on-chain

Bybit today released the 2026 Risk and Security Report for the first half of the year. After experiencing a security incident in February 2025, Bybit has comprehensively upgraded its security architecture, transitioning to a new defense model that emphasizes earlier detection, faster response, and continuous adaptation.The core points of the report are as follows: User Fund Protection: Over 30,000 suspicious withdrawals were intercepted in the first half of the year, protecting nearly 20,000 users from potential losses exceeding $700 million. The average initial review time was only 4.7 minutes (95% completed within 10 minutes). 100% On-chain Monitoring: Monitoring covers all business-related on-chain activities (including listed tokens, ecological contracts, and hot/cold wallets). In the first half of the year, 10 security incidents related to listed token projects were handled with zero losses to the platform; among these, 8 had response times faster than other mainstream exchanges, and 2 detected attacks before the project parties. Additionally, approximately $212 million in potential fraudulent on-chain funds were identified, and over 10,000 malicious addresses were blacklisted.AI-driven Security Operations: Over 100,000 security alerts were processed. AI-assisted audits identified high-risk vulnerabilities at 3-5 times the efficiency of manual efforts; the automated red team platform reduced the time from asset discovery to initial testing to within 24 hours (traditional manual processes take weeks), and the cycle from security assessment to testing was shortened from two weeks to two hours. Accountability and Loss Recovery: Joint law enforcement agencies and blockchain intelligence companies are tracking stolen assets and have taken legal action against North Korea and the Lazarus Group to hold them accountable and recover assets. David Zong, Head of Risk Control and Security at Bybit Group, stated: "The cybersecurity arms race has entered the 'minute-level' era. Strengthening risk control capabilities using AI and ensuring the security of AI systems themselves is our top priority, but key security decisions still rely on human judgment."

Circle officially announced that its euro stablecoin EURC has surpassed a circulation of 400 million euros, becoming an important growth node in the on-chain financial ecosystem of the Eurozone. Circle stated that the supply of EURC has increased by over 100% in the past year, as the demand for compliant stablecoins has risen from trading platforms, payment networks, and institutional businesses, moving EURC from the experimental phase to practical application. EURC was first launched on Ethereum in June 2022 and has since expanded to multiple blockchains including Avalanche, Stellar, Solana, and Base.As of the end of 2024, EURC has covered five chains, with a circulation scale of approximately 80 million euros, and continues to grow. Currently, EURC has been launched on several mainstream trading platforms such as Bitpanda, Bitstamp, Bybit, Coinbase, and Kraken, supporting EURC/EUR and EURC/USD trading pairs, further enhancing on-chain liquidity for euros. Circle stated that the application scenarios for EURC are expanding from trading to payments, settlements, and institutional fund management. Currently, fiat withdrawal and recharge service providers such as Mercuryo, MoonPay, Ramp, and Transak have supported users to directly access digital assets using euros, and institutional custody and settlement platforms such as Cobo, Copper, and Fireblocks have also integrated EURC.In addition, both Visa and Mastercard have previously expanded their support for EURC's settlement capabilities, making it available for cross-border payments, card payment settlements, and enterprise-level fund circulation scenarios. With the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), EURC operates under the electronic money token (EMT) standard, issued by Circle's French electronic money institution and regulated by the French Prudential Supervision and Resolution Authority (ACPR). The reserve assets of EURC are completely isolated from Circle's corporate funds and are regularly audited and confirmed by independent third parties.As of January 2026, the total supply of global stablecoins is approximately 300 billion dollars. Although dollar stablecoins still dominate, euro stablecoins have become the second largest category. The market size of euro stablecoins has grown from about 400 million euros in June 2025 to about 650 million euros in June 2026, with EURC maintaining a leading position. Circle stated that despite the growth of EURC, euro stablecoins are still in the early stages compared to the M2 money supply of over 16 trillion euros in the Eurozone, and there is still significant room for growth in real-time settlements, cross-border payments, and enterprise financial infrastructure in the future.

KOL Ansem (@blknoiz06) announced the launch of the first on-chain index z500 on Ansem.io. The protocol allows new project teams to airdrop a portion of their token supply to $ANSEM holders at the time of token issuance, and to demonstrate long-term alignment intentions by buying and burning $ANSEM, thereby improving their ranking on the z500 leaderboard. $ANSEM holders only need to hold one token to gain exposure to multiple successful projects through automatic airdrops.Ansem stated that Pump.fun solved the token creation problem but has yet to address the filtering and curation issues. z500 requires teams to invest value upfront (such as buying and burning $ANSEM) to enhance transparency and filter long-term projects, reducing bundled sell-offs and quick exits. The leaderboard will showcase teams that buy and burn the most $ANSEM and those with the best market performance of airdropped tokens. Ansem claims it will actively share the top projects on the list and noted that the market cap of $ANSEM has risen from about $200,000 to over $200 million since its takeover.This mechanism aims to flip the creator economy model, allowing brands to deliver value directly to $ANSEM holders instead of paying KOLs who might sell off, thus providing productized alignment marketing for quality teams while enhancing network effects.

According to on-chain data analysis platform Glassnode, the current consumer confidence index has hit a historic low, yet the stock market continues to reach new highs. Funds are accelerating from cash into stocks, AI, and commodities, while Bitcoin has been significantly overlooked in this round of rotation.On-chain data shows that the heavy buy order support wall formed below the price has been continuously fading since June, and the bottom support structure is clearly thinning.

The Ethereum staking protocol Lido DAO officially interprets the NEST (Network Economic Support Tokenomics) mechanism, which binds the protocol's revenue to the value of LDO tokens through an on-chain automated method, achieving continuous LDO buybacks. The aim is to allow LDO holders to more directly share in the protocol's growth profits. This mechanism is supported by the surplus funds of the DAO treasury. When Lido's staking business revenue exceeds the set benchmark, a portion of the excess revenue will be automatically exchanged for LDO through CoW Swap.According to the initial parameters set by Lido DAO, the NEST revenue benchmark is an annualized $40 million (approximately $109,000 daily), with 50% of the excess allocated for LDO buybacks, a daily buyback limit of $50,000, and a cumulative limit of $10 million over 365 days. Buybacks are executed daily using a permissionless on-chain process.In the initial phase of NEST, a "Treasury-only mode" will be adopted, where purchased LDO will go directly into the DAO treasury. In the future, when market conditions are favorable, the DAO can switch to LP mode through on-chain voting, using half of the funds to purchase LDO and converting the other half into wstETH to provide Curve liquidity.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest on-chain Bitcoin short has increased its position to $125 million, with an unrealized profit of $1.794 million.The whale added another 258 BTC 5 minutes ago, bringing the latest position update to 1,900 BTC, with an opening price of $63,582.

According to Decrypt, the U.S. Securities and Exchange Commission (SEC) plans to launch two crypto-related initiatives in the coming days, while the Congressional CLARITY Act remains stalled until at least September. The SEC intends to propose "Regulation Crypto" at a public meeting on Friday, allowing projects to raise funds through token sales without completing a full securities registration.The SEC also plans to introduce an "innovation exemption" for tokenized stocks, with details potentially announced on Friday. This exemption will allow tokenized versions of stocks like Apple, Tesla, and Nvidia to be traded on the blockchain around the clock, supporting fragmented trading and near-instant settlement.Such tokens typically track stock economic exposure but do not carry voting rights or dividend rights. This initiative is part of SEC Chairman Paul Atkins' "Project Crypto" agenda, with Robinhood Chain, Solana, and Base already advancing related on-chain markets.

The founder of the DeFi platform Flying Tulip and creator of the Fantom Network, Andre Cronje, stated that most DeFi protocols are no longer truly decentralized, with only a few niche areas still qualifying as DeFi. He believes that DeFi has evolved into "on-chain finance" or "open finance."He pointed out that true DeFi should possess characteristics such as decentralization, immutability, and the absence of intermediaries, while the intermediaries in most current protocols have become companies, taking on the roles of decision-makers and risk committees typical of traditional financial institutions. Cronje stated that this does not mean that true DeFi no longer exists, as some protocols are still innovating.Data from DefiLlama shows that the total value locked in DeFi has dropped from $167 billion at the beginning of October 2022 to $75 billion at the time of the original publication, a decline of more than half.The European Central Bank (ECB) analyzed Aave, MakerDAO, Ampleforth, and Uniswap in a working paper released in March, finding that based on snapshots of holdings from November 2022 and May 2023, the top 100 addresses holding governance tokens in these protocols control over 80% of the token supply. The ECB thus questioned the degree of decentralization of the relevant DAOs and whether they should continue to be regarded as "fully decentralized" services not subject to the Markets in Crypto-Assets Regulation (MiCA). (Cointelegraph)

According to ChianCatcher news, as reported by CoinDesk, the U.S. SEC's Investment Management Division has issued a no-action letter to Franklin Templeton, allowing its registered funds to use the on-chain money market fund FOBXX (also known as BENJI) to manage cash and collateral via blockchain, rather than following traditional custody rules.This letter is based on Section 17(f) of the Investment Company Act of 1940 and Rule 17f-2, allowing registered funds to hold shares of FOBXX without meeting certain physical custody requirements. This supports intraday trading, hourly net asset value calculations, and faster transaction processing. FOBXX primarily invests in U.S. government securities and aims to maintain a stable share price of $1, and has expanded to multiple blockchains.

According to monitoring by Lookonchain, Gambler (0x66f8...a75a) continues to increase its short position in Bitcoin, with the short position growing to 2,136 Bitcoins, worth $136 million, making it the largest Bitcoin short position on the chain; the liquidation price is $64,592.3.

According to Cointelegraph, Hyperliquid will expand a deployer-controlled scaleWei function for HIP-1. This function can proportionally adjust the balances of a certain token among all holders, equivalent to an on-chain version of a stock split, and can also be used to handle airdrops, dividends, repricing, and reverse mergers.According to the announcement, during the execution of the rescheduling, unfilled orders will be canceled and replaced according to the effective rescheduling ratio, rounded down, while totalWei is allowed to be negative, enabling reverse rescheduling. The initiating address can be a system address from Core to EVM, or a treasury address specified and signed by the deployer.

According to ChianCatcher news, GSR Content Director Frank Chaparro tweeted that Nasdaq is hiring a RWA Principal Protocol Engineer, who will serve as the primary technical author for the "Nasdaq Token Design Standard."This standard is the authoritative specification for the on-chain representation of publicly traded stocks. Responsibilities include issuance, compliance, corporate actions, chain selection, and institutional trading infrastructure. The base salary ranges from $155,000 to $287,000, plus bonuses and equity.

According to official news, the fintech and asset tokenization company Anchored Finance announced the launch of three tokenized funds, with underlying strategies involving funds from asset management institutions such as Point72, Millennium, D. E. Shaw, and BlackRock.The first batch of products includes the Anchored Diversified Hedge Fund (aDHF), Anchored Liquid Strategy Fund (aLSF), and Anchored AI Strategy Fund (aAIF), providing on-chain alternative asset allocation channels for qualified investors.Anchored Finance stated that this is the first time such traditional hedge fund portfolios have been introduced on-chain in the form of tokenized funds.

According to Digital Asset, NYSE President Lynn Martin stated that they are developing an on-chain payment platform for tokenized securities and have participated in the tokenization pilot project of the Depository Trust & Clearing Corporation (DTC) in July.

On-chain analyst Tom Wan posted on the X platform, stating that the total market value of on-chain assets related to Robinhood has reached 1 billion USD. Among them: stablecoin assets account for about 58%; Ethereum (ETH) accounts for about 28%; yield-bearing stablecoins account for about 10%.

Santiment Intelligence stated that Bitcoin has just experienced a week of surging on-chain transaction volume. The number of new wallets on the network reached 2.27 million, marking the highest level in the past year, while the number of active wallets also reached 751,000, setting a record high in 10 months. The biggest catalyst was the chaos triggered by the Coldcard wallet incident.The security crisis forced users to move funds, create new wallets, rotate custody settings, and recheck risk exposure, which naturally led to a significant increase in wallet creation and activity. Polarizing events often elicit the strongest on-chain reactions for Bitcoin and altcoins. Fear spread rapidly, followed closely by greed, and both emotions drive more people to trade, adjust positions, and closely monitor market dynamics, reigniting demand after a market downturn.When retail investors are impacted and trading volume surges, large holders of Bitcoin often take advantage of the chaos to accumulate more aggressively, and this combination of increased usage and accumulation by large holders has historically had a positive effect on prices in the following weeks or even months.