Cardano has emerged as one of the fastest-growing blockchains for real-world assets (RWAs), reinforcing its expanding role in the rapidly evolving tokenization sector.
According to data shared by the RWA Foundation, citing Token Terminal, Cardano ranked as the fifth fastest-growing blockchain by RWA value over the past 30 days. During the period, the value of tokenized real-world assets on the network surged 23.1% to $55.3 million.
The ranking tracks month-over-month growth in RWA value across leading blockchain ecosystems, providing insight into where tokenized assets are expanding at the fastest pace.
Cardano Outpaces Several Larger RWA Ecosystems Despite hosting a smaller RWA market than several competing networks, Cardano outperformed many established blockchains in terms of growth.
For instance, Avalanche recorded a 22.6% increase, even though it maintains one of the largest RWA ecosystems at $2.5 billion. Sonic followed with 22.1% growth, bringing its RWA value to $124.2 million.
Meanwhile, Fraxtal expanded 18.4% to $39 million, while BNB Chain, which hosts the largest RWA market among the ranked blockchains at $9.2 billion, posted a 16.5% monthly increase. TON completed the top 10 with 6.4% growth, lifting its RWA value to $670.4 million.
Notably, four blockchain networks recorded even stronger monthly RWA growth. Robinhood Chain dominated the rankings with an extraordinary 11,416.2% surge, increasing its RWA value to $323.7 million. Tempo claimed second place with 74.3% growth, followed by Monad at 36.7% and Plume Network at 35.7%.
Cardano Ranks Among Fastest-Growing Blockchains in July Charles Hoskinson Says RWA Could Spur Crypto Growth The real-world asset sector continues to gain momentum as analysts project it could evolve into a multi-trillion-dollar industry over the coming years.
Specifically, Cardano founder Charles Hoskinson has projected that the RWA market could reach $10 trillion by 2030, fueled by the tokenization of traditional financial assets. He expects tokenized real-world assets to account for a substantial share of the crypto industry’s growth before the end of the decade.
Cardano Expands Its Presence in RWA Tokenization As the RWA market grows, Cardano continues to position itself as a key infrastructure provider for asset tokenization.
Recently, the network participated in an initiative involving the London Stock Exchange, which introduced the MCM Fund I from Members Capital Management (MembersCap). While the investment was recorded on the London Stock Exchange’s private blockchain, Archax tokenized the fund on the Cardano blockchain.
Cardano has also continued to strengthen its RWA ecosystem through strategic partnerships. Earlier this year, Kinka partnered with EMURGO to issue gold-backed tokens on Cardano. In addition, EMURGO collaborated with compliant tokenization platforms, including Haus, OpenEden, and DigiFT, to bring tokenized assets such as private credit, U.S. government bonds, and insurance factoring onto the network.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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.
Cardano saw a significant drop in spot flows in a matter of hours as traders reacted to the ongoing decline in the market.
The crypto market largely traded in the red on Friday, with most cryptocurrencies, especially in the top 100, posting losses between 1% and 11%.
Cardano itself was down 4.60% in the last 24 hours to $0.166. Amid the drop, the spot flow metric, which depicts the capital moving into and out of spot markets across crypto exchanges, is flashing a signal that might be hard to ignore.
HOT Stories
You Might Also Like
Cardano spot flows dropped by 1,917.11% in four hours, with outflows exceeding inflows, according to CoinGlass data. In this time frame, $1.19 million was recorded as inflows while outflows amounted to $1.49 million, with a negative net flow recorded at $303,100. The negative net flow might suggest increased withdrawals from crypto exchanges rather than deposits in the timeframe, indicating a rise in buying activity at the time.
Cardano prepares for next major upgradeFollowing a successful van Rossem hard fork upgrade, Cardano, through the Intersect hard fork working group, is already discussing, assessing, and coordinating preparations for the next major Cardano upgrade, the Dijkstra era hard fork, which will introduce Ouroboros Leios to the network.
You Might Also Like
The van Rossem hard fork governance action was enacted at the epoch boundary in epoch 644 on July 18, 2026, at 21:44:51 UTC. The hard fork marked an achievement for the Cardano ecosystem and the whole community, being the first hard fork in the full governance era, voted on by all three governance bodies: DReps, SPOs, and CC.
In a fresh post-hard fork update, Intersect reported that there was a nearly 10-minute gap before the first block was produced after the enactment of the hard fork governance action. Although transient in nature, Site Reliability Engineering (SRE) and engineering teams continue to monitor the network behavior.
Observations made while entering a new epoch showed no issues, with a block being created just under 15 seconds into the new epoch, well within the standard average 20-second block range.
Cardano faced a sharp decline in spot flows within a few hours on Friday as the broader crypto market remained in negative territory. Most major cryptocurrencies from the top 100 traded lower, with losses ranging from 1% to 11% during the day.
Cardano’s spot flows see sharp declineADA, the native token of Cardano, dropped 4.60% over the past 24 hours to $0.166. The decrease came amid strong selling pressure, with traders reacting to continued weakness across digital assets.
Spot flow, a key metric that tracks capital moving in and out of cryptocurrency exchanges, saw a drastic swing. According to data from CoinGlass, Cardano’s spot flows fell by 1,917.11% in just four hours. Inflows during this period reached $1.19 million, while outflows totaled $1.49 million, leaving Cardano with a negative net flow of $303,100.
A negative net flow in spot markets generally reflects more assets being withdrawn from trading platforms than deposited, which can indicate increased accumulation by holders and a temporary rise in buying activity despite overall price declines.
Mini dictionary: CoinGlass is a data analytics platform widely used by cryptocurrency traders for on-chain metrics, derivatives, and spot flow analysis.
MetricValue (4-hour window)Inflows$1.19 millionOutflows$1.49 millionNet Flow-$303,100Change in Spot Flows-1,917.11% Cardano’s spot flows dropped by 1,917.11% in four hours with outflows surpassing inflows by $303,100, suggesting investors pulled more funds from exchanges than they deposited.
Cardano’s recent hard fork activityCardano, a public blockchain platform focused on scalability and research-driven development, recently completed the van Rossem hard fork. This upgrade, enacted at epoch boundary 644 on July 18, 2026, marked a first for Cardano as it was voted on by all three governance entities: Delegated Representatives (DReps), Stake Pool Operators (SPOs), and the Constitutional Committee (CC).
The upgrade was carried out by the Intersect hard fork working group, an organization dedicated to coordinating key changes within the Cardano ecosystem. The successful execution of the van Rossem hard fork transitioned Cardano into its official “full governance era,” accelerating plans for further upgrades.
Preparations are already underway for the Dijkstra era hard fork, which intends to bring Ouroboros Leios to the network.
Mini dictionary: Ouroboros Leios is a protocol upgrade aimed at improving network efficiency, consensus security, and scalability in the Cardano blockchain.
Post-upgrade network performanceShortly after the van Rossem hard fork, Intersect reported a nearly 10-minute delay before the network produced its first block. While initially notable, this lag proved transient. Both Site Reliability Engineering and core engineering teams continue to monitor for irregularities as the network stabilizes.
As the blockchain entered the new epoch, block creation normalized. The first block appeared just under 15 seconds into the new epoch, aligning well within the typical target of a 20-second average block interval. No technical issues were observed and network operations remained stable through the transition.
Block production following the van Rossem hard fork resumed within standard parameters despite a brief initial delay, according to updates from Intersect.
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 crypto market analyst has highlighted that Bitcoin, Ethereum, and Cardano are nearing a pivotal technical crossroads at a time when U.S. Senate action on the Clarity Act and renewed tensions involving Iran signal a period of heightened uncertainty for the digital asset market.
Regulatory moves and geopolitical uncertaintyCurrent uncertainty centers on both the evolving situation in the Middle East, where the U.S. continues to strike Iranian military positions, and the lack of clear progress in Washington on the Clarity Act, a crypto market structure bill before the Senate. The market observer noted that digital assets historically react poorly to extended periods of uncertainty, and stressed the importance of imminent news from the U.S. Senate.
On the legislative front, Patrick Witt, a lead negotiator for the Clarity Act, reportedly expressed confidence about the bill advancing, but Senate Majority Leader John Thune cast doubt, reportedly telling reporters the measure remains unlikely to reach a floor vote before the August recess.
The risk of indefinite delays in the Senate could sustain recent volatility and extend ongoing price consolidation in the crypto market. Market participants are paying close attention to the possibility that Senate leadership may decline to call the bill to a vote prior to the recess, which could postpone regulatory clarity.
The analyst identified the next several business days as especially critical, with August 7 cited as the latest practical deadline before the U.S. Senate breaks for recess. Positive signals from lawmakers or easing geopolitical tension could help digital assets break out of their current patterns, while negative developments are likely to reinforce risk-off sentiment.
Technical set-ups for Bitcoin, Ethereum, and CardanoFrom a technical perspective, Bitcoin is now forming a potential inverse head-and-shoulders pattern, which has historically been viewed as a bullish reversal signal. However, the analyst noted this formation has not yet been confirmed and depends on Bitcoin’s ability to hold or move higher. A push toward the 200-day moving average, now close to $72,000, would mark a significant bullish development and could reverse weeks of declining momentum.
Key support for Bitcoin lies in the $61,000 to $59,000 range. A sustained breakdown below this area could push the asset toward a broader Fibonacci retracement band from approximately $48,000 to $57,000, with $56,000 highlighted as a crucial pivot level.
AssetKey ResistanceInitial SupportCritical Support ZoneBitcoin$72,000$61,000-$59,000$48,000-$57,000Ethereum$2,100Near downtrend line$1,500CardanoTesting moving averages$0.13$0.10-$0.12Ethereum currently trades just above a descending trendline, while its 20-day moving average attempts to cross above the 50-day average. The analyst cautioned that similar patterns have failed in the past, but a solid rally toward the 200-day average near $2,100 would be a notable bullish signal. Conversely, if weakness returns, Ethereum may target the $1,500 zone.
Cardano is also grappling with declining momentum, testing key moving averages after several unsuccessful reversal attempts. A sharp downturn could cause ADA to revisit $0.13 or even fall toward the $0.10 to $0.12 range.
Legislation, charts, and investor strategyThe analyst emphasized that while regulatory developments are not the only factor shaping market direction, they are arriving at a moment when technical indicators for major cryptocurrencies are at critical levels. This convergence makes support, resistance, and proactive allocation strategies increasingly important for investors in the coming weeks.
As markets await clarity from U.S. lawmakers, traders are closely monitoring geopolitical updates and technical inflection points on major crypto charts. Outcomes over the next business days may set the tone for price action into the end of the summer.
Mini dictionary: Clarity Act, a proposed U.S. law aiming to define the regulatory status of digital assets and clarify the roles of federal agencies regarding cryptocurrency oversight.
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.
Bloomberg has published an investigation examining Tether’s role in negotiations leading up to the passage of the GENIUS Act. It alleged that the stablecoin issuer worked to shape provisions of the landmark U.S. legislation through lobbying, political relationships, and engagement with policymakers.
According to Bloomberg, the investigation draws on interviews with current and former U.S. officials, industry participants, court filings, and other records.
It explores Tether’s interactions with key figures in the Trump administration, discussions around stablecoin regulation, and negotiations over provisions affecting foreign issuers.
Bloomberg details Tether’s Washington campaign Bloomberg reported that Tether executives and advisers sought to influence negotiations over the GENIUS Act as lawmakers debated the first federal framework for payment stablecoins.
The publication said the company’s efforts focused on issues such as compliance requirements for overseas issuers, reserve rules, and the treatment of foreign-issued stablecoins in the U.S. market.
The report also examined relationships involving Commerce Secretary Howard Lutnick and White House AI and crypto adviser David Sacks. Bloomberg said it reviewed court filings, financial disclosures, and other records, and interviewed people familiar with the negotiations.
Bloomberg further reported that negotiations evolved as lawmakers refined the bill, with debates covering reciprocal regulatory arrangements, anti-money laundering requirements, and compliance timelines for foreign issuers seeking access to the U.S. market.
Investigation focuses on changes to stablecoin legislation According to Bloomberg, several provisions in the final version of the GENIUS Act differed from earlier legislative proposals. The report said discussions centred on how overseas stablecoin issuers would comply with U.S. requirements.
Also, the transition period before compliance obligations take effect, and the conditions under which foreign-issued stablecoins could continue operating in the country.
Bloomberg noted that the legislation ultimately established the first federal regulatory framework for payment stablecoins in the United States. This came after months of negotiations among lawmakers, regulators, and industry participants.
Ardoino praised GENIUS Act after White House signing The investigation comes over a year after Tether CEO Paolo Ardoino attended the White House ceremony marking President Donald Trump’s signing of the GENIUS Act.
In a post on X following the event, Ardoino thanked Trump for the invitation and said the administration’s embrace of digital assets could help expand USDT’s global adoption while strengthening the U.S. dollar’s international position.
Source: X At the time of writing, neither Ardoino nor Tether had publicly responded to Bloomberg’s investigation.
Final Summary Bloomberg published an investigation into Tether’s lobbying efforts and its role in negotiations over the GENIUS Act. Tether CEO Paolo Ardoino has not publicly addressed the investigation. However, he previously praised the GENIUS Act after attending its White House signing ceremony.
The United States owes more than $39 trillion in gross federal debt. But here’s where it gets interesting: the composition of who’s actually lending America all that money is shifting in ways that should make both traditional finance and crypto investors pay very close attention.
Foreign investors hold approximately $9.1 to $9.5 trillion in US Treasuries, representing roughly 30% to 32% of the publicly held debt. That sounds like a lot. It is a lot. But it’s a dramatic decline from where things stood just over a decade ago, when foreign holders owned nearly 49% of publicly held US debt back in 2011-2012.
The great rotation away from Treasuries Japan remains the largest foreign holder at roughly $1.18 trillion, followed by the UK at approximately $866 billion and China at around $683 billion. China’s position is particularly notable because it has been steadily reducing its exposure for years, a trend that accelerates every time US-China tensions flare up.
The current account deficit sits close to 4% of GDP. Someone has to fund that gap. And increasingly, the “someone” isn’t a central bank in Tokyo or Beijing. It’s domestic mutual funds, the Federal Reserve’s residual holdings, and, in a twist that would have seemed absurd five years ago, a stablecoin company based in the British Virgin Islands.
Advertisement
Recent reports indicate that foreign demand for US Treasuries is slowing, with several sovereign wealth funds and central banks diversifying into other countries’ government bonds.
Enter Tether, America’s unlikely creditor Tether, the issuer of the USDT stablecoin, was one of the top foreign net buyers of US Treasuries in 2024, purchasing approximately $33.1 billion on a net basis. A crypto company that didn’t exist 11 years ago is now a more aggressive buyer of American government debt than most countries.
This isn’t charity. Tether backs its stablecoin reserves primarily with short-dated US Treasury bills, which means every time someone mints new USDT, Tether essentially needs to go shopping for more government paper.
Tether’s Treasury holdings also create an unusual feedback loop. The more widely USDT is adopted globally, the more Treasuries Tether needs to buy, which in theory supports demand for US debt at precisely the moment when traditional foreign buyers are pulling back.
Why this matters for crypto and traditional investors The AI boom has already demonstrated a key dynamic, as private capital floods into US equities, particularly tech stocks, rather than parking in government bonds.
For crypto investors specifically, Tether’s growing role as a Treasury buyer introduces a novel form of systemic interconnection. A major disruption to USDT, whether from regulatory action, a de-pegging event, or a sudden wave of redemptions, could theoretically ripple into the Treasury market if Tether were forced to liquidate holdings quickly. The $33.1 billion in net purchases during 2024 alone makes Tether a meaningful participant, not just a rounding error.
On the flip side, several stablecoin bills currently moving through Congress would essentially mandate that issuers hold high-quality liquid assets like Treasuries. If those bills pass, the crypto industry could become an even larger structural buyer of US debt, partially filling the gap left by retreating foreign governments.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
HTX Named in EU's Latest Russia Sanctions PackageCryptocurrency exchange HTX was sanctioned by the European Union on Thursday as part of the bloc's latest effort to tighten pressure on Russia's financial system. HTX was included in a list of 18 companies providing crypto services, and was formerly known as Huobi, established in China in 2013. Hong Kong-based billionaire Justin Sun (@justinsuntron) bought a controlling stake in the exchange in 2022.
The EU said the 18 listed companies helped Russians evade sanctions. EU authorities included the crypto companies in the bloc's 21st sanctions package against Russia over the war in Ukraine. The EU's latest sanctions package against Russia over its war in Ukraine targets banks, cryptocurrency networks, oil traders, the shadow fleet, and Russian energy revenues.
The EU's sanctioning of HTX does not amount to a full designation and does not include an asset freeze. Instead, the listing bans EU operators from transacting with the exchange, placing a compliance burden on European counterparties without directly freezing HTX's assets.
UK Action Came First, HTX Pushed BackHTX had already faced sanctions in the United Kingdom. On May 26, British authorities targeted Huobi Global S.A., the Panama-based company behind HTX, over alleged financial services involving A7 and Garantex, two entities previously sanctioned over their links to Russia. The UK Foreign Office alleged that HTX provided services to A7, a payments network backed by Russian state-controlled Promsvyazbank, and Moscow-based crypto exchange Garantex. British restrictions included an asset freeze and barred UK companies from processing payments or maintaining financial relationships with the designated entities.
The UK government suspects HTX of channeling over $1.5 billion to Russia to help the regime bypass international trade blockades. HTX responded to the UK action by arguing that Huobi Global S.A. was a legally distinct Panama entity, separate from the trading platform itself. HTX argued that the UK action targeted Huobi Global S.A. as a distinct legal entity and that the trading platform's operations remained unaffected. The EU's latest listing places both HTX and Huobi Global S.A. side by side, making that distinction harder to sustain.
The sanctions are the latest sign of countries cracking down on the use of crypto to move funds outside the mainstream financial system. HTX is the largest exchange yet caught in the Russia sanctions net, and the coordinated EU and UK actions signal that offshore platforms of any scale are now within reach of Western enforcement.
HTX did not immediately respond to a request for comment.
Sources:
Reuters via Euronext: Crypto exchange HTX included in EU's Russia sanctions
Finance Magnates: EU Adds HTX to Russia Sanctions Two Months After UK's Action
Chainalysis: UK Sanctions Crypto Companies With Russia Ties
Four VPN providers reliably take TRON: GnuVPN, NordVPN, Surfshark, and Ivacy. Only one of them treats TRON as a first-class payment option instead of one line in a processor’s coin list.
If you are looking for a VPN that accepts TRON because you already hold TRX or USDT on TRC20, the network is a good fit for a subscription payment. Transfers clear in about three seconds for well under a dollar, which matters more on a $67 purchase than it does on a large transfer.
Here is who accepts it, how each one handles the payment, and where the differences actually show up.
Why TRON Suits a Subscription Payment Table of Contents
Why TRON Suits a Subscription PaymentThe Providers That Accept TRON1. GnuVPN2. NordVPN3. Surfshark4. IvacyChosen, or Inherited From the ProcessorFAQWhich VPN is best for paying with TRX?Can I pay for a VPN with USDT on TRC20 instead of TRX?What happens if I send TRC20 funds to the wrong network?Is paying for a VPN with TRON anonymous?Does NordVPN accept TRON directly? TRON was built for cheap, fast transfers, and a VPN subscription is exactly the kind of small payment that punishes you on other networks.
Send USDT as an ERC20 token on Ethereum, and you pay gas, which can run from a couple of dollars to more than thirty when the network is busy. Send the same dollar as a TRC20 token on TRON, and you pay energy and bandwidth, which usually works out to cents.
TRON also cut its own costs recently. Network proposal #104 halved the energy price for USDT transfers in August 2025, pushing a typical send well under a dollar.
Here is how the common options compare on a single VPN payment:
Network Typical fee Settlement Cost on a $67 plan TRON (TRC20) Under $1 About 3 seconds Under 1.5% Ethereum (ERC20) $2 to $35 About 15 minutes 3% to 45% Bitcoin $1 to $5 10 to 60 minutes 1.5% to 7% Litecoin Cents 5 to 15 minutes Under 1% The spread is the reason buying VPN with TRON is a question worth asking before you default to Bitcoin at checkout.
The VPNs that accept TRX arrive at it in two different ways. Three route the payment through a third-party gateway that happens to support TRON, and one lists it directly.
1. GnuVPN A Portugal-based provider built around protocol choice, running SoftEther and AmneziaWG alongside WireGuard, OpenVPN and IKEv2. It is the only provider here that names TRON as a payment option in its own right.
Accepts: TRX and USDT on TRC20, plus Bitcoin and Litecoin How it works: a GnuVPN TRON payment is one of four named coins, not an entry buried in a dropdown of twenty Price: from $2.79/month on the two-year plan, $66.99 upfront Settlement: GnuVPN TRC20 transfers clear in roughly three seconds for under a dollar Trade-off: 55+ countries and 5 devices, a smaller network than the majors, and a shorter refund window If you already hold USDT on TRON, this is the shortest path from wallet to subscription on this list.
2. NordVPN The largest name in consumer VPNs, based in Panama, with five audited no-logs assessments and servers in over 110 countries. Its crypto support is broad and its customers use it.
Accepts: 10+ coins including TRX, BTC, ETH, USDT, XRP, LTC, SOL and DOGE Processors: CoinGate, BinancePay and BitPay Worth knowing: TRX accounts for 5.4% of NordVPN’s crypto payments, with USDT at 29.1% and Bitcoin at 40.9% Price: from $3.09/month, backed by a 30-day money-back guarantee NordVPN is the strongest all-round service here. TRON is available, but it is one option among many, not a deliberate focus.
3. Surfshark A budget-focused provider offering unlimited simultaneous devices on every plan, run by Nord Security since the 2022 merger. It carries the longest coin list of any mainstream VPN.
Accepts: 13+ coins including TRX, BTC, ETH, LTC, BNB, SOL, BCH, XRP, DOGE, SHIB, USDT and DAI Processors: CoinGate and CoinPayments Price: from roughly $2.49/month, with a 30-day money-back guarantee Trade-off: crypto checkout is web-only and desktop-only If you hold an unusual altcoin, Surfshark is the most likely provider on this list to take it.
4. Ivacy A budget provider known for long-term plans at low headline prices. Its crypto support comes through two gateways, not a direct integration.
Accepts: TRX, plus Bitcoin, Ethereum, Litecoin, XRP, Cardano, Dogecoin and the wider CoinGate list Processors: CoinGate and BitPay Worth knowing: TRON appears explicitly in its published coin list, which is not true of most providers this size Ivacy is the cheapest way onto this list, though it competes on price, not on protocol depth or network size.
Chosen, or Inherited From the Processor Here is the distinction that decides which of these actually suits a TRON holder.
Three of the four accept TRX because their payment processor supports it. CoinGate runs a dedicated TRON payment gateway, so any merchant using it can display TRX at checkout without making a decision about TRON at all. NordVPN, Surfshark and Ivacy all fall into that group.
That is not a criticism. Broad processor support is genuinely useful, and it is why Surfshark can take thirteen coins. But it does mean TRON is a byproduct, not a priority, and it shows in the checkout experience: one ticker among twenty, with no particular attention paid to the network you are sending on.
GnuVPN crypto payment support works the other way around. Four coins, each named, with the network stated for every one. A VPN TRC20 payment there is a labelled option, not something you locate in a dropdown and hope you have selected the right chain on.
For most purchases that distinction is cosmetic. On TRON it is not, because sending TRC20 funds to an address on the wrong network is the most common way people lose money at crypto checkout.
FAQ Which VPN is best for paying with TRX? It depends on what you want from the VPN itself. For the cleanest TRON experience, GnuVPN names TRX and USDT-TRC20 directly and clears in seconds. For the largest server network, NordVPN takes TRX through CoinGate. For unlimited devices, Surfshark does the same.
Can I pay for a VPN with USDT on TRC20 instead of TRX? Yes, and for most people it is the better choice. USDT on TRC20 is a stablecoin, so the amount you send is the amount that arrives, with no price movement while the transfer confirms. GnuVPN, NordVPN and Surfshark all support it.
What happens if I send TRC20 funds to the wrong network? The transaction confirms on the chain you selected, so the funds are not destroyed, but the receiving address cannot reach them unless someone controls the private key for that network. A TRON address starts with T, and an Ethereum address starts with 0x. Check the prefix before you send, and send a small test amount first.
Is paying for a VPN with TRON anonymous? No. Paying for a VPN with TRX removes the card and bank link, which is real, but you still provide an email address and connect from a real IP when you sign up. Most providers also route the payment through a KYC-compliant processor. It is more private than a card. It is not anonymous.
Does NordVPN accept TRON directly? No. NordVPN accepts TRX through CoinGate and BinancePay, which are third-party gateways, not a direct wallet transfer. The same applies to Surfshark and Ivacy. Among providers on this list, only GnuVPN lists TRON as a named option in its own checkout.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Submit proposals & participate in on-chain governance
DocumentationFaucetBscScanBSCTraceDocumentationFaucetBridgeopBNBScanDocumentationFaucetBridgeGreenfieldScanDCellarLearn more about FusionToken Recovery ToolBeacon Chain ExplorerNative StakingLiquid Staking
Build
GET STARTED
Wallets
Your gateway to BNB Chain
Examples & Tutorials
Start with example and tutorials
Networks and RPC
A list of BNB Chain related networks
Faucet
Pilot tokens on BNB Smart Chain
ADVANCED
Documentation
Full technical documentation
Tools
Essential tools for builders
EXPLORERS
BscScan
opBNBScan
GreenfieldScan
SOLUTIONS
Institutional Finance
Privacy
Agent Infrastructure
Real World Assets Tokenization
Stablecoin
Payment
BNB Agent Studio
Submit dApps
Explore
Release Note
Strategic updates for your advantage
Blog
Follow our blog for the latest updates
Wallets
Securely connect to funds & dApps
Explore dApps
Explore dApps on BNB Chain
Bridge
Cross-chain transfer between networks
Get BNB
Get BNB & explore use cases
Accelerate
Ideation
BNB Hack
Explore online & offline hackathons on BNB Chain
BNB Incubation Alliance (BIA)
Building together to fast-track your Web3 journey
Most Valuable Builder Accelerator Program (MVB)
Incubation for top Web3 projects
Deployment
BNB Chain Grants
Grants for ecosystem builders
Kickstart
Explore essential tools & support
Space
Builder Bunker
A Workspace to Meet & Build
See All Programs
Connect
Community
Community Hub
Connect with the community
Build N’ Build Forum
A public, community-driven dev forum
in Real Life
Events
Global and local meetups, conferences, and hackathons
Every week, new builders join BNB Chain - spanning DeFi, AI, RWAs, infra and more.
Scroll through the latest projects below. If something grabs your attention, give them a follow. We’ll keep updating this list as the ecosystem grows.
The momentum’s real. Let’s keep pushing Web3 forward.
Project name
Category
Description
Dapital
DeFi
A social trading app
Privacy Cash
Privacy
Privately fund your wallet
Stove Protocol
Infra
RWA infrastructure
Pay Protocol
Infra
Open Protocol Enterprise Wallet Infra
IXS Finance
RWA
Regulated AI Agentic RWA Settlement Layer for Tokenized RWAs
Sixpence
RWA
On-chain yield for tokenized stocks
Reserve
Infra
Pioneering onchain funds (called DTFs or Decentralized Token Funds), in pursuit of asset-backed currency
StandX
Infra
Offering universal markets and yields
Poppie Finance
DeFi
Borrow stablecoins with your tokenized stocks
IMPORTANT: Please note that all the information in the table above is for informational purposes only and should not be considered financial advice. Please DYOR.
Follow us to stay updated on everything BNB ChainWebsite | X | Telegram | Facebook | dApp Store | YouTube | Discord | LinkedIn | Build N' Build Forum
Key Takeaways Lockheed Martin exceeded Q2 earnings projections with EPS of $7.94 compared to analyst expectations of $7.09 Quarterly revenue climbed 11% year-over-year to $20.06 billion, surpassing the anticipated $19.34 billion New contracts totaling $65 billion drove the order backlog to an unprecedented $230 billion Annual EPS forecast increased to $29.95–$30.65 range; revenue projection elevated to $79.75–$81.75 billion Shares traded flat at $568.60 in Friday premarket activity following Thursday’s rally Lockheed Martin (LMT) impressed investors with strong second-quarter results released Thursday, providing substantial evidence of operational momentum.
Lockheed Martin Corporation, LMT
The aerospace and defense leader reported GAAP diluted earnings per share of $7.94, significantly exceeding the $7.09 consensus forecast. Quarterly revenue reached $20.06 billion, representing an 11% increase from the same period last year and beating expectations of $19.34 billion.
Thursday’s trading session saw shares jump following the announcement, although LMT remains approximately 17% off its 2026 peak entering Friday. The stock showed no movement in early morning trading, holding steady at $568.60.
The quarter’s most impressive metric was the order backlog. Lockheed closed Q2 with an industry-leading $230.4 billion in committed orders — representing a $64 billion increase year-over-year. The firm achieved a remarkable 3.2-to-1 book-to-bill ratio, indicating $3.20 in new business secured for each dollar of recognized revenue.
This substantial backlog reflects major contract wins during the period. The company secured a massive $35 billion THAAD interceptor agreement and a $3 billion GMLRS contract, contributing to $65 billion in total quarterly bookings.
Cash generation showed marked improvement with free cash flow reaching $2.9 billion in Q2, bouncing back from previous-year challenges related to program setbacks and supply chain constraints.
Updated Financial Projections Leadership upgraded the full-year earnings per share forecast to $29.95–$30.65, representing an increase from the previous $29.35–$30.25 guidance. This updated range exceeds the Street’s consensus estimate of $29.86.
Revenue projections for 2026 were also elevated to $79.75–$81.75 billion, up from the earlier $77.5–$80.0 billion range. Analysts had been modeling $79.14 billion for the year.
Operational highlights from the quarter included restarted F-16 deliveries, expanded C-130 manufacturing, and ongoing advancement of the Grizzly counter-drone platform.
Business Unit Performance The Aeronautics division is forecast to deliver $31.7–$32.7 billion in annual revenue, with mid-single-digit percentage growth anticipated in the latter half driven by expanded F-35 manufacturing.
Missiles and Fire Control is projected to contribute $16.5–$16.9 billion, with momentum building in the second half as ammunition production scales up.
Rotary and Mission Systems is targeted for $17.7–$18.1 billion in sales, bolstered by radar initiatives and increased Sikorsky helicopter production.
The Space segment forecast was upgraded to $13.85–$14.05 billion, fueled by Next Generation Interceptor and Fleet Ballistic Missile development work.
Derivatives market activity supports the bullish narrative. January contract put-to-call ratios stand at 0.67x — suggesting optimistic positioning. The maximum strike price on these contracts approaches $645, representing potential appreciation exceeding 14% from current trading levels within the next half year.
Analyst consensus rates LMT as a “Moderate Buy,” with an average price objective around $611 — approximately 7% higher than Friday’s opening price.
Key Highlights Tenet Healthcare shares skyrocketed 23% following a blockbuster Q2 report showing adjusted EPS of $6.12 versus the $4.26 consensus forecast The company boosted its annual EPS forecast to $20.30–$21.69 from the previous $16.38–$18.68 range HCA Healthcare climbed a modest 3.7% after confirming previously disclosed Q2 figures HCA reduced its annual EPS projection to $28.70–$30.50 from $29.10–$31.50 Investment firm Barclays increased its Tenet target price to $271 from $240 while keeping its Overweight stance Tenet Healthcare (THC) shares exploded 23% higher during Friday’s trading session, marking what could be the stock’s most significant one-day rally since February. The dramatic move followed the company’s release of second-quarter earnings that significantly exceeded Wall Street projections while substantially upgrading its annual forecast.
Tenet Healthcare Corporation, THC
The healthcare provider delivered second-quarter adjusted profits of $6.12 per share, substantially surpassing the analyst consensus of $4.26. Total operating revenue climbed 6.8% year-over-year to reach $5.63 billion, exceeding the anticipated $5.43 billion.
Management substantially increased its annual adjusted EPS forecast to between $20.30 and $21.69, representing a significant jump from the earlier projection of $16.38 to $18.68. The company’s full-year net operating revenue guidance was similarly elevated to $21.9 billion–$22.5 billion from the prior $21.5 billion–$22.3 billion range.
Tenet Healthcare delivered a dramatic Q2 beat, fueled by exceptional hospital margin expansion and pricing power in its ambulatory segment. While net operating revenues grew a respectable 6.8%… pic.twitter.com/pxCFX3irFc
— Finsee (@Finsee_main) July 24, 2026
The midpoint of these revised forecasts substantially exceeds analyst projections, which had been calling for earnings of $17.94 per share and revenue of $21.97 billion.
HCA Healthcare Presents Contrasting Results HCA Healthcare released its quarterly results on the same day, though investor response proved considerably more subdued. HCA shares advanced 3.7%, a fraction of Tenet’s explosive move.
The divergence largely stems from earlier disclosure. HCA had already announced its second-quarter performance on July 14, meaning Friday’s formal release contained minimal new information for market participants.
HCA reported second-quarter adjusted earnings of $7.59 per share, marginally beating the $7.56 estimate. Revenue increased 9% to $20.23 billion, surpassing the $19.76 billion consensus projection.
Yet a substantial $400 million net gain from Medicaid supplemental payments significantly boosted these figures. When accounting for this benefit, the underlying performance appeared less robust.
HCA highlighted an increase in uninsured patient volumes, partially attributed to expanded loss of exchange-based insurance coverage throughout the quarter. Management estimated this trend reduced pre-tax income by approximately $400 million.
HCA Reduces Annual Projections HCA trimmed its full-year EPS forecast to $28.70–$30.50 from the earlier $29.10–$31.50 range. The company also narrowed its revenue guidance to $77 billion–$79.5 billion versus the previous $76.5 billion–$80 billion projection.
The S&P 500 declined modestly on Friday, making Tenet’s 23% surge even more remarkable against the wider market environment.
Barclays raised its price objective on Tenet to $271 from $240 while maintaining its Overweight recommendation. The firm noted that Tenet’s second-quarter results “stand out and reinforce the case for a premium valuation,” especially considering guidance reductions from competing hospital operators.
Tenet’s extensive ambulatory surgery center platform has emerged as a crucial competitive advantage. While both organizations operate hospitals and outpatient centers nationwide, Tenet maintains greater exposure to its surgery center operations, which have consistently delivered strong margin performance.
Barclays’ revised $271 price objective suggests additional upside potential even after Friday’s substantial post-earnings appreciation.
Lien Finance has lost about $542,000 in USDC after an attacker exploited a flaw in its bond token logic to mint unsupported assets and drain liquidity from the protocol.
Summary
Lien Finance lost about $542,000 in USDC after attackers exploited a flaw in its bond token exchange logic. Security researchers said the exploit allowed unsupported bond tokens to be minted and exchanged for real liquidity from the protocol. The incident adds to a series of DeFi exploits this month as researchers continue to examine weaknesses in protocol pricing and validation logic. Blockchain security firm SlowMist said the exploit targeted Lien Finance’s bond exchange mechanism, allowing the attacker to create bond tokens without destroying the corresponding input bonds before swapping them for USDC. The firm estimated the loss at roughly 542,144.63 USDC and identified the attacker wallet as 0x0d7d…1808a.
🚨SlowMist TI Alert🚨
💸 @LienFinance Loss: ~542k USD
🔍 Root Cause: The `exchangeEquivalentBonds` function in BondMakerCollateralizedEth lacks proper multiset integrity checks. It only counts total exception occurrences instead of verifying each bondID's appearance per group.…
— SlowMist (@SlowMist_Team) July 24, 2026 According to SlowMist, the vulnerability was located in the exchangeEquivalentBonds function of the BondMakerCollateralizedEth contract. Its analysis said the function failed to properly verify the integrity of bond groups during exchanges. Instead of checking whether every bond ID appeared the required number of times, the contract counted only the total number of exception entries. By repeatedly using the same exception bond ID in the output group, the attacker satisfied the validation logic while omitting another required bond from the input.
SlowMist said the flaw allowed the attacker to mint new BondTokens that appeared valid even though no matching collateral had been consumed. The newly created assets were then exchanged for USDC through three pre-authorized endpoints, resulting in the withdrawal of about 542,144.63 USDC from the victim address 0xa961684a3a654fb2cca8f8991226c0cefc514d80.
The security firm identified the affected contracts as 0xda6fc5625e617bb92f5359921d43321cebc6bef0 and 0x843225cf6e663e4454732d6b551a737ac7b47de0.
Permissionless bond registration and pricing logic under scrutiny Separate on-chain analysis from DefimonAlerts, later amplified by researcher exvulsec, described the incident as a protocol logic failure that combined permissionless bond registration with pricing weaknesses inside Lien Finance’s over-the-counter bond pools.
🚨 @LienFinance – Loss $542K (2026-07-24)
Network: Ethereum
Type: Oracle / Price Manipulation
Lien Finance's GeneralizedDotc bond-to-ERC20 OTC pools were drained. An attacker-deployed orchestration contract (0xe74d17c1) permissionlessly registered new bond groups on the…
— Defimon Alerts (@DefimonAlerts) July 24, 2026 According to that analysis, the attacker first deployed an orchestration contract before registering a new bond group through the BondMakerCollateralizedEth contract. Because the registration process did not require governance approval, the attacker was reportedly able to introduce a bond group built around a malicious payoff function.
The report said the crafted bond tokens were then routed into Lien Finance’s GeneralizedDotc OTC pools. It pointed to the protocol’s internal _calcRateBondToErc20 function, saying it appears to have assigned excessive value to the newly created bonds despite their lack of genuine collateral backing.
As a result, the attacker exchanged what researchers described as effectively unsupported structured products for real USDC liquidity held in the protocol’s pools. The primary affected liquidity pool was the GeneralizedDotc contract at 0x656e…9ef18, while the attacker wallet received the proceeds through the main exploit transaction.
Researchers examining the exploit have described it as a protocol pricing and validation failure rather than a conventional smart contract exploit such as reentrancy or an access control bypass. According to the published analysis, the attack relied on introducing synthetic financial instruments whose economic value was not sufficiently validated before they became eligible for OTC swaps.
The researchers compared the incident with April’s Drift Protocol exploit, where attackers reportedly introduced fabricated collateral that the protocol accepted at inflated values before real assets were withdrawn. They noted that the two cases differ in implementation but share a similar pattern of exploiting valuation logic instead of breaking cryptographic protections.
Latest incident adds to a string of DeFi exploits The Lien Finance exploit comes during an active period for decentralized finance security incidents.
Just one day earlier, on-chain analytics platform Lookonchain described July 23 as “Hackers’ Day” after three separate exploits resulted in combined reported losses of about $35.55 million. Those incidents included a $24.15 million exploit involving AFX Trade’s bridge infrastructure, a $7.54 million attack on the Verus Ethereum Bridge, and a separate $3.86 million exploit affecting B² Network.
In the AFX incident, blockchain security firm Blockaid said attackers drained about $24.15 million in USDC from infrastructure operated by the protocol rather than Arbitrum’s native bridge. Offchain Labs separately confirmed that Arbitrum’s core bridge was not compromised and said the incident involved third-party infrastructure.
Meanwhile, Blockaid also linked the latest Verus Ethereum Bridge exploit to the same bridge contract, entry path and apparent bug class involved in the project’s May breach. The firm said the July attack generated unbacked Ethereum-side payouts through the bridge’s import process, although a complete technical explanation had not yet been published.
Earlier this month, Lazy Summer Protocol lost about $6.04 million in a share price manipulation attack, while Bonzo Finance on Hedera reported losses of around $9 million following an oracle-related exploit. Allbridge Core also suffered a flash-loan-driven stable pool attack that drained roughly $1.65 million, and Polychain-backed Cascade lost approximately $1.34 million in another exploit during July.
🚨Blockaid's exploit detection system has identified an ongoing exploit on @summerfinance_.
~$6M drained so far.
More details in 🧵
— Blockaid (@blockaid_) July 6, 2026 Researchers tracking decentralized finance attacks have estimated cumulative losses exceeding $630 million during the first seven months of 2026. Their data identifies oracle manipulation, pricing flaws, compromised credentials and bridge validation weaknesses among the most common attack vectors recorded this year.
BondMaker architecture has faced security issues before For long-time Ethereum developers, the latest exploit revisits an architecture that has drawn security attention before.
In September 2020, a white-hat group led by security researcher Samczsun prevented the loss of roughly $10 million after identifying a flaw in Lien Finance’s original BondMaker system.
Security researchers at the time said the earlier vulnerability allowed attackers to create empty bond groups that could be exchanged for properly collateralized ones through an equivalence function, making it possible to extract Ether without matching backing. The issue was intercepted before malicious actors could exploit it, and the recovery became one of Ethereum’s most prominent coordinated white-hat rescue efforts.
Unlike the 2020 incident, the latest exploit resulted in an actual loss after attackers used weaknesses in bond validation and pricing logic to withdraw USDC from live liquidity pools. At the time of publication, Lien Finance had not released a detailed technical postmortem or announced whether any of the stolen funds had been frozen or recovered.
Circle is facing criminal charges in Wisconsin because, in relation to some investment fraud, "Circle Internet Financial LLC has declined to repatriate the corresponding fiat reserves" and "Circle has not complied with a Circuit Court Judge’s seizure warrant."
Law enforcement secured a seizure warrant which Circle will not enforce. Circle claims they cannot enforce it. The government is charging Circle for declining to enforce it. Whatever is going on: everyone agrees Circle is not currently enforcing it.
This column has a long history of pulling entertaining and contradictory bits out of company public statements and (usually much later) legal settlements where those companies got caught doing something they were not supposed to do. Much of the time the company in question made explicit statements that it would not do the conduct it eventually admitted doing. And much of the time those public statements were contemporaneous with the bad conduct. But we only found out they were lying years later.
Here we have the rare opportunity to work through seemingly-false statements made by a company during a public dispute with law enforcement in real time. So that is what we are going to do. Some of this was covered by the ICIJ but we think their narrative is too generous towards Circle.
Some BackgroundTether routinely seizes funds for law enforcement. Tether has the power to transfer USDT out of your address and burn them without your knowledge or consent. So to seize funds Tether just burns tokens from anywhere and then issues fresh replacement USDT to whatever address law enforcement wants. In theory Tether could also take the funds back from law enforcement — the same process can be used for any address — though that has not yet happened. Tether has had these powers for many years. Nothing is this paragraph is new or controversial.
Circle is a little bit different. Circle does not currently have a seize function in their tokens. Both Tether and Circle can freeze funds – immobilizing them in an address – but Circle's current smart contracts do not support seizure. Circle routinely freezes tokens but it does not seize them. This is presumably what Circle was referring to when it told the Walworth County Circuit Court:
Beyond the ability to blocklist wallets, however, Circle has no control of USDC held in third-party wallets and has no ability to invalidate and reissue such USDC or to transfer them.The key words here are "has no control" and "has no ability." Circle uses the conjunction "and" meaning Circle believes both of those claims to be independently true. If Circle has any way to wrangle invalidation then Circle made a false statement to the court. Given invalidation we know reissuance is possible because once you invalidate the "bad" tokens the reissuance is just issuance. Which happens all the time. So the threshold question here is whether Circle can "invalidate" USDC in an address specifed by law enforcement.
Circle's PowersCircle cannot currently invalidate USDC and seize funds. But Circle can upgrade USDC to have whatever functionality it desires. So it cannot follow this roadmap to comply with a seizure order:
Seize the fundsBut absolutely it can comply with this roadmap:
Upgrade USDC to allow seizureSeize the fundsIn a strange turn, Circle told the government the required process to seize the funds was as follows. And bear in mind we are quoting Circle's own court filing here so this is presumably a generous phrasing from Circle's perspective:
Circle also communicated to Detective Kuchta that (1) the address was not held at Circle; (2) Circle did not have the private keys for the address; (3) Circle could not, therefore, transfer USDC from the wallet; and (4) to recover the USDC for the victim law enforcement would need to locate the private keys for the address. By telling the police to go find the private keys Circle is being, well, let's call it intransigent. Actually, no, let us be a bit more direct (with apologies to Andy Samberg and Justin Timberlake). Circle looks to prefer these steps:
Get charged for no function to seizeMoan how it sucks to seizePut in a function to seizeThat’s the way they do it. Circle is being a...go watch the video in that last link.
It is hardly a secret Circle can upgrade the USDC contracts so it looks pretty likely this capability will eventually come up in court and the judge will sort Circle out. Circle's terms also provide the company with incredibly broad discretion to deny anyone access at any time and in any manner at all for pretty much any reason. This text is in the Acceptable Use Policy describing a list of things you are not allowed to do with USDC and which might lead Circle to cut you off:
For clarity, the following lists are not exhaustive and we may, at our sole discretion, modify them without notice.So Circle can decide anything it likes is out of bounds. And that document covers:
services provided by Circle Internet Financial, LLC, Circle Payments, LLC, Circle UK TradingLimited and/or Circle International Bermuda Limited (together, “Circle”), inclusive of, but not limited to, Circle Mint account,Application Programming Interface products, card processing, and the Circle Yield offering (together and separately, the “Services”), The "but not limited to" would seem to provide sufficient cover to enforce a court order by including whatever corners of Circle's operation are needed to effect the required upgrades. Remember: in this case a court is telling Circle to do something and Circle is not doing it. Maybe you think reading that clause in such a broad manner is squirrely. Sure, maybe. But that is a problem when a strained reading is used to evade a court or the clear intent of a contract or some other agreement. In the present case not reading these powers broadly led to criminal charges and is, in a real and on-going sense, blocking enforcement of a court order. Using this ambiguity to comply with the court is not going to anger the court. Certainly not any more than the current behaviour will.
Circle's Terms vs. ActionsIn Circle's documentation the company anticipates that court orders may come in to request asset freezes. There is an Access Denial Policy which sets out the freeze framework. And there is even a section entitled "Blocked Addresses & Forfeited Funds" in the USDC Terms. That later section includes this text:
Circle may also be required to freeze USDC and/or surrender associated USD held in Segregated Accounts in the event it receives a legal order from a valid government authority requiring it to do so.This anticipates the idea that a court order may mandate sending USD somewhere the court directs. The word "forfeited" appears in a section heading. And if we look at the government's description in Wisconsin we find something very much on point:
The Court’s Warrant ordered Circle to “facilitate the seizure” of Victim #1’s USDC and invalidate that USDC so that it had no value. The Warrant then ordered Circle to issue approximately $381,000 in new USDC to compensate Victim #1 and transfer that new USDC to a digital wallet owned by the Walworth County Sheriff’s Department. This procedure is known as “burn and reissue”."Facilitate the seizure" is a broad directive. The court is not telling Circle precisely how to satisfy the court's desires. The court is simply saying "find a way to do this." And Circle's on-the-record response is weird. Above we quoted Circle's broad claim of "no ability." The government's narrative gives a bit more colour there too:
In subsequent discussions, Circle’s representatives have explained that the company holds approximately $381,000 in US Currency in reserve to cover the value of Victim #1’s USDC, even though that USDC cannot be redeemed by anyone for US Currency because Circle froze it. Circle protested that if it issued $381,000 worth of new USDC, it would also have to hold an additional $381,000 in US Currency to cover the new USDC. Circle objected that it would be unfair for the company to have to set aside that much US Currency in reserve. Circle also stated that by the terms of its own contracts, it will not “burn and reissue” USDC.This is some twisted logic. Circle seems to believe it is required to maintain backing for all USDC, frozen or not, and that because it currently cannot burn and reissue USDC this would require holding double reserves for the recovered amount and that – the double reserving Circle just imposed on itself – is unfair.
We will immediately concede that double reserving here is unreasonable and dumb. But the double reserving is only "required" if we accept Circle's claim it cannot do the burn and reissue. This is a strained attempt for Circle to look like the victim. Possibly so that Circle can continue to collect interest on the US$381,000 in reserves it holds against the frozen tokens
Said another way: Circle's protest assumes Circle will not use its power to upgrade the USDC to allow seizures. We know this is Circle's thinking because, again quoting the Wisconsin government:
Circle also stated that by the terms of its own contracts, it will not “burn and reissue” USDC.This is weird. The word "reissue" does not appear on circle.com, as of this writing, per a number of searches. And the USDC Risk Factors also include a section entitled "Blocked Addresses & Forfeited Funds" so this is puzzling. If we read the reference to "its own contracts" in that last quote from Circle as pertaining to the USDC smart contracts it is again true in a literal-and-useless sense. By the terms of the currently deployed smart contracts there is no reissue power. But by the terms of those same contracts Circle can simply change the contracts.
Circle looks to be playing games so it can collect interest on frozen USDC forever. Holding frozen scam-related funds forever and keeping the interest is an interesting business model.
ContractsIf you have ever entered into any sort of commercial agreement you have probably seen clauses that allow someone to modify the terms under extreme circumstances and maybe also in a "commercially reasonable manner" if the need arises. Most contracts contemplate the idea that things can change and some amount of flexibility is required. For example, a company may change its office address. Or it may change where it banks. Or any number of other things. If you enter into a contract which includes bank details and the other party changes where it banks that does not mean you automatically can stop paying. If the company tells you where to send the money instead you cannot just decide to terminate the contract (unless it is a very strange contract indeed).
Similarly, you might enter into a contract based on some published reference price – think oil or gold or a commercial property index or some interest rate benchmark – and the name of that thing might change. Or where or how it is published might change. Someone is supposed to keep things up to date in a commercially reasonable manner. There is standard verbiage for this in many industries and if you end up in court the judge will make you do the sensible thing. Yes there are corner cases. But the Circle mess is really quite simple. Circle's term look to allow for enforcement here. And there is a simple sequence of steps Circle can follow to do the enforcement. None of this makes much sense.
Circle looks to be trying to interpret things in an incredibly narrow and self-serving way to manufacture an injury Circle would suffer if it complied. And then to moan that imagined injury is unfair. If we go back to Circle's own words to the court this is clearly exactly what they are doing:
The Complaint’s sole allegation regarding Circle’s intentional disobedience is that “Circle...refused to invalidate the stolen USDC or issue new USDC,” Compl. ¶ 9. But the Complaint clearly misrepresents the content of the relevant communication. Circle did not “refuse” to invalidate the stolen USDC; it stated that it “does not hold the private keys to the address.” Compare Compl. ¶ 9 with Ex. 6. That is an accurate statement that Circle lacked the tools required to “invalidate” the USDC held in the Blocklisted Wallet, not an intentional refusal to comply with the terms of the Second Warrant.Circle was directed to "facilitate the seizure" of the funds. And then Circle asserts it did not refuse to invalidate the USDC in question – its just that Circle has no button labelled "seize" to press. But Circle did refuse to upgrade the USDC contracts to add a seize button.
Circle also presented the total non-sequitur that it "does not hold the private keys to the address" of the fraud-linked funds. This is also arguable. It is true in the sense that Circle does not hold the fraudster's private keys. But the term "private keys" is not being used in a technically precise sense here because there are two sets of private keys that can move the funds. The term "private keys" as used here connotes control over funds. And so long as Circle has the private keys to upgrade USDC it has one set of private keys that can facilitate a seizure out of the addresses in question. Remember: USDC and USDT are not true bearer assets. The issuers retain a lot of control over "your" funds.
Maybe you think we are giving the authorities too much credit and we should interpret the claim in narrow technical terms? Under that reading, you may be thinking, it is not Circle's problem the government asked for the wrong thing. We have sympathy for this sentiment. But there is a bigger problem. If we interpret everything in these documents in narrow technical terms Circle is wrong that it has "no ability to invalidate and reissue such USDC or to transfer them." It has the ability to do this by upgrading the contract to give itself the ability. This falsity then gives rise to a litany of other false claims including:
Circle "would also have to hold an additional $381,000 in US Currency to cover the new USDC": false because once Circle has burn power there is no need to double reserve. And that is if we accept the need in the first place as Circle can simply declare the address outlaw and ignore it.Circle also stated that by the terms of its own contracts, it will not “burn and reissue” USDC: this is at most a policy Circle can revise in its sole discretion. And having a policy to defy court orders is pretty much exactly what Circle is charged with here.Circle has no control of USDC held in third-party wallets: false because in a technical sense Circle has more than "no" control via contract upgradability. It has, and we apologize for the technobabble here, "some" control.Circle...has no ability to invalidate: false via upgradability.Circle...has no ability to...reissue such USDC or to transfer them: false via upgradability.If we read the claims in the dispute broadly: Circle is not being candid. If we read the claims narrowly: Circle is not being honest. Unless Circle has somehow lost the ability to upgrade USDC – which would be a far larger problem if kept hidden for so long – we just cannot see a way they are telling the truth here. Maybe there is one but there is certainly no hint of such an explanation in the court filings to date.
Circle's Principled ResistanceWhat makes this even stranger: Circle's terms also contemplate circumstances in which the company will resist court orders. But that too does not fit what is happening here. Again from the Access Denial document:
Circle reserves all rights to object to an access denial order that presents a threat to Circle Stablecoin or that Circle determines is objectionable.USDC holders do not have any rights or derive any value from this. But it presumably empowers the company to do what it is doing in Wisconsin now without worrying about shareholders suing anyone for resisting court orders. The US legal system is adversarial and Circle is 100% entitled to resist government requests and to challenge orders. Within the US system. Telling law enforcement to go pound sand after the judge rules is not something Circle is entitled to.
It is certainly possibly Circle views anything that reduce's Circle's interest income as objectionable. There is a logical, if wacky, corporate theory here: "We prefer to hold frozen assets indefinitely to maximize shareholder value. We view this as part of our fiduciary responsibility to shareholders. Victims are not shareholders sorry." Probably no company wants to come out and say that. But it is true that public companies have a responsibility to shareholders and not victims. They also have a responsibility to judges and to shareholders to not egregiously defy judges. So it is all kind of mixed together there.
Now notice the seizure warrant requests Circle is fighting here date back to August 2025. Multiple seizure warrants have been issued. And Circle has been communicating false claims to Wisconsin officials for many months now. Criminal charges were filed in April 2026. Circle moved beyond objecting to an access denial order to simply refusing to follow one after multiple rounds of back and forth. This happened over many months.
We accept it is possible to read these most recent actions as part of resisting the order. And maybe law enforcement jumped the gun with criminal charges. But it is kind of hard to credit Circle here and think ongoing negotiations without criminal charges would go anywhere. Circle has stated clearly that it cannot comply for technical reasons. Circle claims it is impossible to do what the court wants. But those claims are plainly false (or Circle is covering up something worse). For negotiations to go anywhere Circle would need to concede it was wrong or the police would need to stop asking for seizure. That looks like a stalled negotiation to us.
If Wisconsin officials were demanding Circle seize USDT then we would certainly feel for Circle. Circle is not omnipotent. There are plenty of web3 things Circle cannot do. And, obviously, it is possible for law enforcement to order someone to do something that is technically impossible for them to do. This is true of anyone and any law enforcement unit anywhere in the world. Try this one: a court could issue an order for a witness to not die before a trial. That would not have the effect of conveying immortality on the witness. Law enforcement can be wrong. But here, today, Circle is wrong.
The court wants Circle to do something that Circle can do. So we are going to make two predictions. First, Circle will eventually comply. And second, Circle will blame confusion between the legal and engineering teams for the false statements. The court should not accept that explanation. We kind of hope Circle tries the shareholder value line too. If someone says "victims are not shareholders and our fiduciary responsibility is to shareholders" that will just be too amazing for words. As odd as that outcome seems remember a listed US company is currently engaged in a dispute with law enforcement in Wisconsin in which the listed US company is just straight-up lying. This is all incredibly odd.
We have long predicted the lawyers would need to throw the engineers under the bus at some point. Honk honk.
Licensed to Shill: Retail Barely Touches Stablecoins – Treasury & Remittance Are the Real Adoption (Jeannie Lim, Xweave)
At Xweave, Jeannie Lim says her team moved $1 million for an e-commerce client in under three minutes, cutting settlement costs 30% against a Tier 2 bank’s SWIFT rate.
Lien Finance lost approximately 542,000 USDC due to a vulnerability in the bond token exchange logic. The attacker exploited this flaw to create unbacked assets and drain the protocol’s liquidity. Security researchers stated that this vulnerability allowed new tokens to be minted and exchanged for real liquidity without destroying the bond tokens.
Technical Details of the Attack Blockchain security firm SlowMist announced that the attack targeted Lien Finance’s bond exchange mechanism. The attacker used the exchangeEquivalentBonds function in the BondMakerCollateralizedEth contract to create bond tokens without destroying the input bonds and then exchanged them for USDC. This resulted in the withdrawal of approximately 542,144.63 USDC. SlowMist stated that the attack occurred because the bond groups were not sufficiently verified during the exchange. The wallet address used by the attacker was identified as 0x0d7d…1808a.
Protocol Weaknesses and Their Consequences On-chain analysis by DefimonAlerts revealed the attack occurred due to permissionless bond registration and pricing vulnerabilities. The attacker created bonds containing a malicious payment function by registering a new batch of bonds through the BondMakerCollateralizedEth contract. These bonds were routed to Lien Finance’s OTC pools and replaced with actual USDC liquidity. Following the attack, several contracts were affected, including Lien Finance’s GeneralizedDotc contract.
This incident adds another vulnerability to the recently increasing number of security breaches in DeFi protocols. In July, other protocols also suffered similar attacks, resulting in losses totaling millions of dollars. Lien Finance has not yet released a detailed technical report following this attack. Researchers note that such attacks stem from weaknesses in the protocol’s pricing and validation logic.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Samsung just made stablecoins a default feature of its mobile wallet. At Galaxy Unpacked 2026 on July 22, the company announced that Samsung Wallet will integrate native stablecoin support, with USDC among the expected options. The move effectively puts digital dollars alongside tap-to-pay, boarding passes, and loyalty cards in the pockets of hundreds of millions of Galaxy device owners.
What Samsung actually announced The stablecoin integration was revealed as part of a broader push to make Samsung Wallet a unified hub for payments, rewards, and digital assets. Samsung framed it as a “secured payments and rewards experience.”
The company hasn’t confirmed a specific launch date for the stablecoin feature. It also hasn’t officially locked in which stablecoins will be supported beyond the strong signals pointing toward USDC, Circle’s regulated dollar-pegged token.
Advertisement
The announcement didn’t happen in isolation. Samsung simultaneously unveiled the Galaxy Card, a credit card issued by Barclays and running on the Visa network, targeting US users with tiered cash-back rewards.
In 2025, the company partnered with Coinbase to give millions of US Galaxy users access to cryptocurrency services directly through their devices. That collaboration laid the groundwork for what’s coming next, essentially graduating Samsung Wallet from a non-custodial blockchain wallet with basic crypto access into something closer to a full-featured digital asset platform.
What this means for investors For Circle, the company behind USDC, this partnership could strengthen its position ahead of any potential IPO or public market activity.
There are risks worth noting. Regulatory frameworks for stablecoins remain a work in progress in many jurisdictions. Samsung will need to navigate varying compliance requirements across its global markets, which could limit the feature’s availability to certain regions initially. The US market, where the Galaxy Card is launching alongside the Barclays partnership, is the likely first target.
The 2025 Coinbase partnership gave Samsung a foundation in crypto services, but stablecoin integration represents a fundamentally different proposition. Offering users the ability to buy Bitcoin through a partner app is one thing. Embedding dollar-equivalent digital currency into the core wallet experience is another.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
24 July 2026 | 16:17 Samsung is preparing to bring stablecoins into Samsung Wallet, placing blockchain-based money alongside the cards, passes, IDs and digital keys already stored in the app.
Key Takeaways Samsung previewed native stablecoin functionality as part of the future direction of Samsung Wallet. The interface shown at Galaxy Unpacked displayed USDC with send, receive and top-up controls. Samsung also introduced its first credit card, issued by Barclays US Consumer Bank on the Visa network. The company has not confirmed the supported stablecoins, blockchain networks or custody model. No public stablecoin release date, eligible-device list or regional rollout has been announced. Samsung is expanding Wallet in two different directions: deeper integration with traditional finance and planned support for blockchain-based money.
During its Galaxy Unpacked presentation in London on July 22, the company previewed native stablecoin functionality inside Samsung Wallet. Alongside that roadmap, Samsung introduced its first credit card, the Samsung Galaxy Card, issued by Barclays US Consumer Bank on the Visa network and initially available in the United States.
The two announcements place both conventional credit and digital assets inside Samsung’s wider Wallet strategy, although they are at different stages. The Galaxy Card is a live financial product, while the stablecoin feature remains a future service with no announced release date.
Samsung previewed the stablecoin plan during its official Galaxy Unpacked presentation.
Samsung’s Lee Dinham described stablecoins as part of the next stage of the Wallet product:
“Samsung Wallet will expand beyond cash and savings. It will embrace new forms of digital value, including stablecoins.”
He added:
“This will make Samsung one of the first major mobile brands to bring native stablecoins to a smartphone, enabling fast and trusted digital value transfers.”
The comments establish Samsung’s intended direction, but they did not mark the launch of a usable stablecoin service. Galaxy users cannot yet activate the feature.
What Samsung Actually Showed Samsung displayed a Wallet interface containing a stablecoin account denominated in USDC. The screen included “Send,” “Receive” and “Top up” controls, indicating that the planned feature is intended to support transfers rather than simply show a balance.
The presentation did not include a completed blockchain transaction or explain how the account would be funded. Samsung did not identify whether top-ups would use a bank card, bank transfer, exchange account or another payment route.
USDC’s appearance should also be treated as part of the interface preview, not confirmation of a commercial agreement with Circle. Samsung did not name Circle, Tether or another stablecoin issuer and did not confirm which assets will be available when the service launches.
What Samsung Confirmed What Remains Unknown Stablecoin functionality is planned for Samsung Wallet. When the feature will become publicly available. USDC appeared in the interface shown at Unpacked. Whether USDC or another stablecoin will be supported at launch. The interface included send, receive and top-up controls. How users will fund, redeem or withdraw their balances. The feature will be accessible through Samsung Wallet. Supported countries, devices, networks, fees and transaction limits. Samsung Has Not Explained Who Will Control the Assets Samsung used the term “native stablecoins,” but did not provide a technical definition.
The wording indicates that stablecoin functions will be available through Samsung Wallet rather than requiring users to rely entirely on a separate crypto application. It does not establish whether the feature will be integrated more deeply into One UI or the Android operating system.
The more important unanswered question is whether users will control the cryptographic keys or whether a regulated provider will hold the assets on their behalf.
In a self-custodial system, the user controls the keys required to transfer the stablecoins. A custodial service instead places control with a bank, exchange or payments company, which manages transactions and account recovery subject to its own compliance requirements.
Samsung has technology capable of supporting self-custody. Its Blockchain Keystore can create and use private keys inside a Trusted Execution Environment isolated through Samsung Knox.
The Keystore can sign blockchain transactions without exposing the private key to ordinary Android applications or external cloud storage. Samsung has not said that this architecture will be used for the stablecoin service, so its existence should not be treated as confirmation of the final custody model.
The Galaxy Card Shows Samsung’s Broader Financial Push The Samsung Galaxy Card provides important context for the stablecoin announcement because it shows Wallet expanding through conventional finance at the same time.
The card is issued by Barclays US Consumer Bank and operates on the Visa network. Applications opened to the US public on July 22, and Samsung offers both a virtual version and a premium metal physical card.
The Galaxy Card can be added to Samsung Wallet, where it sits alongside compatible payment cards, IDs, passes and digital keys. Cardholders can earn increased cash rewards on eligible Samsung purchases, purchases made through Samsung Wallet and other qualifying spending.
The product does not use stablecoins and should not be presented as part of the future crypto service. Its significance is strategic: Samsung is making Wallet the interface through which users access an expanding set of financial products provided by Samsung and outside partners.
Samsung Wallet Already Has a Crypto Connection Samsung Wallet already combines payment and loyalty cards, identification documents, boarding passes and digital keys. It can also connect with Samsung Blockchain Wallet to help users monitor supported cryptocurrency holdings.
The stablecoin preview points toward a more active function. Instead of only displaying crypto balances, the interface suggests users could eventually add and transfer stablecoins without leaving the main Wallet application.
Samsung has also expanded crypto access through Coinbase. In October 2025, the companies announced that eligible US Coinbase customers could use Samsung Pay inside the Coinbase app, while Samsung Wallet users received promotional access to Coinbase One.
The companies said the initial partnership would reach more than 75 million Galaxy users in the United States. The arrangement connected users with Coinbase services, but it did not add Coinbase custody or trading directly to Samsung Wallet.
Samsung has not identified Coinbase as the provider behind the planned stablecoin feature.
Open USD Remains a Separate Development Open Standard lists Samsung Electronics and Samsung Card among the businesses participating in Open USD, a planned dollar-backed stablecoin.
Open Standard says participating companies will be able to issue and redeem Open USD without fees and receive a share of the revenue generated by the reserves after a management charge.
Coindoo previously examined Samsung’s involvement in the wider initiative when Open USD announced backing from more than 140 participating companies.
Neither Samsung nor Open Standard has connected Open USD to the stablecoin interface shown at Galaxy Unpacked. There is therefore no official basis for describing it as the launch asset or infrastructure behind Samsung Wallet’s planned service.
Samsung Could Make Stablecoins Feel Ordinary Most stablecoin services still require users to select an exchange or standalone wallet, create a separate account and understand blockchain networks, wallet addresses and custody arrangements.
Placing stablecoins inside Samsung Wallet could make the experience more familiar. Someone who already opens the application to use a credit card, boarding pass or digital key could access a stablecoin balance through the same interface.
The potential reach cannot yet be quantified. Samsung has not disclosed which Galaxy models or countries will receive support, and Wallet features already vary by device and market.
Stablecoins can also support programmable transfers in which software initiates payments for data or digital services. Coindoo’s analysis of how stablecoins could become a payment rail for AI agents examines that wider use case, although Samsung has not announced any connection between its Wallet roadmap and autonomous AI payments.
The impact of Samsung’s stablecoin plan will ultimately depend on the details it has not yet released: the supported assets and networks, the custody provider, funding and redemption methods, transaction costs and availability by region.
For now, Samsung has confirmed that stablecoins are part of Wallet’s future. Together with the Galaxy Card, the announcement shows the company widening Samsung Wallet from a place that stores payment credentials into a platform through which users may eventually access both conventional and blockchain-based financial services.
This article is provided for informational purposes only and does not constitute financial, investment or legal advice.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
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.
Coinbase has rolled out direct USDC-BRL trading and conversion for users in Brazil, giving the country’s crypto-curious population a cleaner on-ramp between the Brazilian real and the world’s second-largest stablecoin.
The feature is live on Coinbase’s dedicated Brazilian platform at coinbase.com/en-br, where users can access real-time conversion tools, trade USDC against BRL, and, in some cases, earn yield on their holdings. Promotional rewards of up to 7% annually on USDC are part of the offering.
Why Brazil, why now USDC, issued by Circle, is pegged one-to-one to the US dollar. As of late July 2026, one USDC converts to approximately R$5.08-5.10. For Brazilian users, holding USDC is functionally like holding digital dollars, without needing a US bank account or dealing with traditional forex friction.
Coinbase launched its dedicated Brazilian platform on January 23, 2026, laying the groundwork for this kind of localized feature set. Earlier reports from 2025 had flagged limitations in BRL transaction support on the exchange, so the USDC-BRL integration represents a clear upgrade from where things stood just 18 months ago.
Advertisement
Direct fiat-to-stablecoin conversion eliminates a step that previously required users to either buy Bitcoin or Ethereum first and then swap into USDC, or use a third-party service to bridge the gap.
The stablecoin playbook in emerging markets For Coinbase specifically, Brazil represents one of only a handful of regions where the exchange has explicitly built out USDC trading and conversion infrastructure.
Brazil’s regulatory landscape passed its landmark crypto regulatory framework in 2023, and the central bank has been actively developing its own digital currency, the Drex.
The 7% annual yield promotion on USDC is worth pausing on. A dollar-denominated yield product adds a layer of currency diversification on top of the return itself, providing both yield and a hedge against real depreciation simultaneously.
What this means for investors and the competitive landscape Coinbase isn’t operating in a vacuum here. Binance, Mercado Bitcoin, and other exchanges have been aggressively courting Brazilian users for years. Binance in particular has built deep roots in the country, with BRL payment integrations and localized support that predates Coinbase’s dedicated Brazilian platform launched January 23, 2026.
Brazil’s crypto framework is still relatively young, and the central bank’s Drex project could eventually introduce a government-backed digital alternative that competes directly with private stablecoins like USDC.
The 7% promotional rate on USDC is tied to what Circle can earn on the reserves backing the stablecoin. If global interest rates decline, so do the yields that make these products compelling.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Samsung has taken a significant step in the cryptocurrency world by adding stablecoin support to its mobile wallet, Samsung Wallet. At the recent Galaxy Unpacked event, it was announced that Samsung Wallet will support stablecoins like USDC. This move brings digital dollars into the pockets of hundreds of millions of Galaxy device users.
Innovations Announced by Samsung Stablecoin integration was introduced as part of an effort to make Samsung Wallet a unified hub for payments, rewards, and digital assets. Samsung framed this innovation as a “secure payments and rewards experience.” A definitive launch date for the stablecoin feature has not yet been announced, and it hasn’t been officially confirmed which stablecoins will be supported besides USDC. However, there are strong indications that USDC will be supported.
This announcement came alongside Samsung’s introduction of the Galaxy Card, issued by Barclays and operating on the Visa network. This credit card offers various cashback rewards to US users. A partnership with Coinbase in 2025 provided millions of US Galaxy users with access to cryptocurrency services directly through their devices, laying a significant foundation for transforming Samsung Wallet into a more comprehensive digital asset platform.
What it Means for Investors For Circle, the company behind USDC, this partnership could strengthen its position ahead of a potential IPO or market activity. However, regulatory frameworks for stablecoins are still under development in many regions. Samsung will have to overcome varying compliance requirements in its global markets, which could initially lead to the feature being limited to certain regions. The Galaxy Card, in partnership with Barclays, is likely to launch in the US market as the first target.
The partnership with Coinbase in 2025 provided Samsung with a foundation in crypto services, but stablecoin integration offers an entirely different proposition. It’s one thing to offer users the ability to buy Bitcoin through a partner app, but integrating the dollar equivalent of digital currency into the core wallet experience is quite another.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
All REP holders must migrate their tokens by August 1, 2026, to remain part of the active Augur ecosystem Augur, one of Ethereum’s earliest decentralized prediction-market and oracle projects, today announced that the second and final phase of its Moon Fork is entering its final days, with the two-month migration window for all holders of its REP token closing on August 1.
REP holders must migrate their tokens 1:1 into an outcome-specific version of REP by August 1, 2026. Migration is one-way and irreversible. Tokens that remain in the legacy Augur universe after the window closes will no longer be able to follow the active protocol and are likely to lose their economic value. After that point, unmigrated REP can no longer be converted.
Migration tooling is available through Augur’s official fork interface at 6.augurfork.eth.limo, together with a step-by-step guide and frequently asked questions.
The fork is a live demonstration of how a decentralized system can defend a truthful outcome without any central authority ruling on the result. That security depends on participation: REP only protects the protocol when its holders act.
A live test of Augur’s economic security model The Moon Fork began on April 8 with an intentionally escalated dispute over the question: Did the Artemis II mission successfully lift off in the first week of April?
The dispute was initiated by longtime Augur community member Micah Zoltu to test the protocol’s full resolution process under real economic conditions. The correct outcome was “Yes.”
The process was designed to test the mechanism from beginning to end, including participant incentives, capital formation, dispute escalation and token migration. Augur entered the fork after enough REP was committed across successive dispute rounds to activate the protocol’s final resolution backstop.
The fork consists of two phases.
Phase one: The escalation game From April through early June, REP holders could stake on competing answers through a series of increasingly expensive dispute rounds.
Each round required more capital than the one before it. Participants staking on the ultimately accepted outcome were eligible to earn a return funded by the losing side, creating a financial incentive for the wider market to oppose manipulation.
“Most people will interact with Augur during the escalation game, which lets outcomes battle it out by seeing who can raise more money. The losers pay out the winners. Since it’s easier to raise money on an outcome people believe to be true, that’s the one with the advantage. So in this phase we try to outspend the attacker, and if we can’t, we go to phase two,” said Phill Monastirsky, co-founder of the Lituus Foundation, which stewards Augur.
The escalation process continued until the dispute reached Augur’s fork threshold. Phase one is now complete.
Phase two: Mandatory REP migration The protocol has now split into separate outcome-specific universes. Every REP holder must choose a universe and migrate their REP into the corresponding token.
“Failing to outspend the attacker, we now try to maximize their cost by forcing them into a worthless token,” said Phill. “The protocol splits into tokens corresponding to the possible outcomes, with 51% required to win. Since future Augur fees only continue on the truthful token, the attacker is forced to move 51% of the token supply into something worthless. In the Augur Lituus design, this rises to near 100%. As long as it costs them more to do that than they gain from misresolving the market, we are safe.”
Future official Augur development funded by the Lituus Foundation will continue on the universe corresponding with the truthful outcome: that Artemis II successfully lifted off during the period specified by the market.
The Foundation has migrated its own holdings and added liquidity to the corresponding token.
What REP holders need to do REP holders should take the following steps before August 1:
Hold REP in a self-custodied Ethereum wallet or confirm that their exchange will support the migration Visit 6.augurfork.eth.limo/#/migration Connect the wallet holding REP Migrate REP 1:1 into the outcome-specific token corresponding with the truthful result Confirm receipt of the new REP token in the connected wallet Migration cannot be reversed once completed.
REP held on centralized exchanges may require action by the exchange rather than the individual user. The Lituus Foundation has been working with exchanges to support migration on behalf of their users. Kraken has confirmed support; other exchanges have not, and holders should not assume support unless their exchange states it explicitly. Current exchange-support status is maintained at v3.augur.net/#exchange-support.
Exchange support may change during the migration period. Holders who cannot confirm support should withdraw their REP to a self-custodied wallet and complete the migration directly.
Why the fork matters Prediction-market platforms ultimately depend on a resolution process to determine which outcome occurred and where funds should be paid.
Many systems rely on companies, committees, token votes, multisigs or discretionary intervention. Augur was designed around a different model: an open economic process in which participants can challenge an outcome and are financially rewarded for defending the result the broader market recognizes as true.
When a dispute reaches the fork stage, REP separates into tokens associated with each possible outcome. Holders decide which universe will carry the protocol’s future economic activity by migrating into it.
The design shifts the security question away from whether a sufficiently wealthy attacker can temporarily influence a vote. Instead, it asks whether an attacker is willing to acquire and sacrifice enough REP to support a false universe that users, developers and liquidity providers may subsequently abandon.
Demonstrating the mechanism behind Augur’s next chapter The Moon Fork is testing Augur v2’s dispute architecture. Future implementations will differ from the original system, but the live exercise demonstrates the escalation-and-fork pattern underpinning Augur’s continuing oracle research.
That work includes Augur Lituus, a proposed modular resolution layer designed to allow prediction markets and other applications to outsource disputed real-world outcomes to an open, economically secured oracle.
The Lituus Foundation is funding continued work on Augur’s decentralized resolution infrastructure. The prediction-market platform under development through the separate Dark Florist workstream is expected to support the branches created through the fork, rather than the legacy unmigrated REP token.
The live migration provides a practical demonstration of Augur’s core thesis: a prediction market should not depend on any single party having the authority to declare what happened.
Important migration information Migration deadline: August 1, 2026
Migration ratio: 1:1
Migration status: Mandatory for holders who want to remain part of the active Augur ecosystem
Migration direction: One-way and irreversible
Migration portal: 6.augurfork.eth.limo/#/migration
Holders should consult the official migration interface and Augur channels for the latest technical instructions and exchange-support updates.
About Augur Augur is a decentralized prediction-market and oracle project originally built on Ethereum. Its dispute system uses open participation and economic incentives, with algorithmic forking as a final backstop, to resolve contested real-world outcomes.
About the Lituus Foundation The Lituus Foundation stewards the revival and continued development of Augur. The Foundation supports open-source development carrying Augur’s oracle research and engineering forward.
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Zcash (ZEC) price hovers around $500 on Friday after five consecutive days of losses, testing a crucial support cluster. The privacy coin holds retail strength, with a positive funding rate despite over $2 million in liquidations over the last 24 hours, suggesting bullish bias persists. Technically, the easing bullish momentum risks a steeper decline below its 50-day Exponential Moving Average (EMA) around $489.
Retail demand in limboZcash derivatives witnesses firm retail demand despite a bullish positional wipeout. CoinGlass data shows a positive funding rate of 0.0076% on Friday, reflecting steady demand among traders to buy long positions at a premium despite a contraction in Open Interest (OI) and trading volume.
ZEC futures OI is down 3% over the last 24 hours to $998.72 million, with a 2% decline in trading volume to $1.27 billion, together suggesting an easing notional value of active positions as price drops and reduced retail activity.
However, the long liquidations of $1.64 million outpace short liquidations of $474,280 over the last 24 hours, indicating that bullish traders are facing margin calls. Despite the positional wipeout, the long-to-short ratio of 1.0245 suggests nearly equal active long and short contracts, although their weightings may differ.
Zcash derivatives data. Source: CoinGlassWill ZEC price hold above $500?Zcash tests a local support trendline near $500 on Friday, supported by the 50-day EMA at $489 and sits well over the 200-day EMA at $408. The privacy coin also trades above the 50% retracement of the recent downswing from $690 to $250, at $470, suggesting the broader uptrend is still intact despite the recent pullback.
From a technical perspective, Zcash is poised for a deeper correction below the $500 psychological mark. A sustained close below the 50-day EMA at $489 and 50% retracement at $470 could extend the decline to the 200-day EMA at $408.
That said, the Relative Strength Index (RSI) at 51 shows a downward trend toward the neutral midline as buying pressure wanes. At the same time, the Moving Average Convergence Divergence (MACD) crosses below its signal, hinting at renewed bearish pressure.
ZEC/USDT daily price chart.On the topside, immediate resistance emerges at the 78.6% Fibonacci retracement around $595, reinforced by the overhead trendline near $600. A sustained break above this level would open the way toward the prior swing high area near $690.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Zcash price has fallen toward the $500 psychological support as a 4-hour breakdown, leveraged liquidations, and caution before the Ironwood upgrade have weakened market sentiment.
Summary
Zcash price has fallen toward $500 after losing $520 and triggering more than $2 million in long liquidations. Bulls must reclaim $530 to neutralize the bearish structure, while $550 remains the main breakout level. A daily close below $477 could expose $466 and the rounded-top target near $371. According to data from crypto.news, Zcash (ZEC) price traded near $502 on July 24 after losing about 5.5% over the past week. Sellers took control after the token lost $520, while more than $2 million in long positions were liquidated over 24 hours. Automated stop orders added pressure once price slipped through intermediate support at $510.
Outside crypto, Thursday’s technology rout reduced demand for risk assets. The Magnificent Seven erased about $797 billion in market value after Alphabet and Tesla’s earnings raised concerns over heavy artificial intelligence spending. The Nasdaq Composite fell more than 2%, while Tesla dropped 14% and Alphabet lost almost 7%.
Oil and bond markets added another obstacle. Brent crude briefly moved above $100 after Houthi attacks on two Saudi tankers raised fears of disruption in the Red Sea. The 10-year U.S. Treasury yield reached an 18-month high near 4.70%, making speculative assets less attractive as traders reconsidered expectations for lower interest rates.
Crypto funds also lost institutional capital during the selloff. U.S. spot Bitcoin exchange-traded funds recorded $225 million in net outflows on July 23. BlackRock’s IBIT accounted for $202 million of the withdrawals, extending the defensive mood into altcoins such as ZEC.
Zcash price must reclaim $530 to repair its short-term structure On the daily chart, ZEC has fallen below its 20-day simple moving average at $514.77 but remains above the 50-day SMA at $477.05 and the 100-day SMA at $466.50. Those averages form the first major support area if bulls cannot hold $500. The 200-day SMA sits much lower at $382.96.
Zcash price daily chart — July 24 | Source: crypto.news Bear-bull power has dropped to minus 25.48, which shows that sellers have gained control after ZEC’s rejection near $570. However, the token remains above its medium- and long-term averages, leaving the daily recovery structure intact unless price closes decisively below the $466–$477 zone.
The 4-hour chart carries a more bearish setup. ZEC has formed a rounded-top structure since its July 15 peak near $580, with price now testing the $500 area. A confirmed breakdown could extend toward $470 before exposing the pattern’s main support and projected target around $370.69.
Zcash price has been forming a rounded-top pattern on the 4-hour chart — July 24 | Source: crypto.news Momentum readings have yet to confirm a reversal. The 4-hour Relative Strength Index stands at 35.11, close to oversold territory but still above 30. The Moving Average Convergence Divergence line remains below its signal line at minus 9.15 versus minus 8.65, while the negative histogram shows that sellers retain an advantage.
According to trader Ardi, $500 has become the main liquidity pivot after ZEC lost $520. The trader expects a brief move below the threshold before any sustained recovery and wrote:
“A reclaim of $530 would return the chart to neutral and likely begin a sideways consolidation phase.”
Ardi identified $550 as the level that would fully break the current bearish structure. Beyond it, $620 would become the next macro breakout barrier. Failure to protect $500, however, could force the trader to close the remaining long position established near $425.
CoinGlass’s three-day liquidation heatmap places the strongest overhead concentration between $524 and $529. A rebound into that band could force short sellers to exit and help ZEC challenge Ardi’s $530 neutral level. Below the market, another dense leverage pocket sits around $490–$494, making that range a likely destination if $500 gives way.
Zcash liquidation heatmap | Source: CoinGlass Derivatives traders have not turned fully bearish. ZEC’s funding rate remained positive at approximately 0.0076%, showing that long positions still pay shorts. Yet falling open interest and weaker spot volume show that fewer traders are willing to carry leverage through the current decline, limiting the fuel available for an immediate rebound.
Loss of $477 would invalidate the remaining bullish setup Ironwood, also known as NU6.3, will activate at block 3,428,143 on July 28. The upgrade will retire the vulnerable Orchard shielded pool and introduce a corrected pool. Funds leaving Orchard must pass through an accounting turnstile designed to prevent more ZEC from exiting than originally entered.
Zcash founder Zooko Wilcox has explained that the process cannot identify individual counterfeit coins or prove that the flaw was never exploited. Temporary wallet and exchange interruptions may occur as service providers update their systems, giving short-term traders another reason to reduce exposure before activation.
Zakura offers a longer-term counterweight to those concerns. The new Rust-based full-node client targets 50,000 private transactions per second and can reportedly start from a pruned snapshot in under two minutes. Still, the development has not stopped the current price correction.
A daily close below the 50-day SMA at $477.05 would weaken the primary recovery thesis and expose $466.50, followed by the June support region near $370. Continued ETF withdrawals, high Treasury yields, another oil spike, or complications during Ironwood activation would increase that downside risk. Bulls must first defend $500 and reclaim $530 before ZEC can make another attempt at $550.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Blockchain analytics firm Santiment has ranked Hedera ($HBAR), Chainlink ($LINK), and Avalanche ($AVAX) as the top three crypto projects by real-world asset (RWA) development activity, based on 30-day GitHub data.
How the Rankings Stack Up Hedera retained the number one position, holding a development activity score of 278.17, according to Santiment data. Chainlink followed in second place with 215.37 points, while Avalanche ranked third at 135.13. Stellar ($XLM) climbed to fourth with a score of 110.9, rounding out a clear top tier ahead of the rest of the field.
The broader top ten includes IOTA ($IOTA), Chia ($XCH), Injective ($INJ), Dusk Network ($DUSK), VeChain ($VET), and Centrifuge ($CFG). Santiment's directional indicators, which track each project's monthly ranking movement, showed Injective, Dusk, and Centrifuge rising, while VeChain slipped lower.
Santiment's methodology measures notable GitHub contributions over a rolling 30-day window, pulling data directly from project repositories. The metric tracks development work rather than price performance, making it a gauge of sustained builder commitment.
Why Development Activity Matters for RWAs High development activity in the RWA space typically signals ongoing protocol upgrades, active code contributions, ecosystem expansion, and institutional integration efforts. While it does not map directly to price performance, it is widely treated as a long-term indicator of ecosystem health.
These three networks are at the centre of efforts to integrate physical and financial assets, including treasuries, bonds, and other traditional instruments, into blockchain infrastructure. Hedera's leading position reflects its continued push into enterprise adoption, while Chainlink's role as a leading oracle provider makes it a key connector between off-chain data and on-chain applications. Avalanche, meanwhile, has seen recent integrations with banks and asset managers deploying tokenized funds.
With RWA tokenization gaining momentum as a major crypto narrative in 2026, the projects leading in developer activity may be best placed to capture the next wave of institutional adoption.
Sources:
Crypto Economy: Hedera, Chainlink, and Avalanche Emerge as Core RWA Hubs
Crypto News Flash: Hedera, Chainlink, and Avalanche Lead RWA Developer Growth
@ponsdotfamily, the leading token launchpad on @RobinhoodApp's Robinhood Chain, has once again grabbed market attention. The $PONS token is up roughly 35% over the past 24 hours and has gained nearly 800% over the past seven days, making it one of the most talked-about assets in the Robinhood Chain ecosystem.
A Platform Taking Shape on Robinhood Chain Pons is a non-custodial launchpad built for utility or equity tokens with a fixed supply. It has rapidly become one of the largest sources of new tokens on Robinhood Chain, absorbing a significant share of the network's token-creation activity after an earlier launchpad called NOXA stopped accepting new projects. The platform has drawn frequent comparisons to Pump.fun on Solana, though Pons uses a different launch and liquidity model.
Over 50,000 tokens have been launched on Pons. The platform recorded 58,000 daily active addresses, making it Robinhood Chain's busiest launchpad. The broader network has also expanded sharply: Robinhood Chain has surpassed $300 million in total value locked, emerging as one of the busiest Ethereum Layer 2 networks for speculative trading.
Part of the recent price momentum has been driven by social media attention. On July 21, 2026, PONS briefly reached a $39 million market cap after Robinhood CEO Vlad Tenev highlighted PONS founder MEADGod on social media. The platform's new limit order functionality also contributed, with continued social media activity driving an intraday gain of over 129% on July 22.
V2 Upgrade Targets Creators and Real-World Assets The upcoming V2 release is the clearest catalyst yet for the protocol's longer-term positioning. Pons V2 introduces an ETH-based bonding curve and Uniswap V4 integration, and will support custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD.
The Pons team has redesigned their fee structure so creators will now collect fees in $ETH by default, instead of accumulating fees in the launched token, using the new Uniswap V4 pools. Alongside ETH payouts by default, creators will have the option at deployment to receive payouts in another supported asset.
The V2 contracts are expected to be deployed after ongoing audits are completed, with token launches initially taking place through the platform's ponsfamily.com domain. The team noted that the contracts are still undergoing audits with two partners, meaning every feature remains subject to change until deployment.
$PONS remains a highly speculative asset on a network that is only weeks old. Traders should weigh the rapid price appreciation against the risks of a nascent ecosystem.
Sources:
Crypto.news: Robinhood Chain launchpad Pons announces V2 with Uniswap V4 upgrade
AMBCrypto: Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions
CoinGecko: Pons (PONS) Price and Market Data
Uniswap, the decentralized exchange protocol, has introduced Permissioned Pools on its v4 framework, enabling compliant trading of regulated assets directly onchain with integrated allowlist checks. The development aims to simplify regulatory compliance for issuers managing tokenized funds, securities, and equities on decentralized markets.
Compliance checks move onchain with new hook standardPermissioned Pools use a novel hook system in Uniswap v4, expanding pool functionality while maintaining the protocol’s core security standards. This setup allows issuers to create pools that enforce user eligibility by referencing an issuer-controlled allowlist before any trade or liquidity addition occurs.
Unlike previous solutions, which relied on separate frontend layers, these compliance checks now occur entirely at the protocol level. Issuers retain authority over their allowlists, determining who can access regulated pools. Once approved, users gain direct onchain trading and settlement through the Uniswap v4 platform.
The new design leverages Uniswap v4’s virtual accounting system for all exchange calculations, ensuring permissioned assets remain within regulated smart contracts at all times.
Permissioned Pools address the longstanding tradeoff DeFi issuers faced between composability and regulatory oversight, allowing both flexibility and compliance without sacrificing one for the other.
Uniswap Labs worked alongside Superstate, Securitize, and Dowgo to develop this standard, positioning it as an alternative to front-end gatekeeping while offering full protocol-level controls.
Mini dictionary: Allowlist (also known as a whitelist), is a user list that restricts access to specific features or pools, permitting only approved participants to interact with smart contracts—essential for regulatory compliance in tokenized securities trading.
Launch partners: Superstate, Securitize, and DowgoSuperstate, a firm specializing in tokenized equities and funds, participated early in the design process for the new standard. Securitize, which operates a compliance infrastructure for tokenized securities, contributed expertise in enabling its DS Protocol tokens to trade directly onchain. Dowgo, supporting the ERC-3643 token standard, integrated the technical components that facilitate these compliant pools.
Dowgo’s rollout plans depend on securing DLT TSS authorization within the European Union’s DLT Pilot Regime, which seeks to foster regulated trading of tokenized securities.
Uniswap noted that these partners represent a growing group of issuers seeking regulatory-compliant access to decentralized automated market makers.
Uniswap highlights that Permissioned Pools mark the first generalized, open source protocol catering to regulated onchain asset markets, which could grow to $11 trillion by 2030.
Mini dictionary: ERC-3643 is an Ethereum token standard designed for permissioned and regulated assets, supporting advanced compliance features like identity verification and transfer restrictions.
Implications for developers and the tokenized asset marketDevelopers building on Uniswap v4 can now choose between deploying fully permissionless pools or restricting access through the new Permissioned Pools structure. While the protocol itself remains open, individual pools can enforce compliance rules determined by each issuer.
By collaborating with partners focused on tokenized funds and regulated assets, Uniswap aims to lay the groundwork for trusted, compliant onchain value movement. The company expects wider adoption as more issuers seek infrastructure suitable for fund, security, and equity tokenization.
No timeline has been given for further integrations, but initial deployments from Superstate, Securitize, and Dowgo position the feature at the forefront of regulated DeFi innovation.
PartnerRole in Permissioned PoolsFocus AreaSuperstateDesign and standard partnerTokenized equities and fundsSecuritizeCompliance infrastructureTokenized securities, DS ProtocolDowgoERC-3643 integrationRegulated securities, EU DLT RegimeDisclaimer: 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.
VanEck Head of Digital Assets Research Matthew Sigel believes the next crypto bull market will be driven not by meme coins or speculative trading, but by the convergence of blockchain technology and traditional finance.
• Robinhood Markets stock is under selling pressure. What’s driving HOOD stock lower?
HYPE, HOOD Early LeadersHe added that Hyperliquid is on pace to generate $800 million in annualized revenue while using 99% of protocol revenue to repurchase HYPE tokens, reducing circulating supply.
Despite the crypto downturn, Hyperliquid has climbed roughly 146% this year. Sigel said the token could still double in value while remaining reasonably valued.
Robinhood’s recently launched Layer-2 blockchain is one of the strongest examples of financial convergence. Within two weeks of launch, Robinhood Chain reportedly attracted more than $300 million in deposits while processing roughly 3.6 million daily transactions.
Although much of the early activity involved meme coins rather than equities, he believes the underlying infrastructure has already demonstrated meaningful adoption.
Winners In The Next CycleSigel said crypto is beginning to show signs of forming a market bottom.
Since July 1, Bitcoin has gained roughly 9% while the Nasdaq-100 has declined about 6%, spot ETF flows have turned positive and market sentiment has improved.
The second category includes established financial companies aggressively adopting blockchain infrastructure rather than limiting themselves to pilot programs.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Decentralized exchange Uniswap has launched its first permissioned pools to advance its tokenization push. The pools will be available on Uniswap V4 in partnership with tokenized asset issuers Securitize, Superstate, and Dowgo.
According to Uniswap CEO Hayden Adams, the move is aimed at bringing “regulated assets onchain.”
Uniswap protocol is infrastructure for all onchain trading. Some regulated tokens and use cases require permissioned trading. Uniswap v4 can now more easily support these use cases through this new hook.
The new pool will restrict swaps and liquidity linked to tokenized stocks and ETFs to an allowlist of approved wallets.
Any sanctioned entity will automatically be flagged and blocked. To some extent, this is the centralization of a portion of the DEX to achieve key compliance checks for trading of regulated tokenized assets.
Uniswap’s bet on $11T tokenized market boom The tokenized market is currently valued at $36B, but is expected to hit $11 trillion in the next four years. Since the SEC applies a technology-neutral stance on tokenized securities, the same traditional disclosure requirements and monitoring will apply in the onchain market too.
Source: Chiara M. /LinkedIn
In fact, attempts by the DeFi industry to push for exemption or limited legal liability have been strongly opposed by traditional stock exchanges and operators like Citadel Securities.
For the TradFi players, all legal responsibilities should apply to anyone handling tokenized securities, whether the platform is non-custodial or not.
As such, the permissioned pools are one way DeFi players like Uniswap seek to ride the tokenization boom while remaining compliant.
If Uniswap captures a fraction of the expected tokenization boom, it could drive more volume and revenue.
That said, the DeFi project has activated several protocol fees across various versions and chains in the past few months. So far, the protocol has generated a cumulative of $5.6B in fees, mostly going to liquidity providers.
Source: DeFiLlama In contrast, the protocol’s revenue has remained low at about $27M. The push for protocol fees shared with the liquidity providers could help drive more revenue for the UNI buyback.
So far in 2026, the project has burned about 6-8 million UNI, translating to an average of 1M UNI burned per month.
Can UNI extend its rally? Notably, the recent Uniswap traction on Robinhood Chain fueled the July rally, boosting UNI to surge by nearly 61% from the June lows.
The altcoin was valued at $3.84 at press time and was above the 200-day Moving Average (MA, blue line). This meant that the long-term market structure was bullish.
As such, UNI could extend the rally to the Q2 peak level at $4.17, implying an extra 12% upside potential.
Source: UNI/USDT, TradingView The bullish set-up would be invalidated if UNI slips below the 200-day MA, currently at $3.6. Such a move would trigger a potential pullback to the 50-day MA at $3.3.
Final Summary Uniswap targets the $11T tokenized market with permissioned pools UNI has rallied 60% since June and could extend the gains to 70%
The Solana spot margin protocol now offers leverage and lending across 700+ live markets, spanning long-tail assets, tokenized stocks, and real-world assets. Every position is spot leverage on the real asset, not a synthetic future.
Lavarage, the spot margin protocol for any token on Solana, now runs across 700+ live markets and closes two gaps that perpetual futures cannot reach: brand-new tokens before any futures market exists, and tokenized real-world assets where ownership matters. The through-line: leverage what matters, own what you trade.
The update targets a widening gap in on-chain markets: the assets people want to trade are growing fast at both ends, Solana now mints tens of thousands of new tokens a day and processes more than 95% of all tokenized-equity trading, while leverage has stayed locked to a handful of liquid markets.
Gap one: new assets, before a futures market exists
Solana empowers seamless assets creation on-chain: from serious project tokens all the way to meme tokens — as many as 47,619 minted in a single day (June 2026, per CryptoRank). The biggest moves and opportunities come before any futures market forms. Lavarage can spin up a spot leverage market for a new asset immediately, using liquidity already on-chain, so traders can act while it matters.
Gap two: assets where ownership matters
The second gap is capital efficiency for assets worth owning, not just betting on — tokenized real-world assets that carry long-term ownership benefits. Tokenized stocks on Solana crossed $4.9 billion in volume in H1 2026 (Crypto Briefing), roughly six times the prior half-year. For these, spot leverage beats a perpetual: you get leverage on the asset while still owning the real token. So any ownership benefits stay with you, instead of holding a synthetic derivative of it.
Benefits for traders
Spot leverage, not synthetic futures. Every position is opened with the actual asset, which the trader has the option to own. Any token on Solana. 700+ tokens have live margin markets today, the majority of which have no perpetual futures market yet. Best-offer matching. Traders are automatically matched to the loan offer with the most favourable terms, and loans are continuous with much more stable funding cost. Isolated positions. Isolation means no platform-wise auto-deleveraging. Benefits for lenders
Lenders earn real yield as interest paid by traders who borrow to open long or short positions, yield generated directly by spot-leverage borrow demand, on any asset they lend. Every loan is over-collateralized and isolated. Lenders can participate actively, creating offers and setting their own terms, or passively, by staking into existing lending vaults, which have recently paid roughly 30% APY on SOL and roughly 14% on USDC as of July 2026, variable with utilization.
Founder comment
“Perpetual futures are great for a handful of highly liquid assets. But for a new token, the moment that matters most comes before any futures market exists. For real-world assets, owning the thing you trade is the whole point,” said Tgen, co-founder of Lavarage. “Those are the two gaps we close with spot leverage. Leverage what matters, own what you trade.”
Lavarage by the numbers (July 2026)
$200M+ in cumulative volume 10,000+ unique traders 80,000+ positions opened 5,000+ tokens traded with leverage $1M+ in fees paid out to integration partners Live on Solana mainnet since 2024 Margin trade any token on Solana → v2.lavarage.xyz
About Lavarage
Lavarage is a spot margin protocol on Solana that lets traders take leverage on any token — from day-one launches to tokenized real-world assets — while holding the real asset, not a synthetic derivative. Lenders supply the liquidity, actively by setting their own terms or passively by staking into vaults, and earn interest from borrow demand. Lavarage has processed $200M+ in volume across 700+ live markets and has been live on Solana mainnet since early 2024, built on audited code (Code4rena and Sec3). Learn more at lavarage.xyz.
Tokenized equities referenced are issued by third parties via Backpack Securities and Sunrise on Solana; per-token disclaimers apply on the live product, and backing and redeemability are the issuer’s claim — do your own research. Not available to US persons. Not financial advice. Leverage trading carries risk of loss, including liquidation.
BloFin Wallet has reached a significant milestone in its evolution, introducing Perpetual Contract Trading and the BloFin Wallet Visa Card, two updates that push the wallet well beyond what most crypto wallets are built to do.
From Holding to Trading: Perpetual Contracts Now Live BloFin Wallet users can now trade perpetual contracts directly from their wallet, with access to 100+ tokens spanning both cryptocurrency and tradfi assets. Instead of moving funds to a separate exchange, users can trade within the same wallet they already use for swaps, onramp, and earn.
The update also introduces a referral program tied to perpetual trading. Users can share their invite link and earn fee rebates based on their referrals’ trading activity, creating a direct connection between community growth and personal reward.
The Next Era of Finance BloFin Wallet has also launched the BloFin Wallet Card, a Visa card that lets users spend their digital assets wherever Visa is accepted. The card supports Apple Pay and Google Pay, carries zero issuance and annual fees, and imposes no lock-up period on funds. Users hold their assets until the moment of purchase.
The next phase of digital finance will not be defined by another standalone wallet, exchange, payment card, or yield product. It will be defined by how seamlessly these functions work together. Users increasingly expect to trade, hold, earn, and spend from a single financial environment, without repeatedly moving funds between platforms, waiting through settlement delays, or sacrificing control of their assets. BloFin Wallet is helping pioneer this all-in-one experience. Its ambition extends beyond asset storage: it is building a unified gateway where digital assets can move naturally between investment, trading, yield generation, and everyday spending. By reducing the friction between these activities, BloFin Wallet aims to make crypto capital as accessible and useful as money in a traditional account, while preserving the speed and flexibility of digital markets
The BloFin Wallet Card is a key part of that vision. Alongside the card, BloFin Wallet offers an Earn product with unlimited 6%+ APY, enabling users to put idle assets to work while keeping them accessible. Together, Card and Earn create a more efficient capital loop: assets can remain productive when not being spent, stay available when opportunities arise, and be used directly for real-world payments when needed. This reflects a broader shift in the market. Crypto users are moving beyond speculation alone and increasingly looking for practical financial utility. At the same time, fragmented experiences, one platform for trading, another for custody, another for yield, and another for payments, are becoming less acceptable. The platforms positioned to lead the next cycle will be those that combine deep liquidity, capital efficiency, payment access, and intuitive asset management within one connected experience.
BloFin Wallet’s long-term opportunity is to become a financial operating system for the digital-asset economy: one place where users can enter the market, manage risk, grow their assets, and use their wealth in everyday life. The future of finance will not ask users to choose between trading and spending, or between earning and accessibility. It will bring all of these experiences together, and make the transitions between them nearly invisible.
Trade Smarter, Hold Safer Taken together, these updates say something about where BloFin Wallet is headed. Where most wallets stop at storage and swaps, BloFin Wallet now covers the full arc from on-chain trading to real-world spending, with earning opportunities built in throughout. The BloFin Wallet app is available on the Google Play Store and the Apple App Store.
About BloFin Wallet BloFin Wallet is an on-chain wallet designed to support secure, self-custodied management of digital assets across multiple blockchain networks. The wallet allows users to store, manage, and interact with their crypto assets while maintaining full ownership and control. BloFin Wallet supports multi-chain asset management, primarily across major EVM and Solana networks, and provides access to on-chain applications and services. It is also integrated with the BloFin ecosystem, enabling users to connect their wallet assets with BloFin’s broader financial services. With a focus on security, usability, and interoperability, BloFin Wallet serves as a practical entry point for users engaging with the ecosystem. For more information, please visit wallet.blofin.com.
Morgan Stanley has gained approval to list and trade its Ethereum and Solana ETFs on NYSE Arca as the issuer submitted 8-A and other filings with the US SEC. The Wall Street giant could soon launch its spot Ethereum and Solana ETFs.
Morgan Stanley Ethereum ETF Gains Approval According to the latest SEC filing, Morgan Stanley has gained approval to list shares of its spot Ethereum ETF from NYSE Arca. The ETF will list and trade on NYSE Arca under the ticker symbol MSSE.
Morgan Stanley has also filed 424B3, with no details on the fee waiver. The filing has become auto-effective pursuant to Section 12(b) of the Exchange Act, pending CERT filing for details on the trading date.
As CoinGape earlier reported, Morgan Stanley updated delegated sponsor, Coinbase Prime, Coinbase custodial and trade finance agreements. The latest amendment indicates the Morgan Stanley Ethereum ETF could become effective soon.
The spot Ethereum ETF will levy a sponsor fee of 0.14%. Also, it plans to stake 50-80% of holdings via providers such as Figment, Galaxy Blockchain, and Coinbase Canada. Notably, staking services providers and custodians are to receive only 5% of the staking rewards.
Morgan Stanley Investment Management, the delegated sponsor, said it will not receive or retain the remaining staking rewards, resulting in higher earnings for investors.
Moreover, The Bank of New York Mellon and Coinbase Custody will serve as custodians for the Morgan Stanley Ethereum ETF.
NYSE Arca Approves Wall Street Giant’s Solana ETF Listing Morgan Stanley also filed 8-A and 424B3 with the US SEC for its spot Solana ETF. NYSE Arca has also approved Morgan Stanley Solana ETF to list and trade under the ticker MSOL.
Notably, the approval comes as $10 trillion Morgan Stanley’s brokerage firm E*TRADE completed the rollout of spot Bitcoin, Ethereum, and Solana trading. Clients can buy, sell, and hold crypto in a linked Zerohash account.
Morgan Stanley Solana ETF will have a 0.14% management fee. Also, the issuer plans to stake up to 100% of SOL holdings through Figment, Galaxy Blockchain, and Coinbase Canada.
The staking rewards distribution mechanism for staking service providers, custodians, and investors is the same as in the Morgan Stanley Ethereum ETF. Cash custodians, crypto custodians, administrator, transfer agent, and marketing agent are similar to those of its Morgan Stanley Bitcoin ETF.
The MSBT holds over $391 million in total assets, with BTC holdings worth over $396 million. MSBT saw $5 million in inflows in the latest session, while spot Bitcoin ETFs recorded $255.18 million in outflows.
While Morgan Stanley plans to capture passive yields internally for its ETF, retail investors looking for direct control over their assets can explore the best crypto staking platforms to earn competitive APYs on their Ethereum and Solana holdings.
@Byreal_io, an AI-native decentralized exchange built on Solana and incubated by Bybit, has crossed the $4 billion mark in total trading volume, marking a significant milestone for one of the most distinctly positioned DEX platforms in the current DeFi cycle.
From Bybit's Incubator to a Billion-Dollar Venue Byreal is a decentralized exchange built on the Solana blockchain and incubated by Bybit, the world's second-largest cryptocurrency exchange. The platform crossed $1 billion in cumulative trading volume just 10 weeks after its mainnet launch in early October 2025. The latest $4 billion figure represents a substantial acceleration from that early pace.
Byreal marked its first anniversary since launching on the Solana testnet on 30 June 2025, and over the past year has grown into a primary liquidity venue for tokenized real-world assets (RWA) and established itself as one of the first AI agent-native exchanges in DeFi. Through deep integration with Bybit Alpha, Byreal became the top Day 1 trading volume venue on Solana for multiple new tokens, including BP, MON, ARX, SKR, and BRIB, bridging centralized exchange liquidity with on-chain markets from launch day.
AI Agents as Full-Fledged On-Chain Traders Byreal brings together trading, liquidity provision, and yield generation into one unified on-chain platform, built from the ground up as an AI agent-native DEX that enables both human users and AI agents to trade, swap, and provide liquidity programmatically on Solana. This architecture is central to the platform's growth story. Rather than treating AI participation as an add-on, Byreal has made autonomous agent trading a core design principle.
Byreal uses a dual-execution engine that routes trades through both on-chain concentrated liquidity pools (CLMM) and an off-chain Request-for-Quote (RFQ) system, dynamically selecting the best execution path for tighter spreads, lower slippage, and MEV protection. Sub-200ms latency, powered by high-performance RPC infrastructure, supports institutional-grade execution speed. Solana's sub-second finality makes it a natural fit for the kind of high-frequency, multi-agent activity the platform is designed to support.
Over the past year, Byreal has expanded its product suite across three verticals on a single platform: Real Farmer, the first copy-farming product on Solana; Perps, offering up to 50x leverage trading for both equities and crypto; and Predict, an on-chain market for trading real-world outcomes.
In April 2026, Byreal announced the launch of Byreal Perps Agent Skills, extending its agent-native trading infrastructure to perpetual futures. Users can now trade perps through natural language commands via RealClaw, with no manual order entry, no separate interfaces, and no bridging required.
Sources:
Byreal First Anniversary: Chainwire
Byreal Official Documentation
Byreal Perps Agent Skills Launch: PR Newswire
Circle has minted an additional 250 million USDC on the Solana blockchain, increasing the total issuance on the network to approximately $72.01 billion. This marks the fourth such mint in two days, indicating significant activity within the Solana ecosystem. The cumulative issuance figure reflects the total amount minted, not the circulating supply on the network. The recent minting activity suggests an uptick in liquidity and usage of Solana, which might influence market dynamics and investor sentiment.
Advertisement
The market’s response to this development appears mixed. In the prediction market for Solana reaching $90 by August 1, 2026, the odds remain low, with a 2% YES probability. This suggests that while the increased USDC issuance could indicate higher network activity, it has not yet translated into strong confidence in a substantial price rise for Solana in the short term. Market participants continue to weigh the potential impact of increased liquidity against broader market conditions and regulatory environment.
Key Takeaways Recent USDC minting activity appears consistent with increased liquidity on Solana, potentially impacting network activity. Market pricing suggests limited confidence in a near-term price surge for Solana, with low odds of reaching $90 by August 1. The aggregate issuance of USDC on Solana does not equate to circulating supply, indicating complex underlying market dynamics. What to Watch Observers should monitor whether continued USDC issuance on Solana leads to significant shifts in network activity or market sentiment. Key indicators include any changes in the prediction market’s pricing for Solana’s price targets and broader adoption of USDC on Solana for transactions. Additionally, developments in regulatory policies and technological upgrades on Solana may further influence market perceptions and pricing.
Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 2.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 1.4% — — View market → August 1 2026 0.3% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 28% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
@Circle has minted another $250 million $USDC on the @Solana blockchain, marking its fourth major issuance event within a 48-hour window. The move pushed the total circulating supply of USDC to a record $72.01 billion, underscoring relentless institutional demand for on-chain dollar liquidity.
Rapid Minting Reflects Rising On-Chain Demand The speed of the minting cycle is notable. Four large issuances in under two days signals that Circle is responding in near real-time to demand from market makers, trading venues, and DeFi protocols operating on Solana. Traders use USDC as collateral, as a settlement asset, and as a quick way to move between volatile positions without leaving the chain. When more USDC is minted onto Solana, it usually points to demand for on-chain dollar liquidity, which can come from market makers, DeFi protocols, retail traders, or institutions routing activity through Solana-based venues.
Large stablecoin mints typically provide fresh liquidity that can be deployed across decentralized exchanges, lending protocols, automated market makers, and yield-generating applications. As newly minted USDC enters circulation, DeFi platforms can absorb the additional capital to facilitate larger trading volumes and improve market efficiency.
USDC Cements Its Role as a Core Settlement Layer The pace of issuance sits within a broader trend of USDC dominance in 2026. Adjusted stablecoin transaction volume hit a record $1.79 trillion in June 2026, with Circle's USDC capturing 67% of activity at $1.21 trillion. That momentum has been driven in part by regulatory clarity in the United States and growing institutional use of USDC for payments and settlement.
USDC supply surged 220% since late 2023 to approximately $78 billion, driven by institutional B2B settlement, payroll infrastructure, and programmatic payment rails built by Visa and Stripe. The repeated minting cycles on Solana reflect that growth and reinforce the stablecoin's position as a primary collateral layer for on-chain finance.
Blockchain analysts note that gross issuance does not represent the network's live circulating supply, since USDC can later be redeemed, burned, or bridged to other blockchains. Even so, the frequency and scale of Circle's recent mints point to sustained, real demand rather than a one-off capital event.
Sources:
Crypto Briefing: Circle's USDC drives record stablecoin transaction volume in June 2026
CoinTrust: Circle Mints $250M USDC on Solana as 2026 Supply Nears $65B
CoinMarketCap Academy: $315B Stablecoin Supply Hits Record as USDC Gains
Solana continues to trade below major resistance levels, with analysts highlighting persistent risk for a renewed decline. The current rebound in SOL is viewed by several market observers as corrective, rather than the start of a sustained uptrend. If resistance holds, Solana could revisit previous support levels and potentially approach $60 in the coming sessions.
Solana tests resistance, $60 target remains in focusSolana is currently navigating a critical resistance area between $77.50 and $83. Analyst Molchanov Andrey, who tracks market structure and price action, warned that sellers could become more active within this zone. According to Andrey, a failure to clear these resistance levels may keep Solana vulnerable to a drop toward the $62.22 to $60.03 range.
Solana must establish support above $83 to confirm further upside, while repeated rejections in this area continue to signal weakness and the potential for another move down to the $60 region.
The six-hour price chart shows Solana consolidating above an ascending trendline after a recovery from its June lows. However, attempts to break above the current resistance have so far fallen short, indicating that buyers have not yet secured a crucial breakout.
A temporary rally above $83 could lift SOL toward $87.90, as the market targets liquidity above recent highs. However, without sustained buying and support above this level, analysts believe any advance may remain short-lived. In the event of another rejection, Fibonacci support near $73.89 and $71.55 could become critical. Falling below that range may open the way for losses toward $68.28 and the broader $60 zone.
Should Solana manage to break above $87.90 and establish that area as support, attention would likely shift to the next resistance at $94.26. For now, the asset remains at a pivotal junction, with resistance continuing to restrict any significant recovery. A drop below the rising trendline could serve as confirmation that a new corrective phase is underway.
Recovery stalls as Solana remains in broader downtrendBroader technical patterns suggest that Solana’s latest rally may not signal the start of a true reversal. According to MCO Global, the coin’s strength could be limited to a short-term bounce. The analytical firm explained that as long as SOL trades below $98.50, the risk of renewed decline persists and the market structure remains bearish.
While a push to the $98.50 resistance is possible, Solana faces considerable selling interest at every major level below that threshold, making a sustained breakout challenging without further bullish conviction.
Immediate resistance is located at $82.26, $89.41, and $93.99. A clear break above these thresholds could accelerate recovery efforts toward the major $98.50 level. Conversely, if Solana loses support at $64.30, the late June swing low, this would likely confirm that the correction is resuming. Downside objectives in that scenario include $48.80 and $43.22.
Price LevelTypePotential Outcome$77.50–$83Immediate resistanceRejection could fuel drop to $60$83Breakout triggerTemporary upside to $87.90 possible$89.41, $93.99Additional resistanceClearing boosts chance at $98.50$64.30Key supportBreak opens path to deeper losses$48.80, $43.22Downside targetsBears may push SOL lower if trend continuesShould the price make a sustained move above $98.50 and use it as a new support, bearish pressures could ease, prompting a reassessment of market direction. Otherwise, analysts argue that the coin remains at risk of further losses, especially if the $64.30 threshold fails to hold.
Solana, a high-performance blockchain platform designed for decentralized applications and crypto projects, continues to face uncertainty as traders monitor key support and resistance zones for short-term direction.
Mini dictionary: MCO Global, a digital assets analysis firm, specializes in providing technical and on-chain insights for cryptocurrency traders and institutional investors.
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.
Duan Yongping has sold SpaceX put options with a strike price of $92.
Renowned investor Duan Yongping stated yesterday in response to a community user's question that he has started selling put options on SpaceX. This is his typical "potential acquisition" strategy. According to the live trading records of the SpaceX put options Duan shared, his quoted price was around 23.20, with actual execution at 23.26 (1,000 contracts), earning him a premium of approximately $2.32 million. Calculated over a 5-month term, the yield is roughly 25.35%, with an annualized return of about 60%. He noted, "I want to support Elon Musk's dream."
6 minutes ago
The United States and the United Kingdom plan to discuss forming an international alliance to protect maritime shipping in the Strait of Hormuz.
According to AXIOS: European diplomats say the U.S. and the U.K. are discussing holding a high-level meeting in London next week, with the meeting focusing on a potential plan to establish an international coalition to protect maritime shipping in the Strait of Hormuz.
6 minutes ago
A prominent trader says Bitcoin’s cycle is accelerating, and firmly believes this cycle will still hit a new high before the halving.
Renowned trader Killa (@KillaXBT) stated in a post that Bitcoin’s cycle is accelerating. The previous cycle took just 476 days to rise from its bottom to a new all-time high (ATH), far faster than the two prior cycles. He forecasts this cycle will also hit a new high ahead of the next halving. Killa, a BTC-focused quantitative trader, accurately predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to long positions during the broad market sell-off on June 5.
6 minutes ago
Qualcomm notifies its customers it can no longer absorb price hikes, and will raise prices by double-digit percentages.
Bloomberg cited a letter reporting that Qualcomm has informed its clients it can no longer absorb price hikes and will implement double-digit percentage price increases. Following the news, BIT (bit.com) market data shows Qualcomm’s decline narrowed, while Nvidia climbed 1.2% to hit a new daily high.
6 minutes ago
OpenAI CEO: Hopes the U.S. wins in the open-source AI sector, and is "pleased to see" Jensen Huang's remarks.
OpenAI CEO Sam Altman said he hopes the U.S. will lead in both open-source AI and proprietary AI models, adding that he "welcomes" the statement Nvidia’s CEO made on social media regarding the open letter jointly issued by over 20 U.S. tech companies.
Home / Price Analysis / Crypto Market Brief July 24: $280M Liquidations, BTC ETF Outflows, $1.4B Options Expiry and a Bankruptcy Filing
4 hrs ago
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Read full bio
Copied!
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Sponsored This page may contain affiliate links. If you sign up through these links, we may earn a commission at no additional cost to you. This does not influence our editorial reviews or rankings.
Highlights
The crypto market is down today as bearish headwinds dominate. The drop comes amid BTC ETF outflows and surging long liquidations. Bitcoin mining pool Poolin Technologies has filed for Chapter 11 bankruptcy in the US. Crypto prices are down today, July 24, as outflows to Bitcoin (BTC) ETFs, rising odds of a Fed rate hike, and another bankruptcy filing caused $280 million in market liquidations.
Top Crypto Market Movers Solana is the biggest loser among the top ten largest cryptos by market cap with a 2.83% drop, followed closely by XRP with a 2.5% decline. Crypto Market Prices (Source: CoinMarketCap) SOL price is falling despite the SEC granting Morgan Stanley approval to launch a SOL ETF on the NYSE Arca under the ticker “MSOL.” The total meme coin market cap is down by 7.24% to $%22 billion, with Dogecoin (DOGE) dropping by 3.45% despite returning inflows to DOGE ETFs. CASHCAT defies the bearish market sentiment, with a 19% gain to trade at $0.05. $1.43 billion on Bitcoin and Ethereum options expire today, July 24, per Deribit data. Biggest News of the Day Poolin Technology, which was once the largest Bitcoin mining pool, has submitted a Chapter 11 bankruptcy filing in the US The filing shows liabilities between $100 million and $500 million and estimates creditors to be between 10,001 and 25,000 The filing comes a day after one of the biggest derivatives exchanges, BitMEX, announced shutting down on September 30. Crypto Market Data Total Market Cap: $2.21 trillion (-1.17%) 24-Hour Trading Volumes: $61.74 billion Bitcoin: $64,988 (-0.95%) Ethereum: $1,880 (-2.36%) Bitcoin Dominance: $58.9% Ethereum Dominance: 10.3% Total Liquidations: $282 million ($192 million in long liquidations and $90 million in short liquidations) Fear and Greed Index: 28 What to Watch in the Crypto Market Today Bitcoin ETFs saw their first outflows in seven days on July 23 despite the price remaining above $64,000 BTC ETF outflows topped $225 million despite Ethereum posting $26 million inflows Bitcoin ETF Flows (Source: SoSoValue) Traders should watch today’s ETF inflow/outflow data to assess whether institutional demand is weakening amid bearish macro pressures An increase in ETF outflows could push the crypto market lower due to increasing sell-side pressure Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 23.
Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Frequently Asked Questions (FAQs)
1. Why is the crypto market down today?
The crypto market is down today as returning ETF outflows, retail selling pressure and geopolitical tensions weigh on prices.
2. What are the top movers in the crypto market today?
The top movers in the crypto market today are Solana, XRP, Dogecoin and CASHCAT.
3. What is the biggest news in the crypto market today?
The biggest news in the crypto market today is the Chaper 11 bankruptcy filing by Poolin Technologies.
Related Articles
Top Picks: Project discovery & trends
About Author
About Author
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Duan Yongping has sold SpaceX put options with a strike price of $92.
Renowned investor Duan Yongping stated yesterday in response to a community user's question that he has started selling put options on SpaceX. This is his typical "potential acquisition" strategy. According to the live trading records of the SpaceX put options Duan shared, his quoted price was around 23.20, with actual execution at 23.26 (1,000 contracts), earning him a premium of approximately $2.32 million. Calculated over a 5-month term, the yield is roughly 25.35%, with an annualized return of about 60%. He noted, "I want to support Elon Musk's dream."
6 minutes ago
The United States and the United Kingdom plan to discuss forming an international alliance to protect maritime shipping in the Strait of Hormuz.
According to AXIOS: European diplomats say the U.S. and the U.K. are discussing holding a high-level meeting in London next week, with the meeting focusing on a potential plan to establish an international coalition to protect maritime shipping in the Strait of Hormuz.
6 minutes ago
A prominent trader says Bitcoin’s cycle is accelerating, and firmly believes this cycle will still hit a new high before the halving.
Renowned trader Killa (@KillaXBT) stated in a post that Bitcoin’s cycle is accelerating. The previous cycle took just 476 days to rise from its bottom to a new all-time high (ATH), far faster than the two prior cycles. He forecasts this cycle will also hit a new high ahead of the next halving. Killa, a BTC-focused quantitative trader, accurately predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to long positions during the broad market sell-off on June 5.
6 minutes ago
Qualcomm notifies its customers it can no longer absorb price hikes, and will raise prices by double-digit percentages.
Bloomberg cited a letter reporting that Qualcomm has informed its clients it can no longer absorb price hikes and will implement double-digit percentage price increases. Following the news, BIT (bit.com) market data shows Qualcomm’s decline narrowed, while Nvidia climbed 1.2% to hit a new daily high.
6 minutes ago
OpenAI CEO: Hopes the U.S. wins in the open-source AI sector, and is "pleased to see" Jensen Huang's remarks.
OpenAI CEO Sam Altman said he hopes the U.S. will lead in both open-source AI and proprietary AI models, adding that he "welcomes" the statement Nvidia’s CEO made on social media regarding the open letter jointly issued by over 20 U.S. tech companies.
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.
Wedbush, a multibillion-dollar US investment firm, still rates three of the market’s hottest quantum stocks a buy. Yet there is a catch, because institutional money is quietly leaving them.
Every one of these stocks has corrected sharply this month, down between 24% and 36%. Yet the buy ratings still stand from spring and have not been cut to hold or sell. Meanwhile, the money-flow data tells the opposite story.
IonQ (NYSE: IONQ)The stock has dropped 36% this month to $34.07, far below its $84.64 high, yet it is still the biggest of the three by market value, near $12.7 billion.
IonQ Monthly Price Performance: Google FinanceIts business is also growing fast. IonQ reported that first-quarter revenue jumped 755% to $64.7 million, that its order backlog, meaning work sold but not yet delivered, rose 554% to about $470 million, and that it held roughly $3.1 billion in cash. The company also said it sold its first 256-qubit quantum computer to the University of Cambridge.
Even after the drop, analysts have not cut their calls, keeping buy ratings with Rosenblatt near $100, Wedbush at $75, and Northland at $70, though those targets date to May and June.
IonQ Analyst Ratings: TipRanksDan Ives, the widely followed former-Wedbush analyst whose AI ETF topped $500 million within months of launch, is the loudest voice here. He calls quantum a derivative play on the AI boom, and he even expects the Trump administration to take an equity stake in names like IonQ. However, these drivers are a tad dated. But the new ones surprisingly agree with these.
Note: Wedbush still runs and manages the IVES ETF, despite Daniel Ives’ departure.
IonQ’s put-call ratio, which weighs bearish put bets against bullish call bets, collapsed from 2.69 on July 16 to 0.45 by July 23, so options traders turned sharply bullish.
IonQ Put-Call Ratio: BarchartHowever, Chaikin Money Flow, a proxy for institutional buying and selling, sat deep in the red near -0.46.
IonQ Chaikin Money Flow: TradingViewThat gap hints at a near-term catalyst that traders expect, while the money flow says larger holders are selling.
One tracked account even flagged IonQ option sentiment above 70 for the first time.
Rigetti Computing (NASDAQ: RGTI)Rigetti has fallen 24% this month to $14.85, and it leans on government money more than sales.
Monthly Price Performance: Google FinanceThe company said it secured $100 million from the US Department of Commerce over three years, part of a wider federal package, in return for a small ownership stake. Rigetti also launched a 108-qubit quantum computer, called Cepheus-1, on major cloud platforms.
Even so, coverage stays thin, and the buy ratings near $40 from Rosenblatt and Wedbush simply linger with no downgrade after the drop.
Rigetti Analyst Ratings: TipRanksThe same split appears again. Rigetti’s put-call ratio fell from 1.09 on July 16 to 0.48 on July 23, a clear bullish tilt in options.
Rigetti Put-Call Ratio: BarchartHowever, its Chaikin Money Flow also stayed negative near -0.24, so the outflows contradict the optimism on the screen.
Rigetti Chaikin Money Flow: TradingViewThis pattern again shows that the institutional investors aren’t currently banking on the quantum stocks.
D-Wave Quantum (NYSE: QBTS)The company stock has fallen 26% this month to $17.10, yet it already makes money from paying customers.
D-Wave Monthly Price Performance: Google FinanceThe company reported revenue from more than 100 customers in the first quarter, most of them businesses, with new orders up about 2,000% to $33.4 million even as revenue fell 81% to $2.9 million. Its machines are built for optimization problems like scheduling, not code-breaking. This shows that the current wave of interest around quantum stocks isn’t about breaking Bitcoin.
Here the push and pull is easiest to read. Ten analysts keep buy ratings up to $43 (no hold or sell), but Barchart’s own technical model flashes a 72% Strong Sell. Wedbush again appears on the list.
D-Wave Analyst Ratings: TipRanksD-Wave Technical Opinion: BarchartThat bearish call matches the flows. D-Wave’s Chaikin Money Flow sits negative near -0.24, and its put-call ratio eased only from 1.19 on July 17 to 0.76 on July 23, the weakest bullish shift of the three.
D-Wave Chaikin Money Flow: TradingViewSo its old buy ratings look the most stretched.
D-Wave Put-Call Ratio: BarchartPart of the bull case is that the science keeps advancing. Google Research said last week that it improved quantum error correction 3.5 times, a step toward quantum machines that work reliably.
Today we announce a new paradigm for quantum control. By integrating reinforcement learning with quantum error correction, we enabled a quantum computer to continuously adapt to drift, stabilizing the system during computation. This improved logical stability 3.5x. Learn more:… pic.twitter.com/R6u32w47tf
— Google Research (@GoogleResearch) July 22, 2026 Even so, the same doubt sits under all three names. Insiders have sold about $988 million of stock since 2021, with almost no buying, even as retail options turn bullish.
Quantum Computing Stocks IonQ, Rigetti, and D-Wave Are Sending Shockwaves Through Wall Street With This $988 Million Warning https://t.co/0QUlVL7Nf2
— The Right News, Right Now. (@BradPorcellato) July 22, 2026 So the buy ratings and bullish options pull one way, while selling by insiders and institutions pulls the other. Whether these quantum stocks keep their gains likely depends on real earnings arriving before that patience runs out.
Key Highlights Newmont delivered Q2 earnings per share of $2.10, surpassing analyst expectations of $1.99, though quarterly revenue of $6.1 billion fell below the $6.4 billion consensus. The company achieved a quarterly record with $2.2 billion in free cash flow, distributing $1.9 billion back to investors. Quarterly gold output reached 1.29 million ounces, affected by seismic activity at the Cadia operation in Australia during April. The all-in sustaining cost totaled $1,621 per ounce, tracking below the company’s full-year target of $1,680 per ounce. Shares declined approximately 1% in extended trading to $93.45, even as operational metrics remained solid. Newmont (NEM) exceeded Wall Street’s earnings projections for the second quarter of 2026 but came up short on revenue, pressuring shares in after-hours activity. The world’s leading gold producer recorded earnings per share of $2.10 compared to the Street’s $1.99 forecast, yet quarterly sales of $6.1 billion trailed the anticipated $6.4 billion.
In extended trading, NEM shares changed hands around $93.45 — representing a decline of roughly 1.34% — following a 1.08% drop during regular hours to close at $94.72.
Newmont Corporation, NEM
While revenue disappointed, Newmont achieved a second-quarter milestone with $2.2 billion in free cash flow generation. Through the first six months of 2026, the miner produced $5.3 billion in free cash flow, marking a significant jump from the $2.9 billion recorded during the comparable 2025 period.
During the quarter, shareholders received $1.9 billion through a combination of dividend payments and stock repurchases. This figure includes $1.7 billion deployed toward buybacks as part of the $6 billion authorization granted in April 2026. The company accelerated repurchases in July, executing over $600 million worth that month.
Over a two-year span since launching its buyback initiative, Newmont has reduced outstanding shares by more than 100 million — representing approximately 9% of the float.
The miner’s average realized gold price for the quarter stood at $4,414 per ounce, climbing from $3,320 during the year-ago quarter but retreating from Q1 2026’s $4,900 level. Year-over-year, realized prices jumped roughly 33%, while direct sales costs increased a modest 4%.
Australian Mine Disruption and Output Levels Quarterly gold production totaled 1.29 million ounces, slightly below the 1.3 million ounces from the prior quarter and down from 1.48 million ounces in the second quarter of 2025. The April seismic event at the company’s Cadia facility in Australia temporarily disrupted operations, though normal activity has since been restored.
Company executives reaffirmed their full-year production forecast of 5.3 million ounces. Approximately 49% of annual output was achieved in the first two quarters, leaving 51% projected for the latter half — with fourth-quarter production expected to be particularly strong.
The all-in sustaining cost registered at $1,621 per ounce, comfortably beneath the company’s $1,680 full-year projection. Adjusted EBITDA for the period reached $3.8 billion, while operational cash generation totaled $2.9 billion.
Energy Costs and Forward Outlook A notable challenge emerged from elevated oil prices: crude averaged approximately $100 per barrel during Q2, substantially above the $70 baseline incorporated into Newmont’s annual projections. Energy and fuel expenses represent 15% of direct operating expenditures.
The company’s 2026 guidance framework assumes gold trading at $4,500 per ounce. Each $100 fluctuation in the gold price translates to roughly $505 million in revenue and cost impacts.
Chief Financial Officer Brian Tabolt highlighted “significant operating leverage embedded in the portfolio” and indicated the existing capital allocation strategy could accommodate increasing the quarterly dividend to $0.27 per share — an increase from the current $0.26 — during the next annual assessment.
The Red Chris block cave development in British Columbia achieved important regulatory milestones during the quarter. Management anticipates a board decision on the project’s feasibility analysis near year-end 2026, though they noted capital requirements will likely exceed initial projections due to inflationary pressures.
The quarter concluded with Newmont holding net cash of $3.4 billion — surpassing its $1 billion strategic target — providing ample financial flexibility to maintain share repurchases throughout the remainder of the year.
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.
Shiba Inu has seen over 3 million tokens burned in the last 24 hours, yet its burn progress remains slow.
The daily burn rate remains in the red and is down 15.80% while the weekly and monthly burn rates stay down by 28.12% and 37.44% respectively.
59.77 million SHIB worth $251 was burned in the last seven days, culminating in 286.85 million SHIB being burned in the last 30 days.
HOT Stories
The total SHIB burned from the percentage supply is still at 41.08%, which shows that there is consistent burning of tokens but not enough to make a dent in the SHIB supply just yet.
You Might Also Like
A total of 410,840,447,753,352 SHIB have been burned in 21,266 transactions so far; contributing to this significant figure is Ethereum creator Vitalik Buterin's massive 410 trillion SHIB burn in May 2021.
SHIB stays quietShiba Inu continues to remain calm in the market as the price seeks a bullish catalyst to make a positive move. At the time of writing, SHIB was down 1.63% in the last 24 hours to $0.000004164 but up 0.82% weekly.
A shallow retreat across the majors as Bitcoin ranged near $65,000 has led to a decline across most crypto assets. On Thursday, jobless claims for the week ended July 18 came in at 187,000, below the 212,000 that economists polled by Dow Jones had expected.
You Might Also Like
The declines barely dented the weekly picture, with most majors remaining green on the week. There was no single catalyst behind Friday's move, more a pause after the run-up than a reversal.
Eyeing a potential market recovery, the combined picture does not support a strong liquidity-expansion thesis. According to CryptoQuant, stablecoin purchasing power may be stabilising at the margin, but it has not returned at sufficient scale to provide a durable tailwind for the wider crypto market.
The near-term price implication is neutral to mildly constructive. Crypto prices could benefit if positive net flows persist, but a stronger upside signal would require exchange reserves to stabilise and minted supply to consistently exceed redemptions.
Shiba Inu, a leading meme coin based on the Ethereum network, registered a significant burn of more than 3 million tokens within the past 24 hours. However, the burn pace has remained sluggish, with the overall progress yet to yield a substantial impact on the circulating supply.
Burn Rate Trends Remain LowThe SHIB daily burn rate decreased by 15.80%. On a longer view, burn rates have also declined, with weekly figures down 28.12% and monthly figures showing a drop of 37.44%. This downward trend highlights a broader slowdown in the rate of SHIB token destruction, despite consistency in burning activity.
Over the past seven days, Shiba Inu holders collectively burned 59.77 million SHIB, translating to a value of around $251. Throughout the last 30 days, a total of 286.85 million SHIB tokens have been removed from circulation.
At present, the cumulative percentage of SHIB supply burned stands at 41.08%. This figure demonstrates ongoing efforts to reduce the available token pool, yet the scale remains insufficient to make a substantial reduction in the overall Shiba Inu supply.
Even with a total of 410,840,447,753,352 SHIB burnt across 21,266 transactions, including Ethereum creator Vitalik Buterin’s high-profile burn of 410 trillion SHIB in May 2021, experts believe the process is not moving fast enough to significantly reduce the token’s circulating supply.
Mini dictionary: Shiba Inu is a meme token based on the Ethereum blockchain, known for its extensive community and large circulating supply, often associated with themed burning mechanisms to decrease the number of tokens in circulation.
Market Sentiment and Price PerformanceShiba Inu’s price action has stayed relatively subdued, awaiting a clear catalyst for a potential uptrend. At the latest check, SHIB traded at $0.000004164, marking a 1.63% decline in the past 24 hours, but still showing a 0.82% gain for the week.
This pattern aligns with the broader cryptocurrency market, which saw a moderate pullback as flagship asset Bitcoin traded near $65,000. Most major crypto assets experienced minor declines during this period.
In macroeconomic news, US initial jobless claims for the week ended July 18 fell to 187,000, undercutting expectations set at 212,000 by analysts surveyed by Dow Jones. Despite this positive economic indicator, it had only a limited effect on the crypto market’s weekly trajectory.
PeriodSHIB BurnedValue (USD)24 hours3 million–7 days59.77 million$25130 days286.85 million–Total to date410.84 trillion–Liquidity and Market OutlookWeekly declines in major cryptocurrencies have barely changed the overall positive trajectory, with most assets still holding green for the week. There has been no single event triggering a major market reversal, with analysts observing more of a pause than a sharp correction.
CryptoQuant, a blockchain analytics firm, assessed the market’s liquidity situation and found stablecoin purchasing power to be stabilizing. However, these flows have not yet rebounded sufficiently to support a decisive uptrend in the broader crypto sector.
Looking ahead, the immediate price outlook appears neutral to mildly positive. Sustained positive net flows may benefit crypto prices, but a stronger rally would need to see exchange reserves holding steady and a persistent excess of new supply over redemptions.
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.
Activity on Shibarium, Shiba Inu’s official Layer-2 blockchain, surged sharply over the past day, but SHIB’s price has yet to respond.
According to the latest data from Shibariumscan, Shibarium processed 1,180 daily transactions yesterday. This marks a notable recovery from 661 transactions recorded on July 21, the second-lowest daily transaction count for July.
As a result, daily transactions climbed 78.51% within just a few days, signaling renewed activity on the network after a period of sluggish usage.
Although the latest transaction count remains far below the millions of daily transactions Shibarium recorded during its peak periods, many market observers view the rebound as an encouraging sign.
The increase comes at a time when investors continue to search for a bullish catalyst capable of reversing SHIB’s prolonged price weakness. Even a modest improvement in network activity has sparked optimism that user engagement on Shibarium could gradually recover if the trend continues.
Shibarium Transaction Activity SHIB Price Fails to Respond to Network Improvement Despite the jump in Shibarium transactions, Shiba Inu has not benefited from the renewed activity on the blockchain.
The broader cryptocurrency market experienced another sharp sell-off yesterday, dragging down several major assets, including SHIB. The token fell from an intraday high of $0.000004243 to a low of $0.000004102 before recovering slightly.
At press time, SHIB is trading at $0.000004189. Even with the rebound, the token remains down 1.28% over the past 24 hours, 8.21% over the past week, and 0.34% month-to-date.
Ecosystem Challenges Continue to Weigh on Sentiment Meanwhile, the Shiba Inu ecosystem continues to face several challenges that have dampened investor confidence.
The ongoing bearish market has produced few positive developments for the project. Community members have also expressed concerns over the disappearance of several key team members from X, multiple ecosystem initiatives that remain unfinished, and persistently low SHIB burn activity.
Against this backdrop, Shibarium’s recent transaction rebound has fueled speculation that long-awaited positive catalysts could finally be emerging. However, the increase in network activity alone has not been enough to translate into higher SHIB prices.
Over 113B Shiba Inu Tokens Leave Exchange Despite the weak price performance, investors continue to move SHIB off centralized exchanges.
Notably, more than 113 billion SHIB tokens have recently been withdrawn from exchanges, reducing the total exchange reserve to approximately 86.13 trillion SHIB.
Large exchange outflows are often interpreted as a sign that investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell. While this trend has yet to trigger a price recovery, it suggests that some market participants remain confident in SHIB’s longer-term prospects even as the token continues to trade under bearish pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
