5 days ago
Institutional involvement successful cryptocurrencies was piqued aft “Crypto Week” successful the US saw the transition of the industry’s cardinal stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, oregon GENIUS Act.
Signed into instrumentality by US President Donald Trump connected July 18, the GENIUS Act bans yield-bearing stablecoins successful the world’s largest economy, which whitethorn increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized concern protocols, according to manufacture watchers.
Signaling increasing request for the world’s second-largest cryptocurrency, a radical of crypto researchers and nationalist marketplace experts announced the motorboat of the largest yield-bearing Ether money for organization investors, called Ether Machine.
The institution plans to make a publically traded conveyance for institutional-grade Ether output and infrastructure exposure, readying to put implicit $1.5 cardinal successful Ether to signifier “one of the largest onchain ETH positions of immoderate nationalist entity.”
Ether Machine to motorboat $1.5 cardinal organization ETH output fund
A squad of crypto-native researchers and nationalist marketplace experts is preparing to motorboat what it calls the largest yield-bearing Ether money targeting organization investors.
The company, called Ether Machine, plans to make a publically traded conveyance offering institutional-grade vulnerability to Ethereum infrastructure and Ether (ETH) yield, it announced connected Monday.
It is co-founded by Andrew Keys, a erstwhile committee subordinate and caput of planetary concern improvement astatine Consensys, and David Merin, a erstwhile firm improvement enforcement astatine Consensys who present serves arsenic Ether Machine’s CEO.
Ether Machine aims to “expand Ethereum’s economical information arsenic the basal furniture for the adjacent epoch of planetary concern and computation,” according to its website.
Source: sassal0xThe institution volition beryllium formed done a operation of The Ether Reserve and Dynamix Corp, a Nasdaq-listed peculiar intent acquisition company.
Following this, Ether Machine plans to database connected Nasdaq nether the ticker awesome “ETHM,” with implicit 400,000 ETH worthy much than $1.5 cardinal nether absorption astatine launch.
Strategy launches Bitcoin banal pegged astatine $100 to summation treasury
Strategy, the world’s largest firm holder of Bitcoin, is launching a caller benignant of banal offering to rise further funds for further concern successful the cryptocurrency.
Michael Saylor’s Strategy announced plans to behaviour an archetypal nationalist offering of 5 cardinal shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
Strategy volition usage the nett proceeds for “general firm purposes, including the acquisition of Bitcoin and for moving capital,” it announced connected Monday.
Unlike erstwhile offerings, the STRC Stock volition accumulate cumulative dividends astatine a adaptable complaint connected the stated magnitude of $100 per share. The archetypal monthly regular dividend volition beryllium 9% annually.
The announcement came 2 weeks after Strategy announced a $4.2 billion at-the-market (ATM) offering connected July 7, which functions arsenic an equity-raising mechanics designed to alteration the steadfast to merchantability recently issued shares to bargain much Bitcoin (BTC).
Source: Michael Saylor The caller offering volition beryllium disposable done an archetypal nationalist offering (IPO) to “select investors,” Saylor said successful a Monday X post.
Blockchain compliance tools tin slash TradFi costs: Chainlink co-founder
Blockchain-based concern products and compliance tools are poised to go much than 10 times faster and cheaper than accepted concern (TradFi) offerings, spurring accrued integer plus adoption by fiscal institutions.
Traditional fiscal compliance products are often fragmented and costly owed to analyzable manual processes, resulting successful billions of dollars successful costs.
“Compliance is an inefficient portion of the accepted concern manufacture that a batch of radical are not blessed about, including individuality verification of AML and KYC,” Chainlink co-founder Sergey Nazarov told Cointelegraph during the RWA Summit 2025 successful Cannes.
“If you comparison what it costs and however analyzable it is to marque a compliant transaction successful the TradFi world, our manufacture should beryllium capable to bash it 10 times faster and cheaper,” helium said. “It’s similar a immense outgo occupation for the TradFi industry.”
Nazarov added that solving this inefficiency could “unblock a clump of institutions from being capable to enactment superior onchain.”
Crypto hacks surpass $3.1 cardinal successful 2025 arsenic entree flaws persist: Hacken
More than $3.1 cardinal successful crypto has been mislaid successful the archetypal fractional of 2025 owed to issues including smart-contract bugs, access-control vulnerabilities, rug pulls and scams, according to a study from blockchain information auditor Hacken.
This fig already exceeds the full of $2.85 cardinal from each of 2024. While the $1.5 cardinal Bybit hack successful February whitethorn person been an outlier, the broader crypto assemblage continues to grapple with information challenges.
The organisation of nonaccomplishment types remains mostly accordant with trends observed successful 2024. Access-control exploits person been the superior operator of losses, accounting for astir 59% of the total. Smart-contract vulnerabilities contributed astir 8% of the losses, with $263 cardinal stolen.
Crypto onslaught types and full nonaccomplishment successful the 2025 half-year. Source: The Hacken 2025 Half Year Web3 Security ReportYehor Rudytsia, caput of forensics and incidental effect astatine Hacken, told Cointelegraph that they observed important exploitation of GMX v1, with its outdated codebase being targeted starting successful Q3 2025.
“Projects person to attraction astir their aged oregon bequest codebase if it was not stopped from operating completely,” Rudytsia said.
CoinDCX announces achromatic chapeau betterment bounty aft $44 cardinal hack
Indian cryptocurrency speech CoinDXC announced a betterment effort aft falling unfortunate to a $44 cardinal exploit connected July 18, with the steadfast pledging a bounty for ethical hackers who assistance retrieve the stolen funds.
CoinDXC’s interior accounts utilized for “liquidity provision” were exploited, starring to $44 cardinal worthy of cryptocurrency being stolen, portion idiosyncratic funds remained unaffected.
In an effort to retrieve the stolen funds, CoinDCX CEO Sumit Gupta announced a caller betterment bounty programme that offers achromatic chapeau hackers up to 25% of immoderate recovered funds they tin assistance hint and retrieve.
“The vulnerability was from our ain reserves, and we person already absorbed it done our firm treasury,” said Gupta successful a Monday X post, adding:
“More than recovering the stolen funds, what is important for america is to place and drawback the attackers, due to the fact that specified things shouldn’t hap again, not with us, not with anyone successful the industry.”The hack “doesn’t interaction immoderate of our customers and the level continues to tally arsenic normal,” helium added.
DeFi marketplace overview
According to Cointelegraph Markets Pro and TradingView data, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the red.
Solana-native memecoin launchpad Pump.fun’s (PUMP) token fell implicit 50% arsenic the week’s biggest loser, followed by the Sonic (S) token, down implicit 20% connected the play chart.
Total worth locked successful DeFi. Source: DefiLlamaThanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
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