PDAXScope: ETH climbs, Visa adds stables, PH gov’t taps Web3

Ether Eyes Biggest Monthly Gain Since 2022 as ETFs, Corporate Treasuries Drive Rally (CoinDesk)

Ethereum gained over 50% in July – its biggest monthly jump since 2022 – driven by strong demand from spot ETFs and corporate treasuries, as reported by CoinDesk. Over $10 billion in ETH was reportedly accumulated by funds and companies, pushing prices close to $3,940 before easing to around $3,800.

Visa Adds More Stablecoin Features, Unveiling Avalanche, Stellar Support (Decrypt)

Visa has expanded its crypto settlement platform to include three more stablecoins – PayPal USD (PYUSD), Paxos’ USDG, and Circle’s euro-backed EURC – across four major blockchains: Ethereum, Solana, Stellar, and Avalanche, as reported by Decrypt. The move makes it faster and more efficient for businesses to send and receive digital-dollar and euro payments using stablecoins, further bridging the gap between crypto and everyday payments.

Select Philippine Budget Documents Now on the Blockchain (BitPinas)

The Philippine Department of Budget and Management (DBM) officially launched Project Marissa, a blockchain-based system designed to secure critical budget documents – like spending approvals and cash allocation notices – against tampering, as reported by BitPinas. The platform is already in prototype on a hybrid public-private blockchain and aims to make government budgeting more transparent and efficient.

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