The Wire — July 23, 2026

The Wire — July 23, 2026

BlackRock, Coinbase and Strategy back a $15M fund to harden Bitcoin against quantum risk Nine institutions pledged an aggregate $15 million over three years to a new Bitcoin Security Consortium built to support the long-term security of the network, with quantum computing as a core focus. The founding members are Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy. The structure is deliberately hands-off. The consortium will not hold or allocate the money itself, each member decides which developers and researchers it funds, and the group says it will not direct Bitcoin development or take positions on protocol changes. The urgency comes from research by Project Eleven, which estimates that more than $3 trillion in digital assets could become exposed to quantum theft within four to seven years. For anyone earning yield onchain, this is base-layer risk, the kind that sits underneath every position regardless of protocol. Source: CoinDesk, published July 23. How we score protocol risk →

LayerZero and Keeta open tokenized bank deposits to move natively across Solana LayerZero has partnered with Keeta to enable native transfers of tokenized bank deposits across Ethereum, Solana, Base and Keeta's own chain. Tokenized deposits are interest-bearing bank liabilities, not just wrapped dollars, so making them portable to Solana introduces a new class of yield-bearing collateral to the chain's lending and liquidity markets. If banks can settle deposit tokens directly into Solana venues, the ceiling on institutional stablecoin-style yield on Solana moves up. Source: The Block, published July 23. Explore Solana yields →

Lombard launches a Bitcoin onchain credit strategy with Flow Traders as pilot Lombard Finance is rolling out its Bitcoin Onchain Credit Strategy, with market maker Flow Traders as the first pilot partner. The strategy lets holders borrow stablecoins against Bitcoin collateral onchain, turning idle BTC into working capital without selling it. Bitcoin-backed stablecoin borrowing is one of the cleaner sources of onchain credit, and a firm the size of Flow Traders piloting it signals that institutional desks are getting comfortable underwriting these positions. The read for yield hunters is that BTC collateral markets are maturing, which tends to deepen stablecoin liquidity across the board. Source: The Block, published July 23. Compare lending yields →

Three cross-chain protocols lose more than $35M in a six-hour span At least three bridges and cross-chain protocols were drained of more than $35 million within roughly six hours, a reminder of where the real risk in DeFi still lives. Arbitrum-based AFX Trade lost about $24 million after its bridge keys were compromised and the attacker gathered enough hot-validator signatures to approve a withdrawal. Verus's Ethereum bridge lost about $7.54 million through the same contract path and bug class used in a May hack, after Verus redeposited recovered funds into the same bridge on July 8 and watched it drain again two weeks later. B2 Network lost roughly $3.86 million after an attacker seized the upgrade authority on its staking contract. The through-line is not broken cryptography, it is compromised keys and permissions, which is exactly why we weight multisig hygiene and upgrade controls so heavily. Source: CoinDesk and The Block, published July 23. See our security scores →

Circle partners with Kakao and Toss Bank to explore won stablecoin rails in South Korea Circle plans to explore blockchain-based payment infrastructure in South Korea through partnerships with Kakao and Toss Bank. The distribution is the story here. Kakao reaches most of the country through messaging and payments, and Toss is one of Asia's most-used neobanks, so a won-denominated stablecoin routed through those rails would put regulated stablecoin payments in front of tens of millions of mainstream users. Every new consumer on-ramp eventually feeds demand for the stablecoin yields that sit one layer down. Source: The Block, published July 23. Compare stablecoin yields →

US spot Bitcoin ETFs push a 7-session inflow run toward $1B US spot Bitcoin ETFs took in $69 million on Wednesday, extending their inflow streak to seven sessions and bringing the period's total to nearly $1 billion. The pace is steady rather than explosive, but a week of uninterrupted inflows says the institutional bid has not left even as spot prices drift. Bitcoin was trading around $65,000 as the day opened, down slightly over 24 hours, so the ETF demand is absorbing supply into a soft tape. Source: Cointelegraph, published July 23. Track the yields behind the flows →

Numbers

• BTC: $65,060 (-1.20%)
• SOL: $76.76 (-0.70%)
• ETH: $1,900.68 (-1.10%)
• Solana DeFi TVL: $4.98B
• Top USDC yield (Solana): Kamino Lend at 5.97% APY

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