Crypto

Transactions on the Ethereum network have hit yearly highs as the SEC deliberates on how to classify liquid staking protocols. Transactions on the Ethereum network have reached a one-year high as the US Securities and Exchange Commission issues new guidance on staking. This comes amid historical highs in Ether staked on the network; according to Dune Analytics, over 36 million Ether (ETH) is now staked on Ethereum, representing nearly 30% of the total token supply.  A large number of tokens locked into smart contracts indicates that Ether holders are hunkering down, preferring to render their ETH unsellable for the time being in exchange for staking rewards. Read more

Bitcoin spot demand crashes to -$220M as ETF inflows decline 25% with Glassnode data showing RSI falling to oversold 35.8 levels sparking bull run death concerns. The post Bitcoin Spot Demand Crashes to $220M as ETF Inflows Decline 25% – Is the Bull Run Dead? appeared first on Cryptonews.

Tokenized stocks are nearing an inflection point that may lead to an $1.3 trillion market opportunity, according to Binance Research. Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report shared with Cointelegraph. The lion’s share, $260 million, was attributed to Exodus Movement (EXOD) shares issued through Securitize. Excluding this figure, the market capitalization of tokenized stocks rose to $53.6 million, marking a 220% monthly increase since June. Read more

Apex Fusion will debut Vector, a Cardano-aligned blockchain that claims instant finality and 10x transaction speed, at Rare Evo on Saturday. Blockchain services firm Apex Fusion is set to launch Vector, a high-performance, Cardano-aligned blockchain designed for institutional users entering the Web3 space. Vector is a peer-reviewed, UTxO-based blockchain testnet with institutional-grade throughput and a claim of instant transaction finality. It will officially launch at the Rare Evo conference on Saturday, Apex Fusion said in a statement shared with Cointelegraph. This makes it the first Cardano-aligned blockchain to achieve independently verified instant finality, which is the assurance that a transaction is irreversible, according to the announcement. Read more

The Payy card combines transaction-shielding cryptography with a custom-built blockchain so a user’s stablecoin transaction amounts never appear on-chain.

The State of Michigan Retirement System disclosed ownership of 300,000 shares of the ARK Bitcoin ETF as of June 30, or about $11.3 million worth at current prices.

Coinbase legal chief Paul Grewal met with Karnataka IT Minister Priyank Kharge to explore collaboration on developer tools, cybersecurity and blockchain in governance. Paul Grewal, chief legal officer at major crypto exchange Coinbase, met this week with Priyank Kharge, the IT minister of India’s Karnataka state, as the US-based crypto exchange seeks to expand its role in India’s growing digital infrastructure. Grewal publicly thanked Kharge in a Wednesday X post, saying he “is excited to explore how Coinbase can further support Karnataka’s tech leadership.” He said that support could include developer tools, cybersecurity collaboration and capacity-building programs “The future is onchain — and it’s being built here,” Grewal said. Read more

The renewed threat of trade wars has fueled risk-off sentiment among investors.

Bitcoin Cash (BCH) was also among the top performers, rising 2.2%.

BNB's 10% drawdown from its peak positions it as one of the more stable assets in the exchange token sector, which has seen larger declines.

Bitcoin acquisition trends are leading to predictions of a major BTC supply shock, with bullish implications for price. Key points: Corporate Bitcoin treasuries such as Strategy’s are predicted to drain OTC desks and then exchanges. The resulting supply imbalance will “uncork” BTC price action. Read more

The SEC’s new guidance on liquid staking boosts governance tokens like LDO and RPL, while TVL across protocols holds steady at $67 billion.

Ten offshore platforms were flagged by regulators earlier this week and are now inaccessible through at least one major ISP.

Out of the box, it’s clear who this device is for: active Solana users who regularly transact on-chain, with the design focusing on everything crypto-first.

Shiba Inu's Bollinger bands are tightest since early 2024, indicating a potential volatility explosion ahead.

SBI Holdings unveiled plans for exchange-traded products, including a gold-crypto ETF and a Bitcoin-XRP dual ETF. Japanese financial giant SBI Holdings plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP. In its earnings report Thursday, the company outlined plans for two crypto-based ETF products. The first product proposal combines gold and crypto asset ETFs bundled into a trust.  According to the company, this would allocate 51% into gold-based ETFs and 49% into crypto-asset ETFs, such as Bitcoin ETFs; this will be publicly offered as an investment trust in Japan. Read more

It appears the SEC is accelerating their efforts to turn Project Crypto into reality, and soon...

Satsuma Technology secured $217.6 million in its latest raise, with over half settled in Bitcoin, drawing support from top crypto funds and UK institutional investors. London-listed tech firm Satsuma Technology locked in 163,660,000 British pounds ($217.6 million) in gross proceeds from its second convertible loan note round, with nearly $125 million settled in Bitcoin, to boost its Bitcoin treasury strategy. The raise, which closed on July 28, overshot its minimum $129 million target by more than 63%, driven by strong interest from crypto-native and traditional institutional investors, the company said in a Wednesday announcement. “This moment represents a landmark validation of our core belief: that fusing a Bitcoin-native treasury with decentralised AI is a paradigm shift in corporate value creation,” said Satsuma CEO Henry Elder. Read more

Dubbed the “Glacier Drop,” the airdrop is live as of Wednesday and available to wallets that held at least $100 in native tokens on Bitcoin, Ethereum, Solana, BNB Chain, Cardano, Avalanche, XRP Ledger, or Brave as of a June 11 snapshot.

All key cost basis models are trending higher, reinforcing strong on-chain support and investor confidence.