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Shiba Inu’s on-chain burn activity has accelerated sharply, with more than 3.2 billion SHIB permanently removed from circulation over the past 30 days. The burn rate is up 1,483% versus the prior period. Separately, blockchain analysis has identified an on-chain link between the original SHIB deployer wallet and a newer token launch, drawing fresh attention from the community.

BlackRock, the world’s largest asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to issue tokenized fund shares on the Solana blockchain. The firm also launched its cash-management product, BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), on Solana. BlackRock, which manages $15 trillion in assets, is moving stablecoin reserves onchain.

Hyperliquid said on X that trading volume for its HIP-3 contract reached $111.75 billion in March, a record monthly high. Odaily said the figure is the highest monthly trading volume for HIP-3 to date. HIP is the native token of the Hyperliquid ecosystem. Activity in its on-chain derivatives contracts, including HIP-3, is often viewed as a gauge of market participation in pricing HIP and broader ecosystem usage.

Kraken disabled trading and deposits for seven tokens at 14:00 UTC on May 1, 2026, and will permanently shut withdrawals at 14:00 UTC on July 31. After that cutoff, the exchange will begin forced liquidations by selling the remaining balances into markets where liquidity has largely dried up. Monero (XMR), one of the affected assets, fell more than 5% within 24 hours of the announcement, while CoinGecko data for a PLANCK pool on Uniswap V3 BNB Chain showed about $591 in volume and less than $22 of depth on each side within ±2%, underscoring thin liquidity.

Crypto derivatives exchange Margex has launched a $2.7 million Bitcoin (BTC) airdrop that pays tiered BTC rewards based on cumulative trading volume. Traders can receive BTC worth $10 at $250,000 in volume, rising to BTC worth $2,000 at $100 million. All trades count toward the total regardless of pair, leverage, or direction, and rewards are denominated and distributed in BTC. The campaign is designed to boost trading activity, increase user participation, and strengthen the platform’s BTC derivatives ecosystem.

Ripple redeemed the OUSG stablecoin on the XRP Ledger, with Mastercard routing the transaction and JPMorgan’s Kinexys system settling U.S. dollars to Singapore in under five seconds. The cross-border settlement was completed outside banking hours. The demonstration was positioned as validating XRP Ledger’s technical feasibility and end-to-end commercial flow for real-time cross-border payments. It also tied XRP’s settlement role to Ripple’s GTreasury product, which targets CFOs with a single dashboard to manage XRP/RLUSD alongside fiat.

Bitcoin miner PowerCompute said its US Digital subsidiary borrowed about $18.07 million in a bridge loan from Arch Lending on July 27, roughly 97% of the company’s Bitcoin treasury value. The notes were set to mature on July 31, with payment permitted until 5 p.m. ET on Aug. 1. As of Aug. 3, the company’s SEC feed showed no filing after its July 31 8-K, and its investor-relations feed showed no press release after July 29. The combination of high collateralization, a short tenor, and no subsequent disclosure signals notable liquidity pressure tied to the health of its BTC holdings.

ZeroStack disclosed in financial statements for the period ended June 30, 2026 that it held 75.1 million 0G tokens recorded at a $163.33 million cost but with a fair value of $15.17 million. The company also reported an $82.5 million loss from remeasuring digital assets at fair value, a $61.3 million net loss, and a $339.1 million accumulated deficit. It recognized $3.78 million in digital-asset revenue from staking 0G tokens, but the sharp valuation decline highlights the company’s financial pressure tied mainly to 0G and a small Bitcoin position.

Solana said its Agave 4.2 mainnet upgrade is close to going live, bringing three protocol changes. The update cuts on-chain account rent by 90%, increases transaction size to 3.3x the current level, and targets 200ms slot times. The upgrade is led by Solana’s core development team and is aimed at lowering deployment and interaction costs while boosting throughput and responsiveness. It is positioned as a major protocol-layer iteration focused on infrastructure efficiency.

Cardano’s ADA rose 9%, pushing above $0.19 and marking its highest level in nearly a month. Santiment data show whale addresses accumulated more than 240 million ADA over the past five days, with total holdings briefly reaching 14.55 billion ADA before easing slightly. The concentrated buying helped drive a 22% gain over five days, outperforming the broader crypto market over the same period. The move was not tied to protocol upgrades, ecosystem partnerships, or regulatory developments.