Crypto Markets & On-Chain Ecosystem Developments

According to a July report filed by the MAGA super political action committee with the Federal Election Commission (FEC), Gemini Trust Company made two bitcoin-form donations, each exceeding $5 million, for a total of $10 million. The disclosure of the donations came about three weeks after the CFTC and Gemini filed a joint motion with the federal court, in an effort to overturn their $5 million settlement agreement. Gemini’s $10 million Bitcoin donation: FEC report details and timing background

According to Onchain Lens, Circle minted 250 million USDC on Solana 4 hours ago on July 24. This marks the fourth time in two days that Circle has minted 250 million USDC on the Solana blockchain. Year-to-date, Circle has minted a cumulative 7.201 billion USDC on Solana in 2026.

Citigroup downgraded Coinbase's target price from $400 to $235 on the 23rd (local time), according to reports from Odaily and other foreign media on the 23rd (local time). Wall Street's consensus view also places Coinbase's target price in the $230 range. On the 24th (Korea time), investment

According to reports on July 23, Citigroup cut its Coinbase price target from $400 to $235. Wall Street analysts' consensus, based on 26 analysts tracked by TipRanks, set a 12-month average price target at $233.04, with a "Moderate Buy" rating comprising 20 buy, 4 hold, and 2 sell

Trump’s administration announced on July 24 that it would impose global tariffs of up to 12.5% on imports from more than 60 countries, effective at midnight Eastern Time on Friday, replacing the earlier temporary 10% tariff that applied to all countries. The price of Bitcoin fell to around $64,985, and the crypto market saw a notable increase in long liquidations. Iran transferred 10 to 21 members of the Islamic Revolutionary Guard Corps and shipped gold to help fund the Houthis. Trump’s new glo

According to on-chain analyst Onchain Lens, a single entity staked 1.49 million HYPE tokens worth approximately $88.2 million across 8 wallets, with individual wallet positions ranging from 115,700 to 390,400 tokens. Simultaneously, another entity unstaked 2.92 million HYPE tokens valued at approxi

According to 1kx, on-chain protocol fees declined 33% year-over-year in Q2, with DEX fees dropping 57% to $625 million, primarily led by Meteora, Raydium, and PancakeSwap. Blockchain and MEV fees fell 40% to $362 million, while Launchpad fees decreased 57%. Perpetual contracts and prediction

Ripple launched Ripple Mint on July 23, a platform that gives eligible institutions web-based and programmatic access to mint, redeem, and manage the Ripple USD (RLUSD) stablecoin. The platform combines a browser interface with application programming interfaces (APIs) that allow institutions to

On July 23, Ripple launched Ripple Mint, a platform enabling eligible institutions to mint, redeem, and manage RLUSD stablecoin through browser-based and programmatic interfaces. The platform combines automated APIs, webhook notifications, and reference IDs to help institutions integrate RLUSD

According to CriptoNoticias, Argentina's government on July 24 proposed allowing mutual investment funds (FCI) to invest in Bitcoin and cryptocurrencies, with virtual assets eligible as collateral. The measure, drafted by Economy Minister Federico Sturzenegger as part of a deregulation bill, is

Nine firms including BlackRock and Fidelity launched the Bitcoin Security Consortium on the 23rd via X to support the long-term security and stability of the Bitcoin protocol. The consortium was formed to address Bitcoin security challenges through collaborative research and development. Members

According to Decrypt, Fazenda Engenho Velho farm in Brazil's Paraná state completed the first tokenized livestock financing transaction formally registered on the B3 securities exchange, using 10 dairy cows as collateral to secure 100,000 Brazilian reals (approximately $19,400 USD). Each cow was

According to the Bitcoin Security Consortium's official X announcement on July 23, nine major institutions including BlackRock, Fidelity Digital Assets, Coinbase, Blockstream, and Galaxy committed $15 million over three years to support Bitcoin protocol security research and development. The

According to Zama founder Rand, Zama has launched Confidential RFQ, a confidential request-for-quote protocol, on Ethereum mainnet in private testnet. Public release is planned for September, with multi-chain support to follow. Built on the ERC-7984 confidential token standard, the protocol uses

According to whale "Set Ten Major Goals" on X, Bitcoin is unlikely to drop below $60,000 in the foreseeable future. The trader noted that after consolidating between $58,000 and $63,000 and stabilizing above $66,000, market conditions support a further move upward, with potential to

According to VanEck digital assets research head Matthew Sigel, multiple public companies employing digital asset treasury (DAT) strategies have abandoned or adjusted their bitcoin holdings since 2026. Satsuma Technology, Bitdeer, Prenetics, Genius Group, Vaultz Capital, and MAIA Biotechnology have

According to Bitwise's Q3 2026 staking report released on July 24, Ethereum staking reached an all-time high of 40.2 million ETH, comprising 33% of total ETH supply. The surge in staking this year was primarily driven by institutional participants, including staking ETFs, corporate treasuries, and o

According to Bubblemaps' on-chain analysis, since launching in 2021, BitMEX's BMEX token's 75% supply allocated for employee incentives, ecosystem growth, and long-term reserves remained unclaimed. Bubblemaps found that 92% of total supply was initially locked in vesting contracts, with the

According to ARK Invest research director Lorenzo Valente, Hyperliquid's real-world assets (RWA) trading volume exceeded cryptocurrency assets for the first time in a single week, accounting for 54% of total trading volume on the platform today. Of this, $26 billion comprised HIP-3 RWA trades,

According to CoinDesk, fintech firm Tassat launched Project NENYA on July 24 to help regional and mid-sized banks access stablecoin reserve management markets. The platform, set to launch in early 2027 following a pilot in the first half of 2026, will connect regulated stablecoin issuers with banks