Track market-moving stories before they get noisy

Bitcoin, $82.320 seviyesini aşamamasının ardından yeniden geri çekildi. BTC, gece yarısından bu yana %0,42 düşerek 78.800 dolar civarına gerilerken son 24 saatteki kaybı %0,75 oldu.

Ancak piyasanın tamamı Bitcoin’i takip etmiyor. BNB %2 yükselirken PancakeSwap ve Syrup da değer kazandı. Aerodrome Finance ise yaklaşık %18’lik yükselişle günün en dikkat çekici altcoinlerinden biri oldu. Peki Bitcoin düşerken bazı tokenler neden yükseliyor?

BNB ve DeFi Tokenleri Neden Ayrışıyor? Piyasadaki yükselişin merkezinde BNB Chain bağlantılı tokenler bulunuyor. BNB, 754 dolara çıkarken PancakeSwap (CAKE) son 24 saatte %7,5, Syrup (SYRUP) ise yaklaşık %4,9 yükseldi.

CoinDesk 100’deki tokenlerin 42’si düşüşte olmasına rağmen BNB ve bağlantılı varlıkların pozitif kalması, sermayenin piyasanın belirli bölümlerine yöneldiğini gösteriyor.

DeFi tarafında ise daha sert hareket Aerodrome Finance’ta görüldü.

AERO Yükselişinin Arkasında Ne Var? Aerodrome Finance’in AERO tokeni son 24 saatte yaklaşık %18 yükselerek 64 sente ulaştı ve CoinDesk 100’ün en güçlü yükselen tokeni oldu.

Fiyat hareketine vadeli işlemler de eşlik etti. AERO’nun açık pozisyonları 129 milyon token ile rekor seviyeye çıktı.

Açık pozisyon, yatırımcıların vadeli piyasalarda hâlâ açık tuttuğu toplam pozisyonları gösteriyor. AERO’nun yükselen fiyatıyla birlikte bu verinin de artması, yeni pozisyonların harekete eşlik ettiğine işaret ediyor.

Üstelik AERO’nun CVD göstergesi de pozitif. Bu veri, alıcıların piyasa fiyatından daha agresif işlemler gerçekleştirdiğini gösteriyor.

Bitcoin Gerilerken Hangi Coinler Yükseliyor? AERO dışında Injective’in INJ tokeni de yaklaşık %10 yükseldi. INJ’nin yükselişi, son dönemde satışların yoğunlaştığı 6 dolar seviyesinin üzerine çıkmasıyla birlikte geldi.

VeChain’in VET tokeni de yaklaşık %8 değer kazanarak güçlü performans gösterdi. Böylece Bitcoin ve büyük kripto paralar baskı altındayken bazı DeFi ve blockchain tokenlerinde yükseliş devam etti.

Ancak piyasanın tamamı aynı yönde hareket etmiyor.

Raydium (RAY) gece yarısından bu yana %5,5 gerilerken Kaspa (KAS) %4,7 düştü. Bittensor (TAO) son 24 saatte %3,7 değer kaybetti. Jupiter (JUP) ise pazartesi günkü %9’luk düşüşün ardından %3,8 daha geriledi.

Türev Piyasası Bitcoin İçin Ne Söylüyor? Bitcoin tarafında satış baskısı sürerken vadeli işlemlerde toplam açık pozisyon yaklaşık 141 milyar dolar seviyesinde kaldı. Buna karşılık işlem hacmi %5 artarak 149,85 milyar dolara çıktı.

Bitcoin’in fiyatı yaklaşık 80.000 dolardan 78.700 dolara gerilerken bazı büyük vadeli işlem sözleşmelerindeki açık pozisyonların 257.000 BTC’den 265.000 BTC’ye yükselmesi de dikkat çekiyor. Bu hareket, bazı traderların düşüş beklentisiyle short pozisyon açmış olabileceğine işaret ediyor.

Buna karşın opsiyon piyasasında tamamen karamsar bir görünüm yok. Deribit’te haftalık vadeli işlemlerde call opsiyonların öne çıkması, kısa vadede yükseliş beklentisinin tamamen kaybolmadığını gösteriyor.

Bitcoin Düşerken Piyasa Nereye Yöneliyor? Bitcoin’in geri çekilmesi piyasadaki tüm sermayeyi aynı anda dışarı itmiyor. BNB Chain, DeFi ve bazı memecoinlerde görülen yükselişler, yatırımcıların belirli alanlarda risk almaya devam ettiğini gösteriyor.

Bitcoin tarafındaki yön ise yükselen petrol fiyatları, Fed’in faiz artırabileceğine ilişkin beklentiler ve yüksek tahvil getirileri nedeniyle baskı altında kalıyor.

Bu nedenle önümüzdeki hareketi anlamak için yalnızca Bitcoin’in fiyatına bakmak yeterli olmayabilir. Bitcoin zayıf kalırken AERO, BNB ve diğer ayrışan tokenlerdeki alımın devam edip etmeyeceği, piyasanın risk iştahı hakkında daha önemli bir sinyal verebilir.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Jupiter Mobile now includes Gacha, bringing digital pack rips and physical graded trading card collecting into the same app used for swaps and lending on Solana.

Jupiter has integrated its Gacha trading card product natively into Jupiter Mobile, letting users rip digital packs and collect real graded cards without leaving the app. The update, announced today, rolls the rip-and-collect experience into the same interface millions already use for swaps, perpetuals, and lending on Solana.

Gacha is built around physical graded trading cards from franchises like Pokémon and One Piece. Users open packs digitally, and each pull is powered by verifiable on-chain randomness, meaning anyone can independently confirm the result wasn't manipulated. If a user pulls a card they want to keep in hand, the physical copy ships directly to them. If not, every pull comes with an instant buyback option, so users can sell the card back on the spot rather than sit on something they don't want.

Until now, Gacha existed as a separate experience. The native integration folds pack ripping, card management, and buybacks into Jupiter Mobile alongside everything else the app already offers. That matters because the app has scale. Jupiter Mobile has crossed 1.68 million downloads on iOS and Android, with 240,000 users active in the past 30 days. Over that same window, the app handled $575 million in volume and pulled in $770,000 in fees.

Thomas Stoffels, Head of Product at Jupiter Mobile, framed the move as a usability play. "It turns the app into a one-stop hub for all your collectibles, at your fingertips, any time," he said. "No more bouncing between apps or browser tabs, just 1 click away from your favourite collectible."

The addition marks another step in Jupiter's steady expansion beyond its original identity as a swap aggregator. The platform has layered on perpetuals, lending, and other financial products over time, each built on-chain and accessible through the same interfaces. Gacha is notable because it pushes that logic outside of pure finance and into consumer collecting, anchored by tangible physical assets rather than tokens or points.

For Jupiter, the strategy is to consolidate more activity into a single mobile experience. Rather than asking users to hop between separate apps or browser-based tools, the company is pulling its growing product lineup under one roof. Whether that's trading, borrowing, or now ripping a pack of Pokémon cards, the bet is that a unified entry point keeps users engaged longer and lowers the friction that still keeps many people away from on-chain products.

The Gacha integration is now live on Jupiter Mobile across both iOS and Android.

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BSCN

BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.

Jupiter [JUP] is up by more than 12% in the past 24 hours, with its weekly gains exceeding 15%. The daily trading volume jumped by 109%, to more than $80 million, fueled by discussions around the Solana ecosystem.

Apart from the capital inflow as seen in the technical outlook, fundamentals like buybacks and chain activity were pushing JUP higher. Here is how:

Why is Jupiter in an uptrend? Jupiter Strategic Reserve was reducing circulating supply in the market while creating demand through a buyback program.

For instance, they added 143,572 JUP in the past 24 hours, bringing this month’s total to 1.013 million tokens. The total accumulation in the Litterbox Trust now stands at 165.637 million tokens.

Discussions around fees have skyrocketed in the past few days. The Solana ecosystem came into the spotlight as founder Anatoly Yakovenko criticized Robinhood for preying on users, collecting fees in the frontend and backend.

Anatoly said Robinhood’s 10% share of Arbitrum One [ARB] was over four times bigger than fees on Solana. As a result, these discussions have sparked network strength across the Solana ecosystem, with Raydium [RAY] also gaining by double digits.

Despite Solana’s low fees, it stood at position five among top chains, indicating network activity was high.

Source: DefiLlama In fact, Jupiter controlled 10%, third among all DEX aggregators over the past 90 days, as per Token Terminal. The DEX’s sum during this period was $487.2K, six times less than that of Cow Protocol at $3.1 million.

Buyers push JUP to break past the rising trend channel The price action of JUP is attempting to break past the rising trend channel, which has been in place since the 21st of August. The pattern suggests either a bullish continuation is coming or a short-term reversal.

Adding the net volume, which shows 1.81 million JUP were bought at press time, and the Stochastic RSI at 73, the altcoin may surge higher. But the price must stay above the ascending resistance at around $0.25.

Source: JUP/USDT on TradingView If bears reject the price around the channel’s resistance, JUP may fall to $0.23 or to the demand zone at $0.21.

Even so, traders should be aware that bulls are still in momentum. This is evident as the Stochastic RSI has touched the overbought zone thrice this month while the Net Volume has been, on average, positive.

Final Summary Jupiter rallied by over 12% in the past 24 hours, fueled by buybacks and discussions around the Solana ecosystem. JUP price was trading inside a rising trend channel as bulls attempted to breach the $0.25 resistance zone. 

Robinhood Chain, BNB Chain, and Solana handled most tokenized stock trading last week, Grayscale said in a research note published Thursday. Weekly spot volume for the sector peaked near $3 billion in early August.

Those numbers show tokenized equities have found buyers. Almost none of that money, however, does anything else on-chain once a trade settles.

Grayscale Names Robinhood Chain, BNB and Solana as Tokenized Stock WinnersTokenized Stock Trading Runs Ahead of Onchain UtilityTokenized stocks are blockchain tokens that track a listed share price without handing the buyer the share itself. Trading them is easy. Doing anything else with them is not.

About 5% of the tokenized equity market is put to work in on-chain finance, according to the note. Grayscale research head Zach Pandl tied that to what investors actually want, which is round the clock trading and access from anywhere.

Value locked in tokenized stocks passed $110 million in late August, Grayscale said in a post citing on-chain data from Allium. That sits far below the billions changing hands every week.

Lending is starting to catch up. Holdings inside Kamino and Jupiter, two Solana lending protocols, have grown roughly tenfold in a year.

BeInCrypto reported in July that Robinhood leads tokenized stock platforms by holder count, while meme coins rather than equities drive most traffic on Robinhood Chain, the network the brokerage launched on Arbitrum earlier this year. Grayscale’s data points the same way.

Regulation Decides What Comes NextUS regulators have discussed an innovation exemption, a carve out that would let tokenized securities trade under safeguards such as verified participants and compliance ready token standards.

Securities and Exchange Commission (SEC) officials have separately argued that tokenization makes shares easier to pledge as collateral. An SEC advisory committee also backed settling stock and payment in a single transaction, which removes the risk that one side fails to deliver.

Robinhood CEO Vlad Tenev has pressed a similar case about the US tokenized stock gap. Meanwhile, the wider tokenized asset ownership problem still leaves holders with exposure rather than shares.

The gap matters because collateral use is what would pull institutional balance sheets onchain.

The named chains drew mixed price action on Friday. Solana (SOL) traded near $101.76, down 3.2% on the day, while BNB held around $718.84.

Solana (SOL) and BNB Price Performances. Source: TradingViewVolume alone will not turn tokenized stocks into collateral. Rulemaking will, and US regulators have not finished the job.

According to official announcements, Solana ecosystem trading aggregator Jupiter has launched its cross-chain deposit feature, Universal Deposit. Users no longer need bridging tools to send tokens from any supported chain to Jupiter, and will receive USDC directly in their Solana wallets. The feature automatically integrates routing, cross-chain bridging, and swap workflows, eliminating the need for users to switch networks or execute additional transactions. Currently, Universal Deposit supports asset deposits from networks including Ethereum, Base, Arbitrum, and Sui, with users able to complete operations using their existing wallets. The service applies a unified fixed rate, charging $0.30 per transaction regardless of the transfer amount—whether it is $100 or $10 million. Jupiter noted that the feature is designed to deliver a more convenient cross-chain asset transfer experience.

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The number of onchain tokenized equity holders just hit 1.9 million. Jupiter, the dominant decentralized exchange aggregator on Solana, has been the primary engine behind that growth, routing a massive share of the volume that’s pulling retail investors into a new flavor of stock trading: permissionless, 24/7, and settled on a blockchain.

To put the trajectory in perspective, tokenized equity holders sat at roughly 670,000 in late July 2026. By early August, that number had climbed to nearly 967,000, a 92% jump in 30 days. Now it’s 1.9 million. The month-over-month growth rate clocks in at 73% based on recent data.

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Why off-hours trading is the quiet killer feature Roughly 68% of tokenized asset volume on the platform occurs on weekends and outside traditional market hours. Off-hours trading represents more than 65% of total exchange volume, a stat that suggests the appeal isn’t just novelty. It’s utility.

Jupiter’s tokenized asset volume is up 300% year-to-date.

The Securitize-Jump-Jupiter pipeline The catalyst for this wave traces back to May 5, 2026, when Securitize, Jump Trading, and Jupiter announced a partnership to bring tokenized equities to Solana. Securitize handles the compliance and issuance infrastructure. Jump provides the market-making muscle. Jupiter routes the trades.

Since that launch, the ecosystem has expanded quickly. In June 2026, leveraged Series Tokens from Shift RWA were integrated into Jupiter, giving traders access to amplified exposure on tokenized stocks. Jupiter Lend, a lending product that lets users post tokenized assets as collateral, surpassed $20 million in deposits by mid-July 2026.

Solana’s grip on tokenized equities Solana has captured approximately 85% of all trading volume related to tokenized equities. Inflows into real-world assets on Solana totaled nearly $700 million over a recent 30-day span.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Jupiter, the largest decentralized exchange aggregator on Solana, posted $822,000 in daily protocol revenue on August 30, its best single-day performance in nearly seven months. The number marks a meaningful departure from recent daily averages hovering around $534K, and it lands during a week where the entire Solana dApp ecosystem was already flexing.

Solana-based decentralized applications collectively generated $35 million in weekly revenue for the period ending August 24, a 29-week high. Jupiter, which routes roughly 63% of organic DEX aggregator volume on Solana, is clearly riding that wave rather than fighting against it.

What’s driving the revenue spike Jupiter started life as a straightforward liquidity aggregator, the kind of protocol that finds traders the best swap price across multiple decentralized exchanges. But the platform has since expanded well beyond that original mandate.

The addition of perpetual futures trading through Jup Perps and lending services has diversified Jupiter’s revenue base considerably. Perps trading in particular tends to generate outsized fees during periods of market volatility, which partly explains why a single day can swing from $534K to $822K without much warning.

That diversification matters because Jupiter’s core aggregation business faces growing pressure. Competitors like OKX’s DEX aggregator and DFlow have chipped away at market share, even if Jupiter still commands a dominant position.

Tokenomics and the buyback machine For JUP token holders, revenue isn’t just an abstract protocol health metric. Jupiter allocates approximately 50% of its protocol revenue to buying back and burning JUP tokens through a mechanism called the Litterbox Trust. At $822K in daily revenue, that translates to roughly $411K worth of buying pressure on JUP in a single day.

Whether this mechanism moves the needle on token price depends heavily on consistency. A single standout day is nice. Sustained daily revenues above the recent $534K average would be far more meaningful for long-term value accrual. The seven-month gap since the last time Jupiter hit this revenue level suggests the protocol is still working through the hangover from 2025’s peak activity, when monthly revenue figures regularly reached into the millions and annual gross revenue exceeded $500 million.

By comparison, 2026 gross revenue through August sits in the low-to-mid millions. The $822K day is notable precisely because it suggests the floor may be rising again after that correction.

Context within the Solana recovery Jupiter’s fortunes are inextricable from Solana’s. The network processed over $1 trillion in cumulative volume through Jupiter alone during 2025, making the aggregator one of the most important pieces of infrastructure in the ecosystem.

For Jupiter specifically, the competitive landscape bears watching. The protocol’s 63% share of organic aggregator volume gives it a substantial moat, but that moat is built on execution quality and routing efficiency rather than network effects that lock users in.

DFlow’s solver-based approach and OKX’s integration of its centralized exchange liquidity into on-chain routing both represent genuine threats to Jupiter’s dominance. The aggregator market on Solana is far more competitive today than it was a year ago.

The more interesting question is whether Jupiter’s expansion into perps and lending can offset any potential erosion in its core aggregation business. Perpetual futures trading on decentralized platforms has proven to be one of DeFi’s stickiest revenue generators, with protocols like Hyperliquid demonstrating that on-chain perps can sustain meaningful volume over extended periods.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Jupiter’s Degen Markets just crossed a line that crypto-native traders have been waiting for: stocks. The platform, which has built a following around ultra-short crypto prediction markets, is now offering binary contracts on tokenized equities, starting with $SPCX, the tokenized representation of SpaceX shares.

How the new stock markets work The $SPCX trading feature launched on August 26 through Jupiter Predict’s Degen Markets, which now includes a dedicated Stocks tab alongside its existing crypto offerings. Users can place Up/Down binary contracts in 5-minute and 15-minute intervals during standard US stock market hours.

Binary contracts are about as simple as trading gets. You pick a direction, you pick a timeframe, and you either win or lose based on whether the final price lands above or below a reference price at the time of entry.

The underlying asset, $SPCX, comes from Backpack Securities, which has been carving out a niche in the tokenized equities space. Settlement leans on Chainlink price feeds for the reference data, while Jupiter Forecast’s automated market maker handles routing and execution. The platform’s documentation notes that these binary markets settle with no trading fees.

From crypto bets to equity predictions Until now, Degen Markets has been a crypto-only playground. The platform supported short-duration prediction contracts on Bitcoin, Solana, Ethereum, and XRP.

Jupiter Forecast, the underlying infrastructure powering these markets, launched in beta in June 2026. Jupiter integrated with Kalshi in October 2025 and Polymarket in February 2026, building out the prediction market toolkit before rolling its own product.

Jupiter Forecast differentiates itself from earlier prediction market designs by using competitive AMM structures rather than relying on a single liquidity pool, enabling better price discovery and tighter spreads for traders.

Why tokenized stock predictions matter Degen Markets is taking a different approach by not trying to replicate stock ownership. Instead, it offers pure price speculation through binary contracts. Users aren’t buying or holding equity — they’re making time-limited predictions on price direction.

The no-fee structure on these binary markets sets up an interesting competitive dynamic. Traditional platforms offering similar short-duration options or binary contracts, regulated entities like Kalshi among them, typically charge fees per contract.

For existing Jupiter users, the Stocks tab transforms Degen Markets from a crypto speculation tool into something closer to a unified short-term trading terminal. The ability to toggle between 5-minute Bitcoin predictions and 15-minute SpaceX bets on the same interface, settled on the same chain, with the same wallet, is a UX advantage that fragmented competitors can’t easily match.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Sanctum, a liquid staking infrastructure protocol, has climbed past Jupiter Exchange to claim the top spot among Solana protocols ranked by total value locked. The shift marks a notable change in how capital is being deployed across the Solana ecosystem, with investors increasingly gravitating toward yield-bearing staking products over decentralized exchange aggregation.

By the end of Q2 2026, Sanctum hit an all-time high of 16.64 million SOL in protocol TVL, an 8.2% jump from 15.44 million SOL the prior quarter. At current SOL prices, that translates to roughly $1.28 billion. And by late August, Sanctum’s Validator LSTs had climbed further to approximately $1.66 billion.

The numbers behind the flip Jupiter held a TVL of around $1.34 billion in June 2026. Sanctum now captures about 2.72% of all circulating SOL, up from 2.02% a year ago.

The protocol’s core innovation is its Infinity pool, a mechanism that provides shared liquidity across a sprawling landscape of liquid staking tokens. Sanctum has powered the creation of somewhere between 200 and over 1,000 LSTs for various partners. Instead of each LST operating in its own isolated pool with limited swap depth, Sanctum’s architecture lets them share liquidity.

Growth story meets revenue pressure While Sanctum’s TVL has been climbing, its revenue moved in the opposite direction during Q2 2026. The protocol pulled in $880K in revenue for the quarter, down 39.7% from the prior period.

On the product side, Sanctum launched a mobile app in July 2026 that attracted over 9,000 users in its early days.

What liquid staking’s rise means for Solana In earlier cycles, DEX aggregators like Jupiter sat at the center of the value chain because trading activity was the primary use case. Jupiter built an enormous moat around that function and still operates one of the most important pieces of Solana’s DeFi stack.

Liquid staking captures capital that might otherwise sit idle in native staking or in wallets doing nothing, offering the ability to earn staking rewards while maintaining liquidity. Across the broader crypto landscape, liquid staking has been one of the fastest-growing DeFi categories. Ethereum’s liquid staking ecosystem exploded after the Shapella upgrade made withdrawals possible, and a similar dynamic appears to be playing out on Solana with Sanctum at the center.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Pump.fun’s [PUMP] rally gained support as Jupiter accumulated 1.6 billion tokens, worth $5 million, while its rising revenue strengthened protocol-funded buyback demand. 

Reportedly, the protocol’s initial $1 million capital originated from Backpack before the accumulation continued across the period.

The wallet eventually held around 0.242% of PUMP’s total supply and was the 35th largest PUMP holder. 

Thus, Jupiter’s consistent buying activity added large-holder demand, rather than any one isolated transaction.

Its accumulation also preceded the rapid increase in PUMP price while coinciding with the recovery framework as a whole. The wallet held firm, as PUMP continued to make higher resistance attempts.

This progressive accumulation reduced the amount of tokens that were immediately available for selling as Jupiter kept its buying orders outside the selling channel. 

More importantly, protocol-funded purchases added another demand source alongside Jupiter’s growing position.

Revenue growth strengthens PUMP’s buyback engine Pump.fun’s financial performance added a fundamental layer behind the most recent price expansion. Across the protocol, the revenue generated from the platform amounted to around $1.16 million in 24 hours.

Additionally, the seven-day revenue growth was about 15% faster than its 30-day revenue growth. This stronger revenue was important since the Pump.fun  Protocol spent 50% of its net revenue purchasing and burning PUMP tokens.

The buybacks amounted to more than $430 million while more than 16% of total supply was burned. 

The mechanism worked, leading to repeated buying and selling as revenues grew, without necessarily pushing the market heavily into speculation.

Jupiter’s accumulation was thus complementary to another protocol mechanism that was vying for PUMP supply. 

Sustained revenue strength would expand buyback capacity and help bolster scarcity during periods of sustained demand.

Source: X Spot outflows tightened exchange-side supply further Exchange flows added another supportive component as PUMP’s rally developed. On August 21, PUMP had a negative spot netflow of ~$633.73K, reflecting the larger outflow trend.

A negative Netflow signified tokens leaving exchanges rather than entering them over the period of time. Hence, there were fewer tokens immediately available to the market for selling.

The flow structure worked well with Jupiter’s accumulation, and both were negative on the supply side as buybacks were a positive on the demand side. 

Importantly, outflows were not a measure of outright buying pressure, but rather a measure of the availability of exchange-side buyers.

Combined with permanent burns, reduced exchange balances could amplify price reactions when demand remain elevated. 

An increase of positive Netflows, however, would temper that supply backdrop as more PUMP would flow back toward potential trading activity.

Source: CoinGlass Can $0.003698 survive an overheated breakout? Pump.fun broke through $0.003203 before clearing $0.003698, extending its recovery toward the next major resistance near $0.004500. 

At the time of writing, price traded around $0.003888, placing the former $0.003698 resistance beneath the token’s latest price breakout.

However, the RSI stood at 80.41, well into the overbought territory. These conditions increased the possibility of short-term cooling despite the underlying demand and supply improvements.

Notably, trend strength remained substantial, with the ADX reaching 51.25 as the rally accelerated. 

Additionally, the buyer dominance also remained elevated as +DI signal stood at 41.24, above the the -D at only 5.47.

Therefore, $0.003698 was a key level to watch to see if buyers could maintain the breakout. 

Ultimately, holding that level would keep $0.004500 reachable, while losing it could expose $0.003203 during a broader market reset.

Source: TradingView Final Summary Jupiter’s 1.6 billion PUMP accumulation strengthened demand as protocol buybacks continued reducing supply. PUMP cleared $0.003698, although an overbought RSI increased the risk of short-term cooling.

https://oakresearch.io/en/analyses/fundamentals/jupiter-jup-from-solana-aggregator-to-omnichain-defi-super-app

Solana’s DeFi sector has reportedly retained its total value locked (TVL) more effectively than Ethereum’s, with Jupiter Lend emerging as a key growth driver. According to social media reports, Jupiter Lend is expanding rapidly within the Solana ecosystem, positioning itself to become the largest lending protocol on the network. The reported increase in TVL and activity could indicate a growing preference for Solana’s DeFi offerings over those on Ethereum. This development comes as Solana’s overall DeFi TVL was noted around $5.49 billion in April 2026, with Jupiter Lend playing a significant role in this concentration of liquidity.

Market participants appear to interpret these developments as supportive of a stronger Solana ecosystem, potentially impacting its price positively. However, the source of this information originates from a Tier 3 social media account, which may limit its immediate market influence. Nonetheless, the growth trajectory of Jupiter Lend and the overall retention of TVL in Solana DeFi could suggest ongoing interest and investment in the network’s projects.

Key Takeaways Solana’s DeFi sector appears to have retained TVL more effectively than Ethereum, with Jupiter Lend contributing significantly to this trend. Market pricing suggests that participants view the growth and expansion of Jupiter Lend as supportive of a positive outlook for Solana’s ecosystem. The source’s Tier 3 classification implies limited immediate impact on market movements, despite the potentially positive news. What to Watch Key actors in the Solana ecosystem, including Solana Labs and the Solana Foundation, may drive further developments. Observers should monitor any updates related to Solana’s network performance, particularly concerning the Agave/Firedancer upgrades. Additionally, any institutional moves, such as ETF approvals or rejections, could influence market pricing for Solana. Developments in the broader DeFi landscape, especially those affecting Ethereum, may also impact Solana’s competitive position.

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Term Structure

Contract Odds Δ since publish Volume 24h September 1 2026 0.1% — — View market → September 1 2026 0.3% — — View market → September 1 2026 0.4% — — View market → September 1 2026 0.8% — — View market → September 1 2026 1.2% — — View market → September 1 2026 9.7% — — View market → September 1 2026 76% — — View market → September 1 2026 14.5% — — View market → September 1 2026 1.8% — — View market → September 1 2026 0.5% — — View market → September 1 2026 0.1% — — View market →

Oracle’s Project Jupiter, the company’s colossal AI data center build in New Mexico, is proceeding according to plan. A spokesperson confirmed the project remains “on-schedule” as of July 16, 2026, a notable milestone for what may be the single largest private infrastructure investment in American history.

The campus spans roughly 1,400 acres and carries a price tag of up to $165 billion.

Construction is already well underway Project Jupiter isn’t just a blueprint and a press release. More than 2,700 workers are already on site, and they’ve collectively logged over 2 million working hours. About 700 of those workers are local New Mexico residents, which matters for a state that has historically struggled to attract high-paying tech employment.

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The project is expected to create more than 7,000 construction jobs during the build-out phase. Once operational, the campus will support around 1,500 ongoing positions.

Tax revenue is already flowing. The project has generated close to $80 million in tax receipts by late July 2026, even before the data centers are fully operational.

Oracle has also committed to funding 80% of a $50 million investment in local water infrastructure.

A power strategy pivot to fuel cells One of the more interesting developments in the Project Jupiter saga is Oracle’s decision to shift its power strategy. The company moved away from traditional natural gas turbines in favor of Bloom Energy’s solid oxide fuel-cell technology, with planned capacity of up to 2.45 gigawatts.

The pivot appears to be both pragmatic and strategic. Oracle has reportedly faced regulatory challenges related to a natural gas pipeline that would have been needed under the original power plan. Bloom Energy’s fuel cells sidestep that issue while also aligning with the broader corporate trend toward cleaner energy sourcing for data centers.

The AI infrastructure arms race continues Project Jupiter received its initial approvals in September 2025 and is planned to include four data centers across the campus.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Stablecoin card spending crossed the billion-dollar threshold in July for the first time, reaching $1.03 billion across the industry. That’s a 16% jump from June and a 200% increase compared to the same month last year, with more than 10 million individual purchases driving the milestone.

Jupiter Global, the Solana-based platform that grew out of the popular Jupiter decentralized exchange aggregator, sits at the center of this surge. Its USDC-backed Visa debit card has quickly become one of the most visible bridges between on-chain stablecoin balances and real-world spending.

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What Jupiter built and why it’s working The Jupiter Card launched earlier this year with a straightforward pitch: let people spend their USDC holdings anywhere Visa is accepted, without needing to off-ramp through a traditional bank first. That means access to over 150 million merchants globally, spanning more than 60 countries.

The onboarding incentives were aggressive. A 2% baseline cashback rate, with the potential to hit 4% through referrals, gave early adopters a tangible reason to load up their cards. Those promotional tiers ran through June before transitioning to standard reward levels.

Even after the promo period ended, adoption kept climbing. Jupiter Global reported a 65% month-over-month increase in new card users during July. An earlier data segment showed an even more dramatic 660% spike in sign-ups, suggesting the growth curve has been steep since launch.

The stablecoin mix and Visa’s dominance Visa processes roughly 90% of the transactions flowing through stablecoin-linked cards. On the stablecoin side, USDT accounts for approximately 62.5% of settled stablecoin card volume, with USDC filling in much of the remainder.

Beyond trading: stablecoins as spending money The $1.03 billion in card spending represents a meaningful decoupling of stablecoin usage from speculative activity. Crossing the billion-dollar monthly mark puts the stablecoin card segment on pace for over $12 billion in annualized spending. A year ago, the monthly figure was roughly a third of where it stands now.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Multiple South Korean securities firms have lowered the target prices of Samsung and SK Hynix, with the biggest cut exceeding 30%.

According to South Korea’s JoongAng Ilbo, Kiwoom Securities has also lowered its target stock prices for Samsung Electronics and SK Hynix. Recently, market concerns that the general memory chip industry has reached its peak (peak-out) have intensified, prompting an increasing number of securities firms to cut their target price expectations for South Korea’s two leading stocks: Samsung Electronics and SK Hynix. Per South Korea’s financial investment industry sources on the 11th, Kiwoom Securities the previous day reduced Samsung Electronics’ target price from 390,000 won to 350,000 won, and SK Hynix’s target price from 2.2 million won to 2.1 million won, while maintaining a "buy" rating for both stocks. The report notes that this trend of target price cuts in South Korea’s securities industry has been visible since the end of last month. At that time, amid debates over the semiconductor industry’s peak cycle and SK Hynix’s Q2 earnings release, major brokerages including Mirae Asset Securities, Shinhan Investment Securities, and Samsung Securities had already successively cut the target prices of both stocks by around 30%.

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Kalshi to Enhance Trading Surveillance by Adopting Nasdaq’s Market Surveillance Tools

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According to BIT (Bit.com) market data, Intel (INTC.O) shares fell 1% in pre-market trading. Earlier, the company announced an increase in the size of its stock offering and completed the relevant pricing.

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According to official announcements, KuCoin has obtained ISO 22301:2019 Business Continuity Management System (BCMS) certification, further enhancing its global operational resilience and service continuity capabilities. As an internationally recognized standard for business continuity management, ISO 22301 is designed to help enterprises identify operational risks, improve business continuity mechanisms, and enhance the ability to maintain and recover critical services amid sudden disruptions. This certification, along with ISO/IEC 27001:2022 and SOC 2 Type II, forms the three pillars of KuCoin’s trust framework, covering information security, operational reliability, and business continuity. The three international standards and certifications complement each other, reflecting KuCoin’s long-term commitment to continuously improving its global operations and security systems, ensuring stable operation of critical services, and delivering secure, reliable digital asset services to users worldwide.

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The Jaredfromsubway exploiter is really bad at trading—buying high and selling low again! 4 days ago, he bought back ...

The Jaredfromsubway exploiter is really bad at trading—buying high and selling low again! 4 days ago, he bought back 2,063 $ETH ($3.94M) at $1,912. Today, he sold 2,167 $ETH ($4.05M) at $1,872.

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Jupiter has launched Lend v2 on Solana, allowing both supplied and borrowed assets to earn DEX trading fees while being used in lending positions.

Jupiter launched Lend v2 on Solana on August 10, introducing two opt-in features that let supplied and borrowed assets work as decentralized exchange liquidity while they sit in a lending position.

As per a press release shared with CryptoPotato, Jupiter said Lend v2 is the first lending protocol on Solana where borrowed assets can earn trading fees, and the upgrade adds Smart Collateral and Smart Debt, alongside Lifetime PnL, a record of what each position has earned or cost over its life.

Collateral That Earns Three Ways With Smart Collateral, a user deposits a single supported asset, such as USDC, USDT, SOL, or JupSOL, and the protocol automatically composes it into a correlated liquidity pair. Eligible deposits can earn lending yield, trading fees, and, where applicable, native staking rewards from one position.

Smart Debt extends the model to borrowed assets by letting them also function as DEX liquidity. As traders swap through those pools, the trading fees a debt position generates offset borrowing costs, and the mechanics of borrowing and repaying stay the same.

“There’s been a wall between the two primary ways people earn APY onchain, lending and LPing. Lend v2 brings down that wall by letting users opt-in to letting their liquidity work as both Lending and AMM liquidity at the same time,” said Kash Dhanda, COO of Jupiter.

Both features are entirely optional. Users who prefer traditional lending can keep supplying and borrowing assets without exposure to the DEX.

Lifetime PnL Tracks Every Position Lifetime PnL gives users a complete record of what a position has earned or cost over its lifetime, across lending yield, borrowing costs, and trading fees.

Jupiter runs swaps, perpetuals, and lending on Solana and describes its mission as building the full financial ecosystem on-chain while maximizing capital efficiency across the network.

You may also like: Ethereum Stays on Top of RWA Market as Solana Strengthens Its Position Base Passes Solana in Curated Capital Milestone (Flash News) Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools JupSOL, one of the assets eligible for Smart Collateral, is Jupiter’s liquid staking token and held $396.0 million in total value locked on August 10, according to DefiLlama. The firm’s perpetual futures venue held a further $702.6 million on the same day.

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59 min ago

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Solana lending giant Jupiter now lets the same dollar earn twice. (Live Richer/Unsplash/Modified by CoinDesk)Summary

Jupiter’s Lend v2, introduced Monday, allows deposits and borrowed positions to double as trading liquidity so users can earn both lending interest and a share of swap fees from the same capital.The product introduces optional Smart Collateral and Smart Debt features that automatically pair assets into correlated liquidity pools, boosting yields for depositors and offsetting borrowing costs when traders route swaps through those pools.While borrowers in correlated pools are protected if one stablecoin depegs, collateral providers bear the loss on either asset, a risk Jupiter seeks to limit by confining the design to stablecoin pairs and SOL versus its staked versions.Solana decentralized-lending giant Jupiter rolls out its new Lend version 2 (v2) product on Monday, allowing deposits and borrowed positions to simultaneously act as trading liquidity so the same dollar earns interest as a loan and a share of swap fees.

Jupiter Lend holds about $1.9 billion in deposits, according to DefiLlama data, and generated $1.6 million in fees over the past 30 days, or roughly 1% a year on the capital sitting there before any split with the protocol.

Active loans stand at $822.7 million and have fluctuated between $600 million and $900 million since September, Token Terminal data show. Deposits and loans have both slipped over the past month.

(Token Terminal)The new version of Lend introduces two features, both optional.

Smart Collateral lets a deposit of USDC, USDT, SOL or JupSOL be paired automatically into a correlated liquidity pool. That allows the assets to earn yield on any loans while gaining trading fees and, where applicable, staking rewards from one position. Smart Debt does the same for borrowed assets, so fees generated by a debt position offset the cost of the loan. Users who want ordinary lending can ignore both.

The extra yield exists only if traders actually swap through those pools, which means Jupiter not only runs Solana's largest swap router, the software most wallets and apps use to find the best price across venues, but it also owns pools that need that flow to arrive.

The company told CoinDesk the router does not favor its own vaults and sends swaps wherever the price is best.

The risk of pairing assets falls unevenly, however. Jupiter said margin is valued using primary market oracles, or data providers, so a temporary price wobble on an exchange does not trigger anything, and a position liquidates as normal once its loan-to-value ratio passes the threshold.

A genuine depeg is different. On the debt side the borrower is protected — someone borrowing $100 split between USDC and USDT would see the pool rebalance into whichever asset held its value and still owe $100. On the collateral side there is no such protection, and a supplier carries the loss on both assets if either breaks.

That is why the design is confined to correlated pairs, stablecoins against each other and SOL against its staked versions, rather than volatile assets.

"There's been a wall between the two primary ways people earn APY onchain, lending and LPing," said Kash Dhanda, Jupiter's chief operating officer, referring to lending and supplying liquidity to exchanges.

The design lets Jupiter offer higher deposit rates and cheaper borrowing, he said, and terms improve as the vaults attract more trading. "It is not about just serving existing loans, but providing efficiency to grow the entire market."

Jupiter said it expects a mix of new loans and migrated positions, without giving a target or a cap. A protocol whose loan book has not grown in a year now has a product that pays more, and the next 30 days of active loans will show whether yield was the thing holding it back.

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Jupiter Exchange has spent the better part of two years acting like the only aggregator in Solana’s room. With an estimated 80% market share in stablecoin routing and somewhere north of 90% in broader DEX aggregation, it’s the kind of dominance that makes competitors feel less like rivals and more like rounding errors.

But OKX and dflow are no longer content to be rounding errors. Both platforms have been refining their routing technologies and execution strategies, and while neither has managed to meaningfully dent Jupiter’s overall volume share, the competitive pressure is starting to reshape how Solana’s aggregation layer actually works.

Three routing philosophies, one blockchain Jupiter uses a graph-based routing system. Think of it as mapping every possible path a trade could take across dozens of liquidity pools, then picking the optimal combination. Its recent Ultra V3 upgrade, launched around October 2025, introduced something called the Iris meta-aggregator. In English: Jupiter now aggregates the aggregators, pulling in routes from competitors like OKX and dflow alongside its own.

OKX, meanwhile, deploys what it calls an X Routing engine built on a Directed Acyclic Graph model. The DAG approach structures possible trade paths in a way that avoids circular routing, potentially offering faster computation for complex multi-hop trades.

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Then there’s dflow, which takes the most unconventional approach of the three. Rather than algorithmically searching for the best route, dflow runs an auction mechanism where market makers compete to fill orders.

Jupiter’s dominance by the numbers In Q2 2025, Jupiter processed more than 1.4 billion swaps totaling approximately $80 billion in trading volume. By early-to-mid 2026, Jupiter continued to command over 50% of all DEX trading volume on Solana. And that figure understates its aggregator-specific dominance, since it includes direct DEX volume from platforms like Raydium and Orca that traders access without any aggregator at all.

The 80% stablecoin routing share is particularly telling. Stablecoin swaps are the trades where routing quality matters most because margins are razor-thin. A USDC-to-USDT swap has virtually no directional risk, so the only thing that differentiates platforms is execution quality, measured in basis points of price improvement and gas efficiency.

By incorporating OKX and dflow routes into its own product, Jupiter effectively turns its competitors’ innovations into features on its own platform.

Where challengers see opportunity MEV protection has become a major differentiator. Dflow’s auction model inherently offers some protection here, since trades are filled by competing market makers rather than being exposed to the public mempool where bots lurk.

Jupiter has been expanding beyond simple swap aggregation into perpetual trading, lending, and other DeFi verticals.

Technical benchmarks from January 2026 compared the three platforms across various routing technologies and execution efficiencies. While the specific results didn’t produce a clear upset, they demonstrated that OKX and dflow can match or beat Jupiter on certain trade types and sizes, even if they trail on aggregate volume.

What this means for traders and investors For investors evaluating the Solana DeFi stack, no substantial volume-share shifts have been reported in recent months through mid-2026, suggesting Jupiter’s position is entrenched enough that challengers need a genuine technological breakthrough, not just incremental improvements, to change the dynamics.

OKX, with its massive centralized exchange user base, arguably has a distribution advantage that could bypass Jupiter’s front-end dominance entirely.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Jupiter just shipped what it’s calling a “100% reinvented” trading platform, and for once the marketing language might not be entirely hyperbolic. Spot V2 transforms the leading Solana DEX aggregator from a simple swap router into a full-featured trading terminal, complete with real-time analytics, smart order types, and an execution engine that claims to cut trading costs by a factor of ten.

For a protocol that already handles over 50% of all DEX volume on Solana, that’s less of an upgrade and more of a moat-widening exercise.

What’s actually in the box The centerpiece of Spot V2 is something Jupiter calls Ultra Mode. The pitch: automatic optimizations that make trading roughly 10x cheaper than standard execution. Think of it like a smart router on steroids, one that doesn’t just find the best price across liquidity pools but actively minimizes the total cost of getting your trade done, including gas and slippage.

Speaking of slippage, the platform now offers real-time slippage estimation. Instead of guessing how much you’ll lose between clicking “swap” and the transaction confirming, Spot V2 shows you a live estimate before you commit.

Smart trigger orders are another addition worth noting. These let traders set conditional trades that execute automatically when specific on-chain conditions are met.

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Then there’s organic scoring for tokens. Rather than relying purely on market cap or volume rankings, which are trivially easy to manipulate, Jupiter is introducing a scoring system designed to surface tokens based on more authentic activity signals.

The perpetual contracts side got attention too, with limit orders and one-transaction trading now available. Previously, opening a perp position on Jupiter required multiple transaction confirmations. Collapsing that into a single click removes friction that competitive platforms had already eliminated.

Strategic acquisitions sweeten the deal The Spot V2 launch didn’t happen in isolation. Jupiter simultaneously announced it had acquired majority stakes in two projects: Moonshot and Sonarwatch.

Moonshot is a platform focused on token launches, giving Jupiter a direct pipeline into new token distribution on Solana. Sonarwatch, meanwhile, specializes in portfolio tracking and analytics.

The market seemed to approve. Following the combined announcements, the JUP token climbed approximately 8%.

Context: Jupiter’s grip on Solana DeFi To understand why Spot V2 matters, you need to appreciate just how dominant Jupiter already is. Routing more than half of all decentralized exchange volume on Solana isn’t just market leadership. It’s near-monopoly territory.

What this means for investors For JUP holders, the calculus is relatively straightforward. Jupiter is transitioning from an aggregator, essentially middleware, into a full-stack trading platform.

Spot V2 launched in beta with a phased rollout planned for its features. Building a comprehensive trading terminal is genuinely hard, and Jupiter is attempting to match centralized exchange experience while maintaining the decentralization properties that make DeFi attractive in the first place.

The acquisitions add another dimension of risk and opportunity. Integrating Moonshot and Sonarwatch successfully could create meaningful synergies, giving Jupiter proprietary data advantages and first-mover access to new token launches.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Tokenized equities deposited as collateral in Solana-based lending protocols have reached a new all-time high, crossing the $53 million mark.

The milestone signals a broader shift in how tokenized real-world assets are being used in decentralized finance. Instead of just sitting in wallets as synthetic exposure to stocks and ETFs, these tokens are now being put to work as collateral, letting holders borrow stablecoins like USDC without selling their positions.

Where the deposits are landing Two platforms are eating most of this market. Kamino Finance accounts for over $31 million of the total collateral, making it the dominant player by a wide margin. Jupiter Lend picks up approximately $20 million, rounding out the bulk of the activity.

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The lending mechanism itself works the way you’d expect. Users deposit tokenized versions of stocks or ETFs into these protocols, and in return, they can borrow stablecoins against that collateral.

Chainlink Data Streams provide sub-second pricing to keep the whole system from blowing up. The oracles use price band mechanisms to ensure that collateral valuations stay accurate around the clock, which matters quite a bit when you’re lending against assets that traditionally only trade during market hours.

Solana’s quiet monopoly on tokenized equity trading During Q2 2026, Solana captured roughly 96-97% of global on-chain tokenized equities spot trading volume. Total tokenized asset trading volume on Solana hit $5.8 billion for the quarter.

The broader real-world asset ecosystem on Solana has now surpassed $3.4 billion in total value. Platforms like Backed Finance have helped drive adoption by issuing compliant tokenized stock products, giving institutional and retail users a regulated on-ramp to put traditional equities on-chain.

Why borrowing against your stocks on-chain matters The $53 million figure represents genuine borrower demand for liquidity against equity holdings. Users want to maintain their stock exposure while still accessing capital. Selling would trigger taxable events or force them out of positions they believe in. Borrowing lets them have it both ways.

The risk side deserves attention too. Tokenized equities introduce dependencies that pure crypto collateral doesn’t: corporate actions, stock splits, dividend distributions, and regulatory changes in the underlying securities markets.

There’s also the oracle question. Sub-second pricing from Chainlink is impressive, but tokenized equities create an unusual challenge. Traditional stock markets close on weekends and holidays. If a geopolitical event moves equity prices over a weekend, the gap between Friday’s close and Monday’s open could create liquidation cascades in 24/7 lending markets before accurate prices are even available. The price band mechanisms are designed to handle this, but they haven’t been stress-tested by a genuine black swan event yet.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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According to a report by The Information, Oracle’s $16.5 billion AI super campus Project Jupiter in New Mexico has encountered environmental approval hurdles, forcing adjustments to its power supply plan and adding an estimated billions of dollars in extra costs. The 1,400-acre campus is primarily built to provide computing power for OpenAI, with a designed installed capacity exceeding 2 gigawatts. Oracle originally planned to construct its own natural gas power plant, but related permits have been stalled due to concerns over air pollution and greenhouse gas emissions. In April this year, the company switched to Bloom Energy’s natural gas fuel cells and adjusted its microgrid capacity to 2.45 gigawatts. Analysts estimate this plan will cost around $8 billion, billions more than the natural gas turbine alternative. New Mexico last week again rejected the proposed fuel pipeline route, and the state’s environmental department will hold a public hearing on the air permit on October 19. The local attorney general is also investigating allegations that residents’ names were used without their consent in project support letters. Oracle’s data center project in Wisconsin is also facing additional expenses. Local regulatory rulings may require Oracle, OpenAI, and Vantage Data Centers to bear the full cost of transmission line construction individually; Oracle says another financial guarantee requirement will add roughly $100 million in annual costs.

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AI hot stocks like NVIDIA have seen increased volatility, with their relative volatility standing at 4 times that of the S&P 500 index.

The Kobeissi Letter stated in a post that the three-week volatility of U.S. momentum stocks relative to the S&P 500 index has surged to four times, hitting an all-time high. This ratio has more than quadrupled over the past several weeks. The momentum stock group includes high-growth tech stocks at the center of the AI boom, such as NVIDIA, AMD, Palantir, D-Wave Quantum, and CoreWeave. By comparison, the ratio peaked at around 2 times during the 2020 COVID-19 market crash and roughly 1.8 times during the dot-com bubble burst. The current level is significantly higher than those periods. Meanwhile, the U.S. momentum stock index has dropped 24% since July, marking its largest monthly decline since the 2008 financial crisis. The stocks that previously performed the strongest are quickly losing market favor.

3 minutes ago

Changxin Technology's IPO winning numbers have been released, totaling 7,702,207.

According to an announcement by Changxin Technology, the company’s initial public offering (IPO) and listing on the STAR Market has released its offline preliminary placement results and online lottery results. The offering price is RMB 8.66 per share, with an initial share offering size of approximately 6.688 billion shares. A total of 7,702,207 winning lottery numbers have been issued, and each winning number entitles holders to subscribe for 500 Changxin Technology A-shares.

3 minutes ago

Solana superapp and largest DEX aggregator, Jupiter Exchange, has entered Solana’s expanding tokenized trading card market with the launch of Jupiter Gacha, a platform that lets users open packs containing authenticated, graded Pokémon and One Piece cards represented onchain.

Jupiter introduced Gacha on July 13, allowing users to open packs containing real graded cards backed by physical collectibles. The platform partnered with Collector Crypt, Solana’s largest tokenized trading card marketplace, to power the underlying infrastructure and bring authenticated Pokémon and One Piece cards directly into Jupiter’s interface.

Additionally, a Jupiter Rewards campaign season named “Gacha: Season One” also went live and will run for 28 days from July 13 to August 10. The campaign offers $100,000 worth of free packs. Users can earn free packs by progressing through a battlepass system. The campaign also features a leaderboard that ranks collectors based on total pack spend. The top 100 collectors will receive a share of the season’s prize pool, with the final allocation announced later.

Jupiter Captures Nearly Half of Collector Crypt Pack Volume Early activity showed strong demand for Gacha packs. According to Dune data, Jupiter processed $3.29 million across 31,570 pack openings within 22 hours of launching Collector Crypt packs on its frontend.

Jupiter generated $147,000 in volume during its first hour, while peak hourly activity reached $471,000. The average activity during the initial period stood at around $220,000 and 1,900 packs per hour.

The data showed a significant concentration of spending among high-value collectors. While the $50 pack recorded the highest number of openings with 18,178 purchases, the $2,500 pack generated the most revenue, reaching $850,000 from 340 openings.

Collector Crypt Drives Growth in Tokenized Card Market Jupiter’s Gacha launch arrives during a period of rapid growth for Collector Crypt and tokenized collectibles. In June, onchain gacha spending reached an all-time high of $324.6 million, according to Blockworks data.

Collector Crypt led the sector for the third consecutive month, generating more than $209.5 million in June spending. The figure represented a 107% increase from the previous month and accounted for nearly 65% of the total onchain gacha volume.

The platform’s growth accelerated after the launch of its $2,500 Pokémon packs on June 10. Those packs generated $82.9 million in sales by the end of June and represented 40% of Collector Crypt’s monthly sales.

The higher-priced packs attracted collectors because they included some of the rarest Pokémon cards available through the platform. Lower-priced packs typically feature cards that collectors can find more easily through secondary markets, while premium packs focus on harder-to-source collectibles.

Looking beyond Jupiter's launch, several broader market trends suggest tokenized collectibles continue to gain traction. At the same time, secondary trading card activity continues to climb, with Card Ladder reporting a record $693.1 million in June sales. As long as interest in traditional trading card and sports card markets remains healthy, the momentum behind onchain tokenized collectibles appears well supported by demand in physical markets.

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WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.

According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.

5 hours ago

The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.

According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.

5 hours ago

Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.

Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)

5 hours ago

Mizuho: Circle’s Approval by U.S. National Trust Bank Fails to Alter Its Fundamentals, USDC Still Faces Growth and Competitive Pressures

Japanese investment bank Mizuho stated that Circle’s final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank is a positive development, but it does not address the firm’s core current challenges. Mizuho maintains a "neutral" rating on Circle, warning that the market’s reaction to this positive news may be overly optimistic. The firm notes that since March this year, USDC’s circulating market capitalization has fallen by roughly $70 billion to around $740 billion, a sign of slowing growth momentum that could weigh on Circle’s transaction revenue and reserve earnings. Additionally, Mizuho highlights that Open USD (OUSD), a stablecoin complying with the GENIUS Act and launched by over 140 financial and tech firms including Mastercard, Stripe, and Coinbase, is intensifying market competition. As more consortium-based stablecoins emerge, the stablecoin sector may become more homogeneous, making it increasingly difficult for Circle to retain its competitive advantage.

5 hours ago

Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.

According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.

5 hours ago

Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.

Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.

5 hours ago