US pre-market news roundup: Intel plans to invest €5 billion to expand its Irish factory; storage and semiconductor equipment sectors fall across the board in pre-market trading.
Key pre-market news for U.S. stocks is as follows: 1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will kick off Q2 earnings reports on Tuesday, while Morgan Stanley will release its results on Wednesday. Markets expect U.S. large banks’ investment banking and trading revenues to surge, driven by SpaceX’s IPO, rising M&A activity, and market volatility sparked by the Iran situation; 2. Trump claimed Iran always breaks agreements, so the U.S. will strike hard at Iran, take control of the strait, and likely dominate it in the future; 3. SK Hynix’s U.S. ADR trades at a 23.4% premium to its South Korean shares; 4. Semiconductor equipment and storage sectors fell across the board pre-market, with KLAC down 3.7%, SanDisk and Western Digital both dropping over 5%; 5. Spot gold and silver fell broadly, with gold down 1.32% and silver down 2.23%; 6. Crude oil markets fell broadly, with U.S. crude up 3.35% and Brent crude up 3.53%; 7. Strategy did not add to its Bitcoin holdings last week, selling 4.82 million units to raise $467 million; 8. Bitmine added 27,801 ETH to its holdings last week, bringing its total staked ETH to 4.917 million, with an estimated annual staking income of $242 million.
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South Korean stock market faces a margin trading crisis, with forced liquidations totaling 344.2 billion won in July.
According to data from the Korea Financial Investment Association, the recent sharp decline in South Korea's stock market has triggered accelerated deleveraging of margin trading positions. The total forced liquidation volume in July has reached 344.2 billion won, with the single-day forced liquidation amount on July 9 hitting 142.2 billion won. As forced liquidation data lags by two trading days, the clearing pressure from the nearly 9% plunge in the KOSPI on July 13 has not yet been fully reflected, and the market expects subsequent liquidation volumes to rise further. On July 13, South Korea's KOSPI index closed down 8.95%, triggering the Sidecar (seller order suspension mechanism) and Level 1 Circuit Breaker during intraday trading. The semiconductor sector plummeted, with SK Hynix falling 15.37%—its largest single-day drop in history—and Samsung Electronics down 10.7%. Meanwhile, South Korean retail investors' margin sizes, margin loan balances, and investor deposits have all continued to decline, with the market trapped in a deleveraging cycle of "stock price drop—forced liquidation—further decline".
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Trump and Iran deliver tough, tit-for-tat statements, with both sides refusing to back down on the Strait of Hormuz issue.
US President Donald Trump and an advisor to Iran’s Supreme Leader have successively made tough remarks on the Strait of Hormuz. Trump stated that the US will become the "guardian" and "guardian angel" of the Strait of Hormuz, claiming that the US has guarded the strait for free in the past and will recover its operational costs and compensate for the risks it has taken to maintain the strait’s security in the future. He also said that the US will control the Strait of Hormuz and "is very likely to dominate the strait" in the future, adding that every time Iran deploys drones, the US will strike back fiercely. In addition, Trump revealed that the US and Iran held 11-hour talks yesterday. The advisor to Iran’s Supreme Leader responded that no Iranian believes Iran should give up the Strait of Hormuz. Iran defends the Strait of Hormuz to avoid being forced to pay "ransom" for the passage of its own ships in the future. He emphasized that the strategic, security and economic status of the Strait of Hormuz is irreplaceable, and Iran will never back down on the issue of the Strait of Hormuz.
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HSK Chain launches Phase 3 of its HSK Staking campaign, upgrading the ecosystem's long-term incentive mechanism.
According to official announcements, HSK Chain’s Phase 3 staking campaign officially launched on July 13. This phase sets a maximum total staking cap and adopts a diversified incentive model, with participants eligible for corresponding expected ecosystem incentives per on-chain rules. Additionally, users who took part in previous staking phases and consistently supported ecosystem development will receive extra ecosystem subsidies based on their historical locked contributions, comprehensively enhancing on-chain participation benefits. It is understood that this staking campaign, while rewarding HSK holders and past participants, will further drive the long-term steady growth of the HSK Chain ecosystem. As on-chain developers, high-quality projects, and institutional-grade assets continue to onboard, this upgrade to the long-term incentive mechanism will serve as a core initiative for the ecosystem’s long-term development.
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BBC investigation finds Instagram still hosts ads for child sexual abuse content, Meta’s AI moderation mechanism faces renewed scrutiny
Despite Meta’s ongoing heavy investment in AI infrastructure, a new BBC investigation has found that Instagram is still serving users in India with advertisements containing child sexual abuse material (CSAM), and some of these ads are still deemed by the platform’s moderation system as “not violating community guidelines” even after being reported. The report states that a test account created by the BBC received around 30 CSAM-related ads within a week, without any prior searches for such content, and these ads directed users to Telegram channels to purchase the illegal material. The Indian government has ordered Meta to remove the relevant ads and explain within seven days why its moderation mechanism failed. The report notes that Meta’s 2025 ad revenue reached $201 billion, accounting for approximately 97% of its total revenue, while its AI infrastructure investment in the same period hit $72.2 billion. The company plans to raise its capital expenditure to between $125 billion and $145 billion in 2026. The article points out that Meta’s current controversies stem more from platform governance and commercial incentives rather than a lack of AI technical capabilities.
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Institutions: The crypto market continued deleveraging in Q2, with spot trading volume hitting its lowest level since Q3 2023.
According to FalconX’s latest market analysis, the crypto market sustained its deleveraging trend in the second quarter of 2026. Spot trading volume on major platforms fell to $1.6 trillion, down 25% quarter-over-quarter and 42% year-over-year, hitting its lowest level since the third quarter of 2023. Futures trading volume dropped to $9 trillion, a 12% quarter-over-quarter and 31% year-over-year decline. The report shows that by the end of Q2, the total open interest (OI) of futures across the market fell to $53.2 billion, a sharp pullback from the peak of $122.2 billion in October 2025, while trading turnover ratio decreased to 1.6x, reflecting a shift in the market from high-frequency speculation to long-term holding. On the capital flow front, Bitcoin spot ETFs recorded a net outflow of $4.9 billion in Q2, expanding the year-to-date cumulative net outflow to $5.4 billion. Total stablecoin supply shrank by $7.4 billion to $313.8 billion, marking the first contraction in recent quarters. FalconX notes that the current market deleveraging process is largely complete, with open interest stabilizing and trading volume showing signs of recovery in June. Looking ahead to the third quarter, the progress of the U.S. CLARITY Act legislation and ETF capital flows will be key catalysts shaping market trends.
Trump and Iran deliver tough, tit-for-tat statements, with both sides refusing to back down on the Strait of Hormuz issue.
US President Donald Trump and an advisor to Iran’s Supreme Leader have successively made tough remarks on the Strait of Hormuz. Trump stated that the US will become the "guardian" and "guardian angel" of the Strait of Hormuz, claiming that the US has guarded the strait for free in the past and will recover its operational costs and compensate for the risks it has taken to maintain the strait’s security in the future. He also said that the US will control the Strait of Hormuz and "is very likely to dominate the strait" in the future, adding that every time Iran deploys drones, the US will strike back fiercely. In addition, Trump revealed that the US and Iran held 11-hour talks yesterday. The advisor to Iran’s Supreme Leader responded that no Iranian believes Iran should give up the Strait of Hormuz. Iran defends the Strait of Hormuz to avoid being forced to pay "ransom" for the passage of its own ships in the future. He emphasized that the strategic, security and economic status of the Strait of Hormuz is irreplaceable, and Iran will never back down on the issue of the Strait of Hormuz.
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HSK Chain launches Phase 3 of its HSK Staking campaign, upgrading the ecosystem's long-term incentive mechanism.
According to official announcements, HSK Chain’s Phase 3 staking campaign officially launched on July 13. This phase sets a maximum total staking cap and adopts a diversified incentive model, with participants eligible for corresponding expected ecosystem incentives per on-chain rules. Additionally, users who took part in previous staking phases and consistently supported ecosystem development will receive extra ecosystem subsidies based on their historical locked contributions, comprehensively enhancing on-chain participation benefits. It is understood that this staking campaign, while rewarding HSK holders and past participants, will further drive the long-term steady growth of the HSK Chain ecosystem. As on-chain developers, high-quality projects, and institutional-grade assets continue to onboard, this upgrade to the long-term incentive mechanism will serve as a core initiative for the ecosystem’s long-term development.
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BBC investigation finds Instagram still hosts ads for child sexual abuse content, Meta’s AI moderation mechanism faces renewed scrutiny
Despite Meta’s ongoing heavy investment in AI infrastructure, a new BBC investigation has found that Instagram is still serving users in India with advertisements containing child sexual abuse material (CSAM), and some of these ads are still deemed by the platform’s moderation system as “not violating community guidelines” even after being reported. The report states that a test account created by the BBC received around 30 CSAM-related ads within a week, without any prior searches for such content, and these ads directed users to Telegram channels to purchase the illegal material. The Indian government has ordered Meta to remove the relevant ads and explain within seven days why its moderation mechanism failed. The report notes that Meta’s 2025 ad revenue reached $201 billion, accounting for approximately 97% of its total revenue, while its AI infrastructure investment in the same period hit $72.2 billion. The company plans to raise its capital expenditure to between $125 billion and $145 billion in 2026. The article points out that Meta’s current controversies stem more from platform governance and commercial incentives rather than a lack of AI technical capabilities.
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Institutions: The crypto market continued deleveraging in Q2, with spot trading volume hitting its lowest level since Q3 2023.
According to FalconX’s latest market analysis, the crypto market sustained its deleveraging trend in the second quarter of 2026. Spot trading volume on major platforms fell to $1.6 trillion, down 25% quarter-over-quarter and 42% year-over-year, hitting its lowest level since the third quarter of 2023. Futures trading volume dropped to $9 trillion, a 12% quarter-over-quarter and 31% year-over-year decline. The report shows that by the end of Q2, the total open interest (OI) of futures across the market fell to $53.2 billion, a sharp pullback from the peak of $122.2 billion in October 2025, while trading turnover ratio decreased to 1.6x, reflecting a shift in the market from high-frequency speculation to long-term holding. On the capital flow front, Bitcoin spot ETFs recorded a net outflow of $4.9 billion in Q2, expanding the year-to-date cumulative net outflow to $5.4 billion. Total stablecoin supply shrank by $7.4 billion to $313.8 billion, marking the first contraction in recent quarters. FalconX notes that the current market deleveraging process is largely complete, with open interest stabilizing and trading volume showing signs of recovery in June. Looking ahead to the third quarter, the progress of the U.S. CLARITY Act legislation and ETF capital flows will be key catalysts shaping market trends.
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Intel will invest 5 billion euros to expand its factory in Ireland.
Intel (INTC.O) will invest 50 billion euros (approximately $57 billion) to expand its factory in Ireland, aiming to recapture its leading position in manufacturing amid the artificial intelligence boom. In a statement, Intel said the investment will boost production capacity at its Leixlip campus outside Dublin, as part of the company’s plan to increase output of data center processors. The expansion will enhance manufacturing capabilities for products including its flagship Xeon server processors, while advancing research and development activities. Intel Executive Vice President Naga Chandrasekaran noted in a statement that the move is also part of the company’s plan to improve delivery capacity for its foundry business. Intel’s foundry arm, which manufactures chips for other tech companies, is a core component of its revitalization strategy, designed to strengthen its competitiveness against rivals such as TSMC.
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Trump: The United States may take charge of managing the Strait of Hormuz in the future.
US President Trump posted that he may "operate" the Strait of Hormuz in the future, stating that if the US takes the lead in managing the Strait of Hormuz, the US will receive compensation. "We will become the guardians of the Strait of Hormuz."
SBI and Solana Foundation Join Forces on On-Chain FinanceJapanese financial conglomerate SBI Holdings has announced a strategic partnership with the Solana Foundation to jointly develop an on-chain financial market in Japan. The collaboration will see the Solana Foundation join SBI R3 Japan, working alongside existing shareholders SBI Holdings and Sumitomo Mitsui Financial Group (SMFG) to pursue a new growth strategy.
As part of the agreement, the Solana Foundation will acquire a stake in SBI R3 Japan, and the company plans to change its name to SBI Solana Global Co., Ltd.
SBI highlighted the rapid global expansion of stablecoins and real-world asset (RWA) tokenization, describing on-chain finance as the next generation of financial infrastructure, where the issuance, distribution, and settlement of financial assets all occur on the blockchain. The firm cited Solana's appeal directly: "Solana is regarded as one of the core infrastructures for on-chain finance, based on its high processing performance, low costs, and global ecosystem," adding that its goal is "to connect Japan's financial assets and institutional foundation with Solana's global network."
Scope of the Deal: Stablecoins, RWAs, and Cross-Border PaymentsThe partnership combines SBI's experience in operating permissioned networks through its R3 Corda platform with Solana's high-performance blockchain technology, with the main objective being to accelerate blockchain adoption among traditional financial institutions and facilitate the onboarding of tokenized real assets.
Specific focus areas include yen-backed stablecoins, the tokenization of bonds, funds, and real estate as real-world assets, cross-border payment infrastructure, and on-chain financial services for institutional investors. The two parties aim to expand products developed in Japan first across Asia, and then into global markets.
The announcement is the latest in a series of moves by SBI to deepen its presence in the digital asset space. SBI Holdings' subsidiary B2C2, a core market maker for firms including Robinhood, recently designated Solana as its primary network for routing and settling large-scale stablecoin transactions for institutional clients. SBI Holdings took a majority ownership position in B2C2 in 2020.
The deal also reflects Japan's broader push to position itself as a hub for on-chain finance in Asia, with government support playing a role. Japanese Prime Minister Sanae Takaichi has announced a policy to expand funding from the government and financial institutions for startups, including those in the Web3 sector, introducing a Total Support Package for Startups established in May 2025 at the WebX 2026 conference.
Sources:
CoinNess: SBI Holdings and Solana Foundation Strategic Partnership
The Block: SBI Holdings' B2C2 Designates Solana as Primary Stablecoin Network
In a notable development for the cryptocurrency industry, SBI Holdings, a major Japanese fintech conglomerate, has announced a partnership with the Solana Foundation to establish Japan’s first regulated crypto financial market. This initiative aims to utilize Solana’s high-speed, low-cost blockchain network to support a range of financial services, including JPY stablecoins, tokenized real-world assets, and cross-border payments. The collaboration marks a significant step in integrating traditional financial systems with blockchain technology in Japan, leveraging Solana’s infrastructure for enhanced throughput and reduced costs in institutional finance.
SBI Holdings, which is Ripple’s largest partner in Japan, is positioning itself as a leader in the digital asset space by actively participating in Solana’s ecosystem. This includes its subsidiary’s management of SOL treasury and its arm designating Solana as the primary stablecoin network for institutional clients. The regulatory environment in Japan is conducive to such innovation, given the country’s mature framework for real-world asset tokenization.
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Market reactions to this partnership suggest increased confidence in Solana’s potential, with market participants pricing in a higher probability of Solana reaching significant price targets. The implications for Solana’s market position in Japan and globally are likely to be profound, given the scale of SBI Holdings’ involvement and Japan’s regulatory support for digital asset integration.
Key Takeaways The partnership between SBI Holdings and Solana appears to enhance Solana’s market position in Japan, suggesting a supportive environment for blockchain integration in traditional finance. Market pricing suggests participants view Solana’s potential for adoption and institutional use as strengthened by this collaboration. The initiative is consistent with scenarios where Solana’s infrastructure supports increased financial service offerings in Japan. What to Watch Observers should monitor how this partnership influences Solana’s adoption in institutional finance, particularly regarding JPY stablecoins and tokenized assets. Additionally, regulatory developments in Japan and the operational rollout of services under this partnership will be key indicators of its success. Any significant changes in Solana’s market pricing or increased activity in related financial products could indicate market confidence in this venture’s potential impact.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 20% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 11.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46% — — View market →
SBI Holdings and the Solana Foundation have formed a strategic partnership to develop an onchain financial market based in Japan.
Summary
SBI and Solana target stablecoins, tokenized assets, payments and institutional services across Japan and Asia. Solana Foundation will join SBI R3 Japan, which plans to become SBI Solana Global soon. The venture aims to connect Japan’s regulated financial system with global blockchain liquidity and markets. Under the agreement, the foundation will join SBI R3 Japan alongside SBI and Sumitomo Mitsui Financial Group, one of Japan’s major banking groups. The company plans to change its name to SBI Solana Global, subject to the required corporate process. The partners announced the arrangement on July 13.
The venture will use Solana as its main blockchain infrastructure. SBI said the project will connect Japan’s financial assets, regulated institutions and legal framework with international blockchain markets.
The group said it aims to make Japan “a core hub for onchain finance in Asia.” That remains a business target. The announcement did not provide revenue forecasts, launch volumes or client commitments. It also did not say whether the renamed company will end any existing Corda-related work.
Stablecoins and tokenized assets lead the plan SBI Solana Global plans to support the issuance and distribution of yen stablecoins, including JPYSC. It will also work on tokenized corporate bonds, commercial paper, investment funds and real estate.
The company aims to provide one system for issuance, distribution and settlement rather than offering blockchain technology alone. This structure could allow issuers to manage an asset through its full onchain life cycle.
JUST IN: Japanese Financial Giant SBI Teams Up With Solana to Expand Onchain Finance
Japanese financial giant SBI Holdings and Solana Foundation announced a strategic partnership to develop Japan-originated onchain financial markets. As part of the initiative, Solana… pic.twitter.com/GNNxVQleT1
— Wu Blockchain (@WuBlockchain) July 13, 2026 The partners also listed cross-border payments, institutional onchain services and payment systems for AI agents among their planned business areas. The statement did not give launch dates for each product. It also did not explain which services will require separate approval from Japanese regulators. Any live offering will need to follow local rules for stablecoins, securities, custody and financial market operations.
SBI expands its regulated digital asset network The Solana deal adds to SBI’s wider digital asset program. As crypto.news reported, SBI and Startale developed a regulated yen stablecoin for payments, tokenized assets and onchain settlement. SBI also worked with Ripple to launch the dollar-backed RLUSD stablecoin in Japan through SBI VC Trade after regulatory approval.
SBI is also moving to acquire Bitbank, one of Japan’s established crypto exchanges. As previously reported, the planned ¥46.7 billion transaction would add trading, custody and lending services to SBI’s existing network. The Solana partnership creates another route for SBI to connect stablecoins and tokenized securities with institutional markets. However, the companies have not announced whether Bitbank or SBI VC Trade will distribute SBI Solana Global products.
Solana gains another institutional finance partner The partnership arrives as tokenized asset activity grows on Solana. As previously reported, the network recorded $5.77 billion in tokenized-asset spot volume during a record quarter and processed more than one billion weekly non-vote transactions. Solana has also attracted stablecoin settlement, tokenized equities and institutional trading projects, though activity levels can change with market conditions.
SBI and the Solana Foundation said they want to extend Japan-originated products into Asian and global markets. A “Japan-originated digital financial asset market” is the stated direction, but the partners have not named overseas markets, banking partners or settlement corridors.
They also did not disclose the size of the Solana Foundation’s investment. Their next steps will center on the company rename, product development and regulatory work needed to move stablecoins, tokenized assets and payments into live use.
Circle, the issuer of USD Coin (USDC), has minted $250 million worth of USDC on the Solana blockchain, as reported by social media account @Crypto_Crib_. This significant injection of liquidity adds over 10% to the existing USDC supply on Solana in a single transaction. This development is part of a broader trend where nearly $1 billion of USDC has been introduced to the Solana network over the past week, indicating a potential increase in institutional demand for stable assets on the platform. The move underscores Solana’s growing role as a settlement layer for stablecoin transactions, with USDC now comprising a substantial portion of Solana’s total stablecoin market.
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Key Takeaways Circle’s minting of $250 million USDC on Solana suggests increased liquidity and institutional interest in the network. The new USDC supply on Solana reflects a 10% increase, consistent with a positive outlook for the platform’s role in stablecoin transactions. Market pricing appears to be supportive of scenarios where Solana’s liquidity boost could impact its price positively. What to Watch Observers may focus on how this liquidity boost impacts Solana’s market price, particularly in the context of the platform’s overall growth and adoption. Market participants are currently evaluating whether Solana will reach $90 by the end of July, with active discussions about the implications of new liquidity. Future developments, such as additional USDC inflows or strategic partnerships, could further influence market sentiment and pricing scenarios related to Solana’s performance.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 20% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 11.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46% — — View market →
A substantial transfer of 191,806,130 USDT, equivalent to approximately $191.7 million, was made from an unidentified wallet to the Bybit cryptocurrency exchange, as reported by Whale Alert on July 13, 2026. This transfer comes amid Bybit’s ongoing Global Assets Fest, which offers a prize pool of $202,000 USDT and is expected to run until July 16, 2026. The transfer’s purpose remains unconfirmed, but such large movements typically suggest institutional activities like over-the-counter trade settlements or exchange wallet consolidations. Meanwhile, the exchange’s significant role as the world’s second-largest by volume adds further interest to this transaction.
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The transaction has garnered attention within the cryptocurrency markets, particularly those related to Solana. The large inflow of USDT to Bybit could indicate increased exchange activity, which may influence Solana’s price movements. The current market sentiment reflects a 20% probability that Solana will reach $90 by the end of July, as market participants assess potential impacts from increased activity.
Key Takeaways The transfer of 191.8 million USDT to Bybit appears to suggest potential institutional activity or wallet consolidations. Pricing suggests increased exchange activity could impact Solana’s price, with current odds indicating a 20% chance of reaching $90 in July. The event coincides with Bybit’s Global Assets Fest, potentially amplifying market activity and interest. What to Watch Market participants will be observing any further large transactions or announcements from Bybit that could shed light on this significant transfer. Additionally, any on-chain analysis revealing the transaction’s purpose could provide more clarity. The ongoing Global Assets Fest may continue to drive heightened activity and volatility in related markets, influencing sentiment around Solana’s price targets for July.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 20% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 11.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46.5% — — View market →
Japanese financial giant SBI Holdings and the Solana Foundation have entered into a strategic partnership to develop on-chain financial markets based in Japan.
Under the partnership announced today, the Solana Foundation will join SBI R3 Japan, a company in which SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three largest banking groups, are shareholders. The company is planned to be restructured under the name “SBI Solana Global” in the future.
The collaboration will focus on Japanese yen-backed stablecoins, tokenization of real-world assets (RWA) such as bonds, funds, and real estate, cross-border payment infrastructures, and on-chain financial services for institutional investors.
The parties aim to bring RWA and stablecoin products developed in Japan first to Asia, and then to global markets. SBI stated that the initiative will connect Japan’s regulated traditional financial markets with global blockchain liquidity.
Through this partnership, SBI Holdings, SMFG, and the Solana Foundation aim to develop new growth strategies and transform Japan into one of Asia’s leading on-chain financial centers.
SBI Holdings Chairman Yoshitaka Kitao stated that blockchain technology is playing an increasingly important role in the digitalization of financial markets. Solana Foundation President Lily Liu added that Japan’s strong financial infrastructure and regulatory structure offer significant opportunities for the development of corporate on-chain finance applications.
*This is not investment advice.
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Major crypto exchange OKX has sent out a notice to users of USDC on the Solana blockchain, announcing a temporary suspension of deposit and withdrawal services due to scheduled wallet maintenance.
OKX said the temporary pause is due to wallet maintenance and will take place in the next 24 hours, on July 14.
— OKX中文 (@okxchinese) July 13, 2026 Due to wallet maintenance, OKX said it will suspend USDC deposit and withdrawal services on the Solana network on July 14 at 14:30 (UTC+8), and resume them after the maintenance is completed.
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The exchange added that trading services will continue to operate normally as trading of related tokens will not be affected. Users are, however, urged to refrain from performing USDC deposits or withdrawals during the wallet maintenance period to avoid potential fund losses.
USDC on Solana is native to the Solana blockchain and can be swapped across chains. Circle has just issued an additional 250 million USDC on the Solana network.
Solana newsIn a recent milestone, Solana has crossed epoch 1,000, marking the finalization of 432,000 slots on Solana and highlighting over 5.5 years of Solana.
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1,000 epochs also marked 120.5 billion total non-vote transactions, $4.3 trillion traded on Solana DEXes, $193.5 trillion in stablecoins transferred on Solana rails, 2 years and 154 days of 100% availability, multiple unicorns building on Solana, 78,000 unique developers, and over 7.4 million commits on Git repos.
As reported by Wu Blockchain, Japanese financial giant SBI Holdings and the Solana Foundation have announced a strategic partnership to develop Japan-originated onchain financial markets.
As part of the initiative, the Solana Foundation will join SBI R3 Japan, which is set to be renamed SBI Solana Global, alongside SBI and Sumitomo Mitsui Financial Group (SMFG), one of Japan's three megabanks.
The partnership will focus on JPY stablecoins, tokenized real-world assets (RWAs) including bonds, funds, and real estate, cross-border payment infrastructure, and institutional onchain financial services. SBI said the initiative aims to connect Japan's regulated financial markets with global blockchain liquidity and position Japan as a hub for onchain finance in Asia.
OKX will temporarily suspend USDC deposits and withdrawals on the Solana network on July 14 while it completes scheduled wallet maintenance.
Summary
OKX will pause Solana USDC deposits and withdrawals while keeping related trading services fully operational. The suspension begins July 14 at 14:30 UTC+8 and resumes after maintenance without separate announcement. Solana remains a major USDC settlement network despite this short exchange-level maintenance window for users. The pause will begin at 14:30 UTC+8, equal to 06:30 UTC and 09:30 East Africa Time. OKX published the notice on July 13 and did not provide a fixed completion time. The exchange said it will restore the two services after the work ends.
The change applies only to deposits and withdrawals of USDC through Solana. OKX said users who already hold the token in their accounts do not need to take action. Trading for related assets will continue during the maintenance period. Other supported USDC networks were not included in the notice, so the announcement does not describe a platform-wide USDC suspension.
— OKX中文 (@okxchinese) July 13, 2026 OKX also advised traders to consider risks in margin and derivatives markets and add margin early where needed. That guidance matters for users who move USDC through Solana to fund positions. The notice does not promise that deposit networks will remain available in every region, so customers should rely on the options shown in their accounts.
Users should avoid transfers during the pause OKX asked customers not to send or withdraw Solana-based USDC after the maintenance window opens. The exchange warned that transfers made during the pause could create a risk of lost funds. Users should check the selected network before confirming any transaction, because USDC exists on several blockchains and each network uses a different deposit route.
Users should allow time for blockchain confirmations before the cutoff, since a transfer initiated earlier may arrive after the suspension begins.
The company described the work only as “wallet maintenance.” It did not report a hack, a Solana network outage, or a problem with USDC. OKX also said “trading will not be affected,” although that statement covers exchange trading rather than external transfers. The exchange did not explain whether pending transactions submitted before the cutoff could face delays.
Solana remains a major USDC settlement network USDC on Solana is a native version of Circle’s dollar-backed stablecoin rather than a wrapped token issued by another bridge provider. Circle lists Solana among the networks where it directly issues USDC. Its cross-chain tools can also burn native USDC on one supported network and mint the same amount on another, without using wrapped copies or outside liquidity pools.
As crypto.news reported earlier in 2026, Circle minted more than $10.5 billion in USDC on Solana within roughly one month. The same coverage cited about $650 billion in Solana stablecoin settlement volume during February. Those figures show the network’s large role in dollar-denominated transfers, but they do not indicate that OKX’s maintenance pause resulted from higher usage.
Exchange notice does not signal a Solana shutdown Solana has also attracted more payment and financial infrastructure. As previously reported, the Solana Foundation launched an institutional developer platform with Mastercard, Western Union and Worldpay as early users. The tools cover stablecoin issuance, payments and trading services. That expansion increases the need for exchanges and custodians to maintain reliable wallet systems as transaction routes grow.
The OKX notice remains an exchange-level service update, not a suspension of USDC on the Solana blockchain. Users can still trade supported assets inside OKX, but they should avoid Solana USDC deposits and withdrawals until the exchange restores access.
OKX said it may resume the services without another announcement, making the platform’s deposit page and status tools the main places to check before sending funds.
SBI Holdings is teaming up with the Solana Foundation to create Japan’s first on-chain financial market, with plans to bring Japan-developed stablecoins and tokenized real-world assets to Asian and global markets, according to a Monday statement.
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Under the agreement, the Solana Foundation will become a shareholder in SBI R3 Japan, which will be renamed SBI Solana Global, joining SBI Holdings and Sumitomo Mitsui Financial Group.
SBI Solana Global will support the issuance and distribution of stablecoins including JPYSC, tokenize assets such as corporate bonds, commercial paper, funds and real estate, build a cross-border payment infrastructure, deliver on-chain financial services for institutions, and develop AI-ready payment systems.
The collaboration seeks to combine Japan’s financial ecosystem and regulatory advantages with Solana’s blockchain network to establish Japan as a regional center for on-chain finance.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
While volatility continues in the leading cryptocurrency Bitcoin and altcoins, it remains unclear whether the bottom has been reached.
While some analysts argue that the bottom has been reached and the country has entered a consolidation phase, others suggest that further declines are possible.
At this point, the founder of Multicoin Capital, an investment company prominent in the crypto market, claims that the cryptocurrency market has bottomed out. He also expressed optimism regarding Solana Hyperliquid and ZCash.
Speaking on a recent podcast, Tushar Jain stated that the market has reached a significant turning point with its bottom and has entered a recovery phase.
Jain noted that investor sentiment has largely stabilized, but despite increased adoption within the blockchain ecosystem, cryptocurrency prices are lagging behind fundamental indicators.
According to the experienced analyst, this situation is one of the important signs that the market may be preparing for a new bull cycle.
Jain argued that many of the factors necessary for a bull market to begin have simultaneously materialized, describing the current situation as a “perfect storm.” He maintained that this environment could support a strong uptrend in the crypto market in the coming period.
However, Jain also shared the projects he sees as having the most potential in the long term. In this context, he pointed to Solana (SOL), Hyperliquid (HYPE), and Zcash (ZEC), expressing optimism about the long-term growth potential of these altcoins.
Jain stated that Solana is one of the most suitable infrastructures for spot trading and security tokenization, while Hyperliquid has become the clear leader in the on-chain derivatives market, and he expects the platform to continue its growth.
Jain also made noteworthy assessments about Zcash, stating that the project is one of the cryptocurrencies that best represents the “cypherpunk” spirit and arguing that it has the potential to enter the top five cryptocurrencies by market capitalization in the long term.
*This is not investment advice.
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Solana price has remained below the $80 psychological barrier after renewed macro pressure and weakening risk appetite pushed buyers into a wait-and-see mode despite an emerging bullish chart pattern.
Summary
Solana price remains below $80 as a falling wedge keeps the possibility of a bullish breakout intact. Liquidation clusters near $80-$81 could accelerate gains if buyers reclaim the psychological resistance. Macro headwinds and weak institutional flows continue to threaten the bullish setup despite resilient on-chain activity. According to data from crypto.news, Solana (SOL) price traded near $76.3 on July 13 after slipping almost 1% over the previous 24 hours. The token has spent the past several sessions consolidating as rising U.S. Treasury yields and persistent expectations that interest rates could stay higher for longer continued to pressure high-beta crypto assets.
Bitcoin held close to $64,000 during the same period, but institutional demand remained concentrated in larger-cap assets, limiting Solana’s ability to reclaim the $80 level.
Network activity has nevertheless remained resilient. Active addresses have stayed near yearly highs while transaction throughput continues to benefit from speculative meme coin trading and recent network upgrades. Yet those on-chain gains have not translated into sustained price appreciation as capital has largely circulated within the ecosystem instead of attracting fresh external inflows.
Combined with softer institutional appetite following a difficult second quarter for digital asset investment products, the imbalance has left SOL struggling to establish a fresh uptrend.
Commenting on the latest price structure, analyst Eliz argued that the recent pullback should not necessarily be viewed as bearish.
“$SOL is showing an orderly bearish consolidation following the rally. This type of price action is often a positive sign: the market is shaking off excesses without compromising the bullish structure.”
The analyst added that, “As long as the outlook remains unchanged, I continue to expect the upward trend to continue.”
Falling wedge keeps breakout hopes alive despite weakening momentum The 4-hour chart shows Solana carving out a falling wedge after rejecting the early July high above $83. The pattern has compressed price action between descending trendlines, with support holding near the Fibonacci 100% retracement around $75.4 while resistance has gradually fallen toward $78.5.
Solana price has formed a falling wedge pattern on the 4-hour chart — July 13 | Source: crypto.news A decisive move above the upper boundary would expose the 61.8% Fibonacci level near $78.6, followed by $79.6, before bringing the key $80 psychological barrier back into focus. A successful breakout could then open the path toward $81.8 and the recent swing high near $83.7.
Momentum indicators, however, remain mixed. The 4-hour RSI sits just below the neutral 50 level at around 40, leaving buyers without clear momentum. Meanwhile, the MACD remains below its signal line with only a modest improvement in histogram bars, suggesting bearish momentum has slowed but has not yet reversed.
The daily chart presents a similar picture. SOL continues to trade above the major Murrey Math support level at $75 while Chaikin Money Flow has recovered into positive territory near 0.10, showing that capital has continued to enter the asset despite the recent consolidation.
Solana daily price chart — July 13 | Source: crypto.news Still, the market has repeatedly rejected advances toward the 5/8 Murrey resistance near $81.25, reinforcing the importance of the $80-$81 region.
Derivatives positioning also identifies nearby trigger zones. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting around $79.5-$80, with another concentration extending above $81.
Solana liquidation heatmap | Source: CoinGlass A strong breakout through those levels could force leveraged short positions to close, adding fuel to an upside move. On the downside, notable long liquidation pockets have accumulated around $75 and just below $74.5, making those areas important support if selling pressure intensifies.
Macro headwinds continue to threaten the bullish setup Any bullish breakout remains dependent on improving macro conditions. Rising Treasury yields have increased the opportunity cost of holding non-yielding assets, prompting institutions to reduce exposure to more volatile layer-1 tokens such as Solana. Upcoming U.S. inflation data and Federal Reserve policy expectations are therefore likely to remain major catalysts for the crypto market over the coming weeks.
The bullish wedge thesis would weaken if SOL closes decisively below the $75 support zone, as that would invalidate the current pattern and expose the Murrey support near $68.75. A deeper correction could then bring the $62.5 pivot region back into play.
Conversely, sustained buying above $80 would break both the falling wedge and a multi-session resistance zone, increasing the probability of a move toward $83-$84 where the next significant supply cluster awaits.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Sanctum (@sanctumso), a Solana-native liquid staking protocol, has demonstrated notable resilience amid the ongoing bear market by achieving a 10% increase in its Total Value Locked (TVL) over the past month. This growth, reported by @SolanaFloor, positions Sanctum as the strongest performer among Solana’s top five protocols in terms of TVL. The protocol now ranks second on Solana by TVL, contributing over 20% of the chain’s total decentralized finance (DeFi) TVL. This development appears to reflect strong capital retention and increased demand for liquid staking tokens (LSTs) within Solana’s DeFi ecosystem.
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Key Takeaways Sanctum’s TVL growth appears consistent with increased demand for LST liquidity, despite broader market challenges. The protocol’s performance suggests a potential positive sentiment shift for Solana within the DeFi sector. The 10% TVL increase could indicate a favorable outlook for Solana’s ecosystem resilience and growth prospects. What to Watch Market participants may observe whether Sanctum’s growth influences broader confidence in Solana’s DeFi landscape. Key indicators to monitor include potential upgrades or innovations within Solana, such as the Alpenglow upgrade, and macroeconomic factors like ETF inflows and interest rate changes. Additionally, closely following Solana’s price movements and any regulatory developments could provide further context to Sanctum’s impact on the market.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 18.5% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 11.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46.5% — — View market →
SBI Holdings' blockchain initiative is turning to Solana for its stablecoin and RWA tokenization efforts.SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan's domestic market to global liquidity.SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs and developing payment infrastructure for AI agents among SBI Solana's functions. Japanese asset giant SBI Holdings' (8473) blockchain initiative is turning to Solana for its stablecoin and real-world asset (RWA) tokenization efforts.
SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan's domestic market to global liquidity, according to a Monday post on its website.
The SBI Solana Global joint venture, which also counts Sumitomo Mitsui Financial Group (SMFG) among its shareholders, now includes the Solana Foundation, the Zug, Switzerland-based organization that oversees the layer-1 network.
"By creating a new market for Japan-originated digital assets, the collaboration aims to establish Japan as a core hub for onchain finance in Asia," SBI Holdings said in the statement.
SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs and developing payment infrastructure for AI agents among the venture's functions.
The blockchain initiative previously centered around Corda, the permissioned blockchain developed by R3.
SBI Holdings has been active in expanding its digital asset business in recent months, agreeing to buy Japanese cryptocurrency exchange Bitbank last month for around $289 million.
Trump: The United States may take charge of managing the Strait of Hormuz in the future.
US President Trump posted that he may "operate" the Strait of Hormuz in the future, stating that if the US takes the lead in managing the Strait of Hormuz, the US will receive compensation. "We will become the guardians of the Strait of Hormuz."
3 minutes ago
US media: Trump's so-called "standing retaliation order against Iran" cannot take effect automatically after his death.
According to the Associated Press, in response to recent remarks by former U.S. President Donald Trump that he has ordered the U.S. military to launch large-scale strikes on Iran if he is assassinated by Tehran, there is no so-called "dead man’s switch" mechanism in U.S. law that automatically triggers military retaliation upon the president’s death. Under the 25th Amendment to the U.S. Constitution and the Presidential Succession Act, if the president dies, Vice President JD Vance will immediately assume the presidency and the role of commander-in-chief, with military command authority transferring simultaneously. The successor president will independently decide whether to execute, modify, or cancel the relevant orders of the predecessor. Experts note that while the U.S. has established government continuity and nuclear contingency plans, it has never allowed the military to automatically launch retaliatory actions based on preset orders after the president’s death.
3 minutes ago
Bitmine increased its holdings of 27,801 ETH last week, pushing its total staked amount to 4.917 million ETH, with projected annual staking revenue of $242 million.
Bitmine announced it purchased an additional 27,801 ETH over the past week, and will maintain its steady accumulation pace that has been in place since 2026. The company expects to achieve its so-called "Alchemy of 5%" target this year. As of July 12, Bitmine holds a total of 5.77 million ETH, of which 4.917 million ETH (accounting for 85% of its holdings) has been staked. At an ETH price of $1,820, the total value of its ETH holdings is approximately $9 billion. Based on an annual staking yield of 2.70%, the company’s annual staking revenue is around $242 million; if all its ETH is staked, annual staking rewards would reach $284 million. Additionally, Bitmine said it launched MAVAN (Made in American Validator Network), an institutional-grade Ethereum staking platform, this year, which will be opened to institutional investors, custodian institutions, and ecosystem partners. Bitmine also noted that it is currently the world’s largest ETH reserve institution, and ranks second globally in terms of crypto asset reserve size, trailing only Strategy, which holds 843,775 BTC. The company further stated that the GENIUS Act and the U.S. SEC’s Project Crypto will drive transformation in digital asset financial infrastructure, an impact comparable to that of the end of the 1971 Bretton Woods system on Wall Street’s modernization.
3 minutes ago
Hyundai Motor completes enterprise-level USDT cross-border settlement pilot, with cross-border fund transfers finished in just 7 minutes.
Tether announced that Hyundai Motor America and Hyundai Motor Mexico have completed an enterprise cross-border settlement proof of concept (POC) on the Avalanche network via Axiym, marking Tether’s first enterprise cross-border fund settlement pilot. During the pilot, Hyundai Motor America converted $20,000 into USDT, transferred the funds cross-border to Hyundai Motor Mexico, which then converted the amount back to USD. The entire cross-border transfer and verification process took an average of just 7 minutes, a notable acceleration compared to traditional bank cross-border remittances, which typically take 3 to 4 hours or longer. Tether noted that the pilot demonstrates stablecoins’ application potential in enterprise cross-border payments, fund management, and global fund allocation. In the next phase, the project will explore additional cross-border payment channels and local currency settlement scenarios, further evaluating stablecoins’ use in enterprise treasury management.
3 minutes ago
Trump: I am taking over the Strait of Hormuz, Iran got nothing at all.
US President Donald Trump said, “We are taking over the Strait of Hormuz. Iran has nothing right now. Iran is not getting anything.”
3 minutes ago
Iran's Strait Administration says resumption of transit will require waiting for the situation to stabilize.
Iran’s Persian Gulf Strait Administration (PGSA) stated that passage through the Strait of Hormuz is currently not feasible due to recent hostile actions by the U.S. military. Once stability and calm are restored, all applications will be reviewed per the scheduled timeline, and the licensing process will resume. It emphasized that the only way to obtain passage permits is through its official website. (Jinshi)
Dubai, United Arab Emirates, July 13th, 2026, Chainwire
Byreal, a decentralised exchange incubated by Bybit, today marked its first anniversary since launching on the Solana testnet on 30 June 2025. Over the past year, the platform has grown into a primary liquidity venue for tokenized real-world assets (RWA) and established itself as one of the first AI agent-native exchanges in DeFi.
Since launch, Byreal has recorded more than $3.7 billion in cumulative trading volume across 25.3 million total transactions. The platform has attracted close to half a million total users and paid out $2.8 million in fees to liquidity providers.
“One year ago, Byreal set out to prove that DeFi could match the liquidity and execution quality of a centralised operation while keeping our ecosystem authentic. Reaching $3.7 billion in total volume and becoming a leading venue for tokenized real-world assets on Solana validates that vision. This is only the foundation for what Byreal will build next,” said Emily Bao, Founder of Byreal.
Real-World Assets and Crypto Liquidity Hub
Byreal has established itself as a primary on-chain liquidity venue for tokenized equities and commodities. Partnerships with xStocksFi, Backpack, Tether Gold, and Sunrise have enabled more than 20 tokenized equities, including MU, SPCX, SNDK, NVDAx, and CRCLx, to trade with real depth on Solana.
Through deep integration with Bybit Alpha, Byreal became the top Day 1 trading volume venue on Solana for multiple new tokens, including BP, MON, ARX, SKR, and BRIB, bridging centralised exchange liquidity with on-chain markets from launch day.
Over the past year, Byreal has expanded its product suite across three verticals, now available on a single platform:
Real Farmer: the first copy-farming product on Solana Perps: offering up to 50x leverage trading for both equities and crypto, available 24/7 Predict: an on-chain market for trading real-world outcomes AI and Agent Infrastructure
Byreal positions itself as the most agent-native DEX on Solana, combining deep hybrid liquidity (CEX + on-chain), real-world asset support, and purpose-built tools for the next wave of AI-driven trading and DeFi activity. Incubated by Bybit and powered by Solana.
The platform has continued to build agent-native infrastructure over the past year, releasing tools that allow both human users and AI agents to participate in DeFi. Agent Skills is an open infrastructure layer that allows AI agents to swap, provide liquidity, trade perps, and participate in prediction markets. RealClaw is a personal AI agent that autonomously farms yield, trades spot, perps, and prediction markets, and manages positions on behalf of users.
Community Meme Contest
To mark its first anniversary, Byreal is hosting a community meme contest. Participants are invited to create and share memes celebrating the platform’s agent-native features, RWA integrations, and product innovations. Winners will receive prizes and recognition on official channels.
About Byreal
Byreal is a decentralised exchange (DEX) built on the Solana blockchain and incubated by Bybit. Byreal brings together trading, liquidity provision, and yield generation into one unified onchain platform, with execution quality and infrastructure designed to match the standards of a professional trading venue. Built from the ground up as an AI agent native DEX, Byreal enables both human users and AI agents to trade, swap, and provide liquidity programmatically.
For more information about Byreal, please visit: www.byreal.io
For updates, please follow Byreal’s social media: https://x.com/byreal_io
class=”ql-align-justify”>Byreal, a decentralised exchange incubated by Bybit, today marked its first anniversary since launching on the Solana testnet on 30 June 2025.
Over the past year, the platform has grown into a primary liquidity venue for tokenized real-world assets (RWA) and established itself as one of the first AI agent-native exchanges in DeFi.
Since launch, Byreal has recorded more than $3.7 billion in cumulative trading volume across 25.3 million total transactions. The platform has attracted close to half a million total users and paid out $2.8 million in fees to liquidity providers.
“One year ago, Byreal set out to prove that DeFi could match the liquidity and execution quality of a centralised operation while keeping our ecosystem authentic. Reaching $3.7 billion in total volume and becoming a leading venue for tokenized real-world assets on Solana validates that vision. This is only the foundation for what Byreal will build next,” said Emily Bao, Founder of Byreal.
Real-World Assets and Crypto Liquidity Hub
Byreal has established itself as a primary on-chain liquidity venue for tokenized equities and commodities. Partnerships with xStocksFi, Backpack, Tether Gold, and Sunrise have enabled more than 20 tokenized equities, including MU, SPCX, SNDK, NVDAx, and CRCLx, to trade with real depth on Solana.
Through deep integration with Bybit Alpha, Byreal became the top Day 1 trading volume venue on Solana for multiple new tokens, including BP, MON, ARX, SKR, and BRIB, bridging centralised exchange liquidity with on-chain markets from launch day.
Over the past year, Byreal has expanded its product suite across three verticals, now available on a single platform:
Real Farmer: the first copy-farming product on Solana Perps: offering up to 50x leverage trading for both equities and crypto, available 24/7 Predict: an on-chain market for trading real-world outcomes AI and Agent Infrastructure
Byreal positions itself as the most agent-native DEX on Solana, combining deep hybrid liquidity (CEX + on-chain), real-world asset support, and purpose-built tools for the next wave of AI-driven trading and DeFi activity. Incubated by Bybit and powered by Solana.
The platform has continued to build agent-native infrastructure over the past year, releasing tools that allow both human users and AI agents to participate in DeFi. Agent Skills is an open infrastructure layer that allows AI agents to swap, provide liquidity, trade perps, and participate in prediction markets. RealClaw is a personal AI agent that autonomously farms yield, trades spot, perps, and prediction markets, and manages positions on behalf of users.
Community Meme Contest
To mark its first anniversary, Byreal is hosting a community meme contest. Participants are invited to create and share memes celebrating the platform’s agent-native features, RWA integrations, and product innovations. Winners will receive prizes and recognition on official channels.
About Byreal
Byreal is a decentralised exchange (DEX) built on the Solana blockchain and incubated by Bybit. Byreal brings together trading, liquidity provision, and yield generation into one unified onchain platform, with execution quality and infrastructure designed to match the standards of a professional trading venue. Built from the ground up as an AI agent native DEX, Byreal enables both human users and AI agents to trade, swap, and provide liquidity programmatically.
For more information about Byreal, please visit: www.byreal.io
For updates, please follow Byreal’s social media: https://x.com/byreal_io
For media inquiries, please contact: [email protected]
SBI Holdings announced on July 13 that the Solana Foundation will acquire a stake in SBI R3 Japan, turning the entity into a new joint venture under the name SBI Solana Global. This move is set to support the migration of Japanese stablecoins, digital assets, and cross-border payments onto the Solana blockchain.
Strategic partnership strengthens digital finance expansionWith this strategic partnership, Sumitomo Mitsui Financial Group (SMFG), a major Japanese banking institution, will remain a shareholder alongside SBI Holdings and the Solana Foundation. The transition will see SBI R3 Japan rebranded as SBI Solana Global Co., Ltd., pending standard corporate procedures.
SBI Solana Global will develop five business lines based on the Solana network, including investments in stablecoins like the Japanese yen-pegged JPYSC. The company plans to launch tokenized Real-World Assets (RWAs) that may encompass corporate bonds, commercial paper, investment funds, and real estate.
In addition to these products, the joint venture aims to establish cross-border settlement infrastructure, on-chain institutional services, and payment systems designed for an anticipated era of AI-driven agents, SBI Holdings stated in the official press release.
SBI is aiming to create a unified platform managing issuance, distribution, and settlement, rather than focusing solely on blockchain provision for digital assets and payments.
Mini dictionary: Solana Foundation, a non-profit organization, supports development and adoption of the Solana blockchain, known for its high throughput and focus on decentralized finance applications.
Japan positioned as on-chain finance hubSBI Holdings outlined ambitions for Japan to become a central hub for on-chain financial services in Asia, with plans to expand business offerings to other Asian and global markets.
The company did not provide revenue forecasts, identify client commitments, or disclose financial terms regarding the Solana Foundation’s stake. No specific overseas markets or additional banking partners were mentioned in the statement.
SBI’s products must still receive regulatory clearance under Japan’s cryptocurrency and securities regulations before launch.
SBI’s broader move into digital assetsThe collaboration with Solana follows a series of digital asset initiatives by SBI Holdings. In March, SBI and blockchain developer Startale introduced a regulated yen stablecoin for payment and settlement services. Furthermore, SBI worked with Ripple to bring the dollar-pegged RLUSD stablecoin to Japan via its crypto subsidiary, SBI VC Trade, after obtaining relevant regulatory permissions. SBI continues to be Ripple’s largest domestic partner.
SBI Holdings is also in the process of acquiring Bitbank, a prominent Japanese cryptocurrency exchange, in a deal valued at 46.7 billion yen. Whether Bitbank or SBI VC Trade will offer SBI Solana Global’s new products has not been addressed.
Mini dictionary: Bitbank is a licensed Japanese cryptocurrency exchange, recognized for its large trading volumes and compliance with Japanese financial regulations.
Solana’s network momentum attracts institutional partnersBy partnering with SBI, the Solana Foundation gains access to institutional finance within Japan’s expanding blockchain ecosystem. Solana’s network has recently reported $5.77 billion in tokenized asset spot volume and surpassed one billion transactions in a single week.
At the time of the announcement, Solana’s SOL token traded at approximately $76.35.
Token / NetworkLatest Trading PriceRecent VolumeRecent Transactions/WeekSOL (Solana)$76.35$5.77 billion1 billion+Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana (SOL) has emerged as a focal point in the crypto market after surging decentralized exchange (DEX) activity and a confirmed technical breakout signaled renewed bullish momentum. Market analysts are closely watching Solana’s trajectory as the price retests important support levels and trading activity on the network continues to rise.
Technical breakout and price actionCurrently priced at $77.33, Solana shows a 24-hour trading volume of $1.68 billion and a market capitalization of $45.02 billion. Despite recording a 1.47% decline over the past day, market observers note the cryptocurrency’s technical setup remains constructive.
Crypto analyst Aman pointed to Solana’s confirmation of an inverse head and shoulders breakout, a chart pattern typically viewed as a precursor to trend reversals. The price now retests the $75 to $76 region, which has shifted from a resistance zone to a support base. This transition is widely interpreted by traders as a sign that buyers are maintaining control at these crucial levels.
A descending trendline is also converging toward Solana’s support zone, creating a compression pattern. Such formations often precede significant price movements, and technical observers suggest that a breakout above the trendline could propel SOL towards $84.
Market analysts highlight that if Solana can sustain support around $75 to $76 and overcome the descending trendline, the price may push to the $84 region in the near term.
Soaring DEX volume and DeFi dominanceData tracked by Tokens on Solana reveal that the network now ranks first among all blockchains for 24-hour spot DEX trading volume. This metric highlights Solana’s growing leadership in the decentralized finance (DeFi) sector.
The increase in DEX volume is seen as a sign of greater liquidity, consistent user activity, and expanding adoption of Solana’s fast, scalable blockchain ecosystem.
Mini dictionary: Tokens on Solana, an analytics platform that tracks various metrics and activities happening across decentralized applications on the Solana blockchain, providing insights into trading volume, user activity, and liquidity.
Market participants believe that sustained DEX trading volume on Solana may help the network reinforce its position among the leading Layer-1 blockchains.
MetricSolanaCompetitorsCurrent Price$77.33–24h Trading Volume$1.68 billion–Market Cap$45.02 billion–Support Zone$75 – $76–DEX Volume Ranking1st among all blockchainsICP, BNB behindPotential Upside Target$84–Short-term outlook and risksAlthough the broader crypto market remains cautious, with Bitcoin trading in a narrow range and altcoins under pressure, Solana’s improving DEX activity and supportive technical signals suggest that bullish sentiment could return if buyers regain control.
For Solana to continue its upward trajectory, market observers indicate the price must hold the $75 to $76 support area and decisively break through the ongoing downtrend line. Should momentum build, the price may challenge the $84 level. Conversely, failure to maintain these support zones may result in near-term weakness.
Traders emphasize the importance of ongoing support and rising volume for any sustained move higher, with the next upside target identified at $84 for SOL.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Circle has minted an additional $250 million of USDC on the Solana blockchain, according to a report by @martypartymusic. This issuance is part of a broader trend in 2026, where USDC minting on Solana has reached approximately $64.25 billion to $64.78 billion. The increased issuance suggests sustained demand for dollar liquidity on Solana, reinforcing its competitive position as a key settlement layer for stablecoin transactions and decentralized finance (DeFi) activities. Market participants appear to interpret this development as supportive of Solana’s price prospects, with the additional liquidity potentially influencing Solana’s ability to reach higher price targets in July.
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Key Takeaways The $250 million USDC issuance on Solana appears to suggest continued demand for stablecoin liquidity in the network. Markets seem to view the increased liquidity as consistent with a positive outlook for Solana’s price, possibly affecting its potential to reach $90 in July. The cumulative USDC issuance on Solana for 2026 highlights its growing role in stablecoin and DeFi ecosystems. What to Watch Observers are monitoring the impact of increased USDC liquidity on Solana’s price trajectory, particularly in relation to its potential to reach the $90 mark in July. Key indicators include market responses to liquidity changes and any significant price movements. Additionally, developments in the broader crypto market and macroeconomic factors could influence Solana’s price dynamics, affecting the likelihood of reaching set targets.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 20% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2.4% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.8% — — View market → August 1 2026 4% — — View market → August 1 2026 0.8% — — View market → August 1 2026 13% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 48% — — View market →
An exclusive study conducted by the Cambridge Center for Alternative Finance at the University of Cambridge has just redefined the environmental hierarchy of crypto blockchains. It indeed demonstrates that Ethereum significantly outperforms Solana in terms of energy intensity relative to its market value. A true revolution for the crypto ecosystem! Figures, methodology, and full analysis in the following paragraphs.
In brief Ethereum consumes about 7.87 GWh of electricity per year, a continuous power of 0.90 megawatt. Its energy intensity is the 2nd lowest in the PoS panel studied by Cambridge, behind BNB Chain. Solana shows the highest absolute consumption (13.48 GWh/year) and an intensity 8.5 times higher than Ethereum. The Merge reduced Ethereum’s continuous power demand from 2.4 GW to 0.90 MW, a drop of more than 99.9%. An annual electricity consumption of 7.87 GWh for Ethereum according to Cambridge The Cambridge Center for Alternative Finance has just published a report titled “Ethereum After the Merge – A Change in Power“. The document indicates that the overall annual electricity consumption of Ethereum is now about 7.87 gigawatt-hours (GWh). This corresponds to a continuous power demand of barely 0.90 megawatts (MW). Which keeps the crypto network more than 99.9% below its initial benchmark line of 2.4 gigawatts (GW).
To arrive at these precise data, Cambridge researchers audited the overall physical structure of the Ethereum network using a bottom-up approach. More concretely, they directly tested the electrical consumption of 20 client software combinations used by nodes on two types of hardware.
Results:
A typical residential setup consumes a median value of 18 watts. A professional workstation climbs to 153 watts. Result of a study conducted by the University of Cambridge on Ethereum’s energy efficiency (Source: Cambridge Center for Alternative Finance) Weighting these results by the actual node distribution, Cambridge obtains an average consumption of about 105 watts per node.
The study lists 8,522 identifiable full nodes:
36% operate on residential connections; 64% in cloud or enterprise infrastructures. The United States hosts 31% of these nodes, followed by Germany (16%), Finland (8%) and France (6%). These four countries alone therefore concentrate nearly 62% of the node network measured by Cambridge.
Ethereum outperforms Solana in terms of energy intensity Certainly, Ethereum uses more electricity than most small PoS networks due to the vastness of its validator set. When adjusting electricity consumption to market value, Ethereum’s efficiency becomes indisputable, however.
According to the University of Cambridge’s study report, the crypto network consumes only 33 kilowatt-hours (kWh) for every million dollars of market capitalization. It thus ranks as the world’s second most efficient blockchain behind BNB Chain.
Conversely, Solana records the highest absolute consumption among the PoS networks studied with about 13.48 GWh per year. Its energy intensity peaks at 283 kWh per million dollars of market capitalization.
This ratio demonstrates that Solana is about 8.5 times more energy-consuming than Ethereum to secure an equivalent economic value. Enough to sweep away the received idea that Solana’s throughput performance would guarantee greater efficiency than Ethereum’s historic architecture.
All the crypto networks included in the Cambridge comparison consume about 38 GWh cumulatively over the studied period. Other blockchains fall between 3.6 and 5.1 GWh. Such is notably the case for:
NEAR; Tron; TON. Cardano and BNB Chain remain below the gigawatt hour mark.
Cambridge however specifies an important point: the study does not claim that Ethereum consumes the least electricity in absolute value.
Ethereum: a carbon footprint now linked to the electricity mix Ethereum’s annual carbon footprint rises to only 2.37 kilotonnes of carbon dioxide equivalent (ktCO₂e). This represents a drastic reduction of 99.98% compared to the Proof-of-Work era. The network’s climate impact now equates to the annual carbon footprint of 900 British households.
Still according to studies by Cambridge researchers, 39.4% of the electricity consumed by the Ethereum network comes from renewable sources and 17% from nuclear. This yields a total of 56.4% low-carbon origin. The remaining 43.6% comes from fossil fuels, with natural gas alone representing 27.7% of the mix.
Alexander Neumüller, research lead of Cambridge’s energy program, summarizes this shift in one sentence:
Electricity is no longer the price of security under PoS.
Cambridge nevertheless specifies an important point: no per-transaction estimate has been made. The reason is that about 92% of Ethereum ecosystem transactions are now settled on layer 2 networks. Which renders the calculation incomplete.
Another clarification: electricity no longer constitutes the adjustment variable of security cost. The residual ecological footprint therefore depends exclusively on the decarbonization of national electricity networks hosting the nodes. Since the energy transition is progressing in the main host countries, Ethereum’s overall environmental footprint is structurally destined to continuously decrease over the coming years.
Ethereum after The Merge: a transformation acknowledged, but nuanced The 15 September 2022 Merge remains undoubtedly the turning point of this story. By definitively abandoning Proof-of-Work, the Ethereum network accomplished an unprecedented technical feat: modifying its engine mid-flight.
The Cambridge study demonstrates that this transition contracted Ethereum’s power demand by 3.5 orders of magnitude.
Decryption: if Ethereum’s electricity consumption before the upgrade was comparable to the height of the Statue of Liberty, the post-Merge network now represents only a simple “golf ball placed at its base.” A striking metaphor illustrating the immediate collapse of energy needs!
That’s not all! By replacing miners with validators staking Ether, Ethereum also dropped its continuous power demand from 2.4 gigawatts to 0.90 megawatts. A decrease exceeding 99.9%. This structural change explains why Ethereum’s energy consumption remains today a favored comparison topic against other proof-of-stake networks.
According to University of Cambridge researchers, a light verification could reduce hardware needs for future nodes. However, broader network participation could offset these gains. The report thus treats future demand as an unknown rather than an acquired downward trajectory.
In any case, the Cambridge study confirms Ethereum’s ecological success after its technological mutation. By surpassing Solana in energy intensity, the crypto network demonstrates its ability to combine economic power and environmental responsibility. Enough to consolidate its hegemony with institutional investors!
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TL;DR BlackRock’s BUIDL fund exceeded $900 million in assets on Avalanche after growing by approximately 105% in just one week. The tokenized U.S. Treasury fund now manages around $2.87 billion in total assets, making it one of the world’s largest on-chain Treasury products. Ethereum remains the largest BUIDL deployment, while Solana ranks third, reflecting growing multi-chain adoption of tokenized assets. The milestone highlights accelerating institutional interest in tokenized Treasuries as real-world asset adoption continues to reshape blockchain-based finance. BlackRock’s tokenized U.S. Treasury fund BUIDL has crossed another milestone, with assets on the Avalanche blockchain surpassing $900 million, underscoring the growing institutional appetite for real-world assets (RWAs) on public blockchains.
Fresh data from RWA.xyz shows the Avalanche allocation more than doubled in just one week, helping lift the fund’s total assets under management (AUM) to approximately $2.87 billion.
The rapid expansion adds to evidence that tokenized Treasuries are becoming one of crypto’s fastest-growing sectors as traditional financial institutions increasingly adopt blockchain infrastructure for cash management and settlement.
Launched in March 2024 by BlackRock in partnership with Securitize, BUIDL invests primarily in short-term U.S. Treasury bills, cash and repurchase agreements while allowing qualified investors to hold fund shares on-chain. Since its debut, the product has expanded beyond Ethereum to several networks, including Avalanche, Solana, Aptos, Arbitrum, Optimism, Polygon and BNB Chain.
According to the latest RWA.xyz figures, Avalanche now hosts roughly $902.7 million of BUIDL assets, representing an increase of about $436 million, or 105%, over the past week. Ethereum remains the largest deployment with just over $1.02 billion, while Solana ranks third with more than $616 million.
Treasury Product Metrics Data | Source: RWA.XYZ Avalanche strengthens its position in institutional tokenization The sharp rise in BUIDL assets has reinforced Avalanche’s role as one of the leading destinations for tokenized financial products.
Earlier this year, analysts noted that a major allocation into BUIDL pushed Avalanche’s total tokenized asset market above $1 billion, making it the second-largest blockchain for institutional RWAs behind Ethereum. The latest growth suggests that momentum has continued as asset managers seek networks capable of supporting compliant, high-value financial products with lower transaction costs and faster settlement.
Unlike stablecoins, tokenized Treasury funds generate yield from underlying government securities while offering investors the operational benefits of blockchain-based ownership, including near-instant transfers and continuous settlement.
The broader tokenized Treasury market has also expanded rapidly. Industry data indicates that the sector now manages well over $15 billion in on-chain Treasury assets, with BlackRock’s BUIDL remaining among the largest products globally by assets under management, having been recently made available on OKX.
Institutional adoption continues to reshape crypto markets The latest milestone reflects a broader shift as traditional finance firms increasingly view blockchain networks as infrastructure rather than speculative ecosystems.
Major financial institutions including Franklin Templeton, Janus Henderson, Apollo, and others have introduced tokenized investment products over the past two years, while regulators in several jurisdictions have shown growing support for real-world asset tokenization through clearer digital asset frameworks.
Market observers increasingly see tokenized Treasuries as one of the strongest use cases for blockchain technology because they combine regulated fixed-income products with programmable settlement and improved capital efficiency.
With BUIDL approaching the $3 billion mark and Avalanche emerging as one of its fastest-growing deployment networks, the data suggests institutional capital continues flowing toward tokenized government securities even as broader crypto markets experience periods of volatility. For many analysts, that trend signals that tokenization is evolving from an experimental concept into a core component of modern financial infrastructure.
Crypto markets held firm on Sunday, with Bitcoin (BTC) near $64,000, as digital assets absorbed fresh US strikes on Iran and the closure of the Strait of Hormuz once more.
The muted move breaks from earlier in the war. Bitcoin fell about 2% and slid toward $61,000 after June’s escalation, a far steeper reaction than today’s 0.33% dip.
US Launches Third Round of Strikes on IranIran declared the Strait of Hormuz closed and fired on a commercial vessel. The move defied a US demand to guarantee passage through the waterway.
In response, US Central Command (CENTCOM) launched a third round of strikes. Forces hit roughly 140 targets.
Those targets included missile and drone sites, naval assets, and coastal surveillance posts.
“During three nights of strikes this week, CENTCOM has struck more than 300 targets… to degrade Iran’s ability to attack civilian mariners and commercial vessels freely transiting the strait,” CENTCOM said.
The conflict widened across the Gulf. Iran claimed attacks on Bahrain, Kuwait, Jordan, Qatar, the UAE, and Oman.
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#بيان | تعرب وزارة الخارجية عن إدانة واستنكار المملكة العربية السعودية بأشدّ العبارات استمرار إيران في سلوكها المزعزع لأمن المنطقة واستقرارها، وانتهاكها لمبادئ القانون الدولي وميثاق الأمم المتحدة وميثاق منظمة التعاون الإسلامي وقواعد حسن الجوار، وذلك بتكرار الاعتداءات الإيرانية… pic.twitter.com/PlXIfEyKjR
— وزارة الخارجية 🇸🇦 (@KSAMOFA) July 12, 2026 Crypto Shrugs Off the EscalationDespite the escalation, major tokens barely moved. Bitcoin posted a 0.33% daily loss. Ethereum (ETH) traded around $1,801, up 2.18% over the past 7 days. XRP (XRP) and Solana (SOL) each fell less than 2% on the day.
Crypto Markets Show Resilience as US-Iran Conflict Escalates. Source: BeInCrypto MarketsOil markets, shut for the weekend, could open higher on Monday. Brent held near $76 a barrel on Friday. Another prolonged closure could rattle energy markets and lift prices as traders price in tighter supply.
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Widespread Disruption Hits Phantom Users@phantom, one of the most widely used self-custody wallets in the crypto space, suffered a significant service outage on July 11, 2026, leaving thousands of users unable to access their portfolios during peak trading hours. The wallet, which first gained traction through the @Solana $SOL ecosystem before expanding to Ethereum and other networks, acknowledged the problem publicly, confirming that some users were experiencing degraded performance.
The service interruption began during peak trading hours across multiple time zones, affecting users primarily on the Solana and Ethereum networks. Many users reported seeing zero balances or frozen price data across various decentralized applications connected to their Phantom wallets.
According to analysts, the fault originated in Phantom's data-aggregation layer rather than its key storage infrastructure, leaving user funds secure on-chain while exposing weaknesses in functional reliability. In practical terms, that layer sits between the blockchain and the user interface, fetching balances, token prices, and related state to help the wallet display information and draft transactions.
Service Restored, But Questions RemainThe outage began around 13:00 UTC and appeared fixed by 16:40 UTC, hitting Phantom during peak trading hours across Solana and Ethereum. Within hours of the initial incident, Phantom confirmed that its mobile app had returned to normal operation and apologised to affected users.
Over 161 user-submitted outage reports were logged within 24 hours, with confirmed issues spanning the mobile app, Phantom backend, and browser extension.
Repeated outages risk eroding Phantom's market position as users prioritise wallets with consistent access during critical trading windows. While the swift resolution and transparent communication helped contain the fallout, the incident underlines how dependent DeFi activity has become on wallet infrastructure that can falter under pressure. Users wanting to monitor Phantom's service health going forward can check its official status page at status.phantom.com.
Sources:
Phantom Official Status Page - Incident History
StatusGator - Phantom Mobile App Outage Tracker
CryptoRank - Phantom Wallet Outage Report
Deposits of Solana on Aave v4 have doubled in the past month, according to data shared by @tokenterminal. This significant increase highlights a growing interest in decentralized finance (DeFi) on the Solana blockchain, as Aave’s latest version continues to attract capital. The expansion of Aave’s Unified Liquidity Layer beyond Ethereum suggests a broadening adoption of Solana-based yield infrastructure. This development comes amidst a wider trend of institutional-grade DeFi liquidity migrating to Solana, reflecting its emerging role in the crypto ecosystem.
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Key Takeaways The doubling of Solana deposits on Aave v4 appears to reflect heightened interest in Solana’s DeFi capabilities. Market pricing suggests that the rise in deposits is consistent with increased capital inflow to Solana-based yield mechanisms. The surge in deposits could indicate a strategic shift toward Solana’s DeFi infrastructure, which might influence Solana’s competitive position. What to Watch In the coming weeks, watch for further capital movements into Aave v4 and other Solana-based DeFi platforms, which could indicate sustained growth momentum. Key indicators will include any announcements of upgrades or partnerships involving Solana’s infrastructure, as well as regulatory developments impacting DeFi. Additionally, any significant fluctuations in Solana’s market pricing will be closely observed for their potential impact on DeFi adoption trends.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 21.5% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2.8% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 5.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 10.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46% — — View market →
The U.S.-Iran standoff in the Strait of Hormuz is approaching a dangerous tipping point, with military conflicts escalating anew.
US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.
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Iran launches an attack on the U.S. missile base in Kuwait.
According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."
1 hours ago
A whale has collateralized 1.56 million kHYPE on the HyperlendX platform, borrowing 1.06 million WHYPE.
According to OnchainLens monitoring, a crypto whale deposited approximately $107.21 million in assets on the HyperlendX platform and borrowed around $70.94 million using this deposit as collateral. The address currently holds 1.56 million kHYPE as collateral, has borrowed 1.06 million WHYPE, with a health factor of 1.31, indicating relatively prudent operations. Additionally, the whale has staked 12,305 HPL.
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During the World Cup, high-frequency sports prediction whale swisstony emerged, with its account notching up over 139,000 predictions and generating nearly $20 million in profits.
Data from prediction market platform Predict.fun shows that top high-frequency sports trader swisstony emerged during the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico). Since entering the market in July 2025, the whale has generated total profits of $18.648 million, with a single largest profit of $1.2 million, having made a total of 139,304 predictions, and its profit curve has been steadily rising. Its World Cup prediction record is impressive: it excels in contrarian trades when popular odds are overvalued, amassing huge profits through high-frequency, small-margin trades. While average per-trade gains are modest, its stable win rate leads to strong cumulative returns. In June, the whale earned around $9.5 million by contrarian betting on popular teams including England, Spain, and Belgium, briefly becoming the platform’s 5th highest-earning user. Currently, swisstony is focusing on the France vs Spain match on July 14 (local time), placing heavy positions across multiple sub-markets for the game. Its core strategy remains making large volumes of "No" predictions—especially for low-probability exact scores—paired with some handicap and over/under bets. The whale consistently ranks at the top of prediction market monthly profit leaderboards, with a single-day profit exceeding $2 million. Analysts believe swisstony likely uses automated tools or real-time data to assist its trading.
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Data: 48% of Nasdaq 100 constituent stocks have corrected over 20% from their respective peaks, while 64% still trade above their 200-day moving average.
In the Nasdaq 100, 48% of constituent stocks have corrected at least 20% from their respective peaks. This proportion has doubled over the past 12 months, but remains lower than the 60% level recorded before the market bottomed at the end of March, and is still short of the extreme 80% hit during the 2022 bear market. Meanwhile, 64% of constituents are still trading above their 200-day moving average, near the year's highest level — a figure that stood at just 38% before the market bottomed on March 30. The rally in the U.S. stock index is increasingly relying on a small number of stocks for support.
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Analysis: BTC reclaiming the $70,700 level is the primary signal of a trend reversal, with some long-term investors accumulating at lower levels.
Analyst Darkfost points out that Bitcoin trading below the Short-Term Holder (STH) cost base is a hallmark of every bear market cycle. BTC has remained below this level for over nine months. The STH cost base currently stands at $70,700 and has consistently acted as a resistance level. In May, Bitcoin attempted to test the nearby level of roughly $82,000, only to pull back immediately. Since then, the STH cost base has dropped significantly, signaling that some investors have accumulated positions at lower prices, lowering their average holding cost. However, the price has yet to effectively hold above this key level. The analysis notes that a sustained recovery above the STH cost base will mark the first positive signal. Bitcoin is currently trading in a range of $59,000 to $64,000, a notable distance from the $70,700 resistance level. If BTC can later break through and hold above this level effectively, it will mean the entire short-term holder cohort has exited unrealized losses, and market sentiment could shift from bearish defense to structural recovery. Conversely, if resistance persists, the STH cost base will continue to decline, potentially extending the bear market bottoming cycle.
TL;DR The Solana three-day SuperTrend indicator has turned bullish for the first time since October, hinting at a potential trend reversal. Around 100 million SOL left exchanges while 1.4 million new addresses joined the network, pointing to growing adoption and reduced sell-side pressure. Analysts say Solana must secure a three-day close above $85 to clear a major resistance zone and target $100 and $127. A drop below $70 would invalidate the bullish setup and could expose SOL to a deeper correction toward $53. Solana may be showing early signs of a trend reversal after months of weakness, but analysts say the cryptocurrency still faces a crucial technical hurdle before a broader recovery can take shape.
Recent chart analysis suggests momentum is improving, supported by stronger on-chain activity and declining exchange reserves. However, a large historical supply zone between $76 and $85 continues to stand in the way of a sustained rally. If buyers fail to overcome that resistance, the recovery could lose steam despite improving fundamentals.
Bullish Technical Indicators Begin to Align According to the latest chart analysis shared by crypto analyst Ali Martinez, Solana’s three-day SuperTrend indicator has turned bullish for the first time since October, signaling what could be the beginning of a new market cycle.
The previous bearish signal accurately captured roughly a 74% correction in SOL’s price, making the latest flip noteworthy for technical traders. The accompanying Wyckoff Accumulation chart also suggests Solana may be transitioning from a prolonged accumulation phase toward a potential markup phase, provided buyers maintain control above key support levels.
The Wyckoff structure identifies a completed “spring” and a successful last point of support (LPS), patterns that are often associated with renewed buying interest before a larger move higher. While technical formations are not guarantees of future performance, they are widely monitored by market participants when assessing trend reversals.
Exchange Outflows Point to Lower Selling Pressure on Solana Technical indicators are being reinforced by improving on-chain data.
Over the past week, approximately 100 million SOL reportedly left exchange reserves, reducing the amount of tokens immediately available for sale. Large exchange outflows are often interpreted as investors transferring assets into self-custody or staking rather than preparing to sell, which can ease short-term selling pressure.
Network activity has also strengthened. During the past three weeks, roughly 1.4 million new addresses joined the Solana network, suggesting continued user growth despite broader market uncertainty. Recent industry data likewise shows expanding activity across the Solana ecosystem, including higher real-world asset adoption and increasing transaction volumes.
These trends suggest that underlying network participation continues to improve even as price remains below previous highs.
Heavy Resistance on Solana Still Blocks the Path Higher Despite the improving outlook, Solana still faces a significant technical challenge.
The UTXO Realized Price Distribution (URPD) shows that approximately 125 million SOL previously changed hands between $76 and $85. Investors who bought within that range may choose to sell once prices revisit their entry points, creating substantial overhead resistance.
SOL/USD Chart | Source: X Analysts believe a convincing three-day close above $85 would clear much of this supply zone and potentially open the way toward higher liquidity targets around $100 and $127. Until that breakout occurs, price action could remain volatile as buyers attempt to absorb selling pressure from holders trapped during previous declines.
While optimism has returned, the bullish outlook depends on Solana maintaining its current support structure.
A decisive break below $70 would invalidate the current bullish setup and cause the SuperTrend indicator to flip bearish once again. Under that scenario, technical analysts see the next major support zone near $53, where historical trading activity suggests stronger buying interest could emerge.
For now, the crypto appears to be at an important crossroads. Improving network metrics, exchange withdrawals, and bullish chart signals are strengthening the recovery narrative, but the market must still overcome one of its largest historical resistance zones before traders can confidently call the start of a broader uptrend.
An 18-year-old is making every defender at the 2026 FIFA World Cup look like they’re standing in quicksand. Lamine Yamal, Barcelona’s teenage phenom, leads the entire tournament with 5.8 successful dribbles per 90 minutes.
Several unofficial fan tokens trading under the ticker $YAMAL have appeared on the Solana blockchain, riding the hype of his performances. None carry endorsement from Yamal, Barcelona, or the Spanish national team. And with market caps typically sitting below $10,000, they’re less “investment opportunity” and more “digital sports memorabilia that nobody asked for.”
Dribbling at a generational level Here’s some context for that 5.8 number. At certain stretches of the tournament, Yamal has averaged as high as 12 successful dribbles per 90 minutes. That figure matches Jay-Jay Okocha’s record from the 1998 World Cup among players who logged over 200 minutes of action.
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Okocha was 25 when he set that mark. Yamal is 18.
The young winger has completed over 30 successful dribbles across the tournament so far. On July 10, 2026, he earned Man of the Match honors in Spain’s 2-1 victory over Belgium, leading his team in both dribble attempts and completions.
From pitch to blockchain Multiple $YAMAL tokens have been minted on Solana, capitalizing on the teenager’s tournament-defining performances. The tokens are entirely speculative. They have no official backing, no utility beyond trading, and no connection to Yamal’s actual brand or likeness rights.
Trading volumes on these tokens have been limited. The sub-$10,000 market caps suggest that even the most degen traders aren’t convinced there’s real upside here.
What this means for investors The $YAMAL tokens themselves are not worth a serious investor’s time. Sub-$10,000 market caps with negligible liquidity mean that even a small buy order can move the price dramatically, and getting out of a position can be nearly impossible when interest evaporates.
For the official fan token market, projects like Chiliz and its Socios platform, Yamal’s dominance is a double-edged sword. On one hand, it proves there’s genuine demand for athlete-linked digital assets. On the other, the proliferation of unofficial tokens on permissionless chains like Solana undercuts the value proposition of licensed, regulated alternatives.
The risk landscape here is straightforward. These unofficial tokens could face legal challenges if rights holders decide to act, their liquidity profiles make them essentially untradeable at scale, and their value is entirely dependent on continued media attention around a single player’s tournament performance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL), the blockchain platform known for its high-speed transactions, is facing a critical technical juncture as its price hovers near key support in the $75 region. The asset recently slipped below a rising price channel after struggling to overcome a descending trendline multiple times.
Key resistance and downside targetsSOL is caught between pressure from recent sellers and the possibility of a rebound toward higher resistance. Bulls must reclaim and hold the $78-$79 range for the market to shift toward recovery. If this happens, upward momentum could target the $95 mark, although earlier resistance levels could slow any climb.
Repeated attempts to overcome resistance can gradually weaken it by absorbing sell orders, but Solana still has not managed a daily close above critical levels. Unless buyers defend $78 and above, bears could remain in control and threaten deeper price declines.
Continued rejection from the $78-$79 resistance and a recent breakdown below the channel continue to pressure SOL’s structure, leaving the asset vulnerable to further losses unless buyers can reverse the move quickly.
If the near-term recovery fails, price watching focuses on the $73-$74 region. A stronger bearish scenario may bring the $60 zone back into view, representing a sizable drop from the current price.
Key LevelBullish ScenarioBearish Scenario$78–$79Reclaim opens path toward $95Failure increases risk of downside$75Possible support for bounceBreak exposes $73–$74$60Major support if lower levels breakTarget in strong bearish case$95Next major resistance if bullish reversalUnlikely without reclaim above $78.50Short-term structure and outlookRecent price action shows Solana losing the lower edge of its former rising channel. Sellers have maintained control, pushing the asset below prior support and weakening its recovery outlook. Multiple failed rebounds and a pattern of lower highs signal waning demand in the short term.
Immediate attention centers on the $75 area as buyers attempt to stabilize price. If SOL manages to move back above $78.50, its short-term structure would improve and downside risk may ease. Otherwise, the chart suggests ongoing weakness, and failure to hold above $75 would likely open the door to further declines.
Solana’s next moves will depend on whether buyers can reclaim lost support zones or if sellers push the price toward the $73-$74 range or even lower.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
Solana has reclaimed the top position in global blockchain network activity, reflecting a surge in both on-chain participation and technical optimism for the network, as industry observers point to growing interest from developers, traders, and everyday users.
Solana outpaces rivals in network throughputIn a new set of rankings published by blockchain analytics company Chainspect, Solana registered a network throughput of 1,635 transactions per second (TPS), putting it well ahead of other major blockchains. Second place went to Internet Computer, which recorded 1,035 TPS.
These figures, provided for July 10, give both Solana and Internet Computer a clear lead over their nearest competitors. BNB Chain, widely used for decentralized applications and trading, processed only 179 TPS, while Aptos posted a similar TPS rate.
Other notable layer-1 and payment networks lacked comparable processing power. TRON and Stellar, focusing heavily on stablecoin and cross-border activity, processed between 130 and 150 TPS. Base, Polygon, Fogo, and Keeta Testnet each recorded under 100 TPS, signaling a significant gap with the top blockchains in terms of on-chain activity.
BlockchainTransactions Per Second (TPS)Solana1,635Internet Computer1,035BNB Chain179Aptos170–180TRON130–150Stellar130–150Base<100Polygon<100Fogo<100Keeta Testnet<100Analysts note that Solana’s ability to process large volumes of low-cost transactions has made the network attractive for both established and emerging projects, retaining high user and developer engagement even as market volatility persists.
The Internet Computer, developed by the DFINITY Foundation, maintains a strong presence as a scalable smart contract platform, but still trails Solana’s current throughput levels.
Mini dictionary: Chainspect, a blockchain data and analytics platform, provides real-time monitoring and comparative research on various blockchain networks’ performance and activity.
On-chain activity and technical indicators signal optimismAccording to analysts, signs of strong activity in Solana align with bullish technical developments. Ali Charts, a well-known market analyst, highlighted a renewed buy signal after Solana’s price climbed above $78 on June 30, triggering a positive SuperTrend reading for the first time in weeks. This technical setup is seen as reinforcing investor sentiment.
Ali Charts emphasized that a buy signal was generated on Solana after surpassing the $78 threshold, with the SuperTrend indicator turning bullish.
Supporting these bullish signals, on-chain data also points to major capital flow into long-term holding strategies. Between June 24 and July 3, about 1.5 million SOL tokens were withdrawn from exchanges, indicating that holders preferred to move their coins to secure self-custody rather than sell. In the same period, Solana’s network recorded an increase of 1.6 million wallet addresses, further suggesting rising participation.
Key resistance levels and market risksDespite bullish momentum, analysts caution that Solana faces significant resistance in the $79 to $85 range. The UTXO Realized Price Distribution data shows that around 105 million SOL have previously changed hands within this zone, posing a potential supply barrier if upward price movement continues.
According to technical projections, if Solana’s price breaks above the $85 level, further upside targets could be set at $100 and $127. Conversely, a decline below $74 may signal a reversal and increase the potential for a pullback down to the $53 support level.
On-chain and technical indicators both highlight the importance of the $85 resistance and the $74 support in determining short-term trends for Solana.
These developments unfold at a time when the broader crypto sector is searching for new growth drivers, adding focus to networks that demonstrate both robust user demand and technical capability.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
Phantom, the self-custodial wallet that dominates Solana’s ecosystem, confirmed on July 12 that some users are experiencing degraded performance when trying to send tokens or execute swaps. The wallet’s other features, like checking balances, are reportedly working fine.
What we know so far Phantom’s public acknowledgment was brief and to the point: some users are hitting walls when attempting sends and swaps, the team is investigating, and updates will follow. The company hasn’t disclosed how many users are affected, which specific tokens or chains are involved, or what’s causing the degradation.
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Phantom supports multiple blockchains including Solana, Ethereum, Bitcoin, and Polygon. A send-and-swap issue could be chain-specific, or it could be something deeper in Phantom’s own infrastructure. Without clarity on the root cause, users are left guessing.
Phantom has been through this before. Back in April 2024, users reported similar frustrations with Solana token sends specifically. At the time, community feedback pointed fingers at network congestion and app updates as likely culprits. Whether the current situation shares the same DNA remains unclear.
Why this matters for the Solana ecosystem Originally built exclusively for Solana before expanding to other chains, Phantom has positioned itself as the go-to self-custodial option for anyone interacting with Solana-based DeFi protocols, NFT marketplaces, and meme coin markets.
Phantom competes with options like Solflare on Solana, MetaMask across EVM chains, and a growing roster of multi-chain wallets vying for market share.
For now, Phantom users who need to move funds urgently might consider using alternative wallet interfaces that connect to the same underlying accounts. Since Phantom is non-custodial, your assets aren’t locked inside the app itself. They’re on-chain, accessible through any compatible wallet that accepts your recovery phrase.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Two hackers today spent a total of 11.71 million DAI to buy ETH.
According to Yu Jian Monitoring, two hackers purchased Ethereum today. The first hacker, who stole funds from Coinbase users, spent 7.378 million DAI to acquire 4,049.7 ETH in the early hours of today, at an average price of $1,822. The second is an address that received ETH from Tornado Cash last November; it spent 4.34 million DAI to repurchase 2,405 ETH two hours ago, at an average price of $1,804.
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Polymarket's weekly revenue topped $11 million this week, hitting an all-time high.
According to Defillama data, Polymarket's weekly revenue exceeded $11 million this week, hitting an all-time high, while the protocol's cumulative revenue has surpassed $97 million.
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The volume of ETH bridged from Ethereum Mainnet to Robinhood Chain has surged roughly tenfold in a week, surpassing $100 million.
According to Token Terminal data, over the past week, the volume of ETH bridged from Ethereum mainnet (L1) to Robinhood Chain (L2) has surged roughly 10-fold, surpassing $100 million. Robinhood Chain uses ETH as its native gas token, as noted. Token Terminal stated that if adoption of the chain continues to grow, it could become a new, significant source of demand for ETH.
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Binance Wallet has integrated Robinhood Chain.
According to official announcements, Binance Wallet has integrated Robinhood Chain. Users can directly access and trade tokens on Robinhood Chain via the Binance Wallet App and browser extension, delivering a more convenient multi-chain operation experience.
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Institutions: HBM4 prices could rise to $4–5 per thousand bits in the second half of this year.
DigiTimes reports that fueled by surging AI demand and structural production capacity bottlenecks, the price of next-generation HBM4 may jump from $2 per kilobit to $4–5 or higher in the second half of 2026. This is partly due to the extreme complexity of HBM4 manufacturing: its production cycle lasts four to six months, and initial yields are notably low. Additionally, HBM production consumes approximately three times the wafer capacity of standard DDR5 DRAM, severely restricting the total memory volume manufacturers can output at existing facilities. (Jinshi)
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The deadline for Bitcoin data limit proposal BIP-110 is approaching, with miner support for the proposal remaining near zero.
Bitcoin’s BIP-110 proposal is approaching its early August deadline, yet miner support for the measure remains below 1%, signaling significant resistance to the initiative. Officially titled “Temporary Soft Fork for Reducing Data”, BIP-110’s core controversy centers on restricting non-financial data on the Bitcoin blockchain. The proposal aims to cap OP_RETURN data capacity within a year, ban most arbitrary data exceeding 256 bytes from being written to the chain, and limit certain script formats primarily used for data storage. Supporters argue the plan would refocus the Bitcoin network on its payment function and reduce node operational burdens; opponents counter that it would escalate policy disputes over block space usage into consensus rule changes, effectively determining which transactions qualify as “acceptable”. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Saylor remarked, “There are 110 things more dangerous than junk data”, adding that the proposal would “turn the junk data debate into a consensus change, invalidating some currently valid transactions that pay fees”. Back stated that if supporters cannot accept the status quo, they may choose to fork, but “Bitcoin will not join”. Data shows BIP-110 uses a user-activated soft fork mechanism with a 55% miner signaling threshold, though miner signaling rates have never topped roughly 1% to date, with the current cycle sitting at 0 and no major mining pools backing the measure. The share of nodes running BIP-110 software also remains in the single digits, primarily from Bitcoin Knots users. The proposal’s current signaling cycle will end around block height 959,615, with a voluntary lock-in period expected in early August and activation targeted for around September. If broad support is still absent by then, the initiative could result in a minority of nodes forming a separate chain.
Hyperliquid’s native token HYPE has held firm above key support levels, with analysts pointing to strong breakout potential if current momentum continues. The project, an on-chain perpetual trading platform, has gained attention for its aggressive buyback and token burn strategy, which has significantly reduced circulating supply and reinforced long-term value for investors.
Technical strength and support levelsAt $67.53, HYPE has seen $268.62 million in 24-hour trading volume and holds a market capitalization of $17.08 billion. Despite largely stable movements in recent sessions, technical indicators suggest upward momentum could strengthen if buying pressure persists.
Crypto analyst Umair Orakzai described HYPE’s price consolidation as being within an ascending triangle pattern, which typically favors a continuation of the current trend. Orakzai highlighted the importance of maintaining support at $62 and closing above the key $68.60 resistance level to confirm a breakout.
Analysts note that securing a close above $68.60 could drive momentum toward the $80 mark, while losing the $62 support might prompt a retracement to the $57 range, aligning with the current value area low (VAL).
LevelPriceImplicationSupport$62Drop below may signal decline to $57Resistance$68.60Breakout above may target $80Market Cap$17.08 billionCurrent capitalizationDeflationary tokenomics and buybacksHyperliquid stands out among decentralized perpetual trading platforms for its strongly deflationary token model. The protocol dedicates nearly 97% of trading revenue to buy back and permanently remove HYPE tokens from circulation through burns, significantly outpacing the deflation rates of most major cryptocurrencies.
Live supply data shows the annual growth rate for HYPE is just 0.14%. For comparison, Ethereum’s supply increases by 0.83% per year, while Solana adds 3.76%.
The project’s statistics indicate that nearly 45 million HYPE tokens have already been burned through ongoing buybacks. This mechanism creates what is commonly referred to as a flywheel effect, where increased trading activity results in larger revenues, fueling more aggressive buybacks and accelerating supply reduction.
Mini dictionary: Hyperliquid is a decentralized perpetuals trading platform offering high-speed, on-chain order books and unique tokenomics based on real trading revenue.
Future outlook and market contextDespite bullish forecasts and the ongoing buyback program, HYPE’s price has recently remained range-bound. However, market sentiment across the crypto sector has shifted positive as Bitcoin extends its advance, and many traders are closely watching for a decisive move in HYPE’s price action.
Whether HYPE maintains its floor at $62 and surpasses $68.60 is expected to determine its next major move, with a potential run to $80 if momentum resumes. Conversely, a break below support could see prices test the $57 level.
Hyperliquid’s sustained buybacks and token burns are designed to support its future valuation, with many market participants seeing this model as a key factor in its appeal. The next trading sessions are considered crucial for HYPE’s direction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Erling Haaland is having the kind of World Cup that makes you wonder if the tournament’s scriptwriters have been watching too many sports movies. Seven goals in five matches, a round-of-16 win over Brazil, and Norway in the quarterfinals for the first time in the country’s history. But the most interesting ripple effect isn’t happening on the pitch. It’s happening on the Solana blockchain.
The $HAALAND meme token and Sorare NFTs linked to the Manchester City striker have seen significant trading surges as Norway’s improbable tournament run captures global attention. None of it is officially endorsed by Haaland.
From the pitch to the blockchain The $HAALAND meme token, trading on Solana, has experienced rising valuations that track almost perfectly with Norway’s advancement through the tournament bracket.
Sorare NFTs featuring Haaland have followed a similar trajectory, with trading activity climbing as his goal tally grows. The fantasy football platform’s digital cards have become collector targets, driven by the same impulse that makes people bid up rookie baseball cards during a hot streak.
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The critical detail that investors need to internalize: Haaland has no official connection to any of these assets. The price action is entirely fan-driven speculation.
Norway’s fairy tale campaign Haaland, who captains the Norwegian side, has been the engine behind everything. His 7 goals in 5 matches place him at the top of the tournament’s scoring charts, and his 59 goals in 52 total appearances for Norway reflect a player operating at a level that most international strikers never reach. He’s scored in each of Norway’s last twelve competitive matches.
The round-of-16 victory over Brazil was the moment that turned casual interest into full-blown hysteria.
Now Norway faces England in the quarterfinals in Miami. Both coaches, Thomas Tuchel for England and Ståle Solbakken for Norway, have pointed to the striker matchup between Haaland and Harry Kane as the defining subplot.
Haaland has been vocal about what this tournament means to him personally, describing it as the fulfillment of a long-held dream after Norway missed previous World Cups entirely.
What this means for crypto investors The $HAALAND token is a textbook case of attention-driven trading. Its value correlates with Norway’s results, which means investors are essentially betting on match outcomes through a crypto instrument that has zero connection to the actual player or team.
The Sorare NFTs carry slightly more structural value because they’re tied to a functioning fantasy sports platform, but even those prices are inflated beyond normal levels by World Cup fever.
The absence of any official Haaland endorsement makes this particularly risky, as there’s no underlying partnership, revenue stream, or utility anchoring the token’s price.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A George Costanza-themed meme coin launched on @solana has surged 100% in a single day, drawing a wave of Seinfeld memes across crypto social media and prompting traders to declare the arrival of "The Summer of George." The token, $george, has quickly become one of the more talked-about plays in the @solana trenches as the broader Solana meme coin scene heats up again.
Pop Culture Meets the Solana Trenches The token's rapid rise fits a familiar pattern in Solana's fast-moving meme economy. Meme coins typically attract attention because they move faster than larger cryptocurrencies and rely heavily on online momentum. In this case, the catalyst is a recognisable face from mainstream pop culture. George Costanza, the iconic Seinfeld character played by Jason Alexander, carries instant recognition well beyond the typical crypto crowd, giving the token a narrative hook that traders can rally around.
Social media continues to play a major role in that cycle. A tweet from the right influencer or a well-orchestrated meme campaign can transform a coin from a mere digital doodle into a sought-after play in the blink of an eye. The $george coin is a textbook example: coordinated meme posting on X and elsewhere appears to have driven the initial price spike, with community members leaning hard into the "Summer of George" framing, a reference to a beloved Seinfeld episode in which Costanza resolves to live life entirely on his own terms.
Wider Solana Meme Coin Momentum The token's breakout is landing at a moment when Solana's meme market is broadly back in form. Solana meme coin activity is accelerating again, with wallet creation, token launches, and trading volumes all increasing during recent months, highlighting how internet-driven trading culture continues to shape activity across the ecosystem. Platforms like Pump.fun, where $george originated, have made launching a new coin almost frictionless. Pump.fun's platform simplifies the token creation process, allowing anyone to launch their own meme coin with no coding experience necessary and for just a few dollars.
That accessibility cuts both ways. Meme coins live and die by sentiment, and a 100% single-day move is eye-catching, but traders in the Solana trenches know these gains can evaporate just as fast. Many meme coins still carry major risks, including scams, volatility, and rapid collapses. Between July and August 2025, only 0.7 to 0.8% of token launches on Pump.fun made it onto a major crypto exchange. The vast majority simply fade away within hours.
For now, $george is capturing the moment. Whether it can hold the community's attention long enough to extend the "Summer of George" beyond a single news cycle remains the key question.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
Sources:
Memeburn: Solana Meme Coin Trading Rebounds as Pump.fun Activity Climbs Again
BeInCrypto: Pump.fun DEX Volume Hits a New ATH as Solana Meme Coins Rebound
Solana has a token problem, and it’s not exactly a secret. Between memecoins that evaporate overnight and project treasuries that seem to exist primarily for insider enrichment, the ecosystem has developed a reputation that makes institutional capital nervous. MetaDAO thinks it has a fix.
The Solana-based governance platform held its inaugural Owners Meeting on July 10 at Colosseum HQ in San Francisco, gathering founders, investors, and even futarchy theorist Robin Hanson to discuss a concept called “ownership coins.” The pitch is straightforward: tokens that give holders actual, enforceable control over project treasuries, intellectual property, and operations, rather than the usual governance theater that most DAOs deliver.
Decision markets over ballot boxes Instead of traditional token-weighted voting, MetaDAO uses decision markets. Rather than voting yes or no on a proposal, participants put money where their mouths are. The market prices in whether a decision will actually benefit token holders. Larger expenditures and token issuances need market approval before they go through.
This mechanism is designed specifically to address the alignment problems that have plagued Solana token launches. When a project’s treasury can’t be raided without the market pricing in that destruction, the economics of rug-pulling get significantly less attractive. The pre-commitment structure MetaDAO is building aims to tie token values directly to the performance of the underlying businesses they represent.
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The META token and market reaction MetaDAO’s own META token has been trading recently between $3.6 and $3.8. The token saw a 27% surge following its Coinbase listing in May 2026, which gave it the kind of liquidity access that smaller governance tokens typically dream about.
That listing matters beyond just the price bump. Coinbase adding META signals a level of institutional validation for the futarchy governance model that MetaDAO has been developing since the project’s founding, which occurred between 2022 and 2024 with early investment support from Paradigm.
Why Solana specifically needs this The core issue is misalignment. Project founders issue tokens, accumulate treasury funds, and then face minimal accountability for how those funds get deployed. Traditional DAO voting mechanisms haven’t solved this because they’re trivially gameable by insiders who hold large token allocations from the start.
MetaDAO’s ownership coins attempt to solve this by making the governance mechanism itself resistant to capture. When every significant financial decision has to survive the scrutiny of a decision market, insiders can’t simply vote themselves favorable outcomes using their own token allocations.
The Owners Meeting brought together builders who are already working on real-world asset tokenization, indicating that the model isn’t purely theoretical. This event follows MetaDAO’s prior engagement with the broader Solana community through events like Breakpoint and partnerships supporting hackathon-to-ICO initiatives.
What investors should watch For traders watching META specifically, the Coinbase listing has established a liquidity baseline that didn’t exist before. The token’s relatively tight trading range between $3.6 and $3.8 suggests the market is still pricing in what the Owners Meeting and its ownership coin framework actually mean for long-term value.
MetaDAO needs other projects to actually use its framework for ownership coins to matter beyond its own ecosystem. The Owners Meeting’s attendee list included active builders rather than just spectators, indicating that adoption pipeline is forming.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana on-chain activity has dropped to a level never seen since late 2023, further underscoring the structural factor that could derail a strong price recovery.
According to a recent DeFi Report, the Solana network did $51M in total fees in Q2 2026, marking a 43% drop from Q1 and 78% on a year-on-year (YoY) basis. Compared to past quarters, this was the lowest fees since Q4 2024.
Source: Blockworks Since fees track the value paid by users transacting on the chain, it meant the network activity had dropped too. This was not surprising given the broader crypto market downturn since last October.
With the downturn, Solana’s traction as a ‘homebase for speculation’ also contracted over the period. But the report projected that the bear market bottom may have bottomed out in Q2, citing stablecoin growth, tokenization, and perpetual volume surge.
However, it looks like this may have bottomed in Q2. We’re now beginning to see some green shoots within the ‘trenches.’
Despite the said recovery in new narratives, capital inflows into the SOL token were still at a two-year low.
Solana: Assessing SOL’s price recovery According to Glassnode, SOL’s Realized Cap, which tracks on-chain capital inflows into the SOL market, has dropped from a record $97B last year to $73B in 2026. This was the lowest level the metric has dropped since late 2024.
Source: Glassnode In other words, SOL saw $24B in capital outflows in the past few months. The bearish trend is yet to reverse despite the recent 28% relief recovery.
During the broader recovery in early June, SOL bounced from $60 to $84, effectively reclaiming its 2026 range-low of $75 (orange channel). Since February, SOL has been range-bound between $98 and $75.
Source: SOL/USDT, TradingView It broke below the range after broader market risk-off triggered by Strategy’s BTC sale in early June. If the recent momentum holds, bulls could defend $75 and eye the mid-range level at $88 or the upside target at $92 (200-day Moving Average, blue line).
If so, that would imply a 13% to 20% upside potential assuming BTC does not post more losses in early Q3.
Separately, Web3 researcher Zach XBT reported that an early Solana whale has been exploited and 180.9K SOL ($14.2M) stolen. Should the hacker cash out the funds, it could trigger a short-term sell-off and test the $75 support.
Final Summary Solana fees plunged 78% YoY to $51M, the worst since late 2023 SOL reclaimed the 2026 price range, but $75 support could be tested if $14M stolen funds hit the market
Norway hasn’t been to a World Cup quarterfinal in 28 years. Now, with Erling Haaland leading the charge into a July clash against England at Miami’s Hard Rock Stadium, the football world is paying attention. So is the crypto market.
Solana-based meme tokens tied to the Norwegian striker and Viking culture have seen sharp surges in trading volume, riding the wave of global attention that comes with a cinematic underdog story.
Viking chants meet speculative charts The tokens in question, $HAALAND and $VIKINGROW, are exactly what they sound like: meme coins built on hype rather than utility. Their trading volumes have spiked in direct correlation with Norway’s match results during the tournament.
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The “Viking Row” chant, which Norway’s supporters have turned into a viral phenomenon across Miami Beach, has apparently done double duty as both a fan ritual and an informal marketing campaign for the $VIKINGROW token.
Haaland’s NFT market gets a second wind The NFT market around football collectibles has seen renewed interest, particularly on Sorare, the fantasy football platform built on blockchain technology. Sorare lets you buy, sell, and trade digital player cards that function like traditional trading cards but live on the Ethereum blockchain.
Haaland’s digital collectibles on the platform have drawn fresh attention during the World Cup. One notable Haaland NFT previously sold for 265.1 ETH, which at the time was worth over $600,000. Trading volumes on Sorare have climbed during the tournament.
Sorare occupies a unique position in the NFT landscape because it combines actual game mechanics with collectibility. You’re not just buying a JPEG. You’re buying a card you can use in fantasy competitions.
Kraken’s big stage Behind all the meme coin chaos and NFT trading sits a more institutional story. Kraken, the crypto exchange, is FIFA’s official crypto partner for this tournament cycle. That means the exchange’s branding is woven into broadcasts, stadium signage, and digital content reaching billions of viewers worldwide.
For Kraken, a Norway-England quarterfinal is close to a best-case scenario. Two European teams with massive, crypto-curious fan bases playing in Miami, a city that has aggressively positioned itself as America’s crypto capital.
Crypto exchanges have pulled back significantly on sports partnerships since the FTX collapse made the entire category radioactive. Kraken maintaining its FIFA relationship signals both financial health and a long-term bet that mainstream sports audiences remain the most efficient path to retail adoption.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
England midfielder Jordan Henderson called Erling Haaland one of the best in the world ahead of their July 11 quarterfinal clash in Miami Gardens.
The $HAALAND token and Solana’s meme coin machine A Solana-based meme token trading under the ticker $HAALAND has gained noticeable traction during the tournament. It has no official connection to the Manchester City striker.
Haaland’s tournament appearances have corresponded with trading momentum in these meme tokens. The tokens don’t represent equity, utility, or any claim on Haaland’s earnings.
These unofficial athlete tokens have become increasingly popular as speculative instruments during major sporting events. They operate in a gray zone: not explicitly illegal in most jurisdictions, but carrying zero endorsement from the players whose names they borrow.
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Sorare NFTs and the Haaland premium Sorare, the fantasy football platform built on blockchain, has seen renewed interest in Haaland-linked NFTs during the 2026 World Cup. His digital cards previously generated sales totaling 265.1 ETH during the 2022-2023 period, and the current tournament has reignited demand.
Unlike meme tokens, Sorare NFTs carry actual utility within the platform’s fantasy game ecosystem. Owning a Haaland card lets you field him in competitions, but secondary market pricing still tracks real-world performance.
Prediction markets feel the Henderson effect Reports of an injury to Henderson during the tournament triggered increases in betting volumes on Polymarket, the decentralized prediction platform. When Henderson’s fitness came into question, traders rapidly adjusted their positions on England’s quarterfinal prospects.
What this means for crypto traders watching the World Cup The 2026 World Cup has intensified fan engagement with crypto platforms in a way that previous tournaments only hinted at. Sorare’s fantasy game, Polymarket’s prediction contracts, and Solana’s meme token ecosystem are all feeding off the same attention economy.
Unofficial tokens like $HAALAND can surge on a single goal and collapse just as fast when the final whistle blows. There is no fundamental floor under an asset whose entire value proposition is borrowed celebrity.
Sorare NFTs offer a slightly more grounded play, given their utility within the platform’s game mechanics. A Haaland card bought at peak World Cup hype may not hold its value once club football resumes and attention disperses.
Polymarket presents perhaps the most intellectually honest version of sports-crypto convergence. You’re making a prediction, staking capital on it, and the outcome is binary.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A new platform called Solana Music is preparing to launch with an ambitious goal: take on Spotify’s dominance in music distribution and monetization. The project plans to leverage the Solana blockchain to let artists distribute and earn from their work, bypassing the traditional intermediaries that have defined, and frustrated, the music industry for decades.
The Nina Protocol cautionary tale Anyone evaluating Solana Music’s chances should study Nina Protocol carefully. Launched in 2021 on Solana, Nina was built on nearly identical principles: artist-first distribution, zero commission on sales, full revenue retention for creators. Co-founded by Jack Callahan, Mike Pollard, and Eric Farber, all from DIY music backgrounds, the platform earned the nickname “Bandcamp for the Discord generation.”
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Nina did a lot of things right. It evolved meaningfully over time, adding fiat and USDC payment support in its version 2 update in late 2023. A mobile app followed in 2024. By late 2025, the platform had attracted roughly 40,000 monthly users and hosted over 20,000 music releases.
And yet, on May 28, 2026, the Nina team announced a phased shutdown beginning in mid-July 2026. Despite meaningful growth, the project couldn’t overcome the fundamental challenges of building a sustainable business at the intersection of blockchain and consumer music.
What Solana Music needs to get right Third, and this is the one that ultimately sank Nina, there’s the sustainability question. Platforms that take zero commission need alternative revenue models. Nina notably never launched a dedicated token, which may have limited both its fundraising options and its ability to bootstrap network effects through token incentives.
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.
TLDR: CASHCAT price moved toward $0.20 after an early trader sold 15.04 million tokens for 580 ETH, converting an initial $838 purchase into about $1.04 million. The completed sale produced an estimated 1,183x return, although the same holdings could have reached about $2.9 million at a later market valuation. CASHCAT has expanded from Robinhood Chain to Solana through Sunrise, giving the token access to new wallets, exchanges, and liquidity pools. Hyperliquid has introduced CASHCAT perpetual futures with up to 3x leverage, adding short exposure and greater liquidation risk during volatile sessions. The CASHCAT price climbed toward $0.20 on July 11 after an early trader recorded one of the token’s largest documented exits. The wallet turned a 0.49 ETH purchase, worth about $838, into 580 ETH valued near $1.04 million. The completed sale delivered an estimated 1,183x return.
Bitcoin held near $64,000, while Ethereum traded close to $1,800. The CASHCAT price gained about 15% over 24 hours, strongly outperforming the wider market.
The rally also comes as CASHCAT expands beyond Robinhood Chain. Solana access through Sunrise and a new Hyperliquid perpetual market have widened its trading routes.
Lookonchain reported that the wallet bought 15.04 million CASHCAT with 0.49 ETH. It later sold the full position for 580 ETH, securing more than $1 million in realized profit. The tracker estimated that holding longer could have lifted the position’s value near $2.9 million.
The full exit matters since many meme coin success stories rely on unsold balances. This wallet converted the entire position back into ETH. That move provides a clearer measure of realized gains during the CASHCAT price rally.
Lookonchain also suggested the wallet could belong to crypto creator Brian Jung. No public on-chain evidence confirms that link. Jung separately posted that he cashed out more than $1 million from CASHCAT and missed an additional seven-figure upside.
Other early traders show the timing risk around the Robinhood Chain token. One wallet reportedly turned an $86 purchase into about $1.6 million after selling part of its holdings. Another trader sold 20 million tokens for only $711 before the same balance later reached a multimillion-dollar estimated value.
Solana Expansion Adds New Liquidity and Trading Routes CASHCAT began as a community token linked to Robinhood’s earlier Cash Cat name. Its story gained traction after Robinhood Chain launched and attracted trading across new ecosystem assets. The Solana meme coin now trades across more than one venue and network.
Solana confirmed that CASHCAT went live through Sunrise. The platform brings external assets onto Solana through issuer-designated canonical tokens. The listing gives users access through Solana wallets, aggregators, and decentralized exchanges.
Hyperliquid added CASHCAT perpetual futures with leverage capped at 3x. Traders can now take long or short exposure without holding the spot token. Derivatives may lift turnover, although they also create faster liquidation risk during sharp price moves.
CASHCAT price traded near $0.199 during the latest DEX Screener check. The Robinhood Chain pair held about $11.5 million in liquidity and a market capitalization near $197.8 million. Its 24-hour volume reached roughly $31.9 million, split between $16.3 million in buys and $15.6 million in sells.
Source: Coingecko That liquidity remains small compared with the token’s market value. Large exits can therefore move the CASHCAT price quickly, especially after leveraged markets attract short-term traders. Copycat contracts on Solana also raise verification risks for buyers searching the ticker across different pools.
Key Takeaways Ethereum stands as the dominant smart contract platform with strong institutional backing and an established DeFi landscape Solana delivers thousands of transactions per second with minimal costs, attracting gaming and consumer-focused applications Ethereum represents a more conservative choice; Solana carries greater risk alongside potentially larger returns Developer activity continues to strengthen across both networks as their ecosystems evolve A growing number of investors maintain positions in both assets instead of choosing a single blockchain Ethereum holds the position as the premier smart contract platform globally. It supports countless decentralized applications, DeFi protocols, and NFT marketplaces. Additionally, it serves as the foundation for numerous tokenized real-world assets and corporate blockchain initiatives.
Ethereum (ETH) Price Ethereum transitioned to a Proof-of-Stake consensus mechanism, dramatically reducing energy consumption while enabling token holders to generate staking income. The platform boasts crypto’s most extensive developer base and maintains billions locked within DeFi protocols.
The primary challenges facing Ethereum include elevated transaction costs during network congestion and processing speeds that lag behind more recent blockchain platforms.
Solana emerged specifically to address these performance and affordability limitations. The network processes thousands of transactions every second while maintaining exceptionally low fees. This capability has positioned it as a preferred platform for gaming applications, payment systems, meme tokens, and consumer-oriented products.
Solana’s developer ecosystem has expanded rapidly. Institutional participation has increased significantly, with many industry observers considering it Ethereum’s primary long-term competitor.
Solana (SOL) Price The platform’s weaknesses include a comparatively smaller overall ecosystem and heavier reliance on sustained network expansion to support its valuation.
Evaluating Growth Trajectories and Risk Profiles Ethereum typically receives recognition as the more conservative option. It currently dominates in institutional acceptance, DeFi infrastructure, and asset tokenization. Should blockchain technology achieve deeper integration into worldwide financial systems, Ethereum stands well-positioned to capitalize.
Solana potentially offers greater appreciation prospects. The platform remains earlier along its development path. Should developers continue building applications and consumer adoption accelerate, potential gains could exceed Ethereum’s — though accompanying risks are similarly elevated.
These two blockchains address somewhat distinct market segments. Ethereum commands institutional finance and sophisticated decentralized applications. Solana has established dominance in rapid, cost-effective consumer transactions and decentralized exchange activity.
Certain investors perceive them as direct competitors for identical user bases. Others recognize them as fulfilling separate requirements and maintain exposure to both networks.
Single Position or Diversified Approach? Numerous long-term cryptocurrency investors maintain holdings in both Ethereum and Solana. The rationale centers on each ecosystem addressing different market areas. Dual ownership mitigates the risk associated with concentrating on a single blockchain while providing participation in each platform’s expansion.
For those preferring reduced volatility and proven infrastructure, Ethereum presents the more convincing case. For investors seeking elevated growth potential who can tolerate additional risk, Solana offers a persuasive proposition.
Both platforms will likely maintain prominent positions within digital assets. The optimal selection depends on individual objectives, risk capacity, and investment timeline.
Cryptocurrencies exhibit extreme price volatility. Conduct thorough independent research and invest only capital you can afford to lose completely.
