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Binance offers gold and silver options after commodity futures pull in billions in daily volume

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Binance offers gold and silver options after commodity futures pull in billions in daily volume

Options are derivative contracts used by traders to hedge price volatility risks. A call option offers asymmetric upside exposure in the underlying asset for a small upfront payment, much like a lottery ticket. A put option represents an insurance against price drops.

Exchanges typically follow a playbook when offering derivatives as a product. They start with futures to build a deep, liquid order book and tight spreads, and only once that core market is humming do they layer on options as a second wave of more complex, higher‑margin products.

A Binance representative shared volume figures for gold and silver perpetual futures that underscore their popularity. Gold perpetuals, according to the representative, have hit a peak daily volume of $7.77 billion, while silver perpetuals reached $7.27 billion. These peaks represented roughly 3–8% of COMEX gold volume and 9–20% of COMEX silver volume at that time.

“The volume growth suggests that when access to traditional market exposure becomes simpler and more integrated, user participation can ramp up quickly,” the representative said. “Liquidity can become relevant quickly.”

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The new options are European-style and settled in USDT. The contracts reference a weighted average of prices drawn from multiple independent third-party data vendors that report the traditional gold and silver markets. This approach produces a robust, market-representative benchmark that does not rely on any single venue or token, according to Binance.

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Cardano Price Prediction: Has Hoskinson’s Vision Become Crypto’s New Roadmap?

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Cardano design philosophy is quietly winning a debate that the market once dismissed in this bearish price prediction environment.

ADA price is trading at $0.163, and the bigger question is whether Cardano design philosophy is quietly winning a debate the market once dismissed in this bearish prediction environment. Our analysis at Cryptonews suggests that formal verification, selective privacy, proof of stake, and broad token distribution are increasingly gaining traction across major blockchain networks. With ADA holding above $0.16, long-term price forecasts have once again caught retail attention.

The argument is not a victory lap. Instead, we see it as evidence of a structural shift across the industry. More than $2.5 billion has been lost to bridge hacks over the past five years, making the “ship first, patch later” approach increasingly difficult to justify. We also note AI-assisted bug discovery at Zcash and Ethereum validator software as signs that formal verification is becoming an operational necessity.

Cardano design philosophy is quietly winning a debate that the market once dismissed in this bearish price prediction environment.

We also observe that Ethereum’s updated multiyear roadmap now includes formal verification as a key priority. Based on current development timelines, that transition could take around four years. Meanwhile, Ethereum’s Layer 2 roadmap reflects how much the competitive landscape has changed since Cardano first embraced these ideas.

Still, whether narrative convergence leads to price gains remains the harder question. Markets often take time to reward long term thesis validation. For now, ADA’s chart shows limited momentum despite renewed interest in Cardano’s technology and Charles Hoskinson’s vision.

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Cardano Price Prediction: Break $0.20 Before the Next Altcoin Rotation?

Cardano price is pressing against a ceiling and a prediction that has been tested but not cleared. The recent 24-hour range of $0.1660 to $0.1742 keeps the price in a tight band. Meanwhile, the seven-day range of roughly $0.1570 to $0.1919 shows sellers still defending the area below the $0.20 resistance zone.

That leaves $0.175 as an important level to watch. A rejection there could send ADA back toward recent weekly lows. On the other hand, a clean move above it would strengthen the case for another run at $0.20, where selling pressure has repeatedly emerged.

Cardano (ADA)
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Longer-term forecasts remain mixed despite improving sentiment. Binance projections place ADA’s average August target near $0.29, although estimates vary widely. Coinbase remains more conservative, targeting about $0.49 in 2026 and $0.59 in 2030. Meanwhile, Changelly still expects ADA to trade between $0.148 and $0.161 during parts of 2026.

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The bullish case depends on sustained altcoin rotation pushing ADA above $0.175 with stronger trading volume. Otherwise, the base case remains a sideways move between $0.16 and $0.175 as governance developments support demand. A drop below $0.157 could expose another test of recent lows if on-chain activity fails to improve.

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Bitcoin Hyper Targets Early-Mover Upside as Cardano Stalls Below Key Resistance

ADA’s 2.19% daily gain is real, but holding below $0.20 while waiting for a four-year thesis to reprice is a specific kind of trade. Traders rotating out of range-bound large caps into earlier-stage infrastructure plays are finding a different risk/reward profile in the Bitcoin Layer 2 segment.

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Bitcoin Hyper ($HYPER) is a Bitcoin Layer 2 integrating the Solana Virtual Machine with sub-Solana latency with Bitcoin-native security. The presale has raised $32.9 million at a current price of $0.0136838, with staking available for early participants.

The project’s core proposition is removing Bitcoin’s three structural bottlenecks like slow throughput, high fees, and absent programmability, while preserving the base layer’s trust model. A Decentralized Canonical Bridge handles BTC transfers natively.

For traders who track Bitcoin infrastructure momentum, this is worth diligence.

Research Bitcoin Hyper before the next stage closes.

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The post Cardano Price Prediction: Has Hoskinson’s Vision Become Crypto’s New Roadmap? appeared first on Cryptonews.

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Bitcoin Reclaims $64K Ahead of FOMC Meeting, Pi Network’s PI Rebounds: Market Watch

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Bitcoin’s price dipped below $62,800 yesterday in a de-risking move from investors ahead of the FOMC meeting, but it has rebounded swiftly to over $64,000 now.

Most larger-cap alts have turned green as well, with XRP aiming at $1.10 once again. UNI is up by over 5%, while ADA has gained more than 4%.

BTC Jumps Ahead of FOMC

BTC was rejected at $67,000 last week, and the subsequent leg down pushed it south to under $63,600 on Friday. The bulls finally stepped up after this rather substantial decline given the current dull market phase, and bitcoin remained at around $64,000 during most of the weekend.

It even climbed slightly on Sunday following some de-escalation news on the US/Iran front. More profound increases came on Monday morning when the asset priced in the lack of new attacks between the US and Iran and jumped to $65,600 on a couple of occasions.

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However, it failed there quickly and tumbled hard on Tuesday. Just a day before the most unpredictable FOMC meeting in years, the cryptocurrency dumped below $62,800, losing $3,000 in less than a day.

Nevertheless, it has bounced off rather nicely over the past several hours, currently trading well above $64,000. Its market capitalization has risen to $1.290 trillion on CG, while its dominance over the alts has jumped to 57%.

BTCUSD July 29. Source: TradingView
BTCUSD July 29. Source: TradingView

BEAT Rockets, PI Rebounds

Most larger-cap alts have posted some gains over the past 24 hours, led by XRP and ADA. The former is up by 3% to $1.09, while the latter has jumped by 4.4% and now sits at $0.165. ETH has reclaimed the $1,900 level, while XMR is up to $350. UNI has added over 5% of value, followed by SKY, ONDO, and TAO.

In contrast, NEAR has dumped by another 5%, followed by LTC and ZEC. BEAT is by far the biggest gainer over the past 24 hours, surging by 35% to $3.75. Pi Network’s native token follows suit. A 5.5% surge from PI has pushed it close to $0.08 after it dumped to $0.074 yesterday.

The total crypto market cap has recovered $40 billion since yesterday’s low and is up to $2.270 trillion on CG.

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Cryptocurrency Market Overview July 29. Source: QuantifyCrypto
Cryptocurrency Market Overview July 29. Source: QuantifyCrypto

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3 reasons Wednesday’s FOMC interest-rate decision is pivotal for bitcoin (BTC) prices: Crypto Daily

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3 reasons Wednesday's FOMC interest-rate decision is pivotal for bitcoin (BTC) prices: Crypto Daily

The Federal Reserve (Fed) will announce its rate decision at 2 p.m. ET today, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. ET.

Traders typically assign greater weight to FOMC meetings that come with updated economic projections and a “dot plot” of interest-rate forecasts. Today’s gathering lacks both. Yet the outcome still carries outsized importance for three reasons.

Unusual uncertainty over the outcome: Markets are still assigning roughly a 35% probability of a rate increase, CME fed funds futures show. That level of indecision is rare so close to a decision. By now, traders have usually converged on a clear expectation of a hold, hike or cut. Citadel, one of the largest hedge funds in the world, is predicting an increase. The firm argues a move would end forward guidance as a policy choice, an outcome Chair Warsh has long favored.

Bond yields are already rising: Both the 10-year and two-year Treasury yields have broken above key trendlines that defined the shallow pullback in place since 2023 (check the Daily Signal). With the breakout complete, the path of least resistance is now clearly established to the upside.

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Uniswap v4 Fee Maths Under Scrutiny as Adams Defends LP Impact Claims

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Uniswap founder Hayden Adams pushed back publicly against criticism of the protocol’s newly activated v4 fees on Tuesday, arguing that claims the change reduces liquidity provider earnings rest on flawed assumptions. The rebuttal follows Uniswap governance’s approval of protocol fee activation across selected v4 pools on multiple blockchains.

Adams used a 30-basis-point pool as his reference case: a 5-basis-point protocol fee, he said, represents roughly 14% of total swap fees, not a reduction in what LPs earn. His central argument is that protocol fees are additive to the existing fee structure rather than deducted from LP allocations.

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The Technical Dispute at the Center of the Controversy

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That framing is where the controversy sharpens. Critics and portions of the DeFi governance community have pointed to Uniswap’s own v4 documentation, which describes protocol and LP fees as applied sequentially, protocol fee first, then LP fee on the remaining input.

Under that sequential structure, any positive protocol fee mathematically narrows the base on which LP fees are calculated, even if swap volume holds constant.

Adams’ “additive” characterization and the sequential-application mechanics described in protocol documentation represent genuinely different claims about how the fee stack operates.

The primary source does not elaborate on Adams’ technical reasoning for reconciling the two, and no further detail from his X post is available in the sourced reporting. That gap is the live dispute, not whether protocol fees exist, but whether their structural effect on LP returns is material or negligible in practice.

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It is also worth noting that Adams’ arithmetic deserves a brief examination: 5 basis points out of 30 basis points is 16.7% of total swap fees by simple division, not 14%. Whether Adams is applying a different calculation method, perhaps referencing effective LP take after some adjustment, is not explained in the sourced report. The 14% figure is his, and it has not been independently verified in the available sourcing.

Uniswap Scale and the Stakes for LPs

The stakes here are meaningful. Uniswap holds approximately $3.06 billion in total value locked, making it the largest decentralized exchange by TVL according to DefiLlama. Fee structure changes at that scale carry direct consequences for concentrated liquidity providers managing positions across the protocol’s major pools.

Source: DefiLlama

The broader tension sits between UNI tokenholders who benefit from protocol revenue capture and LPs who supply the liquidity that generates those fees.

As Ethereum’s dominant DEX, and as ETH price dynamics continue to influence DeFi activity broadly, Uniswap’s ability to retain competitive liquidity depth while extracting protocol revenue is the central economic question that governance has effectively reopened with this activation.

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For active LPs, the practical question is whether the actual net yield on deployed capital shifts once protocol fees are live across a broader pool.

Adams’ position is that it will not. The math embedded in the protocol’s own documentation suggests the answer is more nuanced than a flat denial. Governance votes to extend v4 protocol fees to additional deployments are expected to continue, meaning this dispute is unlikely to resolve on founder messaging alone; it will resolve on LP performance data as it accumulates.

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The post Uniswap v4 Fee Maths Under Scrutiny as Adams Defends LP Impact Claims appeared first on Cryptonews.

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The Hidden Cost of Stress at Work

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The Hidden Cost of Stress at Work

These findings, while interesting, couldn’t tell us if being a physician itself caused worse birth outcomes. To help answer that part of the question, we used a “natural experiment” that was designed to improve the working environment for some physicians. Natural experiments are instances in which people are exposed, by chance, to one path or another that allows researchers to study cause and effect (in this case, studying the impact of improved working conditions on health, a question that would be difficult to study in a controlled, randomized study). 

In 2011, the Accreditation Council for Graduate Medical Education enacted a reform that limited the number of hours that first-year residents (physicians in training) could consecutively work to be less than 16 consecutive hours. The reform was intended to improve the working conditions for first-year residents. 

Since the work reform only affected physicians, we could compare the birth outcomes of physician mothers to those of lawyer mothers before and after the reform to understand how an improvement in working conditions affected physician mothers’ birth outcomes. (Lawyer mothers should be unaffected.) In addition, because the reform was targeted at first-year residents, we focused on physicians who were 26 to 30 years old at the time the reform was enacted. 

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Russia Issues Arrest Warrant for Telegram Founder Pavel Durov: Report

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According to several reports, Russia’s Federal Security Service has charged Telegram founder Pavel Durov with facilitating terrorist activity and issued an international warrant for his arrest.

The agency alleged that the messenger app failed to remove content used by Ukrainian intelligence services as well as terrorist and extremist organizations to coordinate sabotage, mass killings, cyber fraud, and other attacks against Russia.

Telegram is among the most used applications on both sides of the Russia-Ukraine war, with more than a billion users around the world.

Although the report stated that Moscow has repeatedly attempted to restrict the app and promote the state-backed MAX service, Russian government bodies, including the Kremlin and the defense ministry, continue to prefer Durov’s platform for official communication.

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Previous reports from earlier this year claimed that Durov was already under investigation in a terrorism-related case. A summons addressed to Suspect P.V. Durov was reportedly delivered to an apartment he had lived in over 20 years ago.

He responded at the time that he was targeted for defending constitutional protections for free speech and private correspondence. His whereabouts remain unknown, according to Reuters.

Today’s charges come approximately two years after Durov was arrested in France as part of an investigation into whether Telegram had failed to adequately prevent criminal activity and cooperate with law-enforcement requests.

The allegations at the time included complicity in organized fraud, money laundering, narcotics sales, the distribution of child sexual abuse material, and making hacking and cryptography tools available without the required declarations. Durov, who now holds French and Emirati citizenships, denied any wrongdoing.

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South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market

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KOSPI Monthly Performance

South Korea convened an emergency market meeting on the evening of July 29. This came as the KOSPI shed 864.5 trillion won in value across two trading sessions.

On Wednesday, the index closed at 5,663.24, down 5.98%, and triggered a market-wide circuit breaker for a second straight day. 

South Korea’s Financial Authorities Meet Amid KOSPI’s Slide

Finance Minister Koo Yun-cheol is hosting the session, which started at 6 pm local time, Bloomberg reported. Bank of Korea Governor Shin Hyun-song joined him. FSC Chairman Lee Eog-weon and Financial Supervisory Service Governor Lee Chan-jin also took part, according to media reports.

Lawmakers had questioned senior officials repeatedly in parliament on July 29. They traced part of the selloff to the single-stock leveraged products launched in May.

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Lawmakers argued the ETFs had magnified those price swings. They said speculative trading had concentrated in a small group of blue-chip stocks, which left Korean equities far more volatile than global peers.

Koo apologized at one hearing and conceded the products warranted closer study before launch. He still described them as one cause among several.

“We’ve already put in place a package of measures, but if it’s needed we’ll introduce additional steps to help normalise the market,” he said.

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SK Hynix Missed Estimates Despite a Record Quarter

The meeting followed a turbulent stretch for Korean equities. The KOSPI has dropped 32.54%, or 2,731.41 points, over the past month.

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KOSPI Monthly Performance
KOSPI Monthly Performance. Source: Google Finance

Over the two sessions alone, the index lost 1,092.51 points. Market value fell 600.33 trillion won on July 28 and 264.20 trillion won on July 29.

Korea Exchange halted trading in both markets on each day. It is the first time circuit breakers have hit both on consecutive sessions.

The July 29 decline came as SK Hynix missed analyst expectations despite record quarterly performance. Second-quarter revenue of 79.3 trillion won missed LSEG SmartEstimates of 84 trillion won. 

Operating profit of 60.54 trillion won also trailed the 64 trillion won forecast. The stock closed at 1,401,000 won, down 9.61%. Revenue still grew 257% year over year. 

Meanwhile, another index heavyweight, Samsung Electronics, finished at 208,500 won, down 5.23%. Over the past month, Samsung has lost 35.45%, and SK Hynix has fallen 46.69%.

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TradFi’s Crypto Link Surges Fivefold to $6.6B as Exchanges Add Stocks, Commodities

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Crypto Breaking News

Crypto exchange competition is spilling into tokenized versions of traditional financial assets, according to new research from CoinGecko. A report released Wednesday finds that the market capitalization of tokenized “real-world” assets listed on major crypto trading platforms has climbed sharply, reaching $6.6 billion in June 2026—up from $1.4 billion in January 2025.

CoinGecko’s analysis tracks tokenized exposure across exchanges including Binance, OKX, Bybit, Bitget, Gate and MEXC, spanning categories such as precious metals, US stocks, commodities, global indexes and forex. The data suggests that what began as a metals-led niche has expanded into US equities, with derivatives now playing an outsized role in how these assets are traded.

Key takeaways

  • CoinGecko reports tokenized traditional assets on major crypto exchanges grew to $6.6B in June 2026 from $1.4B in January 2025.
  • Precious metals drove early momentum, but by mid-2026 US stock perpetual futures became the dominant activity by both volume and open interest.
  • Trading is heavily skewed toward derivatives: perpetual futures account for the majority of activity, while spot markets remain smaller.
  • Derivatives appear to be easier for exchanges to scale because they can list leveraged products without necessarily issuing, custodying, or holding the underlying tokenized asset.
  • Centralized exchanges are expanding beyond crypto to retain users as both decentralized exchanges and traditional brokerages compete for share.

Tokenized “real-world” assets accelerate on major exchanges

CoinGecko frames the growth as a response to pressure across the broader exchange landscape. The study identifies that tokenized traditional assets—ranging from metals to equities—have expanded quickly in market cap terms over roughly 18 months.

Crucially, CoinGecko’s report doesn’t just point to total growth; it also maps how trading preferences are shifting. The market’s initial expansion, the report says, was fueled largely by tokenized precious metals. Over time, that focus broadened into tokenized US equities.

By mid-2026, CoinGecko reports that US stock perpetual futures overtook precious metals across both trading volume and open interest. The report attributes this turn to investor attention on semiconductor stocks and to expectations for upcoming initial public offerings (IPOs). While these drivers are specific to equity demand, the broader takeaway is that exchange-listed tokenization is beginning to follow the same “liquidity gravity” seen in crypto: where leverage and activity concentrate, participation follows.

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Derivatives dominate: perpetual futures outpace spot

One of the more actionable elements of CoinGecko’s analysis is its breakdown of trading structure. According to the report, perpetual futures account for “the vast majority” of trading activity, while spot markets are comparatively small.

The reason offered by CoinGecko is practical for exchanges: derivatives are typically the product of choice for traders who prefer leverage, and perpetual contracts can be listed without exchanges needing to issue, custody, or directly hold the underlying tokenized asset.

This helps explain why tokenization can grow even when the broader ecosystem hasn’t fully reached the stage where spot trading of tokenized real-world assets is the main event. In effect, leveraged trading venues can bootstrap demand and liquidity faster than spot markets, because the operational burden of holding and managing the underlying asset is reduced.

Why centralized exchanges are moving beyond crypto

The report positions tokenized traditional assets as an expansion strategy for centralized crypto exchanges. As competition intensifies, exchanges appear to be looking for incremental revenue streams and new user segments rather than relying solely on crypto spot and derivatives.

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CoinGecko points to two pressure fronts. First, decentralized exchanges have chipped away at market share. Second, traditional brokerages are broadening their digital asset offerings, increasingly overlapping with crypto trading ecosystems.

A notable example cited by CoinGecko is Robinhood, which Cointelegraph previously reported has significantly expanded its digital asset offerings (see Cointelegraph’s coverage). The broader implication is that users are not only choosing between venues; they are also increasingly choosing between platforms that blend legacy finance and blockchain-based trading experiences.

Institutional tokenization momentum reinforces the trend

CoinGecko’s exchange-focused findings sit within a wider narrative of institutional adoption. Earlier this year, Standard Chartered projected that tokenization could support the expansion of decentralized finance into a $2.7 trillion market by 2030 through real-world asset adoption (as covered by Cointelegraph in a related report). Separately, Bernstein analysts estimated the broader tokenization market could reach $4 trillion by the end of the decade, citing accelerating embrace of blockchain-based assets by financial institutions (see Cointelegraph’s earlier coverage).

These projections matter because they help contextualize why exchanges are investing effort in tokenized products now rather than later. When large institutions begin to treat tokenization as infrastructure—not just experimentation—liquidity, custody arrangements, and regulatory pathways can improve, making it easier for trading venues to scale.

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Cointelegraph also previously reported partnerships aimed at expanding access to tokenized securities. For instance, BitGo and OTC Markets Group have partnered to expand access for more than 150 broker-dealers (as described in Cointelegraph’s report). In another example, Tradable teamed with the Stellar network to bring up to $1 billion in private credit assets onchain (see Cointelegraph’s coverage).

Taken together, these developments underline a recurring theme: tokenization is increasingly built across the same rails—blockchain networks and token standards—while distribution is where competition shows up fastest. CoinGecko’s data suggests that on crypto exchanges, distribution is increasingly happening through derivatives, with perpetual futures providing the main on-ramp for traders.

Going forward, the key question for investors and traders is whether the current derivative-led structure will translate into deeper spot liquidity and broader usage of tokenized assets—or whether perpetuals will continue to concentrate most activity. CoinGecko’s findings point to an evolving demand map, with equities now playing a larger role than metals; the next watch item is whether that shift persists as tokenized IPO expectations and sector-specific attention change.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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FIFA Draws Fury Over Plan to Sell Stakes in World Cup

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FIFA Draws Fury Over Plan to Sell Stakes in World Cup

Soccer confederations, lawmakers criticize proposal

UEFA, which represents 55 FIFA member associations, was not the only soccer body to express concern about the proposal.

CONCACAF, the confederation that governs soccer in North America, Central America, and the Caribbean and that represents 35 of FIFA’s member associations, said it was “deeply concerned by the lack of due process,” including the fact that plans had been announced “before any discussion with the relevant governance bodies and stakeholders has taken place.”

The Football Association, England’s national football governing body, also said it was “deeply concerned about the lack of process and governance to get to this point, and the apparent substance and principles involved.” FA Chair Debbie Hewitt is one of FIFA’s eight vice-presidents.

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The Asian Football Confederation also expressed concern about the proposal and said it was not consulted on it. The body, which represents 46 FIFA member associations, said it “is disappointed that a matter of such significance entered the public domain” before it was discussed “through the appropriate and established governance channels.”

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Bitcoin bounces to $64,300 but the real move waits on the Fed: Crypto Markets Today

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Bitcoin bounces to $64,300 but the real move waits on the Fed: Crypto Markets Today

The crypto market was mixed before the Federal Reserve’s interest-rate decision later Wednesday. The CoinDesk 20 Index has added 0.41% since midnight UTC, with 10 members advancing and 10 declining.

Bitcoin , the largest cryptocurrency, added 0.75% to claw back some of Tuesday’s losses after a volatile 48 hours that saw it spike to $66,700 last week before crashing to $62,400 in the wake of the rout in South Korean stocks.

Inflation running at 4.1% makes the case for the Fed to raise the fed funds target rate for the first time in three years. Balanced against that, a pause in Iran-U.S. hostilities has taken some of the heat out of oil prices and slightly trimmed the odds of an increase.

Ether (ETH) is down 0.13% on the day. S&P 500 and Nasdaq 100 index futures are both positive, while gold holds above $4,000 and silver gained 1.40%, suggesting markets are hedging rather than committing ahead of the announcement.

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Derivatives positioning

  • Steady positioning ahead of Fed meeting: The crypto taker long-short volume ratio is almost in a perfect balance ahead of the Fed meeting. Open interest (OI) has held steady near $113 billion over the past 24 hours while volume increased by 10% to $205 billion. Taken together, the numbers point to steady positioning but slightly higher churn.
  • Spot gains yet to lift futures participation: Both BTC and ETH’s spot prices have risen more than 1% in 24 hours, but the moves have yet to translate into increased participation in futures. BTC’s OI remains steady near 750K BTC. ETH’s dropped for a fourth straight day to 14.14 million ETH.
  • UNI is an exception: Most of the top-20 tokens have seen OI hold steady or fall over 24 hours. UNI is an exception, with OI up slightly to 68.53 million tokens, the most since July 13. This validates the 5% upswing in the token’s price in the wake of BlackRock’s decision to bring its tokenized Treasury fund to the decentralized exchange.
  • Mixed signals from OI-adjusted CVD: The 24-hour OI-adjusted CVD paints a mixed picture. It’s positive for tokens such as ADA, TRX, XRP, CC, UNI and ETH, a sign of more and more traders going long at market orders rather than passive limit orders. Other coins display the opposite dynamic.
  • Implied volatility stays near recent lows: Bitcoin and ether’s 30-day implied volatility indexes remain near recent lows, a sign that traders do not expect any near-term jitters. It also contradicts the unease in the analyst community over the fact that traders still assign a 35% probability of the Fed raising rates on Wednesday. This is unusual as markets typically reach a consensus on what the Fed will do before the decision.
  • Puts dominate BTC options volume: In Deribit-listed options, BTC puts at strikes $62,000, $60,000 and $54,000 dominate the 24-hour volume rankings. A put option offers insurance against price drops in the underlying asset. In ETH’s case, calls are at the top of the list.

Token talk

  • XRP led altcoin gains on Wednesday, rising 1.72% to $1.086, with rising 1.48%. Both are continuing to recover from their July lows as the major cryptocurrencies consolidate.
  • Jupiter (JUP) was the standout 24-hour performer among DeFi coins, rising 5.79% as trading volume ticked up, extending a recovery that has now seen it rise in three of the past four days.
  • FET continued its retreat, falling 4.60% since midnight and 6.78% over 24 hours. The AI token is now down nearly 14% over the past week as the sector’s early-July momentum continues to unwind.
  • shed 5.14%, giving back the bulk of last week’s speculative gains as retail enthusiasm fades.
  • Monero (XMR) bucked the trend with a 1.82% gain to $347, quietly extending a run of outperformance from the privacy coin sector that has gone largely unnoticed amid the broader market turbulence.

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