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Project Overview
Partisia Blockchain is a WEB 3.0 public blockchain for the coordinated use of public and private information across all applications and platforms. It provides an additional layer of data security on the blockchain. Users can control access to their data through ZK-Computations.
Sui Hashi Testnet Handles Over 1.1 Million Bitcoin Deposits in Three Weeks, 25 Institutions Participate in Stress Testing
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
Sui Launches B2B Enterprise Settlement Network Tessera, Solving Transaction Amount Privacy Issues
According to official news, Sui announced the launch of the B2B enterprise settlement network Tessera. Built on Seal MPC + Sui private transfers, the product aims to address transaction amount privacy issues, enabling enterprises to complete settlements privately while meeting regulatory and audit requirements when needed. The code is now open source.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
U.S. SEC Agrees to Pay $150,000 to Settle FOIA Lawsuit Over Ethereum Investigation Records, Will Submit Remaining Documents
Odaily news The U.S. Securities and Exchange Commission (SEC) has agreed to pay $150,000 to resolve a Freedom of Information Act (FOIA) lawsuit concerning its records on the Ethereum investigation. According to a joint case status report filed on July 22, the SEC and the plaintiff, History Associates Inc., have reached a settlement and have requested the United States District Court for the District of Columbia to dismiss the case.Under the agreement, the SEC will continue to provide the remaining relevant documents and pay a fixed amount to cover the plaintiff's legal fees. The lawsuit was filed by History Associates in June 2024. This agency, commissioned by Coinbase, demanded the SEC disclose materials related to its regulatory investigation of Ethereum, including investigation files on Zachary Coburn and Enigma MPC, as well as records of regulatory discussions regarding Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS).Previously, this lawsuit prompted the SEC to deliver thousands of documents. The court also ordered the SEC to prioritize providing internal communications sent, received, or reviewed by then-Chairman Gary Gensler regarding Ethereum's migration from PoW to PoS.During the case, the SEC sparked controversy for deleting some of Gensler's text message records. The SEC's Office of Inspector General previously disclosed that the agency accidentally deleted Gensler's text messages from October 2022 to September 2023. Subsequent documents revealed that the SEC also wiped data from 21 senior officials' phones.Coinbase CEO Brian Armstrong stated that the incident highlights transparency issues within government agencies during the crypto regulatory process and noted that the relevant lawsuits aim to promote public access to the basis for regulatory decisions. With the SEC completing the submission of the remaining documents, this lawsuit, which has lasted for over two years, will officially come to an end. (CoinDesk)
Galaxy: Structural Conflict Between SEC Custody Rules and DeFi Demand, RIA On-Chain Asset Allocation Constrained
Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.
Bank of England's Greene: Demand for stablecoins may fade soon
According to Odaily Planet Daily, Megan Greene, a member of the Bank of England's Monetary Policy Committee (MPC), stated on Sunday that the hype around stablecoins may soon dissipate, to be replaced by tokenized deposits—digital versions of traditional bank deposits.Stablecoins, a type of crypto asset designed to maintain a stable value, have grown in popularity in recent years. Although issuance has leveled off in recent months, some still anticipate further growth for stablecoins."I think it's very likely that tokenized deposits will replace stablecoins, and in five years, we might wonder why we were even talking about stablecoins," Greene said at a conference in Dubrovnik, Croatia. She believes that central bank digital currencies (CBDCs), stablecoins, and digital deposits all have their respective markets, but once commercial banks realize they risk losing traditional deposits if they don't act, digital deposits could ultimately emerge as the winner. (Sina Finance)
Ledger CTO Analyzes Post-Quantum Cryptography Migration, Blockchain Favors Hash-Based Signature Schemes
Ledger Chief Technology Officer Charles Guillemet pointed out that the development of post-quantum cryptography has entered a critical stage. Although the timeline for a practical quantum computer remains unclear, a full-scale migration of the encryption systems across the industry is an inevitable trend. Led by NIST, the traditional sector plans to phase out high-risk algorithms by 2030 and completely ban them by 2035, with government and enterprise institutions expected to complete their migration layouts by 2029. Encryption and key exchange will adopt ML-KEM to defend against quantum decryption attacks on harvested data, with digital signatures becoming the core of blockchain transformation. The traditional industry prefers ML-DSA hybrid schemes, while the blockchain sector favors the more secure and robust SLH-DSA hash-based signature. Both schemes have their respective advantages and disadvantages. The compatibility challenges of post-quantum algorithms with MPC and threshold signatures remain a key risk that the industry urgently needs to address.
eToro Announces Acquisition of Self-Custody Wallet Zengo to Accelerate Expansion into On-Chain Financial Ecosystem
According to GlobeNewswire, eToro, a trading and investment platform, announced it has signed an agreement to acquire Zengo, a leading self-custodial crypto wallet provider. This acquisition aims to deepen eToro’s digital asset capabilities and accelerate its strategic initiative to bridge traditional finance with on-chain infrastructure. Founded in 2018, Zengo builds its keyless wallet architecture on Multi-Party Computation (MPC) cryptographic technology. It currently serves over 2 million users across more than 180 countries and regions, and has never experienced a wallet breach since its inception. Following the acquisition, eToro will leverage Zengo’s technological expertise to further support decentralized trading use cases—including tokenized assets, prediction markets, and perpetual contracts. The transaction is subject to customary closing conditions.
Sui Hashi Testnet Handles Over 1.1 Million Bitcoin Deposits in Three Weeks, 25 Institutions Participate in Stress Testing
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
Ground COO: DeFi is Losing Its Way, Yield Wars Overlook Users' Real Needs
Odaily News, Ground COO Stephanie Vaughan stated that the current DeFi industry is陷入 a "yield war," but market participants are more focused on securing distribution access to fintech platforms, overlooking the real problems users need to solve.She pointed out that Robinhood, Coinbase, Revolut, and Kraken are competing for user funds, while protocols such as Aave, Morpho, and Ethena are competing to become the infrastructure for lending strategies. Vault service providers and risk management institutions are also competing around fintech platforms. However, this model does not establish DeFi's own user relationships—it merely fights for the opportunity to be selected by platforms.Stephanie believes that the current market is signaling that DeFi products have near-zero pricing power. Much of the yield comes from subsidies provided by platforms, Vault service providers, strategy providers, or underlying protocols, rather than genuine demand created by the products themselves. This is more like paying "shelf fees" than achieving true distribution capabilities.She further noted that some multi-strategy Vaults suffer from issues such as idle capital, deployment delays, and slow governance processes, resulting in a gap between the actual returns users receive and the advertised APY. In contrast, traditional financial products like money market funds can put capital to work immediately.Stephanie stated that with declining L2 costs and maturing cross-chain infrastructure, the chain itself is no longer a core competitive advantage. In the future, DeFi should build products closer to personal execution environments, driven by user needs. She believes the competitive focus should shift from shared Vaults to infrastructure like MPC wallets, allowing users to retain control over strategies while platforms handle execution and streamline processes.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Galaxy: Structural Conflict Between SEC Custody Rules and DeFi Demand, RIA On-Chain Asset Allocation Constrained
Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.
Bitget Integrates Fireblocks to Support Institutional-Grade OTC Settlement and On-Chain Asset Self-Custody
Bitget has integrated Fireblocks Off Exchange, enabling institutional users to trade via on-chain MPC shared wallets without transferring assets—retaining full control over their assets while gaining complete access to Bitget’s liquidity and execution environment.
Bank of England's Greene: Demand for stablecoins may fade soon
According to Odaily Planet Daily, Megan Greene, a member of the Bank of England's Monetary Policy Committee (MPC), stated on Sunday that the hype around stablecoins may soon dissipate, to be replaced by tokenized deposits—digital versions of traditional bank deposits.Stablecoins, a type of crypto asset designed to maintain a stable value, have grown in popularity in recent years. Although issuance has leveled off in recent months, some still anticipate further growth for stablecoins."I think it's very likely that tokenized deposits will replace stablecoins, and in five years, we might wonder why we were even talking about stablecoins," Greene said at a conference in Dubrovnik, Croatia. She believes that central bank digital currencies (CBDCs), stablecoins, and digital deposits all have their respective markets, but once commercial banks realize they risk losing traditional deposits if they don't act, digital deposits could ultimately emerge as the winner. (Sina Finance)
Related news
Sui Hashi Testnet Handles Over 1.1 Million Bitcoin Deposits in Three Weeks, 25 Institutions Participate in Stress Testing
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
Sui Launches B2B Enterprise Settlement Network Tessera, Solving Transaction Amount Privacy Issues
According to official news, Sui announced the launch of the B2B enterprise settlement network Tessera. Built on Seal MPC + Sui private transfers, the product aims to address transaction amount privacy issues, enabling enterprises to complete settlements privately while meeting regulatory and audit requirements when needed. The code is now open source.
Mysten Launches Amount Privacy Prototype, Built on Seal MPC and Confidential Transfers
Odaily News: Sui announced on X platform that institutions will not choose to settle on infrastructure where competitors can see pricing and trading volumes. Public amounts on most blockchains have always been an obstacle to actual commercial settlement. Mysten has launched a new prototype to address the issue of amount privacy. The prototype is built on Seal MPC and confidential transfers.
Korean National Police Agency selects Upbit parent company Dunamu to safeguard seized virtual assets, contract period of 1 year
Odaily News: The Korean National Police Agency has selected Upbit parent company Dunamu through open bidding to safeguard seized virtual assets, with a contract period of one year. The seized digital assets will be managed through the digital asset custody service Upbit Custody, providing real-time response to regulatory infrastructure and custody management within 365 days. The service employs 100% offline cold wallets, round-the-clock monitoring, and incorporates MPC, DKG multi-party key management, and multi-signature technology to ensure asset segregation and security.
Ground COO: DeFi is Losing Its Way, Yield Wars Overlook Users' Real Needs
Odaily News, Ground COO Stephanie Vaughan stated that the current DeFi industry is陷入 a "yield war," but market participants are more focused on securing distribution access to fintech platforms, overlooking the real problems users need to solve.She pointed out that Robinhood, Coinbase, Revolut, and Kraken are competing for user funds, while protocols such as Aave, Morpho, and Ethena are competing to become the infrastructure for lending strategies. Vault service providers and risk management institutions are also competing around fintech platforms. However, this model does not establish DeFi's own user relationships—it merely fights for the opportunity to be selected by platforms.Stephanie believes that the current market is signaling that DeFi products have near-zero pricing power. Much of the yield comes from subsidies provided by platforms, Vault service providers, strategy providers, or underlying protocols, rather than genuine demand created by the products themselves. This is more like paying "shelf fees" than achieving true distribution capabilities.She further noted that some multi-strategy Vaults suffer from issues such as idle capital, deployment delays, and slow governance processes, resulting in a gap between the actual returns users receive and the advertised APY. In contrast, traditional financial products like money market funds can put capital to work immediately.Stephanie stated that with declining L2 costs and maturing cross-chain infrastructure, the chain itself is no longer a core competitive advantage. In the future, DeFi should build products closer to personal execution environments, driven by user needs. She believes the competitive focus should shift from shared Vaults to infrastructure like MPC wallets, allowing users to retain control over strategies while platforms handle execution and streamline processes.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.