Tokenized Anthropic Rises to $1,800 Range, Implying $1.6T–$1.84T Valuation
Anthropic tokenized asset (ANTHROPICUSDT) listed on Binance Pre-IPO Perpetual Futures has seen active trading, with prices fluctuating between $1,600 and $1,842; based on the contract's estimated benchmark share count of 1 billion shares, the pre-market derivatives pricing implies a valuation of ~$1.6 trillion to $1.84 trillion for Anthropic, whereas in traditional private markets, Anthropic completed a $65 billion Series H round in May 2026 at a $965 billion post-money valuation, indicating a 65% to 88% premium in the crypto pre-market that aligns closely with Wall Street investment banks' $1.5 trillion to $2 trillion IPO valuation expectations.
Justin Sun Responds After Binance Announces Restrictions on Transactions Involving HTX
Justin Sun said he had spoken with Binance, which clarified that its restrictions on transactions involving HTX and other platforms apply only to users in the UK and EU. HTX does not operate in the UK or EU and is currently negotiating settlements with regulators in the two regions. Users affected during this process can contact HTX customer support, and HTX will coordinate a resolution. Earlier, Binance announced that it would stop processing transactions involving HTX, EXMO, and nine other platforms.
DeFiLlama Founder Says Months of Appeals to Apple Failed to Remove Fake App
DeFiLlama founder 0xngmi said the team had spent months reporting a fake DeFiLlama app on the Apple App Store for trademark infringement and impersonation, but Apple did not remove it. The team then deposited a small amount of funds into a test wallet and used the app; after entering the seed phrase as instructed, the funds were stolen. After submitting evidence, Apple removed the app within days. 0xngmi said the attackers had also created similar fake apps targeting multiple major crypto brands.
1. Ethereum L1 to Abandon Poseidon, Shift to SHA or BLAKE Hash Schemes link Justin Drake, researcher at the Ethereum Foundation, stated that the EF will no longer advance Poseidon as the hash scheme for Ethereum L1, and will instead adopt traditional hash functions such as SHA or BLAKE. Recent breakthroughs in binary‑field‑based SNARK design enable conventional hash functions including SHA2 and BLAKE2s to deliver SNARK‑performance comparable to Poseidon. This reduces reliance on specialized SNARK‑friendly hash functions and steers Ethereum toward a hash‑heavy post‑quantum cryptography roadmap. Drake noted that the EF post‑quantum team is pursuing development along this direction. The current roadmap targets a production‑grade leanVM in 2027, followed by deployments across the consensus, data and execution layers in 2028. 2. Robinhood Chain Becomes the Largest Network by NFT Trading Volume link Robinhood Chain’s daily NFT trading volume hit $3.13 million, surpassing Ethereum to become the network with the largest NFT trading volume. The recent popularity of combinations of NFT, meme‑coin and RWA gameplay represented by StonkBrokers on Robinhood Chain has driven the surge in NFT trading volume on the chain, and the market cap of StonkBrokers NFT once exceeded that of BAYC. Robinhood Chain recorded an average of 11.6 million daily transactions last week, hitting a new all‑time high and rising by roughly 30 % week‑on‑week. Its on‑chain total value locked (TVL) climbed to $473 million, representing a 32 % weekly increase. Nevertheless, daily active accounts grew by merely 3.3 % and remained 11 % below the peak recorded on July 16, indicating that the growth in trading volume and TVL has not translated into user‑base expansion. Meanwhile, the supply of USDe on Robinhood Chain has expanded from $17 million one month ago to $253 million, accounting for approximately 43 % of the chain’s total stablecoin supply and serving as a key driver of TVL growth. 3. Hyperliquid to Enable Auto‑Earn Native Lending Interest for Unused HLP Cash link Hyperliquid founder Jeff announced that following the next network upgrade, HLP will automatically deploy USDC not utilized for market‑making into the HyperCore native lending pool to accrue interest. On‑chain data shows HLP currently holds approximately $188.7 million in TVL, of which around $148.7 million sits as idle cash in the main account, accounting for nearly 79 % of total capital, with another $40.06 million allocated across seven sub‑strategies. The Hyperliquid native lending pool presently has about $176 million in USDC supplied and $112 million borrowed, corresponding to a 63.7 % utilization rate, a 5 % annualized borrowing rate and roughly 2.87 % annualized supply yield. This move marks HLP’s evolution from a pool primarily for market‑making and liquidation purposes toward a multi‑strategy vault with automated capital allocation. 4. Uniswap Test Token Discovered by Market; Team Switches All Creator Fees to Buy‑and‑Burn link Uniswap founder Hayden Adams stated that tokens created by the team during Pools trade testing were never meant to be discovered externally. All creator fees generated from Uniswap‑staff‑led tests have now been waived, and both past and future relevant fees will be routed to an auto‑buy‑and‑burn contract. Fees will be unlocked in ETH, and anyone may claim the ETH by burning the corresponding tokens. Adams added that he is considering opening this mechanism for other token deployers. 5. ENS DAO Passes Governance Proposal; ENS Foundation Becomes Formal Operator link Ethereum Name Service (ENS) announced that token holders have passed and executed the “Next Era of ENS DAO” proposal, establishing the ENS Foundation as a formal operating body with a full‑time executive director, staff and a five‑member board of directors. The foundation will handle engagements with bodies including ICANN, IETF and W3C, advance work on the .ens top‑level domain, conduct regulatory outreach and manage brand protection, while ENS Labs will remain in charge of protocol and product development. The ENS tokens held by the DAO account for 54.6 % of the total supply and remain under token‑holder control; only a one‑time allocation of 1 million ENS has been transferred to the foundation to cover staff compensation under the established framework. Transactions for the ENS Endowment will adopt an additional 9‑day timelock, and the ENS Security Council is empowered to block operations exceeding the foundation’s authorized scope. Foundation board directors are appointed and removed by token holders. The inaugural five‑member board comprises Executive Director Alexander Urbelis, ENS founder Nick Johnson, alongside Kartik Talwar, Brett Sun and Anthony Leutenegger. 6. Solana‑Based Lending Protocol Jupiter Launches Lend v2 link Solana‑ecosystem lending protocol Jupiter has launched Lend v2, enabling deposited and borrowed assets to simultaneously serve as trading liquidity, so the same capital can generate both lending yields and swap fees. The new release includes optional Smart Collateral and Smart Debt features. Smart Collateral automatically deploys USDC, USDT, SOL or JupSOL into highly‑correlated liquidity pools, while Smart Debt lets borrowed assets accrue trading fees to offset part of borrowing costs. Jupiter Lend currently holds roughly $1.9 billion in deposits and around $823 million in active loans. 7. UniSat Raises Default Wallet Mnemonic From 12 to 24 Words; Existing Users Require No Urgent Migration link UniSat has released its August 2026 security update. Browser‑extension wallet version v1.7.19 changes the default mnemonic length for newly‑created wallets from 12‑word to 24‑word, and optimizes wallet‑creation and mnemonic‑management workflows. UniSat states that this represents a long‑term security‑configuration upgrade. Existing 12‑word wallets remain BIP‑39‑compliant and do not require urgent migration solely due to the revised default setting. Multiple recent community‑submitted security reports have also been addressed via fixes or hardening measures based on impact scope. 8. 15 x402 Payment Service Providers Including Coinbase Each Violate At Least One Security Rule link A study published at the 35th USENIX Security Symposium tested 15 major x402 payment service providers including Coinbase, Thirdweb, PayAI and Mogami, finding that every tested platform violated at least one security rule, with a total of 49 rule violations and 31 distinct vulnerabilities. The covered providers accounted for 99 % of x402‑transaction volume and 98 % of payment value during the study period, though this does not imply vulnerabilities exist for the same share of transactions. The research categorized risks as free‑of‑charge goods or‑service acquisition, asset theft, service disruption and gas‑fee abuse, and validated six attack paths under constrained conditions; researchers did not actually transfer provider‑held assets. Coinbase, PayAI and Mogami collectively acknowledged six vulnerabilities, some of which have been fixed while others remain in progress. The real‑world deployment scope of these fixes across live x402 infrastructure remains unclear. 9. MegaETH Native Stablecoin USDm Supply Plunges Over 95% From Peak to Around $18 Million link The current supply of MegaETH‑native stablecoin USDm stands at around $18 million, representing a drop of over 95 % from its roughly $600‑million peak in May this year. Launched jointly by MegaETH and Ethena, USDm deploys its reserve capital into BlackRock’s BUIDL fund, with generated yields used for MegaETH token buy‑and‑burn operations. Based on the present $18‑million supply and a 3.6 % SOFR rate, Castle Labs estimates USDm can generate approximately $650,000 in annual yield, and attributes the sharp supply contraction to declining on‑chain usage on MegaETH. 10. World Liberty Financial Delays Revenue‑Sharing Token for Maldives Trump‑Branded Resort Amid Iran Conflict link World Liberty Financial and its partners have postponed the digital‑token issuance tied to the Trump‑branded resort development in the Maldives. Originally scheduled for launch this spring, the token would have granted investors partial proceeds from financing loans for the resort. The rollout has been delayed amid regional‑travel disruptions stemming from the Iran‑related conflict, and no new launch date has been set. Developed by UK‑listed firm DAR Global, the project was intended as one of World Liberty’s flagship real‑world‑asset tokenization initiatives. The firm had previously also discussed tokenizing real‑estate properties, investment funds, oil and gold. Follow us Twitter: https://twitter.com/WuBlockchain Telegram: https://t.me/wublockchainenglish
Highlight Clip: CZ: Crypto Illegal Activity Rate Is 100x Lower Than Traditional Finance
CZ: Crypto Illegal Activity Rate Is 100x Lower Than Traditional Finance On July 31, 2026, Binance founder CZ said in an interview at the ASEAN Tech Summit that the crypto industry has long faced criticism over illegal transactions, but the data tells a different story. According to the figures discussed, illegal activity accounts for around 0.0014% of crypto transactions, far below the 2%–5% estimated for traditional finance. CZ argued that blockchain’s transparency and traceability make fund flows easier to analyze and monitor. He emphasized that criminal activity should be separated from the technology itself: just because criminals use banks or fiat currencies does not mean the banking system or currencies themselves are the problem.
Cosmos Ecosystem’s Second-Largest Wallet Cosmostation to Shut Down
Cosmos ecosystem wallet Cosmostation announced it will discontinue its wallet services. Starting September 1, Cosmostation Wallet will retain only seed phrase and private key export functions, while all other features will be gradually discontinued across its iOS, Android, and Chrome extension versions, with the app itself eventually shutting down. Cosmostation has operated since 2018 and ranks second in the Cosmos ecosystem by market share.
According to SoSoValue data, on August 14 (ET), spot Bitcoin ETFs recorded a total net outflow of $57.63 million, marking the third consecutive day of net outflows. Spot Ether ETFs recorded zero net inflows or outflows on the same day.
Cboe Seeks SEC Approval for First US 3x Bitcoin and Ether ETFs
According to The Block, the SEC published a notice on August 14 stating that Cboe BZX Exchange had filed a proposed rule change to list and trade Volatility Shares' 3x Bitcoin ETF and 3x Ether ETF, which could become the first triple-leveraged Bitcoin and Ether ETFs in the United States. The two funds would primarily use CME Bitcoin and Ether futures to seek three times the daily performance of their respective underlying assets. Because Cboe's generic listing standards prohibit leveraged products, the proposed listings require separate SEC approval. The same filing also covers 3x leveraged ETFs tied to gold, silver, crude oil, and natural gas. The application was filed on August 10 and has not yet been approved.
Galaxy Research: Odds of CLARITY Act Passage This Year Decline
Galaxy Research stated that the likelihood of the U.S. crypto market structure bill, the CLARITY Act, passing in 2026 is declining. Uncertainty surrounding the legislation has prompted the SEC and CFTC to accelerate administrative measures, including rulemaking, interpretive guidance, and regulatory exemptions, to provide clearer rules for digital asset issuance, trading, and market oversight. Galaxy noted that these measures could temporarily fill regulatory gaps while legislation remains stalled, but they lack the legal durability of formal legislation and could be revised or reversed by a future administration. As a result, they cannot replace a long-term regulatory framework established by Congress.
Highlight Clip: Grant Cardone: How the Wealthy Use Real Estate and Bitcoin to Cut Taxes
Grant Cardone: How the Wealthy Use Real Estate and Bitcoin to Cut Taxes Grant Cardone, CEO of U.S. real estate investment firm Cardone Capital, said in an August 8 interview with DraperTV that Bitcoin is "real estate without the tenants or property taxes." He explained how wealthy people operate: instead of selling assets, they borrow against them. In real estate, rising rents can allow an owner to refinance roughly every seven years, recover the original capital while still keeping the property, and pay no income tax on the refinancing proceeds. Cardone said he is combining this model with Bitcoin, using real estate projects to fund Bitcoin investments while also generating cash flow and tax write-offs.
In March 2026, former Bybit Co-CEO Helen Liu announced on X the creation of a new U.S.-based platform, ABFinance, which holds compliant U.S. licenses from the outset.
World Liberty Trust Wins Preliminary OCC Approval for National Trust Bank Charter
The U.S. Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for World Liberty Trust Co. to become a national trust bank. The company plans to take over from BitGo as the exclusive issuer and custodian of World Liberty Financial’s USD1 stablecoin for institutional clients nationwide, while also providing digital asset custody services to institutional clients. World Liberty Trust does not intend to become a federally insured depository institution or a “bank” under the Bank Holding Company Act, and it does not plan to seek access to a Federal Reserve master account. Final approval remains subject to preopening requirements.
Israel’s Largest Bank Leumi to Offer Bitcoin, Ether and Solana Trading in 2027
Bank Leumi, Israel’s largest bank, will become the country’s first bank to offer digital asset trading, allowing Leumi and PEPPER customers to buy, hold and sell Bitcoin, Ether and Solana directly through its Leumi Trade app starting in early 2027. The service will use GalaxyOne Institutional for trading and Galaxy’s custody infrastructure for safekeeping.
South Korea’s Largest Crypto Exchange Upbit Sees Q2 Operating Profit Fall 73% QoQ
Upbit operator Dunamu reported Q2 revenue of KRW 173.5 billion ($123 million) and operating profit of KRW 23.5 billion ($16.7 million), down 26.1% and 73.3% quarter over quarter, respectively. Net profit was KRW 39.0 billion ($27.6 million), down 60.0% year over year. For the first half, operating profit fell 79.7% year over year to KRW 111.5 billion ($79 million). Dunamu attributed the decline to weaker liquidity and cooling investor sentiment across the global crypto market.
StablecoinX Holds 3B ENA, About 20% of Total Supply
StablecoinX, the Nasdaq-listed Ethena treasury company, reported holding approximately 3 billion ENA as of June 30, worth about $218.4 million and representing roughly 20% of total supply. The company posted a Q2 net loss of $34.2 million, driven mainly by $36.2 million in digital-asset impairment charges. Total assets stood at about $232.6 million, including $18.9 million in cash and cash equivalents.
Highlight Clip Pump fun co-founder explains why they hardly communicate with the community?
Pump fun co-founder explains why they hardly communicate with the community? On August 8, 2026, during an interview with Crypto Insider, Pump fun co-founder Noah Tweedale admitted that reducing social media communication after the team raised funds was a mistake, and the market had priced this negatively. However, he believed that CZ does not make weekly updates on BNB's progress, and even if Brian Armstrong communicates publicly, the frequency might not meet the expectations placed on the Pump fun team at the time. Noah Tweedale stated that during a continuous decline in token prices, the market easily forms a self-reinforcing negative loop: falling prices trigger public doubts about the authenticity of the project's revenue, and such doubts put further pressure on the price. Although the team did not stop long-term building during this time, they may have overlooked the importance of communication.
SEC Delays Tokenization “Innovation Exemption,” Strategy Sells 1,690 BTC, Anthropic Signs $9.1B AI Deal With Riot, and Russia Opens BTC, ETH and USDT to Retail Investors, etc. For the complete article and weekly curated reports, subscribe to our Substack:
Binance to Stop Processing Transactions Involving 11 Crypto Platforms From August 23
Binance announced that, following recent regulatory developments, it will stop processing transactions involving certain crypto-asset service providers and platforms. Restrictions on Shelbit and Aban Tether Exchange took effect on August 7, while A7 Nigeria, A7 Africa and PilotFinance Ltd were restricted from August 13. Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, HTX (Huobi Global SA) and EXMO Ltd will be restricted from August 23. Binance said transactions attempted after the effective dates may be held for compliance review, with related wallets potentially subject to restrictions.
WuBlockchain Weekly: Li Lin Launches Crypto‑Friendly Broker, Bitcoin Miners Shift Fast to AI and ...
1. SEC Further Delays Tokenization “Innovation Exemption”, Awaiting Clarity Act Outlook link According to crypto journalist Eleanor Terrett, the SEC’s token‑related “innovation exemption” initiative has been further delayed, with details not expected to be released anytime soon. Sources note that one contributing factor may be ongoing negotiations among stakeholders over token‑provisions in Section 10505 of the Clarity Act. Should the SEC move forward with measures via the innovation exemption, it could undermine compromises reached around that section. As a result, the exemption may remain on hold until the path forward for the Clarity Act becomes clearer. The SEC still plans to hold a public meeting at a later date to discuss new rules and exemptions for crypto‑asset financing transactions, namely Regulation Crypto Assets. The innovation exemption proposal would potentially allow public companies to oppose third‑party tokenization of their stocks, and may require relevant trading platforms to be U.S.‑based entities with strengthened anti‑money‑laundering controls. The SEC originally planned to release the exemption in May but postponed it following feedback from stock exchanges, public companies and other market participants. Meanwhile, the Clarity Act has previously stalled amid partisan disputes over ethics restrictions for public officials regarding crypto‑related activities. Senate Majority Leader John Thune has filed a cloture motion in preparation for a procedural vote in mid‑September. 2. Russia’s Central Bank Proposes Allowing Non‑Qualified Investors to Buy BTC, ETH and USDT With Annual Caps link The Bank of Russia has released a draft set of rules for cryptocurrency purchases, proposing that non‑qualified investors may buy a maximum of 300,000 rubles (approximately 3,645 US dollars) worth of crypto‑assets per year through each broker, crypto‑exchange operator or asset management firm. Currently permitted tokens include BTC, ETH and USDT, with screening criteria covering market capitalization, average daily trading volume and at least five years of overseas price history. Qualified investors face no purchasing limits for crypto‑assets on exchanges and over‑the‑counter markets. All investors must complete a risk test prior to trading, and public comments on the draft will be accepted until August 24. 3. Bitcoin Miners’ Fee Revenue Share Drops to 0.69%, Near 10‑Year Low link Glassnode data shows that Bitcoin transaction fees currently account for only 0.69% of miner revenue, remaining near the 10‑year low of 0.52% hit in April this year. The fee‑revenue share has stayed below 1% for nearly one year, with miner income relying more heavily on the 3.125‑BTC per‑block subsidy. According to Checkonchain, Bitcoin’s total network hashrate has fallen from its October 2025 peak of 1.3 ZH/s to 861 EH/s, representing a roughly 33% decline. The estimated average production cost per BTC now stands at $78,254, around 23% above the spot price at that time. 4. Strategy Sells 1,690 BTC to Repurchase STRC link Strategy sold 1,690 BTC at an average price of $64,262 between August 3 and 9, generating approximately $108.6 million in proceeds, all of which were used for STRC repurchases. During the same period, the company raised around $653.1 million by selling 6.59 million MSTR shares, of which $650 million was deployed to boost its U.S. dollar reserves to $4.65 billion. Strategy currently holds 840,447 BTC with an aggregate cost basis of roughly $63.36 billion and an average acquisition price of $75,385 per BTC. Michael Saylor, Executive Chairman of Strategy, published data from the firm’s BTC Credit model. The model adopts reference assumptions of a 10% annualized BTC return, a BTC price of $63,701, and 40% volatility, and marks credit spreads across investment‑grade, high‑yield and distressed tiers. Per the model, Strategy’s BTC reserve is valued at $53.54 billion and its U.S. dollar reserves stand at $4.65 billion. The BTC floor price for STRC is $16,184, meaning undercollateralization would occur if BTC trades below this level; its implied BTC risk stands at 8.84% with a credit spread of 115 basis points. The combined notional size of the company’s debt and preferred stock amounts to $21.952 billion, yielding an overall BTC floor price of $20,587. In an interview, Strategy CEO Phong Le stated that notwithstanding market attention around recent partial position sales, the firm plans to resume Bitcoin accumulation later this year. Phong Le noted that year‑to‑date, Strategy has bought approximately 175,000 BTC while selling roughly 7,000 BTC, putting purchases at about 25 times sales volume. He emphasized that proceeds from recent Bitcoin sales have primarily funded preferred‑stock dividend payments, share buybacks and U.S. dollar reserve building, and that the company will restart Bitcoin purchases within the year amid adjusted business priorities. 5. Fidelity Plans to Add Staking and Quarterly Cash Distributions to Its $900M Ethereum ETF link Fidelity plans to add ETH staking and quarterly cash distributions for the Fidelity Ethereum Fund (FETH), which has a net asset value of $898 million. Under normal circumstances, the fund may stake up to 100% of its held ETH with no minimum‑staking requirement, and will retain part of its ETH for redemptions, expenses and other liquidity needs. The fund will keep 85% of total staking rewards, while the remaining 15% will be paid to the fund sponsor, custodians and node operators. Net staking rewards will first be applied to cover fund expenses, and any surplus will be distributed in cash on a quarterly basis. The fund may sell part of its ETH to raise funds for distributions when necessary. 6. Anthropic Signs $9.1B AI Computing Deal With Bitcoin Miner Riot link Anthropic has reached a long‑term cloud‑computing agreement worth approximately $9.1 billion with bitcoin miner Riot Platforms to lock in computing power for Claude. Riot will supply 191MW of data‑center capacity from its Rockdale campus in Texas under a 20‑year contract. This marks Riot’s further shift from bitcoin mining toward AI data‑center operations. Separately, on August 4, bitcoin miner MARA closed two loans with Coinbase Credit and Two Prime Lending respectively, putting up 18,750 BTC as collateral. The collateral was valued at roughly $1.2 billion at the time, securing about $600 million in new capital. The combined principal of the two loans stands at $750 million. The $450‑million Coinbase loan includes the refinancing of an existing $150‑million credit facility, translating to $300 million in fresh proceeds, while Two Prime provided an additional $300‑million loan. The Coinbase loan carries a current interest rate of around 7.5%, and Two Prime’s loan bears a fixed rate of 7.65%. Both loans mature in 2028. MARA stated that proceeds will be used for general corporate purposes including energy‑asset acquisitions and the expansion of bitcoin‑mining, AI and high‑performance‑computing infrastructure. 7. Li Lin‑Backed Avenir Group Quietly Launches UMX Targeting Crypto‑Friendly Securities Platform link UMX (The Unified Market Exchange), incubated by Li Lin‑backed Avenir Group, has launched its invitation‑only public beta. According to official disclosures, UMX positions itself as a “crypto‑friendly securities platform” and plans to deliver both crypto‑asset trading and real‑world US stock trading services within a single platform. Based on publicly available materials, UMX’s product design centers on capital flow and improved capital efficiency between crypto markets and securities markets. For users participating in both markets, traditional brokerages and crypto trading platforms typically maintain separate accounts, funds and margin requirements. UMX attempts to consolidate relevant trading and capital workflows onto one platform. Under its disclosed product framework, UMX functions more as a unified‑account system integrating brokerage, crypto exchange and cross‑market capital‑management capabilities, rather than merely offering crypto‑asset and US‑stock trading side‑by‑side. According to UMX, the platform has rolled out its invitation‑only public beta alongside pre‑registration for the official release. Users holding a beta code may register via the official website or App and access available features subject to their jurisdiction, account qualifications and product‑access rules. Capabilities opened during public beta include US stocks, ETFs, US stock options, crypto‑asset trading, cross‑asset transfers, and crypto‑stock conversion functions. 8. Wintermute Plans $1B Investment Over 5 Years in High‑Frequency Trading and AI Infrastructure for Traditional Market Expansion link Crypto market‑maker Wintermute plans to invest approximately $1 billion over the next five years in high‑frequency trading and AI data‑center infrastructure, with funding expected from retained earnings, while expanding into equities, commodities, foreign exchange and prediction‑market businesses. Wintermute CEO Evgeny Gaevoy stated that the firm’s average daily trading volume has fallen from around $15 billion last year to $10 billion this year. Roughly 10 % of its current revenue comes from non‑crypto markets, with a target to lift this share above 50 % by the end of 2027. Its U.S. affiliate is registered as a broker‑dealer, enabling trading in stocks and stock options and acting as an authorized participant for exchange‑traded products. Wintermute also intends to double its New‑York headcount from the current 17 employees next year and expand its global workforce by 40 %. 9. Andre Cronje: Pure DeFi No Longer Exists; Ecosystem Has Evolved Into “On‑Chain Finance” link Andre Cronje, founder of Flying Tulip and core developer of Fantom, recently stated on a program that the vast majority of decentralized‑finance (DeFi) protocols are no longer genuinely decentralized. According to Cronje, “true DeFi” must feature decentralization, immutability and disintermediation, attributes that most currently operating protocols fail to satisfy. He pointed out that with the adoption of circuit‑breakers, emergency controls, decision‑makers, curators and risk committees mirroring traditional banking structures, DeFi has evolved into a new financial paradigm dubbed “onchain finance” or open finance, sacrificing part of its original immutability and decentralization. DefiLlama data shows DeFi total value locked (TVL) has halved over the past ten months, falling from $167 billion in early October 2025 to $75 billion. 10. GSR: Crypto Bull Market Return Requires Cooled‑Off AI Investment and Fed Rate Cuts link Spencer Hallarn, Head of Markets at GSR, said in a recent interview that the crypto market is currently sluggish, partly due to large‑scale capital rotation by investors into the AI sector, with equity financings for AI‑infrastructure projects from big‑tech firms further tightening overall market liquidity. Amid current market conditions, client demand for long‑term budget planning, OTC hedging structures and real‑world‑asset (RWA) solutions has risen significantly. Regarding the tokenization trend, Hallarn noted that many closed‑end tokenization platforms with heavy KYC requirements lack meaningful trading activity. The real opportunity for tokenization lies not merely in wrapping assets into tokens, but in repairing the underlying pipelines of traditional banking and settlement. He believes market liquidity could flow back and support Bitcoin higher should AI‑related investment cool off and the Federal Reserve commence interest‑rate cuts. Fundraising Kalshi’s valuation could rise to $40 billion, with Sequoia and Wellington in talks for a new financing round link Former bitcoin‑mining firm Firmus has secured $2 billion in financing to accelerate the construction of AI data centers in Australia link Spatial‑data DePIN project Vangrid has closed a $9‑million seed round to expand its Physical AI data network link Crypto travel‑infrastructure startup Entravel has completed $7.5‑million financing to build a stablecoin settlement system link Learn more, check out crypto-fundraising.info. Follow us Twitter: https://twitter.com/WuBlockchain Telegram: https://t.me/wublockchainenglish
Largest Crypto Card Provider RedotPay Delays IPO After Binance Lawsuit
According to Bloomberg, stablecoin payments firm RedotPay has delayed its planned U.S. IPO from this year to potentially 2027 or later as it seeks regulatory approvals and deals with legal issues. The company had previously been targeting a valuation of more than $4 billion and seeking to raise over $1 billion in the offering. The delay comes after Binance-linked entities sued RedotPay’s founders for nearly $473 million, alleging the company improperly diverted more than 470,000 Binance Card users to its own card product.
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