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Digital asset services firm Keyrock has announced its acquisition of the trading and brokerage assets from the institutional crypto division of bankrupt U.S. trading firm BlockFills. According to CoinDesk, the deal includes BlockFills' client list, trading technology, derivatives expertise, and regulatory licenses. Keyrock stated that the transaction will enable it to expand its institutional crypto business. CoinDesk previously reported that Keyrock had agreed to acquire BlockFills for $3.25 million.

David Hoffman, co-founder and host of the crypto podcast platform Bankless, stated on X that Bitcoin's current trend could lead to either a sideways movement or a final capitulation. However, he believes it is more likely that Bitcoin has already bottomed out and is now entering a consolidation phase, adding that the bottom is nearly in.

Injective has submitted an application to the U.S. Securities and Exchange Commission (SEC) to become a Transfer Agent as part of its initiative for regulated real-world assets (RWA). The move aims to bring core market functions on-chain, allowing the token itself to serve as the record of ownership. This would reduce intermediate verification steps and enable security tokens to be registered and transferred in seconds.

Visa has launched a new platform to provide stablecoin services to more than 200 million merchants, Unfolded reported. The platform allows banks and fintech companies to integrate stablecoins such as OUSD, USDC, and USDG into Visa's existing payment and treasury systems. It targets 15,000 institutions and is already processing billions of dollars in stablecoin transactions.

Kraken has launched European-style, cash-settled options for Bitcoin (BTC) and Ethereum (ETH) on its Kraken Pro platform, targeting professional and institutional investors. The option contracts feature a linear structure, are settled in U.S. dollars, and offer weekly, monthly, quarterly, and semi-annual expiries. Initial trading will be conducted via a request-for-quote (RFQ) system. Portfolio margin is applied by default, with spot, futures, and options managed within a single wallet. Users can also use over 30 currencies as collateral. The service is scheduled to be offered to European clients in the second half of 2026, pending regulatory confirmation.

Approximately 85% of concentrated liquidity on major decentralized exchanges such as Uniswap, PancakeSwap, and Aerodrome is not being fully utilized, according to an analysis by on-chain data platform Dune. Citing Dune's data, The Block reported that out of an average weekly liquidity of $1.84 billion, around $542 million was outside its designated price range, generating no fees. This has led to an estimated loss of about $150 million in annual fee revenue for liquidity providers. Furthermore, 36.7% of these out-of-range funds have remained unadjusted for over 90 days.

Crypto market maker Jump Trading has doubled the size of its dedicated prediction markets team to about 20 people this year to capitalize on the sector's growth, Bloomberg reported. Simon Johansen, head of prediction markets at the firm, said that trading in these markets has surged to all-time highs, particularly around major events like the World Cup. He added that the company plans to continue hiring for the team.

Abraxas Capital has continued to accumulate ETH, withdrawing an additional 8,452 ETH (worth approximately $16 million) from Binance and Bybit over the past five hours, according to on-chain analysis account Lookonchain.

The Financial Action Task Force (FATF) has called for the swift enforcement of crypto anti-money laundering (AML) regulations. According to Cointelegraph, the FATF stressed that criminal organizations are increasingly using stablecoins and issuing their own tokens to evade asset freezes. The organization emphasized that countries must more actively implement their crypto AML rules.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.25% - Nasdaq: -0.54% - Dow Jones: +0.29%

Polygon Labs CEO Marc Boiron announced on X that the company has conducted significant layoffs as it finalizes its acquisition of Bitcoin ATM firm Coinme. Boiron described the move as a difficult but necessary decision made today as part of the company's transition from a blockchain foundation to a blockchain-based payments company. He explained that the two types of organizations operate differently, requiring changes in structure and talent. The acquisition is part of an effort for Polygon Labs to achieve profitability by 2027, and the existing Coinme team will be integrated into the company, Boiron added.

There is no evidence to suggest that the growth of stablecoins is eroding U.S. bank deposits, the Coinbase Institute stated in a new report. The institute highlighted that three independent studies—by the White House Council of Economic Advisers, Charles River Associates, and Cornell University Professor Lin William Cong—all reached the same conclusion despite using different methodologies and data. According to Professor Cong's analysis, consumers would only move a significant volume of funds from banks if stablecoin yields surpassed approximately 6%. The report notes that the current interest rate for USDC on Aave (AAVE) is around 4%, below this threshold. The institute also pointed out that while USDC's market capitalization grew to about $75 billion in recent years, regional bank deposits also increased, and a 2024 UCLA study found that 70-80% of U.S. bank deposits do not respond to interest rate changes. Coinbase argued that the emergence of stablecoins actually creates an opportunity for regional and smaller banks to compete more effectively with larger institutions by moving payment and cross-border remittance infrastructure to a shared distribution network.

The global market capitalization of stock tokens reached an all-time high of $2.3 billion on July 15, Cointelegraph reported. According to data from Token Terminal, Ethereum holds the largest network share at 34%, followed by BNB Chain with 30% and Solana with 23%. By issuer, Ondo Finance leads with $955 million, followed by Kraken's xStox at $507 million and Binance's bStox at $334 million. However, stock tokens represent only about 5.5% of the broader $34 billion real-world asset (RWA) tokenization market. Data from RWA.xyz indicates the largest RWA sector is U.S. Treasury tokens at $15 billion (44%), followed by commodity tokens at $4.5 billion (13%). Meanwhile, a June report from Binance Research stated that the RWA market grew 589% from early 2025 to June 2026, led by Treasury and money market funds.

Prediction market platform Pascal has raised $9 million in a Series A funding round led by Union Square Ventures (USV), Fortune reported. The company's valuation was not disclosed. Pascal, which launched in June and is currently in private testing, offers a service in the form of perpetual futures that trade on prediction events as the underlying asset.

Hardware wallet company Ledger has announced the launch of the Ledger Agent Stack, an open-source toolkit for integrating AI agents with crypto wallets. The toolkit enables AI agents to check wallet balances, prepare transactions, or propose execution plans. However, all transactions require final user approval on the Ledger hardware wallet.

Cryptocurrency payment infrastructure firm MoonPay has acquired Glide, a Y Combinator-backed crypto deposit startup, in an all-stock deal, The Block reported. Glide provides technology that allows users to deposit cryptocurrencies from over 100 tokens and more than 30 blockchain networks without the need for bridges or swaps.

Derivatives firm Bitunix announced the launch of the Bitunix Card, a debit card powered by Visa. The card is accepted at 130 million Visa merchants globally and can be used for everyday payments on services such as Uber, Amazon, Netflix, and ChatGPT. Users can earn up to 8% cashback, capped at 1,000 USDT per month. The card also supports major digital wallets including Apple Pay, Google Pay, and PayPal.

The decentralized lending protocol Morpho announced that its app and API services have been fully restored following a temporary suspension caused by an Amazon Web Services (AWS) CloudFront outage. According to Wu Blockchain, Morpho's lead engineer, Julien, explained that the disruption, which occurred about three hours ago, was presumed to be an issue with AWS CloudFront.

The Crypto Council for Innovation (CCI), a U.S.-based lobbying group, announced on July 16 that it has welcomed Etherealize, Hyperliquid Policy Center, and Tools for Humanity as new members. CCI stated that the new additions follow its recent expansion into the vault and digital energy sectors, part of an ongoing effort to provide policymakers worldwide with technical expertise across the entire digital asset ecosystem.

Ondo Finance (ONDO) has entered into a strategic partnership with Japanese financial giant SBI Group, according to a company blog post. The two companies plan to tokenize Japanese stocks on-chain and distribute Ondo's tokenized assets through the SBI Group ecosystem. They will also utilize SBI's yen stablecoin, JPYSC, for on-chain payments and as collateral. The collaboration aims to connect Japan's capital markets with the global token economy, expanding access to Japanese assets for investors worldwide.

Galaxy Digital (Nasdaq: GLXY) has launched Galaxy Curator, an institutional vault curation service built on the decentralized lending protocol Morpho, CoinDesk reported. Offered through Fireblocks Earn, the service enables more than 2,400 institutional clients to generate yield by deploying idle stablecoins in on-chain lending strategies. Galaxy stated that the product is designed to provide institutions with access to on-chain yield strategies without the need to manage DeFi infrastructure directly.

Ark Invest has countered the view from Andreessen Horowitz (a16z) that traditional financial institutions will favor permissioned blockchains over DeFi. Ark argued that institutions will, in fact, increasingly adopt public blockchain infrastructure. The investment firm asserted that the openness and interoperability of public blockchains will make them the core of financial infrastructure in the long term.

Alpaca, a tokenized brokerage infrastructure company, announced it has raised $135 million in a funding round led by Peak XV. The company plans to use the funds to expand into the tokenization market and enhance its AI-based financial services.

Stable (STABLE) recorded the highest growth in total value locked (TVL) among all blockchains over the past 30 days, with an increase of 185%, according to CryptoRank. However, its TVL grew from a small base, rising from approximately $11 million to over $30 million. Other blockchains with significant TVL growth during the same period include: - Monad (MON): +78.77% to $621 million - Gnosis (GNO): +44.72% - Mezo: +27.69% - Base: +9.04% - Ethereum (ETH): +7.21% - Volta (A): +5.93% - Optimism (OP): +5.83%

The most popular call option strike price in the BTC options market has shifted from $80,000 to $70,000, CoinDesk reported. The $70,000 call option now has the largest open interest (OI) at $1.63 billion. Imran Lakha, founder of Options Insights, analyzed that market makers are likely to engage in sell hedging above the $70,000 level to maintain neutral positions. He added that this could limit the speed of any BTC rally after it surpasses that price.