Business & Technology
Business and technology in crypto means the companies, infrastructure, and product moves that aren't pure protocol news. LeoDex News covers exchange business (earnings, executive moves, IPOs, geographic expansion), mining stocks (RIOT, MARA, IREN, CleanSpark), Layer-1 infrastructure providers, partnerships and acquisitions, gaming and NFT platforms with real users, and the wider Web3 product landscape.
We track the strategic moves: which exchange is winning institutional flow, which custodian is taking share, which infra provider quietly powers a category, which product launches are real and which are vapor. Skip the press-release noise — read what's actually shipping and who's actually using it.
Latest in Business & Technology
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Gulf oil producers invest billions in pipelines to bypass Strait of Hormuz
Saudi Arabia and the UAE are funding new pipeline infrastructure to create alternative routes for oil exports, reducing reliance on the Strait of Hormuz amid geopolitical tensions that threaten one of the world's most critical energy chokepoints.
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Kraken Parent Payward Expands xStocks to Hong Kong, UK, Europe
Payward, the parent company of Kraken, teamed up with fintech GTN to bring xStocks—blockchain-backed tokenized equities—to Hong Kong, the UK, Europe, and South Korea. The product, which launched in June 2025, has already processed over $35 billion in transaction volume.
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Bitwise CIO: Hyperliquid and Robinhood lead next crypto cycle
Bitwise Chief Investment Officer Matt Hougan said Hyperliquid and Robinhood could emerge as leading beneficiaries of the next crypto bull market, driven by the convergence of traditional and onchain finance rather than speculation alone.
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SpaceX shares fall below $135 IPO price as tokenized equity volumes surge
SpaceX stock fell below its $135 IPO price on July 15 after peaking at $225.64 in June, wiping $1.4 trillion in market cap. Tokenized equity trading surged 145% to $3.86 billion, with SpaceX tokens driving 31% of activity.
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Dogecoin Co-Founder Markus Opposes Merge Mining Removal
Billy Markus, Dogecoin's co-founder, has criticized proposals to end merge mining with Litecoin, arguing the change would solve no real problem and undermine a decade-old security arrangement that protects DOGE from 51% attacks.
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Coinbase CEO Armstrong Rejects AI Mining Exodus Theory
Coinbase CEO Brian Armstrong pushed back against billionaire Chamath Palihapitiya's prediction that AI profits will drain Bitcoin miners, arguing the network's automatic difficulty adjustment and global monetary policy—not electricity costs—determine Bitcoin's price.
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Pau Cubarsí's World Cup Young Player Award Boosts Chiliz Fan Token Trading
Barcelona center-back Pau Cubarsí won the FIFA Young Player of the Tournament at the 2026 World Cup, sparking increased trading activity across Chiliz fan tokens and digital collectibles platforms including Sorare and Panini NFTs.
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Nvidia invests $6.5B in silicon photonics to solve AI cluster bandwidth limits
Nvidia has invested over $6.5 billion in silicon photonics companies since March 2026, signaling a fundamental infrastructure shift as AI training clusters push hundreds of thousands of GPUs beyond the bandwidth capacity of traditional copper wiring.
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ECB Warns Stablecoins Could Drain Bank Deposits, Pitches Digital Euro
Piero Cipollone, an executive board member of the European Central Bank, warned that stablecoins pose a structural threat to banks' retail deposit base, citing a three-layer erosion from mobile payments, digital startups, and crypto tokens. The ECB is pitching a digital euro as the answer.
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XRP Ledger Surpasses 140,000 Active Users Amid Price Consolidation
The XRP Ledger recovered to 141,800 active addresses after a mid-July decline, signaling sustained network health despite XRP trading near $1.08 with mixed technical signals.
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Visa Launches Stablecoin Platform for Banks and Fintechs
Visa introduced a stablecoin platform enabling financial institutions to issue, hold, and transfer stablecoins through its payments network, supporting Open USD, USDC, and USDG at launch.
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MoneyGram Joins Stellar as Tier 1 Validator, Deepening Blockchain Ties
Payments giant MoneyGram has joined the Stellar network as a Tier 1 validator, marking a deepening of its blockchain infrastructure partnership. Figure Markets and Range will also begin operating validators by mid-August.
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DTCC Launches Tokenized Stock Pilot With BlackRock, Goldman, JPMorgan
The Depository Trust & Clearing Corporation is testing blockchain-based versions of stocks, ETFs, and U.S. treasuries with nearly 40 financial institutions, targeting a scalable launch in October.
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BNB Chain Completes 36th Quarterly Burn, Destroying $932M in Tokens
BNB Chain completed its 36th quarterly token burn, sending 1,615,827.795 BNB to dead wallets worth $931.7 million. The burn reduces total supply toward a target of 100 million BNB via an auto-burn system adjusted quarterly by price and block generation.
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Noxa shuts down after $12M fee haul, CASHCAT crashes 33%
Robinhood Chain's largest token launchpad Noxa stopped operations after accumulating roughly $12 million in fees, citing low-quality tokens, and announced it would redirect all future revenue to creators. CASHCAT, the memecoin that built Noxa's reputation, dropped 33% in 24 hours following the shutdown.
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Circle's $1.4B Coinbase payout exposes USDC stablecoin cost pressure
Circle paid Coinbase $1.4 billion in distribution costs in 2025, up 51% from the prior year, even as USDC circulation surged 72% to $75.3 billion. The payout consumed half of Circle's total revenue, raising questions about the sustainability of its partnership model.
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Ripple Joins Linux Foundation's x402 Initiative for AI Payments
Ripple has become a premier member of the Linux Foundation's newly launched x402 Foundation, integrating XRP and RLUSD into an open-source payment standard designed for autonomous AI transactions.
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Solo Bitcoin miner nets $200K with $150 Bitaxe in 8-hour run
A hobbyist using a $150 open-source ASIC miner struck Bitcoin block 957,382 in just eight hours on Public Pool, earning 3.1382 BTC worth approximately $200,000. Solo mining has surged 41% year-over-year, with 24 blocks claimed in the past 12 months.
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2026 World Cup records highest goals-per-game rate since 1970
The 2026 FIFA World Cup has averaged 2.9 goals per match across its first 100 games, marking the most goal-rich tournament since 1970. Simultaneously, crypto integration through Kraken, Avalanche blockchain tokens, and fan token platforms is reshaping how fans engage with the sport.
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Binance.US CEO targets 20% market share as exchange exits regulatory hibernation
Binance.US CEO Stephen Gregory says the exchange is rebuilding after two years of regulatory headwinds, betting on lower fees and expanded products to compete with Coinbase and Kraken for U.S. customers.
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Robinhood Chain hits top-five DEX volume in debut week
Robinhood Chain, an Ethereum layer-2 blockchain launched July 1, generated $3.1 billion in decentralized exchange volume in its first week and attracted 65,000+ users, Bernstein analysts said Monday. The early surge reflects growing interest in tokenized asset infrastructure, though memecoin trading has dominated early activity.
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Binance Founder CZ Clears Meme Coin Rumors After $1.6M Spam Token Burn
Changpeng Zhao denied supporting meme coins on BNB Chain, explaining that recent large transfers from his wallet were routine cleanups of spam tokens sent by third-party projects over years.
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BNB Chain targets 1M TPS with AI agents as token hits 2024 lows
BNB Chain is overhauling its architecture to process 1 million transactions per second and integrate protocol-level privacy, targeting traditional finance and autonomous AI agents. The pivot comes as BNB token has fallen more than 35% this year to $563, its lowest since October 2024.
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Stablecoin-settled TradFi perpetuals hit $1.1 trillion in H1 2026
Stablecoins have become the primary settlement layer for tokenized traditional finance derivatives, with TradFi-linked perpetual contracts reaching $1.1 trillion in trading volume and accounting for roughly 11% of all crypto perpetual activity in the first half of 2026.