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July 23, 2026

Mining

Kazakhstan sets strict strategic mining rules linked to state-backed crypto reserve

Kazakhstan sets strategic mining rules tied to state crypto reserve Kazakhstan plans to require crypto miners seeking “strategic” status to meet strict infrastructure standards and transfer part of their mined assets to a reserve mechanism via the state-backed Astana Hub. Under rules taking effect Aug. 1, 2026, applicants must own a 150 MW mining data center, use hardware with at least 150 TH/s per unit, and buy electricity from eligible generators at regulated tariffs if approved.

ETF & Funds

Binance Captured 74% of TradFi ETF Perpetual Futures Trading in July, Research Says

Binance takes 74% of TradFi ETF-perps market in July Binance Research said perpetual futures tied to traditional finance ETFs made up 19% of all real-world asset contract trading volume in July, with cumulative 2026 volume topping $116 billion after averaging 170% monthly growth over the past seven months. Binance held 74% of that market in July, and ETF-perps made up 30% of its own TradFi-perps volume.

Regulation

Bitget added to New Zealand financial services register, joins IFSO complaints scheme

Bitget registers on New Zealand financial services provider register Bitget has been added to New Zealand’s Financial Service Providers Register and joined the IFSO Dispute Resolution Scheme, giving eligible customers an external channel for complaints. The FSPR registration covers services including foreign exchange, domestic and cross-border money transfers, client asset custody, portfolio and money management, and execution of financial product or FX transactions on behalf of clients.

Security

NIGHT Drops 45% After Wanchain Bridge Exploit Hits Midnight Treasury

Wanchain bridge exploit sends NIGHT down 45% NIGHT, the Midnight ecosystem’s native token, fell about 45% on Monday after an attacker exploited a flaw in Wanchain’s Cardano-to-BNB Chain bridge and drained roughly $10 million from the Cardano-side treasury. The bug in Wanchain’s TreasuryCheck validator let the attacker turn an approved transfer of about 3,110 NIGHT into more than 203 million NIGHT, which was then dumped on Cardano DEXs.

Companies

The Smarter Web Company repays $11.7M convert early by selling 177.89 Bitcoin

The Smarter Web Company repays $11.7M convert early with Bitcoin sale The Smarter Web Company said it repaid its $11,698,540 Smarter Convert instrument about two weeks before maturity by selling 177.8909127 BTC at an average $65,762 per coin. The move eliminates a potential issuance of 7,718,551 ordinary shares tied to the financing structure, while leaving the company with a Bitcoin treasury of 2,700 BTC.

Companies

BitMEX to End Operations on Sept. 23 After Strategic Review

BitMEX to shut down on Sept. 23 after strategic review HDR Global Trading will close crypto derivatives exchange BitMEX on Sept. 23 following what Cointelegraph described as a broad strategic review. The company told users to close all open positions and withdraw funds before the shutdown, and said customer assets will remain fully secure until operations end. BitMEX did not disclose the reason for the closure or details of the liquidation process.

Market

Hyperliquid Open Interest Rises to $11.51 Billion as HIP-3 RWA Perps Pass Bitcoin

Hyperliquid open interest hits $11.51B as RWA perps overtake Bitcoin Hyperliquid’s total open interest has climbed to $11.51 billion, its highest level since the Oct. 10 crash, with HIP-3 builder markets now holding $3.61 billion. That pushed RWA perpetuals past Bitcoin as the biggest slice of the platform’s book, while Hyperliquid’s share of perp open interest versus major centralized exchanges rose to a record 9.5%, even though its own OI is still about 23% below the roughly $15 billion peak.

ETF & Funds

BancaStato rolls out Bitcoin, Ether, Litecoin and Solana trading via Sygnum integration

BancaStato launches regulated crypto trading with Sygnum Swiss cantonal bank BancaStato has rolled out regulated crypto trading through an integration with Sygnum and Avaloq, allowing clients to buy, hold and sell BTC, ETH, LTC and SOL in the bank’s existing web and mobile apps. Sygnum provides trade execution and institutional custody, while Avaloq keeps crypto and traditional assets in the same core banking setup, making BancaStato the first Avaloq SaaS bank to offer API-based crypto trading.

Companies

Mirae Asset completes Korbit deal and plans Digital X relaunch with STO and stablecoin push

Mirae Asset completes Korbit acquisition, plans relaunch as Digital X Mirae Asset Group has completed its acquisition of South Korean crypto exchange Korbit and plans to relaunch it as Digital X, expanding into real-world asset tokenization, security token offerings and stablecoins. The group said Korbit’s corporate entity and current services will remain unchanged for now, with no impact on crypto trading, KRW deposits and withdrawals, or customer fund management.

Security

AFX Trade loses about $24.15 million after bridge validator keys were compromised

AFX Trade drained for $24.15M after bridge validator key compromise AFX Trade, a USDC-settled perpetuals DEX on Arbitrum, lost about $24.15 million after an attacker used enough compromised hot-validator signatures to approve a bridge withdrawal. Blockaid said the on-chain logic worked as designed and Arbitrum said its native bridge was not affected; after a 200-second dispute period, the stolen USDC was moved to Ethereum and swapped for roughly 12,467 ETH.

Security

CertiK says crypto wrench attacks hit 52 in H1 as exposure reaches $124.1 million

CertiK: Crypto wrench attacks hit 52 in H1 2026, exposure jumps to $124.1M CertiK recorded 52 verified crypto wrench attacks worldwide in H1 2026, up 33.3% from a year earlier, while recorded financial exposure surged 1,079% to $124.1 million. Europe accounted for 39 cases, with France alone at 33, and home invasions became the leading attack method, rising to 20 incidents from one in H1 2025. This exposure figure includes stolen funds, ransom demands and frozen assets, not just confirmed losses.

Regulation

France Orders Nationwide ISP Block on Polymarket, Company Prepares Court Challenge

France orders ISPs to block Polymarket nationwide French gaming regulator ANJ ordered internet providers to block Polymarket before the FIFA World Cup final, arguing the site was still promoting unauthorized betting by showing live market odds. Polymarket plans to challenge the order in French courts, saying it had already stopped French users from placing bets in late 2024 and only continued offering market data and event probabilities.

Regulation

Peirce Says Some Crypto Vaults and Onchain Lending May Fall Under Securities Rules

SEC’s Peirce flags crypto vaults and onchain lending for securities review SEC Commissioner Hester Peirce said some crypto vaults and decentralized lending models could fall under existing U.S. securities laws, warning that blockchain technology alone does not put products outside federal oversight. She said platforms with human managers, portfolio-style asset allocation, or lending terms such as interest rates, collateral rules and liquidations may face closer scrutiny, and urged developers to engage with the SEC early.

Court

SEC to pay Coinbase $150,000 to settle records lawsuit over missing Gensler texts

SEC settles Coinbase records lawsuit for $150,000 The US Securities and Exchange Commission agreed to pay Coinbase $150,000 in legal fees to end a two-year lawsuit over internal agency records tied to the Biden-era crypto crackdown. The case followed a watchdog report that found the SEC lost nearly a year of former Chair Gary Gensler’s text messages because of “avoidable errors,” and Coinbase said the agency has since fixed its record-retention policies.

ETF & Funds

Japan may see its first Bitcoin ETF by 2028 as regulators rewrite fund rules

Japan could allow its first Bitcoin ETF by 2028 Japan’s Financial Services Agency plans to revise investment-fund rules after lawmakers brought crypto assets under the Financial Instruments and Exchange Act, opening a path for investment trusts and ETFs to hold crypto directly. Nikkei said a first Bitcoin ETF could launch by 2028, with Japanese Bitcoin ETFs potentially attracting as much as ¥3 trillion by fiscal 2028 as major asset managers prepare products.

Regulation

Injective Seeks SEC Transfer Agent Status to Support On-Chain Securities Records

Injective files SEC transfer agent registration for on-chain securities records Injective has filed Form TA-1 with the US Securities and Exchange Commission to register as a transfer agent, seeking a role in official recordkeeping for securities ownership on blockchain rails. If approved, the registration could support tokenized stocks, funds and credit products on Injective’s infrastructure; the filing does not register the INJ token as a security.

Infrastructure

Pyth adds USDY/USD oracle feed for Ondo’s asset on Aptos and Sui

Pyth launches USDY/USD oracle feed for Aptos and Sui Pyth Network has rolled out a USDY/USD price feed to support Ondo Finance’s yield-bearing USDY asset across Aptos and Sui DeFi ecosystems. The feed gives developers real-time pricing data needed to use USDY in lending, collateral and trading products, removing a key infrastructure barrier for broader on-chain RWA integration.

Infrastructure

Sui Begins Devnet Testing for Confidential Transactions

Sui starts devnet testing for confidential transactions Sui has begun testing confidential transactions on devnet as of June 8, 2026, bringing a privacy upgrade into a live developer environment. The feature is designed to hide transaction amounts and balances while keeping sender and recipient addresses visible for auditability, a selective confidentiality model Sui says could suit enterprise and financial applications. It is not live on mainnet yet.

DeFi

Uniswap DAO Reviews Optimism Fee Routing Proposal for UNI Token Burns

Uniswap weighs UNI burn test using fees from Optimism pools Uniswap governance is reviewing a proposal to route protocol fees from selected Optimism pools toward UNI token burns, creating a narrower test of how deployment-level activity could link to UNI economics. The plan is limited to Optimism rather than all Uniswap deployments, giving tokenholders a contained case to debate before any broader change.

Infrastructure

Base and Optimism Advance Native Account Abstraction for the OP Stack

Base and Optimism test native account abstraction for OP Stack Base and Optimism are bringing native account abstraction to the OP Stack, with developer testing now live on Base Vibenet and mainnet rollout planned for the Cobalt upgrade in September 2026. The work centers on EIP-8130 and is meant to make accounts more flexible across OP Stack chains, supporting smoother onboarding, transaction flows, and wallet features such as sponsored transactions, recovery, spending limits, and batched actions.

July 22, 2026

Security

Zilliqa halts native ZIL transfers after Ledger signing flaw exposes private keys

Zilliqa freezes native ZIL transfers over Ledger key-exposure flaw Zilliqa halted native ZIL transactions on July 22 after confirming a Ledger app bug dating to 2019 that can let attackers reconstruct private keys from public on-chain signatures. The flaw affects only native, non-EVM ZIL transfers signed on Ledger devices; Zilliqa said about five affected signatures may be enough, warned users not to move funds, and said Ledger is preparing a patch.

Court

Movement Labs Seeks Chapter 11 Protection After Months of MOVE Token Fallout

Movement Labs files for Chapter 11 in Delaware Movement Labs has filed for Chapter 11 protection in the U.S. Bankruptcy Court of Delaware, listing under 1,000 creditors, $100,000-$500,000 in assets and more than $1 million in liabilities. The filing follows months of fallout from the MOVE token scandal, including a $66 million dump tied to market maker Rentech after the Binance listing; the largest unsecured claim, at over $1.6 million, belongs to former co-founder Ruhikesh Manche. The first creditor hearing is set for Aug. 20.

ETF & Funds

U.S. Bitcoin ETFs Take In $203 Million, Lifting Combined Assets Above $80 Billion

Bitcoin ETFs Add $203M, Pushing Assets Above $80B U.S. spot bitcoin ETFs took in $203.14 million on Tuesday, extending their inflow streak to six sessions and lifting combined net assets to $80.94 billion. BlackRock’s IBIT led with $163.89 million, and no bitcoin ETF posted an outflow; spot ether ETFs added $37.47 million, while XRP and Solana funds brought in $5.66 million and $5.83 million, respectively.

Security

Ostium to Resume Trading on July 23 After $23.8M LP Vault Exploit

Ostium to reopen trading after $23.8M LP vault exploit Arbitrum perpetuals protocol Ostium said it will reopen trading Thursday, a week after a July 15 exploit drained nearly 23.8 million USDC from its liquidity provider vault. The protocol said trader collateral was unaffected because it sits in a separate contract, while open positions and pending orders will carry over and be repriced to the live market at reopening.

Security

CertiK says France led 52 crypto wrench attacks in first half of 2026

CertiK reports 52 crypto wrench attacks in H1 2026, led by France CertiK said confirmed physical attacks on crypto holders rose 33.3% year over year to 52 in H1 2026, with estimated financial exposure jumping to about $124.1 million from $10.5 million. Europe accounted for 39 cases and France for 33 alone, while crypto-related home invasions surged from one to 20; CertiK said the $124.1 million figure reflects exposure, not confirmed stolen funds.

ETF & Funds

Grayscale’s proposed Worldcoin ETF puts WLD back in focus amid weak price structure

Grayscale files S-1 for proposed Worldcoin ETF Grayscale filed a Form S-1 with the SEC on July 20, 2026 to launch a proposed spot Worldcoin ETF, offering investors exposure to WLD without directly holding the token. The filing puts WLD back in focus as it trades around $0.38, well below its mid-June peak near $0.71-$0.72, but it does not guarantee approval or immediate inflows.

Regulation

Hester Peirce Says Some DeFi Vaults Could Fall Under US Securities Laws

Peirce warns SEC could treat some DeFi vaults as securities SEC Commissioner Hester Peirce said on-chain DeFi vaults may fall under US securities laws if a pool or strategy is managed by a team rather than an autonomous algorithm. She warned that human control over interest rates or capital allocation could make a project a securities issuer, investment company, or even an unregistered investment adviser, and said tokenizing assets on-chain does not remove legal responsibility.

Court

SEC to Pay Coinbase $150K After Lost Gensler Texts in Records Dispute

SEC to pay Coinbase $150,000 over lost Gensler text messages The SEC agreed to pay Coinbase $150,000 and revise its record-retention policies after the agency lost nearly 11 months of former Chair Gary Gensler’s crypto-related text messages. An SEC Inspector General review said avoidable IT failures and a factory reset wiped messages from Oct. 18, 2022, to Sept. 6, 2023, despite Coinbase’s request for communications tied to crypto policy and enforcement.

Regulation

CLARITY Act’s Section 604 Seeks to Redefine Money-Transmitter Liability in DeFi

CLARITY Act Section 604 targets DeFi money-transmitter liability Section 604 of the CLARITY Act would make non-custodial developers and software publishers that never control user funds exempt from money-transmitter status under the Bank Secrecy Act, aiming to settle a dispute sharpened by the Tornado Cash and Samourai Wallet cases. The fight matters because operating an unlicensed money-transmitting business can be prosecuted under 18 U.S.C. Section 1960, while exchanges, custodial wallets and payment processors would remain regulated.

Regulation

EU digital euro talks advance as lawmakers target deal within six months

Digital euro talks move ahead with possible ECB decision by 2027 EU negotiations on the digital euro are underway, with lawmakers aiming to reach a legislative agreement within six months and a possible ECB issuance decision by 2027. The proposed CBDC would be fully backed by the ECB and offered through banks and payment providers, while critics warn it could expand surveillance and control despite promises of cash-like privacy for offline payments.

Regulation

Draft CLARITY bill would let crypto projects self-certify token maturity

CLARITY bill would let crypto projects self-certify token maturity A draft CLARITY framework would flip US crypto classification by letting an issuer, affiliate, or even a DAO certify that a blockchain is mature, starting a rebuttable presumption the SEC has 60 days to challenge. If unchallenged, the token would move out of SEC oversight and originator disclosures into CFTC jurisdiction as a digital commodity, using a maturity test centered on network functionality and a 20% control cap.

Security

Upbit places Zilliqa on delisting watch after critical Ledger wallet key exposure

Upbit puts Zilliqa on delisting watch after Ledger app flaw Upbit has placed Zilliqa (ZIL) on delisting watch and frozen deposits and withdrawals for ZIL/KRW and ZIL/BTC after Zilliqa disclosed a critical Ledger wallet flaw that exposed private keys. Zilliqa said every version of its Ledger app since launch carried the bug, and accounts with about five or more native transactions should be considered compromised; the review runs until the week of August 17.

Court

DOJ seeks forfeiture of over $25 million in crypto tied to romance and investment scams

DOJ files to seize over $25M in crypto tied to fraud networks The US Department of Justice has filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency allegedly tied to international romance, investment, and recovery scams that targeted victims in the US and Canada. The biggest case seeks about $12.1 million linked to romance schemes affecting more than 200 victims, while another targets $10.4 million tied to over 270 suspected victim transactions; investigators said the funds were laundered through multi-wallet transfers, with networks largely based in Southeast Asia.

Regulation

South Korea Moves to Fast-Track Existing Curbs on Single-Stock Leveraged ETFs

South Korea to speed rollout of single-stock leveraged ETF curbs President Lee Jae-myung’s call for a “swift and bold” response on single-stock leveraged ETFs is not a push for extra restrictions, presidential policy chief Kim Yong-beom said on July 22, but an order to implement existing measures faster. The package raises the minimum deposit to 30 million won, allows only cash as deposits, lifts the trading unit to 20 shares, and tightens accountability for tracking gaps, while regulators may discuss limited flexibility on that rule with the industry.

Security

SecondFi to wind down after $2.6 million ADA theft tied to wallet software flaw

SecondFi to shut down after $2.6M ADA hack hit 374 wallets SecondFi said it will wind down after attackers exploited a cryptographic flaw in its Cardano wallet software, stealing about 16.1 million ADA, or roughly $2.6 million, from 374 wallets. An independent probe pointed to a sophisticated external actor with indicators potentially linked to North Korea’s Lazarus Group, while recovery and wallet migration tools once expected within weeks are now targeted for August, with no reimbursement plan announced.

Security

42DAO Oracle Glitch Triggers 99.8% Balance Coin Crash and $912,000 Drain

42DAO oracle glitch triggers 99.8% BLC collapse and $912,000 drain Balance Coin (BLC) lost its dollar peg and crashed 99.8% to about $0.0013 after a seconds-long oracle failure on 42DAO let an attacker exploit two smart contracts and drain roughly $912,000 in a single transaction. Analysts said the pricing module accepted an abnormally low BTCB oracle price without filters, while the liquidation module acted on it instantly; the attacker then dumped newly minted BLC on PancakeSwap, wiping out liquidity and leaving the protocol with heavy bad debt.

Regulation

Kim Min-seok backs won stablecoin rules and tokenized securities framework

Kim Min-seok puts won stablecoins, tokenized securities at center of reform agenda Former Prime Minister Kim Min-seok said he will make the institutionalization of won stablecoins and tokenized securities a core part of his financial reform agenda, including a Framework Act on Digital Assets and a party-led special committee on public assets and financial innovation. The Financial Services Commission is separately drafting detailed rules on stablecoin issuers, reserve assets and redemption rights, while tokenized securities rules are further along under planned legal amendments.

Court

SEC Alleges Mining Automatic Ran $22 Million Crypto Mining Investment Fraud

SEC sues Mining Automatic, founder over alleged $22M crypto mining fraud The SEC sued Massachusetts-based Mining Automatic and founder Zan Shaikh, alleging they raised $22 million from 380 investors between 2023 and 2025 by promising crypto-mining returns above 46% annually. The regulator claims only about 13% of funds went to mining, while $7 million was spent on marketing and payouts took on Ponzi-like characteristics; payments allegedly stopped by March 2025, leaving more than $20 million in principal unpaid.

Tokenization

Maharashtra Plans DELTA Act to Put Real Estate Tokenization on a Legal Footing

Maharashtra moves to draft DELTA Act for real estate tokenization Maharashtra Chief Minister Devendra Fadnavis has directed state officials to propose the Digitization and Exchange of Land Token Assets, or DELTA, Act to tokenize immovable property on a blockchain-based system. He also ordered an expert committee with representatives from SEBI, BSE and NSE to draft the framework, as the state targets a $1 trillion economy by 2030.

Regulation

Pakistan FIA forms digital-asset crime unit under national control center

Pakistan FIA sets up digital-asset crime unit Pakistan’s Federal Investigation Agency has created a Digital Assets Crime Investigation Team under the National Command and Control Center to investigate cases involving digital assets, including money laundering and terrorist financing, The Block reported on July 22. The unit will work with the Pakistan Virtual Assets Regulatory Authority, while FIA Counter Terrorism Wing director Muhammad Athar Waheed proposed similar teams at the cybercrime agency and Anti-Narcotics Force.

Regulation

UK Lawmakers Investigate Bank Blocks on Crypto Transfers and Account Access

UK lawmakers open inquiry into banks’ crypto restrictions A cross-party group of UK lawmakers has launched an inquiry into whether bank account closures, payment blocks and transfer limits on crypto firms and users are undermining Britain’s digital asset ambitions. The Crypto and Digital Assets APPG will review access to banking, payments and insurance, with written submissions open for six weeks until Aug. 31 before it publishes recommendations to the government.

Regulation

Interactive Brokers Suspends Stablecoin Deposits for Clients in the Philippines

Interactive Brokers halts stablecoin deposits for Philippine clients Interactive Brokers has suspended stablecoin deposits for Philippines-based clients, telling users it cannot process such transfers under local rules for virtual asset services and that any stablecoins sent to previously issued wallet addresses will not be credited. The move leaves Philippine users with traditional funding methods like bank wires and third-party payment services instead of USDC deposits.

July 21, 2026

Companies

Satsuma shareholders back liquidation, sale of 668 BTC after treasury strategy collapses

Satsuma shareholders approve liquidation and sale of 668 BTC Shareholders of London-listed Satsuma Technology voted 90.6% on July 21 to wind down the company, sell its remaining 668 bitcoin and return capital to investors after its treasury strategy buckled under falling asset values, a 99% share-price collapse and pressure from backers including Pantera Capital. The LSE delisting is expected around Sept. 14, with shareholder payouts targeted by Sept. 28.

Market

Sui passes 4.5 billion transactions as daily active addresses reach 1.2 million

Sui passes 4.5B transactions as daily active addresses reach 1.2M Sui has crossed 4.5 billion cumulative transactions, with SuiScan data also showing about 1.2 million daily active addresses for the Move-based layer-1. The figures strengthen Sui’s activity case in the crowded L1 market, though the data still needs caution because transaction and wallet totals can be inflated by bots, testing activity, gaming loops, and other automated flows.

Court

Digital Chamber sues Illinois over planned 0.2% tax on digital asset transactions

Digital Chamber sues Illinois over new 0.2% crypto transaction tax The Digital Chamber filed a federal lawsuit Tuesday seeking to block Illinois from enforcing its new 0.2% tax on crypto transactions, arguing the measure violates the U.S. and Illinois constitutions and is preempted by the Internet Tax Freedom Act. The tax, inserted into the state budget last month, is set to take effect in January and applies to Illinois-based entities or service providers with more than $100,000 in gross receipts.

Tokenization

Solana tokenized asset volume rose to record $5.77 billion in Q2 2026

Solana tokenized asset volume hits record $5.77B in Q2 2026 Solana’s tokenized asset volume climbed to a record $5.77 billion in Q2 2026, up 114% from Q1 and marking the network’s sixth straight quarterly high. Tokenized equities drove the jump, contributing $4.8 billion versus $1.1 billion in the prior quarter, while the final week of Q2 set an all-time weekly record of $1.42 billion.

Security

NIGHT Drops After $13.2M Wanchain Bridge Exploit Hits Midnight Token Route

Wanchain bridge exploit drains $13.2M in NIGHT, token drops about 30% A Wanchain bridge exploit drained 515 million NIGHT tokens worth about $13.2 million, triggering a roughly 30% drop in Midnight’s token as the affected route was paused. The issue was tied to a signature reuse flaw in cross-chain bridge infrastructure, while Cardano’s base layer and Midnight validator infrastructure were not compromised.

Regulation

Reported White House ethics deal boosts prospects for Senate crypto market bill

White House reportedly clears ethics hurdle for Senate crypto market bill Bitcoin climbed back above $66,000 after journalist Eleanor Terrett reported on July 20 that the White House had agreed on an ethics package for the Digital Asset Market Clarity Act and sent the language to some Senate Republicans, easing the main obstacle to a floor vote before the August recess. The text is still not public, and the bill still needs enough Democratic support to clear the Senate’s 60-vote threshold.

Regulation

Ripple secures MiCA authorization for EU and EEA crypto payment services

Ripple wins MiCA authorization for EU and EEA payments Ripple has secured full MiCA authorization for its European corporate payments entity, giving it a compliant route to offer crypto-asset payment services across EU and EEA markets under the bloc’s new framework. The approval is a licensing milestone for Ripple’s business operations, not blanket regulatory clearance for XRP trading, but it could help the company expand with banks, fintechs, and institutional clients in Europe.

ETF & Funds

S&P Dow Jones and Pantera debut revenue-screened digital asset index

S&P Dow Jones and Pantera launch digital asset index excluding Bitcoin S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new benchmark aimed at institutional investors that selects tokens and companies by fundamentals rather than size or momentum. The index starts with 18 constituents, including Hyperliquid, Solana and Aave, and excludes meme coins and Bitcoin; S&P said the basket represents projects with positive protocol revenue and real-world use.