Institutional adoption and blockchain infrastructure remained the key themes on July 28 as Tether expanded its footprint in Africa through a strategic partnership with Kenya’s Nairobi Securities Exchange. The Cardano Foundation introduced another enterprise blockchain use case focused on financial transparency, while Sei Labs outlined a long-term roadmap for post-quantum security.
In DeFi, 1inch launched a major liquidity incentive campaign to boost activity on its Aqua protocol. Meanwhile, spot Bitcoin and Ethereum ETFs returned to net inflows following Monday’s broad selloff, signaling renewed institutional demand despite cautious market sentiment.
Tether partners with Nairobi Securities Exchange
Tether signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) to collaborate on digital asset education, blockchain innovation, and tokenization initiatives. The partnership also aims to explore blockchain-based securities settlement, fractional ownership of tokenized assets, and educational programs for brokers, institutional participants, and retail investors in Kenya.
Africa continues to emerge as one of the fastest-growing crypto regions, driven by stablecoin adoption and demand for alternative financial infrastructure. By partnering with one of the continent’s leading stock exchanges, Tether is extending its strategy beyond stablecoins into tokenized capital markets and regulated financial infrastructure.
Cardano Foundation brings enterprise transparency on-chain
The Cardano Foundation partnered with Germany-based Reef Data eG to integrate its Reeve reporting platform into the cooperative’s operations. The platform records financial activity on the Cardano blockchain, creating immutable and verifiable audit trails for cooperative members, auditors, and regulators.
Enterprise blockchain adoption increasingly revolves around transparency, compliance, and auditability rather than cryptocurrency payments. This deployment showcases how public blockchains can support real-world financial reporting without changing existing business operations.
Singapore Police and FBI Sign Anti-Scam MOU
The Singapore Police Force (SPF) and the United States Federal Bureau of Investigation (FBI) have signed a Memorandum of Understanding (MOU) to deepen cooperation against online scams, cyber-enabled fraud and money laundering. The agreement was signed on July 24 at the US Embassy in Singapore by SPF Deputy Commissioner (Investigation and Intelligence) Zhang Weihan and FBI Assistant Director for the Criminal Division Heith R. Janke.
The SPF said the agreement reflects a long-standing partnership between the two agencies, spanning joint operations, information sharing, training, capacity-building and mutual assistance on transnational crime. In its statement, the force said the MOU “symbolises the SPF and the FBI’s shared resolve” to disrupt criminal syndicates targeting citizens in both countries.
Sei introduces post-quantum security proposal
Sei Labs unveiled SIP-5, a governance proposal outlining how the network could gradually migrate to quantum-resistant cryptographic signatures. Existing accounts would have a structured migration path before quantum computing becomes a practical security threat.
Although large-scale quantum computers capable of breaking current cryptography do not yet exist, blockchain developers are increasingly preparing for future risks. Networks that establish migration paths early may avoid rushed upgrades if quantum computing advances faster than expected.
1inch launches $10M liquidity incentive campaign
1inch introduced 10 million 1INCH tokens in liquidity rewards for Aqua liquidity providers, with an additional 500,000 USDC provided through the 1inch DAO. According to an X post, BNB Chain becomes the first co-incentive partner, with rewards scheduled to run for three months across more than 80 trading markets.
Fortitude expands Zcash mining capacity
Digital Currency Group-owned Fortitude Mining has energized its new 12 MW digital asset mining facility in Grand Island, Nebraska, completing construction and validating the site’s electrical infrastructure ahead of full-scale operations. The vertically integrated Zcash mining company said the milestone comes shortly after announcing its proposed business combination with HeartSciences Inc. (Nasdaq: HSCS). This deal aims to take Fortitude public and expand its mining operations.
Crypto ETFs return to positive flows
According to Lookonchain, Spot Bitcoin ETFs recorded a daily net inflow of 20 BTC ($1.23 million), reversing Monday’s losses. BlackRock’s IBIT and Fidelity’s FBTC saw modest outflows, while other ETF issuers offset those declines. Despite Tuesday’s recovery, Bitcoin ETFs remain down 3,170 BTC ($200.23 million) over the past seven days.
Ethereum ETFs attracted 11,285 ETH ($21.16 million) in daily inflows, with BlackRock’s ETHA contributing 6,036 ETH and Grayscale adding 5,250 ETH. Weekly inflows reached 37,959 ETH ($71.17 million), highlighting continued institutional preference for exposure to Ethereum.
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