Demand for tokenized equities is accelerating sharply, with the market growing from $16 billion to over $590 billion in perpetual futures within a single year, according to CoinDesk's Joshua DeVos.
But the headline growth obscures a key distinction: two tokens can trade under the same ticker while granting entirely different rights. Whether a token conveys real ownership or a synthetic claim determines the actual risks and legal protections a holder has — a difference that may not be visible until something goes wrong.
Coinbase's Layer 2 network Base has climbed to become the second-biggest onchain ecosystem, according to recent data, underscoring the accelerating expansion of DeFi activity beyond Ethereum mainnet.
The milestone reflects sustained growth in Base's total value locked, transaction volume, and developer activity since its public launch. Base has rapidly gained ground on established chains, positioning itself as a leading destination for DeFi protocols and users seeking lower fees and faster transactions on an EVM-compatible network.
Bitcoin reached $79,002.41, driven by a sharp short squeeze as traders were forced to unwind positions rather than steady accumulation fueling the move.
The rally marks Bitcoin's biggest single-day surge since 2023, with the $80,000 level remaining the key threshold drawing market attention. Trading activity reflected forced liquidations pushing BTC/USDT sharply higher on elevated volume.
After the strong rally of recent days, the crypto market is cooling slightly today. Total market capitalization stands at around $2.65T, down 0.89% over the past 24 hours. 24H trading volume is around $88.79B, while Bitcoin dominance has risen to 59.81%.
🔥 ZEC, SUI and ADA are leading today, while Bitcoin and Ethereum remain slightly positive. Solana, meanwhile, is down more than 4% after its recent strong move.
The key takeaway: BTC remains resilient, but altcoins are becoming increasingly mixed — some are still pushing higher while others are already seeing profit-taking.
🔐 Chainalysis flags 7,700 suspects in CSAM crypto crackdown
Blockchain analytics firm Chainalysis has concluded Operation Lighthouse, one of its most extensive law enforcement collaborations to date, targeting cryptocurrency-enabled child sexual abuse material networks across 125 countries.
The operation traced 29,120 cryptocurrency addresses and digital identifiers linked to more than 100 CSAM platforms, forums and distribution networks, generating 14,300 investigative leads and flagging over 7,700 suspect accounts. Chainalysis conducted the multi-day operation alongside law enforcement and private-sector partners.
The case highlights the growing role of on-chain tracing tools in financial crime investigations, with crypto transaction analysis increasingly used to unmask actors operating on illicit networks that rely on pseudonymous payments.
🟠 Bitcoin crosses $81,000 as Treasury eyes $950B bond buyback plan
Bitcoin surpassed $81,000 for the first time since May, with the move tied to macro developments rather than crypto-specific catalysts.
Two senior Treasury officials told CNBC that the Treasury General Account — the federal government's roughly $1 trillion operating account at the Federal Reserve — could be used to finance expanded bond buybacks aimed at stabilizing long-term government debt. The prospect of large-scale liquidity deployment and a weaker dollar has revived what analysts call the "debasement trade," historically associated with Bitcoin inflows.