Author: John Smith

Conflux price went parabolic on Tuesday, surging by over 40% amid enthusiasm about the upcoming upgrade and its yuan-based stablecoin efforts. Summary Conflux price formed a God candle ahead of the quarterly community call. The developers will announce details of the upcoming hard fork. Conflux 3.0 will introduce faster speeds, AI agent features, and stablecoin support. Conflux (CFX) token surged to a high of $0.2730, its highest point since April last year, and is now up 370% from its lowest point this year, giving it a market capitalization of over $1.3 billion. Conflux 3.0 hype continues ahead of community call…

MetaMask will allow users to earn passive yield through storing stablecoins in their wallets. The new feature is powered by the Aave protocol. How does Stablecoin Earn work? Summary MetaMask has launched its first passive rewards program for stablecoin deposits. Users can directly deposit stablecoins into the Aave protocol through the mobile app without a lock-up period. On July 29, the crypto wallet service launched its first stablecoin yield product. Dubbed “Stablecoin Earn,” users can now begin to deposit their stablecoins and start earning passive rewards directly from the mobile app. According to the official announcement on the crypto wallet’s…

Coinbase has included Bio Protocol and Euler in its asset roadmap, indicating they could be listed on the exchange down the line. Summary Coinbase added Bio Protocol and Euler to its asset roadmap on July 29. BIO surged nearly 17% after the announcement before paring gains; EUL rose approximately 3.5%. Both tokens are already listed on major exchanges, which may temper the impact of a potential future Coinbase listing. In a July 29 X post, crypto exchange Coinbase announced that it has added Bio Protocol (BIO) and Euler (EUL) to its asset roadmap. Following the announcement, BIO rallied nearly 17%…

Avalanche faces a potential short-term correction due to a bearish RSI divergence, but the broader uptrend remains bullish amid growing institutional adoption of its L1 network. Summary AVAX price tested the critical $27 neckline resistance before pulling back to $25. A bearish RSI divergence suggests potential weakening momentum in the short term. The 20-day EMA, which contained the recent dip, will likely act as support during the correction. The broader uptrend is intact based on a bullish EMA/SMA crossover. Institutional adoption of Avalanche Layer 1 gained momentum with Grove Finance’s recent announcement to deploy $250 million in real-world assets on…

The US Securities and Exchange Commission won’t decide on the Truth Social Bitcoin ETF until at least Sept. 18. Summary The SEC said it needs more time to review the Truth Social Bitcoin ETF. A decision is expected in September. It falls within the standard SEC review process, which allows up to 240 days for a final decision. On Monday, the Commission said it had extended the review period for the proposed fund, which NYSE Arca submitted on behalf of Yorkville America Digital, the asset manager partnering with Trump Media and Technology Group (TMTG). The delay pushes the initial August…

Coinbase is in advanced talks to acquire CoinDCX after a $44M hack, offering less than half of what CoinDCX was valued at in the last bull market. Summary Coinbase is negotiating to acquire CoinDCX for under $1 billion, deepening its investment in India’s crypto sector. CoinDCX recently lost $44 million in a major hack, raising questions about operational risk and trust. The acquisition would help Coinbase build a stronger presence in India ahead of upcoming crypto regulations. Coinbase is allegedly in advanced negotiations to acquire CoinDCX, India’s largest cryptocurrency exchange, as the U.S. firm seeks to grow its presence in…

Tokenization platform Brickken integrated the decentralized lending protocol Credefi to create a peer-to-peer lending system. Summary Brickken integrates Credefi for decentralized lending The new lending system will be peer-to-peer RWAs will serve as the backing for loans Real-world assets are rapidly expanding the potential in DeFi, including for decentralized lending. On Monday, July 28, the tokenization platform Brickken integrated with the DeFi lender Credefi to create permissionless, peer-to-peer lending. Brickken’s lending platform will use the RWAs issued on its platform as loan collateral for lending. Users will be able to put up these RWAs as collateral on Credefi’s DeFi platform,…

Mill City Ventures is committing $450 million to Sui, positioning itself as a bridge between traditional finance and blockchain’s next wave. With elite backers like Galaxy and Pantera, the move may accelerate Sui’s path to mainstream institutional use. Summary Mill City Ventures pledged $450 million to build the first publicly traded Sui treasury, with 98% of proceeds going to SUI token purchases. The move signals a shift from traditional lending to infrastructure-focused crypto reserves, targeting Sui’s high-speed blockchain for institutional adoption. On July 28, non-bank lending company Mill City Ventures III announced a $450 million private placement to fund a…

Despite surging adoption since 2021, cryptocurrency remains a hard sell for most Americans. New Gallup data reveals a stark divide: while 14% of U.S. adults own crypto, 60% have zero interest. Even as regulation takes shape, distrust runs deep. Summary Gallup survey shows just 14% of U.S. adults own crypto, while 60% have no interest. Adoption skews heavily toward young men, college grads, and higher-income conservatives. The GENIUS Act may shape regulation, but trust and utility gaps continue to stall adoption. A Gallup survey conducted June 2-15 found that cryptocurrency ownership in the U.S. has plateaued at a modest 14%,…

Grove Finance, an institutional-grade credit protocol in the Sky ecosystem, will go live on Avalanche, deploying up to $250 million in real-world assets to bolster the layer-1 blockchain’s tokenization traction. Summary Grove Finance has announced its launch on Avalanche, with up to $250 million in real-world assets coming onchain. The institutional-grade credit engine on Sky targets adoption for the USDS stablecoin. Avalanche’s RWA market includes BlackRock’s BUIDL and Franklin Templeton’s BENJI. Grove, introduced recently as an institutional-grade platform designed to accelerate the adoption of the decentralized stablecoin USDS on Sky, is set to expand to Avalanche (AVAX).  The project aims…