Ethereum’s market dominance climbed back above 10% on Tuesday after weeks below that level, while the token outperformed every other top-10 cryptocurrency with an almost 9% gain in the last seven days.

The move has rekindled bullish sentiment around ETH, even though one analyst is cautioning that no single event appears to have triggered the latest rally.

ETH Retakes 10% Market Share as Sentiment Improves

Data from CoinGecko shows Ethereum’s market cap at around $233.2 billion, with the total crypto market up nearly 2% and valued at just over $2.34 trillion. That put ETH’s share of the market at slightly more than 10%, a figure BIT analyst Markus Thielen described as a “psychologically important” threshold in a July 21 update.

Thielen also noted that when ETH dominance rose in the past, it often coincided with conditions that favored bullish traders. Indeed, at the time of writing, ETH had gained over 4% in 24 hours, but according to the analyst, there was “no immediate catalyst” behind the rise in dominance.

Some big names in the market appear to have picked up on the changing mood, with BitMEX co-founder and avid crypto trader Arthur Hayes spending over $2.5 million on 1,332.5 ETH earlier today. That was his second multi-million dollar splurge on the token in a week after earlier buying 1,293 others for a similar amount on June 16.

BIT’s weekly market watch, also published on July 21, argued that last week’s softer-than-expected US inflation data had reversed a rough start to the week, one that had briefly pushed Bitcoin (BTC) under $62,000 after conflict between the US and Iran flared again. BTC closed that week above $65,000, up almost 4%, while ETH added over 7% in the same period, ending up above $1,900 and marking its second consecutive week of outperforming Bitcoin. This also lifted the ETH/BTC ratio to 0.0293 from a June low of 0.0264.

Institutional Positioning Shifts Toward Ethereum

At the time of writing, the world’s second-largest cryptocurrency was still trading well over the $1,900 mark, having gained about 8.8% in one week and more than 12% in the last 30 days.

That weekly performance was the best among the top ten digital assets by market cap, with XRP and BTC following closely after jumping more than 6% in XRP’s case and about 5.7% in BTC’s case in that period. ETH’s daily trading volume also saw a huge uptick, adding more than 31% to the previous day’s amount to hit $11.6 billion.

Beyond spot prices, BIT’s report said perpetual funding rates have remained close to neutral despite ETH’s gains, while implied volatility stayed relatively subdued.

It also noted that institutional investors appeared to favor call options, with buy-call activity accounting for more than three-quarters of Ethereum block trades, while retail participants largely opted for call spreads to gain upside exposure with limited cost.

The post Ethereum Reclaims 10% Market Dominance as ETH Outperforms Top Cryptocurrencies appeared first on CryptoPotato.

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In Solana news today, the network’s total stablecoin market cap crossed $15Bn for the first time, according to Token Terminal data. The question the number forces onto the table is whether this supply base holds structural depth or remains tethered to cyclical retail flows.

USDC accounts for a large share of Solana’s stablecoin supply, with DeFiLlama reporting USDC at $7.09Bn and total Solana stablecoins at $15.16Bn. Circle’s $250M USDC minting on Solana has been reported as part of a pattern of supply growth contributing to the $15Bn milestone.

This Stablecoin surge across the Solana network comes as SOL USD spiked +3% over the past 24-hours, reaching over $78, with a daily trading volume of $1.94Bn.

Solana News: Beyond USDC/USDT and the New Stablecoins on the Block

The more structurally significant development sits outside the USDC/USDT duopoly. The non-USDC/USDT stablecoin segment on Solana hit an all-time high of $4.81Bn, driven by USD1 and USDG, according to SolanaFloor data. That segment now accounts for nearly one-third of Solana’s total stablecoin market cap.

USD1, a dollar-pegged stablecoin associated with World Liberty Financial, and USDG (Global Dollar) are the primary drivers of that growth.

USDT sits at $2.91Bn on Solana per DeFiLlama, leaving the remaining $4.81Bn distributed across these newer entrants. The diversification of the issuer base matters: it signals that dollar liquidity on Solana is no longer a two-party dependency.

Anchorage Digital’s USDGO reached a $1Bn market cap on Solana, up approximately 20x since January 2026. USDGO is a regulated, USD-pegged stablecoin launched on Solana in February 2026.

Two Demand Drivers, One Supply Stack

Solana’s stablecoin boom is being driven by two overlapping forces that reinforce each other but do not depend on each other. The first is renewed retail activity: DEX trading volume on Solana rose 13.1% week over week, daily transactions climbed 17.3%, and TVL expanded 12.5%, per DeFiLlama metrics.

Memecoin cycle activity is generating real on-chain dollar demand, with Jupiter and Raydium as notable liquidity venues. More than $900M in new stablecoins were minted in a single 24-hour window per Token Terminal.

The second driver is settlement-layer adoption. BlockEden reports Solana processed $650Bn in adjusted stablecoin volume in February 2026, surpassing Ethereum and Tron combined. That figure predates the current $15Bn supply milestone by several months, implying settlement throughput has likely expanded further since then.

DeFi protocols on Solana benefit directly from deeper stablecoin liquidity, tighter spreads, higher utilization rates, and more capital-efficient collateral pools, all of which follow from a larger on-chain dollar base. The growing dominance of Solana in tokenized assets, which hit a record $6Bn in Q2, compounds this dynamic: real-world asset settlement and stablecoin liquidity are co-locating on the same chain.

The regulatory context is not peripheral here. Stablecoin legislation moving through Congress, including a Crypto Clarity Act framework discussed toward a Senate vote, could create clearer rules of the road for stablecoin issuers. A clear federal standard accelerates institutional issuance and removes regulatory ambiguity that has kept some treasury desks from deploying at scale on public chains.

Discover: The Best Token Presales

What the $15Bn Figure Does and Does Not Confirm

In other Solana news, the $15Bn supply level confirms that Solana has accumulated a dollar base large enough to sustain serious DeFi and settlement activity independent of any single issuer.

It does not confirm that this base is cycle-resistant. A meaningful portion of current stablecoin demand on Solana is memecoin-adjacent, speculative liquidity that migrates when retail attention rotates.

The non-USDC/USDT segment’s 15x growth since January 2025 is impressive, but some of that reflects specific product launches (USDGO’s February debut, USD1’s expansion) rather than purely organic demand accumulation.

The credible bear case is a memecoin cycle cooling combined with stalled stablecoin legislation, which would simultaneously slow both retail-driven USDC minting and institutional USDGO deployment.

The bull case is that institutional settlement demand, evidenced by USDGO’s trajectory and Solana’s stablecoin volume market share, provides a structural floor that persists through retail drawdowns.

Circle’s aggressive minting cadence and Anchorage Digital’s institutional positioning suggest at least one major issuer is betting on the latter.

Discover: The Best Crypto to Diversify Your Portfolio

The post Solana News: Stablecoin Supply Hits $15Bn With New Issuers Reshaping the Mix appeared first on Cryptonews.

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A decentralized exchange (DEX) backed by Robinhood is expanding into tokenized stocks and derivatives as platforms compete to build onchain markets for traditional assets.

Arcus, a DEX built by the team behind decentralized trading platform dYdX and backed by Robinhood Crypto, launched tokenized stocks and perpetual futures on Robinhood Chain on Tuesday, according to an announcement shared with Cointelegraph.

The company previously launched spot markets when Robinhood Chain went live on July 1. Arcus offers more than 95 stock tokens, perpetual markets and crypto assets through a self-custodial trading account, with Paxos-issued stablecoin USDG serving as its primary collateral and settlement asset.

The launch comes as crypto companies and financial platforms increasingly compete to build infrastructure for tokenized real-world assets (RWAs), while regulatory questions around access and product structure remain a key challenge for the sector.

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Related: Bernstein raises Robinhood price target, cites tokenization and prediction markets

Self-custody shapes approach to onchain trading

Arcus’s launch includes tokenized versions of stock in major US companies such as Nvidia, Tesla, Apple, Microsoft, Meta, Google and Amazon, as well as perpetual markets tied to equities, exchange-traded funds, commodities, indexes and crypto assets.

The platform uses a self-custodial model, allowing users to retain control of their assets rather than deposit them with a centralized exchange. Arcus uses Privy, a wallet infrastructure company that helps applications create and manage crypto wallets, allowing users to sign up through email or social logins.

Source: Robinhood Chain

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Users who already hold crypto can connect existing self-custodial wallets, including MetaMask, Ledger and WalletConnect, with the company citing support for additional Ethereum-compatible wallets.

Tokenized stocks face regulatory questions

Arcus said its stock tokens are unavailable in the US, Canada, the UK and other restricted jurisdictions, highlighting the different regulatory approaches to tokenized securities across markets.

Cointelegraph contacted Arcus for clarification on the restrictions but did not receive a response by publication time.

Regulators in markets including the US and UK have been examining how blockchain-based representations of traditional assets fit within existing financial frameworks, with questions around custody, ownership and market structure being addressed.

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The launch adds another player to the growing race to build infrastructure for tokenized assets, with platforms including Coinbase-backed Base exploring ways to bring traditional financial products onchain.

Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?

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Circle is building a four-layer financial stack around Arc, its new blockchain. Tether still controls the digital dollar most of crypto actually uses.

Investors still see Circle as a stablecoin issuer. The numbers mostly agree. Reserve interest produced 94% of its first-quarter revenue.

Inside Circle’s Four-Layer Financial Stack

Circle calls Arc an economic operating system. It settles in under a second. Fees are paid in USDC, and privacy is optional and built in.

The layers stack like this. Assets such as USDC, EURC, and the yield-bearing USYC sit on the base chain. Developer products like wallets and the Cross-Chain Transfer Protocol (CCTP) come next. Circle’s own apps, including Mint and StableFX, sit on top.

Circle’s report says more than 100 firms joined the Arc testnet after its October 2025 launch. Goldman Sachs, Mastercard, and Visa are among the early partners. The testnet handled roughly 15 million transactions in the week ending July 15.

Big money is following. Circle’s first-quarter results revealed a $222 million ARC token presale at a $3 billion valuation. BlackRock, a16z crypto, and ARK Invest joined the raise.

Why the rush? Reserve income of $653 million made up 94% of Circle’s $694 million first-quarter revenue. Other revenue doubled in a year yet reached just $42 million. The stack is Circle’s escape plan.

Circle’s final OCC approval for a national trust bank adds regulatory muscle. The license comes from the Office of the Comptroller of the Currency.

Why Tether Still Owns Crypto’s Dollar

Tether’s USDT market cap stands near $184 billion. USDC holds $73 billion. It has slipped from $77 billion since the end of March.

The trading gap is wider still. USDT turned over roughly $48 billion in the past day. That is four times USDC’s total. Tron alone carries some $89 billion in dollar-pegged stablecoins, DefiLlama data shows. That single chain outweighs USDC’s entire supply.

History explains the loyalty. USDC fell to $0.88 in March 2023. Some $3.3 billion of its reserves sat frozen at the collapsed Silicon Valley Bank. Traders remember.

Tether also moves fast when Washington calls. It froze Iran-linked USDT worth $131 million within hours of new US sanctions this month. Circle, meanwhile, faces a Wisconsin criminal complaint for refusing to recover a scam victim’s funds without a court order.

Circle has one strong counter. USDC handled 63% of stablecoin transaction volume in the first quarter, per Visa Onchain Analytics figures in its results.

The stock market is not sold yet. Circle shares have collapsed roughly 76% from their post-IPO peak. A split market may be forming.

The GENIUS Act, America’s 2025 stablecoin law, steers regulated money to USDC. Offshore trading keeps USDT. Arc’s mainnet launch will test whether new rails can pull liquidity from a dollar Tether still owns.

The post Circle Wants to Own Crypto’s Financial Stack, but Tether Still Owns the Dollar appeared first on BeInCrypto.

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Telegram is embedding a native non-custodial Gram wallet directly into its messaging app for one billion users, triggering a 10% price surge in the token formerly known as Toncoin.

Pavel Durov’s initiative aims to deliver instant, near-zero-fee transactions inside chats. The development follows the June rebrand and positions Gram as a core part of Telegram’s expanding financial tools.

The post GRAM Jumps 10% as Pavel Durov Unveils New Product for Telegram Users appeared first on BeInCrypto.

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The UCITS ETF, CoinShares’ first in Europe, began trading on Deutsche Börse Xetra, tracking a rules-based index of publicly listed BTC miners.

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Midnight (NIGHT) token slid to a record low of $0.01524 after an attacker drained roughly 515 million tokens from Wanchain’s Cardano (ADA) bridge.

The stolen tokens reportedly represented about 97% of the bridge’s NIGHT reserves. Wanchain has since suspended the bridge while it investigates the breach.

Inside the Wanchain Bridge Drain

According to analyst Paul, the attacker emptied Wanchain’s Cardano-side lock address between 14:46 and 14:55 UTC. That address holds the custody backing Wanchain-wrapped NIGHT on BNB Chain.

Only NIGHT left the contract. Other bridged assets stayed untouched, according to the on-chain analyst. Reserves fell from about 527 million NIGHT to near 12 million. The move stripped roughly 97% of the bridge’s holdings.

“This is a bridge-layer incident, token supply is unchanged. The wrapped NIGHT on BNB is now largely unbacked though,” the post read.

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Token Dumped as Midnight Distances Itself

The attacker routed funds through newly created wallets and sold them on Cardano-based exchanges. About 290 million NIGHT hit decentralized exchanges (DEXs), pushing prices down.

The impact was clearly visible. At press time, NIGHT traded around $0.019, down about 27% on the day.

Meanwhile, the Midnight Foundation said the incident did not impact its network. It stressed that core infrastructure continued to run normally.

“Midnight’s protocol, validator network, consensus, and core infrastructure remain secure and continue to operate normally,” the team said.

The attack landed shortly after Allbridge Core lost $1.65 million, continuing the string of attacks on crypto infrastructure this year.

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The post Wanchain Bridge Breach Sends Midnight Token to All-Time Low appeared first on BeInCrypto.

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