finance

The tokenized asset company Ondo Finance is evaluating a potential acquisition deal, with a valuation range of $250 million to $500 million. According to insiders, the company has not yet appointed formal advisors and is considering expansion through mergers and acquisitions.In 2026, trading activity in the cryptocurrency sector remains active, with tokenization and institutional infrastructure being the acquisition directions of interest for companies seeking to scale.

Hyperscale Data GPUS announced that it has sold 100 bitcoins to fund the construction of its AI data center in Michigan. CEO William Horne stated that this is "converting one balance sheet asset into another" and clarified that his confidence in BTC has not changed. Its Bitcoin 100 ranking is 44th.

The founder of TRON, Justin Sun, delivered a video keynote speech at Malaysia Blockchain Week 2026. He stated that DeFi, TradFi, and AI are accelerating their integration through the same assets, payment channels, and user groups. The future of finance will be a connected system operated collaboratively by institutions, open blockchain networks, and AI, and the infrastructure capabilities of TRON will become an important cornerstone supporting this transformation.Justin Sun pointed out that the scale and efficiency of TRON make it naturally suitable for AI agent payment scenarios. The B.AI and Bank of AI within the ecosystem have already endowed AI agents with independent identities and autonomous trading capabilities, with the number of B.AI users exceeding 2 million. He also responded to industry compliance concerns by highlighting the achievement of T3 FCU freezing approximately $450 million in illegal assets, stating that TRON's goal is to build a bridge between humanity and AI, local markets and global liquidity, providing open infrastructure for the next generation of value flow and inclusive finance.Malaysia Blockchain Week 2026 was held from July 29 to 30 at the Kuala Lumpur World Trade Center and is one of the most anticipated Web3 events in Southeast Asia. This event brought together global policymakers, industry leaders, developers, and investors to discuss the future evolution of blockchain, digital assets, and emerging technologies.

According to ChianCatcher news, the stablecoin credit protocol Ebisu Finance announced today that it has decided to gradually shut down the project. Users need to quickly close remaining Troves, withdraw Stability Pool deposits, and ebUSD DEX liquidity. The minting of ebUSD has been suspended, and the front end will be deprecated in 3 months on October 30.This protocol is a fork of Liquity V2, supporting new collateral types and adjustable risk parameters. It has been running for over a year and has passed two audits. Ebisu aims to provide fixed-rate, open-term credit through ebUSD, with collateral including blue-chip yield-bearing assets such as LRTs, but the team has failed to expand ebUSD liquidity to support meaningful lending volumes.The project explored multiple solutions, including liquidity optimization, multi-chain expansion, structured products, and acquisition opportunities, but none addressed the core bottleneck of the CDP protocol: stablecoin liquidity and sustainable demand. The team stated that there are no plans for the launch or airdrop of EBISU tokens and thanked supporters, inviting other teams to contact them for permission to use their tech stack.

According to Jinshi reports, the South Korean Ministry of Finance stated that South Korea is committed to taking more measures to stabilize the stock market, will take steps to limit leveraged ETF trading, and will restrict retail investors' exposure to leveraged ETF investments, maintaining a 24-hour stock market monitoring system.

South Korean Finance Minister Choo Kyung-ho apologized for launching a single stock leveraged ETF without careful consideration. According to Gate market data, on Wednesday, the South Korean KOSPI index experienced turbulence, dropping as much as 12% during the day, and ultimately narrowing its decline to about 8%. Choo Kyung-ho stated that the government is studying market stabilization measures and may further adjust the relevant regulations for single stock leveraged ETFs to respond to market fluctuations.

The tokenized asset issuer Ondo Finance has abandoned its traditional Layer 1 blockchain plans and launched the Ondo Network instead. The platform is positioned as a trading network catering to institutional needs, designed to support private and high-speed trade execution.The first application of Ondo Network, Ondo Perps, will allow users to trade perpetual futures using tokenized assets as collateral, separating fast and private trade execution from public chain settlement. Ondo Finance has issued tokenized U.S. Treasury bonds and stocks, and is advancing broader trading infrastructure in the context of rising interest in tokenization and 24/7 markets on Wall Street.

According to Cointelegraph, Tether's gold-backed token XAUt has received Shariah certification from Amanah Advisors, confirming that its structure complies with Islamic financial principles— including full backing by physical gold, no interest and leverage, and transparent reserves. Each XAUt represents one ounce of physical gold stored in Swiss vaults.This certification provides Tether with a clearer path to promote XAUt to Islamic financial institutions and investors, and is expected to drive adoption in the Gulf Cooperation Council, South Asia, and parts of Africa. XAUt is one of the largest tokenized gold products in the crypto market, with on-chain asset value increasing from approximately $700 million in July 2025 to about $2.5 billion.

According to Cointelegraph, the cross-chain bridging and atomic swap protocol Garden Finance temporarily took its application offline after detecting abnormal activity on July 27. Blockchain security company Blockaid revealed that attackers exploited a vulnerability in Garden Finance's Hash Time-Locked Contract (HTLC) to steal approximately $450,000 USDT across four networks: Ethereum, Base, Arbitrum, and BNB Smart Chain.

Chairman of Bitmine, Tom Lee, posted on the X platform stating that Ethereum is expected to become the most widely used settlement layer for finance and AI agents, "ETH is the on-chain currency."In addition, in the interview content he shared, Tom Lee also responded to the market's concern that Ethereum is being eroded by Layer 2. He expressed disagreement and pointed out that although Layer 2 networks have attracted tens of millions of real-world users into the on-chain ecosystem, the Ethereum mainnet is still further consolidating its position as the primary economic settlement center, with the Fast Confirmation mechanism able to reduce transfer friction by about 98%.

According to FinanceFeeds, the Indian Parliament's Standing Committee on Finance has recommended that the government establish a temporary regulatory mechanism led by recognized Self-Regulatory Organizations (SROs) to oversee the domestic cryptocurrency and virtual digital asset market. The committee warned that the lack of a clear legal framework exposes millions of retail investors to operational, custodial, and fraud risks.The SRO will implement standardized codes of conduct under the direct supervision of the Reserve Bank of India or the Securities and Exchange Board of India, covering consumer protection, platform transparency, and token disclosure standards, and will be responsible for auditing exchange reserves, mandating the segregation of customer funds from corporate funds, and establishing user complaint handling channels. The committee emphasized that the temporary SRO must operate under strict oversight from the central bank or the securities regulator to address macroeconomic risks such as cross-border capital flows, dollarization of stablecoins, tax evasion, and violations of foreign exchange management laws.

According to Slow Fog monitoring, the decentralized finance protocol Lien Finance was attacked. The attacker exploited a smart contract vulnerability to mint uncollateralized bond tokens and stole approximately $542,000 USDC.Using this vulnerability, the attacker successfully minted new non-anomalous BondTokens without destroying the corresponding input bonds and exchanged USDC through a pre-authorized address, ultimately transferring about 542,144.63 USDC from the victim's address. Analysis indicates that this incident was essentially due to a validation flaw in the bond token exchange logic, allowing the attacker to bypass asset collateral constraints and mint unsupported assets.

Bitwise Chief Investment Officer Matt Hougan published an analysis, stating that the crypto market is showing signs of a bottom ------ since July 1, Bitcoin has risen by 9% while the Nasdaq has fallen by 6%, ETF fund flows have turned positive, and market sentiment has improved. Hougan believes that the next bull market will be driven by the integration of on-chain finance and traditional finance, with the core sectors being stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi.He suggests focusing on two types of opportunities: one type is crypto-native applications represented by Hyperliquid (HYPE) ------ which have real revenue and a strong token economic model (99% of revenue is used for buybacks and burns of HYPE), which has risen 146% this year; the other type is traditional financial institutions represented by Robinhood (HOOD) ------ whose Layer2 blockchain Robinhood Chain attracted over $300 million in deposits within two weeks of launch, processing an average of 3.6 million transactions daily, supporting 24/7 trading of tokenized stocks for users in 120 countries. Hougan is optimistic about mainstream assets such as Bitcoin, Ethereum, and Solana, as well as crypto stocks, while also paying attention to institutions like Coinbase, Figure, BlackRock, Visa, Stripe, and JPMorgan that are scaling up in the crypto space.

The important event in the field of financial technology and digital assets in Asia------Wiki Finance EXPO Hong Kong 2026 will be held in Hong Kong from July 23 to 24, 2026. This event will bring together global financial technology companies, digital asset platforms, and industry participants to discuss the development trends of financial technology and the construction of the digital asset ecosystem.As a stablecoin-driven global payment infrastructure platform, WasabiCard will participate in this exhibition to engage in in-depth exchanges with global partners and share innovative practices and implementation experiences of stablecoin payments in the globalization of enterprises.WasabiCard is committed to significantly enhancing global settlement and payment efficiency for enterprises through its core capabilities of global card issuance, stablecoin payments, cross-border fund distribution, and global remittance. Currently, the platform's services cover over 200 countries and regions worldwide, supporting more than 30 mainstream currencies; at the same time, it integrates a full-process compliance risk control system including KYB, KYC, KYT, and AML to build a safe, reliable, and efficient global funding chain for enterprises.Participating in Wiki Finance EXPO Hong Kong 2026 is not only an important opportunity for WasabiCard to engage in in-depth exchanges with global financial technology and digital asset industry partners but also an important opportunity to further expand global ecological cooperation and enhance brand influence. In the future, WasabiCard will continue to promote innovation in stablecoin payment infrastructure and explore new trends in the development of the global payment system together with industry partners.

The WEEX App shows that the platform is continuously enriching digital asset financial management options. Among them, the APR for the first 200 USDGO in the USDGO current Staking is as high as 20%, while the APR for the portion exceeding 200 USDGO is 12%. This product supports subscription and redemption at any time, with daily interest distribution by the platform.Currently, WEEX supports financial management staking for more than 20 mainstream and popular cryptocurrencies, including USDT, BTC, ETH, DSDC, GOLD (PAXG), HYPE, with an APR that remains industry-leading.

Anchorpoint, established by Standard Chartered Bank (Hong Kong), is one of the first two holders of the stablecoin issuer license granted by the Hong Kong Monetary Authority in April this year.Standard Chartered and Anchorpoint are expected to issue a joint announcement by the end of this month, within the next two weeks, to launch the HKDAP stablecoin pegged to the Hong Kong dollar. Previously, in April this year, the Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses to Anchorpoint and HSBC.

According to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the Robinhood Chain native CDP protocol Arrow Finance has been the project with the most new followers among X (Twitter) Top personalities. New influential figures following this project include well-known analyst 0xWizard (@0xcryptowizard), SpiderCrypto (@SpiderCrypto0x), and well-known KOL 0xSun (@0xSunNFT).

According to The New York Times, as Robinhood incorporates prediction markets into its app, concerns about the platform potentially exploiting young, inexperienced investors have intensified. Additionally, many still associate Robinhood with the Meme stock craze that swept the market, of which Robinhood was a significant driver.Now, Robinhood hopes that the public sees more than just these labels. The company has become one of the institutions responsible for operating the Trump Accounts program, which gives Robinhood the opportunity to build closer connections with the next generation of investors while further strengthening its ties with Washington.Robinhood CEO Vlad Tenev responded that this move is not intended to encourage speculation but rather to expand financial inclusion and help more American families participate in long-term investing. Currently, Robinhood has adjusted some product designs and is attempting to transition from a "speculative trading platform" to a broader financial services company.