Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.31T
Market Cap
$2.31T
24h Trading Volume
$70.34B
BTC Dominance
56.22%
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Zcash Activates Ironwood, Blocks Counterfeit ZEC and Retires Orchard Shielded Pool
Zcash has activated Ironwood, a long-awaited upgrade built to close a supply-confidence crisis and make it impossible for any counterfeit ZEC to enter circulation. What changed - Ironwood retires the Orchard shielded pool — the private pool that held roughly 3.7 million ZEC (about $1.7 billion) — and begins migrating funds into a new shielded pool with redesigned rules. - A “turnstile” accounting mechanism limits how many ZEC can leave the old pool to the amount that can be cryptographically verified as deposited, meaning any counterfeit coins, if they exist, would be permanently trapped in Orchard and cannot contaminate circulating supply. - The upgrade also adds quantum-resistant transaction records and a formally verified proof circuit, steps intended to reduce the chance of similar vulnerabilities in future. Why Ironwood was needed The upgrade is a direct response to a vulnerability discovered in May by security researcher Taylor Hornby (who used the AI assistant Claude Opus 4.8 during analysis). The flaw, dating back four years, could have allowed an attacker to create counterfeit ZEC inside Orchard. An emergency patch was deployed in June, but because shielded transactions hide their details by design, there was no reliable way to prove whether the bug had ever been exploited. That uncertainty triggered a sharp market reaction: ZEC plunged about 38% as investors scrambled to re-evaluate the coin’s supply integrity. How the market reacted When Zcash founder Zooko Wilcox proposed Ironwood — replacing Orchard with the new pool and the turnstile accounting system — sentiment shifted. The market recouped roughly $2.5 billion in value in early June as investors welcomed the fix. Today ZEC trades around $464, leaving Zcash with a market capitalization just under $8 billion. Rollout timeline Developers completed extensive testing by July, while exchanges, wallets, and mining pools prepared for the switch. With Ironwood now live, the network is moving users into the new shielded pool and enforcing the new accounting rules. Privacy trade-offs and cautions Not everyone is unconcerned about the migration process. Privacy infrastructure provider Nym warned that forcing every holder to move funds into the new pool creates a temporary privacy risk: under normal shielded usage, amounts aren’t revealed to a wallet server, limiting network exposure. During the migration, however, users who move funds without extra protections could leak information linking their IP addresses to wallet balances. Zcash developers have echoed that concern in practice guidance: don’t rush the migration, and use privacy tools such as Tor or NymVPN when transferring funds to minimize exposure. Bottom line Ironwood aims to close a critical safety loop for Zcash by ensuring counterfeit coins can’t contaminate supply while hardening the protocol against future risks. The upgrade restores a clearer supply picture for investors, but users should follow migration guidance and use privacy tools to avoid a temporary increase in traceability during the transition. Read more AI-generated news on: undefined/news
Clarity Act Shelved and Fed Jitters Drag XRP Down; 'Death Cross' Intact
XRP faded Monday as macro pressure and political setbacks sapped a short-lived burst of optimism for the token. Why markets are jittery - The macro picture is one of the toughest this year for risk assets. New Fed Chair Kevin Warsh is widely expected to hold the policy rate at 3.50%–3.75% at his second FOMC meeting, but CME FedWatch showed hike odds near 38% as recently as last weekend—the highest of this cycle. Even a hawkish “hold” can spook crypto markets. - Bitcoin remains well under its June highs, trading around $63,400–$64,000, and smaller-cap altcoins are bearing the brunt of the weakness. The Clarity Act flip-flop - XRP briefly rallied in mid-July after reports that President Trump had agreed to an ethics provision tied to the Clarity Act. The coin rose about 3.25% to $1.1485 on July 21 and decentralized betting markets nudged Senate passage odds to roughly 43%. - That momentum evaporated when the Senate formally shelved the bill Monday to prioritize a Russia sanctions package and federal nominations. With the chamber’s August recess starting around August 7, the window to pass the bill this year is extremely tight—miss it and a floor vote may not reappear until late 2026 or even 2027. - Why it matters: the Clarity Act would codify XRP’s classification as a commodity, a legal foundation many custodians, banks and potential ETF issuers need before committing capital and product launches. Standard Chartered’s conditional $8 XRP price target depends directly on full Senate passage plus $4–8 billion of ETF inflows—an outcome now much less likely in the near term. Price, market structure and indicators - Current price action (Binance): around $1.0641, ~ $65 billion market cap; 24-hour range $1.0450–$1.0679. - Trend: XRP peaked near $3.40 in mid-2025 and has been in a sustained down channel since, printing lower highs and lower lows. - ADX: 11.2 — a very weak reading that signals no confirmed trend and a choppy market environment (anything below 25 is trendless; sub-20 is associated with false breakouts and stop hunting). - Directional indicators: DI- is losing dominance and DI+ is starting to rotate higher — a small constructive sign, but not yet decisive. - EMAs: the 50-day EMA sits below the 200-day EMA (a “death cross”), indicating the medium-term bias is still down and there’s no sign of convergence. - RSI: 40.9 — bearish but not deeply oversold, so there’s limited panic-buying incentive at current levels. - Fibonacci support for the current leg runs from $1.1646 down to $1.0450; beneath that, key supports are $1.0125 and $0.9711. What to watch next Two catalysts will likely determine XRP’s near-term path: 1) The Fed statement and tone. A dovish hold or hint of cuts could spark a crypto-wide relief rally and push XRP toward the $1.10–$1.12 “golden zone.” A hawkish hold or visible dissent could drive prices down to $1.01 and potentially toward $0.97. 2) The Clarity Act timeline. If Congress doesn’t act before the August recess, XRP loses its primary institutional catalyst until late 2026—or possibly longer—making any institutional-driven rallies unlikely in the near term. Bottom line Technically and politically, patience looks warranted. With ADX at 11.2, negative momentum on the squeeze, and a death cross intact, XRP can stay rangebound or compress for longer than many expect. Short-term bounces are possible, but without a macro or legislative catalyst they are more likely to be selling opportunities than the start of a sustained uptrend. Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Read more AI-generated news on: undefined/news
Major U.S. Banks Launch Tokenized-Deposit Network to Take on Stablecoins
Headline: Big U.S. Banks Launch Shared Tokenized-Deposit Network to Rival Stablecoins A coalition of major U.S. banks led by JPMorgan Chase, Bank of America, Citigroup and Wells Fargo is building a shared tokenized-deposit network intended to bring 24/7 blockchain payments into the regulated banking system. The Clearing House, the bank-owned payments firm, will run the platform, which aims to let participating institutions clear and settle tokenized deposits around the clock while linking on-chain activity to existing payment rails. What it is and how it differs from stablecoins - Tokenized deposits are digital claims on funds held at commercial banks. Unlike stablecoins, the underlying money stays inside the regulated banking system and keeps the same legal status as ordinary deposits. - The banks hope tokenized deposits can offer the speed, programmability and automation that make stablecoins attractive—without taking customer funds off bank balance sheets. Planned use cases and early customers - The initial focus will be on multinational corporations, with use cases that include programmable treasury operations, real-time liquidity management, automated payments and cross-border transfers. - The Clearing House CEO David Watson called the project “a big move for the banks,” signaling a strategic push to capture institutional on-chain payments. Who’s involved and the tech gap - More than a dozen institutions back the initiative, including BNY, HSBC, PNC, Santander, TD Bank, Truist and U.S. Bank. A blockchain provider has not yet been selected. - JPMorgan and Citigroup already run separate blockchain payment services—JPMorgan’s Kinexys platform processes roughly $7 billion in average daily volume and has handled over $40 trillion since launch, while Citi Token Services operates across the U.S., U.K., Singapore and Hong Kong, moving billions via its network. - The new shared system aims to let tokenized money flow between banks’ previously closed networks, but success will depend on agreeing common technical and operational standards and tying the network into existing bank systems. Market context and competitive pressure - Stablecoins already provide 24/7 transfers, programmable settlement and cross-network access; about $263 billion of them are in circulation, creating an established market banks must contend with. - Deposit tokens would replicate many settlement features while keeping deposits on bank balance sheets—yet banks will have to reconcile competitive tensions as they pursue the same corporate clients. Regulatory backdrop and industry lobbying - The push comes as banking groups press the Senate to tighten stablecoin rules under the CLARITY Act. The American Bankers Association, Independent Community Bankers of America and 76 state banking associations have urged lawmakers to block crypto platforms from offering incentives that act like interest on deposits. - Current draft language would bar passive interest-like returns on stablecoins while allowing rewards tied to payments or other qualifying activity—language that banking groups say could still let crypto firms lure deposits away from banks. - Goldman Sachs has broken with parts of the bank lobby: CEO David Solomon supports advancing the CLARITY Act to provide federal clarity for digital assets, even if he sees the bill as imperfect. JPMorgan’s Jamie Dimon and other executives warn that the reward provisions could disadvantage regulated banks. Next steps and timeline - The Clearing House plans to extend access beyond the initial participants so smaller banks can tap shared blockchain payment infrastructure. Key next steps are selecting the underlying technology, agreeing operating standards and integrating with legacy bank systems. - The consortium targets the first half of 2027 for rollout, though no definitive launch date has been announced. Multinational corporations will be the first test case to see whether regulated deposit tokens can match stablecoins’ speed and programmability without moving funds outside the banking sector. Bottom line: if banks can agree on the tech and governance, a shared tokenized-deposit network could become a regulated alternative to stablecoins for institutional payments—potentially reshaping how corporate treasury, cross-border and real-time payments are handled. Read more AI-generated news on: undefined/news
Kansas Teacher Arrested for Clapping at AI Data Center Hearing: Crypto-Era Energy Flashpoint
A Kansas physics teacher was arrested and carried out of a city commission meeting after applauding opponents of a proposed 1,000-acre AI data center, highlighting growing tensions around large-scale tech infrastructure projects that resonate with crypto-era disputes over energy and local impact. What happened - Lux Claridge, a physics teacher at Emporia High School, was handcuffed and removed from an Emporia city commission session after applauding multiple times in support of a speaker criticizing the proposed Flint Hills Digital Campus, a 1,000-acre AI data center. Local broadcaster KWCH reported the incident. - Commission staff had warned attendees that clapping, snapping and other demonstrations would be treated as disruptions. After a final warning, police escorted Claridge out and the meeting continued. - Claridge posted bail and told KWCH, “I’m glad to be out—but this is an inconvenience, really. It’s not really deterring me from speaking out or, I guess, clapping.” He plans to plead not guilty at his September court appearance. - The Emporia Police Department said it is committed to keeping public meetings safe while respecting residents’ rights to participate in civic processes. - Claridge’s brother, David, told KWCH he expects the case to be beaten in court and suggested pursuing recalls: “This is insane to me.” Local decision and broader fallout - Despite the disruption, the Emporia city commission ultimately approved the zoning changes needed for the project. - The clash in Emporia is part of a broader wave of resistance to AI data centers across the U.S., driven by concerns about electricity demand, water consumption, noise, and tax incentives—issues that have previously surfaced with other heavy-tech developments, including crypto-mining operations. - A Brookings report in January noted that local concerns over power, water and noise are slowing or reshaping proposed AI data center developments. - In April 2026, Maine lawmakers approved a bill that would temporarily pause construction of large AI data centers while officials assess community impacts. - Reuters reported earlier this month that opponents organized 142 protests across 42 states in what was described as the first coordinated nationwide demonstrations against the rapid expansion of AI infrastructure. Protesters have called for more transparency in approvals, stronger protections for water and energy resources, community benefits and developer accountability. - A June Reuters/Ipsos poll found only 14% of Americans would support an AI data center being built in their own community, underscoring the political sensitivity of such projects. Why crypto readers should care - The Emporia incident underscores a growing pattern: as demand for data processing and storage surges, communities are pushing back against facilities that can strain local utilities and alter tax and land-use landscapes—concerns long familiar to observers of crypto mining and other energy-intensive tech infrastructure. - For companies, policymakers and investors in crypto and AI infrastructure, the episode is a reminder that local politics, regulatory responses and community consent can materially affect project timelines and costs. What to watch next - Claridge’s court appearance in September and any legal outcomes from the arrest. - How Emporia implements the approved zoning changes and whether developers proceed quickly or face further local hurdles. - Legislative or regulatory responses in other states as protests and public scrutiny of AI data centers continue. Read more AI-generated news on: undefined/news
Blockaid: Record $1.1B in H1 2026 Crypto Losses as Attackers Shift Off‑Chain
Crypto losses hit record $1.1B in H1 2026 as attackers move off-chain, Blockaid finds Crypto security breaches cost the industry roughly $1.1 billion across 212 verified incidents in the first half of 2026, a new Blockaid report published July 28 shows. The six-month toll is a record for the firm — Blockaid verified more exploits in H1 2026 than it did for the entire year of 2025 — and the incident count was 3.4 times Blockaid’s 2025 total. A major theme: attackers are increasingly targeting people and infrastructure rather than just buggy smart-contract code. Operational-security failures — compromised devices, stolen credentials, private keys, signing systems and poisoned off-chain infrastructure — accounted for 74% of the stolen value. One cluster of attacks that Blockaid tied to the Democratic People’s Republic of Korea accounted for about 55% of total losses. Why this matters: when attackers control valid credentials or signing systems, they can produce seemingly legitimate on-chain transactions that code audits alone cannot stop. Blockaid says that shift has produced new attack vectors in H1 and warned some could expand in H2. Network and incident highlights - Ethereum-linked projects lost about $332 million. Much of that was tied to code vulnerabilities, but the single largest Ethereum-linked case was KelpDAO: attackers released 116,500 rsETH (roughly $292 million) from a bridge contract by falsifying a source-chain message. Chainalysis linked the April 18 KelpDAO breach to North Korea’s Lazarus Group. KelpDAO completed an operational phase of its recovery plan on May 25 — transferring a final 20,373.72 rsETH into its bridge adapter — and resumed minting, redemptions and rewards, although litigation and disputed claims over frozen funds remain unresolved. - Solana-related projects lost roughly $326 million. More than 98% of those losses, Blockaid found, came from compromised keys and signing infrastructure rather than smart-contract bugs. Drift Protocol and Step Finance were the biggest contributors to that total; smaller code-related incidents hit projects such as Raydium and Volo. - The report stresses that network totals don’t demonstrate an inherent safety difference between blockchains — they reflect which applications were targeted, how teams managed privileged access, and whether a single large incident skewed a six-month total. Notable attacks and recoveries - Drift: A privileged-access assault on April 1 used months of social engineering and pre-signed durable-nonce transactions to seize administrative control, according to Chainalysis. Drift’s April 16 recovery update valued stolen assets at $295.7 million (higher than some early estimates used by Blockaid). Drift has proposed a recovery pool backed by exchange revenue, Tether (up to $127.5 million proposed), $20 million from other partners and a transferable recovery token. The protocol said relaunch would require independent audits (OtterSec and Asymmetric), dedicated signing devices, timelocks and a redesigned multisig. The theft remains an active on-chain case: a wallet tied to the exploiter moved 23,095.1 ETH (about $44.4 million) into Tornado Cash between July 23–24 after roughly three months of dormancy. - Step Finance: Executive devices were compromised and treasury-controlled assets of up to $40 million were drained. The team recovered about $4.7 million but ultimately shut down after financing and acquisition discussions failed to produce a sustainable path forward. Blockaid’s recommendations and what to watch in H2 Blockaid expects teams to prioritize operational controls that address these non-code attack vectors. Key mitigations the firm recommends include: - Transaction-intent checks to detect and block suspicious authorized transactions - Isolated, hardware-backed signing devices and stricter key segregation - Stronger monitoring and attestation across bridges, RPC nodes and other off-chain infrastructure Blockaid cautions that these are safeguards, not guarantees. Upcoming events likely to generate the next verified updates include Drift’s recovery-token terms and relaunch timetable, Step Finance’s remaining claims process, ongoing court proceedings tied to frozen KelpDAO funds, and any public asset seizures by law-enforcement agencies. Bottom line: H1 2026 shows a clear shift in attacker strategy toward compromising people and infrastructure to obtain valid signing power. That evolution reduces the protective value of traditional audits and forces on-chain teams to invest more heavily in operational security, key custody, and cross‑infrastructure monitoring going into H2. Read more AI-generated news on: undefined/news
ARK: Crypto Faces Deepest Consolidation as Two Apps Capture 67% of App Revenue
ARK Invest researcher warns of accelerating crypto consolidation as revenue concentrates Lorenzo Valente, ARK Invest’s director of digital assets research, warned on July 28 that crypto is entering its deepest consolidation phase yet: capital and revenue are flowing toward a small number of firms while many projects, exchanges and teams face closures, restructurings or sale. Valente said two apps — Hyperliquid and Pump.fun — together account for 67% of application revenue, and that adding Ethena pushes the top-three share to nearly 80%. He expects more mergers and acquisitions, Chapter 11 filings, shutdowns and talent-focused hires in the months ahead. Methodology caveats Valente’s post did not disclose the dataset, category definitions or the measurement period behind those percentages, so the 67% and 80% shares should be read as his analysis rather than independently confirmed industry-wide statistics. Public dashboards and earlier ARK research show similar concentration trends but with different numbers depending on definitions and timeframes. How prior ARK data compares ARK’s Q1 2026 DeFi report reported a roughly 23% quarter-over-quarter drop in total application revenue to about $485 million. In that quarter Hyperliquid generated about $145 million, Pump.fun about $123 million and Axiom about $58 million — and those three apps accounted for roughly 67% of tracked application revenue through March 31. That differs from Valente’s July post but does not necessarily contradict it; the discrepancy could reflect a later period or alternate classification. Why methodology matters Current public trackers illustrate the point. DefiLlama shows 30‑day protocol revenue of $37.46 million for Hyperliquid, $20.32 million for Pump.fun and $14.41 million in fees for Ethena — but only about $42,365 in retained protocol revenue for Ethena after costs. Gross fees, reported revenue and retained protocol revenue are different measures; comparing them interchangeably can mislead. Recent shutdowns, bankruptcies and wind‑downs Several high-profile cases back the consolidation thesis: - Storj Labs filed voluntary Chapter 11 in the U.S. Bankruptcy Court for the Northern District of West Virginia on July 26 (case 5:26-bk-00512). Storj says it will keep its storage network running while it restructures legacy obligations under court supervision. - BitMEX announced it will close its exchange on Sept. 23 after parent HDR Global Trading completed a strategic review. Users must close positions and withdraw funds before that date. - BitMart halted new registrations and deposits on July 26, plans to end trading on Aug. 26 and intends to cease platform operations on Jan. 31, 2027. - ZeroLend announced a shutdown in February citing sustainability, liquidity and operational risks. - RootData’s 2026 “dead-project” archive lists 99 projects that either announced closures, entered bankruptcy or remained unavailable for extended periods. That figure bundles multiple failure and inactivity types and should not be read as 99 pure insolvencies. Consolidation via acquisitions Not all exits are failures: consolidation is also happening through strategic deals. On July 27 Payward, Kraken’s parent company, agreed to buy Magic Labs’ wallet-as-a-service business. Payward said the acquired infrastructure has supported more than 60 million wallets, over $10 billion in stablecoin volume and about 200,000 developers. The transaction will add embedded non-custodial wallets to Payward Services; financial terms were not disclosed and the parties expect the deal to close within weeks. Signs of weakening activity at top earners Valente’s point that a project can remain a top earner while activity softens holds in practice: Pump.fun’s revenue and volume remain below 2025 levels despite product and fee changes. In short, leadership in revenue does not necessarily mean growth or resilience. What to watch next The next confirmed milestones will come from corporate deadlines and court filings: BitMEX’s Sept. 23 wind-down, BitMart’s Aug. 26 trading cutoff, and Storj’s Chapter 11 motions and creditor processes. Payward’s Magic Labs acquisition is expected to close within weeks. Valente did not provide a numerical forecast for the pace of future deals or bankruptcies; his outlook is a forward-looking assessment grounded in recent examples rather than a formal timetable. Bottom line Multiple data points and recent corporate actions indicate rising concentration in crypto revenue and a wave of consolidation across exchanges, lending protocols and infrastructure. The exact scale and speed depend heavily on how revenue and application categories are measured, so readers should treat headline concentration figures as contingent on methodology. Read more AI-generated news on: undefined/news