Blockonomi

Key Highlights
Revenue exceeded expectations at $24.18B versus the anticipated $23.97B, marking a 6.4% year-over-year increase
Adjusted earnings per share reached $2.20, falling just $0.01 short of the $2.21 analyst projection
Worldwide food volumes increased 3% while beverage volumes rose 2%, with international regions leading growth
Domestic performance remained challenged — food volumes stagnant, beverage volumes declined 4%
Company maintained full-year outlook: 2%-4% organic revenue expansion, 4%-6% core EPS improvement
PepsiCo delivered mixed second-quarter results on Thursday, surpassing revenue projections while narrowly falling short on earnings. Shares climbed 1% in response to the release.
The beverage and snack giant generated $24.18 billion in revenue, exceeding Wall Street’s $23.97 billion estimate and representing a 6.4% jump from last year’s $22.73 billion. Adjusted earnings per share landed at $2.20, missing the consensus forecast of $2.21 by a single penny.
Organic revenue expanded 2.4% during the period. This metric excludes the impact of mergers, disposals, and currency fluctuations, providing clearer insight into underlying demand trends.
PEPSICO $PEP Q2’26 EARNINGS HIGHLIGHTS
Revenue: $24.181B (Est. $23.96B) ; +6.4% YoY
Adj. EPS: $2.20 (Est. $2.19) ; +4% YoY
Operating Profit: $4.02B (Est. $4.06B)
Foods North America: $6.37B (Est. $6.48B)
EMEA Revenue: $4.98B (Est. $4.89B)
FY Guide:… pic.twitter.com/Ta8ddCS8Jj
— Wall St Engine (@wallstengine) July 9, 2026
Net earnings attributable to PepsiCo totaled $2.98 billion, translating to $2.18 per share. This represents a substantial improvement from the prior-year quarter’s $1.26 billion, or 92 cents per share.
Core operating profit increased 4% to $4.07 billion. Despite this growth, core operating margin contracted by 40 basis points to 16.8%.
Chief Executive Ramon Laguarta noted that global organic volume has expanded at its fastest pace since 2022 thus far this year. He attributed the momentum to international operations and strategic portfolio adjustments — encompassing portion-controlled offerings, functional beverage innovations, and zero sugar alternatives.
Domestic Markets Weigh on Performance
The domestic picture painted a more challenging narrative. Food volume in North America remained unchanged for the quarter. North American beverage volume dropped 4%.
Chief Financial Officer Steve Schmitt acknowledged the disappointment, stating the North America operation was “softer than we anticipated.” He indicated the company now anticipates a “more gradual improvement” in performance trajectories throughout the remainder of the year.
Laguarta identified constrained consumer budgets as a significant headwind. Gasoline prices surged to a four-year peak of $4.56 per gallon in late May amid volatility in international oil markets connected to the U.S.-Iran conflict, prompting consumers to curtail discretionary spending.
Pepsi had previously been combating softness in its home market snack segment. In February, the corporation reduced pricing on Lay’s, Tostitos, Doritos, and Cheetos by as much as 15% to recapture consumer interest.
The company has simultaneously been updating brand positioning on flagship products including Gatorade and Lay’s to stimulate sales growth. Momentum has developed slowly.
Overseas Markets Compensate for Shortfall
Beyond U.S. borders, performance proved robust throughout regions. Asia Pacific Foods, International Beverages Franchise, and Europe, Middle East and Africa all delivered organic volume expansion.
The North America beverages division received some assistance from acquisitions completed in 2025, which boosted overall revenue growth despite persistent weakness in core demand.
Analysts at Vital Knowledge characterized the announcement as “mostly an inline/boring report,” while observing the specifics “skew net negative” considering the margin erosion and North American softness across both food and beverage categories.
PepsiCo confirmed its full-year 2026 projections: organic revenue growth between 2% and 4%, and core constant currency EPS growth spanning 4% to 6%. Factoring in foreign exchange advantages, the midpoint suggests core EPS growth of 5% to 7%.
The post PepsiCo (PEP) Stock Climbs Despite Earnings Miss and Domestic Headwinds appeared first on Blockonomi.

Key Takeaways
Crude oil markets retreated Thursday following Wednesday’s dramatic surge in prices.
Trump administration declared Iran ceasefire terminated, signaling potential for additional military operations.
American forces targeted approximately 90 Iranian military installations in early Thursday operations.
Tehran launched counter-strikes against American military facilities in Kuwait and Bahrain.
Maritime security officials elevated Strait of Hormuz threat assessment to severe status.
Crude oil markets reversed course Thursday, retreating from the previous session’s significant gains.
Brent crude futures declined 0.7% to settle at $77.54 per barrel during early Thursday trading. Meanwhile, U.S. West Texas Intermediate crude futures slipped 0.6% to $73.09 per barrel.
Brent Crude Oil Last Day Financ (BZ=F)
Despite Thursday’s pullback, both benchmark crude contracts remain significantly elevated compared to earlier weekly levels. Brent and WTI each surged over 8% during Wednesday’s trading session.
The Wednesday rally materialized after President Donald Trump announced the termination of the Iranian ceasefire agreement. The president simultaneously issued warnings regarding potential further military operations targeting Iran.
Military Operations Resume in Persian Gulf
American military forces executed fresh strikes against Iranian positions during the early hours Thursday. According to U.S. Central Command statements, nearly 90 military installations were engaged.
BREAKING: President Trump says “it will get much worse” if Iran attacks ships in the Strait of Hormuz again. pic.twitter.com/kn8xRu6mA7
— The Kobeissi Letter (@KobeissiLetter) July 8, 2026
The targeted installations encompassed air defense infrastructure and coastal surveillance facilities. Military officials also struck drone storage locations.
Central Command indicated the operation’s objective centered on degrading Tehran’s capability to threaten maritime traffic through the Strait of Hormuz. Military leadership characterized these strikes as retaliation for Iranian attacks on three petroleum tankers transiting the waterway.
Tehran responded with its own military action. Iranian forces struck what military officials identified as U.S. military installations in Kuwait and Bahrain.
Iran’s Revolutionary Guards Corps issued warnings of additional strikes against American positions throughout the Gulf region. These would materialize if Washington conducts further military operations.
Numerous commercial vessels have already experienced attacks in proximity to the Strait of Hormuz during recent days. The Joint Maritime Information Center, operating under American leadership, has classified the shipping threat as severe.
The International Maritime Organization issued advisories directing vessels to exercise extreme caution while transiting through the strait. This waterway represents one of the world’s most critical chokepoints for petroleum shipments.
Market Outlook and Analysis
Oil exports from Gulf nations had been experiencing gradual recovery following last month’s ceasefire agreement. Market analysts now suggest renewed hostilities could derail this recovery trajectory.
ANZ analysts noted the recent military escalation has reintroduced war-risk premiums into crude pricing. They cautioned that complete deterioration of U.S.-Iran diplomatic understanding could again interrupt Gulf petroleum exports.
ANZ additionally highlighted increasingly constrained fuel markets. Moscow extended its diesel export restrictions through the end of July.
U.S. government statistics revealed another substantial decline in diesel and gasoline inventories. Simultaneously, American fuel exports reached unprecedented levels.
Commercial crude stockpiles in the United States increased during the previous week. However, the government simultaneously drew down additional volumes from its strategic petroleum reserve.
From a technical perspective, WTI crude is currently testing its 200-day moving average positioned near $74. Prices briefly penetrated this level before retreating.
Market analysts suggest crude would need to breach $85 territory for the current rally to appear sustainable beyond short-term fluctuations. Should WTI decline below $67, prices could potentially slide toward the mid-$50s range.
Currently, crude markets are responding primarily to geopolitical risk premiums emanating from Gulf tensions, rather than fundamental supply disruptions.
The post Crude Oil Markets Fluctuate Dramatically Amid U.S.-Iran Conflict Escalation appeared first on Blockonomi.

TLDR
SK Hynix shares climbed 5.3% in Seoul trading Thursday before its Friday Nasdaq ADR debut under ticker SKHY
The American depositary receipt offering attracted seven times more demand than shares available, with 177.9 million ADRs on offer
Based on Thursday’s closing price, the deal could generate $25.71 billion—potentially the biggest ADR offering ever recorded
Each ADR package consists of one-tenth of a Korean share, suggesting an approximate price of $144.50 per ADR
Institutional heavyweights, including the Situational Awareness hedge fund, have committed to purchasing as much as $7 billion in the offering
Shares of SK Hynix surged 5.3% during Seoul trading hours on Thursday, finishing at 2.186 million won (approximately $1,445), as market participants braced for the semiconductor giant’s much-awaited Nasdaq ADR launch.
SK hynix Inc. (000660.KS)
Scheduled to begin trading Friday under the SKHY ticker symbol, the offering has already attracted extraordinary interest from institutional buyers. Reports from Bloomberg indicate the subscription closed Wednesday with demand reaching seven times the available supply.
A consortium of investment banks led by Goldman Sachs, Citi, Bank of America, and JPMorgan is managing the placement of 177.9 million newly issued ADRs. Final pricing details are anticipated Thursday evening, with allocation notifications to follow shortly after.
Each American depositary receipt represents one-tenth of a Korean-listed share, translating to an estimated ADR price near $144.50. While some portfolio managers anticipated a modest discount to entice buyers, at least one London-based fund manager indicated the robust institutional appetite might eliminate any pricing discount entirely.
Using the projected pricing, SK Hynix stands to collect roughly $25.71 billion in proceeds, positioning this transaction to eclipse the previous ADR record holder—Alibaba’s $25 billion American listing completed in 2014.
This offering would also secure the position as the second-largest equity capital raise in history, exceeded only by SpaceX. Remarkably, it would also edge out Saudi Aramco’s landmark 2019 initial public offering, which brought in $25.6 billion.
The final tally remains below SK Hynix’s original $29 billion objective, set before the Korean equity market entered technical correction territory in recent trading sessions.
Robust Interest Persists Despite Market Turbulence
Even with recent choppiness on the Korean Stock Exchange and a sharp correction in the company’s share price, investor enthusiasm has held firm. Situational Awareness, a hedge fund founded by a former OpenAI researcher, has publicly stated its intention to acquire up to $7 billion of the ADRs.
Emerging market specialists operating in London have observed that some of the recent softness in the Kospi benchmark may stem from fund managers liquidating positions to raise capital for the subscription. Additionally, the slight strengthening of the Korean won in recent sessions is being linked to SK Hynix establishing hedges for the anticipated dollar inflows it expects to convert back to local currency.
Valuation Appears Reasonable Despite Massive Rally
Notwithstanding a remarkable 235% year-to-date gain in South Korean trading and a staggering 600% advance over the trailing twelve months, SK Hynix maintains surprisingly attractive valuation metrics.
Based on FactSet consensus figures, the company currently trades at merely 5.5 times projected earnings. Equity analysts have repeatedly raised their profit forecasts as insatiable demand for the company’s DRAM and NAND memory products continues to exceed manufacturing capacity.
The Nasdaq listing provides American investors with direct access to the memory chip sector’s explosive growth. Previously, Micron Technology (MU) served as the primary vehicle for U.S. investors seeking this exposure—shares of Micron were already trading 3.4% higher in premarket activity Thursday.
As South Korea’s second-largest publicly traded company, SK Hynix faces a situation similar to Samsung Electronics: its production pipeline cannot satisfy current customer demand. This fundamental supply-demand mismatch has consistently driven upward pressure on the average selling prices of its semiconductor products.
The post SK Hynix (SKHY) Stock Surges 5% Ahead of Historic Nasdaq Debut appeared first on Blockonomi.

TLDR
President Trump took aim at short sellers during a White House event, claiming they were “in big trouble.”
Michael Burry fired back, defending short selling as essential to market health.
The famed investor suggested Trump lacks understanding of his investment approach.
Burry contends Trump’s Iran strategy is driven by concerns over market volatility.
Brent crude surged past $126 per barrel amid heightened tensions before retreating to pre-conflict levels.
During a White House gathering on Monday celebrating the rollout of Trump Accounts, President Donald Trump took shots at short sellers. He described a “couple of guys” betting against the market as facing serious losses and “being wiped out.”
The president expressed his disdain for short sellers, characterizing their activities as betting against America itself.
Michael Burry, the renowned investor who famously forecasted the 2008 financial crisis, took to social media to push back. He suggested that while Trump couldn’t grasp his investment methodology, the president excelled at profiting from his political position.
Burry later removed the post from his social media account.
Burry Makes Case for Short Selling
Burry now operates a Substack newsletter where he shares investment perspectives. He has transitioned from actively managing a hedge fund to publishing his personal analysis online.
In his rebuttal, Burry argued that short sellers’ greatest error is overestimating others’ intelligence. He characterized short selling as a challenging strategy with capped gains and potential for rapid losses.
Burry clarified that his investment portfolio maintains predominantly long positions throughout most periods. He explained his approach involves holding higher cash reserves when valuations appear stretched, then seeking opportunities when markets experience deeper corrections.
A White House representative countered Burry’s statements, noting the investor has forecasted multiple market collapses that failed to materialize and questioning his track record.
Burry Links Trump’s Iran Policy to Market Concerns
In a separate analysis, Burry has maintained that Trump’s handling of the Iran situation correlates directly with equity market movements. In a March Substack essay, Burry identified the stock market as Trump’s primary vulnerability.
He suggested Trump’s Iran approach boils down to resolving the crisis before significant market declines occur.
Following June’s announcement of a peace agreement, Burry claimed Trump’s actions continue following this framework. He referenced previous tariff rollbacks that coincided with substantial market recoveries.
Burry further speculated the peace accord might eventually result in lifted sanctions against Iran. He interpreted this as potentially representing a strategy favoring economic expansion over confrontation.
Oil prices mirrored the conflict’s volatility. Brent crude climbed beyond $126 per barrel at peak tensions.
Following the ceasefire implementation and the reopening of Strait of Hormuz shipping lanes, prices declined. By June 30, Brent crude hovered around $73 per barrel, roughly matching February’s pre-war pricing.
The S&P 500 experienced significant volatility throughout this timeframe. The index initially broke through 7,000 in January, propelled primarily by artificial intelligence enthusiasm.
By late March, the index had fallen to its yearly low. Since then, it has rebounded, reaching approximately 7,537 points in early July.
Media reports have surfaced regarding substantial trades executed just before Trump moderated his position on potential Iran strikes. The White House has rejected any connection between trading activity and war-related decisions.
Burry has not provided comment when contacted about his recent statements.
The post Michael Burry Responds to Trump’s Criticism of Short Sellers appeared first on Blockonomi.

Key Highlights
Ionis stock experiences sharp decline following eplontersen’s failure in pivotal heart disease study
IONS plummets in early trading after CARDIO-TTRansform trial misses primary efficacy target
Drug demonstrates potential in specific patient subset despite overall trial disappointment
Concurrent stabilizer therapy appears to diminish treatment effectiveness in study results
Complete trial findings scheduled for presentation at European cardiology conference next year
Shares of Ionis Pharmaceuticals (IONS) experienced a dramatic decline following disappointing results from a crucial Phase 3 cardiovascular trial. After closing 2.17% down at $84.46, the stock plummeted an additional 20.38% to $67.25 during pre-market hours. The negative market reaction stems from eplontersen’s failure to achieve its primary objective in a significant patient population with cardiac amyloidosis.
Ionis Pharmaceuticals, Inc., IONS
Market Reacts to Ionis Trial Disappointment
Ionis and its partner AstraZeneca announced that the CARDIO-TTRansform study did not achieve its primary efficacy measure. The investigation evaluated eplontersen versus placebo in individuals diagnosed with transthyretin-mediated amyloid cardiomyopathy. Researchers measured cardiovascular mortality and recurring cardiovascular events up to Week 140 as the primary outcome.
According to the announcement, eplontersen failed to demonstrate statistically meaningful improvement across the entire study cohort. Background treatment patterns complicated the analysis, as a substantial portion of participants were already receiving stabilizer medications. Consequently, eplontersen’s incremental therapeutic value appeared modest when assessed across all enrolled patients.
Investor confidence in Ionis Pharmaceuticals (IONS) stock evaporated rapidly following news of the unsuccessful primary outcome. The steep pre-market decline reflects anxiety about eplontersen’s commercial viability in the ATTR-CM indication. Despite this setback, both companies emphasized that multiple secondary measures, imaging parameters, and biomarker analyses demonstrated favorable trends for eplontersen.
Trial Data Reveals Complex Treatment Picture
Analysis revealed divergent outcomes depending on concurrent medication use. Among participants who received eplontersen without baseline stabilizer therapy, the drug achieved a nominally significant hazard ratio of 0.71. Conversely, patients already taking stabilizers at study entry demonstrated no measurable therapeutic advantage.
The investigational treatment successfully achieved substantial and durable reductions in circulating transthyretin protein levels. This finding aligns with anticipated pharmacological activity for RNA-targeting silencer therapies. The companies additionally noted that eplontersen’s safety profile remained consistent with observations from previous clinical investigations.
CARDIO-TTRansform recruited 1,432 adult participants from 130 clinical centers spanning 20 nations. The trial population comprised individuals with either wild-type or hereditary forms of ATTR-CM. Study participants received either eplontersen 45 mg or matching placebo via subcutaneous administration once monthly.
Companies Prepare Comprehensive Analysis Presentation
ATTR-CM develops when abnormally folded transthyretin protein accumulates within cardiac tissue. This progressive deposition damages heart architecture and compromises contractile function over time. Clinical manifestations typically include respiratory difficulty, fluid retention, muscular weakness, lightheadedness, irregular heartbeat, and persistent tiredness.
The condition may arise from genetic variants or occur spontaneously with advancing age. Ionis noted that evolving clinical practice patterns, particularly increased stabilizer utilization, influenced the study environment. This therapeutic landscape shift may partially account for the diminished treatment effect observed in the complete trial cohort.
Ionis and AstraZeneca announced plans for comprehensive analysis of the complete CARDIO-TTRansform dataset. Detailed findings are scheduled for disclosure at the European Society of Cardiology Congress in August 2026. In the interim, Ionis emphasized that its diversified development portfolio and commercialized products continue to anchor its strategic vision.

The post Ionis Pharmaceuticals (IONS) Stock Tumbles on Failed Heart Disease Trial appeared first on Blockonomi.

Key Highlights
BSTR and Cantor Equity Partners I have terminated their initial SPAC merger agreement from 2025.
The companies are entering fresh negotiations to develop terms aligned with today’s market landscape.
The scheduled July 10 shareholder vote has been cancelled without a new date announced.
The terminated agreement involved over 30,000 bitcoin and potential PIPE financing reaching $1.5 billion.
Cantor recently finalized another SPAC transaction with Securitize, which now trades on the NYSE.
The Bitcoin Standard Treasury Company—commonly referred to as BSTR—has pulled the plug on its existing plan to become a publicly traded entity. The firm, established by Blockstream CEO Adam Back, revealed on Wednesday that it’s abandoning the merger framework previously established.
LATEST: Adam Back's Bitcoin Standard Treasury Company and Cantor Equity Partners have scrapped their 2025 SPAC merger terms to renegotiate a deal that "better reflects market conditions." pic.twitter.com/B5iqJlPKJu
— CoinMarketCap (@CoinMarketCap) July 9, 2026
The framework in question was executed in July 2025 alongside Cantor Equity Partners I. The arrangement was designed to facilitate BSTR’s public debut via a special purpose acquisition company mechanism.
Representatives from both organizations confirmed they’re developing an alternative deal framework. They attributed this pivot to evolving market dynamics, although precise rationale and details remain undisclosed.
Shareholders were originally expected to cast votes on the combination at a July 10 gathering. That assembly has been suspended without a rescheduled date.
Components of the Terminated Agreement
The initial framework was substantial. BSTR intended to incorporate more than 30,000 bitcoin into its corporate treasury through the transaction.
Additionally, the arrangement encompassed intentions to secure as much as $1.5 billion via private investment in public equity channels. These funds were earmarked to support additional bitcoin acquisitions following the public market debut.
The Securities and Exchange Commission acknowledged the registration documentation this past June. Following that milestone, industry observers anticipated an imminent public listing.
According to the revised framework under discussion, the private placement component linked to the earlier agreement will be eliminated as a closing requirement. Shareholders who previously filed redemption notices will see those requests nullified and their equity positions restored. No action is necessary from investors.
This marks the second postponement for the transaction. The shareholder assembly was initially delayed in June to provide additional time and extend redemption windows.
Cantor’s Other SPAC Transactions
Cantor Fitzgerald has pursued multiple SPAC arrangements involving cryptocurrency-related enterprises. Twenty One Capital finalized a $3.6 billion combination with a Cantor vehicle during 2025.
Reporting from Institutional Investor in February indicated Cantor was expanding its strategy beyond exclusively targeting bitcoin treasury operations.
SPACInsider’s founder Kristi Marvin noted that bitcoin treasury SPACs appear less attractive under present circumstances. However, she acknowledged that sentiment might shift over the coming half-year.
Digital asset tokenization platform Securitize also achieved public status through a Cantor SPAC arrangement last week. With $4 billion in managed assets, Securitize obtained SEC authorization in June for its combination with Cantor Equity Partners II.
Securitize commenced NYSE trading under the SECZ ticker following shareholder ratification. The equity has subsequently declined. Wednesday’s closing price of $7.42 represents approximately 40% erosion from the July 2 close of $12.30.
Back has previously suggested that initiating operations during a subdued bitcoin market environment could benefit BSTR. His position emphasizes the opportunity to accumulate bitcoin at reduced valuations ahead of potential appreciation cycles.
As of Wednesday’s session, Cantor Equity Partners I shares maintained trading levels near $10.50.
The post BSTR and Cantor Equity Terminate SPAC Merger, Seek Revised Agreement appeared first on Blockonomi.

Key Takeaways
Brussels is preparing substantial revisions to the Markets in Crypto-Assets regulatory framework, informally dubbed “MiCA 2.0.”
The proposed amendments would extend regulatory reach to stablecoin providers operating outside European borders, particularly those complying with America’s recently enacted GENIUS Act.
Policymakers are examining whether to introduce specific requirements for tokenized payment systems and deposit products.
The European Commission has launched a public consultation to gather input from stakeholders across the digital asset ecosystem before advancing legislative proposals.
In parallel, EU financial watchdogs have initiated a comprehensive assessment of how crypto service providers manage custodial responsibilities, extending through mid-2027.
Policymakers in the European Union are developing plans to revise the bloc’s comprehensive cryptocurrency regulatory framework. The anticipated modifications would address both America’s newly implemented stablecoin legislation and the rapid expansion of tokenized financial instruments. Industry observers have begun referring to these changes as “MiCA 2.0.”
LATEST: The European Commission is reviewing whether MiCA should be updated to address tokenized financial instruments and global stablecoin models. pic.twitter.com/XRomRJaIND
— CoinMarketCap (@CoinMarketCap) July 8, 2026
The Markets in Crypto-Assets regulation represents the EU’s comprehensive approach to governing how digital asset businesses issue tokens, facilitate trading, and safeguard customer holdings throughout its 27 member nations.
These regulations took full effect on the first of July this year. However, European authorities had already initiated a comprehensive evaluation process before that implementation date.
Drivers Behind the Regulatory Revision
The primary catalyst for reassessing the framework is the United States GENIUS Act. This legislation, enacted into law last year, established a regulatory structure for American enterprises issuing payment-backed stablecoins.
European regulators are working to ensure MiCA possesses adequate mechanisms to oversee stablecoins originating from jurisdictions beyond the union’s borders. The current framework predominantly addresses entities conducting operations within EU territory.
Authorities are simultaneously evaluating whether dedicated provisions should be developed for tokenized payment instruments and deposit mechanisms. These represent emerging financial innovations that were not prevalent during MiCA’s original drafting phase.
A representative from the European Commission emphasized that cryptocurrency markets continue evolving rapidly. The commission expressed its intention to verify whether existing regulatory structures remain aligned with current market dynamics and international regulatory developments.
Current Scope of MiCA Regulations
MiCA presently establishes requirements for two distinct stablecoin categories. The first category encompasses e-money tokens, which maintain their value against a single fiat currency such as euros or dollars.
The second category includes asset-referenced tokens, which derive their stability from a basket containing multiple currencies, physical commodities, or alternative assets. Asset-referenced tokens face more stringent regulatory requirements, including elevated capital thresholds and intensified supervision from the European Banking Authority.
E-money tokens must maintain full backing through secure reserve holdings. Issuers are additionally prohibited from distributing yield to token holders. America’s GENIUS Act incorporates comparable reserve mandates but remains silent on yield distribution practices.
MiCA currently lacks dedicated provisions for tokenized equity securities. These instruments remain subject to the EU’s established securities legislation framework.
Tokenized equity products have experienced remarkable growth throughout this year. The aggregate value of tokenized securities on public blockchain networks surpassed two billion dollars. This represents an increase of nearly 45% from the prior month, based on analytics from RWA.xyz.
Certain tokenized securities maintain one-to-one backing by actual equity shares. Alternative structures represent native tokens conferring complete shareholder privileges independently.
The European Commission has commenced collecting perspectives from industry participants and citizens. The consultation window is anticipated to remain accessible through autumn before any formal legislative draft is prepared.
A regulatory attorney informed journalists in June that a finalized legislative package is improbable before 2028. This timeline indicates that any modifications to MiCA would require considerable time before achieving legal force.
Within the United States, legislators are simultaneously advancing separate legislation known as the CLARITY Act. This proposal would establish comprehensive standards for classifying and trading digital assets.
The legislation has successfully navigated two House committees. A Senate floor vote could materialize before legislators depart for their summer recess period.
Concurrently, the European Securities and Markets Authority unveiled a distinct regulatory examination this week. Beginning immediately and continuing through mid-2027, EU oversight bodies will evaluate how authorized cryptocurrency enterprises handle vulnerabilities associated with safeguarding client assets.
As of early July, merely 244 organizations had secured complete authorization to function as Crypto-Asset Service Providers under MiCA’s licensing regime.
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TLDR:
Temasek holds zero direct crypto investments, citing unresolved regulatory uncertainty worldwide today.
The fund absorbed a $275 million FTX writedown in 2022, damaging Singapore’s financial reputation.
Temasek plans to raise AI exposure from six percent to fifteen percent of assets by 2031.
Europe drew 12 billion euros in Temasek capital over two years, trailing only the United States.
Temasek crypto investments remain absent from the Singapore sovereign wealth fund’s portfolio, four years after a costly FTX exposure.
Chief Investment Officer Nagi Hamiyeh confirmed the firm holds no direct digital asset positions, citing ongoing regulatory uncertainty across global markets.
The statement follows a $275 million writedown Temasek recorded in 2022 after the collapse of cryptocurrency exchange FTX.
Despite avoiding direct crypto exposure, Temasek continues tracking blockchain infrastructure applications that could serve the broader real economy.
Temasek Crypto Stance Remains Unchanged
Hamiyeh told CNBC’s Sri Jegarajah on Wednesday that Temasek carries no direct crypto holdings in its current portfolio. “We don’t have directly any, any investment in crypto,” he said, pointing to regulatory uncertainty.
The executive said he could not predict what role crypto might eventually play within mainstream finance. Future decisions will depend heavily on how different jurisdictions choose to regulate the sector over time.
The FTX collapse still shapes Temasek’s cautious approach toward direct digital asset exposure today. Singapore’s fund absorbed a $275 million impairment after FTX filed for bankruptcy in 2022.
Lawrence Wong, then serving as deputy prime minister and finance minister, called the loss disappointing. He also noted the writedown affected Singapore’s broader reputation within global financial circles.
Rather than holding crypto directly, Temasek focuses on blockchain technology and its practical infrastructure uses. The fund evaluates how blockchain applications might benefit established sectors within the traditional real economy.
This approach allows Temasek to track innovation without taking on direct cryptocurrency price exposure. Officials continue monitoring the space closely as regulatory clarity slowly develops across major markets.
Hamiyeh’s comments reinforce a consistent position Temasek has maintained since the FTX writedown occurred. The fund has avoided re-entering direct crypto markets even as digital asset adoption expanded elsewhere.
Regulatory ambiguity remains the central obstacle preventing Temasek from reconsidering its current stance. Analysts following sovereign wealth fund behavior see this caution as a deliberate long-term choice.
AI, Europe, and Defense Investment Priorities
Temasek is prioritizing artificial intelligence adoption over building frontier models, according to Hamiyeh’s interview. “It’s all about the applications” and companies that build a competitive moat, he said.
Temasek aims to raise AI exposure from six percent of its portfolio toward fifteen percent by 2031. The fund is betting heavily on physical AI applications including automation and industrial robotics.
Europe has attracted roughly 12 billion euros in Temasek capital across the past two years. This places Europe second only to the United States among Temasek’s regional investment destinations.
Hamiyeh cited European strengths in luxury goods, consumer brands, and family-owned industrial businesses. He described Temasek’s approach to the region as patient, long-term capital deployment.
On the Middle East, Hamiyeh said the region’s transformation story is intact but conflict outcomes remain unclear. “We have to wait and see what are the ramifications of this conflict,” he said. Temasek continues watching how geopolitical developments might reshape the Middle East’s economic role globally.
Regarding defense, Hamiyeh said Temasek evaluates opportunities on a case-by-case basis rather than blanket exclusion. The fund focuses on dual-use technologies applicable to both civilian and military settings.
Biological and chemical weapons remain categorically excluded from any Temasek investment consideration. ST Engineering currently represents Temasek’s only direct exposure within the defense sector.
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Key Highlights
Alfa-Bank develops digital depository infrastructure as foundation for crypto services.
Pilot cryptocurrency trading program launched for qualified institutional investors.
Testing phase covers Bitcoin, Ether, Solana, Litecoin, USDT, USDC, and Zcash.
Mass-market crypto offerings expected following regulatory approval in Russia.
Major competitors Sberbank and T-Bank simultaneously develop similar platforms.
Russia’s Alfa-Bank has advanced its cryptocurrency ambitions by establishing plans for a comprehensive digital depository system. The institution has simultaneously initiated controlled cryptocurrency trading pilots via its Alfa-Investments brokerage platform. These developments emerge as Russia’s government finalizes comprehensive regulations governing digital asset operations.
Digital Depository Framework Forms Foundation of Crypto Strategy
Alfa-Bank’s roadmap centers on establishing a specialized digital depository infrastructure before expanding cryptocurrency offerings. This facility would provide custody, administration, and monitoring capabilities for digital assets in accordance with emerging regulatory requirements. The depository would serve both the bank’s direct clientele and third-party institutional partners.
According to Dmitry Vitman, who serves as the institution’s chief operating officer, the bank is committed to developing compliant cryptocurrency operations. Alfa-Bank anticipates rolling out comprehensive services only following the implementation of Russia’s pending cryptocurrency circulation legislation. The organization aims to deliver products capable of competing across global financial markets.
The planned depository infrastructure represents a critical component of Russia’s evolving crypto regulatory architecture. Draft regulations mandate that such facilities implement transaction surveillance protocols and prevent unauthorized asset movements. Financial institutions require robust custody infrastructure before offering expanded cryptocurrency access to customers.
Limited Pilot Program Introduces Crypto Trading to Select Investors
Alfa-Bank has initiated experimental cryptocurrency trading functionality within its Alfa-Investments brokerage application. This controlled pilot restricts participation to qualified investors meeting specific regulatory criteria. Reports indicate the testing encompasses Bitcoin, Ether, Solana, Litecoin, USDT, USDC, and Zcash.
The institution may broaden service availability following lawmakers’ enactment of conclusive regulatory provisions. A consumer-focused launch could materialize during the latter half of 2026 or early 2027. Nevertheless, Alfa-Bank projects that substantial market liquidity will not develop until late 2027 at the earliest.
The bank currently maintains A-Token, its proprietary digital financial asset ecosystem. This platform has facilitated multiple tokenized security offerings since commencing operations in 2023. Alfa-Bank now seeks to incorporate public blockchain instruments alongside regulated cryptocurrency trading capabilities.
Competitive Landscape Emerges Among Russian Banking Giants
Alfa-Bank’s initiatives align with parallel developments across Russia’s banking sector as major institutions prepare for regulated cryptocurrency markets. Sberbank has disclosed similar intentions to establish a digital depository alongside cryptocurrency wallet services. T-Bank has similarly expressed plans to introduce digital asset purchase and sale functionality.
Sberbank intends to integrate cryptocurrency wallet capabilities directly into its Sberbank Online and SberInvestments platforms. Deployment would commence following the activation of Russia’s comprehensive crypto legislation. T-Bank similarly plans to deliver services through a comparable regulated operational framework.
Russia’s dominant financial institutions are strategically positioning themselves ahead of the anticipated market opening under government supervision. The forthcoming regulatory framework would subject cryptocurrency services to formal regulatory oversight and mandatory compliance protocols. Consequently, Alfa-Bank is constructing foundational infrastructure in anticipation of expanding market demand.

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Key Highlights
Global payment network initiates live tokenized deposit trials with 17 major financial institutions.
New blockchain-based platform enables continuous cross-border payment processing.
Participating institutions will conduct real-world transactions using digital tokenized deposits.
Settlement infrastructure remains anchored to traditional banking systems and regulatory frameworks.
Initiative strengthens financial institutions’ transition toward blockchain-enabled payment infrastructure.
SWIFT has transitioned its distributed ledger technology platform into active deployment, enlisting 17 banking institutions for live testing of tokenized deposit transactions. The initiative seeks to enable continuous cross-border fund transfers through regulated banking infrastructure. This development represents a significant advancement in integrating digital assets within conventional financial oversight frameworks.
Banking Giants Test Blockchain-Based Payment Infrastructure
The global messaging network announced that its shared ledger infrastructure will facilitate bank-created tokenized deposits among partner organizations. The technology enables financial institutions to process customer transactions continuously, including overnight hours and weekends. Ultimate settlement continues to flow through established payment networks.
The platform functions as a secure coordination mechanism connecting banks with their proprietary ledger systems. It preserves current compliance protocols, credit assessments, risk management procedures, and regulatory controls. The solution accelerates transaction velocity while maintaining established banking governance frameworks.
SWIFT developed the ledger infrastructure within a nine-month timeframe, incorporating feedback from international financial organizations. The system extends its current network capabilities into regulated digital payment territory. Consequently, banking partners can experiment with distributed ledger transfers while operating within recognized financial infrastructure.
International Banking Coalition Spans Six Continents
The inaugural pilot program encompasses institutions across six continents and prominent financial centers. Participating banks include HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered. Additional participants comprise BNY, Wells Fargo, Lloyds Bank, OCBC, UOB, MUFG, Mashreq, FAB, FirstRand and Itaú Unibanco.
The payment network indicated that partner institutions will execute actual transactions throughout the supervised launch period. Testing will concentrate on international payments utilizing tokenized deposit instruments. This approach allows banks to evaluate transaction velocity, liquidity advantages, and operational integration.
The trial provides financial institutions with a tangible pathway toward tokenized currency adoption. It simultaneously addresses corporate requirements for accelerated payment accessibility across global time zones. The system bridges digital deposits with proven banking infrastructure already deployed.
Financial Industry Advances Toward Continuous Settlement Capabilities
SWIFT currently handles payment transactions spanning over 200 markets through its worldwide messaging infrastructure. The organization reported that 75% of transactions reach destination banks within 10 minutes. Numerous payments also complete within seconds using existing network capabilities.
The emerging ledger technology expands upon these improvements and aligns with wider G20 objectives for international payment enhancement. The network also intends to introduce a retail payment structure featuring transparent pricing and complete value transmission. Collectively, these initiatives target improvements in velocity, clarity, and reliability.
This development arrives as leading banks experiment with additional digital asset frameworks. A distinct banking alliance is preparing a tokenized deposit network scheduled for early 2027 launch. Tokenized securities initiatives are simultaneously expanding throughout conventional market infrastructure.
The payment network intends to broaden ledger capabilities and accessibility following initial phase completion. The initiative may eventually accommodate programmable currency and additional regulated digital finance applications. Currently, emphasis remains concentrated on operational tokenized deposit transactions between banking institutions.

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TLDR:
Alfa-Bank plans to become a regulated digital depository for cryptocurrency custody services in Russia.
Vitman said full rollout depends on pending legislation already approved by the State Duma.
Retail brokerage services may launch in late 2026 or early 2027 once the law takes effect.
Sberbank and T-Bank are pursuing similar digital depository plans alongside Alfa-Bank’s initiative.
Alfa-Bank, Russia’s largest private bank, has confirmed plans to enter the cryptocurrency sector. The lender aims to become a regulated digital asset custodian for clients and businesses.
Alfa-Bank also wants to build investment products based on public blockchains. These offerings would target international investors seeking exposure to digital assets. Dmitry Vitman, the bank’s Chief Operating Officer, outlined the strategy in recent statements.
Alfa-Bank’s Size Positions It for Digital Asset Leadership
As Russia’s largest private bank, Alfa-Bank carries significant weight in shaping crypto policy. Vitman said the bank’s first priority is clear.
He stated the bank plans to offer various digital asset services, adding that it must first “create your own digital depository.”
This depository would serve as the regulated foundation for all future crypto activity. The bank’s scale gives it resources few competitors can match in this space.
A digital depository must track every customer transaction under Russian law. It is also required to block transfers to addresses not approved by the state.
Alfa-Bank’s size means it could process a high volume of these transactions. This scale advantage could help the bank set standards for smaller institutions.
Russia's Largest Private Bank Alfa-Bank Plans to Offer Crypto Services
Russia's largest private bank, Alfa-Bank, plans to become a regulated digital asset custodian and offer crypto-related services to clients and other businesses. The bank also aims to develop investment… pic.twitter.com/lHkjMYCGCT
— Wu Blockchain (@WuBlockchain) July 9, 2026
Vitman clarified that full implementation depends on pending legislation. The State Duma has already approved the final version of the crypto bill.
Once enacted, the law will define how banks like Alfa-Bank can operate. Given its market position, Alfa-Bank is expected to move quickly once rules apply.
Retail brokerage services may emerge once the legislation takes effect. Vitman estimated this could occur in late 2026 or early 2027.
Alfa-Bank’s existing customer base gives it an early distribution advantage. This positions the bank ahead of smaller players entering the same market.
Bank’s Scale Supports Broader Ambitions Beyond Retail Clients
Alfa-Bank does not intend to limit crypto services to individual customers. The bank plans to extend offerings to other legal entities as well.
This broader scope reflects the institution’s role as a major financial player. Vitman described this expansion as central to the bank’s long-term strategy.
The bank’s size also supports its ambition to attract foreign investors. Alfa-Bank wants investment products built on public blockchains to compete internationally.
Vitman said the bank aims to develop tools suited for global markets. Its established infrastructure gives it a foundation smaller banks lack.
Even with this scale, Vitman does not expect immediate market liquidity. He placed meaningful liquidity growth near the end of 2027.
This cautious timeline suggests Alfa-Bank is prioritizing structure over speed. The bank appears focused on compliance before expanding trading volume.
Other major Russian banks are following similar paths at smaller scale. Sberbank plans to launch a digital depository by December 1.
It will also introduce a crypto wallet within its existing banking apps. T-Bank has announced comparable plans, though Alfa-Bank remains the largest private mover.
The post Russia’s Largest Private Bank Alfa-Bank Plans to Offer Crypto Services appeared first on Blockonomi.

Trading on the forex market isn’t just about reading charts and sensing where price is headed next. It’s also a steady stream of routine work — calculations, analysis, news monitoring, and technical checks. The more services and browser tabs a trader has to juggle at once, the higher the chance of a mistake and the slower the reaction to a sudden market move. That’s why one of the biggest factors behind comfortable, effective trading isn’t necessarily how clever a single indicator is — it’s how convenient the overall ecosystem is when every tool a trader needs lives in one place.
The problem with scattered tools
A beginner trader often discovers that fully preparing for a trade means checking a dozen different resources: one site for the economic calendar, another for calculating position size, a third for volatility analysis, and finally the actual trading platform to place the order. Switching between tabs eats up time, and on a fast-moving market every second can matter. On top of that, data pulled from different sources isn’t always in sync — quotes may differ slightly, spreads may be calculated differently, and formulas may rest on different assumptions.
Experienced traders know that the fewer “seams” there are between preparing a trade and executing it, the lower the risk of a technical error. When a broker offers a built-in set of analytical and calculation tools directly inside the trading terminal or on its website, this significantly simplifies the workflow and reduces cognitive load.
What a trader should have close at hand
A well-rounded toolkit integrated into a single ecosystem usually includes:
An economic calendar — so you can see important data releases in advance and avoid getting caught in a sharp price swing.
Technical and fundamental analysis from the broker’s analysts, useful as a starting point for your own conclusions.
A tool for calculating pip value, commonly known as a pip calculator, which quickly shows how much one pip of price movement is worth in your account currency for a given trade size.
A tool for sizing trades, or position size calculator, which lets you match your risk per trade to your account balance and stop-loss distance without manual math in a notebook or a third-party spreadsheet.
Historical and streaming quote data for backtesting strategies.
A personal account dashboard where you can quickly review trade history, commissions, and swap charges.
When all of these elements are gathered on a single platform, a trader spends less time on preparation and more time on actually analyzing the market and making sound decisions.
An example of the integrated approach: Dukascopy
A good illustration of this approach is the Swiss bank and broker Dukascopy. The company has spent years building out its own trading ecosystem, which includes not just trading platforms (such as its proprietary JForex) but also a broad set of supporting services: historical quotes for nearly every instrument, publicly available technical and fundamental reviews, an economic calendar, and a block of calculation tools that includes pip and margin calculators.
This kind of integrated setup means a trader never has to leave their familiar environment — all the data is consistent, quotes come from a single source, and calculations reflect the actual execution conditions of that specific broker rather than some averaged market parameters. For traders who are active across multiple instruments at once, this saves real time and cuts down on technical slip-ups.
How this affects trading results
Convenience isn’t just a matter of comfort — it’s a direct factor in risk management. When sizing a position takes a few seconds inside the platform’s interface instead of five minutes in a separate app, a trader is far more likely to actually run that calculation before every trade, rather than relying on gut feeling. The same goes for understanding pip value: knowing exactly how much a certain number of pips will cost helps set stop-loss and take-profit levels more precisely and avoid situations where the real risk on a trade ends up larger than planned.
On top of that, a unified ecosystem reduces the chance of simple but costly mistakes — using stale quotes from a third-party source, for instance, or miscalculating a cross-currency conversion. This matters especially for traders working several currency pairs at once or running intraday strategies with dozens of trades a day.
Conclusion
Forex trading demands not just analytical skill but organization. Having every necessary tool — from the economic calendar to calculators for position size and pip value — available in one place lets a trader focus on what actually matters: reading the market and making decisions, rather than getting bogged down in technical routine. Brokers like Dukascopy demonstrate that a genuinely integrated trading ecosystem can meaningfully improve a trader’s efficiency and discipline, and ultimately, the quality of their trading decisions.
The post Everything Within Reach: Why It Pays to Have All Your Trading Tools in One Place appeared first on Blockonomi.

AscendEX shut down after MiCA pressure, weak liquidity, and failed funding left operations unsustainable.
Users face delayed manual withdrawals, with the exchange unable to guarantee full balance recovery.
ZachXBT had flagged nearly empty hot wallets before the shutdown, including ETH, USDT, USDC, and SOL.
The closure revives custody concerns after AscendEX’s 2021 breach, which caused about $78M in losses.
AscendEX has shut down after regulatory, financial, and operational pressures pushed the crypto exchange into a controlled offboarding process. The platform ceased operations on July 1, then published a notice on July 6 explaining the decision.
JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK
Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure.
The company’s statement indicated that current liquidity issues may restrict users from… pic.twitter.com/am7MLyBhFg
— Coin Bureau (@coinbureau) July 9, 2026
The shutdown has left users facing uncertainty over whether they will recover their full crypto balances. The exchange said current liquidity problems may limit payouts, making withdrawals the central issue for affected customers.
MiCA Pressure And Failed Funding Trigger Closure
AscendEX linked its closure to the European Union’s Markets in Crypto-Assets framework, which came fully into force across the bloc. The platform said it did not hold the authorization required under MiCA, adding that regulatory pressure was only part of the problem.
Financial strain also played a major role. According to the exchange, a planned strategic transaction was expected to provide liquidity and support future growth. However, the counterparty failed to perform, leaving the business without expected funding.
The exchange also cited weak market conditions and operational pressure. Together, those factors forced the platform to stop normal services and begin reviewing its financial position.
That review now matters directly to users. AscendEX said it cannot guarantee that customers will receive all digital assets recorded in their accounts. It also said it cannot confirm the timing or size of any final recoveries.
The warning marks a sharp change from a standard exchange shutdown. Instead of simply closing services and processing withdrawals, the company is now assessing what assets remain available for distribution.
Manual Withdrawals Leave Users Facing Recovery Delays
User access has now been restricted to offboarding activities. Automated withdrawals have been suspended, while withdrawal requests are being reviewed manually.
That process could delay payouts further. The exchange said all claims will follow the same documented review process and that no group of users will receive preferential treatment.
Concerns, however, had already been growing before the notice. Last month, blockchain investigator ZachXBT said users had reported pending withdrawals lasting days or weeks. He also reviewed publicly identified hot wallets linked to the exchange.
I recommend your team answers the following questions for the community:
1) Why are AscendEX users reporting delayed or incomplete withdrawals?
2) Why do the AscendEX hot wallets currently not have any liquid assets?
No one should deposit funds to this CEX. pic.twitter.com/tXDSm3bo2E
— ZachXBT (@zachxbt) June 26, 2026
According to his review, those hot wallets appeared to hold little or no balance in major assets, including ETH, USDT, USDC, and SOL. However, he also noted that exchange reserves may include cold wallets, third-party custodians, or addresses not publicly labeled.
Days later, ZachXBT urged affected users to report the matter to law enforcement agencies and financial regulators in their own jurisdictions. He also claimed the exchange continued accepting deposits while many withdrawals remained unprocessed.
He further alleged that one large user received no response from co-founder George Jing Cao. However, the company’s July 6 notice did not provide a specific recovery percentage for customers, leaving users with limited clarity on how much they may ultimately recover.
The uncertainty also adds to the exchange’s troubled history. AscendEX was founded in 2018 as BitMax before later rebranding, and it previously suffered a major security breach in 2021, when attackers stole about $78 million in crypto assets.
That attack was later linked to the Lazarus Group. Now, the platform’s closure has again placed user funds at the center of the story.
For affected customers, the immediate concern is recovery. For the wider market, the shutdown is another reminder that exchange account balances are not the same as direct asset control.
The post AscendEX Shuts Down as User Balance Payouts Remain Uncertain appeared first on Blockonomi.

Key Takeaways
CEO Seb Audet confirmed Zapper will cease all operations on Aug. 3, 2026
At its height, the platform served 2 million active monthly users and facilitated $13 billion in transactions
The company secured $15 million in Series A funding in 2021 from investors including Mark Cuban and Sound Ventures
Zapper’s closure reflects a broader trend of crypto platform exits throughout 2026
While crypto VC funding increased, deal volume has plummeted nine-fold over 10 consecutive quarters
Zapper, a prominent decentralized finance portfolio management tool, is shutting down permanently. Co-founder and CEO Seb Audet announced Wednesday that the platform will completely cease operations on Aug. 3, 2026, bringing an end to its nearly seven-year journey in the DeFi space.
We've made the very difficult decision of winding down Zapper.
Thank you for being part of this crazy journey with us
You can learn more about the sunset here. https://t.co/Q2MOuRucKj
— Zapper (@zapper_fi) July 8, 2026
In his announcement, Audet revealed the team had “evaluated a number of different options” before concluding that “an orderly wind down is the best course of action.” When pressed about the rationale behind the decision, he offered a straightforward explanation: “At the end of the day, the market decides.”
Rapid Rise in DeFi’s Early Days
Launched in 2019, Zapper made an immediate impact by winning Kyber’s DeFi Hackathon during its inaugural year. This early success propelled the startup to raise $1.5 million in seed capital by early 2020.
The momentum continued through May 2021, when Framework Ventures led a $15 million Series A investment round. Notable backers included Mark Cuban and Sound Ventures, the investment firm co-founded by actor Ashton Kutcher.
During its prime operating period, Zapper attracted 2 million monthly active users. The platform successfully processed over $13 billion worth of transactions across its lifespan.
The service enabled users to link their cryptocurrency wallets to oversee DeFi holdings, track liquidity pool positions, coordinate yield farming activities, and receive alerts about potential airdrops.
Zapper later expanded its capabilities to include decentralized exchange aggregation, non-fungible token functionality, and community features such as a Farcaster integration.
Growing Trend of Industry Exits
Zapper’s shutdown is far from an isolated incident. Numerous cryptocurrency platforms have announced closures throughout 2026.
TapTools, an analytics platform serving the Cardano ecosystem, terminated operations in June. Bitcoin DeFi protocol Botanix followed suit just one week later, similarly citing insufficient market demand.
The closure wave has touched multiple sectors: NFT marketplaces Nifty Gateway and Rodeo have shuttered, SBI’s cryptocurrency division has wound down, and decentralized email service Dmail has closed its doors.
Even Cosmos ecosystem wallet Leap has joined the exodus, contributing to what has emerged as a persistent pattern of closures throughout the cryptocurrency industry.
In April 2025, Zapper experienced a damaging social engineering breach. Malicious actors compromised the platform’s domain and diverted users to a fraudulent phishing site. This security incident proved to be a blow from which the platform struggled to recover.
Though cryptocurrency venture capital funding climbed 57.6% year-over-year to reach $4.21 billion in Q2 2026, RootData reports that deal volume has contracted nine-fold over the past 10 quarters. Investment capital is becoming increasingly concentrated among fewer projects.
Audet reflected on the platform’s founding vision of democratizing DeFi access. “I do believe we helped make the onchain economy easier to use for a considerable number of people,” he stated.
All Zapper infrastructure, including its website, mobile applications, and application programming interface, will be deactivated on Aug. 3.
The post Zapper DeFi Platform Calls It Quits After Seven-Year Run appeared first on Blockonomi.

Key Highlights
Paradigm secures $1.2 billion in its fourth venture capital fund
Investment strategy now encompasses AI, robotics, and emerging frontier technologies beyond cryptocurrency
Portfolio already includes drone company Zipline and space defense firm True Anomaly
Venture capital funding reached unprecedented $510 billion in H1 2026 globally
Cryptocurrency sector attracted $10.8 billion in venture investments during the same period
One of cryptocurrency’s most prominent venture capital firms, Paradigm, has successfully closed a $1.2 billion funding round for its latest investment vehicle, signaling a strategic pivot toward artificial intelligence, robotics, and other cutting-edge technologies while maintaining its crypto roots.
LATEST: Crypto VC firm Paradigm has raised $1.2B for a new fund targeting AI and robotics startups. pic.twitter.com/GYgB3Zy6kK
— CoinMarketCap (@CoinMarketCap) July 9, 2026
The Wednesday announcement represents a notable evolution for Paradigm, which previously concentrated exclusively on cryptocurrency investments across three funds totaling more than $4 billion since its 2018 establishment.
Strategic Diversification Initiative
Alana Palmedo, managing partner at Paradigm, explained to Bloomberg that while cryptocurrency investments remain central to the firm’s mission, the broader technology landscape presents opportunities too significant to overlook.
“Crypto was the first frontier for us, and it continues to be a really exciting one, but there’s so much else happening right now that’s pretty hard to ignore,” she said.
Co-founder Matt Huang telegraphed this strategic direction as early as June 2023. In a post on X, he acknowledged that artificial intelligence developments were becoming “too interesting to ignore” while reaffirming the firm’s dedication to cryptocurrency markets. Huang dismissed concerns about competition between the sectors, predicting “plenty of overlap” between AI and crypto.
The new fund has already been put to work. Current investments include Zipline International, which operates autonomous drone delivery systems and achieved a $7.6 billion valuation this January, alongside True Anomaly, a space defense technology company that secured a $2.2 billion valuation in April.
Additional portfolio companies include AI developer Nous Research, robotic metal fabrication service SendCutSend, and blockchain development tools Foundry and Reth.
Industry-Wide Expansion Movement
Paradigm’s strategic shift reflects a broader pattern among cryptocurrency-focused investors. Framework Ventures secured $400 million last month for diversified investments spanning crypto, artificial intelligence, robotics, and energy infrastructure. Similarly, Haun Ventures closed a $1 billion fund in May, incorporating AI investments for the first time in its portfolio strategy.
Global venture capital deployment reached an all-time high of $510 billion during the first half of 2026, exceeding the $440 billion invested throughout the entire previous year, based on Crunchbase data.
Artificial intelligence companies absorbed the lion’s share of this capital influx. OpenAI and Anthropic together captured more than 40% of total venture funding during the year’s first six months.
Cryptocurrency ventures, in contrast, attracted $10.8 billion in venture capital during the identical timeframe, according to Cryptorank figures. This represents a modest portion of the overall venture market.
Paradigm maintains significant cryptocurrency exposure through ongoing investments. The firm emphasized its stakes in Hyperliquid, a cryptocurrency perpetuals trading platform, and Kalshi, which operates prediction markets.
Matt Huang and Fred Ehrsam, Coinbase’s co-founder, established Paradigm together. The firm launched a $2.5 billion cryptocurrency-focused fund in 2021, setting a record as the largest dedicated crypto fund at that time, before raising an additional $850 million in 2024 specifically for early-stage blockchain ventures.
With its fourth fund now operational, Paradigm states it will “continue to research and build where it accelerates” cryptocurrency sector development while aggressively pursuing investment opportunities in related frontier technology markets.
The post Paradigm Secures $1.2B Fund to Bridge Crypto, AI, and Robotics Investments appeared first on Blockonomi.

Key Highlights
The TRON blockchain has officially exceeded 392 million total wallet addresses
TRX currently trades at $0.3321 with a total market capitalization of $31.5 billion
Technical analysts identify $0.35 as the critical resistance zone for potential breakout
Tron Inc. acquired 151,322 additional TRX tokens, pushing treasury holdings past 704 million
Total Value Locked on TRON increased by $1.95 billion (7.8% gain) from July 1
TRON (TRX) continues demonstrating stable price action while the blockchain platform achieves significant network growth milestones and attracts sustained institutional accumulation.
Tron (TRX) Price
Blockchain data from TRON’s official network explorer reveals the platform has successfully surpassed the 392 million total accounts threshold. This metric encompasses all wallet addresses ever generated on the blockchain network, distinguishing it from daily or monthly active user counts.
Since launching its independent mainnet in 2018, TRON has positioned itself as a leading infrastructure for stablecoin transactions and decentralized content distribution. According to DeFilLama analytics, USDT transfers on TRON dominate the stablecoin movement landscape across blockchain networks.
The platform’s infrastructure supports up to 2,000 transactions per second with remarkably low fees averaging approximately 0.0003 TRX per transaction. This combination of high throughput and minimal costs has drawn significant institutional adoption from industry giants such as Binance, HTX, and Tether.
Blockchain analytics platform Lookonchain documented that TRON’s Total Value Locked has expanded by $1.95 billion since the beginning of July, representing a 7.8% increase. This growth trajectory indicates accelerating on-chain activity throughout recent weeks.
Since July 1, #Tron's TVL (Total Value Locked) has increased by $1.95B, up 7.8%.https://t.co/kO3NKWTZ4r pic.twitter.com/wdEDvQm4Ud
— Lookonchain (@lookonchain) July 9, 2026
At present, TRX is valued at $0.3321, reflecting a 1.13% gain over the past 24-hour period. The token recorded $492.43 million in trading volume during this timeframe, while maintaining its $31.5 billion market capitalization.
Critical Resistance Zone Under Scrutiny
Cryptocurrency technical analyst Umair Orakzai observed that TRX continues defending a crucial support zone, preserving its bullish technical structure. His analysis highlights $0.35 as the next significant resistance threshold requiring close monitoring.
$TRX
For this chart, in the last udpate we were discussing the built range above the support, and how good it is for this chart.
It is working for now for TRON, but if the chart SWEEPS the range high, that will damage the strucutre as bearish hawks will then have eyes on TRON… https://t.co/JNCfsxOW40 pic.twitter.com/3QGCJdkZ6f
— Umair Orakzai (@Umairorkz) July 7, 2026
Market technicians suggest that a decisive move above the $0.35 level would likely attract additional buying momentum and fuel further upward price movement. Conversely, a failed breakout attempt — characterized by a brief spike above resistance followed by rapid reversal — could unleash selling pressure.
According to technical analysis perspectives, TRX must either achieve a convincing breakthrough above $0.35 or maintain consolidation within its established trading range.
Institutional Accumulation Continues
Tron Inc. executed another strategic acquisition, purchasing 151,322 TRX tokens at an average entry price of $0.3304 per unit. This transaction elevates the organization’s cumulative TRX position beyond 704 million tokens.
Tron Inc. (NASDAQ: TRON) acquired 151,322 TRX tokens today at an average price of $0.3304 further increasing its TRX treasury holdings to more than 704.0 million TRX in total. The company aims to further grow its Tron DAT holdings to enhance long term shareholder value. For live…
— Tron Inc. (@TRON_INC) July 7, 2026
The company announced its intention to continue expanding its Tron Digital Asset Treasury through ongoing accumulation. This persistent buying activity demonstrates sustained confidence and long-term strategic positioning in the native asset.
TRX DAO has also acknowledged the account growth achievement, connecting it to the network’s broader decentralization objectives.
Emerging regulatory frameworks in the European Union and United Arab Emirates are anticipated to influence TRON’s capacity to establish additional institutional collaborations moving forward.
The post TRON (TRX) Maintains Critical Support Level While Network Accounts Exceed 392 Million appeared first on Blockonomi.

Key Takeaways
ZEC reached $505 before retreating to approximately $466 as traders took profits near the psychological $500 level
The forthcoming Ironwood network upgrade, scheduled for late July, addresses counterfeiting vulnerabilities within Zcash’s shielded pools
Zcash has now mined 80% of its maximum 21 million coin supply, intensifying conversations about token scarcity
Technical analyst Ardi suggests breaking above $480 composite resistance could propel ZEC toward $500–$540 territory
Contrarian analyst Aladdin_LCA identifies potential bearish patterns including head-and-shoulders formation, cautioning against aggressive long exposure
Zcash (ZEC) has experienced a notable correction from its recent peak of approximately $505, settling around the $466 level as market participants secured gains near the significant $500 threshold. This retracement follows an impressive rally of nearly 28%, fueled by anticipation surrounding the imminent Ironwood network enhancement.
Zcash (ZEC) Price
The downward pressure was amplified by accumulated leveraged long positions clustered around the $500 mark, creating conditions that enabled market makers to initiate a cascade of long liquidations. However, the privacy coin has successfully defended the $440 support zone that technical analysts consider crucial.
Santiment data revealed a fascinating social sentiment pattern. Approximately one month ago, $ZEC social volume exploded to 1,116 daily mentions precisely when the price established a local bottom around $362, coinciding with revelations about the Orchard shielded-pool security vulnerability. Following that spike, social engagement dropped dramatically to between 24 and 69 daily mentions — even as ZEC appreciated roughly 29% from those lows. Santiment observed: “The noise marked the bottom. The silence is marking the repair.”
A month ago, $ZEC social volume hit 1,116 mentions on the exact day it bottomed. It has stayed quiet ever since, through a recovery the crowd never came back for.
That Jun 5 spike was the loudest day in a month. It marked the low, ~$362.
The crash trigger was the disclosed… pic.twitter.com/YfxLvdWR6M
— Santiment Intelligence (@SantimentData) July 8, 2026
The Ironwood upgrade, anticipated in late July, will implement cryptographic proofs that eliminate the possibility of undetectable inflation within Zcash’s privacy-preserving pools. This enhancement represents a comprehensive solution following the emergency patch deployed in June for the Orchard vulnerability.
Chart Analysis and Key Levels
From a technical perspective, ZEC is confronting multiple overlapping resistance barriers: the 0.786 Fibonacci retracement level, the upper boundary of the Bollinger Bands, and horizontal resistance converging near $490. Chart analyst CryptDollar emphasized this confluence zone as the critical battleground on the daily timeframe.
And #Zcash $ZEC is testing resistance, the .786 Fib, and the top Bollinger Band on the Daily Chart. You can’t keep a good coin down. https://t.co/lOWXcz4gy3 pic.twitter.com/LNEYN3kA9p
— CryptDollar Z̩̍ (@CryptDollar) July 7, 2026
Trader Ardi pinpointed composite resistance around $480 where a descending trendline intersects with horizontal price resistance. According to his analysis, a convincing daily close above this barrier could unlock momentum toward $500 and potentially extend to $540.
The Chaikin Money Flow indicator currently registers 0.13, suggesting accumulation pressure continues to exceed distribution. The Aroon Up metric stands above 92%, while TradingView’s aggregated moving average analysis signals a Strong Buy rating. Conversely, momentum oscillators remain in neutral territory.
Alternative Bearish Perspective
Not all market observers share the bullish sentiment. Trader Aladdin_LCA has maintained his cautious stance, highlighting a developing head-and-shoulders pattern alongside an anti-butterfly harmonic configuration on the daily timeframe. He indicated that his bearish outlook would only reverse upon a decisive break above major resistance or establishment of a fresh structural low.
CoinGlass liquidation heatmap data reveals concentrated short liquidation clusters between $480 and $500, suggesting potential fuel for a short squeeze should buyers successfully reclaim that price zone. Conversely, long liquidation liquidity is positioned near $450.
Mining Milestone Reached
Zcash officially announced that 80% of its capped 21 million ZEC supply has been mined. The development team also highlighted Shielded Labs’ Network Sustainability Mechanism, designed to ensure network security as mining rewards progressively diminish.
ZEC is currently trading in the $460 to $480 range, with the $490 resistance zone representing the critical level that will likely determine the next significant price movement.
The post Zcash (ZEC) Retreats From $505 Peak: What’s Next After the Pullback? appeared first on Blockonomi.

Key Takeaways
Zcash reached $505 before retracing to approximately $466 following significant profit-taking activity near the psychological $500 level
The forthcoming Ironwood network update, scheduled for late July, is designed to eliminate undetectable counterfeiting vulnerabilities within Zcash’s shielded transaction framework
A major supply milestone has been reached with 80% of ZEC’s capped 21 million token supply now in circulation, intensifying scarcity narratives
Technical analyst Ardi highlights that a decisive move above $480 compound resistance could propel ZEC toward the $500–$540 range
Contrarian analyst Aladdin_LCA identifies a possible head-and-shoulders formation and cautions that long positions face heightened downside risk
Zcash (ZEC) has experienced a notable correction from its recent peak near $505, settling around $466 as market participants secured gains near the critical $500 threshold. The preceding surge of approximately 28% was fueled by growing anticipation surrounding the network’s planned Ironwood protocol enhancement.
Zcash (ZEC) Price
The retracement was amplified by cascading liquidations of overleveraged long positions that accumulated near the $500 mark, creating conditions for market makers to capitalize on forced selling. Nevertheless, ZEC has maintained a foothold above the crucial $440 support zone that technical traders continue to monitor closely.
On-chain analytics platform Santiment revealed a compelling social sentiment pattern. Approximately one month ago, $ZEC social media mentions surged to 1,116 on the precise day the token bottomed around $362, coinciding with revelations about the Orchard shielded-pool security flaw. Following that spike, social discussion has remained remarkably subdued, fluctuating between just 24 and 69 daily mentions — even as ZEC appreciated roughly 29% from those lows. Santiment observed: “The noise marked the bottom. The silence is marking the repair.”
A month ago, $ZEC social volume hit 1,116 mentions on the exact day it bottomed. It has stayed quiet ever since, through a recovery the crowd never came back for.
That Jun 5 spike was the loudest day in a month. It marked the low, ~$362.
The crash trigger was the disclosed… pic.twitter.com/YfxLvdWR6M
— Santiment Intelligence (@SantimentData) July 8, 2026
The Ironwood protocol upgrade, anticipated to deploy in late July, will implement cryptographic proofs that mathematically eliminate the possibility of undetectable token creation within Zcash’s privacy-preserving transaction pools. This enhancement follows the emergency patch deployed in June addressing the Orchard vulnerability.
Chart Analysis
From a technical standpoint, ZEC is encountering a significant resistance cluster: the 0.786 Fibonacci retracement level converges with the upper Bollinger Band and a horizontal resistance barrier near $490. Chart analyst CryptDollar emphasized this confluence as the critical juncture on the daily timeframe.
And #Zcash $ZEC is testing resistance, the .786 Fib, and the top Bollinger Band on the Daily Chart. You can’t keep a good coin down. https://t.co/lOWXcz4gy3 pic.twitter.com/LNEYN3kA9p
— CryptDollar Z̩̍ (@CryptDollar) July 7, 2026
Trader Ardi pinpointed compound resistance around $480 where a descending trendline intersects with horizontal price resistance. According to his analysis, a confirmed daily close above this threshold could unlock a pathway back toward $500 and potentially extend to $540.
The Chaikin Money Flow indicator currently registers 0.13, suggesting accumulation pressure continues to exceed distribution. The Aroon Up metric stands above 92%, while TradingView’s aggregated moving average signals flash a Strong Buy rating. Momentum oscillators, however, remain in neutral territory.
Opposing Viewpoint Remains
Not all market participants share the optimistic outlook. Trader Aladdin_LCA has retained his bearish thesis, identifying a potential head-and-shoulders topping pattern alongside an anti-butterfly harmonic configuration on the daily timeframe. He indicated his stance would only shift bullish following either a convincing breakout above major resistance or a capitulatory reset to fresh lows.
CoinGlass liquidation heatmaps reveal concentrated short position liquidation levels between $480 and $500, suggesting potential fuel for a short squeeze scenario if buyers can reclaim that territory. Conversely, long liquidation density clusters near the $450 level.
Circulation Benchmark
Zcash officially announced that 80% of its hard-capped 21 million ZEC token supply has been extracted through mining. The announcement also highlighted Shielded Labs’ Network Sustainability Mechanism initiative, designed to maintain blockchain security as mining rewards progressively diminish.
At press time, ZEC was trading in the $460 to $480 range, with the $490 resistance zone representing the pivotal level for determining the next significant price movement.
The post Zcash (ZEC) Retreats From $505 Peak — Why Traders Are Watching $490 Resistance appeared first on Blockonomi.

Key Takeaways
A cryptocurrency wallet associated with SpaceX transferred only $88 in Bitcoin following a half-year period of no activity
The aerospace company maintains ownership of 18,712 BTC valued at approximately $1.16 billion
Shares of SPCX finished Tuesday’s session down 6.83%, trading beneath its initial public offering price
The equity has declined over 25% from recent peaks even with Nasdaq-100 membership
JPMorgan projects that approximately $4.3 billion in passive investment flows could result from the index addition
A cryptocurrency wallet associated with Elon Musk’s aerospace venture SpaceX executed a Bitcoin transaction for the first time in half a year, sparking discussion among digital asset observers. Simultaneously, the company’s publicly traded shares have retreated more than 25% from their recent peak levels, despite securing a spot in the prestigious Nasdaq-100 index.
SpaceX-Linked Wallet Executes Minimal BTC Transfer
Blockchain tracking service Arkham Intelligence reported that a wallet tied to SpaceX conducted a transaction involving just $88 in Bitcoin on July 8. This marked the conclusion of a six-month period during which the wallet remained completely dormant.
SPACEX JUST MOVED BITCOIN
A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9).
Is SpaceX about to move more BTC? pic.twitter.com/vQITSDKtGI
— Arkham (@arkham) July 8, 2026
The modest transaction amount didn’t prevent market observers from weighing in with various theories. Historically, SpaceX’s cryptocurrency wallets have exhibited extended periods of inactivity before executing more substantial movements.
Data from Arkham indicates that SpaceX continues to maintain approximately 18,712 Bitcoin in its holdings, representing a market value of roughly $1.16 billion. The destination wallet in this transaction now contains 614 Bitcoin, worth approximately $38 million.
The previous significant movement from SpaceX wallets involved over 1,016 Bitcoin valued at close to $100 million at the time. Arkham’s analysis also revealed that outbound transfers from SpaceX to unidentified wallets rose during the cryptocurrency market downturn that occurred on October 10 of the previous year.
This activity emerges amid a broader trend of major corporate Bitcoin holders reducing positions. Strategy recently liquidated approximately $216 million in Bitcoin holdings. Additional companies including MARA Holdings, Nakamoto Holdings, and Sequans Communications have similarly announced Bitcoin disposals in recent weeks.
Bitcoin’s price stood above the $62,000 threshold on Tuesday but experienced a nearly 2% decline during the trading session. The decrease followed renewed military confrontations between the United States and Iran, with President Trump expressing skepticism regarding the durability of any potential cease-fire agreement.
SPCX Shares Slip Below Debut Price Amid Nasdaq-100 Inclusion
SPCX concluded Tuesday at $149.47, representing a 6.83% decline, with the intraday bottom reaching $148.86. The stock has now surrendered over 25% of its value from the highs recorded roughly one month earlier and has fallen beneath the price level established during its initial public offering.
SpaceX secured its position in the Nasdaq-100 index prior to Monday’s opening bell on July 7. The exchange operator granted an expedited inclusion based on updated guidelines that enable recently listed companies of substantial size to achieve index eligibility more rapidly than previous protocols allowed.
Analysts at JPMorgan calculate that the index membership will compel passive investment vehicles and exchange-traded funds to acquire approximately $4.3 billion in SPCX shares as they execute portfolio adjustments to mirror the Nasdaq-100 composition.
Notwithstanding the anticipated institutional purchasing pressure, market participants have persisted in realizing gains following the equity’s dramatic appreciation after its market introduction.
Major investment banks have expressed optimistic outlooks. Morgan Stanley, Goldman Sachs, and Citigroup have each initiated research coverage on SpaceX with elevated price objectives. Morgan Stanley established a $300 target price, representing the most aggressive projection among the three institutions.
Pre-market activity on Wednesday indicated shares climbing 0.49%.
The post SpaceX Bitcoin Holdings See First Transaction in Half a Year While SPCX Stock Tumbles 25% appeared first on Blockonomi.

Key Takeaways
Equity futures showed gains Thursday following a second wave of US military operations targeting Iran
Bitcoin maintained support above $62,000, posting a 1.2% daily decline but gaining 1.6% weekly
Gold continued its downward trend for the fourth consecutive session as Brent crude advanced 1% to $78.80 per barrel
Rate markets adjusted Federal Reserve hike expectations, moving the timeline from December to October
The Fear and Greed index for Bitcoin rose to 27, breaking a 40-day streak in extreme fear levels
Equity futures climbed Thursday morning as military tensions escalated with the United States executing another wave of strikes targeting Iranian positions.
Contracts tied to the Dow Jones Industrial Average and S&P 500 both advanced 0.1%. Nasdaq-100 futures posted a 0.3% increase.
E-Mini S&P 500 Sep 26 (ES=F)
Late Wednesday, US military officials confirmed they had “initiated further strikes targeting Iran to continue degrading their capacity to threaten maritime freedom in the Strait of Hormuz.”
President Trump announced Wednesday that the ceasefire between the nations was “over.” He additionally suggested the possibility of implementing a blockade of the Strait of Hormuz.
BREAKING: President Trump says the ceasefire with Iran is "over."
"I don't want to deal with them anymore, they are scum," Trump says. pic.twitter.com/laHQdRKZUV
— The Kobeissi Letter (@KobeissiLetter) July 8, 2026
Equity markets ended Wednesday’s session with mixed results after surrendering earlier advances. Crude prices surged in response to Trump’s statements.
Crude Advances, Precious Metals Retreat
Brent crude rose 1% to reach $78.80 per barrel, marking its third consecutive daily gain.
Gold extended its losing streak to four sessions, hovering around $4,060 per ounce. Rising rate forecasts are pressuring the precious metal, as it becomes less attractive when interest-bearing assets offer higher returns.
Money markets recalibrated their forecast for the Federal Reserve’s next rate increase to October from the previous December estimate.
Digital Assets Demonstrate Stability
Bitcoin was changing hands at $62,009, reflecting a 1.2% 24-hour decline while maintaining a 1.6% weekly gain.
Bitcoin (BTC) Price
Ether stood at $1,730, down 1.2% daily but posting a 5.7% gain across seven trading sessions.
Solana emerged as the session’s laggard, quoted at $77.25 with a 1.8% daily decrease and 1.7% weekly decline. XRP edged down 0.7% to $1.09.
Bitcoin’s response to geopolitical turbulence has been remarkably subdued. Historically, Strait of Hormuz-related news could trigger 5% single-day declines in Bitcoin. This week’s movement registered just 1.2%.
This behavioral shift has persisted since February. Each successive escalation has generated diminishing price reactions from Bitcoin.
Market participants are increasingly viewing these events through an interest rate lens rather than crypto-specific risk factors. Bitcoin is demonstrating stronger correlation with rate expectations than petroleum prices.
The critical support zone remains at $60,000. Bitcoin has defended this level throughout a simultaneous rate repricing, oil shock, and bond market selloff.
The Fear and Greed index advanced to 27 Thursday, concluding a 40-session stretch in extreme fear territory. The index hasn’t sustained levels above 50 since November.
Government debt instruments in Japan, Australia, and New Zealand also declined Thursday, continuing Wednesday’s worldwide selloff. Two-year Treasury yields approached their 2026 peak.
Market observers are also monitoring developments in the AI semiconductor space. SK Hynix is scheduled to launch its IPO Friday, providing fresh insights into chip demand following June’s sector correction.
Should Bitcoin preserve support above $60,000 amid continued escalations while gold extends its decline, it would reinforce the market’s treatment of cryptocurrency as a rate-sensitive instrument rather than a traditional risk hedge.
The post Market Watch: Equities Advance While Bitcoin (BTC) Maintains $62K Amid US-Iran Tensions appeared first on Blockonomi.