New York, New York, August 1st, 2025, Chainwire Subzero Labs emerges from stealth after raising a $20M initial financing round led by Pantera Capital with participation from Variant, Coinbase Ventures, Hashed, Susquehanna Crypto, Mysten Labs, Fabric Ventures, Mirana Ventures amongst others. Developer-first founders come from Mysten Labs and Diem and have attracted top talent from Meta, Apple, Amazon, Netflix, Google, TikTok, Citadel, VMWare, Solana, EigenLayer, Coinbase, NEAR Protocol and more. Subzero Labs is building Rialo, a radical rethinking of decentralized programmable networks that empowers builders to create and launch internet‑scale decentralized applications, without the constraints of legacy network architecture. Today, Subzero Labs announces its emergence from stealth with a $20 million initial financing round led by Pantera Capital, with participation from other top-tier investors including Variant, Coinbase Ventures, Hashed, Susquehanna Crypto, Mysten Labs, Fabric Ventures, Flowdesk, Mirana Ventures, and more. Founded by Ade Adepoju and Lu Zhang, early engineers at Mysten Labs who contributed to the Sui network, Subzero Labs draws on deep technical expertise from both Web2 and Web3. Prior, Zhang built Diem, Meta’s crypto initiative, and large-scale AI/ML infrastructure at Meta and Google, while Adepoju developed distributed systems at Netflix and advanced microchips at AMD. With years of deep involvement in multiple layer-1 protocols and decentralized applications, Adepoju and Zhang identified a significant gap between the goals of network infrastructure and app developers; a gap they will close by rebuilding decentralized infrastructure from first principles. The Subzero Labs team has attracted top talent from Meta, Apple, Amazon, Netflix, Google, TikTok, Citadel, VMware, Solana, EigenLayer, Polkadot, Coinbase, NEAR Protocol, and other industry-leading organizations. For years, blockchain teams have obsessed over raw transaction speed. But high TPS alone doesn’t make decentralized apps robust or useful. Without a seamless interface to real‑world data and services, even the fastest blockchains produce apps that feel disconnected, high friction, boring to users, and frustrating for builders. Until we fix real‑world integration and free builders from tangled and fragmented infrastructure, decentralized apps will remain clunky, costly, and painfully slow to create. Subzero Labs is building Rialo, a network that gives developers the building blocks to create global-scale decentralized apps, without integrating brittle third-party services. Rialo makes it possible to build decentralized apps with the responsiveness and reactivity of Web2 at a fraction of the complexity by offering native web connectivity, event-driven transactions, built-in privacy, among others while remaining infinitely scalable. Rialo leverages RISC-V architecture and adds Solana VM compatibility, letting teams deploy existing programs out of the box while unlocking a richer feature set. From tokenized assets, to prediction markets, to global trading platforms, to AI agent orchestration, developers can build with familiar tools while delivering apps that outperform their centralized counterparts in both cost and user experience. “Instead of shipping innovative products, too many brilliant teams are burning their runway gluing various pieces of poorly designed infrastructure together,” said Ade Adepoju, Co-Founder of Subzero Labs. “We believe infrastructure should be invisible, fast, intuitive, and scalable. Rialo solves this and unlocks entirely new classes of applications that simply weren’t possible before.” “Rialo is the only full stack network for real world applications – built by leading industry developers for developers,” said Paul Veradittakit, Managing Partner of Pantera Capital. “It’s rare to see such a high concentration of talent to drive this vision. We believe under Ade and Lu’s leadership the Subzero Labs will deliver the infrastructure that finally empowers developers to create decentralized products that are intuitive, useful, and relevant to everyday users.” “What stood out to us was how Rialo makes off-chain interaction feel native — not bolted on,” said Baek Kim, General Partner of Hashed. “With the devnet already demonstrating event-driven execution and native web integrations, we see early signs of a system that can lower the barrier for real-world use cases. Subzero Labs isn’t just optimizing infra — they’re rethinking how developers and external systems actually connect to it,” “We are excited about the opportunity that comes with the growing range of real world assets.” said Bart Smith, Global Head of Digital Asset Strategy at Susquehanna International Group (SIG). Rialo private devnet is now live. Subzero is currently onboarding early development partners. Developers interested in testing Rialo ahead of its public launch can join the waitlist . About Subzero Labs Subzero Labs is rearchitecting decentralized infrastructure to deliver network power without legacy constraints. The company’s flagship network, Rialo, combines real world connectivity and event driven execution, enabling teams to ship production ready applications with the same ease as Web2 development. Founded by veterans of Meta, Apple, Amazon, Netflix, Google, TikTok, Citadel, Mysten Labs, Solana, and other leading protocols, Subzero Labs is transforming decentralized network into full stack product platforms, unlocking real world use cases for developers, enterprises, and consumers. Contact Sarah Cohen sarah@sjc-pr.com
CryptoIntelligence 2025-08-01 19:59
U.S. President Trump told the Federal Reserve board on Friday to remove Chair Jerome Powell if he keeps refusing to lower interest rates. He made the statement directly on Truth Social, calling Powell “a stubborn MORON” and saying the board “should assume control” and “do what everyone knows has to be done.” This came two days after the central bank voted 9-2 to keep rates unchanged, and that 2 is what Trump grabbed onto. The unusually split vote rattled the idea of unity inside the Fed. It was the first time in more than 30 years that two governors publicly dissented from the majority decision. Trump immediately pointed to it as validation, writing, “STRONG DISSENTS ON FED BOARD. IT WILL ONLY GET STRONGER! ‘TOO LATE!’” His anger followed Powell’s post-meeting tone, which signaled no rush to cut rates even as markets and some Fed members expected action by September. Fed governors break ranks over job data, inflation fears Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller were the two who voted against holding rates steady. On Friday, just before new hiring numbers came out, both explained their positions. Michelle said she supported a cut because of early signs that job growth was cooling off. She warned that “economic growth is slowing” and called it “appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting.” According to her, acting early would’ve “hedged against a further weakening in the economy and the risk of damage to the labor market.” Christopher echoed her concerns but emphasized the Fed shouldn’t wait for job losses to pile up before acting. “With underlying inflation near target and the upside risks to inflation limited, we should not wait until the labor market deteriorates before we cut the policy rate,” he said. He described the labor market as “nearing stall speed” and called the Fed’s wait-and-see approach “overly cautious.” He warned that hesitation could make the central bank “fall behind the curve.” That same day, the Labor Department dropped fresh July data that helped their case. Nonfarm payrolls rose by just 73,000 jobs, far less than expected. Job growth in May and June was also revised sharply downward. The unemployment rate ticked up to 4.2%, showing weakness that matched Bowman and Christopher’s warnings. Markets responded fast. U.S. stock indexes fell, and Treasury yields jumped, as traders began to price in rate cuts starting next month. Fed leadership downplays job concerns as Trump eyes control Despite that weak report, not everyone at the Fed is ready to change course. Cleveland Fed President Beth Hammack defended the decision to hold rates steady. Speaking to Bloomberg, she admitted the jobs number was “disappointing,” but said, “I feel confident with the decision that we made earlier this week.” She added, “When I step back and look at where we are, I see a labor market that is largely in balance.” That view puts Beth at odds with Michelle and Christopher. But it also sets the stage for what Trump wants: more division. Ahead of the vote, Christopher had already warned that tariffs weren’t going to drive inflation long-term and pushed hard for cuts. Michelle doubted tariffs would create any lasting inflation either. Meanwhile, the Trump administration moved forward with more tariffs on several major trading partners. The announcement caused global markets to drop. Investors shrugged off the inflation risk, focusing instead on the economic slowdown. Kathy Bostjancic, chief economist at Nationwide, said , “The inflation impact from tariffs in our view will be a one-time adjustment that over time will fade.” She predicted rate cuts starting in September, totaling 75 basis points by year-end. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Cryptopolitan 2025-08-01 19:58
As stablecoins and tokenized assets scale into the trillions, a crypto founder argues that XRP current price is unsustainable for the financial role it’s expected to play. This perspective comes from Versan Aljarrah, co-founder of Black Swan Capitalist. In a tweet , he stressed that the current price of around $3 is incompatible with its anticipated role in powering the next wave of tokenized finance.Specifically, Aljarrah stated that if institutions and market participants will use stablecoins for purchasing Treasury debt, digitizing government expenditures, and settling trillions in tokenized assets, it won't be possible to do so with XRP trading at $3.This statement comes as global finance moves decisively toward on-chain settlement , with stablecoins and tokenized treasuries at the heart of the transformation. Given XRP's role in this space, Aljarrah argues that its price must reflect its utility.XRP Amid Trillions in Tokenized AssetsFor years, Ripple has been positioning XRP as a central asset for real-world asset settlement, cross-border transactions, and institutional finance. Citi and Boston Consulting Group project the tokenization of traditional assets, from Treasuries to real estate, to reach $16 trillion by 2030.At such valuation, the role of bridge assets like XRP becomes increasingly critical. A low unit price, as Aljarrah implies, would limit XRP's scalability and capital efficiency in high-value, institutional-grade settlements.For context, as the XRP Army often notes, XRP’s $174 billion market cap does not provide sufficient liquidity to handle transactions in the trillions. However, if the market cap rose, say, $59 trillion, it might.At that massive scale, the implied unit price would align with $1,000 per XRP. As a result, proponents argue that the coin cannot remain low-priced if it is to play a meaningful role in global payments.This echoes recent arguments from other XRP analysts, including Jake Claver, director of Digital Ascension Group, who predicts XRP could reach $1,500–$2,000 under certain global conditions.Claver points to XRP’s potential role during financial crises, noting that institutions will require a liquid, neutral bridge asset. He argues that as legacy systems come under strain, XRP could emerge as the preferred solution for high-value settlements.Stablecoin Backing and Expanding Treasury MarketsIn May, U.S. Senator Bill Hagerty projected that firms issuing stablecoins could grow to be the largest holders of U.S. Treasuries by 2030. He sees them absorbing over $1 trillion in demand.Meanwhile, Ripple has entered the stablecoin market with RLUSD, a dollar-backed token supported by U.S. Treasuries and cash equivalents. As of now, RLUSD has reached a market cap of $577 million in just eight months since its launch.Earlier reports of Ripple’s $4–$5 billion bid to acquire USDC's issuer Circle, though ultimately unsuccessful, highlight an intent to scale RLUSD into a major player, possibly rivaling USDT.Should Ripple aggressively grow RLUSD, XRP could benefit further, as RLUSD runs on the XRP Ledger and uses XRP for transaction fees.Combined with XRP serving as a bridge between tokenized stablecoins, real-world assets, and global currencies, XRP supporters believe a higher price is necessary to match the scale of liquidity required.Enthusiasts often speculate that even if XRP were to handle just 1% of the multi-trillion-dollar volumes of financial giants like SWIFT, its price would need to rise substantially from the current ~$3 level.Ripple’s acquisition of prime broker Hidden Road, which has connections to a U.S. settlement system handling $11 trillion in daily turnover, further fuels speculation and hope surrounding XRP’s price potential.
The Crypto Basic 2025-08-01 19:55
US President Donald Trump has threatened to slap an additional “penalty” on India due to the country’s involvement in the BRICS economic alliance. Trump took to Truth Social on Wednesday to announce a 25% tariff on Indian goods to balance out a trade deficit with the South Asian nation. He also said India would pay an additional “penalty” due to its relationship with Russia, later adding in a press conference that he plans to add the unspecified levy in part due to the country’s membership in BRICS. “We’re negotiating right now – and it’s also BRICS. They have BRICS, which is basically a group of countries that are anti the United States, and India is a member of that, if you can believe it. It’s an attack on the dollar, and we’re not going to let anybody attack the dollar, so it’s partially BRICS and partially the trade situation, this deficit.” BRICS held its first summit in 2009 and was originally known as BRIC, representing its four founding members: Brazil, Russia, India, and China. The acronym became BRICS after South Africa joined the group in 2010. In 2024, it expanded membership to other nations, including Iran, Egypt, Ethiopia and the United Arab Emirates. Indonesia joined in early 2025. Brazil, the current president of the group, also claims that Saudi Arabia is part of the bloc, but the Middle Eastern country has reportedly eschewed formal membership in the intercontinental economic alliance to avoid antagonizing the US. The bloc also includes 10 “partner countries,” including Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam. Partner countries aren’t full-fledged members but are invited to participate in the BRICS summit and can endorse the alliance’s declarations. Brazil says current BRICS priorities include “facilitating economic transactions between bloc countries, such as the use of local currencies; the development of international payment platforms; cooperation in government procurement; and the promotion of trade facilitation measures, among others.” In 2023, the alliance reportedly began working on creating a common currency backed by gold and potentially additional precious metals and assets to circumvent international reliance on the US dollar, though officials from several of the bloc’s member countries claimed earlier this year that they weren’t pushing for de-dollarization. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trump Threatens India With Additional Tariffs Over BRICS Membership, Claims Economic Alliance Is an ‘Attack on the Dollar’ appeared first on The Daily Hodl .
The Daily Hodl 2025-08-01 19:55
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! TRUMP ORDERS TWO
CoinOtag 2025-08-01 19:54
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum is exhibiting
CoinOtag 2025-08-01 19:53
Polkadot's DOT encountered substantial bearish momentum over the last 24 hours, retreating from $3.76 to $3.56, or more than 5%, according to CoinDesk Research's technical analysis model. The model showed that DOT initially demonstrated resilience, achieving an intraday high of $3.87 on July 31, yet subsequently confronted relentless selling pressure accompanied by pronounced volume surges during pivotal breakdown junctures on August 1. The token now has support in the $3.55-$3.58 range, with resistance at the $3.68 level, according to the model. In recent trading, DOT was 5.3% lower over 24 hours, trading around $3.64. The decline in Polkadot came as the wider crypto market also fell, with the broader market gauge, the CoinDesk 20 index, recently down 3.7% Technical Analysis: Price retreated from $3.76 to $3.56, representing a 5% decline over 24 hours. Intraday peak reached at $3.87 at 16:00 UTC on July 31 before selling pressure intensified. Volume exceeded 24-hour average of 3 million during key breakdown periods. Substantial resistance confirmed at $3.68 level. Fresh support established around $3.55-$3.58 range. Critical support breach occurred at $3.60 during final hour decline. New resistance formed around $3.67 level. Volume spikes exceeded 200,000 units during 13:45-13:46 UTC and 13:54 UTC periods. Negligible trading activity recorded in final three minutes, suggesting market exhaustion. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
CoinDesk 2025-08-01 19:48
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Crypto stocks such
CoinOtag 2025-08-01 19:47
The Ethereum price has plunged 6% in the past 24 hours, dropping to $3,625 after President Donald Trump announced sweeping new tariffs , including a 35% duty on Canadian imports. The move rattled global markets and disrupted recent crypto momentum. ETH is now down 1% over the past week but remains up 48% in the last 30 days and 14.5% over the past year. While the tariff news has paused Ethereum’s rally, its medium-term outlook remains strong. Institutional demand continues to rise, with Ethereum ETFs pulling in $5.38 billion in inflows over the past 19 days. This matches their best-ever streak and supports a very bullish long-term Ethereum price prediction . Ethereum Price Prediction: $5.4 Billion in ETF Inflows – Big Institutions Are Buying ETH Fast While the introduction of tariffs has spooked the markets, the past couple of weeks have been very productive for Ethereum, which has seen massive inflows from institutions. Data from the Block shows that ETH ETFs have attracted $5.38 billion in net inflows since July 3 , which has been the major factor in Ethereum’s recent gains. The past week has also been particularly strong for Ethereum ETFs, which in the seven days to July 28 saw $1.6 billion in inflows , compared to $175 million in outflows for Bitcoin. WOWW!!! ETHEREUM SPOT ETFS SAW $5.41B IN NET INFLOWS IN JULY ALONE. EXCEEDING THE $4.21B TOTAL FROM ALL PREVIOUS MONTHS COMBINED SINCE LAUNCH. pic.twitter.com/njh6dqG56s — Crypto Rover (@rovercrc) July 30, 2025 While inflows have slowed down today amid the market’s correction, it’s clear that institutions have finally discovered Ethereum, which had been in an underpriced position for much of this year. However, yesterday witnessed a very modest inflow total for ETH ETFs, at around $20 million, so it seems as though there may be a slowdown over the next few days. As shown in the chart, Ethereum appears to be entering a healthy consolidation phase after its recent rally, with technical indicators suggesting a short-term correction may still be in play. The RSI has cooled to around 45.64 , down from its overbought peak near 80 in mid-July, indicating that bullish momentum has faded but not reversed entirely. A dip toward the 40 level could mark a local bottom before renewed buying interest kicks in. Meanwhile, the MACD histogram is also weakening, reflecting a slowdown in upward momentum and supporting the case for a pullback. Based on the current structure, Ethereum may retest support around the $3,200 to $3,400 zone , which aligns with the rising trendline visible on the chart. If that level holds, Ethereum could rebound and climb toward the $4,000–$4,200 range by the end of August. Looking further out, sustained ETF inflows and macro tailwinds could help ETH push toward $5,000 by year-end, with a possible rally to $6,000 in early 2026 if the uptrend continues. Bitcoin Hyper Presale Pushes to $6.3 Million As Excitement for Layer Two Project Grows As strong as Ethereum is likely to remain for the foreseeable future, traders may want to consider diversifying their portfolios into newer tokens, since these can show more upwards volatility. This is particularly the case with recently launched and presale coins, the latter of which can often rally hard when listing for the first time, especially when their sales have been big. One coin enjoying a big sale right now is Bitcoin Hyper (HYPER), a layer-two network for Bitcoin that has now raised $6.3 million in its ICO. Making use of Solana’s Virtual Machine (SVM) and zero-knowledge rollups, Bitcoin Hyper is aiming to become an ultra-fast sidechain that will help tap into the enormous value of the Bitcoin network. It will offer lower fees and faster confirmation times to Bitcoin holders, who can instantly bridge their BTC to the L2’s network. As an L2, Bitcoin Hyper will develop an ecosystem of DeFi apps and DEXes, so that traders can use their Bitcoin to make even more profits. Its native token, HYPER, will have a max supply of 21 billion, and holders of the coin will be able to stake the token, earning themselves passive income. They can buy it now, as part of its presale, by going to the Bitcoin Hyper website , where it currently costs $0.012475. This price will rise later today, so interested parties should act sooner rather than later. The post Ethereum Price Prediction: $5.4 Billion in ETF Inflows – Big Institutions Are Buying ETH Fast appeared first on Cryptonews .
cryptonews 2025-08-01 19:46
Visa is expanding its support for stablecoin settlement. Global Dollar (USDG) and PayPal USD (PYUSD) will be available on Visa. Visa will activate support for Stellar and Avalanche, and integrate EURC. Leading card payment organization, Visa, is expanding its stablecoin settlement support, according to an announcement. The payment platform will add two USD-backed stablecoins, two blockchains, and the euro-backed EURC. Visa consolidates leadership status In its latest announcement, Visa confirmed it would consolidate its leadership as a payment platform in the stablecoin space by enabling support for two additional dollar-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD). The platform will also activate support for the Stellar and Avalanche blockchains, and integrate Circle’s euro-backed EURC. Notably, Visa aims to leverage the addition of dollar-backed stablecoins to expand its service and bring the transformative power of more trusted stablecoins to its partners. In the meantime, adding Stellar and Avalanche to its network will double the number of blockchains running on its platform. The payment protocol already has Ethereum and Solana… The post Two Dollar-Backed Stablecoins, Two Blockchains, and EURC Make Their Way to Visa’s Payment Network appeared first on Coin Edition .
Coin Edition 2025-08-01 19:45
Shares of Coinbase, Riot Platforms and CleanSpark plunged amid a broader market sell-off driven by weak jobs data, inflation concerns and renewed tariff threats.
CoinTelegraph 2025-08-01 19:43
Hong Kong's rules for stablecoin issuers took effect on Friday as the government pursues its ambitions for the crypto sector. The special administrative region of China has taken steps in recent years to strengthen its position in the industry en route to realising its goal of becoming a hub for crypto and Web3 in Southeast Asia. It established a regulatory framework for crypto exchanges more than two years ago, and started consulting on stablecoin rules in 2023 . The law governing stablecoins, which are cryptocurrencies whose value is pegged to a real-world asset such as the dollar, passed in May . Applications for licenses can be submitted from now for the next three months, according to Hong Monetary Authority (HKMA) guidance published on Tuesday . Firms that have submitted an application will be allowed to continue while their request is being considered until Jan. 31. While some 40 companies were reportedly waiting to apply for a stablecoin license last month, many are unlikely to be successful. The market has become " overly excited ," HKMA CEO Eddie Yue wrote last month. The regulator is likely to approve fewer than 10.
CoinDesk 2025-08-01 19:36
Fed leadership downplays job concerns as Trump eyes control
