Crypto Markets & On-Chain Ecosystem Developments

RENDER holds a major accumulation zone where buyers previously showed strong demand. Strong support keeps the bullish structure intact despite ongoing market uncertainty. A sustained rebound could open the path toward the $20 price target. Fear spreads quickly across the crypto market.

According to interim co-CEO Andrea Yuen, Swyftx has secured an Australian license to offer payment services on July 8. The company said it "won't be a pure crypto spot exchange in future," signaling expansion into additional crypto payment

Stablecoin issuer Tether invested $20 million in Mercado Bitcoin, a Brazilian cryptocurrency platform. The investment supports expansion of tokenized financial products, stablecoin payment services, and blockchain-enabled lending solutions across Latin America. The transaction reflects growing

Strike launched a Bitcoin-backed loan product that eliminates forced liquidations during market crashes. The company introduced the volatility-proof loans after customers experienced liquidations following Bitcoin's 54% decline from its peak after the May 2025 product launch. According to a Ledn

According to Tether's announcement on July 7, the stablecoin issuer invested $20 million in Brazilian cryptocurrency platform Mercado Bitcoin to expand blockchain-based financial services across Latin America. The capital will support Mercado Bitcoin's expansion of tokenized financial products, stab

Bitcoin rose nearly 10% over the past week to around $64,023, touching a two-week high above $64,500. Market maker Wintermute characterized the move as a 'textbook relief rally' driven by easing macroeconomic conditions, a more dovish tone from the Federal Reserve, and improving headlines around

According to CoinDesk, Bitcoin slipped 1% to $62,657 on July 7 after the US and Iran exchanged aerial strikes, as traders moved away from riskier assets. Ether, XRP, and Solana fell between 1% and 2.3%, while the Dollar Index stayed above 101 and WTI crude oil rose more than 2% to $72.27.

According to Wintermute, Bitcoin rose nearly 10% over the past week to about $64,023, touching a two-week high above $64,500, with the market maker describing the move as a "textbook relief rally." The firm attributed the rebound to three factors: easing macroeconomic conditions, a more dovish

According to Foresight News, Cardano lending platform Levvy announced it will officially shut down by the end of July. The platform urged all users to transfer their assets and repay any outstanding loans before this

According to BlockBeats, Arc announced on July 8 that its testnet will conduct a planned stress test to analyze network performance and stability under extreme conditions. During the test, users may experience network congestion, increased transaction failure rates, higher gas fees, extended block g

Toss operating company Viva Republica announced on the 8th that it signed a memorandum of understanding (MOU) with global Ethereum Layer 2 project Optimism and privacy technology company Sunnyside Labs to verify digital financial infrastructure for developing won-pegged stablecoins. The

According to Viva Republica, Toss has signed a memorandum of understanding with Ethereum Layer 2 project Optimism and privacy technology firm Sunnyside Labs on July 8 to validate digital financial infrastructure for developing a won-linked stablecoin. The three parties will conduct a proof of

According to Cointelegraph, RWA perpetual contracts surpassed $100 billion in trading volume in June for the first time, setting a new all-time high. The milestone was recorded by DefiLlama data.

Yield Guild Games (YGG) co-founder Gabby Dizon announced on July 6 that the company is shutting down its game publishing division YGG Play, launched in 2025, with the platform and some games to be gradually taken offline by July 31. According to a Caladan report in April, of the approximately 3,200 blockchain gaming projects tracked, 93% have been classified as "effectively dead." YGG Play Shutdown Details: 35 Employees, Offline by July 31 According to YGG's official statement, the shutdown arra

According to Foresight News, Category Labs launched Cadence, a new consensus protocol featuring a multi-concurrent proposer (MCP) mechanism that enables multiple block proposers to participate concurrently without sacrificing latency. Simulation tests on a 200-node global network showed average

From late June to early July, three major changes occurred at the Ethereum organizational level: On June 22, five former Ethereum Foundation (EF) core researchers announced the establishment of Ethlabs, an independent non-profit research and development lab aimed at making Ethereum the settlement layer of the global economy; on June 23, the EF announced a new organizational structure, ending collaboration with about 54 employees (approximately 20% of total staff). After the restructuring, ETH go

Zcash's ZEC token rose about 12% after developers behind Project Tachyon announced they are close to formally proving that the network's incoming Ironwood shielded pool carries no undetectable counterfeiting bug. The price gain follows progress on formal verification work aimed at ruling out a

After Project Tachyon developers said they are close to formally proving Zcash's incoming Ironwood shielded pool carries no undetectable counterfeiting bug, ZEC token rose about 12%. The network's new shielded pool, set to activate in late July, includes a turnstile mechanism that lets wallets

According to Foresight News, Secret Network announced on July 8 that it will migrate SCRT to Arbitrum. A one-time snapshot of SCRT holdings will be conducted on September 1, 2026. After the snapshot, a new ERC-20 version of SCRT will be issued on Arbitrum, which holders can claim via Merkle proof wi

According to Hyperinsight monitoring, SK Hynix (SKHX) opened up 11% today (July 8) but retreated sharply to $1,423, giving back most of its intraday gains. Over the past 30 minutes on Hyperliquid, two whales who entered long positions overnight closed their positions, liquidating