Market Intel
Revolut Freezes USDT Deposits in Europe With 30 Days Left on the MiCA Clock
Revolut stopped accepting USDT deposits on July 30 for its more than 75 million users, leaving 30 days until the August 31 full delisting under MiCA.
Shopify Payments Switches On USDC Checkout on Arbitrum for 480 Wallets
Shopify Payments now accepts USDC on Arbitrum with no buyer gas fees, extending stablecoin checkout to a fifth network and roughly 480 supported wallets.
CoinDesk 20 Books 8.7% July Gain Even as BTC and ETH Fade on the Last Day
Bitcoin closed July 31 at $63,870 and Ether at $1,890 after a 1.3% and 1.4% intraday slide, but the CoinDesk 20 still posted its largest monthly advance in a year at 8.7%.
Three Fed Dissents, One Rate Hold, and a $32.1M Bitcoin ETF Flip on the Same Day
The FOMC kept rates at 3.50% to 3.75% on July 29 in a 9-3 vote, the first triple hawkish dissent since 2016, and by July 31 spot Bitcoin ETFs had booked $32.1 million of net inflows.
GRVT Jumps 62% on Debut as ZKsync DeFi Token Lands on Six Exchanges at Once
GRVT closed its first full trading day up 62.44% at $0.2436 on $246.2 million in volume, one day after a multi-exchange launch that put the ZKsync Validium based DeFi token on Binance, Bybit, MEXC, KuCoin, Bitget, and Coinbase deposits at once.
A 2021 Firmware Bug Just Cost Coldcard Users 594 BTC in a 25 Minute Sweep
A build setting introduced in Coldcard firmware 4.0.0 back in March 2021 quietly turned hardware seeds into guessable ones, and attackers drained 594 BTC (about $38 million) in a single 25 minute window.
Bitcoin ETFs Pulled In $233M on July 30. Ethereum Got $12.8M. The Gap Is the Story.
BlackRock's IBIT alone took $183.4 million in a single session while Ethereum's entire spot ETF complex managed a fraction of that, extending a rotation pattern that has held for most of July.
5,600 AI Agents and $200M in Volume: Robinhood's L2 Just Had the Fastest Startup
Virtuals Protocol crossed $200 million in agent trading volume on Robinhood Chain in under 30 days, with 5,600 agents deployed and $2.7 million raised for builders.
BNY Is Putting $8.6 Trillion in Fund Records On a Blockchain, Keeping the Old Rails Anyway
The 242-year-old bank is quietly rebuilding the plumbing behind 7.6 million fund accounts on-chain, with BlackRock and Baillie Gifford as anchor clients.
SEC Chair Atkins Says He Can Ship Crypto Rules Even If CLARITY Dies in Senate
SEC Chair Paul Atkins told CNBC his agency is 'ready, willing, and able' to issue crypto rules without the CLARITY Act if the Senate fails to pass it before the August recess.
Crypto Lost $1.1B in H1 2026 Across 212 Exploits, Blockaid Says
Blockaid's H1 2026 report counted 212 onchain exploits and $1.1 billion in losses, with Lazarus-linked actors driving 55% of the damage and 74% of thefts traced to compromised keys rather than smart contract bugs.
US Spot Bitcoin ETFs Bleed for a Fourth Straight Day Ahead of the FOMC Decision
US spot bitcoin ETFs shed $49.75 million on July 28, a fourth straight day of outflows, putting the category on track for the smallest monthly inflow total since the January 2024 launch.
Morgan Stanley Debuts MSSE and MSOL at 0.14 Percent, Lowest on the US Market
Morgan Stanley Investment Management listed MSSE and MSOL on NYSE Arca on July 28 at a 0.14 percent expense ratio, with staking rewards passed through to shareholders.
South Korea's Biggest Bank Puts Corporate Dollar Payments on JPMorgan's Kinexys
KB Kookmin Bank, South Korea's largest lender, will use JPMorgan's Kinexys blockchain to move US dollar corporate payments across 10 country corridors starting in August 2026.
Russia's Biggest Bank Is Building a Crypto Exchange Before the Law Exists
Sberbank set a December 1, 2026 launch date for a full crypto trading stack including a digital depository, moving faster than the State Duma's July 21 bill that has not yet been signed into law.
North Korea's Best Crypto Hackers Now Vet You Before They Rob You
BlueNoroff's phishing kit scans your browser for wallet extensions during a fake Zoom or Teams call and only drops malware if you look worth it, hitting 100+ victims in 20+ countries between May 31 and July 14, 2026.
Solana Perp DEXs Cleared $183.2B in Q2, Up 42% From Q1
Jupiter, Drift and Zeta Markets drove Solana perpetual DEX notional volume to a record $183.2 billion in Q2 2026, a 42% quarterly jump reported by DefiLlama and Dune Analytics.
Fidelity Puts Its Digital Dollar on Ethereum, Issued Through an OCC Trust Bank
Fidelity confirmed on July 25 that FIDD, its dollar-backed stablecoin, will launch on Ethereum via Fidelity Digital Assets, an OCC-chartered national trust bank, redeemable 1:1 and backed by cash and short-term Treasuries under the GENIUS Act framework.
Attacker Prints 5.23M WEMIX$ From Thin Air, Forces a Full Network Halt
At 09:17 UTC on July 26, an attacker with admin rights over the WEMIX$ stablecoin contract minted 5,225,525 tokens (about $5.22M) and laundered roughly $724,198 in USDC.e across Ethereum and BNB Chain, prompting WEMIX to freeze bridges, DEX and marketplace trading.
Four DeFi breaches in one week, four different layers, one uncomfortable pattern
AFX bridge lost $24.15M to oracle abuse. Zilliqa's Ledger app leaked nonces. SecondFi's Cardano wallet exposed signing keys, draining $2.4M. Lien Finance's permissionless bond registration burned $542K. Four incidents, four layers, one blind spot in standard audits.
Humanity Protocol Unlocks 8.6% Of Supply Six Weeks After A $36M Exploit
On July 25, 2026, Humanity Protocol releases 266.47M H tokens worth roughly $15.6M, equal to 8.6% of circulating supply. The unlock spans community, team, investors, and reserve at once, weeks after a $36M exploit cut the token by 90%.
OCC Slams 30-Day Window on Stablecoin AML Rule, Bank Lobby Cries Foul
The OCC's GENIUS Act BSA/sanctions proposal closed July 24 after just 30 days. It treats permitted stablecoin issuers as banks under BSA, forcing Circle and future PPSIs to build full compliance stacks before charter approval.
LayerZero and Keeta to mint 9 bank-backed stablecoins across Ethereum, Solana, Base
LayerZero and Keeta plan nine fiat tokens backed by commercial bank deposits via Bivo. USD, EUR, JPY, CNY, GBP, CAD, MXN, AED, HKD move cross-chain through OFT burn-and-mint, with banks keeping freeze and pause control.
Lien Finance Let Anyone Register A Bond Group. One Malicious Payoff Drained $542K
Lien Finance lost 542,144 USDC on July 24 after an attacker registered a bond group with a rigged payoff. The pricing helper overvalued the crafted bonds and let the attacker mint and swap them for real USDC. No governance check gated the registration path.
Zilliqa Fixed 64 Bits Of The Nonce At Zero. SecondFi Left The Secret Out Entirely. Two Chains, Same Bug Class, One Day, Seven Years Of Signatures
On July 21 and 22, 2026, two independent wallet providers disclosed the same class of bug: nonce generation broken in a way that leaks private keys through public chain data. One drained 16.1M ADA. The other exposed every ZIL Ledger signature since 2019.
Samsung Just Put Circle USDC Inside Samsung Wallet On 1.2 Billion Galaxy Devices, And Shipped A Barclays Visa Credit Card At The Same Event
At Galaxy Unpacked 2026, Samsung wired a native Stablecoin account with Circle USDC into Samsung Wallet and launched the Barclays-issued Galaxy Card on Visa. One event, two payment rails, one billion-device distribution channel.
SecondFi Left The Secret Out Of The EdDSA Nonce. Every ADA Signature It Ever Published Handed The Private Key To Any Chain Observer. 16.1M ADA Gone
SecondFi's Cardano wallet client derived its Ed25519 signature nonce from only the public transaction hash, omitting the secret half RFC 8032 requires. Every signed transaction leaked the private key to any chain observer. 16.1M ADA drained from 374 wallets over four events.
Zilliqa's Ledger App Fixed The Top 64 Bits Of Every Nonce At Zero For Seven Years. Five Signatures Are Enough To Recover The Private Key
Zilliqa halted native transactions on July 21, 2026 after confirming its Ledger app has generated Schnorr signatures with the top 64 bits of the ephemeral nonce fixed at zero since 2019. Five signatures are enough to recover the private key via a lattice attack.
BitMEX Invented The 100x Perp Then Killed It. HDR Is Winding Down 11 Years Of Derivatives Volume By September 23
HDR Global will shut BitMEX on September 23, 2026 after a board review. The exchange that invented the perpetual swap is exiting exactly as Binance, OKX, Hyperliquid and Bybit push derivatives ADV to record levels. New positions are already halted.
3 Bridges Lost $35M Yesterday Without A Single Solidity Bug. The 2026 DeFi Threat Model Stopped Fitting The Audit Report Months Ago
In May 2026, compromised keys overtook smart contract exploits as the leading DeFi attack vector by incident count. The July 22-23 bridge losses of $35.55M confirm it. What audits certify is no longer what protects LP capital, and $840M is already gone this year.
Ostium's Oracle Signer Key Signed A Future-Dated Report, Looped It 20 Times, Drained $24M From The OLP Vault
An attacker with Ostium's oracle signer key submitted a future-dated price report through the PriceUpKeep Forwarder, looped ~20 delegated trades, and drained roughly $24M from the OLP vault. TVL fell from $32.7M to $9M. The smart contracts did exactly what they were told.
B² Network Skipped The Whitehat Bounty Script And Offered The $3.86M Attacker Outright Legal Immunity For A Partial Refund
B² Network lost 8.59M B2 (~$3.86M) after an attacker compromised the upgrade authority on its staking contract. Funds moved B2 to BNB to ETH, then through NEAR Intents into Zcash. B² responded with a legal immunity offer, not a standard whitehat bounty.
Verus Redeposited $11.56M Into The Bridge That Just Got Drained. Two Weeks Later An Attacker Emptied It Again For $7.54M
Verus refunded its bridge on July 8 after the May exploit. Fourteen days later a different attacker drained $7.54M through the same forged import path bug class. Blockaid flagged the entry vector as identical. Post-incident review missed the class.
AFX Trade Called Its Bridge A Multi-Sig. Five Hot Keys Signed $24.15M Of USDC Out In One Transaction
AFX Trade lost $24.15M USDC after five hot validator keys cleared the bridge's 2/3 quorum and authorized a single transfer. Funds were bridged to Ethereum and swapped for roughly 12,467 ETH. Arbitrum's native bridge was untouched.
Why $110M In A Morpho Vault Is Earning Yield From Businesses You've Never Heard Of
Sentora's PRIME vault on Morpho crossed $110M in PYUSD deposits by routing capital into real-world credit markets, not leveraged crypto borrowers. The yield is uncorrelated with crypto volatility, which is why treasury desks are showing up.
42DAO's Own Oracle Signed Off On A BTCB Print That Let An Attacker Mint 4.5 Million BLC From Nothing
An attacker poked 42DAO's Median Oracle on July 22, 2026, got a bad BTCB print accepted, and used it to mint 4.5M BLC from a null address on BNB Chain. The drain via PancakeSwap V2 hit $915K and the stablecoin collapsed 99% to $0.001209 in two hours.
Kraken Just Broke xStocks Out Of US Equities, And GTN Is The Pipe Nobody Talks About
Payward is putting Hong Kong stocks onchain through regulated broker GTN, with UK, EU and Korean shares queued behind regulatory approvals. The interesting part is not the tokens, it is the settlement plumbing crypto-native venues cannot skip.
Solana Validators Just Voted To Retire Proof Of History
Alpenglow passed with 98.3% approval, replacing Solana's founding consensus primitives with Votor and Rotor. Finality drops from 12.8 seconds to roughly 150 milliseconds and 75% of block space gets freed.
Peirce Just Drew A Line That Puts $8B Of DeFi Vaults On The Wrong Side
SEC Commissioner Hester Peirce said on July 22 that many DeFi vaults may qualify as securities depending on curator discretion, putting Coinbase and Robinhood yield products directly in the regulatory blast radius.
The Yield Under USDe Is Quietly Moving From Perp Funding To BlackRock's BUIDL
Ethena pushed USDe and sUSDe onto Monad through Aave, hitting $17.2M in 7 days via Stargate. The bigger shift is underneath, where yield is rotating from perp funding to RWA collateral.
Telegram Is About To Ship A Non-Custodial Wallet To A Billion Users With No Fee Model Explained
Pavel Durov confirmed a native non-custodial Gram wallet inside Telegram this summer for 1B+ users, promising zero-fee transfers. He did not explain who pays TON network gas or give a release date.
Jito Just Committed 80% Of A Real Product's Fees To JTO Burns Through 2027
JIP-38 passed on July 13, 2026, routing the entire 80% DAO share of JTX trading fees into a programmatic on-market JTO buyback and burn. The commitment runs at least through Q4 2027 with epoch-level transparency.
The Real Number In Aave's Avalanche Push Isn't The $300M, It's The $100B RWA Target
Aave V4 crossed $300M in deposits in July 2026 and AAVE rallied ~8% from around $88 to $96. The Avalanche deployment ties up to $15M in incentives to KPIs, not point farming.
Allbridge's Own 2023 Fix Would Have Blocked This Attack, But Solana's Pool Was Misconfigured
Allbridge paused Core after an attacker drained roughly $1.65M from Solana stablecoin pools using a Kamino flash loan. A post-2023 safeguard should have stopped the exact attack, but the Solana pool held both USDC and USDT.
Kamino Multiply Expands To New Solana Pairs, Making Levered LSD Yield A Two-Click Position
Kamino Multiply added new leveraged yield strategies on Solana LSTs and stablecoins. What used to require manually looping supply and borrow across Kamino Lend, MarginFi, or Solend is now a single-tx position with an oracle-managed liquidation buffer.
EigenLayer Slashing Goes Live: Restaked ETH Now Carries Real, Not Theoretical, Loss Risk
EigenLayer slashing is live on mainnet. Restaked ETH allocated to actively-validated services can now be cut for AVS-defined offenses. The abstract promise of restaking risk is now a concrete parameter LPs, restakers, and operators must underwrite.
Uniswap v4 Hook TVL Crosses A Threshold That Actually Matters: LP Strategies Are Now A Product Category
Uniswap v4 hook TVL has grown enough that hooks are no longer research toys. Dynamic-fee hooks, JIT-liquidity hooks, and range-order hooks are the first real product category built on the v4 primitive, and each type has a different LP risk profile.
Pendle Opens YT Markets On BlackRock ETHB Staking Yield, Splitting TradFi Yield For DeFi Traders
Pendle has listed principal token and yield token markets against the BlackRock ETHB staking yield stream, letting DeFi users buy fixed-rate ETH staking exposure or lever-long the future staking APY without touching a validator.
Ethena sUSDe Yield Compresses As Perp Funding Cools, ENA Basis Trade Loses Its Edge
sUSDe APY has compressed as global perp funding rates cooled through July, cutting the delta-neutral basis yield that funds Ethena. The stablecoin still holds peg, but the risk/reward of holding sUSDe versus SSR or T-bill vaults is now much tighter than at the March peak.
GMX Multichain Unlocks GM Pools Across Every Major EVM, Real Yield Follows
GMX is progressively opening access from Binance Chain, Berachain, Ethereum mainnet, Sonic, Linea, ApeChain, and more, exporting the GM pool primitive that already sends 63 percent of protocol fee revenue to LPs.
Binance Delistings Force LPs To Rethink Which Small-Cap Pools Actually Have Two Sides
Binance is delisting ALCX, ARDR, NFP, POND on July 10 and pulling five trading pairs including GMX/USDC and RUNE/BTC on the same date, citing insufficient liquidity and market quality. What happens next is LP-side, not spot-side.
Sky Savings Rate Sits At 3.75 Percent APY, Setting The DeFi Stablecoin Baseline
The Sky Savings Rate (formerly MakerDAO's DSR) is set at 3.75 percent APY for Q2 2026, funded by real-world assets, Spark borrow rate, and USDS stability fees, defining the risk-free floor for stablecoin yield in DeFi.
Every Orbit L2 Now Sends 10 Percent Of Fees Back To Arbitrum Treasury
Offchain Labs confirmed 10 percent of every Orbit-based Layer 2 fee (8 to ARB treasury, 2 to development) flows back to Arbitrum, on top of 100 percent of Arbitrum One's own fees. Robinhood Chain is the first at scale.
Lido Pipes wstETH Directly Into Robinhood, Opening Staking Yield To Retail
Lido enabled wstETH transfers directly to the Robinhood app on July 8, sending LDO up 16.79 percent and cementing Lido at 9.2 million ETH TVL, roughly 28 percent of all staked Ethereum.
BlackRock ETHB Goes Live With Staking as SEC Clears Yield Inside Ethereum ETFs
The SEC's March classification of 16 crypto assets as commodities has now translated into a live staking-enabled BlackRock Ethereum ETF (ETHB) and staking rewards paying inside Grayscale's ETHE.
Hyperliquid Now Runs 70 Percent of On-Chain Perp Volume and 9.3 Percent of Aggregate OI
Hyperliquid processed roughly 250 billion in 30-day perp volume and now commands 70 percent of all decentralized perpetual volume, with its share of aggregate perp open interest climbing to 9.3 percent.
Solana Owns 54 Percent of Global DEX Spot Volume as Raydium xStocks Volume Triples
Solana averaged 425 billion in monthly spot DEX volume across H1 2026, capturing 54 percent of global DEX share, and Raydium tokenized-equity volume tripled quarter over quarter.
Circle Gets OCC Trust Charter as USDC Hits 70 Percent of Stablecoin Volume
Circle received its OCC national trust bank charter on July 10, and USDC now runs 70 percent of adjusted stablecoin transaction volume, widening its lead over USDT for the first time in years.
Aavenomics 3.0 Hardcodes AAVE Buyback Into Protocol Revenue
Aave shifted its token buyback from a governance-controlled discretionary program into a hardcoded, protocol-level mechanism, permanently tying AAVE demand to actual protocol revenue.
500M USDC Minted On Solana Pushes Stablecoin Supply Past 8B
Circle minted 500 million USDC on Solana on July 14 in two 250 million tranches, pushing native USDC supply above 8 billion and reinforcing Solana's spot as the second-largest USDC chain.
Robinhood Chain Hits 3.9B DEX Volume as MetaMask Adds Support
Robinhood Chain saw 3.9 billion dollars in DEX volume on July 15, and MetaMask has officially added support for the Arbitrum Orbit L2 that launched mainnet on July 1.
Uniswap V4 Crosses V3 Volume For The First Time
Uniswap V4 has flipped V3 on daily trading volume for the first time since launch, a structural turn that pushes hook-enabled pools and tokenised real-world assets ahead of vanilla concentrated liquidity.
Aave Stable Vaults Push 20B Stablecoin Yield Engine Into Fintech Apps
Aave Labs launched Stable Vaults on July 9, letting fintechs, wallets and exchanges embed predictable USDC, USDT and GHO yield through a single Chainlink CCIP integration.
Aave V4 Launches on Avalanche With 15M in Foundation Incentives
Aave V4's first non-Ethereum deployment goes live on Avalanche, with the Avalanche Foundation committing up to 15M in milestone-based liquidity incentives to bootstrap the market.
Grayscale and Morgan Stanley file amended Solana ETF specs. The fee war starts before the product ships.
Grayscale updated its proposed Solana staking ETF with a 0.19 percent fee. Morgan Stanley amended its spot SOL ETF proposal with a 0.14 percent management fee. The pricing tells you exactly how competitive this launch window is going to be, and what it means for SOL exposure.
Solana's alt-stablecoin supply hit $3.8 billion. That is 15x January 2025. Here is where the LP alpha is.
Non-USDC and non-USDT stablecoins on Solana have grown from around $250 million in January 2025 to $3.8 billion in July 2026. The growth is not evenly distributed and neither is the LP yield. Here is which pools are earning and which are drying up.
GENIUS Act final rules hit today. What every stablecoin holder needs to check before Monday.
Six US federal agencies had until July 18 to publish final GENIUS Act stablecoin rules. The framework separates payment stablecoins from yield stablecoins, forces monthly attestations, and reshapes what a US holder can safely custody. Here is the practical portfolio checklist.
$1.6 billion in DeFi liquidity is idle. This is why your LP APR is a lie.
Dune research published on July 18 found that $1.6 billion in DeFi liquidity earned nothing in H1 2026. Around $542 million per week sat outside active price ranges. Here is why the APR you see quoted is not the APR you earn, and how to measure the difference.
Uniswap fee switch flips. Every V2, V3 and V4 LP gets a haircut, and UNI holders finally get paid.
Hayden Adams announced proposals on July 18 to turn on Uniswap protocol fees across V2 and V3 on Robinhood Chain and V4 across seven networks, with revenue routed to UNI burns. Here is what LPs actually pay, and what changes for allocators.
Morpho lands on Solana. What it changes for LP allocators.
Morpho, the second largest lending protocol on Ethereum, went live on Solana on July 9 via Sunrise. Here is what it actually means for LP allocators, borrow costs and how Koinlytics tracks the new surface area.
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