Crypto & Web3 — July 13, 2026 Weekly
Key Findings
Executive Summary (5)
- •Institutional tokenization crossed a new threshold this week: Swift's 17-bank blockchain settlement network, BlackRock's BUIDL fund surging to $3.69B, and the SpaceX IPO generating record $3.86B in tokenized equity volume collectively confirm that real-world asset tokenization has moved decisively from pilot to live financial infrastructure at global scale.
- •The U.S. regulatory landscape multiplied in complexity simultaneously — a CBDC ban took effect, the Clarity Act neared a late-July draft, the SEC formed a Retail Fraud Working Group and prepared a 'Reg Crypto' proposal, and the GENIUS Act framework actively shaped which stablecoin issuers gain institutional access — signaling that the U.S. is building a multi-track regulatory architecture rather than a unified framework.
- •DeFi's risk profile sharpened this week: $15M+ was drained via flash loan and oracle manipulation attacks on Summer.fi and Hedera, while AI agents discovered a validator crash bug in Ethereum's protocol — together illustrating that as institutional assets flow onchain, the attack surface is expanding faster than security infrastructure can contain it.
- •The institutional holdout era is ending: Vanguard's $10T AUM opened a digital assets leadership search, Sony secured conditional stablecoin trust bank approval, and EDX Markets raised $76M targeting institutional clients — compressing the window for crypto-native platforms to entrench their infrastructure advantage before traditional finance fully arrives.
- •AI-blockchain convergence shifted from narrative to architecture this week, with BNB Chain building a 100,000 TPS layer-1 explicitly for autonomous AI agents, a 27-firm consortium launching an AI agent dispute resolution court, and Meta embedding stablecoins in its agentic commerce infrastructure — signaling that AI agent infrastructure is becoming a primary design constraint for next-generation blockchain networks.
Key Points (15)
- 1.The tokenized RWA market reached approximately $26.9 billion in active market cap and $29.1 billion in onchain market cap across 181 asset issuers as of July 11, 2026, per DefiLlama, with BlackRock's BUIDL fund surging to $3.69 billion — a 21% weekly gain — becoming the largest single tokenized RWA asset [1].
- 2.Swift launched a blockchain-based shared ledger with 17 major banks — including HSBC, UBS, Wells Fargo, BNP Paribas, BNY and Citi — to enable round-the-clock cross-border payments using tokenized deposits, designed to complement rather than replace existing payment rails [3].
- 3.The SpaceX IPO drove tokenized equity volumes to a record $3.86 billion in June 2026, a 145% surge, with SpaceX tokens capturing $1.19 billion or 31% of total monthly volume [3a].
- 4.Total DeFi TVL stabilized in the $72–74 billion range, recovering from a dip to $72.5 billion on July 9 back to $74.7 billion by July 11, per DefiLlama; crypto diverged from U.S. equities on July 10 as S&P 500 and Nasdaq 100 futures fell while Bitcoin rose to $64,400 and Ether outperformed at $1,790 [1] [8].
- 5.CoinDesk Research reported that digital assets posted a third consecutive quarter of losses in Q2 2026 — the longest losing streak since the 2022 bear market — as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch [3a].
- 6.Two significant DeFi exploits occurred this period: Summer.fi's Lazy Summer vaults lost approximately $6 million on July 6 via a flash loan manipulating USDC vault accounting, causing SUMR to fall over 18%; and Bonzo Lend on Hedera lost approximately $9.05 million on July 11 via a Supra oracle verification flaw, causing Hedera's TVL to fall nearly 40% in 24 hours [6] [7].
- 7.Robinhood Chain, launched July 1, processed over $568 million in daily trading volume within its first week, but the activity was dominated by the CASHCAT memecoin — which reached a market cap of approximately $105 million — rather than the tokenized RWAs that were its stated purpose; ARB token jumped 19% as 10% of Robinhood Chain net protocol revenue flows to the Arbitrum ecosystem [4].
- 8.Vanguard — overseeing roughly $10 trillion — opened a search for a head of digital assets tasked with developing a multi-year roadmap covering tokenization, stablecoins, digital wallets, custody and blockchain-enabled settlement [9].
- 9.The stablecoin market contracted approximately $10 billion from its May 2026 peak to around $311–312 billion, with June's $7.7 billion decline representing the largest monthly dollar drop since the May 2022 Terra-Luna crash; despite the contraction, USDC trading volume spiked 63% in a single month per Visa data [3a].
- 10.Circle secured U.S. trust bank approval on July 10, while Sony's New York subsidiary received conditional approval to set up a U.S. stablecoin trust bank capitalized with $40 million, extending the GENIUS Act compliance framework to new institutional entrants [3a].
- 11.A temporary CBDC ban embedded in a bipartisan housing bill took effect on July 10 despite President Trump's refusal to sign the legislation, prohibiting the U.S. government from issuing a digital dollar; the newest Clarity Act draft was reported nearing release for a late-July push, though still lacking bipartisan support [3a].
- 12.Ripple's preliminary crypto asset provider license in Luxembourg was upgraded to fully MiCA-compliant on July 6, covering all 30 EEA countries; DefiLlama launched a dedicated MiCA dashboard tracking regulated exchanges including Coinbase, Kraken, Bybit, OKX and Backpack [3a] [2].
- 13.Hyperliquid held approximately $9.5 billion in total perpetual open interest — more than 57% of the onchain perp market — and cleared nearly $8 billion in daily volume per Dune Analytics, while Polymarket sought CFTC approval to bring margin trading to U.S. customers following authorization granted to rival Kalshi in March [12].
- 14.The Ethereum Foundation published findings from AI agents run against Ethereum's protocol code, discovering a remotely triggerable validator crash bug; BNB Chain announced a new layer-1 blockchain targeting over 100,000 TPS with sub-50-millisecond preconfirmations, explicitly designed for autonomous AI agents, with a public testnet targeted for end-2026 and mainnet for early 2027 [11].
- 15.A 27-firm consortium led by the Genlayer Foundation — including OKX, MetaMask and Matter Labs — launched a dispute resolution court for AI agents to make AI-based payments, escrow and dispute resolution interoperable; Meta's Chief Data Officer stated that agentic commerce is the 'next tier of business' and that stablecoins are assumed inside Meta's infrastructure [3a].
Market Trends
Tokenized RWA Market Surges Past $26B as TradFi Infrastructure Converges with Blockchain
The tokenized RWA market continued its structural expansion this period, with DefiLlama tracking a total active RWA market cap of approximately $26.9 billion and onchain market cap of $29.1 billion across 181 asset issuers as of 2026-07-11 [1a]. BlackRock's BUIDL fund surged to $3.69 billion — up 21% in seven days — becoming the largest single tokenized RWA asset, while Securitize's TVL climbed to $5.19 billion, a 17.6% weekly gain [1]. Swift launched a blockchain-based shared ledger with 17 maj…
Stablecoin Market Contracts $10B from May Peak Amid Structural Fragmentation
The total stablecoin market cap contracted by approximately $10 billion from its May 2026 peak, falling to around $311–312 billion, with the $7.7 billion June decline representing the largest monthly dollar drop since the May 2022 Terra-Luna crash, according to CoinDesk [3a]. Despite the contraction, USDT dominance held near 59% and USDC grew its volume lead, with Visa data showing USDC stablecoin trading volume spiked 63% in a single month as Wall Street banks adopted digital currencies for fas…
DeFi TVL Stabilizes Near $74B as Crypto Decouples from Equity Weakness
Total DeFi TVL stabilized in the $72–74 billion range throughout the reporting period, recovering from a dip to $72.5 billion on 2026-07-09 back to $74.7 billion by 2026-07-11, per DefiLlama [1]. Bitcoin traded in the $62,000–$64,400 range, with the $60,000–$70,000 band now representing the third most-traded range in Bitcoin's history at 307 days, per CoinDesk [3a]. Crypto diverged from U.S. equities on 2026-07-10, with S&P 500 and Nasdaq 100 futures falling while Bitcoin rose to $64,400 and Eth…
DeFi Security Risks Persist: Flash Loan Exploits and Oracle Manipulation Drain Millions
DeFi security incidents continued at pace this period, with two significant exploits highlighting persistent vulnerabilities. Summer.fi's Lazy Summer Protocol vaults were drained of approximately $6 million on 2026-07-06 after an attacker used a flash loan sourced through Morpho to manipulate the accounting logic of automated USDC vaults, inflating total assets and redeeming them for profit; the protocol's SUMR token fell over 18% and the protocol had $22 million in TVL before the exploit [6]. O…
AI-Blockchain Convergence Accelerates as Agents, Agentic Commerce, and Protocol Security Intersect
The intersection of AI and blockchain deepened across multiple dimensions this period. The Ethereum Foundation published findings from running coordinated AI agents against Ethereum's protocol code, discovering a remotely triggerable validator crash bug — though human researchers were required to verify the AI's findings, with the AI also producing confident but incorrect findings [3a]. BNB Chain announced a new layer-1 blockchain targeting over 100,000 transactions per second with sub-50-millis…
Competitor Trends
Robinhood Chain Generates $568M Daily Volume in First Week, Driven by Memecoin Frenzy
Robinhood Chain, the Arbitrum-based Ethereum Layer 2 launched on 2026-07-01, processed over $568 million in daily trading volume within its first week, with stablecoin balances on the network climbing above $260 million [4]. The activity was dominated not by tokenized real-world assets — Robinhood's stated purpose — but by a cat-themed memecoin called CASHCAT, which reached a market value of approximately $105 million; early buyers turned stakes as small as $838 into over $917,000 in realized ga…
Vanguard and Institutional Holdouts Shift Toward Digital Asset Strategy Roles
Vanguard, long one of crypto's largest institutional skeptics among asset managers overseeing roughly $10 trillion, opened a search for a head of digital assets — a senior role tasked with developing a multi-year roadmap covering tokenization, stablecoins, digital wallets, custody and blockchain-enabled settlement [9]. The move follows Vanguard's December 2025 decision to allow brokerage clients to trade cryptocurrency ETFs and mutual funds, while still declining to launch its own crypto product…
Tokenized Equity Infrastructure Race Intensifies as Dinari-tZERO, Cronos, and Robinhood Compete
Competition to build the dominant infrastructure for tokenized equities intensified this period across multiple fronts. Dinari and tZERO announced a partnership to offer broker-dealers a turnkey platform for tokenized U.S. equities, combining Dinari's dShares platform — backed one-for-one by underlying shares with regulated custodians — with tZERO's brokerage, custody, clearing and settlement infrastructure [10]. Cronos Network, supported by Crypto.com and its 150 million+ registered users, went…
Polygon Deepens Enterprise Payments Moat with PayPal USD Integration and Open Money Stack
Polygon continued to consolidate its enterprise payments position this period, with PayPal USD (PYUSD) landing on Polygon Chain on 2026-07-09, enabling regulated onchain dollars to move across borders in a single integration [14] (company announcement — may reflect promotional framing). Polygon's Open Money Stack — a unified stack for wallets, compliance, on- and off-ramps and settlement — entered broader availability, with the network reporting 159 million unique wallet addresses, $54 billion i…
Hyperliquid Dominates Onchain Perps as Regulated U.S. Perpetuals Market Begins to Form
Hyperliquid maintained its dominant position in the onchain perpetuals market, holding approximately $9.5 billion in total perpetual open interest — more than 57% of the on-chain perp market — and clearing nearly $8 billion in daily volume, per Dune Analytics data cited in Dune Digest #59 [12]. Hyperliquid's HYPE token rose 2.8% on 2026-07-10 with a series of higher lows pointing to a bullish posture, while Lighter (LIT) — a decentralized derivatives exchange that signed a deal with Robinhood Ch…
Regulatory Trends
U.S. Crypto Market Structure Bill Advances Toward Late-July Draft as CBDC Ban Takes Effect
The newest version of the crypto Clarity Act was reported by CoinDesk sources to be nearing release as soon as the week of 2026-07-10, in a final push for late-July action — though the bill still lacks bipartisan buy-in [3a]. Separately, a temporary CBDC ban embedded in a bipartisan housing bill took effect on 2026-07-10 despite President Trump's refusal to sign the legislation, prohibiting the U.S. government from issuing a digital dollar [3a]. The SEC formed a new Retail Fraud Working Group on…
Circle and Sony Secure U.S. Trust Bank Approvals as Regulated Stablecoin Infrastructure Expands
Circle soared after securing U.S. trust bank approval on 2026-07-10, adding to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system [3a]. Sony's New York-based subsidiary, fully owned by Sony Bank, received conditional approval to set up a U.S. stablecoin trust bank capitalized with $40 million [3a]. These approvals follow Paxos's May 2026 registration as the first blockchain-native SEC clearing agency and Tether's USAT launch …
Ripple Achieves Full MiCA Compliance Across EEA as EU Regulatory Framework Matures
Ripple's preliminary crypto asset provider license in Luxembourg was upgraded to fully compliant on 2026-07-06, meaning Ripple is now fully MiCA-compliant for payments, financial institutions, corporates and businesses across all 30 European Economic Area countries [3a]. DefiLlama launched a dedicated MiCA dashboard tracking regulated exchanges in the EU, listing regulated venues including Coinbase (CSSF), Kraken (Central Bank of Ireland), Bybit (Austrian FMA), OKX (Malta MFSA) and Backpack (Lat…
India and New Hampshire Resist Crypto Integration as Global Regulatory Divergence Widens
The Reserve Bank of India was reported to still favor crypto prohibition to curtail tax evasion, per Reuters, as of 2026-07-08 [3a]. New Hampshire's executive council rejected a trailblazing state-government bitcoin bond project 3-2 at its final approval stage on 2026-07-09 [3a]. Singapore's Temasek investment fund, managing approximately $400 billion, said crypto is off the table and it will focus on AI, planning to expand AI holdings to 15% of its portfolio by 2031 from the current 6% [3a]. Th…
Sources Activity
Since last week
Robinhood Chain Generates $568M Daily Volume; Memecoin Dominates RWA-Focused Chain
Robinhood Chain, launched 2026-07-01, processed over $568 million in daily trading volume within its first week — far ahead of projections — but the activity was dominated by the CASHCAT memecoin rather than tokenized RWAs. Stablecoin balances climbed above $260 million. Arbitrum's ARB token jumped 19% as 10% of Robinhood Chain's net protocol revenue flows to the Arbitrum ecosystem. FalconX projected $60 million in annual revenue by 2030 [4]. This updates the prior period's launch announcement w…
Swift Launches Blockchain Ledger with 17 Global Banks for 24/7 Tokenized Deposit Settlement
Swift announced on 2026-07-09 that 17 major banks — including HSBC, UBS, Wells Fargo, BNP Paribas, BNY and Citi — are preparing to begin live testing on Swift's blockchain-based shared ledger for round-the-clock cross-border payments using tokenized deposits. The system works alongside existing payment rails rather than replacing them [3]. This is the most significant traditional financial infrastructure commitment to blockchain-based settlement announced this period.
DeFi Exploits Drain $15M+ via Flash Loans and Oracle Manipulation on Summer.fi and Hedera
Two significant DeFi exploits occurred this period: Summer.fi's Lazy Summer vaults lost approximately $6 million on 2026-07-06 via a flash loan attack manipulating USDC vault accounting logic, causing SUMR to fall over 18% [6]; and Bonzo Lend on Hedera lost approximately $9.05 million on 2026-07-11 via a Supra oracle verification flaw, causing Hedera's TVL to fall nearly 40% in 24 hours [7]. Flash loan and oracle manipulation remain the dominant DeFi attack vectors.
U.S. CBDC Ban Takes Effect; Clarity Act Draft Nears as Regulatory Tracks Multiply
A temporary CBDC ban embedded in a housing bill took effect on 2026-07-10 despite President Trump's refusal to sign it, prohibiting the U.S. government from issuing a digital dollar [3a]. The newest Clarity Act draft was reported to be nearing release for a late-July push, though still lacking bipartisan support [3a]. The SEC formed a Retail Fraud Working Group on 2026-07-07 and is preparing a 'Reg Crypto' proposal [15]. This updates the prior period's Clarity Act uncertainty with a new CBDC pro…
Cronos and Flow Go Live on Dune; Vanguard Opens Digital Assets Leadership Search
Cronos Network — Crypto.com's purpose-built settlement layer for stablecoins and tokenized assets with 150M+ registered users — went live on Dune Analytics on 2026-07-09 [13]. Flow Layer 1, with 40+ million user accounts and nearly 1 billion transactions, also became fully queryable on Dune [12a]. Separately, Vanguard — overseeing roughly $10 trillion — opened a search for a head of digital assets to develop a multi-year roadmap covering tokenization, stablecoins and blockchain settlement [9]. T…
Watchlist — Upcoming Deadlines
Clarity Act late-July draft release and congressional push
Source: SEC — Retail Fraud Working Group and IPO Modernization RoundtableStrategic Insights (12)
- 1.Swift's blockchain ledger with 17 global banks represents a structural shift: the most systemically important financial messaging network on earth is now committing to tokenized deposit settlement, meaning blockchain-based payment rails are no longer a crypto-industry initiative but a core TradFi infrastructure upgrade — protocols and networks that achieve Swift integration or interoperability will gain institutional distribution advantages that are difficult to displace [3].
- 2.Robinhood Chain's first-week reality — $568M daily volume dominated by a cat-themed memecoin rather than tokenized RWAs — illustrates a fundamental tension in institutional blockchain strategy: user-generated demand is inherently speculative and cannot be engineered toward institutional use cases, suggesting that RWA-focused chains may need hard partitioning of activity types or permissioned environments to achieve their stated goals [4].
- 3.The emergence of four competing tokenized equity models — issuer-sponsored tokenization (Securitize), custodian-backed dShares (Dinari/tZERO), synthetic offshore tokens (Robinhood/Kraken xStocks), and purpose-built settlement chains (Cronos) — indicates the tokenized equity market will likely fragment by regulatory jurisdiction before it consolidates, with the winning model ultimately determined by regulatory classification rather than technical superiority [10].
- 4.The CBDC ban taking effect simultaneously with accelerating GENIUS Act-compliant private stablecoin approvals (Circle trust bank, Sony conditional approval, Tether USAT via Anchorage) signals a deliberate U.S. policy architecture: privatize digital dollar infrastructure while prohibiting public issuance — a framework that concentrates systemic digital payment risk in regulated private entities rather than the central bank [3a].
- 5.Vanguard's digital assets leadership search — following its December 2025 decision to allow crypto ETF trading but not launch its own products — suggests the firm is in a strategic 'fast-follower' posture, building internal capability to move quickly once regulatory clarity on tokenization and stablecoins is established, rather than pioneering; this is the most conservative major asset manager effectively acknowledging that digital asset strategy is now a fiduciary obligation [9].
- 6.The Bonzo/Hedera oracle exploit and Summer.fi flash loan attack occurring within five days of each other reinforce that third-party oracle integrations and automated vault accounting logic remain the dominant DeFi attack surface — and that chains seeking institutional adoption (Hedera's enterprise focus) face reputational damage disproportionate to exploit size when TVL falls 40% in 24 hours [7].
- 7.Hyperliquid's 57%+ share of onchain perpetual open interest alongside Polymarket seeking U.S. margin trading approval signals that the regulated onshore derivatives market is forming around CFTC-approved venues (Kalshi BTCPERP), but the gap in scale is enormous — the regulatory race to create compliant alternatives to offshore DeFi derivatives is years behind the market structure it seeks to govern [12].
- 8.BNB Chain's design of a new layer-1 explicitly for autonomous AI agents — targeting 100,000 TPS and sub-50ms preconfirmations — alongside the Genlayer consortium's AI agent dispute resolution court indicates that next-generation blockchain networks are being purpose-built for machine-to-machine economic activity, not human users; this represents a fundamental reorientation of blockchain's primary customer from retail and institutional investors to software agents [11].
- 9.Digital assets posting a third consecutive quarter of losses in Q2 2026 — the longest losing streak since 2022 — while institutional tokenization infrastructure simultaneously hits new highs reveals a structural bifurcation: the open crypto market is in a prolonged bear phase driven by AI equity rotation, while the institutional tokenization layer operates on a separate trajectory driven by regulatory frameworks and TradFi adoption cycles [3a].
- 10.Ripple's full MiCA compliance across all 30 EEA countries, combined with DefiLlama's new MiCA dashboard tracking compliant exchanges, demonstrates that MiCA is producing a measurable, data-trackable competitive divide between compliant and non-compliant venues — transforming regulatory status from a legal footnote into a quantifiable liquidity and market share variable [2].
- 11.The global regulatory divergence intensified this week along a clear fault line: the U.S., EU and select jurisdictions are building active crypto regulatory frameworks, while India's RBI favors prohibition to curtail tax evasion, New Hampshire's bitcoin bond project was rejected 3-2, and Singapore's Temasek ($400B AUM) explicitly moved crypto off its investment mandate in favor of AI — suggesting geographic concentration of crypto-friendly capital is accelerating [3a].
- 12.The stablecoin market's bifurcation into regulated institutional tokens (USAT, SOFID, PYUSD on Polygon) and broad-market incumbents (USDT at 59% dominance) is occurring faster than the Clarity Act's legislative timeline — meaning the market structure being regulated may already be obsolete by the time the bill passes, creating first-mover advantages for GENIUS Act-compliant issuers regardless of final legislative outcomes [3a] [12].
Trust Summary
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Sources
DefiLlama tracked total active RWA market cap of approximately $26.9 billion and onchain market cap of $29.1 billion across 181 asset issuers as of July 11, 2026; BlackRock's BUIDL at $3.69 billion (up 21% weekly); Securitize TVL at $5.19 billion (up 17.6% weekly); DeFi TVL stabilizing in $72–74 billion range.
DefiLlama launched a dedicated MiCA dashboard listing regulated exchanges in the EU including Coinbase (CSSF), Kraken (Central Bank of Ireland), Bybit (Austrian FMA), OKX (Malta MFSA) and Backpack (Latvijas Banka).
Swift launched a blockchain-based shared ledger with 17 major banks including HSBC, UBS, Wells Fargo, BNP Paribas, BNY and Citi for round-the-clock cross-border payments using tokenized deposits, designed to complement existing payment rails.
Robinhood Chain processed over $568 million in daily trading volume within its first week, dominated by CASHCAT memecoin (~$105M market cap); ARB jumped 19% as 10% of net protocol revenue flows to Arbitrum; FalconX projected $60M annual revenue by 2030.
CASHCAT memecoin on Robinhood Chain reached approximately $105 million market value; early buyers turned stakes as small as $838 into over $917,000 in realized gains, highlighting speculative activity dominating the RWA-focused chain.
Summer.fi's Lazy Summer Protocol vaults were drained of approximately $6 million on July 6 via a flash loan from Morpho manipulating USDC vault accounting logic; SUMR token fell over 18%; protocol had $22 million in TVL before the exploit.
Bonzo Lend on Hedera lost approximately $9.05 million on July 11 via a Supra oracle verification flaw; attacker borrowed 6.63 million USDC and 34.52 million wrapped HBAR; Hedera's TVL fell nearly 40% in 24 hours.
Crypto diverged from U.S. equities on July 10 with Bitcoin rising to $64,400 and Ether at $1,790 while S&P 500 and Nasdaq 100 futures fell; HYPE rose 2.8%; Lighter (LIT) surged 200%+ since May 16.
Vanguard (~$10 trillion AUM) opened a search for a head of digital assets to develop a multi-year roadmap covering tokenization, stablecoins, digital wallets, custody and blockchain-enabled settlement.
Dinari and tZERO announced a turnkey platform for broker-dealers offering tokenized U.S. equities, combining Dinari's dShares (backed one-for-one by underlying shares) with tZERO's brokerage, custody, clearing and settlement infrastructure.
BNB Chain announced a new layer-1 targeting 100,000+ TPS and sub-50ms preconfirmations designed for autonomous AI agents and high-frequency trading; public testnet targeted end-2026, mainnet early 2027.
Dune Digest 59 covered Hyperliquid holding ~$9.5B in perpetual open interest (57%+ of onchain perp market) with ~$8B daily volume; Tether USAT at $157M; SoFi SOFID available to 14.7M customers; Cronos live on Dune Analytics; Polymarket seeking U.S. margin trading approval.
Cronos Network — Crypto.com's settlement layer for stablecoins and tokenized assets with 150M+ registered users — went live on Dune Analytics; Cronos supports deterministic finality and 24/7 settlement (company announcement — may reflect promotional framing).
PayPal USD (PYUSD) landed on Polygon Chain on July 9; Polygon's Open Money Stack entered broader availability with 159M unique wallet addresses, $54B stablecoin transfer volume and $3.4B stablecoin supply; Polygon Chain supports 5,000 payments per second (company announcement — may reflect promotional framing).
The SEC formed a new Retail Fraud Working Group on July 7 and hosted a virtual roundtable on modernizing IPOs and expanding access to public markets on July 8; also reported to be preparing a 'Reg Crypto' rule proposal.
The FSB published a cross-border payments update on July 8 and held a resolution planning event on July 9, continuing its work on crypto-assets and stablecoins as part of its 2026 work programme.