Bitget u BGBTC spouští denní odměny v BTC, cross-chain převody přes Chainlink CCIP a nezávislý dohled společnosti Gauntlet. Token má zůstat krytý Bitcoinem v poměru 1:1.
Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet.
Summary
BGBTC holders will receive daily rewards denominated in Bitcoin following the upgrade. Chainlink CCIP will serve as BGBTC’s canonical cross-chain infrastructure. Gauntlet will independently oversee the asset’s underlying yield strategies. BGBTC remains backed by Bitcoin at a 1:1 ratio, according to Bitget. Bitget said the upgraded BGBTC will distribute daily rewards denominated in BTC to token holders. The asset is designed to maintain a 1:1 peg with Bitcoin while allowing users to earn yield without selling their underlying exposure.
BGBTC just got a major upgrade.
Backed 1:1 by BTC, it now offers daily BTC rewards, fast redemption at scale, and utility across trading, margin, loans, Launchpool, and PoolX.
— Bitget (@bitget) July 31, 2026 The exchange is positioning BGBTC as an alternative to holding idle Bitcoin or moving BTC into separate yield strategies. Those strategies can require users to transfer assets between platforms, manage additional protocols, or accept reduced liquidity.
BGBTC already has several uses within the Bitget ecosystem. Holders can use the asset as futures margin, lending collateral or for participation in the exchange’s Launchpool and PoolX products.
The upgrade also introduces support for large-volume and faster redemptions, according to Bitget. The company said it has added institutional-grade risk controls and greater transparency, although specific reward rates and redemption thresholds were not provided in the announcement.
Rewards remain tied to the performance and sustainability of the underlying yield strategies. A Bitcoin-backed token can also carry platform, custody, smart-contract and liquidity risks that differ from holding BTC directly.
Chainlink CCIP supports cross-chain BGBTC transfers Bitget selected Chainlink’s Cross-Chain Interoperability Protocol as the canonical infrastructure for distributing BGBTC across multiple blockchain networks.
CCIP provides the messaging layer needed to move the asset between supported chains. The integration could allow holders to access decentralized applications and financial services outside Bitget’s centralized platform while retaining exposure to the Bitcoin-backed token.
Bitget already uses Chainlink Proof of Reserve to verify the assets supporting BGBTC. Proof of Reserve provides on-chain data intended to help users assess whether sufficient collateral exists behind the issued supply.
Combining Proof of Reserve with CCIP addresses two separate functions. The reserve system focuses on collateral verification, while CCIP handles communication and token transfers across blockchains.
Bitget did not identify every blockchain that will initially support BGBTC through CCIP or provide a schedule for additional network deployments.
Gauntlet will oversee BGBTC yield strategies Gauntlet has been appointed as BGBTC’s independent curator and will supervise the strategies used to generate rewards for holders.
The quantitative risk-management firm will monitor the underlying portfolio, assess risks and help determine how capital is deployed. Bitget said the framework is intended to support the long-term sustainability of BGBTC’s yield rather than relying on an unmanaged set of strategies.
Independent curation adds another layer of oversight, but it does not eliminate losses. Reward levels may change based on market conditions, available strategies, and the performance of the assets or protocols involved.
Bitget is also working with infrastructure providers, including Chainlink and Morph, as it seeks to connect centralized and decentralized financial services through a broader Bitcoin yield network.
The company cited USDGO Holderyield as another part of its effort to let users earn returns from assets that would otherwise remain idle.
What the upgrade means for Bitcoin holders BGBTC combines Bitcoin exposure, daily rewards and cross-chain utility in a single token. Users can potentially earn BTC-denominated returns while deploying the asset as collateral, margin or capital in supported decentralized applications.
For US investors, access to BGBTC and related Bitget services may depend on geographic and product restrictions. Users should confirm whether the exchange, token, and associated yield products are available in their jurisdiction before transferring funds.
Yield paid in BTC may also create tax-reporting obligations for US holders, depending on how the rewards are classified and when users gain control of them. Bitget did not announce any US-specific rollout or regulatory approval alongside the upgrade.
Future adoption will depend on the reward rate, redemption performance, supported networks, and transparency around the underlying strategies. Bitget has not yet disclosed a fixed annual yield or a complete cross-chain deployment timeline.
ARK Invest Cathie Wood nakoupil další akcie Circle poté, co NYDFS udělil Circle Internet Trust Company LLC (Circle New York Trust) omezenou trustovou chartu. Nákup za téměř 6,83 milionu USD zahrnoval 109 129 akcií CRCL.
Cathie Wood’s ARK Invest bought more Circle Internet Group (NYSE:CRCL) shares. The buy move follows the stablecoin issuer’s major regulatory breakthrough in New York.
Cathie Wood’s ARK Snaps Up Circle Stock Circle stock closed at $62.61, down $1.63, or 2.54%, on Friday, July 31. Nearly $6.83 million in nearly 109,129 Circle shares were acquired by ARK based on the closing price. The stock purchases were made through ARKK, ARKW and ARKF with 77,103, 22,238 and 9,788 shares of CRCL stock bought respectively.
Cathie Wood’s CRCL stock purchase came on the heels of the New York Department of Financial Services (NYDFS) granting a limited-purpose trust charter to Circle Internet Trust Company LLC (Circle New York Trust).
Besides Circle shares, ARK bought 298,243 CoreWeave shares, 12,512 shares of the 3iQ Solana Staking ETF, 7,500 Pony AI shares, and 2,700 Kodiak AI shares. The Cathie Wood-led firm also cut down its stakes in Shopify, Cloudflare, CrowdStrike, Snowflake, 10x Genomics, Komatsu, Brera Holdings, Iridium Communications, and Figma.
Earlier, Cathie Wood raked in millions worth of SpaceX and Tesla shares alongside Circle.
About The NYDFS License For USDC The new charter enhances Circle’s regulatory framework. It merges state regulation of the issuance of USDCs with the federal trust powers the company acquired earlier this month from the U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC).
Moreover, Chief Executive Officer Jeremy Allaire called the approval a long-held goal. It helps put USDC within a “strong, respected framework as digital dollars become central to the global financial system,” Allaire remarked.
The New York trust company will be given fiduciary power, Circle said. It will also be permitted to use New York banking law to engage in virtual currency business. The company intends to slowly transition to the USDC issuance on the company’s New York entity. It will retain the custody and collateral trustee services via its federally chartered national trust bank.
Moreover, the approval from NYDFS follows Circle’s final OCC authorization. The previous approval saw a 10% rise in CRCL shares on July 10. However, the stock has witnessed a significant decline since then.
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Decentralized trading protocol TradeXYZ has begun repayments to victims of the $60M liquidation event tied to AI chipmaker SK Hynix (SKHYNIX) perpetual contracts.
The flash crash, which happened on Monday, the 27th of July, 2026 (around 23:01 UTC), was triggered by an oracle pricing mishap and partly by ongoing volatility in the South Korean market. The actual losses were estimated at $17.4M in realized losses affecting over 900 user accounts.
On Wednesday, the 29th of July, the Hyperliquid HIP-3 deployer announced a reimbursement program to rebuild trust and market integrity. Additionally, it vowed to improve its pricing systems to “handle tail events.”
How will TradeXYZ repay SKHYNIX victims? As part of the payout program, TradeXYZ said it had paid out victims with claims of less than $10K based on $1,115 per SKHYNIX. But wallets claiming larger amounts will require more review for final payout by the 15th of August.
Where it exceeds 10,000 USDC, an initial 9,999 USDC has been credited. We are required to conduct enhanced due diligence for amounts in excess of 10,000 USDC.
Source: SKHYNIX/USD, TradingView As of writing, SKHYNIX traded at $1,087 after briefly slipping to $900 earlier in the week. The repayment could help reinforce trust in TradeXYZ and the broader Hyperliquid ecosystem.
However, the TradeXYZ dominance risk discussion will likely resurface again.
TradeXYZ controls 99% of HIP-3 volumes HIP-3 or perpetuals tied to commodities and stocks (RWA/tokenized assets perps) have been the key driver of Hyperliquid volumes in 2026. This week, tokenized stocks account for 65% of the overall DEX volume.
Surprisingly, crypto perps, which Hyperliquid began with, now account for less than 1% of overall HIP-3 volume.
Source: ASXN However, the massive demand for HIP-3 is dominated by a single deployer, TradeXYZ. It controls over 95% of Hyperliquid’s HIP-3 volume and Open Interest (OI).
According to analysts, the current Hyperliquid design favors big HIP-3 deployers like TradeXYZ, as smaller players like Felix were forced to close shop. According to critics, TradeXYZ’s excessive dominance poses a ‘structural risk’ to the broader ecosystem in case it’s exploited or sanctioned.
Source: ASXN For a better ecosystem balance, they called for a level-playing field to ensure HIP-3 is more decentralized to reduce the potential risk of TradeXYZ dominance.
Whether the Hyperliquid project team will accept the feedback remains to be seen. That said, the project’s HIP-4 (prediction markets and Options trading) went live on mainnet on Friday.
Final Summary TradeXYZ has begun reimbursing affected SKHYNIX traders for claims below $10K Hyperliquid’s HIP-3 now accounts for 65% of total trading volume, with TradeXYZ dominance increasingly viewed as a risk.
Anza představila Quantumglow, kryptografický návrh pro Solanu s odolností vůči kvantovým útokům. Upgrade má zachovat rychlost sítě i podporu postkvantových podpisů.
Anza, a developer-focused company advancing the Solana blockchain platform, has announced a new cryptographic proposal named Quantumglow. The initiative aims to enhance Solana’s security by making its network resilient against potential quantum computing threats, while maintaining its signature speed and execution capacity.
Introducing Quantumglow for post-quantum securityQuantumglow will provide an upgrade to Solana’s current Alpenglow protocol, which forms the consensus and execution layer of the Solana blockchain. Anza stated that this adaptation will allow Solana to support post-quantum signature schemes without compromising the efficiency of reaching consensus on the network.
The developers at Anza have emphasized that this move is a proactive response to growing concerns about future cyber-attacks that could potentially exploit cryptographic vulnerabilities, particularly those stemming from ECDSA and Ed25519 keys, with the advent of quantum computers.
Quantumglow has been created to introduce quantum-resistant cryptography to Solana’s network, ensuring that post-quantum signature schemes can be adopted while preserving Solana’s speed and performance.
The project remains in the research phase, with no specific release date announced. Anza aims to ensure that Solana stays ahead of potential regulatory changes affecting cryptographic standards, reflecting a broader trend in the blockchain industry toward enhancing resilience ahead of attempted standardization.
Mini dictionary: Alpenglow, Solana’s consensus and execution layer, enables the decentralized network to process and validate transactions rapidly, underpinning Solana’s reputation for high throughput.
Impact on validators, developers, and the broader ecosystemQuantumglow’s deployment is expected to require extensive adaptation from various participants in the Solana ecosystem. This includes validators, developers, institutions, and exchanges operating on Solana’s blockchain. Validators, responsible for operating the network’s infrastructure, will likely play a key role in implementing the new verification processes introduced by the quantum-resistant protocol.
Supporters claim that integrating quantum-resistant signatures could significantly reduce long-term security risks for Solana. Financial regulators tracking digital asset security may also view this move as evidence that Solana prioritizes network safety in anticipation of future regulatory demands.
Quantumglow reflects an industry-wide push for higher blockchain security as quantum computing capabilities advance, keeping performance intact without delay for post-quantum cryptography.
While some other blockchain protocols have begun exploring quantum-resistant cryptography, Anza’s proposal distinguishes itself by maintaining Solana’s established high-performance standards. As the crypto sector anticipates future advances in quantum computing, Solana and its developer partners aim to set a precedent for robust and scalable security measures.
Further details regarding the rollout and technical specifications of Quantumglow are expected as research and development progress continues within Anza’s teams.
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.
Hyperliquid spustil testnet HIP-4, který umožňuje vývojářům nasazovat outcome markets přes schválené šablony po stake 100 HYPE. HYPE mezitím klesl pod 55 USD a testuje zónu podpory 52 až 54 USD.
TLDR Hyperliquid HIP-4 now lets testnet developers deploy standardized outcome markets after staking 100 HYPE, without auctions or gas charges. HYPE price slipped below $55 and tested the $52 to $54 support zone as lower highs, lower lows, and whale transfers increased selling concerns. Hyperliquid burned about 26,080 HYPE worth nearly $1.43 million in 24 hours while protocol fees reached approximately $1.47 million. The preliminary mainnet model still proposes a 500,000 HYPE stake, six-month lock, validator slashing, and approved templates for market creation. Hyperliquid HIP-4 has entered a new testnet phase, allowing developers to deploy outcome markets through approved templates. The rollout expands Hyperliquid’s prediction-market framework beyond validator-created contracts while keeping settlement rules standardized. Developers currently stake 100 HYPE to register as deployers and can launch markets without auctions or gas charges.
The update arrives as HYPE price trades near $53.50 after losing the $55 level. Large token transfers to institutional trading platforms have also raised supply concerns. Meanwhile, Hyperliquid burned about 26,080 HYPE during the past day. Protocol fees reached roughly $1.47 million, supporting its continuing buyback-and-burn mechanism during the reported period.
Hyperliquid Price (HYPE/USD) Hyperliquid HIP-4 Expands Permissionless Testnet Markets Hyperliquid HIP-4 lets registered builders select validator-approved templates, then define an underlying asset, target level, and expiry. Each template fixes important wording, side names, and keywords. That structure reduces duplicate markets carrying slightly different language or settlement conditions.
The current testnet limits each deployer to 10 active outcomes and 50 deployments daily. Hyperliquid plans to add configurable fees and additional templates after developers test market creation and settlement. Its updated documentation now exposes outcome metadata through a testnet-only application programming interface.
Hyperliquid first introduced HIP-4 outcome contracts as fully collateralized products that settle within a fixed range. They do not use leverage or liquidations. Initial contracts focused on recurring binary outcomes tied to HyperCore mark prices.
The wider permissionless design follows a preliminary framework announced on July 20. Hyperliquid proposed a 500,000 HYPE stake for mainnet deployers, a six-month lock, and validator-controlled slashing. Validators could penalize poorly defined markets, incorrect settlements, or contracts left unsettled beyond one week. Those mainnet terms remain preliminary and differ from the lower testnet requirement.
HIP-4 activity remains small after sports-related contracts lost demand following the World Cup. Market data placed open interest near $182,000 and notional volume around $881,000. Permissionless creation could broaden listings toward economic data, elections, crypto prices, and other measurable events.
HYPE Price Holds $52 to $54 as Whale Transfers Increase Meanwhile, the HYPE price has formed lower highs and lower lows after retreating from the $60 region. The token traded near $53.50, placing the $52 to $54 support band under pressure. That area also matches a June swing low.
A four-hour close below $52 would weaken the current structure. A failed recovery above that level could expose $48 to $50. Further selling could return attention to the earlier $44 to $46 demand zone. However, a rebound above $58 to $60, followed by a higher low, would reduce immediate downside pressure.
Large transfers have complicated the short-term HYPE price setup. Lookonchain previously recorded institutional unstaking and exchange-related movements during July, including deposits to Coinbase Prime. The tracker also reported 1.96 million HYPE unstaked across three Multicoin Capital wallets. Multicoin later said wallet rotation, rather than selling, motivated at least part of its activity.
Separate wallet movements included HYPE deposits to FalconX and Coinbase Prime. Transfers to brokerage or custody platforms can support over-the-counter execution, asset rotation, or sales. Blockchain movements alone cannot confirm a disposal.
Hyperliquid’s fee system continues removing tokens from the circulating supply. A tracker read the protocol’s assistance-fund address on July 27. It showed about 46.05 million HYPE at the burn address. That balance represented roughly 4.6% of the original one-billion-token maximum supply.
The latest reported daily burn added about 26,080 HYPE, valued near $1.43 million at the recorded price. Protocol fees reached about $1.47 million during the same period. The burn reduces supply, while whale transfers increase the amount potentially available for institutional execution. Mainnet still lacks a confirmed launch date, leaving broader developer participation dependent on future testnet results and validator feedback.
Strategy Inc., led by Michael Saylor, has announced a substantial increase in its Bitcoin holdings and a significant rise in STRC issuance this year. The company reported purchasing 48 times more Bitcoin than it has sold, while issuing 300 times more STRC than it has repurchased. This activity comes as Strategy continues its approach of managing liquidity through a combination of stock sales, preferred-share issuance, and selective Bitcoin sales.
Strategy’s recent disclosures indicate a relative slowdown in Bitcoin sales compared to purchases, suggesting a focus on accumulating the cryptocurrency. The company held approximately 843,775 BTC by early July and had repurchased 288,930 STRC shares, maintaining a strong cash reserve. The firm’s capital allocation approach appears to prioritize Bitcoin accumulation and STRC issuance to support its financial strategies.
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Market participants appear to interpret these moves as potentially supportive of STRC price increases, although recent market odds for STRC reaching $100 by December 31 have slipped slightly, now priced at 32% YES, a decrease from previous levels. This reflects uncertainty about whether the company’s aggressive Bitcoin acquisition strategy will translate into the anticipated market outcomes for STRC.
Key Takeaways Strategy Inc.’s Bitcoin purchases appear to exceed its sales significantly, indicating an accumulation-focused approach. The substantial issuance of STRC suggests a strategic use of equity to manage liquidity and support financial operations. Market pricing suggests participants are evaluating the impact of these actions on STRC’s potential to reach $100 by year-end. What to Watch Watch for any future announcements from Strategy Inc. regarding further Bitcoin acquisitions or changes in STRC issuance strategies. Any significant increase in Bitcoin purchases or strategic shifts could influence market perceptions and pricing of STRC. Additionally, updates on the company’s financial performance and strategic direction under Michael Saylor’s leadership may impact market expectations for STRC’s potential price movements.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 32% — — View market → September 30 15% — — View market →
Po útoku na Coldcard, při němž bylo odcizeno přes 70 milionů USD v bitcoinech, měl pachatel podle reportu využít placený účet u známého blockchainového poskytovatele služeb.
Since over $70 million in Bitcoin was stolen yesterday by an attack that exploited a fault in the Coldcard’s system, it has been reported that the thief used a top blockchain services provider for help.
Writing on X Friday, engineer at payments company Block, Clay Garrett, said that the provider — who he did not name at the request of the services provider — had been contacted after finding blockchain movements matched the “suspected workflow” of the attacker.
“During our investigation of the Coldcard drain yesterday, we identified an unusual pattern in the sweeps,” Garrett said.
“That pattern led us to a hypothesis that has since been confirmed: the operator used a paid account at a well-known blockchain-services provider to query the source addresses and perform other related activity during the sweeps,” Garrett continued, adding that the authorities had been notified.
Galaxy Digital’s research arm also wrote on X that the thief had an unusual pattern of moving the coins.
“The pattern tells us these were all the same attacker — it does not capture the attack itself, which looks the same as if a coin owner chose to move coins,” the company said, adding that Bitcoiners should move funds out of single-signature Coldcard addresses and into secure custody.
After over $35 million in Bitcoin was drained from wallets on Thursday, Coinkite said that a firmware bug in Coldcard Mk3 devices — starting with version 4.0.1 in March 2021 — caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator.
This allowed private keys for many single-signature wallets (especially those created without dice rolls or a strong BIP-39 passphrase) predictable enough for attackers to brute-force.
Later on Friday, Coinkite admitted all of its models were vulnerable following more thefts. Over $70 million has so far been swiped and engineers have warned that more Bitcoin addresses could be at risk.
The company makes a number of Bitcoin products, including cold storage hardware wallets.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Ripple potvrdila, že aktualizace xrpld 3.3.0 pro XRP Ledger bude vydána příští týden. Přidá institucionální DvP vypořádání a sponzorování poplatků, takže uživatelé nebudou muset držet XRP pro transakce.
RippleX Head of Product Jazzi Cooper has confirmed that the long-anticipated xrpld 3.3.0 upgrade will be officially released next week, marking a new milestone in the evolution of the XRP Ledger (XRPL).
Key features and institutional boostThis release consolidates five core amendments into a single, comprehensive upgrade package. The update is expected to drive the XRPL ecosystem toward widespread global adoption, extending its use from cross-border payments and trading to collateral management and instant settlement processes.
All new features are subject to independent review and approval by the community’s validators before activation, following the XRPL network’s established procedures. The technical specifications and documentation for these changes are already available on Ripple’s open-source platform.
Ripple has outlined a plan to release additional technical analyses and security reports in the coming weeks. These resources are intended to assist node operators and developers with seamless code integration and to reinforce trust in the protocol’s security and governance.
This upgrade eliminates technical and legal obstacles that have long impeded traditional financial institutions from participating in public blockchains.
Among the most significant changes introduced is support for secure institutional delivery-versus-payment (DvP) settlements. The protocol now enables up to eight transactions to be executed atomically, ensuring that all are processed together or none at all. This all-or-nothing execution is designed to enhance reliability and compliance for institutional transactions.
User experience improvements and real-world asset integrationThe upgrade also seeks to simplify blockchain interactions for everyday users. One of the standout features is fee sponsorship, which permits large institutions to cover network transaction fees on behalf of their clients. As a result, ordinary users are no longer required to buy or store XRP in order to transact on the network.
Regulatory adaptability is addressed by allowing token parameters to be updated dynamically. This capability is aimed at ensuring compliance with evolving legal frameworks, further positioning XRPL as a foundation for the secure circulation of tokenized assets.
Against this technical backdrop, practical solutions are emerging to bridge the crypto and traditional finance sectors. Platforms such as 1stepSwap play a growing role by transferring real-world assets like US company shares and commodities including gold and silver directly onto the blockchain. This approach allows users to access these assets via their wallets without intermediaries or unnecessary complexity.
The most unique aspect of 1stepSwap lies in its ability to scan the market for the best available price at any given instant, giving users the capability to buy and sell leading global stocks rapidly and at optimal rates while diversifying their holdings.
Infrastructure for compliant tokenizationCombined, these technical upgrades and user-centric developments aim to transform XRPL into a robust infrastructure for the compliant movement of tokenized capital. By addressing both the needs of institutional players and simplifying user access, the network positions itself at the frontier of blockchain adoption in regulated financial environments.
The fee-sponsorship capability is set to remove a key barrier for mainstream users, allowing institutions to handle transaction costs and reducing friction for new entrants.
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.
Držitelé XRP stahují mince z burz nejrychleji za více než pět let; na Binance dosáhl 7denní podíl výběrů 55,6 % a depozita klesla na 44,3 %. Open interest u futures na Binance spadl na zhruba 397 milionů XRP.
$XRP holders are moving their tokens off centralized exchanges at the fastest clip in more than five years, with on-chain data pointing to a broad retreat from sell-side activity even as the price lingers just above the $1 mark.
Withdrawals Hit a Multi-Year Peak On July 31, the seven-day $XRP withdrawal transaction share on Binance surged to 55.6%, the highest level since February 2021, while the same metric across all centralized exchanges reached 54%, according to CryptoQuant data. Deposit transaction shares fell to matching five-year lows of 44.3% on Binance and 45.95% across the broader market.
At the same time, exchange inflows fell to their lowest level ever recorded. Crypto analyst Darkfost observed that average monthly $XRP inflows to exchanges now stand at around 3.6 million XRP, the lowest monthly inflow figure on record. Combined with the surge in withdrawals, the on-chain metrics point toward holders unwilling to sell in large numbers, a condition Darkfost described as seller exhaustion.
Leverage and Reserves Also Pulling Back XRP futures open interest on Binance has fallen to roughly 397 million XRP, its lowest level in over three months, as the token trades around $1.09. A decline in open interest alongside price weakness often reflects deleveraging, as traders reduce or close existing positions.
Binance $XRP reserves have dropped roughly 650 million coins, or about 20%, since November 2024, falling from 2.8 billion in May to around 2.6 billion more recently. Such withdrawals can signal investors moving tokens into self-custody, though they do not automatically translate into upward price pressure without corresponding demand from fresh buyers.
The broader picture suggests a market in consolidation rather than active distribution. Holders appear reluctant to bring coins to market, leveraged bets are being unwound, and exchange supply is thinning. Whether that sets the stage for a recovery or simply reflects a lack of conviction on all sides remains an open question.
Sources:
XRP exchange withdrawals hit 5-year high: Here's what it means, CryptoNews.net
XRP exchange withdrawals hit multi-year high as selling pressure fades, AMBCrypto
XRP Open Interest on Binance Hits a Three-Month Low, Yahoo Finance
Tether oznámil pokles přebytečných rezerv o 4,1 miliardy USD z 8,2 miliardy USD na 4,1 miliardy USD a za první pololetí vykázal ztrátu 3,2 miliardy USD. Zároveň uvedl provozní zisk 1,5 miliardy USD.
Tether reported Friday that its excess reserves fell by $4.1 billion from the previous quarter amid a sharp year-on-year deterioration in its financial results.
At the end of the first quarter, the stablecoin issuer of USDT said the value of its assets exceeded its liabilities by $8.2 billion. On Friday, that figure had fallen to $4.1 billion.
Tether's most recent financial report also showed a negative $3.2 billion financial result for the first half of the year. That implies the company posted a loss of more than $4 billion, given that in the first quarter it reported $1 billion in net profit.
The company, which is perhaps the most profitable company in crypto, didn't immediately respond to a request for clarification.
Volatile markets The company highlighted it had generated a net operating profit of $1.5 billion during the fiscal period.
"Tether had a great second quarter of 2026 ... despite highly volatile global markets," CEO Paolo Ardoino said on social media. "USDT user base continued to grow, reaching the new all-time-high of [more than 650 million]."
In its Q2 release, Tether emphasized “net operating profit” rather than net profit. Net operating profit generally excludes unrealized gains or losses caused by changes in the value of assets such as bitcoin and gold. Last year, Tether reported $4.9 billion in net profit.
Like leading BTC treasury Strategy, Tether marks its bitcoin holdings to market, meaning price declines reduce their reported value.
The value of Tether’s bitcoin and precious-metals holdings fell during the quarter. Its bitcoin position declined to $5.8 billion from $6.6 billion in the previous quarter. Its precious-metals position, consisting of physical gold, fell to $18.8 billion from $19.8 billion, even though Tether added 14 tons of gold.
Tether did not disclose what drove the remainder of its negative financial result. Bitcoin and gold both shed more than 10% of their price during the second quarter.
The company also reported that its secured-lending exposure declined by $2.4 billion.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Bitget zpřístupňuje svým více než 125 milionům registrovaných uživatelů on-chain výnosy přes Morph, Morpho a Gauntlet. Na USDC má být kolem 18 % APY a na bgBTC 3 % APY.
Bitget, the exchange group that claims more than 125 million registered users, is giving its customer base direct access to on-chain yield without requiring them to leave its platform. The move comes through a partnership with payments network Morph, lending protocol Morpho, and risk management firm Gauntlet.
How the integration works Morph, a payments network purpose-built for digital asset transactions, has announced the collaboration with on-chain credit protocol Morpho and yield optimization firm Gauntlet. The integration allows Bitget customers to deposit USDC and Bitcoin directly through their existing accounts to access curated yield strategies powered by Morpho and Gauntlet's Aera vaults on Morph's infrastructure.
Users will be able to earn approximately 18% annual percentage yield on USDC deposits and 3% APY on bgBTC, Bitget's wrapped Bitcoin product, without surrendering custody or navigating external decentralized finance protocols. The bgBTC yield strategy launched on Bitget Exchange on July 31, while the USDC yield strategy will become available on the self-custodial Bitget Wallet starting August 3.
The infrastructure behind the yield Morpho is a decentralized lending protocol built around the principle that lending infrastructure and lending strategy belong on different layers. Gauntlet sits in the strategy layer, acting as what the industry calls a vault curator. Using Morpho Vaults, Gauntlet deploys and curates institutional-grade yield strategies through the Morpho Curator App. With vaults deployed, Gauntlet focuses on curating risk-reward to offer the best risk-adjusted returns for vault suppliers.
The firm launched its first Morpho vaults in 2024 and by early 2026 had grown to more than 30 vaults with cumulative supply over $500 million and over $2 billion in total vault TVL across Morpho, Drift, and Kamino. All underlying complexity is abstracted through Morph's infrastructure, enabling users to maintain their Bitcoin positions while participating in yield-generating activities.
The partnership is part of a broader trend of centralised exchanges embedding DeFi yield directly into their products. The collaboration with Morpho reflects Bitget's broader UEX vision, in which users can access crypto-native and traditional financial opportunities through a single intelligent trading and asset management platform.
Sources:
Metaverse Post: Morph, Morpho and Gauntlet Partner to Deliver Institutional On-Chain Yield to Bitget's 125M Users
Morpho: Gauntlet on Morpho Vault Curation
Bitget Blog: Bitget Collaborates with Morpho and Arbitrum on On-Chain Earn Products
Coinbase dočasně omezila odesílání a přijímání MultiversX (EGLD) u části uživatelů. Problém vyřešila během několika hodin a obchodování i fiat operace běžely dál.
Some Coinbase users found themselves in a holding pattern on July 31 when the exchange flagged delays affecting MultiversX (EGLD) transactions. Sending and receiving EGLD tokens hit a bottleneck, leaving a subset of users temporarily unable to move their funds on and off the platform.
Buying, selling, and all fiat-related operations continued working just fine throughout the disruption.
What happened and how fast it got fixed Coinbase’s investigation into the issue kicked off around 15:47 PDT. The problem was narrowly scoped to EGLD network transactions, meaning only users trying to send or receive MultiversX tokens were affected.
The engineering team identified the root cause and deployed a fix within hours on the same day. Monitoring after the fix confirmed that normal operations had resumed, and the issue was marked as resolved.
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No security breach was reported in connection with the incident. No funds were lost or compromised.
MultiversX in context For those unfamiliar, MultiversX (formerly Elrond) is a blockchain protocol built around a technology called adaptive state sharding, which splits its network into parallel processing lanes to handle more transactions simultaneously.
The protocol claims throughput of up to 15,000 transactions per second with roughly six-second latency and low fees. For comparison, Ethereum’s base layer typically handles around 15-30 TPS.
Throughout 2026, the MultiversX team has been rolling out security enhancements and network upgrades, including the introduction of “Guardians,” aimed at hardening its infrastructure. None of the publicly available information suggests that the Coinbase delay was caused by any issue on MultiversX’s own network. The problem appears to have been isolated to Coinbase’s integration layer.
MultiversX’s network continued operating normally during the window when Coinbase users were experiencing delays. No reports of congestion, downtime, or unusual activity surfaced from other platforms or on-chain monitoring tools in connection with this event.
What this means for EGLD holders and traders No adverse effects on EGLD’s trading liquidity were observed during the incident. Users could still buy and sell EGLD on Coinbase throughout the disruption. They just couldn’t move it off the exchange or receive inbound transfers for a few hours.
For anyone who was mid-transfer when the delays hit, it’s worth verifying that pending transactions have completed successfully now that operations are back to normal. Checking both the Coinbase transaction history and the MultiversX blockchain explorer for confirmation is the prudent move.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana Mobile vyčlenila 27 milionů SKR tokenů pro druhé kolo kampaně Seeker Summer. V prvním kole bylo po stakování uzamčeno přes 50 % rozdělených SKR tokenů.
Solana Mobile is doubling down on its hardware-meets-crypto playbook. The company has earmarked 27 million SKR tokens for the second round of its Seeker Summer campaign, a meaningful bump from the 25 million tokens distributed in Round 1.
Claims for the Round 2 allocation opened on July 30, 2026, at 4 PM UTC. The broader Seeker Summer campaign stretches from July 7 through August 30, and we’re now firmly in the middle innings of what Solana Mobile is framing as a summer-long engagement marathon.
How the campaign actually works Seeker Summer is structured into four two-week rounds, each packed with daily app drops, quests, and badges available through the Solana dApp Store.
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The quest format keeps things specific. Round 2 features integrations with apps like Moonwalk Fitness, which requires participants to deposit 100 MF tokens by July 28 to unlock badges and additional rewards.
Over 50% of the SKR rewards distributed during Round 1 were staked shortly after they became available. When more than half of recipients choose to lock up tokens rather than sell them, it suggests participants see longer-term value in holding, or at minimum, that the staking incentives are compelling enough to delay gratification.
The bigger picture for Solana’s mobile strategy The Seeker Summer campaign is essentially Solana Mobile’s answer to a fundamental hardware problem: how do you keep people using a crypto-native phone after the initial novelty wears off? The strategy is straightforward. Flood the device with app integrations, reward users for actually engaging with those apps, and create enough ongoing activity that the dApp Store becomes a daily habit rather than a one-time curiosity.
SKR serves as the primary incentive mechanism within the campaign, with a capped supply of 10 billion tokens and functions including staking to Guardians and app selection in the dApp Store. Rather than distributing a grab bag of different partner tokens, Solana Mobile is using a single asset to unify the reward structure.
By routing quests through third-party applications like Moonwalk Fitness, Solana Mobile is effectively acting as a user acquisition funnel for Solana-native projects. The apps get exposure and active users, Solana Mobile gets engagement metrics, and participants get token rewards.
What this means for investors The staking behavior from Round 1 is the most interesting data point for anyone watching SKR as an investable asset. When users voluntarily lock up over half of a token distribution, it creates natural supply constraints. If that pattern repeats across Rounds 2 through 4, the effective circulating supply of SKR could remain significantly below the total distributed amount.
The escalating token allocations also deserve scrutiny. Moving from 25 million to 27 million tokens per round sounds modest, but across four rounds, the total distribution adds up. Investors should pay attention to whether the increased supply is being absorbed by genuine demand or simply diluting existing holders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripio nasadilo na Celo celou sadu wFIAT a přineslo šest tokenizovaných latinskoamerických měn s nulovými náklady na on/off-ramp. Patří mezi ně wARS, wBRL, wMXN, wCOP, wCLP a wPEN.
LatAm crypto platform Ripio has deployed its full wFIAT stablecoin suite on @Celo, bringing six tokenized local currencies onchain with no on/off-ramp costs. The move covers the Argentine Peso (wARS), Brazilian Real (wBRL), Mexican Peso (wMXN), Colombian Peso (wCOP), Chilean Peso (wCLP), and Peruvian Sol (wPEN).
A Full Regional Suite, Now on Celo The wFIAT suite is a group of six fully collateralized stablecoins pegged to local Latin American currencies, covering the Argentine peso, Brazilian real, Mexican peso, Colombian peso, Peruvian sol, and Chilean peso. Each token is fully collateralized in its respective fiat currency and backed by reserves held at regulated financial institutions. The stablecoins were launched in phases during 2025, beginning with wARS, wBRL, wMXN, and wCOP, followed by wPEN and wCLP, completing the six-currency regional suite.
The Celo integration adds a new distribution layer for the wFIAT stack. Both wARS and wBRL are already issued as ERC-20 assets across seven EVM-compatible networks, including Ethereum, Base, World Chain, Polygon, BSC, Gnosis, and Celo, with collateral independently attested by local public accountants. The addition of zero-cost ramps on Celo is designed to lower the last barrier to practical adoption across the region.
Trading pools for the peso and real against $USDT opened on day one through FX network Textile, giving users immediate liquidity from launch.
Celo as a LatAm Payment Rail Celo is an EVM-compatible Layer 2 on Ethereum optimized for mobile-first payments, using phone-number-based address discovery and letting users pay gas in stablecoins or USDC instead of ETH. It hosts roughly $150 million in TVL as of mid-2026, with most activity in remittances, payroll, and savings products targeting Africa and Latin America. The Ripio integration lifts Celo's stablecoin ecosystem to 31 assets serving over 18 million holders, according to the platform.
Ripio, once a pure retail platform, has reoriented itself into a B2B infrastructure provider for Latin America's crypto ecosystem, launching a family of local currency stablecoins alongside tokenized debt assets to integrate more of the local economy onchain. Stablecoins backed by local currencies, rather than foreign monetary systems, are seen as a way to promote long-term economic health across the region by strengthening domestic monetary systems.
Free ramps on six local currencies remove one of the most persistent friction points in LatAm crypto adoption. With remittances, B2B settlements, and onchain FX all in scope, the Ripio and Celo partnership positions both platforms squarely at the center of the region's stablecoin buildout.
Sources:
Cointelegraph: Ripio CEO Bets on Local Stablecoins in Latin America
World Economic Forum: Using Local Stablecoins for Economic Growth in Latin America
CoinMarketCap: wBRL (Ripio wFIAT) Profile
Shiba Inu has witnessed an aggressive cut in its circulating supply as the network continues to burn the asset in large quantities, registering its 2026 biggest token burn this week.
While the aggressive burn activity still extends to this moment, tens of millions of SHIB tokens have also been burned over the last 24 hours.
SHIB network activity soarsPer the latest data from Shibburn, the Shiba Inu burn rate has soared massively by over 3,607% over the last 24 hours as a total of 24.38 million SHIB were destroyed during the period.
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The aggressive burn trend, which began a few days ago, saw Shiba Inu register a massive burn of over 1.2 billion SHIB within just 24 hours on Monday, causing it to record the biggest burn week ever seen this year.
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The unusual network activity has drawn attention from market analysts, especially because it arrived after Shiba Inu witnessed a surprise rally which marked its largest price surge of the year.
The leading meme token saw its price surge by over 35% within just one day, igniting renewed trading activity and an unprecedented rise in its network activity.
Nearly 3 billion SHIB gone in one weekFollowing the rapid surge in the Shiba Inu burn activity seen this week, the data further showed that about 2.98 billion SHIB have been burned over the past seven days.
With its monthly total currently sitting at 3.25 billion SHIB, it is evident that the most tokens were burned this week. Meanwhile, the 24.38 million SHIB burned in the last 24 hours suggests that, although the pace has cooled from Monday's unmatched burn event, the community's commitment to reducing supply remains strong.
Research Firm Enters Injective Validator Set@FourPillarsFP, an institutional-grade validator and crypto research firm, has joined @Injective as an official network validator. The move adds a research-focused institution to Injective's validator set and broadens the network's base of participants responsible for securing the chain.
With the addition, $INJ holders can now delegate their tokens directly to the Four Pillars validator through the Injective Hub. Through the Hub, users can stake INJ, participate in governance voting, claim rewards, redelegate tokens, and monitor validator performance. Delegators earn staking rewards in return for contributing to network security, without needing to run a node themselves.
Why Validator Diversity Matters for InjectiveInjective employs a Tendermint-based Proof of Stake consensus mechanism, where validators secure the network by staking INJ tokens and transaction validation occurs through a Byzantine Fault Tolerant process that provides instant finality. That design makes validator quality and diversity a direct factor in network reliability.
INJ is the native utility token of Injective, serving various roles within the ecosystem including governance, token burn auctions, and staking on the PoS network. Delegating to a validator such as Four Pillars therefore carries weight beyond yield generation. INJ also functions as a governance token, allowing holders to vote on network proposals, meaning delegators can align their stake with validators who actively participate in shaping the protocol.
Despite declines in INJ's price and the network's total value locked, Injective continued to attract institutional engagement in 2025, spanning regulated investment products, validator participation and new financial market offerings. Four Pillars' entry as a validator is consistent with that broader trend of research-oriented and institutional players taking a more active role in network infrastructure.
For $INJ holders considering where to delegate, the Injective Hub provides a full list of active validators alongside performance data. The unstaking period lasts 21 days, though stakers can redelegate from one validator to another without undergoing the full unstaking period.
Sources:
Injective Hub Guide: How to Stake, Vote, and Manage INJ
21Shares: Injective Infrastructure for Global Finance
Everstake: Injective Staking Insights, First Half of 2025
Bitwise přejmenoval validátory v aplikaci Ledger Wallet z Chorus One na Bitwise napříč Solanou, Cosmos a Injective. Na stakování se nic nemění, mění se jen název v aplikaci.
If you’ve been staking SOL, ATOM, or INJ through Ledger and noticed a name change on your validator, you’re not losing it. Bitwise has officially swapped the Chorus One branding on its Ledger Wallet validator nodes to “Bitwise” across Solana, Cosmos, and Injective.
The cosmetic surgery was expected. Bitwise acquired Chorus One back in February 2026, bringing along more than $2.2 billion in staked assets. The rebrand is the final step in making that marriage official across user-facing platforms.
Same infrastructure, new name tag Here’s the thing: nothing about the actual staking experience changes. Same validator infrastructure. Same fees. Same rewards mechanics. The only difference is the label you see in the Ledger Wallet app, which now reads “Bitwise” or “Ledger by Bitwise” depending on the chain.
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Chorus One was one of the more respected institutional staking operators in the business, running validator nodes across more than 30 proof-of-stake networks. Bitwise didn’t acquire it to gut the operation. It acquired it to wear the jersey.
The rebrand also serves a branding consolidation purpose. Bitwise has been steadily building out what it calls Bitwise Onchain Solutions, or BOS, its division focused on staking infrastructure for institutional and self-custody users.
Why Bitwise is going all-in on staking Bitwise now manages over $15 billion in client assets across its entire operation. The Chorus One acquisition wasn’t just about adding validator nodes. It was about positioning the firm as a one-stop shop for institutions that want exposure to proof-of-stake yields without building their own infrastructure.
By absorbing Chorus One’s operations across 30-plus networks, Bitwise instantly became one of the largest institutional staking providers in the space. The $2.2 billion in staked assets it inherited isn’t pocket change.
The emphasis on Ledger integration is also telling. Bitwise has been vocal about offering “institutional-grade infrastructure tailored for self-custody users,” specifically highlighting competitive staking yields for Solana through Ledger.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Z BitMEX po oznámení o ukončení provozu odteklo 468,30 BTC v hodnotě asi 29,88 milionu USD. Je to první odliv nad 10 milionů USD od zveřejnění oznámení o ukončení provozu.
Nearly $30M in Bitcoin Exits BitMEX After Shutdown AnnouncementOn-chain data flagged by Onchain Lens shows a newly created wallet withdrew 468.30 $BTC, valued at approximately $29.88M, from @BitMEX on July 31, 2026. According to the data, this represents the first outflow exceeding $10M from the exchange since its formal closure notice was issued, with capital moving directly into a fresh on-chain address in what analysts described as a high-priority exit of exchange-held liquidity.
The timing is significant. BitMEX announced on July 23, 2026 that it will permanently cease operations at 04:00 UTC on September 23, 2026. The board of HDR Global Trading Limited, owner and operator of BitMEX, said the decision followed a strategic review of the business and the broader crypto industry. The withdrawal observed on July 31 came just eight days after that notice was made public.
What the Closure Timeline Means for Remaining Users Starting August 26, 2026, at 04:00 UTC, accounts will switch to reduce-only mode, and the exchange will begin force-closing open positions in batches. KYC-verified users who fail to withdraw assets by the closure time will be charged an account fee of USD 50 equivalent or 1% per annum, whichever is greater, billed monthly on the remaining balance.
The main challenge BitMEX faces is how user assets are transferred, as network congestion on the Bitcoin blockchain could cause significant withdrawal delays. The company has also warned users to be alert to phishing attempts that may exploit the closure announcement, noting that no expedited or priority withdrawal service exists, and that additional review procedures will be applied to withdrawal requests during the wind-down period.
The company's current proof of reserves indicates that platform liabilities are fully covered by customer assets. The exit marks the end of an 11-year run for the digital asset derivatives venue, which maintained a clean security record and lost no user funds to hacks or smart-contract exploits despite years of intense regulatory enforcement actions.
The large outflow underscores a broader trend of users accelerating withdrawals in the weeks before major exchange wind-downs, as holders seek to move assets to self-custody or alternative venues ahead of a hard deadline.
Sources:
BitMEX Official Closure Announcement
CoinDesk: BitMEX Notifies Users of Shutdown After 11-Year Run
The Paypers: BitMEX to Shut Down Crypto Exchange by September 2026
Sei 6.6 uvede první část Giga upgradu na mainnetu: Eidos začne přesouvat historii do vlastní databáze a Ares se stane výchozí cestou pro zpracování transakcí.
TL;DR: the proposal for Sei 6.6 is live, and it will be the release where Sei Giga starts touching mainnet. 6.6 will introduce the first pieces of two of the three major Giga upgrades: Eidos, a new storage layer that will begin moving the chain’s history into its own database, and Ares, a rebuilt execution engine that will become the default path for running transactions.
What the two upgrades actually areA blockchain has three key components. It agrees on the order of transactions (consensus), it runs them (execution), and it keeps a permanent record of everything it has ever done (storage). Sei 6.6 is where two of those three jobs will start becoming their Giga versions.
Eidos will upgrade Sei’s storage layer, and Ares will upgrade Sei’s execution client to the Giga executor. Both need to keep pace with the 200,000 TPS that Sei Giga is targeting.
These upgrades will begin in 6.6 and continue in future releases. Consensus, the third major part of the Giga Upgrade, will only go live later.
How Eidos changes storageEidos will begin moving the chain’s history out of a shared database and into one built for the job. In 6.6, the historical state migration will start.
Until now, Sei’s EVM history and Cosmos state have lived in the same database. That means history reads compete with live activity, and modules that have nothing to do with the EVM still pay write costs for EVM data.
Eidos will separate them. EVM history will move into its own dedicated database, so reading old history stops competing with the transactions happening right now, and non-EVM parts of the chain stop carrying the write cost of EVM data they never touch.
How Ares changes executionAres is a rebuilt execution client, and in 6.6 it will become the default execution path on mainnet. Every upgraded node will run it unless it opts out.
Ares is a different design from what came before. Where the old v2 engine used a Go-native path, Ares is built on an EVMC backend with evmone as the interpreter, and it runs its own state and cache stack.
The old engine will keep two roles.
First, it will act as a per-transaction fallback. When Ares hits something it can’t handle cleanly, that single transaction will rerun on the v2 engine instead of the new engine guessing at the result. Nothing gets dropped or approximated. The fallback catches the edge case and the block moves on.
Second, a full v2 node will run on every network as a live reference. It will process the same blocks as the new engine and compare results block by block. If the two ever disagree, it will page the on-call team. That means a mismatch between the old and new execution paths becomes an alert a human sees, not a silent divergence that surfaces later as a bug.
What comes next6.6 will be the release where Giga stops being a roadmap and starts being something running on mainnet. Eidos will have begun moving history into storage built for scale, and Ares will be the default execution path. Both are only the first step, and both continue across the releases that follow.
6.6 is a massive release, with many fixes that are unrelated to Sei Giga. The full list is in the 6.6 proposal.
Ondo Perps za 24 hodin zobchodoval 300 milionů USD a blíží se k 70 milionům USD v open interest. Za prvních 30 dní provozu prošly platformou zhruba 3 miliardy USD v perpetual futures.
Ondo Perps Clears $300M in Daily Volume@OndoPerps, the perpetual futures exchange operated by @Ondo, has recorded $300 million in 24-hour trading volume, crossing the nine-figure mark in a single day. The platform is now approaching $70 million in total open interest, a notable figure given that it has been live for less than one month.
DeFiLlama data shows Ondo Perps has processed roughly $3 billion in perpetual futures volume over its first 30 days of operation, underlining the speed at which the platform has attracted on-chain activity.
What Ondo Perps OffersOndo Perps launched on July 7, 2026, billed as the first perpetual futures platform for equities and commodities that accepts tokenized securities as collateral alongside stablecoins. Available to non-U.S. investors, the platform offers up to 20x leverage across a range of underlying assets, including major U.S. stocks such as Apple, Nvidia, and Tesla, as well as ETFs, gold, silver, and oil.
The collateral design is a key differentiator. Most competing venues require traders to hold tokenized equities separately while posting stablecoins as margin, creating a capital efficiency problem. Ondo Perps allows traders to use tokenized equity holdings directly as margin, removing the need to maintain separate capital reserves.
The exchange operates on Ondo Network, a private, high-speed trading infrastructure that Ondo Finance unveiled in late July 2026. The network separates fast trade execution from settlement on public blockchains, an architecture aimed at matching the performance of centralised exchanges while retaining on-chain settlement guarantees.
The rapid scaling of the protocol points to concentrated demand for RWA-linked derivatives among on-chain market participants, a segment that has historically lacked a dedicated, capital-efficient venue. With open interest closing in on $70 million in its first weeks, @OndoPerps appears to be gaining traction as that gap narrows.
Sources:
Ondo Perps launch press release, PR Newswire
Ondo Perps volume data, DeFiLlama
Ondo Network infrastructure report, CoinDesk
Hyperliquid na testnetu spustil permissionless nasazení HIP-4, které má vývojářům otevřít možnost vytvářet prediction markets. Mainnet má následovat brzy.
Decentralized exchange (DEX) Hyperliquid has rolled out HIP-4 permissionless deployments on the testnet, marking the first step toward enabling developers to deploy their prediction markets. This comes as the HYPE token continues to face significant selling pressure, falling below the psychological $55 level.
Hyperliquid’s HIP-4 Permissionless Deployment Goes Live On Testnet In their latest announcement, the Hyperliquid team revealed that the initial implementation of HIP-4 permissionless deployments is live on testnet. They also mentioned plans to roll out additional features, including configurable fees and more testnet templates.
This follows the initial announcement of plans to launch permissionless deployment for HIP-4 prediction markets last week. The feature is expected to launch on mainnet soon following the rollout on testnet.
The feature notably enables developers to launch their prediction and outcome markets on Hyperliquid, similar to how these developers can launch perpetuals for any asset on the HIP-3 market. The DEX had initially rolled out HIP-4 earlier this year, in a move to rival platforms such as Polymarket and Kalshi.
Blockworks data shows that the sports prediction markets have accounted for most of the open interest on Hyperliquid’s HIP-4 market. Interestingly, the open interest has been on a decline since the end of the 2026 FIFA World Cup earlier this month.
Source: Blockworks The HIP-4 market’s open interest currently stands at $182,000, according to Blockworks data. Meanwhile, the notional trading volume is $881,000.
HYPE Price Falls Below $55 The Hyperliquid price has fallen below the psychological $55 level amid the rollout of the HIP-4 permissionless deployment on testnet. The DEX token is currently trading at around $54.700, down almost 2% in the last 24 hours.
Source: TradingView The Hyperliquid price has fallen along with Bitcoin, which dropped below $64,000 as the U.S. and Israel discuss a land blockade on Iran, which could escalate the U.S.-Iran war. HYPE also faces significant selling pressure as whales continue to unstake and offload their coins.
Onchain analytics platform Lookonchain drew attention to a whale that bought HYPE at an average price of $18 months back and unstaked the tokens today and deposited them to FalconX and Coinbase Prime, likely in a move to sell them.
Whales keep selling $HYPE!
A whale that bought 1.02M $HYPE at an average price of $18 17 months ago unstaked the tokens today and deposited them into #FalconX and #CoinbasePrime 2 hours ago, likely to sell.https://t.co/sokAtSnie9 pic.twitter.com/fqgN3G5788
— Lookonchain (@lookonchain) July 31, 2026
For more on prediction markets, please check out our page on Best Crypto Prediction Markets In 2026
Velryba přesunula 1,02 milionu HYPE za 57,6 milionu USD na FalconX a Coinbase Prime. Dalších 1,89 milionu HYPE za 105,9 milionu USD zatím jen unstakovala.
Hyperliquid has traded within a descending channel since it faced rejection at $72 three weeks ago.
Over this period, all attempted rebounds have failed, reflecting sustained bearish pressure after every slight gain.
As of this writing, Hyperliquid traded around $54, up 0.65% on the daily chart. However, it remained down 7.3% weekly. The altcoin has continued to decline, largely driven by rising sell pressure from major investors.
Why are Hyperliquid whales selling? As Hyperliquid’s [HYPE] downtrend continued, some whales turned bearish and started selling.
According to Lookonchain, one whale returned to the market and unstaked its HYPE holdings. The whale unstaked 1.02 million HYPE, worth $57.6 million, and deposited it into FalconX and Coinbase Prime.
The investor purchased these tokens 17 months ago at an average price of $18.
Therefore, the position carried more than $39 million in unrealized profit before any confirmed sale.
Source: Arkham That was not all. The whale also unstaked 1.89 million HYPE, worth $105.9 million, from another wallet. The decision could reflect skepticism or asset reorganization. However, unstaking alone does not confirm an immediate sale.
The second tranche had not been deposited into any exchange at press time.
Even so, the whale activity captured the market’s attention and could spark fear among smaller traders.
Why are more investors unstaking? Notably, the whale was not an isolated case. Unstaking has become increasingly common among individual and institutional investors.
A week ago, AMBCrypto reported that 4.09 million HYPE, worth $241 million, was pending unstaking. Since then, that figure has more than doubled to 9.1 million HYPE, worth $496.6 million.
Source: Hyperscreener Additionally, Total Staked HYPE dropped from 438.7 million to 435.9 million. Rising pending unstakes and declining staked HYPE suggested that some long-term holders were reducing their exposure.
However, unstaking does not confirm that every holder intends to sell.
Could HYPE fall to $52? Investors were either selling unstaked HYPE or waiting after unstaking, adding uncertainty around future supply.
As a result, the Aroon Down line climbed to 92%, while the Aroon Up line declined to 28%. This setup indicated that HYPE formed lower lows more frequently than higher highs, reflecting strong downside pressure.
Source: TradingView The Relative Strength Index (RSI) also dropped deeper into bearish territory, reinforcing the weakness.
Together, both indicators suggested that the downtrend could continue. If selling pressure persists, Hyperliquid may drop toward the next support at $52.
Final Summary One whale deposited $57.6 million in HYPE into FalconX and Coinbase Prime. The same whale unstaked another $105.9 million, although those tokens had not reached exchanges.
Pump.fun podle vyšetřování propustil zaměstnance krátce před vestingem tokenových grantů PUMP; alespoň jeden bývalý pracovník přišel o alokaci v sedmimístné hodnotě.
Pump.fun cut employees shortly before their PUMP token grants were due to vest, according to a Sandmark investigation. Documents and recordings reviewed by the publication indicate that at least one former employee lost a token allocation now worth seven figures.
After rapid expansion, the leading Solana meme coin launchpad laid off employees in late March and early April, the report says. In a recorded meeting, Pump.fun’s co-founder Noah Tweedale told employees that the layoffs were necessary because the company had expanded too quickly.
Workers whose contracts ended in early April reportedly received severance based on tenure, but many were dismissed just weeks before the first tranche of their PUMP token allocations was scheduled to vest under agreements signed in June 2025.
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Pump.fun also faced fresh layoff claims after former employees alleged a second round of job cuts in mid-July.
A newly created X account under the handle “ex pump employee” claimed it had been fired by Baton Corp., the development firm behind pump.fun, after more than a year with the company. The account owner said he was among 40 employees laid off one day before their PUMP token grants were due to vest.
The user also claimed there were never any plans for a PUMP airdrop, adding that the company did not believe in “giving free money” to users. Pump.fun has not publicly responded to the allegations.
PUMP changed hands at about $0.002 at press time, up nearly 5% in the last 24 hours, per CoinGecko. The token has plunged 77% from its all-time high set last September.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aster Opens Vault Product to All UsersAster DEX has confirmed that its Vault beta phase is complete, with the product now open to every user on the platform. The launch marks a notable expansion for the multi-chain perpetuals DEX, which runs across Ethereum, Arbitrum, Solana, and BNB Chain.
The Vault feature is designed to bridge the gap between active traders and passive investors. Users can deposit funds into a vault and share in its profits and losses based on their stake. Each vault is structured as a pooled account managed by a single trader who runs the deposited funds as one portfolio. The service supports deposits in USDT and USD1.
Three Vault Modes and Manager IncentivesAster offers three transparency settings to suit different preferences. Public vaults disclose both positions and performance, while private vaults hide positions but still disclose performance. Flexible vaults allow managers to switch between public and private modes.
Before depositing, users can review each vault's lock-up period and profit-sharing ratio. Funds can be withdrawn after the lock-up period ends, though some positions may be reduced or liquidated if needed to process withdrawal requests.
The structure also creates a clear path for skilled traders to monetize their edge. Managers can launch investable vaults, build a verifiable public track record, and earn a share of realized profits, turning strong performance into a sustainable revenue stream on-chain.
The Vault beta launched on 24 July 2026, expanding Aster's social trading features. The full rollout to all users signals that the beta testing phase met the team's requirements ahead of a broader release.
The move fits into a wider product push at Aster. Looking ahead, the second half of 2026 will focus on continuous product improvements and expanding the Aster ecosystem, including automated liquidity management vaults, real-world crypto payments, and institutional-grade block trading. The Vault product aligns directly with the copy-trading and managed-strategy direction the team has been signalling.
Sources:
Bloomingbit: Aster Launches Beta Vaults for Managed Trading Strategies
CoinMarketCap: Latest Aster News and Updates
Aster DEX: Official Roadmap
SBI Holdings potvrdila, že zůstává investovaná do Ripple a že její podíl má hodnotu ¥6,6 bilionu (41,2 miliardy USD), i přes slabší XRP. Firma to uvedla při výsledcích za 1. čtvrtletí.
SBI Holdings has reiterated its belief in Ripple’s investment despite the recent price slump in XRP even though it has dropped in value.SBI Holdings has confirmed that it remains invested in Ripple and now holds a stake valued at ¥6.6 trillion ($41.2 billion) despite the recent XRP price declines.
SBI Holdings Doubles Down On Massive $41.2 Billion Stake In Ripple The update was made during SBI’s first quarter earnings call when it was revealed that the “cryptocurrency business remains sluggish, as if waiting to determine whether the CLARITY Act will be enacted.” However, the firm said it stressed that the “Ripple shareholding alone is worth ¥6.6 trillion.” This is a good sign of the SBI Group’s trust in Ripple and XRP in the midst of the market slowdown.
The remarks are part of the U.S. Senate’s deliberation on the CLARITY Act. Recently, Senator Cynthia Lummis indicated that legislators remain hopeful that they will be able to cast their vote on the bill prior to the August recess.
“We have one more week here in Washington,” Lummis said. She said a continuing resolution, a nomination and a sanctions vote are vying for floor time.
She also said Senate Majority Leader John Thune “has kept a place for the Clarity Act on the agenda before the August recess” and added, “I believe he does intend to go through with it.” However, she noted the vote could take place “tomorrow, or Monday, or Tuesday.”
About SBI Group’s Earnings Results In addition, SBI recorded its most successful first quarter ever.
Revenue grew to ¥571.0 billion, and profit before tax rose to ¥225.8 billion. Net profit attributable to shareholders was ¥148.1 billion, which rose by 149.9% year over year. The group’s ROI on equity for the past year was 29%, well above the medium-term target of 15%.
SBI said its crypto asset business, which posted a ¥1.4 billion loss before tax, was weak, but the global crypto market maker B2C2 was profitable.
The company is also building its digital asset reputation. It recently introduced crypto lending and support services via its JPYSC stablecoin through SBI VC Trade and is looking to its planned acquisition of Bitbank to expand the number of cryptocurrency accounts to about 3 million, assets under custody, to ¥870 billion.
For seamless crypto trading in Japan, visit our page on 8 Best Crypto Exchanges and Platforms in Japan.
Dr. Kamilah Stevenson navrhla šestidílnou aktualizaci XRP Ledgeru pro banky a firmy, včetně skrytých transakcí a lepšího souladu s předpisy. Cílem je zvýšit atraktivitu XRPL pro institucionální použití.
Dr. Kamilah Stevenson, a blockchain strategist known as The Wealth Doctor, has put forward a six-part upgrade package for the XRP Ledger aimed at making the public network more attractive to banks and corporations. These proposed changes focus on facilitating confidential transfers and improving compliance features, with the goal of addressing key concerns institutions face when considering public blockchains.
Confidential transfers and compliance focusDr. Stevenson emphasized that financial institutions and corporations have hesitated to use public blockchain networks for sensitive transactions, primarily because transaction data—including balances, counterparties, and timing—are visible to anyone with access to the network. She argues that this visibility compromises privacy and confidentiality, both of which are non-negotiable requirements for many enterprises operating under regulatory oversight.
The confidential transfers feature included in her proposal would conceal transaction amounts from public view while still allowing the ledger to validate the legitimacy of each transfer and ensure no improper creation of assets occurs. This privacy mechanism, according to Dr. Stevenson, is critical for enterprise adoption.
“When technology reaches ordinary people, it disappears,” Dr. Stevenson said, pointing out that consumers could use products built on the upgraded XRP Ledger without having to buy XRP or be aware that blockchain technology underpins the application.
Mini dictionary: XRP Ledger, also known as XRPL, is an open-source, decentralized blockchain widely used for fast, low-cost cross-border payments.
Additional upgrade featuresBeyond confidential transfers, the proposed upgrade package addresses several operational and technical needs. Batch transactions would permit multiple actions to be executed together, succeeding or failing as a single unit, enabling greater efficiency for corporate workflows. Permission delegation is envisioned to allow limited account authority, granting specific permissions to associates or automated processes without sharing full private key access.
The integration of Dynamic NFTs, which are tokens with properties that can be updated after issuance, could attract new enterprise and consumer applications. Additionally, node-performance improvements could yield up to 40% reductions in memory use, potentially lowering infrastructure costs for network participants.
FeaturePurposeIntended UsersConfidential transfersPrivacy for transaction detailsBanks, enterprisesBatch transactionsMultiple actions in one stepInstitutional usersPermission delegationControlled account accessCorporate accountsDynamic NFTsModifiable token featuresDevelopers, enterprisesNode-performance upgradesMemory efficiencyNetwork validatorsGovernance and upgrade processUnder the XRP Ledger’s governance model, any amendment or upgrade requires continuous support from at least 80% of validators over a two-week period. If validator backing falls below this threshold at any point, the activation timer resets. Dr. Stevenson described this conservative protocol as specifically designed to give stability and predictability to institutions evaluating long-term infrastructure investments.
Any proposed features must navigate the amendment process before becoming active on the XRP Ledger, and no set date or validator numbers for this upgrade package have been disclosed.
Since the features remain in the proposal stage, there are as yet no market price movements or adoption figures directly attributed to the potential upgrade. Implementation would ultimately rely on community support, validator consensus, and the resolution of any technical or compliance questions that arise during the approval process.
If these upgrades are adopted, the XRP Ledger could expand its appeal to regulated firms, but actual integration would depend on further alignment with compliance requirements and demonstrated enterprise demand.
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.
Ethereum má ve vstupní stakingové frontě asi 2,5 milionu ETH a čekání na aktivaci trvá zhruba 43 dní. Sygnum ale říká, že část fronty je mechanická, ne čistý signál poptávky.
The Ethereum validator entry queue has swelled to roughly 2.5 million ETH, with new stakers waiting approximately 43 days to activate while the exit queue remained largely empty, according to data from Beaconcha.in.
Thomas Brunner, Head of Custody and Staking at Sygnum Bank, said the backlog is not the clean bullish signal it appears to be on the surface.
"The queue is genuinely long, and part of that is real demand we've observed with spot ETF and at our own level," Brunner said in a written interview with The Block. "But a meaningful share of this staking backlog is mechanical, not directional and it stems from last year's Pectra upgrade."
The Dencun upgrade lowered the daily validator entry rate to roughly 57,600 ETH, Brunner said, and Pectra did not raise it. Pectra also allows validators to hold up to 2,048 ETH each and compound automatically, so large operators are now topping up existing validators. Every top-up, some as small as 1 ETH, waits in the same queue as fresh stakers.
"This backlog reflects operators rearranging and compounding stake they already hold, not just new appetite for ETH," Brunner said.
The largely empty exit queue, by contrast, offers an unambiguous signal.
"Almost no one is un-staking, which points to genuine conviction," he said. "The entry queue measures as much plumbing as demand."
Ethereum's (ETH) staking base has continued to grow alongside the queue. About 41.2 million ETH, or 33.8% of the circulating supply, is currently staked, according to Beaconcha.in.
Expand Chart
Institutional conviction Brunner said institutions are not deterred by softer ETH prices.
Ether was trading at above $1,800 on Friday, down 1.7% on the day, according to The Block's ETH price page. Separately, TD Cowen on Thursday lowered its year-end 2026 ether price forecast to $2,371 from about $3,650, citing slower-than-expected progress toward a U.S. regulatory framework for tokenized financial assets while maintaining its long-term Ethereum thesis.
"A lot of institutions now see the staking yield as native to the asset and the utility case as still intact," he said. "When the longer economic and technical story holds up, temporary soft prices matter less. Capital keeps moving in because the horizon is measured in years, not quarters."
He added that long-term holders have little reason not to stake: "It will protect you against any protocol inflation during low activity phases and provide you with a good yield through transaction fees and MEV when activity picks up and ETH becomes deflationary due to the burn."
Privacy remains a barrier Brunner identified validator privacy as a key remaining barrier to institutional participation.
"On Ethereum everything is visible by design," he said. "Deposit address, validator, withdrawal credential, all linked in a straight line that anyone with basic analytics can follow. That means an institution's size, timing, even rough strategy is sitting out in the open. For a lot of professional money that is not some abstract risk. It is enough to make them hesitate on scaling."
He said the EIP-8222 lean staking proposal could help address that by closing the final validator-to-withdrawal link. The proposal, however, also comes with tradeoffs, including fixed denominations that can hurt capital efficiency and variable claim waiting periods that complicate institutional operations.
“The players who win will be the ones who can take the new privacy layer and still satisfy their own auditors and control requirements,” Brunner noted. “Privacy helps entry. It does not erase the need for serious infrastructure underneath.”
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Ethereum slaví 11 let a na síti drží asi 148,8 miliardy USD ve stablecoinech a zhruba 15,5 miliardy USD v tokenizovaných reálných aktivech. Denní příjmy mainnetu ale klesly na asi 330 tisíc USD.
Ethereum has turned 11, and the network’s birthday arrives with a very Ethereum-style contradiction: it is still one of the most important settlement layers in crypto, but its base-chain revenue has cooled sharply.
The validated July 31 notes show Ethereum hosting roughly $148.8 billion in stablecoins and around $15.5 billion in tokenized real-world assets. At the same time, daily mainnet revenue was reported near $330,000, with base-chain fees around $734,000 over a 24-hour period.
That combination tells the real story better than a birthday tribute would.
Ethereum is still deeply important. Stablecoins, DeFi, tokenized assets, Layer 2 settlement, and institutional infrastructure all continue to orbit around it. But the economics of the base chain are changing as activity moves across rollups, alternative chains, and cheaper execution environments.
Ethereum is not disappearing. Its revenue model is evolving.
For more details, visit the official Etherscan platform.
TL;DR Ethereum turned 11 on July 30, 2026. The network hosts about $148.8 billion in stablecoins and roughly $15.5 billion in tokenized real-world assets. Mainnet revenue has cooled, showing the trade-off between scaling and base-layer fee capture. Ethereum’s First Decade Was About Survival And Expansion Ethereum’s first 11 years have been unusually eventful.
The network launched as Frontier in July 2015. Since then, it has survived the DAO crisis, hard forks, congestion cycles, NFT manias, DeFi booms, stablecoin growth, competing Layer 1s, regulatory pressure, and the Merge to proof-of-stake.
It also became the default home for much of crypto’s financial experimentation.
Stablecoins grew on Ethereum. Lending markets scaled there. DEXs became serious there. Tokenized assets, DAOs, NFTs, and Layer 2 ecosystems all built around Ethereum’s developer base and security assumptions.
That is why the stablecoin figure matters.
A $148.8 billion stablecoin base is not just a vanity metric. It shows that Ethereum remains a major settlement environment for dollar-denominated crypto activity, even as cheaper networks compete for transaction volume.
The Fee Drop Is Not Automatically Bad Lower mainnet revenue can be read in two ways.
The bearish reading is that Ethereum is losing economic value. If users are paying less to transact on mainnet, ETH fee burn declines, validator economics change, and the network may capture less direct revenue from activity.
That matters.
But the more balanced reading is that Ethereum scaling is working in a way that changes where activity happens. Rollups and Layer 2 networks were designed to make transactions cheaper and move execution away from the congested base chain. If users can transact more cheaply, mainnet fees should fall.
That is the trade-off.
Ethereum wanted scaling. Scaling reduces fees. Lower fees reduce direct mainnet revenue. The question is whether Ethereum captures enough value through settlement, data availability, ETH monetary premium, and Layer 2 alignment to offset lower base-chain activity.
That is now one of Ethereum’s central debates.
Stablecoins Are The Anchor Stablecoins remain one of Ethereum’s strongest anchors.
Speculative applications come and go, but stablecoins have become core financial plumbing. Traders use them. Exchanges use them. DeFi protocols use them. Payment companies use them. Treasury desks and market makers use them.
If Ethereum continues to host a large share of stablecoin value, it remains strategically important even if some transaction execution migrates elsewhere.
The same is true for tokenized real-world assets.
A reported $15.5 billion RWA base is still small relative to traditional finance, but meaningful within crypto. Tokenized treasuries, credit products, funds, and other on-chain assets have become one of the more serious institutional narratives in the market.
Ethereum’s role is less about being the cheapest chain and more about being a trusted settlement layer with deep liquidity, developer tooling, and long-running infrastructure.
Layer 2s Changed The Revenue Conversation Ethereum’s Layer 2 strategy is both its strength and its complication.
On one hand, rollups make Ethereum more usable. They reduce congestion, lower transaction costs, and allow applications to scale without every user touching mainnet directly.
On the other hand, they fragment liquidity and reduce direct fee pressure on the base chain.
That creates a new valuation question for ETH.
In the old model, high demand for blockspace translated into high fees and more burn. In the newer model, activity may happen across many Layer 2s, while Ethereum earns through settlement and data-related demand. That can be healthier for users but harder for investors to model.
The network’s 11th birthday therefore comes at an important moment.
Ethereum is no longer proving that smart contracts matter. That battle was won years ago. Now it is proving that a modular scaling strategy can still support strong ETH economics.
Ethereum’s Next Chapter Is About Value Capture Ethereum’s position remains strong, but the easy narrative is gone.
It is not enough to say Ethereum has the most developers or the deepest DeFi history. Competitors are faster, cheaper, and more specialized. Layer 2s create both scale and fragmentation. Mainnet fees no longer tell the whole story.
The better question is where value ultimately settles.
If stablecoins, RWAs, DeFi collateral, and rollups continue depending on Ethereum security, then lower fees may be part of a successful scaling path. If too much activity and value drift away without returning economic benefit to ETH, the market will care.
That is why the current data is so interesting.
Ethereum at 11 is still foundational, but the business model of the base layer is being rewritten in real time.
This article is based on public Ethereum network data and July 2026 stablecoin, RWA, and fee metrics.
This article was written by the News Desk and edited by Samuel Rae.
Charles Hoskinson řekl, že Cardano je technicky silnější než v roce 2024, ale jeho tržní pověst zůstává slabá. ADA se nyní obchoduje kolem 0,17 USD, což je 87% pokles od prosincového vrcholu v roce 2024.
Cardano founder Charles Hoskinson has compared the blockchain’s current state with its performance in 2024.
Speaking during a recent livestream, Hoskinson said Cardano is far stronger from a technical standpoint than it was in 2024. He credited the ecosystem’s continued innovation, particularly the upcoming Ouroboros Leios upgrade, as evidence of the network’s engineering progress.
Currently undergoing testing, Leios is expected to significantly increase Cardano’s transaction throughput and scalability. Once deployed, the upgrade could reinforce the blockchain’s reputation as one of the industry’s most research-driven networks.
However, Hoskinson acknowledged that these technical achievements have not translated into stronger market performance or wider industry recognition.
According to him, Cardano’s brand, market position, and overall level of respect within the crypto industry remain below where they should be. While praising the ecosystem’s engineering accomplishments, he stressed that Cardano must make important strategic decisions if it hopes to regain its competitive edge.
Cardano Has Lost Ground Since 2024 Hoskinson’s remarks come as Cardano continues to recover from a prolonged market decline.
Following the 2024 U.S. election, ADA emerged as one of the market’s strongest-performing cryptocurrencies, climbing to $1.31 and comfortably holding a position among the industry’s top 10 digital assets.
Since then, however, the token has experienced a sharp downturn. ADA currently trades around $0.17, representing a 87% decline from its December 2024 peak. The cryptocurrency has also slipped to become the 14th-largest digital asset by market cap.
Beyond the price decline, Cardano has faced several ecosystem challenges, including project shutdowns, EMURGO’s withdrawal from Pentad, and ongoing governance-related controversies that have weighed on community sentiment.
Hoskinson Pledges to Push Cardano Forward Despite the setbacks, Hoskinson made it clear that he has no intention of slowing down.
Addressing the Cardano community, he said he plans to continue to advance the ecosystem regardless of whether everyone agrees with his approach. He emphasized that he already knows the direction he wants to pursue and invited supporters who share his vision to help execute it rather than wait for universal consensus.
He also urged the community to focus on getting ADA “back on track” and restoring what he described as Cardano’s winning culture.
Reaffirming his long-term confidence in the project, Hoskinson described Cardano as a blue-chip blockchain that has already secured its place among the industry’s foundational networks. In his view, changing market cycles and growing competition will not diminish the network’s long-term relevance.
Governance Reform Forms Part of His Strategy As part of his broader plan to revive Cardano’s momentum, Hoskinson revealed that he intends to establish a political party that would create a Delegate Representative (DRep) to participate directly in Cardano’s on-chain governance.
He believes this initiative could help counter what he sees as growing cynicism and pessimism within the ecosystem while encouraging more constructive participation in governance.
According to him, stronger leadership and clearer strategic direction will be essential if Cardano is to strengthen its market position and restore confidence among investors and the broader crypto community.
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.
Tether ve 2. čtvrtletí vykázal čistý provozní zisk 1,5 miliardy USD a rezervy převyšovaly závazky o 4,11 miliardy USD. Zároveň zvýšil oběh USD₮ na přibližně 184,6 miliardy USD₮ a držby zlata o 14 tun na více než 146 tun.
Tether Posts Strong Q2 Performance, Generates $1.5B Net Operating Profit, Maintains $4.11B Reserve Buffer, and Expands Gold Holdings to More Than 146 Tons
Tether International, S.A. de C.V., today published its attestation for Q2 of 2026, prepared by BDO, a top-five global independent accounting firm. The report confirms the accuracy of Tether’s Financial Figures and Reserves Report and provides an overview of the assets backing USD₮ as of June 30, 2026.
USD₮ issuance increased, with approximately $184.6 billion in tokens issued at the end of Q2, around $446 million higher than at the end of Q1 despite a decrease in the industry’s total market cap. USD₮’s resilience extended its market share to over 60% of the total stablecoin market. The results demonstrate the strength and resilience of Tether’s reserve strategy through significant volatility across gold and Bitcoin.
Tether’s reserves continue to be centered on short-duration, high-quality liquid assets. Its net operating profit, led by U.S. Treasury and repo, reached approximately $1.50 billion for the quarter. The majority of reserves remain in U.S. government-backed instruments and short-term liquidity facilities, providing the liquidity needed to manage redemptions across different market conditions. As a result, the Company remained one of the world’s largest buyers and holders of U.S. Treasuries.
At the end of the quarter, Tether’s reserves exceeded its liabilities by approximately $4.11 billion, demonstrating the resilience of the Company’s reserve structure through sharp market volatility. Tether also reduced its secured lending exposure by approximately $2.38 billion (15%).
The Management of the Company asserts the following as of June 30, 2026:
The Company’s total assets amount to US$ 187,751,426,411 The Company’s total liabilities amount to US$ 183,641,897,215, of which US$ 183,622,105,630 relate to digital tokens issued The Company’s assets exceed its liabilities by US$4,109,529,196 “Q2 demonstrated the strength of Tether’s reserve strategy under real market pressure,” said Paolo Ardoino, CEO of Tether. “The assets that back some of Tether’s reserves were tested directly during the quarter. Through all of the volatility, USD₮ remained fully backed with our reserves still exceeding liabilities by $4.11 billion. Our net operating profit for the quarter was $1.50 billion, led by a strong U.S Treasury portfolio and repo performance. We remained one of the world’s largest buyers of U.S. Treasuries, reduced secured lending by $2.38 billion, and added 14 tons of physical gold. At the same time, our global user base continued to grow by more than 30 million users. These results show that Tether has the liquidity, discipline, and scale to remain resilient across market cycles while continuing to serve hundreds of millions of users around the world.”
USD₮ continues to serve as financial infrastructure for people and businesses across global markets. Tether remains focused on maintaining a liquid and diversified reserve structure capable of supporting that demand at scale. During the quarter, the Big Four audit process continued alongside the development of Tether’s broader technology and financial infrastructure ecosystem.
For more information, please refer to the latest Financial Figures and Reserves Report here
Coinkite uvedl, že chyba v hardwarové peněžence Coldcard vytvořila příliš snadno uhodnutelné seed fráze a vedla ke krádeži 594 BTC, zhruba 38 milionů USD. Aktualizace firmwaru už dříve vytvořený seed neopraví.
In brief Coinkite says a build error meant seeds on its Coldcard hardware wallets were drawn from a software fallback instead of the hardware generator. It believes an attacker used AI on its open-source code, and says its own AI review weeks earlier found nothing. Every current model is affected to some degree, and updating the firmware does not repair a seed already created. Coinkite believes an attacker used AI to find a flaw that has cost owners of its Coldcard hardware wallets tens of millions of dollars in Bitcoin, and says its own AI review of the same code weeks earlier turned up nothing.
The hardware wallet manufacturer published an advisory for its Mk3 and a technical breakdown on Thursday, after learning that seeds generated by its devices were far more guessable than intended.
COLDCARD Mk3 Security Advisory
If you generated a seed on a Mk3 after firmware 4.0.1, your funds may be at risk.
Mk4, Q and Mk5 are not affected based on our early analysis.
Read the advisory and migrate carefully:https://t.co/3vgPHOjMS7
— COLDCARD (@COLDCARDwallet) July 30, 2026
The losses to the flaw, which was exploited early Friday, are estimated at 594 BTC, around $38 million. Funds were drained from roughly 500 wallets inside 25 minutes, with 562 BTC since consolidated into a single address.
Coinkite said it has to assume "someone used AI to review previous versions of our firmware" in order to uncover the flaw. The firm said it had run one of the best available models over its own code a few weeks earlier, and the model "did not find this bug or anything serious." Attackers and defenders have the same tools, it wrote, but this time "it did not help us, and only helped the bad guys."
What went wrongColdcard's firmware calls a function to fetch randomness, and two implementations of it sat in the codebase with identical signatures: the hardware generator Coinkite wrote, and a software fallback inherited from MicroPython. A preprocessor guard checked only whether a setting was defined, without testing its value, so the build completed against the fallback without complaint. Seed generation had been drawing on it since a March 2021 migration.
Every current model is affected to some degree. Coinkite estimates the effective search space for an Mk3 seed at about 40 bits, against the 128 a seed is meant to have. Extra entropy from the secure elements on the Mk4, Q and Mk5 lifts theirs to roughly 72 bits, which the company says materially improves the position without reaching the target. Tapsigner, Opendime and Satscard use different code and are unaffected.
What owners must doCoinkite has shipped an emergency hotfix, version 5.6.0 for the Mk4 and Mk5 and 1.5.0Q for the Q. Updating does not repair a seed already created on affected firmware. Owners need a new seed generated on patched hardware, and the company recommends a strong BIP-39 passphrase, at least 99 dice rolls, or both. Mk3 owners, whose model is out of support, are pointed to a separate migration path.
1/ Earlier today, our Bitcoin engineering and security teams at Block began investigating reports of non-Bitkey wallets being drained. To proactively protect our customers, we began investigating immediately. Here’s what we found 🧵
— Max Guise (@max_guise) July 31, 2026
A seed created on an affected Coldcard stays weak after being restored to another brand's device, a point rival hardware wallet manufacturer Trezor made while telling its own users their funds are safe. Block, which published an independent analysis on Friday, said none of its products are affected, and its hardware lead Max Guise urged anyone exposed to move funds as soon as they safely can.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Zebec spojil síly se Stellar a Tangem a představuje hardwarové peněženky pro firemní výplaty. Zaměstnanci tak mají dostávat USDC přímo do non-custodial peněženek bez seed phrase.
A Three-Way Push Into Corporate Payroll@Zebec_HQ has joined forces with @StellarOrg and @Tangem to roll out custom, hardware-based wallets aimed squarely at the global employee payroll market. The initiative marks the latest step in Zebec's expanding relationship with the Stellar network, which selected the company as its global stablecoin payroll infrastructure provider earlier in 2026.
Announced in March 2026, Zebec's integration with Stellar allows businesses to pay employees continuously in USDC on a per-second basis, a feature selected by the Stellar Development Foundation. The new hardware wallet programme takes that infrastructure one step further by putting a physical, branded device directly into workers' hands at the point of onboarding.
Employees and contractors can receive salaries rapidly into their digital wallets, spend funds via Zebec's Mastercard-powered cards, and convert digital dollars into local fiat currencies. The addition of Tangem's hardware layer is designed to make that experience accessible to staff who may have little or no prior crypto experience.
Seedless Security at the Point of OnboardingThe wallets use NFC technology to deliver a tap-to-sign experience, removing the friction that has historically made self-custody impractical in a corporate setting. Critically, the setup eliminates the need for traditional seed phrases while keeping the wallet non-custodial. Tangem generates and stores the master key securely on a chip within the wallet card, reducing the risk of theft or loss from unprotected backups, with recovery achieved through additional cards rather than written phrases.
When a Tangem wallet is initialised, the chip's hardware random number generator creates a private key that never leaves the secure element, not during setup, not during transactions, and the key is stored in tamper-resistant hardware that will physically destroy itself if extraction is attempted.
For Zebec, the partnership addresses one of the most persistent barriers in crypto payroll adoption: key management. By handing employees full key ownership upon onboarding, the company removes the corporate intermediary from the salary pipeline entirely, a meaningful step for businesses operating across multiple jurisdictions where wage portability and financial access remain uneven.
Founded in 2021, Zebec Network has built a broad portfolio spanning crypto-linked payment cards, streaming payroll systems, and cross-border settlement tools. The Tangem collaboration is the latest in an ongoing hardware wallet partnership between the two firms, with a prior co-branded wallet run having reportedly sold out.
Sources
Zebec Launches Stablecoin Payroll on Stellar for Global Workforces (FX Daily Report)
How Seedless Wallets Work (Tangem Blog)
AllUnity and Zebec Deploy EURAU-Powered Employee Benefits on Stellar (Business Wire)
Stellar Development Foundation uvedla, že ve 2. čtvrtletí rostl počet aktivních účtů i nově vydaných aktiv, což ukazuje na vyšší adopci sítě. Do dalších měsíců míří na tokenizaci reálných aktiv, přeshraniční platby a nástroje pro compliance.
The Stellar Development Foundation (SDF) hosted a live webinar at 3pm ET, bringing together senior executives to review recent network performance and share expectations for the second half of 2025. The session featured CEO Denelle Dixon, Chief Product Officer Tomer Weller, Chief Technology Officer Raja Chakraborty, and VP of Product Jose Da Ponte.
Q2 network growth and product advancementsThe leadership team reported steady progress throughout the second quarter, emphasizing the expansion of payment volumes, advances in tokenization, and upgrades to developer tools. Stellar, which operates as an open blockchain focused on fast, low-cost global payments, continues to attract real-world asset issuers and stablecoin projects.
While the SDF did not disclose specific growth metrics for Q2, it identified an uptick in active accounts and newly issued assets as primary indicators of institutional and fintech adoption on the Stellar network.
Stellar has concentrated on growing network participation by making tokenization and payment solutions more accessible to businesses and developers integrating real-world assets and regulated digital currencies.
Leadership insights and ecosystem prioritiesPanelists including Dixon, Da Ponte, Weller, and Chakraborty outlined the current strategy that links new protocol features to practical business applications. The team discussed ongoing integration of Soroban smart contracts and regulatory compliance tools, which are increasingly in demand among companies seeking to launch regulated assets and streamline digital operations.
In addition to improving underlying infrastructure, the SDF plans to develop user-friendly products tailored to crypto exchanges, custodians, and legacy financial institutions. This approach aims to facilitate compliance with dynamic global regulations, positioning Stellar as a viable settlement network for institutional clients.
The Foundation also mentioned product priorities for the months ahead, focusing on real-world asset tokenization, cross-border payments, and new incentive programs for its ecosystem. These initiatives come as part of a broader industry trend, with increased institutional interest in blockchain-based settlements and asset digitization—an area also being advanced by platforms such as Ethereum and Polygon.
Mini dictionary: Soroban is a smart contract platform built for Stellar that enables developers to deploy decentralized applications with support for advanced logic and programmable features. Designed for scale, Soroban allows for the customization of on-chain assets and supports compliance with regulatory requirements.
By focusing on regulatory-compliant infrastructure and ecosystem incentives, Stellar intends to accelerate network usage and adoption among established financial players entering the digital asset sector.
NetworkMain FocusQ2 DevelopmentsStellarPayments, RWA tokenizationActive accounts and asset issuance up; new smart contract tools (Soroban)EthereumSmart contracts, DeFiInstitutional settlement platforms, ongoing scaling upgradesPolygonScalability, sidechainsRising settlement volumes, expanded business partnershipsDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Chainlink Reserve uzavřela červenec s rekordním měsíčním přírůstkem přes 706 000 LINK a celkové zásoby vzrostly na 5 210 976 LINK. Nové nákupy měly hodnotu přes 5,7 milionu USD.
July Brings Another Month of Steady AccumulationThe Chainlink Reserve closed July 2026 with its largest single-month token haul yet, adding more than 706,000 $LINK throughout the month. The latest purchases were valued at over $5.7 million, bringing total Reserve holdings to 5,210,976 LINK.
The pace of accumulation marks a significant step up from earlier in the programme's life. Early inflows averaged 80,000 to 90,000 LINK per week in late 2025, rising to between 125,000 and 137,000 LINK per week by early 2026. July's figure implies the programme has continued to accelerate from there.
How the Reserve Works and Why It MattersThe Chainlink Reserve is an on-chain reserve that accumulates its native LINK token using revenue from fees paid by large institutions and decentralised applications. It is funded through Payment Abstraction, an on-chain infrastructure that converts payments made in gas tokens and stablecoins into LINK using decentralised exchange infrastructure.
Chainlink has said it does not expect any withdrawals from the Reserve for multiple years, and the balance is expected to grow as more enterprise revenue is directed on-chain. The Reserve operates transparently through a public dashboard and a time-locked Ethereum contract.
Launched on August 7, 2025, the initiative is part of the Chainlink Economics 2.0 upgrades. Since then it has grown from roughly $1 million at inception to a holding now worth well into the tens of millions of dollars at current market prices. Reported milestones driving that growth include DTCC's approval of tokenisation, UBS's launch of tokenised funds, and Coinbase's bridging of $7 billion in wrapped assets using Chainlink infrastructure.
The Reserve's long-term effect on LINK tokenomics depends on whether revenue growth outpaces ongoing token unlocks. For now, the trajectory points firmly upward, with each monthly update reinforcing the programme's role as a structural demand driver for the token.
Sources
Chainlink Reserve official dashboard
Chainlink blog: Introducing the Chainlink Reserve
CoinDesk: Chainlink Launches LINK Reserve to Fuel Network Growth
Circle získala od NYDFS schválení nové trustové charty v New Yorku pro Circle Internet Trust Company LLC. Pro USDC to znamená další regulační posílení.
Circle Internet Group has picked up a fresh regulatory milestone in New York, one of the states most closely watched in the digital asset space.
A New Charter, a Decade in the Making
Circle’s new trust charter comes from New York’s financial regulator, the NYDFS, which issued the approval for a limited purpose trust entity tied to the stablecoin issuer. The new unit will now operate under the name Circle Internet Trust Company LLC, doing business as Circle New York Trust.
The move builds on a relationship that stretches back more than a decade. Circle became the first company to receive a BitLicense from NYDFS back in 2015, a distinction that marked the start of its long-running regulatory relationship with the state.
Why New York Matters Here
New York’s financial regulator is widely viewed as a global benchmark for digital asset oversight, and the state also happens to be where Circle is headquartered. Landing a trust charter there gives USDC an added layer of institutional credibility as regulated digital dollars continue moving further into mainstream finance.
What Circle’s CEO Had to Say
Circle co-founder, chairman, and CEO Jeremy Allaire framed the charter as a milestone the company had been pursuing for years. CEO Jeremy Allaire called it a longstanding goal tied to regulatory clarity now, pointing to the significance of the timing.
“NYDFS is an international standard setter for digital asset regulation, and New York is Circle’s global headquarters,” Allaire said. “This charter reflects over a decade of regulatory commitment and positions USDC within a strong, respected framework as digital dollars become central to the global financial system.”
Story Ends Here
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MoonPay nasadil MoonPay Trade do MiracleTrade a automatizoval funding v ekosystému Hyperliquid. Obchodníci teď mohou vkládat prostředky přímo pomocí $BTC, $SOL nebo $ETH bez ručního přemosťování.
Direct Funding Replaces Manual Bridging@MoonPay has deployed its MoonPay Trade execution layer to @MiracleTrade, automating capital flows across the @Hyperliquid ecosystem and removing a friction point that has long slowed traders entering the platform.
Until now, funding a Hyperliquid trading account required a manual, multi-step process: buying $USDC on an external exchange, bridging it through @Arbitrum, and then depositing it into the DEX. Previous workarounds required users to buy USDC on another chain, bridge it to Arbitrum (Hyperliquid's settlement layer), and then deposit it into the DEX, with each step taking time, costing gas fees, and introducing opportunities for mistakes. The MoonPay Trade integration collapses that workflow into a single action, allowing traders to fund their wallets directly using $BTC, $SOL, or $ETH.
How MoonPay Trade WorksThe system relies on deterministic routing to execute cross-chain swaps in the background, keeping the process non-custodial while consolidating fragmented liquidity. Unlike standard bridge or DEX aggregators, MoonPay Trade handles cross-chain routing and settlement automatically. Cross-chain trades are routed and settled automatically, meaning users do not need to manually manage bridges, wrapped assets, or gas on the destination chain.
MoonPay Trade is powered by the technology and team from Decent.xyz, the Y Combinator-backed cross-chain routing company MoonPay acquired. Decent developed proprietary bridge infrastructure, routing algorithms, and an aggregation layer that delivers optimized execution across 200-plus chains and millions of assets.
MoonPay Trade is designed to reduce that burden by combining transaction execution, settlement, conversion, and payment support for more than 120 fiat currencies on one platform. Where MoonPay once handled the entry and exit points, MoonPay Trade now powers everything in between: cross-chain execution, collateral movement, tokenized fund subscriptions, and onchain settlement, all backed by institutional-grade compliance infrastructure.
The Miracle integration extends those capabilities directly to Hyperliquid traders, giving the platform's users a faster path to capital deployment without leaving a non-custodial environment.
Zcash [ZEC] za posledních 24 hodin vzrostl o 3,2 % po úspěšném spuštění upgradu Ironwood. Upgrade opravil dříve oznámenou chybu a během 24 hodin převedl asi 176 000 ZEC.
Zcash [ZEC] gained 3.2% over the past 24 hours and is trading at $475.95 at the time of writing, outperforming a largely flat Bitcoin [BTC] after the successful rollout of its highly anticipated Ironwood network upgrade. Activated on July 28, the upgrade fixed a previously disclosed counterfeiting flaw by replacing the older Orchard shielded pool with a more secure version.
Within the first 24 hours, approximately 176,000 ZEC worth about $80 million had already moved to the new system, indicating strong early adoption and that confidence has been reinstated in the network as a whole.
With Bitcoin trading largely sideways, ZEC’s gains appear to have been driven primarily by its own network developments rather than broader market momentum. With that said, is this upgrade enough to sustain this increase?
Is ZEC’s rally the start of a reversal?
Zcash has rebounded 3.2% over the past 24 hours, but the move may not be enough to signal a broader trend reversal. On the daily chart, ZEC is trading above a long-standing support zone between $361.59 and $377, an area that has repeatedly attracted buyers since early May. While this has helped prevent a deeper decline, the token has yet to establish a convincing higher high, leaving the broader bearish structure intact.
Volume also offers little confirmation that buyers are regaining control. The On-Balance Volume (OBV) indicator has remained largely flat before gradually turning lower, suggesting buying demand has been too weak to outweigh selling pressure.
Momentum indicators paint a similar picture. The MACD recently crossed below the zero line, a sign that bearish momentum continues to dominate, and the Relative Strength Index (RSI) remains below the neutral 50 level, indicating that the recent price bounce has yet to be supported by stronger market momentum.
The four-hour chart reinforces this cautious outlook. While ZEC was trading around $474 at the time of writing after recovering over the past day, the move appears more consistent with a short-term relief rally than the start of a sustained uptrend.
OBV continues to trend lower, showing that sellers still hold the advantage despite the recent recovery. Meanwhile, the MACD crossover below the zero line, along with the RSI remaining just below the neutral 50 level, indicates that bullish momentum is still limited.
Final summary The success of the Ironwood upgrade has restored confidence in Zcash’s network, resulting in the token’s recent price increase. Unless buyers return with stronger momentum, ZEC may struggle to extend its rally and remain within its broader downtrend.
THORChain testuje v3.20, které má snížit nestabilitu po exploitu a odemknout soft launch Monera jako beta období. Monero je podle týmu téměř připravené, ale čeká na churn.
THORSday Community Podcast #221 ft. CBarraford, KentonC137 & Patriotsounds | July 30, 2026 | Watch the full episode on YouTube
By Raynalytics
TL;DRv3.20 is in testing, and Chad hopes it is done this week or early next. It targets the exploit's second-order mainnet instability and carries the fix that would let more affiliates onto the dynamic fee model.ADR31 passed on option 1, and ADR27 passed with it. Minimum slip is now zero bps, so the Rujira app layer can arb pools tighter than the 10 to 20 bps band arbitrageurs hold today, once Rujira's side is switched on.Monero's code is essentially ready and the churn is the blocker. Zcash probably takes the next churn, with Monero after. Chad's separate churn-removal work would not cover $XMR, which brings its own signing algorithm.The plan settled on air is to launch Monero as a soft launch, an openly labelled beta period with its length still open, on what Denny called the most complicated chain client THORChain has added.Protocol-owned liquidity should switch on with v3.20, Chad hopes, and would pick its own pools by comparing depth against revenue. Gas assets are enabled by default, while stablecoins and ERC20s each need a node vote.1. v3.20 Is in Testing, and It Takes the Post-Exploit Wobble With Itv3.20 is being tested now, and Chad hopes testing wraps this week or early next. From there, as he recalls the sequence: exchanges are notified, the release is cut, and community adoption follows roughly a week behind.
Much of the mainnet trouble since the exploit has not been the exploit itself but second-order damage from it, and v3.20 aims at that directly. Chad expects a good percentage of the instability to go away, not all of it.
The stable reserve is in the v3.20 code, but Chad wants more data analysis and simulations before he is confident in it, so he does not expect this release to activate it.
v3.20 also fixes the small bug currently gating additional affiliates on the dynamic fee model, and changes the protocol-owned liquidity Mimir from an economic setting to an operational one.
2. ADR31 and ADR27 Pass, and Minimum Slip Drops to ZeroDenny opened the show wearing a celebratory hat for what he called his Rujira boys: ADR31 passed on option 1, which last week's recap covered as continuing the Rujira relationship as it stands. Denny's read was that the nodes are overwhelmingly excited for the app layer.
ADR27, which passed alongside it, is the one with immediate mechanical consequences. Minimum slip is now zero bps. Arbitrageurs currently pull pools to within roughly 10 to 20 bps on either side of market, and with the floor gone, the app layer can push them as close to zero as is reasonably possible once Rujira's arbing code is switched on. Chad's understanding is that roughly half the income earned doing it would route back to the base protocol.
The dynamic fee model currently discounts swaps partly to absorb slippage. Take the slippage out and Chad thinks THORChain could raise its prices and theoretically hold the same volume.
CodeHans told him it would be done toward the end of the week.
"He's a dev like I'm a dev. So sometimes our timelines aren't exactly on point." (Chad)Chad expects a week or two after it flips on before the effect is readable. Rujira also posted its highest trade volume day on record the day of recording, though Denny did not have the figure to hand. Live ADR vote counts sit on Ray's governance tracker on raynalytics.net.
3. Chad Wants Chain Launches to Stop Waiting on a ChurnMonero is, in Chad's words, pretty much ready to go. THORChain has not been able to churn for a while because of the instability around the exploit, and both Zcash and Monero need a churn to launch.
So Chad started writing a code change to take the churn out of adding a chain, with one carve-out: he said a chain bringing a new signing algorithm would still need a churn, and $XMR is exactly that. The change removes the churn for ordinary chains that reuse an algorithm THORChain already has.
The churn is fragile: every node has to be online and communicating inside a reasonable window, and one node fumbling it forces a retry. THORChain churns every three days, while Chainflip does it roughly once every seven months.
It also gets more fragile as THORChain grows. Every added chain is another way for a churn to fail, since a broken Litecoin means no transactions and no churn. Every added signing algorithm is another key: Monero needs its own private key, making three instead of two, DKLS would be a fourth, and Schnorr a fifth.
"If we lean towards the more secure route, we'll also lean towards a less reliability route. Those two things kind of push against each other." (Chad)The insight underneath the change: you need one key per signing algorithm, not one per chain. From one public key you can derive an address on any chain sharing the same algorithm. Chad's illustration was the TON chain: if it uses an algorithm THORChain already holds a key for, and he guessed EdDSA without being sure, the network could derive a TON address today with none of the TON code written.
Chad rates the work as mid, not a lot of code but a lot of thinking, architecture and edge cases. The branch is most of the way through and needs a large amount of testing.
Zcash probably takes the next churn, unless stagenet testing turns up something significant. Monero follows.
4. Monero Gets a Soft LaunchKenton has been flip-flopping on when to push Monero: promote it at launch and ride the momentum, or wait two months for the pool to stabilize and risk losing that window.
Denny's answer was to announce it and be honest that there could be bugs. Chad supplied the phrase that settled it: soft launch. A beta period, caution advised, in a term everyone already understands.
Denny called this the most complicated chain client THORChain has added, and the team has been testing it for over a month.
"This is the jungle. No one's ever done this." (Denny)Monero locks UTXOs, and Chad was not sure whether the lock runs 20 blocks or about 20 minutes. Either way, no other chain THORChain supports does it. He thinks THORChain consolidates once it holds more than 8 or 13 UTXOs and would have to check the code to confirm what Monero does by default, but applying the same logic there would lock all those funds at once, and an outbound could arrive with nothing spendable behind it.
He said the existing logic might be good enough. If it is not, his fallback is lazy UTXO consolidation: cap how many UTXOs a single spend may use, then work through successive batches until there is enough.
Chad expects arbitrage not to be the worry, since it happens mostly internally rather than on the layer 1. Organic volume is. Worst case is a backlog of outbound transactions, which THORChain Swap could reflect in its outbound time estimate. He thinks that is more likely than not, and would still rather let the network's own data name the real problem than build for it now.
On wallets, Trezor support is now live on THORChain Swap and open for testing, prioritized partly because Kenton called it one of the more popular Monero wallets.
Denny's longer ambition is that THORChain becomes Monero's center of liquidity and sets the real price of $XMR. Chad put a floor of six months on that, probably more, and listed what it needs: chain stability, depth in the pools, and more wallets integrating. He would not call it crazy. Continued $XMR delistings from centralized exchanges only make the case easier.
5. Protocol-Owned Liquidity Returns, and It Picks Its Own PoolsPOL should kick in with v3.20, Chad hopes, since its Mimir moved from economic to operational. He believes that makes it votable but would have to check the code to verify. If it is, Kenton noted, nodes could vote it on and back off if they disagreed. The percentage then goes to a node vote: 5%, 20%, 80%, whatever the community sets.
POL compares a pool's depth against its revenue and favors low depth and high revenue over deep and quiet. It is self-correcting, because as a pool deepens, clearing that revenue-to-depth bar gets harder and the allocation moves on.
Chad does not think anyone can add liquidity to the Bitcoin pool, protocol or otherwise, so $BTC and some other assets would not be eligible.
"I want the liquidity to go to Solana, Zcash and Monero, to build those smaller pools. Bitcoin's got enough." (Chad)Gas assets are enabled by default. Non-gas assets are not, deliberately: Chad did not want protocol income automatically invested into every ERC20 on the network. Stablecoins and specific ERC20s would each need a node vote. He expects $USDC and $USDT to pass without argument, while a more divisive token would draw real debate. Kenton flagged TRON $USDT as one he wants moving.
Chad thinks the allocation runs daily but was not certain without rechecking the code. He expects Solana or Monero to take the early allocations, assuming Monero carries the highest volume in its opening days.
The treasury typically seeds a new pool with about $100k. Kenton asked whether Monero warrants more; Chad said probably not, especially with POL there to supplement, and it is the treasury's call. Kenton's firm ask was that POL be on before Monero goes live.
https://raynalytics.net/dashboards/dynamic-fees6. Dynamic Fees Add Another 0.7% at ShapeShiftShapeShift is still the only affiliate with dynamic fees switched on. Maybe one or two more follow once v3.20 lands, which Chad expects in a week or two.
Chad went back for a baseline. In May, 5.6% of ShapeShift's total swap volume routed to THORChain, with the vast majority of the rest going to Chainflip. June came in around the same 5 to 6%, though he called June a weak data source given how much of it THORChain spent offline after the exploit. The two months agree, which he called consistent.
Last week's July figure was significantly up, but Chad suspected an anomalous $RUNE trader sat inside it, so he pulled a fresh chart with one more week of data. On that longer read, THORChain's share is up another 0.7%, with NEAR Intents and Chainflip down 0.7%. He called it not very much, slightly up rather than significant.
The sample is small, deliberately: Chad puts ShapeShift at roughly $5 million a month in volume, and THORChain picked it rather than testing an experimental feature on SwapKit or another large affiliate first.
7. ADR29 Rev-Share, and Why SwapKit Would Get the ExperimentADR29 would let a partner take a percentage of THORChain's fees instead of charging its own affiliate fee on top. The vote is still in progress.
Kenton relayed Scorch's questions from the governance discussion as he remembered them: could this be net negative? Why give away fees, and what is the proof it worked?
Kenton answered in two parts. For new providers the math is trivial, because their current volume is zero, so anything they bring is additive. For existing partners he agreed with the objection: hand rev-share to the partners THORChain already has and revenue drops 10 to 20% instantly. He does not think they should.
SwapKit is the proposed exception, mechanically rather than sentimentally. Under the design, it would not keep the rev-share: it would put the money into discounting future trades, which is the dynamic fee model again, pushed out from the core of the protocol to the edge where the real-time information is better. Chad's condition for any existing partner is a number attached.
"If we give you 20%, we want to see 30% improvements or something like this." (Chad)Nobody knows the answer, SwapKit included, which is why he calls it an experiment: small, low risk to the protocol, and switched off if it does not work. He wants community approval before trying it. He also likes a side effect: a working rev-share would make SwapKit reliant on THORChain, because Chainflip and NEAR Intents do not currently offer the same thing.
8. Why an Engaged Community Beats a Bigger Market CapAn audience question asked why $TAO is being lined up ahead of $HYPE, $TON or $LINK, if bigger assets mean more volume.
Kenton accepted market cap and volume as a starting point. What matters more is whether the chain's community is engaged and wants to be on THORChain, because that community brings volume with it. Bittensor is engaged, and $TAO is not listed on any other DEX, which would make THORChain the first. Add a large cap whose users are indifferent, Hyperliquid being his example, and he expects little more than some traders and some arb volume.
Same for the smaller privacy coins: Dash, Firo and Zano all have communities that want in, and Kenton expects more activity from those engaged communities than from randomly added tokens.
Chad's read matched. Zcash was added because competitors were doing real volume in it, which is the market telling you the value is there. Monero was added because it is Monero. $TAO has real support behind it, if not quite as much.
"It's not an exact science. You just kind of lick your finger and put it up in the air to get a vibe check to decide what's next." (Chad)Chad added that the process is not political, and market cap is one attribute among several. Kenton expects $HYPE, $TON and $LINK eventually, and said he and StarSquid both want a lot more chains. The churn has been holding the queue up.
9. Chad's Plan to Put Huginn on Mainnet WatchTwo Huginn threads, both early.
The first is documentation. Chad has just started wiring it up: Huginn will read the docs against the codebase and open a code change when it finds a discrepancy, so the docs stop drifting behind fast-moving code.
The second he has wanted for a long time and kept deferring behind the dynamic fee model. A model cannot watch mainnet in real time, because it is too much data and would cost far too much, which Chad called completely impractical. So in his design, mathematical heuristics would do the watching and post to Discord when something looks anomalous, whether slow block times, strange prices or odd logs. Huginn would read that channel, open a thread on the event, run a deep analysis, and post its report where developers, node operators and community members all see the same data at the same time.
Chad named the failure mode: false positives. His example was Huginn hallucinating that the Bitcoin pool is empty, with a co-host adding the Dev Discord screenshot landing on Twitter while the pool sits perfectly fine. The thread is the mitigation, because technical node operators can look and say so publicly. He does not think false positives can ever be eliminated, since today's AI is non-deterministic in much the way humans are.
Huginn does already re-audit. Whenever a new model ships, Chad points it at the codebases again, and it re-reviews any file changed since its last pass and opens a GitLab issue when it finds something significant.
Separately, THORChain is working on being legible to AI agents. A community question about the Robinhood talks brought it up, and Kenton pointed to Robinhood's agent-facing interface: he said IBEC, who works on THORChain Swap with Unstoppable Wallet, could build something comparable. Chad has a developer assigned to AI work and handed over the MCP server code he wrote for Badlands, an unlaunched THORChain project, which already reads THORNode and Midgard data. He is asking for community ideas, on Discord rather than Twitter or Telegram, and floated an online AI developer conference with $RUNE for the top three entries.
What to Watchv3.20 shipping: testing wraps this week or early next, Chad hopes, then exchanges are notified, the release is cut, and community adoption follows about a week behind, he thinks. Maybe one or two more affiliates join the dynamic fee model once it lands, which would finally give it a larger sample.Zcash first, Monero second: Zcash probably takes the next churn, unless stagenet testing turns up something significant, then Monero as an openly labelled soft-launch beta.POL's percentage: if v3.20 turns POL on as hoped, a node vote sets the allocation percentage, with likely follow-up votes to enable stablecoins and specific ERC20s.ADR29 and TOR anchors: both votes are still in progress. If the community approves ADR29, watch the SwapKit trial against Chad's condition of returning more than it costs, with a switch-off if it misses. On TOR anchors, adding more stablecoins for valuing TOR, his default is yes.Huginn's mainnet watch: still a design rather than a deployment. Expect false positives when it does land, since Chad does not think they can be eliminated.Possible Bitcoin forks, and a Discord gap: Kenton flagged talk of one or two Bitcoin forks, his read being that they concern data and ordinals in blocks, which he put at about half right. As the code stands, forked coins in THORChain's Bitcoin pool would most likely be burned, and Chad would only spend engineering time rescuing them if the amount justifies it. Separately, the community Discord is closing with a few channels expected in the dev Discord, so THORChain Swap ticket support may pause for a week or two.Next up: Depouch joins on Saturday. Next Thursday is a Rujira focus with Pragmatic Monkey and CodeHans while Chad is on vacation.More THORChain data, check out raynalytics.net
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Band VRF je nyní spuštěn na mainnetu OPN Chain a přináší ověřitelnou náhodnost pro on-chain aplikace. IOPn jej už využívá pro loterie a giveaway mechaniky.
Band is thrilled to announce the live mainnet deployment of Band VRF (Verifiable Random Function) on OPN Chain, the sovereign blockchain at the heart of the IOPn ecosystem. This integration brings cryptographically secure, publicly verifiable randomness to OPN Chain, giving developers and users on IOPn a foundation for fair, tamper-proof on-chain experiences.
Why Band VRF on OPN Chain?IOPn is building the Internet of People: sovereign infrastructure where AI, blockchain, and digital identity converge to return ownership to users. At the center of that vision sits OPN Chain, a Cosmos SDK-based blockchain with full EVM compatibility that powers IOPn's ecosystem of products.
When you are building systems where trust is the product, even randomness has to be held to the same standard. Band VRF brings cryptographically secure, on-chain verifiable randomness to OPN Chain, solving a critical need for any application where the fairness of an outcome cannot simply be assumed. It has to be proven.
What Does Band VRF Do?Band VRF provides secure, tamper-proof, and unpredictable randomness, which is essential for on-chain applications like lotteries, giveaways, NFT drops, and games. In all of these cases, the random outcome must be free from manipulation.
Band VRF achieves this by generating fresh randomness that is verifiable and completely independent of any application's internal state. Every result comes with a cryptographic proof that anyone can check on-chain. It is impossible to cheat, predict, or manipulate the outcome.
Band VRF on OPN Chain is:
Plug-and-Play: Minimal setup via Band VRF provider contracts, accessible through standard Solidity interfacesFully Verifiable: Every random output is backed by cryptographic proofs and Merkle inclusion, publicly auditable on-chainScalable: Built for high-volume requests across lotteries, giveaways, NFT mechanics, and moreVerifiable Fairness for IOPn's On-Chain LotteryIOPn is now using Band VRF to power its on-chain lottery and giveaway mechanics. Every draw is executed on-chain, and every outcome comes with a verifiable proof. Participants do not have to trust that the selection was fair. They can verify it themselves.
This is what trustless randomness looks like in practice: no black boxes, no off-chain draws, no admin-controlled seeds. Just a cryptographic proof, on-chain, for anyone to check.
Get StartedDevelopers building on OPN Chain can integrate Band VRF today using the manual coupled with the addresses below.
git clone https://github.com/bandprotocol/vrf-worker-v1.git cd vrf-worker-v1 cp config.yaml.example config.yaml Bridge: 0xdca381D661D22274b58A47fdA3A02Ad84431526bVRFProvider: 0x3d29B6f57Cf8ee7fbED5b24201C91915c7468504VRFLensV2: 0xdc994dCCaA393D63764774e4Ef6e0819E2E00fEFBand VRF Docs: https://docs.bandchain.org/verifiable-random-function/introductionOPN Chain Developer Docs: https://iopn.gitbook.io/iopn/developer-docsJoin Band Discord: https://discord.com/invite/3t4bsY7Contact: [email protected] AheadAs the IOPn ecosystem grows, Band remains committed to expanding its data infrastructure across OPN Chain. Band VRF is live today, and the integration of Band Price Feeds is being explored, which would bring real-time, reliable price data to DeFi applications, RWA protocols, and AI-powered products being built on IOPn.
For the new wave of developers arriving on OPN Chain, Band provides the full data layer: verifiable randomness, real-world price feeds, and battle-tested infrastructure that scales with your application. With further convergence in AI ahead, the foundation being built here extends well beyond randomness.
Build on OPN Chain with Band. Every outcome provably fair, every data point trustless.
About IOPn
IOPn stewards the Internet of People, a sovereign ecosystem built around digital identity, AI infrastructure (Siada), and on-chain ownership. At its core is OPN Chain, a Cosmos SDK-based Layer 1 with full EVM compatibility, designed for identity, AI workloads, and real-world assets.
Learn more: https://iopn.io
About Band
Band is the data layer that trains AI engines and powers blockchain applications. By empowering DeFi, GameFi, and AI agents, it enables developers, institutions, and users to access real-time data with zero counterparty risk.
With Band's open, battle-tested data infrastructure built for blockchains and LLMs, it ensures that real-time information is always accessible, fueling everything from financial protocols to autonomous AI systems.
Uniswap spustil program Earn s Morpho, který umožňuje vkládat USDC, USDT a ETH do vaultů Gauntlet a získávat výnos při zachování self-custody. UNI v den spuštění lehce vzrostl o zhruba 1 % na 4,32 USD.
Uniswap launched Earn on July 31, a lending product built on Morpho’s infrastructure that lets users deposit USDC, USDT, and ETH into Gauntlet-curated vaults and collect yield, all while keeping self-custody of their funds.
How Earn actually works The product routes user deposits into lending vaults curated by Gauntlet, the risk management firm that has built a reputation for institutional-grade optimization across DeFi. Gauntlet’s vaults have accumulated nearly $1B in assets under management in roughly a year and a half.
Morpho serves as the lending protocol backbone. Coinbase launched its USDC Earn product in September 2025 using Morpho-powered vaults (those were curated by Steakhouse), and Robinhood followed with its own Earn product in July 2026.
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Users deposit supported assets, the vault handles allocation, and they earn lending yield without lockup periods. For context on returns: Coinbase’s USDC yield product hit as high as roughly 10.8% at one point.
Why Uniswap is doing this now This launch is part of a broader strategic arc that started with the introduction of Unichain in February 2025. Governance proposals have actively pushed Uniswap toward integrating lending and borrowing functionality, with Morpho receiving specific governance support for this kind of integration.
Morpho has established itself as the second-largest lending protocol by total value locked, with billions in deposits flowing through its markets.
What this means for investors UNI traded at approximately $4.32 on launch day, ticking up about 1% with a market capitalization of $2.7B.
The risk side deserves attention. Gauntlet has a strong track record, but users depositing into Earn are taking on smart contract risk across multiple protocol layers: Uniswap’s interface, Morpho’s lending contracts, and whatever strategies Gauntlet deploys within the vaults.
Morpho powering yield products for Coinbase, Robinhood, and now Uniswap creates a dynamic where these platforms are effectively competing for the same pool of lending demand while sharing infrastructure. If borrowing demand doesn’t scale proportionally with the flood of new deposits, yields could compress across all three platforms. Investors should watch utilization rates closely as a leading indicator of whether Earn can sustain compelling returns.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEAR Protocol spustil nový AI staking, který mění stakované NEAR na compute credits pro placení AI služeb. Uživatelé tak tokeny neutrácejí a po unstaku je dostanou zpět v plné výši. Systém navíc poskytuje přístup ke 43 modelům na NEAR AI od různých poskytovatelů, včetně OpenAI, Anthropic a Googlu.
NEAR Protocol has rolled out a new staking mechanism for its AI platform, letting users stake NEAR tokens to access AI compute services rather than spending tokens outright. The feature marks a notable step in the protocol's push to position itself as core infrastructure for onchain AI activity.
How the Staking Mechanism Works Under the new system, staked NEAR tokens are converted into compute credits that can be used to pay for AI services. Crucially, users do not lose their tokens in the process. Once they are done, they can unstake and receive their NEAR back in full. All payments are settled onchain, keeping the process transparent and verifiable.
The feature provides users with compute credits to access 43 models on NEAR AI across several providers including OpenAI, Anthropic, and Google. The breadth of model coverage signals that NEAR is targeting a wide range of AI use cases rather than locking users into a narrow set of tools.
Part of a Broader AI Infrastructure Push The AI staking launch fits into a wider strategic shift at NEAR. NEAR rolled out a suite of AI-focused products in 2026, including automatic PII anonymization for AI prompts, meaning that when an AI agent processes a user's request, personally identifiable information gets scrubbed before it ever touches inference infrastructure.
The protocol has also been expanding its privacy tooling. NEAR AI launched IronClaw, an open-source and verifiable AI agent runtime built in Rust and deployed inside an encrypted Trusted Execution Environment on NEAR AI Cloud, designed to enable autonomous agents with built-in privacy safeguards and controlled access to user assets and data.
NEAR's co-founder Illia Polosukhin has characterized the protocol as fundamental infrastructure for handling AI-driven commerce and execution. The new AI staking feature reinforces that thesis by creating a direct, token-based economic link between NEAR holders and AI compute demand. Tying AI access to a staking model rather than a direct spend model could encourage longer-term token lock-up while still giving users full utility from their holdings.
The move comes as competition in the onchain AI space intensifies, with protocols racing to offer credible, privacy-preserving alternatives to centralised AI providers.
Sources:
Crypto Briefing: NEAR Protocol targets AI-driven commerce with new products and tokenomics improvements
CoinDesk: Near Protocol to automate its own growth
Rarible po hlasování komunity rozšiřuje plnou infrastrukturu na Solanu; vývoj, integrace a bezpečnostní audity už běží. Plné spuštění má přijít do čtyř týdnů.
Community Vote Triggers Solana Expansion@Rarible, the multichain onchain commerce platform, is moving to deploy its full architecture on the @Solana blockchain after a decisive community mandate. The platform confirmed the decision publicly, stating: "We're kicking off the work to bring Rarible to Solana. Development, integrations, and security audits start now."
According to the announcement, technical integration and comprehensive security audits are currently underway, with a full rollout targeted within four weeks. The move marks a significant step for Rarible, which has steadily expanded its chain support over recent years and positions Solana as a priority destination for its next phase of growth.
A Multichain Platform Adding a High-Volume ChainRarible describes itself as the onchain commerce platform powering the future of digital asset trading, offering fast, multichain infrastructure that has been battle-tested over five years. The platform allows users to create, buy, and sell NFTs, while letting the community govern it through the $RARI token.
In 2026, Rarible operates as both a multichain marketplace and an aggregator layer, making chain choice a normal part of the NFT shopping experience rather than a separate workflow. Supported mainnet chains already include Ethereum, Base, HyperEVM, LightLink, Somnia, RARI Chain, Camp Network, and Arena-Z. Solana would be a notable addition given its scale in digital asset activity.
Rarible began supporting Solana NFTs in 2022, enabling users to buy and sell Solana tokens on its marketplace, but the forthcoming deployment marks a shift from passive chain support toward an active product built on Solana's consumer application layer. Most recently, Rarible launched Gacha Station on Solana, powered by Collector Crypt.
The four-week timeline is contingent on the outcome of ongoing security reviews. No further financial terms or partnership details have been disclosed at this stage.
Sources:
Rarible: Meet the New Rarible, Lightspeed Trading and Cross-Chain Rewards
Solana Compass: Rarible Gacha Station Launches on Solana via Collector Crypt
Inside Bitcoins: Rarible Launches On-Chain Storefronts
Granite Protocol byl zalistován na Borrow on Bitcoin. Na Stacks mohou uživatelé vložit sBTC jako zástavu a půjčit si USDCx s proměnlivou úrokovou sazbou 1,66 % APR.
Granite Protocol has been listed on Borrow on Bitcoin, adding another lending route for users who want to put Bitcoin-linked collateral to work without leaving the broader Bitcoin DeFi stack.
The listing centers on Granite’s Stacks-based lending market, where users can deposit sBTC collateral and borrow USDCx. The validated notes point to a variable borrow rate of 1.66% APR, along with features including isolated pools, soft liquidations, and no rehypothecation of user collateral.
The product is not available in the US, and that limitation matters.
Still, the listing is another sign that Bitcoin DeFi is becoming more specific. Instead of broad claims that Bitcoin can support DeFi one day, the market is now seeing comparison pages, lending markets, collateral routes, and user-facing products built around BTC-linked assets.
That does not mean Bitcoin DeFi has gone mainstream. It means the infrastructure is becoming easier to evaluate.
For more details, visit the official Granite platform.
TL;DR Granite Protocol has been listed on Borrow on Bitcoin. Users can deposit sBTC collateral on Stacks to borrow USDCx. The integration is a useful Bitcoin DeFi signal, but it should not be overstated as broad adoption. Bitcoin DeFi Needs Practical Products Bitcoin DeFi has always had a slightly awkward pitch.
Bitcoin is the largest crypto asset and the strongest store-of-value brand in the market, but most DeFi activity historically happened elsewhere. Ethereum, Solana, BNB Chain, and newer Layer 2 ecosystems built the lending markets, DEXs, stablecoin systems, yield protocols, and composable financial apps.
Bitcoin had the capital. Other chains had the app layer.
Stacks has been one of the ecosystems trying to close that gap by giving Bitcoin holders more ways to interact with DeFi-style products while keeping the narrative tied to BTC.
Granite’s Borrow on Bitcoin listing fits that direction.
It gives users another way to compare borrowing options, collateral terms, and risk models in a Bitcoin-linked environment.
The 1.66% APR Detail Gets Attention A 1.66% variable borrow rate is the kind of number that immediately attracts attention, especially if traders compare it with higher borrowing costs in other markets.
But the rate should be treated carefully.
Borrow rates can change. They depend on utilization, available liquidity, risk parameters, market demand, and protocol design. A low advertised rate is useful, but it is not a guarantee that conditions will remain the same.
The more important point is that Bitcoin DeFi products are starting to compete on familiar lending-market terms.
Users can ask practical questions: What collateral do I deposit? What stablecoin can I borrow? What happens in liquidation? Is the pool isolated? Is collateral rehypothecated? What jurisdictions are supported? Where is the liquidity coming from?
Those are normal DeFi questions, and that is progress.
Bitcoin DeFi becomes real when users can compare products by actual risk and cost, not just by slogans.
Why Soft Liquidations Matter The soft liquidation feature is important because liquidation design shapes user experience.
In traditional DeFi lending, a sharp move against collateral can trigger liquidation. If the system is aggressive, users may lose more than expected or have little time to react. Softer liquidation mechanics are designed to reduce the shock, though the exact effect depends on protocol design.
For Bitcoin-backed borrowing, liquidation risk is one of the main barriers.
Bitcoin holders often do not want to sell BTC, but they may want liquidity. Borrowing against BTC-linked collateral offers that route, but a sudden BTC drawdown can put the position at risk.
A product that emphasizes soft liquidations is trying to make that borrowing experience less brutal.
That does not eliminate risk. It just changes how the protocol handles stress.
No Rehypothecation Is A Custody Signal Granite’s no-rehypothecation claim is also worth noting.
Rehypothecation became a dirty word after the last cycle’s lending failures, where users learned that “earn” and “borrow” products often involved hidden layers of counterparty risk. If collateral is reused, lent onward, or tied into opaque strategies, users may be exposed to risks they did not understand.
A protocol that does not rehypothecate collateral is making a clearer custody and risk claim.
That does not make the system risk-free. Smart contract risk, oracle risk, liquidity risk, liquidation risk, bridge risk, and governance risk can still exist. But it does address one of the biggest trust problems from centralized lending.
Bitcoin users are usually especially sensitive to custody assumptions, so that design detail matters.
A Small But Useful Bitcoin DeFi Step The right way to read this listing is measured.
Granite landing on Borrow on Bitcoin does not prove that Bitcoin DeFi has reached escape velocity. It does not mean BTC holders are suddenly moving in size to Stacks lending markets. It does not make Bitcoin an Ethereum-style DeFi ecosystem overnight.
But it does show continued product formation.
Comparison indexes, collateralized lending markets, stablecoin borrowing routes, and clearer risk terms are the kind of boring infrastructure that needs to exist before larger adoption becomes possible.
Bitcoin DeFi will not grow through one headline. It will grow if users find products that are cheaper, safer, clearer, and more useful than the alternatives.
Granite’s listing is one more test of whether that market is starting to form.
This article is based on Granite Protocol and Borrow on Bitcoin product materials.
This article was written by the News Desk and edited by Samuel Rae.
Upbit 31. července zavede obchodování CFX vůči KRW, BTC a USDT najednou. Pro Conflux to znamená výrazné posílení likvidity a přímý výstup do KRW pro korejské držitele.
South Korea’s largest crypto exchange is about to introduce a lot of Korean retail traders to Conflux Network. Upbit will launch CFX trading pairs against the Korean Won, Bitcoin, and Tether simultaneously on July 31, with trading set to begin around 14:00 KST.
Three pairs at once is not the standard playbook. Most exchange listings start with a single base pair and expand later. Upbit going straight to KRW, BTC, and USDT coverage signals meaningful conviction in CFX’s liquidity potential, at least from the exchange’s perspective.
What Conflux actually is Conflux Network has a positioning that is genuinely unusual in the Layer 1 space. Founded in 2018 by academics with ties to Canadian institutions, the project describes itself as China’s only regulatory-compliant public blockchain.
That regulatory status gives Conflux a specific strategic lane. Where most global Layer 1 networks operate in a grey area with respect to Chinese regulators, Conflux sits in a sanctioned position, making it one of the few credible on-ramps for blockchain activity that wants exposure to the Chinese market without the associated legal risk.
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CFX, the network’s native token, handles transaction fees, staking, governance, and miner incentives. The token reached an all-time high of $1.70 in March 2021, and its market cap at the time of the Upbit listing announcement sat in the $212 to $213 million range.
Recent upgrades and institutional moves Conflux has not been sitting still ahead of this listing. The network integrated support for the Infini stablecoin on July 6, 2026, and brought on Fireblocks for institutional custody starting in June 2026.
Fireblocks is one of the most widely used institutional digital asset infrastructure providers, and its involvement signals that Conflux is actively courting the type of capital that requires enterprise-grade custody before it will touch a token.
The bigger technical event is still coming. The Conflux 3.0 upgrade, anticipated in August 2026, targets transaction throughput of 15,000 transactions per second.
The timing is notable. A major exchange listing at the end of July, followed by a significant protocol upgrade in August, creates a sequence that the market will be watching closely.
Why the Upbit listing matters for CFX Upbit, operated by Dunamu, is South Korea’s dominant exchange by trading volume. Korean retail participation in crypto markets is historically intense, and KRW-denominated trading pairs on Upbit tend to generate significant volume spikes around listing events.
What the listing does unambiguously provide is liquidity infrastructure. CFX holders in Korea now have a direct KRW exit ramp, which lowers friction for both buying and selling.
The three-pair structure also matters for arbitrage dynamics. CFX/KRW, CFX/BTC, and CFX/USDT trading simultaneously on Upbit creates multiple pricing references that traders will actively align across markets. That cross-pair activity typically contributes to price discovery and can reduce the spread between Upbit’s CFX price and CFX prices on other global venues.
Conflux’s regulatory positioning in China also remains a double-edged factor. It is a genuine differentiator, but Chinese regulatory environments have a track record of changing faster than most blockchain roadmaps can adapt to. Investors pricing in the China angle should treat that compliance status as an asset that requires ongoing maintenance rather than a permanent moat.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Alchemy Pay získala ve státě Michigan licenci Money Transmitter License (MTL) a rozšířila své regulované působení v USA na 19 států. Povolení posiluje její služby směny fiat měn na kryptoměny a kryptoměn na fiat měny.
Alchemy Pay, a renowned cryptocurrency-fiat payment gateway, is pleased to announce that it has successfully acquired a Money Transmitter License (MTL) in Michigan. The core objective of obtaining this license is to expand its regulated U.S. footprint to 19 states. This approval is going to open many new opportunities in terms of cryptocurrency conversion.
🔒#AlchemyPay has secured a Money Transmitter License (MTL) in Michigan, extending its regulated U.S. footprint to 19 states.
The latest approval marks our ongoing effort to establish compliant payment infrastructure across major U.S. economic regions and strengthen our ability… pic.twitter.com/Gm5lSQIM48
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 30, 2026 This license conveys a strong signal to various U.S. states that Alchemy Pay has the capacity to deliver its dedicated services to a large community for cryptocurrency conversion into fiat payments. On the other hand, this approval also justifies the acceptance of Alchemy Pay in different regions of the world, especially in the U.S. Alchemy Pay has shared this news through its official social media X account.
Alchemy Pay Strengthens U.S. Operations with Michigan Money Transmitter License The Michigan Money Transmitter License is basically a legal approval for smooth and registered businesses. It shows that this company, organization, or platform can deal with certain aspects carefully, in compliance with the fulfillment of legal requirements. It includes receiving, transmitting, or issuing payment infrastructure within the state. Alchemy Pay has updated technology to deal with matters with full attention.
Michigan is strategically much more important to establish the regulatory network of Alchemy Pay across the United States. Michigan is providing a base for authentication of Alchemy Pay services with the involvement of the technological ecosystem and within a highly connected payment infrastructure. Alchemy Pay has also been providing users with advanced-based services for a long time in history.
Reinforcing Blockchain Payment Services with U.S. Regulatory Milestone Alchemy Pay’s status of being connected with Michigan records is playing an important role in catching the attention of users across different areas of the world for its better performance. Alchemy Pay is much more focused on playing its role in the development and support of traditional finance and blockchain-based financial services.
The Michigan license further ensures Alchemy Pay’s ability to facilitate compliant fiat-to-crypto and crypto-to-fiat transactions. With the Michigan license approval, Alchemy Pay is moving one step forward to the development of next-generation blockchain infrastructure focused on stablecoin-based payments and settlement. Basically, Alchemy Pay is purposefully built to generate a strong connection between traditional and crypto payments across the whole world.
Alchemy also has secured Digital Currency Exchange Provider (DCEP) registration in Australia, Electronic Financial Business registration in South Korea, and admission to Switzerland’s Association for Quality Assurance of Financial Services (VQF) as a recognized Self-Regulatory Organization (SRO).
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
IRS varuje držitele krypta před falešnými dopisy, které se vydávají za úřední výzvy a lákají na neexistující „Digital Asset Compliance Portal“. Úřad říká, že v oficiální korespondenci nepoužívá QR kódy.
Scammers Impersonate the IRS With Physical MailThe IRS's Criminal Investigation unit issued a fraud alert warning about scammers targeting cryptocurrency holders with convincing fake IRS letters. The alert, first reported by Bloomberg, marks a notable shift in tactics. While phishing and other digital scams are nothing new in the crypto industry, the use of physical mail appears to be a new tactic.
Fraudsters are sending counterfeit letters designed to look like official IRS correspondence, complete with references to real tax years and urgent-sounding deadlines, all directing recipients to a "Digital Asset Compliance Portal" that does not exist. The letters reference tax years spanning 2017 through 2026, giving them the appearance of a legitimate compliance notice covering a taxpayer's full digital asset history.
If victims scan the QR code included in the letter, they land on a page engineered to look exactly like a real government website, complete with an "official website of the United States government" banner and IRS-style branding. The site then asks users to select where they keep their crypto, from hardware wallets like Ledger and Trezor to exchanges like Coinbase, Kraken, and Binance. This allows scammers to learn which platform to impersonate when targeting the victim's account.
What the IRS Says and How to Stay SafeThe IRS confirmed that it does not operate a Digital Asset Compliance Portal, and said the emerging scam is designed to trick victims into disclosing sensitive financial and cryptocurrency account information. The agency's criminal investigation unit warned that scammers are using official-looking letters to bypass digital defenses.
"Criminals continue to exploit public trust in government agencies by creating convincing fake websites and official-looking correspondence," said IRS-CI chief Jarod Koopman. "Before responding to unexpected requests for personal information, stop, verify the source, and report potential fraud schemes to law enforcement."
The IRS has been clear about a few ground rules that should help distinguish real communications from fakes. The agency does not send QR codes in its official correspondence. If you receive a letter with one, that is your signal to stop and verify before doing anything else. Any legitimate IRS notice can be confirmed through the agency's official website, IRS.gov, or by calling the number listed on that site, not the number printed on a suspicious letter.
The IRS has previously sent letters to taxpayers regarding digital assets, and last year a surge in notices related to crypto reporting created confusion for thousands of taxpayers. Increasingly, the IRS has become accustomed to dealing with digital asset holders as it requires taxpayers to disclose crypto activity on their tax returns. Scammers appear to be exploiting that familiarity to make their fake correspondence more believable.
Sources:
Accounting Today: IRS warns crypto holders of fake letters
The Block: IRS warns crypto holders of fraudster sending fake letters
Coinbase Blog: A Fake IRS Digital Asset Compliance Portal Letter Is Targeting Crypto Holders
Ondo Finance zpřístupnila tokenizované akcie a ETF jako kolaterál pro Ondo Perps, takže je obchodníci mohou využít k páce bez prodeje držby. Firma uvádí, že kapitálové požadavky pro market makery mohou klesnout zhruba na polovinu.
Ondo Finance has opened access to tokenized stocks and exchange-traded fund (ETF) collateral for all users of Ondo Perps, except those in restricted jurisdictions. This upgrade allows traders to use their tokenized assets, such as SPYon and QQAon, as leverage for trading perpetual contracts linked to equities, indices, and commodities, rather than selling their current holdings.
Direct on-chain hedging and improved structureThe integration enables users to manage their positions and perpetual contracts within a single wallet, eliminating the need to use multiple brokerages for hedging. This advancement streamlines the process for both retail and institutional participants, including liquidity venues and market making firms, all of which interact through Ondo Finance’s platform, a blockchain-based protocol specializing in tokenized real-world assets.
Previously, trading equity perpetuals involved a structural inefficiency for market makers. To hedge a short position, such as on NVDA perpetuals, participants had to deposit stablecoins as margin on the platform while maintaining equivalent cash or stock positions at a traditional brokerage. This dual requirement effectively resulted in market makers funding the same exposure twice.
By allowing tokenized stocks and ETFs to be used as trading collateral, Ondo Finance seeks to consolidate risk management and collateral requirements into a single pool, optimizing capital deployment across its platform.
Mini dictionary: Ondo Finance is a blockchain platform focused on tokenizing real-world assets, including stocks, ETFs, and bonds, enabling both retail and institutional investors to gain blockchain-based exposure to traditional markets.
Previous Hedging ModelOndo Perps ModelMargin with stablecoins on crypto platform and cash/shares at external brokerage (dual funding)Tokenized stocks and ETFs held as collateral and for hedging within one platform (single pool)Higher capital locked, less efficientLower capital requirements, more efficientIndustry shift to real-world asset tokenizationInstitutional and retail demand for accessing traditional derivatives through blockchain-based platforms has led to a rise in the adoption of tokenized real-world assets (RWAs). By turning stocks and ETFs into tokens, Ondo Finance aims to increase capital efficiency and create new trading incentives for both professionals and individual investors.
Ondo Finance reported that, with the adoption of tokenized stocks as collateral, capital requirements for market makers could be reduced by approximately half. This change supports tighter spread pricing and higher returns for liquidity providers, potentially strengthening overall market efficiency on the platform.
Using tokenized equities as collateral, Ondo Finance aims to bring perpetuals markets closer to traditional derivatives venues and foster broader participation in equity-based trading.
Growth and liquidity impactThe platform’s tokenized stocks surpassed $1 billion in total value locked (TVL) within eight months of their launch. Ondo Finance stated that maintaining low trading costs may create a new liquidity dynamic that could make equity perpetuals more accessible and efficient, thus bridging the gap between decentralized and traditional markets.
As tokenization of traditional assets gains traction in institutional circles, the upgraded model may serve as a blueprint for future developments in blockchain-based derivatives trading.
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.
Block varuje uživatele Coldcard, aby okamžitě přesunuli Bitcoin z některých hardwarových peněženek po odhalení dvou kritických chyb. Podle firmy mohlo být zasaženo až 1 082,59 BTC.
Block has urged Bitcoin holders using Coldcard hardware wallets to immediately transfer their funds following the public disclosure of two major vulnerabilities impacting several Coldcard models. The call to action came after security teams at Block, a US-based technology and financial services company led by Jack Dorsey, received reports of Bitcoin thefts from wallets not affiliated with its own Bitkey product.
Critical vulnerabilities in Coldcard devicesBlock’s investigation identified severe security flaws in Coldcard Mk2, Mk3, Mk4, Q, and Mk5 models, hardware wallets produced by Coinkite. While Bitkey and other Block products remain unaffected, the vulnerabilities expose users of affected devices to significant risk, particularly those leveraging single-signature wallets.
Engineers explained that an initial attack wave exploited these flaws over a period of approximately one hour. Despite this brief window, researchers cautioned that the campaign may still be ongoing, with additional affected users potentially emerging.
The flaws reportedly impact both wallets protected with weak 25th-word passphrases and select multisignature configurations.
Block noted that single-signature wallets were the primary initial targets, but devices using weak passphrases or certain multisig arrangements could also be vulnerable to exploitation.
Technical details of wallet vulnerabilitiesThe first vulnerability is present in the Mk2 and Mk3 firmware. A coding mistake led to wallet creation processes that depended on predictable rather than sufficiently random hardware-generated values, undermining the security assumptions for generating private keys on these models.
Later models—Mk4, Q, and Mk5—were designed to strengthen entropy input during the device boot sequence using secure-element sources. However, the implementation reduced additional randomness to just 32 bits, leaving those wallets vulnerable as well.
Security experts warned that importing a seed created with affected firmware into another wallet does not eliminate the core risk, since the compromised seed remains inherently unsafe.
Mini dictionary: Entropy, in cryptography, refers to the measure of randomness collected by a system, which is critical for generating secure cryptographic keys. Insufficient entropy can make keys predictable and easier for attackers to compromise.
Response from Block and CoinkiteBlock stated that it shared the findings privately with Coinkite prior to the public announcement, aiming to give the manufacturer time to assess and manage the impact on Coldcard users.
Max Guise, a security engineer at Block, recommended rapid action from affected users. Writing on X, Guise urged anyone with potentially exposed wallets to move their funds as soon as it was safe to do so.
Max Guise emphasized the urgency, advising users to migrate their Bitcoin off vulnerable devices at the earliest safe opportunity.
Clay Garrett, another security engineer, highlighted that further investigation revealed 695 previous transactions displaying the same on-chain signature as the initial exploit, representing an additional loss of 488.11 BTC.
Block’s preliminary review suggests up to 1,082.59 BTC may have been stolen in total using these vulnerabilities.
Affected Device ModelsFlaw TypeEstimated Impact (BTC)Coldcard Mk2, Mk3Predictable wallet generationInitial exploitColdcard Mk4, Q, Mk5Weak entropy on boot (32 bits)Additional 488.11 BTCAll affected devicesCombined campaigns1,082.59 BTCDisclaimer: 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.
Klienti BlackRock nakoupili bitcoin za 183,41 milionu USD prostřednictvím iShares Bitcoin Trust (IBIT). Tím pokračuje série velkých přílivů do spotových bitcoinových ETF.
BlackRock clients just scooped up $183.41 million worth of Bitcoin, adding another data point to what’s become the most predictable pattern in crypto this year: institutional money flowing into BTC through regulated vehicles like it’s a subscription service.
The purchase, made through BlackRock’s iShares Bitcoin Trust (IBIT), is the latest in a string of nine-figure inflow days that have defined the firm’s Bitcoin strategy in 2026.
A pattern that’s hard to ignore On July 6, BlackRock clients invested $209 million into IBIT, which contributed to roughly $266 million in total US spot Bitcoin ETF inflows that day. BlackRock alone accounted for nearly 80% of all the institutional Bitcoin buying happening through ETFs on that single trading session.
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On July 15, clients purchased $139 million worth of Bitcoin via IBIT, and an additional $80.82 million inflow was recorded, representing 75% of that day’s total ETF flows.
Then around July 22, another $163 million purchase hit the books. Add in the latest $183M buy, and you’re looking at well over $700 million in IBIT inflows across just a handful of days in July alone.
On January 5, 2026, BlackRock clients acquired 3,948 BTC for $372 million. That single-day purchase earlier this year remains one of the largest on record for any spot Bitcoin ETF.
BlackRock’s Bitcoin empire by the numbers By mid-July, BlackRock had surpassed 734,000 BTC under its custodianship.
IBIT maintains an estimated 50-60% market share of all spot Bitcoin ETF assets in 2026. Every other spot Bitcoin ETF, from Fidelity’s FBTC to ARK’s ARKB, is competing for the remainder.
What this means for the market The risk worth noting is concentration. When one entity controls more than half of all ETF-based Bitcoin exposure, any change in BlackRock’s strategy, fee structure, or regulatory status could send shockwaves through the market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bhutan’s Gelephu Mindfulness City appointed Canadian digital-asset manager 3iQ on July 30 to manage a dedicated mandate backed by an undisclosed portion of its Bitcoin treasury.
Summary
3iQ will manage an undisclosed portion of Gelephu Mindfulness City’s Bitcoin treasury under the mandate. 10,000 BTC were pledged in December 2025 to support Gelephu’s long-term development and economic plans. 3iQ plans a long-term local presence, talent investment and knowledge transfer alongside treasury management operations. The agreement advances a national pledge to allocate up to 10,000 BTC to the special administrative region’s long-term development.
The parties said 3iQ will also establish a long-term presence in Gelephu, invest in Bhutanese talent and transfer investment-management knowledge. They did not disclose how much Bitcoin entered the mandate or when active management would begin.
3iQ mandate leaves key commercial terms undisclosed The company release provides no mandate value, management fee, custody provider or investment benchmark. It also does not say whether 3iQ may lend Bitcoin, use derivatives, post collateral or pursue yield strategies. Those omissions prevent an independent assessment of the mandate’s risk limits or expected returns.
3iQ chief executive Pascal St-Jean said the firm would put Bhutan’s capital to work “responsibly, transparently and for the long term.” That statement describes the company’s intended approach, not a verified performance outcome. GMC board director Jigdrel Singay called 3iQ a founding institutional partner for the city’s planned fund ecosystem.
The agreement connects GMC with Coincheck Group, whose shares trade on Nasdaq. Coincheck disclosed that it completed the acquisition of a 99.8% beneficial interest in 3iQ on February 28. St-Jean became Coincheck Group’s chief executive on April 1 while retaining his role at 3iQ.
Bhutan’s Bitcoin pledge enters its deployment phase Bhutan announced in December 2025 that up to 10,000 BTC from national holdings would support Gelephu’s development. GMC says the reserve was built by converting surplus hydroelectric power into Bitcoin and is intended to create jobs, develop technical skills and strengthen long-term financial resilience.
The official pledge says the Bitcoin is being put to work for national development rather than held for short-term speculation. The 3iQ appointment is the clearest disclosed step so far toward outside professional management, although the amount assigned to the firm remains unknown.
However, Bhutan has also explored collateralization, treasury management and risk-managed yield as possible tools for the broader pledge. GMC rejected claims that earlier transfers from Bhutan-linked wallets represented sales from Bitcoin committed to the city’s strategic reserves.
Gelephu’s rules require clarity on 3iQ’s local role Gelephu’s Financial Services Office regulates traditional finance and virtual-asset activity inside the special administrative region. Its rules require firms carrying out regulated services, including asset management, to obtain a financial services licence before beginning local operations.
The regulator’s public directory did not list an entity named 3iQ on July 31. That absence does not prove that the mandate requires a separate GMC licence or that no application is pending. The partnership announcement did not identify a licensed local entity or explain the regulatory structure under which 3iQ will operate.
The directory currently includes seven approved firms, with 8020 Finance authorized to manage assets from July 23. GMC has also introduced an accelerated pathway for firms already supervised in recognized foreign financial centers, but local regulators retain responsibility for final approval.
Further milestones will define the treasury strategy 3iQ and GMC said this agreement is the first of several milestones they plan to announce over the coming months. Expected steps include building a local team, establishing operations and developing an institutional fund ecosystem, but the parties provided no formal timetable.
Future disclosures will need to show the Bitcoin amount under management, custody controls, permitted trading strategies and reporting standards. Any use of leverage, lending or collateral would also require clear risk limits because losses or counterparty failures could affect assets committed to national development.
Until those details are released, the agreement confirms a manager and a strategic direction rather than a fully disclosed investment program. Its progress will be measured by regulatory approvals, operational launches and transparent reporting on how Bhutan’s Bitcoin supports Gelephu’s development.
