The Wire — July 29, 2026

The Wire — July 29, 2026

Bitcoin holds near $64,300 as a rare Fed meeting looms with a rate hike on the table Bitcoin traded around $64,264, up about 1.3% on the day, as markets braced for Wednesday's FOMC decision that could deliver the first US rate increase in three years. Traders are pricing roughly a 30% to 35% chance of a hike, and this meeting arrives with no updated economic projections and no dot plot, which leaves the statement tone doing the heavy lifting. A hawkish surprise would push bond yields higher and pressure risk assets, while any dovish read on inflation could spark a sharp move up. Bitcoin's correlation with equities has weakened lately, so the crypto reaction may be milder than the one on the Nasdaq. For DeFi the rate path sets the floor under stablecoin yields: higher for longer keeps tokenized T-bill and lending rates high, a dovish turn compresses them. Source: CoinDesk, published July 29. Compare stablecoin yields

Tokenized SpaceX trading pushes Solana's equities battle into focus Solana venues now host tokenized SpaceX stock, and after the SpaceX IPO the 24-hour spot volume for tokenized equities on Solana cleared $100 million for the first time. CoinDesk frames tokenized stocks and perpetual futures as the arena Solana has to win, arguing derivatives are the fastest route to bringing TradFi traders onchain. The volumes are deep enough that some of these venues are starting to contribute to price discovery rather than only mirror it. Crude oil, gold and pre-IPO equity are each trillion-dollar markets whose users want round-the-clock access, real demand rather than memecoin churn. That matters for yield because tokenized-asset flow feeds the LP and lending pools where onchain returns are generated. Source: CoinDesk, published July 29. Browse Solana yields

South Korea readies a stablecoin bill as lawmakers move to scrap a 22% crypto tax South Korea's Financial Services Commission is preparing a government-backed digital asset bill that would set rules for stablecoins and exchanges, according to reports. In parallel, opposition lawmakers are pushing to repeal the 22% crypto gains tax scheduled for 2027. A regulated won-stablecoin framework would give the country's large retail base a compliant onchain rail, and clearer tax treatment tends to pull activity out of gray markets. Regulatory clarity in a major Asian market usually widens the funnel of capital that eventually reaches DeFi lending and yield products. Source: Cointelegraph, published July 29. See stablecoin yields

Visa maps out a full stablecoin stack on its Q3 call Visa used its third-quarter earnings call to detail investment across the stablecoin stack, naming OpenUSD, tokenized deposits and AI-driven commerce as focus areas. A payments network at Visa's scale treating stablecoins as core rails, not a pilot, is a signal about where settlement is heading. More regulated stablecoin issuance and distribution deepens the float that backs onchain borrowing markets. The yields DeFi pays out are downstream of how much stablecoin liquidity is actually in circulation, so the largest card network leaning in is a slow tailwind for lending depth. Source: Cointelegraph, published July 29. Explore lending yields

Tether signs a tokenization deal with the Nairobi Securities Exchange Tether agreed a partnership with the Nairobi Securities Exchange covering tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer. It extends Tether's tokenization push into African capital markets, where a dollar stablecoin can double as settlement money for onchain equities and bonds. Emerging-market exchanges moving onchain is where a large share of the next wave of RWA supply is likely to originate. As tokenized real-world assets grow, they become collateral and yield sources inside DeFi rather than static instruments. Source: Cointelegraph, published July 29. See RWA yields

Kraken opens a tokenized IPO to retail across 110-plus countries Kraken is letting eligible US users request allocations in the Jersey Mike's IPO while offering customers in more than 110 countries tokenized shares backed one-to-one by the underlying stock. It is one of the first times retail outside the US gets primary-market access to a US listing through a tokenized wrapper. Backing each token with the real share is the design that keeps these instruments credible rather than synthetic exposure. Wider access to tokenized equities builds the same onchain asset base that RWA yield strategies draw on. Source: Cointelegraph, published July 29. Compare DeFi yields

Numbers

• BTC: $64,264 (+1.3%)
• SOL: $73.60 (+0.5%)
• ETH: $1,907 (+1.6%)
• Solana DeFi TVL: $4.79B
• Top USDC yield (Solana): Kamino at 6.68%

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