BTC ETFs: +$75.5M

ETH ETFs: +$105M

This week (July 13-20, 2026): 

- BitMine (BMNR): Bought 7,430 ETH (~$13.9M). Total now ~5.77M ETH.

- Strategy (MSTR): Strategy has increased its USD Reserve by $225 million. Holds steady at 843,775 BTC.

- Strive (ASST): Bought 18 BTC (~$1.2M). Total now ~19,900 BTC. 

Others: Mostly flat, no big moves reported. 

Overall: Pause in big buying after strong prior months. Companies building cash instead.

Stablecoin reserves on two of the largest exchanges have dropped sharply, pointing to shrinking liquidity as BTC remains stuck near key support.

According to CryptoQuant analyst Darkfost, Binance's stablecoin reserves fell by roughly $1.55 billion over the past 30 days, while Bybit saw approximately $786 million in outflows, bringing the combined decline to nearly $2.3 billion across both platforms. The exact destination of these funds remains unconfirmed, though possible factors include MiCA-related user migration in Europe, weaker fresh capital inflows, and stablecoins moving into self-custody or onchain yield products.

Darkfost points to declining exchange stablecoin reserves as a sign that fresh liquidity simply isn't entering the market, a trend that's been consistent since the start of the year, with outflows persistently outpacing inflows.

Tether's USDT is now on a two-year countdown to meet GENIUS Act requirements or risk losing eligibility for listing on U.S. centralized exchanges.

The foreign stablecoin issuers like Tether may have until July 2028 to comply with the law, which could require OCC registration, adherence to U.S. freeze-and-seizure orders, and changes to USDT's reserve composition.

The GENIUS Act, signed into law a year ago, mandates that stablecoin issuers be fully backed by highly liquid assets — essentially cash and U.S. Treasuries. Tether's latest disclosures show roughly a quarter of USDT's reserves are still tied up in assets that wouldn't meet that standard, including precious metals, lending positions, and bitcoin holdings.

CEO Paolo Ardoino pledged compliance when the law was signed, and Tether has since launched USAT, a U.S.-focused stablecoin issued through Anchorage Digital, though adoption remains limited so far.

Prediction markets had their breakout year — Polymarket and Kalshi cleared record volumes, and the category crossed $20B in monthly turnover. But the loudest names are the venues. The real land-grab is quieter: the startups building the rails underneath — data, terminals, matching engines and credit — and most are still pre-token.

Wintermute put it bluntly this month: the prediction-market boom has an infrastructure problem. Fragmented data, slow tooling, no professional-grade APIs. So we went hunting for the teams fixing it. Ground rules: we skipped the big traded names (UMA, Chainlink) and the venues themselves, and kept only fresh, mostly pre-token builders. Inclusion isn't an endorsement — do your own research.

Here's the infrastructure map 👇

Data / API

1. Oddpool — Aggregates odds, orderbooks and arbitrage across every prediction venue into one searchable data layer for quants. Y Combinator (S26).

2. PredictionTalk — A prediction-markets hub tracking TVL, volume, fees and oracles across every major venue, updated continuously. Independent.

3. Adjacent — A data-and-news API surfacing 40,000+ markets and prediction indices, turning odds shifts into breaking news. Pre-seed, 2026.

4. Marketlens — Tick-level Polymarket orderbook history plus a Python backtesting SDK for quants building and testing real strategies. Independent.

Terminals / Execution

5. Kairos — Unified execution-and-intelligence terminal aggregating data, news and low-latency trades across venues. $2.5M, a16z crypto.

6. Verso — Bloomberg-style terminal with real-time data, AI news scoring and smart order routing across Polymarket and Kalshi. Y Combinator backed.

7. Fireplace — Institutional terminal aggregating markets, liquidity and execution, auto-routing orders to the deepest, best-priced venue. $1.5M pre-seed, Frachtis.

8. Converge — The first unified terminal letting traders watch and act across Polymarket, Kalshi and Limitless from one screen. Independent.

Protocols / Credit / Infra

9. Pascal — Core infrastructure powering the launch and operation of prediction-market platforms. $9M Series A, Union Square Ventures.

10. Kuest — Open-source protocol to launch and run your own prediction market. Independent · open-source.

11. OrderbookTrade — High-performance CLOB matching engine with on-chain settlement, launching markets instantly. Independent.

12. Dimes — Embedded credit letting any app offer leveraged prediction-market exposure via API. Independent.

The takeaway: everyone is trading on Polymarket. The smarter bet may be on who's building the layer beneath it — and unlike the venues, most of these are still early and pre-token.

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Nothing here is financial advice. Early-stage projects carry high risk — DYOR.

Ethereum co-founder Vitalik Buterin has shared a “vibe-coded” demo of an anonymous message board built on Aztec, Ethereum’s ZK privacy L2. Users deposit ETH on mainnet, post anonymously on L2 with no public link between a post and their wallet, and can withdraw later.

The twist is onchain moderation: a designated censor can flag posts as “immoral” — hiding them from default feeds and time-locking the poster’s next messages — while a local LLM daemon checks each post against a transparent onchain policy. Posts are rate-limited by deposit size (0.001 ETH = 1 post/hour), and the logic ships with 70 theorems formally proven in Lean 4. Based on his 2022 “anon billboard” blog idea, Buterin stressed the demo is early, incomplete and only a toy — with access-control fixes and browser flows still to do.

The catch nobody mentions: claims are paid at Nov-2022 prices. 120% back sounds great, until you remember BTC was $16K then.

Made whole in dollars. The coins ran ~4x without them.

TownSquare, a cross-chain leverage & yield layer built on Monad, has opened its TOWN public sale on Sonar, the onchain token-sale platform from Echo, backed by Coinbase. Sale terms: $200M FDV at ~$0.02 per token, 10B total supply, a ~$17.4M raise target.

TownSquare earlier raised $16.25M in a Pre-A round from World Liberty Financial, OKX, Amber Group, Animoca and others.

Cross-chain protocol Allbridge paused its Core product after a $1.65M exploit that used a Solana flash loan to warp its stablecoin pool ratios, then bridged the drained funds over to Ethereum.

No zero-day: the attacker took a $1.12M flash loan from Kamino, rapidly swapped USDC for USDT to skew the pool, withdrew at favorable rates, then laundered proceeds through privacy protocols. PeckShield, CertiK and Onchain Lens flagged the breach. Allbridge urged LPs to withdraw from affected pools and called on the arbitrageurs who profited to return the funds and make affected LPs whole again.

South Korea’s Financial Supervisory Service has opened sanction proceedings against Dunamu, Upbit’s parent, nearly eight months after a ~$30M hack drained Solana-based assets from the exchange in late 2025.

The FSS’s inspection report is only the first formal step — final penalties still run through its Sanctions Review Committee, the SFC and the FSC. Yet current Korean crypto law carries no direct sanctions for hacks or IT failures, leaving the outcome uncertain.

The ~54-minute November breach, pinned by some on North Korea’s Lazarus Group, saw Dunamu repay $26M to users from its own reserves. The case also shadows its pending Naver Financial merger, now delayed to December 2026.

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