About $80 million ZEC crosses into Zcash's new Ironwood pool in the first day
Roughly 5% of the funds in the retired Orchard pool have gone through the turnstile. The rest sit in a pool that can no longer take deposits.
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Roughly 5% of the funds in the retired Orchard pool have gone through the turnstile. The rest sit in a pool that can no longer take deposits.
As perpetuals enter regulated markets, critics warn they import systemic risk. But the risk comes from venue design — leverage limits, margin rules, index construction, and default handling — not the contract itself, argues Chris Tyrer, President of Bullish Exchange.
The world’s largest custodian will keep its existing system while adding a digital ownership record for tokenized funds.
Emirates has launched Crypto.com Pay on its website and app, allowing eligible UAE residents to book flights using cryptocurrencies, with payments settled in dirhams handled by Crypto.com’s conversion services. The process involves mobile users authorizing payments through the Crypto.com app or desktop users scanning a QR code, and neither company indicated plans for expansion beyond the UAE. This move follows Crypto.com’s receipt of a UAE central bank SVF license, which permits the company to hold customer funds and process crypto payments under regulatory oversight. Emirates’ latest step aligns with a broader trend of regional airlines adopting crypto payment options, following Air Arabia’s acceptance of a dirham-backed stablecoin.
Russia’s FSB has announced that Telegram founder Pavel Durov is wanted internationally and faces a terrorism-related charge, alleging that Telegram failed to remove harmful channels used by terrorist groups and Ukrainian intelligence for attack coordination and cyber fraud. Durov has previously stated that Russian authorities are using the investigation to pressure Telegram and restrict access to free speech and privacy. In addition to the Russian case, Durov is also under a separate criminal investigation in France over alleged illegal activity on Telegram, though French travel restrictions on him have been lifted. The FSB's statement was reported by Interfax.
Your day-ahead look for July 29, 2026
BTC added 0.75% before the Federal Reserve's rate decision. Inflation at 4.1% keeps an increase firmly on the table even as oil prices ease.
According to a CoinGecko study cited by Cointelegraph, the market capitalization of tokenized traditional assets on crypto exchanges grew from $1.4 billion in January 2025 to $6.6 billion in June 2026, reflecting nearly a fivefold increase over 18 months. The growth was initially driven by tokenized precious metals before expanding into US stocks, with US stock perpetual futures surpassing precious metals in trading volume and open interest by mid-2026. The report notes that derivatives, particularly perpetual futures, dominate trading activity because traders prefer leveraged products and exchanges can list contracts without holding the underlying assets. This expansion is part of a trend where centralized exchanges are diversifying beyond digital assets to include tokenized stocks, commodities, and precious metals, with increasing interest from institutional investors, as highlighted by related market projections and partnerships.
The crypto exchange unveils commodity options following strong uptake for gold and silver perps.
The bitcoin miner reached a market valuation of roughly $2.8 billion based on its 44.9 million shares outstanding.
Hungary has repealed its previous crypto validator requirement, which mandated third-party approval for certain crypto conversions, in response to disruptions in its crypto market caused by earlier regulations, according to Ado.hu. This regulation was introduced through Hungary's 2024 crypto assets law and took effect on July 1, 2025. The move follows the granting of Hungary’s first MiCA license to CoinCash, which was authorized by the National Bank of Hungary on July 20, 2023, to provide various digital asset services. CoinCash had paused operations earlier while complying with regulatory requirements and now plans to gradually resume services and expand under the new regulatory environment.
The charges could result in life imprisonment, escalating an investigation that has already led to over 100 million rubles in fines for the platform this year.
Gabriel Perez, a White House teleprompter operator accused of profiting from Kalshi bets linked to President Donald Trump’s speeches, is no longer employed by the federal government, according to the Associated Press. Perez was placed on unpaid leave earlier this month amid allegations that he used nonpublic information to make over $100,000 in betting profits, as reported by ABC News. Kalshi’s surveillance team detected the suspicious activity and reported it to the US Commodity Futures Trading Commission. The platform explicitly prohibits trading based on employment-related nonpublic information.
Perps are a trojan horse to bring all of traditional finance onchain, argues Brian Smith, president of the Jito Foundation.
The UK Financial Conduct Authority’s (FCA) Stablecoin Sprint found that cross-border payments are seen as the most immediate and significant use case for stablecoins, especially in emerging markets with limited US dollar access, as industry participants indicated. However, domestic retail adoption in the UK is expected to be limited because current payment systems are already fast and inexpensive, providing little incentive for consumers to switch. Nonetheless, merchants could benefit from lower costs and faster settlement times. The FCA’s final rules, published on June 30, require UK-issued stablecoins to be fully backed by reserves and redeemable at par, and the feedback gathered will influence future policy on stablecoin payments.
Markets price a hold at Wednesday's decision, but a real minority sees a surprise hike, with Citadel Securities and UBS among those flagging the risk.
The mark price fell 19% on a single pre-market trade in Korea. The company says its oracle worked exactly as designed.
Citadel's macro team says Wednesday's hike isn't about the data. It's about Warsh's best shot at making a surprise actually count before the market stops being surprised.
SK Hynix fell 17% after profit rose 557% and still missed estimates. Bitcoin is up 1%, and the Fed decides rates today.
Trade.xyz stated it will reimburse eligible traders after a price anomaly in its SK Hynix perpetual contract caused the mark price to fall nearly 19%. The contract’s price dropped from $1,127.90 to $917.25 at 23:01 UTC on Monday, due to an external market transaction feeding into the oracle, which tracks SK Hynix’s US dollar value by converting Korean won prices. Trade.xyz confirmed its oracle functioned as designed and acknowledged traders' frustration, describing the reimbursement as a "one-time discretionary decision" while reviewing how prices are formed during extreme market events. The SK Hynix contract is among Hyperliquid’s most active markets, with over $1.5 billion in 24-hour volume. The platform did not specify how many traders will receive reimbursements or the total amount expected to be distributed.
South Korea's Financial Services Commission (FSC) plans to introduce a consolidated Digital Asset Basic Act that would regulate stablecoins, digital asset business rules, and exchange requirements, aiming to address delays caused by disagreements over ownership and liquidity standards, as reported by Edaily. Currently, South Korea has ten pending bills related to digital assets, and the proposed government-backed bill could serve as a central framework for legislative negotiations. Separately, opposition lawmakers are preparing to review a bill that would abolish the country's crypto income tax, scheduled to take effect in 2027, arguing it is unfair to tax crypto income while most stock investors remain exempt. The tax, set to impose a 20% rate plus a 2% local income tax on certain crypto transfers, has garnered significant opposition and a petition with over 50,000 signatures.
Tether announced that it signed a memorandum of understanding with the Nairobi Securities Exchange to explore the use of tokenized securities, blockchain-based market infrastructure, and the potential application of USDT as a digital settlement layer, contingent on Kenyan regulations. The agreement includes plans to assess blockchain-based infrastructure, digital asset education, and real-world asset tokenization, possibly utilizing Tether’s Hadron tokenization platform for issuing and trading securities. The memorandum also emphasizes evaluating instant settlement mechanisms and the use of USDT for settlement purposes. This development aligns with the growing interest in tokenized real-world assets, which have a total onchain value of about $36.8 billion, excluding stablecoins, according to RWA.xyz.
Zcash researchers have completed formal verification of their Ironwood shielded pool, publishing a machine-checked proof consisting of over 2,700 theorems, which confirms the absence of undetectable counterfeiting bugs under its stated cryptographic assumptions. The proof, created over more than a month by three teams of cryptographers using the Lean programming language, primarily establishes the balance integrity property, ensuring the pool cannot pay out more value than has entered it publicly. This effort follows Ironwood’s introduction via Zcash’s NU6.3 upgrade, which addressed a previously discovered vulnerability that could have enabled undetectable ZEC counterfeiting. The new shielded pool aims to restore confidence in Zcash’s supply integrity, with funds migrating through a public checkpoint known as a turnstile to prevent excess coin entry.
RL1, a cooperative blockchain network established by ten European financial institutions including ABN AMRO, DekaBank, and Natixis CIB, began operations as a European Cooperative Society in Luxembourg, according to Cointelegraph. The private, permissioned network was developed on infrastructure transferred from German fintech Secure Worldwide Interbank Asset Transfer (SWIAT), which had processed over 50 transactions worth more than 700 million euros during three years of use. RL1 is designed for regulated financial markets and tokenized assets, supporting institutional use cases such as digital money and blockchain-based settlement, with the aim of reducing fragmentation among financial institutions’ separate distributed ledger systems. The network, led by former SWIAT Managing Director Henning Vollbehr, is in discussions with additional institutions about joining.