WEEKLY BRIEF Jul 12–Jul 19, 2026

Headlines
• US CPI cooling: 3.5% YoY (est. 3.8%) and Core 2.6% YoY (est. 2.8%)
• Ostium DEX exploited for $23.8M via off-chain price feed architecture
• JPMorgan, BlackRock, and Goldman to tokenize stocks and treasuries via DTCC
• Visa launches stablecoin service platform for 200M+ merchants
• Morgan Stanley files for Ethereum and Solana ETFs ($MSSE, $MSOL) with 0.14% fees
• Crypto.com secures $400M strategic investment from Citadel Securities
• Hyperliquid perp volume reaches record 16.5% of Binance monthly volume
• Interactive Brokers adds 12 tokens and stablecoin withdrawals via ZeroHash/Paxos
• MicroStrategy raises $466M via ATM; Bitcoin balance remains unchanged
• LayerZero clarifies $2.1M fund movements were internal wallet rebalancing

Weekly ETF Flows
• BTC: +$75.5M net inflows
• ETH: +$105.5M net inflows
• SOL: +$1.0M net inflows
• HYP: -$7.3M net outflows

Exchange Listings
• Binance: $AERO (spot)
• Robinhood: $INJ (spot)
• Upbit: $DRV (spot KRW)
• Bithumb: $DRV (spot)

Regulatory
• UK HMRC adopts 'no gains, no losses' tax treatment for crypto lending and liquidity pools
• Hyperliquid and Trade.xyz met with SEC Crypto Task Force to address regulation
• Injective files transfer agent registration with SEC for onchain securities

Market Flows
• Nous Research raises $75M+ at a $1.5B valuation
• Cyclops raises $20M for stablecoin-based payment settlement
• Pascal prediction market raises $9M to challenge Kalshi and Polymarket
• Tether leads $7M Series A for Pact Labs to push USADT payroll and wages