Crypto Markets & On-Chain Ecosystem Developments

According to PPP prediction market tool monitoring on Polymarket, the Philadelphia 76ers' odds of winning the 2027 NBA championship rose to 14% this week, up 7% from the prior week. The Thunder currently hold 22% odds, while the Spurs sit at 20%. NBA superstar LeBron James officially signed with the

According to ChainCatcher, SUN token has completed its 51st buyback and burn phase. Since the program launched in December 2021, cumulative token burn has exceeded 678 million (678,547,188.32). In this phase, 9,025,027.40 tokens were burned and transferred to a blackhole address for permanent

NFT platform Forma announced it will cease operations of the Forma blockchain, citing unsustainable maintenance costs. The platform will migrate Modularium and Forma NFTs to Ethereum mainnet to ensure long-term accessibility of digital assets and trading markets. Users' NFTs will remain accessible a

According to ChainCatcher, SHIB market cap surged by approximately $1 billion on July 26, primarily driven by buying pressure from South Korean exchanges. The rally outpaced other dog-themed tokens, which gained around 10%, and significantly exceeded Dogecoin's single-day gain of approximately 6%, i

According to X user DI (@Start16Start), a former BitMart employee, the platform's shutdown announcement was unsurprising. DI posted that from an internal perspective, the closure was expected. The former employee alleged that BitMart had long-standing issues with salary payment delays and internal m

According to ChainCatcher, WOO X ambassador Baki stated on X that BitMart has restricted user withdrawals citing security reasons, suspending automatic withdrawal functions in favor of manual review processes. Under the new system, users must submit identity verification and KYC documents, device an

According to BlockBeats, BitMart Global CEO Nenter Chow was terminated on July 24 and did not participate in or receive advance notice of the exchange's decision to cease platform operations announced on July 26. Chow stated he learned of his removal through the official announcement itself. He

Ring Protocol announced an integration with blockchain infrastructure provider Orbs, enabling the deployment of algorithmic trading tools across four major blockchain networks. The partnership brings Orbs' decentralized limit order (dLIMIT) and time-weighted average price (dTWAP) protocols to Ring P

Ring Protocol recently integrated Orbs' decentralized trading tools across Base, Arbitrum, Ethereum, and BNB Chain, according to Bitcoin.com News. The integration brings Orbs' decentralized limit order (dLIMIT) and time-weighted average price (dTWAP) protocols to Ring Protocol traders, enabling

BitMart announced on Sunday it will wind down its cryptocurrency exchange, ending all trading services on Aug. 26 before ceasing operations entirely on Jan. 31, 2027. The decision follows a careful evaluation of the company's operating conditions, market environment, and future strategic

According to BitMart's official announcement on Sunday, the cryptocurrency exchange will wind down its trading platform operations, ending all trading services on Aug. 26 before ceasing operations entirely on Jan. 31, 2027. The company has stopped accepting new user registrations and deposits,

According to Crypto.news, the North Korean-affiliated hacking group BlueNoroff is exploiting fake Zoom and Microsoft Teams meeting links to scan cryptocurrency users' wallets before deploying malware. The group compromises trusted contacts in the crypto industry and sends seemingly legitimate meetin

According to ChainCatcher, Nasdaq-listed Tron Inc. announced the purchase of 150,517 TRX tokens at an average price of $0.3322 per coin. Following this acquisition, the company's total TRX holdings have surpassed 706.7 million tokens, as the firm continues to expand its digital asset

Hyperliquid, a leading decentralized derivatives platform, saw real-world assets (RWAs) generate 54% of total trading volume last week, marking the first time RWAs outpaced cryptocurrency trading in a single week. ARK Invest research director Lorenzo Valente reported the milestone, highlighting a

According to ARK Invest research director Lorenzo Valente, real-world assets (RWA) represented 54% of total trading volume on Hyperliquid last week, marking the first time RWAs have outpaced cryptocurrencies in weekly volume on the decentralized derivatives platform. Hyperliquid's HIP-3 framework en

According to Digital Asset, multiple altcoin tokens are set to unlock large amounts in the coming week. GRASS will release 31.58 million tokens (3.16% of total supply) on July 28 at 9 a.m. KST, while SIGN will unlock 296.21 million tokens (2.96% of supply) the same day at 9 a.m. KST. KITE will relea