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Ondo Finance, with 60% market share, partners SBI to tokenize Japanese stocks
Edgen Crypto·Jul 16 2026, 15:45Share to
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[1] Breaking: Ripple Ally SBI Group Taps Ondo Finance For Tokenization & JYPSC Stablecoin Expansion (https://coingape.com/ripple-ally-sbi-group-ta ...)[2] Ondo Finance Partners With SBI to Tokenize Japanese Assets - The Defiant (https://thedefiant.io/converge/tradfi-and-fin ...)[3] SBI Holdings partners with Ondo Finance to tokenize Japanese stocks using yen stablecoin - Crypto Briefing (https://cryptobriefing.com/sbi-holdings-ondo- ...)[4] SBI taps Ondo to bring Japanese stocks onchain with JPYSC stablecoin - Crypto News (https://crypto.news/sbi-taps-ondo-to-bring-ja ...)[5] SBI Group Partners With Ondo to Bring Japanese Real World Assets Onchain - Coinpedia (https://coinpedia.org/news/sbi-group-partners ...)
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Jul 16 2026, 16:34
Satoshi's 16-year-old quantum fix becomes Bitcoin's active roadmap
Sixteen years after Satoshi Nakamoto posted a quantum-defense plan on BitcoinTalk, the proposal is now an active roadmap for Bitcoin Core through BIP-360 and BIP-361. The plan targets roughly 35% of the circulating supply — about 6.9 million BTC — held in early-era wallets using P2PK outputs and addresses affected by reuse, according to the proposal documents. Satoshi correctly identified that quantum computers using Shor's algorithm could derive private keys from exposed ECDSA public keys. The migration requires two steps: a transition to the bc1z format, a quantum-resistant address type based on Merkle-tree cryptography, and a block-height deadline after which legacy wallets would be locked permanently. Implementing the change would increase transaction data size by approximately 57%, raising fees for ordinary users, Satoshi anticipated in the original post. The most consequential impact involves millions of lost BTC from Bitcoin's early era whose owners cannot comply with the software update requirement. To prevent those holdings from being compromised by quantum attacks, the network would permanently isolate those balances with no recovery possible. Satoshi Nakamoto's own wallets would be among the first affected by the deadline he proposed. The debate over quantum threats to Bitcoin has intensified as technology giants steadily develop quantum processors. Michael Saylor, executive chairman of Strategy (MSTR), recently pushed back against venture capitalist Chamath Palihapitiya's argument that quantum computing could undermine Bitcoin's long-term investment case. "If quantum breaks cryptography, it breaks AI, cloud infrastructure, banks, and the internet — not just Bitcoin," Saylor wrote on X. "The entire stack upgrades together." The quantum-resistant migration marks the first time Satoshi's original technical foresight has been codified into a formal Bitcoin Improvement Proposal with a binding timeline. The block-height deadline mechanism mirrors the structure Satoshi outlined 16 years ago. The historical irony is that activating his own plan could mean permanently closing access to his digital legacy. The quantum timeline extends beyond Bitcoin. Ethereum has its own dedicated post-quantum security team working on migration processes projected around 2029, part of what the network calls its "Lean Ethereum" strategy. The coordinated industry effort reflects a growing recognition that quantum computing poses a systemic risk to all public-key cryptography systems. Bitcoin Core developers have not set a specific block height for the deadline, but the BIP-360 framework establishes the mechanism for when the community determines quantum computers pose a credible threat. The timeline depends on quantum computing advances from companies such as IBM, Google, and Microsoft. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 16:30
Multicoin Capital backs Hyperliquid platform Trasia as HYPE holds near $65
Multicoin Capital made its first Hyperliquid ecosystem investment in Trasia, an Asia-focused trading platform co-founded by former partner Mable Jiang, as HYPE traded near $65. "Trasia is purpose-built to serve Asian traders on Hyperliquid's infrastructure," the firm said in its announcement, noting the platform was co-founded by former Multicoin partner Mable Jiang. The investment marks the first time Multicoin, one of crypto's most prominent venture funds, has deployed capital directly into the Hyperliquid ecosystem. Trasia is built on Hyperliquid's HyperEVM layer, which provides a general-purpose smart contract environment for developers to build trading applications, vaults and lending protocols around the exchange's liquidity layer. The deal signals growing institutional confidence in Hyperliquid's model, which has generated about $1.15 billion in cumulative revenue and $828.8 million in annualized revenue, according to DefiLlama. HYPE, the protocol's native token, has held near $65 even as Bitcoin ETFs saw over $8.2 billion in net outflows, with some market participants pointing to a potential capital rotation toward Hyperliquid-based products. The investment comes as Hyperliquid's ecosystem attracts increasing attention from both retail and institutional participants. T. Rowe Price's newly launched TKNZ Active Crypto ETF, which began trading July 16 on NYSE Arca, allocated 6.45% of its portfolio to HYPE, according to the fund's prospectus. The $1.9 trillion asset manager's fund debuted with roughly $15 million in assets. Hyperliquid's tokenomics, which direct nearly all protocol revenue toward HYPE buybacks and burns, have been a key draw for investors. The platform's HIP-3 model allows developers to launch perpetual markets for new asset categories, including commodities and other real-world exposures, extending its addressable market beyond crypto-native assets. Multicoin's bet on Trasia suggests the firm sees Hyperliquid's infrastructure as a foundation for regional trading platforms that can compete with both centralized and decentralized alternatives. Trasia's focus on Asian traders positions it to capture demand from a region that accounts for a significant share of global crypto trading volume. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 16:27
Bitcoin sees $75M realized loss reversal as Glassnode flags bottom setup
**A key cohort of Bitcoin holders is showing the first on-chain signs of exhaustion after months of selling at a loss.** Bitcoin holders who bought one to two years ago are cooling their loss realization, with the 30-day average of realized losses reversing from a $75 million peak, Glassnode data show. "When the 30D-SMA of their realized loss cools and rolls over, it has often been among the clearest early signals that the heaviest distribution phase is behind the market," Cryptovizart, lead research analyst at Glassnode, said in an X post on July 11. The cohort accumulated between July 2024 and July 2025 as Bitcoin rose from about $62,800 to $107,000, then began selling at a loss as prices stayed below entry levels. The 30-day moving average of realized losses passed $75 million before turning lower — a reversal pattern that has historically preceded durable bear-market bottoms, Glassnode said. Bitcoin traded at $64,102 as of 14:30 UTC, down 1.05% in 24 hours, with spot volume falling 6.29% to $27.16 billion. The next battleground sits at $69,000 — the aggregate cost basis for short-term holders and a level that coincides with Bitcoin's 2021 record high. "A convincing reclaim would give the recovery room to run; a rejection keeps the range intact," Glassnode said in its weekly newsletter. **Long-term holder selling peaks** Long-term holder capitulation — the main source of selling pressure throughout this cycle — set its cycle peak two weeks ago and has turned down, Glassnode's latest weekly analysis shows. The metric, which measures coins surrendered by long-term holders each day adjusted for internal transfers, is falling for the first time this cycle. Buyers showed up at the June lows. Glassnode documented a broad wave of accumulation across wallets of all sizes during that period. Bitcoin's inverse relationship with the dollar has deepened while its correlation with U.S. equities has loosened, and its sensitivity to positive macro news has returned — Tuesday's soft inflation print moved Bitcoin more sharply than any major equity index. **Bollinger flags 'W' pattern** John Bollinger, creator of the Bollinger Bands volatility indicator, flagged a developing "W" double-bottom pattern on Bitcoin's daily chart. In a July 6 post on X, he called a completed pattern "a confirmation of a change in trend." Bollinger disclosed a long Bitcoin position through his investment vehicle earlier this year. **Wall Street sees trough ahead** The same directional read is appearing among equity analysts covering crypto-exposed stocks. William Blair cut its 2026 and 2027 EBITDA estimates for Coinbase Global Inc. by 34% and reduced revenue forecasts by 12% to 13%, yet maintained an outperform rating, saying earnings should trough by year-end before a 2027 rebound. Coinbase has fallen nearly 30% this year alongside a roughly 26% decline in Bitcoin. The sticking point for both on-chain analysts and Wall Street remains the same: no sustained spot-driven buying has confirmed the recovery yet. Derivative positions are unwinding, long-term sellers are thinning, and the fear premium in the options market is easing. But the capital has not fully arrived. William Blair projects Coinbase's total trading volume will fall roughly 44% this year to $669 billion before rebounding more than 32% in 2027. This article is for informational purposes only and does not constitute investment advice.