Crypto World
Solana (SOL) Reclaims $72 as On-Chain Metrics Signal Slowing Momentum
Solana’s native token SOL rebounded sharply this week, climbing to around $72 on Friday after falling to about $64 the day before. Traders pointed to renewed optimism around tokenized assets on the network—particularly tokenized stock products—while market data also highlighted a more fragile foundation for sustained momentum: Solana’s onchain liquidity and DEX activity have been cooling.
The result is a mixed near-term picture for investors. Futures positioning has turned more bullish, but DeFi metrics—especially Total Value Locked (TVL) and decentralized exchange volumes—show that demand for SOL-linked onchain activity remains uneven.
Key takeaways
- SOL’s move back to ~$72 comes as tokenized stocks on Solana posted more than $113 million in 24-hour volume, per Jupiter Aggregator data.
- Still, Solana TVL fell 11% over the past month, including declines across major protocols such as Kamino, Raydium, and Binance Staked SOL.
- DEX volumes on Solana have dropped to about $10 billion per week from roughly $30 billion in early February, alongside weaker decentralized application revenues.
- Solana’s DApp economy appears concentrated: Cointelegraph cited that Pump.fun accounts for about 30% of Solana DApp revenue, tying activity to memecoin dynamics.
- While SOL futures funding rose to around 10% (highest in June), the level remains within a range often described as closer to neutral than “overheated.”
Tokenized stocks lift activity, but liquidity remains a question
One of the clearest drivers behind SOL’s optimism is activity tied to tokenized equities trading on Solana. According to Jupiter Aggregator, tokenized stock instruments traded for more than $113 million over 24 hours. For traders watching for catalysts to sustain an “altcoin season” narrative on Solana, these volumes offer a tangible signal that new demand is showing up where it matters: in spot liquidity and swap flow on Solana’s venues.
However, the story isn’t uniformly bullish. The same data segment raised concerns about liquidity depth inside automated market-maker pools, especially as multiple issuers compete for similar exposure. Thin liquidity can make price discovery more volatile and can reduce the stickiness of trading demand if users find spreads widen or exits become harder during fast moves.
There’s also a timing wrinkle: many tokenized instruments launched recently, which can correspond with low holder counts. That doesn’t automatically invalidate the trend, but it does mean investors should watch whether participation broadens beyond the initial launch cycle.
TVL and DEX volumes point to softer baseline demand
Outside of the tokenized equities narrative, broader Solana DeFi conditions have weakened. DefiLlama data referenced in the report shows Solana’s TVL declined 11% over the past month. At the same time, Ethereum’s layer-2 network Base has reduced the gap between the two ecosystems, putting more competitive pressure on Solana’s standing as a high-throughput DeFi hub.
Looking at protocol-level declines, the report cited a 19% TVL drop in Kamino, a 20% trim by Binance Staked SOL, and a 17% decline by Raydium. Not every protocol moved in the same direction: xStocks reportedly grew TVL by 31%, aligning with the upbeat headlines around tokenized products.
Still, the DEX picture is the part that may temper expectations. Solana decentralized exchange volumes fell to around $10 billion per week from $30 billion in early February, and the downtrend coincided with declining DApp revenues. In practical terms, tokenization can create bursts of activity, but if overall exchange throughput remains muted, SOL demand tied to transaction processing may struggle to sustain a strong rally on its own.
Pump.fun concentration and leverage positioning add volatility
The next issue for readers is concentration risk in Solana’s DApp revenue. Cointelegraph cited that Pump.fun accounts for roughly 30% of Solana DApp revenue. That matters because Pump.fun’s output is closely tied to memecoin cycles, which can be intense but also short-lived.
CoinGecko’s research, referenced in the report, indicated that 80% of tokens launched on Pump.fun within less than 48 hours, based on a sample of 18.7 million tokens. Dune data cited alongside it suggested that 55% of involved addresses lost up to $1,000. The combination of rapid launches and high loss rates is not necessarily a direct bearish signal for SOL—but it does underline that a large share of onchain revenue may be driven by speculative dynamics rather than steady, utility-driven retention.
Meanwhile, derivatives markets have shifted more optimistic. The report referenced a funding-rate gauge from Laevitas, noting that bullish leverage demand increased on Friday and that the funding rate reached its highest level in June. The current funding rate of about 10% was described as not “excessive,” since a 6% to 12% band is often treated as neutral. Still, the report highlighted that SOL’s recovery—up roughly 14% from the $64 low—helped reverse earlier bearishness reflected in negative funding rates.
For traders, this implies a more supportive short-term backdrop: funding turning positive can reflect demand to stay long. But when tokenization narratives are active while baseline DeFi usage cools, leverage can also amplify drawdowns if liquidity thins again or if tokenized trading interest fades.
Airdrop hopes and new tokenized infrastructure may matter—competition is real
Some of SOL’s momentum is linked to expectations around potential network airdrops, though the timing and specific launch schedule remain uncertain. The report pointed to various projects and metrics that traders may associate with an “ecosystem runway,” including OnRe reinsurance (with $200 million in TVL), Bulk perpetual DEX (aggregate open interest of $325 million), and Loopscale lending platform (TVL of $79 million).
Even so, the report urged caution about assuming SOL must reclaim the $80 level seen on June 1. The reason is competition—not just from within Solana’s own tokenization ecosystem, but also from other venues and centralized platforms. The report specifically noted increased competition in tokenized stock trading from Hyperliquid and from centralized exchanges on competing chains.
One example cited was a strategic partnership between OKX and the NYSE parent company, reportedly using Ethereum-based systems. For investors, this is a reminder that the “tokenized equities” narrative isn’t exclusive to Solana. If liquidity and user attention fragment across networks and regulated rails, SOL’s tokenization volumes could remain high at times while still failing to translate into durable onchain strength.
What to watch next is whether Solana can convert tokenized-equities volume into broader, repeatable onchain activity—measured through sustained TVL and DEX throughput—while futures funding stays positive without turning extreme. If SOL’s rally holds alongside improving liquidity depth in tokenized pools, the current optimism may solidify; if DEX volumes and revenues keep slipping, the market may treat tokenized stock flows as temporary.
BMX, the platform’s token, fell to about 8 cents, down 58% over 24 hours, cutting its market value to roughly $27 million. The token was already down about 70% over the past year, so Sunday’s drop extended a long decline rather than starting one.
The exchange’s trading figures are significant, despite the closure. BitMart reported about $1.6 billion in 24-hour volume, up 51% from the previous period, with bitcoin accounting for nearly half of it. That jump more plausibly reflects users unwinding positions and moving funds out than any fresh demand, but it leaves open why a platform still clearing that kind of flow is closing.
Meanwhile, the withdrawal terms carry more friction than a routine exit. BitMart said requests may face additional review covering identity verification, device and IP checks, withdrawal-address screening, source-of-funds questions and sanctions checks, and warned that processing could stretch if request volumes spike.
BitMart lost about $196 million to a hot-wallet breach in December 2021, one of the larger exchange hacks of that cycle, and covered customer losses at the time.
In another relatively boring and uneventful trading day during the weekend, in which most cryptocurrencies have remained sideways, the second-largest meme coin by market cap exploded in a rare reminder of what the niche used to do a few years ago.
Some of the potential reasons behind this massive surge seem to be related to a returning whale and other on-chain factors.
SHIB’s Big Pump
The popular meme coin, once touted as the Dogecoin killer, actually began its ascent yesterday evening. It stood below $0.0000042 before it shot up to $0.0000052 and to $0.0000058 earlier today, posting a massive double-digit surge. The latter became its highest price tag in just over two months.
Recall that the token was rejected at $0.0000067 in May, and the subsequent painful correction drove it south toward $0.000004, which translated into a multi-year low. As such, SHIB has now returned to the top 30 alts by market cap as its own has jumped to over $3.3 billion on CoinGecko.
Moreover, it has solidified its spot as the second-largest meme coin by that metric, even though a few others have posted impressive gains as well. PEPE is up by 9%, M has added 4%, while DOGE has jumped by 5.5%.
Why Is That?
Surging by double digits on a random Sunday used to be the norm in the meme coin space years ago. However, the niche has fallen out of investors’ grace lately, with interest dwindling over time. As such, it’s intriguing to see what the latest developments in the Shiba Inu ecosystem are that might have propelled this rally.
The one thing that stands out on X is the behavior of a certain SHIB whale who has resumed accumulating after over half a year of inactivity. According to reports, the unknown market participant has splashed $125,000 to accumulate over 30 billion tokens. Although one standalone purchase cannot guarantee a 35% jump, it can be regarded as the market signal other investors are waiting for to join.
The SHIB token burn mechanism also shows a massive surge in the past day of over 3,200% (and 500% weekly). This means that the actual number of coins in circulation has declined violently, which is typically a bullish signal.
SHIB coins stored on crypto exchanges have also fallen in the past few weeks, according to data from CryptoQuant. Lastly, some analysts argued that the asset has broken out of key resistance levels and trendlines, while the community rejoices in the move, indicating that it’s finally paying off after “years of accumulation.”
The post Shiba Inu Price Soars 35% on a Dull Day as Whale Returns With Massive SHIB Purchase appeared first on CryptoPotato.
Robinhood is reportedly holding talks with Crypto.com about adding the exchange’s event contracts to its prediction markets hub.
Summary
- Robinhood reportedly wants Crypto.com contracts to broaden its prediction market exchange network and product range.
- Any agreement could deepen Robinhood’s competition with Kalshi while reducing reliance on a single provider.
- Federal and state regulators remain divided over who controls sports-linked event contracts across the U.S.
The proposed arrangement would let Robinhood users trade yes-or-no contracts supplied by Crypto.com, according to people familiar with the discussions cited by The Wall Street Journal. Neither company has announced an agreement, and the report said the talks may not result in a completed deal.
https://x.com/WSJmarkets/status/2080785057954902434?s=20
The discussions come as Robinhood builds a wider network of exchanges rather than relying on one source of event contracts. A company spokesperson said Robinhood “will continue to partner with multiple exchanges” to give customers a broad and reliable market. The strategy could add Crypto.com alongside Kalshi, ForecastEx and Rothera, the exchange created through Robinhood’s venture with Susquehanna International Group.
Robinhood seeks more prediction market suppliers
Robinhood launched its prediction markets hub in March 2025 with contracts routed through Kalshi, a Commodity Futures Trading Commission-regulated exchange. Its products cover outcomes tied to sports, politics, economics and other public events. Robinhood later added ForecastEx and began routing contracts through Rothera in June 2026.
Rothera gives Robinhood a closer link to the exchange layer because Robinhood owns the venture with Susquehanna. The company said in June that the new route lowered customer trading costs. Adding Crypto.com would create another source of contracts and could help Robinhood maintain product availability when one exchange lacks a market or faces a service issue.
Crypto.com expands event contract distribution
Crypto.com already offers prediction trading through Crypto.com Derivatives North America, a CFTC-regulated exchange and clearinghouse. Its contracts use a simple yes-or-no format based on future events. The company also launched OG Prediction Markets as a separate platform in February 2026 and has expanded distribution through partners.
In June, FanDuel Predicts expanded its offering with sports, entertainment and combination contracts supplied through Crypto.com and OG Prediction Markets. Crypto.com has also announced a planned prediction-market integration with Truth Social, although The Wall Street Journal reported that the product had not launched by July 24. A Robinhood deal would place its contracts before another large retail trading audience.
Kalshi rivalry grows as revenue forecasts rise
Robinhood and Kalshi started as distribution partners, but their businesses now overlap more directly. Kalshi has expanded beyond standard event contracts, while Robinhood has built Rothera and added more exchange partners. Kalshi chief executive Tarek Mansour described Robinhood as both a partner and a competitor, adding, “We’ll see who ends up with a better product.”
The reported Crypto.com talks arrived after Bernstein raised its Robinhood share-price target to $160 from $130. The firm estimated that Robinhood’s prediction-market revenue could reach about $1.7 billion by 2028. As crypto.news previously reported, Bernstein also forecast $586 million in Robinhood prediction-market revenue for 2026, supported by higher World Cup activity and Rothera volumes.
Bernstein expects total prediction-market trading volume to grow from about $51 billion in 2025 to $1 trillion by 2030. The projection assumes wider distribution, more institutional use and clearer rules. Sports contracts currently generate much of the activity, but analysts expect economic, political and business contracts to form a larger share over time.
State and federal regulators remain divided
Robinhood’s possible expansion comes during a legal fight over who can regulate event contracts. The CFTC says federal law gives it exclusive authority over commodity derivatives traded on registered exchanges. In 2026, the agency sued several states after officials moved against prediction-market operators.
States argue that some sports-related contracts function like gambling and should follow local licensing, age and consumer-protection rules. Wisconsin’s actions included complaints against Crypto.com and Robinhood, along with Kalshi, Polymarket and Coinbase.the CFTC responded by seeking to block the state’s enforcement and preserve federal oversight.
The conflict has produced different rulings and restrictions across the country. New York sued Coinbase and Gemini over claims that their event-contract products violated state gambling rules. The CFTC later filed its own case against New York and maintained that federal law takes priority.
Any Robinhood-Crypto.com arrangement would still depend on contract availability, regulatory status and the final terms between the companies. Robinhood has not confirmed that Crypto.com contracts will appear in its app. For now, the talks show that the company is considering another supplier as competition grows among exchanges, brokers and crypto platforms seeking a larger share of event trading.
Binance runs simulated phishing attacks against its employees every month to reduce social engineering risks.
Summary
- Binance runs monthly phishing simulations to measure employee awareness and identify weak security habits early.
- Workers who fail receive training, while repeated severe failures can lower ratings and risk dismissal.
- Recruiter lures and fake conference invitations mirror scams already causing large losses across cryptocurrency firms.
Chief security officer Jimmy Su said the exchange’s red team creates fake attacks to test whether staff recognise suspicious messages, links and requests. Employees who fail must complete follow-up training. Repeated failures can also affect performance ratings and may lead to dismissal.
The programme targets human errors that attackers use to enter crypto companies. Binance has operated the drills for three to four years, according to Su. He said the company’s security habits had improved during that period. Binance reports 323 million registered users, while DefiLlama tracks about $137.5 billion in assets linked to the exchange.
Binance ties phishing tests to staff reviews
The red team uses methods that resemble real attacks. One test may present a fake recruiter offering a job. Another may promise free access to a conference and request personal details. The team records whether employees open the message, follow a link or share information that could expose company systems.
Su said workers who fail receive remedial training. Repeated failure “will negatively impact their rating,” he said. Severe cases may push a worker’s rating to the lowest level and result in dismissal. The policy gives employees a direct work-related reason to verify unexpected messages before responding.
Binance has described its red team as an internal group of ethical hackers that tests systems from an attacker’s point of view. The exchange also works with external researchers through bug bounty programmes. Its security model covers technical weaknesses and employee behaviour because attackers may enter through trusted accounts or devices.
Social engineering drives crypto security cases
The drills come as social engineering causes a large share of reported crypto losses. AMLBot reviewed more than 2,500 investigations and found that 65% of the cases it handled in 2025 began with social engineering rather than direct software exploits. Phishing represented 18% of its cases, while device compromise accounted for 13%.
Attackers often spend days or months building trust before asking a target to open a file, approve a wallet request or run a command. This method can defeat technical controls when a worker has access to private keys, administrator accounts or internal systems. Stolen credentials can lead directly to liquid assets that move across blockchains within minutes.
As crypto.news reported, the April 2026 attack on Drift Protocol drained about $285 million after attackers compromised an administrator key. Researchers linked the breach to social engineering and operational security failures rather than faulty smart contracts. The attacker changed market settings and withdrawal limits before removing assets across dozens of transactions.
Fake meetings and job offers remain common lures
Su identified fake job interviews as one scenario used in Binance’s tests. Real attackers use the same approach against developers, executives and investment teams. They may move a conversation from LinkedIn, Telegram or email into a video meeting, then claim that the victim’s camera or microphone needs an update.
North Korea-linked hackers have used compromised Telegram accounts and deepfake Zoom calls to contact crypto professionals. The attackers impersonated known contacts and asked victims to install files that claimed to fix audio problems. Those files instead delivered malware capable of accessing devices, browser data and crypto wallets.
A Venus Protocol user lost about $13.5 million in September 2025 after approving a malicious transaction. Venus paused its lending platform and recovered the assets through an emergency governance process. The case showed how a user-level compromise can place assets at risk even when a protocol’s contracts remain intact.
Frequent drills aim to reduce predictable errors
Monthly simulations let Binance compare failure rates and update training when attackers change their methods. A single annual course may not prepare staff for new lures built around current events, trusted contacts or job offers. Frequent tests also show whether workers report suspicious messages instead of only deleting them.
However, simulations cannot remove every risk. Attackers can hijack genuine accounts, copy earlier conversations and use artificial intelligence to create convincing audio, video and written messages. Firms still need access controls, transaction limits, device monitoring and fast incident response alongside employee training.
Su said Binance’s early security habits “left a lot to be desired,” but repeated testing brought improvement. The exchange treats staff awareness as part of its wider defence system rather than a one-time compliance task. Employees still need to verify unusual requests through a separate channel before opening files, sharing information or approving transactions.
Wise plans to submit a new application for a U.S. national trust bank charter under the GENIUS Act after the Office of the Comptroller of the Currency rejected its first bid.
Summary
- Wise plans a fresh U.S. charter application under the GENIUS Act after the OCC rejection.
- The OCC cited weak AML controls, management gaps, and limited national banking experience in denial.
- William Blair expects Wise to remain rail-agnostic rather than make stablecoins its core business model.
The July 21 decision ended the payments company’s effort to create Wise National Trust in Austin, Texas. Wise disclosed the outcome on July 24 and said its current U.S. services continue without change. The company still operates through money-transmitter licences across 48 states and four territories.
The new filing will use the federal framework for payment stablecoins rather than the structure in Wise’s original June 2025 application. Wise said the earlier plan relied on access to Federal Reserve payment systems that is no longer practical. Its London-listed shares fell as much as 10% after the denial became public. Wise said it had strengthened financial-crime controls since filing the original plan and would address the regulator’s findings in its next submission.
OCC rejects Wise application over compliance concerns
The OCC’s decision said Wise did not show that the proposed trust bank could meet U.S. legal and regulatory requirements. The regulator focused on weaknesses in anti-money laundering and countering the financing of terrorism controls. It also said Wise U.S. had a record of failing to meet rules that apply to money services businesses. The proposed bank planned to rely heavily on Wise U.S. and other group companies for compliance work.
The regulator also questioned the experience of the proposed directors and managers. It said the team did not show enough knowledge of national banking rules, fiduciary services, or AML/CFT operations. Wise National Trust had planned to offer multi-currency stored-value accounts, payment processing, and fiduciary services. The OCC stated that approval would conflict with its charter policies. However, the decision does not stop Wise from filing another application after addressing the issues.
Wise shifts its plan toward the GENIUS Act
Wise gave a separate reason for changing course. The company said the Federal Reserve has generally paused account access for uninsured trust banks while it develops a new payment-account policy. “With the Federal Reserve generally pausing account access for an uninsured trust bank, the approach in our application became non-viable,” Wise said. The original plan aimed to let Wise settle U.S. dollar payments more directly and reduce its reliance on partner banks.
Wise now plans to apply under the GENIUS Act, which created a federal licensing and supervision system for payment stablecoin issuers. The company has not said it will launch its own stablecoin. William Blair analysts also said they do not expect a major change in Wise’s position. They described the company as “agnostic of the rail,” meaning it remains focused on lowering cross-border payment costs whether transfers use traditional systems or digital assets.
Stablecoin rules remain unfinished
The GENIUS Act became law in July 2025. It sets reserve, redemption, reporting, consumer protection, and compliance requirements for approved payment stablecoin issuers. The law is due to take effect on January 18, 2027, or 120 days after regulators publish final rules, whichever comes first. The OCC published its main proposed rule in March, while Treasury later proposed AML and sanctions standards.
Final rules were still pending when Wise announced its new plan. As crypto.news reported, regulators missed the July 18 rulemaking deadline, leaving key details unresolved. Wise will need to explain what activities its new entity would conduct, how it would use stablecoins, and how it would meet the stricter AML/CFT standards planned for permitted issuers. A new application must also explain how the charter would work without the unrestricted Federal Reserve access assumed in the earlier model.
Wise joins a wider U.S. charter race
Wise is entering a crowded federal licensing process. The OCC has approved several digital asset companies for national trust charters during the past year.Circle received final approval in July 2026 after gaining conditional approval in December. Ripple, Paxos, BitGo, Fidelity Digital Assets, Crypto.com, Bridge, and Coinbase have also received conditional decisions or entered the process.
The approvals have drawn opposition from banking groups and some lawmakers. Crypto.news reported that the Bank Policy Institute retained outside lawyers while considering a challenge to the OCC’s trust-charter policy. Wise’s case differs because the regulator issued a direct denial tied to its compliance record and management plan. The new GENIUS Act filing may offer a different route, but it will still require Wise to satisfy the OCC’s standards before gaining a charter.
BitMart has started a phased shutdown of its global cryptocurrency exchange after reviewing its operating conditions, market environment, and future strategy.
Summary
- BitMart stopped new registrations, deposits, and orders before ending all trading services on August 26.
- BMX lost about 63% in 24 hours as traders reacted to the exchange’s shutdown announcement.
- Withdrawals remain available, but BitMart advised users to submit requests before August 26’s recommended deadline.
According to the official shutdown notice, the exchange stopped new registrations, cryptocurrency and fiat deposits, and new spot orders from 01:30 UTC on July 26. Futures accounts entered reduce-only mode, while copy trading, grid trading, API trading, and other automated services began winding down.
The exchange will end all spot, futures, and other trading services at 01:00 UTC on August 26. However, the full platform will not close on that date. BitMart plans to terminate trading-platform operations at 15:59 UTC on January 31, 2027. Users will retain limited account access for a period after that date to review records and submit withdrawals.
BitMart sets withdrawal and position deadlines
BitMart told users to close all positions before 01:00 UTC on August 26 and recommended submitting withdrawals before 05:00 UTC the same day. Withdrawals remain open, but requests may face identity, source-of-funds, wallet ownership, sanctions, Travel Rule, and security reviews. Heavy demand or network congestion may extend processing times.
The exchange asked customers to cancel open orders, redeem eligible Earn, staking, and lending products, and download account records. BitMart may settle any futures positions still open when trading ends using its mark price, index price, or other applicable rules. Users who miss the recommended withdrawal period will enter a separate process that BitMart plans to explain later.
BMX falls as traders react to the shutdown
BMX, the exchange’s platform token, fell by around 63% during the 24 hours surrounding the announcement. BitMart’s own market page showed a decline of about 64.9% at one stage, while CoinGecko’s BMX page placed the token near $0.164 on July 26 with about $6.1 million in daily volume. The sharp move reflected the token’s close link to exchange activity.
BMX provides trading-fee discounts and other platform benefits. The planned end of trading removes much of that direct use. Price readings varied across trackers because the market moved quickly and platforms used different update times. CoinGecko data placed the token’s market value near $55.6 million on July 26, down from more than $100 million earlier in the week.
Closure follows recent service restrictions
BitMart did not identify a single event behind the shutdown. Its notice referred only to “operating conditions, market environment, and future strategic direction.” The exchange did not state that it had entered insolvency, and it did not connect the decision to a security incident, regulatory order, or lack of customer assets. Users therefore still lack a detailed financial explanation.
The decision followed several service changes. BitMart suspended its automated market-making bot on July 24 and returned users’ principal and earnings to spot accounts. It also ended spot margin trading, with forced liquidation scheduled for July 26. On July 23, the exchange told remaining U.S.-linked users to close positions and withdraw by August 8 during a compliance review.
BitMart follows other crypto platform closures
The announcement came three days after BitMEX said it would close its derivatives exchange on September 23 following a strategic review. BitMEX stopped new registrations and set August 26 as the date when customers could no longer open new positions. Odos also announced plans to shut its decentralized exchange aggregator on July 30, although the platforms gave different reasons and timelines.
BitMart entered the market in 2017 and grew through a wide selection of smaller tokens. A 2021 Series B round led by Alexander Capital Ventures valued the company at more than $300 million. Fenbushi Capital had made an earlier investment in 2019. Days after the Series B announcement, attackers compromised two hot wallets and stole assets valued at about $150 million by BitMart, while outside estimates reached $196 million.
BitMart said at the time that it would use its own funds to compensate affected customers. The shutdown notice did not link the wind-down to that breach, which occurred nearly five years earlier. In May 2026, BitMart said “all platform operations are running normally” while responding to online concerns about withdrawals and risk controls. It also said it planned to publish proof of reserves after completing security preparations.
The exchange now warns that scammers may exploit the shutdown. BitMart said it will not charge an expedited withdrawal fee or ask for passwords, two-factor codes, private keys, or recovery phrases. It advised users to rely on its official website, app, registered emails, and support system. Customers must also check networks and addresses before transferring funds.
Cryptocurrency exchange BitMart will shut down its trading platform, beginning an orderly wind-down on Sunday.
The announcement sent BitMart Token (BMX) tumbling, with the exchange token posting double-digit losses over the past 24 hours. The platform urged users to close positions and withdraw assets without delay.
BitMart Sets a 6-Month Runway Before Full Closure
BitMart attributed the decision to a review of its operations, market conditions, and future strategic direction.
“BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make this decision,” the team said.
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The notice sets a staged timeline. The platform suspended new registrations, deposits, and orders on July 26, 2026, at 01:30 UTC.
Futures accounts switched to reduce-only mode on July 26. Spot trading also stopped accepting new orders that day.
Copy trading, grid trading, and API trading services are being discontinued in phases. Earn, staking, lending, and Launchpad products will wind down under their own schedules.
All spot, futures, and other trading ends at 01:00 UTC on August 26. Platform operations then cease entirely at 15:59 UTC on January 31, 2027.
The exchange asked users to complete identity verification and close positions before that August deadline. It also asked users to submit withdrawal requests by 05:00 UTC on August 26, 2026.
BMX Slides as Exchange Closures Pile Up
The market reaction was immediate. BMX traded near $0.11016 on Sunday, down 46.08% on the day.
That leaves it roughly 82% below its record high of $0.61905, reached on June 5, 2024.
The closure arrives just days after BitMEX told users it would end operations on September 23. Two established venues are therefore exiting within the same week.
Users now have one month to exit positions before trading stops on BitMart.
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The post BMX Token Crashes 46% as BitMart Announces Exchange Wind Down appeared first on BeInCrypto.
- BlueNoroff scans browser wallets before deciding which fake meeting targets should receive its malware payload.
- Hijacked Telegram accounts help attackers contact trusted industry peers and extend the campaign through victims.
- The phishing kit supports Windows and macOS, stealing browser keys, system data, and Telegram sessions.
North Korea-linked hacking group BlueNoroff is using fake Zoom and Microsoft Teams meetings to profile cryptocurrency users before delivering malware.
Cybersecurity firm JUMPSEC said it recovered and analysed source code from an active phishing kit after its operators exposed JavaScript source maps on live infrastructure. The files showed separate Zoom and Teams lures, wallet-scanning tools, operator controls and malware delivery paths for Windows and macOS.
The attack often begins through a Telegram account that the target already trusts. The hackers take over accounts belonging to crypto contacts, then send a Calendly invitation that leads to a lookalike meeting domain. JUMPSEC described the system as a repeatable victim pipeline because one stolen Telegram session can help the attackers contact the next group of targets.
BlueNoroff checks crypto wallets before sending malware
The phishing page starts scanning the browser when a user enters the fake meeting. It looks for Ethereum wallet connections through EIP-6963 and older browser methods. It also checks for non-EVM wallets, including Solana tools. The results reach an operator panel without alerting the victim. This lets the attackers identify wallets and choose higher-value targets before pushing the next stage.
On Windows, the implant also lists extension IDs across Chrome, Edge, Brave, Opera, Vivaldi and Firefox variants. Operators can compare those IDs with known wallet extensions such as MetaMask. JUMPSEC called this a system that profiles wallets “before malware delivery.” The method differs from broad phishing campaigns because the attackers gather wallet data before deciding how far to take the intrusion.
Fake Zoom and Teams calls build trust
Victims first see a convincing meeting page that requests their name and webcam access. The site then sends the camera stream to the attacker’s control panel. After the victim joins, the screen shows “waiting for other participants.” An operator can enter with a prepared video, send messages such as “your mic isn’t working,” and trigger a fake “Zoom SDK Update” prompt.
JUMPSEC found that the displayed participant video was not live. The attackers combined AI-generated headshots with body movements captured in earlier meetings. They could then show a familiar-looking person while using a Telegram account that belonged to a real contact. The Teams version included emoji reactions, device settings, background effects and wider wallet checks, making it more polished than the Zoom kit. The source code also contained an unfinished Google Meet option. JUMPSEC said Zoom and Teams suit the lure because both use desktop clients, making an urgent software update appear more credible.
Malware targets both Windows and macOS
On Windows, the copied ClickFix command runs a small PowerShell loader. It downloads a VBScript, adds a Microsoft Defender exclusion and restarts Defender so the change takes effect. The implant gathers system details, checks browsers for wallet extensions and looks for Telegram Web files. It can also receive later payloads from the operators, although JUMPSEC did not recover every final-stage file.
The macOS path downloads a fake Zoom or Teams installer while a stealer runs in the background. Researchers found versions that collected system information and Chrome master keys from Apple’s Keychain. The malware sent data through a Telegram bot and could download another payload. JUMPSEC traced four macOS variants between April 22 and July 15, showing that the operators kept changing the toolkit during the campaign.
Campaign builds on earlier crypto meeting scams
The findings expand earlier research into BlueNoroff’s fake meeting operations. In April, Arctic Wolf reported more than 80 lookalike Zoom and Teams domains and identified 100 additional targets whose media appeared on attacker infrastructure. It said 80% of the identified targets worked in crypto, blockchain finance or related investment sectors, while founders and chief executives made up 45%.
North Korean attackers had already used compromised Telegram accounts, spoofed meeting invitations and fake software updates to target crypto executives. Another crypto.news report described a related macOS campaign that asked victims to run commands during fake calls. Earlier coverage of NimDoor malware also linked fake Zoom updates to theft attempts against browser credentials, wallet data and Telegram files.
The latest kit gives operators direct control over the pace of each meeting and the malware prompt. JUMPSEC advised organisations to treat meeting links from trusted accounts with care because the sender’s account may already be compromised. Crypto teams can verify unusual invitations through another channel, avoid commands or updates presented during calls, revoke exposed Telegram sessions and isolate any device that ran the requested script. Teams should also review PowerShell activity, Defender exclusions, Keychain access and new Telegram logins after any suspect call. A password reset alone may not remove stolen sessions or malware already running on the device across affected systems.
Uniswap Labs has launched Permissioned Pools on Uniswap v4, adding onchain access checks for regulated assets that cannot trade freely between every wallet.
Summary
- Permissioned Pools check issuer-managed allowlists before swaps or liquidity actions can proceed through Uniswap v4.
- Superstate, Securitize, and Dowgo helped build compliant trading infrastructure for tokenized funds, equities, and securities.
- Regular Uniswap v4 pools remain permissionless, giving developers a separate option for restricted regulated assets.
The open-source hook standard lets approved users swap tokenized funds, securities, equities and other restricted assets through automated market maker pools. Uniswap announced the product on July 23, 2026, after working with firms that issue and manage regulated onchain assets. It keeps issuer compliance controls visible and enforceable onchain.
Launch partners include Superstate, Securitize and Dowgo. Each partner helped shape parts of the standard or its compliance links. The launch does not change regular Uniswap v4 pools. Those pools remain permissionless, while issuers can choose the restricted format when an asset requires identity checks, transfer rules or investor eligibility controls.
How Uniswap Permissioned Pools work
Permissioned Pools check an issuer-managed allowlist before every swap. The hook also checks the list before a user creates a liquidity provider position. When a wallet lacks approval, the transaction cannot continue. The issuer controls the list and its rules, rather than Uniswap or a public interface. Uniswap said the checks run “at the protocol level, not on the frontend,” which makes the restriction part of the pool’s smart-contract process.
The design uses Uniswap v4 hooks, which let developers add custom instructions to a pool at set points in a transaction. It also uses v4 virtual accounting to calculate exchanges while the regulated assets remain inside a permissioned contract. Approved traders still use an AMM instead of a traditional order book. Liquidity providers supply the assets, while the pool’s code handles pricing and settlement under the issuer’s access rules.
Launch partners connect regulated assets to AMMs
Superstate joined as an early design partner and helped develop the format for tokenized equities and funds. The company issues onchain financial products and operates services for tokenized funds and company shares. Its July 23 update said the standard could connect eligible tokenized equities with AMMs, lending markets and other approved financial applications.
Securitize worked with Uniswap Labs before the wider standard launched. The firms focused on making assets issued through Securitize’s DS Protocol compatible with compliant onchain trading. Dowgo contributed an ERC-3643 integration, a token standard that supports identity checks and transfer controls. Uniswap said Dowgo plans to use Permissioned Pools after it receives DLT TSS authorisation under the European Union’s DLT Pilot Regime. Dowgo says its application remains under review by France’s ACPR.
Regular Uniswap v4 pools remain permissionless
The new system applies only when an issuer or developer deploys a Permissioned Pool for a selected asset. It does not add a general identity check to Uniswap v4. Developers can continue creating standard pools without asking Uniswap Labs for approval, and users can continue accessing those pools under the protocol’s existing rules.
This split gives regulated issuers a separate route to AMM liquidity without turning the wider protocol into a closed trading venue. Uniswap said developers can choose either model: build permissionlessly on v4 or deploy a restricted pool for an asset with legal transfer conditions. The issuer remains responsible for the allowlist and investor access, while the hook enforces those decisions during swaps and liquidity actions.
Tokenized asset growth raises demand for compliance controls
Permissioned Pools follow Uniswap’s June rollout of tokenized securities across its web app, wallet and API. That earlier update gave eligible users access to blockchain-based products linked to companies such as Apple, Nvidia and Tesla. Uniswap warned that some products may not represent direct ownership and may face KYC, transfer or geographic restrictions. The new pool standard gives issuers another way to enforce such rules directly in trading infrastructure.
Uniswap cited an estimate that the tokenized asset market could reach $11 trillion by 2030. Current figures remain far below that forecast. As crypto.news reported, tokenized real-world assets stood near $34 billion in May 2026, including about $1.55 billion in tokenized equities. Related coverage also found that transfer agents often control wallet allowlists and the official ownership records behind tokenized securities.
Regulators continue to examine how these products protect ownership and shareholder rights. As previously reported, the U.S. Securities and Exchange Commission delayed a proposed tokenized-stock exemption after exchanges raised questions about investor safeguards and record keeping. Securitize chief executive Carlos Domingo said any framework should “apply to the right instruments.” Permissioned Pools address transaction access at the smart-contract level, but each issuer must still follow the securities laws and licensing rules that apply to its product and market.
Upbit has added Morpho (MORPHO) and Euler (EUL) to its Korean won market, expanding direct KRW trading for two Ethereum-based decentralized lending projects in Korea.
Summary
- Upbit added MORPHO and EUL KRW pairs, giving traders access to two DeFi lending tokens.
- Euler’s KRW trading launch moved to 2:00 p.m. KST, two hours later than initially scheduled.
- EUL gained about 74% before launch, while MORPHO posted a smaller rise and heavier volume.
MORPHO/KRW opened on July 25 at 6:00 p.m. KST, while Upbit planned EUL/KRW for July 26.
However, Upbit changed Euler’s launch timetable shortly before trading. The exchange moved the start from 12:00 p.m. to 2:00 p.m. KST on July 26. The notice said, “The trading support start time for EUL will change.” Deposits and withdrawals for both assets remain limited to the Ethereum network. The listings also broaden access beyond existing BTC and USDT pairs already available for both assets on Upbit.
Upbit delays EUL trading after adding the KRW pair
Upbit did not give a detailed reason for the two-hour delay. Its notice said trading may start later when the exchange has not secured enough liquidity. The platform had already created the EUL/KRW market page, but users still had to follow the revised 2:00 p.m. KST start time.
The exchange also placed temporary controls on the launch. Upbit will block buy orders for about five minutes after trading begins. During the same period, it will restrict sell orders priced more than 10% below the previous closing price. For roughly two hours, users may place limit orders only. Upbit set the reference close at 0.00003019 BTC, equal to 2,845 won in its notice.
EUL price surges before the scheduled Upbit launch
EUL recorded the stronger market response. At the time of writing, Binance data placed the token near $2.22, up about 74% over 24 hours, with trading volume above $200 million. CoinMarketCap data also linked the move to the Upbit listing and reported a sharp rise in volume before the KRW market opened.
The reaction follows earlier cases in which Korean won listings drove fast changes in EUL trading. As crypto.news reported in September 2025, EUL rose more than 30% after Bithumb announced a KRW pair. The token had also gained after Coinbase added it to its asset roadmap in July 2025. Those earlier moves show that new exchange access can quickly change short-term demand, although gains can reverse when initial activity slows.
Morpho gains another route to Korean won liquidity
Morpho’s KRW pair opened a day earlier. Upbit scheduled MORPHO/KRW trading for 6:00 p.m. KST on July 25 and supported deposits and withdrawals through Ethereum only. Market trackers recorded a smaller price move than EUL, but they also showed a sharp increase in MORPHO trading volume after the announcement.
MORPHO traded near $1.95 on July 26, up about 1.5% over 24 hours. CoinGecko placed its market value above $1.2 billion and reported that daily volume had increased by more than 400% from the previous day. The listing adds a direct won pair for a token that Upbit already offers in its BTC and USDT markets.
The new KRW access also follows a series of Morpho product and funding updates.Morpho launched Midnight on Base in July, offering fixed-rate and fixed-term lending. The network said it held more than $11 billion in deposits. In June, Morpho raised $175 million from investors including Paradigm, a16z Crypto and Ribbit Capital, with the transaction reportedly valuing the project at about $2 billion.
Upbit backs two modular Ethereum lending protocols
Morpho and Euler both provide infrastructure for onchain lending, but they use different systems. Morpho lets developers and asset managers create lending markets and vaults with selected collateral, risk settings and interest models. MORPHO supports governance and other functions across the network.
Euler v2 uses modular vaults that users and developers can build for different lending markets. Its Euler Vault Kit supports the creation of vaults, while the Ethereum Vault Connector can link positions across compatible vaults. EUL serves governance, rewards and fee-related functions within the protocol.
Euler rebuilt its platform after a 2023 exploit drained about $197 million from its earlier version. The attacker later returned most of the funds. As crypto.news previously reported, Euler expanded through v2 and later launched on networks including Sonic. The protocol reported more than $2 billion in total borrowing and about $4 billion in deposits by October 2025.
Upbit’s back-to-back MORPHO and EUL listings give Korean traders new won-denominated access to two lending protocols. However, the fast EUL price rise and the exchange’s opening controls point to high volatility around the launch. Upbit advised users to confirm the Ethereum network and token contract before sending funds, because unsupported deposits may require a long return process.
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