The rupee's rise may ease India's import costs, impacting its current account balance and economic stability amid global oil price shifts.

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This significant ETH transfer highlights the ongoing influence of whale activities on market dynamics and potential shifts in trading strategies.

The post 40,000 ETH transferred from Aave to Bitfinex in $79M whale move appeared first on Crypto Briefing.

The ECB's monetary expansion amid rising rates suggests resilient economic demand, potentially impacting eurozone financial stability and crypto markets.

The post ECB money supply growth hits 3.2% as eurozone lending quietly accelerates appeared first on Crypto Briefing.

Putin's prediction could escalate regional tensions, impacting Ukraine's territorial integrity and influencing NATO's strategic responses.

The post Putin predicts Ukraine may lose territories to Hungary, Poland, Romania in 15 years appeared first on Crypto Briefing.

Iran's stance may prolong diplomatic tensions, affecting regional stability and reducing the likelihood of resolving the blockade soon.

The post Iran not seeking new talks with US, says official Baghaei appeared first on Crypto Briefing.

Bitcoin Magazine

Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets

Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April. 

The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first day. 

Now, the fund has over $391 million in assets, demonstrating the popularity of the product. Many ETFs never reach $400 million in assets at all, let alone in one quarter.

Senior Bloomberg Intelligence ETF analyst Eric Balchunas revealed Friday that the product has been one of the most successful funds launched this year so far. 

This week alone, investors have thrown $15.7 million in new cash at the product, according to Farside Investors data. 

Morgan Stanley has been making big crypto moves for years now. Back in 2021, it started offering wealthy clients exposure to Bitcoin via funds such as those by Galaxy Digital.

And last year, the bank’s CEO and Chairman, Ted Pick, said that the bank was working with regulators to see how they could offer crypto safely.

Back in April, the bank’s head of digital assets, Amy Oldenburg said client education — not product design — is the central challenge facing Bitcoin adoption.

ETF action this week

After weeks of outflows and sloppy price action, American Bitcoin ETFs have taken in fresh cash over the past seven days. 

Farside Investors shows the products have received a total of $274 million in new investment so far this week. 

The funds had been on a winning streak, receiving nearly $1 billion over seven days until Thursday, when every ETF experienced outflows — except for Morgan Stanley’s product. 

Bitcoin’s price was recently trading for $64,096, down over 1% over the past 24 hours. The cryptocurrency is virtually unmoved over a seven-day period. 

European asset management firm CoinShares last week said that while investors are back at putting fresh cash in Bitcoin ETFs, other factors may hold digital asset markets from going higher. 

“We see no significant upside potential from here,” James Butterfill, head of research at CoinShares, wrote.

This post Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

$7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act

Investment giant Fidelity is the latest big player to back the latest version of the long-awaited Clarity Act. 

The Boston-based firm’s “Public Policy” account on X said Friday that it was urging the Senate to pass the bill. 

Lawmakers have been hashing out the crypto market structure bill since last year. A new improved draft circulating the Senate this week bans officials and their families from issuing or promoting crypto — a sticking point for opposition politicians. 

“The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets,” the company said. 

Fidelity — which manages around $7 trillion in assets — was joined Friday by crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber, as well as the National Fraternal Order of Police and other politicians in backing the bill. 

Top asset manager Fidelity is interested in the bill as the firm manages Bitcoin and other digital asset exchange-traded funds: products which give American investors exposure to crypto via shares that trade on stock exchanges. 

The SEC approved a number of spot BTC ETFs in 2024, which have since gone on to be some of the most successful ETF launches ever. 

Clarity stalls

Republicans passed the Clarity Act last year but the bill has been in deadlock — mainly because banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. 

Coinbase pulled support for the bill in January after clashing with banking bigwigs who said that earning yield on stablecoins should be banned. 

U.S. banks argue that they could lose customers if crypto exchanges like Coinbase offer more attractive products for their deposit base. 

Some lawmakers — like Democratic senator Elizabeth Warren — have argued that President Donald Trump’s family has unfairly benefited from crypto ventures. 

Warren this week argued that the Clarity Act could further be used for Trump to cash in on crypto but the latest draft bans officials and their families from issuing or promoting crypto. 

This post $7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

State Department to Debut Freedom Tech Program with Bitcoin Policy Institute, Palantir as Founding Partners

The U.S. State Department is launching a program that includes Bitcoin as a way to advance digital freedom worldwide. 

Named the Freedom Tech Excellence Program, the initiative will see the State Department work with the Bitcoin Policy Institute, data-analytics firm Palantir Technologies, defense technology company Anduril Industries, and the Victims of Communism Memorial Foundation on issues including online surveillance, encryption, AI governance, and protecting free expression online.

According to the program’s stated goals, participants will focus on five priority areas: First Amendment and free expression protections in the digital age; countering unlawful digital surveillance and online scams; privacy-enhancing technologies such as strong encryption and VPNs; responsible governance of emerging technologies including AI; and safeguarding children and other users online.

The inclusion of the Bitcoin Policy Institute signals that the Department views Bitcoin and blockchain technology as tools relevant to circumventing censorship and financial surveillance in authoritarian states — a theme the organization has long championed in its advocacy work.

The FTEP will operate through limited-term assignments, placing private sector personnel inside the State Department on temporary embeds tasked with shaping diplomatic efforts around specific digital freedom issues. 

President Trump campaigned on a ticket to help the crypto space and since taking office, his government has taken a more pro-crypto approach to both regulating and including elements of the space in his administration. 

In March 2025, for example, President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile, capitalized with roughly 200,000 Bitcoin already held by the government through criminal and civil forfeiture. 

The order framed Bitcoin alongside strategic reserves the U.S. maintains for materials like gold, petroleum, and pharmaceuticals, treating it as a scarce national asset rather than merely a speculative one.

This post State Department to Debut Freedom Tech Program with Bitcoin Policy Institute, Palantir as Founding Partners first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

National Fraternal Order of Police Gives Green Light to Clarity Act in Latest Support for Crypto Bill

The National Fraternal Order of Police became the latest organization to throw its support behind the long-awaited Clarity Act. 

In a statement Friday, specifically addressed to Democratic senators Elizabeth Warren and Timothy Eugene Scott, the fraternal organization wrote that it approved of the latest bill. The FOP works to improve the working conditions of law enforcement officers.

The newest draft bans officials and their families from issuing or promoting crypto, something opposition lawmakers previously had issue with. On Wednesday, Senator Warren, a long-time crypto critic, said that the latest bill would allow President Donald Trump to make money from crypto, as well as benefit criminals. 

“The latest version of the ‘Clarity Act’ includes several provisions that improve the ability of State and local law enforcement to protect consumers, investigate financial crimes, and coordinate with their Federal partners,” the letter read. 

“The revised bill establishes safeguards aimed at addressing fraud and victimization involving digital asset kiosks and related activity while also providing for anti-money laundering and sanctions compliance obligations across the digital asset ecosystem.”

U.S. lawmakers are currently mulling over the latest draft of the Clarity Act — a crypto market structure bill aims to set in stone digital asset regulation. 

More support for the bill 

Top crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber also threw their support behind the latest draft of the Clarity Act on Friday. 

The trade associations said that passing the bill is necessary to establish the “first comprehensive federal consumer protection framework for digital asset markets” as more Americans begin to use and invest in crypto. 

The Clarity Act, which Republicans passed last year, has been in a deadlock mainly because banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. 

America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. 

U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. 

A new bill has been circulating this week and it is expected it will head to floor vote. 

The latest draft bans officials and their families from issuing or promoting crypto — a sore point for Democratic politicians who have argued that President Donald Trump’s family has unfairly benefited from crypto ventures.

President Trump campaigned on a ticket to help the crypto space but his digital asset ventures have raised eyebrows among Washington lawmakers who think the Trump family has unfairly profited from crypto businesses. 

This post National Fraternal Order of Police Gives Green Light to Clarity Act in Latest Support for Crypto Bill first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Sealed in Foil: BMAG’s New Focus on Trading Cards

Somewhere right now, on a livestream, someone is tearing open a foil package while hundreds of people watch. Trading cards have become a spectator sport. The card market is at all-time highs, cardboard repriced by the hour, rare cards selling for eight figures, and a general sense of frenzy. But watch enough of it and something strange becomes clear. Nobody is looking at the cards. The audience isn’t consuming images, it’s consuming anticipation.

The card boom has also surfaced hard questions, and the hardest ones surround grading. The past year saw the hobby’s dominant grading house facing scrutiny over grades that shifted after cards moved through its own buyback program, and collectors began asking, who grades the grader. When a single subjective number separates a card from ten times its value, and the arbiter of that number also holds a position in the asset, the hobby has a verification problem. These are, in the language of bitcoiners, trusted-third-party problems.

The two worlds keep arriving at the same three questions: what’s real, what’s rare, and what holds value. A graded slab and a confirmed transaction on the timechain are answers to the same anxiety. Collectors demanding transparent grading and provenance that can’t be quietly revised are asking for verification over trust, whether they use those words or not. In that sense, card collectors and bitcoiners already share the same ideals.

This is why BMAG (Bitcoin Museum and Art Gallery) is making trading cards a serious part of its program. Seven years as the cultural wing of the Bitcoin Conference, more than 130 BTC ($8+ million) in art and collectibles sales, the first Magic: The Gathering tournament at a Bitcoin Conference, staged in Las Vegas with Kraken and on-site TAG grading, and the conviction that cards are asking the same questions bitcoin already answered.

Source: https://my.taggrading.com/card/P7612780

The fullest expression of that focus arrives this August. At Bitcoin Asia 2026, August 27-28 at the Hong Kong Convention and Exhibition Centre, BMAG will debut a full Trading Card Expo on the conference floor. The Expo is anchored by a marketplace of established vendors from across Hong Kong and Southeast Asia, alongside live activations, grading and authentication, card auctions, and a curated gallery presentation surrounding it all. Cards and collectibles will be available for purchase, and attendees are encouraged to bring their own cards for grading or resale to the 40+ card vendors. Hong Kong is one of the most active card markets in the world and a Bitcoin conference is the natural room for it.

But a marketplace alone isn’t the point. The trading card has an art pedigree longer than most people realize. Jefferson Burdick, the father of American card collecting, spent his final years transferring thousands of cards into albums at the Metropolitan Museum of Art, where his collection remains today. Art Spiegelman worked at Topps inventing series like Garbage Pail Kids before his mainstream graphic novel successes. And the critic Brian Droitcour recently put his finger on why the format matters right now: a Magic card is an image that does something, rarity and function entwined, while NFTs inherited that logic and captured only the rarity. Droitcour argues that NFTs dissolved the old hierarchy between the artwork and the collectible, and that the most interesting artists working today make objects that are both at once. 

A generation of artists has taken that invitation literally. Over the past few years, a loose scene of mostly pseudonymous artists, formed across crypto subcultures, Twitter timelines, and private group chats, has been quietly staging one of the more genuine artistic rebellions of the decade. Where the establishment crypto-art world courted galleries with polished generative work, these artists went the other direction, making images dense with meme references, anime, veiled art history, and internet debris, layered so deep that critics had to invent new words for them. They call the style schizocollage. In Spike Art Magazine, Dean Kissick placed the work in the lineage of deliberately “bad painting,” a tradition Marcia Tucker gave institutional credentials when she inaugurated the New Museum with an exhibition of that name in 1978. And increasingly, the scene’s work has been heading not toward the gallery wall but toward cardboard: the pack, the pull, the sleeve, and the slab treated not as merchandising afterthoughts but as the medium itself.

BMAG has spent years working in a room the traditional art world ignored, the art gallery inside a Bitcoin conference. When the painter Nardo showed at Bitcoin MENA in 2024, our conversation kept circling memes as units of cultural transmission and the internet’s layered debris as legitimate subject matter for painting. A year later his Citadel, a seven-foot oil painting built from a 4chan meme, debuted at the Bitcoin Conference in Las Vegas: a monument raised to an internet shitpost. The card movement runs on the same current at a different scale, small enough to fit in a penny sleeve. It’s a conversation we’ve continued in these pages all year, with founders like Alladan Flinn of Based Trading Cards, who describes cards as physical timestamps of the Bitcoin movement. We’ll have much more to say about the artists of this scene, and what they’re bringing to Hong Kong, in the weeks ahead.

The Card Expo debuts at Bitcoin Asia 2026, August 27-28 at the Hong Kong Convention and Exhibition Centre. Vendors of cards, collectibles, and related goods can apply for a table here. Tables are limited.

Follow BMAG on X at @BMAG_HQ for new partnership announcements, auctions, and first looks at the artists coming to Hong Kong.

This post Sealed in Foil: BMAG’s New Focus on Trading Cards first appeared on Bitcoin Magazine and is written by Dennis Koch.

Every cycle produces a handful of coins that are not just traded, they are believed in. They come with a founder who gives keynote talks, a whitepaper that reads like a manifesto, and a promise that goes far beyond price: this one is going to replace the cloud, connect every blockchain, or put a billion machines on-chain.

Then the cycle ends. And ends again.

The market backdrop makes the comparison brutal. Bitcoin is trading in the low-mid $60,000s after peaking around $126,000 in October 2025, the total crypto market cap sits near $2.17 trillion, Bitcoin dominance is above 56%, and the Fear and Greed Index is stuck in fear. Capital is not rotating down the risk curve. It is sitting still.

That means the coins below are not down because of one bad week. They are down because two full cycles came and went without them ever getting back to where they started. Here are five of the most striking examples, ranked by how far they have fallen from their peaks.

5. Cosmos (ATOM): what happened to the Internet of Blockchains?

Cosmos was supposed to be the connective tissue of crypto. One SDK to build any blockchain, one protocol (IBC) to let them all talk to each other, and one hub at the center of it, secured by ATOM. In 2021, "Internet of Blockchains" was one of the strongest narratives in the market.

• Where it is now: the strange part is that the technology largely worked. The Cosmos SDK went on to power Celestia, Injective, dYdX, Sei and Terra. IBC still moves real volume. What failed was the token. Every chain that launched with Cosmos tooling launched with its own token, its own validators and its own fee revenue, and dYdX eventually built its own chain and took its business with it. ATOM secured the hub and captured almost nothing else. The 2022 "ATOM 2.0" proposal, which tried to fix exactly that, was voted down by the community. Jae Kwon's departure and years of governance infighting did the rest.
• Price: ATOM trades around $1.39 against an all-time high of roughly $44.70 set in September 2021. That is about 96.8% below the peak, with a market cap of roughly $727 million.

4. Algorand (ALGO): can academic credibility save a token?

Algorand had the best résumé in the industry. Founded by Silvio Micali, an MIT professor and Turing Award winner, it introduced pure proof-of-stake with instant finality and no forks, and marketed itself as the chain institutions and governments would actually use. It landed a FIFA World Cup sponsorship and a string of central bank and government pilots.

• Where it is now: the chain still works exactly as advertised. Blocks are fast, fees are fractions of a cent, and it never had a serious outage. But developers went to Ethereum L2s and Solana, DeFi liquidity never arrived at scale, and the pilots rarely turned into recurring on-chain volume. Algorand is now positioning around post-quantum security and real-world assets, which is a real differentiator, but so far it is a technical one rather than a demand one. ALGO printed a fresh all-time low in March 2026.
• Price: ALGO trades near $0.084 against an all-time high of $3.56 from June 2019, roughly 97.6% below the peak, with a market cap around $758 million.

3. IOTA: what is left of the Internet of Things coin?

IOTA was going to be the machine economy. No blocks, no miners, no fees. Instead a directed acyclic graph called the Tangle, where every transaction confirms two others, which in theory meant it got faster as it got busier. Fridges paying for their own repairs, cars paying for their own parking, sensors selling data. In late 2017 that story pushed it into the top five coins.

• Where it is now: the fee-free machine economy never materialised. A 2017 "Microsoft partnership" that turned out to be a data marketplace pilot damaged credibility, the Trinity wallet was compromised in 2020 and forced the team to halt the entire network for weeks, and the founding group split in public. IOTA has since rebuilt itself almost from scratch as a Move-based, DAG-consensus L1 aimed at DeFi and real-world assets. It is a legitimate technical reset. It is also a completely different product from the one people bought in 2017, and the market has priced it accordingly. The token is sitting essentially on its all-time low.
• Price: IOTA trades around $0.035 against an all-time high of $5.25 from December 2017, about 99.3% below the peak, with a market cap of roughly $158 million.

2. EOS / Vaulta (A): what did $4.1 billion actually buy?

The largest ICO in history. Block.one ran a token sale for a full year and raised about $4.1 billion for an "Ethereum killer" with millions of transactions per second and zero fees. It was, at the time, the most heavily funded project in crypto.

• Where it is now: the SEC settled with Block.one for $24 million in 2019, a rounding error against the raise. The promised throughput arrived, the applications did not, and the community spent years fighting Block.one over unspent funds and unfulfilled commitments. In 2025 the network rebranded to Vaulta with a Web3 banking pitch, and the ticker changed from EOS to A. The rebrand produced a short-lived rally, then a collapse: a new all-time low in January 2026, another around $0.057 in June 2026, and the resignation of the CEO who led the pivot.
• Price: Vaulta trades near $0.06 against an EOS all-time high of $22.89 from April 2018, roughly 99.6% below the peak, with a market cap around $105 million.

1. Internet Computer (ICP): how does a token fall 99.7%?

The most ambitious pitch of the 2021 cycle. Dfinity spent more than $500 million on R&D to build a blockchain that could host entire applications end to end, replacing AWS, Google Cloud and the traditional web stack. Websites, databases, front ends and payments, all running on-chain. It was described as nothing less than a decentralised internet.

• Where it is now: ICP listed in May 2021 at a valuation that implied a market cap near $400 billion at its peak, which would have made it one of the largest technology assets on earth. Then early allocations unlocked into a falling market and the price broke almost immediately. The technology is genuinely unusual and still shipping, with ckBTC, on-chain AI experiments and a "Mission 70" proposal published in February 2026 to cut token inflation by at least 70% by 2027. But inflation was never the core problem. Usage was. Every app on the network burns ICP, so the fix only works if the apps arrive.
• Price: ICP trades around $2.15 against an all-time high of $700.65 from May 2021, roughly 99.7% below the peak, with a market cap of about $1.2 billion.

The damage in one table

*Figures reflect data at the time of writing and will move.

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What do all five have in common?

None of these projects is a scam, and none of them is technically dead. Every network still produces blocks. Every team still ships. That is what makes the list interesting rather than just depressing.

The pattern is not fraud, it is three repeating mistakes:

• The token was not the product. Cosmos is the purest case. The tech won, the token did not, because value accrued to the chains built with it instead of the chain at the center.
• Supply arrived before demand. ICP and EOS both hit the market with enormous valuations and enormous unlock schedules attached, which is a mathematical headwind no amount of engineering fixes.
• The narrative expired faster than the roadmap. IOTA's machine economy and Algorand's institutional pitch were both multi-year theses in a market that reprices every 90 days. By the time the product was ready, the story belonged to someone else.

Are any of these coins still worth watching?

There is a real argument that some of these are the most asymmetric assets in the market: working technology, tiny valuations, functioning teams, near-zero expectations. A coin trading 99% below its high does not need a new bull market to double; it needs one credible reason for anyone to care.

There is an equally real argument that a token which has failed to reclaim its high across two full cycles is telling you something the roadmap is not. Networks can survive indefinitely while their tokens go nowhere, and dead money is still dead money even when the GitHub is active.

What would change the picture is not a partnership announcement or a rebrand. It is measurable, recurring, fee-paying usage that has to route through the token. Until one of these five can show that, the charts are the honest summary.

If you have seen headlines suggesting the President personally sat down with senators to get the CLARITY Act over the line, that reporting was accurate, and then the story moved on without it. Trump did intervene directly. He did approve the ethics language that had blocked the bill for months. And within roughly a week, the Senate Majority Leader was telling reporters the bill probably would not pass before the August recess.

That gap between "the White House is now personally involved" and "the bill is about to become law" is the whole story right now, and it is worth getting straight before you position yourself around a passage trade.

What did Trump actually do?

On 16 July, Trump met a group of Republican senators in the Oval Office: Cynthia Lummis of Wyoming, Bernie Moreno of Ohio, Thom Tillis of North Carolina and Bill Hagerty of Tennessee. Also present were White House crypto adviser Patrick Witt, chief of staff Susie Wiles and Acting Attorney General Todd Blanche. No Democrats were invited.

This was the deepest executive-branch involvement the bill has seen. The purpose was narrow: break the deadlock over the ethics provision, which had been the single unresolved item after months of negotiation.

Days later, the President signed off on ethics language. On 22 July, Senate Republicans published a revised draft running to several hundred pages. For the first time, the text included explicit restrictions on how a sitting president may profit from digital assets. The president, vice president, members of Congress, federal judges and other covered officials would be barred from issuing or sponsoring digital assets for compensation while in office.

On the face of it, that was the concession Democrats had been demanding since spring. It did not land that way.

Why did Democrats reject the ethics language?

Within hours of the text dropping, Senator Ruben Gallego of Arizona, one of only two Democrats who voted the bill out of the Senate Banking Committee, dismissed the Republican draft in terms too crude to print, saying it was not a serious effort and fell well short of a deal. He added that he is working on a counteroffer with Tillis and unnamed Republicans, and that the fight is not over.

The underlying dispute is about scope and timing rather than the existence of a provision. Democrats have wanted binding, durable limits on officials' crypto business interests. Republicans produced restrictions that critics describe as narrower and more temporary than what was asked for. Democrats had made the ethics question a stated precondition for their votes; Republicans consider the matter now addressed. Both positions are on the record, and neither side has moved since.

Context matters here for why this became the sticking point at all. Trump's annual financial disclosure reported more than $1.4 billion in crypto-related income for 2025, including roughly $635 million in meme coin royalties and around $515 million linked to World Liberty Financial token sales. Trump has denied any wrongdoing in connection with his digital asset businesses. Democratic critics have argued that a new regulatory framework should not pass without constraints on the President's own commercial exposure to the industry it governs. Supporters counter that conflating market structure rules with a fight over one official's holdings is what has cost the industry a year of legal uncertainty.

What is the actual vote math?

This is where the optimism runs out, and it has nothing to do with who is right on ethics.

The bill needs 60 votes in the Senate to clear cloture. Republicans hold 53 seats. Senators Josh Hawley and Rand Paul are expected to vote no on substantive grounds, which puts the working Republican base closer to 51. That means roughly nine Democratic votes are required.

Only two Democrats, Gallego and Angela Alsobrooks of Maryland, voted for the bill in committee, and both explicitly warned that committee support did not guarantee a floor vote. Meanwhile, Senators Chris Murphy, Chris Van Hollen and Jeff Merkley have formally come out against it.

Nine votes from a caucus where the two most sympathetic members are publicly unsatisfied is not a rounding error. It is the reason experienced observers expected the ethics deal to come before floor time, not after.

What did Thune actually say, and does it settle it?

Asked on Thursday whether the Senate could clear the CLARITY Act and a separate college sports bill before the recess, Majority Leader John Thune said he did not think they could be finished, adding that he would like to at least get CLARITY started and see where the votes land.

Read that carefully, because the two halves point in different directions. "Get it started" means opening floor debate without completing it, which would leave the bill mid-process going into September. That is not the same as the bill dying, but it does mean burning floor time in a fall calendar already crowded by midterm politics. Thune's office has pointed to a Russia sanctions bill as the next priority for floor time.

Not everyone accepts that read. White House crypto adviser Patrick Witt said he was perplexed by Thune's assessment and remains slightly more optimistic, arguing the first week of August is still viable and pushing for the vote to be scheduled rather than waiting indefinitely for Democratic sign-off. Senator John Kennedy has framed the stakes plainly: without a positive vote before the break, he expects the odds to turn against the bill.

The recess begins around 7 August.

How far have the odds actually moved?

The prediction markets tell the story more cleanly than the press releases do.

Polymarket priced 2026 passage at 82% in February. It sat near 48% three weeks ago. After Thune's comments it fell to roughly 37%. Galaxy Research, which had 75% in May, cut to 50% and then again to about 30%. Kalshi traders had earlier given a Senate vote before recess a 79% chance while assigning only 36% to the bill actually becoming law this year. That spread captured the distinction most headlines missed.

Institutional forecasters have been blunter. Stifel's Washington strategist wrote that the bill probably needs to clear the Senate by the end of July, and that missing the recess would cause its prospects to deteriorate materially. Beacon Policy Advisors has suggested a miss could end the 2026 path altogether. Lummis has warned that a delay could push comprehensive market structure legislation out by years.

Is the ethics fight the only obstacle?

No, and this is underreported.

A second front opened over stablecoin yield. Banking groups have pushed back on provisions they argue would let yield-bearing stablecoin products draw deposits away from community lenders. Senator John Cornyn has voiced those concerns publicly, and Senator John Curtis said he would take the question of local lending capacity to Banking Committee Chairman Tim Scott.

That matters because it is Republican resistance, on economic rather than ethical grounds, in a chamber where the majority cannot afford defections.

Worth noting alongside it: 18 July marked one year since the GENIUS Act, and the statutory deadline for federal agencies to finalise stablecoin implementing rules passed without a single final rule being issued. The legislative machinery on US digital asset policy is moving slower than the announcements suggest across the board.

What does this mean if you trade or build?

For traders, the practical takeaway is that CLARITY passage is not a priced-in certainty and has not been for weeks. Anyone positioning on a regulatory catalyst should be working from roughly one-in-three, not from a headline about a White House meeting. Citi cut its Bitcoin and Ethereum targets earlier in July partly on the persistence of regulatory uncertainty, which is a reasonable proxy for how the sell side is reading this.

For builders and US-facing firms, the status quo continues: oversight split between the SEC and CFTC on a case-by-case basis, with agency posture rather than statute doing the work. That posture is a reversible administrative choice, not law, and that is precisely the exposure the bill was meant to close.

For everyone else, the sequencing question is simple. If the Senate begins debate before 7 August, September is live. If nothing starts, the realistic window shifts past the November midterms, and a Congress campaigning on other things is not one that finds floor time for a 600-page market structure bill.

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The CLARITY Act has come further than any crypto market structure bill in US history: passed the House 294–134 in July 2025, cleared Senate Banking 15–9 in May 2026, placed on the Senate calendar, and now backed by direct presidential involvement. It is still nine votes short of a chamber that leaves town in under two weeks. Both of those things are true at once, and only one of them is making headlines.

Three days after BitMEX told users it was closing after eleven years, BitMart has announced the orderly cessation of its own trading platform. The notice went live on 26 July 2026 at 01:40 UTC and puts a hard clock on every balance still sitting on the exchange. Two centralized venues announcing wind-downs in the same week is not a coincidence — it is what the mid-tier exchange model looks like when the numbers stop working.

What exactly did BitMart announce?

BitMart says the decision follows an evaluation of its operating conditions, market environment and future strategic direction. There is no mention of insolvency, hack or enforcement action. The wording is the corporate equivalent of the business no longer paying for itself.

The shutdown is staged rather than immediate:

• 26 July 2026, 01:30 UTC — new user registrations stop, all crypto and fiat deposits are suspended, futures accounts move to Reduce-Only, spot stops accepting new orders, and Copy Trading, Grid, API and other automated services are switched off in phases. Open orders must be cancelled by users or will be cancelled by the system.
• 26 August 2026, 01:00 UTC — all spot, futures and other trading services end. Any futures position still open may be settled by the platform at its mark, index or applicable settlement price.
• 31 January 2027, 15:59 UTC — the trading platform officially ceases operations. Accounts remain accessible for a period afterwards for history and withdrawal requests.

Earn, Staking, Lending and Launchpad products are being retired in phases, with separate redemption notices to follow.

What is the actual withdrawal deadline?

This is the part that matters and it is earlier than the January 2027 date suggests.

BitMart recommends users complete identity verification and close all positions before 26 August 2026, 01:00 UTC, and submit withdrawal requests before 26 August 2026, 05:00 UTC. Anything after that gets routed into a separate processing procedure with its own documentation requirements.

Withdrawals are also not automatic. BitMart states that requests may go through manual review covering KYC verification, login device and IP checks, withdrawal address screening, source-of-funds review, Travel Rule compliance and sanctions checks. Submitting a request is explicitly not the same as the assets being broadcast on-chain. In a wind-down, review queues get long — which is the practical argument for withdrawing now rather than in the final week of August.

Were there warning signs before the announcement?

In hindsight, the week before the notice reads like a checklist:

• 24 July — BitMart introduced a custody fee policy for inactive accounts.
• 25 July — a notice restricting services for U.S. users, the suspension of the AMM Bot service, and the discontinuation of Spot Margin trading with forced liquidation set for 26 July at 02:00 UTC.
• 26 July — the full cessation notice.

That sequence came just nine days after BitMart published an upbeat H1 2026 report on 17 July, highlighting asset-management AUM up roughly 256%, a new Prediction Market product and an expanded regulatory footprint including an Australian financial services licence secured in June. The same report acknowledged the backdrop plainly: Bitcoin down around 33% in the half, Ether down 50%, record spot ETF outflows, and cooling volumes across the top ten centralized exchanges.

How does this compare to the BitMEX shutdown?

BitMEX announced on 23 July that HDR Global Trading Limited would close the exchange at 04:00 UTC on 23 September 2026, following a strategic review. Registrations stopped immediately, reduce-only trading begins 26 August at 04:00 UTC, and KYC-verified users who leave balances behind face a monthly fee of the greater of $50 or 1% annually.

The overlap is striking. Both exchanges chose 26 August as the date trading effectively ends. Both framed the decision as strategic rather than distressed. Both stopped registrations the day of the announcement. BitMEX was an eleven-year-old derivatives pioneer that invented the perpetual swap; BitMart was an eight-year-old altcoin-heavy spot and futures venue with a broad listings catalogue. Very different businesses, same conclusion within 72 hours.

Why are mid-tier exchanges closing now?

The squeeze is structural rather than dramatic.

Trading fees have compressed toward zero across the industry. Compliance costs have gone the other way — MiCA in Europe, licensing regimes in Asia-Pacific and the Middle East, Travel Rule infrastructure, proof-of-reserves expectations. Liquidity has concentrated into a handful of the largest venues, while on-chain perpetual platforms have absorbed a growing share of derivatives flow that used to sit on exchanges like BitMEX.

A mid-tier exchange therefore pays large-exchange compliance costs on small-exchange revenue, in a half-year where Bitcoin fell a third. That is not a business you fix with another listing campaign.

Expect more of these. The realistic outcome of the current cycle is fewer, larger, more heavily licensed venues — which solves some problems and concentrates counterparty risk into a smaller number of names.

What should affected users do right now?

1. Log in and check every balance, including Earn, staking and lending positions.
2. Complete or update KYC before the deadline — unverified accounts will hit review friction.
3. Cancel open orders and close futures positions rather than letting them be force-settled.
4. Redeem Earn and locked products, which have their own separate timelines.
5. Withdraw early. Verify the network and destination address carefully, and do not submit duplicate requests.
6. Download your balance, deposit, withdrawal and trade history for tax purposes before access changes.

One more thing: BitMart has explicitly warned about impersonation scams during the wind-down. There are no paid priority withdrawal channels, no "account unfreezing fees" and no expedited processing. Nobody from BitMart will ask for your password, 2FA code, private keys or seed phrase. Any message on Telegram or WhatsApp offering to speed up your withdrawal for a fee is a scam.

Where can users move their assets?

Long-term holdings that are not being actively traded belong in self-custody, where no exchange timeline applies to them. For funds that need to stay on a trading venue, the sensible filter now is regulatory footing and balance-sheet durability rather than fee tables and listing counts.

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The broader lesson of this week is worth stating simply: assets held on any exchange are a claim against a company, not coins you control. Both BitMart and BitMEX appear to be closing in an orderly way with user funds intact. That is the good version of this outcome. It still means that tens of thousands of users are moving funds on someone else's schedule.

The National AI Initiative Act became law on 1 January 2021. Five years later, the companies at the centre of the AI trade are worth tens of trillions of dollars. The entire crypto market, meanwhile, is worth about $2.2 trillion. The implied conclusion: pass the CLARITY Act, and crypto re-rates the same way.

It is a good story. It is also a comparison that falls apart the moment you check the numbers, the legislation, and the vote count. Here is the honest version.

What Actually Happened To AI Stocks After 2021?

The Magnificent Seven — Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta and Tesla — carried a combined market capitalisation of roughly $22.6 trillion as of 22 July 2026, around a third of the entire S&P 500. Nvidia alone sits above $5 trillion. The direction of travel in the viral post is correct: an enormous amount of value has been created since 2021.

The causation is not. The National AI Initiative Act created a coordination office and a federal R&D framework. It did not deregulate a market, unlock institutional capital, or remove a legal overhang. What actually re-rated those stocks was ChatGPT, a capex supercycle, and earnings. The Magnificent Seven are projected to spend around $680 billion on AI-related capital expenditure in 2026 alone. That is the engine — not a 2021 authorisation bill.

There is also a warning inside the comparison that the bullish framing skips. That trade is currently cracking. The Mag 7 ETF is up only marginally in 2026, the group is down roughly 11% from its May record, and JPMorgan strategists have publicly compared the internal split between chipmakers and hyperscalers to the late stages of the dot-com bubble. If crypto gets an "AI-style re-rating," that is what it looks like at the end.

Why Is The $2.2 Trillion Crypto Number Misleading?

Because it is a number that has already come down hard.

The global crypto market cap sits between roughly $2.19 trillion and $2.28 trillion as of 25 July 2026 — down about 42% year on year and roughly 47% below the all-time high of about $4.27 trillion set on 6 October 2025. Bitcoin is trading near $64,000 with dominance around 56–58%, and the Crypto Fear & Greed Index is reading 27: fear.

So the correct framing is not "crypto is small and about to explode." It is "crypto is in a drawdown and looking for a catalyst." Those are very different trades with very different risk profiles. The 2021-to-2026 AI comparison quietly borrows the optimism of a bull market and applies it to a market that has spent nine months bleeding.

Where Does The CLARITY Act Actually Stand?

This is the part most of the hype posts skip, and it matters.

The Digital Asset Market Clarity Act (H.R. 3633) passed the House on 17 July 2025 by 294–134, with more than 70 Democrats crossing the aisle — the strongest congressional endorsement digital assets have ever received. The Senate Banking Committee then advanced its version 15–9 on 14 May 2026. On 1 June it was reported out and placed on the Senate Legislative Calendar as Calendar No. 423.

And there it has sat. No cloture motion has been filed. Majority Leader John Thune has not allocated floor time. The White House's informal 4 July signing target passed without a ceremony.

The blockage was never the market-structure substance — the SEC/CFTC split, the "digital commodity" definition, the maturity test, DeFi developer safe harbours. It was a conflict-of-interest clause restricting how the president, vice president and members of Congress can profit from digital assets while in office. Trump's July financial disclosure logged roughly $1.4 billion in crypto income for 2025, most of it tied to World Liberty Financial and his memecoin, making him the single largest obstacle to the bill he says he wants.

On 20 July the White House signed off on ethics language. On 22 July Senate Republicans circulated updated text merging the Banking and Agriculture Committee approaches, with an ethics provision that sunsets in 2029. Both Democrats who voted the bill out of committee — Ruben Gallego and Angela Alsobrooks — immediately said they oppose that version.

Who Wants CLARITY, And Who Is Blocking It?

The institutional list in the viral post is real, and it got longer this week.

Fidelity, which oversees about $7.1 trillion in assets, publicly urged the Senate to pass the bill on 24 July. Goldman Sachs CEO David Solomon told Politico he is supportive, arguing the legislation creates a level playing field and lets regulated institutions that have stayed on the sidelines participate. BlackRock, Fidelity and Goldman have all continued building out blockchain and digital-asset products as the regulatory picture improved. Coinbase-backed Stand With Crypto says it has generated some 950,000 constituent contacts pushing for Senate action.

But "Wall Street wants it" is not the same as "Wall Street agrees." The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, Independent Community Bankers of America and National Bankers Association issued a joint statement opposing provisions that would let crypto platforms pay yield on stablecoins — their argument being that it drains deposits away from mortgage and small-business lending. JPMorgan's Jamie Dimon has raised the same objection. The National Sheriffs' Association has campaigned against the bill on law-enforcement grounds, and Senators Mark Warner and Catherine Cortez Masto have conditioned their support on addressing those concerns.

The arithmetic is brutal. Passage needs 60 votes. Republicans hold 53 seats, and Josh Hawley and Rand Paul are expected to vote no on substance. That means seven to nine Democrats have to be found — and the two who have already voted for it once are currently opposed to the latest text.

What Are The Real Odds Of Passage In 2026?

The people with money on it have been cutting their numbers, not raising them.

Galaxy Research has trimmed its 2026 passage odds to around 50%, citing the absence of a unified Senate text, no firm floor schedule and a shrinking window. Polymarket has been far more volatile: above 80% in February, a record low near 24% in mid-July, back to roughly 43–45% when the updated text was expected, and settling in the mid-30s as the ethics deadlock hardened.

The calendar is now the binding constraint. The Senate breaks for August recess around 7–8 August. Stifel's Brian Gardner has written that the bill probably needs to clear the Senate by end of July, and that missing the recess would cause its prospects to deteriorate materially. Beacon Policy Advisors has gone further, suggesting a miss could end the 2026 path entirely.

So Will Crypto Pump When CLARITY Passes?

Two things are worth separating.

First, passage is not the finish line. The GENIUS Act was signed in July 2025 and then missed its own one-year rulemaking deadline outright. CLARITY would make the CFTC the primary digital-asset regulator — an agency currently operating with a single commissioner and an unfunded budget request. Registration windows, definitional rulemaking and agency capacity mean the practical effects would arrive over quarters and years, not on the day of the signature.

Second, most of the good news may already be priced. Markets have been trading the CLARITY headline since February. Odds have round-tripped from 80% to 24% and back into the 30s and 40s, and the market is still down 42% year on year. That pattern suggests the bill is functioning as a sentiment variable rather than a coiled spring — and it means the asymmetry may run in the other direction. A clean Senate passage before August recess is a genuine catalyst. A miss, with prediction markets already pessimistic, is a slow bleed of the last remaining 2026 policy hope.

The honest summary: the CLARITY Act is the most consequential piece of crypto legislation ever to get this far, the institutional support behind it is real and growing, and it is still nowhere near certain. Anyone telling you a 10x re-rating is the base case is selling you a narrative, not an analysis.

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Samsung has put stablecoins on the roadmap for Samsung Wallet. The announcement came at Galaxy Unpacked 2026 on 22 July, and would place dollar-pegged digital currencies directly inside an app already installed on millions of devices. Samsung says the move would make it one of the first major mobile brands to support stablecoins natively on smartphones.

That is a genuinely significant distribution story. It is also, for now, an announcement rather than a product — and the distinction matters a great deal when you start asking what it does to prices.

Samsung Stablecoins: What exactly did Samsung announce?

During the Galaxy Unpacked event, Samsung said its in-house wallet app will include stablecoin support, positioning Wallet as "the foundation of a connected financial ecosystem" across Galaxy devices and services, bringing payments, rewards and digital assets into one experience.

The on-stage demo showed a USDC account with send, receive and top-up functions. Samsung did not, however, confirm partnerships with any stablecoin issuers.

It arrived bundled with a more concrete product. Samsung launched the Galaxy Card in the US with Barclays and Visa — the first financial product built directly around Samsung Wallet. The card offers 5% cashback on certain purchases in Samsung's own stores alongside other perks. The pattern here is worth noting: the card is shipping, the stablecoin support is signposted.

Is this really a billion-user crypto on-ramp?

Samsung's global Galaxy install base is frequently put in the region of a billion devices, and that is the ceiling this story points at. But Samsung Wallet itself is not available everywhere — it operates in roughly 30 to 40 markets, and the Galaxy Card launching alongside the announcement is US-only. One estimate framed the immediately addressable figure at 241 million Galaxy phones.

Samsung has not confirmed a timeline or a regional rollout plan. Stablecoin regulation differs sharply across its markets, and that alone makes a simultaneous global switch-on implausible. The US, where the Galaxy Card and Barclays partnership are launching, is the likely first target.

So: a billion-device ceiling, a low-hundreds-of-millions realistic near-term ceiling, and an actual launch audience of zero until Samsung ships it.

Why does this matter more than previous Samsung crypto moves?

Because it changes what the wallet is rather than what it links to.

Samsung has been circling crypto for years. It shipped an embedded cryptocurrency wallet with hardware-backed security in the Galaxy S10 back in 2019, and integrated Coinbase One into Samsung Wallet in the US to give millions of consumers an easier path into crypto.

But offering users the ability to buy Bitcoin through a partner app is one thing. Embedding a dollar-equivalent digital currency into the core wallet experience is a fundamentally different proposition.

Stablecoins have largely stayed inside crypto — circulating between exchanges and platforms that ordinary users never touch. A default slot in the wallet app that comes preinstalled on the phone removes the single biggest barrier to that changing: nobody has to download anything, sign up anywhere, or learn what a seed phrase is.

The competitive pressure is the other half of the story. Apple, which restricted NFC access on iPhones until EU regulatory pressure forced changes, has announced no stablecoin integration for Apple Wallet. If Samsung ships this at scale, rival manufacturers and wallet providers face pressure to move sooner than they had planned.

How would this affect crypto prices over the medium term?

Here is where a lot of coverage gets sloppy, so let's be precise about the mechanism.

Stablecoin adoption is not a direct bid on Bitcoin. Someone topping up a USDC balance to buy coffee is not buying BTC. They may never buy BTC. The demand this creates flows to dollar-pegged tokens, and issuing more USDC means Circle buys more short-term Treasuries — not more crypto.

The transmission to asset prices is indirect and works through three channels:

1. Settlement layers capture the fees. Stablecoin transactions have to settle somewhere. Whichever chains Samsung routes volume through — Ethereum, its L2s, Solana, or something else — would see real transaction demand rather than speculative demand. That is the clearest medium-term link to a tradeable asset, and it depends entirely on technical choices Samsung has not disclosed.

2. Issuers are the direct beneficiaries. Circle's listed equity (CRCL) is a far more direct expression of this trade than any token. Stablecoins already exceed $320 billion in market capitalisation, dominated by USDT and USDC. Distribution through a top-two smartphone vendor moves that number.

3. The funnel effect — slow, real, unquantifiable. Users who hold a stablecoin balance in an app they already trust are meaningfully closer to buying a volatile asset than users who hold nothing. Historically, that's how retail crypto adoption has worked: stablecoin first, speculation second. But this operates over years, not quarters, and no one can put a number on the conversion rate.

And over the long term?

The honest answer is that infrastructure announcements of this type have a poor record of showing up in price charts on any timeline traders care about.

Samsung has not disclosed which stablecoins will be supported or when the feature launches globally. Until those two questions are answered, this is a directional signal about where consumer fintech is heading, not a catalyst.

What it does change is the structural argument. The case for stablecoins as payment infrastructure — rather than as trading collateral — gets materially stronger when the default wallet on hundreds of millions of phones supports them natively. Visa and blockchain data firm Allium now publish on-chain stablecoin volumes, reflecting how far fiat-backed tokens have already moved beyond trading into payments infrastructure.

For anyone positioning around this: watch for the launch date, the named issuer, the chain, and the first market list. Those four details will tell you whether this is a headline or a business.

Worth keeping in perspective, too, that the wider market is not currently trading on adoption news. $Bitcoin is around $63,900 and down roughly 27% year-to-date, with the Fed's 28–29 July meeting dominating positioning. A roadmap item at a phone launch will not outweigh that.

After two years of silence from Thinking Machines Lab, Murati's debut model is out and on OpenRouter. The MCP score is genuinely impressive. The price-to-performance math is more complicated.

The AI Kill Switch Act would let Homeland Security order frontier AI throttled or shut down, with fines up to $20 million a day for defying it.

For the first time, real-world assets—stocks, commodities, and market indices—outpaced crypto on the world's biggest decentralized derivatives exchange.

Samsung showed a wallet mockup holding Circle's USDC at Galaxy Unpacked. But details are scarce.

Anthropic's new everyday model undercuts its own frontier product on cost and beats it almost everywhere that counts.

SkyBridge Capital founder Anthony Scaramucci claims that the Clarity Act is a major improvement over the current regulatory uncertainty in the United States.

Coinbase CEO Brian Armstrong has pushed back against the growing narrative that investors and entrepreneurs should abandon crypto in favor of artificial intelligence.

The market saw an unexpected and unexplained surge of volatility, especially on the assets like Shiba Inu.

Fundstrat co-founder Tom Lee believes the recent shutdowns of major cryptocurrency exchanges could be a classic sign that the crypto market is approaching a cycle bottom.

401 million Shiba Inu (SHIB) tokens sent to "dead" address overnight as daily burn rate spikes 5,223% following $700 million market surge.

Key Takeaways

• Garden Finance pulled its application offline following a security compromise affecting a solver’s off-chain database
• Approximately $450,000 in USDT was stolen from networks including Ethereum, Base, Arbitrum and BNB Chain
• The protocol’s HTLC smart contracts remain intact and user deposits were not impacted
• The losses affected only the compromised solver’s own assets, not customer holdings
• Three security firms—zeroShadow, Quantstamp and Blockaid—are assisting with fund recovery efforts

On July 27, Garden Finance suspended operations of its cross-chain bridging platform following a security incident targeting one of its third-party solvers.

According to the platform’s disclosure, an unauthorized party gained access to a solver’s off-chain database infrastructure. Once inside, the attacker manipulated transaction records by creating fraudulent entries that deceived the solver into releasing funds for swaps that were never legitimately initiated.

Security analytics firm Blockaid confirmed the exploit resulted in losses totaling approximately $450,000 in USDT tokens. The attack spanned multiple blockchain networks, including Ethereum, Base, Arbitrum and BNB Chain.

Garden Finance emphasized that the underlying protocol architecture and its hash time-locked contracts (HTLCs) remained completely secure throughout the incident. These HTLC mechanisms serve as the foundation for Garden’s atomic swap functionality, enabling trustless exchanges between Bitcoin and other blockchain ecosystems.

Importantly, the platform stressed that customer assets were never exposed or compromised during the breach. All financial losses stemmed exclusively from the affected solver’s proprietary funds.

As a protective measure, Garden Finance temporarily disabled all services while conducting a comprehensive security audit of the impacted systems. The company has not yet announced when normal operations will resume.

Recovery Efforts Underway With Security Partners

Garden Finance has enlisted three specialized blockchain security companies to investigate the breach and attempt asset recovery. The investigation team consists of zeroShadow, Quantstamp and Blockaid.

The platform stated that service restoration will occur only after thorough security validation procedures are complete. Garden also referenced its SOC 2 Type II certification as demonstration of its commitment to security standards.

Pattern Emerges With Second Solver Compromise

This incident marks the second time in less than a year that Garden Finance has experienced a solver-related security breach. Previously, in October 2025, a comparable attack resulted in approximately $11.4 million in stolen funds when an attacker infiltrated a solver’s operational environment.

Garden emphasized that the October incident similarly left protocol contracts and user balances untouched.

The pattern of repeated solver breaches points to persistent security weaknesses in off-chain solver operations rather than fundamental flaws in Garden’s core protocol design.

Garden Finance continues to assess the complete scope of damages, including finalizing the exact loss amount, identifying all affected digital assets and confirming every blockchain network involved.

Blockaid initially detected and publicly disclosed the ongoing exploit, publishing blockchain addresses associated with the attacker’s operations.

Garden Finance stated its current priorities include hardening affected infrastructure, tracking the movement of stolen assets and implementing additional safeguards before reopening the platform.

The platform has not disclosed whether any portion of the $450,000 has been successfully recovered to date.

The post Garden Finance Halts Operations Following $450K Solver Database Exploit appeared first on Blockonomi.

Key Takeaways

• SOL currently trades near critical support at $73, aligned with the 0.382 Fibonacci retracement level at $73.89
• Breaking above $77 resistance would signal bullish momentum toward the $80-$84 range
• A failure to hold $73 support could push prices down to the $68-$64 area, with June’s $60 low as the worst-case scenario
• Crypto analyst Crypto Patel highlights the $52-$73 range as a strategic long-term accumulation zone on weekly timeframes
• Ambitious price projections of $500 and $1,000 remain possible but require several significant resistance breakouts

Solana finds itself at a critical juncture in the market. Trading around $73.90, the cryptocurrency is testing support just above the 0.382 Fibonacci retracement level at $73.89 while simultaneously defending an ascending trendline that has provided support since June.

Crypto analyst Crypto Patel has been closely monitoring this pivotal price level. According to his analysis, maintaining support above $73 preserves the bullish market structure, whereas a breakdown could send SOL tumbling toward the $68-$64 liquidity zone.

Throughout the recent recovery phase, buyers have successfully defended this upward-sloping trendline on multiple occasions. This historical defense adds credibility to the support level, though Solana faces significant challenges to the upside before any sustainable rally can materialize.

Currently, SOL remains capped by a descending resistance trendline that originates from the July peak around $84. This downward-sloping pressure continues to suppress near-term recovery efforts.

Why $77 Is the Critical Breakout Level

Reclaiming the $77 level would mark a significant shift, pushing Solana above the descending resistance trendline. Successfully breaking this barrier would open the path toward $80, with $84 as the subsequent target.

Should the $73 support level fail, attention turns to the 0.5 Fibonacci retracement near $71. Further deterioration would expose the $68.22-$64.46 support zone, and a decisive break beneath $64.46 could send prices retreating toward the June low around $60.

Crypto Patel has also published a weekly chart analysis that paints a broader picture. On this extended timeframe, SOL currently sits near $74, marginally above Fibonacci support around $72.55, with a wider support zone extending down to approximately $52.

Maintaining price action within the $52-$73 range would preserve the long-term bullish structure. However, a sustained breakdown below $52 could potentially drag prices toward $32.50.

Ambitious Price Targets: $500 and $1,000 in Focus

Examining the weekly timeframe, Crypto Patel outlines potential price targets of $500 and $1,000 if SOL completes a full breakout sequence.

The initial major obstacle sits at $101. Beyond that level, Solana must contend with substantial resistance between $180 and $295, a range that encompasses the territory around its previous all-time high.

Only after a confirmed breakout above that resistance zone would the $500 target become realistic. The $1,000 projection would represent an extraordinary gain of approximately 1,900% from the lower boundary of the support zone.

These ambitious targets are predicated on Solana replicating a historical breakout-and-retest pattern. At the current price near $73-$74, SOL remains in the accumulation and support phase rather than an expansion phase.

The latest market data shows Solana trading near $73.90, with the immediate decision point revolving around whether buyers can successfully defend the $73 level amid ongoing selling pressure.

The post Solana (SOL) Faces Critical $73 Support Level—What Comes Next for SOL Price? appeared first on Blockonomi.

Key Takeaways

• On July 26, Storj Labs submitted a Chapter 11 bankruptcy petition in West Virginia’s federal bankruptcy court
• Prior to filing, the decentralized storage company secured approximately $35 million through venture capital and a 2017 token offering
• The company intends to maintain uninterrupted network operations and customer support throughout the reorganization
• A proposed equity conversion mechanism for STORJ token holders is under development
• Two additional cryptocurrency firms entered Chapter 11 proceedings during July 2026

On July 26, 2026, Storj Labs initiated Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the Northern District of West Virginia. The filing appears under case number 5:26-bk-00512.

According to the company’s statements, the financial difficulties trace back to legacy liabilities connected to previous business operations. Kaloyan Raev, serving as director of software engineering at Storj, characterized the current business as operationally sound and appropriately sized, but burdened by historical financial obligations.

Prior to this bankruptcy petition, Storj Labs successfully raised approximately $35 million in capital. This figure encompasses a $30 million STORJ token offering that concluded in May 2017, a $3 million seed investment round disclosed in February 2017, and roughly $5 million in additional equity financing distributed across six separate funding rounds.

The bankruptcy filing follows approximately nine months after Inveniam, a data infrastructure firm, revealed its planned acquisition of Storj Labs in October 2025. Inveniam has indicated its commitment to backing the company throughout the Chapter 11 restructuring proceedings.

Service Continuity Maintained Throughout Bankruptcy Process

According to Storj Labs, customers should not anticipate any service disruptions during the Chapter 11 reorganization. The decentralized network functions through independent storage node operators who receive STORJ token compensation for contributing storage capacity and bandwidth resources.

The company emphasized that the STORJ token maintains its functional purpose within the network ecosystem without changes. At the time of filing, CoinGecko data showed STORJ tokens trading near $0.072, with the announcement generating minimal immediate price volatility.

As part of the restructuring strategy, Storj Labs is streamlining its business operations. The company plans to divest previous acquisitions and non-core business units.

Equity Participation Proposed for Token Community

Management at Storj Labs has announced intentions to develop a framework enabling STORJ token holders to acquire equity stakes in the post-reorganization entity. The proposed ownership structure may include participation from existing management, current investors, community stakeholders, and potentially new capital partners.

Details regarding eligibility criteria, potential token snapshot requirements, lockup provisions, or the percentage of equity allocated remain undisclosed. Any restructuring plan requires approval from creditors and final authorization from the bankruptcy court.

This restructuring strategy contrasts with other recent cryptocurrency bankruptcy cases. Bitcoin mining operation Poolin, which similarly filed Chapter 11 in July, is proceeding with a court-supervised liquidation of its Texas-based mining facilities. Movement Labs submitted a Subchapter V filing in July, reporting potential liabilities as high as $10 million.

Storj Labs has yet to release a comprehensive reorganization blueprint, complete creditor listing, or finalized ownership terms. Additional court documents expected in coming weeks should illuminate the company’s total debt obligations and the specific framework for tokenholder participation.

The post Storj Labs Declares Chapter 11 Bankruptcy Despite $35M in Prior Funding appeared first on Blockonomi.

Key Takeaways

• XRP gained 1.07% to reach approximately $1.10 amid a broader cryptocurrency market rebound
• Exchange activity on Binance collapsed from approximately 650,000 to 350,000 transactions, hinting at potential accumulation phase
• XRP exchange-traded funds maintain $1.49 billion in total inflows despite zero net additions recorded on July 24
• Ripple introduced Ripple Mint on July 23, enabling financial institutions to handle RLUSD stablecoin operations
• Critical price levels under observation: $1.05 floor and $1.15 ceiling

XRP maintained a trading range between $1.09 and $1.10 while the cryptocurrency sector experienced renewed strength, pushing the aggregate market capitalization 0.9% higher to $2.21 trillion. Major digital assets including Bitcoin, Ethereum, Solana, and Dogecoin recorded similar upward momentum during this timeframe.

The market reversal coincided with strengthening U.S. equity markets as geopolitical concerns subsided and corporate earnings outlook improved. Investor risk appetite expanded across asset classes, providing a tailwind for digital currencies that had experienced recent distribution pressure.

XRP successfully defended a consolidation range spanning $1.06 to $1.09. Demand emerged at this threshold, creating a floor that prevented additional downside. Breaking above $1.10 positions the $1.13–$1.15 resistance zone as the next challenge for bulls.

Should XRP successfully breach $1.15, subsequent upside objectives include $1.24 followed by $1.28. Conversely, failure to maintain $1.08 would bring the $1.05 support level back into focus.

Exchange Transaction Volume Plummets, Pointing to Holder Confidence

Binance’s 30-day deposit and withdrawal volume contracted from approximately 650,000 transactions in June to roughly 350,000 currently. This pattern mirrors conditions observed before XRP’s substantial rally in October 2025.

Declining exchange transaction activity typically indicates reduced immediate distribution pressure. This behavior suggests market participants are retaining positions rather than transferring tokens to exchanges for liquidation.

The Network Value to Transactions (NVT) Ratio surged 144.21% within 24 hours, reaching 697.6 as XRP’s valuation expanded more rapidly than blockchain transaction volume. While this reflects increasing investor sentiment, it simultaneously raises considerations about whether valuation is advancing ahead of fundamental network utilization.

Funding rates increased 52.16% to 0.008685 across the past day. Positive funding indicates traders maintaining long positions are compensating short holders, demonstrating sustained bullish conviction without indicators of dangerous over-leverage.

Technical analyst ChartNerd (@ChartNerdTA) observed that XRP rebounded from ascending trendline support but requires a decisive break above Fibonacci resistance spanning $1.12–$1.13 to advance toward the recent $1.16 local peak. The analyst highlighted the daily 50-period moving average as an influential trend determinant.

Ripple Mint Platform Debuts Alongside Regulatory Progress

Ripple unveiled Ripple Mint on July 23, establishing an integrated solution enabling institutional clients to issue, redeem, and oversee RLUSD stablecoins through a unified interface. While the platform enhances Ripple’s institutional stablecoin capabilities, it does not create immediate XRP demand.

Regarding regulatory developments, the U.S. CLARITY Act maintains momentum through Congressional procedures. This legislation, endorsed by prominent institutions such as BlackRock, Charles Schwab, Fidelity, Goldman Sachs, and Grayscale, designated 16 cryptocurrency assets as digital commodities in March 2026. Nevertheless, the implementation timeline remains uncertain as lawmakers face an approaching Senate recess period.

XRP exchange-traded funds accumulated $1.49 billion in aggregate inflows, representing total net assets of $997.25 million. Bitwise commands the largest position with $312.85 million in net assets. All five trading funds registered daily contractions ranging from 1.33% to 1.58% on July 24, while recording zero new net capital inflows during that session.

The Relative Strength Index (RSI) registered near 47, positioned beneath the neutral 50 threshold, indicating bearish momentum has diminished though bullish forces have not established dominance. Price action continues consolidating within the $1.05 to $1.15 boundaries.

The post XRP (XRP) Price Analysis: Why Declining Exchange Activity Points to $1.30 Breakout appeared first on Blockonomi.

Key Takeaways

• BitMart has announced a complete shutdown scheduled for January 31, 2027
• Approximately $805,000 was withdrawn by just 58 wallets in the first 24 hours following the announcement
• The BMX token has plummeted 81.5% over seven days, currently hovering around $0.057
• CEO Nathan Chow claims he was not involved in the closure decision and learned of his termination on July 24
• The platform’s crypto holdings have declined from $102 million on July 6 to approximately $69 million

After nearly eight years in business, cryptocurrency exchange BitMart has begun its wind-down process. The platform halted new user registrations and deposits this past Saturday, with complete trading cessation planned for August 26, 2026. Final operations will conclude on January 31, 2027.

Following the halt of trading activities, users will retain login capabilities to access historical account information and initiate withdrawal requests.

While withdrawals remain technically operational, BitMart has cautioned that requests could undergo additional verification procedures. Enhanced scrutiny may include authentication of user identity, device verification, withdrawal address validation, transaction history review, and funds origin documentation.

Complaints about processing delays emerged almost immediately. According to blockchain analytics firm Lookonchain, merely 58 wallets successfully transferred approximately $805,000 worth of assets over a 24-hour period. The account noted an eight-hour timeframe during which zero withdrawals were completed.

Multiple users took to X to voice their concerns. One user described receiving an email confirmation for a USDT withdrawal that never materialized. Another account detailed a $30 test transaction remaining in pending status for more than half an hour. These allegations have not been independently confirmed.

BitMart has not issued a response to media inquiries regarding these issues.

Native Token Experiences Dramatic Decline

The BitMart platform token BMX was valued near $0.31 on Friday, prior to the public disclosure of the shutdown. By Monday, the price had collapsed to approximately $0.057, representing an 81.5% decline across a seven-day period.

Cryptocurrency holdings in wallets associated with BitMart totaled around $69 million on Monday, representing a significant decrease from the approximately $102 million recorded on July 6.

The shutdown appears to have caught company leadership off guard. In a statement on X, Global CEO Nathan Chow revealed that he received notification on July 24 regarding the termination of his employment, with immediate offboarding procedures to follow. Chow emphasized that he played no part in the wind-down determination and discovered the news simultaneously with the general public through the official announcement.

Chow advised users to trust exclusively verified official BitMart communications and urged prompt action in response to the closure notice.

Unexpected Turn of Events

The shutdown announcement arrives on the heels of what appeared to be a positive trajectory for the platform. BitMart’s semi-annual performance report, released earlier this month, highlighted 256% period-over-period expansion in its asset-management division. Chow had previously disclosed strategic initiatives to enter prediction markets and develop tokenized asset offerings.

Just months ago in June, BitMart celebrated obtaining an Australian Financial Services Licence and reported serving an international user base exceeding 13 million individuals across 180 nations.

The wind-down statement provided no rationale for this dramatic strategic pivot.

BitMart previously experienced a significant security breach in December 2021, resulting in a $150 million loss from compromised hot wallets. This closure follows closely behind BitMEX’s announcement just three days earlier regarding its permanent shutdown scheduled for September 23.

Binance co-founder Changpeng Zhao responded to the BitMart developments on X, characterizing it as “tough times (again).” He further observed that acquiring centralized exchanges presents substantial complexity, as purchasers may unwittingly assume security risks and vulnerabilities introduced by former management teams.

The post BitMart Exchange Shutdown Sends BMX Token Plunging 81% as Withdrawal Issues Mount appeared first on Blockonomi.

Bitcoin remained above $64,000 during the weekend and even climbed to just over $65,000 on Monday, which crypto analyst Doctor Profit has identified as a crucial buying zone.

He outlined the most significant range, which was strengthened by the presence of the 200-week moving average (MA200) running through its lower end.

Historic Buy Zone

The crypto asset has tested this area multiple times, and previous market cycles show that buying at or near the weekly MA200 has historically been profitable.

In his latest market update, Doctor Profit said this confluence has remained the foundation of his outlook since his earlier market pivot call. Rather than trying to identify the exact market bottom, the analyst said his strategy is centered on accumulating within a defined price range.

The focus should be on establishing an average entry between $54,000 and $64,000 rather than waiting for Bitcoin to print its absolute low. He added that even if BTC were to bottom near $54,000, achieving a long-term average entry around $58,000 would still represent a “phenomenal entry.”

“People who constantly wait for the exact bottom usually end up buying much higher, or not buying at all. I am not here to gamble on one perfect number. I am here to dominate the range, build a powerful average entry and position myself before the majority realizes the bottom is already behind us. Everyone who is ignoring this will lose.”

He described the current phase as a mid-term accumulation period that could take one to two months before its results become clear.

Looking ahead, this week’s Federal Reserve policy meeting is an important macro event for financial markets. He explained that market expectations currently imply a 65% probability of interest rates remaining unchanged and a 35% chance of a rate hike, while expectations for a September hike have climbed above 80%. This indicates growing caution among investors.

Next Bounce in Focus

Crypto trader Ardi said the current rebound could determine whether the crypto asset’s recent bullish pattern remains intact. He noted that every pullback within the recent trading range has followed the same sequence – a deep retracement, a full recovery, and then a higher high. As examples, he pointed to moves from $61,400 to $65,000 before retracing to $61,700, and from $61,700 to $65,500 before pulling back to $62,400.

Despite both rallies being almost completely retraced, Bitcoin recovered each time and eventually reached $67,000 last week. According to Ardi, if BTC fails to reclaim that local peak, it would be the first real sign that the pattern is breaking and bullish momentum is being absorbed by bears.

However, if it repeats the same behavior and breaks above $67,000, the trader said the bearish signal around that level would no longer be valid. This, in turn, could open the door for a larger expansion toward the $69,000-$70,000 range.

The post Bitcoin’s 200-Week MA Is Back in Play: Why It Matters for BTC’s Price appeared first on CryptoPotato.

Ripple and the wider XRP ecosystem saw several noteworthy developments over the past few days.

These included, but are not limited to, a new institutional platform for the RLUSD stablecoin, an investment in payments infrastructure, fresh Binance incentives, rising AI-agent activity, as well as continued demand for spot XRP ETFs.

The following breaks down the most important latest Ripple news and an update on XRP’s price action and the levels that traders currently monitor.

Ripple Launches Institutional RLUSD Platform

The firm launched Ripple Mint on July 23rd.

It gives institutional customers a single point to mint, redeem, bridge, and manage Ripple USD (RLUSD).

Companies can now use a standard interface or, alternatively, they can connect their internal systems through APIs and webhook notifications. The launch targets businesses that need automated stablecoin access for payments, treasury management, and trading operations.

Ripple Invests in Notabene

The company also announced a strategic investment in Notabene – a well-known compliance infrastructure provider.

Both firms plan to integrate RLUSD into Notabene Flow. This is a business-to-business stablecoin payments platform.

According to the announcement, Notabene’s network connects over 2,300 institutions across more than 100 jurisdictions and processes about $2 trillion in annualized transaction volume.

The agreement is aimed at giving RLUSD wider access to regulated payment providers and financial institutions.

XRP Ledger AI Transactions Pass a New Milestone

The XRP Ledger surpassed 1.4 million transactions initiated by AI agents on July 22nd.

Data from the XRPL AI Hub showed over 1.4 million agent-driven transactions and 129 participating merchants at the time of the report. The milestone followed Ripple’s launch of an AI starter kit in June, which is designed to help developers build automated payment applications on XRPL.

The numbers also suggest that developers are testing the network for machine-to-machine payments, as well as for other automated transactions.

Binance Introduces RLUSD and XRP Rewards

Binance announced new incentives for RLUSD users.

The exchange pointed out that the variable return for eligible holdings has reached 22.25%. Users who hold or trade RLUSD through Binance Earn and Margin products can also receive weekly rewards in XRP.

It’s important to note that the rate remains variable and can change depending on current market conditions and user participation.

XRP Price Action: Levels to Watch

As we pointed out in our most recent XRP technical analysis, the cryptocurrency trades around $1.10 after approaching $1.16 earlier in the week. This means that most of the gains made during the recent recovery are pretty much gone.

The cryptocurrency remains in a broad descending channel, meaning that the trend is negative and a break above certain levels has to happen for it to reverse.

Traders are currently watching $1.18 as the first line of resistance. A rejection there could extend the broader downtrend.

However, it’s also worth noting that buyers previously managed to defend the $1.02 – $1.04 zone of demand, which was a show of strength. That area has to hold to prevent a crash below $1. The biggest resistance in the short-term stands at $1.28.

The post Ripple (XRP) News and Price Update: July 27 appeared first on CryptoPotato.

The co-founder of BitMEX, which recently announced its upcoming closure, continues with his substantial Ethereum purchases as the asset has suddenly become a fan favorite.

ETH has gained momentum over the past few weeks, trading close to $2,000 for the first time in months. Naturally, big price predictions have started to reemerge.

Hayes Adds More

Arthur Hayes has demonstrated a slightly controversial behavior toward the largest altcoin in the past month or so. As reported just a few weeks ago, he disposed of his entire stash for more than $10 million at average prices of under $1,700. The problem was that he accumulated this fortune at prices of over $1,900.

Once the cryptocurrency rebounded and flew past $1,900 later in the month, Hayes started to reaccumulate. Data from Lookonchain shows that he has spent roughly $7.5 million since July 15 to purchase a total of 3,915 ETH.

The latest buy came hours ago, in which he splashed $1.2 million to add 645 tokens to his stash. Interestingly, his average accumulation price is still just over $1,900 per ETH.

Arthur Hayes(@CryptoHayes) bought another 645 $ETH ($1.2M) 9 hours ago.

Since July 15, Arthur Hayes has bought a total of 3,915 $ETH ($7.47M) at an average price of $1,909 and is now down ~$113K.https://t.co/gau6egd7Vm pic.twitter.com/920H4QhaHe

— Lookonchain (@lookonchain) July 26, 2026

$4K ETH?

Doctor Profit is a popular crypto analyst who nailed some of the recent corrections, including the big crash from $126,000. Now, though, he appears to have changed his tune, becoming a lot more bullish on the entire industry. Interestingly, his bullish outlook has translated mostly to Ethereum.

In a post from earlier today, he explained that ETH has become a larger portion of his crypto portfolio than BTC for the first time ever.

“In previous cycles, ETH represented only around 10% of my BTC and ETH portfolio. Last week, I increased it to 20%. Today, I am raising it to 60%. Read that again: for the first time in my entire trading history, I will hold more Ethereum than Bitcoin for this cycle.”

His full explanation of why will be “shared in the right moment.” However, in another post, he predicted that the largest altcoin can rally to $4,000, which has propelled this “extreme” bet on ETH.

$ETH: Who is ready for $4000 ?

For the first time, I bet EXTREME on ETH pic.twitter.com/wbHC9UbsMh

— Doctor Profit (@DrProfitCrypto) July 26, 2026

The post Arthur Hayes Bets Even Bigger on Ethereum as $4K Calls Grow Louder appeared first on CryptoPotato.

Crypto markets have ticked up this Monday morning as investors brace for a volatile week ahead, with all eyes on the US central bank. Meanwhile, Iran said it will halt its attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday.

The US paused its bombing campaign on Friday following 13 nights of intensifying airstrikes. The development has caused a dip in oil prices and a jump in US stock futures and crypto markets.

Economic Events July 27 to 31

July’s Consumer Confidence data is due on Tuesday, which reflects how consumers are spending. This is followed by the week’s big event on Wednesday when the Fed announces its rate decision and Fed Chair Kevin Warsh holds a press conference, setting policy direction.

The meeting comes amid growing uncertainty about tech sector valuations, AI infrastructure spending, and economic growth trajectory amid a backdrop of inflationary pressures.

The market “feels very frothy,” Kristina Hooper, chief market strategist at Man Group, told Reuters. “Investors are, to a certain extent, walking on eggshells, and they’re more likely to react negatively to any signs of imperfection.”

Odds of rates remaining the same have fallen to 63.7% on the CME Fed watch tool, which now predicts a 36.3% chance of an increase.

July’s PCE inflation data is due on Thursday, followed by the Michigan Consumer Sentiment data and Inflation Expectations data on Friday.

Key Events This Week:

1. Markets React to US/Iran Pausing Strikes – Today, 6 PM ET

2. July Consumer Confidence data – Tuesday

3. July Fed Interest Rate Decision – Wednesday

4. Microsoft, $MSFT, Meta, $META, Report Earnings – Wednesday

5. July PCE Inflation data – Thursday…

— The Kobeissi Letter (@KobeissiLetter) July 26, 2026

Meanwhile, more than 15% of S&P 500 companies, including Microsoft, Meta, Apple, and Amazon, are reporting earnings this week.

Crypto Market Outlook

Crypto markets have moved higher over the weekend, with total capitalization ticking up to $2.3 trillion on Monday morning in Asia.

Bitcoin moved up 1% on the day to tap $65,500 in early trading before a minor retreat. The asset is still facing heavy resistance above $66,000, which has kept it range-bound for almost two months.

Ethereum has made a bigger 3.5% move to hit a seven-week high of $1,960, but it also faces resistance at this level and hasn’t been over $2,000 since June 2. Only a handful of altcoins were moving, and these included Zcash, Chainlink, and Uniswap, while Monero had lost 4%.

The post 4 Things That May Move Crypto Markets This Week as Fed Rate Hike Odds Increase appeared first on CryptoPotato.

Robinhood Chain has become the leading blockchain by real-world asset (RWA) holder count. This comes less than a month after its public mainnet launch, and it marks a massive milestone in the company’s push into on-chain finance.

The network is an Ethereum layer 2, and it went live on July first. So far, it has surpassed established ecosystems despite its relatively short operating history, at least in this domain.

Retail Distribution Becomes Robinhood’s Main Advantage

Unlike many blockchain projects that first focus on crypto-native users, Robinhood entered the industry with millions of existing brokerage customers. That distribution is obviously translating into rapid adoption of real-world assets (RWAs).

Data from RWA.xyz shows that Robinhood has accumulated almost 330,000 RWA holders, alongside $24.12 million in distributed asset value and over $20 million in represented asset value. The network hosts around 1900 tokenized assets, while monthly transfer volume stands at $750 million at the time of this writing.

Second in line by this metric is Solana, followed by Plume, Ethereum, and BNB Chain.

It’s worth noting, however, that Ethereum dominates when it comes to total value. Almost $18 billion worth of RWA assets are hosted on the network. Second in line is BNB Chain, followed by Solana.

This milestone comes as the platform continuously expands its tokenized stock offering across Europe. The network was designed specifically for regulated financial assets rather than general-purpose DeFi, which allows users to trade tokenized US equities and ETFs around the clock. Transactions are settled on Ethereum through Arbitrum technology.

Early Success Driven Not Only by RWAs

Still, it’s interesting to note that tokenized assets are not yet the chain’s dominant activity driver.

Meme coin trading currently accounts for the majority of decentralized exchange volume. Tokenized stocks represent only a small portion of on-chain value today, although the company views them as the network’s long-term differentiator. Recall the frenzy surrounding the viral meme coin CASHCAT – a cryptocurrency that exploded in value in a few short days only to plummet almost immediately after, leaving stories of overnight millionaires and missed fortunes altogether.

Stablecoins are also growing on the network, noting a 22% increase in their market capitalization, currently pushing $500 million, according to DeFiLlama.

The post Robinhood Chain Becomes Largest Blockchain by RWA Holder Count appeared first on CryptoPotato.