Poolin’s $52m asset sale leaves 11,700 users short of $163m
Poolin filed Chapter 11 with $52m of signed offers against $163.7m owed to 11,700 wallet holders frozen since 2022 - 31.8% gross, before any cost is deducted.
Karthik Subramanian
Digital Assets Correspondent
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem. He covers token economics, L1/L2 infrastructure, DeFi protocols, wallets/custody, and the bridge between crypto and forex—broker technology, liquidity, and macro drivers. Karthik’s writing focuses on clear, practical frameworks that help professionals evaluate new products and on-chain innovation alongside FX market realities.
July 2026
Bitcoin miners sold 32,000 BTC as price holds below production cost
BTC sits 18% below JPMorgan's $78,000 production cost estimate.
Tenor raises Variant-led seed for fixed-rate onchain lending
Tenor raises a Variant-led seed for non-custodial fixed-rate onchain lending — built on Morpho, the second major product this month to route through it.
Kraken parent takes xStocks to Hong Kong, UK and Seoul
Payward extends xStocks to Hong Kong, UK and Seoul listings with GTN — a fix for the 24/7 market that stops trading when Wall Street closes.
Robinhood Chain hits $700m as RWAs stay under 10% of assets
Robinhood Chain hit $700m in on-chain assets three weeks after launch, but tokenised RWAs sit under 10% while one Morpho vault holds 64% of value locked.
HTX rotates wallets every few hours to dodge UK screening
TRM Labs says sanctioned exchange HTX retires addresses every few hours across four chains, leaving static list screening largely ineffective.
BIS finds stablecoin flows shrug off capital controls
BIS Working Paper 1370 tested 130+ economies and found dollar stablecoin inflows barely react to capital controls, while FX deposits do.
Grayscale files for a Worldcoin ETF as WLD sits 97% off its high
Grayscale filed for a spot Worldcoin ETF on Nasdaq under the ticker GWLD on July 20, 2026 - a wrapper for a token 97% off its high and thinly traded.
DTCC runs first live tokenised trades with 30+ Wall Street firms
DTCC processed its first live tokenised equity, Treasury and repo trades with BlackRock, JPMorgan and 30+ firms. Volume, not architecture, is now the open question.
Australia ends the 50% crypto CGT discount from July 2027
Australia replaces its 50% CGT discount with indexation and a 30% floor from July 2027, forcing dual-basis tracking as Japan cuts crypto tax to 20%.
SBI closes Coinhako deal as JPYSC stays locked to one venue
SBI completed its Coinhako majority buy after MAS approval. But its own spokesperson says JPYSC cannot yet leave SBI's exchange - so what did SBI buy?
Allbridge loses $1.65m to the same flaw that hit it in 2023
Allbridge Core lost $1.65m to flash-loan pool manipulation, the same vector as 2023. Why cheap, repeat bridge exploits are the hardest class to close.
Bitcoin to $58,000 by Q3 2026: the ETF flow-gap case
Bitcoin to $58,000 by September 30, 2026. Spot ETFs snapped an eight-week outflow streak with $197m — just 2.4% of the $8.26bn that left.
Swift ledger goes live with 17 banks on tokenised deposits
Swift's blockchain ledger is live with 17 banks across six continents. The design choice matters: it orchestrates tokenised deposits rather than settling them.
HSBC clears Gate 2 to run live UK digital gilt rails
HSBC Orion is the first firm approved by the Bank of England to run a live digital securities depository, covering DIGIT — the UK's planned digital gilt.
Galaxy curates Morpho vaults for 2,400 Fireblocks clients
Galaxy Curator brings institutional vaults to Morpho via Fireblocks Earn. The curator picks the risk; the depositor still holds it at protocol level.
Marex clears first USDC-margined US derivatives trade
Marex enabled USDC as initial margin for US derivatives clearing. The CFTC letter also allows BTC and ETH - haircut maths explains why neither was used.
Citadel doubles down: $400m Crypto.com stake at $20bn
Citadel Securities invested $400m in Crypto.com at a $20bn valuation — double its November Kraken cheque, and a bet on tokenised securities and derivatives.
Also filing this week: Rick Steves and Abdelaziz Fathi.