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.
Southern Fund’s double-leveraged long ETFs tracking SK Hynix and Samsung Electronics both rose 15% at opening.
Southern’s 2x Long SK Hynix (07709.HK) and Southern’s 2x Long Samsung Electronics (07747.HK) both opened 15% higher.
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The South Korean government plans to establish a legal framework for the issuance of Korean won stablecoins, and promote the internationalization of the Korean won.
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Analysis: South Korean chip stocks have fallen beyond their fundamentals; US tech giants' earnings reports may serve as a catalyst for a rebound.
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Institutions: AI industry revenue has reached a critical tipping point, with hundreds of billions of dollars in AI investment starting to generate commercial returns.
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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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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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Jupiter Exchange, Solana’s dominant DEX aggregator, just became a digital trading card shop. Its integration of Collector Crypt’s gacha-style pack openings generated $3.3 million in spending within the first 22 hours, turning what sounds like a niche collectibles play into one of the more eyebrow-raising product launches in recent DeFi memory.
For the uninitiated: gacha is a mechanic borrowed from Japanese capsule toy machines. You pay money, you get a randomized pack of items, and you pray to the probability gods that something rare falls out. Now imagine that, but on-chain, with real tokenized Pokémon and One Piece trading cards, purchased with USDC on a major crypto exchange.
The numbers behind the frenzy The velocity here is what stands out. Within roughly the first 12 hours, users had already ripped through more than $2.8 million in pack purchases and opened over 23,000 packs. By the 17-hour mark, more than 26,300 cards had been opened by over 1,400 individual users.
Revenue generated for Collector Crypt during that initial window exceeded $363,000. That’s not total spend, that’s the platform’s cut.
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Gold packs proved the most popular early on, accounting for 27.6% of spending. God packs weren’t far behind at 25.8%. Grail packs represented 9.9% of the early spend.
Jupiter’s integration captured more than 34% of Collector Crypt’s total market volume during the launch phase.
Collector Crypt’s existing momentum Collector Crypt wasn’t some unknown project hoping Jupiter would save it. In the week prior to Jupiter’s launch, Collector Crypt logged 215,000 pack openings and $2.93 million in fees. Its 30-day revenue stood at $8.59 million.
Collector Crypt’s daily active users hit a record high of 1,953, representing a 48% increase from the platform’s previous peak.
Why a DEX is selling trading cards DEX aggregators face a fundamental challenge: differentiation. When your core product is routing trades to find the best price, and every competitor does roughly the same thing, you need reasons for users to open your app instead of someone else’s.
The model also represents a meaningful bridge between physical collectibles and blockchain infrastructure. These aren’t purely digital assets. Collector Crypt deals in tokenized versions of real, physical trading cards. Users are essentially buying fractional or full ownership of cards that exist in the real world, with the blockchain serving as the verification and trading layer.
What this means for investors The appetite for real-world asset tokenization extends well beyond the usual suspects of Treasury bills and real estate. Trading cards represent a global market worth billions, and the collectors who drive that market are demonstrably willing to engage with blockchain-native purchasing mechanisms.
Collector Crypt’s $8.59 million in 30-day revenue puts it in rarefied air among Solana-native applications.
Gacha mechanics have drawn regulatory scrutiny in gaming markets, particularly in Europe and parts of Asia, where randomized loot box purchases have been compared to gambling. Whether crypto-native gacha products eventually face similar regulatory attention remains an open question.
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.
Jupiter just teamed with Collector Crypt to launch onchain gacha packs to its millions of users.
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Jupiter unveiled Jupiter Gacha today, a beta release that lets users rip digital packs containing real, graded Pokémon and One Piece cards that are vaulted slabs tokenized onchain and instantly tradeable on the leading Solana DEX.
Notably, the launch is powered by a partnership with Collector Crypt, the current heavyweight of the onchain gacha scene.
Introducing Jupiter Gacha
Real graded Pokémon & One Piece cards, fully onchain.
Every pull is an authenticated slab, the same cards you chased as a kid, now tradeable on Jupiter.
You can pull cards worth multiples of what you paid AND earn up to $100,000 rewards while you do… pic.twitter.com/Yyrsif62Fv
— Jupiter (@JupiterExchange) July 13, 2026 What's the Scoop?The mechanics: Every Jupiter Gacha pull yields an authenticated, PSA-style graded slab that can be worth multiples of the pack price, and Jupiter is dangling up to $100k in rewards for early users who participate in the beta and climb the product's leaderboard.The partner: Collector Crypt processed over $209M in gacha spends in June 2026 alone, nearly two-thirds of the category's record $324M month. This deal plugs the vertical's dominant player directly into Solana's largest DEX frontend.The pattern: Jupiter keeps positioning itself as Solana's RWA gateway; Securitize also recently tapped the DEX for its tokenized stocks rollout. Tokenized trading cards are on the cultural side of RWAs, yet onchain gacha activity has doubled since March, so Jupiter is clearly taking this category seriously. Now, we'll have to see if other DEXes get inspired to make similar integrations.Tokenized Trading Card Gachas Blow Past $300M in June on Bankless
June marked a new ATH for onchain gacha spending volume, the category’s fourth record month running.
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Something interesting happened on Solana’s revenue leaderboard. FOMO, a social trading app that barely existed a few weeks ago, flipped both Jupiter and Phantom in 24-hour earnings, according to DefiLlama data. For context, Jupiter is arguably Solana’s most dominant DEX aggregator, and Phantom is the wallet almost every Solana user has installed.
FOMO’s 24-hour revenue has been oscillating between roughly $152K and $225K. Phantom’s equivalent figure ran from around $219K to $235K, while Jupiter’s ranged from approximately $112K to $203K. The windows overlap, which means the flip is not a clean, permanent victory.
What FOMO actually does FOMO blends copy-trading with social engagement, essentially letting users follow other traders and mirror their positions without needing to understand every underlying mechanic.
The app also offers gasless cross-chain swaps, which removes one of the most consistent friction points in DeFi.
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Revenue does not come entirely from Solana activity, either. FOMO earns builder fees from Hyperliquid perpetuals, which diversifies its income base and reduces dependence on any single chain’s activity levels.
The app raised $75 million in a Series B funding round in June 2026.
Why apps keep beating the chain itself In May 2026, Solana applications collectively generated approximately $94 million in revenue, while the chain itself earned around $18.6 million. The apps sitting on top of Solana made roughly five times more money than Solana’s base layer did from the same activity.
FOMO reaching the number seven position among all Solana protocols within a few weeks of launching fits this pattern.
What this means for traders and investors watching the space Jupiter’s core product is aggregation, finding users the best swap route across Solana’s liquidity. Phantom is a wallet, which means it captures fees on swaps routed through its interface. Both are exposed to competition from any product that offers a better or more engaging user experience on top of the same underlying liquidity.
FOMO’s revenue numbers suggest its copy-trading and social feed value proposition is connecting with real users. Revenue in DeFi is hard to fake at scale because it comes directly from user activity, not token emissions or artificially inflated metrics. When a protocol generates $150K to $225K in genuine 24-hour fees, that reflects a meaningful volume of actual transactions.
FOMO’s $75 million Series B gives it significant runway to keep building features and acquiring users alongside a revenue model that already works.
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, has opened its Active Staking Rewards claim window for the second quarter of 2026. The 50 million JUP reward pool is now available to eligible stakers, with claims accepted through October 8.
The Q2 period covers April 1 through June 30, and the claim window opened on July 8 at 2:00 PM. Users who maintained a minimum average stake of 50 JUP during that period can collect their share through the Jupiter Rewards Hub or the platform’s dedicated voting site.
Any rewards left on the table after the October 8 deadline revert to the community treasury.
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How Active Staking Rewards actually work Eligibility isn’t particularly demanding. Stake at least 50 JUP on average during the quarter, participate in DAO votes, and you’re in the running. The program has maintained a consistent 50 million JUP allocation per quarter since at least 2024.
One detail that separates this from a simple airdrop: claimed rewards get compounded directly into existing stakes, automatically boosting voting power within the Jupiter ecosystem. Rather than encouraging users to claim and dump, Jupiter has structured the system so that engaged participants become progressively more influential in governance.
Why Jupiter keeps betting on governance participation By tying rewards specifically to governance participation rather than raw liquidity provision or trading volume, Jupiter is filtering for users who actually care about the protocol’s direction. The 50 JUP minimum stake keeps the barrier low enough that casual users can participate, while the requirement to actually vote on DAO proposals ensures some baseline level of engagement. Community feedback has been largely positive, though some users have raised minor concerns about wallet requirements and the timing of claim windows.
Jupiter’s position as Solana’s leading DEX aggregator gives these governance decisions real weight. The platform routes trades across numerous decentralized exchanges on Solana, meaning the DAO’s choices about fee structures, integration partners, and protocol upgrades have tangible effects on one of the network’s most critical pieces of infrastructure.
What this means for JUP holders and the Solana ecosystem The steady cadence of 50 million JUP distributions every quarter creates a predictable emission schedule. For current JUP stakers, the math is straightforward: participate in governance, claim your rewards, and watch your voting power compound over time.
The reversion of unclaimed tokens to the community treasury means the protocol doesn’t waste emissions on disengaged holders. Tokens that would have gone to passive participants instead flow back into a pool that can fund future initiatives, development, or additional reward cycles.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Morpho, one of DeFi’s heavyweight lending protocols, just planted its flag on Solana. The MORPHO token is now tradable through Jupiter, Solana’s dominant DEX aggregator, after being listed via Sunrise, the cross-chain asset gateway built by Wormhole Labs.
How the listing works Sunrise, which launched in November 2025, is Wormhole Labs’ answer to a persistent DeFi problem: getting tokens from one chain onto another without the usual liquidity fragmentation headaches. The model treats each new asset launch as what amounts to a tier-one listing, coordinating liquidity pushes across Solana DEXs and wallets simultaneously.
In practice, that means MORPHO didn’t just appear on one obscure pool somewhere. Initial MORPHO/USDC liquidity on Raydium has been observed in the range of $50K to $295K, with Jupiter serving as the primary trading interface where users can actually swap the token.
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For Solana users, the practical upside is straightforward: access to a major lending protocol’s governance token without touching Ethereum’s gas fees. For Morpho, it’s distribution. Getting listed on Jupiter puts MORPHO in front of one of DeFi’s most active trading audiences.
Why Morpho matters beyond the token Morpho completed a $175 million funding round in 2026 at a $2 billion valuation. Its total value locked sits at approximately $4.3 billion, putting it in the upper tier of DeFi lending protocols globally.
Morpho’s core value proposition has always been capital efficiency in lending markets, emphasizing peer-to-peer matching of lenders and borrowers to improve on the pooled-liquidity model.
What this means for Solana’s DeFi landscape Jupiter aggregates pricing across Solana’s DEX landscape, so even thin pools get routed efficiently. For protocols like Morpho, it means instant access to Solana’s active user base without building bespoke infrastructure.
Community activity around the listing has been noticeable, with discussions picking up on July 9, 2026 around peer-to-peer lending rates on Solana and what Morpho’s presence could mean for the network’s lending markets longer term.
Investors watching this space should pay attention to two things. First, whether the initial MORPHO/USDC liquidity on Raydium deepens meaningfully in the coming weeks. Second, whether this token listing is a precursor to Morpho deploying its lending protocol natively on Solana, which would represent a far more consequential expansion than token availability alone.
Bridged assets, even through well-designed systems like Sunrise, carry inherent cross-chain risk. Smart contract vulnerabilities in the bridging layer, oracle discrepancies between chains, and liquidity fragmentation across ecosystems are all factors that sophisticated traders will price in.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin (BTC) is extending its losses on Thursday for the third consecutive day amid renewed tensions between the US and Iran. Risk-off market sentiment intensifies, with Jupiter (JUP) and Pi Network (PI) emerging as the biggest losers over the last 24 hours.
CoinMarketCap's Crypto Fear and Greed Index is at 26 on Thursday, down from 29 on Monday, indicating a clear increase in risk-off sentiment.
Fear and Greed Index. Source: CoinMarketCapBitcoin vulnerable to steeper declineBitcoin shows a steady decline so far this week, reversing before testing the $65,000 threshold. A clear lower-high formation on the daily chart reaffirms the near-term bearish tone, while BTC remains well below the 50-day Exponential Moving Average (EMA) at $65,412 and the 200-day EMA at $75,821.
The Moving Average Convergence Divergence (MACD) approaches its signal line, raising the risk of a bearish crossover, while the Relative Strength Index (RSI) at 44 dips below the midline, suggesting that buying pressure remains subdued.
Looking down, the horizontal support around $60,000 emerges as the zone where dip-buying interest could attempt to slow the decline.
BTC/USDT daily price chart.Initial resistance emerges at the 50-day EMA around $65,412, with a subsequent barrier near the broken rising trendline at roughly $75,008. The 200-day EMA at $75,821 marks a higher, more structural ceiling that would need to be reclaimed to meaningfully shift the bearish bias.
Jupiter extends losses on Thursday, following a 10% drop the previous day. The DeFi token remains capped below a local resistance trendline, near the 78.6% Fibonacci retracement level at $0.2406, measured from the $0.2766 to $0.1444 downswing.
The 50-day EMA at $0.2070 serves as the key support zone, further reinforced by the 50% retracement level at $0.1998. A slip below this zone could target the 23.6% Fibonacci retracement level at $0.1683, followed by the Fibonacci anchor at $0.1444.
Momentum suggests the broader downtrend is intact, with recent recovery attempts losing traction as the MACD has slipped below its signal line and the RSI at 47 hints at fading bullish momentum.
JUP/USDT daily price chart.On the topside, immediate resistance sits at the 200-day EMA near $0.2207, and a sustained break above this barrier would open the way toward the descending trendline break zone around $0.2418.
Pi Network is edging closer to the $0.1000 psychological threshold as the bearish phase extends. PI holds well below the 50-day EMA at $0.1311 and the 200-day EMA at $0.1901, reaffirming a long-term bearish trend.
The MACD and signal line continue to decline as the negative histogram expands, while the RSI at 21 falls deeper into the oversold territory, suggesting that downside momentum remains dominant even as short-term selling pressure may be nearing exhaustion.
PI token tests the S1 Pivot Point at $0.1010, which guards the downside to the S2 Pivot Point at $0.0867.
PI/USD daily price chart.Looking up, initial resistance aligns with the 50-day EMA at $0.1311, which acts as the first cap on any rebound.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Jupiter Asset Management has done something that would have looked almost radical a year ago: it zeroed out US Treasury holdings in one of its main bond funds. The £47 billion ($63.5 billion) asset manager swapped that exposure for European government notes and deepened an already significant emerging-markets position instead.
What changed, and why Portfolio manager Ariel Bezalel has been vocal about two interconnected concerns. First, he thinks the US economy is running too hot for comfort. Second, he believes market pricing of European Central Bank rate hikes has gotten ahead of itself, with traders now pricing in three hikes from the ECB.
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Bezalel’s view, in plain terms: three ECB hikes is too aggressive an assumption, which makes shorter-dated European government bonds look attractive on a relative basis. If the ECB hikes less than the market expects, those bond prices hold up better than the consensus trade would suggest.
Jupiter is specifically targeting shorter-dated German government bonds. The firm is also keeping its distance from UK gilts. Bezalel cited both excessive rate-hike pricing baked into UK debt and broader political risk as reasons to stay away.
Follow the flows Jupiter is not operating in a vacuum here. Lipper data shows that Q2 2026 saw net inflows of $3.05 billion into eurozone government bond funds, compared with just $1.69 billion flowing into US Treasury funds over the same period.
Flip back one quarter and the picture looked completely different. In Q1 2026, US Treasury funds pulled in $4.39 billion against a modest $829 million for eurozone equivalents.
Jupiter itself had previously been leaning hard into Treasuries. The firm built its holdings to record levels in early 2024, suggesting Bezalel was willing to own US debt aggressively when the macro case supported it. The fact that the same manager is now at zero on that position underlines how materially the calculus has shifted in his assessment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jupiter, the dominant decentralized exchange aggregator on Solana, just rolled out a trailing stop-loss feature for its Limit Order V2 system. It’s one of those tools that centralized exchanges have offered for years, and DeFi users have been quietly jealous about ever since.
Here’s the thing. A regular stop loss says “sell if the price drops to X.” A trailing stop loss says “sell if the price drops X% from its highest point.” The difference matters a lot when you’re riding a rally and don’t want to leave money on the table by setting a fixed exit too early, or too late.
How the trailing stop loss actually works Think of it like a ratchet that only clicks in one direction. As the price of a token climbs, your sell trigger climbs with it, always maintaining a set percentage distance from the peak. If the price reverses, the trigger stays put and fires when hit.
In English: you set a trailing distance, say 10% (which happens to be the default), and the system tracks the highest price your token reaches. If that peak was $100 and the price drops to $90, the order executes. If the price keeps climbing to $150 first, your new trigger becomes $135. You never manually adjust anything.
Jupiter allows users to configure trailing distances anywhere from 0.5% to 90%. That’s a wide range, covering everything from tight scalps on stablecoins to loose trailing stops on memecoins that might swing 30% in an afternoon before continuing upward.
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The feature tracks peaks using either USD price or market cap, depending on how the trader configures the order. Orders can be set with expiration periods of up to 30 days, so you’re not committing to babysitting a position forever.
And it works with any token pair supported on the platform, not just majors like SOL, JUP, or USDC.
Why this matters for Solana DeFi Jupiter’s Limit Order V2 system launched around October 2025, introducing fixed take-profit and stop-loss options alongside more sophisticated order types. Those included OCO (One Cancels Other) and OTOCO (One Triggers Other Cancel Order) bundling, essentially letting traders set up conditional logic chains for their trades.
The problem with V2’s original toolkit was that everything relied on fixed triggers. Set a stop loss at $95, and that’s where it fires regardless of whether the token rallied to $200 first. Traders who wanted to protect gains during volatile uptrends had to manually adjust their orders, which kind of defeats the purpose of automation on a decentralized platform.
Execution runs through Jupiter Ultra, the platform’s routing engine designed to find optimal swap paths across Solana’s liquidity pools. Jupiter Ultra also incorporates protection against MEV (Miner Extractable Value) attacks, which on Solana take the form of sandwich attacks where bots front-run and back-run your trade to extract value.
What this means for traders and the broader market For retail traders, the trailing stop loss lowers the skill barrier for managing risk. The 10% default is sensible for most crypto assets, though anyone trading lower-volatility pairs might want to tighten that, and memecoin traders will probably want to widen it considerably.
For more experienced traders, the combination of trailing stops with OCO and OTOCO order types opens up some genuinely sophisticated strategies. You could set up a position with a take-profit target, a trailing stop loss, and have the system cancel whichever order doesn’t trigger first.
One risk worth noting: trailing stop losses in illiquid markets can create cascading sell pressure. If a token’s price drops sharply and multiple trailing stops trigger simultaneously, the resulting sell orders could push the price down further, triggering more stops.
Traders should also be aware that a 30-day maximum expiration means long-term holders can’t set and forget indefinitely. You’ll need to renew orders periodically if you’re using this as an ongoing portfolio management tool rather than a short-term trade management feature.
The feature is accessible through Jupiter’s interface via a dedicated URL parameter.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR:Jupiter Trailing Stop Loss Adds Dynamic Protection to Limit OrdersJupiter Expands Solana Trading Tools With Automated Risk Management Jupiter Trailing Stop Loss uses percentage-based triggers instead of fixed stop prices for limit orders. The stop level rises with price gains and never moves lower during an active trading position. The feature supports SPL and Token-2022 assets, excluding transfer-fee token standards only. SolanaFloor highlighted the launch after Jupiter confirmed zero extra fees for the new trading tool. Jupiter has introduced a new Trailing Stop Loss feature for its Limit Orders, giving traders a way to protect gains as prices climb. The update replaces fixed stop prices with a dynamic percentage trail that adjusts upward alongside market moves.
The feature aims to reduce the risk of profitable positions turning into losses during sharp reversals. It expands Jupiter’s trading toolkit while keeping the existing limit order experience intact.
Jupiter Trailing Stop Loss Adds Dynamic Protection to Limit Orders The new feature allows users to set a percentage trail instead of a fixed stop price. Traders can choose any value between 0.5% and 90%. The stop level automatically moves higher whenever the asset reaches a new high.
The trigger does NOT move lower (downward) like a stop loss. This allows traders to stick to the trend when it is rising and still keep some of the profits they have yet to realize. When the market turns the other direction by the selected percentage, the order automatically fills.
Say Goodbye to Roundtripping 👋
Introducing Trailing Stop Loss, the newest tool in Jupiter Limit Orders.
Old Stop Loss: You buy SOL at $50, set a stop at $45. SOL pumps to $90.
If it dumps, your profits roundtrip into a loss.
Trailing Stop Loss goes up with the price,… pic.twitter.com/RoDXq65ntS
— Jupiter (@JupiterExchange) July 3, 2026
Jupiter explained the update through its official X account using a simple trading example. A trader buying SOL at $50 could see the asset climb to $90. Instead of keeping the original stop at $45, the trailing mechanism would move the stop upward to about $81 before a reversal triggered a sale.
According to Jupiter, the feature works across all SPL tokens and Token-2022 assets except transfer-fee tokens. The exchange also said traders will not pay additional fees to use the new functionality within Limit Orders.
Jupiter Expands Solana Trading Tools With Automated Risk Management The announcement first gained attention after SolanaFloor highlighted the launch on X. The publication noted that the feature focuses on protecting profits rather than only limiting downside risk. That distinction makes the tool different from conventional stop loss strategies.
NEW: @JupiterExchange has launched Trailing Stop Loss for Limit Orders, allowing users to set a percentage trail that moves up with price and automatically sells if the asset reverses, helping protect gains instead of only limiting losses. pic.twitter.com/IqJ88QtSvY
— SolanaFloor (@SolanaFloor) July 3, 2026
Traditional stop losses remain fixed unless users manually adjust them. During fast rallies, traders often face the challenge of watching profitable positions return to their entry point or below. A trailing stop automates that adjustment without requiring repeated changes.
Jupiter described the feature as a way to prevent what traders often call “roundtripping.” Instead of allowing gains to disappear during a market reversal, the stop follows the asset higher until the selected percentage threshold is reached.
The order then executes automatically according to the preset conditions. The rollout strengthens Jupiter’s growing suite of on-chain trading tools for the Solana ecosystem.
The update offers traders another automated risk management option while maintaining compatibility with supported Solana token standards. The feature is now available through Jupiter Limit Orders without introducing extra trading fees.
The broader cryptocurrency market is easing downside pressure, with US Federal Reserve Chairman Kevin Warsh's optimism about US growth driving Bitcoin (BTC) above $60,000. Short liquidations outpace long liquidations over the last 24 hours, suggesting renewed near-term buying strength, while Jupiter (JUP) and Morpho (MORPHO) lead gains during the same period.
Kevin Warsh’s optimism provides minor relief to the crypto marketUS Fed Chair Kevin Warsh reaffirmed that returning inflation to 2% remains the Fed's top priority at the ECB Forum in Sintra. In addition, Warsh recognized that inflation risks and short-term inflation expectations had eased in recent weeks, but he reiterated that “prices remain too high”, as previously reported by FXStreet.
Amid stirring optimism over the “prices too high” comment, Gold recovered above $4,000, and Bitcoin reclaimed $60,000 on Wednesday. CoinGlass data reaffirms the mild recovery across the crypto market, with short liquidations of $272 million outpacing long liquidations of $170 million over the last 24 hours, as buyers regain strength.
Crypto liquidation data. Source: CoinGlassBitcoin hovers over thin ice around $60,000Bitcoin hovers above $60,000 on Thursday, following a 2% recovery the previous day. The King Crypto maintains a broadly bearish near-term bias, with spot trading well below the 50-day Exponential Moving Average (EMA) at $66,146 and the 200-day EMA near $75,948.
From a technical perspective, BTC price continues to consolidate, with the June 25 low at $58,115 serving as the bottom support floor, while price faces headwinds above $60,000. A decisive follow-through on Thursday could extend recovery toward the $65,000 round figure.
That said, the Moving Average Convergence Divergence (MACD) rises above its signal line after a brief consolidation, suggesting renewed buying pressure. Meanwhile, the Relative Strength Index (RSI) near 38 still hints at weak, only mildly recovering momentum.
BTC/USDT daily price chart.On the downside, immediate demand is seen at the horizontal support zone clustered around $60,000, followed by the $58,115 support floor, where buyers may attempt to slow the decline.
Jupiter and Morpho ready to extend gainsJupiter extends gains on Thursday, following a 10% surge the previous day. With a bullish near-term bias, price sits above both the 50-day and 200-day EMAs, clustered around $0.1991 and $0.2199, respectively.
JUP is testing a reclaimed downward resistance trend line at $0.2377, suggesting a potential transition into a more constructive phase. The resistance trendline coincides near the 78.6% Fibonacci retracement level at $0.2406, measured over the downswing from $0.2766 to $0.1444.
A decisive close above $0.2406 could test the previous swing high around $0.2766, followed by the 127.2% Fibonacci extension level at $0.3300.
The RSI near 64 and a positive, mildly rising Moving Average Convergence Divergence (MACD) line above zero hint that upside momentum remains in play.
JUP/USDT daily price chart.Looking down, initial support is seen at the trendline pivot around $0.2377, followed by the 200-day EMA at $0.2199, and then deeper support at the 50% retracement level at $0.1998, near the 50-day EMA at $0.1991.
On the other hand, Morpho shows a clear recovery trend of over 35% from last week, bouncing off its 200-day EMA at $1.64. At the time of writing, MORPHO is up roughly 4% on Thursday, extending the 9% gains from the previous day.
The recovery run approaches an overhead barrier near $2.24, which previously capped two bullish attempts. If MORPHO clears this resistance, the uptrend could test an ascending resistance trendline near $2.56.
The MACD and signal line show a recovery, with expanding positive histograms suggesting buying pressure is returning, while the RSI is at 65, reaffirming renewed buying strength, though conditions risk approaching overbought levels.
JUP/USDT daily price chart.On the downside, immediate support is seen at the 50-day EMA near $1.89, with additional protection from the prior upward support trendline around $1.6046.
(The technical analysis of this story was written with the help of an AI tool.)
From crypto markets to the World Cup@chainlink is building a quiet but significant lead as the infrastructure layer beneath one of crypto's fastest-growing product categories. A string of integrations announced in recent months points to a single direction: automated, tamper-resistant settlement is replacing manual resolution across prediction markets, and Chainlink is the common thread.
@Polymarket's 5-minute and 15-minute $BTC markets both run on Chainlink Data Streams. Both markets use Chainlink Data Streams to provide price updates from major trading venues. The combined volume across those short-duration markets has already cleared over $3 billion. The broader picture for Polymarket is equally striking: the platform has cleared $4.9 billion in cumulative volume so far in 2026, after receiving full CFTC approval in the US.
@JupiterExchange, Solana's largest DEX aggregator, has plugged in the same infrastructure for its own 5-minute and 15-minute markets on $BTC, $ETH, and $SOL. Then there is @world_xyz, a Solana project that spent months as little more than a glowing globe with no public details. It revealed itself this week inside Phantom, reaching 20 million users and relying on Chainlink for automated market resolutions.
The FIFA deal cements the patternThe clearest signal yet came on June 9, 2026. ADI Predictstreet, the official prediction market partner of the FIFA World Cup 2026, announced it has adopted Chainlink as its exclusive oracle infrastructure to power accurate market resolutions and unlock instant payouts. To meet the scale of the tournament, ADI Predictstreet adopted the Chainlink Runtime Environment (CRE) to automate market creation, resolution, and settlement using high-quality FIFA data.
The deal placed Chainlink at the center of the official prediction markets for the biggest sporting event in history, a tournament spanning 48 teams, 104 matches, 16 host cities across three countries, and an estimated six billion fans.
While legacy prediction markets suffer from slow manual resolution and market outcome disputes, Chainlink's oracle infrastructure provides a robust source of truth for prediction markets on the world's largest sporting event. That structural shift, away from social-consensus or committee-based resolution and toward cryptographically verified, automated settlement, is what ties all of these integrations together.
The throughline across @Polymarket, @JupiterExchange, @world_xyz, and the official @FIFAWorldCup prediction market is the same: when platforms need fast, reliable, and dispute-free resolution at scale, they are reaching for the same oracle layer.
Sources
ADI Predictstreet official press release via PR Newswire
Chainlink Powers Faster Crypto Prediction Markets on Polymarket, Bitget News
Chainlink Data Streams, chain.link
World launched on July 1 as an onchain prediction market on Solana (SOL), live in Phantom Wallet and using Chainlink oracles to automatically settle trades in the CASH stablecoin.
Its debut adds a Solana-native challenger to a sector Polymarket and Kalshi already lead, where volumes have hit records.
How World Works Inside PhantomWorld operates as a non-custodial protocol rather than a traditional exchange. It routes orders to liquidity providers on Solana and does not hold user funds or run the markets itself. Traders keep positions in their own wallets as tokens until they choose to cash out.
Settlement runs through Chainlink Data Streams and its runtime environment, which feed prices and resolve outcomes with limited human involvement. Winning positions redeem automatically in CASH, a Solana stablecoin.
At launch, World lists short-duration Bitcoin (BTC) up-or-down contracts and markets on the 2026 FIFA World Cup. The debut lands as Solana runs hot.
Solana’s SOL token rose more than 5% on the day and about 16% over the week, according to BeInCrypto data.
Solana (SOL) Price Performance. Source: BeInCryptoThe team plans to add sports, politics, and macro markets through July.
World Replaces Kalshi in the WalletThe launch is the public reveal of infrastructure that has quietly run for weeks. Phantom offered Kalshi-powered markets through a DFlow integration from December 2025. It then switched to World for all positions opened on or after June 1.
Full story — what World Prediction Markets does, how it replaced DFlow/Kalshi, and what the disclosure actually says: https://t.co/hMC39dsIHj
— Solana 🧭 Compass (@SolanaCompass) June 30, 2026 Under the old setup, traders redeemed winning positions themselves, whereas World settles them automatically once an event ends.
That switch matters because Phantom reaches roughly 20 million users, giving World immediate distribution without a separate app. Kalshi, meanwhile, remains a formidable rival and is reportedly weighing a $40 billion valuation.
Before the reveal, the project ran a stealth campaign built around a glowing globe and the tagline “Trade Everything.” It even told followers there was “no product.”
“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are,” Pedro Miranda, Head of Consumer at the Solana Foundation, said in the launch announcement.
Follow us on X to get the latest news as it happens
Can World take on Polymarket and Kalshi?The incumbents carry moats World has not built. Polymarket proved the model in 2024, when more than $3 billion traded on its US presidential market. It has since expanded onto Solana through a February integration with Jupiter, contesting the same turf World now claims.
For the first time, @Polymarket is coming to Solana. On Jupiter.
Integrating Polymarket is primed for making Jupiter the most innovative predictions platform on Solana
Trade all the markets you want. On one onchain platform.
The best user-experience on Solana 🤝
The biggest… pic.twitter.com/lSpxZ93SaK
— Jupiter (@JupiterExchange) February 1, 2026 Their regulatory paths diverge sharply. Kalshi is a US-regulated exchange that beat the CFTC in court in 2024 to list election contracts. Polymarket took the opposite route, paying a $1.4 million CFTC penalty in 2022 that forced it offshore for years.
World sidesteps both, running as a permissionless onchain protocol with no license and no gatekeeper.
That freedom cuts two ways. The non-custodial model removes intermediaries, but it also forgoes the oversight and protections that anchor a regulated venue like Kalshi.
World has not published volume or liquidity figures, so its trading power stays unproven. Prediction markets reward deep books, which produce tighter spreads and steadier pricing. Distribution can pull in users fast, but that kind of depth takes time to build.
Sector momentum still helps, with prediction market open interest hitting a record $1.48 billion in June.
An unaffiliated memecoin using the World name sparked speculation on Pump.fun, though the team confirmed there is no link to it.
Prediction Market Open Interest. Source: X/a16z cryptoWorld’s case rests on distribution and instant onchain settlement, not proven scale. The World Cup becomes the first real test of whether embedded access inside Phantom turns into lasting liquidity.
Jupiter (JUP) edges higher by 6% at press time on Wednesday, testing the 200-day Exponential Moving Average (EMA) breakout at $0.2192. A fresh spark in monthly revenue and fees, reaching a three-month high, reflects renewed user demand on the network, backed by a near-term rise in retail confidence as Open Interest jumps 11% in 24 hours.
The technical outlook for Jupiter is mixed, with a short-term recovery poised to test the breakout of the overhead resistance zone near $0.2400.
Jupiter’s network activity and retail support pick upJupiter, a Solana-based Decentralized Exchange (DEX), regains network demand after three months of steady decline. DeFiLlama data show that user fees and revenue have surged to 261,909 SOL and 76,257 SOL, respectively, despite broader market risk-off sentiment. The fresh surge reaffirms Jupiter’s dominance in the DeFi industry, which could boost demand for its JUP token.
Jupiter network data. Source: DeFiLlamaOn the derivatives front, CoinGlass data show JUP Open Interest (OI) rising 11% over 24 hours to $58.71 million, suggesting a surge in leverage-driven positional setups. In addition, the funding rates of 0.0021% reflect near-term bullish sentiment among traders, who are willing to take long positions at a premium.
JUP derivatives data. Source: CoinGlassTechnical outlook: Will JUP price break above its prevailing downtrend trendline?Jupiter shows a bullish recovery attempt, heading to challenge a declining resistance trendline near $0.2325. At the time of writing, JUP is roughly 6% on Wednesday, with intraday gains crossing above the 200-day EMA at $0.2192.
From a technical perspective, the DeFi token is heading toward a confluence of resistance at the declining trendline and the 78.6% Fibonacci retracement level at $0.2372, measured from the upswing from $0.1350 to $0.2766. A decisive close above this zone could confirm a more decisive bullish extension, targeting the previous swing high near $0.2766, followed by the 127.2% Fibonacci extension level at $0.3361.
The Relative Strength Index (RSI) at around 59 on the daily chart remains above the midline, as buyers retain control. At the same time, the Moving Average Convergence Divergence (MACD) is close to its signal line, while the histograms contract, suggesting easing upside momentum.
JUP/USDT daily price chart.On the downside, initial support aligns with the 50-day EMA at $0.1971, near the 50% retracement at $0.1932, followed by the 23.6% retracement at $0.1599.
(The technical analysis of this story was written with the help of an AI tool.)
Jupiter has surged more than 15% after a sharp rebound in June protocol revenue revived bullish sentiment despite persistent risk-off conditions across the crypto market.
Summary
Jupiter jumped more than 15% after June protocol revenue climbed to a three-month high. Technical indicators show JUP has reclaimed its 200-day EMA as open interest and funding rates strengthened. Bulls now target the $0.24-$0.26 range, while losing $0.218 support could revive selling pressure. According to data from crypto.news, Jupiter (JUP) traded around $0.233 at the time of writing after briefly touching an intraday high near $0.238, extending its weekly gain to almost 30%.
The token’s rally followed a sharp improvement in protocol activity during June. Data from DeFiLlama showed Jupiter generated 261,909 SOL in user fees and 76,257 SOL in protocol revenue during the month, reversing three consecutive months of weakening network activity.
Because a portion of protocol revenue feeds Jupiter’s staking and governance model, the jump in cash flow quickly translated into renewed demand for the token.
The move also arrived while risk appetite across digital assets remained subdued. The Crypto Fear & Greed Index has continued to hover in Extreme Fear territory near 11 as macro uncertainty and tighter liquidity conditions keep investors selective toward altcoins. Jupiter nevertheless outperformed most large-cap tokens, suggesting traders have prioritized protocol-specific fundamentals over macro headwinds.
Derivatives traders joined the advance rather than fading it. Open interest climbed roughly 11% to $58.7 million, while funding rates stayed positive near 0.0021%, showing leveraged traders have continued paying a premium to maintain long exposure instead of aggressively hedging the rally. That combination generally supports sustained momentum as long as fresh buying continues to absorb profit-taking.
Bulls have reclaimed the long-term trend while momentum targets higher resistance The daily chart shows JUP has reclaimed its 200-day exponential moving average around $0.219, a level that repeatedly rejected advances during the previous decline. Price has also remained comfortably above the daily Supertrend indicator near $0.169, preserving the bullish structure established after June’s recovery.
Jupiter daily price chart — July 1 | Source: crypto.news Momentum indicators continue to favor buyers. The daily MACD remains above its signal line despite a modest slowdown in histogram expansion, suggesting upside momentum has eased but has not reversed. On the four-hour chart, RSI has climbed to about 63 without entering overbought territory, while the MACD has completed another bullish crossover as price pushes back toward the recent swing high.
The 4-hour structure also shows JUP trading above an ascending trendline that has supported higher lows since early June. Fibonacci retracement levels place immediate resistance near $0.238, followed by the psychological $0.24 region. A decisive close above that zone could expose the May peak around $0.26, while the 0.786 Fibonacci level near $0.218 now serves as the first important support during any pullback.
Jupiter 4-hour price chart — July 1 | Source: crypto.news CoinGlass liquidation data reinforces those technical levels. The largest concentration of short liquidations sits between roughly $0.238 and $0.245, creating a potential liquidity pocket if buyers force another breakout. Below the market, notable long liquidation clusters have formed around $0.22 and $0.21, areas that could attract buyers if price retraces before attempting another advance.
Jupiter liquidation heatmap | Source: CoinGlass Failure to hold support could revive the previous bearish trend The bullish outlook would weaken if JUP loses the ascending trendline and falls back below the former breakout zone around $0.218. Such a move would place the 200-day EMA under pressure again and increase the probability of a decline toward the $0.20-$0.19 region, where the 0.5 Fibonacci retracement aligns with previous consolidation.
Macro risks also remain in place despite Jupiter’s strong fundamentals. Persistent risk-off sentiment, reduced liquidity across crypto markets, or renewed weakness in Solana ecosystem tokens could limit follow-through buying. Without continued growth in protocol revenue and sustained derivatives participation, the latest breakout could lose momentum before challenging the next major resistance zone above $0.24.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Jupiter’s liquidity pool just got a new tenant. JupUSD, the platform’s native stablecoin, has been added to the Jupiter Liquidity Pool as a custody asset, expanding JLP’s asset roster to six tokens and triggering a call for all integrators to update their systems accordingly.
The move, announced on June 30, means JLP now holds SOL, ETH, BTC, USDC, USDT, and JupUSD. For anyone building on top of Jupiter’s infrastructure, that’s not just a nice headline. It’s a to-do list item with a deadline of yesterday.
What JupUSD actually is, and why it matters for JLP JupUSD launched in January 2026 through a partnership between Jupiter and Ethena Labs. Approximately 90% of JupUSD’s reserves sit in USDtb, a stablecoin collateralized by BlackRock’s tokenized funds. The remaining 10% lives in a USDC liquidity buffer held through institutional custody managed by Anchorage Digital.
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The stablecoin maintains 1:1 redeemability, backed by what Jupiter has described as clear and transparent reserves. Adding JupUSD as a custody asset within JLP supports transitions between collateral assets and deepens integrations across Jupiter’s product suite, including lending and perpetual contracts. For the Jupiter Perps platform specifically, JupUSD is designed to enhance both liquidity depth and yield capture.
The integration mechanics and what developers need to know Any protocol, tool, or application that reads JLP’s asset composition, calculates pool weights, or routes trades through Jupiter’s infrastructure needs to recognize JupUSD as a valid custody asset. Failing to update could mean broken integrations, incorrect balance calculations, or trades that don’t execute as expected.
In late June 2026, a RedStone oracle feed was added for JupUSD to improve its usability across Solana DeFi. Without reliable price feeds, a stablecoin can’t be used as collateral, can’t be swapped efficiently, and can’t participate in liquidation mechanisms. For JLP holders, Jupiter’s liquidity pool fees typically return 75% to asset holders, creating a yield opportunity that now benefits from JupUSD’s additional liquidity and trading volume.
What this means for investors and traders For JLP holders, adding a stablecoin with institutional-grade backing potentially reduces the pool’s overall volatility profile while maintaining yield generation through trading fees. For traders on Jupiter Perps, JupUSD as a custody asset means another option for collateral management.
The risk side of the equation centers on concentration. JupUSD’s backing is heavily weighted toward USDtb at roughly 90%, which means its stability is effectively a derivative of BlackRock’s tokenized fund performance and USDtb’s own redemption mechanisms. If USDtb were to experience any disruption, JupUSD’s peg would face immediate pressure, and by extension, so would JLP’s composition. The 10% USDC buffer provides some cushion, but it’s a thin one relative to the USDtb exposure.
Developers and protocol teams building on Jupiter should prioritize the integration update. The addition of a new custody asset changes pool math, and any delay in updating could expose users to unexpected behavior in swaps, liquidations, or yield calculations. Given that Jupiter has already laid the oracle groundwork with RedStone, the technical barriers to integration should be manageable.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The broader cryptocurrency market continues to trade under pressure, with Bitcoin (BTC) struggling for direction near $60,000 on Monday. Retail sentiment in crypto leans bearish, with CoinMarketCap’s Fear and Greed Index at 15 on Monday, maintaining a sideways trend deep in the “Extreme Fear” zone.
Fear and Greed Index. Source: CoinMarketCapAmid bearish market pressure, Zcash (ZEC) and Jupiter (JUP) are the leading losers over the last 24 hours.
Bitcoin’s uncertainty near $60,000 signals rebound chancesBitcoin hovers below $60,000 at press time on Monday, maintaining a near-term mixed bias. The consolidation near the $60,000 support level reflects bullish resilience guarding the downside to the July 5, 2024, low of $53,485.
The 50- and 200-day Exponential Moving Averages (EMA) at $66,946 and $76,645, respectively, are well above the price, reinforcing a medium-term capped structure. That said, the momentum conditions remain fragile on the daily chart, with the Relative Strength Index (RSI) hovering just above the oversold threshold near 30, while the Moving Average Convergence Divergence (MACD) slips marginally below its signal line, suggesting persistent downside pressure.
BTC/USDT daily price chart.On the topside, immediate resistance above the psychological $60,000 level is the $65,000 round figure, followed by the 50-day EMA at about $66,946.
Zcash hits a make-or-break levelZcash hovers around $375 on Monday, holding steady below the 200-day EMA at $381 after two days of losses. The near-term bias remains bearish, testing the 50% retracement level at $356, measured over the upswing from $184 to $390.
The RSI at 37 shows a pullback from the midline as buying pressure wanes, while the MACD extends below the signal line in the negative territory as the downside histogram expands, hinting at dominant selling pressure.
Looking up, the 200- and 50-day EMAs at $381 and $455 emerge as key upside barriers, followed by the 78.6% Fibonacci retracement level at $520.
ZEC/USDT daily price chart.On the downside, support emerges at the 50% retracement at $356, followed by the 23.6% retracement around $251, ahead of the broader cycle floor near 184.57, where buyers would be expected to more firmly challenge the prevailing bearish structure if reached.
Jupiter capped by key resistance risks fresh lowsJupiter trades close to the $0.2000 psychological mark on Monday, after two consecutive days of losses. The two-day decline reflects a bearish turnaround from an overhead resistance trendline near $0.2350, which capped Jupiter's fourth recovery attempt since October 2025.
A decisive close above this trendline could start a recovery run toward the November 27 high at $0.2662, followed by the October 11 low at $0.3255.
The MACD and signal line risk a bearish crossover, while the RSI at 54 flips downside from the overbought boundary, suggesting a decline in bullish momentum.
JUP/USDT daily price chart.On the downside, initial support is seen at the 50-day EMA at $0.1950, and a daily close back below this level would weaken the current bullish tone and expose the pair to a deeper corrective phase.
(The technical analysis of this story was written with the help of an AI tool.)
Jupiter’s Strategic Reserve Trust Fund, nicknamed the Jupiter Litterbox Trust, added 177,570 JUP tokens yesterday, worth approximately $39,000. This month, the fund has accumulated 13,346,232 JUP in purchases, valued at around $2.93 million. As of press time, its total JUP purchases reach 142,703,464, worth roughly $31.4 million. The Jupiter Strategic Reserve Trust Fund is Jupiter’s official on-chain treasury, with 50% of the protocol’s revenue automatically allocated to it. It uses smart contracts to continuously buy and hold JUP tokens on the open market, earning the community’s "Litterbox Trust" moniker.
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Launching a stablecoin used to mean building the whole stack: reserves, attestation, custody, redemption, distribution. Stablecoin-as-a-Service from Ethena removes that work. What is left for the issuer is the price feed that lets the token work as collateral in DeFi. For JupUSD, that feed comes from RedStone.
TL;DR: Stablecoin-as-a-Service lets any app launch a branded stablecoin on rented reserve infrastructure. Ethena runs the reserves and the machinery, and the partner brings the name and the distribution. Jupiter launched JupUSD stablecoin, monetizing $400 to $500 million of idle perps collateral. The current stablecoin circulating supply sits at $51 million. RedStone now delivers the price feed for JupUSD on Jupiter’s Solana platform. Stablecoin-as-a-Service: Ethena’s Reserve Model Ethena Whitelabel is a Stablecoin-as-a-Service product that allows partners to launch a branded stablecoin on rented reserve infrastructure, the same infrastructure that also backs USDtb, Ethena’s BUIDL-backed dollar.
When a partner launches a branded stablecoin, Ethena runs the reserves and the mint and redemption process, allowing the issuer to focus on the branding and distribution.
Ethena’s whitelabel offering covers multiple chains and protocols, with partners choosing between Ethena’s underlying reserve models depending on the product they want.
For JupUSD, that reserve asset is USDtb, which has grown to a circulating supply of roughly $889 million as of June 2026, according to DeFiLlama. Partners building on this infrastructure plug into a reserve mechanism already operating at scale.
Why JupUSD Needs Reliable Pricing Data Jupiter is Solana’s largest DeFi platform by total value locked. Founded in October 2021 as a swap aggregator routing trades across Solana DEXs, it has since expanded into a full onchain finance suite providing perpetual futures trading, lending, prediction markets, and a mobile trading app. Jupiter processed over $1 trillion in spot and perpetuals volume in 2025.
JupUSD was launched in January 2026, initially backed entirely by USDtb before the reserve mix shifted to its current 90/10 split with USDC. For Jupiter, the stablecoin solved a balance sheet problem: its perpetuals venue was sitting on roughly $400 to $500 million of idle collateral, and JupUSD puts that capital to work.
It is monetization infrastructure, not a savings account for users. Because USDtb flows through to BlackRock’s BUIDL fund, the yield accrues to Jupiter’s reserves rather than to JupUSD holders. As of June 12, 2026, JupUSD’s circulating supply sits around $51 million, published live on the project’s transparency page with broader metrics on DeFiLlama.
JupUSD is the default stablecoin powering the Jupiter superapp, which means that every venue using it needs reliable pricing data to run smoothly. Perps need it to value collateral, Jupiter Lend needs it to trigger liquidations, and Jupiter Predict needs it to settle markets. RedStone now provides that price feed for JupUSD on Solana.
The RedStone approach for whitelabeled stablecoins A whitelabeled stablecoin arrives with its reserves handled but cannot be used as collateral until a price feed makes it usable. Lending markets, perps, and prediction markets all need a fast, manipulation-resistant feed before they will take it as collateral or settle against it. The more venues the stable reaches, the bigger demand for price feed is.
RedStone’s modular architecture treats each feed as a configuration change rather than a bespoke build, so coverage expands at the pace these stablecoins now launch. On Jupiter that is already live: RedStone provides the JupUSD feed on Solana today, currently serving Jupiter’s perpetual markets.
Ethena handles reserve management as a service. RedStone provides the pricing data that makes each one usable.
Frequently Asked Questions What is Stablecoin-as-a-Service?
A model where the reserve and issuance infrastructure for a stablecoin is provided as a service, so an app can launch its own branded stable without building custody, attestation, and redemption from scratch. Ethena offers it through Ethena Whitelabel, and JupUSD is built on it.
Why does a service-issued stablecoin still need an oracle?
Reserves back the token’s value, but they do not make it usable in DeFi. Lending markets and perpetual venues need a manipulation-resistant price feed to accept it as collateral. Without one, the stablecoin remains a simple coin rather than a productive asset.
What type of price feed is RedStone running for JupUSD?
A push-model market feed for JupUSD on Solana that aggregates the spot price from exchanges and pushes updates onchain on deviation 0.2% or 24h heartbeat triggers.
Citi has raised its Sandisk price target to $2,500 from $2,025, sending SNDK shares up roughly 22% in the last 24 hours. The chipmaker has rallied approximately 4,800% over the past 12 months on AI-driven NAND demand.
The upgrade adds fresh institutional firepower behind one of the most explosive Wall Street stories of 2026.
Why Citi Raised Its Sandisk Price TargetA price target is the level an analyst expects a stock to reach over a defined horizon, typically 12 months. Citi analyst Asiya Merchant lifted her Sandisk target by nearly 24%, signaling roughly 30.6% additional upside while keeping a Buy rating on the chipmaker.
The catalyst came from Micron’s blowout fiscal third quarter. Furthermore, NAND bit shipments rose mid-single digits sequentially, while average selling prices surged in the mid-80% range, confirming the depth of the supply tightness now reshaping the entire memory chip industry.
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Update: SanDisk is spiking after a Citi analyst raises price target from $2,025 to $2,500$SNDK is now up ~780% since Leopold Aschenbrenner disclosed a $12.9M stake
He first disclosed the position in November 2025 at ~$254/share pic.twitter.com/envHzUpQiZ
— Leopold Stock Tracker (@LeopoldTracker_) June 25, 2026 Merchant pointed to a clear structural setup. NAND industry demand is now outpacing supply, with that imbalance expected to persist well beyond 2027. AI workloads, especially in data centers, are driving most of the new demand across enterprise SSDs and adjacent storage products.
Citi also opened a 90-day short-term upside view on Sandisk shares. The bank flagged three near-term catalysts. Industry earnings, the Flash Memory Summit in August, and SanDisk’s investor day during the same month should all further sharpen sentiment across the sector.
Sandisk’s own numbers add weight to the bullish call. The company posted $5.95 billion in revenue last quarter, up 97% sequentially. Moreover, data center revenue alone grew 233% quarter over quarter, while more than one-third of fiscal 2027 bit output is already locked under multi-year contracts.
On the other hand, decentralized exchanges Raydium and Jupiter have added Sandisk to their roster of tokenized stocks. The listing reflects the rising appetite among crypto traders for exposure to the year’s top-performing equities.
What the 4,800% SNDK Rally Tells the MarketSandisk has emerged as the best-performing stock in the entire S&P500 in 2026. Shares are up roughly 727% year-to-date, while the 12-month run from a low near $40 to recent highs above $2,335 marks an extraordinary 4,800% advance.
The rally tracks a structural shift in NAND economics. AI infrastructure spending has rewritten the demand curve. As a result, data center operators now rely heavily on cost-efficient SSDs to offload workloads, such as KV cache, a use case that did not exist in a meaningful way 18 months ago.
The Wall Street chorus has turned overwhelmingly bullish. Veteran trader Stephen “Sarge” Guilfoyle also raised his own Sandisk target to $2,600 from $2,425. Furthermore, the stock currently has a Strong Buy consensus rating on TipRanks, based on 14 Buy ratings and only 2 Hold ratings.
Sandisk Corporation (SNDK) Price Performance – 1 Year. Source: TradingViewRisks remain real despite the conviction. SNDK trades at an elevated trailing P/E of 65 to 76 times earnings. Moreover, the stock recently fell 13.64% in a single session during a broader tech selloff tied to the Korean Kospi crash, showing how exposed the name remains to volatility.
For Citi, the bigger picture still favors the upside thesis. Bit supply growth across the NAND industry is projected at roughly 20% for 2026, while Micron itself expects its own supply growth to come in below that figure.
PAX Gold, the gold-backed token issued by Paxos, is now tradeable on Jupiter, Solana’s dominant DEX aggregator. The integration was made possible through Sunrise DeFi, a liquidity gateway built by Wormhole Labs that handles the messy plumbing of onboarding new assets to Solana.
PAXG is the first gold token regulated by the Office of the Comptroller of the Currency to land on Solana.
How Sunrise makes it work Instead of forcing each new asset to negotiate with individual DEXes, liquidity providers, and block explorers one at a time, Sunrise bundles the entire onboarding process into a single pipeline. The result is day-one trading access the moment an asset goes live.
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A token like PAXG doesn’t have to sit in limbo for weeks while liquidity slowly materializes across fragmented venues. Sunrise pre-coordinates with Jupiter and other infrastructure partners, including the Solana block explorer Orb, so that trading and price discovery can happen immediately.
The platform has already tested this playbook with other assets. Bittensor’s TAO token was recently onboarded through the same process, suggesting that Sunrise is building a repeatable framework rather than a one-off integration.
Why gold on Solana matters PAXG is one of the more straightforward tokenized assets in crypto. Each token is backed by one fine troy ounce of London Good Delivery gold, held in Brinks vaults. Paxos, the issuer, operates under a New York State trust charter and is regulated by the OCC, which makes PAXG one of the few gold tokens with a clear regulatory pedigree.
Solana’s transaction fees are measured in fractions of a cent, and block times hover around 400 milliseconds.
What this means for investors Solana DeFi users can now trade a regulated gold token without bridging to Ethereum, paying Ethereum gas fees, or dealing with the latency of a slower network.
For Jupiter specifically, each new asset integration adds trading volume and fee revenue. Jupiter already dominates Solana’s DEX aggregation layer, and the Sunrise partnership effectively turns it into the default landing pad for cross-chain assets entering the ecosystem.
Wormhole, the bridge protocol behind Sunrise, suffered a high-profile exploit in 2022 that drained hundreds of millions of dollars. The team has overhauled its security since then, but the history is worth noting for anyone allocating significant capital through this pathway.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The broader cryptocurrency market remains under intense selling pressure, with Bitcoin (BTC) back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours. Although sellers remain dominant, DeFi tokens such as Aave (AAVE) and Jupiter (JUP) show resilience and emerge as top performers in the same time period.
Crushing pressure on the crypto marketThe total crypto market cap has fallen by 54% from its October 2025 peak, erasing roughly $2.2 trillion in value over that period, as previously reported by FXStreet. Amid the declining period, total liquidations of $984 million over the last 24 hours, driven by $799 million in long liquidations, indicate firm sell-side dominance among investors.
Adding to the selling pressure, Santiment data shows the whales holding 10 to 10,000 BTC have offloaded 45,074 BTC over the past 8 days. Typically, outflows from such large wallets weigh on crypto, leading to an extended decline.
Crypto liquidation data. Source: CoinGlass
Bitcoin whales holding data. Source: SantimentBitcoin defends a key psychological supportBitcoin hovers above $60,000 at press time on Thursday, holding just above the key horizontal floor. The King Crypto maintains a bearish near-term bias while remaining capped well below the 50-day Exponential Moving Average (EMA) at $68,229 and the 200-day EMA at $78,198.
That said, the Moving Average Convergence Divergence (MACD) risks crossing below its signal line, hinting at a renewal of bearish momentum. At the same time, the Relative Strength Index (RSI) near 33 still reflects weak demand after the recent slide.
On the downside, immediate support is located at the $60,000 area, where a clear break would expose deeper losses and signal a continuation of the broader correction.
BTC/USDT daily price chart.On the topside, initial resistance appears at the 50-day EMA around $68,229, followed by the former rising trendline break near $73,636 and then the 200-day EMA at $78,198; only a sustained recovery above this layered resistance zone would ease the current downside pressure.
DeFi tokens emerge as resilient cryptoAAVE hovers above its 50-day EMA at $79.45 at press time on Thursday, following its 10% rise the previous day. From a technical perspective, the DeFi token extends a positive rebound in a falling channel pattern, maintaining its near‑term constructive bias. That said, the overhead resistance trendline near the $100 mark, followed by the 200-day EMA at $118, caps the short-term recovery phase. This configuration suggests price is building a short-term base above dynamic support but remains embedded in a broader corrective phase.
Momentum supports the recovery tone, with the RSI near 61 and MACD holding above its signal line, both hinting that buyers retain the upper hand as long as the 50-day EMA holds.
On the topside, initial resistance aligns with the long-standing downward trendline near $100, and above that, the 200-day EMA at $118 acts as a more strategic barrier, limiting any medium-term bullish extension.
AAVE/USDT daily price chart.On the downside, the 50-day EMA at $79.45 is the first meaningful support; a daily close back below this level would undermine the nascent bullish structure and expose the pair to a deeper pullback, while holding above it would keep the recovery path open toward the $100 area.
Jupiter hovers above its 200-day EMA at $0.2198, with the 50-day EMA at $0.1910 underpinning support. The DeFi token maintains a neutral-to-slightly constructive bias as price tests the longer-term average. A rising RSI near 63, a positive MACD line above zero, and a constructive histogram suggest buyers retain the initiative while this squeeze between key EMAs persists.
On the topside, immediate resistance is at the 200-day EMA around $0.2198, with a subsequent hurdle near the downtrend resistance line projected from prior highs at around $0.2498, where a decisive break would signal a more convincing bullish reversal.
JUP/USDT daily price chart.On the downside, initial support is seen at the 50-day EMA at $0.1910, and a daily close back below this level would weaken the current recovery structure and expose the recent range lows.
(The technical analysis of this story was written with the help of an AI tool.)
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
The week opens with crypto markets focused on the macro backdrop: while several protocol-level events are scheduled, developments around the Iran conflict and Fed signaling are likely to remain the dominant drivers.
Reuters reported Sunday that the Pentagon is preparing for possible weeks of ground operations in Iran, though Trump has not approved those plans, and by Monday AP reported he was floating the idea of seizing Iran’s Kharg Island oil terminal even as diplomacy was still being discussed. Brent settled last Friday at $112.57, up 4.2% on the day.
BREAKING: President Trump says the US is in “serious discussions with a new and more reasonable regime to end our military operations in Iran.”
Trump also says that if a deal is not made, the US will “blow up and completely obliterate all of their electric generating plants, oil… pic.twitter.com/UAsFbQuWWF
— The Kobeissi Letter (@KobeissiLetter) March 30, 2026
Powell is due to speak later Monday, March 30, at Harvard, where markets will look for any signal on how the Fed is assessing the current oil-driven shock. With the Iran conflict pushing energy prices higher, policymakers are facing a familiar trade-off between inflation risks and slowing growth.
As in recent weeks, macro developments are likely to remain the dominant driver for crypto. Any escalation in Iran or a shift in Powell’s forward guidance could quickly feed through into broader risk markets, including crypto assets.
Crypto Events To Watch This Week In crypto land, the AAVE gets the spotlight this week. The project is set to activate Aave V4 on Ethereum mainnet. Aave V4 is already beyond the rumor stage and through the ARFC process, with the forum proposal laying out a “security-first” rollout, conservative risk parameters, and a narrower initial hub-and-spoke setup.
For ETH, the calendar matters less as a one-day catalyst than as a sentiment and narrative checkpoint. EthCC[9] begins March 30 in Cannes and bills itself as the largest and longest-running annual European Ethereum event, running through April 2. The adjacent EthCC Week schedule also includes “The Agora” on March 31, an institutional forum focused on market infrastructure, operational efficiency, and capital deployment.
JUP’s watchpoint is product expansion. Jupiter’s Offerbook is already in private beta, with registration open, and the pitch is unusually direct: “Onchain finance needs onchain credit. Time-based P2P loans, without price-based liquidations.” The product lets borrowers and lenders create fixed-term orders with customizable collateral, APR, loan size, and duration.
SUSHI is lining up a derivatives push. The official Sushi account has set April 2 for perps, while Sushi’s own site already shows a dedicated perps page telling users “Perps on Sushi Coming Soon” and collecting waitlist signups. That matters because perps remain one of the deepest and stickiest revenue arenas in crypto, and Sushi has been framing derivatives as a strategic priority since Sushi Labs outlined its roadmap.
FTX is also back on the radar because cash is about to move. FTX Recovery Trust said it will begin its fourth distribution on March 31, totaling about $2.2 billion for eligible creditors in the convenience and non-convenience classes who completed the required steps, with funds expected via BitGo, Kraken, or Payoneer within one to three business days. The market question is straightforward: how much of that recovered capital, if any, makes its way back into crypto trading once claims are paid.
Based, a Hyperliquid-powered DEX, will launch its token on March 30. The project confirmed its March 30 TGE on X, and KuCoin has already scheduled BASED/USDT trading for 10:00 UTC on Monday, with withdrawals opening a day later. KuCoin describes Based as a non-custodial DeFi “SuperApp” spanning crypto, equities, commodities, and spending rails.
At press time, the total crypto market cap stood at $2.32 trillion.
Total crypto market cap, 1-month chart | Source: ETHUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Several headlines are in the pipeline for the top crypto news this week. Spanning several ecosystems, crypto markets, and key events will drive volatility for different tokens this week.
Traders and investors can monitor the following headlines to front-run events and ecosystem-specific volatility.
Mantle Integration AnnouncementThis week, one of the top crypto news stories is Mantle Network’s integration announcement. After the Tectonic Upgrade was implemented in March 2024 and the Mainnet Alpha launch in July 2023, the Mantle ecosystem will undergo a planned update.
Recently, Mantle Network integrated with EigenDA, reducing transaction fees significantly while improving transaction speed. As Mantle builds, it also integrates Stargate, enabling seamless, bridgeless transfers.
Now the network has another integration in the pipeline, though details remain scarce.
“Intern hearing things…Very big integration potentially happening next week on Mantle,” a Mantle Network intern shared on X last week.
Mantle Network (MNT) price performance. Source: CoinGeckoData on CoinGecko shows Mantle Network token’s price is down by 0.5% in the last 24 hours. As of this writing, MNT was trading for $0.7298.
Jupiter Product AnnouncementAnother expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
“Accelerate with Jupiter. Next week, catch Kash on the main stage with a banger product announcement (or two),” Jupiter said on Friday.
Some speculate that the prospective announcement relates to their recent partnership with Sanctum for a SOL-based debit card, expanding DeFi offerings.
Meanwhile, others say it concerns highlights by another Jupiter executive, @weremeow on X, about a major Jupiter event, including a product reveal and DAO discussion. Meanwhile, a key conversation in the Jupiter ecosystem concerns the JupNet.
“Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
The Jupiter executive explained JupNet in a detailed post, citing a Catstanbul 2025 announcement. JupNet is an omnichain network tackling blockchain interoperability with a decentralized state of truth, omnichain ledger, and aggregated decentralized identities (ADIs).
The team has iterated core designs and enhanced the Solana Virtual Machine (SVM) for better transaction handling. They held their first offsite in April 2025 in San Francisco.
Upcoming steps include DOVE layer audits, internal tests, and a technical paper release. These aim to transform on-chain interactions with features like passkeys and MFA.
Jupiter (JUP) price performance. Source: BeInCryptoAs of this writing, Jupiter’s JUP token was trading for $0.47643, down by nearly 7% in the last 24 hours.
Avalanche London SummitAlso, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
Contracts deployed on Avalanche. Source: subnets.avax “Looks like the ‘big wave’ is coming ahead of Avalanche Summit London,” Avalanche Viet Nam remarked in a post.
Meanwhile, BeInCrypto data shows AVAX was trading for $21.49 as of this writing, down by nearly 6% in the last 24 hours.
US Senate to Pass Stablecoin LegislationThere is also speculation that the US Senate will pass stablecoin legislation this week. This comes after Senator Bill Hagerty announced that the Senate is ready to pass the GENIUS Act.
“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
This legislation would mark a game-changing bill, establishing the first comprehensive regulatory framework for payment stablecoins.
Further, this historic move is set to transform the $244 billion stablecoin market. It would ensure backed reserves, anti-money laundering measures, and consumer protections.
The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
2 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
2 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
2 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
2 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
2 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
4 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
4 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
4 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
4 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
The crypto market will welcome tokens worth more than $566 million in the final week of November 2025. Several major projects, including Hyperliquid (HYPE), Plasma (XPL), and Jupiter (JUP), will release significant new token supplies.
These unlocks might lead to market volatility and influence price movements in the short term. Here’s a breakdown of what to watch for each project.
1. Hyperliquid (HYPE) Unlock Date: November 29 Number of Tokens to be Unlocked: 9.92 million HYPE (0.992% of Total Supply) Current Circulating Supply: 270.77 million HYPE Total supply: 1 billion HYPE Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and also sub-second transaction finality.
On November 29, the project will release 9.92 million tokens valued at approximately $327.35 million. This accounts for 2.66% of the current released supply.
HYPE Crypto Token Unlock in November. Source: TokenomistHyperliquid will distribute all the unlocked tokens among core contributors.
2. Plasma (XPL) Unlock Date: November 25 Number of Tokens to be Unlocked: 88.89 million XPL (0.89% of Total Supply) Current Circulating Supply: 1.88 billion XPL Total supply: 10 billion XPL Plasma is a Layer 1 blockchain platform built to enhance the efficiency and scalability of stablecoin transactions. It enables zero-fee USDT transfers, allows the use of custom gas tokens, supports confidential payments, and delivers the throughput required for global-scale adoption.
Plasma will unlock 88.89 million XPL on November 25. The tokens are worth $17.53 million. Moreover, they account for 4.74% of the current circulating supply.
XPL Crypto Token Unlock in November. Source: TokenomistThe team will direct all of the 88.89 million XPL to the ecosystem and growth.
3. Jupiter (JUP) Unlock Date: November 28 Number of Tokens to be Unlocked: 53.47 million JUP (0.53% of Total Supply) Current Circulating Supply: 3.2 billion JUP Total supply: 10 billion JUP Jupiter is a decentralized liquidity aggregator on the Solana (SOL) blockchain. It optimizes trade routes across multiple decentralized exchanges (DEXs) to provide users with the best prices for token swaps with minimal slippage.
On November 28, Jupiter will unlock 53.47 million JUP tokens. The supply is worth approximately $12.83 million, representing 1.69% of its circulating supply. Furthermore, this unlock follows a monthly cliff vesting schedule.
JUP Crypto Token Unlock in November. Source: TokenomistJupiter has allocated the tokens primarily to the team, who will get 38.89 million JUP. Furthermore, Mercurial stakeholders will receive 14.58 million JUP altcoins.
In addition to these, other prominent unlocks that investors can look out for in the final week of November include Artificial Superintelligence Alliance (FET), Aerodrome Finance (AERO), IOTA (IOTA), and various altcoins, contributing to the overall market-wide releases.
Ben Chow, co-founder of Solana-based decentralized exchange Meteora, has stepped down following allegations that he privately received or managed LIBRA tokens.
Chow’s resignation was announced on X by Meow, pseudonymous co-founder of both Meteora and Jupiter. Meow stressed their dedication to openness and reassured the community that neither project was involved in insider trading or financial misconduct.
A respectable legal firm, Fenwick & West, has been hired by the companies to carry out an independent investigation into the claims. Meow stated that the results of the investigation will be made public.
Meteora, which has operated independently from Jupiter for over a year, had been led by Chow without significant involvement from meow. While Meow expressed confidence in Chow’s character, he cited a lack of judgment in recent months regarding Meteora’s core operations as a reason for the resignation.
The controversial LIBRA memecoin, to which Chow was linked, gained rapid attention after Argentine President Javier Milei’s public mention of the token. The value of LIBRA surged to over $4 before plummeting to less than 50 cents. Rumors of market manipulation were sparked by reports that insiders cashed out over $100 million while buyers incurred large losses.
Milei’s involvement with the token has ignited political tensions in Argentina, with opposition leaders calling for his resignation. The nation’s Anti-Corruption Office is now reviewing the case, and Federal Judge María Servini is overseeing a legal probe into the matter.
The LIBRA incident has sent shockwaves through the crypto space, highlighting the risks involved in memecoin trading. On February 17, Binance co-founder Chang Peng Zhao offered to donate 150 Binance Coin (BNB) as part of an effort to compensate victims of the scam.
In This Article Meteora Co-Founder Resigns After Libra Memecoin FailureThe LIBRA Memecoin and Allegations Engulf Argentina President MileiLessons for the Crypto Industry: Stop Bidding Solana Celebrity Meme Coins The resignation of Meteora’s co-founder Ben Chow adds another twist to the LIBRA memecoin saga.
Argentinan president Javier Milei thought he was Argentina’s Trump and could scam his fans, but the pyramid turned out to be much smaller than anticipated. Now people will see jail time. Et tu Solana?
Ain’t no way these people aren’t going to prison:
– Running 9 figure scams using heads of states as bait
We’re dealing with unique problems this cycle that didn’t apply in previous cycles:
HORRIBLE global economic macros Additional tariffs (some justified and others not) scarring the market Solana threw a wrench into alts/shitcoins this cycle Normies are further demoralized by getting rekt from Trump, Melania, Libra, Hawk Tuah, amongst other celeb pnd’s (this ties into the SOL issue) Here’s a closer look at the scandal, LIBRA’s dramatic rise and fall, and the political tensions it has sparked, not just for the token but also for figures like Argentine President Javier Milei.
Meteora Co-Founder Resigns After Libra Memecoin Failure Ben Chow’s resignation was announced on X by “Meow,” the pseudonymous co-founder of Meteora and Jupiter, another Solana-based platform. Meow emphasized the company’s commitment to transparency and reassured the community of its intent to address the allegations effectively.
“We take allegations of insider trading EXTREMELY seriously,” Meow wrote on X. “Neither Meteora nor Jupiter is guilty of financial misconduct.”
(Ben Chow charged for 34 cases of Fraud in 2016 | SEC) To reinforce this commitment, the companies have hired Fenwick & West, a respected legal firm, to conduct an independent investigation. Meow promised that the review results would be made public to ensure accountability.
Despite expressing confidence in Chow’s character, Meow cited a lack of judgment in Meteora’s operations as a contributing factor to the resignation.
The LIBRA Memecoin and Allegations Engulf Argentina President Milei The scandal revolves around LIBRA, a meme coin that soared to mainstream attention after being endorsed by Argentine President Javier Milei.
What began as a rising star in the crypto world soon crashed spectacularly, with LIBRA’s value plummeting from $4 to less than $0.50 in mere hours.
The dramatic collapse has been linked to market manipulation, with reports alleging that insiders cashed out over $100 million in liquidity, leaving investors to absorb enormous losses. Chow, according to accusations, privately received or managed LIBRA tokens—a claim that has fueled outrage and distrust.
It’s all unravelling so quickly. In the past hour we found out that Jupiter owner Meow is the real owner of Meteora. Ben lied about having no involvement with Libra and other Kelsier launches and was fired from Meteora. Gotta imagine Solana and its execs knew this the whole time. pic.twitter.com/n5F8IC5H3W
— Beanie (@beaniemaxi) February 18, 2025
President Milei’s involvement with LIBRA has sparked significant political turbulence in Argentina. Milei, who publicly promoted the token, is now under investigation by the nation’s Anti-Corruption Office.
Federal Judge María Servini also oversees a legal probe into potential fraud and market manipulation related to the meme coin’s controversial launch.
Sociopathic scammers from the Solana culture have now dominated the crypto market. These are people whose perspective is that crypto is literally just a place where you can scam people for easy money. The LIBRA trainwreck gives us a glimpse into the massive rabbit hole.
They have zero inkling that crypto, blockchain, DLT, whatever, has any benefit other than being an arena for scamming. Sad!
Lessons for the Crypto Industry: Stop Bidding Solana Celebrity Meme Coins tldr; Argentina’s president Javier Milei launched a meme coin called $LIBRA, claiming it would boost the country’s economy. However, within five hours, $4.4 billion vanished as insiders dumped their holdings.
After the LIBRA crash, Binance co-founder Changpeng Zhao donated 150 Binance Coin (BNB) to help fix the damage. But no amount of goodwill can fix the larger problem plaguing crypto—an unregulated space that leaves small investors drowning in losses.
The fallout has drawn interest from the blockchain community and political circles, raising bigger questions about responsibility and the glaring gaps in crypto oversight.
Solana has become a community increasingly tantamount to a drunken Reno casino, brimming with sharks and scammers. You might want to cash out while you still can.
EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways Sociopathic scammers from the Solana culture have now dominated the crypto market. The LIBRA meme coin controversy serves as yet another reminder of the risks associated with hypervolatile assets like meme coins. For the crypto ecosystem, instances like these cast a long shadow, raising concerns about transparency, accountability, and the industry’s long-term reputation. #Altcoin News Today
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Isaiah Mccall
99BTC Japan Correspondent
Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More
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