Yassine Bounou, better known as Bono, has now saved 7 of 9 penalties he’s faced across his World Cup career. That’s a 78% save rate in the highest-pressure moments in football.
For context, most elite goalkeepers save roughly 20-30% of penalties they face.
The penalty whisperer’s résumé Bounou’s reputation as a penalty-saving specialist was cemented during Morocco’s historic run at the 2022 Qatar World Cup. He kept clean sheets in knockout victories over both Spain and Portugal.
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He holds a joint record for most World Cup penalty saves by a goalkeeper at four, including those shootout stops against Spain.
Now playing in the 2026 World Cup, Bounou has continued adding to his legend. He’s already recorded notable penalty saves against the Netherlands.
Only two penalties have beaten him across all nine attempts.
From the pitch to the blockchain Bounou’s rising global profile has caught the attention of Solana’s memecoin ecosystem, where a token trading under the ticker $Bono has emerged.
The $Bono token doesn’t appear to have any official endorsement from Bounou himself, who maintains more traditional commercial partnerships like his ambassadorship with Maroc Telecom. There are no established digital asset protocols directly tied to his achievements.
Why athletes keep moving crypto markets For investors with exposure to Solana’s broader ecosystem, the volume generated by event-driven memecoins can temporarily boost network activity and fee revenue. Whether that translates to meaningful value for SOL holders depends entirely on scale, and most individual memecoins don’t move the needle on their own.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kylian Mbappé just did something absurd. The French striker scored his 20th goal in just 20 World Cup matches on July 9, giving France the lead against Morocco in the 2026 tournament. One goal per game across three World Cups is the kind of stat that makes you double-check the math.
But this isn’t just a sports story. Within hours of the ball hitting the net, unauthorized Solana-based meme tokens bearing Mbappé’s name saw significant trading volume spikes. Sorare NFT cards featuring the striker also saw renewed interest.
The meme token machine turns on Since the 2026 World Cup kicked off in June, unauthorized Solana meme tokens linked to the French forward have experienced trading volume surges that correlate directly with his on-field performances. None of these tokens carry any formal affiliation with Mbappé, the French Football Federation, or FIFA.
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In early 2024, Mbappé’s X account was hacked, and the compromised account promoted a fraudulent Solana token. That token briefly rocketed to a market cap of $464 million before collapsing entirely.
Sorare and the legitimate side of sports crypto Mbappé became a Sorare investor and global ambassador back in June 2022. A rare Sorare NFT card featuring Mbappé has previously sold for $66,850 on secondary markets.
Mbappé’s scoring trajectory across three tournaments tells the story of escalating demand. He scored 4 goals during France’s victorious 2018 campaign, then 8 in the 2022 tournament where France finished as runners-up. Heading into the Morocco match, he had already netted 7 goals in the 2026 edition alone.
What this means for crypto investors For traders tempted by these tokens, the risk profile is about as aggressive as it gets. There is no underlying asset, no revenue model, no team, and no endorsement.
The $66,850 sale price for a rare Mbappé card suggests there is a real market for high-end sports NFTs. NFT markets broadly have cooled significantly from their 2021-2022 peaks, and Sorare’s platform activity has experienced its own fluctuations.
Traders navigating this environment would do well to remember the $464 million lesson from 2024. When a token’s entire thesis is “famous person exists,” the exit door tends to be much smaller than the entrance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ousmane Dembélé buried France’s second goal against Morocco in the 66th minute of their World Cup 2026 quarterfinal on July 9, and within moments, a different kind of scoreboard lit up. Trading activity in the Solana-based DEMBELE meme token surged alongside a cluster of low-cap World Cup tokens, proving once again that global sporting events have become live catalysts for crypto speculation.
The meme token machine runs on goals The DEMBELE token, a fan project built on Solana, saw renewed interest as France advanced deeper into the tournament bracket. It sits alongside other low-cap speculative plays like WORLDCUP26 and FWC26, all trading on decentralized platforms where liquidity is thin and volatility is extreme.
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Prediction markets also saw elevated volumes around the France-Morocco match. Platforms that let users bet on match outcomes, goal scorers, and tournament brackets have been running hot throughout the 2026 World Cup, with quarterfinal stages historically driving the sharpest upticks in participation.
Kraken, Panini, and the legitimacy layer Kraken was named FIFA’s Official Crypto Exchange Supporter for the 2026 tournament on June 9, just a month before the quarterfinals kicked off. That deal represents one of the highest-profile partnerships between a crypto company and a traditional sports governing body, putting Kraken’s brand in front of an audience that numbers in the billions across the tournament’s run.
Panini, the collectibles giant, also entered the blockchain arena by issuing 2026 World Cup Prizm NFTs. Dembélé features among the players available in the collection.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Once again, XRP has encountered a wall of resistance in its most recent attempt at recovery. The asset briefly moved toward the declining trendline that has capped every rally since June after rising from the $1.02-$1.04 support zone. As was to be expected, sellers intervened close to the trendline and moving average intersection, pushing XRP back toward $1.09.
Technically, the picture is still conflicting. Positively, XRP is still printing higher lows than the June bottom, indicating that buyers are not giving up on the asset entirely. Bearish momentum is much weaker than it was a month ago, as the RSI has also recovered from oversold territory and is still above 40.
XRP/USDT Chart by TradingViewThe issue is that XRP is still stuck below the 50-day EMA, which is around $1.12, and the 100-day EMA, which is around $1.17. Every rally is technically a relief bounce within a larger downtrend until those levels are regained. The descending resistance line is currently the most crucial level to monitor.
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The short-term bearish structure would be invalidated by a breakout above it, opening the door to $1.17 and possibly $1.27, where the 200-day EMA is waiting. Another test of local lows is likely if XRP is unable to break through and loses support around $1.05. For the time being, XRP is engaged in a conflict between increasing momentum and stubborn overhead resistance.
Shiba Inu among weaker playersAmong the most popular meme assets, Shiba Inu still has one of the weakest charts. The token recently made an attempt to rise above its June low, but the move was short-lived and resulted in yet another decline. After breaking down from several bullish formations over the previous few months, the chart shows SHIB trading around $0.0000043. Both the smaller recovery triangle that formed in June and the larger ascending channel that supported prices from March through May failed miserably.
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At the moment, SHIB is still below all significant moving averages. The 100-day and 200-day moving averages are still much higher, but the 50-day EMA at $0.0000045 is serving as immediate resistance. The general trend is still bearish, as this alignment demonstrates. Weak momentum but not yet severe oversold conditions are indicated by the RSI's mid-30s position. If sellers keep control, that allows for another decline.
The crucial support area is still between $0.0000041 and $0.0000042. Losing that area would probably result in a new yearly low and another leg lower. Reclaiming the 50-day EMA and holding above $0.0000045 is a much easier first step for bulls. Until then, SHIB is stuck in a long-term downward trend that is only broken by fleeting attempts at recovery.
Solana's recovery potentialAfter one of its best attempts at recovery in weeks, Solana is nearing a critical technical turning point. SOL was able to recover both its 20-day and 50-day moving averages after the strong June rebound from the $60 area, and it briefly threatened the 100-day EMA near $81. At this point, the move has stalled.
The 100-day EMA, which continues to be the crucial resistance level averting a more significant trend reversal, is being rejected by the most recent candles. Even with the decline, the chart structure is still much better than it was a month ago. Throughout late June and early July, buyers were successful in defending higher lows, resulting in an ascending recovery structure.
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Despite short-term weakness, momentum continues to favor bulls, as indicated by the RSI staying above 50. The recovery continues as long as SOL stays above the 50-day EMA at about $75. Another attempt at the psychologically significant $90 level, where stronger resistance from the spring consolidation is located, would probably be prompted by a fresh push above $81.
Instead of collapsing, Solana is currently consolidating following a significant advance. Whether this is another failed rally within the larger downtrend or just a pause before continuation will be determined over the next few sessions.
Ethereum gains fresh fuelCompared to a large portion of the market, Ethereum is exhibiting surprising strength. ETH is currently testing a declining resistance trendline that has limited price action for weeks after rising back toward the $1,800 region after recovering from June lows close to $1,500.
According to the chart, ETH is positioned exactly between a rejection and a breakout. The RSI is still above neutral territory, suggesting that momentum is improving, and the price has recovered the 20-day and 50-day moving averages. Because of this, Ethereum is in a better position than many large-cap assets that are still stuck below important averages.
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The descending trendline that is currently intersecting around $1,780-$1,800 is the most significant level. The recent bearish structure would be rendered invalid by a clear break above it, creating a path toward the 100-day EMA at $1,960. This would be Ethereum's most significant bullish signal since the start of the overall market decline. Failure at resistance, though, might push ETH back toward the $1,700 support level.
However, buyers are arriving earlier and defending pullbacks more vigorously than in prior rallies. Ethereum is still among the market's best prospects for a comeback, but before a more significant reversal can be announced, bulls must first confirm a breakout.
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.
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.
Stripe’s acquisition of the crypto wallet infrastructure firm Privy in 2025 is already bearing fruit: Privy, together with Solana infrastructure provider Jito Labs, has launched a new transaction routing system called FullSend. The innovative solution is designed to enable faster and more reliable inclusion of transactions on the Solana blockchain, aiming to improve efficiency across the network.
Direct routing to block producersAccording to company statements, FullSend has been quietly integrated into Privy wallets since the beginning of the year. During this period, FullSend has achieved a remarkable performance rate, successfully including 99.999% of transactions across millions of attempts.
The FullSend system routes transactions signed through Privy wallets directly to Solana’s current and upcoming block leaders via Jito’s low-latency network. Since block producers on Solana rotate roughly every 400 milliseconds, delivering transactions to the right validator at the right moment is crucial for timely inclusion.
Traditionally, transactions are propagated through public or hosted RPC nodes, acting as intermediaries for network communications. FullSend removes these middlemen, delivering transactions straight to block leaders. By bypassing this layer, companies report that transaction inclusion latency is reduced to around 50 milliseconds, compared to 200 milliseconds or more with classic routing approaches.
Glossary: An RPC node is a technical access point allowing wallets and applications to communicate with a blockchain network. MEV refers to strategies for extracting additional revenue from transactions observed before block production; this can include front-running and transaction reordering.
Streamlining complexity for developersPrivy’s Chief Technology Officer Asta Li emphasized that the central goal of FullSend is to reduce the complexity developers face when juggling priority fees, extra network incentives, and endpoint selection.
Privy’s leadership highlighted that FullSend is designed to ease the burden on developers, simplifying the process of balancing priority fees, added incentives, and connection management within the network.
Jito Labs noted that its infrastructure reliably gets transactions directly to validators responsible for producing upcoming blocks. This approach helps users maintain standard priority fees and reduces their exposure to automated bots targeting pending transactions.
Enhanced protection against MEV attacksBoth companies maintain that FullSend offers additional safeguards against widespread MEV attack vectors, including front-running, sandwich attacks, and transaction censorship. As speed and precision become more critical in Solana-based applications, infrastructure-level protections are increasingly vital.
Jito Labs CEO Lucas Bruder underscored that speed and reliability are now core requirements for applications on Solana. He stated that, by routing directly to block leaders, FullSend delivers native MEV protection alongside improved performance.
Stripe continues expanding in crypto infrastructureThis move marks the latest chapter in Stripe’s growing footprint in the crypto infrastructure space. The payments technology giant acquired Privy in 2025 and, earlier this year, Privy announced a collaboration with Alchemy to onboard institutional users.
Privy reports that its infrastructure is now used by prominent fintech firms including Klarna, Ramp, and Deel, as well as crypto trading platforms such as Hyperliquid. The company states its technology supports over 140 million accounts and handles billions of dollars in monthly transaction volume. Meanwhile, Stripe is broadening its investments in blockchain-based payment systems—most notably, by developing the stablecoin-focused Layer 1 blockchain, Tempo.
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.
For Layer 1 networks, price action isn’t just driven by technicals. Solana fits this narrative well.
As a Layer 1 that powers an entire ecosystem, Solana’s growth story isn’t just about price action or creating value for token holders. It’s also tied to how applications and protocols within its ecosystem perform on-chain, driving network demand, revenue, and overall activity.
With that in mind, Pump.fun is back in the spotlight.
The platform recently sold another 122,498 SOL, worth $10.08 million. That brings its total SOL sales to 4,656,826 SOL, valued at $794.8 million, at an average selling price of $170.70.
The chart below shows why this latest move has become a key point of discussion.
Source: Dune Evidently, Pump.fun has become one of Solana’s most active trading venues.
Daily Spot Volume has climbed to around $725 million, with more than 517,000 wallets interacting with on-chain DEXs.
Moreover, since the 27th of June, Pump.fun’s revenue has grown 32.2%, while weekly DEX trading volume has increased 57.2% compared with early June.
As one of Solana’s biggest applications, Pump.fun continues to be a major driver of on-chain activity.
Against that backdrop, its latest round of SOL sales quickly grabbed the market’s attention. The move reignited the debate around Pump.fun’s “extraction” narrative, with analysts arguing that the platform is continuously taking value out of the ecosystem rather than recycling it back into Solana.
As a result, some market participants are starting to question Solana’s [SOL] Q3 outlook.
Pump.fun’s selling wave tests Solana’s fundamentals On one hand, Pump.fun’s growth reflects the strength of Solana’s network.
The thesis is straightforward. As a leading memecoin launchpad, Pump.fun can only generate this level of trading volume because Solana provides the liquidity, and low-cost infrastructure to support it. From a network perspective, that’s a constructive signal, as higher application activity translates into stronger demand for Solana’s on-chain fundamentals.
The debate, however, begins with how that value is ultimately distributed.
From a technical perspective, this argument is starting to gain attention. Despite strong network activity and rising on-chain metrics, SOL is still struggling to reclaim the $100 level. With the latest $10 million SOL sell-off adding more pressure, the key resistance around $80 remains a major hurdle for bulls.
Source: TradingView (SOL/USDT) This puts Solana’s fundamentals under the spotlight.
With Pump.fun’s selling pressure and a broader risk-off market, the big question is whether Solana’s network growth and on-chain activity can translate into enough demand to push SOL above key resistance levels.
If not, the weakness may extend beyond technicals, creating a more challenging setup for Q3.
Final Summary Pump.fun is driving strong activity on Solana, but its SOL sales have raised concerns about value leaving the ecosystem. SOL remains under pressure despite strong fundamentals, with Q3 depending on whether network growth can overcome selling pressure.
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.
Latin America’s biggest stock exchange just made its boldest crypto move yet. B3, the São Paulo-based exchange that dominates trading across the region, launched options on Bitcoin, Ether, and Solana futures on July 6, completing a derivatives trifecta that took roughly two years to build.
The new contracts trade under the tickers BIT, ETR, and SOL. At expiration, they automatically exercise into the underlying futures positions, meaning traders never have to fumble with spot token custody. Settlement happens either in cash or through the futures contract itself.
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What B3 actually built The options trade independently from 9:00 a.m. to 6:30 p.m. São Paulo time. B3 has enlisted designated market makers to keep bid-ask spreads tight and ensure adequate liquidity.
This launch didn’t happen overnight. B3 introduced Bitcoin futures back in April 2024 with a contract size of 0.1 BTC. Ether and Solana futures followed on June 16, 2025. The options layer is the natural next step, giving traders the ability to construct limited-risk strategies around positions they already understand.
Rafael Tsopanoglou Teodoro, B3’s Product Manager for Currencies, framed the expansion as a way to connect Brazilian investors with global market trends while maintaining robust risk management. The entire operation runs under the oversight of Brazil’s securities regulator, CVM.
What this means for investors For retail traders in Brazil, the immediate impact is access. Options allow for strategies like protective puts and covered calls that were previously only available through unregulated venues. The automatic exercise into futures removes a layer of complexity that often trips up less experienced traders.
For institutional investors, B3’s regulated framework is the main draw. Asset managers, hedge funds, and family offices that are mandated to trade on regulated venues now have a compliant way to gain crypto options exposure across three major assets. The CVM oversight means these products come with standardized clearing, counterparty risk mitigation, and the kind of audit trail that compliance departments demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Grayscale Investments, one of the largest asset management companies in the market, shared eight cryptocurrencies that stand out in the current market cycle and the key use cases each represents.
Grayscale, sharing from account X, identified eight key use cases for the current cycle: “Digital currency, World Computer, Global payments, High performance, 24/7 on-chain commerce, Tokenization and oracles, Next-generation infrastructure, Mass customization.”
Grayscale, which also identifies the prominent cryptocurrencies in these areas, included Bitcoin and 7 altcoins, including Ethereum and XRP, in its list.
At this point, Grayscale argues that Bitcoin’s fixed supply, institutional investor interest, and adoption as a reserve asset have made it a cornerstone of the cryptocurrency market.
“Bitcoin (BTC) → Digital money
Ethereum (ETH) → World Computer
XRP → Global payments
Solana (SOL) → High performance
Hyperliquid (HYPE) → 24/7 on-chain trading
Chainlink (LINK) → Tokenization and oracles
SUI → Next-generation infrastructure
Avalanche (AVAX) → Mass customization”
Looking at the table, Grayscale describes Ethereum as a global infrastructure for smart contracts and decentralized applications, while highlighting XRP for cross-border money transfers.
According to the company, Solana attracts developers with its high transaction capacity and low-cost infrastructure, while Chainlink stands out with its oracle infrastructure, which plays a critical role in the tokenization of real-world assets.
HYPE, the token of the Hyperliquid ecosystem, has recently stood out among projects offering 24/7 on-chain derivatives trading and a decentralized trading experience.
Finally, while Sui (SUI) stands out with its next-generation Layer-1 architecture focusing on scalability and user experience, Avalanche is considered a significant alternative in enterprise use cases.
*This is not investment advice.
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Sentiment extremes are noisy, but when a top-ten asset’s negative crowd chatter hits a yearly high at the exact moment trading activity grinds to a low, it becomes a signal worth unpacking. That is where Solana finds itself. According to a Santiment update on July 9, SOL’s negative commentary reached its most intense day of 2026, while trading volume fell to its weakest level of the year. The frustration is not directionless. Solana has been at the center of strong narratives around tokenized stocks and real-world asset activity, yet price has not given traders the return they expect.
The combination of peak FUD and thin volume often creates a fragile market structure. When retail traders have largely stepped back and sentiment is overwhelmingly bearish, the residual liquidity can make price more sensitive to even modest demand. Sharp moves can emerge from low-attention zones precisely because fewer participants are positioned for them. In previous cycles, similar sentiment troughs for SOL have preceded quick snapbacks, catching late shorts off guard.
Why Thin Volume and Peak FUD Matter Order books thin out when volume collapses. With fewer resting bids and asks, a sudden uptick in buying — whether from an institutional allocation shift or a large stakeholder returning — faces less friction. The result can be a rapid repricing that fuels momentum before the crowd adjusts. Santiment’s signal draws on social data and on-chain exchange flows that historically map to local bottoms. The current reading does not guarantee a reversal, but it places SOL in a rare position where the crowd is most bearish when the asset may have the lowest retail resistance.
Narratives Are Strong but Patience Has Worn Thin The disappointment is understandable. Solana has become a meaningful layer for tokenized assets, with the real-world asset sector crossing $20 billion on-chain and major institutions reshaping the space. Traders who positioned for a narrative-driven price move are now sitting in drawdown, and their social fatigue is showing up vividly in the data. The fact that negative mentions spiked to a 2026 high underscores just how exhausted the long side has become. When narratives fail to convert into immediate price action, markets often punish the latecomers first — and that is the kind of flush that can set the stage for a new impulse leg.
What the Charts Don’t Guarantee History does not repeat perfectly. Low volume can also signal genuine apathy, not a coiled spring. A macro shock, a legal shift, or a break below key SOL support levels could extend the pain rather than spark a bounce. What traders should watch is whether on-chain behavior begins to diverge from social mood. If active addresses, developer engagement, or institutional flows remain constructive while X feeds turn negative, the split would reinforce the contrarian case. For now, Solana’s developer activity remains robust, suggesting that building continues even as short-term sentiment sours.
SOL is sitting in a high-FUD, low-attention pocket. When price starts moving out of those pockets, it rarely gives polite warnings. The market’s next assignment is deciding whether this crowd pessimism is justified or simply the background noise that typically precedes the next leg higher. If a rebound does materialize from this zone, it would fit a familiar pattern where assets punish the most crowded sentiment.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
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.
Stripe subsidiary Privy has partnered with Solana infrastructure firm Jito Labs on a new transaction certainty tool called FullSend, which will help ensure that transactions sent from Privy wallets are included in Solana blocks "as fast as the network allows," according to an announcement shared with The Block.
FullSend was co-developed by Privy and Jito, one of the most prominent Solana infrastructure firms, and has reportedly been running unannounced in production inside Privy since the beginning of the year. Since January, FullSend has achieved 99.999% landing reliability across millions of transactions.
"Transaction landing on Solana became more complicated than it ever needed to be — tips, priority fees, picking the right endpoint. We wanted to make that entire decision disappear for developers,” Privy CTO Asta Li said in the statement.
FullSend works by automatically routing every transaction signed in a Privy wallet directly to the current and upcoming Solana leaders through Jito’s low-latency network. Solana rotates block building leaders roughly every 400 milliseconds per slot, following a predetermined schedule based on stake.
In addition to helping ensure inclusion, the system also bypasses any Maximal Extractable Value (MEV) risks, like bots front-running, sandwiching, or censoring transactions.
According to the announcement, FullSend cuts Privy’s inclusion latency for transactions to 50 milliseconds, “putting transactions in front of leaders before the competition.” Traditionally, Solana wallets send transaction information to a public or hosted RPC node, which then broadcasts it to the network — a process that takes at least 200 ms.
"The best applications on Solana win or lose on how fast and reliably their transactions land — that's the whole game,” Jito Labs CEO Lucas Bruder said. “FullSend is our answer at the infrastructure layer: straight to the leader, standard priority fees, MEV protection by default.”
The announcement notes the solution is especially geared toward fintechs, market makers, and other institutional Solana users who need speed and certainty when transacting on a blockchain.
Earlier this year, Privy partnered with Alchemy on an institutional onboarding solution. Privy counts fintechs like Klarna, Ramp, and Deel as users, as well as Hyperliquid, and claims 140 million accounts that process billions of dollars in monthly volume.
Stripe, which is also co-developing the stablecoin-focused Layer 1 blockchain Tempo, acquired Privy in 2025 following its $1.1 billion acquisition of Bridge.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Crypto-related stocks in U.S. markets continued their rally during trading hours, with MARA surging 15.27%.
According to market data from BIT (bit.com), US-listed crypto-related stocks continued to strengthen during intraday trading. Details: Strategy (MSTR) rose 2.11%; Circle (CRCL) gained 0.83%; MARA Holdings (MARA) surged 15.27% after announcing the acquisition of a Texas-based 2000MW computing power park project company for up to $600 million; Riot Platforms (RIOT) climbed 6.1%.
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JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.
JPMorgan Chase’s analyst team noted that the market views Strategy’s Bitcoin sale plan as a key risk for the crypto sector, but it is not a major structural threat to Bitcoin. The more fundamental risk lies in tokenization, payments, and settlements increasingly taking place on permissioned infrastructure that does not rely on public blockchains. If this trend continues, the entire crypto ecosystem could face a "structural downgrade"—marked by slower transaction activity, reduced liquidity, and weaker capital inflows—ultimately weighing on Bitcoin. The analysts stated bluntly: "In our view, a more significant risk stems from the way blockchain is adopted in traditional finance, which continues to bypass public, permissionless networks." The analysts explained that institutional adoption so far has clearly favored permissioned chains, as they offer advantages in privacy, KYC/AML controls, governance, throughput, legal accountability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. If tokenized deposits are widely adopted—especially in non-transferable forms favored by regulators—it could reduce demand for stablecoins in institutional payments and settlements; SWIFT’s blockchain initiative and central bank digital currency (CBDC) projects such as the digital euro and digital renminbi further strengthen regulated alternatives. In the roughly $500 billion tokenized real-world assets market, while Ethereum currently holds a certain share, this likely reflects early-stage experimentation rather than the market’s long-term structure. As institutional adoption grows, issuance, custody, settlement, and lifecycle management will likely be conducted more on private or permissioned infrastructure that meets requirements for identity, confidentiality, and operational resilience, with public blockchains used only for distribution and limited secondary trading.
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Security Warning: Abnormal on-chain fund flows detected for the CodexField project on BNB Chain.
On-chain investigator Specter has issued a community security alert, warning of potential fund misappropriation risks associated with the CodexField project on BNB Chain. On-chain tracking shows the project has amassed over $85 million in funds. Specter detected abnormal on-chain fund flows yesterday: a wallet bridged 17.3 million USDT from TRON to Ethereum, then swapped the tokens for DAI via Bitget Swap on Polygon. So far, $6.5 million has been transferred out, while the remaining $10.8 million is still in transit. The funds were originally bridged from Ethereum to TRON roughly six months ago, and the source wallet is linked to CodexField’s deposit contract. Below are key addresses for users to verify on their own: EVM: 0xBc606358910b3720d136F0d4Ce12b759C270747a TRON: TQNTEYadFVVQeobBtctSjurJ5RpfBsTmqh, TAzpg8L1WkkzCxxZk8TYnvaRYahehh52MK Related deposit contract: 0x9E6A75b546B65E7B9D34E2c9aB8Fe224B9aA52AA Additional red flags: The project requires a minimum $100 deposit for participation. Blockchain security tool Blocksec MetaSuites initially labeled the deposit contract as "Fake CodexField", but Specter’s follow-up investigation found the contract is actually operated by the CodexField team itself. The project uses multiple domains and subdomains to collect user deposits, and the team previously shared these domains via official channels. Its fund flow pattern is unusual, deviating from standard fund management practices: the project bridges funds across multiple blockchains, routes them through intermediate wallets, and ultimately sends assets to centralized exchanges. Specter noted that based on on-chain activity, the project warrants high vigilance. It advises all users interacting with CodexField to exercise extreme caution until the team provides a transparent explanation of its fund movements.
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Post-quantum cryptography management platform QIZ Security closes $17 million seed round.
QIZ Security, a crypto posture and post-quantum cryptography (PQC) management platform, announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The capital will be used to accelerate product R&D and market expansion. QIZ Security was co-founded by Ben Volkow, Lenny Ridel, and Itan Barmes; the team has years of experience in cybersecurity, enterprise services, and post-quantum transformation, with Barmes previously leading Deloitte’s global quantum cybersecurity readiness team. Its platform helps enterprises identify and assess crypto asset risks and implement remediation measures, and is currently applied in industries including finance, telecommunications, healthcare, and critical infrastructure. It has also established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, among others.
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Hyperliquid recommends that the U.S. Commodity Futures Trading Commission (CFTC) formally recognize that on-chain protocols are not required to register, and non-custodial wallets do not serve as financial intermediaries.
Hyperliquid Policy Center (HPC) and Phantom have jointly submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on whether existing rules keep pace with the evolution of financial technology, proposing to explicitly extend the distinction between "building tools" and "operating regulated businesses" to on-chain markets. The comments note that software engineers have been developing matching engines for regulated futures trading platforms for decades, and the CFTC has never classified them as trading platform operators. However, developers in the digital asset sector have long lacked such clarity, forcing many to opt for offshore development. The current CFTC, led by Chairman Selig, is working to address this gap and carve out room for innovation for fintech firms in digital asset and derivatives markets. The two entities put forward three key recommendations: First, explicitly confirm that merely publishing on-chain protocol software itself does not require registration — a factor often decisive for engineers when choosing where to develop. Second, establish a clear path for the CFTC’s registration bodies to operate regulated functions using on-chain infrastructure, enabling trading platforms and clearinghouses to replace decades-old legacy systems with transparent infrastructure. Third, formalize Phantom’s recent no-action letter into official rules, eliminating the need for self-custody wallet providers to apply for approved exemptions on a case-by-case basis. HPC and Phantom stress that self-custody and transparent on-chain systems can embed investor protection directly into technology, while regulated intermediaries retain responsibility for issues that technology cannot resolve independently. This approach will bring the next generation of financial markets within reach of U.S. consumers.
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Micron raises its U.S. investment plan to $250 billion, betting on demand for AI memory chips.
Micron Technology plans to increase spending on its new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global artificial intelligence boom. The move adds $50 billion to Micron’s previously announced $200 billion commitment to expanding domestic U.S. chip manufacturing, covering projects in New York, Idaho, and Virginia. The expenditure is expected to run through 2035, and will help the company achieve its target of producing 40% of its DRAM products in the U.S. within the next decade.
If you’ve ever submitted a Solana transaction and watched it disappear into the void, you’re not alone. A new integration between wallet infrastructure provider Privy and MEV specialist Jito is designed to make that experience a relic of the past.
The two companies have co-developed FullSend, a tool that automatically routes every transaction signed in a Privy wallet directly to whichever validator is currently building the next Solana block.
How FullSend actually works Under normal circumstances, Solana transactions travel through RPC (Remote Procedure Call) nodes before reaching a block producer. RPC routing introduces latency, and during periods of high network congestion, it can lead to dropped or delayed transactions. FullSend sidesteps this entirely by leveraging Jito’s block engine to send transactions straight to the active block-building leader.
The integration runs under the hood of Privy’s wallet infrastructure, meaning developers building on Privy don’t need to implement custom routing logic. Every transaction signed through a Privy wallet, whether it’s an externally-owned account or an embedded wallet, gets the FullSend treatment automatically.
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Privy has positioned itself as a provider of embedded wallet and authentication solutions across the Solana ecosystem, targeting applications that want to abstract away the complexity of wallet management for end users.
Jito’s quiet dominance of Solana infrastructure Jito operates Solana’s primary MEV block engine and leader auction systems. Its modified validator client runs on the majority of the network’s stake, making it the backbone of how transactions actually get prioritized and included on the chain.
MEV, or Maximum Extractable Value, refers to the profit that validators or searchers can extract by reordering, inserting, or censoring transactions within a block.
For Privy, partnering with Jito extends its strategy to build wallet infrastructure. The company has previously worked with Helius, another prominent Solana infrastructure provider.
What this means for Solana users and investors FullSend addresses transaction reliability at the application layer rather than the protocol layer. Protocol upgrades require network-wide consensus and take time. Application-layer improvements can be deployed immediately and benefit users without waiting for validator upgrades.
For developers building consumer-facing applications on Solana, FullSend removes a routing optimization problem from their implementation requirements. Every transaction signed through a Privy wallet, across both externally-owned accounts and embedded wallets, is routed automatically.
There’s also a centralization question worth flagging. Jito’s client already runs on a majority of Solana’s stake, and deeper integration with wallet providers like Privy concentrates more of the transaction pipeline through Jito’s infrastructure. If Jito’s block engine experiences issues, the blast radius is significant.
Performance data and adoption metrics for FullSend haven’t been publicly disclosed yet, so the actual impact on transaction success rates and latency remains to be seen.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto-related stocks in U.S. markets continued their rally during trading hours, with MARA surging 15.27%.
According to market data from BIT (bit.com), US-listed crypto-related stocks continued to strengthen during intraday trading. Details: Strategy (MSTR) rose 2.11%; Circle (CRCL) gained 0.83%; MARA Holdings (MARA) surged 15.27% after announcing the acquisition of a Texas-based 2000MW computing power park project company for up to $600 million; Riot Platforms (RIOT) climbed 6.1%.
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JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.
JPMorgan Chase’s analyst team noted that the market views Strategy’s Bitcoin sale plan as a key risk for the crypto sector, but it is not a major structural threat to Bitcoin. The more fundamental risk lies in tokenization, payments, and settlements increasingly taking place on permissioned infrastructure that does not rely on public blockchains. If this trend continues, the entire crypto ecosystem could face a "structural downgrade"—marked by slower transaction activity, reduced liquidity, and weaker capital inflows—ultimately weighing on Bitcoin. The analysts stated bluntly: "In our view, a more significant risk stems from the way blockchain is adopted in traditional finance, which continues to bypass public, permissionless networks." The analysts explained that institutional adoption so far has clearly favored permissioned chains, as they offer advantages in privacy, KYC/AML controls, governance, throughput, legal accountability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. If tokenized deposits are widely adopted—especially in non-transferable forms favored by regulators—it could reduce demand for stablecoins in institutional payments and settlements; SWIFT’s blockchain initiative and central bank digital currency (CBDC) projects such as the digital euro and digital renminbi further strengthen regulated alternatives. In the roughly $500 billion tokenized real-world assets market, while Ethereum currently holds a certain share, this likely reflects early-stage experimentation rather than the market’s long-term structure. As institutional adoption grows, issuance, custody, settlement, and lifecycle management will likely be conducted more on private or permissioned infrastructure that meets requirements for identity, confidentiality, and operational resilience, with public blockchains used only for distribution and limited secondary trading.
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Security Warning: Abnormal on-chain fund flows detected for the CodexField project on BNB Chain.
On-chain investigator Specter has issued a community security alert, warning of potential fund misappropriation risks associated with the CodexField project on BNB Chain. On-chain tracking shows the project has amassed over $85 million in funds. Specter detected abnormal on-chain fund flows yesterday: a wallet bridged 17.3 million USDT from TRON to Ethereum, then swapped the tokens for DAI via Bitget Swap on Polygon. So far, $6.5 million has been transferred out, while the remaining $10.8 million is still in transit. The funds were originally bridged from Ethereum to TRON roughly six months ago, and the source wallet is linked to CodexField’s deposit contract. Below are key addresses for users to verify on their own: EVM: 0xBc606358910b3720d136F0d4Ce12b759C270747a TRON: TQNTEYadFVVQeobBtctSjurJ5RpfBsTmqh, TAzpg8L1WkkzCxxZk8TYnvaRYahehh52MK Related deposit contract: 0x9E6A75b546B65E7B9D34E2c9aB8Fe224B9aA52AA Additional red flags: The project requires a minimum $100 deposit for participation. Blockchain security tool Blocksec MetaSuites initially labeled the deposit contract as "Fake CodexField", but Specter’s follow-up investigation found the contract is actually operated by the CodexField team itself. The project uses multiple domains and subdomains to collect user deposits, and the team previously shared these domains via official channels. Its fund flow pattern is unusual, deviating from standard fund management practices: the project bridges funds across multiple blockchains, routes them through intermediate wallets, and ultimately sends assets to centralized exchanges. Specter noted that based on on-chain activity, the project warrants high vigilance. It advises all users interacting with CodexField to exercise extreme caution until the team provides a transparent explanation of its fund movements.
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Post-quantum cryptography management platform QIZ Security closes $17 million seed round.
QIZ Security, a crypto posture and post-quantum cryptography (PQC) management platform, announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The capital will be used to accelerate product R&D and market expansion. QIZ Security was co-founded by Ben Volkow, Lenny Ridel, and Itan Barmes; the team has years of experience in cybersecurity, enterprise services, and post-quantum transformation, with Barmes previously leading Deloitte’s global quantum cybersecurity readiness team. Its platform helps enterprises identify and assess crypto asset risks and implement remediation measures, and is currently applied in industries including finance, telecommunications, healthcare, and critical infrastructure. It has also established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, among others.
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Hyperliquid recommends that the U.S. Commodity Futures Trading Commission (CFTC) formally recognize that on-chain protocols are not required to register, and non-custodial wallets do not serve as financial intermediaries.
Hyperliquid Policy Center (HPC) and Phantom have jointly submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on whether existing rules keep pace with the evolution of financial technology, proposing to explicitly extend the distinction between "building tools" and "operating regulated businesses" to on-chain markets. The comments note that software engineers have been developing matching engines for regulated futures trading platforms for decades, and the CFTC has never classified them as trading platform operators. However, developers in the digital asset sector have long lacked such clarity, forcing many to opt for offshore development. The current CFTC, led by Chairman Selig, is working to address this gap and carve out room for innovation for fintech firms in digital asset and derivatives markets. The two entities put forward three key recommendations: First, explicitly confirm that merely publishing on-chain protocol software itself does not require registration — a factor often decisive for engineers when choosing where to develop. Second, establish a clear path for the CFTC’s registration bodies to operate regulated functions using on-chain infrastructure, enabling trading platforms and clearinghouses to replace decades-old legacy systems with transparent infrastructure. Third, formalize Phantom’s recent no-action letter into official rules, eliminating the need for self-custody wallet providers to apply for approved exemptions on a case-by-case basis. HPC and Phantom stress that self-custody and transparent on-chain systems can embed investor protection directly into technology, while regulated intermediaries retain responsibility for issues that technology cannot resolve independently. This approach will bring the next generation of financial markets within reach of U.S. consumers.
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Micron raises its U.S. investment plan to $250 billion, betting on demand for AI memory chips.
Micron Technology plans to increase spending on its new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global artificial intelligence boom. The move adds $50 billion to Micron’s previously announced $200 billion commitment to expanding domestic U.S. chip manufacturing, covering projects in New York, Idaho, and Virginia. The expenditure is expected to run through 2035, and will help the company achieve its target of producing 40% of its DRAM products in the U.S. within the next decade.
Micron Technology has become the stock that AI bulls and crypto natives are both fighting over. The memory chipmaker’s shares have climbed roughly 197% year-to-date in 2026, recently trading around $949, as insatiable demand for high-bandwidth memory chips collides with a supply picture so tight that every unit produced through the end of 2026 is already spoken for under binding contracts.
And now, for the first time, you can trade a tokenized version of Micron stock on Ethereum and Solana. Traditional finance and DeFi are officially sharing a lunch table.
The AI memory bottleneck powering Micron’s run The large language models and data centers powering the current wave of artificial intelligence require high-bandwidth memory, or HBM, in enormous quantities. Micron happens to be one of a small handful of companies capable of manufacturing these chips at scale.
UBS analyst Timothy Arcuri raised his price target on Micron to $1,625 in May 2026, up from $535. The rationale centers on AI-driven memory shortages that Arcuri expects to persist until at least Q2 2028.
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Micron’s HBM4 capacity is fully contracted through 2026, with tight supply conditions anticipated to extend well beyond 2027. The company has committed $27 billion in capital expenditures for fiscal 2026 alone to expand production.
Analyst 12-month price targets currently range between $600 and north of $1,500, reflecting a wide but uniformly bullish consensus.
Tokenized Micron stock hits Ethereum and Solana In June 2026, tokenized versions of Micron stock launched on two major blockchain networks. MUon debuted on Ethereum, while $MU went live on Solana. Both allow investors to gain on-chain exposure to Micron’s equity without touching a traditional brokerage account.
Tokenized stocks trade 24/7, settle almost instantly, and can be composed into DeFi strategies alongside stablecoins, lending protocols, and yield products.
Micron’s deeper crypto connection Micron has a long history of supplying GDDR memory for GPUs used in cryptocurrency mining. Every Ethereum miner who ran rigs before the network’s transition to proof-of-stake was, in some indirect way, a Micron customer.
What investors should actually worry about Multiple analysts project that peak market conditions for memory chips could arrive around 2027-2028, with a potential normalization or outright downturn by 2029. The reasoning is classic semiconductor cyclicality: competitors will eventually catch up, new fabrication capacity will come online, and the supply-demand imbalance will narrow.
The $27 billion capex commitment looks smart today. It could look very different if demand softens and capacity sits idle.
For crypto investors specifically, the tokenized stock products introduce their own set of considerations. Regulatory clarity around tokenized equities remains a patchwork globally. The tokens themselves depend on custodial arrangements and issuer reliability that vary by platform.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wall Street giant Wells Fargo revealed massive crypto holdings via exchange-traded funds (ETFs) and stocks. The banks revealed exposure to Bitcoin, Ethereum (ETH), Solana, Strategy (MSTR), Bitmine (BMNR) and other crypto stocks.
Wells Fargo Reveals Bitcoin, ETH, Solana ETFs Exposure In its latest SEC filing, $2.5 trillion AUM Wells Fargo disclosed 6.5 million shares in BlackRock Bitcoin ETF (IBIT). It also revealed a new call position and an increase in put position in IBIT amid growing uncertainty during the US-Iran war.
IBIT holdings dropped by 75,102 shares compared to the Q4 quarter. Moreover, the Wall Street giant cut its exposure to the Invesco Galaxy Bitcoin ETF (BTCO), Ark 21Shares Bitcoin ETF, and the Fidelity Bitcoin ETF (FBTC).
While Wells Fargo decreased holdings in IBIT, Bitcoin exposure increased in Grayscale Bitcoin Mini ETF, Bitwise’s BITB, and GBTC. Notably, BITB holdings climbed 24% quarter-on-quarter.
Meanwhile, Wells Fargo boosts Ethereum ETF holdings with a 65% rise in BlackRock Ethereum ETF (ETHA) shares. The bank now holds more than 1.10 million ETHA shares worth $17.56 million.
In addition, the banking firm holds 257,157 Bitwise Ethereum ETF, 4,637 Grayscale Ethereum Staking ETF, and 623 VanEck’s ETHV shares.
Also, Wells Fargo disclosed new exposure to Solana ETFs. It scooped 13,280 in Grayscale’s GSOL and 1,638 in Fidelity Solana Fund (FSOL).
Holding in Strategy’s MSTR, Bitmine, and other Crypto Stocks On the crypto stocks side, Wells Fargo significantly ramped up its position in Michael Saylor’s Strategy (MSTR). The bank boosted its MSTR shares by 125% to almost 726,000 shares, adding an estimated $41.5 million in exposure. Notably, Strategy plans sell Bitcoin, but Grayscale claims Strategy’s Bitcoin sales are good for markets.
It also revealed new holdings in the Trump family’s American Bitcoin Corp (ABTC) and Strive (ASST). This move highlights a preference for established Bitcoin treasury companies over direct mining or trading firms.
The bank significantly increased its holdings in Bitmine Immersion’s BMNR from 2,323 to 21,547 stocks. This makes an 828% rise in Ethereum treasury exposure to $426K.
Robinhood (HOOD) shareholdings jumped from 65% to 2.56 million shares. Wells Fargo also opened put option positions for almost $116K. As CoinGape reported earlier, Robinhood CEO Vlad Tenev sold HOOD shares earlier this week.
In contrast, the bank sharply reduced its stake in Galaxy Digital by about 97% and 25% in Coinbase (COIN). This signals a strategic shift away from certain crypto stocks.
Also Read: 11 Best Crypto Copy Trading Platforms in July 2026
Solana market sentiment has turned sharply bearish amid its ongoing price decline, a new study from on-chain analytics platform Santiment confirms.
In particular, social media negativity has reached its highest level of 2026. Meanwhile, trading volume has fallen to its lowest point of the year.
Despite growing narratives around tokenized stocks and real-world asset (RWA) adoption on Solana, SOL has yet to post meaningful price gains. Santiment said the lack of price momentum has left many traders frustrated.
Meanwhile, the firm also noted that periods of extreme pessimism and weak trading activity have historically preceded unexpected price rebounds.
Solana Volume Slumps, Negative Sentiment Surges According to Santiment, Solana is seeing a rare combination of falling market participation and rising bearish sentiment. The platform said social media discussions about SOL recorded their most negative day of 2026, while trading volume dropped to its lowest level of the year.
The accompanying chart shows SOL trading around $77.80, with seven-day trading volume at roughly $2.27 billion. Trading volume has been declining since late January. Meanwhile, negative sentiment climbed to its highest level since November 2025, reaching a reading of 14.05.
Santiment said much of the pessimism stems from disappointment that bullish narratives around tokenized equities and RWA adoption have not translated into stronger price performance.
Solan Price At press time, Solana is trading at $78.18, up a modest 0.72% over the past week and 16% over the past month. However, SOL remains down 37% since the start of the year and 49% over the past 12 months.
As a result, many long-term holders are still sitting on significant losses, further reflected in the extremely bearish market sentiment.
Solana Chart by TheCryptoBasic Santiment Sees Potential Contrarian Setup Despite the weak sentiment, Santiment said the current setup could favor a potential recovery. The analytics firm noted that periods of extreme fear and thin trading activity often drive retail investors to the sidelines.
However, if buying pressure returns, larger market participants can move prices more easily under such conditions.
Santiment added that rebounds often occur when traders least expect them. It said Solana may be entering a “low-attention, high-FUD” environment, where prices could rise if sentiment improves.
However, the firm did not predict an imminent rally. Instead, it said the current conditions are historically worth watching for contrarian investors tracking shifts in market psychology.
Can SOL Hit $100 Soon? In a recent commentary, market watcher Michaël van de Poppe argued that conditions are starting to become interesting for Solana at current price levels.
In his view, holding the $73-$76 price range and moving higher would provide a strong signal that the market is ready for a run toward the psychologically important $100 level.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Morpho, one of DeFi’s heavyweight lending protocols, just planted its flag on Solana. The MORPHO token is now tradable through Jupiter, Solana’s dominant DEX aggregator, after being listed via Sunrise, the cross-chain asset gateway built by Wormhole Labs.
How the listing works Sunrise, which launched in November 2025, is Wormhole Labs’ answer to a persistent DeFi problem: getting tokens from one chain onto another without the usual liquidity fragmentation headaches. The model treats each new asset launch as what amounts to a tier-one listing, coordinating liquidity pushes across Solana DEXs and wallets simultaneously.
In practice, that means MORPHO didn’t just appear on one obscure pool somewhere. Initial MORPHO/USDC liquidity on Raydium has been observed in the range of $50K to $295K, with Jupiter serving as the primary trading interface where users can actually swap the token.
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For Solana users, the practical upside is straightforward: access to a major lending protocol’s governance token without touching Ethereum’s gas fees. For Morpho, it’s distribution. Getting listed on Jupiter puts MORPHO in front of one of DeFi’s most active trading audiences.
Why Morpho matters beyond the token Morpho completed a $175 million funding round in 2026 at a $2 billion valuation. Its total value locked sits at approximately $4.3 billion, putting it in the upper tier of DeFi lending protocols globally.
Morpho’s core value proposition has always been capital efficiency in lending markets, emphasizing peer-to-peer matching of lenders and borrowers to improve on the pooled-liquidity model.
What this means for Solana’s DeFi landscape Jupiter aggregates pricing across Solana’s DEX landscape, so even thin pools get routed efficiently. For protocols like Morpho, it means instant access to Solana’s active user base without building bespoke infrastructure.
Community activity around the listing has been noticeable, with discussions picking up on July 9, 2026 around peer-to-peer lending rates on Solana and what Morpho’s presence could mean for the network’s lending markets longer term.
Investors watching this space should pay attention to two things. First, whether the initial MORPHO/USDC liquidity on Raydium deepens meaningfully in the coming weeks. Second, whether this token listing is a precursor to Morpho deploying its lending protocol natively on Solana, which would represent a far more consequential expansion than token availability alone.
Bridged assets, even through well-designed systems like Sunrise, carry inherent cross-chain risk. Smart contract vulnerabilities in the bridging layer, oracle discrepancies between chains, and liquidity fragmentation across ecosystems are all factors that sophisticated traders will price in.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@OndoFinance has extended its 24/7 on-chain minting and redemption service for tokenized US equities to @Solana, completing a multi-chain rollout that began on Ethereum and BNB Chain in late June 2026. The move brings always-on liquidity to a growing suite of tokenized stocks and ETFs, allowing users anywhere in the world to settle positions outside traditional market hours.
What the Upgrade Actually Does Prior to this rollout, Ondo's platform already permitted around-the-clock transfers of tokenized securities, but minting and redemption, the creation and cancellation of positions, were still tied to US market hours. The Defiant reported that the upgrade removes that constraint, allowing eligible users to mint or redeem tokenized equities at any hour, including weekends and public holidays, at the prevailing market price.
The assets covered include $SPYon, $QQQon, $NVDAon, and $TSLAon, among others. Crypto Times noted that these are among the most actively traded tokenized names on the platform, with additional assets expected to be added in the weeks ahead.
The system is powered by Ondo's Nexus infrastructure, which handles on-demand, price-linked creation and redemption of tokens backed by real securities held at broker-dealers. Chainlink price feeds provide the real-time pricing data that makes continuous redemption technically viable.
Scale and Competitive Context Ondo Global Markets now lists more than 430 tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain. The platform states it was the first in the tokenized-stock sector to surpass $1 billion in total value locked, exceeding the combined TVL of competing platforms. Beyond trading, tokenized stocks on the platform are also being used as collateral within DeFi applications including Ondo Perps, Morpho, and Euler.
@OndoFinance has also highlighted a distinction that separates this launch from rival offerings. Competitors claiming 24/7 trading have generally confined continuous access to secondary-market transfers on centralized and decentralized exchanges, while actual issuance and redemption remained restricted to market hours. Ondo's upgrade addresses that gap directly at the protocol level.
The Solana integration reflects the network's appeal for high-throughput, low-cost on-chain activity and continues Ondo's broader strategy of expanding institutional-grade tokenized assets across multiple chains.
Sources:
The Defiant: Ondo Finance 24/7 Minting and Redemption for Tokenized Stocks and ETFs
Crypto Times: Ondo Launches Industry-First 24/7 Tokenized Stock Minting
Crypto Briefing: ONDO Finance Enables 24/7 Minting and Redemption for Tokenized Stocks and ETFs
Solana is quietly doing what most blockchains only promise on whitepapers. The network’s real transaction throughput, stripped of validator vote transactions that inflate the numbers, is consistently clearing 2,500 transactions per second.
That distinction matters more than you’d think. Solana’s approach of separating “true” user-initiated transactions from the consensus-related vote transactions that validators produce gives a cleaner picture of actual network utility.
The numbers behind the noise Analytics data from mid-2026 shows Solana’s non-vote TPS averaging between 1,600 and 3,800, depending on network demand. During high-activity periods, total TPS frequently spikes above 6,000.
Historical peaks have exceeded 4,500 TPS on particularly busy days. For context, Ethereum’s base layer processes roughly 15-30 TPS, relying on Layer-2 rollups to scale beyond that.
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Sustained levels around 3,000 TPS have become common enough that fee modeling proposals from June 2026 use that figure as a baseline assumption.
The theoretical ceiling sits at approximately 65,000 TPS, though that number lives in the realm of ideal conditions. The Firedancer client, developed by Jump Trading’s crypto division, has recorded over 1 million TPS in test settings.
Firedancer represents a ground-up rewrite of Solana’s validator software in C++, designed to push throughput well beyond what the current Agave client can handle.
Transaction costs remain remarkably low through all of this, typically coming in below $0.01 per transaction.
Architecture doing the heavy lifting The network uses Proof-of-History (PoH), a cryptographic clock that timestamps transactions before they enter consensus. Combined with Tower BFT consensus, this architecture allows Solana to process transactions in parallel rather than sequentially.
The monolithic design philosophy stands in sharp contrast to Ethereum’s rollup-centric roadmap. Ethereum essentially outsources execution to Layer-2 networks while maintaining the base layer as a settlement and data availability layer.
The number of validators has declined from over 2,500 in 2023 to around 800 by late 2025 and into early 2026. Higher hardware requirements mean fewer participants can afford to run a validator node.
What this means for investors High TPS combined with sub-penny transaction costs creates fertile ground for DeFi trading, stablecoin payments, and tokenized asset transfers — high-volume, low-margin activities that simply can’t function on chains where a single swap costs several dollars in gas fees.
The validator consolidation trend is the risk factor worth monitoring. A network that processes thousands of transactions per second but relies on a shrinking pool of node operators creates a concentration risk. If hardware requirements continue climbing with future upgrades, that 800-validator count could fall further.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wells Fargo has expanded its exposure to Strategy while reducing part of its BlackRock Bitcoin ETF position, according to its latest regulatory filing that also shows larger investments across Ethereum and Solana-linked products.
Summary
Wells Fargo increased its Strategy stake by 125% while trimming its BlackRock Bitcoin ETF holding. The bank boosted Ethereum ETF exposure, added Solana funds, and expanded positions in Bitmine and Robinhood. SEC filings also show reduced stakes in Coinbase and Galaxy Digital despite broader crypto market exposure. According to the bank’s latest filing with the U.S. Securities and Exchange Commission, the $2.5 trillion asset manager increased its holding in Michael Saylor’s Strategy (MSTR) by 125% to nearly 726,000 shares, adding roughly $41.5 million in exposure.
At the same time, the filing shows the bank reduced its position in BlackRock’s iShares Bitcoin Trust (IBIT) by 75,102 shares compared with the previous quarter, while also opening a new IBIT call position and increasing its put exposure during a period of heightened market uncertainty linked to the U.S.-Iran conflict.
Bitcoin ETF exposure has been rebalanced rather than cut outright Although Wells Fargo trimmed its IBIT position, the filing indicates it did not reduce its Bitcoin exposure across the board. The bank also lowered its holdings in the Invesco Galaxy Bitcoin ETF (BTCO), the ARK 21Shares Bitcoin ETF, and the Fidelity Wise Origin Bitcoin Fund (FBTC).
However, it added to positions in the Grayscale Bitcoin Mini Trust, Grayscale Bitcoin Trust (GBTC), and Bitwise Bitcoin ETF (BITB), with its BITB stake rising 24% from the previous quarter.
Ethereum-linked investments moved in the opposite direction. Wells Fargo increased its holdings in BlackRock’s iShares Ethereum Trust (ETHA) by about 65%, taking its position to more than 1.10 million shares valued at approximately $17.56 million, according to the filing.
The bank also reported ownership of 257,157 shares of the Bitwise Ethereum ETF, 4,637 shares of the Grayscale Ethereum Staking ETF, and 623 shares of VanEck’s Ethereum ETF (ETHV).
The filing also disclosed the bank’s first reported positions in Solana investment products. Wells Fargo purchased 13,280 shares of Grayscale Solana Trust (GSOL) and 1,638 shares of the Fidelity Solana Fund (FSOL), adding Solana exposure alongside its existing Bitcoin and Ethereum allocations.
Crypto stock buying has favored treasury companies Beyond exchange-traded funds, Wells Fargo increased investments in several crypto-related companies. Its position in Bitmine Immersion (BMNR) climbed from 2,323 shares to 21,547 shares, an increase of about 828%, lifting its exposure to the company’s Ethereum treasury strategy to roughly $426,000.
The filing also shows new positions in American Bitcoin Corp. (ABTC), the Trump family-backed Bitcoin treasury company, and Strive Asset Management’s treasury vehicle (ASST). At the same time, Wells Fargo expanded its Robinhood (HOOD) holding by 65% to about 2.56 million shares while opening put option positions valued at nearly $116,000.
Robinhood has recently attracted interest from other institutional investors as well. As crypto.news reported on June 27, Cathie Wood’s ARK Invest bought approximately $25.54 million worth of shares across Coinbase, SpaceX, Circle, Bullish, and Robinhood through several of its exchange-traded funds. Robinhood was one of the companies added during that round of purchases.
Not every crypto-linked stock received additional capital. Wells Fargo cut its stake in Galaxy Digital by roughly 97% and reduced its Coinbase (COIN) position by about 25%, according to the SEC filing, indicating the bank adjusted individual equity holdings while continuing to maintain exposure across Bitcoin, Ethereum, Solana, and crypto treasury companies.
Crypto-related stocks in U.S. markets continued their rally during trading hours, with MARA surging 15.27%.
According to market data from BIT (bit.com), US-listed crypto-related stocks continued to strengthen during intraday trading. Details: Strategy (MSTR) rose 2.11%; Circle (CRCL) gained 0.83%; MARA Holdings (MARA) surged 15.27% after announcing the acquisition of a Texas-based 2000MW computing power park project company for up to $600 million; Riot Platforms (RIOT) climbed 6.1%.
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JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.
JPMorgan Chase’s analyst team noted that the market views Strategy’s Bitcoin sale plan as a key risk for the crypto sector, but it is not a major structural threat to Bitcoin. The more fundamental risk lies in tokenization, payments, and settlements increasingly taking place on permissioned infrastructure that does not rely on public blockchains. If this trend continues, the entire crypto ecosystem could face a "structural downgrade"—marked by slower transaction activity, reduced liquidity, and weaker capital inflows—ultimately weighing on Bitcoin. The analysts stated bluntly: "In our view, a more significant risk stems from the way blockchain is adopted in traditional finance, which continues to bypass public, permissionless networks." The analysts explained that institutional adoption so far has clearly favored permissioned chains, as they offer advantages in privacy, KYC/AML controls, governance, throughput, legal accountability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. If tokenized deposits are widely adopted—especially in non-transferable forms favored by regulators—it could reduce demand for stablecoins in institutional payments and settlements; SWIFT’s blockchain initiative and central bank digital currency (CBDC) projects such as the digital euro and digital renminbi further strengthen regulated alternatives. In the roughly $500 billion tokenized real-world assets market, while Ethereum currently holds a certain share, this likely reflects early-stage experimentation rather than the market’s long-term structure. As institutional adoption grows, issuance, custody, settlement, and lifecycle management will likely be conducted more on private or permissioned infrastructure that meets requirements for identity, confidentiality, and operational resilience, with public blockchains used only for distribution and limited secondary trading.
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Security Warning: Abnormal on-chain fund flows detected for the CodexField project on BNB Chain.
On-chain investigator Specter has issued a community security alert, warning of potential fund misappropriation risks associated with the CodexField project on BNB Chain. On-chain tracking shows the project has amassed over $85 million in funds. Specter detected abnormal on-chain fund flows yesterday: a wallet bridged 17.3 million USDT from TRON to Ethereum, then swapped the tokens for DAI via Bitget Swap on Polygon. So far, $6.5 million has been transferred out, while the remaining $10.8 million is still in transit. The funds were originally bridged from Ethereum to TRON roughly six months ago, and the source wallet is linked to CodexField’s deposit contract. Below are key addresses for users to verify on their own: EVM: 0xBc606358910b3720d136F0d4Ce12b759C270747a TRON: TQNTEYadFVVQeobBtctSjurJ5RpfBsTmqh, TAzpg8L1WkkzCxxZk8TYnvaRYahehh52MK Related deposit contract: 0x9E6A75b546B65E7B9D34E2c9aB8Fe224B9aA52AA Additional red flags: The project requires a minimum $100 deposit for participation. Blockchain security tool Blocksec MetaSuites initially labeled the deposit contract as "Fake CodexField", but Specter’s follow-up investigation found the contract is actually operated by the CodexField team itself. The project uses multiple domains and subdomains to collect user deposits, and the team previously shared these domains via official channels. Its fund flow pattern is unusual, deviating from standard fund management practices: the project bridges funds across multiple blockchains, routes them through intermediate wallets, and ultimately sends assets to centralized exchanges. Specter noted that based on on-chain activity, the project warrants high vigilance. It advises all users interacting with CodexField to exercise extreme caution until the team provides a transparent explanation of its fund movements.
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Post-quantum cryptography management platform QIZ Security closes $17 million seed round.
QIZ Security, a crypto posture and post-quantum cryptography (PQC) management platform, announced the completion of a $17 million seed funding round, led by Bessemer Venture Partners and Merlin Ventures, with participation from Evolution Equity Partners, Qbeat Ventures, Singtel Innov8, and Qino Cyber Capital. The capital will be used to accelerate product R&D and market expansion. QIZ Security was co-founded by Ben Volkow, Lenny Ridel, and Itan Barmes; the team has years of experience in cybersecurity, enterprise services, and post-quantum transformation, with Barmes previously leading Deloitte’s global quantum cybersecurity readiness team. Its platform helps enterprises identify and assess crypto asset risks and implement remediation measures, and is currently applied in industries including finance, telecommunications, healthcare, and critical infrastructure. It has also established partnerships with Cisco, AWS, Google, CrowdStrike, Deloitte, EY, and IBM, among others.
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Hyperliquid recommends that the U.S. Commodity Futures Trading Commission (CFTC) formally recognize that on-chain protocols are not required to register, and non-custodial wallets do not serve as financial intermediaries.
Hyperliquid Policy Center (HPC) and Phantom have jointly submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on whether existing rules keep pace with the evolution of financial technology, proposing to explicitly extend the distinction between "building tools" and "operating regulated businesses" to on-chain markets. The comments note that software engineers have been developing matching engines for regulated futures trading platforms for decades, and the CFTC has never classified them as trading platform operators. However, developers in the digital asset sector have long lacked such clarity, forcing many to opt for offshore development. The current CFTC, led by Chairman Selig, is working to address this gap and carve out room for innovation for fintech firms in digital asset and derivatives markets. The two entities put forward three key recommendations: First, explicitly confirm that merely publishing on-chain protocol software itself does not require registration — a factor often decisive for engineers when choosing where to develop. Second, establish a clear path for the CFTC’s registration bodies to operate regulated functions using on-chain infrastructure, enabling trading platforms and clearinghouses to replace decades-old legacy systems with transparent infrastructure. Third, formalize Phantom’s recent no-action letter into official rules, eliminating the need for self-custody wallet providers to apply for approved exemptions on a case-by-case basis. HPC and Phantom stress that self-custody and transparent on-chain systems can embed investor protection directly into technology, while regulated intermediaries retain responsibility for issues that technology cannot resolve independently. This approach will bring the next generation of financial markets within reach of U.S. consumers.
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Micron raises its U.S. investment plan to $250 billion, betting on demand for AI memory chips.
Micron Technology plans to increase spending on its new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global artificial intelligence boom. The move adds $50 billion to Micron’s previously announced $200 billion commitment to expanding domestic U.S. chip manufacturing, covering projects in New York, Idaho, and Virginia. The expenditure is expected to run through 2035, and will help the company achieve its target of producing 40% of its DRAM products in the U.S. within the next decade.
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.
Perpetual futures are right now crypto’s most active trading category. DefiLlama data showed $21.9 billion in perp DEX volume over 24 hours on July 3, 2026, with open interest across derivatives protocols at about $15.5 billion.
But the market is dominated and defined by Hyperliquid. The exchange led the sector with about $250.5 billion in 30-day perp volume, leaving little serious competition at the top.
That gap explains why new trading chains are still entering the market. The demand is clear, but the winner is not yet protected by regulation, brand loyalty, or deep institutional lock-in.
AFX is one of the newer challengers. It is a sovereign Layer 1 built around perpetual futures, with a fully on-chain order book, on-chain matching and settlement, zero-gas execution, 100ms median latency, fair ordering, and MEV-resistant protection.
On paper, the pitch is long. But the actual goal is simple: give traders Hyperliquid-style speed and liquidity, but with more of the trading stack moved fully on-chain.
AFX Daily Perp Volume and TVL. Source: DeFiLlama PlatformCore modelWhat it has provedWhere AFX differsHyperliquidCustom trading L1Deep perp liquidity and strong trader adoptionAFX follows a similar trading-chain thesis, but from a much earlier basedYdX ChainCosmos-based appchainPerp DEXs can leave shared execution environmentsAFX pushes more of the order flow and matching process on-chainGMXPooled liquidity and oracle pricingTraders will use pool-backed leverage without a central order bookAFX is built around exchange-style order book tradingDriftSolana-native hybrid modelFast execution can support active perp tradingAFX uses a sovereign L1 rather than Solana infrastructureLighterZK-verified derivativesVerification can become part of exchange designAll fees are redistributed to usersAevoRollup-based derivativesDerivatives can run through a dedicated rollupAFX takes the more vertically controlled L1 route The comparison is not whether AFX has more features than these platforms. The real question is whether its design solves the problems that matter during live trading: fast order placement, reliable cancels, deep maker liquidity, stable liquidations, and predictable execution when markets move sharply.
AFX Vs. Hyperliquid and dYdX AFX sits closest to Hyperliquid and dYdX, but the comparison is practical rather than one-to-one.
Hyperliquid is the liquidity benchmark. It has already proved that a custom trading L1 can attract serious perp volume, open interest, and trader mindshare.
AFX follows a similar high-performance trading-chain thesis, with 100ms median latency, zero-gas execution, on-chain orderbook trading, and deterministic ordering. Its challenge is proof: deeper liquidity, more market makers, and a longer record during volatile markets.
We didn't build another app.
We built the chain beneath it.
A sovereign Layer 1 where execution, settlement and risk management all happen fully onchain.
Designed for professional traders.
Ready for autonomous AI agents.
The next generation of perp trading starts here.… pic.twitter.com/JwSqMEeU9v
— AFX Trade (@AFX_XYZ) July 7, 2026 dYdX is the architecture benchmark. Its Cosmos-based chain uses in-memory orderbooks to keep trading fast while blocks sync the final state.
AFX pushes more of the trading process on-chain, including order placement, matching, and settlement. That gives traders more visible execution data, but it also raises the performance test.
Perp traders punish slow cancels, delayed matching, and weak liquidation systems quickly.
AFX Versus Lighter, Drift, and Aevo Lighter, Drift, and Aevo really show how varied the perp DEX field has become:
Lighter emphasizes ZK verification for matching and liquidations; Drift uses Solana-native execution with a hybrid system combining an AMM and a central limit orderbook; Aevo uses an EVM-based optimistic rollup for derivatives trading. AFX differs through vertical control. It uses a trading-specific L1 and aims to coordinate consensus, orderbook execution, settlement, margin, liquidation, APIs, and trader UX inside one dedicated system.
This is also where the AI-agent angle becomes important. AFX offers agent wallets that can place, cancel, and modify orders, update leverage and margin mode, and receive private WebSocket data.
Moreover, users can limit agent permissions for withdrawals, transfers, agent authorization, revocation, and vault operations.
Risk Design During Market Stress Perp DEX quality becomes visible during volatile markets. Mark-price design, liquidation mechanics, and backstop liquidity determine whether traders face orderly execution or unstable loss socialization. A strong venue needs risk controls able to hold up when price moves become fast, liquidity thins, and leverage unwinds at once.
AFX highlights several risk controls: manipulation-resistant mark pricing based on native orderbook data and external exchange feeds, staged liquidations, backstop liquidity through its vault, and capped open interest per market.
Security also deserves a word. Zellic’s public audit repository lists an AFX Bridge audit from May 2026 on EVM, which supports mention of a third-party audit for the bridge scope.
A Note on Incentives and Trader Alignment Perp DEXs often compete through points, rebates, fee tiers, maker rewards, vault yield, and revenue sharing. These tools can seed order flow, attract market makers, and reward active traders, although long-term value depends on sticky liquidity after rewards cool.
AFX’s VIP Program is a great example, where high-volume traders can receive lower fees and a share of platform fee revenue, with 30% to 50% of protocol revenue allocated across eligible tiers.
Importantly, AFX’s revenue sharing may help attract professional traders, but its durability will depend on execution quality, spreads, open interest, trader retention and more.
AFX Tokenomics and Community Distribution AFX’s tokenomics also support its active-trader positioning. The model is built around community distribution first, with 73% of the 1 billion token supply allocated across genesis distribution, protocol incentives, core community, and ecosystem development.
The largest single bucket is protocol incentives at 30%, which means the token model is designed to reward ongoing trading activity, liquidity participation, and node staking rather than only early access.
Genesis distribution accounts for 27% of supply and is fully unlocked at TGE, creating meaningful early float from day one instead of concentrating liquidity around delayed unlocks.
How AFX Promises to Distribute Its Revenue. Source: Medium AFX also has no VC allocation and no private rounds, which gives the token model a user-participation angle rather than a private-investor allocation structure. Core contributors receive 19% of supply, but this allocation has no TGE unlock, a one-year cliff, and 36-month linear vesting. This ties contributor incentives to longer-term protocol development rather than immediate liquidity.
The treasury allocation is set at 8% and is intended for compliance, infrastructure, and risk reserve needs under governance and foundation discretion. Points also connect current user activity with future token distribution, with a fixed 10 million-point pool across three seasons and conversion expected at TGE.
Who AFX Is Really Built For AFX makes the most sense for traders who care about execution control rather than simple leveraged exposure.
Active perp traders who want order book trading, fast order placement, and more control over entries, exits, and cancellations. Market makers and high-volume traders who need low fees, API access, predictable sequencing, and enough technical transparency to monitor execution quality. On-chain-native traders who prefer public settlement, visible order flow, and a trading stack that keeps more of the exchange process on-chain. Automated strategy builders who want agent wallets, private WebSocket data, and permission controls for bots or AI-assisted trading systems. Traders looking beyond crypto pairs who want perpetual exposure to stocks, indices, metals, and commodities inside a crypto-native venue. AFX is less suitable for casual users, passive DeFi investors, or traders who only want a simple leverage product with minimal setup. It is also not the obvious first choice for users who prioritise the deepest existing liquidity, the longest operating history, or the broadest stress-tested track record.
For those traders, Hyperliquid, dYdX, or GMX may still feel safer until AFX proves its liquidity, uptime, and liquidation design across more volatile market cycles.
The open issue is proof. AFX has early volume, a defined technical thesis, and a set of features aimed at active traders, but the strongest perp venues are judged over time. Liquidity depth, uptime during volatility, liquidation behavior, independent audits, and trader retention will matter more than launch metrics.
Key Takeaways Solana has declined 3% on Wednesday, approaching critical support at the 50-day EMA positioned at $76.67 ETF inflows for SOL plummeted to $1.67M on Tuesday, a significant decrease from Monday’s $8.36M Open Interest contracted 4% over the past 24 hours to $5.31 billion, indicating diminished trader engagement Technical analyst Ali Charts cautions that failure to break through the $79–$85 resistance zone could send SOL tumbling to $53 Market participants Scient and Ryker are monitoring the $74–$77 range as a critical support area before any bullish continuation Solana (SOL) has posted a 3% loss on Wednesday, continuing a downward trajectory that initiated following a rejection at a long-standing overhead resistance trendline around $83.94.
Solana (SOL) Price This pullback has brought SOL perilously close to a crucial technical support area at $76.67, where the 50-day Exponential Moving Average (EMA) currently resides.
Institutional interest in SOL appears to be waning. ETF inflows registered just $1.67 million on Tuesday, representing a dramatic reduction from Monday’s $8.36 million, per Sosovalue tracking data.
Source: SoSoValue Futures Open Interest for SOL contracted 4% during the past 24 hours, settling at $5.31 billion according to CoinGlass metrics. Simultaneously, trading volume declined 8% to $8.66 billion.
Funding rates currently sit at 0.0029%, climbing from the previous day’s -0.0042%. This reversal suggests market indecision among traders rather than a definitive directional bias.
SOL continues trading significantly beneath the 200-day EMA at $95.51, keeping the overarching trend neutral instead of decisively bullish.
Bearish Momentum Builds Below $83.94 Resistance The MACD indicator is trending downward toward its signal line, threatening a bearish crossover should buying interest continue deteriorating. Meanwhile, the RSI has retreated to 54, signaling weakening bullish momentum.
Immediate support rests at the 50-day EMA of $76.67, which aligns with the 50% Fibonacci retracement level at $76.92. A decisive close beneath this confluence zone could pave the way for a descent toward $60.13, representing approximately 22% downside.
Cryptocurrency analyst Ali Charts identified a substantial supply concentration between $79 and $85 in a post on X. Based on on-chain URPD analysis he presented, roughly 105 million SOL tokens changed hands within this price range.
SOLANA: BIG SUPPLY WALL
Solana is currently attempting to reclaim a resistance zone between $79 and $85.
According to URPD data, roughly 105 million SOL were transacted within this range, establishing a dense supply cluster.
Reclaiming this zone as support clears the overhead… https://t.co/CZXB9kPtOz pic.twitter.com/jiZI3GJ8z4
— Ali Charts (@alicharts) July 8, 2026
He emphasized that successfully breaching this resistance cluster would clear the path toward $100 initially, followed by $127. However, rejection at these levels could intensify selling pressure, potentially driving SOL down to $53.
Market Participants Focus on $74–$77 Support Region Trader Scient revealed he began accumulating his SOL position following the pullback into the $74–$77 area. He characterized this region as a previous breakout zone and positioned bids extending down to $74.
Should buyers successfully defend this support zone, the initial upside objective lies near $93. The broader target spectrum spans between $115 and $127.
Trader Ryker is drawing parallels between the current 2026 price action and Solana’s 2023 recovery pattern, when SOL established a base before launching a substantial rally. He acquired SOL at $40 during that cycle and exited at $122.
Ryker indicates he’s currently waiting for a more favorable entry opportunity before reentering positions. He suggests the current setup may require additional time to develop before the next significant upward movement materializes.
SOL ETF inflows on Tuesday totaled $1.67 million, marking the weakest performance in the past two days.
Vlad Tenev is not exactly known for posting crypto tutorials. So when the Robinhood CEO personally shared a guide walking users through how to move assets from Solana onto Robinhood Chain, it was a signal worth paying attention to.
The move comes just weeks after Robinhood Chain’s public mainnet went live on July 1, 2026.
What bridging actually looks like The Robinhood Wallet now supports bridging from Solana, Ethereum, and Arbitrum directly within the app, collapsing what used to be a multi-tab, multi-wallet operation into a single interface.
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The specific flow Tenev highlighted involves transferring USDC from Solana and receiving USDG on the other end. USDG is a Paxos-issued stablecoin native to Robinhood Chain, and the bridging runs through Across, a cross-chain transfer protocol. In plain terms: you put dollars in on the Solana side, and spendable stablecoin comes out on Robinhood’s chain, ready to use for trading tokenized equities or other on-chain activity.
That last part matters. This isn’t bridging for bridging’s sake. The destination has actual financial products attached to it, including tokenized stock tokens for companies like NVDA, GOOG, and AAPL, all priced using Chainlink’s decentralized oracle network.
What Robinhood Chain actually is Robinhood Chain is an Ethereum-compatible Layer 2 built on the Arbitrum stack, running under Chain ID 4663 with block times around 100 milliseconds. For context, Ethereum’s mainnet produces a block roughly every 12 seconds. Robinhood Chain is moving about 120 times faster.
The mainnet launched alongside a partnership with Uniswap, which provides decentralized trading infrastructure, and Chainlink, which feeds reliable price data for tokenized equities on-chain.
World, a prediction market platform that previously operated on Solana, is also migrating to Robinhood Chain.
Why this matters for retail investors Coinbase launched its own Layer 2, Base, in 2023, and it has grown into one of the more active chains in the ecosystem. Robinhood is entering that same category of exchange-backed L2s, but with a sharper focus on tokenized equities rather than general-purpose DeFi.
By welcoming assets from Solana, Ethereum, and Arbitrum rather than demanding users start fresh, Robinhood is lowering the cost of trying the chain. You don’t have to abandon wherever you already are. You just move some USDC over and see what the products feel like.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@world_xyz, the on-chain prediction market that went live on @solana inside @phantom on July 1, posted this week that it is migrating off the chain for @RobinhoodCrypto Chain after what it described as "careful deliberation from the team in the last 24 hours."
Take it with a pinch of salt. The claim rests on a single post with no confirmation from Robinhood, it landed just seven days after the Solana launch, and the account has a well-documented taste for meme-cult trolling. Real pivot or the year's cleanest bandwagon troll? That question is still open.
What World actually built on SolanaWorld launched on July 1, available at world.xyz and within the Phantom wallet on iOS, Android, and desktop. The platform is non-custodial, meaning funds only move when a user enters a market, and all positions, settlement, and redemptions occur on-chain.
Chainlink provides World's oracle infrastructure through Chainlink Data Streams and the Chainlink Runtime Environment, a setup designed to enable automatic payouts and reduce reliance on human-led resolution. World uses Phantom's CASH stablecoin as its settlement currency, allowing winning positions to be redeemed automatically inside the Phantom wallet.
At launch, World offers Bitcoin price contracts and 2026 FIFA World Cup markets, with additional sports, politics, and macroeconomic markets planned in the weeks ahead. CoinDesk also reported that the Phantom integration is the first of several frontend distribution partnerships World plans to activate across traditional fintech and crypto platforms in July.
Why Robinhood Chain is suddenly a talking pointThe timing is not entirely random. Robinhood launched the public mainnet of Robinhood Chain on July 1, a Layer 2 blockchain built on the Arbitrum platform and connected directly to the firm's on-chain user base. The network is designed for financial services and real-world assets, with Chainlink serving as its official data and cross-chain oracle infrastructure.
The launch drew significant attention across crypto circles, making it an obvious target for anyone looking to ride the news cycle. Robinhood has steadily expanded beyond stocks and spot crypto trading into tokenized equities, perpetual futures, and event contracts, which means a genuine integration between World and Robinhood Chain is not completely implausible. But there is nothing on record from Robinhood to support the claim, and the framing of the original post, rushed deliberation in 24 hours and a chain switch one week in, reads more like performance than strategy.
Until Robinhood confirms any partnership, this sits firmly in the unverified column.
Sources
CoinDesk: Mysterious Solana Project World Unveiled as Fully Onchain Prediction Market
CoinMarketCap: Solana Prediction Market World Launches Inside Phantom Wallet
Robinhood Newsroom: Robinhood Chain Mainnet Launch
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.
Grayscale, a leading digital asset investment firm, highlighted 8 crypto with the most important narratives shaping the market today. Each asset carries a distinct story driving adoption, developer activity, and investor interest.
Here is a closer look at each narrative, its current price, and how far it sits from its all-time high.
Every asset has its narrative:$BTC → Digital money$ETH → World Computer $XRP → Global payments$SOL → High performance $HYPE → Onchain trading 24/7$LINK → Tokenization & oracles$SUI → Next gen infrastructure$AVAX → Mass customization
— Grayscale (@Grayscale) July 8, 2026 What the 8 Grayscale Crypto Narratives Actually MeanEach crypto carries a distinct narrative, from Bitcoin’s digital money to Ethereum’s world computer, driving adoption and investor interest across the market.
Bitcoin (BTC) – Digital MoneyBitcoin remains the original narrative of decentralized digital money and a hedge against fiat debasement. Its fixed supply and growing institutional adoption through ETFs and corporate treasuries reinforce its role as a store of value.
Furthermore, it anchors the entire crypto market as the reserve asset. BTC trades around $62,000, roughly 51% below its all-time high near $126,000, yet long-term conviction stays strong.
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Bitcoin (BTC) Price Performance. Source: BeInCryptoEthereum (ETH) – The World ComputerEthereum powers smart contracts and decentralized applications, earning it the title of the programmable world computer. Its dominant DeFi and NFT ecosystems, combined with staking and Layer-2 scaling, sustain relevance despite fierce competition.
Moreover, ongoing upgrades and institutional flows continue to support the network. ETH trades near $1,732, about 65% below its all-time high close to 4,878 dollars from the 2025 cycle.
Ethereum (ETH) Price Performance. Source: BeInCryptoXRP – Global PaymentsRipple’s XRP focuses on fast, low-cost cross-border payments for financial institutions. Regulatory clarity in the United States has meaningfully boosted its utility and adoption potential.
As a result, banks and payment providers increasingly view it as a viable settlement infrastructure. Trading around $1.09, XRP sits roughly 72% below its all-time high near $3.84, with upside tied to expanding payment adoption.
XRP Price Performance. Source: BeInCryptoSolana (SOL) – High PerformanceSolana stands out for its high-throughput blockchain, enabling fast, cheap transactions ideal for memecoins, DeFi, and consumer apps. Despite past network outages, its ecosystem continues to expand through new projects and institutional interest.
Furthermore, ETF launches and treasury strategies have added fresh demand. SOL trades near $77, about 74% below its all-time high of $293, yet developer activity remains consistently strong.
Solana (SOL) Price Performance. Source: BeInCryptoHyperliquid (HYPE) – Onchain Trading 24/7Hyperliquid powers a high-performance Layer-1 optimized for decentralized perpetual futures and spot trading. It has captured a major share of the on-chain derivatives market while generating substantial real revenue.
Moreover, consistent fee buybacks remove tokens from circulation, increasing scarcity and supporting the price. HYPE trades near $67, only about 13% below its all-time high of $76.70, showing remarkable resilience versus peers.
Hyperliquid (HYPE) Price Performance. Source: BeInCryptoChainlink (LINK) – Tokenization and OraclesChainlink provides essential oracle services, connecting blockchains to real-world data and powering the tokenization of assets. As real-world asset tokenization gains traction across finance, its role in infrastructure becomes increasingly critical.
Furthermore, partnerships with major banks strengthen its long-term positioning. LINK trades near $7.59, roughly 85% below its all-time high close to $53, but is positioned for RWA-driven growth.
Chainlink (LINK) Price Performance. Source: BeInCryptoSui (SUI) – Next-Generation InfrastructureSui offers a high-speed, object-centric blockchain designed for scalability in gaming, DeFi, and next-generation applications. Its performant architecture has attracted meaningful developer interest as an alternative to older networks.
Moreover, its technical foundations remain strong despite recent price weakness. SUI trades near $0.70, about 87% below its all-time high of around $5.35, reflecting the broader altcoin correction.
Sui (SUI) Price Performance. Source: BeInCryptoAvalanche (AVAX) – Mass CustomizationAvalanche enables custom subnets for tailored blockchain solutions, appealing to enterprises and specialized use cases. This flexibility supports mass adoption across gaming, finance, and institutional sectors seeking dedicated infrastructure.
Furthermore, subnet-driven growth offers a distinct path toward real-world deployment. AVAX trades around $6.42, roughly 95% below its all-time high near $146, with recovery tied to institutional adoption.
Avalanche (AVAX) Price Performance. Source: BeInCryptoGrayscale’s emphasis comes as the crypto market transitions toward fundamentals such as usage, revenue, and regulatory clarity. Most assets fell sharply from their 2025 peaks. However, their distinct value propositions position them for potential recovery, provided execution follows the narrative.
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Robinhood CEO Vlad Tenev has sparked mixed community reactions after he pushed the newly launched Ethereum L2, Robinhood Chain, as a great option for memecoin activity. Initially positioned as focused on real-world assets (RWA) tokenization, his openness to trying memecoins was met with strong criticism and little support.
While we’re building Robinhood Chain to be the best chain for RWA … it works great for memes too.
Some venture capitalists in the sector slammed the move, questioning the viability of another Ethereum L2. Simon Dedic of Moonrock Capital retorted,
Just another L2 that offers no real value over the existing ones is exactly what we were missing. But hey, you can trade memes on it too. Someone tell Vlad it’s not 2024 anymore.
Some even drew comparisons to Coinbase CEO Brian Armstrong, whose centralized platform has been slow to list memecoins. However, for Base, the L2 has been onboarding some memecoins.
For perspective, Solana became a key spotlight at the early stage of this current market cycle because of the memecoin mania, driven by PumpFun.
Unfortunately, retail investors incurred heavy losses, and some became scam victims. Memecoin issuers like Trump-affiliated World Liberty Financial pocketed most of the gains. So, it’s understandable why some hate memecoins.
Can Robinhood L2 dominate memecoin activity? Still, memecoins command blockchain activity. Besides, they are the best way to gain market share, especially for a new chain like Robinhood Chain.
For perspective, memecoin activity accounts for 40%-50% of the total trading volume across Solana and BNB Chain. Apart from Ethereum, Solana and BNB Chain are some of the top chains by total value locked (TVL).
Source: Dune In fact, Base has also been ranking fourth in terms of memecoin dominance with less than a 2% market share.
In other words, Tenev may be betting on memecoins to catch up with his rivals and has been onboarding even new DEX platforms. Surprisingly, the hype seems to be working, at least after his post went viral.
For example – Cash Cat [CASHCAT] and 4663, two of the memecoins on Robinhoood Chain, have exploded by 1100% and 800% in the last 24 hours as traders rushed to bridge into the L2.
Amid the FOMO, the L2 saw its TVL grow 10x in less than a week from $10M to $105M. Similarly, DEX volumes increased from $10M to $52M, further underscoring the growing traction.
Source: DeFiLlama It remains to be seen whether the traction will be sustainable and help rival Base and other top chains.
Final Summary Robinhood CEO wants its new L2 to dominate RWA and memecoins Memecoin mania has sparked traction on the Robinhood Chain, driving activity by 10X
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.
Yesterday, the total net inflow into U.S. Ethereum spot ETFs stood at $70.5 million.
According to Farside's monitoring, U.S. Ethereum spot ETFs recorded a total net inflow of $70.5 million yesterday, among which Fidelity's FETH had a net inflow of $69.2 million.
14 minutes ago
Goldman Sachs: China's AI has become one of the most notable growth narratives in today's tech sector.
In the report titled "Investment Strategy: Long China's AI Value Chain", Goldman Sachs analyst Louis Mille wrote: "China's AI industry has officially come into our focus." This is attributed to "an unprecedented combination of massive state support, surging global demand, and structural capital rotation, which has made China's AI one of the most compelling growth stories in today's tech sector." Goldman Sachs put forward three key points to support its investment thesis: a severe mismatch between the market capitalization of Chinese AI firms and their market potential, leaving ample valuation upside; China's AI industrial chain has unique competitive advantages undervalued by the market; and the Chinese AI sector has outperformed other Chinese assets, with capital being structurally incrementally allocated to it.
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For the first time, the US Federal Reserve has listed AI investment as one of its three major inflation risks.
The Federal Reserve released its meeting minutes on Wednesday, with officials at last month’s gathering generally agreeing they would need to raise interest rates if inflation remains persistently high this year. At the same time, they also concurred that rates could be held steady if upward price pressures fade quickly. Notably, Nick Timiraos—known as the “New Fed Wire” reporter—spotted an interesting detail in the documents: Fed officials are increasingly focusing on an inflation driver barely mentioned in debates just months ago: the boom in AI investment. Per the minutes, this is categorized as one of three key forces pushing inflation higher, alongside the Middle East conflict and tariffs—factors that could keep prices elevated and prompt the Fed to pivot to rate hikes. The minutes, released three weeks behind schedule, reflect growing concerns over inflation outlooks. More officials pointed out that robust business investment in AI infrastructure is a new force that could sustain price pressures. The minutes noted: “Several participants commented that price pressures have become more broad-based, with a large share of goods and services… experiencing significant increases.”
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Sony plans to launch its stablecoin issuance business in 2027, having secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
Sony has obtained conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the United States. The company plans to launch its subsidiary Connectia Trust this month, with an aim to kick off U.S. dollar-denominated stablecoin issuance and management operations in 2027.
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Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $84.9 million.
According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded total net outflows of $84.9 million yesterday, with BlackRock’s IBIT alone seeing total net outflows of $59.1 million.
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10% of fees from Robinhood Chain and other Arbitrum Layer 2 (L2) networks will be allocated to the Arbitrum ecosystem, while 8% will flow to the token holders' treasury.
Offchain Labs co-founder Steven Goldfeder stated that 10% of fees generated by Robinhood Chain and other Arbitrum Layer 2 (L2) networks will flow to the Arbitrum ecosystem. Of that total, 8% will go to a treasury controlled by ARB token holders, while 2% will be earmarked for development funding. This mechanism gives the ARB token holder treasury a steady revenue stream, with the relevant funds potentially used for ecosystem grants, token buybacks, or staking rewards in the future. Should Robinhood Chain’s trading volume continue to grow, it could further strengthen the Arbitrum ecosystem’s revenue-generating capacity.
Solana News: The Solana Foundation has appointed Michael Coates, Twitter’s first-ever Chief Information Security Officer and a veteran of Mozilla and enterprise SaaS security, as its new CISO, a hire that signals the Foundation is treating security as a boardroom priority rather than an engineering footnote.
Coates announced the move on X on July 7, 2026, describing it as a new chapter driven by his longstanding draw to fast-moving new frontiers.
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Solana News: Why Coates Chose Solana The draw, according to Coates, was scale. He cited Solana’s tens of billions of dollars in daily stablecoin volume and its position processing more transactions each day than most of the cryptocurrency industry combined as the deciding factors.
He also pointed to the launch of SpaceX tokenized shares on Solana on the same day the asset debuted on Nasdaq, a data point that illustrates how quickly real-world financial activity is migrating to the network.
Big Update for me – a new chapter and I'm now CISO of @SolanaFndn .
I've always been drawn to fast moving new frontiers. Head of Security of Mozilla during the height of the browser wars, the first CISO of Twitter as they burst onto the world's stage, and even as a startup… pic.twitter.com/nrxtpxIKqZ
— Michael Coates (@_mwc) July 7, 2026
That activity has been building steadily. According to 99Bitcoins, Solana’s decentralized application revenue has reportedly grown for nine consecutive quarters, giving institutional participants and builders an increasingly compelling case for committing infrastructure to the chain.
Coates is walking into a network already operating at significant financial and transactional scale, which is precisely why the security role carries real weight.
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A Resume Built for This Moment Coates’s background is unusually well-matched to the crypto security challenge. He served as Head of Security at Mozilla during the browser competition era, then became Twitter’s inaugural CISO as the platform scaled to hundreds of millions of users, building the security function from scratch against organized cybercrime and nation-state adversaries.
He later founded Altitude Networks, a cloud data security startup focused on SaaS document theft prevention, which was acquired by CoinList. That acquisition brought Coates into the crypto sector directly, where he gained experience with crypto infrastructure before his move to Solana.
He also testified before Congress earlier this year on AI and cybersecurity, covering both the offensive risks that AI poses to digital security and the defensive potential of AI capabilities when used effectively, as he noted in his remarks. Both sides of that equation are directly relevant to his new role.
What He Will Actually Do At the Solana Foundation, Coates said his remit spans three areas: strengthening operational security across the network, improving application security practices for builders, and engaging with policymakers and standards bodies on cybersecurity regulation affecting the crypto sector. He described the current threat environment plainly – attackers remain heavily motivated to steal digital assets, and malicious uses of artificial intelligence are becoming an increasing concern.
The governance infrastructure Coates will help protect has grown more sophisticated in recent months. Solana’s on-chain governance framework reportedly includes staker override mechanisms that give token holders a direct check on validator behavior, the kind of decentralized coordination system that requires hardened operational security to function as designed.
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Last week, approximately $40 million in assets were transferred to the Solana blockchain from other chains, as reported by SolanaFloor. This development highlights a growing trend of cross-chain inflows into Solana amid a broader movement of liquidity toward the network. Solana has seen nearly $500 million in bridged assets this month, with a significant portion originating from Ethereum. These inflows suggest a sustained interest in Solana’s DeFi and stablecoin ecosystem, which has been gaining traction for its high-performance capabilities.
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Key Takeaways Recent asset inflows into Solana appear to be consistent with increased interest in its blockchain ecosystem. Market pricing suggests this movement could moderately boost the probability of Solana reaching the $90 target in July. The steady migration of liquidity to Solana may indicate ongoing confidence in its DeFi and stablecoin infrastructure. What to Watch Watch for any further increases in asset inflows to Solana, as continued growth could reinforce the current pricing outlook. Key indicators include potential announcements regarding new financial products on Solana or significant upgrades to the network’s capacity. Developments in these areas could be supportive of scenarios where Solana achieves higher price targets in the coming weeks.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 31% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 3.8% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.9% — — View market → August 1 2026 10% — — View market → August 1 2026 1% — — View market → August 1 2026 17% — — View market → August 1 2026 0.2% — — View market → August 1 2026 3.2% — — View market → August 1 2026 0.1% — — View market →
A wallet named Ansem-2 spent $233,000 to buy 2.79 million Cash Cat (CASHCAT) tokens within three hours. On-chain data links the wallet to a Solana address tied to trader Ansem (@blknoiz06).
The Solana address, CLM6E4zpTviEC77nWKogpVLQoXx9tgoQCYJ8NibxKg1Q, holds 10.5 million The Black Bull (ANSEM) tokens. It has generated roughly $2.6 million in past ANSEM profits. Ansem has not confirmed any link to the purchase.
A Fast, Targeted CASHCAT BuyBlockchain analytics firm Lookonchain flagged the transaction on July 8. The wallet, labeled “Ansem-2” and starting with 0x6f5b, moved quickly, accumulating 2.79 million CASHCAT tokens in under three hours.
CASHCAT trading volume topped $73 million in the past 24 hours, underscoring active speculative interest. The token ranks 283rd by market capitalization and carries a circulating supply of nearly 1 billion coins. The purchase, therefore, represents a meaningful slice of daily volume, not a token launch bet.
Meanwhile, Solana’s meme coin sector has stayed active through July. That backdrop gives fresh CASHCAT buying extra visibility among traders who track large wallets.
CASHCAT Price Performance. Source: BeInCrypto MarketsWallet Trail Points to AnsemInvestigators tied the EVM wallet to CLM6E4 through shared transaction patterns. Neither address carries an official label. The Solana wallet’s 10.5 million ANSEM tokens are worth roughly $3.2 million at current prices.
That stake sits inside The Black Bull’s recent volatility. The token surged earlier after Ansem pledged weekly creator fee airdrops to holders. It has since fallen 28% in a day yet remains up more than 130% over the past week.
Historically, the wallet has turned a $2.6 million profit trading ANSEM. Lookonchain reported that figure alongside the wallet’s current holdings. That record suggests the CASHCAT purchase may follow a similar pattern, not a random bet. Traders who monitor Ansem-linked wallets often treat his moves as an early signal.
Speculation Without ConfirmationNo public statement from Ansem confirms the wallet belongs to him. Attribution therefore stays speculative, resting entirely on on-chain analysis rather than a verified claim.
Ansem has stayed active elsewhere. He recently pushed Pump.fun to approve a $300 million token airdrop. He argued that Ethereum faces a worse spot than 2023, a view some traders disputed.
If the wallet does belong to him, the CASHCAT position adds another data point. Traders already watch his record closely, and confirmation, so far, has not arrived. That gap between suspicion and proof keeps CASHCAT under the spotlight for now.
Bitcoin and altcoins continue to experience volatile movements due to both geopolitical and macroeconomic factors.
While predicting both bullish and bearish trends for BTC and altcoins, the latest analysis comes from expert analyst Michaël van de Poppe.
Poppe, covering Bitcoin, Ethereum, and Solana, shared his analysis from his X account.
Ethereum is a Better Investment Option Than Bitcoin! First, he stated that Ethereum is a better investment option than Bitcoin in the future.
The analyst noted that Ethereum has been remarkably resilient despite recent declines, returning to an uptrend for the first time in a year.
In this context, Poppe added that Ethereum maintained its position without experiencing a significant drop during Bitcoin’s recent correction.
Secondly, the analyst who examined Bitcoin stated that there is still no problem with the outlook for BTC.
According to the analyst, the BTC price continues to trade above $60,000 despite the renewed outbreak of war in the Middle East.
At this point, the analyst stated that the critical level for BTC is $61,000.
The analyst also said that Bitcoin has either reached its bottom or is going through an accumulation phase.
Finally, the analyst stated that he expects a correction in Bitcoin and altcoins in September/October, followed by a new major uptrend across all markets in the fourth quarter.
What’s the Situation in Solana? Poppe recently reviewed Solana and stated that he maintains his positive outlook for SOL.
The analyst notes that Solana is still in an uptrend, stating that the year-long downtrend against Bitcoin has been broken.
In this context, the analyst stated that he does not expect this trend to stop, and believes it is only a matter of time before the SOL price trades above $100 again.
The analyst, who argued that SOL should be in everyone’s portfolio, said that the situation is actually simple:
“SOL is in an uptrend against the Dollar and BTC.
Buy the dip when it falls 10-30% against BTC.”
*This is not investment advice.
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Solana’s ETF story keeps gaining weight. The latest Bitwise-linked filing puts SOL more firmly into the institutional product conversation, even if approval is still a separate and much harder question.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
For more details, visit the official SEC platform.
TL;DR A Bitwise-linked Solana ETF filing has entered the regulatory queue.The filing adds to the growing race to bring SOL exposure into US fund wrappers.Solana is increasingly being treated as the next serious test for crypto ETFs beyond Bitcoin and Ethereum. Why the filing matters ETF filings are not approvals, but they are signals. They show that issuers believe there is enough demand, enough legal argument, and enough market infrastructure to justify pushing the product forward.
For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
The Market Read Avoid saying approval is likely; focus on the queue and issuer interest.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Solana readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from sec.gov.
This article was written by the News Desk and edited by Samuel Rae.
Solana’s ETF story keeps gaining weight. The latest Bitwise-linked filing puts SOL more firmly into the institutional product conversation, even if approval is still a separate and much harder question.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
For more details, visit the official SEC platform.
TL;DR A Bitwise-linked Solana ETF filing has entered the regulatory queue.The filing adds to the growing race to bring SOL exposure into US fund wrappers.Solana is increasingly being treated as the next serious test for crypto ETFs beyond Bitcoin and Ethereum. Why the filing matters ETF filings are not approvals, but they are signals. They show that issuers believe there is enough demand, enough legal argument, and enough market infrastructure to justify pushing the product forward.
For Solana, that matters because it keeps moving the asset out of the purely crypto-native lane. The more firms that file, the more serious the market has to be about SOL as a potential institutional allocation product.
The Market Read Avoid saying approval is likely; focus on the queue and issuer interest.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Solana readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from sec.gov.
This article was written by the News Desk and edited by Samuel Rae.
Folarin Balogun told American soccer fans “we let you down” after the US men’s national team was bounced from the 2026 FIFA World Cup in a 4-1 Round of 16 loss to Belgium on July 7. The apology, posted to Instagram, was heartfelt. But for crypto traders, the real action had already happened off the pitch.
The drama surrounding Balogun’s eligibility in the days before the Belgium match sent prediction markets into overdrive. Trading volumes reportedly reached into the hundreds of thousands as bettors wagered on whether the 25-year-old striker would even be allowed to play. A Solana-based meme token called $BALOGUN also emerged during the chaos, turning a sports controversy into yet another speculative vehicle for retail traders.
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The eligibility saga that launched a meme coin Balogun had picked up a red card during an earlier group-stage match against Bosnia and Herzegovina, which initially resulted in a FIFA ban that would have sidelined him for the knockout round.
FIFA ultimately lifted the suspension under a probationary agreement just days before the Belgium match. That reversal was reportedly influenced by external pressure, including intervention from President Donald Trump.
The $BALOGUN meme token on Solana surged during the eligibility drama. Prediction markets lit up as traders priced in the likelihood of Balogun’s reinstatement in real time, with trading volumes hitting hundreds of thousands of dollars.
Three goals and a bitter exit Balogun scored three goals during the World Cup, marking himself as one of the breakout stars of the competition. This was his first World Cup appearance, a detail he emphasized in his social media apology.
The 4-1 scoreline against Belgium was brutal. His post-match message focused on the pain of knowing it would be four years before the team gets another shot at the tournament.
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.
The fragile calm between the US and Iran didn’t survive the week. Fresh American airstrikes ended what had been a tenuous ceasefire, sending oil prices sharply higher and triggering a broad selloff across every asset class that carries even a whiff of risk. Crypto, predictably, was not spared.
Bitcoin dropped below $62K on Wednesday, shedding 3.3% in 24 hours. Ethereum fared worse, falling 4.2% to trade near $1,700. Solana took the hardest hit among major tokens, sliding 6.8% to around $76. XRP dipped below $1.10. The Fear & Greed Index, which measures overall crypto market sentiment, sits at 20, firmly in “Extreme Fear” territory.
What happened and why it matters Here’s the thing about geopolitical shocks: they don’t need to directly involve crypto to crush crypto. The transmission mechanism is straightforward. Military escalation in the Middle East pushes oil prices up. Higher oil prices mean higher inflation expectations. Higher inflation expectations mean the Federal Reserve is less likely to cut rates anytime soon. And rate cut expectations are basically rocket fuel for risk assets, crypto included.
The S&P 500 and Nasdaq both dropped on Wednesday as traders recalibrated their positions. When equities sell off on geopolitical fear, crypto tends to follow with extra volatility, like a smaller boat getting tossed around in the same storm that rocks the larger ships.
The correlation between Bitcoin and traditional risk assets has been a persistent theme this cycle. For all the talk of Bitcoin as “digital gold” or an uncorrelated hedge, it continues to trade like a high-beta tech stock when fear spikes. Wednesday was a textbook example.
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Oil’s jump is particularly important to watch. Energy prices feed directly into consumer price data, which feeds directly into Fed policy decisions, which feeds directly into how much liquidity is sloshing around for speculative assets. It’s a chain reaction, and the first domino just got knocked over.
The broader context Look, this selloff didn’t happen in a vacuum. The crypto market was already on shaky ground. The Fear & Greed Index was at 11 just last week, which is about as terrified as the metric gets. It’s now at 20. In English: sentiment went from “hiding under the bed” to merely “extremely nervous.” Progress, technically, but not the kind anyone celebrates.
Bitcoin’s 7-day change actually shows a 3.6% gain, according to CoinGecko data, which means the token had been climbing before Wednesday’s geopolitical news wiped out a chunk of those gains. That’s the frustrating part for bulls. The market was trying to recover, and then the real world intervened.
The top-performing crypto category over the past seven days was DeFi, which managed a grand total of 0.0% change. When the best sector in your market is the one that didn’t move at all, you know conditions are rough.
Solana’s 6.8% daily decline is worth noting because it illustrates how lower-cap majors tend to amplify Bitcoin’s moves. When BTC drops 3%, SOL drops nearly 7%. That leverage works both ways, of course, but during risk-off episodes it’s cold comfort to SOL holders.
What this means for investors The immediate question is whether this escalation represents a one-off shock or the beginning of a sustained period of elevated geopolitical risk. Markets can digest single events relatively quickly. An extended military campaign between two major powers is a different beast entirely, one that would keep oil elevated, inflation expectations high, and central bankers hawkish for longer than anyone in crypto wants to think about.
For crypto specifically, the $62K level for Bitcoin becomes a key area to watch. If it holds as support on a closing basis, the dip could end up being a buying opportunity in hindsight. If it breaks convincingly lower, the next leg down could get ugly fast, especially with sentiment already deep in fear territory.
There’s also the matter of positioning. Extreme Fear readings on the sentiment index have historically preceded local bottoms in crypto. Warren Buffett’s old line about being greedy when others are fearful gets thrown around a lot, but it’s worth remembering that the index was at 11 last week and the market still found a way to get worse. Fear can persist longer than contrarian traders expect.
The risk-reward calculus here depends almost entirely on variables outside crypto’s control. Oil prices, diplomatic developments, and Fed rhetoric will drive the next move more than any on-chain metric or technical pattern. For investors who believe the geopolitical situation will de-escalate, current prices could look attractive in a few weeks. For those who think this is just the opening chapter of a broader conflict, capital preservation becomes the priority.
Either way, Wednesday was a reminder that crypto doesn’t exist in a bubble. When jets fly, tokens fall.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
According to official announcements, prediction market platform World has announced it will migrate from Solana to the Robinhood Chain. As previously reported, World officially launched on July 1.
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Solana is about to get significantly faster. The network’s upcoming Alpenglow upgrade, targeting a mainnet launch in the third quarter of 2026, promises to reduce transaction finality times from roughly 12.8 seconds down to 100-150 milliseconds.
Solana co-founder Anatoly Yakovenko confirmed in May 2026 that mainnet deployment is on track for Q3 2026, following successful testing on a community test cluster. The upgrade has been in the works since at least September 2025, when governance proposal SIMD-0326 passed with 98.27% approval from stakeholders, with roughly 52% of all staked tokens participating in the vote.
What Alpenglow actually changes The upgrade, led by Anza, an engineering team focused on Solana’s core infrastructure, replaces two of Solana’s most fundamental consensus mechanisms. Out go Proof of History and Tower Byzantine Fault Tolerance, the original technical pillars of the network. In their place come two new systems called Votor and Rotor.
One of the most consequential changes is the removal of on-chain vote transactions. Under the current system, validators continuously broadcast votes to the network as a form of consensus signaling. Those votes consume meaningful network resources. Eliminating them simplifies the network’s processing load and frees up capacity for actual user transactions.
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Alpenglow is currently live on a community test cluster and is expected to roll out under the Agave 4.1 client.
Why 150 milliseconds matters more than it sounds Human reaction time is roughly 200-250 milliseconds. A transaction settling in 100-150 milliseconds means Solana finalizes trades faster than a person can physically react to pressing a button.
High-frequency trading desks that operate on Solana currently have to build latency into their strategies to account for finality windows. Shrinking that window by roughly 100 times gives those operations far more room to work with, and makes Solana substantially more competitive with centralized exchanges that already operate at sub-second speeds.
DeFi protocols face a similar calculus. Liquidation engines, automated market makers, and oracle-dependent applications all perform better when the chain underneath them settles faster. Slower finality means wider safety margins have to be built into protocol design, which in turn means less capital efficiency for users. Faster finality allows protocols to tighten those margins without increasing risk.
Tokenized assets, whether they represent Treasury bills, equities, or real estate, require settlement reliability that mirrors or exceeds traditional finance infrastructure. A 150-millisecond finality window is a credible answer to institutional settlement requirements in a way that a 12.8-second window simply is not.
What investors should watch The governance vote passing with 98.27% approval is about as close to unanimous as blockchain governance gets. Contentious upgrades typically see significant dissent, lengthy forum debates, and sometimes competing forks. Alpenglow had none of that.
The removal of on-chain vote transactions is particularly worth monitoring. It streamlines validator operations and could reduce the cost of running a validator, which may affect the distribution and composition of the validator set over time. Staking mechanisms are preserved under the upgrade’s design, but the economics of validation shift when a major cost center is removed.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto markets declined earlier today, Wednesday, July 8, after renewed military action between Iran and the United States weighed on investor sentiment.
President Donald Trump said the recent ceasefire with Iran was "over" after fresh exchanges of airstrikes. Speaking alongside NATO Secretary General Mark Rutte at the NATO summit in Ankara, Trump said the agreement was no longer in effect. He later added that the United States would likely strike Iran again tonight, accusing Iran of violating the ceasefire.
WTI crude oil climbed more than 5% to over $75 per barrel, while Bitcoin fell to an intraday low near $61,800 before trading around $62,000, down roughly 2% over the past 24 hours.
Liquidations Accelerate the Selloff The decline triggered widespread liquidations across the crypto market. According to CoinGlass, 139,860 traders were liquidated over the past 24 hours, totaling $396.88 million. More than $300 million came from long positions as falling prices forced leveraged traders to exit.
Altcoins also came under pressure. Solana dropped below $77 and traded about 5.8% lower over the same period.
ETF Inflows Offer a Different Signal Despite weaker prices, institutional investors continued adding exposure to Bitcoin. U.S. spot Bitcoin ETFs recorded $21.44 million in net inflows on Tuesday, July 7, extending a three-day streak that also included inflows of $265.69 million on July 6 and $221.72 million on July 2. It marked the first three-day inflow run since record ETF outflows began in June.
BlackRock's $IBIT led the latest session with $54.8 million in inflows, offsetting withdrawals from Fidelity's $FBTC and $ARKB. Total Bitcoin ETF assets have recovered to $77.26 billion from a June 30 low of $70.95 billion.
While the inflows remain modest compared with earlier in the year, they ended the record streak of ETF outflows that dominated June and suggest the relentless institutional selling may have run its course. Markets will now watch the upcoming U.S. inflation data and the Federal Reserve's late July meeting for confirmation that the recovery can continue.
Solana Fundamentals Remain Resilient Although Solana declined alongside the broader market, several underlying indicators continued to improve. Spot Solana ETFs attracted $5.74 million in net inflows over the past week, one of their strongest weekly performances in 5 weeks. Total net inflows have now reached $1.15 billion.
Cross chain activity also remained healthy, with nearly $40 million worth of assets bridged to Solana during the past week.
Network usage has also stayed strong. Earlier this week, Solana reclaimed the top position among all blockchains in daily Network Real Economic Value after 4 months. The network recently surpassed 1 billion weekly non-vote transactions and delivered record Q2 results across tokenized equities, dApp revenue, and perpetual futures trading.
For now, investors appear to be balancing improving long term market participation against near term geopolitical risks that continue to drive volatility across both traditional and digital asset markets.
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The price of Solana (SOL) has declined below $77, coinciding with the collapse of the Iran ceasefire and a drop in Bitcoin (BTC) to $62,000. The renewed geopolitical tensions have led to a sharp reversal in crypto markets, reflecting broader market concerns over energy security and potential inflationary pressures. Solana’s price is currently between $76.96 and $78.47 as analysts reassess the impact of these developments on risk assets. The market pricing appears to be consistent with a decrease in Solana’s prospects, as the coin struggles to maintain its previous support level.
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Key Takeaways Market behavior suggests that Solana’s price prospects are negatively impacted by the collapse of the Iran ceasefire. The current geopolitical situation appears to have contributed to a broader decline in cryptocurrency values, including Bitcoin. Solana’s fall below the $77 support level is seen by analysts as a potential indicator for further declines. What to Watch Monitor geopolitical developments closely, particularly any further escalations or resolutions that could impact global markets. Additionally, the market’s response to Solana’s price movements around the $63–$65 zone will be crucial in determining the short-term outlook. If Solana fails to recover above its previous support level, it may indicate prolonged market concerns over risk assets.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 30.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 4.2% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.8% — — View market → August 1 2026 10% — — View market → August 1 2026 1% — — View market → August 1 2026 15.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 3.1% — — View market → August 1 2026 0.1% — — View market →
