Quick Take

• Crypto.com launched Tokenized Stocks, a new feature within its app that allows eligible users to gain price exposure to U.S. equities and ETFs through derivative tokens.
• Ethereum's forthcoming "Hegotá" network upgrade encompasses 66 proposals, notably featuring a significant privacy enhancement called "Frame Transactions" (EIP-8141), targeting a 2027 release.
• Ether.fi (ETHFI) expanded its offerings to include tokenized stocks, metals, and Aave-powered portfolio loans.
• World Liberty Trust secured a preliminary conditional bank charter from the Office of the Comptroller of the Currency (OCC).
• Compound Finance (COMP) approved a $52 million budget to revamp its leadership team and pivot strategically towards an institutional client base.
• Toyota Finance launched a ¥1 billion (around $6.3 million) tokenized bond offering accessible directly to retail investors via its mobile payment app, Toyota Wallet.
• Harmony is planning to roll back its blockchain to an August 11 checkpoint following an exploit that resulted in the unauthorized minting of forged ONE tokens.

Weekly DeFi Index

This week, the market cap, volume, and volatility indices increased +6.95%, +0.41%, and +80.66%, respectively.

• Ether.fi (ETHFI) expanded its offerings to include tokenized stocks, metals, and Aave-powered portfolio loans. As part of a broader "neobank" expansion, the protocol is shifting to a less crypto-centric user interface to attract a mainstream consumer base.
• Chainlink (LINK)’s price movement may be driven by Chainlink’s repurchase and whales activity.
• World Liberty Trust, a crypto venture linked to Donald Trump, secured a preliminary conditional bank charter from the Office of the Comptroller of the Currency (OCC). The entity aims to operate as a national trust bank focused on the issuance and custody of a USD1 stablecoin, though the charter does not permit traditional activities like accepting deposits or issuing loans.
• Compound Finance (COMP) approved a $52 million budget to revamp its leadership team and pivot strategically towards an institutional client base. By hiring executives from traditional finance and compliance backgrounds, the decentralized lending platform aims to integrate traditional credit infrastructure and revive growth following a prolonged drop in its total value locked.

News Highlights

• Crypto.com launched Tokenized Stocks, a new feature within its app that allows eligible users to gain price exposure to U.S. equities and ETFs through derivative tokens. This product is currently available to users in the EEA and other approved global jurisdictions, offering access to over 1,500 underlying assets with a minimum investment of $1.
• Ethereum's forthcoming "Hegotá" network upgrade encompasses 66 proposals, notably featuring a significant privacy enhancement called "Frame Transactions" (EIP-8141). Targeted for a 2027 release, this mechanism will allow customized transaction approvals and payments, greatly reducing the external infrastructure previously needed to build private transactions.
• Toyota’s finance arm, Toyota Finance, launched a ¥1 billion tokenized bond offering accessible directly to retail investors via its mobile payment app, Toyota Wallet. The BOOSTRY blockchain-managed bond does not require a traditional brokerage account to purchase and integrates investor rewards, like test-drive experiences and circuit tickets, into the broader Toyota ecosystem.
• Harmony is planning to roll back its blockchain to an August 11 checkpoint following an exploit that resulted in the unauthorized minting of forged ONE tokens. The reversal will discard over 109,000 regular transactions to restore the integrity of the network following the attack.

Recent Research Reports

Interested to know more? Access exclusive reports by signing up as a Private member, joining our Crypto.com Exchange VIP Programme, or collecting a Loaded Lions NFT. The latest crypto market insights are also available via the dashboard.

We’re all ears.

Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you!

Take our survey now

Author

Research and Insights Team

Get the latest market, DeFi & NFT updates delivered to your inbox:

Be the first to hear about new insights:

Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.