eToro accelerates tokenization with 100 stocks and ETFs soon available 24/7

The eToro trading platform is entering a new era. During a webinar, CEO Yoni Assia officially announced the upcoming launch of 100 tokenized stocks and ETFs, accessible 24/7. This offering is part of the wave of tokenization of real financial assets. The goal is to expand the continuous liquidity already tested with stablecoins on a large scale, thanks to a regulatory framework that is becoming clearer, notably with MiCA in Europe and the GENIUS Act in the United States. The first wave will include giants such as Alphabet, McDonald's, Nvidia, Netflix and Strategy. And this is just the start: eToro also plans to adapt its derivatives (notably via CME Group) for wider access outside traditional trading hours.

Tether launches a stablecoin for US individuals following the passage of the GENIUS Act

A few days after Donald Trump signed the GENIUS Act, Tether announced the launch of a stablecoin for US consumers. This law, which regulates dollar-backed stablecoins, now provides a clear legal framework for issuers. The goal is to offer a fast and compliant digital dollar that can compete with solutions such as PayPal and CashApp, according to CEO Paolo Ardoino. It remains to be seen what infrastructure this future stablecoin will be based on. Tether could opt for Ethereum or Tron, or favor Bitcoin via Taproot Assets, or even Stable, its own optimized blockchain.

Changpeng Zhao's fortune explodes to $71.2bn thanks to BNB

With BNB soaring to a new record high of $860, Changpeng Zhao (CZ) has seen his fortune exceed $70bn. According to Forbes, he holds approximately 94 million tokens, making him the richest crypto personality in the world, just behind the traditional figures in the global rankings. He now ranks 23rd among the world's richest people, far ahead of other big names in crypto such as Giancarlo Devasini ($22.4bn) of Tether and Brian Armstrong ($16.3bn) of Coinbase. Since stepping down from Binance's management, CZ has been quietly developing other projects, such as YZiLabs and Giggle Academy, while maintaining enormous economic clout through his BNB assets.

Galaxy Digital sold 80,000 bitcoins for more than $9.4bn

Galaxy Digital has confirmed that it orchestrated the historic sale of 80,000 BTC, worth $9.4bn, on behalf of a Satoshi-era investor. These bitcoins, which had been dormant since 2011, were recently reactivated, sparking widespread speculation. According to the company, the sale is part of a succession strategy and was spread across various platforms such as Binance and OKX to avoid a market shock. Despite this massive sale representing 0.4% of the total supply, the price of bitcoin remains strong at around $117,800, supported by a resilient market.

Block 2: Cryptic Analysis of the week

The offensive against stablecoins is underway, but it's not coming from regulators. This time, it's traditional US banks that are stepping up to the plate. In a letter to the Office of the Comptroller of the Currency (OCC) — the powerful federal banking regulator — the main banking federations in the United States are calling for a moratorium on granting banking licenses to crypto companies. In the crosshairs: Circle, Ripple, Fidelity Digital Assets... and more broadly, the whole wave of Web3 companies that want to become their own banks.

The strategy of the crypto giants is clear: obtain a "national trust bank" charter from the OCC, which would allow them to operate in all states without a local license, offer payment, settlement, and even asset custody services — with federal regulatory oversight. In other words: a back door into the US banking system... without having to assume all the constraints.

A systemic threat to the banking system?

The signatories—including the American Bankers Association, America's Credit Unions, the Consumer Bankers Association, the Independent Community Bankers of America, and the National Bankers Association—denounce a "fundamental change in public policy." They believe that the business models of crypto companies "do not fall within the historical fiduciary activities of trust banks." In short: digital asset custody is not banking, let alone fiduciary management in the traditional sense.

Granting charters to entities that have no deposits, no loans, and no core fiduciary mission would undermine the very foundations of the US banking system. And that, the banks warn, could set a dangerous precedent: other companies could follow suit—fintechs, Big Tech, etc.—weakening regulation and circumventing capital requirements.

Another major criticism is the lack of transparency in the files submitted by crypto companies. Banks are calling for a public consultation period, arguing that the information published is too vague to allow for rigorous review by the public and regulators.

They are therefore asking the OCC to immediately suspend any decision on the charters requested by crypto companies until they have clarified their intentions, business model, and legal obligations.

Why this clash now? Because the recently passed GENIUS Act has just provided a regulatory framework for stablecoins, but with one limitation: issuers that comply with it can only engage in this activity and must still apply for local licenses in each state.

This is also accompanied by a euphoric stablecoin market. According to the latest data from Google, searches for the keyword "stablecoin" have seen an unprecedented surge, far exceeding the previous peak in May 2022. At the time, the term had sent search engines into a frenzy following the implosion of UST, Terra's algorithmic stablecoin, which triggered one of the biggest crashes in crypto history.

Bitwise, one of the largest digital asset managers in the United States, sums up the current situation on X: "The stablecoin market is on a parabolic trajectory."

Stablecoins are going parabolic. pic.twitter.com/Fwj8b0Hhwg

— Bitwise (@BitwiseInvest) July 28, 2025

 

And figures prove this:

  • $250bn in capitalization, compared to $150bn in the same period last year.
  • A net increase of $100bn in one year, and a market share that now exceeds 6% of the total cryptocurrency market cap.

As a result, several players—such as Circle and Ripple—are seeking to obtain a national charter via the OCC to avoid this regulatory fragmentation and expand their scope of action. The OCC now faces a historic choice. On the one hand, decentralized financial innovation is seeking regulation. On the other, the traditional banking sector is vigorously defending its privileges. Whatever the outcome, this confrontation between banks and stablecoins is symbolic of a changing financial landscape.

cryptocurrency rankings (Click to enlarge)

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