Topic: #finance
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Crypto Investors Shift to Fundamentals, Abandon Market-Cap Rankings
Industry executives say crypto investors are increasingly judging tokens on revenue, usage and value capture rather than market-cap rank, marking the end of the "CoinMarketCap leaderboard era."
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BlackRock launches tokenized money market funds in 15 European markets
BlackRock unveiled 12 tokenized share classes based on six money market funds totaling $311 billion in assets across 15 European markets, one day after expanding its U.S. tokenized cash platform.
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Apple kept fake Sparrow Wallet app on App Store after $875K theft report
A federal lawsuit filed in July alleges Apple failed to remove a fraudulent bitcoin wallet app from its App Store despite a customer reporting an $875,000 theft, resulting in a second user losing roughly $840,000.
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Perpetual Swaps: BitMEX's 2015 Innovation Dominates Crypto Trading
Perpetual swaps, which BitMEX launched in 2015, have become the dominant trading instrument in crypto, processing an estimated $40 to $50 trillion annually. The mechanism eliminates expiry dates and rolling requirements, allowing traders to hold positions indefinitely while funding rates keep prices aligned with spot markets.
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AMINA Swiss crypto bank explores public listing with Cantor
AMINA, a regulated Swiss digital asset bank, is working with Cantor to explore options for going public, though discussions remain ongoing and no final decision has been made. The bank is prioritizing strategic growth capital over a quick market listing.
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POSCO International tokenizes trade receivables on Injective
POSCO International, South Korea's largest trading company, is piloting blockchain-based tokenization of real trade receivables with LG CNS on the Injective network, marking a shift toward corporate use of on-chain settlement infrastructure.
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Robinhood Chain's tokenized stocks surge to $70 million in real-world assets
Real-world assets on Robinhood Chain jumped fivefold to $70 million, with a dozen tokenized stocks now clearing $500,000 daily. The chain's total value locked nearly tripled to $312 million since mid-July, though memecoins and stablecoins still dominate trading activity.
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BlackRock markets $12.3B bonds for Meta's 1-gigawatt El Paso data center
BlackRock is raising $12.3 billion in bonds to finance a data center campus in El Paso, Texas, anchored by Meta through an 80/20 joint venture structure that keeps capital expenditure off the social media giant's balance sheet.
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UK Digital Bond Pilot Needs Stablecoin for Instant Settlement
Britain's plan to test blockchain-based sovereign debt issuance in early 2027 hinges on resolving onchain cash settlement, a technical hurdle that's stalled institutional adoption of digital bonds for seven years.
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Jack Mallers Steps Down as Twenty One Capital CEO; Tether Merger Collapses
Jack Mallers resigned as CEO of Tether-controlled Twenty One Capital on July 20, 2026, as the company abandoned a proposed three-way merger with his bitcoin payments firm Strike and mining company Elektron Energy. Raphael Zagury replaces him.
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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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Crypto IPO market stalls as capital rotates to AI amid macro uncertainty
The crypto IPO market has cooled sharply as investors redirect capital to artificial intelligence and higher interest rates deter risk appetite. Regulatory clarity is no longer the primary obstacle; access to capital is, according to Cohen & Company Capital Markets' Christian Lopez.
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Grayscale CFO Edward McGee exits after seven years
Edward McGee, Grayscale's chief financial officer, stepped down effective July 2 after seven years at the crypto asset manager. His departure follows the exit of the firm's distribution head weeks earlier and comes as Grayscale pauses its IPO preparations.
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Banks Race to Become Stablecoin Gateways as Volumes Surge
Standard Chartered and BNY Mellon have announced direct institutional access to stablecoin minting and redemption, signaling a fundamental shift in how global systemically important banks view digital assets. Chainalysis projects stablecoin settlement volumes could reach a quadrillion dollars annually by 2030.
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A7A5 Russian stablecoin claims $34.4B volume, but analysts say it's inflated
A7A5, a sanctioned Russian ruble stablecoin, claims $34.4 billion in processing volume since January, but blockchain analysts say the token's actual activity is far lower and falling sharply, with circular transactions artificially inflating the figures.
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Robinhood Chain launches on Arbitrum for tokenized assets and DeFi
Robinhood officially launched the public mainnet for Robinhood Chain, a layer-2 blockchain built on Arbitrum, and rolled out new crypto products including decentralized lending and AI-powered trading tools.
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Heavy AI investors expand payrolls, Ramp study finds—not cutting jobs
A Ramp and Revelio Labs study of 21,559 U.S. companies found firms making the largest AI investments increased headcount by roughly 10% and entry-level hiring by 12%, contradicting widespread fears that generative AI is already driving white-collar layoffs.
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J.P. Morgan Expands Kinexys to Eight Currencies Across Asia-Pacific
J.P. Morgan added five Asia-Pacific currencies to its Kinexys blockchain settlement network, enabling institutional clients to move funds and manage foreign exchange 24/7 without relying on traditional banking hours or cryptocurrency infrastructure.
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Framework Ventures launches $400M fund for AI, robotics financing via blockchain
Framework Ventures, a crypto venture firm, announced a $400 million fund targeting blockchain-based financing for capital-intensive industries like AI and robotics, signaling a shift from crypto-native speculation toward real-world infrastructure funding.
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U.S. IPO market rebounds to $120B in 2026, but lacks dot-com excess
U.S. IPO issuance has rebounded sharply in 2026, with roughly 50 companies going public and $120 billion in deal value by midyear, but Goldman Sachs says the current surge lacks the speculative excess of the dot-com era. Crypto companies including Kraken parent Payward and Consensys have paused listings.
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Alchemy's AgentCard gains Visa network access for AI transactions
Alchemy's AgentCard integration with Visa Intelligent Commerce enables AI agents built on any model—including OpenAI or Anthropic—to make purchases on behalf of consumers while preserving card rewards and credit lines.
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Coinbase Launches Tokenized Stocks With Onchain Ownership and Dividends
Coinbase announced plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, allowing users to own and trade securities onchain while automatically receiving dividends. The move positions the exchange in a rapidly growing market that includes competitors Kraken and Robinhood.
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Perpetual futures poised to replicate spot Bitcoin ETF adoption surge in U.S.
Kraken's derivatives head John Palmer predicts perpetual futures will follow the same adoption curve as spot Bitcoin ETFs, starting with sophisticated traders and gradually moving to institutional asset managers. Kraken plans to launch perps on Kraken Pro within weeks.
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Citi launches blockchain product to tokenize private company shares
Citigroup unveiled Digital Depositary Receipts, a blockchain product that lets investors access private company equity through digital tokens recorded on Swiss market operator SIX's infrastructure.