Institutional curiosity in cryptocurrencies was piqued after “Crypto Week” within the US noticed the passage of the business’s key stablecoin invoice, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act.
Signed into regulation by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins on the earth’s largest financial system, which can increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, based on business watchers.
Signaling rising demand for the world’s second-largest cryptocurrency, a gaggle of crypto researchers and public market consultants introduced the launch of the biggest yield-bearing Ether fund for institutional traders, known as Ether Machine.
The corporate plans to create a publicly traded automobile for institutional-grade Ether yield and infrastructure publicity, planning to take a position over $1.5 billion in Ether to kind “one of many largest onchain ETH positions of any public entity.”
Ether Machine to launch $1.5 billion institutional ETH yield fund
A group of crypto-native researchers and public market consultants is getting ready to launch what it calls the biggest yield-bearing Ether fund concentrating on institutional traders.
The corporate, known as Ether Machine, plans to create a publicly traded automobile providing institutional-grade publicity to Ethereum infrastructure and Ether (ETH) yield, it announced on Monday.
It’s co-founded by Andrew Keys, a former board member and head of worldwide enterprise improvement at Consensys, and David Merin, a former company improvement govt at Consensys who now serves as Ether Machine’s CEO.
Ether Machine goals to “broaden Ethereum’s financial safety as the bottom layer for the following period of worldwide finance and computation,” according to its web site.
The corporate can be fashioned by way of a mix of The Ether Reserve and Dynamix Corp, a Nasdaq-listed particular function acquisition firm.
Following this, Ether Machine plans to checklist on Nasdaq below the ticker image “ETHM,” with over 400,000 ETH value greater than $1.5 billion below administration at launch.
Technique launches Bitcoin inventory pegged at $100 to extend treasury
Technique, the world’s largest company holder of Bitcoin, is launching a brand new sort of inventory providing to lift further funds for additional funding within the cryptocurrency.
Michael Saylor’s Strategy introduced plans to conduct an preliminary public providing of 5 million shares of Technique’s Variable Fee Sequence A Perpetual Stretch Most popular Inventory (STRC).
Technique will use the online proceeds for “normal company functions, together with the acquisition of Bitcoin and for working capital,” it announced on Monday.
In contrast to earlier choices, the STRC Inventory will accumulate cumulative dividends at a variable fee on the acknowledged quantity of $100 per share. The preliminary month-to-month common dividend can be 9% yearly.
The announcement got here two weeks after Strategy announced a $4.2 billion at-the-market (ATM) providing on July 7, which features as an equity-raising mechanism designed to allow the agency to promote newly issued shares to purchase extra Bitcoin (BTC).
The brand new providing can be out there by way of an preliminary public providing (IPO) to “choose traders,” Saylor mentioned in a Monday X publish.
Blockchain compliance instruments can slash TradFi prices: Chainlink co-founder
Blockchain-based funding merchandise and compliance instruments are poised to change into greater than 10 occasions sooner and cheaper than conventional finance (TradFi) choices, spurring elevated digital asset adoption by monetary establishments.
Conventional monetary compliance merchandise are sometimes fragmented and costly attributable to advanced guide processes, leading to billions of {dollars} in prices.
“Compliance is an inefficient a part of the standard finance business that lots of people should not pleased about, together with id verification of AML and KYC,” Chainlink co-founder Sergey Nazarov advised Cointelegraph throughout the RWA Summit 2025 in Cannes.
“For those who examine what it prices and the way sophisticated it’s to make a compliant transaction within the TradFi world, our business ought to be capable of do it 10 occasions sooner and cheaper,” he mentioned. “It’s like an enormous price drawback for the TradFi business.”
Nazarov added that fixing this inefficiency might “unblock a bunch of establishments from with the ability to put capital onchain.”
Crypto hacks surpass $3.1 billion in 2025 as entry flaws persist: Hacken
Greater than $3.1 billion in crypto has been misplaced within the first half of 2025 attributable to points together with smart-contract bugs, access-control vulnerabilities, rug pulls and scams, based on a report from blockchain safety auditor Hacken.
This determine already exceeds the full of $2.85 billion from all of 2024. Whereas the $1.5 billion Bybit hack in February might have been an outlier, the broader crypto sector continues to grapple with safety challenges.
The distribution of loss varieties stays largely according to developments noticed in 2024. Entry-control exploits have been the first driver of losses, accounting for round 59% of the full. Good-contract vulnerabilities contributed about 8% of the losses, with $263 million stolen.
Yehor Rudytsia, head of forensics and incident response at Hacken, advised Cointelegraph that they noticed vital exploitation of GMX v1, with its outdated codebase being focused beginning in Q3 2025.
“Tasks should care about their previous or legacy codebase if it was not stopped from working fully,” Rudytsia mentioned.
CoinDCX declares white hat restoration bounty after $44 million hack
Indian cryptocurrency trade CoinDXC introduced a restoration effort after falling sufferer to a $44 million exploit on July 18, with the agency pledging a bounty for moral hackers who assist retrieve the stolen funds.
CoinDXC’s internal accounts used for “liquidity provision” have been exploited, resulting in $44 million value of cryptocurrency being stolen, whereas person funds remained unaffected.
In an effort to get better the stolen funds, CoinDCX CEO Sumit Gupta introduced a brand new restoration bounty program that gives white hat hackers as much as 25% of any recovered funds they may also help hint and retrieve.
“The publicity was from our personal reserves, and we’ve got already absorbed it by way of our company treasury,” mentioned Gupta in a Monday X post, including:
“Greater than recovering the stolen funds, what’s essential for us is to establish and catch the attackers, as a result of such issues shouldn’t occur once more, not with us, not with anybody within the business.”
The hack “doesn’t affect any of our prospects and the platform continues to run as regular,” he added.
DeFi market overview
In response to Cointelegraph Markets Pro and TradingView knowledge, many of the 100 largest cryptocurrencies by market capitalization ended the week within the purple.
Solana-native memecoin launchpad Pump.enjoyable’s (PUMP) token fell over 50% because the week’s greatest loser, adopted by the Sonic (S) token, down over 20% on the weekly chart.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be a part of us subsequent Friday for extra tales, insights and schooling concerning this dynamically advancing house.
