Today’s crypto landscape is marked by network shifts, structural expansions in Real World Assets (RWAs), and anticipated exchange listings. Here are some stories shaping the market.
Michael Saylor Says “Fiat currency is the problem”
Michael Saylor posted on X that “fiat currency is the problem” while companies and institutions strengthening Bitcoin are part of the solution. He quoted a River chart showing the average fiat currency lasts only 27 years before collapse or replacement, accompanied by data on severe purchasing power losses across history. Saylor called for unity in the Bitcoin community, urging members to debate ideas without labeling allies as enemies.
Tradable to Bring Up to $1B Tokenized Private Credit to Stellar
Tradable has agreed to tokenize and bring up to $1 billion in private credit assets to the Stellar network. The institutional-grade assets will leverage Stellar’s built-in compliance tools, privacy features, and low costs to boost liquidity and accessibility for real-world assets. Tradable, which has already tokenized $1.7 billion across nearly 30 private credit positions, will handle deal lifecycle management and investor onboarding. Stellar Development Foundation CEO Denelle Dixon noted that Stellar is the network regulated institutions choose for tokenizing RWAs.
Pi Network Redesigns Mining App UI
PiCoreTeam announced a refresh of the Pi mining app’s side menu and profile page. The update organizes features into clear sections like Featured Apps, Mining tools, and Pi Ecosystem, with the Mainnet Checklist now prominently displayed (currently at 8/9 steps). Aimed at easier navigation for its 60+ million users, the changes are live now and users can tap the hamburger menu to check them out and share feedback.
Binance Lists $AERO on Spot Trading with Seed Tag
Binance announced the addition of Aerodrome Finance’s native token $AERO to its spot platform, applying the Seed Tag to the new listing. Trading pairs including AERO/USDT, AERO/USDC, AERO/ETH, and AERO/SOL begin at 16:00 UTC July 17, 2026 after rescheduling from the initial 11:00 UTC plan.
BitGo Adds Custody Support for Onchain Sovereign Bond USDM1
BitGo Bank & Trust has announced institutional-grade qualified custody and off-exchange settlement support for USDM1, described as the world’s first natively issued onchain secured sovereign bond. Issued by the Republic of the Marshall Islands, the dollar-denominated bond is backed 1:1 by U.S. Treasuries and is available on Stellar, Ethereum, and Solana. Through BitGo’s Go Network, eligible institutional clients can use USDM1 as collateral and settle trades with T+0 off-exchange settlement, aiming to reduce settlement risk and improve capital efficiency.
Dutch Court Places Knaken Into Bankruptcy Proceedings
A Dutch court has placed crypto exchange Knaken’s operating company and its affiliated payments foundation into bankruptcy after finding they could not fully repay customers. The Rotterdam District Court said customer withdrawals had stopped, users were locked out of their accounts, and a significant funding shortfall had not been disclosed. Dutch prosecutors told the court that around €7 million was missing from customer balances. An independent bankruptcy trustee has now taken control of the wind-down process, replacing Knaken’s proposed customer repayment plan.
Bitcoin ETFs Extend Inflow Streak as Ethereum Sees Daily Outflows
Spot Bitcoin ETFs recorded a net inflow of 1,321 BTC (about $83.2 million) on July 17, extending their seven-day inflows to 137 BTC ($8.61 million), according to Lookonchain data. Meanwhile, spot Ethereum ETFs saw a daily net outflow of 2,353 ETH (around $4.27 million), although they remained firmly positive over the past week with net inflows of 54,009 ETH (approximately $98.1 million). BlackRock’s IBIT led Bitcoin ETF inflows on the day, while Fidelity’s FETH recorded the largest Ethereum ETF outflow.
