WEEX is proudly building an open ecosystem where traders, developers, AI agents, and trading platforms all connect through a single, unified infrastructure — the WEEX OpenAPI.

With Binance-compatible integration for a seamless migration path, automated trading workflows built for speed and scale, and real revenue-sharing opportunities for technical partners, WEEX OpenAPI is designed to power the next wave of trading innovation — from algorithmic strategies to AI-driven trading agents.

TL;DR: 

• WEEX OpenAPI connects your WEEX account with trading bots, AI agents, quant tools, and custom platforms.
• 70% commissions rebate for brokers, top of the industry.
• Binance-compatible, helping developers migrate with lower learning costs.
• Five API modules cover market data, spot trading, futures trading, affiliate tools, broker integration, and copy trading.
• With AI integration and broader asset support, WEEX API is building an open trading ecosystem for the future.

What Is WEEX API? A Simple Guide to Smarter Trading

The way people trade today is changing. More traders are using bots, quantitative strategies, AI assistants, and custom tools to analyze markets and improve efficiency. But these tools need a way to communicate with exchanges.

That connection comes from API. 

API stands for Application Programming Interface. Simply put, it is a set of rules that allows different software systems to communicate and work together.

For trading, WEEX API acts as a bridge between your WEEX account and external applications, allowing authorized tools to access market data and perform trading actions.

With WEEX OpenAPI, users can:

• Connect trading bots and AI tools
• Build automated trading workflows
• Access market data through external applications
• Use personalized trading interfaces
• Create custom strategies and trading solutions

WEEX API is not just a technical tool. It is a connection layer that links traders, developers, AI agents, and the broader trading ecosystem.

Why Choose WEEX API? 3 Key Advantages for Developers and Users

Binance-Compatible: Easier Migration for Developers

Switching API providers often requires developers to rebuild systems and learn new structures.

WEEX OpenAPI is designed to reduce this challenge.

Key advantages:

• Data structures follow Binance API standards
• Parameter naming is highly consistent
• JSON response formats are familiar
• Documentation structure is easy for experienced developers to understand

For developers already familiar with Binance API, WEEX OpenAPI helps reduce migration costs and learning time.

Secure Access: Flexible Permission Management

Security is a core part of API trading.

WEEX API provides:

• API Key management
• Permission controls
• Trading access settings

Users can select different permission levels:

• Read-only access
• Spot trading access
• Futures trading access

This gives users more control over how external applications interact with their accounts.

High-Performance: Built for Trading Automation

Reliable performance is important for automated trading workflows.

Speed and stability are essential for automated trading. WEEX API uses a structured rate limit system to provide reliable performance across different trading scenarios. Non-trading requests support up to 500 requests per 10 seconds through the REQUEST_WEIGHT system, while trading requests are managed through the ORDERS system, supporting up to 30 orders per 10 seconds and 100 orders per minute.

Whether you are running personal strategies or developing professional trading tools, WEEX API helps you execute ideas more efficiently.

Five API Modules for Market Data, Automated Trading, and Ecosystem Growth

WEEX OpenAPI provides five core API modules covering market data access, automated trading, partner solutions, and ecosystem applications. Whether you are a trader, developer, or platform partner, WEEX API helps you build more efficient and flexible trading experiences.

Public API: Access Real-Time Market Data

WEEX Public API provides essential market information, helping users and developers easily connect with WEEX market data. It supports access to exchange information, trading pairs, and market updates, making it easier to build dashboards, analysis tools, and quantitative strategies.

Spot API: Enable Automated Spot Trading

WEEX Spot API allows users to connect external tools and applications with spot trading functions. Through API integration, users can place orders, manage trades, and track order history automatically, creating a smoother and more efficient spot trading workflow.

Futures API: Power Advanced Trading Strategies

Designed for professional traders and developers, WEEX Futures API provides the core functions needed for automated futures trading. Users can manage futures orders, track positions, and connect quantitative strategies or trading bots to execute more advanced trading workflows.

Affiliate and Broker API: Build Connected Trading Ecosystems

WEEX Affiliate and Broker API helps partners manage users, trading data, and platform connections more efficiently. Affiliate API supports user information, trading activity, asset data, and commission management, while Broker OAuth enables faster API Key authorization and smoother user onboarding for brokers, trading platforms, and service providers.

WEEX Copy Trading API: Create Better Copy Trading Experiences

WEEX Copy Trading API provides the foundation for building copy trading products and services. Partners can access lead trader information and trading pair data to create smoother copy trading experiences and help users discover new trading strategies.

Who Can Use WEEX API? Explore Different Trading Possibilities

WEEX API is designed for different types of users, from everyday traders to professional developers and ecosystem partners.

AI-Powered Trading with WEEX API: Make Trading More Intelligent

AI is changing the way users interact with technology and trading tools. Through WEEX API integrations, AI-powered solutions can help users complete trading actions in a simpler and more natural way. For example, after API authorization, users can give instructions like “Buy 1 BTC,” and an AI assistant can understand the request and execute the corresponding action.

WEEX is exploring AI-powered trading experiences through solutions such as WEEX Trader Skill, OpenClaw integrations, and AI Agent tools, making advanced trading capabilities more accessible and easier to use for everyone.

Custom Trading Tools with WEEX API: Trade Your Way

Every trader has different preferences.

Some users prefer:

• Custom dashboards
• Quant platforms
• Trading bots
• Personal strategy systems

WEEX API allows users to connect these tools with their WEEX accounts and continue trading through familiar interfaces.

WEEX API for Developers: Build Tools and Grow With the Ecosystem

WEEX API opens new opportunities for:

• AI Agent developers
• Trading bot developers
• Quantitative teams
• KOLs and KOCs

Developers can build:

• Trading bots
• AI trading assistants
• Quant strategies
• Portfolio management tools
• Trading platforms

But WEEX API is not only about building products. It also creates opportunities for developers to benefit from the ecosystem they help build.

WEEX API Revenue Sharing: Create Tools and Earn From Trading Activity

WEEX provides competitive API commission opportunities for ecosystem partners.

Key benefits include:

• Spot and futures API trading share the same commission structure
• API trading commission rates can reach 50%-60% based on applicable programs
• Eligible Taker orders can participate in commission sharing

Commission comparisons with other leading exchanges:

Success Case Study: WEEX API Empowering CryptoMind’s Exponential Growth

The remarkable partnership between WEEX and CryptoMind serves as a compelling testament to the high performance and robust capabilities of the WEEX API. 

CryptoMind, an AI-powered crypto trading tools platform, integrated with WEEX API through OAuth to enable instant, zero-manual-setup trading access for users. The integration delivered a 1,912.40% increase in API Futures Trading Volume and a 1,300% growth in Active API Traders, demonstrating WEEX API’s ability to power scalable solutions across trading signals, copy trading, bots, and quant platforms.

WEEX API Expands Beyond Crypto: More TradFi Assets Supported

WEEX API continues expanding asset accessibility.

Supported TradFi-related symbols include:

• SPCX
• SNDK
• MU
• NVDA
• TSLA

By supporting popular TradFi assets, WEEX API helps users move beyond crypto-only trading and explore more diversified investment strategies. This expansion enables multi-asset trading, automated strategies, and broader market access through a single API connection, bringing more possibilities to the future of digital asset trading.

How to Use WEEX API: Start in Three Simple Steps

Getting started with WEEX API is simple.

Step 1: Apply for WEEX API Access

Visit the WEEX API Management Center.

Choose your required permissions:

• Read-only
• Spot trading
• Futures trading

Step 2: Submit Your WEEX API Application

After submission:

• Your request enters the review process
• Approval usually takes only a few minutes

Step 3: Create Your WEEX API Key

Once approved, create your API Key and connect:

• Trading bots
• AI tools
• Quant systems
• Custom applications

WEEX API: Building the Future of Open Trading

WEEX API is more than a connection interface. It is an open gateway connecting:

• Traders looking for smarter experiences
• Developers creating innovative tools
• AI agents transforming trading interactions
• Partners building new financial products

As digital asset trading continues to evolve, APIs will become a key foundation for the next generation of trading experiences.

With WEEX API, smarter trading starts here.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era delivering real time AI news, empowering users with AI trading tools, and exploring innovative trade to earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

Instagram: @WEEX Exchange

Tiktok: @weex_global

Youtube: @WEEX_Official 

Discord: WEEX Community

Telegram: WeexGlobal Group

The post WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities appeared first on BeInCrypto.

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Formula 1 has quietly turned into the most crypto-friendly grid in global sport. Total sponsorship spend across the 2026 season is projected to clear $3 billion, and a growing share of that money is coming from exchanges and Web3-native brands chasing the same thing F1 itself sells, speed, precision, and split-second decision-making under pressure. No other global league has anywhere near the density of crypto branding currently parked on the side of a race car and few partnerships capture why that trend makes better sense than the one between Zoomex and the TGR Haas F1 Team.

Source: Sports & Entertainment Trends

The Season So Far: A Storyline Worth Backing

It helps that the team Zoomex chose to back is actually giving fans something to watch right now. Through the first half of the 2026 season, Haas sits seventh in the Constructors’ Championship with 21 points, solidly the leader of F1’s midfield pack, ahead of Williams and well clear of Audi and Aston Martin. Almost all of that points haul has come from one driver, Ollie Bearman, who’s outscored teammate Esteban Ocon 18 points to 3, and is currently winning the head-to-head battle across qualifying, races, and sprints by a wide margin.

The last few rounds have shown both sides of that story. At Monaco, Ocon clawed his way to ninth place in a chaotic, red-flagged Grand Prix that saw four other cars retire with reliability issues, a rare points finish for the Frenchman in a season where he’s mostly been fighting Bearman rather than the field. Then, at the Austrian Grand Prix on June 28, the form flipped: Bearman crossed the line 14th and Ocon 16th, both a lap down on race winner George Russell, in a Mercedes-dominated weekend that also saw Max Verstappen produce one of his strongest drives of the year following a Red Bull upgrade. It’s the kind of midfield grind, a points finish one week, an anonymous Sunday the next, that defines a long F1 season far more than any single highlight reel moment.

That grind is exactly the backdrop against which the Zoomex partnership makes sense. Ocon is racing this season under real pressure, with his Haas seat for 2027 reportedly tied to outperforming Bearman, Bearman, meanwhile, is doing to his more experienced teammate this year roughly what he did to the rest of the F2 grid before he ever got the call to Formula 1, quietly accumulating results until people stop calling him a rookie. A brand that’s been with him since before any of that started gets to tell a much better story than one that signed on after the points were already on the board.

Zoomex and Haas: A Partnership Built on More Than a Logo

Zoomex signed on as Haas’s crypto partner in March 2025, and ahead of the 2026 FIA Formula 1 World Championship, the two sides renewed the deal for a second season, with Zoomex returning as the team’s Official Crypto Exchange Partner. The branding isn’t a small sticker on the rear wing, ZOOMEX runs across the barge-boards and nose of the VF-26, the team’s 2026 challenger, as well as the race suits worn by Esteban Ocon and Ollie Bearman every Grand Prix weekend. The renewal was announced alongside the VF-26’s launch in Q2 2026, timing the partnership’s relaunch to the exact moment fans were paying the most attention to the new car.

What sets the partnership apart from a standard logo placement is the story behind it. Zoomex has backed Bearman since 2023, well before his move from Formula 2 into a full-time F1 seat, and well before anyone outside the paddock knew his name. A platform that builds its users from their very first trade, attached to a team that’s been developing a driver since his junior career: it’s the same patience-and-development philosophy applied to two different arenas, and it gives the sponsorship a continuity that’s hard to manufacture after the fact. It’s also a continuity that’s now paying off on the timing front, the same driver Zoomex backed as an unproven F2 graduate is, two years later, the highest-scoring driver on the team carrying its logo.

That continuity has been visible throughout the 2026 season. Zoomex framed the year as its “Road to the Championship” initiative, timing the campaign launch to coincide with Haas unveiling the VF-26, and pairing the team activation with the continuation of its global brand ambassador deal with World Cup-winning goalkeeper Emiliano Martínez. 

The framing connects two very different fields, motorsport and football, around the same idea, outcomes get decided by stability and execution under pressure, not just raw speed. For the community, the initiative has translated into VIP race-day access, exclusive content tied to Grand Prix weekends, and trading rewards timed to coincide with the calendar’s biggest moments, turning the abstract idea of a “season-long campaign” into something fans can actually participate in race by race, not just watch from the sidelines.

In April, Zoomex took that idea directly to its community with a live AMA titled “Speed You Can Trust,” hosted by the platform’s own Marketing Director, Fernando Lillo, and featuring Bearman alongside crypto analyst CryptoRover and the WallStreetBets community. 

Fans who tuned in, followed the official channels, and engaged in the live Q&A were eligible for a $1,000 USDT reward pool, split between an early-access reward for following and reposting the announcement and a live-interaction pool for fans active during the session itself, a fan-engagement format that turns a sponsorship into an actual two-way conversation rather than a one-way billboard.

Why “Speed You Can Trust” Is More Than a Tagline

That title isn’t just a clever name for one livestream, it’s the operating thesis of the whole partnership, and it’s backed by substance rather than slogans. While several rival exchanges have learned the hard way what happens when growth outpaces security, most notably the $1.4 billion hack that ended one competitor’s own F1 run in 2025, Zoomex has built its activation on the opposite foundation. 

The platform has passed security audits from blockchain auditor Hacken, and holds regulatory registrations spanning Canada and U.S. MSB status, U.S. NFA membership, and Australia’s AUSTRAC. On the trading side, Zoomex operates with 600+ trading pairs, leverage up to 150x for traders who want it, and optional No-KYC access for those who’d rather get straight to trading, serving a user base of more than 3 million people across 35+ regions, scale that’s grown alongside, not despite, its compliance footprint.

That combination, global reach with a regulatory paper trail is precisely what makes the Haas alignment feel less like sponsorship-as-marketing and more like sponsorship-as-mirror. Haas has spent recent seasons quietly building one of the most-improved cars in the midfield through consistency rather than splashy spending; Zoomex has spent the same stretch building its user base through reliability rather than hype. Two organizations betting that doing the unglamorous things right, race after race, eventually shows up in the results.

What’s Next on the Road to the Championship

With sixteen rounds still left on the 2026 calendar, Ocon racing for his Haas future and Bearman racing to confirm he’s outgrown the “promising rookie” tag, the on-track half of this story has plenty of drama left to deliver. The off-track half should keep pace with it, expect more fan-facing activations in the Zoomex mold, AMAs, trading rewards tied to race weekends, and continued VIP access for the community, as the exchange keeps using the team’s progress through the rest of the season as the backdrop for its own “Road to the Championship” narrative.

Follow the journey race by race on zoomex.com, the official Zoomex × TGR Haas F1 Team hub, and @ZoomexOfficial on X. For more on the platform itself, security audits, licensing, and product updates, the Zoomex blog has the full picture.

The post Formula 1 & Crypto: How Motorsport Became Web3’s Favorite Playground appeared first on BeInCrypto.

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Bitcoin’s price rose to a multi-week high of its own yesterday when it briefly exceeded $65,500 on the heels of the lower-than-expected US CPI data. However, it was stopped there and now sits a grand and a half lower.

ETH rode the wave even harder, jumping to roughly $1,950 for the first time since early June before it was halted and pushed south to under $1,900.

BTC Back to $64K

The primary cryptocurrency had a relatively quiet and positive weekend in which it stood mostly at around $64,000. This came after a volatile business week in which it plunged a couple of times from that high to under $62,000 after Strategy announced its latest BTC sale and the tension in the Middle East escalated once again with new attacks.

On Monday, though, bitcoin slipped once again as the markets priced in the new strikes between the US and Iran initiated during the weekend. The cryptocurrency dipped below $62,000 by Tuesday morning but then rocketed by several grand in a day or so after the US CPI data for June was a lot lower than expected.

Bitcoin first reclaimed the $64,000 level before it did the same to $65,000 and peaked at $65,600. After tapping this three-week high, though, it retreated by $1,500 and now sits at around $64,000 again.

Its market cap is down to $1.285 trillion on CG, while its dominance over the alts remains at the same level at 56.7%.

ETH Pulls Back

Ethereum stole the show from the larger-cap alts today, jumping to almost $1,950 for the first time in six weeks. However, it was stopped there and now sits below $1,900. BNB is close to $580 after a minor increase, while XRP is fighting for $1.10 after a minor daily decline.

SOL, TRX, HYPE, RAIN, ZEC, CC, LTC, and ADA are all in the red today, while BCH and DEXE have dumped the most from the larger caps. ONDO, in contrast, has rocketed by 17% to $0.37.

The total crypto market cap has declined by $40 billion in a day from its peak and is down to $2.270 trillion on CG.

The post Bitcoin Slips Down to $64K, Ethereum Pulls Back From Six-Week Peak: Market Watch appeared first on CryptoPotato.

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China’s top AI hedge funds have started booking profits, and the AI bubble question is back. Shanghai Everlead Capital, up 164% this year, leads the funds now trimming their biggest winners.

They are not calling a crash. However, BeInCrypto’s exclusive layer data shows money rotating out of the hottest AI trades. The debate now hangs on 2027 spending.

China’s Winning AI Funds Start Booking Profits

Everlead trimmed its optical and chip-packaging stocks, both part of the compute layer that runs AI data centers.

It sold because those names had gone vertical. Zhongji Innolight’s trillion-yuan market cap and Yangtze Optical Fibre’s twelvefold rally show how far the AI optical trade ran. Gains that size invite profit booking.

A second fund moved the same way. Hunjin Capital trimmed its most crowded AI holdings, including memory-chip names it expects to lose pricing power, and rotated into cheaper traditional stocks. By its own measure, the AI hardware cycle is now 60% complete, double its February reading.

That is two funds. The real question is whether the whole market is turning with them.

Layer Data Confirms a Market-Wide Rotation

It certainly is. Money is rotating between the layers of the AI trade, and the leaders have flipped.

Compute stocks, the chip and hardware names, gained about 62% over the window but fell roughly 13% last month. Power and infrastructure rose about 11%, then stalled. Both former leaders are fading.

Apps and software are the opposite. They lagged all year, down about 9%, then gained roughly 5% last month as fresh money moved in.

Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.

This looks like a late-cycle rotation, not a collapse. One layer sits at the center of the fade, and that layer is power.

Power Stocks Now Trade as AI Stocks

Power stocks once traded on their own story of rates and regulation. AI’s bottleneck has moved from chips to electricity, with data-center power demand set to roughly double by 2030. So power now moves with the AI trade.

A proprietary gauge tracks the 30-day correlation between the power and compute baskets. It sits at 0.74, up from near neutral earlier in the cycle. The AI energy trade is on.

The link cuts both ways. When compute fades, power fades with it. That is why every fund watches the same thing, how much big tech keeps spending on AI.

The 2027 Capex Number That Decides the AI Bubble

That spending has a name, AI capex, the money big tech pours into chips, data centers and power. It is what keeps the compute and power layers earning.

So the whole story turns on one question. If that capex keeps flowing, the funds simply took profits early. If it dries up, they sold before a burst.

The big cloud firms will commit more than $600 billion to the buildout in 2026, up about 36%, and forecasts push it past $1 trillion in 2027. For now the money keeps flowing, so this still looks like profit-taking.

The threat is a 2027 plateau, and a price war could force one. Chinese models now match top US systems at a fraction of the cost, some about 55 times cheaper.

Cheap models erode the return on all that spending. Here is how it connects. If that return breaks, big tech cuts capex, the compute and power layers fade for good, and the funds’ early profit-taking becomes the first sign of a bubble burst.

The bulls still see real profits, not a 2000-style bubble. The bears see the price war breaking those returns first. So 2027 capex is the deciding number. If it holds, this was profit-taking. If it breaks, the AI bubble was real.

The post AI Bubble Burst or Profit-Taking? The China Fund Up 164% Just Started Selling appeared first on BeInCrypto.

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Bitcoin’s price action so far this year has put the four-year cycle narrative back in focus as its timing and overall structure increasingly resemble the major reset years of 2014, 2018, and 2022, even though the current market has not followed those cycles exactly.

BTC has fallen almost 50% from its all-time high of $126,000 established on October 6, 2025, with the cryptocurrency hitting a new cycle low of $57,700 on July 1 during the quarter-end period. The drawdown lasted more than 268 days before BTC staged a mild recovery this week.

$38K in Play

Looking at previous cycles, the last two major drawdowns extended for 363 and 376 days before bottoming, with peak-to-trough declines of 84.3% and 77.6%, respectively.

Based on that historical framework, NYDIG said a repeat of the duration seen in those cycles, combined with a shallower 70% decline in line with the trend of progressively less severe cycle bottoms, would point to a potential low in the $38,000-$39,000 range around early October.

The firm also added that this is a scenario and not a base-case forecast, but said the comparison highlights why the four-year cycle framework is becoming increasingly relevant as Bitcoin’s current drawdown continues to deepen and lengthen.

Analyst Doctor Profit previously predicted that Bitcoin would likely find its final low between $40,000 and $48,000 around September or October 2026.

Even as analysts continue debating where that bottom will ultimately form, the world’s largest crypto asset gained around 3% this week. It is currently trading a little below the $65,000 mark. The rebound, however, has done little to change some analysts’ broader outlook. Alphractal founder Joao Wedson said the surge in optimism across social media following Bitcoin’s recovery indicates the market has yet to reach its ultimate bottom.

Attractive Buy Zone

Not everyone believes investors should focus on finding the exact bottom, though. Crypto analyst Ali Martinez urged investors not to “obsess” over the exact timing. Looking at BTC’s performance over the past decade, the analyst noted that periods when the asset traded near its 200-week moving average have consistently turned into strong long-term buying opportunities, even though very few investors managed to buy at the absolute low.

He added that as Bitcoin matures and its returns gradually diminish, investors now need more capital to achieve the same gains from simply holding the asset. Despite this, Martinez said he believes the current price remains an attractive area for long-term accumulation.

The post Don’t Obsess Over Bitcoin’s Bottom as $38K Low Comes Into Focus: Analyst appeared first on CryptoPotato.

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The US Senate has adopted a resolution opposing executive clemency for former FTX CEO Sam Bankman-Fried, the convicted crypto executive behind one of the industry’s largest collapses.

The Senate has agreed by unanimous consent to the simple resolution (S. Res. 772), with a nonbinding measure stating that Bankman-Fried should not receive executive clemency, according to a Wednesday X post by the Senate Press Gallery.

The resolution affirms the Senate’s commitment to the rule of law and the integrity of the US financial system following Bankman-Fried’s conviction on fraud and conspiracy charges related to FTX’s collapse.

The measure cannot block a presidential pardon but reflects bipartisan Senate opposition after Bankman-Fried sought executive clemency from President Donald Trump.

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Senate weighs in, but cannot block a pardon

Introduced on June 17 by Senator Ruben Gallego, with Senator Cynthia Lummis as a cosponsor, S. Res. 772 opposes any form of federal clemency for Bankman-Fried, including a presidential pardon or sentence commutation.

Unlike legislation, a simple Senate resolution does not require approval from the House or the president and does not have the force of law, according to the Senate’s “Types of Legislation” guide.

Source: Senate Press Gallery

Congress.gov had not yet reflected the latest floor action at the time of publication.

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Related: FTX exec’s wife scheduled for November trial on campaign finance charges

Senator Bernie Moreno of Ohio joined as a cosponsor on Tuesday, adding Republican support to the bipartisan measure.

Prediction markets see little chance of a pardon

Bankman-Fried was sentenced to 25 years in federal prison in March 2024 after being convicted of fraud and conspiracy charges linked to FTX’s collapse in 2022.

Speculation about a possible presidential pardon grew after Bankman-Fried applied for clemency from Trump in June 2026, with the request listed as pending in Department of Justice records.

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Source: Polymarket

On Polymarket, traders currently assign less than a 1% chance that Trump will pardon Bankman-Fried by July 31. The market has attracted more than $734,000 in trading volume, indicating notable interest despite the low odds.

Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?

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Ondo (ONDO) climbed to a one-month high after a sharp rally driven by the debut of the first tokenized stocks backed by DTC Tokenized Entitlements.

The altcoin surged as much as 17% over the past 24 hours to an intraday high of $0.37. This marked its strongest level since June 18.

The rally also propelled ONDO to the top of CoinGecko’s list of the day’s biggest cryptocurrency gainers. The surge stood out against a flat market, with Bitcoin (BTC) little changed over the same period.

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Ondo Debuts First DTC-Backed Tokenized Stocks

Ondo’s tokenized stocks are backed by DTC Tokenized Entitlements to securities held at The Depository Trust Company (DTC). The design ties on-chain tokens directly to shares inside Wall Street’s core custody system.

The company called it a first for tokenized equities. The tokens represent Circle (CRCL) stock and the SPDR S&P 500 ETF (SPY) on-chain. Ondo issues them as CRCLon and SPYon, each fully backed by the underlying security.

“Under this model, DTC tokenized entitlements to DTC-held securities are generated through the DTCC Tokenization Service, and the DTC Tokenized Entitlements associated with CRCL and SPY serve as digital twins of the securities underlying existing CRCLon and SPYon tokens (Ondo’s tokenized versions of the stocks),” the team explained.

Ondo is connected to the DTC participant network through Alpaca Markets. The underlying shares stay within DTC custody throughout the process, according to the firm.

“Ondo joins more than a dozen leading TradFi and DeFi firms — including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and NYSE — participating in DTCC’s largest tokenization initiative to date, representing an important step toward the broader adoption of tokenized securities,” the blog read.

DTCC’s Tokenization Push Gains Traction

The launch comes as the Depository Trust & Clearing Corporation (DTCC) completed the tokenization of assets held at The Depository Trust Company.  More than 30 firms participated in the initiative. 

The transactions covered collateral pledges, securities lending, and equity settlements. DTCC ran them across its private HyperLedger Besu network and the public Canton network.

The platform plans to launch its full tokenization service in October 2026. That milestone arrived seven months after the SEC granted DTC a No-Action Letter to tokenize custodied assets.

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The post Ondo Hits 1-Month High: Here Is What’s Driving The 17% Surge appeared first on BeInCrypto.

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South Korea jolted financial markets with an unexpected interest rate hike, sending local stocks sharply lower and even briefly halting trading. Crypto, however, reacted differently. We shifted our focus to tomorrow’s Clarity Act hearing in Congress, while Bitcoin price hovers near recent highs and Ethereum continues to hold above a key support zone.

The House Financial Services Committee will meet on July 17 for a hearing titled “Building the Future of Finance: How the Clarity Act Unlocks Innovation.” With Congress set to begin its summer recess soon after, many in the industry see the discussion as one of the last meaningful chances to move crypto legislation before lawmakers leave Washington.

These all explain the current market’s mood. Macro headlines still drive expectations, but they are no longer the only force steering digital assets. This week, the conversation has narrowed around one question. If the Clarity Act can bring enough regulatory certainty to keep institutional money flowing into the sector.

Discover: The Best Token Presales

Bitcoin Price Holds Firm as Clarity Act Gets Closer

Bitcoin (BTC)

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Bitcoin price spent Thursday hovering between $64,500 and $65,000, extending a recovery that has carried it to its highest level in about three weeks. After several months of choppy trading, the market finally looks willing to defend higher ground instead of selling at every rally.

Institutional demand remains part of that story, with BlackRock adding another $139 million worth of Bitcoin to its holdings, while the iShares Bitcoin Trust now custodies more than 733,000 BTC. Larry Fink also struck an optimistic tone this week, saying the current price of Bitcoin appears more stable than before and expressing confidence in financial markets over the next year.

Although traders remain cautious, analysts note Bitcoin is approaching the short-term holder realized price, an area that has historically produced resistance as newer investors exit at break-even. At the same time, those levels have often marked the beginning of longer accumulation phases rather than the end of a recovery.

Another signal arrived from a wallet that had been inactive for eight years. About as much as 5,908 BTC, valued near $383 million, moved to a fresh address without touching an exchange. The transfer did little to disturb sentiment, showing that the market viewed it as a reshuffle instead of a liquidation. For now, Bitcoin price remains steady, with tomorrow’s Clarity Act hearing likely to set the next tone.

Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit

Ethereum Price Builds on Improving Momentum

Ethereum (ETH)

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Ethereum is trading around the $1,900 price mark after reclaiming an important resistance level and triggering more than $30 million in short liquidations. The move was not explosive, but it continued a steady improvement that has quietly placed Ethereum among the stronger large-cap performers this week. And yes, the Ethereum price has been outperforming Bitcoin with a more than 17% jump in the ETH/BTC ratio.

Investor appetite is also beginning to recover. Spot Ethereum ETFs recorded $84 million in net inflows during the week ending July 11, breaking an eight-week streak of withdrawals. That turnaround has helped stabilize sentiment, while BlackRock’s ETHA has contributed to several of the strongest daily inflows. As a result, the price of Ethereum is once again finding support from institutional investors.

Away from the ETF market, development across the network continues. Robinhood Chain, an Arbitrum-based Layer 2, is attracting activity through tokenized assets, AI applications, and NFT projects, all of which rely on ETH for transaction fees. Growing usage may not move markets overnight, but it steadily strengthens the network beneath the surface.

The next catalyst now sits in Washington. A constructive outcome from the Clarity Act hearing could reinforce confidence, just as ETF flows improve and the Bitcoin price remains resilient. If that happens, we can, once again, believe that the Ethereum price has a realistic chance of reclaiming $2,000 in the weeks ahead.

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The post Crypto News, July 16: All Eyes on Tomorrow’s Clarity Act Hearing as Bitcoin and Ethereum Hold Key Price Levels appeared first on Cryptonews.

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