Crypto Industry News & Market Trends

Starting Grid For The 2026 F1 Hungarian Grand Prix After Penalties

BUDAPEST, HUNGARY – JULY 25: Pole position qualifier Lando Norris of Great Britain and McLaren celebrates on arrival in parc ferme during qualifying ahead of the F1 Grand Prix of Hungary at Hungaroring on July 25, 2026 in Budapest, Hungary. (Photo by Bryn Lennon – Formula 1/Formula 1 via Getty Images)　　Formula 1 via Getty Images　　Lando Norris of McLaren topped the timesheet in Saturdays qualifying at the Hungarian Grand Prix, securing his first pole position of the season.　　The defending champion clocked a lap time of 1m 17.207s on his final attempt, enough to beat Ferraris Lewis Hamilton to pole by only twelve thousandths of a second.　　After claiming a front-row start, Hamilton was later handed a three-place grid penalty for impeding Oscar Piastris McLaren, which dropped him down to fifth on the grid.　　The penalty moved Charles Leclerc up into second place for Ferrari, with Piastri in third and Max Verstappen of Red Bull starting in fourth after initially netting sixth.　　ForbesWhat Time Is The 2026 F1 Hungarian Grand Prix？ Heres How To WatchBy Yara Elshebiny　　Current championship leader Kimi Antonelli has also been penalized with a three-place grid penalty for not slowing sufficiently for the yellow flags triggered by Verstappens spin at the final

07-25Industry

NYT ‘Connections’ Hints And Answers For Sunday, July 26

Todays Connections　　Credit: NYT Erik Kain　　Welcome back, Connectioneers! If you‘re looking for help with today’s puzzling NYT Connections puzzle, Im here to offer my assistance with some extra clues and the solutions to the Yellow, Blue, Green and Purple groups.　　Alright, alright, alright. Sunday Connectioneers, I hope you‘re not working too hard. It’s a day designed by the celestial powers that be for sitting around and soaking up the sun. Head to the beach, but bring your NYT Games App with you and let‘s solve today’s Connections!　　Also be sure to check out my weekend streaming guide for all the best TV shows and movies to watch this weekend. Theres some great new stuff out, both at home and in theaters.　　ForbesWhat To Watch This Weekend: New Shows And Movies To Stream On Netflix, Hulu, Prime Video, Apple TV And MoreBy Erik Kain　　Lets do this!　　If you‘re looking for Saturday’s Connections guide, its right here.　　Play Puzzles & Games on Forbes　　How To Play Connections　　Connections is the second-most popular NYT Games puzzle game outside of the main crossword itself, and an extremely fun, free offering that will get your brain moving every day. Play it right here.　　The goal is to take a group of 16 words and

07-25Industry

8x faster than US cash: The $1T network settling millions while banks sleep on weekends

Stablecoin supply has roughly doubled since January 2024, while entity-adjusted transaction volume has grown fourfold to fivefold, according to Coinbase Institutional, opening a wide gap between the amount of dollar liquidity held onchain and the volume of activity that liquidity supports.　　Market capitalization records the stock of stablecoins in circulation, which captures available liquidity, reserve demand, and issuer scale. Transaction throughput, on the other hand, records how intensively those tokens move through exchanges, payment systems, treasury accounts, and settlement workflows.　　A system holding $500 billion that moves infrequently offers greater capacity than one holding $250 billion, but the smaller system can support more economic activity when each dollar changes hands repeatedly. Stablecoins are now moving toward that second model, where network value increasingly reflects how much can be settled with the existing pool of digital dollars.　　Coinbases indexed comparison shows the shift clearly: stablecoin market capitalization has roughly doubled from its January 2024 level, while adjusted transaction volume has grown several times faster. Monthly adjusted volume has climbed from a few hundred billion dollars in 2023 to well above $1 trillion in recent months, indicating that each unit of supply is circulating more frequently.　　Supply captured stablecoins exchange era　　Market capitalization became the standard adoption

07-25Industry

Triple-A Suffers Suspected $9.7M Wallet Exploit.

Triple-A reportedly lost over $9.7M after attackers drained hot wallets across multiple chains.Stolen assets were swapped and bridged to Ethereum before consolidation into one wallet.Triple-A had not confirmed the breach or disclosed whether customer funds were affected.　　Triple-A, a crypto payment infrastructure provider, has reportedly suffered a suspected hot wallet exploit that drained more than $9.7 million across multiple blockchain networks.　　Blockchain security firms and on-chain analysts said the stolen assets were swapped, bridged to Ethereum, and consolidated into a single wallet, while the company had not confirmed the incident at publication.　　Security Researchers Trace Funds Across Multiple Networks　　On-chain analyst Specter first identified suspicious transactions involving wallets linked to Triple-A. The analyst initially estimated losses exceeding $9.3 million before later updates pushed the suspected total above $9.7 million.　　Blockchain security firm PeckShield later confirmed the findings. It reported that attackers drained crypto assets from hot wallets operating across TRON, Ethereum, Polygon, and Arbitrum.　　Earlier tracking also linked the suspicious activity to Solana and TON, suggesting the compromise affected multiple blockchain ecosystems.　　According to investigators, the attacker rapidly swapped the stolen assets before bridging them to Ethereum. The funds were then consolidated into a single Ethereum address holding approximately 5,227 ETH, valued at roughly $9.7 million during

07-25Industry

What Is the STABLE token for？ The value-accrual test

StableChain‘s product is Tether’s dollar: gas in USDT, transfers in USDT, yield in USDT. Its native token does none of that, and holders own governance and staking rights over a network whose every cash flow is denominated in someone else‘s asset. This is crypto’s value-accrual question in its purest form yet, and it deserves a straight answer.　　SummarySTABLE is the native token of StableChain, the Tether-ecosystem Layer 1 whose defining feature is that users never need it: gas is paid in USDT0, transfers settle in USDT, and simple sends are free.The token‘s stated jobs are governance and security: holders vote on protocol matters through the Stable Foundation’s framework, and validators stake STABLE to secure the network, earning rewards for doing so.The design is deliberate and principled: a payments chain needs a stable fee asset, and separating the security bond from the payment medium is the dual-token architectures entire point.The uncomfortable corollary is equally deliberate: a token the product never touches must find its value in security demand, governance rights, and any future claim on the networks USDT-denominated fee flows, the fee-switch question.Whether that is enough is the purest version of the debate this publication has tracked across Ethereum, XRP, and the

07-25Industry

Bitcoin ETF trading slumps to weakest full week since October 2024

US spot Bitcoin ETFs traded about $8.05 billion over five sessions through Friday. Thats the slimmest full week for these funds since October 2024.　　Ether products, meanwhile, drew in fresh cash for a third straight week.　　Bitcoin ETF volume hits a nine-month low　　SoSoValue data shows thats a 14% drop from $9.37 billion the previous week. April 2025 had lower weekly volume, but that stretch only ran four sessions. US markets were closed for Good Friday. Against full five-day weeks, this is the lowest turnover since the week ending October 11, 2024.　　BTC spent most of the week trading around $64,000, well off the highs seen late last year. Activity slowed with little price movement for traders to work with.　　Bitcoin funds saw net inflows of about $33.8 million for the week. Thats three weeks of inflows now, after a record eight-week run of outflows ended in early July. It was the weakest of the three weeks, coming after $75.7 million the week before and $197.4 million before that.　　Underneath that headline number is a sharp reversal. By Wednesday, the funds had attracted about $499.1 million. Investors pulled $225.2 million on Thursday and another $240.1 million on Friday. That wiped out most of the weeks gains.　　BlackRock‘s

07-25Industry

Trump Sends Blue Jays Message After Wager With Canada PM Mark Carney

TORONTO, ON – OCTOBER 23: (L-R) Canadian Prime Minister Mark Carney, Toronto Blue Jays Manager John Schneider, Toronto Blue Jays President & CEO Mark Shapiro and Toronto Blue Jays Executive Vice President, Baseball Operations & General Manager Ross Atkins talk in the dugout during World Series Workout Day at Rogers Centre on October 23, 2025 in Toronto, Ontario, Canada. (Photo by Vaughn Ridley/Getty Images)　　Getty Images　　The Toronto Blue Jays came within one win of capturing another World Series championship, pushing the defending champion Los Angeles Dodgers to the limit in a dramatic seven-game Fall Classic that drew attention well beyond long-time baseball fans.　　Among those closely following every pitch was President Donald Trump, who welcomed the Dodgers to the White House on Thursday to celebrate their title. During the ceremony, Trump reflected on the series and revealed there was more at stake than simply watching one of baseballs biggest events.　　ForbesBraves Boss Offers Donald Trump A Roster Spot After PresidencyBy Peter Chawaga　　President Donald Trump Reveals Toronto Blue Jays Stake With Canadas Prime Minister　　Speaking during the White House celebration, Trump said he had discussed a wager with Canadian Prime Minister Mark Carney while following the championship series.　　“That World Series against the Toronto Blue Jays

07-25Industry

Hyperliquid Whales Stake $204M in HYPE: Whats Next for Price？

Whales staked $204M in HYPE tokens within 24 hours as price tests key support near $57. See what the charts reveal for HYPE next.　　Whale wallets tied to Hyperliquid have staked more than $204 million worth of HYPE tokens within 24 hours.　　One whale, spread across 19 separate wallets, staked 2.93 million HYPE worth roughly $172 million. Those tokens were bought nine months ago at an average price of $44, and the position now holds close to $44.5 million in unrealized profit.　　Instead of selling, the wallet moved the entire stack into staking.　　A second whale added another $32.87 million after receiving 557,902 HYPE through FalconX and staking the full amount on Hyperliquid.　　Hyperliquid Whale Wallets Choose Staking Over Selling　　On-chain trader Wise Crypto flagged the activity on X, noting that the scale of the staking stood out given the size of the unrealized gains involved. The first whales 19-wallet structure suggests a deliberate effort to spread holdings rather than concentrate risk in one address.　　Whale conviction on $HYPE just hit another level.　　A single whale (spread across 19 wallets) staked 2.93M $HYPE worth $172M on Hyperliquid over the last 24 hours.　　Nine months of holding through market swings, followed by a decision to stake rather than cash out,

07-25Industry

Who pays for free crypto transfers？ The five answers

Stable exempts USDT transfers from gas. Plasma ships zero-fee sends. Sui made stablecoin transfers free at the protocol level. Every coverage of every launch asks the same question in passing, someone still pays for blockspace, and then moves on. This guide stops and answers it: five funding models, their failure modes, and how to tell which one your free lunch runs on.　　SummaryA wave of chains and wallets now offer gasless stablecoin transfers: Stable‘s protocol-level exemption for USDT sends, Plasma’s zero-fee transfers, Suis free stablecoin operations, fee delegation on BNB Chain, and wallet-level subsidies on Tron.Free is a price, not a cost: validators still expend hardware, bandwidth, and stake to process every transaction, so gasless designs are answers to one question, who pays instead of the user, and there are exactly five answers.The five models: token-holder dilution through emissions, foundation treasuries burning finite war chests, cross-subsidy from paid transaction tiers, patron sponsorship funded by an adjacent business, and application-level paymasters passing costs to merchants and apps.Each model has a signature failure mode, from inflation death spirals to subsidy cliffs, and each embeds a priority structure: on Sui, paid transactions outrank free ones under congestion, which is what a free tier actually

07-25Industry

Charles Hoskinson: Ethereum Is Copying Cardanos EUTXO Model Without Credit

Key TakeawaysEthereum Foundation researcher Toni Wahrstätter proposed native UTXOs that could cut permanent state use by 99.8%.Charles Hoskinson said the proposal copies Cardanos decade-old EUTXO model without credit.The proposal remains in research phase, with no formal Ethereum Improvement Proposal (EIP) filed yet.　　A New Ethereum Proposal Reignites an Old Feud　　Ethereum Foundation researcher Toni Wahrstätter published a proposal introducing native unspent transaction outputs (UTXOs) as one-shot payment objects on Ethereum, meaning the objects would exist only temporarily rather than creating permanent account records. Wahrstätter wrote that the model could reduce permanent state use by roughly 99.8% for payment workloads that do not require persistent state, a significant efficiency gain for a network that has struggled with long-term state bloat.　　Image source: X　　The proposal builds on Ethereum‘s upcoming Frame Transactions standard, EIP-8141, and aligns with co-founder Vitalik Buterin’s Lean Ethereum roadmap, an initiative aimed at simplifying the networks architecture and slowing state growth. The proposal remains in the research phase, and no formal Ethereum Improvement Proposal (EIP) has been filed.　　Hoskinson responded quickly, arguing that the concept mirrors work Cardano has spent roughly a decade developing. He also noted earlier this month:　　Its literally a crime in the Ethereum inner circles to mention Cardano. EUTXO is

07-25Industry

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