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Pendle Finance targets $200M Boros milestone with H2 2026 RWA push
Edgen Crypto·Jul 23 2026, 12:16Share to
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[1] Pendle Finance bets big on RWAs and institutional DeFi for the second half of 2026 (https://cryptobriefing.com/pendle-rwa-defi-ex ...)[2] Pendle Unveils H2 Roadmap: Focus on RWA and Institutional Markets, Boros to Emphasize On-Chain Interest Rate Derivatives - WEEX (https://www.weex.com/news/detail/pendle-unvei ...)
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Jul 23 2026, 13:40
LayerZero and Keeta partner to move tokenized deposits across 3 chains
**Tokenized bank deposits can now move natively between Ethereum, Solana, and Base, as interoperability protocol LayerZero and fintech infrastructure provider Keeta launch a cross-chain transfer system for regulated deposit products.** LayerZero and Keeta announced a partnership Wednesday to enable native cross-chain transfers of tokenized bank deposits across Ethereum, Solana, Base, and Keeta's own blockchain network. The integration allows financial institutions to issue deposit tokens on one chain and have them settle on another without relying on wrapped assets or centralized bridges. "Banks want to offer deposit products on-chain, but they can't afford the fragmentation risk of picking one blockchain," Tushar Agarwal, chief executive officer of Keeta, said. "LayerZero's infrastructure lets them issue once and distribute everywhere, with the same security guarantees as the underlying chain." The system uses LayerZero's omnichain messaging protocol to pass both data and asset instructions between chains. Keeta handles the compliance layer — know-your-customer checks, anti-money laundering screening, and regulatory reporting — while LayerZero manages the cross-chain settlement. The partnership targets the growing market for tokenized real-world assets, which DefiLlama data shows has surpassed $20 billion in on-chain value across all categories. Tokenized bank deposits represent a distinct category within the broader RWA market. Unlike stablecoins, which are typically backed by reserves held by a separate issuer, tokenized deposits are direct liabilities of the issuing bank, carrying the same regulatory protections as traditional demand deposits. The market for such products remains small relative to the $310 billion stablecoin market tracked by DefiLlama, but several mid-sized US and European banks have launched pilot programs this year. **Why interoperability matters for tokenized deposits** The multi-chain approach addresses a structural problem facing banks entering digital assets. Each blockchain network has distinct advantages — Ethereum's liquidity depth, Solana's throughput, Base's Coinbase distribution — but no single chain dominates institutional adoption. Banks that issue deposits on only one network limit their addressable market. LayerZero's technology eliminates the need for banks to choose. A deposit issued on Ethereum can be transferred to a user on Solana, used as collateral in a Base-based lending protocol, or redeemed through Keeta's compliance layer on its native chain — all without the user managing multiple wallets or bridging tokens manually. The partnership also reduces reliance on wrapped assets, which have been a vector for exploits in cross-chain finance. LayerZero's messaging protocol verifies transactions across multiple decentralized oracle networks, a design similar to Chainlink's CCIP, which processed over $10 billion in cross-chain volume in the second quarter, according to the Chainlink team. **Competition in the cross-chain infrastructure layer** LayerZero and Keeta enter a market already occupied by Chainlink's CCIP, which has secured partnerships with Swift and UBS Asset Management for institutional cross-chain messaging. Chainlink's Proof of Reserve service, adopted by United Stables for its $1 billion U stablecoin in July, adds a verification layer that LayerZero and Keeta do not currently offer. The differentiation lies in specialization. Keeta focuses exclusively on regulated deposit products, while LayerZero provides the general-purpose messaging layer. The combined offering targets banks that want the compliance guarantees of a dedicated platform without building proprietary cross-chain infrastructure. For LayerZero, the partnership extends its reach beyond DeFi-native protocols into regulated finance. The protocol already supports cross-chain transfers for major decentralized applications including Uniswap on Ethereum, Aave on Polygon, and PancakeSwap on BNB Chain. Adding tokenized bank deposits opens a new addressable market among traditional financial institutions. The immediate impact on token prices is limited — LayerZero's ZRO token traded at $3.42 as of 12:00 UTC, up 2.1% in the past 24 hours, according to CoinGecko. Keeta does not have a publicly traded token. The broader significance is structural: if tokenized deposits gain adoption, the infrastructure layer connecting them across chains becomes as essential as the deposit products themselves. *This article is for informational purposes only and does not constitute investment advice.*
Jul 23 2026, 13:19
Hedera faces $268M HBAR token unlock as supply debate intensifies
Hedera Hashgraph is scheduled to release 4.07 billion HBAR tokens in Q3 2026, a distribution worth about $268 million that has renewed debate over the network's token supply strategy. The projected figure would be one of the largest quarterly distributions in Hedera's history, according to a review of the Hedera council's treasury-management forecast. "The projected figure would be one of the largest quarterly distributions in Hedera's history, but comparable forecasts have repeatedly failed to materialize," Summer, host of the FireHustle Show, said in a July 23 analysis. A widely reported projection of roughly 4 billion HBAR for the second quarter was followed by an actual movement of only 186 million tokens. In the prior quarter, a 3.72 billion HBAR forecast preceded a release of 383 million. The same ecosystem-development allocation has remained in the forecast column for about a year, suggesting Hedera may be deliberately slowing distribution. The approaching treasury depletion may matter more than any single release. If released supply reaches roughly 47.5 billion of the fixed 50 billion HBAR supply, fewer than 2.4 billion tokens would remain unreleased. Hedera generated about $1,354 in fees over 24 hours, equivalent to roughly $1.5 million annually, against a token market value just below $3 billion, according to DefiLlama data — raising the question of whether transaction revenue can eventually support staking rewards and ecosystem spending without continued treasury dependence. The token release debate comes as HBAR shows signs of technical recovery. The token climbed nearly 4% on July 23 after breaking out of a multi-week falling wedge pattern and reclaiming short-term moving averages, according to CoinGecko data. Canary's spot Hedera ETF recorded $540,000 in net inflows on July 20 and now holds nearly 1.6% of HBAR's circulating supply, with only a single day of net outflows since launch. The first resistance zone sits at $0.074 to $0.075, where sellers previously defended the market. A move above that level would expose the $0.081 resistance mark, which served as support before June's correction. Failure to hold the breakout risks a revisit to $0.066 support. Growing optimism around the Clarity Act, legislation designed to establish a clearer regulatory framework for digital assets in the US, has added a layer of institutional interest. Hedera's enterprise-first architecture and governing council model have positioned it among projects that could benefit from greater regulatory certainty, though the bill remains under consideration. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 13:11
Kaito AI secures X data deal after API restrictions cut token 20%
Kaito AI secured a formal data agreement with X on July 23, reversing API restrictions that sent the KAITO token down 20% in January. The agreement gives Kaito official access to X's data firehose, supporting use cases tied to its InfoFi platform that turns social media chatter into structured intelligence for crypto traders, according to a company statement. Specific product details are expected in the coming weeks. Kaito was founded in Seattle in 2022 by Yu Hu and has raised more than $10.8 million from investors including Dragonfly Capital, Sequoia Capital China and Jane Street. The KAITO token launched on Feb. 20, 2025, and had a market capitalization of about $250 million as of late July. On July 20, roughly 17.8 million tokens — 1.8% of total supply valued at about $16.7 million — unlocked, including 6.94 million tokens allocated to core contributors. The data agreement removes a major overhang on the KAITO token. The January API restrictions forced Kaito to pivot away from its "Yaps" rewards program and reorient around a new product called Kaito Studio. In February, the company partnered with Polymarket to launch "attention markets," which quantify social trends and let users trade on them. The X deal gives Kaito a competitive moat over rivals such as LunarCrush and Santiment, which lack a direct data agreement with the platform. For token holders, the formal agreement reprices platform risk lower after the market priced in a 20% drawdown in January. This article is for informational purposes only and does not constitute investment advice.