This week’s project developments span token sales, shutdowns, hacks, protocol upgrades, and new product launches across crypto and adjacent sectors. Robinhood Chain reached $700 million in onchain assets three weeks after launch, with $430 million in stablecoins and about $500 million in TVL. Worldcoin Foundation sold 217.4 million WLD to institutions including Pantera Capital for about $52.5 million, implying a price near $0.24 per token, roughly 36% below the current market price, with a one-year lock-up. Movement has filed for bankruptcy after its onchain apps generated less than $800 in daily revenue for an extended period since last November, while daily chain fees stayed in the single digits and were just $1 over the past 24 hours. In another major incident, Wanchain’s Cardano bridge was hit by a suspected exploit that moved roughly 515 million NIGHT, valued at about $9 million, out of the bridge vault. Elsewhere, Stripe is in advanced talks to acquire OpenRouter at a valuation that could reach $10 billion. Odos said it will shut down operations and permanently close all services on July 30. Uniswap introduced a v4 Hook standard for permissioned pools, LayerZero partnered with Keeta on tokenized bank-deposit transfers, PumpFun’s developer posted a growth leadership role with a base salary of up to $1 million, and Jito launched the self-custodial Solana trading platform JTX.

Real-world asset markets expanded again in the latest weekly review, with on-chain RWA capitalization rising to $36.82 billion as of July 24, 2026, according to RWA.xyz, while the number of holders climbed to 1.2541 million after a monthly net increase of more than 300,000. Stablecoins showed a more mixed picture: total market capitalization edged up to $298.75 billion, but monthly transfer volume fell 24.95% to $5.19 trillion, even as total holders increased to 276 million. On the policy front, the U.K. is preparing for a first blockchain-based gilt issuance in 2027, though progress still hinges on compliant GBP stablecoin infrastructure. South Korea, meanwhile, published a won internationalization roadmap, advanced second-stage digital asset legislation tied to stablecoins, and expanded CBDC-related payment infrastructure into private-sector use cases. At the company and product level, HSBC joined the U.K.’s Digital Securities Sandbox, BNY Mellon outlined plans for round-the-clock U.S. Treasury settlement by 2027, Mubadala Capital partnered with Coinbase on a tokenized private equity fund, and Ondo said its regulated broker-dealer subsidiary Oasis Pro Markets had received authorization to offer tokenized securities services in the U.S. In Hong Kong, local media reported that Anchorpoint, backed by Standard Chartered (Hong Kong), could announce its HKD-pegged stablecoin HKDAP as early as the end of this month.

A heavy stream of crypto and AI developments landed between July 23 and July 24, led by BitMEX’s decision to shut down on Sept. 23 and the collapse in its exchange token BMEX, which market data showed fell 99.69% at one point as liquidity tightened. Arthur Hayes later said he was deeply proud of what had been built, while Bubblemaps said 75% of BMEX allocations had never circulated on-chain. Vanar also unveiled a major strategic reset, saying it will move to Base, focus on an AI Organizations economy, migrate existing VANRY holders on a 1:1 basis and lift total supply from 2.4 billion to 10 billion tokens, with 62% still locked during the transition and new allocations vesting over 60 months after a cliff period. Institutional tokenization also moved forward. Mubadala Capital said it is working with Coinbase and KAIO on a blockchain-native version of its long-term private equity fund for qualified investors, with Coinbase set to use Base as one of the token networks and to purchase the token for its own balance sheet. Michael Saylor separately announced the launch of the Bitcoin Security Consortium, backed by a three-year $15 million commitment and founding members including Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy. Elsewhere, Ondo Finance said Oasis Pro Markets had received authorization to offer regulated tokenized securities services in the U.S., Uniswap introduced permissioned pools on v4, and a long list of market, policy, security and AI infrastructure updates continued to reshape the day’s flow.

LayerZero has announced a partnership with Keeta to support the movement of tokenized commercial bank deposits across Keeta Network, Ethereum, Solana, and Base. The companies said the setup is designed as cross-chain settlement infrastructure for institutional users. According to the announcement, LayerZero’s omnichain interoperability protocol will be combined with Keeta’s compliance infrastructure to support treasury management and payment use cases. The product, branded as Keeta Stablecoins, is backed by commercial bank deposits held in custody by Bivo, a U.S.-licensed fintech platform. The companies said this structure differs from traditional stablecoins because the tokens correspond to real commercial bank deposits. Issuers will also be able to retain control of their contracts through LayerZero’s Omnichain Fungible Token, or OFT, standard. Keeta Stablecoins are scheduled to launch later this month, with U.S. dollar support first, followed by euro, yen, yuan, pound sterling, Canadian dollar, Mexican peso, UAE dirham, and Hong Kong dollar.

Kalshi funds a new advocacy group, Americans for Fair Markets, with former deputy White House chief of staff Taylor Budowich as strategic advisor. The group aims to influence federal prediction market policy and counter pressure from casinos and state regulators.

Kalshi is backing Americans for Fair Markets and brought in former White House aide Taylor Budowich as strategic advisor, stepping up its policy push against sportsbook and casino opposition to prediction markets.

As of Dec 31, 2021, Bitcoin Treasuries data shows 59 companies, 5 countries, and 14 ETFs hold 1,499,493 BTC (7.14% of supply). MicroStrategy leads with 122,478 BTC, Grayscale holds 648,069 BTC. Bulgaria's 213,519 BTC stash remains controversial.

As of end-2021, Bitcoin Treasuries data shows 59 companies, several countries, and ETFs hold ~1.499M BTC (7.14% of supply). MicroStrategy leads with 122K BTC, Grayscale Bitcoin Trust holds 648K, but Bulgaria's 213K stash is disputed.