Bitcoin holds near $87,000 as on-chain activity and exchange inflows fall, signalling tight liquidity and looming volatility. While Bitcoin (BTC) continues to hover near $87,000, onchain activity and exchange liquidity metrics suggest that the market is operating in a low-participation period, limiting its move above $90,000. Key takeaways: Bitcoin traded near $88,000 as network activity fell to yearly lows, alongside a reduction in sell pressure. Read more
Ondo plans to launch tokenized US stocks and ETFs on Solana in 2026, using custody-backed assets, onchain transfers and embedded compliance. Ondo plans an early 2026 rollout of tokenized US stocks and ETFs on Solana. The tokens are custody-backed. Underlying securities sit with US-registered broker-dealers, while onchain holders receive economic exposure rather than shareholder rights. Minting and redemption are designed to keep tokens anchored to real assets on a 24/5 basis, while transfers and trading can operate 24/7. Read more
Several VC-backed crypto projects now trade at market capitalizations well below the valuations assigned during their last private funding rounds. Several blockchain startups once valued near $1 billion now have market capitalizations that are only a fraction of those figures, as tighter liquidity forces valuation resets. This is evident across several high profile projects, according to data compiled by CryptoRank. Humanity Protocol, which carried a venture valuation of around $1 billion, now has a market capitalization of about $285 million. Fuel Network, also previously valued near $1 billion, is trading closer to $11 million, while Bubblemaps, once assigned a similar venture capital (VC) valuation, has a market cap of about $6 million. Read more
Philippine regulators are tightening control over crypto access, signaling that global exchanges must secure local licenses to operate. Internet service providers (ISPs) in the Philippines began blocking major crypto trading platforms as regulators moved to enforce local licensing rules on crypto service providers. Users reported that as of Tuesday, access to global cryptocurrency exchanges Coinbase and Gemini was unavailable in the Philippines. Cointelegraph independently confirmed that both platforms were inaccessible across multiple local ISPs. A report by the Manila Bulletin said the ISP blocks followed an order from the National Telecommunications Commission, which directed providers to restrict access to 50 online trading platforms flagged by the Bangko Sentral ng Pilipinas (BSP), the central bank, as operating without authorization. Read more