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Cardano cofounder Charles Hoskinson has accused Ethereum developers of adopting ideas first developed within the Cardano ecosystem while failing to acknowledge their origins.

His comments came after Ethereum researcher Toni Wahrstätter introduced a proposal that would bring native UTXO functionality to Ethereum in an effort to reduce long term blockchain state storage for payment transactions.

Hoskinson Says Cardano Solved These Problems Years Ago

According to Hoskinson, the proposal closely resembles concepts that Cardano has been researching and developing since the network’s inception.

In a post on X, he argued that Extended UTXO, commonly known as EUTXO, represents one of the most significant innovations in smart contract design and claimed that Ethereum has avoided referencing Cardano even as it explores similar approaches.

Wahrstätter’s proposal outlines a payment model that would retain only a minimal record of completed transactions in Ethereum’s active state while storing the remaining transaction data in the blockchain’s historical record. The research suggests this method could reduce permanent storage requirements for payment related activity by as much as 99.8% while preserving Ethereum’s existing account based architecture.

The proposal also incorporates elements of Bitcoin’s UTXO model, allowing one time transaction outputs while maintaining compatibility with Ethereum accounts and smart contracts. It further relies on the proposed EIP 8141 framework, which would enable users to spend UTXOs without first holding ETH to cover gas fees.

Cardano Founder Points to Years of Prior Research

Hoskinson expanded on his criticism during a livestream on X, where he reviewed Wahrstätter’s announcement and argued that it overlooked Cardano’s extensive work in the same area.

He noted that Cardano has spent the past decade developing Extended UTXO based smart contracts and highlighted the project’s research paper on Chimeric Ledgers, which explored methods for operating UTXO and account based systems simultaneously.

According to Hoskinson, Ethereum developers previously dismissed UTXO based smart contracts as impractical, only to later begin exploring comparable concepts as part of the network’s long term development roadmap.

Broader Criticism of Ethereum

During the livestream, Hoskinson broadened his criticism beyond the latest proposal, arguing that Ethereum has repeatedly adopted concepts after initially rejecting or dismissing them when introduced by Cardano.

He cited governance systems and treasury models as examples, claiming Ethereum has gradually moved toward similar structures following organizational and financial challenges within the Ethereum Foundation.

Hoskinson also suggested that Ethereum may eventually embrace Cardano’s work on privacy technology and post quantum cryptography through IOHK’s Midnight project, as well as formal verification methods built around the Lean programming language. He predicted those technologies could eventually become part of Ethereum’s ecosystem without receiving recognition for Cardano’s earlier contributions.

The remarks continue a long running rivalry between the two blockchain communities. Earlier this year, Hoskinson announced plans to shift much of the Cardano community’s engagement from X to Discord, arguing that the social media platform had become increasingly hostile. Despite that move, he said he would continue using X to host livestreams, including the broadcast in which he shared his latest criticism of Ethereum.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The ongoing bear market continues to weigh heavily on the altcoin sector, with a growing number of digital assets struggling to recover as Bitcoin fights to remain above the $60,000 level.

According to a new report from blockchain analytics platform CryptoQuant, roughly 40% of altcoins are now trading close to their all time lows, highlighting the severe underperformance affecting much of the market.

Altcoins Face Mounting Pressure

CryptoQuant analyst Darkfost said the data reflects the difficult environment facing many token projects. To measure market weakness, the analyst created a chart tracking the percentage of altcoins trading below 25% of their all time highs. The findings revealed that nearly 40% of those assets are now hovering near their lowest prices on record.

The situation has deteriorated further as Bitcoin has weakened. When BTC briefly fell below $60,000 last month, the proportion of altcoins trading near their all time lows climbed to approximately 45%.

Oversupply and Weak Liquidity Fuel Decline

Darkfost identified shrinking market liquidity as one of the primary reasons behind the widespread weakness.

Despite thousands of new cryptocurrencies entering the market every day, fresh capital has failed to keep pace. According to CoinMarketCap data, there are now approximately 53.5 million cryptocurrencies in existence, with around 60,000 new tokens being launched daily.

The analyst argued that without a meaningful increase in new investment, many of these projects are unlikely to survive, especially in a prolonged bear market where capital remains scarce.

Investors Urged to Be More Selective

Darkfost said the current market environment requires investors to exercise greater caution when choosing which projects to support, noting that only a limited number of cryptocurrencies are likely to withstand the ongoing downturn.

His assessment aligns with comments made by CryptoQuant founder Ki Young Ju during the previous bull market in late 2024. At the time, despite improving sentiment and sharp rallies across several cryptocurrencies, Ju warned that the expected altcoin season might not fully materialize because the market lacked a substantial inflow of new liquidity.

That prediction largely proved accurate, as only a small number of digital assets delivered significant gains while many others struggled to attract sustained investor interest.

With liquidity conditions now even weaker than they were during the previous market cycle, the performance gap has widened further, leaving a large share of altcoins trading near historic lows and facing an increasingly uncertain future.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ripple has announced a new partnership with the Kansas Jayhawks that will place the XRP logo on the uniforms of one of the United States’ most successful college athletics programs.

The company described the agreement as a historic milestone, marking the first cryptocurrency sponsorship of a major collegiate sports program.

The Kansas Jayhawks, which represent the University of Kansas, have won 15 national championships, including 12 NCAA Division I titles. Beginning this fall, the XRP logo will appear on the team’s official game jerseys as part of what both organizations described as a shared commitment to innovation and excellence.

According to details released by Ripple and Kansas Athletics, the jersey patch will be designed to complement the team’s existing color schemes and will appear in Crimson, Blue, or White depending on the uniform being worn.

The XRP branding will be featured exclusively on official game uniforms and will not appear on practice apparel, travel gear, or sideline clothing.

Kansas Athletics also clarified that officially licensed Adidas jerseys sold through retail outlets will not include the XRP patch. However, fans purchasing official game jerseys from the university’s Jayhawk Outfitters store will have the option to add the patch during the purchase process.

Ripple Chief Executive Officer Brad Garlinghouse said the partnership carries special meaning for him, describing it as a rare occasion where his professional career and personal background intersect.

Garlinghouse, who was born and raised in Kansas, earned a bachelor’s degree in economics from the University of Kansas before completing his MBA at the Harvard Business School.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Japanese businesses are increasingly adding Bitcoin and XRP to their corporate treasuries as the weakening yen encourages companies to diversify their reserve assets, according to crypto exchange SBI VC Trade.

The Tokyo based exchange, which operates under SBI Holdings, said rising institutional interest has significantly increased demand for its corporate cryptocurrency services.

Institutional Adoption Continues to Grow

SBI VC Trade announced that its registered user base surpassed 2 million accounts as of July 6, 2026, doubling from more than 1 million accounts recorded in 2025.

The milestone reflects the combined customer base of its VCTRADE and BITPOINT platforms following the integration of Bitpoint Japan into SBI VC Trade in April 2026. The company said the merger strengthened its infrastructure and expanded its ability to serve both retail and institutional clients.

According to the exchange, continued growth has been supported by its emphasis on secure and regulated trading services, a broader selection of digital asset investment products, and ongoing efforts to improve accessibility for individual investors as well as businesses.

Beyond retail services, SBI VC Trade said it has seen increasing demand for its SBIVC for Prime platform, which is designed specifically for corporations and institutional investors.

The company attributed much of that growth to Japanese businesses revising their treasury strategies in response to persistent weakness in the yen. More firms are now allocating portions of their reserves to cryptocurrencies such as Bitcoin and XRP, while others are incorporating the two digital assets into shareholder reward programs.

Stablecoins Become a Strategic Focus

Stablecoins have also become an important part of SBI VC Trade’s expansion plans.

After becoming the first cryptocurrency exchange in Japan to support USDC in March 2025, the platform expanded its stablecoin offerings in June 2026 by listing the yen denominated trust based stablecoin JPYSC alongside Ripple’s US dollar backed RLUSD.

SBI Expands Global Crypto Investments

SBI Holdings has continued to strengthen its presence in the global digital asset industry through strategic investments.

Most recently, the financial services group led a $76 million Series C funding round for US based institutional cryptocurrency exchange EDX Markets.

EDX Markets said the new capital will support its international expansion and accelerate the development of new products for its institution focused trading platform, which separates trading, custody, and settlement functions to reduce counterparty risk.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin advocate Justin Bechler has argued that the fate of BIP 110 could shape the long term future of the network, warning that rejecting the proposal would leave Bitcoin increasingly influenced by what he described as the traditional financial system and weaken its role as censorship resistant, permissionless money.

The proposal has become one of the most divisive topics in the Bitcoin community, with supporters and critics debating its implications for decentralization, network governance, and the protocol’s future.

Bechler Calls BIP 110 a Defining Moment

In a lengthy post on X titled My Plan for the Death of Bitcoin, Bechler described BIP 110 as a necessary response to what he believes has been escalating spam abuse on the Bitcoin network since early 2023. He argued that the problem worsened after Bitcoin Core version 30 removed limits on OP RETURN data.

According to Bechler, Bitcoin’s greatest strength lies in allowing anyone to operate a node and use the network without relying on centralized intermediaries. He claimed that organizations including Brink, Chaincode Labs, Spiral, OpenSats, and the Human Rights Foundation are influencing the direction of Bitcoin Core in ways that could ultimately reduce the role of independently operated nodes.

Bechler argued that BIP 110 is needed to prevent further centralization. In his view, if the proposal is rejected, Bitcoin Core developers could continue removing network restrictions until running a node becomes practical only for major financial institutions and government backed entities.

He also warned that a failed proposal would fundamentally change Bitcoin’s purpose, arguing that the network would gradually shift away from being a decentralized monetary system toward supporting non monetary applications.

Despite saying he would stop operating a Bitcoin node and decline to support a future fork if BIP 110 fails, Bechler maintained that he remains optimistic about Bitcoin’s long term prospects. He pointed out that BIP 110 had already attracted more signaling support than BIP 148 had before its activation, expressing confidence that miners will ultimately back the proposal because doing so carries little cost while rejecting it could put future block rewards at risk.

Community Remains Deeply Divided

The debate follows criticism raised in late June, when opponents argued that activating BIP 110 could make certain wallet generated addresses impossible to spend.

Bechler’s latest comments prompted a wide range of responses from across the Bitcoin community.

BTC Inc executive Brandon dismissed the warning, suggesting it resembled an emotional overreaction that could ultimately mark a long term market bottom.

Podcast host Stephen Livera argued that supporters of an alternative chain would simply create another cryptocurrency rather than replace Bitcoin. In a separate post, Livera also shared comments from Bitcoin developer Gregory Maxwell, who accused some BIP 110 advocates of presenting the proposal as an anti spam measure while downplaying that motivation when challenged.

Chainstone Labs Chief Executive Bruce Fenton offered a more balanced perspective, saying he is less concerned with the proposal’s technical details and more focused on the broader risks posed by growing centralization and the increasing financialization of the Bitcoin ecosystem.

Others expressed support for BIP 110 without sharing Bechler’s all or nothing position. CoinCube founder Robert Allen said he would not abandon Bitcoin if the proposal fails, although he would become more cautious and advocate for greater adoption of alternative Bitcoin implementations such as Bitcoin Knots.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The cryptocurrency market has come under renewed selling pressure after escalating geopolitical tensions halted Bitcoin’s latest recovery attempt. While most major digital assets traded lower, Pi Network sank to a fresh all time low. Among the few bright spots, M posted strong double digit gains, while LAB suffered the steepest decline of the day, losing more than 80% of its value.

Bitcoin Falls Below $62,000 Again

Bitcoin has experienced sharp price swings since the start of July. The leading cryptocurrency dropped below $58,000 on July 1, marking its lowest level in nearly two years, before staging a steady recovery that carried it above $63,000 over the weekend.

Momentum continued early in the week as Bitcoin briefly climbed above $64,000 for the first time in two weeks. However, sentiment quickly deteriorated after Strategy’s large Bitcoin sale sparked renewed fear across the market, sending the asset down to around $61,200.

Despite expectations of further losses, Bitcoin quickly rebounded and surged past $64,600 within hours. The rally proved short lived, with prices retreating to approximately $62,600 before another recovery attempt pushed the asset back toward $64,200.

That advance was cut short after renewed military exchanges between the United States and Iran intensified market uncertainty. Selling pressure accelerated after US President Donald Trump declared that the memorandum of understanding with Iran was effectively over, driving Bitcoin below $62,000 for the second time this week.

Bitcoin’s market capitalization has slipped to roughly $1.24 trillion, while its share of the total cryptocurrency market stands at 56.6%.

Pi Network Extends Decline While LAB Collapses

Pi Network’s native token remains one of the weakest performers in the current market cycle, extending its prolonged decline despite recent updates from the project’s development team.

PI fell more than 8% over the past 24 hours, dropping to approximately $0.101 and setting a new all time low. The token has now lost more than 96.5% of its value since reaching its record high in February 2025.

LAB recorded the largest daily decline across the market, plunging by more than 80% and falling below $2.30. Other notable losers included PUMP, BEAT, and JUMP, all of which posted double digit losses.

Among the major cryptocurrencies, Ethereum and BNB each declined by more than 2%, while XRP, Solana, Hyperliquid, and Dogecoin fell between 4% and 5%. Stellar, Near Protocol, Cardano, and Core also recorded losses exceeding 5%.

One of the few exceptions was ZEC, which remained in positive territory after renewed optimism surrounding Zcash’s formal verification initiative announced by founder Zooko Wilcox O’Hearn.

Overall, the cryptocurrency market lost approximately $50 billion in value over the past 24 hours, reducing the total market capitalization to below $2.2 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

India’s central bank has once again endorsed a stricter approach to cryptocurrencies, while the country’s tax authorities say the growing use of offshore exchanges and self custody wallets is making enforcement increasingly difficult.

According to internal government documents reviewed by Reuters, the Reserve Bank of India continues to support a policy that leans toward restricting or prohibiting cryptocurrencies due to concerns over financial stability, monetary sovereignty, and the expanding role of privately issued stablecoins.

RBI Seeks to Keep Crypto Outside the Banking System

The documents indicate that the RBI wants banks and other regulated financial institutions to be barred from holding, trading, or maintaining any exposure to cryptocurrencies and privately issued stablecoins such as USDT and USDC.

The central bank believes that limiting the involvement of regulated financial institutions would help keep digital assets outside the formal financial system and reduce potential systemic risks.

Stablecoins remain a particular focus for policymakers. The RBI argues that stablecoins pegged to foreign currencies could weaken India’s monetary sovereignty, while rupee backed stablecoins may reduce government revenue generated through fiat currency issuance and pose additional risks to financial stability during periods of market stress.

Although the RBI continues to advocate a tougher stance, India has not imposed a complete ban on cryptocurrency trading. Instead, the industry operates within a regulatory gray area. While trading remains legal, most major banks have avoided direct involvement with digital assets after receiving repeated warnings from the central bank.

Tax Authorities Raise Compliance Concerns

India’s tax department has also expressed growing concerns about the difficulty of monitoring cryptocurrency activity.

Officials said transactions conducted through overseas exchanges, peer to peer rupee transfers, and privately controlled self custody wallets have made it significantly harder to track taxable activity.

According to the department, fewer than one quarter of the approximately 645,000 individuals who carried out cryptocurrency transactions in 2023 reported those activities on their tax returns.

India currently imposes a 30% tax on profits from cryptocurrency trading. However, officials say compliance remains challenging because of activity on foreign platforms, inconsistent asset valuations, and difficulties in determining ownership of digital assets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

A Bitcoin wallet associated with SpaceX has recorded its first on chain activity in roughly six months, sparking speculation about whether the company could be preparing for a larger transfer.

According to blockchain analytics platform Arkham Intelligence, a wallet identified as SpaceX (15atF) sent approximately $88 worth of Bitcoin to another address beginning with bc1q9, ending a lengthy period of inactivity.

Although the transaction was relatively small, it has attracted attention because wallets belonging to major corporate Bitcoin holders rarely move funds without a specific purpose. Such low value transfers are often used to verify wallet access, test custody infrastructure, or confirm that a destination address is functioning correctly.

At this stage, there is no evidence that SpaceX intends to sell any of its Bitcoin holdings. The transfer was made to another wallet believed to be under the company’s control, suggesting it could simply be part of an internal wallet management or asset reorganization process.

SpaceX currently holds approximately 18,712 BTC, valued at around $1.16 billion, making it the world’s eighth largest corporate Bitcoin holder.

The wallet activity also comes shortly after the company completed a landmark initial public offering and was added to the Nasdaq 100 Index. Inclusion in the benchmark is significant because the index underpins numerous exchange traded funds and other investment products that track the performance of leading technology companies.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Global markets turned sharply volatile after US President Donald Trump declared that the memorandum of understanding with Iran was effectively over, raising fears that tensions in the Middle East could escalate further.

The announcement triggered an immediate reaction across financial markets. Oil prices surged to their highest level in two weeks, while Bitcoin fell below $62,000 as investors shifted toward safer assets.

According to CNN, Trump said he considers the agreement with Iran finished after both sides failed to secure a lasting deal and resumed exchanging airstrikes across the region.

The latest escalation follows statements from Iran’s Islamic Revolutionary Guard Corps, which said it had launched attacks on American military targets in Bahrain and Kuwait in response to US strikes. The group also claimed responsibility for targeting an air base in Bahrain that hosts US forces.

Earlier, the United States carried out military operations against Iran and reinstated sanctions on Iranian oil exports, describing the move as retaliation for attacks on commercial vessels near the Strait of Hormuz.

Speaking at the NATO summit in Ankara, Turkey, Trump said he had no interest in returning to negotiations with Tehran after previous rounds of peace talks failed to produce a lasting agreement.

The geopolitical developments sent oil prices sharply higher, with USOIL climbing to around $75 per barrel for the first time since June 22. The commodity had traded below $67.50 only days earlier as markets had been pricing in expectations of easing regional tensions.

Bitcoin moved in the opposite direction. After climbing above $64,000 earlier in the day, the cryptocurrency gradually lost momentum as geopolitical uncertainty increased. Selling pressure intensified following Trump’s remarks, pushing Bitcoin below the $62,000 mark within minutes.

The contrasting moves underscore how rising geopolitical risks continue to boost demand for energy while weighing on risk sensitive assets such as cryptocurrencies.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Zcash’s native token, ZEC, briefly climbed above the $500 mark after founder Zooko Wilcox O’Hearn announced that the project’s Tachyon Formal Verification initiative is close to delivering a mathematical proof showing that its next generation shielded pools are free from undetectable counterfeiting vulnerabilities.

According to Wilcox, the project is nearing a breakthrough that could provide mathematical certainty about the integrity of Zcash’s privacy technology while removing the long standing tradeoff between transaction privacy and confidence in the network’s total money supply.

Ironwood Built After Hidden Orchard Flaw

The update comes as Project Tachyon revealed new progress on its verification work for Ironwood, Zcash’s upcoming shielded pool, following the discovery of a critical vulnerability in Orchard earlier this year.

In May, Shielded Labs security researcher Taylor Hornby uncovered a flaw in Orchard, Zcash’s primary shielded pool, that could have allowed undetectable counterfeiting. Although developers quickly fixed the issue through a network upgrade and said there was no evidence that it had ever been exploited, the nature of the vulnerability prompted the community to develop Ironwood as a more secure replacement.

Ironwood builds on Orchard’s architecture while incorporating the necessary fixes from the outset. The new protocol also introduces a turnstile mechanism that allows users to transfer funds from Orchard into Ironwood while helping verify that no counterfeit coins were created during the migration. As part of the transition, payments within the older Orchard pool will eventually be disabled, establishing a clear upper limit for ZEC’s circulating supply.

The Zcash team said that simply patching the vulnerability was not sufficient to guarantee long term security. Instead, developers adopted a broader verification strategy that combines independent security audits, advanced AI assisted analysis, and formal mathematical verification to validate the correctness of Ironwood’s design.

Technical Outlook Remains Positive

ZEC has posted strong gains over the past week, rising from around $410 to briefly surpass $500 before retreating to trade near $480. Even after the pullback, the privacy focused cryptocurrency remains up nearly 20% over the period.

Market analyst Ardi said the $480 level represents an important technical barrier where a descending trendline intersects with horizontal resistance, creating what the trader described as a compound resistance zone.

According to Ardi, the recent rejection from that level may have strengthened the overall market structure by allowing the price to retest the trendline. If ZEC can break above $480 and establish it as support, the analyst believes the token could regain bullish momentum and make another attempt to move above $500.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic