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Doctor Profit closed all crypto short positions and started accumulating Bitcoin through daily spot purchases.
The analyst plans to buy Bitcoin between $54,000 and $64,000 using a structured long-term strategy.
He cited regulation, tokenization, and institutional adoption as reasons for his bullish outlook.
Analyst Doctor Profit announced he closed every cryptocurrency short position and started buying Bitcoin spot for the first time since September 2025. He shared the update after exiting Bitcoin shorts opened between $115,000 and $125,000, another position between $79,000 and $82,000, plus more than 100 altcoin shorts. According to the analyst, he began accumulating Bitcoin at $64,000 through a structured long-term strategy.
Accumulation Plan Replaces Short Strategy
Doctor Profit said the new approach differs from the selling strategy he used near Bitcoin's previous highs. Instead of selling daily, he plans to buy 5% of his allocated capital each day.
According to the analyst, purchases will continue while Bitcoin trades between $54,000 and $64,000. He added that the strategy will last for up to 20 days.
Furthermore, he said buying will continue at $62,000, $58,000 and $56,000. However, he intends to increase purchases if Bitcoin briefly reaches $54,000.
Doctor Profit also pointed to the weekly 200-moving average and the top of the 2024 consolidation range. He said both technical levels now fall within the same price zone.
Analyst Cites Market Structure Shift
Alongside technical levels, Doctor Profit said market sentiment has changed sharply. According to him, many traders now expect Bitcoin to fall below $50,000 after previously targeting higher prices.
He added that he no longer expects Bitcoin to revisit the $40,000 to $50,000 range. Instead, he said widespread expectations for that level changed his market outlook.
The analyst also argued that the traditional four-year cycle may not determine the next bottom. He said many traders now expect a September or October low, creating a crowded market view.
Regulation And Tokenization Shape Outlook
Doctor Profit also based his outlook on developments beyond price action. He cited regulatory progress, tokenization infrastructure and institutional participation as key factors.
He specifically referenced the proposed CLARITY Act, Coinbase's institutional expansion and BlackRock's ETF ecosystem. Additionally, he mentioned DTCC's tokenization pilot involving BlackRock, Vanguard, JPMorgan, Goldman Sachs and the New York Stock Exchange.
Meanwhile, he noted that Microsoft shares, SPY, QQQ and U.S. Treasuries are part of the pilot before a planned October launch. He also referenced Citadel's reported $400 million investment in Crypto.com while keeping every S&P 500 short position open.
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The BONK treasury drainer sold another 800 billion tokens worth about $2.48 million on July 18.
BONK has declined 40% since the July 6 treasury exploit, while the wallet still holds 2.4 trillion tokens.
Continued token sales and persistent outflows have kept downward pressure on BONK's price.
BONK extended its decline after the wallet that legally drained 4.426 trillion BONK from the treasury sold another 800 billion tokens. According to Lookonchain, the latest sale occurred on July 18, while the token has fallen 40% since the July 6 treasury incident. The wallet still holds 2.4 trillion BONK worth about $6.94 million, keeping attention on future token movements.
Treasury Wallet Continues Moving BONK
According to Lookonchain, the wallet sold another 800 billion BONK valued at about $2.48 million on July 18. The latest transaction reduced the remaining balance to 2.4 trillion BONK, worth approximately $6.94 million.
Previously, Lookonchain reported that the same wallet deposited 1.19 trillion BONK, valued at about $4.11 million, into Binance. At that time, the wallet still controlled 3.2 trillion BONK worth roughly $10.85 million.
The treasury incident began on July 6 after a malicious governance proposal enabled the removal of 4.426 trillion BONK. BONK later confirmed the exploit, while security analysts attributed the incident to a security weakness within the project.
Meanwhile, additional blockchain activity kept the wallet under close observation. Two transfers totaling about 800 billion BONK, valued at $2.73 million, reached the same Binance deposit address on July 16. However, those transfers alone did not confirm the tokens were sold.
Spot Flows Show Selling Pressure
Spot flow data reflected heavy selling between July 6 and July 9. Consecutive negative netflow readings reached nearly negative $400,000, while several others ranged between negative $100,000 and negative $300,000.
Although inflows briefly climbed near positive $250,000 on July 8, they failed to offset continued selling. Consequently, BONK's price continued moving lower throughout that period.
Source: Coinglass
From July 10 through July 15, inflows and outflows alternated more evenly. Positive readings frequently reached between $100,000 and $200,000, while recurring outflows limited price movement.
Buying Activity Increases While Price Remains Weak
The largest positive netflow appeared on July 16 and approached $380,000. Another inflow near $230,000 followed shortly afterward. However, BONK continued declining despite the stronger buying activity.
Large outflows, including one near negative $320,000 on July 17, maintained downward pressure. Toward July 18, positive netflows became more frequent, with several inflows ranging between $50,000 and $200,000.
During the same period, BONK's price stabilized near its lowest level within the observed timeframe, while the latest Lookonchain update confirmed continued sales from the treasury drainer.
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The Senate unanimously adopted a resolution opposing any presidential pardon for Sam Bankman-Fried.
The bipartisan measure is nonbinding and does not limit the president's constitutional clemency authority.
Bankman-Fried's clemency request remains pending despite broad Senate opposition.
The U.S. Senate unanimously approved a resolution opposing any presidential pardon or commutation for former FTX CEO Sam Bankman-Fried. According to journalist Eleanor Terrett, senators adopted the measure by unanimous consent after Senators Ruben Gallego and Cynthia Lummis introduced the resolution. The action followed Bankman-Fried's request for executive clemency submitted in June.
Resolution Records Senate Position
The approved measure, S. Res. 772, states that Samuel Bankman-Fried should not receive executive clemency under any circumstances. It also reaffirms the Senate's commitment to the rule of law and the integrity of the U.S. financial system.
According to Terrett, the resolution does not carry legal force. Instead, it places the Senate on record opposing a pardon while leaving presidential authority unchanged.
Unlike legislation, a simple Senate resolution does not require House approval or the president's signature. Therefore, it cannot prevent a future president from granting clemency.
Bipartisan Support Backs the Measure
Senator Ruben Gallego introduced the resolution on June 17, while Senator Cynthia Lummis joined as a cosponsor. Later, Senator Bernie Moreno also added his support to the bipartisan measure.
The Senate approved the resolution through unanimous consent, meaning no senator objected to its passage. According to Senate procedures, that process allowed the chamber to adopt the resolution without a recorded vote.
Bankman-Fried sought executive clemency from President Donald Trump in June. His request remains listed as pending in Department of Justice records.
Conviction Remains at Center of Debate
Bankman-Fried received a 25-year federal prison sentence in March 2024. A jury previously convicted him on fraud and conspiracy charges tied to FTX's 2022 collapse.
Meanwhile, prediction market activity reflects limited expectations for executive action. According to the provided information, Polymarket traders assign less than a 1% chance that Trump will pardon Bankman-Fried before July 31.
The prediction market has generated more than $734,000 in trading volume. However, according to Terrett, the Senate resolution remains a political statement rather than a legally binding restriction on presidential clemency.
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Morpho Midnight will launch gradually with limited features to prioritize security and protocol stability.
The rollout starts on Base using a cbBTC/USDC market with participation limited to direct lenders and borrowers.
Future updates will add cross-chain support, vault adapters, auto-rolling, and advanced lending features.
Morpho will publicly launch its new onchain lending protocol, Morpho Midnight, in the coming days after several months of beta testing. According to Morpho cofounder and CEO Paul Frambot, the rollout will begin with limited functionality and participation to prioritize security while introducing a market-based lending model. Base builder Jesse Pollak also commented that "Morpho Midnight is going to be a big deal."
Launch Begins With Limited Functionality
According to Frambot, Morpho Midnight shifts responsibility for risk, loan terms, and rates from the protocol to the market. He said earlier lending protocols handled those functions directly, while Morpho Blue transferred risk management to vault curators.
However, Midnight extends that approach by allowing market participants to determine risk, duration, and pricing. Frambot said this structure targets institutional users and consumer fintech firms entering onchain lending.
Security remains the project's first priority during launch. Therefore, Frambot said Morpho completed months of reviews, formal verification, multiple audits, and an audit competition before deployment.
Even so, the protocol will launch gradually. Initially, users will not have access to auto-rolling, callbacks, cross-chain support, vault adapters, cross-collateral features, or advanced routing.
Initial Market Focuses on Base
The rollout will begin with a single market on the Base network. According to Frambot, the launch market will use the existing cbBTC/USDC Morpho Blue market with multiple loan maturities.
Participation will remain limited to direct lenders and borrowers during the early phase. Additionally, the vault adapter will not launch immediately despite available liquidity from Morpho Vaults.
However, multi-market offers will operate from the first day. That feature allows users to provide liquidity across multiple isolated markets without creating fragmentation.
More Features Planned After Rollout
Frambot said Morpho plans to expand Midnight with additional markets, collateral assets, loan assets, and blockchain networks. Future updates also include portfolio markets, cross-collateral lending, and the vault adapter.
The roadmap further includes auto-rolling, callbacks, APIs, SDKs, secondary markets, and programmable gates. According to Frambot, those additions will arrive progressively after launch as the protocol rollout continues.
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The CFTC eliminated daily and event-based Part 20 reporting for physical commodity swaps.
Recordkeeping requirements remain, with firms required to provide data through special calls if requested.
The Commission said existing swap reporting systems now provide sufficient market oversight and transparency.
The Commodity Futures Trading Commission (CFTC) issued a final order ending routine position-reporting requirements under Part 20 for physical commodity swaps. The order removes daily and event-based reporting obligations for clearing organizations, clearing members, and swap dealers. According to the CFTC, the change takes effect upon publication in the Federal Register.
Order Removes Routine Reporting Requirements
According to the CFTC, entities covered under Part 20 will no longer submit daily position reports. They also will stop filing event-based reports previously required under the regulation.
The Commission issued the order under Section 20.9, the sunset provision included when Part 20 took effect in 2011. At that time, the rule served as a temporary reporting measure for physical commodity swaps.
However, the CFTC said its broader swap reporting framework has since expanded. It pointed to registered swap data repositories under Part 49 and reporting requirements in Parts 43 and 45.
The agency also referenced position limits established under Part 150. According to the Commission, those systems now provide the reporting structure needed for market oversight.
Recordkeeping Requirements Remain in Place
Although the reporting rules will end, the CFTC will keep certain provisions during a transition period. Notably, reporting entities must continue maintaining records of paired swap and swaption transactions.
They also must preserve records covering futures-equivalent conversion methods. Additionally, entities must provide those records if the Commission issues an appropriately scoped special call.
The CFTC said these remaining requirements will help maintain access to relevant market information. However, the agency did not announce changes to the special-call process.
Selig Says Order Reduces Unnecessary Burden
CFTC Chairman Michael S. Selig said market participants should not face costly reporting obligations that fail to improve regulatory quality. According to Selig, the final order removes significant and unnecessary compliance burdens.
He also said the Commission will continue accessing the position information needed to oversee commodity markets. According to the CFTC, eliminating routine reports will not reduce its ability to obtain necessary data through its existing reporting framework and retained recordkeeping requirements.
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FTX's fifth distribution will pay about $900 million to eligible creditors beginning July 31.
Customer entitlement claims will reach 105% recoveries, while Convenience Claims will total 120%.
Eligible creditors should receive payments through BitGo, Kraken, or Payoneer within three business days.
FTX announced it will begin distributing about $900 million to eligible creditors on July 31 under its Chapter 11 reorganization plan. The fifth payout covers approved Convenience and Non-Convenience claims that completed required pre-distribution steps by the June 16 record date. Eligible creditors should receive funds through their selected provider within three business days.
Distribution Covers Multiple Claim Classes
According to FTX, eligible creditors selected BitGo, Kraken, or Payoneer to receive distributions. Customers who completed onboarding directed FTX to send payments directly to those providers.
The company said Allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 9%. Consequently, cumulative recoveries for those claims will reach 105%. Meanwhile, Allowed Class 5B U.S. Customer Entitlement Claims will receive another 5%.
Their cumulative distributions will also reach 105%. General Unsecured Claims and Digital Asset Loan Claims will each receive an additional 3%. As a result, cumulative recoveries for both classes will increase to 103%.
Convenience Claims will reach cumulative distributions of 120%. Notably, the Convenience Class generally includes retail customers and smaller creditors.
Preferred Equity Holders Receive Second Payment
Alongside creditor distributions, FTX confirmed a second payment for eligible Preferred Equity Holders on July 31. The payment follows the Preferred Shareholder Agreement and the approved reorganization plan.
The company will distribute $18 million through the Preferred Shareholder Remission Fund Trust. That payment will raise total distributions from the trust to $95 million.
To qualify for future payments, eligible holders must complete ownership certification, identity verification, tax documentation, and onboarding requirements. Institutions must use BitGo, while individuals must onboard through Payoneer.
Estate Outlines Payment Process
FTX said subsequent record dates and payment dates will be announced later. Meanwhile, creditors meeting the June 16 record date should receive funds within one to three business days after July 31.
The estate said customers who selected a distribution provider permanently waived direct cash payments from FTX. Instead, the company will transfer approved distributions directly to the chosen provider.
According to the announcement, the fifth distribution increases total announced repayments to nearly $10 billion since creditor distributions began. However, approved claims continue using U.S. dollar values established during the company's 2022 bankruptcy process.
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France's gambling regulator ordered ISPs to block Polymarket for offering unauthorized betting services.
Authorities cited gambling losses, insider information concerns, and potential market manipulation risks.
The move reflects growing global regulatory scrutiny of prediction market platforms like Polymarket and Kalshi.
France has moved to block access to Polymarket after the country's National Gambling Authority (ANJ) ordered internet service providers to restrict the platform on July 16. According to Reuters, the regulator said Polymarket offers unauthorized gambling services, exposes users to significant losses, and operates markets that could face manipulation risks. The order was announced by ANJ on Friday.
Regulator Cites Gambling and Manipulation Concerns
According to ANJ, Polymarket attracts a large audience while offering gambling and betting services that do not comply with French law. Therefore, the regulator directed internet service providers to block access to the website.
A spokesperson told Reuters the restriction will remain in place until authorities determine the platform complies with France's gambling regulations. However, Polymarket did not immediately respond to Reuters' request for comment.
The regulator also raised concerns about specific prediction markets. Notably, it cited weather-related wagers and said some participants may have relied on insider information when placing bets.
ANJ added that certain markets could expose users to significant gambling losses. It also warned that some contracts may carry manipulation risks.
Oversight Expands Across Prediction Markets
The French action follows similar regulatory measures in other jurisdictions. According to Reuters, Spain temporarily blocked Polymarket and rival Kalshi from operating in May.
Meanwhile, the U.S. Commodity Futures Trading Commission released draft regulations for the prediction markets industry in June. The proposal marked another step in expanding oversight of the sector.
Polymarket and Kalshi allow users to trade contracts tied to sports, elections, weather, and geopolitical events, including the wars in Iran and Ukraine.
Reuters Details Industry Growth
Reuters reported that lawmakers have increasingly questioned prediction market contracts that lack a clear economic purpose. They have also called for tighter oversight of products they consider harmful to the public interest.
The report added that regulators continue reviewing how these platforms operate under existing gambling and financial rules. As scrutiny grows, authorities have expanded their focus across multiple jurisdictions.
Separately, Reuters reported last month, citing a source familiar with the matter, that Polymarket's annualized revenue has surpassed $1 billion. The source did not provide additional financial details.
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Patrick McHenry compared the Clarity Act to the Telecommunications Act of 1996 for its forward-looking approach.
He said the bill would establish clear digital asset rules while strengthening consumer and investor protections.
McHenry argued bipartisan support is key as the U.S. advances crypto market structure legislation.
According to a16z Crypto, former House Financial Services Committee Chair Patrick McHenry urged Congress to pass the Clarity Act as lawmakers continue advancing crypto market structure legislation in the United States. McHenry compared the proposal to the Telecommunications Act of 1996 and said Congress now has an opportunity to establish rules for digital assets before future challenges emerge.
McHenry Compares Bill to Landmark Telecom Law
According to McHenry, the Clarity Act represents the largest forward-looking financial policy effort in decades. He said the proposal resembles the Telecommunications Act of 1996 because lawmakers developed both measures through bipartisan cooperation across multiple congressional committees.
He also contrasted the bill with legislation passed after the 2008 financial crisis. Notably, he said previous reforms mainly addressed past financial problems instead of preparing markets for new technologies.
McHenry added that Congress now has an opportunity to pass comprehensive financial legislation without responding to a crisis. He said that approach differs from measures enacted after major economic disruptions.
Calls For Clear Rules Instead of Uncertainty
McHenry rejected claims that existing securities laws already provide enough guidance for digital assets. He also disputed arguments suggesting the crypto industry prefers operating without regulation.
Instead, he said businesses have consistently requested clear operating rules. According to McHenry, entrepreneurs build with greater confidence when legal boundaries remain well defined.
He also pointed to the internet's growth after regulatory frameworks established protections for users and investors. However, he said decentralized technologies first require a clear legal framework before broader development can continue.
Bipartisan Backing Remains Central Focus
McHenry said the Clarity Act would establish consumer and investor protections while giving law enforcement agencies tools to pursue criminal activity. He also said the legislation would reduce uncertainty surrounding business development.
Meanwhile, he highlighted recent congressional action on digital assets. According to McHenry, the GENIUS Act regulating stablecoins passed both chambers with bipartisan support, while several crypto market structure bills also attracted lawmakers from both parties.
He added that members of Congress recognize digital assets will remain part of financial markets. Finally, McHenry said countries continue advancing their own regulatory frameworks as Congress considers the Clarity Act.
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BAR recorded a 5.5x buying volume surge, keeping traders focused on whether accumulation continues above key technical support levels.
The breakout is intact as traders await for the market to take the next direction with the resistance at $0.316 and $0.327.
The bullish momentum may be losing steam if the price crosses below $0.265, which brings the focus back to the lower support zone around $0.248.
BAR's price outlook is on the radar after a huge buying volume spike brought back interest in the FC Barcelona Fan Token. Market participants continue watching support and resistance zones as momentum tests the strength of the recent breakout.
Unusual Volume Draws Attention to BAR
A recent post from @Finora_EN reported a 5.5x increase in buying volume. The update described the activity as possible smart money accumulation.It pointed out the difference between the movement and a retail-driven one.
Source: X
The 15-minute chart below illustrates a dramatic breakout from extended range of consolidation. Price accelerated after leaving the $0.275 region. The advance briefly reached the $0.345-$0.350 resistance area.
Heavy profit-taking followed the rapid climb. Even so, sellers failed to erase the entire breakout. Buyers continued defending higher levels throughout the retracement.
The report suggested this behavior reflected continued demand. Strong participants appeared willing to absorb selling pressure. That kept the broader short-term structure constructive.
Key Support Levels Shape the Technical Structure
The report identified the $0.300-$0.303 area as immediate support. That zone previously acted as resistance before the breakout. Holding above it could preserve bullish momentum.
The latest market data showed BAR trading near $0.2959 after the initial rally. Price remained above its earlier consolidation range. Trading volume also increased by more than 633% during the session.
Attention now turns toward the $0.316 resistance level. A successful move above that barrier could expose $0.327. Additional buying volume would likely support that continuation.
Finora also outlined a deeper demand zone between $0.285 and $0.277. That region marked the breakout origin. Traders were advised to await confirmation before considering fresh long positions.
Confirmation Remains Critical for the Next Move
The analysis recommended waiting for bullish confirmation before entering new trades. Bullish engulfing candles could strengthen the setup. Long lower wicks may also indicate returning demand.
An example scenario targeted $0.307 as the first profit objective. Additional upside targets included $0.316 and $0.327. Protective stops were placed below the reaction swing low.
The report also outlined a bearish invalidation point. A close below $0.265 with heavy selling volume would weaken the bullish structure. Focus would then shift toward support near $0.248.
Another scenario involved resistance between $0.316 and $0.327. Large upper wicks combined with rising selling volume could signal distribution. Traders may then expect a temporary pullback before another directional move.
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Bitcoin ETFs absorbed $107.80 million, equivalent to nearly four days of newly mined supply during the latest institutional buying session.
Ethereum attracted $53.83 million, while HYPE gained $2.13 million as institutional demand remained concentrated across selected assets.
Seven-day ETF flows remained volatile, but two consecutive positive sessions pointed toward renewed institutional demand across major crypto markets.
Crypto ETF inflows reached $163.05 million on July 15, with Bitcoin and Ethereum attracting most institutional capital. The week was volatile with signs of strong selling and buying at the start of the latest session.
Bitcoin Leads Institutional Accumulation
Bitcoin ETFs saw trading of 1,666 BTC valued at around $107.80 million. The purchases were equivalent to almost 4 days worth of freshly produced bitcoins.This comparison shows how quickly institutional demand can absorb available new coins.
https://twitter.com/CryptoPatel/status/2077626345815937367?s=20
BlackRock accounted for the largest portion of reported Bitcoin purchases during the session. Its ETF acquired approximately 1,250 BTC, valued near $80.82 million. Grayscale added 155 BTC, while Fidelity purchased another 261 BTC.
The distribution across three major issuers provided broader support for the session's buying activity. Demand therefore extended beyond a single fund or isolated institutional participant. The combined purchases showed continued interest in regulated Bitcoin exposure.
Source: Coinglass
The latest seven-day flow chart adds important context to this accumulation. After heavy outflows earlier, inflows reached approximately $240 million on July 14. July 15 then maintained positive momentum with another $160.90 million entering ETF products.
Ethereum Adds Strong Secondary Demand
Ethereum ETFs attracted approximately 27,980 ETH during the latest reporting session. The purchases represented about $53.83 million in total value. This placed Ethereum firmly behind Bitcoin among the largest institutional beneficiaries.
BlackRock again represented the dominant buyer within the reported Ethereum activity. The ETF has bought around $49.25 million worth of ETH, or roughly 25,600 of them. Grayscale has deposited approximately 2,380 ETH worth $4.58 million.
The simultaneous buying of Bitcoin and Ethereum points toward concentrated demand. Capital was not simply rotating between the two largest crypto assets. Instead, institutions appeared to maintain exposure across both established ETF markets.
Meanwhile, HYPE ETFs recorded inflows of approximately $2.13 million. The figure represented purchases of roughly 31,730 HYPE tokens. Although smaller than major-asset flows, HYPE stood apart among selected alternative assets.
Altcoin Participation Remains Limited
Solana was the only major asset showing a reported outflow during the session. Its ETFs recorded approximately 9,150 SOL in selling. The value of those withdrawals reached roughly $707,080.
The remaining listed altcoins recorded no net ETF flows during the period. XRP, LINK, BNB, AVAX, DOGE, DOT, HBAR, and LTC showed zero activity. This distribution points to selective institutional positioning across the broader digital-asset market.
The weekly chart also reveals considerable volatility beneath the latest recovery. Outflows reached approximately $420 million on July 13. Two consecutive positive sessions then followed, producing a sharp reversal in short-term flow momentum.
However, the weekly picture remains mixed despite the latest buying strength. Earlier withdrawals still offset part of the recent inflows. Continued positive sessions would provide stronger evidence of sustained institutional accumulation across crypto markets.
The July 15 data therefore presents a constructive but selective institutional landscape. Bitcoin absorbed the largest allocation, while Ethereum captured substantial secondary demand. HYPE attracted smaller buying, whereas most alternative assets remained inactive. The latest flow sequence shows renewed demand after heavy selling, but further sessions remain necessary before a durable trend becomes established.
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London, United Kingdom, July 17th, 2026, Chainwire
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Nexus Mutual
phil@nexusmutual.io
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XRP Ledger AI payments target automated commerce, allowing software agents to settle services, data, APIs, and workflows without manual approval.
Ripple’s x402 Foundation participation connects XRP and RLUSD with emerging standards for internet-native machine-to-machine payment systems.
Three-to-five-second finality and predictable fees position XRPL infrastructure for automated transactions requiring reliable and consistent settlement.
XRP Ledger AI payments are gaining attention as Ripple connects its blockchain ecosystem with emerging standards for autonomous machine-to-machine commerce. The development places automated settlement at the center of a growing digital payments discussion.
AI Agents Create Demand for Native Payment Rails
The accompanying analysis argues that AI development increasingly requires a dedicated financial layer. Autonomous agents could purchase data, access APIs, book services, and execute digital workflows independently. Each transaction may require fast settlement without human approval for every payment.
That requirement creates a different challenge for existing digital commerce infrastructure. AI agents operate through automated instructions, making delays and unpredictable payment states difficult to manage. Consequently, payment networks must support frequent, small-value transactions with clear settlement outcomes.
X Finance Bull connects this shift with Ripple’s reported participation in the x402 Foundation. The foundation is associated with internet-native payment standards supporting automated online transactions. Ripple’s participation brings XRP and RLUSD into discussions surrounding agent-based payments.
The graphic presents the development as a standards and infrastructure story. It does not focus on immediate token price movements or speculative trading. Instead, the central theme concerns how software systems may transact independently across digital environments.
XRPL Targets Speed and Predictable Settlement
The XRP Ledger is presented as infrastructure suited to automated payments. The accompanying graphic cites three-to-five-second transaction finality as a key feature. It also emphasizes small, predictable fees and the absence of gas auction uncertainty.
Those characteristics may simplify payment execution for autonomous software. An agent can operate more efficiently when transaction costs remain predictable. Similarly, clear settlement states can reduce complications within automated workflows.
The analysis also contrasts machine payments with conventional human-led transactions. People can tolerate occasional delays while reviewing payments or resolving pending transfers. Autonomous systems, however, require payment rails that operate alongside rapid software decisions.
This positioning expands the XRP Ledger narrative beyond conventional remittance use cases. XRP and RLUSD are presented as possible settlement assets within automated digital commerce. The focus therefore shifts toward machine-to-machine transactions and programmable payment activity.
Open Standards Connect Developers and AI Applications
The graphic also emphasizes open standards as a foundation for broader adoption. Ripple’s reported Premier Member status within the x402 Foundation supports participation in technical development and governance. Interoperability remains central as AI applications operate across different platforms.
Developer tools form another part of the reported ecosystem development. The graphic references an XRP Ledger AI Starter Kit and an MCP Server for XRPL documentation. It also identifies an Agent Wallet Skill designed to support AI-related payment functionality.
These resources aim to reduce friction for developers building agent-based applications. Documentation, wallet tools, and standardized payment systems can support more practical experimentation. The graphic therefore connects infrastructure development with the ability to build applications today.
The post broader thesis centers on machines becoming economic participants. AI agents could eventually pay for services, data, software access, and other digital resources independently. Within that framework, the XRP Ledger is being positioned as a payment rail built for automated settlement.
The development remains an infrastructure narrative rather than direct evidence of immediate market performance. However, the x402 connection places XRP and RLUSD within an emerging discussion around internet-native payments. As AI systems become more autonomous, payment standards and reliable settlement networks could become increasingly important components of their operating architecture.
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BNB outlook remains constructive while the $560.40 support region continues attracting buyers despite repeated market retests and short-term volatility.
Stable funding rates and measured derivatives positioning suggest leverage has normalized before BNB attempts another move toward overhead resistance.
BNB recovered from intraday weakness, while analysts continue monitoring confirmation before targeting higher resistance levels above current market structure.
BNB outlook remains centered on a pivotal support region as market participants monitor price behavior before anticipating the next directional move across the broader cryptocurrency market.
BNB Defends Critical Support as Buyers Maintain Control
Finora AI outlined a structured trading framework through its latest market update. The analysis focused on confirmation instead of immediate directional expectations. Every trading decision depended on reactions around predefined technical levels.
Source: X
The analyst identified the $564.00–$560.40 region as the primary support zone. Buyers repeatedly defended this area during recent market pullbacks. That behavior kept the short-term structure leaning toward the bullish side.
BNB as of writing trading at $570.14, recording a modest 0.18% daily gain. Price recovered after a sharp intraday decline before approaching session highs. Buyers gradually regained control through successive higher lows instead of impulsive rebounds.
Finora AI noted that bullish confirmation remains essential before entering fresh positions. A successful defense could expose resistance targets near $579.39 and $584.63. The broader roadmap also identifies $593.47 as the next technical objective.
Resistance Levels Continue Shaping the Trading Structure
The published chart also reveals multiple supply zones above current trading activity. Those resistance areas previously interrupted several recovery attempts during July. Sellers repeatedly returned whenever price approached overhead liquidity.
Rather than forecasting an uninterrupted rally, the analysis treats these regions cautiously. Profit-taking activity could emerge once price revisits earlier rejection levels. Traders therefore continue monitoring confirmation beyond every resistance barrier.
The broader three-hour structure still resembles a balanced consolidation phase. Higher recoveries have alternated with measured pullbacks across recent sessions. Neither buyers nor sellers have secured lasting control throughout the range.
Finora AI also presented a downside contingency for changing market conditions. Losing $560.40 with convincing weakness would invalidate the current bullish framework. Under that scenario, attention would shift toward the next support near $537.25.
Funding Data Signals Balanced Derivatives Positioning
Derivatives data presents another perspective on current market conditions. The OI-weighted funding rate compares leveraged positioning with BNB's price performance. Together, both metrics measure speculative participation across perpetual futures markets.
Earlier periods displayed deeply negative funding as bearish positioning dominated sentiment. Funding later turned consistently positive during BNB's strong market rally. That transition reflected expanding long exposure alongside improving price momentum.
Current readings appear considerably more balanced than previous market extremes. Funding oscillates only slightly above and below neutral territory. Such behavior suggests leveraged positioning has normalized after earlier speculative activity.
The combination of stable funding and disciplined price action supports Finora AI's measured approach. Market participants continue waiting for technical confirmation before expanding exposure. Until decisive movement develops, the $560.40 support region remains the defining level guiding BNB's near-term outlook.
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Senators questioned Kevin Warsh over ethics concerns involving Fed Vice Chair Michelle Bowman's June meeting.
Warsh declined to comment on the ongoing ethics investigation, citing the Fed inspector general's review.
Lawmakers also examined Fed policy, inflation outlook, and supervisory records tied to failed banks.
Federal Reserve Chair Kevin Warsh faced sharp questioning before the Senate Banking Committee on Wednesday as lawmakers examined ethics concerns, monetary policy and supervisory oversight. The hearing focused on Fed Vice Chair Michelle Bowman’s June dinner with Bank of America executives, comments on interest rates, and questions about records tied to Silicon Valley Bank and Signature Bank.
Warren Presses Warsh On Ethics Review
According to journalist Colby Smith, Senator Elizabeth Warren challenged Warsh over Michelle Bowman’s attendance at a private Bank of America dinner on June 17. The event occurred hours after the Federal Reserve concluded its June policy meeting.
Warren said Bowman reportedly discussed monetary and regulatory matters despite the Federal Open Market Committee blackout period. She asked whether Warsh had personally questioned Bowman about the dinner.
However, Warsh declined to discuss the matter directly. He said he would not interfere with an independent investigation by the Federal Reserve’s inspector general.
Warsh said he would not "micromanage" the investigation or prejudge facts before investigators completed their review. Warren responded by questioning why he had not asked Bowman about the allegations.
Meanwhile, Bowman denied discussing monetary policy during the dinner. She said she had consistently followed all Federal Open Market Committee and ethics rules.
Officials Discuss Policy And Bank Records
Attention then shifted to monetary policy. Speaking with reporters on Wednesday, New York Fed President John Williams defended the central bank’s forward-looking approach.
Williams said monetary policy usually takes one to two years to produce its full effects. Therefore, policymakers must evaluate where inflation may stand well into the future.
He added that current inflation partly reflects supply shocks, which the Fed generally views as temporary. However, Williams said policymakers would respond differently if inflation remained persistently elevated.
Lummis Raises Supervisory Record Questions
Later, according to journalist Eleanor Terrett, Senator Cynthia Lummis questioned Warsh about reports involving supervisory records linked to Silicon Valley Bank and Signature Bank.
Lummis referenced rumors that Federal Reserve staff may have deleted records before Warsh assumed office. The issue relates to an ongoing independent review of the Fed’s supervision of both failed banks.
Warsh said he had no reason to believe criminal activity occurred. However, he added the Federal Reserve would cooperate fully with investigators and provide records if they request them.
Warsh’s Senate appearance followed his testimony before the House Financial Services Committee a day earlier, continuing his mandatory semiannual appearances before Congress.
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Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
Bitmine is 96% of the way to the 'Alchemy of 5%' in just 12 months
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
NORWALK, Conn., July 16, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced the release of the July Chairman's Message titled "ETH is the cure for the 'Uncanny Valley of Wealth.'"
This Chairman message explains the company's belief that Ethereum is a critical interface to protect humans from the downstream implications of the increasing capabilities of AI and the resulting growing economic influence:
The 'Uncanny Valley of Wealth' is the notion that humans will ultimately become unsettled by the growing economic and social power of an economy increasingly fueled by agentic-AI and soon, machine-to-machine.
This is a variant of the Japanese roboticist Masahiro Mori in 1970 who published the essay "Uncanny Valley." His hypothesis describes the unsettling feeling people often get when they encounter something that looks almost human.
Crypto faced macro headwinds in 2026 including bond markets pricing a "hawkish" flip by global central banks, the slow progress of the Clarity Act, AI outperformance (aka FOMO, or fear of missing out) and underperformance of financials. As we move through 2026, we believe many of these headwinds could turn into tailwinds.
While many simply say just attribute this to 'crypto winter,' 2026 has seen much positive fundamental progress including many banks announcing tokenization of assets, new Ethereum Layer 2 (L2) launches, such as Robinhood Chain. This is a contrast to the 2018 and 2022 crypto winters where regulatory headwinds and collapse of crypto institutions marked those declines.
The Chairman believes that Ethereum is positioned to benefit from two exponential drivers of Wall Street building rails on blockchain and agentic-AI (as discussed above).
The Chairman also discusses how Bitmine is positioning itself strategically for the important drivers of the next crypto upcycle supporting key infrastructure partners and strengthening the Ethereum ecosystem.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the "Alchemy of 5%" initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company's beliefs and expectations regarding the cryptocurrency market, including the belief that macro headwinds faced by crypto in 2026 could turn into tailwinds; (iii) the Company's belief that Ethereum is a critical interface to protect humans from downstream implications of the increasing capabilities of AI, including the "Uncanny Valley of Wealth" thesis regarding the growing economic and social power of an economy increasingly fueled by agentic-AI; (iv) the Chairman's belief that Ethereum is positioned to benefit from two exponential drivers of Wall Street building rails on blockchain and agentic-AI; (v) the Company's belief regarding the positioning of Bitmine for the important drivers of the next crypto upcycle, including supporting key infrastructure partners and strengthening the Ethereum ecosystem; and (vi) the future growth and advancement of the Company's Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
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Ripple executives said the Clarity Act would establish clear federal oversight for digital asset markets.
The bill aims to define SEC and CFTC responsibilities while strengthening consumer protections.
Ripple argued rejecting the legislation would leave existing regulatory gaps and market risks unchanged.
Ripple executives have renewed their support for the Clarity Act as the legislation advances toward a U.S. Senate floor vote. According to Ripple Chief Legal Officer Stuart Alderoty and Global Co-Head of Public Policy and Government Lauren Belive, the bill would establish federal oversight for digital asset markets and address regulatory gaps they say continue to expose consumers.
Ripple Says Bill Would Close Regulatory Gaps
According to Alderoty, rejecting the Clarity Act would leave existing market conditions unchanged. He argued that those conditions could continue allowing bad actors to exploit regulatory gaps.
Meanwhile, Belive said voting against the legislation would leave crypto holders without stronger consumer protections. She added that the bipartisan proposal seeks to establish clear federal rules instead of preserving the current framework.
Belive also pointed to the collapse of FTX, saying the same regulatory gaps that existed then remain unresolved today.
Consumer Protection Takes Center Stage
According to Belive, consumers currently face uncertainty over which regulator oversees digital assets and what standards companies must follow. She said the Clarity Act would define the responsibilities of both the Commodity Futures Trading Commission and the Securities and Exchange Commission.
The proposal would also require regulatory oversight before digital tokens enter the market. Belive argued that those measures would create clearer protections for consumers across the industry.
She added that companies already following responsible practices would continue doing so. However, she said consistent rules would establish the same standards for every market participant.
Senate Vote Approaches
As the legislation moves toward a Senate floor vote, Ripple executives continue urging lawmakers to support the proposal. According to Belive, lawmakers face a choice between establishing federal guardrails or leaving consumers exposed to companies exploiting regulatory uncertainty.
She also argued that opposing the Clarity Act while supporting stronger regulation creates a contradiction because the bill is designed to establish a regulatory framework for digital asset markets. Alderoty echoed that position, stating that rejecting the legislation would preserve the existing conditions that have previously allowed misconduct within the crypto sector.
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Kingstown, St. Vincent and the Grenadines, July 16th, 2026, Chainwire
Cryptocurrency exchange Bitunix has launched the Bitunix Card, a Visa-powered payment solution that allows users to spend their funds on everyday purchases, and earn yield on idle balances.
The launch reflects a growing demand for practical crypto products that connect digital assets with everyday spending. Instead of moving funds between multiple platforms, Bitunix users can now manage payments, and earnings from one place.
The Bitunix Card can be used at more than 130 million merchants worldwide that accept Visa payments. Users can pay for everyday services and subscriptions such as Uber, ChatGPT, Amazon, Spotify, and Netflix, while also using the card when traveling internationally. Payments are completed instantly, allowing users to spend their crypto as easily as they would with any traditional payment card. The card offers up to 8% cashback on eligible spending, with rewards capped at 1,000 USDT monthly.
To support everyday payments across different regions, the Bitunix Card is compatible with major digital wallets such as Apple Pay, Google Pay and Paypal, as well as selected regional payment platforms and local payment networks.
Available through the Bitunix web platform as well as its iOS and Android applications, the card is designed to give users more utility for their USDT beyond trading. Through a unified dashboard, users can manage card balances, transfer funds between accounts, track transactions, monitor cashback rewards, and control card settings in one place.
The card applies standard regional network processing fees, while eligible users may offset these costs through cashback rewards, depending on their VIP tier.
In addition, eligible balances held on the card can automatically earn yield, reaching up to 11.6% annually, depending on the asset and applicable conditions.
“The Bitunix Card goes far beyond payments. It unlocks a seamless, high-yield financial ecosystem built for everyday global commerce,” said Bitunix’s Chief Strategy Officer, Steven Gu.
The card comes with no issuance fee and no monthly maintenance fee. To activate the card, users are required to transfer a minimum balance of 100 USDT to their card account. The funds remain fully available for spending and do not represent an activation fee.
Users can apply for the Bitunix Card directly through the Bitunix platform. The card is offered to eligible Bitunix users who have completed the platform's identity verification process and reside in supported regions.
The launch is part of Bitunix's broader effort to make cryptocurrency more practical for everyday use. By combining spending and earning features in a single product, Bitunix gives users more ways to put their digital assets to use in everyday life.
For more information about the Bitunix Card and application details, users can visit the official Bitunix Card page.
About Bitunix
Bitunix is a global cryptocurrency derivatives exchange trusted by over 5 million users across more than 150 countries. Guided by its core principle of better liquidity, better trading, the platform is built for traders who expect more, committed to providing Ultra Trust, Ultra Products, and Ultra Experience. Bitunix offers a fast registration process and a user-friendly verification system to ensure safety and compliance. With global standards of protection through Proof of Reserves (POR) and the Bitunix Care Fund, the exchange prioritizes user trust and fund security. Industry-first innovations like Fixed Risk, TradingView-powered chart suite, along with indicator alerts, cloud-synced templates, provide both beginners and advanced traders with a seamless experience. Making Bitunix one of the most dynamic platforms on the market.
Bitunix Global Accounts
X | Telegram Announcements | Telegram Global | CoinMarketCap | Instagram | Facebook | LinkedIn | Reddit | Medium
ContactCOO
Kx Wu
Bitunix
kx.wu@bitunix.io
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
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BNB Chain burned over 1.61 million BNB, lowering the circulating supply to about 133.17 million tokens.
Quarterly burns now occur directly on BNB Smart Chain following the Fusion network upgrade.
The Auto-Burn and BEP95 mechanisms continue reducing BNB supply toward the 100 million token target.
BNB Chain has completed its 36th quarterly BNB burn, removing more than 1.61 million BNB from circulation on July 15. According to the BNB Foundation, the destroyed tokens were worth about $932 million at the time, reducing the total BNB supply to 133,166,127.91 while advancing the network's long-term supply reduction program.
https://twitter.com/WuBlockchain/status/2077354437245600191?s=20
Quarterly Burn Moves Fully To BSC
According to the BNB Foundation, the latest burn permanently removed 1,615,827.795 BNB from circulation. The transaction carried an estimated value of approximately $931.7 million when it occurred. Notably, this burn marks a change in execution.
Following the BNB Chain Fusion upgrade, this quarter's burn and future burns now occur directly on BNB Smart Chain. The corresponding tokens move to the network's designated blackhole address, where they become permanently inaccessible.
Auto-Burn Targets Fixed Supply
The quarterly burn follows BNB Chain's Auto-Burn mechanism, which independently calculates the number of tokens to remove. According to the BNB Foundation, the formula considers BNB's market price and the number of blocks produced on BNB Smart Chain during each quarter.
The process operates independently from Binance's centralized exchange. Additionally, it remains publicly auditable through on-chain data.
BNB Chain also adjusted the Auto-Burn formula after the Lorentz, Maxwell and Fermi upgrades. Those network improvements increased block production speed, requiring parameter updates while maintaining the original supply reduction approach.
Real-Time Burn Continues Alongside Auto-Burn
Besides quarterly burns, BNB Chain also uses a real-time burning mechanism through BEP95. Under that system, validators determine how much of each block's gas fees are permanently destroyed.
According to the BNB Foundation, roughly 291,000 BNB has already been removed through the gas fee burn mechanism.
BNB serves as the native asset across the BNB Chain ecosystem, including BNB Smart Chain, opBNB Layer 2 networks and BNB Greenfield. Beyond transaction fees, it also supports governance participation and functions as a reserve asset while the network continues reducing its circulating supply toward a target of 100 million BNB.
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DTCC processed live trades using tokenized DTC securities across private and public blockchain networks.
More than 30 financial institutions participated in testing tokenized settlement, collateral, and securities workflows.
The milestone advances DTCC's Tokenization Service ahead of its planned October 2026 launch.
DTCC has completed live production trades using tokenized securities held at The Depository Trust Company, marking a key step before its Tokenization Service launches in October 2026. According to DTCC, the July 15 initiative involved more than 30 financial institutions and digital asset firms, demonstrating how DTC-custodied assets can move between traditional and blockchain-based markets.
Live Transactions Validate Tokenization Service
According to DTCC, securities held at DTC were converted into tokenized representations before completing production transactions across multiple blockchain networks. The digital conversions took place on HyperLedger Besu, DTCC's private network, and Canton, a public blockchain, reflecting the firm's multi-chain approach.
The initiative covered several real market activities over several hours. These included collateral pledges, securities lending, U.S. Treasury and repo delivery-versus-payment trades, equity delivery-versus-payment trades, equity delivery-versus-delivery transactions, equity token transfers and central counterparty margin workflows.
DTCC said the transactions tested whether tokenized assets could maintain the same operational standards as traditional securities while supporting blockchain-based settlement.
Broad Industry Participation
More than 30 organizations joined the production event. Participants included BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, New York Stock Exchange, Chainlink, Circle, CME Group, Microsoft, State Street Investment Management, Vanguard, Citadel Securities and Tradeweb.
According to DTCC President and CEO Frank La Salla, the initiative showed that tokenization can operate with the same institutional safeguards applied to traditional financial markets.
Meanwhile, Brian Steele, President of Clearing and Securities Services at DTCC, said DTC-tokenized securities retain existing investor protections, ownership rights and entitlements while supporting greater operational flexibility.
October Launch Draws Closer
The production milestone comes ahead of DTCC's planned Tokenization Service launch in October 2026. According to Managing Director Nadine Chakar, DTCC developed the platform alongside its Industry Working Group, which now includes more than 100 members and partners.
The milestone also follows the U.S. Securities and Exchange Commission's No-Action Letter issued to DTC seven months earlier. That authorization allows DTC to operate a tokenization service for real-world assets held in its custody. The service enables participants to convert securities between traditional and tokenized formats while using compatible digital wallets and blockchain applications.
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Jesse Pollak said Base is moving away from social products to focus on blockchain financial infrastructure.
Base will prioritize trading, stablecoin payments, and AI agents as its core growth areas for 2026.
Pollak handed the Base App to Coinbase leadership while returning his focus to Base's blockchain development.
Base founder Jesse Pollak said he has changed the blockchain's direction after reassessing its performance during 2026. According to Pollak, months of reflection and community feedback led him to move away from social products and refocus Base on trading, payments and AI agents, while handing the Base App back to Coinbase under Cobie's leadership.
Pollak Admits Social Strategy Fell Short
According to Pollak, Base entered 2026 believing builders and social experiences would drive the next wave of crypto adoption. However, he said builders succeeded while social products, including creator coins, Farcaster, Zora and miniapps, failed to deliver the expected growth.
He acknowledged that the strategy left Base behind in several important markets. Notably, he said competitors moved ahead in perpetual futures, prediction markets, tokenization and payment infrastructure.
Pollak added that the experience damaged confidence in Base and exposed weaknesses in its priorities. As a result, he shifted his attention from the Base App back to the blockchain itself and resumed writing code.
Base Returns To Financial Infrastructure
The strategic shift also changes leadership responsibilities. According to Pollak, Cobie will now lead development of the Base App within Coinbase, while Pollak concentrates entirely on Base's blockchain infrastructure.
He argued that crypto adoption no longer depends on social applications. Instead, he believes stablecoins, prediction markets, perpetuals and tokenization provide stronger paths toward broader blockchain adoption.
Pollak also said Base intends to become infrastructure for global finance rather than focusing on consumer social experiences.
Trading, Payments And AI Lead 2026 Plans
Looking ahead, Pollak identified trading, payments and AI agents as Base's three priorities for 2026. Trading will cover tokenized stocks, meme tokens, app coins and other digital assets.
Meanwhile, payments will focus on expanding global stablecoin transactions for consumers and businesses. He also said AI agents represent another major priority because crypto-native payments can support automated economic activity.
Alongside those efforts, Pollak reaffirmed support for developers through programs including Base Layer, Base Batches and the Base Ecosystem Fund. He added that builders remain the foundation of Base and said his attention is now fully dedicated to supporting projects developing on the blockchain.
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