The European Central Bank is warning that stablecoins could become more than a competitor to cards and bank transfers. At sufficient scale, they could begin removing the retail deposits that European banks use to fund mortgages, business loans and other credit.
Bitcoin may already be pricing in another failure by Washington to deliver comprehensive crypto legislation, according to Galaxy founder and CEO Michael Novogratz.
Tokenized U.S. Treasury products reached approximately $16 billion on July 16, 2026, accounting for nearly 46% of the $34.8 billion in distributed real-world assets.
FTX will begin its fifth round of creditor distributions on July 31, 2026, releasing approximately $900 million through the collapsed exchange’s bankruptcy recovery process.
XRP is trading near $1.08 on July 17, compressed between the repeatedly defended support area at $1.03–$1.05 and a declining 50-day simple moving average at $1.13.
Ethereum was rejected near $1,930 and subsequently fell through the 0.382 Fibonacci retracement. The decline has returned ETH to the former resistance area that blocked buyers for almost 10 days before the breakout. That makes the current pullback a direct test of the new market structure.
The European Securities and Markets Authority added 14 firms to its central register of authorised crypto-asset service providers in the update published on July 16, bringing the listed total to 294.
ONDO rose from around $0.31 on July 14 to nearly $0.39 on July 16 as the DTCC and SBI announcements accelerated buying. The token had pulled back to approximately $0.36 at the time of writing on July 17, but it remained roughly 16% above its pre-rally level.
Real-world assets, commonly shortened to RWAs, are traditional investments such as Treasury bills, company shares, loans, and property that are represented through blockchain-based tokens.
HYPE fell 7% to $62.15 on July 16, with the daily low of $61.8 testing the 0.382 Fibonacci retracement. The decline pushed price below its short-term rising structure and returned it to the support that separated the July recovery from a deeper retracement.
E*TRADE from Morgan Stanley completed the rollout of spot cryptocurrency trading on July 16, allowing eligible US clients to buy, sell, and hold Bitcoin, Ethereum, and Solana through its website and mobile application.
Ethereum is retesting key Fibonacci level after a breakout attempt, with bullish momentum and whale profitability supporting continuation while overhead moving averages keep nearby reversal risk elevated.



