- 28 Jul 202620:00Analytics
Tokenized Stocks on CEXs: The Cost You Don't SeeCryptoRank tested Bitget, Binance and Gate on the same names. Top-of-book spreads were close. But on a $50K order the cost split wide open: Bitget's rTokens averaged 11.8 bps of slippage versus 23 to 31 for the others, up to 58% lower.
Bitget also lists the most (568 tokenized stocks and ETFs vs 45 and 65), names its custodian (Alpaca, FINRA and SIPC), and is the only one publishing daily independent proof of reserves.
- 28 Jul 202619:30Project update
Emirates Launches Crypto com Pay for UAE Flight BookingsEmirates has officially integrated Crypto com Pay, allowing eligible UAE customers to book flights using cryptocurrency through the airline's website and mobile app.
Users can now select Crypto com Pay at checkout, approve the transaction via the Crypto com app or by scanning a QR code, with payments securely settled in UAE Dirhams (AED) in compliance with local regulations.
The rollout follows a partnership announced in 2025 and is powered by Crypto com's Dubai entity, the first Virtual Asset Service Provider (VASP) licensed by the Central Bank of the UAE to operate under the country's Stored Value Facilities framework.
The integration supports the Dubai Cashless Strategy, which aims for 90% of all financial transactions across the public and private sectors to be digital by the end of 2026, further strengthening the UAE's position as a global fintech and digital asset hub.
Source - 28 Jul 202616:30Project update
Multiple Bitcoin's Historical Bottom Indicators Align Once Again• High-timeframe indicators suggest BTC is at or near a cycle low. With Bitcoin trading around 50% below its all-time high and the current bear market lasting 40+ weeks, multiple long-term metrics are aligning with previous cycle bottoms
• BTC is the most oversold ever versus the Nasdaq. Relative strength indicators show Bitcoin has reached its lowest reading on record against the Nasdaq, while it also recorded extreme oversold conditions versus gold earlier this year. Historically, similar signals preceded strong 1–3 year outperformance
• Realized Price sits at ~$53K. Bitcoin is currently trading only 18% above its realized price (the average on-chain cost basis of all BTC). Historically:
1. Every bear market bottom traded at or below realized price
2. BTC has spent only 12% of its history below this level
3. Buying near realized price has historically generated attractive long-term returns
• Cycle timing points to a potential bottom by late 2026. Previous BTC bear markets reached their lows around 60 weeks after the all-time high. The current cycle is at week 40, implying a historical window for a bottom around November–December 2026
• Returns are compressing each cycle. The report argues Bitcoin is maturing, meaning future bull markets may deliver smaller percentage gains than previous cycles. Passive "buy and hold" may become less effective than selectively increasing exposure during deep market corrections
• Capital allocation should be opportunistic. Rather than remaining permanently overweight BTC, the report suggests accumulating during rare periods when multiple long-term indicators simultaneously reach extreme oversold levels.
• Historical outlook remains constructive. If previous cycles repeat (with lower returns), Bitcoin could transition into a multi-year recovery through 2027–2028, with the current period representing a favorable long-term accumulation zone.
ℹ️ Risks & Limitations
• The analysis is based on very small historical samples (3–4 market cycles)
• Current market structure differs from previous cycles due to spot ETFs, corporate treasury adoption, and a more mature derivatives market
• These indicators are not guarantees and do not predict short-term price action. BTC could still experience additional downside before establishing a definitive bottom
Source - 28 Jul 202615:30Project update
Crypto VC Participation Falls to Lowest Level Since November 2020Crypto venture capital participation has dropped to its lowest level in nearly six years, with only 150 unique VC firms joining funding rounds in July 2026 (as of July 28).
The figure marks a sharp decline from the May 2022 peak of 1,177 active investors, highlighting a market where capital is becoming increasingly concentrated among a smaller group of highly selective funds.
Despite the drop in investor participation, crypto startups are still expected to raise around $1.2 billion in July, suggesting that fewer firms are deploying larger amounts of capital into high-conviction opportunities.
Funding continues to favor sectors such as crypto exchanges, trading infrastructure, AI-powered blockchain projects, and lending protocols, while DeFi investment has declined for the third consecutive quarter, reaching its lowest level since late 2023.
The latest data suggests the crypto VC market is shifting from broad participation toward fewer deals backed by larger checks and stronger conviction.
Source - 28 Jul 202614:30Project update
Elfa AI Launches the Iris Intelligence StackElfa AI has launched Iris, a real-time intelligence stack that turns live news, markets and social signals into structured, actionable context for AI agents and traders.
Beyond the data layer, Iris is also a runtime for autonomous finance agents, handling sandboxing, persistent memory, triggers, guardrails and hosting, so teams can go from an API key to a production agent quickly. It pairs with the Elfa app's "Ask Elfa" chat and in-app trading.
Elfa says Iris covers 300K+ sources and 100K+ markets at sub-two-minute latency. Access is metered per request in USDC via the x402 standard on Base, Arbitrum, Polygon or Avalanche, and Elfa AI has no token.
Source - 28 Jul 202613:30Project update
Dow Protocol Raises $9M for E-Commerce FinancingThe startup is pulling real-world e-commerce financing onchain. Rather than trading yield, it packages the repayment cash flows of online merchants — think Amazon sellers waiting on payouts — into tokenized, yield-bearing vaults, with credit underwriting handled by cross-border e-commerce lender Dowsure.
That financing is already live through partner vaults on BNB Chain (via Lista DAO) and Sui (via Volo), where the yield comes from real merchant repayments rather than token emissions.
Source - 28 Jul 202613:30Project update
Crypto VC Participation Falls to Lowest Level Since November 2020Crypto venture capital participation has dropped to its lowest level in nearly six years, with only 150 unique VC firms joining funding rounds in July 2026 (as of July 28).
The figure marks a sharp decline from the May 2022 peak of 1,177 active investors, highlighting a market where capital is becoming increasingly concentrated among a smaller group of highly selective funds.
Despite the drop in investor participation, crypto startups are still expected to raise around $1.2 billion in July, suggesting that fewer firms are deploying larger amounts of capital into high-conviction opportunities.
Funding continues to favor sectors such as crypto exchanges, trading infrastructure, AI-powered blockchain projects, and lending protocols, while DeFi investment has declined for the third consecutive quarter, reaching its lowest level since late 2023.
The latest data suggests the crypto VC market is shifting from broad participation toward fewer deals backed by larger checks and stronger conviction.
Source - 28 Jul 202612:15Project update
1inch Launches Aqua, a Shared Liquidity Protocol1inch has launched Aqua, which it calls the first "shared liquidity protocol" — a design that effectively turns a user's own wallet into a self-custodial AMM.
Instead of locking funds into pool contracts, a single wallet balance can back many DeFi strategies at once. Liquidity is pulled atomically only at the moment a trade executes, so the same capital can be reused across strategies simultaneously.
"Aqua solves liquidity fragmentation for market makers by multiplying effective capital. From now on, the only limit to your capital efficiency is your strategy," said 1inch co-founder Anton Bukov. Built on the SwapVM protocol, Aqua aims to do for makers what 1inch's 2019 aggregator did for takers.
Aqua is a separate protocol from the 1inch aggregator, and no 1INCH token mechanic has been tied to it.
Source - 28 Jul 202611:15Analytics
CXMT's $8.6B Public Debut: China's DRAM LeaderA chipmaker just became China's most valuable public company overnight. CXMT raised $8.6B, popped 466% on debut, and now trades above Intel by market cap.
It is China's answer to Samsung, SK Hynix and Micron, and it is coming for the memory market fast. Everything you need to know.
- 28 Jul 202610:30Project update
Securitize Registers as an SEC Investment AdviserSecuritize's asset-management subsidiary, Securitize Capital, has registered with the SEC as an investment adviser, stepping up from an exempt reporting adviser to full regulatory oversight — public disclosure, compliance and periodic exams.
The status lets it work directly with asset managers and institutions on tokenized investment strategies. It becomes a fourth regulated pillar alongside Securitize's broker-dealer/ATS, transfer-agent and fund-administration arms.
"Asset managers and institutional investors want to work with partners that understand both the opportunity of tokenization and the obligations that come with operating in regulated markets," said Securitize CEO Carlos Domingo.
Securitize tokenizes more than $5B in assets — including BlackRock's ~$2.6B BUIDL fund — and works with Apollo, KKR and VanEck. Its recently listed stock (NYSE: SECZ) slipped on the day.
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