Coinbase sees Bitcoin accumulation collide with Q3 macro pressure

Coinbase Institutional and Glassnode have maintained a neutral Q3 2026 crypto outlook as a 12% quarterly market contraction clashes with early signs of Bitcoin accumulation.  SummaryCoinbase and Glassnode maintain a neutral Q3 outlook despite early Bitcoin accumulation signals.Weak ETF demand and rising leveraged longs leave crypto vulnerable to renewed selling.Hawkish Fed policy and geopolitical tensions continue to restrict market liquidity.  Coinbase Institutional Research and Glassnode based the outlook on more than 25 charts covering onchain activity, institutional flows, macro conditions and cross-asset correlations. Their joint “Charting Crypto Q3 2026” report argues that improving Bitcoin data has not yet overcome pressure from tighter liquidity, geopolitical tensions and weak exchange-traded fund demand.  Released on July 24, the report shows that the total crypto market capitalization, excluding stablecoins, fell about 12% during the second quarter. Stablecoin supply reached record levels during the same period, which Coinbase and Glassnode interpreted as a sign that some sellers moved into dollar-linked tokens instead of withdrawing from the crypto market completely.  Bitcoins relationship with traditional assets also changed sharply. According to the report, its 90-day correlation with the S&P 500 dropped to 0.12 from 0.58 in the fourth quarter of 2025, while its correlation with gold climbed to 0.57.  Coinbase Institutional and

07-25Industry

Samsung Expands Wallet Strategy With Upcoming Stablecoin Integration

Samsung plans stablecoin support for Galaxy Wallet as it expands blockchain services and crypto partnerships.  Tech giant Samsung is preparing to add stablecoin support to Samsung Wallet, marking another step in its growing digital asset strategy. The company shared the plan during its Galaxy Unpacked event but stopped short of revealing technical details or a launch timeline. Even with limited information, the announcement signals Samsungs intention to make digital payments and blockchain services a bigger part of its mobile ecosystem. Recent partnerships and investments also show that crypto remains a long-term focus for the technology giant.  Stablecoin Support Planned for Galaxy Wallet as Crypto Strategy Expands  Samsung said the Samsung Wallet will support stablecoins as part of its next stage of development. Company executives described the feature as a way to combine payments, rewards and digital assets within one mobile experience. Product manager Lee Dinham said Samsung aims to become one of the first major smartphone brands to provide native stablecoin functionality, allowing users to transfer digital value directly from Galaxy devices.  Few technical details accompanied the announcement. The company has not identified supported stablecoins, blockchain networks or reserve-backed assets. Regional availability also remains unknown, while the firm has yet to announce a release

07-25Industry

John Cusack‘s New Graphic Novel ’Momo Is The Surreal Thing

Actor John Cusack and his new graphic novel Momo (Mad Cave Studios 2026), debuting at San Diego Comic-Con July 24, 2026.  Courtesy of Mad Cave Studios, art by Ignacio Noé  When celebrities do graphic novels, it is usually a way to extend their brand. Pearl Jams Mike McCready does a graphic novel about the early grunge scene in Seattle. Keanu Reeves does a graphic novel about an unstoppable warrior on a killing spree. Great British Bakeoff finalist Kim Joy does a graphic novel involving baking, and so on.  But actor John Cusack didnt seem to get the memo, unless his brand is some previously unsuspected combination of Don Delillo, Hunter S. Thompson and Mark Leyner (who wrote the foreword), filtered through mid 90s-era Grant Morrison. His new graphic novel Momo (Mad Cave Studios, due out September 29, 2026), beautifully illustrated by Argentine artist Ignacio Noé, would be ambitious even if attempted by a longtime practitioner of the form. For a debut, from someone new to the medium, it is truly out of left field.  “It‘s not ’on brand,‘” said Cusack in an interview ahead of his Comic-Con panel to launch the book on Friday, July 26. “It’s more like a brand-buster.”  Momo in its simplest

07-24Industry

World Turns Three: Sam Altman-Backed Project Launches Phase 3 to Drive Real-World Utility

Key TakeawaysWorld shifted from token rewards to utility-based growth, enabling human verification for apps and AI agents.World will build network density in core markets like the US and Japan to maximize real-world utility.World ID 4.0 will monetize its 18 million user base by charging apps for credentials, boosting sustainability.  Sam Altmans World Reaches Third Phase of Expansion  World, the controversial Sam Altman-backed biometric proof of human initiative, has turned three and has announced the start of a new phase in its development.  The project stressed that its human-certified network proposal is now stronger than ever in an age where artificial intelligence (AI) agents are now “booking travel, writing code, closing support tickets, going on dates.”  In the third phase of its so-called “Simple Plan”, World is focusing on building utility for the real human network, introducing its World ID capabilities towards three key sectors: enterprises, people, and even agents, partnering with category leaders to build use cases implementing its verification tech.  These use cases include verification of people for sensitive digital interactions, including Zoom calls; verification of human participation behind online profiles in social networks like Tinder and events like concert sales; and the introduction of identification for AI agents that have human-in-the-loop verifications and

07-24Industry

CLARITY Act splits Wall Street and crypto as Goldman Sachs breaks with banks and Charles Hoskinson backs Warren

The revised CLARITY Act is exposing unusual divisions across Wall Street, Washington and the crypto industry as lawmakers struggle to build support for a Senate vote.  Senate Republicans this week released a new draft that would bar the president and other federal officials from issuing or sponsoring digital assets.  The changes have drawn sharply different reactions from influential figures across finance and crypto.  Goldman Sachs Chief Executive David Solomon reportedly urged Congress to advance the sweeping market-structure bill despite disagreements within the banking industry over provisions that could intensify competition for deposits.  Cardano founder Charles Hoskinson, meanwhile, has sided with Sen. Elizabeth Warren on one of the bills most contentious political issues, arguing that President Donald Trump should stay out of crypto markets while in office.  The contrasting positions underline the complicated coalition surrounding CLARITY as senators seek compromises on stablecoin rewards, government ethics and financial regulation, with the bills path to passage narrowing.  Goldman Sachs breaks with banking opposition  In a recent interview, Solomon took a different position from major banking groups that want lawmakers to tighten the bill before it advances.  The banking executive told Politico he was “very supportive” of moving the legislation forward to establish a market structure and allow innovation to develop. While

07-24Industry

Tech Giants Urge Congress to Back Open AI Models Over Limits

Major technology companies have intensified efforts to shape U.S. artificial intelligence policy by urging lawmakers to support open AI models instead of imposing broad restrictions. Nvidia, Microsoft, Meta, IBM, and several other organizations jointly argued that open development encourages competition, lowers costs, and strengthens innovation.  Their appeal arrives as policymakers debate stricter oversight following growing concerns about cybersecurity, model misuse, and foreign competition. Consequently, the discussion now centers on balancing innovation with national security while preserving Americas leadership in artificial intelligence.  Industry Letter Pushes Open Development  Nvidia CEO Jensen Huang joined leaders from more than two dozen companies in signing a letter urging Congress to avoid sweeping limits on open AI models. Besides promoting innovation, the group argued that developers and researchers benefit from transparent systems that improve through continuous public testing. Moreover, the letter maintained that targeted legal protections offer a better solution than broad restrictions addressing technology theft.  Growing Policy Debate Continues  However, lawmakers continue weighing stronger safeguards after recent cybersecurity concerns involving advanced AI systems. Additionally, the Trump administration reportedly considers measures targeting some Chinese open-model developers over intellectual property concerns.  Hence, technology companies believe open models can improve security because independent experts identify weaknesses faster while organizations maintain greater control over deployment

07-24Industry

Institutional crypto trading platform LMAX is exploring sale, IPO

SummaryInstitutional trading platform LMAX is working with advisers Morgan Stanley and Stifels investment bank, KBW.Options being considered include a potential sale, SPAC merger or an IPO, according to people familiar.The London-based firm has expanded rapidly in recent months, introducing a 24/7 multi-asset exchange and securing a $150 million strategic investment from Ripple tied to institutional stablecoin adoption.  Institutional crypto trading platform LMAX Group is working with Morgan Stanley (MS) and investment bank KBW, part of Stifel (SF), to evaluate strategic options, according to three people familiar with the matter.  The company is exploring a sale or public listing that could value the business at up to $5 billion, the people said, speaking on condition of anonymity because the discussions are private.  While all options remain on the table, including a sale, SPAC merger and IPOs in the U.S. or Europe, a Nasdaq listing is currently the preferred route, one of the people said.  The company is in no rush to go public as crypto markets remain weak, with its core foreign-exchange business providing insulation from the downturn, another person said.  A company spokesperson said LMAX declines to comment on speculation. Morgan Stanley declined to comment. Stifel didnt respond to a request for comment by publication

07-24Industry

Galaxy cuts Clarity Act passage odds to 30%, says bill needs 'last-ditch effort'

Quick TakeSeven Democratic negotiators say the latest draft still falls short on ethics, consumer protections and market integrity.Major crypto trade groups are pressing Senate leaders to begin floor consideration before the August recess.  Galaxy Research has cut its estimate of the odds that the Clarity Act becomes law in 2026 to 30%, down from 50% less than a month ago, as the Senate races to advance the crypto market structure bill before its August recess.  Galaxys head of research, Alex Thorn, said the firms latest downgrade is based on the closing window of time before lawmakers leave Washington. While Senate negotiators finally released the Clarity Act text this week, Thorn said the coalition needed to pass the bill is “not visibly in place” and argued it needs a “last-ditch effort” and a legislative “grand bargain” to reach President Donald Trumps desk.  “The calendar is no longer merely an obstacle. It is now the enemy,” Thorn wrote, citing opposition from a handful of Democrats, uncertainty over Republican support and just days remaining to begin the floor process if the bill has any chance of becoming law this year.  Galaxy previously lowered its odds of passage to 50% at the end of June, pointing to Senate

07-24Industry

Odos Protocol to shut down DEX aggregator on July 30

Odos Protocol has announced plans to shut down its decentralized exchange aggregator, giving users until July 30 to withdraw assets from the platform.  According to a Thursday announcement posted on X, the project will discontinue operations and has asked users to remove funds before the deadline. The team did not disclose why it decided to wind down the service.  To the Odos community: after much consideration, the operating company behind Odos is winding down its operations. The app moves to read-only on July 27, and all Odos services shut down permanently on July 30, 2026. Odos is non-custodial: your assets remain yours and on-chain. If…  Users have until July 30 to complete withdrawals before the platform ceases operations. The announcement did not indicate whether any extension would be offered or whether services would remain available after the deadline.  At the same time, the team clarified that the Odos DAO operates independently from the company behind the protocol. It said the DAO will communicate its own plans separately, while adding that the ODOS token will continue to exist onchain despite the shutdown of the operating business.  No changes to the tokens functionality, supply, or governance were announced alongside the closure notice. The statement also did not

07-24Industry

Is Ethereum undervalued? ETHs network growth offers clue

Ethereum, the second-largest cryptocurrency, spent most of 2026 under pressure amid the broader market downturn. Its market capitalization stood at roughly $230 billion.  ETH reached an all-time high of $4,953 on the 24th of August 2025. It has since fallen to $1,888, representing an approximately 62% decline from its record high.  Separately, ETH remained down 36% on a year-to-date basis.  Is ETH undervalued?  Despite the tokens troubled run, activity across the Ethereum network continued expanding.  Alphractal data showed that Daily Transactions remained above 2.5 million during most of the recent period. The network processed 2.56 million transactions at press time.  By comparison, Daily Transactions remained below 1.5 million during much of last year.  Even when Ethereum reached its all-time high in August, the network processed approximately 1.6 million transactions daily.  Source: Alphractal  Alphractals João Wedson, speaking on the development, pointed to those fundamentals as the core reason Ethereum trades well below fair value. He noted,  You may be bearish on the price, but you cannot be bearish on the fundamentals and the actual adoption of the blockchain.  Wedson expects the same fundamentals to drive Ethereums outperformance in the coming market cycle, a move he sees playing out over the “next two to three years.”  Is more capital entering Ethereum?  A closer look shows

07-24Industry
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