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Odos Protocol shuts down July 30 as DEX aggregator volume falls 98% from peak
Edgen Crypto·Jul 24 2026, 12:29Share to
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[1] DEX Aggregator Odos Protocol to Wind Down by July 30 (https://cointelegraph.com/news/odos-protocol- ...)[2] BitMEX to Close Permanently in September 2026 After Over a Decade of Operations (https://blockonomi.com/bitmex-to-close-perman ...)[3] BitMEX, the exchange that invented perps, is shutting down (https://www.coindesk.com/markets/2026/07/23/b ...)[4] Odos shuts down July 30 as DeFi aggregator ends all services - Crypto News (https://crypto.news/odos-shuts-down-july-30-a ...)[5] Odos DEX Aggregator Winds Down Operating Company - CoinLaw (https://coinlaw.io/odos-protocol-shutdown-202 ...)
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Jul 24 2026, 13:39
Brazil tokenizes 10 dairy cows on B3 in $19,600 RWA loan first
**Brazil's B3 stock exchange registered its first loan secured by tokenized livestock, turning 10 dairy cows into blockchain-tracked collateral for agricultural credit.** Brazil's B3 stock exchange recorded its inaugural loan transaction backed by tokenized dairy cattle, a milestone for real-world asset tokenization on a regulated exchange. Ten cows at Fazenda Engenho Velho in Imbituva, Paraná, secured a 100,000 Brazilian reais ($19,600) credit facility registered on B3, with each animal assigned a unique encrypted digital identity generated from AI-powered sensor collar data. "The process is simple and gives the producer an advantageous opportunity to finance themselves, opening a new alternative for collateral at a time of strong credit restrictions in agribusiness," Thiago Martins, chief executive officer of Cowmed, the agricultural tech company that developed the monitoring system, told CNN Brasil. The deal was structured by Brazilian investment fund Target FIDC, which purchased the credit rights from BMP, a central bank-authorized direct credit company. Each cow, valued at about 12,000 reais ($2,330), received a blockchain-based digital token linked to health, behavioral and location data captured by Cowmed's Smarty Collars. The continuous monitoring eliminates the need for physical farm inspections and prevents farmers from pledging the same cattle across multiple loans — a practice that has led banks to discount livestock collateral by as much as 60 percent. The transaction arrives as Brazil's agricultural sector faces a credit crunch. Agribusiness bankruptcy protection filings reached 1,990 in 2025, nearly four times the 534 recorded in 2023, according to Serasa Experian. High interest rates, falling commodity prices and climate shocks have tightened lending from traditional banks, pushing farmers toward alternative financing structures. **Tokenized Livestock as a New Asset Class** Cowmed currently monitors about 100,000 dairy cows across 1,200 farms in Brazil, the US, Canada, Uruguay, Paraguay and Bolivia, with a combined estimated value of 2 billion reais ($395 million). Martins projects 20 percent of that herd — roughly 400 million reais ($77.6 million) — could be pledged as tokenized collateral within two years. Four additional Brazilian farmers are already under evaluation by Target FIDC, and the companies are targeting 5 million reais ($971,000) in credit through this model by the end of 2026. The deal fits into a broader real-world asset tokenization wave that has already surpassed $10 billion in total value locked across DeFi platforms through tokenized US Treasuries and real estate. Brazil's RWA market stands at about 12 billion reais ($2.34 billion), per local tracking platform RWA Monitor, with debentures and commercial notes accounting for roughly $1.3 billion of that total. Brazil's securities regulator, the Comissão de Valores Mobiliários, recently formed a working group to draft an experimental framework for tokenized securities, covering registration, custody, trading and settlement on distributed ledgers. The group must deliver its first proposal within 60 days, signaling that regulators are moving to accommodate the infrastructure shift as tokenized assets gain traction in capital markets. McKinsey & Company forecasts the global tokenized asset market could reach $4 trillion by 2030, while Standard Chartered projects $30 trillion by 2034. As of March 2026, the total value of tokenized assets stood at $25 billion, according to industry data. *This article is for informational purposes only and does not constitute investment advice.*
Jul 24 2026, 13:09
Bitcoin put/call ratio drops to 0.52 as bearish bets unwind near $67K
Bitcoin's put/call open interest ratio dropped to 0.52 from 0.76, per Glassnode, as traders unwound bearish bets with BTC stabilizing near $67,000. "Traders are closing downside protection as spot prices hold above the $66,000 to $67,000 resistance zone," Glassnode data showed, with the ratio declining 31.6 percent from the prior week. BTC traded at $66,840 as of 14:00 UTC on July 24, up 3.8 percent from the prior week's close of $64,386. The $66,000 to $67,000 range represents the average cost basis of buyers from March through April 2026, according to Glassnode's realized price data. Open interest across Bitcoin futures stood at $28.4 billion, with funding rates near neutral at 0.003 percent per eight hours on Binance. A sustained close above $67,000 would convert the March-April seller overhang into support, opening a path toward $72,000 to $75,000. The July 29 Federal Open Market Committee decision — where a dovish hold or cut signal is expected after June's 3.5 percent CPI print — represents the next major catalyst. On the regulatory side, the CLARITY Act Senate floor vote, expected before July 29, could add a second catalyst layer if passed. Bitcoin spot ETFs attracted approximately $289 million in net inflows for the week ending July 18, with BlackRock's IBIT accounting for the dominant share, according to data from The Block. The two consecutive positive weeks follow a 10-day, $2.73 billion outflow streak that ended in early July, suggesting institutional re-accumulation is underway. The BTC/S&P E-mini ratio stands at approximately 8.63, below the 9.0 reference floor that historically signals BTC beginning to outperform equities. The declining put/call ratio coincides with the largest single-month CPI decline since April 2020 — June's print came in at 3.5 percent year-on-year, 30 basis points below consensus. However, the US-Iran military escalation pushed WTI crude above $82 on July 20, reintroducing inflation uncertainty before the FOMC meeting. VIX closed at 18.76, elevated but not panicked, as markets weigh the disinflationary tailwind against geopolitical risk. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 12:52
Fasanara's $67M ETH short on Hyperliquid marks DeFi institutional milestone
Fasanara Capital amassed a $67 million short position on Ethereum via Hyperliquid, on-chain data shows, in a trade that reveals how institutional-grade capital now operates on decentralized venues. Arkham Intelligence identified the wallet address 0x7fda..17d1 as belonging to Fasanara Capital, a London-based quantitative asset manager running systematic, multi-strategy books where relative pricing and funding rates matter more than directional calls. Nansen also linked the wallet to the firm, according to on-chain analytics reports. The short sits on Hyperliquid, a decentralized perpetuals exchange that has processed roughly $11 billion in cumulative trading volume across ETH, BTC, AVAX, HYPE and other tokens — a profile consistent with institutional execution, not retail speculation. Supplementary on-chain attribution from Arkham points to an additional $41 million ETH short on the same venue, suggesting coordinated positioning across multiple regulated managers. The trade matters beyond its direction. A short of this size can hedge spot ETH holdings, offset options book exposure, or form one leg of a basis trade — and its execution on a fully on-chain venue, visible to any explorer, marks a structural shift in where professional capital is willing to trade. Just two years ago, executing a complex, multi-leg derivatives strategy of this size on a decentralized platform would have looked implausible. ## Why the Short Is Not a Simple Bearish Call The instinctive read — large ETH short, therefore bearish signal — does not survive contact with how quantitative funds operate. In a market where funding rates and open interest are already elevated, a large institutional short can function as a structural offset rather than a conviction trade. Fasanara's systematic approach means this position could be one component of a market-neutral spread, a hedge against a larger long book, or an offset against options exposure elsewhere in the portfolio. The current leverage environment on Ethereum gives that short context. When funding rates are already elevated, a short of this size can capture funding payments while maintaining delta neutrality — a common strategy among systematic funds that has nothing to do with a directional view on ETH. ## Ethereum's Institutional Infrastructure Deepens The Hyperliquid trade comes as Ethereum strengthens its role as the primary settlement layer for tokenized financial products. Token Terminal data shows the network recorded the highest absolute capital inflows into tokenized exchange-traded funds over the past year, capturing roughly 70 percent of the $475 million in tokenized ETF issuances on-chain. While the global ETF market exceeds $20 trillion, only a fraction has migrated on-chain so far. Major institutions including BlackRock, JPMorgan and Franklin Templeton have issued products on Ethereum, using its security and composability for money market funds and Treasuries. BlackRock's BUIDL fund, JPMorgan's on-chain repo platform and Franklin Templeton's money market fund all run on Ethereum, creating a self-reinforcing cycle of liquidity and institutional familiarity. For the DeFi sector, the Fasanara trade confirms what on-chain data has been showing for months: decentralized venues can now handle institutional size, execution quality and liquidity depth that professional traders previously expected only from centralized exchanges. The next question is whether other quant funds follow suit, and how quickly — a development that would accelerate the convergence of traditional finance and decentralized markets. This article is for informational purposes only and does not constitute investment advice.