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Today's News Recap
Coinbase Expands - Coinbase launches CFTC-regulated perpetual futures for US traders amid growing crypto regulatory clarity.
Binance Delayed - Binance trial delayed until October as Nigerian tax evasion case seen as ‘a laughing matter’.
Solana Surges - Solana jumps 12% above $200, analyst cites renewed confidence and liquidity.
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In Messari News
Messari’s latest deep dive unpacks the evolution of stablecoins as global money infrastructure. From new regulatory regimes to emerging categories like privacy and yield-bearing stables, this report maps the future of digital cash.
This comprehensive, FREE report was produced with contributing partners: Coinbase Developer Platform, Tether, Tron, Addressable, Circle, Global Dollar Network, Stellar, Sky, Hyperbeat, Perena, fx Protocol, Bitso, Huma, Ondo Finance, Plasma, Dragonfly, Anchorage Digital, and Sphere.
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Top Assets
Messari Protocol Reporting
Messari's protocol reports give you a deep dive on the foundation and state of top crypto protocols, including key metrics and notable events. See the complete list of protocol reports here and get a preview of our latest report below.
Controls over 82% of Aptos’ liquid staking market, with 34.1M APT staked
Via AMI token and liquid staking derivatives, users participate in both Amnis DAO governance and Aptos protocol-level decisions
Amnis earns 7% performance fee on staking rewards, generating consistent treasury inflows without diluting user principal
amAPT and stAPT are supported across leading Aptos protocols (Aries, Meso, Echelon, Cellana, Hyperion)
MapleStory N, the blockchain version of Nexon’s legendary MMORPG, launched May 2025
Over 1.1M users on day one and 1.7M NFTs minted pre-launch
Averaging ~36K daily active wallets and over 10K daily marketplace participants
Most active Layer-1 on Avalanche by address count
Layer-1 / DeFi Infrastructure built on Cosmos SDK
Bitcoin-backed security sharing for other chains (BSNs – Bitcoin Supercharged Networks)
Secured 57,167 BTC, representing 0.29% of Bitcoin's supply—ranking 4th behind only BlackRock, Grayscale, and Fidelity
BABY token launched in April with a 6% airdrop. It powers governance, gas, and staking
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Two Bits
XRP All Time High
By: Jeremy Koch, Research Analyst
XRP Hits All-Time High on July 17.
After years of dormancy, 2,751 days to be exact, and regulatory overhang, XRP has just hit a new all-time high, breaking its previous peak and catapulting into the spotlight. The rally marks a major turning point for a token long held back by the SEC lawsuit and broader market skepticism. Now that the fog has cleared and momentum is building, the question I am faced with is: Could XRP actually flip Ethereum in FDV market cap?
Here is the rough math:
As of July 20:
XRP’s FDV is nearing $350B
Ethereum’s FDV sits around $455B
This means:
Potential Catalysts to see the flipping:
XRP ETF approval
Followed by strong flows
Publicly announced integrations with banks, FinTechs, and governments using Ripple’s technology and the XRPL.
Flipping ETH in FDV doesn’t mean XRP becomes “more important” than Ethereum. But in a market driven by narratives, regulatory clarity, and strategic positioning, XRP has reclaimed a seat at the big table. Don’t be surprised if this rally is just the beginning.
