MSX data shows US chip stocks declined, with the Philadelphia Semiconductor Index down approximately 5%. AMD fell over 8%, NVIDIA dropped more than 7%, and Intel declined nearly 4%.
Ondo Finance Launches Ondo Network to Replace Ondo Chain Roadmap
Ondo Finance launched Ondo Network as a new execution layer and called it an evolved version of Ondo Chain. Ondo said Ondo Network will no longer run in parallel with Ondo Chain. Asset transfers currently settle on Ethereum, and Ondo plans support for more public chains in the future.
Bitcoin ETFs Shed Over $475M, Ending Seven-Day Inflow Streak
Farside Investors data shows American Bitcoin ETFs had over $475 million redeemed on Thursday and Friday, ending a seven-day inflow streak. The funds had attracted $999.3 million from July 14-22, while Morgan Stanley’s Bitcoin Trust still took in nearly $9 million during the outflow period.
Zcash Ironwood Upgrade Goes Live Tomorrow With $1.89B Pool Lock
Zcash's Ironwood upgrade goes live at block 3,428,143 and locks a private pool holding 3.76 million ZEC worth about $1.89 billion. Holders can move funds out of that pool, but holders cannot move funds inside it. Node operators must install the Zcash Foundation's Zebra 6.0.0 release before Tuesday.
Micron stock gained 12% this week as record earnings, tight memory supply, and AI demand supported the rally. MU stock closed at $920.95 on July 24, down 6.99% from the previous close. Fiscal Q3 2026 revenue reached $41.5 billion, up 346% from a year earlier.
TD Cowen cut its split-adjusted price target for Bitcoin treasury company Nakamoto to $17 from $40. TD Cowen cited a weaker Bitcoin outlook and Nakamoto’s leveraged capital structure.
Senate Republicans Seek CLARITY Vote as Democrats Hold Key Support
U.S. Senate Republicans plan to pursue a procedural move this week to place the CLARITY Act on the formal Senate agenda. The procedural vote requires support from 60 senators. Democratic cooperation remains the key variable after seven Democratic senators criticized the latest version of the bill.
Forbes said blockchain is creating new digital financial institutions rather than eliminating traditional financial institutions. Forbes said stablecoins and real-world asset tokenization show how intermediaries are changing roles.
Glassnode said the crypto market continues to trade in a range as liquidity on major exchanges has declined. Glassnode also cited weaker institutional demand, slower perpetual futures buying, and higher options positioning for possible volatility.
La réintermédiation crypto se développe à travers les stablecoins, la tokenisation et les ETF
L’auteur affirme que la technologie blockchain transforme les intermédiaires plutôt que de les éliminer. RWA.xyz montre plus de 36 milliards de dollars d’actifs réels tokenisés en chaîne, tandis que Farside Investors montre que les ETF Bitcoin au comptant aux États-Unis ont, au 27 juillet 2026, plus de 51 milliards de dollars d’entrées nettes cumulées.
U.S. Senate Republicans are seeking Democratic support to advance the Clarity Act to a floor vote. A Fox Business crypto journalist said the crypto industry hopes the push will happen this week.
Lookonchain said stablecoin market capitalization rose by $113 million from July 20 to July 26, 2026. DEX spot trading volume fell 6.65% month-over-month, while perpetual contract trading volume fell 14.9% month-over-month.
Lido Launches Curated Module v2 for $16.5B Ethereum Staking Migration
Lido launched Curated Module v2, which begins migrating more than 265,000 validators holding over 8 million staked ETH worth roughly $16.5 billion. Lido expects the upgrade to cut Ethereum's validator count from about 880,000 to roughly 628,000. Lido also expects attestation messages to fall by approximately 29% per epoch. The legacy module is slated to stop receiving new stake in December 2026 and to be fully wound down around Q1 2027.
BitMine Nears 5% Ethereum Supply Goal With $11.8B Treasury
BitMine said it now holds 5.79 million ETH worth about $11.3 billion, bringing total crypto, cash, securities, and strategic investments to $11.8 billion. The company's Ethereum holdings represent roughly 4.8% of Ethereum's circulating supply. BitMine also said 4.9 million ETH is staked through MAVAN and projected about $299 million in annualized staking rewards once all ETH is staked.
Sberbank will build crypto infrastructure by December. The buildout includes a digital depository for client crypto rights and off-blockchain transaction records. The State Duma is considering a proposed law that would create comprehensive Russian crypto regulation.
Le analyste de référence Mark Palmer a déclaré que l’acquisition de 2,1 milliards de yens de Metaplanet de Cibo Securities soutient une stratégie d’obligations adossées à Bitcoin. Palmer a indiqué que l’entreprise prévoit des Bitbonds offrant des rendements d’environ 4 % à 6 %.
Circle Buys IBM Blockchain Patents, Becomes Top U.S. Holder
Circle acquired over 680 patent families and nearly 1,000 issued blockchain patents from IBM, making Circle the largest blockchain patent holder in the United States. Financial terms were not disclosed. Circle plans to use the portfolio across USDC, Circle Payments Network, Arc, and AI-powered financial tools. CRCL shares rose 2.57% Monday after the announcement.
Kimi AI released the model weights and technical report for Kimi K3. Kimi K3 is a 2.8-trillion-parameter MoE model with native visual understanding and a 1-million-token context window.
Trump said the U.S. is in in-depth negotiations with Iran, but the negotiation window is limited. Trump warned that the U.S. will restart military action if the talks collapse.
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