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Aave founder Stani stated that the recent gradual contraction of low adoption assets and networks on Aave should not be interpreted as a judgment on any L1 or L2. This move is primarily aimed at reducing Aave's risk exposure in operational, technical, and economic aspects, thereby concentrating resources on more impactful key directions, including expanding existing high-value markets and developing securities financing business.He also emphasized that L2 remains an important component of the Ethereum user experience. For example, the stablecoin vault in the Aave application uses L2 as its accounting layer, with the goal of driving mainstream users into decentralized finance. Meanwhile, networks like Avalanche are also promoting the on-chain of real-world assets through institutional business expansion, which has been a relatively weak area for Ethereum in the past.

According to Aave founder Stani Kulechov, after completing a comprehensive review, Aave will gradually phase out 50 low adoption rate asset reserves across multiple deployment environments and orderly stop deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, involving an additional 25 asset reserves.In addition, 21 expired Pendle PT assets will also be eliminated and replaced by new expiring assets. This adjustment involves approximately $98.1 million in supply assets and $15.6 million in debt. Stani stated that this move aims to reduce the economic and technical risks of the protocol based on the new Aave risk framework and technical asset listing framework, and Aave will continue to assess the risks of assets in each deployment environment.

According to Bitcoin.com, Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ: MSTR), stated that since the company established Bitcoin as its primary reserve asset in August 2020, MSTR's annualized return has reached 42%, surpassing Bitcoin itself, the "Magnificent Seven" tech stocks, and the S&P 500 index. As of today, Strategy holds 843,775 BTC, with a total purchase cost of approximately $63.69 billion, an average price of about $75,476 per coin, and currently has an unrealized loss of about 17.9% (approximately $11.4 billion) compared to the cost price.To address the increasingly complex capital structure, Strategy launched three new metrics on July 24: Net BTC Per Share, BTC Hurdle ARR (the minimum annualized return required to cover financing costs), and BTC Floor ARR (the minimum annualized return required to maintain leverage sustainability), to help investors more clearly assess the actual value of their Bitcoin holdings. In addition, the company plans to support preferred stock buybacks by selling a portion of its Bitcoin in the future.

According to Cointelegraph, the UK's Financial Conduct Authority (FCA) has released a policy research report titled "Stablecoin Sprint," gathering opinions from industry participants such as banks, payment companies, and stablecoin issuers.The report points out that stablecoins have recently shown significant advantages in the field of cross-border payments, especially providing substantial assistance to emerging markets with limited access to US dollar channels; however, in the domestic retail payment scenario in the UK, the existing payment systems are already relatively fast and inexpensive, leading to a lack of motivation for consumers to switch, and the adoption speed is expected to lag behind. The findings of the above research have been incorporated into the final regulatory rules released by the FCA on June 30, which require that stablecoins issued in the UK must be fully backed by reserve assets and redeemable at face value.

Strategy President and CEO Phong Le posted that over the past 4 years, driven by factors such as Bitcoin treasury companies, ETFs, institutional funds, and support from the United States, Bitcoin's dominance has continued to rise.CoinGecko charts show that BTC's dominance has steadily increased from about 39% at the beginning of 2023 to nearly 60% by mid-2025, and as of July 2026, it remains around 55%.Phong Le further pointed out that with the adoption of stablecoins, asset tokenization, large banks, and increased global support, the digital asset economy surrounding Bitcoin will continue to expand, and Bitcoin's dominance is expected to continue growing.

After completing a rigorous and comprehensive security review, United Stables officially announced the adoption of Chainlink as the official data and cross-chain infrastructure driving the U stablecoin.

Strategy founder Michael Saylor posted on the X platform, stating that enterprises enable people to organize around a common mission within a legal framework, achieving greater efficiency, transparency, credibility, scale, and sustainability.He believes that for Bitcoin to succeed as a global monetary network, adoption by enterprises is necessary, inevitable, and welcome.

According to Cointelegraph, ARK Invest's research director Lorenzo Valente published a rebuttal to a16z crypto's view that "traditional finance will adopt blockchain rather than DeFi," arguing that institutions will increasingly rely on DeFi infrastructure in the future.Valente stated that public chains are leading private chain projects in actual development, with the growth of tokenized assets on open networks like Ethereum as an example. He also believes that crypto-native companies like Circle and Coinbase are better positioned than traditional financial institutions to build the next generation of financial infrastructure.a16z crypto previously stated that banks and asset management institutions would not directly adopt DeFi but would choose blockchain technologies that comply with existing regulatory, governance, and operational requirements, including features like tokenization and atomic settlement, while continuing to maintain licensing and institutional control.Sentora co-founder Jesus Rodriguez also disagreed with a16z's viewpoint, suggesting that institutions might adopt the underlying infrastructure of DeFi and overlay compliance, custody, and other enterprise-level controls on top of it.

Bloomberg ETF analyst Eric Balchunas posted on the X platform that DTCC's digital conversion is taking place on HyperLedger Besu, which is DTCC's private network, as well as on the Canton public blockchain. This is part of DTCC's multi-chain strategy aimed at ensuring resilience, scalability, and selectivity.Additionally, DTCC currently holds over $114 trillion in securities, and its subsidiaries processed approximately $47 trillion in securities transactions last year.

a16z published a blog post stating that as traditional financial institutions accelerate their exploration of blockchain technology, the market generally believes that the future will see a comprehensive integration of DeFi (Decentralized Finance) and TradFi (Traditional Finance), forming a new financial model through the combination of decentralized finance and institutional distribution systems.However, the reality may not be so. The core motivation for traditional financial institutions to adopt blockchain is not to embrace decentralization, but to value its commercial benefits in reducing costs, improving settlement efficiency, expanding distribution channels, and optimizing customer relationship management.What is more likely to emerge in the future is a new type of "programmable financial infrastructure" based on underlying blockchain technology, optimized for institutional needs, rather than a simple integration of traditional finance and DeFi. Institutions are selectively absorbing certain technological capabilities from DeFi and modifying them according to their own regulatory, risk management, and operational requirements.For example, atomic settlement can reduce counterparty risk, shared ledgers can lower back-office reconciliation costs, programmable funds can automatically execute processes such as interest payments, margin management, and corporate actions, and automated market-making models are also being applied to on-chain foreign exchange and tokenized asset pricing.At the same time, the native DeFi features of open access, anonymity, and trustless execution often conflict with institutional requirements for compliance, control, and accountability. Therefore, cases such as JPMorgan's institutional blockchain project, BlackRock's and Franklin Templeton's tokenized funds, are essentially not traditional finance entering DeFi, but rather using blockchain technology to improve existing financial business processes.In the future, the blockchain industry will have two development paths: on one hand, enterprises and financial institutions will continue to promote the implementation of blockchain infrastructure that meets regulatory requirements, expanding the industry scale through applications such as stablecoins, tokenized assets, and on-chain settlements; on the other hand, open networks will continue to play the role of a source of innovation, continuously generating new financial primitives and market mechanisms, providing technical reserves for future institutional infrastructure.TradFi and DeFi are not in competition but are developing together in different directions. Traditional finance may not fully adopt the DeFi model but will gradually adopt parts that suit its own needs. The true integration may ultimately occur at the underlying blockchain network level, rather than one side replacing the other.For developers, the key is not to chase all markets simultaneously but to clarify the target audience: for institutions, products need to be built around compliance, risk control, and long-term business processes; for open networks, there is a need to continue exploring innovation, liquidity, and network effects. The future financial system may operate on blockchain infrastructure, but the most important innovations may still come first from open networks.

The newly launched Bitcoin bank adopts an index display, with Fidelity ranking first at 71%, BNY in second place at 46%, and Goldman Sachs in third place at 45%. JPMorgan, Morgan Stanley, and Citigroup all stand at 43%. This index evaluates the Bitcoin-related service adoption of 25 major global institutions in trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%.The scores of the remaining institutions range from 13% to 38%, with Wells Fargo at 38%, Banco Santander and Société Générale both at 35%, Charles Schwab and TD Bank both at 32%, BNP Paribas, HSBC, Crédit Agricole, and UBS all at 30%, Bank of America, Barclays, and Standard Chartered all at 28%, State Street at 27%, Mizuho and Deutsche Bank both at 22%, MUFG at 18%, Lloyd's at 17%, and SMBC and Royal Bank of Canada both at 13%.

According to CoinDesk, Franklin Crypto Chief Investment Officer Seth Ginns stated that although digital asset prices have not reflected the strongest fundamentals in the industry for years, institutional adoption of crypto is accelerating. Ginns pointed out that the momentum of the integration between traditional finance and crypto is strong, and believes that under current market conditions, liquidity crypto investments are becoming increasingly attractive.He mentioned that Robinhood's blockchain initiative is an example of the shift from traditional financial distribution to crypto infrastructure, with the tokenization of money market funds, tokenized stocks, and stablecoin adoption driving the integration of traditional finance and blockchain technology. Ginns expects that the Senate vote on the Clarity Act will provide institutions with more regulatory certainty and is optimistic about Hyperliquid's revenue-driven token buyback model. He also believes that DeFi protocols such as Uniswap, Aave, and Chainlink can benefit from improved token value capture mechanisms.

According to The Block, JPMorgan analysts pointed out that Strategy's recent sell-off of Bitcoin and its BTC monetization plan may bring temporary selling pressure, but it is not the main structural risk for Bitcoin. The greater risk lies in blockchain applications (including payments, clearing, RWA, etc.) increasingly shifting towards bank-built or regulatory-friendly permissioned chains and unified ledgers, rather than public chains.If tokenized deposits, SWIFT blockchain projects, central bank digital currencies, etc., are implemented within traditional financial infrastructure, and settlements adopt more private or delayed netting models, the activity, liquidity, and capital flow of public chains and tokens may be weakened, and the demand for stablecoins may also be partially replaced by bank tokenized deposits, thereby suppressing Bitcoin's performance. Analysts stated that a hybrid architecture, favorable regulation for public chain stablecoins, or a strengthened "digital gold" narrative may correct the above judgment.

The Zcash development team announced plans to introduce formal verification through the upcoming new privacy pool Ironwood, using mathematical proofs to eliminate the risk of "undetectable inflation vulnerabilities."According to previous news, although the vulnerabilities in the Orchard shielded pool have been fixed and there is no evidence of exploitation, the community decided to launch a brand new Ironwood shielded pool and conduct comprehensive formal verification of its protocol, as it is theoretically impossible to confirm whether hidden inflation has occurred through on-chain history.

The non-profit organization Ethereum Institutional has announced its establishment, positioned as the "institutional-level unified entry point" for the Ethereum ecosystem, focusing on connecting large financial institutions worldwide with the Ethereum network, promoting the institutional adoption of on-chain financial infrastructure. The organization has received funding support from investors including Bitmine, Sharplink, and Ethereum co-founder Joe Lubin.Ethereum Institutional states that its core goal is to provide a "trustworthy and neutral interfacing layer" during the critical window for accelerating the layout of tokenized assets, stablecoins, and on-chain market infrastructure in global financial institutions, helping institutions connect with the Ethereum ecosystem throughout the entire process from evaluation and testing to large-scale deployment.

The latest report from payment infrastructure company Cybrid shows that the adoption of stablecoins by enterprises is accelerating towards becoming mainstream. Among the 468 corporate executives and business leaders surveyed, as many as 42% of companies are already using stablecoins for cross-border payments, and 88% of respondents indicated they are very likely to adopt them within the next 12 months, while only 2% of respondents said they would rely entirely on traditional payment networks.Data shows that companies using stablecoins save an average of 35% on cross-border payment costs; for large enterprises processing over $100 million monthly, cost savings can reach up to 47%. The most common use cases for companies using stablecoins are: payroll disbursement, vendor payments, and customer payments. In addition, 71% of respondents emphasized that clear regulatory policies (such as the recently passed stablecoin regulatory bill GENIUS Act in the U.S.) are the most critical factor driving their expansion of stablecoin usage, with its importance even surpassing the level of infrastructure improvement.With the growth in demand, the supporting infrastructure in the industry is also continuously expanding. Data from payment platform Paybis shows that in the first four months of 2026, B2B transactions accounted for nearly 98% of the total stablecoin payments on its platform. This Monday, Bank of New York Mellon (BNY) also announced the expansion of its digital asset custody platform, allowing institutional clients to store and circulate Circle's USDC directly through the bank.

The economic laboratory of the fintech company Ramp has released a new version of the Ramp AI Adoption Index report. Based on spending data analysis from over 70,000 U.S. enterprise customers, the adoption rate of enterprise-level AI for Anthropic increased by 2.5 percentage points to 41%, officially surpassing OpenAI, which slightly decreased to 39.5%, establishing a leading position in the field of commercial applications.The report focuses on analyzing the spending trends of top enterprises that "deeply adopt AI." Data shows that the top 1% of enterprises spend as much as $7,449 per employee per month on AI, with this figure still achieving a 14.1% increase last month; in contrast, the top 10% of enterprises have an average monthly spending of $611 per employee, while the median enterprise spends only $11.38 (approximately equal to the cost of a single basic subscription).Additionally, the research points out that enterprises that deeply apply AI do not experience "vendor lock-in" and generally adopt multiple cutting-edge large models, open-source platforms, and vertical AI solutions simultaneously. Although enterprises are beginning to experiment with more cost-effective models (such as DeepSeek) in the face of cost pressures, overall AI spending remains on an upward trend.

Coinbase CEO Brian Armstrong published an article introducing the company's latest progress in AI cost optimization.Armstrong stated that as the usage of AI and Token consumption continues to grow, the key to controlling costs is not to restrict employee usage or frequently send budget reminders, but to optimize default model selection, task routing mechanisms, and caching strategies.He revealed that Coinbase is trying to use open-weight models such as GLM 5.2 and Kimi 2.7 as default options through an internal LLM gateway, while still allowing engineers to choose other models based on specific task requirements. Data shows that 91% of the company's employees have never reached the AI usage quota limit, so Coinbase has not chosen to tighten quotas but instead improved overall efficiency through lower-cost model solutions.In terms of model routing, Coinbase preprocesses prompts and, combined with cache hit rates and the pricing of different models, automatically assigns tasks to the most suitable model. Armstrong believes that complex tasks such as planning and reasoning may require support from cutting-edge models, but execution tasks do not necessarily need to invoke higher-cost models. In the future, the model selection process should be more automated by AI rather than relying on manual decisions.Additionally, he pointed out that cache hit rate is one of the important factors affecting AI costs. Coinbase has incorporated a cache-aware mechanism into the request process to improve the reuse rate of historical results. For example, in the case of LibreChat, after optimizing the caching solution, its cache hit rate has increased from 5% to 60%.Armstrong also stated that the company requires engineers to keep context as concise as possible, including starting new sessions when switching tasks, narrowing the context scope of files, and closing unused tools, to reduce unnecessary Token consumption.According to him, through these measures, Coinbase has successfully reduced AI spending by nearly 50%, while Token usage continues to grow.

Web3 security company GoPlus Security pointed out that there has been a recent surge in smart contract vulnerability attacks, particularly targeting older contracts that have been deployed for many years. Attackers are leveraging AI technology to quickly discover and exploit these vulnerabilities.Recent typical incidents include:On June 9, a Token of Power (TOP) contract deployed 7 years ago was attacked on Ethereum, resulting in a loss of approximately $1.5 million;On May 25, a WUSD.fi contract deployed 3 years ago was attacked, resulting in a loss of approximately $200,000;On June 14 and June 18, Aztec Network was attacked twice in a row due to an old contract deployed 2 years ago, with total losses exceeding $4 million.GoPlus Security believes that traditional auditing methods are insufficient to effectively cover legacy contracts, and adopting AI-based Always-on Audit services may be the most effective solution currently available, capable of conducting security checks on old contracts in a short period while balancing reliability and cost.