Litecoin's LitVM hits 140M testnet transactions as DeFi ambitions take shape

source:

[1] Litecoin's LitVM hits 140M testnet transactions – Can it spark LTC's DeFi growth? (https://ambcrypto.com/litecoins-litvm-hits-14 ...)[2] Litecoin Upgrades, Hyperliquid Rallies, But BlockDAG Takes the Market Spotlight With a $0.0000077 Entry Ahead of Keynote 6! - Analytics Insight (https://www.analyticsinsight.net/cryptocurren ...)[3] LTC Price Stuck Below $50 After Emirates Partnership — Pepeto Holders Lock 168% Staking Before the Listing Window Closes - Coin Gabbar (https://www.coingabbar.com/en/crypto-blogs-de ...)

Related News

Jul 23 2026, 01:40

dYdX Chain v5.1 opens permissionless listings as exchange rivalry heats up

dYdX Chain released version 5.1 on July 22, introducing permissionless market listings that allow any user to create new trading markets without governance approval, a structural shift designed to expand the platform's addressable market. "This upgrade removes the bottleneck of governance votes for new market creation, letting the community and market makers respond to demand in real time," a dYdX spokesperson said. The v5.1 upgrade eliminates the previous requirement for governance proposals to list new perpetual and spot markets. Any user can now deploy markets by meeting on-chain parameters, including minimum liquidity thresholds and oracle feed requirements. The change mirrors the permissionless expansion playbook that Hyperliquid deployed through its HIP-3 and HIP-4 upgrades, which opened perpetual and outcome market listings to staked deployers starting in October 2025. The upgrade positions dYdX to compete more directly with Hyperliquid, which generated $1.34 trillion in trading volume and $320 million in revenue during the first half of 2026, according to Bitwise. dYdX's market share in perpetual futures has faced pressure as Hyperliquid's unified margin model and lower fee structure attracted volume. Whether v5.1 reverses that trend depends on how quickly deployers create markets and whether liquidity providers follow. **How Permissionless Listings Work on dYdX** Under v5.1, deployers must meet on-chain parameter requirements rather than passing a governance vote for each listing. The system uses predefined templates for market structure, similar to the template-based approach Hyperliquid introduced with HIP-4 on July 20. Hyperliquid's HIP-4 requires deployers to stake 500,000 HYPE tokens, worth about $30 million, locked for at least six months. dYdX has not disclosed equivalent staking requirements for its permissionless system, with details expected in forthcoming documentation. The competitive stakes are significant. Hyperliquid's HIP-4 outcome markets generated roughly $100 million in trading volume during their first month after launching on mainnet in May 2026, according to the protocol. dYdX's v5.1 does not include outcome markets — it focuses on perpetual and spot listings — but the architectural shift toward permissionless deployment follows the same strategic logic: let external deployers drive market growth rather than bottlenecking it through governance. **What This Means for DYDX Token Economics** The permissionless upgrade introduces a new demand driver for DYDX if deployers must stake or hold the token to create markets. Hyperliquid's HIP-3 and HIP-4 staking requirements have removed millions of HYPE from circulating supply — each HIP-4 deployer locks 500,000 HYPE worth roughly $30 million. dYdX's specific token requirements for permissionless deployment remain unannounced, but any staking mechanism would create similar supply-side pressure. dYdX's total value locked stood at roughly $480 million across its perpetual and spot markets as of mid-July, according to DefiLlama, compared with Hyperliquid's $2.1 billion. The v5.1 upgrade gives dYdX a path to narrow that gap by letting external market makers and trading firms list the pairs they want to trade, without waiting for governance cycles that can take weeks. This article is for informational purposes only and does not constitute investment advice.

Jul 23 2026, 01:37

Injective files for SEC transfer agent registration in $6.8B RWA push

Injective filed a Form TA-1 with the US Securities and Exchange Commission to register as a transfer agent, a move that would place the layer-1 blockchain within the existing US securities infrastructure for tokenized real-world assets. "This is a transfer agent registration, not a securities registration for the INJ token," a person familiar with the filing told Edgen. "Form TA-1 is what a service provider files, not what an issuer files. It positions Injective as regulated infrastructure for tokenized assets." The filing, submitted alongside the launch of Injective Mint on July 17, represents a direct engagement with US securities law rather than an attempt to work around it. Transfer agents maintain official ownership records of securities, process changes in ownership, and manage investor communications — functions that Injective aims to bring onchain. Under US rules, the transfer agent's register remains the legal source of truth even when a token exists on a blockchain, with the smart contract enforcing transfer restrictions to non-approved wallets. The strategic significance extends beyond the filing itself. Injective has already settled $6.8 billion in real-world asset volume on its network and surpassed $1.1 billion in native asset issuance, according to the company. The Injective Mint platform, now in private alpha, allows institutions to issue equities, bonds, ETFs, and foreign exchange products through a single compliance-ready interface — with holder restrictions, jurisdictional screening, and freeze controls built into the issuance process rather than added afterward. The SEC filing and platform launch follow a series of institutional infrastructure moves. BitGo joined Injective as a validator in June 2025, and the network has processed 2.94 billion onchain transactions to date. Injective also completed the migration of its INJ token from Ethereum's ERC-20 standard to its native Injective EVM, with Coinbase supporting a direct 1:1 conversion, boosting access to DeFi applications on the network. INJ traded at $5.28 as of July 20, up 4.2% from the prior week, with a daily trading volume of $88 million, according to CoinGecko. The token had a roughly $494 million market cap when it launched on Robinhood on July 16 at $4.76 to $5.00, and the listing was accompanied by a broader press cycle that included a Linux Foundation membership, an AI development kit, and a MiCA whitepaper. The approval timeline for the transfer agent registration remains uncertain. If approved, Injective would become one of the first blockchain networks to operate as a registered securities infrastructure provider in the US, potentially opening the door for traditional financial institutions to issue tokenized assets on its chain. Future releases and integrations on Injective Mint will be powered by the INJ token, creating a structural link between institutional adoption and token demand that could shift the network's economic dynamics as issuance scales. This article is for informational purposes only and does not constitute investment advice.

Jul 23 2026, 01:08

Circle and Kakao Group sign MOU for won stablecoin, targeting 40M users

Circle Internet Group signed a non-binding MOU with South Korea's Kakao Group on July 22 to explore a Korean won stablecoin and blockchain-based payments infrastructure. "Korea is one of the world's leading digital markets and has a solid foundation for financial innovation," Kash Razzaghi, chief commercial officer at Circle, said in a statement. The partnership brings together Circle's USDC infrastructure with Kakao Group's digital ecosystem, which includes KakaoTalk's messaging platform, Kakao Pay's payment services with more than 40 million users, and KakaoBank's financial capabilities. The companies plan to develop business models combining Kakao's platform reach with Circle's blockchain and global payments network for won-based digital assets and tokenized financial services. The MOU is an exploratory agreement rather than a binding commercial contract, and the companies did not disclose a detailed issuance structure or service launch timeline. The project's direction will depend on South Korea's pending Digital Asset Basic Act and rules governing who may issue won stablecoins, according to the statement. The two sides are reviewing ways to use Circle's payments infrastructure to improve global payments, cross-border remittances and merchant settlement, according to the July 23 announcement. They also plan technical cooperation to strengthen interoperability between blockchain networks and existing financial systems. Kakao Group has formed a joint stablecoin task force co-led by Shin Won-keun, chief executive officer of Kakao Pay, to coordinate the initiative. The group is also considering shared infrastructure that would allow other domestic companies to develop related services beyond the won stablecoin project. "Competitiveness in digital assets cannot be built on technology alone," Shin said. "Based on the platform, payments and financial service experience built into daily life, Kakao Group will work with Circle to prepare early for a Korean-style digital-asset ecosystem." South Korea is one of the most active crypto markets globally by trading volume, and a won-backed stablecoin could significantly expand stablecoin use cases in retail payments and cross-border transactions. Circle's USDC, the second-largest stablecoin by market cap with a circulating supply of roughly $34 billion, currently operates primarily on Ethereum, Solana and other major blockchains. The partnership marks Circle's latest push into Asia after the company expanded its presence in Singapore and Japan. For Kakao Group, the move represents an effort to extend its financial services footprint into digital assets ahead of clearer domestic regulation. This article is for informational purposes only and does not constitute investment advice.