beyond asset speculation into core commercial rails.
By focusing on rigorous protocol design and real-world usability, the company contributes to a future where institutions can confidently build on public, immutable ledgers without compromising sensitive operations. This development underscores Ethereum’s maturation as a versatile platform capable of serving diverse participants through specialized, collaborative innovation.
English繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañol Ethereum gained 8.23% over the past week to trade at $1,874.61 as of July 15, while the largest corporate ETH holder, Bitmine Immersion Technologies, disclosed that its holdings have reached 5.77 million tokens, according to a July 13 press release. The company’s total crypto and cash holdings now stand at $11.3 billion.
$45.7M in Staking Revenue Drives Bitmine’s Pivot Bitmine reported $45.7 million in Ethereum staking and validation revenue for the three months ended May 31, 2026, representing 98% of total revenue for the quarter, according to its latest 10-Q filing.
The figure marks a dramatic shift from a year earlier, when the company generated just $2 million in total quarterly revenue, primarily from machine leasing. Bitmine has staked approximately 4.9 million ETH, or 85% of its holdings, through its institutional staking platform MAVAN, launched in March 2026.
“Bitmine has staked more ETH than other entities in the world,” Tom Lee, Chairman of Bitmine, said in the company’s July 13 press release. Lee added that at full deployment, projected annualized staking rewards would reach $284 million.
Institutional Tailwinds Meet Stubborn Technical Resistance The weekly price gain coincided with $84.4 million in net inflows into U.S. spot Ethereum ETFs, reversing a prior outflow trend. Bitmine’s accumulation adds to a broader pattern of institutional positioning. The company now holds 4.8% of the total ETH supply and was added to the Russell 1000 large-cap index on June 26.
Its holdings represent the largest public Ethereum treasury, ranking second globally behind Strategy’s Bitcoin reserves. Bitmine’s staking yield of 2.70% annualized generates revenue that its Bitcoin self-mining operations ($624,000) and consulting ($168,000) cannot match.
Price Gains Lack Broad Technical Confirmation Despite the weekly rally, ETH remains below all major weekly moving averages. The MA-20 sits at $2,009.48, the MA-50 at $2,868.76, and the MA-200 at $2,475.43, according to Traders Union analysis. The weekly RSI, CCI, and MACD all indicate bearish momentum, while the Stochastic RSI tilts toward overbought territory.
Bear Power confirms seller dominance, and the Awesome Oscillator shows no bullish reversal signal. That technical picture suggests the 8.23% gain could face exhaustion rather than continuation, even as institutional flows remain positive.
Bitmine’s accumulation model mirrors what Strategy has done for Bitcoin, but with a staking income component that Bitcoin lacks. At current prices, Bitmine’s 5.77 million ETH is worth approximately $10.8 billion.
The company acquired 27,801 ETH in the most recent reporting week alone, maintaining the pace set under its “Alchemy of 5%” initiative, which targets ownership of 5% of all ETH by the end of 2026. Bitmine is currently at 4.8% of the total supply.
The Ethereum Foundation separately reorganized its privacy task force into EthSystems, a for-profit entity designed to deliver privacy and compliance solutions for institutional users, adding another layer to the ecosystem’s enterprise push.
Analysts expect ETH to trade in a range of $1,790 to $1,960 over the next seven days, with less than a 20% probability of sustained upside. A decisive break above $1,960 would challenge the bearish technical consensus. Bitmine’s next weekly holdings disclosure, due around July 20, will show whether the company continued accumulating through the rally or paused near resistance levels.
The cryptocurrency ETF complex is absorbing capital with a consistency that market veterans rarely see outside of commodity bull cycles. On July 14, spot Bitcoin ETFs hoovered up $181 million in net inflows, and in a rare clean sweep, all ten spot Ethereum ETFs ended the session in positive territory—no outflows anywhere. The combined haul of roughly $239 million, based on the original report citing SoSoValue data, is not just another data point. It’s a signal that institutional positioning in digital assets is broadening beyond a single-asset bet.
That absence of outflows on the Ethereum side matters. Since their launch, spot ETH products have endured mixed flows, partly because the Ethereum narrative is harder to distill into a one-line pitch. But a day with zero redemptions across the entire suite suggests sentiment is firming. Traders who rebalanced out of Bitcoin into Ethereum in recent weeks may now be holding, rather than rotating quickly. And the Bitcoin number, while not unprecedented, reinforces a pattern: every dip is being bought by someone with a longer time horizon.
The flow data arrives in a month where traditional finance’s engagement with crypto is becoming harder to dismiss as cyclical noise. Just days ago, Bullish bought Equiniti for $4.2 billion and Ondo settled the first live tokenized Treasury trade with JPMorgan, while on-chain real-world assets crossed $20 billion. ETF inflows are part of the same structural shift: institutions want exposure, and they are routing demand through regulated wrappers because it reduces compliance friction.
Why Zero Outflows on Ethereum ETFs Is a Tightening Signal Days with no Ethereum ETF outflows are unusual. They hint at a market where sellers are either exhausted or unwilling to part with positions at current prices. That is not necessarily a bullish price call; it is a liquidity signal. When supply thins, even modest incremental demand can move price more violently. Ethereum’s recent developer activity also provides a fundamental floor. According to BlockchainReporter’s analysis, Ethereum, BNB Chain, and Polygon still lead blockchain developer activity, which means the ecosystem’s brain trust is not leaving.
What Makes These Flows Different Now Earlier ETF inflow waves were often tied to momentum trading. The current wave feels stickier. Advisors are placing crypto in model portfolios; pension consultants are no longer rejecting it outright in every RFP. The July 14 data shows no single fund dominated the Bitcoin inflows disproportionately, which suggests distribution across multiple products. That is more consistent with broad platform inflows than with a handful of large traders placing tactical bets.
Regulation is still the wild card. The crypto bill that passed the House is now facing a make-or-break moment in the Senate, with banks pushing hard to alter key provisions four days before the vote. If the framework collapses, ETF issuers will face continued ambiguity around custody and capital treatment. That uncertainty is the main counterweight to the flow picture.
What We Don’t Know Yet Flow numbers are backward-looking. They tell you what happened, not what will happen. A single day of zero outflows on Ethereum ETFs does not mean the product line is permanently stable. Macro liquidity, yen carry trade risks, and the Treasury’s quarterly refunding announcement could all override crypto-specific sentiment within hours. Still, the market is pricing in something durable. When Bitcoin ETF inflows hold above $150 million on a nonevent day and Ethereum ETFs print no redemptions, the default assumption among professional traders shifts from u201cthis is a beta play on risk appetiteu201d to u201cthere is actual separate demand for these assets.u201d
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.
$45.8 Billion In Market Losses Wiped Out Every Dollar Of New MoneyBlackRock attracted $15.1 billion in fresh crypto capital over 12 months, but $45.8 billion in market depreciation overwhelmed every dollar of those inflows, shrinking the business from $79.6 billion to $48.8 billion.
The second quarter made things worse.
What Does BlackRock’s Broader Business Look Like?Crypto was the one weak spot in an otherwise record quarter.
BlackRock posted $15.3 trillion in total assets under management after attracting $192 billion in net inflows, beating Wall Street expectations with adjusted earnings per share of $13.91 on $7.08 billion in revenue.
Crypto currently generates $40 million in base fees and securities lending, less than 1% of total fee revenue.
BlackRock is targeting $500 million in annual crypto revenue by 2030, a more than tenfold increase from today.
What Is BlackRock’s Long-Term Crypto Bet?Chief Financial Officer Martin Small pointed to 5 billion crypto wallets as a new distribution channel for traditional investment products.
“We want to build a digital wallet native asset manager,” Small said on the earnings call.
Where Does BLK Stand Technically?BLK trades at $1,094.68, sitting 7.9% above its 20-day SMA at $1,012.78 and 3.1% above its 200-day SMA at $1,059.81.
MACD sits above its signal line with a positive histogram, pointing to improving momentum after the earnings pop.
Key levels for BLK $1,107.50 — resistance just above current price where the rally may stall $1,030.00 — support near the 50-day SMA, first line of defense on any pullback Image: Shutterstock
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English繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañol Ethereum subió un 8,23% durante la última semana y se negoció a $1.874,61 al 15 de julio, mientras que el mayor tenedor corporativo de ETH, Bitmine Immersion Technologies, reveló que sus tenencias alcanzaron los 5,77 millones de tokens, según un comunicado de prensa del 13 de julio. El total de las tenencias en criptomonedas y efectivo de la compañía asciende ahora a $11.300 millones.
$45,7M en ingresos por staking impulsan el giro de Bitmine Bitmine reportó $45,7 millones en ingresos por staking y validación de Ethereum durante los tres meses finalizados el 31 de mayo de 2026, lo que representa el 98% de los ingresos totales del trimestre, según su más reciente informe 10-Q.
La cifra marca un cambio drástico respecto a un año antes, cuando la compañía generó apenas $2 millones en ingresos totales trimestrales, principalmente por arrendamiento de equipos. Bitmine ha puesto en staking aproximadamente 4,9 millones de ETH, o el 85% de sus tenencias, a través de su plataforma institucional de staking MAVAN, lanzada en marzo de 2026.
«Bitmine ha puesto en staking más ETH que cualquier otra entidad en el mundo», declaró Tom Lee, presidente de Bitmine, en el comunicado de prensa del 13 de julio de la compañía. Lee agregó que, en despliegue total, las recompensas de staking anualizadas proyectadas alcanzarían los $284 millones.
Vientos favorables institucionales chocan con una resistencia técnica persistente La ganancia semanal de precio coincidió con $84,4 millones en entradas netas hacia los ETF spot de Ethereum en EE.UU., revirtiendo una tendencia previa de salidas. La acumulación de Bitmine se suma a un patrón más amplio de posicionamiento institucional. La compañía posee ahora el 4,8% de la oferta total de ETH y fue incorporada al índice de gran capitalización Russell 1000 el 26 de junio.
Sus tenencias representan la mayor tesorería pública de Ethereum, ocupando el segundo lugar a nivel mundial detrás de las reservas de Bitcoin de Strategy. El rendimiento por staking de Bitmine, del 2,70% anualizado, genera ingresos que sus operaciones de autominería de Bitcoin ($624.000) y consultoría ($168.000) no pueden igualar.
Las ganancias de precio carecen de confirmación técnica amplia A pesar del repunte semanal, ETH permanece por debajo de todas las principales medias móviles semanales. La MA-20 se ubica en $2.009,48, la MA-50 en $2.868,76 y la MA-200 en $2.475,43, según el análisis de Traders Union. El RSI, el CCI y el MACD semanales indican todos un impulso bajista, mientras que el Stochastic RSI se inclina hacia territorio de sobrecompra.
El Bear Power confirma el dominio de los vendedores, y el Awesome Oscillator no muestra señal alguna de reversión alcista. Ese panorama técnico sugiere que la ganancia del 8,23% podría agotarse en lugar de continuar, incluso mientras los flujos institucionales se mantienen positivos.
El modelo de acumulación de Bitmine refleja lo que Strategy ha hecho con Bitcoin, pero con un componente de ingresos por staking que Bitcoin no posee. A los precios actuales, los 5,77 millones de ETH de Bitmine tienen un valor aproximado de $10.800 millones.
La compañía adquirió 27.801 ETH solo en la semana de reporte más reciente, manteniendo el ritmo establecido bajo su iniciativa «Alchemy of 5%», que apunta a poseer el 5% de todo el ETH para finales de 2026. Bitmine se encuentra actualmente en el 4,8% de la oferta total.
La Ethereum Foundation reorganizó por separado su grupo de trabajo de privacidad en EthSystems, una entidad con fines de lucro diseñada para ofrecer soluciones de privacidad y cumplimiento normativo para usuarios institucionales, sumando otra capa al impulso empresarial del ecosistema.
Los analistas esperan que ETH cotice en un rango de $1.790 a $1.960 durante los próximos siete días, con una probabilidad inferior al 20% de un alza sostenida. Una ruptura decisiva por encima de $1.960 desafiaría el consenso técnico bajista. La próxima divulgación semanal de tenencias de Bitmine, prevista para alrededor del 20 de julio, mostrará si la compañía continuó acumulando durante el repunte o hizo una pausa cerca de los niveles de resistencia.
English繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañol Ethereum ha guadagnato l’8,23% nell’ultima settimana, attestandosi a 1.874,61 dollari al 15 luglio, mentre il maggiore detentore corporate di ETH, Bitmine Immersion Technologies, ha dichiarato che le sue riserve hanno raggiunto 5,77 milioni di token, secondo un comunicato stampa del 13 luglio. Le riserve totali in criptovalute e liquidità dell’azienda si attestano ora a 11,3 miliardi di dollari.
45,7 milioni di dollari di ricavi da staking guidano la svolta di Bitmine Bitmine ha riportato 45,7 milioni di dollari di ricavi da staking e validazione di Ethereum per i tre mesi terminati il 31 maggio 2026, pari al 98% dei ricavi totali del trimestre, secondo il suo ultimo modulo 10-Q.
Il dato segna un cambiamento drastico rispetto a un anno prima, quando l’azienda aveva generato appena 2 milioni di dollari di ricavi trimestrali totali, principalmente dal leasing di macchinari. Bitmine ha messo in staking circa 4,9 milioni di ETH, ovvero l’85% delle sue riserve, tramite la sua piattaforma di staking istituzionale MAVAN, lanciata nel marzo 2026.
“Bitmine ha messo in staking più ETH di qualsiasi altra entità al mondo”, ha dichiarato Tom Lee, presidente di Bitmine, nel comunicato stampa dell’azienda del 13 luglio. Lee ha aggiunto che, a piena implementazione, le ricompense annualizzate previste da staking raggiungerebbero i 284 milioni di dollari.
I venti favorevoli istituzionali incontrano una resistenza tecnica ostinata Il guadagno settimanale dei prezzi ha coinciso con 84,4 milioni di dollari di afflussi netti negli ETF spot su Ethereum statunitensi, invertendo un precedente trend di deflussi. L’accumulo di Bitmine si aggiunge a un più ampio schema di posizionamento istituzionale. L’azienda detiene ora il 4,8% dell’offerta totale di ETH ed è stata inclusa nell’indice large-cap Russell 1000 il 26 giugno.
Le sue riserve rappresentano la più grande tesoreria pubblica in Ethereum, classificandosi al secondo posto a livello globale dietro le riserve di Bitcoin di Strategy. Il rendimento da staking di Bitmine, pari al 2,70% annualizzato, genera ricavi che le sue operazioni di self-mining su Bitcoin (624.000 dollari) e di consulenza (168.000 dollari) non possono eguagliare.
I guadagni di prezzo non trovano ampia conferma tecnica Nonostante il rally settimanale, ETH resta al di sotto di tutte le principali medie mobili settimanali. La MA-20 si trova a 2.009,48 dollari, la MA-50 a 2.868,76 dollari e la MA-200 a 2.475,43 dollari, secondo l’analisi di Traders Union. L’RSI, il CCI e il MACD settimanali indicano tutti un momentum ribassista, mentre lo Stochastic RSI si inclina verso il territorio di ipercomprato.
Il Bear Power confirma il predominio dei venditori, e l’Awesome Oscillator non mostra alcun segnale di inversione rialzista. Questo quadro tecnico suggerisce che il guadagno dell’8,23% potrebbe esaurirsi piuttosto che proseguire, anche se i flussi istituzionali restano positivi.
Il modello di accumulo di Bitmine riflette quanto fatto da Strategy per Bitcoin, ma con una componente di reddito da staking che Bitcoin non possiede. Ai prezzi attuali, i 5,77 milioni di ETH di Bitmine valgono circa 10,8 miliardi di dollari.
L’azienda ha acquisito 27.801 ETH solo nell’ultima settimana di rendicontazione, mantenendo il ritmo fissato dalla sua iniziativa “Alchemy of 5%”, che punta al possesso del 5% di tutto l’ETH entro la fine del 2026. Bitmine si trova attualmente al 4,8% dell’offerta totale.
L’Ethereum Foundation ha inoltre riorganizzato la propria task force sulla privacy in EthSystems, un’entità a scopo di lucro pensata per fornire soluzioni di privacy e conformità agli utenti istituzionali, aggiungendo un ulteriore livello alla spinta enterprise dell’ecosistema.
Gli analisti si aspettano che ETH tratti in un range compreso tra 1.790 e 1.960 dollari nei prossimi sette giorni, con una probabilità inferiore al 20% di un rialzo sostenuto. Una rottura decisiva sopra 1.960 dollari metterebbe in discussione il consenso tecnico ribassista. La prossima comunicazione settimanale delle riserve di Bitmine, prevista attorno al 20 luglio, mostrerà se l’azienda ha continuato ad accumulare durante il rally o si è fermata in prossimità dei livelli di resistenza.
Ethereum is preparing what many developers call its biggest upgrade since The Merge, the 2022 change that moved the network from proof-of-work to proof-of-stake consensus mechanism.
For context, The Merge was Ethereum's September 2022 switch from crypto mining (proof-of-work) to a system called proof-of-stake, where users lock up ETH to secure the network instead of running power-hungry computers. It cut Ethereum's energy use by more than 99% overnight, one of the largest efficiency gains in the history of computing.
The latest upgrade called Glamsterdam will be activated in the second half of 2026 and aims to make the blockchain itself faster and cheaper. The name blends "Gloas," the consensus-layer component, with "Amsterdam," the execution-layer component, following Ethereum's tradition of pairing a star name with a past Devconnect host city.
What is actually changingGlamsterdam makes two changes to how Ethereum handles transactions.
It changes who controls the order. Every few seconds, Ethereum bundles transactions into a "block." Right now, a small group of specialist firms decides what goes into each block and in what order, and they route those blocks to the network through middlemen. That hands a few players the power to reorder transactions in ways that cost ordinary users money.
Glamsterdam builds a fairer process into Ethereum's own rules: whoever approves a block can no longer see or rearrange what's inside it, and the contents stay hidden until the block is final. Fewer middlemen, less room to game the order. This proposal is called enshrined proposer-builder separation, or ePBS (EIP-7732).
How Glamsterdam changes transaction ordering and processing. Graphic: TheStreet / Roundtable.
And it lets Ethereum do more at once. Today the network mostly processes transactions one after another. The upgrade lets it spot transactions that don't affect each other and handle them at the same time —think of it like opening extra checkout lanes instead of forcing everyone through one. More lanes means more transactions per block without pushing fees up. This change is known as Block-Level Access Lists (EIP-7928).
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Why this matters for DeFiFor anyone who trades on Ethereum, the ePBS change is the one to watch, because it targets a hidden cost baked into how the network runs today.
"Ethereum's Glamsterdam, viewed by many as Ethereum's most significant upgrade since The Merge, reworks how blocks are built so transactions can run in parallel, raising capacity without sending fees up," said Holly Atkinson, Chief Product and Technology Officer at 1inch, a decentralized trading platform.
The problem ePBS is built to fix sits in plain sight. As Atkinson explains it:
"Most validators don't build their own blocks. They outsource it to a handful of specialized builders through off-protocol, closed-source middleware (relays/MEV-Boost). Those builders see pending transactions and order them to extract value. For an ordinary user this shows up concretely as MEV on token trades, censorship/inclusion risk, and concentration risk."
MEV, short for maximal extractable value, is essentially how insiders skim value from ordinary trades, and it usually reaches users as a worse price when they trade on a decentralized exchange or run a token swap. ePBS, Atkinson said, "shifts control away from a small group of off-chain builders back to the protocol that actually custodies your ETH and tokens," and 1inch "already protects users from MEV impact by default." She called the upgrade "a credible step toward scaling L1 itself, not just via rollups, that reduces reliance on centralized block builders."
1inch is a decentralized trading platform that aggregates liquidity across more than a dozen blockchain networks, helping users find the best price for a swap while keeping custody of their own funds throughout the trade.
An upgrade a frustrated community has been demandingGlamsterdam arrives at a tense moment for the people who steward Ethereum.
For much of the past year, the Ethereum Foundation, the nonprofit that guides the network's development, has faced sustained criticism that it leaned too heavily on Layer-2 networks while letting the base layer stagnate.
Critics argued that pushing activity and fees onto rollups weakened ETH's own investment case, and that the Foundation put ideology ahead of competitiveness as rival blockchains gained ground. Prominent voices, including researcher Dankrad Feist and journalist Laura Shin, pressed versions of that complaint.
The pressure produced the most significant reorganization in the Foundation's history: a run of high-profile departures that some in the community called a brain drain, a leadership reshuffle, and a slimmed-down mandate. Even Ethereum co-founder Vitalik Buterin publicly questioned whether many of today's Layer-2s still fit the network's model.
Ethereum's price has not reflected much of that ambition. ETH traded around $1,879 on Wednesday morning, up roughly 5% on the day but still down about 40% from a year earlier, when it changed hands near $3,140. It remains far below its all-time high of nearly $5,000, set in August 2025.
The Ethereum (ETH) price broke out of a descending trendline that had capped it since the all-time high, while futures open interest climbed to $19.8 billion. ETH trades near $1,928, up 5.2% in the last 24 hours.
Derivatives positioning, liquidation data, and long-term chart structure now point in the same bullish direction. However, one missing ingredient still keeps the breakout unconfirmed.
Futures Traders Return as Open Interest Nears $20 BillionGlassnode data shows Ethereum futures open interest across all exchanges spiked to $19.8 billion on July 14. That is the highest reading since June 3, when a market-wide deleveraging event reset positioning.
Open interest measures the total value of outstanding futures contracts. Rising open interest alongside a rising price suggests new capital is entering the market rather than shorts simply covering.
ETH Open Interest. Source: GlassnodeThe metric had collapsed to approximately $15.5 billion in late June. Its sharp recovery indicates traders are returning to ETH derivatives with conviction. Elevated positive funding on Ethereum supports the same reading.
Whale trader Machi Big Brother reportedly opened a $24.3 million ETH long at 25x leverage, with liquidation set at $1,833.
A drop back below the June range would flip this signal and suggest the new positioning was short-lived.
Long Liquidations at a Yearly Low of 4% Point to a Short SqueezeThe composition of recent liquidations strengthens the bullish case. Ethereum futures long liquidations dominance fell to 4%, its lowest level in a year, according to Glassnode.
In plain terms, only 4% of liquidated positions were longs. The remaining 96% were short traders forced out as the price pushed higher.
ETH Long Liquidations Dominance. Source: GlassnodeStill, squeeze-driven rallies carry a caveat. Forced short covering can exaggerate upside moves, as the June 3 liquidations cascaded to exaggerate the downside. Spot demand must follow for the move to hold.
A return of dominance above 50% would indicate that longs are absorbing damage again and would weaken the momentum signal.
Ethereum Price Holds the Trendline From the 2022 BottomThe weekly chart shows why the current level matters so much. An ascending trendline drawn from the June 2022 bottom, respected throughout the previous bull market, held near $1,600 once again.
The bounce also occurred inside a long-term green demand zone that has served as support four times since early 2023. Moreover, the area coincides with the 0.786 Fibonacci retracement of the entire cycle at $1,754.
ETH weekly chart. Source: TradingviewThis triple confluence of trendline, horizontal support, and Fibonacci level makes the zone a structural line in the sand. The next major resistance sits far above, at the 0.618 Fibonacci retracement of $2,438.
ETH Price Prediction as the $2,000 Test LoomsOn the daily chart, Monday’s 6.5% green candle broke above a descending trendline in place since the all-time high. That line had rejected the ETH price five times before this breakout.
ETH daily chart. Source: TradingviewThe daily Relative Strength Index (RSI) confirms the shift in momentum. It broke out of its own descending trendline, drawn from July 2025, and now sits just below 65.
ETH daily RSI chart. Source: TradingviewOne warning sign remains. Volume has been declining during the recovery, so the breakout lacks confirmation from participation. Analysts watching the ETH/BTC ratio see early signs of a broader Ethereum comeback that could fill the missing demand.
Immediate resistance lies between $1,900 and $2,000. A confirmed daily close above that zone on rising volume could open the way toward $2,438, nearly 30% above the current price.
On the downside, $1,754 is the critical support. Losing it would expose the trendline near $1,600, and a weekly close below that level would invalidate the bullish structure entirely.
Either volume arrives to validate the breakout, or ETH returns to the zone that has saved it four times already.
Bitmine Immersion Technologies is not buying Ethereum in small, cautious increments. The NYSE-listed firm, chaired by Fundstrat co-founder Tom Lee, has purchased an additional 6,000 ETH for roughly $11.18 million, part of a broader accumulation week that added 27,801 ETH to its balance sheet.
That brings total holdings to 5,770,038 ETH as of July 12, 2026, a number that represents 4.8% of Ethereum’s entire circulating supply of approximately 120.7 million tokens.
The scale of what Bitmine is doing here The company has a self-declared goal it calls the “Alchemy of 5%”, targeting ownership of 5% of the total ETH supply by the end of 2026. At 4.8%, it is close enough to smell the finish line.
Bitmine’s total asset base sits at approximately $11.3 billion, which includes 206 BTC and $482 million in cash and marketable securities alongside the ETH stack. The ETH was priced at roughly $1,820 per token at the time of the latest accumulation figures.
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The firm closed a $273.8 million Series A Preferred Stock offering on June 10, 2026, which funded a meaningful portion of the accumulation strategy. ARK Invest’s Cathie Wood is among the institutional backers.
Bitmine was also added to the Russell 1000 index on June 26, 2026, a milestone that forces passive index funds to buy the stock and expands the firm’s investor base significantly.
Staking turns the ETH pile into a yield engine Bitmine has fully staked 4,917,189 ETH through its proprietary MAVAN platform, earning annualized yields of approximately 2.70%.
At that rate, the staking operation generates expected annualized revenues of $242 million. The ETH holdings are not just sitting there appreciating or depreciating with market conditions — they are actively producing income.
Why Robinhood Chain matters to this thesis Tom Lee flagged the July 1, 2026 launch of Robinhood Chain, a Layer 2 network built on Arbitrum, as a relevant data point for the firm’s Ethereum conviction.
The network processed over $1 billion in transaction volume using ETH shortly after launch. That matters because every transaction on an Ethereum L2 that uses ETH for fees is a small incremental demand signal for the underlying asset Bitmine has accumulated in enormous quantity.
What this means for the broader market Bitmine’s accumulation pace is large enough to have actual supply implications. Locking 4.9 million ETH in staking contracts removes those tokens from liquid circulation, which tightens the available float for trading.
The $273.8 million capital raise was designed specifically to fund further accumulation. The risks are also not small. A sustained ETH price decline compresses the dollar value of the treasury rapidly, given the size of the position. Staking yields provide a partial cushion, but they do not fully offset a meaningful drawdown in ETH price. Regulatory treatment of large-scale staking operations remains an open question in multiple jurisdictions, and any adverse ruling on whether staking rewards constitute securities income could affect the economics of the MAVAN platform.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum entered the U.S. inflation release with bullish momentum already building as buyers defended higher lows following its recovery from June’s weakness. That momentum strengthened after headline CPI slowed to 3.5%, below the 3.8% forecast and 4.2% prior reading.
Source: Trading Economics The data weakened the Dollar Index and eased Treasury yields, encouraging fresh demand for risk assets. Binance then recorded more than $1.2 billion in Ethereum [ETH] taker buy volume, accelerating the existing advance and lifting Ethereum toward the $1,895 zone.
Rather than sparking a new trend, the inflation surprise reinforced the ongoing recovery, suggesting macro conditions strengthened buyers’ conviction even as Bitcoin continued attracting the larger share of risk capital.
Source: Darkfost on X Yet the rally soon lost momentum as Bitcoin attracted stronger relative demand and early buyers locked in profits. That divergence suggests traders welcomed improving macro conditions but still preferred Bitcoin [BTC] as the market’s primary macro hedge.
That shift left Ethereum’s advance dependent on broader capital rotation rather than the CPI surprise alone.
Institutional accumulation tightens Ethereum’s supply The macro-driven rebound has drawn attention back to Ethereum, yet institutional positioning had already started shifting before the latest rally.
Over the past two weeks, exchange withdrawals culminated in a 90,024 ETH net outflow on 13 July. In addition to that, average seven-day net flows remained negative at roughly 5,000–15,000 ETH per day.
Source: CryptoQuant As a result of the consistent movement of assets off exchanges, the steady migration reduced Exchange Reserves to approximately 15.3 million ETH, with over 33% of the circulating supply now held off exchanges through staking, DeFi, and institutional custody.
Source: CryptoQuant The metrics show that institutions are buying up liquid supply rather than speculative enthusiasm.
Yet, it appears retail participation is still low. As a result, there is less of a potential for an immediate sell-off due to institutions taking supply off the open market.
This further reinforces Ethereum’s long-term structural position within the market. Needless to say, it continues supporting the thesis that Ethereum will remain volatile for the short term but will ultimately strengthen long term.
Final Summary Ethereum [ETH] rallied on easing U.S. inflation, but the move lacked follow-through beyond the initial macro-driven buying. Ethereum exchange outflows and institutional accumulation continue tightening supply despite subdued retail participation.
Dogecoin is showing early signs of reversing its recent decline, breaking out of a short-term downtrend while holding a key weekly price zone linked to previous market bottoms. The memecoin, which first launched in 2013 as a playful alternative to Bitcoin, is currently positioned at a crucial technical level as traders watch for confirmation of a broader recovery.
Dogecoin signals breakout with double-bottom patternTrader Tardigrade, a widely followed cryptocurrency analyst, reported that Dogecoin has moved above a descending trendline that had capped its price since May. This breakout coincides with a double-bottom formation near the $0.07 mark, which is often viewed by technical traders as an early indication that sellers may be losing control.
A comparison between Dogecoin’s price action at its May peak and its recent base shows the earlier cycle was defined by two successive highs before a sharp pullback. In contrast, the current setup reveals two dips around the same support, reinforcing the potential for a bullish reversal if the pattern holds.
Maintaining the breakout above the trendline and establishing a higher low remain necessary steps for a durable recovery. If Dogecoin can successfully retest the breakout level, traders point to the $0.075-$0.079 range as a likely area for near-term resistance, followed by a more significant test near $0.084.
Dogecoin has broken its downtrend for the first time since May, and a clear double-bottom near $0.07 indicates early signs of trend reversal. Holding above the trendline and reclaiming the $0.09-$0.10 range remain crucial for confirmation.
If Dogecoin slips back below the trendline and loses the $0.07 support, the bullish thesis would weaken. In that case, the attempted reversal could lose momentum, extending the period of sideways movement or prompting further declines.
Key accumulation zone supports bullish caseDogecoin continues to trade near a major weekly accumulation zone centered around $0.07. This band, historically linked to the coin’s previous cycle bottoms, has once again emerged as a critical area where buyers appear willing to defend against further losses.
Technical analysis highlights a broader demand zone stretching from $0.05 to $0.08. During past cycles, Dogecoin approached this level before starting significant recoveries, drawing attention from market participants to its recent resilience in the same region.
Remaining above this accumulation zone, however, is only the first step. Dogecoin must still demonstrate a series of higher weekly lows and break through resistance at $0.09-$0.10 for evidence to build that buyer control is returning. Sustained price action above this range could draw attention toward the $0.15 and $0.20 levels, which were previously active during earlier phases of bullish momentum.
Key LevelSupport/ResistanceSignificance$0.05 – $0.08SupportHistorical demand, links to earlier market bottoms$0.07SupportCurrent accumulation zone$0.075 – $0.079ResistanceShort-term recovery target$0.09 – $0.10ResistanceKey breakout confirmation area$0.15, $0.20Potential ResistanceMedium-term targets if trend reversal holdsIf Dogecoin closes below the accumulation zone and fails to rebound quickly, technical signals suggest the market may not have established a stable bottom. In this scenario, continued consolidation or further decline could follow, underscoring the need for confirmation before a major trend reversal is declared.
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.
Dogecoin Reclaims $0.073 As Meme Traders Look For A Cleaner Rebound 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.
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TL;DR Dogecoin is back on traders’ screens after a fresh technical chart update.Dogecoin price recovery testing key moving averages matches broader meme market volume spikes.The X chart source should be treated as market analysis, not as guaranteed price direction. https://x.com/doge_trader/status/2075677386528481330
The Bigger Picture Price action here is useful only when it is tied to a real catalyst, liquidity shift, or visible positioning change rather than a standalone candle. 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.
Embed the exact X chart analysis link immediately post TL;DR. 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 Dogecoin Price 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 this is a chart-led X/social item, the source should be treated as market analysis. It can help frame trader behaviour, but it should not be confused with an official protocol or company announcement.
Why It Is Not Just A One-Day Headline 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.
Dogecoin price stories require a lighter but careful touch. Social momentum matters, but the cleaner angle is always where the chart, liquidity, and broader risk appetite line up.
The Bottom Line For now, the story gives the market one more piece of evidence about where Dogecoin Price 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 the X chart post.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin crossed $65,000 on Wednesday, with the Crypto Fear & Greed Index improving to 35 as prices rebounded.
Notable Statistics:
Coinglass data shows 79,273 traders were liquidated in the past 24 hours for $323.30 million. SoSoValue data shows net inflows of $181.08 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $58.3 million. In the past 24 hours, top gainers include Pump.fun, Virtuals Protocol and ether.fi. Notable Developments:
Trader Notes:
Trader Jelle noted that Bitcoin briefly swept below recent lows in a deviation move but has since reclaimed key levels. The analyst says holding above $63,000 could pave the way for a recovery, potentially retracing part of the sharp decline seen earlier this year. He maintains a long-term strategy of dollar-cost averaging (DCA) throughout the summer.
Crypto analyst Benjamin Cowen explained Bitcoin continues to trade between the Bear Market Resistance Band and the 200W SMA, with neither side gaining a decisive advantage.
The analyst expects this range-bound price action to continue for another one to two months, until a sustained breakout or breakdown occurs.
Daan Crypto Trades says Bitcoin must hold the current green support zone to preserve its bullish momentum and breakout structure. Key liquidity targets lie at $65,600 and, more importantly, $67,200.
A sustained move above $67,200 could trigger a stronger rally toward $70,000+, positioning Bitcoin back in the middle of its broader $60,000–$80,000 trading range.
Image: Shutterstock
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Crypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days it is infrastructure. Cardano Foundation Takes Over Token2049 Hosting Rights From EMURGO sits inside that mix, and it gives readers a useful snapshot of where attention is moving today.
For more details, visit the official Cardanofoundation platform.
TL;DR Cardano Foundation Takes Over Token2049 Hosting Rights From EMURGO is the main story for Cardano today.Cardano Foundation taking hosting rights for major ecosystem events updates project marketing responsibility lanes.The cleaner read is to focus on what Cardano Foundation actually shows, not to overstate what the update proves. Why The Source Matters Cardano stories are often really governance and execution stories, with the market watching whether roadmap promises keep turning into usable delivery. 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.
Cite the scheduled timeframe for Cardano events at Token2049. 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 Cardano 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 Cardano Foundation, which is a cleaner starting point than relying on second-hand summaries or social chatter.
The Cleaner Way To Read It 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.
Cardano’s ecosystem remains heavily tied to governance, development delivery, and community confidence. Updates around events, roadmap ownership, or technical direction can matter even when they do not immediately move ADA.
The Bottom Line For now, the story gives the market one more piece of evidence about where Cardano 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 Cardano Foundation.
This article was written by the News Desk and edited by Samuel Rae.
In 2024, identity verification provider AU10TIX, which provided services to companies like TikTok and Uber, was found to have exposed drivers' licenses to hackers for over a year. In 2025, the age-verification systems provider for the social media site Discord was breached, exposing potentially 70,000 users' government IDs. In 2026, the lesson should already be clear that once age verification depends on vendors and stored identity data, a safety system can become a breach vector.
And the rise of AI is only accelerating these risks, making hacks faster and the resulting damage easier to inflict.
This is the backdrop against which the U.S. House passed the Kids Internet and Digital Safety (KIDS) Act on June 29th, a sprawling package built around the Kids Online Safety Act (KOSA), 267-117. The bill now sits in the Senate, where KOSA's own authors, Democrat Richard Blumenthal and Republican Marsha Blackburn, resoundingly rejected the House version and are pushing a tougher one, in part by tying it to federal preemption of state AI laws. A Senate Commerce Committee markup is expected this month. Whatever emerges from that process will shape how identity works online for years.
The intent is to protect minors. The risk is that the mechanism protecting them requires building a much larger surveillance apparatus than anyone campaigning for it admits.
Frederik Gregaard is the CEO of the Cardano Foundation, the Swiss-based non-profit organization that exists to ensure the advancement of the Cardano protocol.
KIDS doesn't mandate age verification outright, because it doesn't have to. Making platforms liable for harm to minors who access their services gives companies a simple risk calculus. Either you verify age, or accept the legal exposure of not knowing who's a minor. Liability without a verification mandate still produces verification. That's the mechanism, and it's worth naming explicitly, because "there's no explicit age check in the bill" is a technically true defense that misses how the incentive actually works in practice.
Once disclosure becomes the price of access, the information dragnet tends to expand. A tool built to confirm someone is old enough becomes a tool that confirms who they are, and a database built to prevent liability becomes just a liability – one more repository of identification data waiting for the next AU10TIX-style breach.
But if a platform only needs to know that a user is old enough, it should not require a full identity file or other data it may use as a proxy for age. If a service only needs to reduce exposure to harmful content, there is no need to build a database that can later be repurposed. These distinctions, however small, matter.
In Utah, which passed State-Endorsed Digital Identity (SEDI) legislation, Cardano Foundation-built Veridian has already shown that digital identity can be delivered in a privacy-preserving way, allowing users to prove that they are over or under a specific age without exposing any other data. It’s a working model of what responsible verification can look like and shows trust does not require unnecessary disclosure. Privacy can be designed into the system from the start.
That is the standard bills like KIDS or KOSA should favor.
If the goal is to protect children, the tools should be narrow, purposeful, and minimally invasive. Broad mandates that push every platform toward more data, more retention, and greater dependence on identity are too blunt and risk creating a multitude of other problems alongside the ones they claim to solve.
A better approach is straightforward. Build for data minimization, limit retention, and use privacy-preserving verification where verification is truly needed. If digital trust can be established without exposing personal data, lawmakers should prefer that path. If safety can be improved without turning the internet into an identity checkpoint, that should be the only option.
Children deserve protection online. But they do not need a policy framework that makes everyone more visible in order to make the internet, and the companies that thrive on it, more accountable.
The right standard is simpler: protect minors, limit data, preserve privacy, and build trust without unnecessary disclosure.
That should be the test for KIDS, because you can build safety without surveillance.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
"I expect the parabolic rally to begin," one analyst stated.
Cardano’s native token has experienced heightened volatility lately, but the bulls eventually prevailed and decisively pushed the price above the June lows.
Certain analysts believe ADA is poised for a much more substantial short-term upswing, and recent whale activity supports that scenario.
Parabolic Rally on the Way? The recent US CPI data, which revealed that inflation in America has cooled off more than previously expected, has given the crypto market a much-needed boost. ADA caught the green wave, with its price climbing by 3.5% over the past 24 hours and currently trading at approximately $0.17.
ADA Price, Source: CoinGecko Another element that may have propelled the asset’s resurgence is the recent formation of an inverse head-and-shoulders pattern on its chart, as X user CryptoJack noted. The setup consists of three lows: a left shoulder, a deeper head, and a right shoulder, which usually indicates that sellers are weakening and buyers are taking control.
According to Celal Kucuker, ADA could be on the verge of a price explosion toward a new all-time high of $5. The analyst believes we have reached the bottom zone and expects the “parabolic” rally to begin.
Whales and More The latest behavior of the large investors reinforces the optimistic price outlook. As CryptoPotato reported, whales holding between 100,000 and 100 million ADA have increased their total possessions to over 25.6 billion coins, while smaller players (wallets owning fewer than 100 units) have reduced their exposure. Together, these factors represent a healthy setup for the token, though they don’t guarantee an immediate price explosion.
Another element that may lift the bulls’ spirits is ADA’s exchange netflow. Over the past weeks, outflows consistently exceeded inflows, suggesting that investors have been shifting from centralized platforms to self-custody methods, thereby reducing immediate selling pressure.
You may also like: Whales Keep Loading Up on Cardano While Retail Dumps ADA Bitcoin (BTC) Starts July Under $60K, Cardano (ADA) Finally Rebounds: Market Watch ADA Faces Heavy Pressure, But Cardano’s On-Chain Data Tells Another Story ADA Exchange Netflow, Source: CoinGlass In contrast, ADA’s Relative Strength Index (RSI) remains a bearish element in the current setup. The technical analysis tool’s ratio has soared past 70, meaning the asset has entered overbought territory and could be due for a pullback in the near future. The index ranges from 0 to 100, and conversely, anything under 30 is considered a buying opportunity.
The arbitration centered on Circle’s decision to suspend Heka Funds’ access to USDC redemptions during the Silicon Valley Bank turmoil. The arbitrator found that Heka failed to disclose the extent of its financial relationship with Tether. Heka’s $49 million damages claim was rejected, while Circle was awarded legal and expert costs. The case highlights the importance of transparency and counterparty risk in institutional stablecoin markets. According to the Financial Times, court filings made public this week shed new light on the private arbitration between Circle and Heka Funds, detailing the events that led the USDC issuer to suspend the fund’s redemption privileges during the 2023 Silicon Valley Bank turmoil.
The filings form part of Circle’s effort to have an arbitration award confirmed after proceedings concluded in February 2026. While the outcome was already known, the supporting documents disclose previously confidential evidence presented during the case.
Circle Raised Concerns Over Heka’s Trading Activity As of the information, Circle became concerned after Heka redeemed unusually large volumes of USDC while the stablecoin temporarily traded below its dollar peg following the collapse of Silicon Valley Bank.
The company argued that the redemptions were not simply an arbitrage strategy. Instead, it alleged the proceeds were being directed toward Tether, strengthening USDT at a time when confidence in USDC had weakened.
A central issue in the arbitration was Heka’s relationship with Tether.
Evidence presented during the proceedings showed:
Tether invested approximately $800 million in Heka, representing about 75% of the fund’s assets. Tether waived certain USDT minting fees for the fund. Circle argued those arrangements should have been disclosed when Heka established its redemption relationship with the company. The USDC issuer maintained that knowledge of Heka’s relationship with Tether would have changed its risk assessment when evaluating the redemption relationship.
Arbitrator Found Heka Acted in Bad Faith Retired judge Robert Dondero, who presided over the arbitration, ruled in Circle’s favor.
According to the decision, Heka intentionally failed to disclose its relationship with Tether despite recognizing that doing so would likely have raised what the arbitrator described as “bells and whistles of concern” within Circle.
The ruling dismissed Heka’s claim for approximately $49 million in lost profits and ordered the fund to reimburse Circle roughly $166,000 in legal and expert fees.
Heka has denied engaging in market manipulation and maintains it has never been the subject of any regulatory investigation. The firm has also argued that Circle’s efforts to make the arbitration filings public are intended to shift attention away from questions surrounding USDC’s handling during the SVB crisis.
The Case Extends Beyond a Contract Dispute While the arbitration focused on contractual obligations rather than allegations of market manipulation, the newly disclosed records provide a rare glimpse into how stablecoin issuers monitored institutional counterparties during one of the sector’s most volatile periods.
The proceedings also illustrate how redemption relationships have become an important risk-management tool for stablecoin issuers. Beyond maintaining reserves, firms increasingly scrutinize who is accessing liquidity and how redeemed funds may affect broader market dynamics.
As the stablecoin market continues to attract greater institutional participation and regulatory oversight, the dispute underscores that transparency, governance and counterparty disclosure are becoming as important as liquidity and market share in competition between major issue
Newly unsealed court documents reveal that stablecoin issuer Circle barred Malta-based crypto investment fund Heka from its platform in late 2023, igniting renewed debate over a potential ban on Tether. Court filings show Circle took action after identifying suspicious trading activity by Heka during the Silicon Valley Bank (SVB) crisis, a period when USDC temporarily lost its one-dollar peg.
Circle details suspicious redemptions amid SVB turmoilCircle, known for developing the USD Coin (USDC) stablecoin, stated that it noticed large and irregular redemptions of USDC after SVB went bankrupt. At that time, USDC traded below parity, and Heka reportedly redeemed significant amounts of USDC to obtain US dollars. The filings indicate that Heka quickly converted the proceeds into Tether’s USDT, enabling USDT to increase its market share as investors sought alternatives during the USDC uncertainty.
Stablecoins serve as key infrastructure in crypto markets, underpinning decentralized finance (DeFi), international payments, and trading platforms. When leading issuers face operational disruptions or regulatory intervention, liquidity can suffer, investor confidence may weaken, and the broader digital asset ecosystem can experience instability.
Circle attributed Heka’s activity to more than just regular arbitrage, stating that these trades appeared designed to exploit rapid price movements and market volatility during the SVB crisis.
Arbitration ruling supports Circle’s restrictionsLegal documents indicate that prior to the disputed events, Heka had invested $800 million through Circle’s platform. Following the restriction, Heka initiated arbitration, arguing that Circle’s actions interfered with its trading strategy and resulted in a loss of nearly $49 million.
The arbitrator ruled in Circle’s favor, determining that Heka had acted in bad faith. Consequently, the court upheld the platform ban and ordered Heka to pay Circle’s legal fees.
Mini dictionary: Circle is a US-based fintech company that issues USD Coin (USDC), a regulated stablecoin pegged to the US dollar and backed by reserves.
Discussion around a potential Tether ban has intensified after the court justified Circle’s measures as necessary for protecting the stability of USDC and preempting market manipulation.
PlatformStablecoinMarket FocusNotable Event (2023)CircleUSDCRegulatory compliance, institutional adoptionUSDC temporarily depegged during SVB crisisTetherUSDTGlobal market dominanceGained share as investors switched from USDCHeka FundUSDC, USDTCrypto investmentBarred by Circle after high-value USDC redemptionsThe case spotlights the growing need for robust surveillance and compliance mechanisms in the stablecoin sector as regulatory scrutiny increases, particularly in the aftermath of significant market disruptions.
Heightened compliance as stablecoin competition tightensThe newly released court materials offer a rare look at the competitive dynamics between Circle and Tether, the leading stablecoin issuers by market capitalization. While Tether’s USDT dominates trading volumes worldwide, USDC has carved a niche among compliance-focused institutional users. The recent ban against Heka underscores how stablecoin rivalry now includes not just pricing competition but also platform restrictions and liquidity management strategies.
Regulatory experts emphasize that disputes such as this highlight the increasing importance of monitoring and compliance in the stablecoin space. Although Tether itself was not directly implicated in the transactions, growing attention from global regulators is prompting exchanges, investors, and issuers to bolster their market surveillance efforts as standards evolve.
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.
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.
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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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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.
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."
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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!
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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 Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
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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SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
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%.
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.
