Meta's AI glasses are arriving faster than regulators can respond. New York's courtroom ban highlights the growing privacy concerns that countries like Singapore may soon have to address.
The post Singapore’s AI Glasses Boom Meets a Privacy Reckoning appeared first on TechRepublic.
Meta's AI glasses are arriving faster than regulators can respond. New York's courtroom ban highlights the growing privacy concerns that countries like Singapore may soon have to address.
The post Singapore’s AI Glasses Boom Meets a Privacy Reckoning appeared first on TechRepublic.
June PPI came in at -0.3% month over month against a consensus of 0.0%, and 5.5% year over year versus an expected 6.2%. The downside surprise followed softer-than-expected CPI data, prompting investors to reassess expectations for the Federal Reserve’s rate cut policy.
The full June PPI breakdown from XTB shows PPI Core MoM at +0.2% versus +0.3% expected, and PPI Core YoY at 4.7% versus 5.1% expected. Every measure printed below the consensus.
— Coin Bureau (@coinbureau) July 15, 2026
U.S. PPI DATA IS OUT
HEADLINE PPI (YoY): 5.5 %
Forecast: 6.2% | Previous: 6.5%
CORE PPI (YoY): 4.7%
Forecast: 5.2% | Previous: 4.9%
Both headline and Core PPI comes in lower than expected, signaling easing inflation pressure.
After the market reacted sharply to yesterday’s… pic.twitter.com/nYtV1deB8q
Tuesday’s CPI data also surprised to the downside, with headline inflation falling 0.4% month over month against expectations for a 0.1% decline, cooling to 3.5% year over year from 4.2% in May. Core CPI was flat on the month and rose 2.6% annually.
The May context matters here. PPI reached 6.0% year over year in May, reinforcing concerns that inflation pressures were reaccelerating. June’s slowdown to 5.5% eased some of those concerns and encouraged investors to reconsider how restrictive Federal Reserve policy may need to remain.
According to Cryptonews analysis, markets are now likely to lean further into pricing a less aggressive Fed path, even as the central bank remains cautious about easing policy before inflation is firmly under control. That caution had weighed on risk assets, including crypto markets, and softer inflation data may help unwind some of that positioning.
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The dollar weakened modestly following the PPI release, consistent with historical patterns where softer producer prices reduce the case for a hawkish Federal Reserve. A softer dollar can also lower the opportunity cost of holding non-yielding assets, which has historically supported Bitcoin and other risk assets.
The latest CPI and PPI reports suggest inflation pressures eased in June after stronger readings in May. While the data points toward moderating price growth, it does not by itself confirm that inflation is on a sustained path back to the Fed’s 2% target.
$DXY is dumping after lower-than-expected CPI data.
— Wealthmanager (@Wealthmanager) July 14, 2026
This is highly bullish for risk assets like $BTC and equities. https://t.co/alcgFhoDYD pic.twitter.com/oC0wDscs1j
What it does not confirm is a guaranteed Fed rate cut in the near term. The Federal Reserve has repeatedly said it wants sustained evidence that inflation is moving toward its target before easing policy. One month of softer inflation may improve expectations for future rate cuts, but additional data will likely determine whether June marks the start of a lasting trend or a temporary slowdown.
For Bitcoin, the medium-term backdrop has improved as easing inflation reduces pressure on interest rate expectations. Whether that translates into a sustained rally will depend on upcoming inflation reports, Federal Reserve guidance, and broader market sentiment. Technical analysts covering BTC will now be watching whether the asset can build on the macro-driven move rather than fade as the next round of economic data approaches.
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Coinbase head of platform, Rob Witoff, said that the company estimates between 95% and 100% of its code is written by or with large language models. It is a figure that stood at 40% just five months ago in February. The jump represents one of the strongest public disclosures of AI adoption from a major publicly listed financial technology company.
Rob Witoff, Coinbase's Head of Platform, revealed in a Cointelegraph interview that AI now assists with 95%-100% of the company's codebase, climbing from 40% back in February. pic.twitter.com/Y7k9oknCRV
— Kyledoops (@kyledoops) July 15, 2026
Witoff described AI coding as effectively universal across the company, with employees using LLM-powered tools daily for drafting, refactoring, testing, reviewing, debugging, and generating boilerplate.
For sensitive infrastructures like cryptography and core security systems, Witoff acknowledged that human oversight remains central. Coinbase operates trading systems, custody infrastructure, wallets, compliance tools, and blockchain integrations where software errors carry direct financial and regulatory consequences.
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The disclosure follows Coinbase’s May 2026 restructuring, which cut approximately 14% of the company’s workforce, or around 700 employees. CEO Brian Armstrong linked the change to AI, saying AI had “dramatically” changed how work gets done and that Coinbase needed to return to startup speed with AI at its core. Armstrong also stated that engineers were using AI to accomplish in days what previously required entire teams working for weeks.
Coinbase’s earlier estimate in February was that AI was involved in about 40% of its code, and the company says it has since moved to nearly all-code AI assistance in a matter of months.
Supporters argue that AI-assisted development could improve COIN’s operating leverage if a smaller engineering team can ship and maintain products at equivalent or greater velocity.
Under that scenario, margins could improve while development cycles become shorter. What remains unquantified is the long-term maintenance and security cost of running financial infrastructure increasingly developed with AI assistance, a variable that critics argue the industry has not yet stress-tested at scale.
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The term vibe coding describes developers accepting AI output with minimal scrutiny. Coinbase’s model, as Witoff described it, emphasizes supervised AI assistance rather than unreviewed production output: AI can be used for drafting, refactoring, testing, reviewing, debugging, and generating boilerplate, while engineers remain responsible for oversight and deployment in production environments.
That nuance is easy to lose in the headline number. Coinbase’s claim is that code is written by or with LLMs, with engineers retaining responsibility for oversight and deployment. The adoption of AI tools across the crypto industry continues to accelerate, while formal guidance and governance frameworks are still evolving.
Coinbase Shifts Nearly All Coding To AI After 700 Layoffs
— BSCN (@BSCNews) July 15, 2026
Coinbase says AI now helps write between 95% and 100% of its code, up sharply from 40% reported in February.
Head of Platform Rob Witoff said nearly every employee uses AI daily. Engineers now run multiple AI agents… pic.twitter.com/olSb5UPxHj
Coinbase adoption curve, from experimental productivity tool to near-universal operating model in under a year, mirrors the pattern seen at AI-native startups, but at the scale of a regulated, publicly listed exchange.
The competitive implication for peers is not trivial: a crypto exchange that can prototype, iterate, and ship with fewer employees has a structural speed advantage in a market where product velocity directly correlates with user acquisition and trading volume.
The layoffs complicate the narrative. Connecting 700 job cuts to AI productivity gains is exactly the kind of framing that draws regulatory and political scrutiny. Today, Armstrong has leaned into it explicitly rather than softened the connection.
For now, the primary variable is whether Coinbase’s supervised AI-assisted model holds up at scale, and whether the company’s security and reliability record supports the productivity claims once audited under pressure.
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The post Brian Armstrong Reveals Coinbase is 95% Vibe Coded By AI appeared first on Cryptonews.
SWIFT moved its blockchain-based shared ledger into live operational use, naming 17 pioneer banks for 24/7 tokenized cross-border payments. Its payments framework lists more than 30 institutions with existing Ripple XRP ties.
BREAKING: Banks are no longer fighting blockchain, they're building on it.
— Crypto Rover (@cryptorover) July 11, 2026
Swift is launching a blockchain-based ledger with 17 banks testing 24/7 tokenized cross-border payments.
Built on Hyperledger Besu and Chainlink CCIP.
The race is on. pic.twitter.com/DsVAIpbdmt
The SWIFT pilot is nine months in the making and represents a decisive escalation from prototype to production. The 17 pioneer banks are live on a blockchain-based shared ledger that coordinates tokenized deposits rather than public cryptocurrencies, giving the participating institutions 24/7 settlement capability.
SWIFT’s native ledger settles in tokenized bank deposits, not XRP. The token is not embedded in the standard payment flow and is not required in SWIFT’s native ledger/payment flow.
However, the indirect connection runs through Ripple’s On-Demand Liquidity product, which uses XRP as a bridge asset for instant settlement, but that route depends on how banks deploy Ripple’s liquidity services.
What the SWIFT move does confirm is that the financial industry’s direction of travel aligns with the model Ripple has been building toward for years: always-on, programmable settlement that eliminates pre-funded nostro accounts in each destination currency.
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The more than 30 banks named in SWIFT’s wider payments framework with existing Ripple relationships are a set beyond the 17 live pilot participants. The overlap is not specified. Being listed in SWIFT’s framework does not mean those institutions have activated ODL or routed any liquidity through XRP.
Many currently use RippleNet purely for messaging, without touching the token. The upgrade path from messaging to liquidity provisioning is where actual XRP demand materializes, and that transition remains at the bank’s discretion.
Ripple continued the pause of programmatic sales, focusing solely on its over-the-counter (OTC) sales as part of providing increased XRP liquidity to RippleNet's ODL "Ripple Payments" customers. This added liquidity is vital as ODL continues to evolve and expand into new… https://t.co/Pv4jpc5dWH
— CharuSan XRP (@CharuSan83) July 2, 2026
SWIFT has also signaled its next phase explicitly, describing its ambition to become a platform for programmable money and agentic commerce. SWIFT is aiming for a world where payments execute automatically when conditions are met without manual authorization per transaction.
Ripple’s institutional positioning has been reinforced in parallel. The company joined SWIFT earlier in 2026, enabling direct global bank access and unified management of fiat and crypto flows. It has also partnered with Kyobo Life Insurance for real-time tokenized government bond settlement.
Ripple’s institutional credibility has benefited from regulatory engagement in Europe, a prerequisite for the institutional adoption the SWIFT partnership.
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The SWIFT development is a credibility event for Ripple’s ecosystem, not a demand event for XRP. The token’s upside from here is conditional on whether banks use On-Demand Liquidity routes using XRP in live payment corridors, creating real settlement demand. Without that, the SWIFT-Ripple connection remains structural alignment rather than token adoption.
Near term, the case hinges on institutions moving beyond messaging into using XRP-enabled liquidity for tokenized cross-border payments. Ripple’s parallel institutional build, including its positioning on the UK’s wholesale digital markets taskforce, suggests the regulatory environment is moving in the right direction for that decision to become easier.
XRP’s fate tracks Bitcoin’s strength and broader altcoin sentiment. A sustained rise in Bitcoin dominance above 59% would likely extend pressure on XRP and other alts; the cleanest signal is that dominance staying elevated. The SWIFT narrative is real Ripple structural progress, but structural progress that does not yet mandate XRP demand trades differently from one that does.
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The post Ripple XRP Gains Attention After SWIFT Blockchain Expansion appeared first on Cryptonews.
Telegram users woke up to broken t.me links after the platform’s short domain became unreachable, disrupting invites, public channels, and bot links across the web. At the same time, the Bitcoin and Ethereum price remains under pressure as we all wait for cooling signs on tensions between the US and Iran. Together, the outage and geopolitical uncertainty are being disruptive to crypto markets.
JUST IN: Trump has told Congress the US is in a "new war" with Iran, starting a new 60-day war clock, per Politico.
— Coin Bureau (@coinbureau) July 14, 2026
The Iran War is officially back. pic.twitter.com/Frwmm13rvT
The problem centered on Telegram’s t.me domain after it entered serverHold status, preventing DNS resolution for web links. As of now, users trying to open channel invites or bot pages were met with browser errors, although the Telegram app continued working normally through direct connections.
It is reported that users can still search for channels inside the app or use full telegram.org links where available. However, so far, only Pavel Durov has asked for the registry to look into this, and neither Telegram nor the domain registry has explained the issue.
Hey @domainME, https://t.co/9z6UC2o37U links stopped working. Can you look into it?
— Pavel Durov (@durov) July 14, 2026
The disruption landed at an awkward time for crypto communities. Telegram remains the primary communication hub for many token launches, trading groups, and project announcements. When those links disappear, onboarding slows, announcements become harder to share, and community activity loses momentum. This added another layer of caution as investors already reacted to geopolitical headlines.
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Bitcoin price hovers around $62,500 after swinging between $61,800 and $63,200 since last night. Price action has been volatile as investors monitored reports surrounding the conflict between the US and Iran, with traditional markets also shifting into a defensive stance.
Risk assets weakened after fresh military developments fueled uncertainty across global markets. Oil prices climbed, the US dollar strengthened, and traders reduced exposure to higher-risk assets. The Bitcoin price briefly recovered during the session but struggled to build momentum as investors waited for clearer signals.
Markets also face another important test with the upcoming US inflation data. The results could reshape expectations for Federal Reserve policy and influence short-term demand for crypto. All while the US government transferred about $288 million in seized Bitcoin and Ether to Coinbase Prime, a routine move that still drew attention for its size.
Corporate positioning also remains in focus. Strategy has paused additional Bitcoin purchases while building a $3 billion cash reserve, giving the company flexibility if market conditions deteriorate further.
For now, the Bitcoin price continues to track both macroeconomic developments and headlines from the Middle East, leaving traders cautious ahead of the next major catalysts.
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Ethereum price is cooling at $1,780, holding inside a relatively narrow range between $1,750 and $1,790. While market sentiment remained cautious, the Ethereum price showed slightly better stability than Bitcoin price during the latest round of volatility.
Part of that resilience comes from continued institutional interest. BitMine has expanded its Ethereum treasury to roughly 5.77 million ETH, while Robinhood Layer 2 network continues attracting activity using ETH as its native gas token. These developments support long-term demand even as short-term sentiment remains fragile.
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The post Crypto News, July 14: Telegram Registry Down, Bitcoin and Ethereum Price Eye Iran War Resolution appeared first on Cryptonews.
At the end of last September, electric vehicle adoption in the US began to crater. That followed the abolition of the IRS clean vehicle tax credit as part of a series of moves by President Trump and congressional Republicans to undermine energy efficiency and pollution control measures. Until then, buyers of some EVs could claim up to $7,500 from the purchase as part of the IRS Section 30D credit, assuming the EV was below the price cap and the buyer earned less than the income cap. Since then, EV sales have dried up, and automakers have canceled entire product lines as they face the reality of a US government that has soundly rejected moving past oil dependence.
But EV buyers in California aren't quite as unlucky as their peers in the other 49 states and the District of Columbia. Yesterday, California Governor Gavin Newsom signed a new EV rebate into law for residents of the Golden State.
As Newsom said in a statement:
© Getty Images
SWIFT is taking its biggest step into crypto after confirming its blockchain-based shared ledger is ready for initial use. Built on Hyperledger Besu over nine months, the network will let 17 major banks, including HSBC, Citi, UBS, BNP Paribas, DBS, ANZ, and Standard Chartered, pilot live cross-border payments using tokenized deposits.
The rollout moves beyond closed sandbox testing into real banking operations. Rather than replacing existing payment rails, the ledger coordinates tokenized deposits between participating banks while final settlement stays on the current infrastructure. That could help banks process payments during nights, weekends, and across time zones, where delays have long been a problem.
Implemented in 9 months. Global from day one.
— Swift (@swiftcommunity) July 9, 2026
Swift's blockchain-based ledger is ready for use, with ANZ, BNP Paribas, BNY, Citi, DBS Bank, First Abu Dhabi Bank (FAB), FirstRand, HSBC, Itaú Unibanco, Lloyds Banking Group, Mashreq, MUFG, OCBC, Standard Chartered, UBS, UOB and… pic.twitter.com/kOg9DumptG
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The shared ledger sits above existing payment rails instead of replacing them. When a participating bank starts a transaction, the platform coordinates funding commitments across counterparties and gives every institution the same real-time view of payment status. Final settlement still runs through RTGS systems and Swift’s existing messaging network.
The pilot uses bank-issued tokenized deposits rather than stablecoins or public crypto assets. Each token is backed one-to-one by commercial bank deposits, giving it the same regulated status as money held in a traditional bank account. In practice, the blockchain improves how banks move and coordinate funds, while the underlying money and compliance framework remain unchanged.
SWIFT already processes 75% of payments to beneficiary banks within 10 minutes on existing rails, often in seconds. The ledger’s specific contribution is removing the remaining constraint: the dependency on overlapping business hours between sender and receiver.
The result is 24/7 settlement availability, including overnight and weekend flows that current infrastructure cannot support, regardless of how fast the underlying messaging moves.
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One reason the crypto project could gain traction is what Swift chose not to change. The shared ledger keeps the compliance, credit, risk, and control standards already used in today’s payment systems. Instead of creating a separate settlement network, it works within the existing regulatory framework.
That approach matters because regulators and major banks have been reluctant to adopt tokenized payment systems that weaken oversight. By keeping established safeguards in place, Swift is pitching blockchain as an upgrade to existing infrastructure rather than a replacement for it.
Thierry Chilosi, Swift’s Chief Business Officer, said the platform lets tokenized value move across borders with the speed modern commerce demands while maintaining the resilience, security, and compliance expected by global financial institutions.
The pilot brings together 17 banks from six continents, including ANZ, BNP Paribas, BNY Mellon, Citi, DBS, First Abu Dhabi Bank, FirstRand Bank, HSBC, Itaú Unibanco, Lloyds Bank, Mashreq, MUFG Bank, OCBC, Standard Chartered, UBS, UOB, and Wells Fargo.
The lineup suggests this is more than a regional trial. These institutions play a central role in cross-border payments across the dollar, euro, and major Asian currency corridors. Their participation gives the project a broader international footprint from the outset and could provide an early test of blockchain-based settlement at global banking scale.
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SWIFT is not operating in isolation. A separate consortium including JPMorgan Chase, Bank of America, Barclays, and BNY Mellon announced a US-focused tokenized deposit network via The Clearing House, targeting a first-half 2027 launch.
NYSE parent Intercontinental Exchange has outlined a 24/7 settlement venue for tokenized securities with stablecoin-based funding, while NYSE itself partnered with Securitize in March to build blockchain infrastructure for tokenized stocks and ETFs.
Payments, deposits, and securities are steadily moving toward a blockchain-based infrastructure that can operate around the clock. Swift’s pilot stands out because of its reach. Its existing network connects more than 11,500 financial institutions across over 200 countries, giving the shared ledger a potential user base that few blockchain payment networks can match.
If the pilot succeeds across 17 major banks and multiple currency corridors, it could make it easier for other institutions to join. The project is designed to work within existing banking rules, reducing one of the biggest barriers to institutional adoption.
Swift has already outlined the next phase. Future upgrades are expected to support foreign exchange payment versus payment, programmable corporate payments, and cash movements tied to securities transactions. The current rollout is an early milestone, while the next test is whether that global network can translate interest into meaningful transaction volume.
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The post SWIFT Crypto Ledger Targets Settlement Dead Zones With 17-Bank Go-Live appeared first on Cryptonews.
Robinhood Chain recorded between $560 million and $570 million in 24-hour DEX volume on July 8, 2026, seven days after its mainnet went live, overtaking Hyperliquid as the top decentralized exchange by that metric.
The displacement is not a minor statistical quirk: Hyperliquid had posted $492.7 billion in quarterly volume and a record ~$161 million in net revenue in Q1 2026, the highest single-quarter figure ever recorded by a DeFi protocol, making it the benchmark every new chain was being measured against.
What actually drove the surge forces an immediate qualification. The catalyst was not a blue-chip lending market, a novel perpetuals mechanism, or an institutional RWA product.
It was a memecoin called CASHCAT, a cat token that emerged organically on the new chain and alone accounted for roughly $98 million of the $560–$570 million total.
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Robinhood Chain launched on July 1 as a permissionless Ethereum Layer-2 network built on the Arbitrum stack, integrating Uniswap for trading, Chainlink for price oracles, and Morpho for lending.
Because the chain is fully permissionless, anyone can deploy a token and spin up a trading pair, which is precisely how CASHCAT appeared, trading against WETH on Uniswap pairs with no corporate announcement behind it.
CASHCAT hit an all-time high above $0.17, with its market cap ballooning to somewhere between $100 million and $170 million in a single session.
The token’s price action generated approximately $98 million in 24-hour volume on its own, about 17% of Robinhood Chain’s entire daily DEX figure. Strip that out, and the chain’s number drops significantly, though the remainder still represents substantial activity for a seven-day-old network.
Daily active addresses on Robinhood Chain approached 200,000 on July 8, with more than 140,000 of those being first-time users. That onboarding rate signals genuine demand pull, not just existing DeFi participants rotating between chains. Whether those users stay once the memecoin cycle fades is the operative question.
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The chain’s TVL crossed $100 million within its first week, and the primary driver was Morpho lending activity, not speculative token positions.
That distinction matters. Lending TVL reflects users deploying capital for yield under structured terms, which carries different retention characteristics than liquidity posted purely to support a memecoin trading pair. It does not confirm long-term DeFi adoption, but it is a structurally different signal than raw trading volume.
Trading volumes have already begun stabilizing below the July 8 peak, according to the primary source. That is expected behavior after a memecoin-driven spike – the question is what the floor looks like once CASHCAT volatility normalizes.
The lending TVL figure suggests at least some portion of the user base arrived with yield-seeking intent rather than pure speculation, which gives Robinhood Chain a non-trivial base to build from.
For context on the scale of what Robinhood Chain briefly displaced: Hyperliquid had accumulated $330.8 billion in combined spot and perpetual trading volume by July 2025 and entered the top 10 global derivatives exchanges by volume, a first for any DEX.
Robinhood’s own crypto trading arm had sat at $237.8 billion over the same period, meaning Hyperliquid had been outpacing Robinhood’s crypto business for months before the chain launched. The reversal, even if partly memecoin-driven, is not a trivial data point.
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The post New Memecoin CASHCAT Put Robinhood Chain Ahead of Hyperliquid in DEX Volume appeared first on Cryptonews.
AscendEX has ceased all operations effective July 1, 2026, and told users it cannot guarantee full recovery of their balances, raising serious concerns about the exchange’s liquidity. The exchange published its official notice on July 6, five days after halting operations, citing MiCA compliance requirements, a failed strategic transaction, and deteriorating market conditions as the main reasons behind the crypto exchange shutdown.
The July 6 notice outlined the exchange’s financial challenges in unusually direct language. “We relied on an agreed strategic transaction that was to provide liquidity to grow the platform, and the counterparty did not perform; wider crypto market conditions have added further pressure,” AscendEX said. The exchange added that it is assessing available options for account holders while cautioning that it cannot guarantee withdrawal timing or recovery amounts.
— Coin Bureau (@coinbureau) July 9, 2026
JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK
Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure.
The company’s statement indicated that current liquidity issues may restrict users from… pic.twitter.com/am7MLyBhFg
MiCA also played a role in the decision. The EU’s Markets in Crypto-Assets regulation came fully into effect on July 1, and AscendEX does not hold authorization under that framework. However, the exchange also pointed to financial and operational pressures, suggesting multiple factors contributed to its closure rather than regulation alone.
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On-chain investigator ZachXBT publicly raised concerns on June 26 after receiving multiple reports of delayed withdrawals from AscendEX users. His review of the exchange’s publicly labeled hot wallet addresses found very low balances across ETH, USDT, USDC, and SOL.
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According to reports citing ZachXBT’s Telegram post, the exchange’s hot wallets appeared insufficient to cover multiple seven figure withdrawal requests reported by users. He advised affected customers to file reports with financial regulators and law enforcement in their jurisdictions and warned against depositing additional funds.
AscendEX has since suspended automated withdrawals, with all requests now subject to manual review. The exchange also stated, “We are not in a position to give assurances about timing or amounts today. No account holder or group of account holders is being given priority outside the documented review process.”
— Coin Bureau (@coinbureau) June 26, 2026
ALERT: ASCENDEX WITHDRAWAL ISSUES SPARK LIQUIDITY CONCERNS
On-chain sleuth ZachXBT flagged AscendEX for delaying user withdrawals while its hot wallets show critical shortages of large cap assets including ETH, USDT, and SOL, raising liquidity concerns.
Some users have… pic.twitter.com/zjMjY6S9cz
AscendEX launched in 2018 as BitMax before rebranding in March 2021. Later that year, the exchange suffered a $78 million hot wallet hack that blockchain security firms attributed to North Korea’s Lazarus Group.
At the time, AscendEX said it would fully reimburse affected users. That response stands in contrast to its current position, where it says it cannot guarantee the timing or amount of any asset recovery. The scale of the current shortfall remains unclear. 
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The next major development will be whether AscendEX enters a formal insolvency process. Its July 6 notice states, “If any formal insolvency or similar process is commenced, the treatment of unresolved balances or claims may be subject to that process.” While no such proceeding has been announced, the exchange has acknowledged that possibility.
Users with funds on the platform should preserve account records and withdrawal requests. Following ZachXBT’s recommendation, affected customers may also consider reporting their cases to financial regulators and law enforcement in their jurisdictions. For now, withdrawals remain under manual review, and AscendEX has not provided a timetable for resolving outstanding claims.
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Robinhood Chain has already minted another paper millionaire. One wallet turned an $86 buy into $2 million from CASHCAT, and the number keeps changing.
The first viral hit on Robinhood’s Arbitrum based chain was not a tokenized stock. It was CASHCAT, a memecoin inspired by Robinhood’s old cat with cash logo. Onchain data shows the top five wallets have earned almost $3.7 million combined, proving memes still ignore the script.
LATEST:
— CoinMarketCap (@CoinMarketCap) July 9, 2026A trader turned $85 into over $2M by buying CashCat on Robinhood Chain within 30 minutes of launch, per Bubblemaps, a gain of roughly 27,000x. pic.twitter.com/0u29N0cB1d
One trader flipped an $838 buy into about $1.05 million across realized and unrealized gains. Another watched an $86 entry explode to nearly $2 million. Those eye watering profits came from thousands of traders happily buying the other side. Someone always catches the bouquet, while someone else catches the bill.
That is why CASHCAT has grabbed attention so quickly. The token is real, and the wallet gains are visible onchain. The tougher question is timing. New buyers could still be early, or they could be funding the next round of screenshots from traders already heading for the exit.
Bitcoin dominance remains elevated while daily crypto trading volume sits near $80 billion. That combination often pulls speculative money into tiny tokens chasing impossible returns. Whether CASHCAT becomes another legend or another expensive lesson depends on who runs out of buyers first.
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CASHCAT’s market cap has cooled to roughly $88 million, while liquidity remains tiny beside it. That mismatch is where things get spicy. A few determined sellers can move the price far more than holders would like. Small pools rarely forgive big exits.
The token has dropped about 40% from its all time high near a $145 million valuation. Even so, trading activity remains intense as fresh buyers keep showing up. There is little chart history, so classic technical analysis offers about as much guidance as a weather forecast from last week.
Instead, liquidity matters more than trendlines. Thin liquidity limits how much buying the market can absorb before volatility takes over. It also works the other way. One whale heading for the door can turn a gentle dip into a trapdoor.
The bullish case still exists if Robinhood Chain excitement returns and new money keeps flowing into memes. Otherwise, early winners may continue locking in gains while momentum fades. The bearish outcome is simple. One large wallet sells, everyone refreshes the chart, and gravity suddenly remembers its job.
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CASHCAT illustrates what life-changing crypto gains look like when they work, and what the exit structure looks like when they don’t. A $105 million market cap against $6.6 million in liquidity means the window for outsized returns has likely narrowed significantly for new entrants.
Capital rotating out of late-stage memes has been finding its way into earlier-stage presales where the entry price hasn’t already been repriced by 1,250x.
POV: The government trying to work out how to tax capital gains on assets that price fluctuate pic.twitter.com/MXJPJDRzzJ
— MaxiDoge (@MaxiDoge_) July 7, 2026
Maxi Doge ($MAXI) is currently in presale at $0.0002828 per token, with $4.8 million raised to date on Ethereum. The project positions itself around a “1000x leverage trading mentality,” a 240-lb canine juggernaut aesthetic built for holders who want community-driven trading competitions.
It also has its own leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and dynamic staking APY. The gym-bro meme culture is deliberate and viral-optimized.
For traders who want early-stage exposure before a potential exchange repricing, research Maxi Doge here.
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The Ethereum Foundation is making a more direct case to governments and institutions. A new guide from the foundation lays out how Ethereum and EVM-based infrastructure can be used as neutral digital rails for public-sector and institutional systems.
The timing is important. Tokenization, stablecoins, digital identity, and government-backed pilots are all moving from conference topics into actual implementation work. Ethereum wants to be part of that infrastructure conversation rather than just the chain associated with DeFi and NFTs.
For more details, visit the official Blog platform.
For years, Ethereum’s institutional story was mostly about DeFi liquidity, staking, and tokenization experiments. The new guide points to something broader: Ethereum as a base layer for systems that need transparency, interoperability, and censorship resistance.
That framing matters because governments and large institutions are unlikely to adopt public blockchain infrastructure simply because crypto traders like it. They need arguments around auditability, standards, neutrality, resilience, and long-term developer support.
The Ethereum Foundation’s advantage is that Ethereum already has a large developer base and a widely used execution environment. The challenge is that institutions still have concerns around privacy, compliance, fees, scalability, and operational risk.
A guide does not mean governments are about to migrate core systems overnight. But it does show the foundation trying to speak more clearly to decision-makers outside the crypto bubble. If tokenized assets and public-sector pilots continue to grow, Ethereum wants its open-source standards to be part of the default toolkit.
The Foundation’s case rests on the idea that public infrastructure can be useful even for institutions that need controls. A government or bank may not want every internal process visible to the world, but it may still benefit from public standards, settlement assurances, and a large developer ecosystem.
That is where Ethereum’s modular roadmap becomes important. Institutions can use private or permissioned components while still anchoring certain functions to public infrastructure. The strongest use cases may not look like consumer DeFi at all.
The risk is that institutional adoption becomes a marketing phrase without deployments behind it. The guide gives Ethereum a clearer pitch, but the next proof will come from pilots that produce measurable usage.
For ETH holders, this kind of institutional messaging does not create instant demand. But it supports the longer-term argument that Ethereum’s value comes from being a settlement and coordination layer for many kinds of activity, not only speculative trading.
The cleaner takeaway is to treat this as a specific development inside Ethereum, not as a blanket prediction for the whole market. It gives readers a concrete data point to watch while keeping the limits of the story clear.
This article is based on information from the Ethereum Foundation.
This article was written by the News Desk and edited by Samuel Rae.
This report is based on information from Blog. at Blog
Ripple has formally proposed two XRPL amendments, XLS-65 and XLS-66, that would embed fixed-term institutional credit infrastructure directly into the XRP Ledger. With it rolling, the validator voting is also now active following the Rippled v3.1.0 release in late January 2026.
The framework targets uncollateralized, underwritten lending for regulated financial institutions, positioning XRPL as a credit layer rather than a payments rail. It is a structural shift that hinges entirely on whether the amendments can clear an 80% validator consensus threshold.
Why Tokenization Alone Fails And How Doppler Is Fixing It on XRPL
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 2, 2026
Tokenized assets are exploding, but without lending they stay passive. Real capital markets need credit.
XLS-66 brings native lending primitives to XRPL (pooled vaults, fixed-term loans, onchain tracking).… https://t.co/z29H0TLjrd
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That threshold remains the critical unknown. As of recent tracking, XLS-65 held approximately 8 validator yes votes, or just 22.86%, while XLS-66 had secured around 7, or 20%. Both figures sit well below the sustained 80% support required over two consecutive weeks for mainnet activation.
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The two amendments operate as an interlinked system. XLS-65 introduces Single Asset Vaults, permissioned pools where liquidity providers deposit a single token. It holds RLUSD, XRP, tokenized U.S. Treasuries, or other tokenized assets, which are held directly by the vault structure itself. The XLS-65d revision simplified this model by eliminating two previously required transactions, reducing overhead for both depositors and redemption flows.
XLS-66 builds the XRPL lending protocol on top of those vaults, specifying the on-ledger mechanics for loan origination, interest accrual, amortized repayment, and default enforcement via LoanSet, LoanPay, and LoanDelete transactions. Critically, underwriting and borrower credit assessment remain off-chain.
With this, institutional credit desks handle the risk evaluation while XRPL manages execution and the loan lifecycle. This is not Aave-style overcollateralized lending; it is fixed-term, underwritten credit extended to credentialed counterparties.
The compliance architecture runs through XRPL’s existing permissioned domains, credential verification, clawback mechanisms, and freeze functionality. Vault operators can restrict participation to KYC/AML-compliant entities at the protocol level, which is precisely what separates this from open DeFi.
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XRP is trading near the $1.00 level, a psychologically significant threshold that has drawn attention from technical analysts tracking a coiling triangle pattern with progressively higher lows against flat resistance.
XLS-65 and XLS-66 activation would confirm XRPL as a viable credit infrastructure layer, but the demand signal that actually moves price is institutional adoption. Price movement will depend on whether regulated entities deploy capital into RLUSD-funded vaults at scale.
The amendments are currently testable on devnet, and developers can integrate against the lending stack ahead of mainnet activation. XRP’s market performance in the near term will be shaped more by whether validator momentum accelerates toward that 80% threshold than by any single technical level. The framework is credible; the activation path is not yet assured.
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The post XRP Ledger Lending Amendments Face 80% Validator Hurdle as Institutional Credit Layer Takes Shape appeared first on Cryptonews.
Market do what market does, crypto is looking slightly better after taking a few beatings last month. Price is grinding higher despites few unsupporting metrics, institutions are still panic-selling while whales and corporations quietly feast at the lows. The Bitcoin price just reclaimed $60,000 after a 21-month low of $58K, and the Ethereum price tagged $1,600 in the bounce.
Meanwhile, Blackrock is leading another ETF exodus, and a fresh OUSD stablecoin is hammering Circle USDC. Trump’s $1.4 billion crypto windfall is still in the news as regulators reshuffle the deck.
The catalyst was Fed Chair Kevin Warsh. His take that inflation risks had eased flipped crypto and most risk assets higher and gave both majors the lift they needed after June’s bloodbath. Bitcoin price had dipped below $59K on heavy outflows before recovering, while Ethereum held $1,500 support and moved green alongside SOL and DOGE. Fear & Greed sits at Extreme Fear, but but market is looking better.
BREAKING:
— Crypto Rover (@cryptorover) July 1, 2026
Here's what he said:
• U.S. is likely to be a big winner in AI
• New AI task forces coming
• AI jobs impact still uncertain
• Inflation still above target, risks have eased
• still have scars from 2008,… pic.twitter.com/VfiLUqIif2
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Bitcoin price recovery is unexpected as spot ETF outflows still printing in hundreds of million. Yesterday, Bitcoin ETFs posted a net $296 million outflow with Blackrock’s IBIT led with $219.4 million redeemed, Fidelity’s FBTC shed $51 million, and Grayscale’s GBTC lost $62.8 million.
Why this month might be better? June closed as the worst month ever with $4.5 billion exiting the products. Institutions are de-risking hard even as BTC climbs. But on-chain data sees whales accumulated 270,000 BTC st $59K zone. It’s the largest single spike ever recorded, bigger than COVID or FTX bottoms. Long-term holders remain in strong accumulation mode.
Corporate buyers are also stepping up, besides Strategy, Metaplanet has added another 2,823 BTC worth $170 million, bringing its treasury to 43,000 BTC valued at north of $2.5 billion.
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Ethereum price followed BTC higher and reclaimed the $1,600 level after touching multi-month lows $1,505 to start July. ETH has now suffered its first stretch of three consecutive red quarters but is holding the $1,500 support zone. Whale wallets in the 1K–10K ETH range are accumulating, even as active addresses have dropped sharply. It could be a sign retail has exited while bigger players position, which usually marks bottom.
Ethereum’s bigger catalyst still sits ahead as Glamsterdam remains in active development with Devnet-5 testing underway. Public testnet is targeted for July or August, with mainnet eyed for Q3 2026.
Key upgrades include EIP-7732 for Enshrined Proposer-Builder Separation to improve MEV fairness and EIP-7928 for Block-Level Access Lists that enable better parallel processing. Glamsterdam’s goals are higher L1 scalability, lower gas fees, and groundwork for higher throughput.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBitBlackrock isn’t just selling Bitcoin exposure, it’s also backing the new OUSD stablecoin consortium alongside Visa, Mastercard, Coinbase, Stripe and over 140 other firms. Following it, Circle’s stock cratered 17% as the rival gains traction. As of now, Circle’s CEO is pushing back hard on network effects while yield experiments like MetaMask’s new yield-paying accounts heat up.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.https://t.co/jqgDRs6mKf
— Open Standard (@openstandard) June 30, 2026
Also today, SCOTUS cleared Trump to fire SEC and CFTC chiefs, opening the door to major oversight changes. In Europe, MiCA’s grace period has ended, leaving Tether to abandon parts of the region. Not just USDT delistings, Binance is still reassuring users as Venga secured a MiCA license. For America, tt present, the CLARITY Act odds are sliding, but Trump is publicly pushing back against banks while the SEC keeps its comment window open on novel ETFs.
SCOTUS punts Fed independence question to future courts https://t.co/vLg4c8KZ3s
— Axios (@axios) June 30, 2026
The gap between scared institutions and aggressive whales plus corporates is the clearest bull signal in months. As Blackrock and ETF players keep selling, on-chain data shows the largest accumulation spike in history and treasury companies keep buying.
Bitcoin and Ethereum price looks increasingly constructive as Glamsterdam coming. Regulatory clarity is moving forward despite few tackles from banks, as whales positioning.
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Don’t Miss Out on Our $1,000 USDT Airdrop on ByBitThe post Crypto News, July 2: Circle USDC Hit by Blackrock and Ripple XRP Backed OUSD, Bitcoin and Ethereum Price Recovering appeared first on Cryptonews.
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