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Pendle co-founder TN and Head of Growth Dan reviewed the developments in the first half of 2026 during the latest community meeting and announced the roadmap for the second half of the year. The team stated that in the first half, Pendle's ecosystem focused on building fixed income infrastructure, with Pendle V2 continuing to solidify its position as an on-chain fixed income protocol, while Boros made initial progress in the on-chain interest rate derivatives market.Data shows that Pendle V2 had an average daily TVL of approximately $1.3 billion in the first half of the year, with 9 out of the 11 major markets on the platform adopting real-world assets (RWA) as collateral, reflecting that institutional funds are continuously flowing into the RWA sector. Additionally, Pendle has launched on the Monad network and within less than a month became one of the top five protocols by TVL on that network, with a locked amount of approximately $150 million. In terms of protocol upgrades, Pendle has completed the migration from vePENDLE to sPENDLE, with about 36% of PENDLE currently staked, of which 93% of stakers have not yet unstaked. The protocol has also utilized revenue to repurchase approximately 2 million PENDLE and significantly reduced weekly liquidity incentives from about 90,000 to 21,000, further enhancing capital efficiency.At the same time, Pendle launched an in-app one-click Loop feature to simplify the operational process of leveraged yield strategies. Another core product, Boros, has surpassed $14 billion in cumulative trading volume within less than a year since its launch, with the number of users increasing by 50% since the beginning of the year. It has also introduced four-legged arbitrage strategies, acceptance of block trades, and a funding rate data dashboard to meet professional trading needs. Looking ahead to the second half of 2026, Pendle will focus on advancing curation infrastructure, allowing external teams to create PT/YT markets, and promoting PT assets as collateral for lending protocols; at the same time, it will collaborate with partners like Morpho to launch Pendle-branded yield vaults, expanding distribution channels for fixed income products. In terms of institutional business, the team is working with several RWA issuers in New York, planning to introduce tokenized ETFs, single bonds, and other on-chain yield products to Pendle, creating a platform for institutional RWA yield discovery and distribution. Boros will shift its strategic focus to cross-exchange funding rate arbitrage, prioritizing services for institutional arbitrageurs, and plans to launch a peer-to-peer acceptance market, funding rate visualization tools, and one-click strategy products for ordinary users, further improving the on-chain interest rate derivatives ecosystem.

According to official social media news, Huobi HTX will hold a themed debate titled "The Life and Death of Privacy and Regulation: Will Privacy Coins Eventually Be Eliminated, or Will They Experience a Dark Explosion?" today at 8 PM. At that time, representatives from the affirmative side, including Yi Ge, Dog Treasure, Draco, and Qiang Ge, will engage in a heated exchange with representatives from the opposing side, DaDa, Sasaki Hoshino, Volcano Brother, and FomoDao, focusing on hot topics such as the future development of privacy coins, regulatory pressure, technological value, and market demand.

As of July 23, according to the ranking data from RootData for stock derivatives exchanges, Binance, Bybit, and Bitget occupy the top three positions. This list is based on a comprehensive scoring of exchanges supporting stock derivatives trading, evaluated on dimensions such as trading volume, open interest, spreads, depth, trading costs, and data collectability, among which:Binance scored 92, supports 143 contracts, with an open interest of approximately $2.713 billion, a 24h trading volume of approximately $17.685 billion, and a funding rate of +0.0003%.Bybit scored 91.3, supports 131 contracts, with an open interest of approximately $95.9587 million, a 24h trading volume of approximately $920 million, and a funding rate of +0.0004%.Bitget scored 91.2, supports 252 contracts, with an open interest of approximately $757 million, a 24h trading volume of approximately $2.123 billion, and a funding rate of +0.0003%.It is worth noting that Bybit has entered the top two for the first time, but its open interest of approximately $95.9587 million is still the lowest among the top three exchanges, showing a significant gap compared to Binance and Bitget.

Zilliqa stated that there is a serious random number generation vulnerability in the Zilliqa Ledger application, affecting the Schnorr signatures of native non-EVM Zilliqa transactions. Attackers can recover the signer's private key from the biased temporary random numbers using only publicly available on-chain data.Any account that has signed and broadcasted about 5 or more native transactions through the Zilliqa Ledger application should be considered compromised. Since the related signatures are permanently recorded on the chain, subsequent updates to the application cannot eliminate the risk, and the affected private keys must be deactivated. EVM transactions and development tools such as zilliqa-js, gozilliqa-sdk, and pyzil are not affected.The vulnerability arises from the application selecting the wrong 32 bytes when copying the random number, retaining 8 bytes of zero padding and losing 8 bytes of entropy, resulting in each random number having a maximum of 64 bits fixed to zero. Attackers can use 5 or more affected signatures to recover the private key within seconds using ordinary hardware. Zilliqa observed suspected active exploitation on July 19 and confirmed the root cause on July 21.Zilliqa has suspended native transactions to prevent further loss of funds and is preparing a revised application with Ledger. However, the revised version cannot protect the exposed keys, and affected users should not transfer assets on their own but wait for the official announcement of a coordinated disposal plan.

According to DigitalToday, the Korea Internet & Security Agency (KISA) and the Ministry of Science and ICT have launched the "Deposit Token Payment Infrastructure Expansion Project," which will extend the results of South Korea's CBDC pilot "Project Hangang" into the private payment sector.The project is overseen by the Financial Settlement Agency, with participation from 9 banks, 8 payment gateways, and 2 large demand-side entities, with a total budget of 9.6 billion KRW, aimed at reducing payment fees for small and micro merchants. The project utilizes existing payment systems rather than building new infrastructure, allowing users to complete payments through bank deposit token wallets without requiring merchants to change terminals.The government also plans to apply deposit tokens to a pilot for official travel expenses and explore a treasury fund management model linked with dBrain. Approximately 3 billion KRW of the total project budget will be invested in the development, operation, and promotion of small and medium-sized enterprises, startups, and IT companies, while participating banks will separately advance about 4.5 billion KRW in related businesses.

Ethereum Improvement Proposal EIP-8222 aims to separate staking deposits from withdrawals through a STARK-based cryptographic mechanism and to re-anonymize validators to reduce the traceability of validator activities. Currently, about one-third of ETH is staked.Thibault Dubuis, Head of Staking and Decentralized Finance Products at Sygnum Bank, stated that the current deposit addresses, validators, and withdrawal credentials create visible links, making institutional holdings, entry times, and staking strategies nearly public. This proposal is still in the discussion phase and has not yet scheduled a deployment time. Its design may involve arrangements such as fixed deposit denominations and asset withdrawal waiting periods, and institutional users may need to bear higher execution costs, process delays, and compliance work.

According to The Block, the Ethereum privacy infrastructure project Aztec has announced the launch of the complete v5 Execution Layer Alpha version, bringing multiple cryptographic optimizations aimed at achieving client-side ZK Proving with second-level generation on mobile phones and consumer-grade laptops.Aztec stated that the v5 Execution Layer reduces the computational burden required for local proof generation by optimizing the zero-knowledge proof generation process, allowing users to complete privacy transaction proofs without relying on large servers. This improvement is expected to further promote the widespread application of zero-knowledge technology.

According to the latest ranking of stock derivatives exchanges released by RootData, Binance, MEXC, and Bybit are in the top three. The list is based on comprehensive scoring of exchanges supporting stock derivatives trading, considering dimensions such as trading volume, open interest, spreads, depth, trading costs, and data collectability. Among them:Binance scored 92, supports 136 contracts, has an open interest of approximately $2.539 billion, a 24h trading volume of approximately $15.765 billion, and a funding rate of +0.0002%.MEXC scored 91.6, supports 46 contracts, has an open interest of approximately $93.515 million, a 24h trading volume of approximately $28.4 million, and a funding rate of -0.0002%.Bybit scored 91.4, supports 122 contracts, has an open interest of approximately $91.865 million, a 24h trading volume of approximately $666 million, and a funding rate of +0.0006%.Compared to the same period last week, Bitget dropped from second to fourth place, and OKX dropped from third to sixth place.

SanDisk (SNDK) and Micron Technology (MU) stock prices have rebounded, and the market attention on related assets continues to rise. According to Gate market data, SanDisk (SNDK) is currently priced at $1,390.52, with a 24-hour increase of 2.52%; Micron Technology (MU) is currently priced at $866.18, with a 24-hour increase of 2.00%. Along with the fluctuations in the sector, trading of related derivatives for the two major assets remains active. According to Coinglass data, the 24-hour trading volume for Gate SNDK contracts reached $163 million, with an open interest of $32.33 million; the 24-hour trading volume for Gate MU contracts reached $37.59 million, with an open interest of $18.08 million, making the trading activity among the highest in the network.

Solv Protocol announced on platform X that on July 13, the BTC+ contract on the BNB Smart Chain suffered a security incident. After investigation, it was found that the attacker compromised the deployer's private key and upgraded the BTC+ minting proxy contract on BSC, minting unauthorized BTC+ tokens. The team completed the emergency response within three hours, isolating the malicious contract and freezing, destroying, or isolating all unauthorized BTC+. All underlying BTC assets are safe.As a precaution, the subscription and redemption of BTC+ have been suspended, with a recovery expected within two weeks. BTC+ has never established an official liquidity pool on any DEX, and users should only obtain and hold BTC+ through official Solv channels. The team has upgraded the deployer's security measures, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit, with a detailed post-incident analysis report to be released subsequently.

According to the ranking data from RootData on stock derivatives exchanges, as of the time of writing, MEXC has the largest spread among the top ten exchanges, reaching 1.35%.The current top three rankings are Binance, Bitget, and Bybit. Among them, Binance has a score of 92 and a spread of 0.021%; Bitget has a score of 90.6 and a spread of 0.053%; Bybit has a score of 90.3 and a spread of 0.124%.

According to the official announcement, Kraken Pro has launched European-style cash-settled options contracts for Bitcoin (BTC) and Ethereum (ETH) for eligible professional and institutional clients. The new contracts feature a linear structure and are settled in USD, with the first batch supporting weekly, monthly, quarterly, and semi-annual expiration dates, traded through a request-for-quote (RFQ) mechanism.The platform defaults to combined margin, with spot, futures, and options sharing a unified wallet, supporting over 30 currencies as collateral. Kraken stated that it plans to introduce a public order book in the future, expand asset coverage, and expects to open to the European market in the second half of 2026.

The privacy network Dash announced on the X platform that the Orchard privacy pool has officially launched on its mainnet, with technology derived from the Zcash Orchard protocol, supporting 1-second confirmations and approximately 20 seconds for wallet synchronization.Dash stated that the privacy features for privacy stablecoins and other assets will be launched subsequently.

Programmer Stefan Thomas holds an IronKey encrypted USB drive containing the private keys for 7,002 bitcoins, which were earned as a reward for his 2011 educational video "What is Bitcoin?" Recently valued at approximately $111,000 each, this amounts to about $777 million.The IronKey device is set to permanently lock and delete its contents after 10 incorrect password attempts. Thomas has tried 8 times and has only 2 attempts left. The manufacturer Kingston stated that there are no backup passwords or alternative recovery methods aside from the original password set by the user. Thomas has sought assistance from the digital forensics company Naxo and security researcher Chris Tarnovsky, and he previously declined Unciphered due to having reached a verbal agreement with both teams. As of the end of 2025, the IronKey remains stored in a Swiss vault, with no confirmation of a successful recovery by mid-2026.

According to the Ethereum Magicians forum, developer Leo Glisic officially released Privacy Guardians 2 and announced the open-sourcing of its design. The project is positioned as a decentralized privacy payment system aimed at maximizing privacy protection for on-chain payments to combat issues such as freezing and monitoring present in centralized payment solutions (like OUSD launched by Corpo Consortium).The current V1 version includes multiple modules such as private payment mechanisms, insurance mechanisms, honeypot designs, exchange rate management, liquidity pools, and metadata processing. Glisic stated that this version is still in the early stages and has significant room for optimization in areas such as cryptographic security, incentive mechanism alignment, and capital efficiency, and he called on the community to participate in its improvement. The white paper has been simultaneously published on glisic.xyz.

The tokenization platform Tradable plans to bring up to $1 billion in private credit assets to the Stellar blockchain to expand institutional access to tokenized RWA. The initiative is expected to launch with $500 million in nominal value assets and will gradually increase to $1 billion over time. Tradable will utilize the Stellar network to support institutional functions such as compliance, investor onboarding, and asset lifecycle management, with the specific launch date yet to be disclosed.Tradable stated that it has tokenized $1.7 billion in private credit assets across nearly 30 institutional-grade private credit positions. Denelle Dixon, CEO of the Stellar Development Foundation, noted that the initiative reflects growing institutional interest in using the Stellar network for tokenized RWA. Stellar has recently continued to focus on tokenized RWA and has attracted institutional partners such as the Depository Trust & Clearing Corporation.

According to the latest stock derivatives exchange ranking data from RootData, as of the time of publication, Binance, MEXC, and Bitget are in the top three. This list is based on comprehensive scoring of exchanges supporting stock derivatives trading, considering dimensions such as trading volume, open interest, spreads, depth, trading costs, and data collectability. Among them:Binance scored 91.6, supports 130 contracts, with an open interest of approximately $2.326 billion (-51.55%), and a 24h trading volume of approximately $16.392 billion (-22.63%), with a funding rate of +0.0003%.MEXC scored 91.3, supports 43 contracts, with an open interest of approximately $109 million (-0.55%), and a 24h trading volume of approximately $304 million (+18.93%), with a funding rate of +0.001%.Bitget scored 90.6, supports 233 contracts, with an open interest of approximately $733 million (-35.27%), and a 24h trading volume of approximately $1.711 billion (-34.64%), with a funding rate of +0.001%.Compared to yesterday, MEXC's ranking has jumped to second place, Binance's open interest has decreased by 51.55%, and Bitget's open interest has decreased by 35.27%.

According to official news, the closed-end investment company RoboStrategy, focused on robotics and physical AI, announced the completion of a series of private equity issuances, issuing 450,684 shares at a weighted average price of approximately $35.5, raising about $16 million.Among them, RoboStrategy CEO Andrew Kang subscribed to 272,405 shares at a price of $36.71 million, investing approximately $10 million.

According to The Block, the Tokenization platform Tradable, invested by ParaFi Capital, plans to migrate approximately $1 billion of private credit assets from the Ethereum Layer 2 ZKsync to the public blockchain Stellar. Tradable was established in 2024 and provides on-chain infrastructure for the full lifecycle management of private credit, compliance controls, and investor account opening. Last year, it tokenized approximately $1.7 billion and nearly 30 institutional-level private credit positions on ZKsync.This migration aims to leverage Stellar's user base and compliance and privacy features in the institutional tokenization field to provide high-quality on-chain private credit investment opportunities to traditional asset managers. Stellar has previously hosted RWA products and stablecoin pilots for Franklin Templeton, WisdomTree, Ondo Finance, Figure, and others.