Ethereal news weekly #31 | glamsterdam-devnet-7 open for app developer testing, EthSystems launched, Devcon 8 tickets

As of early evening on July 16, Bitcoin (BTC 0.96%) fell 1.3% to $64,087.07, Ethereum (ETH 2.16%) fell 2.6% to $1,873.08, and Solana (SOL 2.02%) fell 2.0% to $75.80. The total crypto market cap fell 1.3% to $2.28 trillion. Today’s Change (-0.96%) $-624.36 Current Price $64,156.00 Key Data Points Market Cap $1.3TMarket cap calculated using…

AI driving profitability  Fink’s Bitcoin transformation BlackRock CEO Larry Fink says he is no longer concerned about excessive leverage in the Bitcoin market.  Earlier this Wednesday, he told CNBC that the cryptocurrency has become considerably more stable after speculative positions ended up being washed out.  Fink stated that he “was always worried about the leverage in…

Bitcoin Tests $59,000 as Traders Look For A Cleaner Rebound After Supply Pressure is the kind of crypto story that looks simple at headline level but becomes more useful once you place it inside the wider market backdrop. Bitcoin’s rebound attempt is really a test of market depth after several weeks dominated by government wallets,…

Crypto payments have come a long way from being viewed as a niche option for digital asset enthusiasts. Today, businesses across industries are beginning to evaluate how cryptocurrencies can fit into their payment strategies. Yet despite growing interest, widespread merchant adoption remains slower than many expected. Speaking with Finance Magnates Editor-in-Chief Yam Yehoshua at iFX…

TL;DR SBI Digital Finance and Doppler Finance are developing regulated XRP lending infrastructure for Japanese funds and market makers, allowing institutions to use XRP as collateral and unlock liquidity. SHIB’s average exchange deposit size increased 76.26% to 969.01 million tokens, but negative netflows and declining reserves indicate that the market is not experiencing a broad…

Airbnb co-founder and CEO Brian Chesky took to X (formerly Twitter) to argue that real-world asset tokenization should be judged by how much ownership friction it removes and whether holders can trust whoever holds the underlying asset. [Editor’s note: He announced no Airbnb tokenization product.] Applied to Airbnb, his thesis points to a counterintuitive opportunity. The…