Solana is currently trading just above the $73-$75 support zone, a critical region watched closely by traders following its recent breakout. The price action near this range is seen as pivotal for determining whether SOL can extend its short-term recovery, with attention turning toward potential upside levels at $80 and $85.
Short-Term Structure Maintains Bullish ToneAfter breaking through significant resistance in the mid-$70s, Solana has entered a consolidation phase centered around $75.5. The breakout structure has so far remained intact, with the $73-$75 region serving as a crucial test of buyers’ resolve.
EliZ, a cryptocurrency market analyst, noted that Solana’s advance aligned with previous forecasts, with the move above the identified resistance level leading to a sharp upward rally. Since then, price has pulled back and stabilized above the former cap, reinforcing its significance as a support area.
Sustained trading above $73 would indicate continued defense by buyers and keep the prospect of further gains alive. Technical charts point to the proximity of the Ichimoku cloud, emphasizing the need for a strong breakout to confirm the direction of the next move.
Targets for a bullish continuation are set at $80 as the immediate objective, with $85 and $87.20 as subsequent barriers if momentum gathers pace. A move past these levels could lead to a more extended upside push.
There is confidence among traders that holding the $73-$75 area will support further moves toward $80 and beyond, while a failure to maintain this range would increase the probability of a larger pullback.
If the price falls decisively below $73, the current bullish scenario would lose credibility, opening the door for a deeper retracement in the near term.
Weekly Chart Cautions of Possible Deeper CorrectionEcho Analysis, an independent research platform, offers a more reserved outlook for Solana’s immediate future. The service points out that while SOL has bounced off an important Fibonacci retracement level at $63.89, the move may not necessarily signal that the correction has ended.
On the weekly timeframe, Solana is showing a rebound after hitting the 0.786 Fibonacci retracement line, with the price now hovering near the mid-$70s. Despite this positive reaction, Echo Analysis remains cautious, citing the potential for further lows in Bitcoin and Ether to weigh on Solana’s recovery.
If additional market weakness emerges, the next major support for Solana lies at the 0.887 Fibonacci retracement, or $37.10. This zone is described as the likely completion area for wave C and the larger corrective wave (2) within Elliott Wave analysis.
Elliott Wave theory is a technical framework that interprets price patterns through repetitive cycles of investor psychology, identifying corrective and impulsive phases in the market.
Mini dictionary: Elliott Wave theory, A technical charting method that analyzes market cycles through wave patterns to identify potential trends and reversals in asset prices.
Looking further ahead, Echo Analysis projects a much larger upward target. If the correction completes and a new bullish phase begins, the chart indicates a possible move towards the 1.618 Fibonacci extension at $416.24. This would represent an increase of approximately 1,047% from the $37.10 support zone, should it be reached.
For now, holding above $63.89 keeps the near-term structure intact. A break below this level would leave Solana exposed to further downside, while recovery above $80 could signal the start of a new bullish phase.
Echo Analysis points out that the $63.89 support is critical for maintaining any bullish structure, but a failed defense could see Solana revisit $37.10 before any significant upside occurs.
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.
Both Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are considering tokenomics changes that would make them scarcer than gold by 2031, according to a new Grayscale research note.
What Would the Proposed Tokenomics Changes Actually Do?Grayscale Head of Research Zach Pandl wrote that both networks are considering code changes that would cut annual token inflation significantly.
If implemented, ETH and Bitcoin (CRYPTO: BTC) would both sit at roughly 0.4% annual inflation by the end of 2031, while SOL would land at around 1.1%.
Both figures sit below gold’s 1.8% annual supply growth and well below U.S. CPI inflation at 3.3%.
The mechanism is straightforward. Both networks currently issue new tokens as staking rewards.
Reducing that issuance means fewer tokens enter circulation each year, and lower supply growth pushes scarcity higher, all else being equal.
Latest Private Market Opportunities
Join 400,000+ Investors
Own a Piece of Deloitte's #1 Fastest-Growing Software Company at $0.52/Share
Mode Mobile has 50M+ users earning money from their phones and grew revenue 32,481% in 3 years. Investors can buy pre-IPO shares at $0.52 right now.
Pandl noted the Solana proposals appear to have broader community agreement and a better chance of passing. The Ethereum changes remain under active debate.
Who Benefits and Who Doesn’t From Lower InflationThe tradeoff cuts differently depending on how you hold. Token holders who stake would receive fewer new tokens since staking rewards come directly from inflation.
Holders of unstaked ETH and SOL could benefit from the scarcity value increase. Whether stakers come out ahead depends on whether higher token prices offset the reduction in rewards.
Pandl’s bottom line is that both ETH and SOL power the leading blockchains for stablecoins and tokenized assets, and reduced inflation would add a scarcity premium on top of that existing utility demand.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Bitwise Asset Management has entered into a partnership with Superstate, a fintech specializing in bringing securities onto blockchain platforms, to investigate the possibility of allowing investors to hold shares of select Bitwise funds in tokenized form.
The crypto-focused asset manager indicated that its Bitwise Solana Staking ETF, trading under the ticker BSOL on the NYSE, is expected to serve as the initial candidate for this feature.
Under the structure the two firms are building, the core characteristics of the shares would remain unchanged.
Investors would continue buying the same fund shares through existing brokerage and purchase channels and would retain identical economic, voting, and other rights.
The sole difference would lie in the method of recording ownership.
Holders could opt to keep shares in the conventional book-entry format handled by The Depository Trust Company or switch to a tokenized version recorded on a blockchain and administered through Superstate’s transfer-agency systems.
Tokenized holdings would not be freely transferable outside that designated recordkeeping environment.
Bitwise emphasized that any rollout of the tokenized option depends on meeting all relevant legal and regulatory standards.
The firm explicitly noted that there is no guarantee the feature will become available for BSOL or for any other products in its lineup, nor is there a confirmed timeline.
The initiative reflects broader industry interest in blending traditional fund structures with blockchain-based ownership records.
Superstate provides platforms such as FundOS that support asset managers in creating compliant on-chain fund offerings, including issuance, recordkeeping, and connections to digital markets via its SEC-registered transfer-agency infrastructure.
Bitwise, which oversees roughly $9 billion in client assets across more than 70 investment products, already has experience working with Superstate on other vehicles.
BSOL itself is a relatively recent addition to the US market.
Launched in late 2025, the exchange-traded product seeks to track the value of Solana held by the trust while generating additional Solana through staking.
The fund aims to stake essentially all of its holdings via Bitwise’s own on-chain solutions, powered by infrastructure partner Helius, with the goal of capturing network rewards that historically have averaged around 7 percent.
Those rewards are reinvested rather than distributed as cash, allowing them to compound within the fund’s net asset value.
By exploring a tokenized share class for BSOL, Bitwise is testing whether blockchain recordkeeping can offer investors greater flexibility without altering the fundamental regulated nature of the product.
Tokenized shares would still represent the same class of beneficial interest and would not create a separate security or synthetic instrument.
Market participatns now generally view the move as part of a larger trend in which traditional asset managers experiment with on-chain representations of familiar investment vehicles.
Success would depend on regulatory clarity, operational readiness, and investor demand for the dual-holding option. For now, the partnership signals Bitwise’s intent to remain at the forefront of product innovation in the digital-asset space while carefully navigating compliance requirements.
Solana is now accessible on the XRP Ledger’s native decentralized exchange through a wrapped SOL asset issued through Axelar, extending interoperability between the two blockchain ecosystems.
Summary
Axelar-issued SOL is now tradable through XRP Ledger’s native decentralized exchange using multiple ecosystem interfaces. XRPL Foundation director Hussein Zangana warned Axelar currently remains the only legitimate wrapped SOL issuer. Official XRPL EVM documentation identifies Axelar’s mainnet gateway address as rfmS3zqrQrka8wVyhXifEeyTwe8AMz2Yhw for cross-chain asset transfers. Axelar connected Solana to its interoperability network in June, enabling transfers with XRP Ledger ecosystems. Wrapped SOL represents Solana exposure on XRPL and should not be confused with native SOL. Axelar confirmed the availability in an Aug. 14 post, directing users to SOL/XRP trading on XPMarket.
Hussein Zangana, known as Vet, warned users that Axelar is currently “the only legitimate issuer” of wrapped SOL on XRPL and told traders to beware of copycat assets. His warning matters because tokens on the XRP Ledger are identified by both their currency code and issuer account, rather than a ticker alone.
Solana becomes tradable through XRPL’s native DEX Users can access the Axelar-issued SOL representation through interfaces including XPMarket, First Ledger and Magnetic. Xaman users can also reach the asset through the wallet’s swap interface. These platforms connect into XRPL’s native exchange infrastructure rather than operating separate order books for each front end.
On-chain data confirms activity involving SOL and the Axelar gateway. XRPScan identifies rfmS3zqrQrka8wVyhXifEeyTwe8AMz2Yhw as the Axelar Bridge account and records SOL-related transactions, including an OfferCreate transaction on Aug. 14. Official XRPL EVM documentation independently lists the same address as Axelar’s XRPL mainnet gateway.
Axelar’s issuer address is the key security check Zangana’s warning reflects how XRPL-issued assets work. Official XRP Ledger documentation states that tokens are identified by the combination of an issuer and currency code. Two assets can therefore use the same ticker while being issued by different accounts.
That means seeing “SOL” in a wallet or DEX is not enough to establish authenticity. Bithomp’s verified-domain records associate the Axelar Bridge account with axelar.foundation, while XRPScan labels the same account Axelar Bridge. Interface checkmarks can help users, but users should verify the issuer address before creating a trust line or executing a trade.
Axelar connected Solana and XRPL before the DEX launch The trading rollout builds on Axelar’s June 3 integration of Solana mainnet. Axelar said the connection enabled cross-chain messaging and asset transfers between Solana and more than 70 supported ecosystems, specifically naming XRP Ledger, Ethereum, Stellar, Sui and Hedera.
The interoperability has already moved in the opposite direction. As crypto.news previously reported, wrapped XRP expanded onto Solana through Hex Trust and LayerZero, giving XRP access to Solana-based wallets and DeFi applications.
Wrapped assets introduce additional dependencies beyond the underlying networks. In related coverage, cross-chain bridges have suffered billions of dollars in historical exploit losses, making issuer verification and bridge security important when handling representations of assets across chains.
What happens next for SOL on XRP Ledger The immediate question is whether liquidity and user adoption deepen beyond the initial launch. XPMarket already lists an SOL/XRP market under the Axelar Bridge issuer, while Axelar’s broader Solana integration allows developers to build additional cross-chain applications between the two ecosystems.
No separate native SOL exists on the XRP Ledger. The traded asset is a cross-chain representation tied to Axelar infrastructure. Users should therefore treat claims that another issuer represents official SOL with caution unless Axelar or another authoritative source confirms a change. For now, Zangana’s warning remains clear: “Beware of fakes.”
Ethereum [ETH] was trading at $1,876.89 at press time, following a slight increase over the previous day but a 2.16% decline over the previous week. Meanwhile, Solana was trading at $75.16 at press time, following a slight increase over the previous week and a slight decline over the previous day.
These contradictory price movements imply that there is no clear bullish or bearish momentum dominating the cryptocurrency market, which is extremely erratic.
In fact, there were no clear indications of bulls or bears on the RSI for either ETH or SOL as well.
Grayscale paints a concerning picture for ETH and SOL At the same time, Zach Pandl, Head of Research at Grayscale, presented his analysis indicating that Ethereum and Solana may become more scarce assets due to their respective networks’ consideration of lowering the annual production of new tokens.
Source: Grayscale Currently, issuing new ETH and SOL, which expands the total supply, helps to fund staking rewards on Ethereum and Solana.
This inflation would be decreased by the suggested modifications. Comparable to lowering the production of a commodity, the value of the current tokens may rise if demand remains constant or rises and fewer new tokens are introduced to the market.
According to Pandl, by 2031, the annual supply growth of ETH and SOL may drop to about 0.4% and 1.1%, respectively, bringing them closer to Bitcoin’s supply growth and below gold’s estimated 1.8% annual supply growth.
What about stakers? For stakers, there is a trade-off, though. People who stake their tokens will get fewer tokens as rewards if there are fewer new ETH and SOL created.
After a decrease in inflation, for instance, a staker who earns 5 SOL might only receive 3 SOL. Yet, the value of those three SOL might still surpass the value of the initial five SOL if the decreased supply makes SOL more scarce and its price increases noticeably.
Therefore, while stakers must weigh the potential for higher token prices against the possibility of lower token rewards, unstaked holders may directly profit from increased scarcity.
s up for debate and do not guarantee changes.
This was consistent with an earlier report from AMBCrypto that stated that Solana’s ecosystem provides more than just trading and DeFi, which is why it is drawing in more users and money.
Final Summary Both Ethereum’s and Solana’s price actions are not that strong, with RSI supporting this narrative. Garyscale suggests that Ethereum and Solana may become more scarce assets due to their respective networks’ consideration.
Bitcoin maintains its position near $63,000, serving as the primary market indicator for digital assets
Ethereum dropped under $1,900, yet U.S. ETF products attracted $103.9 million in net inflows over one week
Solana expanded block capacity to 100 million compute units while hovering around $75
Chainlink approached $10 after announcing new partnerships and releasing its agent platform beta
Hyperliquid posted approximately 154% gains during the first six months of 2026
Cryptocurrency markets are experiencing turbulence, yet price declines often create opportunities for strategic investors. Five digital assets—Bitcoin, Ethereum, Solana, Chainlink, and Hyperliquid—deserve attention in the current environment.
Bitcoin: The Industry Standard
Bitcoin continues to serve as the cornerstone of cryptocurrency investing. With the most extensive network infrastructure, unmatched brand awareness, and significant institutional support, it remains the dominant digital asset.
Bitcoin (BTC) Price
BTC currently hovers around $63,000. Market liquidity constraints and general uncertainty have contributed to price pressure, though this correction may present entry points for investors viewing Bitcoin as a long-term wealth preservation tool.
While Bitcoin may not deliver the dramatic gains seen in smaller-cap projects, it presents significantly lower project-specific risks, solidifying its role as the standard against which all cryptocurrencies are evaluated.
Ethereum: Sustained Institutional Appetite
Ethereum serves as the backbone for decentralized finance protocols, stablecoin infrastructure, asset tokenization, NFT marketplaces, and countless decentralized applications. It maintains its position as the leading smart contract platform globally.
ETH slipped beneath $1,900 during recent market volatility. However, institutional interest proved resilient. U.S.-based Ethereum ETF products recorded $103.9 million in net inflows for the week concluded July 24, topping all cryptocurrency ETF products during that timeframe.
The convergence of robust developer engagement, powerful network effects, and growing institutional participation positions Ethereum as a priority holding for long-term portfolios.
Solana: Speed, Efficiency, and Momentum
Solana presents a direct alternative to Ethereum, particularly for applications requiring high throughput and minimal transaction costs. The platform recently upgraded its block capacity to accommodate 100 million compute units.
The ecosystem continues expanding across payment solutions, tokenized real-world assets, and interoperability protocols. SOL traded around $75 in mid-August, considerably below previous all-time highs.
This disparity between current valuations and historical peaks may represent an entry opportunity for investors confident in the platform’s continued development trajectory.
Chainlink: Critical Infrastructure Investment
Chainlink provides essential connectivity between blockchain networks and external data sources while facilitating cross-chain asset transfers. It functions as fundamental infrastructure supporting the emerging tokenization ecosystem.
LINK surged toward $10 in mid-August following announcements of additional CCIP integrations and the beta release of Chainlink for Agents. These milestones demonstrate ongoing platform evolution and expansion.
Should tokenized assets achieve widespread adoption in traditional finance, Chainlink is well-positioned to capture value as a critical infrastructure provider supporting this transformation.
Hyperliquid: Aggressive Growth with Elevated Risk
Hyperliquid represents the highest-risk proposition in this selection. The decentralized perpetual futures exchange has experienced rapid expansion, with HYPE appreciating approximately 154% during the first half of 2026.
Such performance establishes elevated expectations going forward. Planned token unlock schedules and regulatory ambiguity introduce risks requiring careful consideration.
Nevertheless, Hyperliquid demonstrates that decentralized trading infrastructure can effectively challenge centralized exchange dominance in the cryptocurrency derivatives market.
Solana traded close to $75 on Wednesday, as traders focused on whether SOL could break through immediate technical resistance or revisit support around $67 before its next major price movement. Two widely referenced analyses have outlined potential bullish scenarios, with targets ranging from $87 in the near term to $130 on a larger breakout, but both caution that several obstacles remain.
Technical analysis highlights key resistance zonesSOL recently pressed against a descending trendline after a period marked by successive lower highs since July. Trader Daink, who shared a daily chart of SOL/USDT, mapped out a bullish scenario originating from the $75 region, but emphasized that upward momentum depends on buyers reclaiming multiple resistance levels.
The price was last seen near $75.31, near the intersection of a descending resistance line traced from the early July high. This convergence point represents a pivotal battleground for bulls and bears. Sustained movement above the trendline would weaken the prevailing bearish structure, potentially allowing buyers to target higher price zones.
The first major resistance is found at $82.25, where Solana has previously reacted and reversed. Flipping this level into support would signal growing bullish momentum. Above this, $98.40 remains a significant barrier, as past recoveries have stalled there. Surpassing $98.40 could reinforce the bullish scenario, shifting focus to $114.55 and the primary upside objective at $130.70.
However, Solana is still trading only moderately above support at $66.10. A rejection at the trendline, followed by a drop toward this region, could confirm sellers remain in control. Should SOL fall beneath $66.10, the bullish setup would be invalidated and risks could increase for further declines toward $61.28.
The daily chart suggests traders should wait for confirmation of a breakout rather than assume an imminent rally to $130. A daily close above the descending trendline and a successful push past $82.25 would strengthen the bullish case, while failure to clear resistance and a move below $66.10 would keep the outlook negative.
Potential for retest of support before upward moveAnother view from Crypto Tony presents a different route for Solana, with the possibility of a deeper pullback before bulls regain control. On the four-hour SOL/USD chart, price action remains near $75.58, below resistance around the upper $77 area. Strong horizontal support is evident near $67.50.
SOL has repeatedly failed to sustain moves above the $77-$78 resistance band, signaling strong opposition from sellers in the short term. Crypto Tony’s scenario leaves room for a potential decline into the $67.50 support area, or slightly below to $65-$66, before a rapid reversal and rally. However, the trader notes this path as a possible scenario rather than a guaranteed move.
The reaction at the $67.50 level will be important. A swift recovery after testing support—especially if price quickly reclaims $67.50—would suggest buyer absorption of selling pressure, potentially confirming the bullish reversal mapped out in the analysis.
Breaking and maintaining levels above $77-$78 would mark the first obstacle in any rebound attempt, with a move above this zone opening the path toward the low $80s. The targeted upside on this chart extends to around $87, indicating that holding key support could result in a significant rebound if resistance is overcome.
A fall below the expected $65-$66 reversal zone, without recovery, would challenge the bullish outlook and could indicate a more sustained breakdown of support.
Two routes now present themselves for Solana: a direct breakout higher from current consolidation, or a revisit of deeper support prior to a stronger recovery. The interplay between confirmation at resistance and reactions to support will determine the next major trend.
While traders monitor these technical setups, the broader financial landscape continues to evolve. Wall Street has begun a significant migration toward Web3, with investors increasingly using platforms like 1stepSwap to hold shares of large U.S. companies, gold, and silver directly in their crypto wallets. The tokenization of real-world assets (RWAs) and rapid price aggregation technology allows for instant, direct ownership without intermediaries, further shifting traditional market dynamics.
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.
Tokenized stocks just had a breakout quarter on decentralized exchanges, and Solana ran away with almost all of it. The blockchain recorded approximately $5.8 billion in spot DEX volume for tokenized equities in Q2 2026, a 114% jump from the previous quarter and a new all-time high for the category.
To put that growth in perspective: tokenized equity volume on Solana sat at roughly $1.34 million a year ago. It’s now measured in the billions.
What’s driving the surge The primary catalyst is xStocks, a product suite from Backed Finance that launched around mid-2025. These are tokenized representations of US equities and ETFs, each backed 1:1 by custodied shares of the underlying asset.
The lineup includes tokenized versions of familiar tickers: TSLAx, AAPLx, NVDAx, and SPYx among them. More than 60 US stocks and ETFs are now available on-chain through the platform.
Advertisement
Raydium, Solana’s largest automated market maker, emerged as the dominant venue for these trades. Its cumulative tokenized equity volume crossed $3 billion by June 27, 2026. The last $1 billion of that total was added in just one month.
Daily volume peaked at $644 million on June 24, a single-day record for tokenized equity trading on any chain.
Solana’s near-total dominance, and the competition nipping at it During Q2 2026, Solana captured an estimated 95% to 97% of all tokenized equity trading volume on decentralized exchanges globally.
BNB Chain’s bStocks products generated around $5.6 billion in volume over a comparable period.
The year-over-year numbers tell the clearest story. Moving from $1.34 million to $3.32 billion in tokenized equity volume in twelve months represents significant growth.
By late July 2026, Robinhood Chain, an Ethereum Layer 2 solution, began overtaking Solana in daily tokenized stock trading volume. Robinhood Chain averaged approximately $29.7 million per day, edging past Solana’s daily figures.
The bigger picture for tokenized securities Tokenized securities eliminate the T+1 settlement window that traditional markets still rely on. They remove geographic restrictions on market access. And they allow assets to be composable, meaning a tokenized stock position can simultaneously serve as collateral in a lending protocol or be paired in a liquidity pool.
Backed Finance’s xStocks model, where each token is redeemable for the underlying share held in custody, mirrors the structure of physically-backed gold ETFs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana just posted the largest 30-day increase in tokenized US Treasury activity among all blockchain networks, adding $378M in net inflows.
The broader tokenized Treasury market hit $16.23B in total distributed value as of August 15, according to data from RWA.xyz. That figure represents a 1.81% increase over the past 30 days, with Solana, Ethereum, and BNB Chain leading the charge.
Solana’s institutional moment
BlackRock’s BUIDL fund, Ondo Finance’s USDY, and Galaxy Digital’s SWEEP (which currently holds roughly $161M) all now operate on Solana. Add in VBILL, and the network has quietly assembled a roster of institutional-grade Treasury products.
Advertisement
Ethereum still runs the show, but the gap is narrowing
Despite Solana’s growth spurt, Ethereum remains the undisputed heavyweight in tokenized Treasuries, commanding approximately 43% of the total market share. BNB Chain sits in second place with around 31.5%.
The top three products by size tell you everything about who’s winning the issuance race. USYC leads with roughly $3.0B, followed by BUIDL at approximately $2.7B and USDY at around $2.15B.
The tokenized Treasury market now spans nearly 18 different blockchain networks.
From under $1B to $16B in two years
In early 2024, the entire tokenized US Treasury market sat below $1B. Now it’s north of $16B, a roughly 16x expansion in under 30 months.
The broader tokenized real-world asset ecosystem, which includes everything from private credit to real estate, now exceeds an estimated $30B to $38B in total value.
Products like BUIDL and USDY come with transfer restrictions and accredited-investor requirements baked into their smart contracts, allowing these tokens to exist within existing regulatory frameworks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
15 August 2026 | 10:43 Solana's month-long price compression could be close to resolving while its community debates how quickly SOL supply should expand.
Key Takeaways SOL has entered the narrow end of a descending price structure after reclaiming Fibonacci support. Two proposed changes would reduce new issuance and make token burning more dependent on network activity. The wider thesis depends on demand from both buyers and Solana users; slower supply growth alone is not enough. Lower Highs Have Pushed SOL Into a Tight Range SOL traded near $75 on August 15, less than 1% above the 0.382 Fibonacci retracement near $74.5. Directly overhead, the descending blue trendline meets the 50-day SMA near $75.9, with the 100-day SMA at $77. Less than $2.50 separates support from the top of that resistance band.
Solana daily price chart testing support near the 0.382 Fibonacci retracement level. The other side of the structure has held near $71.8. SOL returned to that area around the end of July and again in early August, but sellers could not force a sustained break beneath it.
Buyers then reclaimed Fibonacci support and pushed the price back into the $76 area. The rebound stopped below the descending trendline, and the candles narrowed as support and resistance moved closer together.
A daily close above the full resistance band would open room toward the 0.5 Fibonacci retracement close to $79. The next cluster sits higher, between the 200-day SMA at $82 and the 0.618 Fibonacci level near $83.5.
A close below Fibonacci support would erase the latest reclaim and expose the horizontal triangle base again. If that floor fails, the 0.236 Fibonacci level at $69 becomes the nearest marked support.
Recent candles have crossed nearby levels intraday and closed back inside the range, so confirmation still depends on the daily close and successful retest.
Lower Inflation Would Shift More Weight to Network Demand Grayscale Head of Research Zach Pandl estimates that SOL’s annual supply inflation could fall to roughly 1.1% by the end of 2031 if the changes under discussion are adopted.
His estimate rests on two mechanisms examined in our analysis of Solana’s proposals to slow SOL supply growth.
Two Proposals Target Different Parts of SOL Supply SIMD-0550 would reduce new issuance. It would increase the annual reduction in Solana’s inflation rate from 15% to 30%, resulting in an estimated 18.9 million fewer SOL being created over six years. The network would reach its 1.5% issuance floor in the first half of 2029 instead of 2032. SIMD-0553 would increase fee burning. It proposes a resource-based fee that would be burned in full. At its terminal modeled rate, the system could destroy between 7,500 and 9,000 SOL per day if activity resembles the May 2026 sample used by its authors. Together, the changes would move SOL’s economics away from issuance and closer to usage. Fewer tokens would be distributed through inflation, while heavier demand for network resources could produce a larger burn.
Why Slower Supply Growth Is Not Automatically Bullish Issuance would still exceed burns. The proposal estimates that roughly 60,000 SOL currently enters circulation each day, far above even the projected terminal burn. The likely result is slower supply growth, not an immediately shrinking supply. The burn depends on activity. Fewer transactions would mean fewer tokens destroyed, while resource-based fees that become too costly could discourage some network use. Staking rewards would fall. Unstaked holders would face less dilution, but stakers and validators would receive fewer newly issued tokens. Their outcome would depend on SOL’s price and on whether fees and MEV replace enough of the lost reward income. Pandl’s price argument is therefore conditional: lower supply growth may help if demand holds.
How the Supply Thesis Connects to the Current Squeeze The two stories operate on different timelines. The chart will determine whether the current recovery can continue, while the proposals – if approved – would shape how quickly SOL dilution falls in the years ahead.
Lower issuance could improve SOL’s supply profile, but only sustained network activity can generate meaningful burns and compensate for lower staking rewards. For now, the chart is testing buying demand; the tokenomics debate is testing whether Solana can rely less on inflation without weakening participation.
Disclaimer: Fibonacci levels, moving averages and trendlines are based on SOL’s daily chart and can shift as new price data develops. The tokenomics figures are projections based on proposals that have not been implemented. Nothing in this article constitutes financial or investment advice. Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Bank Leumi, the leading financial institution in Israel, will integrate Bitcoin, Ethereum, and Solana trading into its Leumi Trade application
Retail customers through Leumi and Pepper mobile banking will gain access beginning early 2027
Galaxy Digital’s GalaxyOne Institutional platform will power the trading framework
Digital asset security will be managed by Galaxy’s custody solution, previously branded as GK8
Leumi will become Israel’s pioneering bank to deliver cryptocurrency trading to everyday customers
In a significant development for Israel’s financial sector, Bank Leumi has entered into a collaboration with Galaxy Digital to bring cryptocurrency trading capabilities to its customer base. The rollout is scheduled for the first quarter of 2027.
LATEST: 🇮🇱 Bank Leumi, Israel’s largest bank, is partnering with Galaxy to let customers trade Bitcoin, Ethereum and Solana via its Leumi Trade app starting early 2027. pic.twitter.com/PiHu8aFFuZ
— CoinMarketCap (@CoinMarketCap) August 15, 2026
Both Leumi’s primary customers and those using Pepper, its mobile-first banking subsidiary, will gain the ability to purchase, store, and liquidate Bitcoin, Ethereum, and Solana. These transactions will occur within a specialized segment of the Leumi Trade mobile application.
The underlying trading technology will be provided by Galaxy Digital’s GalaxyOne Institutional solution. Meanwhile, the safeguarding of digital assets will rely on Galaxy’s custody platform, which operated under the GK8 brand before rebranding.
According to Leumi, the institution provides financial services to millions of clients spanning both consumer and commercial banking sectors. The bank emphasizes that this initiative positions it as the inaugural Israeli banking institution to provide direct digital asset trading capabilities to its clientele.
Rationale Behind the Asset Selection
The selection of these particular digital assets mirrors prevailing institutional appetite. Bitcoin and Ethereum represent the cryptocurrency market’s two dominant assets by total valuation. Solana has experienced increasing adoption among institutional investors.
Galaxy has already established operational infrastructure supporting Solana. The firm operates as a validation provider for investment products connected to the Solana ecosystem.
GalaxyOne Institutional consolidates trading execution, asset custody, staking services, financing solutions, and market analysis into a unified platform. This architecture aims to deliver cryptocurrency exposure to banking clients while maintaining institutional-grade security protocols.
Galaxy’s Strategic Expansion in Traditional Finance
The agreement with Leumi represents part of Galaxy Digital’s comprehensive approach to building relationships with established financial institutions. The company has been actively developing its institutional banking network across various regions.
Galaxy recently broadened its collaboration with BNY to incorporate institutional staking capabilities into BNY’s digital asset infrastructure. This enhancement enables clients to manage custody and staking operations through a unified system.
During July, Galaxy finalized a naming rights agreement with Texas Tech University, establishing itself as the official digital assets and data center partner for the school’s athletics program.
Galaxy Digital commenced public trading on the Nasdaq exchange in May 2025 using the GLXY ticker symbol. The stock closed Friday at $21.38, reflecting a 2% intraday gain while showing approximately 25% decline year-over-year.
The firm reported an $85 million net deficit during the second quarter, attributing the loss to diminished cryptocurrency valuations. Nevertheless, its digital asset operations generated $66 million in adjusted gross earnings, representing a 34% sequential increase.
Mike Novogratz established Galaxy and continues to serve as its chief executive. The organization has maintained its institutional expansion trajectory despite experiencing share price contraction.
The Leumi collaboration expands Galaxy’s portfolio of institutional banking partnerships. Implementation remains on schedule for early 2027, subject to completion of trading and custody system integration.
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.
Solana (SOL) is now available on the XRP Ledger DEX, Hussein Zangana (Vet), XRP Ledger Foundation director of community, revealed in a recent post. Wrapped and issued by Axelar, this move connects Solana and the XRP Ledger.
As the XRP DEX is native, users will be able to access Solana on XRP Ledger-based platforms. They can swap SOL on the XRPL DEX through the XPMarket, First Ledger, and Magnetic platforms. They can also access SOL directly within Xaman Wallet through the Swap widget.
The move follows a trend that has increased since 2025 and continues in 2026, opening up new paths for several assets to move across chains, with XRP having gone live on Solana earlier.
You Might Also Like
HOT Stories
Wrapped XRP (wXRP), issued by Hex Trust, went live on Solana in April, making the token available for the first time through Solana's DeFi apps (Jupiter, Phantom, Titan Exchange, and Meteora). wXRP, which is tradable with RLUSD, can be used on supported blockchains, including Solana, Optimism, Ethereum, and HyperEVM.
Warning issuedWith a new interoperability milestone unlocked with Solana now available on the XRPL DEX, Vet issued a crucial warning to the XRP community. He noted that currently Axelar is the only legitimate issuer of Wrapped SOL, urging XRPL users to beware of fake tokens.
You Might Also Like
Vet added that platforms that support Wrapped SOL on the XRPL, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have given the token a checkmark to make it easier to identify. He shared a screenshot from XRPScan to explain what he meant.
As seen in the screenshot, the account name or the issuer is listed as Axelar Bridge with a checkmark. This will enable users to differentiate the original issuer from fake ones, which are those without a checkmark.
However, users should not rely only on the token name or the ticker. They should verify the issuer address and cross-check with reliable sources before trading.
Solana Company has reported a $30.3 million second-quarter loss despite earning $2.5 million in revenue, almost entirely from staking its SOL holdings.
Summary
Revenue increased from $43,000 a year earlier but fell from $3.6 million in Q1. Solana Company earned 31,200 SOL in rewards and automatically restaked the tokens. A $25.4 million realized loss on digital assets weighed heavily on quarterly results. Cash fell to $3.6 million as total assets declined to $176.1 million. Solana Company said in its Aug. 14 financial release that staking contributed $2.512 million of its $2.526 million quarterly revenue, while other operations generated only $14,000.
Compared with the same quarter of 2025, when revenue reached $43,000, the Nasdaq-listed company recorded a sharp increase after building a large Solana treasury. Revenue still declined about 30% from the $3.6 million reported in the first quarter, based on its first-half figures.
During Q2, the company earned 31,200 Solana (SOL) in staking rewards and automatically restaked the tokens. Restaking allowed the holdings to continue earning rewards rather than being sold or moved into cash.
Cost of revenue came to $77,000, leaving a gross profit of $2.4 million and a gross margin of about 97%. High margins from staking were not enough to cover operating expenses and losses tied to the company’s digital assets.
SOL sales drove most of the quarterly loss Operating expenses reached $35.1 million during the quarter, up from $3.3 million a year earlier. Solana Company consequently recorded a $32.7 million operating loss, compared with a $3.3 million loss in Q2 2025.
A realized loss of $25.4 million from digital-asset sales accounted for the largest part of the increase. On the company’s earnings call, management said the loss came from “strategic sales executed as part of our capital allocation program.”
At the same time, the accounts included a $2.4 million unrealized gain on digital assets and receivables. Solana Company also booked a $298,000 unrealized loss on a digital-asset fund investment and a $682,000 loss on digital-asset derivatives.
Administrative expenses increased to $11.1 million from $3.3 million in the year-earlier quarter. Approximately $6.8 million came from severance costs connected to the divestiture of the PoNS medical-device business, leaving roughly $4.3 million in other administrative spending.
The company completed the sale of PoNS during Q2 as it moved away from its former medical-device operations. Solana Company recorded a $3.1 million gain from the transaction, which partly reduced the effect of its operating loss.
Nonoperating income totaled $2.4 million after including the gain from the sale, a $322,000 change in the value of a derivative liability, and $259,000 in other expenses. Most of the latter amount came from fluctuations between the Canadian and U.S. dollars.
After accounting for those items, the company posted a net loss of $30.3 million, or $0.38 per basic and diluted share. A year earlier, its loss stood at $9.8 million, or $79.73 per share, although changes in the number of outstanding shares make the per-share figures difficult to compare directly.
Solana Company’s first-half loss reached $130.1 million For the first six months of 2026, revenue increased to $6.1 million from $92,000 in the comparable period of 2025. Staking supplied $5.9 million of the total, while other revenue contributed $218,000.
First-half operating expenses rose to $138.2 million, including an $86.8 million unrealized loss on digital assets and receivables. Realized digital-asset losses reached another $32.4 million, while the digital-asset fund investment produced a $2 million unrealized loss.
As a result, Solana Company reported a six-month net loss of $130.1 million, equal to $1.66 per share. Management said on the earnings call that fair-value movements recorded under U.S. accounting rules did not reduce its cash balance or the number of SOL tokens produced through staking.
The company adopted its SOL-focused model in September 2025, when it was still called Helius Medical Technologies. As crypto.news reported, the firm launched the treasury strategy through a $500 million private placement led by Pantera Capital and Summer Capital.
Participants purchased shares at $6.88 each and received warrants exercisable at $10.13. The deal included as much as $750 million in potential proceeds from warrant exercises, although the additional capital depended on investors choosing to exercise them.
By October 2025, the renamed company had grown past 2.2 million SOL, then valued at more than $525 million. The company also reported over $15 million in cash at the time.
Its June 2026 balance sheet showed a much smaller asset base. Total assets fell to $176.1 million from $303.9 million at the end of 2025, while stockholders’ equity declined to $165.6 million from $300.9 million.
Cash and cash equivalents dropped to $3.6 million from $7.3 million. Current digital assets stood at $21 million, with another $2.3 million classified as a digital-asset collateral receivable.
Long-term digital assets and related exposure totaled $147.3 million. According to the company, the figure covered staked positions, restricted assets, receivables, and investments in digital-asset funds.
Nasdaq investors remain exposed to SOL price movements Because HSDT trades on the Nasdaq Capital Market, U.S. investors can obtain indirect SOL exposure through its shares without holding the token directly. The company’s filings also show that its financial position depends heavily on SOL prices, staking returns, and its ability to raise money through stock sales.
During Q2, Solana Company raised $7.9 million in net proceeds from a registered direct stock offering led by Mirae Asset, with HashKey Capital also participating. The company sold approximately 3.08 million shares at $2.60 each and said the proceeds could support SOL purchases, working capital, and corporate expenses.
At the same time, it spent about $2.3 million repurchasing 1.3 million shares. First-half buybacks reached approximately $5.9 million, covering 2.9 million shares held as treasury stock at the end of June.
The company had 60.4 million issued shares on June 30, of which 57.4 million were outstanding after excluding treasury stock. Its accumulated deficit rose to $342.6 million from $212.6 million at the end of 2025.
HSDT closed Aug. 14 at $1.70, down 5.56% during regular trading, according to market data cited by Investing.com. Shares recovered slightly to $1.71 after the closing bell, while the reported revenue total fell about $400,000 short of the $2.9 million analyst estimate cited by the publication.
Validator revenue could begin in the third quarter Apart from staking its own treasury, Solana Company is building infrastructure intended to earn revenue from third-party assets. Its first institutional validator cluster became operational in Tokyo under an initiative called Pacific Backbone.
Chief Executive Joseph Chee said the company’s recurring businesses were starting to develop as the Tokyo operation came online and PoNS left its cost base.
“With our first validator cluster operational in Tokyo, and the legacy business fully divested, the recurring revenue streams that leverage our institutional-grade infrastructure are beginning to take root,” Chee said.
Management expects the Tokyo cluster to begin contributing validator-related revenue in the third quarter. In July, the operation secured its first third-party staking commitment of approximately 500,000 SOL, according to comments made during the earnings call.
Solana Company previously added Helius and Twinstake to its staking setup, allowing it to stake SOL directly from custody at Anchorage Digital Bank. At the time of the October 2025 announcement, Helius and Twinstake ranked among the Solana network’s 25 largest validators by delegated SOL.
Under Pacific Backbone, the company also entered a May partnership with the Jito Foundation to develop institutional Solana infrastructure across the Asia-Pacific region. Management said it expects administrative expenses to return closer to first-quarter levels as the severance costs from the PoNS sale fall out of its accounts.
After the quarter ended, Solana Company completed a $2 million acquisition of a Hong Kong trust company on July 15. The transaction will be included in its third-quarter financial statements.
Solana (SOL) can now be accessed and traded on the XRP Ledger’s decentralized exchange, as confirmed by Hussein Zangana, director of community at the XRP Ledger Foundation. Zangana shared this update, highlighting a new phase of interoperability between major blockchain networks. The Wrapped SOL token, issued by Axelar, forms the backbone of this integration.
Expanded cross-chain accessThe XRP Ledger’s native decentralized exchange, or DEX, now allows users to acquire and swap Solana through several XRPL-based platforms, including XPMarket, First Ledger, and Magnetic. Holders can also swap SOL directly in the Xaman Wallet using the integrated Swap widget.
This advancement follows the recent rise of cross-chain bridges since 2025, as blockchain developers explore new ways to boost asset portability across multiple ecosystems. The integration of Solana into the XRPL environment signals a wider industry trend, with previous milestones including the launch of XRP on Solana earlier this year.
Previous steps with wXRPIn April, Hex Trust issued Wrapped XRP (wXRP) on Solana, enhancing the token’s reach into decentralized finance applications like Jupiter, Phantom, Titan Exchange, and Meteora. Through Solana, Optimism, Ethereum, and HyperEVM, wXRP can be traded with RLUSD and accessed across multiple blockchains.
The recent addition of Solana to the XRPL DEX marks a significant step in cross-chain interoperability. As traditional markets have long relied on complex brokers, a notable shift toward Web3 is underway. Platforms such as 1stepSwap now enable investors to hold shares of leading US companies, gold, and silver directly in their crypto wallets. By tokenizing real-world assets and finding the best prices instantly, these services remove intermediaries from the trading process.
Fraud concerns and verification stepsAlongside the announcement, Zangana urged the XRP community to be cautious about token authenticity. Currently, Axelar stands as the only legitimate issuer of Wrapped SOL on the XRPL. He advised users to verify the token’s authenticity before trading, emphasizing the risk posed by fake tokens that could emerge as the new integration gains traction.
Supporting platforms, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have implemented a checkmark system for Wrapped SOL. This verification, visible on tools like XRPScan, displays Axelar Bridge as the issuer and includes a checkmark to signal authenticity.
The presence of Axelar Bridge with a checkmark lets users easily identify the authentic Wrapped SOL token on the XRPL, preventing confusion with counterfeit tokens that lack this verification.
Experts stress that users should not rely solely on token names or tickers. A careful check of the issuer address, cross-referenced with reputable sources, is strongly recommended before making any transactions. This extra diligence aims to reduce the threat of falling victim to imposter tokens.
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.
TLDR: Ethereum and Solana proposals could reduce annual inflation and slow new token supply growth. Grayscale projects ETH inflation near 0.4% and SOL inflation near 1.1% by 2031 if changes pass. Lower inflation could reduce staking rewards as fewer new tokens enter circulation across both networks. Solana’s proposals appear to have broader community agreement, according to Grayscale’s research. Ethereum and Solana are moving toward lower token inflation as both networks consider changes that could reduce future supply growth. The proposals could make ETH and SOL scarcer over the coming years if their communities approve the changes.
By 2031, projected annual inflation could fall below current gold supply growth and U.S. consumer inflation. The changes would also alter how staking rewards reach token holders across both networks.
Ethereum and Solana Weigh Lower Inflation Ethereum and Solana support major blockchain activity, including stablecoins and tokenized assets. Their native tokens trade as digital commodities, with supply and demand shaping their market value.
According to Grayscale, proposed code changes could reduce annual token inflation on both networks. Lower supply growth would leave fewer new tokens entering circulation over time.
Grayscale estimates that Ethereum and Bitcoin could reach about 0.4% annual supply inflation by 2031. Solana could reach roughly 1.1%, assuming the proposed changes take effect.
The estimates assume the networks implement the proposed tokenomics changes without other supply adjustments. Bitcoin provides a useful comparison because its projected inflation would also remain near 0.4% annually.
Those figures would sit below gold’s estimated 1.8% annual supply growth and U.S. CPI inflation at 3.3%. The comparison shows how the proposals could change the supply profile of ETH and SOL.
The lower issuance rates would not automatically determine token prices, since demand would remain a separate market variable. Still, the proposed changes directly target the amount of new ETH and SOL entering circulation.
Ethereum $ETH and Solana $SOL could be getting scarcer.
New proposals on both networks aim to burn more tokens and cut inflation, reducing future supply. If they pass, annual inflation for ETH and SOL could fall below gold (1.8%) and U.S. CPI (3.3%) by 2031.
More on protocol… pic.twitter.com/svyoXq8WzI
— Grayscale (@Grayscale) August 14, 2026
ETH and SOL Staking Rewards Could Change The proposals remain under discussion within the respective blockchain communities. Grayscale said Solana’s proposals appear to have broader agreement and may have a higher chance of implementation.
Staking rewards rely partly on new token issuance, meaning lower inflation would reduce the number of tokens distributed to stakers. That change could alter the return profile for participants who secure each network.
Unstaked ETH and SOL holders could benefit from reduced token issuance if scarcity supports stronger market prices. Stakers would face a different calculation because lower rewards could offset any potential price increase.
Grayscale’s research also points to the technical nature of the proposed changes, particularly Ethereum’s staking model. The outcome depends on whether each community approves the changes and how the new parameters affect token supply.
Governance decisions will determine whether the proposed reductions become part of each network’s operating rules.
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 Israeli bank Leumi is preparing a new step in services related to digital assets. With Galaxy Digital, it will allow its customers to buy, hold and sell Bitcoin, Ether and Solana from its app. The service is set to start in 2027, in a Leumi Trade section. Pepper, Leumi’s mobile subsidiary, will participate in the setup. The project thus marks the announced arrival of an Israeli bank on the crypto trading market.
In brief Leumi partners with Galaxy Digital to launch its crypto trading service in early 2027. Bitcoin, Ether and Solana will be available for purchase, holding and sale. Leumi will become the first Israeli bank to offer digital asset trading to its clients. Galaxy will provide the necessary infrastructure for crypto operations and custody. Leumi readies crypto trading across three digital assets Leumi and Galaxy Digital announced that customers will be able to access three assets: Bitcoin (BTC), Ether (ETH) and Solana (SOL). They will be able to perform their operations from a section integrated into the Leumi Trade application. The offer will cover the purchase, holding and sale of cryptocurrencies, starting early 2027. Leumi thus becomes the first Israeli bank to offer this digital asset trading.
In their press release published Friday, Leumi indicated that it will use GalaxyOne Institutional for trading operations. Galaxy will provide its digital asset custody infrastructure, derived from the platform formerly known as GK8. The setup thus aims to combine order execution, custody and banking access in a single environment. Trading will be based on this infrastructure.
A partnership that expands the bank’s digital asset services Maya Ravia, Chief Strategy Officer at Leumi, regards digital assets as a growing component of the global financial system. She believes this initiative will offer our clients simple, secure and regulated access to digital asset trading.
We are working tirelessly to expand the range of advanced financial services that the bank offers its customers. This initiative constitutes a key pillar of our innovation strategy and allows us to offer our clients simple, secure and regulated access to digital asset trading which is gradually integrating into the global financial system.
Maya Ravia, Chief Strategy Officer at Leumi On his side, Lior Lamesh, CEO of Galaxy Israel, believes pioneering banks will participate in the evolution towards an open and programmable financial infrastructure.
The future of finance will rest on open and programmable infrastructures, and we are convinced that pioneer banks will shape the coming era.
Lior Lamesh, CEO of Galaxy Israel The partnership is therefore part of a desire to integrate cryptocurrencies into existing banking services. Crypto trading thus joins the offered services. For clients, trading will go through their bank’s investment platform.
However, the project comes after a difficult quarter for Galaxy Digital. The company announced a net loss of 85 million dollars in the second quarter, mainly linked to the decline in digital assets. Despite this result, its crypto activity generated an adjusted gross profit of 66 million dollars, up 34% over a quarter. Galaxy Digital, led by Mike Novogratz, has been listed on Nasdaq since May 2025 under the symbol GLXY.
Leumi and Galaxy team up to write the next chapter for digital assets The planned launch in early 2027 will give a new dimension to services offered by Leumi. Clients will be able to buy, hold and sell Bitcoin, Ether and Solana from the bank’s investment platform. Galaxy Digital will provide the necessary infrastructure for operations and custody of assets. This integration will thus gather several functions related to cryptocurrencies in a single banking environment.
Until then, the two partners will still need to specify access modalities, fees, limits and required authorizations. Compliance with banking requirements also represents an important step before the service opens. These elements will concretely define how this new offer will work for Leumi and Pepper clients. The next step will notably depend on the regulatory progress of the project.
This development will finally give a first indication of the place that digital assets can occupy in Israeli banking services. Leumi serves millions of customers through its retail and commercial activities, giving the project significant scope. The launch will thus allow observing the reception reserved for this new functionality and its integration into existing services
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
JPMorgan Chase has terminated its banking relationship with Polymarket over regulatory concerns.
According to a Wall Street Journal report, sources familiar with the matter said JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket last October due to regulatory concerns. However, the bank still maintains partial partnerships with Polymarket and other prediction market firms. A Polymarket spokesperson noted that the company currently has "close and active relations" with JPMorgan through multiple entities. Over the past year, Polymarket CEO Shayne Coplan has attended JPMorgan-hosted events three times. Earlier this year, a major investor in Polymarket assisted the firm in reaching out to large banks including Citigroup and Fifth Third.
Currently, prediction markets are facing heightened scrutiny from U.S. state and federal regulators. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket, while the New York City Council is also probing its marketing practices; simultaneously, multiple states are engaged in ongoing litigation over whether prediction markets should be regulated as gambling operations.
JPMorgan has previously come under the Trump administration’s spotlight over so-called "debanking" issues. Trump has ordered regulators to probe whether banks engage in "politicized or illegal debanking" practices, and JPMorgan received a subpoena from the U.S. Department of Justice last month as a result.
4 hours ago
Fed's Goolsby: More evidence needed to confirm inflation is falling
Chicago Federal Reserve President Austan Goolsbee said recent Consumer Price Index (CPI) data is encouraging, but inflation remained elevated in May and June. If the momentum from June persists over the next three to four months, policymakers can be confident prices are steadily returning to the 2% target, he noted. He backed holding interest rates steady in July, pointing out that inflation remains the top concern while the economy and employment have "broadly held stable." Goolsbee warned that a sustained drop in retail sales would spark worries, as consumption is a key pillar of the U.S. economy. Separately, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth is not sustainable, the narrative around AI and monetary policy will need to be re-evaluated. On the question of reducing the number of policy meetings, Goolsbee said he has no strong stance and is willing to wait for the working group’s recommendations. (Jinshi)
4 hours ago
Elon Musk: Orbit computing could become the only way to scale AI by 2029.
Elon Musk stated in a post that due to issues with power availability and regulatory approvals for ground-based data centers, orbital computing — also known as space-based computing platforms — may become the only way to continue scaling up AI by some point in 2029.
4 hours ago
Anthropic’s IPO Could Be a Key Test for the AI Boom, as Its $2 Trillion Valuation Faces Profitability Scrutiny
According to analysis by Jim Osman, a Forbes columnist, Anthropic’s potential initial public offering (IPO) could serve as a key milestone for testing the investment logic underpinning the AI boom. The company’s annualized revenue run rate has climbed from $14 billion in February to over $47 billion in May, while its latest private valuation has surged from $380 billion in February to $965 billion. Markets are even debating whether its IPO valuation could top $2 trillion, though the company has yet to disclose an offering price or final listing timeline.
Osman pointed out that Anthropic’s growth is highly impressive, but this also means much of its future success may already be factored into its valuation. The firm filed a confidential IPO application on June 1, and while preparing for its public listing, it must continue pouring massive capital into maintaining its competitiveness in cutting-edge AI models. In May, Anthropic raised $65 billion in funding, with a portion earmarked for expanding computing power. The company has secured an additional 5GW computing power deal with Amazon, plus another 5GW next-generation TPU computing partnership with Google and Broadcom, and also has access to SpaceX’s GPU capacity. The report added that Anthropic has committed to investing more than $100 billion in Amazon Web Services (AWS) over the next decade.
Osman believes investors need to focus not only on whether AI technology continues to advance, but also on how future profits will ultimately be split among model developers, chipmakers, cloud service providers, data centers, and software firms. For Anthropic, the critical factors are how much of its revenue can eventually be converted into cash, how much capital must be reinvested to sustain technological leadership, and whether it can preserve pricing power and long-term returns amid intensifying competition.
4 hours ago
Suspect in UnitedHealth Group CEO shooting pleads guilty to federal charges.
Luigi Mangione has formally pleaded guilty in the fatal shooting of UnitedHealth Group CEO Brian Thompson. A federal judge has set Mangione’s sentencing date for December 18. Mangione told the court during the hearing that he entered a guilty plea in his federal criminal case, admitting to shooting Thompson. The plea agreement will prevent the high-profile case from proceeding to a federal trial. Additionally, the guilty plea may enable Mangione to seek dismissal of New York state murder charges and delay the upcoming state trial. Mangione currently faces both federal and state charges. The state trial is scheduled for September 8. If convicted of second-degree murder, Mangione faces a sentence of 25 years to life in prison. (CCTV)
4 hours ago
Federal Reserve’s Goolsbee: CPI Data Is Encouraging, Supports Decision to Hold Interest Rates Steady in July
Fed’s Goolsbee says CPI data is encouraging, but more data is needed to reach a judgment. The latest two productivity readings are very disappointing, backing the decision to hold interest rates steady in July. If productivity continues to decline, expectations around AI will need to be re-evaluated.
The Internet Computer blockchain, developed by @dfinity, continues to hold its position as the world's second-fastest blockchain by real-time throughput, processing 1,386 transactions per second ($ICP). Only @Solana ranks higher, recording the fastest figure among all active networks at 1,944 TPS.
A Clear Two-Tier Hierarchy
The gap between the top two and the rest of the market is substantial. @BNBCHAIN ranks third with 192 TPS, a fraction of what either Solana or Internet Computer sustains in live conditions. That margin underscores what sets the two leaders apart: they are currently the only networks capable of achieving sub-second transaction finality at a global scale.
Independent analytics platform Chainspect, which tracks real-time and rolling throughput across major layer-1 networks, has consistently placed Internet Computer and Solana at the top of its rankings. Chainspect data shows Solana operating with a block time of roughly 430 milliseconds and a finality window of 12.8 seconds, reinforcing its standing as the fastest production blockchain by live TPS.
Internet Computer's Sustained Performance
$ICP's real-time throughput figures are consistent with readings tracked in recent months. Crypto Times reported that Internet Computer recorded 449.5 billion transactions over a three-year period, nearly half of all transactions logged across tracked layer-1 networks, giving it a 48.9% share of cumulative volume. Its 365-day total stood at 144 billion, ahead of Solana's 101.2 billion over the same window.
The network uses Chain Key cryptography to enable rapid transaction finality and support for decentralized web services, a design that separates it architecturally from most competing layer-1 blockchains. Meanwhile, Solana's performance is supported by its Proof-of-History mechanism, which improves how transactions are ordered and verified across its validator set.
With performance data showing a widening gap between the top two networks and the broader market, the rankings reflect a maturing divide between blockchains built for high-throughput production use and those still catching up.
Sources:
Chainspect: Solana TPS, Finality and Scalability Metrics
Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana tradingLatest NewsPublishedAug 14, 2026
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027.
Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.
The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers.
Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy’s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure.
According to Leumi, the bank serves millions of customers across its retail and business operations.
The partnership comes after Galaxy reported an $85 million net loss in the second quarter, which it attributed largely to declining digital asset prices. Despite the loss, its digital assets business generated $66 million in adjusted gross profit, up 34% from the previous quarter.
Galaxy Digital, founded and led by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. Its shares were trading at $21.38 on Friday morning, up about 2% on the day but down roughly 25% over the past year, according to Yahoo Finance data.
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana tradingLatest NewsPublishedAug 14, 2026
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027.
Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.
The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers.
Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy’s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure.
According to Leumi, the bank serves millions of customers across its retail and business operations.
The partnership comes after Galaxy reported an $85 million net loss in the second quarter, which it attributed largely to declining digital asset prices. Despite the loss, its digital assets business generated $66 million in adjusted gross profit, up 34% from the previous quarter.
Galaxy Digital, founded and led by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. Its shares were trading at $21.38 on Friday morning, up about 2% on the day but down roughly 25% over the past year, according to Yahoo Finance data.
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitcoin (CRYPTO: BTC) remains pinned near $63,000 even as U.S. stocks push to record highs, fueling the debate about whether crypto has already bottomed.
BTC Trapped, Bottom In Q4?In a podcast on Aug. 13, Crypto trader Trader Mayne highlighted Bitcoin has essentially been trapped in the same range since June and argued investors haven’t missed much even if the cycle bottom is already in.
“The bottom is a process,” Mayne said, pointing to previous cycles in which Bitcoin spent months establishing a base before eventually breaking higher.
He currently leans toward Bitcoin’s ultimate low not being in yet. Mayne noted that following the traditional four-year cycle would put a potential bottom around late Q4 or early 2027.
Rather than trying to perfectly time the low, Mayne favors gradually building exposure while keeping dry powder available for another decline.
The weakness is particularly notable because Bitcoin has failed to follow equities higher. Mayne warned that if stocks eventually correct, Bitcoin could face additional pressure despite barely participating in their rally.
Traders Are Watching Ethereum, Solana And XRPEthereum (CRYPTO: ETH) remains bearish on Mayne’s framework after its latest bounce failed to change the broader market structure.
He believes ETH needs a bullish market-structure break before he becomes interested in longs. Until then, lows around $1,750 remain vulnerable if Bitcoin rolls over.
The ETH/BTC pair has broken its downtrend line, but Mayne wants to see it take out previous highs before treating the move as a meaningful trend change.
Solana (CRYPTO: SOL), meanwhile, continues consolidating inside a weekly order block. Mayne sees there is little confirmation in either direction yet, although SOL has recovered more strongly from its June lows than Bitcoin.
For XRP (CRYPTO: XRP), Mayne remains focused on its aggressive downtrend.
The token failed to deliver the trendline breakout he previously wanted to see and instead printed another low. His next potential setup would be a weekly swing failure pattern, followed by a breakout from the downtrend.
XRP has recently been hovering around the psychologically important $1 area, which has acted as near-term support.
Chainlink (CRYPTO: LINK) offered a relatively stronger setup. Mayne noted that LINK reacted from a three-day order block and said the next confirmation would be a higher high.
Hyperliquid (CRYPTO: HYPE) is also showing signs of life after breaking above a short-term downtrend, although Mayne noted it still needs to clear additional highs to confirm a broader structural reversal.
Could Crowded Bitcoin Shorts Spark A Squeeze?In an X post on Aug. 13, Trader Cav noted another factor that could dramatically change the setup.
“Total BTC Open Interest / Market Cap is getting pretty elevated here,” Cav said, noting that the calculation includes perpetual futures and Deribit options.
He believes a significant amount of bearish positioning is already “baked in,” with traders betting on another Bitcoin decline.
That could turn into fuel for a squeeze if BTC instead breaks higher.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
P2P.org has integrated its staking infrastructure with Arkis, allowing institutional clients to use staked Solana and Avalanche assets as collateral while continuing to earn protocol rewards.
Summary
Arkis clients can use staked Solana and Avalanche positions as collateral for trades. Margin is calculated against the aggregate risk of each client’s Arkis account. Validator downtime and slashing risk will affect how Arkis values the collateral. The integration is live through the Carry Trades section of Arkis Alpha. P2P.org staking enters Arkis collateral system P2P.org said in an Aug. 13 announcement that Arkis clients can now stake supported assets through its validator infrastructure and post the resulting positions as collateral without unstaking them first.
At launch, the integration supports Solana and Avalanche. P2P.org and Arkis did not say when other proof-of-stake networks might be added.
Once deposited, the staked asset and any trades backed by it sit within a single Arkis account. The prime broker calculates margin from the aggregate risk of the account instead of assessing each position separately at the trading venue where it is held.
Clients can therefore borrow against a supported staked position in the same way that they borrow against other collateral accepted by Arkis. According to the announcement, the asset continues generating protocol rewards while it supports the client’s trading positions.
The service is available through Carry Trades in Arkis Alpha. After a client selects a staked asset, the platform displays the strategies that accept it as collateral and provides the stated economics before capital is committed.
P2P.org supplies the non-custodial staking and validator infrastructure, while Arkis handles credit, collateral, and portfolio risk.
“Collateral is only as good as the operator standing behind it,” said Artemiy Parshakov, vice president of strategic solutions at P2P.org.
Parshakov added that staking can no longer be treated as a passive balance-sheet position once an institution borrows against it. According to the executive, P2P.org’s validator operations must meet the standards applied under Arkis’s credit and risk framework.
Arkis prices validator risk into margin Adding staked assets to a margin account introduces risks that do not apply to cash or unstaked tokens. Proof-of-stake networks can penalize validators for conduct such as signing conflicting blocks or failing to meet certain network requirements.
Known as slashing, the penalty can reduce the number of tokens attached to a validator. Extended downtime can also reduce expected rewards, changing the value of a position used to support an open trade.
Arkis said its risk framework considers the quality of the staking operator when determining how the collateral should be treated. Slashing history and validator downtime are therefore assessed as margin inputs rather than excluded from the calculation.
“A growing share of institutional books sits in assets that earn yield, and credit providers have been slow to treat those positions as part of the portfolio they margin,” said Oleksandr Proskurin, chief product officer and co-founder of Arkis.
Proskurin said the integration places staked assets alongside the client’s other positions for margin purposes. Arkis chose P2P.org because the prime broker wanted to assess the operator behind the staked asset as part of its underwriting process, he added.
According to Arkis, the Spark-backed company has deployed more than $250 million in institutional credit since 2022 without recording bad debt. The figure is company-provided and was not independently verified in the announcement.
P2P.org reported that its validators operate across more than 40 proof-of-stake networks and secure over $10 billion in staked assets. The company also claimed that it has not recorded a slashing incident since its establishment in 2018 and serves more than 190 institutional clients.
Staked collateral keeps capital in use Without such an arrangement, a fund may need to unstake an asset before using it as collateral elsewhere. Unstaking can involve a waiting period determined by the blockchain, during which the holder may lose access to trading opportunities or stop receiving some rewards.
The P2P.org integration allows the staked position to remain active while Arkis uses it to support other trades. Any rewards remain determined by the underlying protocol and can vary based on network conditions, the amount staked, validator performance, and protocol rules.
Using an earning asset as collateral does not remove liquidation or slashing risk. A decline in the token’s market price, a change in margin requirements, or a validator penalty could reduce the collateral supporting an open position.
The Arkis arrangement differs from restaking, in which an already-staked asset is used to secure additional blockchain services. As an August staking explainer detailed, restaking can expose an asset to several sets of slashing conditions when it secures multiple protocols.
Under the announced Arkis structure, the supported staked position serves as financial collateral within a prime brokerage account. The companies did not state that Solana or Avalanche assets would be restaked to secure another network.
P2P.org has used similar integrations to place its staking services inside existing institutional systems. In June, crypto.news reported that Taurus had integrated P2P.org validators with Taurus-PROTECT, allowing financial institutions to stake while retaining custody and control of their assets.
An earlier collaboration added P2P.org to Northstake’s ETH validator marketplace in January 2025. The companies said the marketplace was designed to provide regulated institutions with access to Ethereum validator infrastructure.
U.S. guidance covers some staking arrangements For U.S. institutions, a May 2025 staff statement from the Securities and Exchange Commission’s Division of Corporation Finance addressed certain forms of protocol staking carried out directly or through a third-party operator.
The SEC staff statement said the protocol staking activities described in its analysis did not involve the offer and sale of securities. Its position covered some non-custodial arrangements in which token owners retain ownership and control of their assets and private keys while assigning validation rights to a node operator.
The division said its view depended on the specific facts and circumstances. Services that include additional business arrangements or depart from the activities described in the statement may require a separate legal assessment.
P2P.org describes its staking infrastructure as non-custodial, but neither company announced specific access for U.S. institutions or said that the Arkis integration had been assessed under U.S. securities law. The release also did not disclose whether geographic restrictions apply to Arkis Alpha.
In May 2025, the Office of the Comptroller of the Currency confirmed that national banks and federal savings associations may outsource permissible crypto activities to third parties when they maintain appropriate third-party risk controls. The OCC guidance addressed custody and transaction execution but did not approve P2P.org, Arkis, or the use of staked assets as trading collateral.
P2P.org separately announced an Aug. 11 partnership with BoulderTech to distribute staking and decentralized finance services in Argentina, Brazil, and Mexico. BoulderTech will connect the validator operator with regional exchanges, custodians, banks, asset managers, and funds, while both companies assess whether to deploy validator infrastructure at IRSA-backed facilities in Argentina.
Bitwise Asset Management has partnered with tokenization firm Superstate to explore allowing shares of its Solana staking ETF to be held onchain.
The companies are developing infrastructure that would let investors choose between holding shares through the traditional Depository Trust Company system or having their ownership recorded on a blockchain through Superstate’s transfer agency infrastructure.
Bitwise expects its Solana Staking ETF, which trades on NYSE Arca under the ticker BSOL, to be the first fund considered for the tokenized share option. The company cautioned that the feature remains subject to legal and regulatory requirements and there is no guarantee it will launch.
Advertisement
Tokenization would not create a separate investment product or change the underlying rights attached to the shares. Investors would continue purchasing the same BSOL shares through existing channels, with tokenization changing only how ownership is recorded.
Tokenized shares would carry the same rights as traditional shares but would not be freely transferable outside the designated recordkeeping system.
Superstate provides infrastructure for bringing securities onchain, including compliant issuance, recordkeeping, direct investor registration and integration with onchain markets.
BSOL launched in October 2025 and provides direct exposure to Solana while seeking additional SOL through staking. The fund had roughly $592 million in assets under management as of late July.
Bitwise currently manages more than $9 billion in client assets across more than 70 investment products. The firm indicated that additional ETFs could eventually adopt the tokenized share structure if the initiative moves forward.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Bitcoin, Ethereum and Solana have become the first cryptocurrencies to be offered by the largest bank in Israel, which has just added digital assets to its long list of services.
Following a recent announcement shared by the firm, the crypto assets are set to become more accessible to residents in Israel after Bank Leumi partners with Galaxy to introduce digital asset trading services through its banking platform.
Leumi and Galaxy partner Being the first bank in Israel to offer digital asset trading directly to its customers, the move has sparked a buzz across the crypto ecosystem.
HOT Stories
The move follows the bank's recent partnership with Galaxy Digital, a renowned cryptocurrency firm, which will allow customers of Bank Leumi and its mobile banking arm, PEPPER, to buy, hold, and sell cryptocurrencies.
You Might Also Like
Following the partnership, Bank Leumi will utilize the GalaxyOne Institutional infrastructure to execute its crypto operations. This is Galaxy's platform designed for banks, asset managers and other institutional clients to trade, finance and stake digital assets.
Bitcoin, Ethereum and Solana in the spotlight The crypto assets currently available for purchase on the banking platform include Bitcoin, Ethereum and Solana. Other assets like XRP and more are expected to join the list soon.
Nonetheless, it is important to note that the crypto assets are not yet available to customers of the bank, as the service is expected to launch in early 2027 and will be available through a dedicated section of the Leumi Trade capital markets application.
According to the bank, the trading environment will be designed to provide customers with a secure and regulated way to access digital assets.
Morgan Stanley and JPMorgan increased their exposure to cryptocurrency ETFs in the second quarter, with both banks adding to their Bitcoin and Ethereum positions despite a volatile period for digital assets, according to SEC filings.
JPMorgan increased its IBIT stake to about 10.4 million shares from 8.3 million and more than quadrupled its position in BlackRock’s Ethereum ETF to roughly 1.17 million shares. It also added positions in Solana and XRP investment products.
The filings highlight growing institutional adoption of crypto ETFs, with the biggest banks expanding exposure across Bitcoin, Ethereum and newer crypto assets.
QUICK CONTEXT: Big Banks Expand Crypto ETF ExposureThe second-quarter filings show that major Wall Street banks are continuing to build cryptocurrency exposure through exchange-traded products. The moves are notable because they came despite volatility in crypto markets during the quarter.
Morgan Stanley’s IBIT position increased in share count, but its reported value declined to about $549 million from $667 million as Bitcoin prices fell during the period. The bank also reported 2.57 million shares of its own Morgan Stanley Bitcoin Trust, which began trading in April.
Ethereum saw particularly sharp percentage increases. Morgan Stanley more than tripled its BlackRock Ethereum ETF position, while JPMorgan increased its stake in the same product more than fourfold. Both banks also broadened beyond Bitcoin and Ethereum, adding exposure to Solana products, while JPMorgan reported new positions in XRP investment products.
The filings suggest crypto ETF exposure is becoming increasingly diversified among large financial institutions.
Photo: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
Bank Leumi, Israel’s largest bank, has partnered with Galaxy Digital to offer digital asset trading to its customers, making it the first bank in Israel to announce direct crypto trading services.
Customers of Bank Leumi and PEPPER, its mobile banking arm, will be able to buy, hold and sell Bitcoin, Ether and Solana through the Leumi Trade capital markets app. The service is expected to launch in early 2027.
Trading will be available through a dedicated section of the app, allowing customers to access digital assets alongside the bank’s existing investment services.
Advertisement
Galaxy will provide trading infrastructure through GalaxyOne Institutional, its platform designed for banks, asset managers and other institutional clients.
Bank Leumi also signed an agreement to use Galaxy’s Custody Infrastructure platform, formerly known as GK8, to support the custody infrastructure behind the service.
Bank Leumi Head of Strategy Maya Ravia said the initiative forms part of the bank’s broader innovation strategy and is intended to give customers regulated access to digital assets within its banking platform.
Galaxy Israel CEO Lior Lamesh said the partnership combines the company’s trading and custody infrastructure as Galaxy seeks to provide digital asset services to banks globally.
Galaxy confirmed the partnership Friday, saying Leumi had selected the company to provide the infrastructure supporting its planned digital asset offering.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The leading bank in Israel, Bank Leumi, has caught the eyes of crypto market traders with its recent announcement to allow crypto trading for its customers through a partnership with Galaxy. According to the announcement, the customers would be able to buy, sell, or hold cryptocurrencies like Bitcoin, Ethereum, and Solana.
Notably, this also marks a major step for the Israeli banking sector into the digital assets space. Simultaneously, it also suggests the growing institutional confidence and soaring demand for cryptocurrencies globally.
Israel Bank to Allow Bitcoin, ETH, and SOL Trading
Bank Leumi, Israel’s largest bank, has partnered with Galaxy to launch digital asset trading for its customers. The service is expected to go live in early 2027. Customers of Leumi and PEPPER will be able to buy, hold, and sell selected cryptocurrencies through the Leumi Trade capital markets application.
The service will operate through a dedicated section within the app. GalaxyOne Institutional will provide the trading infrastructure. Galaxy’s Custody Infrastructure platform will also support Leumi’s digital asset operations. The setup aims to combine crypto exposure with banking-grade controls and security.
Meanwhile, the initial asset selection also offers an interesting glimpse into institutional demand. The customers would be able to trade or hold the two largest cryptocurrencies by market cap, Bitcoin and Ethereum.
In addition, it would also allow trading Solana alongside Bitcoin and Ether. Galaxy has already built institutional infrastructure around Solana exposure. Its role as a staking provider for digital asset products further highlights the network’s growing institutional presence.
Galaxy Deepens its Institutional Banking Push
The latest deal to offer Bitcoin, Ethereum, and Solana trading has strengthened Galaxy’s broader push into institutional digital assets. GalaxyOne Institutional offers trading, custody, staking, financing, and research services through one platform.
In addition, Galaxy and BNY have recently deepened their crypto partnership by adding institutional staking to BNY’s digital asset platform. Through this setup, clients can hold and stake their assets in a single workflow, while BNY continues to build out its services for tokenized funds and blockchain-based transfer agency operations.
On the other hand, the company has also continued expanding beyond pure crypto infrastructure. In July, Galaxy secured a naming rights deal with Texas Tech, making Galaxy the athletics department’s official data center and digital assets partner.
Meanwhile, as traditional banks are slowly integrating these options, active retail traders can compare the best crypto apps for mobile trading to find options with wider asset coverage and lower fees.
Solana’s leadership has a new pitch for the network’s future, and it borrows from the streaming wars playbook. Vibhu Norby, the Solana Foundation’s Chief Product Officer, described Solana as “the Netflix or the Amazon of finance” at a recent Stanford event, framing the blockchain as a single destination where users can trade stocks, real-world assets, and crypto all in one place.
The numbers backing the vision
The RWA sector on Solana recently reached an all-time high valuation of $3.9 billion. That total spans 2,676 distinct assets and nearly 340,000 holders.
Solana’s broader network currently secures roughly $50 billion in assets. Daily trading volume sits at around $3.4 billion.
Advertisement
New features fueling the push
The ecosystem expansion isn’t just about asset listings. Solana’s Backpack wallet has introduced stock tokenization capabilities, letting users access equity markets directly from their crypto wallet.
Solana has also rolled out native subscription and recurring payment functionality. Subscription billing is a roughly $275 billion global market, and embedding that capability at the protocol level gives Solana-based apps a toolkit that most competing chains still lack.
Competitive landscape and what’s at stake
Solana isn’t the only chain chasing the tokenization opportunity. Ethereum remains the default venue for institutional RWA projects, with BlackRock’s BUIDL fund and Franklin Templeton’s on-chain money market fund both running on its network.
That strategy carries real risk. Regulatory clarity around tokenized securities remains murky in the US, and any platform offering stock trading through a crypto wallet is painting a target on its back for SEC scrutiny. The Backpack exchange has pursued licensing in regulated jurisdictions.
SOL is currently trading near $76.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Israel’s largest bank has partnered with Galaxy to offer Bitcoin, Ether, and Solana trading through its investment app from early 2027.
Summary
Bank Leumi will become the first Israeli bank to provide direct digital asset trading.
Leumi and PEPPER customers will access Bitcoin, Ether, and Solana through Leumi Trade.
GalaxyOne Institutional will handle trading, while Galaxy’s former GK8 platform will support custody.
Galaxy has also added institutional crypto services through BNY and Morgan Stanley in 2026.
Galaxy announced the partnership with Bank Leumi on Aug. 14, saying the planned service will let customers buy, hold, and sell three cryptocurrencies without leaving the bank’s capital markets application.
The service is expected to become available in early 2027 and will cover customers of both Leumi and PEPPER, its mobile banking arm. Users will find the trading tools inside a dedicated, secured section of the Leumi Trade app, according to the announcement.
Bank Leumi, which describes itself as Israel’s leading financial institution, serves millions of households, small businesses, and corporate clients. Once the service goes live, it will become the first bank in Israel to provide digital asset trading directly to customers, the companies said.
Bank Leumi crypto trading will begin with three assets
Bitcoin, Ethereum, and Solana will form the initial asset list, giving customers access to the three networks through an existing banking interface rather than a separate crypto exchange or self-custody wallet.
The announcement did not disclose trading fees, minimum purchase amounts, or whether the bank will add more assets after launch. Galaxy and Leumi also did not specify whether all customers will receive access at once or whether the service will begin with a phased rollout.
By placing the service inside Leumi Trade, the bank will combine crypto transactions with the application customers already use for capital markets activity. Bank Leumi said the arrangement will provide access through a regulated banking framework, while Galaxy will supply the systems needed to execute trades and support the underlying assets.
Maya Ravia, head of strategy at Bank Leumi, said the initiative would expand the financial services available to customers and provide “simple, secure, and regulated access” to digital asset trading.
“We believe that digital assets are gradually becoming an integral part of the global financial system, and it is our role to enable customers to benefit from this development within a reliable, secure, and regulated banking framework.”
Rather than building every part of the service internally, Leumi will use two Galaxy products for separate functions. GalaxyOne Institutional will provide trading and related services, while Galaxy’s Custody Infrastructure platform will support the bank’s digital asset operations.
Galaxy will provide trading and custody infrastructure
GalaxyOne Institutional combines services including crypto trading, financing, staking, custody and research for banks, asset managers, and other professional clients. Under the Leumi agreement, the platform will handle the trading side of the bank’s planned offering.
For custody infrastructure, Leumi has signed a separate agreement covering the Galaxy platform, formerly known as GK8. Galaxy acquired GK8 from bankrupt crypto lender Celsius in 2023 and later incorporated the technology into its institutional infrastructure business.
Lior Lamesh, CEO of Galaxy Israel, said the company is building a single platform that links trading and custody for banks. He described Leumi as the first Israeli bank to bring digital asset trading to its customers.
“The future of finance will run on open, programmable rails, and we believe the banks that move first will define the era that follows,” Lamesh said.
Galaxy did not disclose the value or duration of either agreement. The announcement also provided no details about how customer assets will be held, whether the bank will use segregated wallets or what withdrawal options may be available.
Bank Leumi’s selection of Bitcoin and Ether gives customers access to the two largest cryptocurrencies by market capitalization. Solana’s inclusion places a third network alongside them at launch, although the announcement did not say whether staking will be offered for ETH or SOL.
Galaxy has added more banks to its institutional network
The Leumi agreement follows several 2026 deals through which Galaxy has supplied crypto infrastructure or services to established financial institutions.
Earlier in August, crypto.news reported on BNY adding Galaxy’s staking infrastructure to its Digital Asset Custody platform. The planned service will allow eligible institutional clients to hold and stake supported assets through one servicing model, subject to regulatory review.
BNY said Galaxy would act as both an infrastructure provider and a design partner. Clients would keep their assets within BNY’s custody framework while using Galaxy’s systems to participate in proof-of-stake networks, although the companies had not disclosed the supported assets or launch date.
In June, Galaxy also entered a Morgan Stanley arrangement for eligible wealth-management clients holding Bitcoin, Ether, and Solana. Under the referral setup, clients can lend at least $5 million in digital assets to Galaxy and receive shares in spot crypto investment products, including the Morgan Stanley Bitcoin Trust.
The companies said the process can reduce crypto-to-exchange-traded-product onboarding times by as much as 75%. Morgan Stanley clients previously faced a $25 million minimum for the service before Galaxy lowered the threshold to $5 million under the referral arrangement.
Galaxy’s work with Leumi differs in customer scope because it places direct buying, holding, and selling functions inside a retail-facing bank application. The BNY agreement focuses on staking for eligible institutions, while the Morgan Stanley arrangement serves high-net-worth clients moving existing crypto exposure into investment products.
U.S. investors can access Galaxy through Nasdaq
Although the Leumi trading service is intended for the Israeli bank’s customers, Galaxy is a New York-headquartered public company whose Class A shares trade on Nasdaq under the GLXY ticker. American investors can therefore gain equity exposure to the company supplying Leumi’s trading and custody infrastructure, though the firms did not disclose the agreement’s expected financial contribution.
Galaxy also operates regulated digital asset services in the United States. In May, its GalaxyOne Prime NY subsidiary secured a BitLicense and a Money Transmission License from the New York State Department of Financial Services.
The approvals allow the subsidiary to provide digital asset trading and custody services to hedge funds, registered investment advisers, and family offices in New York. At the time of the approval, Galaxy said its platform managed about $9 billion in client assets and held more than 50 licenses across its international regulatory network.
New York’s framework requires licensed digital asset companies to meet capital, compliance, and cybersecurity requirements. Galaxy became the second company to receive a BitLicense in 2026, following payments company Strike, while other license holders include Coinbase, Circle, Robinhood, and PayPal.
Outside its digital asset operations, Galaxy also develops data center infrastructure in the United States. The company’s Helios campus in Texas anchors a planned pipeline with more than 5.7 gigawatts of potential capacity, according to its Aug. 14 announcement.
Bank Leumi was founded more than 120 years ago and operates without a controlling shareholder. The bank said its customer base covers individuals, small and medium-sized businesses, and large corporations through physical branches and digital services.
The value of crypto-related investments held by Ivy League university Dartmouth College’s $9 billion endowment fell by more than $2 million in three months.
In a Thursday filing with the US Securities and Exchange Commission (SEC), the trustees of Dartmouth College reported that the university endowment held about $12.4 million worth of the Bitwise Solana staking exchange-traded fund (ETF), the Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF as of June 30. The endowment held the same number of shares of each ETF, but the overall value dropped by about 15% since it reported holding $14.6 million as of March 31.
The drop in value roughly corresponded to falling crypto prices tied to each ETF. Since March 31, the price of Bitcoin (BTC) fell 7.7% to $62,915, Solana (SOL) by 9.6% to $75.11 and Ether (ETH) by 10.8% to $1,875.
Dartmouth reported adding crypto exposure to its endowment’s portfolio in 2025, making it one of the first US universities to invest in digital assets. Harvard, with a $57 billion endowment, had not disclosed its second-quarter 2026 holdings as of Friday, but reported liquidating the entirety of its $87 million worth of BlackRock’s iShares Ethereum as of March 31.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
JPMorgan Chase has terminated its banking relationship with Polymarket over regulatory concerns.
According to a Wall Street Journal report, sources familiar with the matter said JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket last October due to regulatory concerns. However, the bank still maintains partial partnerships with Polymarket and other prediction market firms. A Polymarket spokesperson noted that the company currently has "close and active relations" with JPMorgan through multiple entities. Over the past year, Polymarket CEO Shayne Coplan has attended JPMorgan-hosted events three times. Earlier this year, a major investor in Polymarket assisted the firm in reaching out to large banks including Citigroup and Fifth Third.
Currently, prediction markets are facing heightened scrutiny from U.S. state and federal regulators. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket, while the New York City Council is also probing its marketing practices; simultaneously, multiple states are engaged in ongoing litigation over whether prediction markets should be regulated as gambling operations.
JPMorgan has previously come under the Trump administration’s spotlight over so-called "debanking" issues. Trump has ordered regulators to probe whether banks engage in "politicized or illegal debanking" practices, and JPMorgan received a subpoena from the U.S. Department of Justice last month as a result.
32 minutes ago
Fed's Goolsby: More evidence needed to confirm inflation is falling
Chicago Federal Reserve President Austan Goolsbee said recent Consumer Price Index (CPI) data is encouraging, but inflation remained elevated in May and June. If the momentum from June persists over the next three to four months, policymakers can be confident prices are steadily returning to the 2% target, he noted. He backed holding interest rates steady in July, pointing out that inflation remains the top concern while the economy and employment have "broadly held stable." Goolsbee warned that a sustained drop in retail sales would spark worries, as consumption is a key pillar of the U.S. economy. Separately, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth is not sustainable, the narrative around AI and monetary policy will need to be re-evaluated. On the question of reducing the number of policy meetings, Goolsbee said he has no strong stance and is willing to wait for the working group’s recommendations. (Jinshi)
32 minutes ago
Elon Musk: Orbit computing could become the only way to scale AI by 2029.
Elon Musk stated in a post that due to issues with power availability and regulatory approvals for ground-based data centers, orbital computing — also known as space-based computing platforms — may become the only way to continue scaling up AI by some point in 2029.
32 minutes ago
Anthropic’s IPO Could Be a Key Test for the AI Boom, as Its $2 Trillion Valuation Faces Profitability Scrutiny
According to analysis by Jim Osman, a Forbes columnist, Anthropic’s potential initial public offering (IPO) could serve as a key milestone for testing the investment logic underpinning the AI boom. The company’s annualized revenue run rate has climbed from $14 billion in February to over $47 billion in May, while its latest private valuation has surged from $380 billion in February to $965 billion. Markets are even debating whether its IPO valuation could top $2 trillion, though the company has yet to disclose an offering price or final listing timeline.
Osman pointed out that Anthropic’s growth is highly impressive, but this also means much of its future success may already be factored into its valuation. The firm filed a confidential IPO application on June 1, and while preparing for its public listing, it must continue pouring massive capital into maintaining its competitiveness in cutting-edge AI models. In May, Anthropic raised $65 billion in funding, with a portion earmarked for expanding computing power. The company has secured an additional 5GW computing power deal with Amazon, plus another 5GW next-generation TPU computing partnership with Google and Broadcom, and also has access to SpaceX’s GPU capacity. The report added that Anthropic has committed to investing more than $100 billion in Amazon Web Services (AWS) over the next decade.
Osman believes investors need to focus not only on whether AI technology continues to advance, but also on how future profits will ultimately be split among model developers, chipmakers, cloud service providers, data centers, and software firms. For Anthropic, the critical factors are how much of its revenue can eventually be converted into cash, how much capital must be reinvested to sustain technological leadership, and whether it can preserve pricing power and long-term returns amid intensifying competition.
32 minutes ago
Suspect in UnitedHealth Group CEO shooting pleads guilty to federal charges.
Luigi Mangione has formally pleaded guilty in the fatal shooting of UnitedHealth Group CEO Brian Thompson. A federal judge has set Mangione’s sentencing date for December 18. Mangione told the court during the hearing that he entered a guilty plea in his federal criminal case, admitting to shooting Thompson. The plea agreement will prevent the high-profile case from proceeding to a federal trial. Additionally, the guilty plea may enable Mangione to seek dismissal of New York state murder charges and delay the upcoming state trial. Mangione currently faces both federal and state charges. The state trial is scheduled for September 8. If convicted of second-degree murder, Mangione faces a sentence of 25 years to life in prison. (CCTV)
32 minutes ago
Federal Reserve’s Goolsbee: CPI Data Is Encouraging, Supports Decision to Hold Interest Rates Steady in July
Fed’s Goolsbee says CPI data is encouraging, but more data is needed to reach a judgment. The latest two productivity readings are very disappointing, backing the decision to hold interest rates steady in July. If productivity continues to decline, expectations around AI will need to be re-evaluated.
Solana is seeking stability around the $76 mark as traders closely watch its ability to reclaim the crucial $80-$85 resistance band, a move considered essential for confirming a broader market recovery.
Support levels define Solana’s near-term outlookThe cryptocurrency recently entered a multi-layered support region following a protracted decline. Technical analyst Killa, known for detailed market structure analysis on X, identified $76.69 as the primary bid level, with deeper stopover points at $67.06 and $53.33.
SOL has already entered the upper segment of this demand zone, and its current behavior will determine whether buyers can stabilize the downtrend or whether the price will explore additional liquidity at lower levels. Killa emphasizes the importance of these levels as possible scenarios for price interaction, not predetermined downside targets.
The chart shared by Killa outlines a potential near-term bounce from current levels, with a possibility that Solana could revisit $67.06 or even descend toward $53.33 before any meaningful reversal takes shape. This path points to continued volatility before establishing a solid recovery foundation.
Killa maintains a bullish long-term view if Bitcoin, the largest cryptocurrency by market capitalization, manages to form a reliable bottom. The analyst projects that SOL could see gains ranging from 100% to 150% from present values, stressing, however, that a new all-time high is not immediately expected. This optimistic outcome is closely tied to Bitcoin’s stability and an improvement in overall risk appetite within the crypto sector.
Killa signals that a durable rebound for SOL is more likely if supportive demand emerges at current levels and if Bitcoin leads a broader crypto resurgence, but warns that without these conditions, downside scenarios toward $67 and $53 remain possible.
For bullish investors, retaining the layered support area would provide an initial improvement signal. Market structure would strengthen further if Solana begins reclaiming previously lost breakdown levels and demonstrates a sequence of higher lows instead of breaching deeper support.
Despite these positive indicators, downside risks persist. A breach below $67.06 would likely expose SOL to $53.33, the lowest marked bid zone. Until Solana converts resistance into support above current trading ranges, any projected recovery remains tentative, not an established trend reversal.
Support LevelStatus$76.69Current bid zone, under observation$67.06Deeper support, risk if $76 breached$53.33Lowest support, last identified demand area$80-$85 resistance is key to trend confirmationOn the weekly chart, Solana has managed to break above its recent declining trendline, offering signs of stabilization. Market Watcher, a prominent technical observer on X, highlights the $80-$85 resistance range as the next critical milestone for SOL. This barrier has repeatedly contained previous recovery efforts.
Currently trading near $76, Solana hovers above a long-term ascending trendline close to the $60 level. This trendline has supported SOL’s larger market structure over multiple cycles, presenting a crucial level for bulls to defend if momentum fades.
A weekly close above the $80-$85 resistance zone, combined with a successful retest as support, would provide more compelling evidence that Solana is exiting its extended bearish phase and acquiring renewed upward momentum.
The recent analysis also notes that Solana has dropped approximately 80% from its record $296 high, drawing close to significant long-term trend support. Despite reaching a major head-and-shoulders pattern target, confirmation of a sustainable recovery will require technical improvements over the coming sessions.
Market Watcher underscores that reclaiming the $80-$85 range is central to changing Solana’s technical profile from corrective to constructive, with further downside to $60 or potentially $40-$50 possible if buyers fail to hold current levels.
Solana’s longer-term outlook is also shaped by ongoing on-chain activity, growing application revenues, increasing tokenized-equity initiatives, and plans for deflationary policy changes. These elements combine to strengthen bullish narratives for SOL, though price action around the $80-$85 area will likely determine the direction of the next major trend.
Mini dictionary: Head-and-shoulders pattern, a classic technical chart formation signaling potential reversal, often used by traders to determine downside or upside targets based on previous swing highs and lows.
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.
Versatility with speed and reliability that fits developers’ needs: this is one sentence that covers the attributes that a good Solana API should have. The bottom line is that a good API features elements that address Solana-specific technical challenges directly.
Account Model Complexity
Since every SPL token lives in its own Associated Token Account, the mapping is more complex. A good Solana API is able to properly manage this abstraction, ensuring that the account model complexity does not burden the builder with technical complexity.
Speed/throughput Demands
Considering Solana finalizes one block in roughly 400ms, handling over 80 million transactions daily, it is important that APIs keep up. If they don’t, data transaction rate drops, limiting builders’ capacity to develop the application.
Program-level Parsing
DeFi protocols on Solana, such as Raydium, Jupiter, Meteora, etc., use custom account layouts. The raw RPC responses that come from them are dense, and for many, incoherent. With a good API, the program calls are transformed into comprehensible structured JSON.
RPC vs. Data-Layer
Some APIs are capable of submitting transactions and streaming raw chain data. Other APIs can only read data. While many builders need both, there are some who require only one kind. A good Solana API could be any of the three.
NFT and Compressed State Support
With Solana’s NFT standard and newer state compression comes parsing complexity that non-Solana-native APIs cannot handle properly. A good Solana API, however, can.
AI-Agent Compatibility
This is a new requirement made prominent in 2026. The best Solana APIs are able to expose an MCP server so that agents like Claude or Cursor can query wallet or market data directly.
Review of the Best Solana APIs: Top 5 List
CoinStats Solana API: An All-In-One Data API
CoinStats Solana API is an all-in-one Solana data API, showing SPL balances, SOL, transactions, DeFi positions, and prices from one endpoint. How it works is simple. Once a user passes any Solana address, the API surfaces a JSON, which is fully priced in USD.
CoinStats API also addresses the biggest complexity of Solana, that stems from every SPL token sitting in its own Associated Token Account and DeFi protocols using custom account layouts. CoinStats addresses the issue by parsing upstream.
The platform auto-detects DeFi positions across 10,000+ protocols, which means it can detect the movement across staking, lending, liquidity, yield, etc., making it more versatile than a standard, Solana-only API.
Those who want to limit themselves to only Solana can find CoinStats API helpful since it covers over 120 blockchains. It has over 100,000 coins, and scrounges data from over 200 exchanges. The end user sees multiple details, including profit and loss, both realized and unrealized. With an MCP Server with 20 tools for AI agents, users can also leverage agents such as Claude and Cursor.
That said, CoinStats only offers a read-only layer. Not being an RPC node, it does not send any transactions or run any node. Those who want to send transactions should pair it with Helius or QuickNode.
The platform’s fee structure is unique. It boasts a free tier that gives 20,000 credits/month. Developers can use this tier for commercial purposes without needing to provide their credit card details.
To learn more about CoinStats’ API perks, users can check out this Solana API guide.
Broadest Solana data coverage in one schema
Auto-detects DeFi positions across 10,000+ protocols
Same key covers 120+ other blockchains
Generous free tier, no credit card
Not a low-latency RPC provider
Cannot submit or send transactions
High-volume apps need credit planning
Helius: API Fit For Solana-Native Developers
Helius’ addition to this best Solana API list is justified by the fact that it is a good fit for Solana-native developers. While it started as an RPC provider, the platform now acts as a complete Solana infrastructure platform, featuring everything from RPC, APIs, and webhooks to streaming and transaction landing.
Helius’ suite of core products includes a Digital Asset Standard API for NFT/token metadata and compressed NFTs. It features enhanced transactions with over 100 decoders for parsed activity.
The webhooks of the platform can watch up to 100,000 addresses per hook. For real-time data streaming, it features LaserStream, and for reliable transactions during congestion, it features staked connections.
Helius also operates Solana’s largest validator that has secured over $2.5 billion in value.
When it comes to Helius’ price structure, builders do get a large free tier with 1M credits per month that features 10 requests/sec. Higher tiers increase the number of requests per second.
At the largest tier, users get 200 million credits. It is $999 a month, and users also get access to customer support through Telegram.
Given the price structure and the Solana-native nature, Helius is only suitable for teams working exclusively on Solana. Due to no multi-chain support, teams who want to branch out would need a secondary provider.
Complete Solana infrastructure, not just RPC
Handles NFTs via Digital Asset Standard
Webhooks track up to 100,000 addresses
Operates Solana's largest, most secured validator
Solana-only, no multi-chain support offered
Higher tiers get expensive at scale
Shreds add-on $800 to 1,000 extra cost
QuickNode: Solana API Fit for Multi-Chain builders
QuickNode is popularly referred to as a multi-chain generalist API. One of the oldest RPC vendors, QuickNode supports Solana, alongside 65 other chains.
What makes QuickNode different is that despite being multi-chain, it does offer tools specific to Solana, such as DAS APIs, priority fee estimation, and QuickAlerts webhook notifications. Solana Kit plugin support is also available with QuickNode.
With the addition of NFT data, token price feeds, MEV protection, and transaction simulation, QuickNode stands out even more. It also lets users integrate with Jupiter API without needing any middleware.
The platform’s pricing structure is also similar to the above two Solana APIs. There is a free tier, valid for a trial period of one month, which gives builders 10 million credits. With the largest tier only costing $499 a month, Quicknode could be considered one of the more affordable options available.
Being a multi-chain API, QuickNode is suitable for teams seeking vendors that can deliver one bill across multiple networks. There is a trade-off though. Since the platform is not Solana-exclusive, the costs can rise up when more features are stacked to pre-made plans.
The free trial account also leaves much to be desired, as builders will only have access to community support, and the requests allowed per second are fewer.
Multi-chain generalist covering 65+ blockchains
Add-ons skip custom middleware entirely
One vendor, one bill, many chains
Jupiter Swap API integration built-in
Free tier is a one-month trial
Less Solana-specific depth than Helius
Add-on costs rise quickly at scale
Shyft: Solana API Built Around Indexing
What makes Shyft different is the fact that it is built around indexing, and not raw RPC. Its flagship feature is a GraphQL API, which is accessible via its SuperIndexer. This API can map any Anchor IDL to a queryable database schema.
That gives the indexer a more precise approach, as the queries don’t waste data pulling more information than needed.
Shyft shows its biggest strengths on two fronts. One is NFTs, for which the API delivers all the info, such as metadata, collections, mint history, transfers, and royalties, through one endpoint. And the other one is transaction parsing, which decodes program calls for major Solana DEXs and launchpads, and then structures them into a JSON file.
The platform also offers multiple infra products, such as staked RPCs across 7 global regions. It also offers Yellowstone gRPC streaming and RabbitStream.
Shyft’s pricing model also stands out. It does not have a credit metering system. At the free tier, users get access to “unlimited credits” at 10 requests per second.
Paid members get a “Build” tier. Costing $199/month, it gives builders access to gRPC and higher throughput.
The pricing model and the multi-chain, index-based approach make it fit for developers of NFT-heavy dApps. Builders developing applications that need decoded DEX/launchpad transaction data without building custom parsers would also prefer what Shyft has to offer.
The biggest trade-off of the platform is that it returns raw and parsed chain data. As priced portfolios are not visible through this API, most developers attach Shyft to data APIs like CoinStats API to get a view of the USD pricing.
GraphQL indexing maps any Anchor IDL
Deep NFT metadata, mints, and royalties
Decodes DEX and launchpad transactions automatically
No credit metering, unlimited free requests
Returns raw data, not priced portfolios
Needs pairing with a pricing API
Paid tier starts steep at $199
Birdeye: Trading Data Specialist for Solana
“Market-data and trading-data specialist for Solana” are the words that best describe Birdeye. This leading Solana API offers real-time prices, charts, trade, and DEX liquidity, and does not act as a wallet or show portfolio data of the user.
On the official website, Birdeye claims to be the leading crypto trading data provider on Solana, with over 4,000+ enterprise data clients under its belt. The core data this API makes visible includes real-time token price with liquidity context, historical OHLCV, holder analytics, pool/token TVL charting, and new-token/launch tracking.
While Birdeye used to be Solana-exclusive, it has now branched out. Through its Data API, it now also covers other chains like Sui and Ethereum. Major EVM chains are also covered.
In terms of pricing, Birdeye does not feature a credit system. What it instead has is CU, or Compute Unit. At the lowest level, free tier, users get 30,000 CUs and a 1 request per second rate limit. At the highest tier, which costs $2,050 a month, users get 500 million CUs at 150 requests per second.
While Birdeye markets itself as a trading-data specialist, it does not resolve per-wallet DeFi positions, or provide an explorer-style wallet API. Its free tier is also more restrictive, offering only 1 request per minute as compared to the other Solana APIs on the list, which offer equal to or more than 10 requests per minute.
Real-time prices, charts, and DEX liquidity
Trusted by 4,000+ enterprise data clients
Deep OHLCV, holder, and TVL analytics
Now covers 20+ chains beyond Solana
No wallet or portfolio data shown
Doesn't resolve per-wallet DeFi positions
Most restrictive free tier of group
How Did We Pick the Best Solana APIs
When selecting the Solana API for the list, we focused on three factors: the depth of Solana-native data available, the DeFi and market coverage, and price transparency.
Solana-Native Data Depth
Our analysts explored whether the API is capable of handling SPL token complexity, ATAs, and program-level parsing from the very start. We left out Solana APIs that leave developers to handle the heavy lifting.
DeFi And Market Coverage
The second ranking factor was whether the Solana API resolves per-wallet DeFi positions or gives access to real-time token pricing. CoinStats API, for instance, gained the top spot for its auto-detection of DeFi positions. At last we ranked Birdeye, which shows token prices in real time. We excluded those that only provided raw balances to users.
Pricing Transparency
Pricing transparency was the last factor we focused on. We also assessed whether the platform offered a free tier, and even then, how many credits were made available. We also assessed the pricing structure for each, before assessing their fairness.
Final Verdict: Which One to Pick as the Best Solana API of 2026
For overall performance, CoinStats gets our top pick. It is best for DeFi-aware builders who are looking for multi-chain reach. Those who prefer Solana exclusivity could find Helius to be a better option thanks to its deep infrastructure. QuickNode is picked for the comfortable system it gives for multi-chain teams. And Shyft’s addition to the best Solana API list is justified thanks to its features that align with NFT-first builders. Those looking for trade-based APIs would find Birdeye a better option.
Each platform serves builders of a particular niche. However, CoinStats can serve most, for its read-only capability is what most crypto apps need.
Solana is preparing for one of the biggest changes to its consensus architecture. The upcoming Alpenglow upgrade targets a dramatic reduction in transaction finality from roughly 12.8 seconds to about 150 milliseconds.
The upgrade will make reaching cryptographic finality (the point at which the network has reached sufficient consensus) dramatically faster.
The change could arrive as soon as September, and Solana's finality is on track to fall from 12.8 seconds to 150 milliseconds and make transactions "feel almost instant."
HOT Stories
Solana's official documentation, however, currently places the Alpenglow rollout in the third quarter of 2026. A recent Solana Foundation update says the upgrade is expected to activate through Agave 4.3, which is targeted for October. The exact September date therefore should not be treated as confirmed.
Finality is not the same as confirmationThe distinction is crucial to understanding why a 150ms finality target matters.
When a Solana transaction is submitted, users can already receive confirmation very quickly. Solana's current slot time has also been reduced as part of a separate upgrade, with the network moving from 400ms slots toward 200ms slots. A transaction therefore does not normally leave a user staring at a screen for 12.8 seconds before seeing an indication that it succeeded.
A transaction can be included in a block and viewed as confirmed while the network has not yet reached its strongest level of consensus about that block. In an extreme situation, the chain could reorganize and an earlier state could be rolled back. Finality is the mechanism that gives applications stronger certainty that the state they are observing will not subsequently be reversed.
Under Solana's current TowerBFT consensus, that stronger finality can take roughly 12.8 seconds. Alpenglow's goal is to compress that process into roughly 150 milliseconds.
Responding to the discussion about faster finality, Solana co-founder Anatoly Yakovenko has argued that finality is "really only important at the cash register."
Imagine buying a product with cryptocurrency. A merchant may be willing to accept a transaction after a fast confirmation, but for larger-value payments it may want much stronger assurance that the payment cannot disappear from the canonical chain.
However, for an ordinary Solana user, the change may not feel as dramatic as the raw numbers indicate.
Bitwise Asset Management has partnered with Superstate to develop a system that could let investors hold shares of certain Bitwise funds as blockchain-based tokens, with its Solana staking ETF expected to be the first product considered for the structure.
Summary
Bitwise has partnered with Superstate to develop blockchain based ownership records for shares of certain funds.
The Bitwise Solana Staking ETF is expected to be the first fund considered for tokenization, although its launch is not guaranteed.
Investors could choose between traditional book entry shares and tokenized shares while retaining the same shareholder rights.
The partnership follows Bitwise cutting 14% of its staff, reducing its global headcount to about 155.
Bitwise said Thursday that the planned framework would change how ownership of fund shares is recorded without changing the rights attached to the shares or the channels investors use to purchase them.
Under the proposed setup, shareholders could choose between holding their shares through the Depository Trust Company in traditional book-entry form or having their ownership recorded on a blockchain using Superstate’s transfer agency infrastructure.
“Shareholders could then elect to hold those shares either in traditional book-entry form through The Depository Trust Company or in tokenized form recorded on a blockchain and maintained through Superstate’s transfer agency infrastructure,” Bitwise said.
The asset manager, which oversees more than $9 billion in client assets across more than 70 investment products, cautioned that the tokenization capability is still being developed and its planned use with individual funds is not guaranteed.
Bitwise fund tokenization would preserve shareholder rights
Rather than creating a separate investment product tied to an existing fund, the planned Bitwise structure would provide another method for recording ownership of the same shares.
According to the company, investors choosing the blockchain option would retain the same shareholder rights as investors whose holdings remain in conventional book-entry form.
Tokenized shares, however, would not be freely transferable outside the blockchain-based system supporting them. Bitwise did not provide a launch date for the service or identify all of the funds that could eventually support tokenized ownership.
Superstate would provide the transfer agency infrastructure needed to maintain the blockchain-based ownership records. The fintech company works with issuers and asset managers on compliant securities issuance, recordkeeping and onchain market infrastructure.
Its role in the Bitwise project follows other fund tokenization work involving traditional and crypto-focused asset managers. In June, Superstate was selected to provide blockchain support for Invesco’s proposed Stablecoin Reserves Onchain Fund and maintain its blockchain-integrated shareholder registry.
Invesco’s filing described a structure connecting conventional fund records with onchain ownership tokens, while the portfolio itself was designed as a Rule 2a-7 government money market fund investing in cash, repurchase agreements and short-term U.S. Treasury securities.
The arrangement also built on an existing relationship between the two companies after Invesco took over day-to-day portfolio management of Superstate’s tokenized U.S. Treasury fund earlier in 2026. Superstate continued providing the product’s tokenization services through its FundOS platform.
Solana staking ETF is first in line for tokenization
Bitwise expects the Bitwise Solana Staking ETF, or BSOL, to be the first fund to use the proposed system, although the company said there is “no assurance” that tokenization of the product will ultimately launch.
BSOL began trading on NYSE Arca in October 2025 after the exchange completed the listing process for the fund. The ETF provides direct exposure to Solana while incorporating staking rewards generated from the SOL held by the product. Its market debut brought $69.45 million in first-day net inflows and lifted total assets to $288.92 million.
The fund is backed by SOL held in institutional cold storage and tracks the Compass Solana Total Return Monthly Index after fees and expenses. Bitwise set its management fee at 0.20% when the product launched.
By mid-May 2026, BSOL had accumulated about $861 million in assets and represented roughly 81% of the assets held across the Solana ETF products tracked at the time. The fund had crossed $500 million in assets within its first 18 days of trading.
Bitwise has continued adding staking to other proposed crypto investment products. In July, the asset manager amended its planned NEAR ETF to include staking and named NYSE Arca, BNY Mellon and Coinbase Custody in the filing.
Superstate has built out its onchain transfer agency business
Superstate’s work with Bitwise also extends its role as a transfer agent for securities represented directly on public blockchains.
The company registered Superstate Services LLC as a transfer agent with the U.S. Securities and Exchange Commission in March 2025, allowing its infrastructure to maintain ownership records for tokenized securities.
At the time, crypto.news reported that Superstate initially planned to use the service for its own USTB and USCC funds before making the infrastructure available to other securities issuers.
Superstate later expanded the model from funds to public equities. Its Opening Bell platform was introduced in May 2025 to allow SEC-registered shares to be issued and traded on public blockchains, initially using Solana. Unlike synthetic products that track the price of a stock, the platform was designed to work with issuer-authorized shares carrying ownership rights.
Galaxy Digital subsequently used the infrastructure to put its Nasdaq-listed shares onchain in September 2025. Superstate served as the registered transfer agent, updating Galaxy’s shareholder records when tokenized shares moved between verified wallets. The Galaxy structure treated the tokens as direct legal representations of the company’s shares rather than wrappers or synthetic instruments.
Superstate has also worked with fund managers on blockchain-native investment products. Coinbase Asset Management introduced its CUSHY digital credit fund in April using Superstate’s FundOS infrastructure, with tokenized shares designed for qualified institutional investors across Ethereum, Solana and Base.
Bitwise partnership follows recent staff cuts
The tokenization project was announced days after Bitwise confirmed a reduction in its workforce.
Earlier this week, the asset manager said it had cut 14% of its employees, leaving its global headcount at about 155 people.
Chief executive Hunter Horsley told The Block that the reductions were intended to better equip the company for its ongoing growth.
Bitwise has continued operating a large range of crypto investment products while expanding its ETF lineup. Alongside BSOL, the firm has filed for or launched funds covering several digital assets, with previous proposals including products tied to XRP, Sui, Aave, Zcash and Tron.
A filing earlier in 2026 also proposed 11 hybrid-structure ETFs covering assets including Aave, Zcash and Tron, with Coinbase Custody Trust Company named as custodian. At the time, the proposed funds had not yet received final ticker symbols.
SOL currently trades around $75.94 following a confirmed falling wedge pattern breakout
Bulls must overcome the critical $80–$85 resistance zone to maintain upward momentum
Recent Solana ETF data shows $8.8 million in net inflows, signaling institutional confidence
Major whales on Bitfinex have reduced short positions, decreasing downward pressure
Industry veteran Mike Dudas highlights Solana’s position as a versatile “everything chain”
Solana (SOL) has climbed to approximately $75.94 following a confirmed breakout from a falling wedge formation that developed across multiple weeks. This technical movement has lifted the price above the crucial $74–$75 range, establishing it as near-term support.
Solana (SOL) Price
A falling wedge typically indicates a possible trend reversal following a downtrend phase. SOL experienced multiple rejections from elevated price points earlier this year before consolidating into this chart pattern.
$SOL is currently the best looking large cap alt out there
Reminds me of 2023 when SOL pumped before every major cap and started a 100x memeseason
Imagine if this happens again pic.twitter.com/15rKxFAoQ5
— Sweep (@0xSweep) August 11, 2026
Market analyst Sweep has identified the $80–$85 corridor as the initial major challenge for bullish traders. Breaking above $80 with a confirmed daily close would create pathways toward $85, followed by $90, and ultimately the psychologically significant $97–$100 territory.
Current data from Brave New Coin indicates SOL has gained 0.40% during the previous 24-hour period.
Institutional Money Flows Into Solana ETF
Market participant Symba highlighted that Solana’s spot exchange-traded fund attracted approximately $8.8 million in capital inflows, representing one of the most substantial accumulation phases seen in recent months. According to Symba, this activity demonstrates increasing institutional appetite for SOL at present valuation levels.
However, positive inflows by themselves don’t necessarily confirm a trend reversal. SOL must successfully breach critical thresholds, especially the $90–$100 range, before any sustained uptrend can be validated.
Blockchain analytics indicate that on-chain engagement and developer ecosystem growth remain robust throughout the Solana network, which market observers cite as ongoing fundamental support.
Large Holders Reduce Bearish Bets
Information presented by analyst Max Crypto reveals that major players on Bitfinex have been unwinding their SOL short positions. This development suggests bearish positioning has begun exiting the marketplace.
While closing short positions doesn’t automatically trigger price appreciation, it does eliminate selling pressure that previously constrained SOL throughout its recent downturn.
Should spot buying interest continue strengthening while short coverage persists, Solana may establish the momentum necessary to challenge upper resistance zones.
Mike Dudas, who co-founded crypto investment firm 6th Man Ventures and served as an early supporter of Pump.fun, characterized Solana as the “everything chain” during his appearance on a recent Decrypt podcast. He emphasized its minimal transaction costs, substantial liquidity pools, and continuous operational availability as critical enablers for consumer-focused cryptocurrency applications.
Dudas additionally expressed endorsement for SGP-0003, a governance proposal designed to expedite reductions in new SOL token emissions while expanding the quantity of SOL removed from circulation through transaction fee burns.
Critical support zones include: $75, $72, $70, $66, and the $60–$64 range. Major resistance barriers: $80, $85, $90, and the $97–$100 zone.
SOL’s most recent trading price stands at $75.94, reflecting a 0.40% increase across the past day.
Solana is preparing to replace TowerBFT with Alpenglow, a new consensus design that targets roughly 150 millisecond finality, down from about 12.8 seconds today.
Summary
Solana’s Alpenglow upgrade targets roughly 150 millisecond finality, down from about 12.8 seconds under TowerBFT.
Solana Foundation now targets Alpenglow activation through Agave 4.3 in October, not a September date.
Agave 4.2 already contains Alpenglow code, allowing testing before the consensus switch reaches mainnet deployment.
Anza opened a security competition offering up to 50,000 SOL before Alpenglow’s planned mainnet activation.
Validators approved SIMD-0326 with 98.27% support in September 2025, authorizing development of the consensus overhaul.
The latest official roadmap, however, does not confirm a September activation. Solana Foundation says Alpenglow is expected to activate with Agave 4.3, which is targeted for October 2026.
The distinction matters because an Aug. 14 discussion around Solana co-founder Anatoly Yakovenko’s comments revived claims that the upgrade could arrive as soon as September. Yakovenko said finality is “really only important at the cash register,” referring to situations where users or merchants need stronger certainty that a transaction cannot be reversed. His post did not announce a mainnet date.
Finality is really only important at the cash register. Market makers don’t wait for the finality signal before updating their prices. They assume all txs will finalize and deal with rollback when it happens, which is basically never. https://t.co/ybaPrZ7YqQ
— toly 🇺🇸 (@toly) August 13, 2026
Solana Alpenglow now points to October, not September
Solana Foundation’s Agave 4.2 overview says the full Alpenglow code is already included in 4.2 for testing and hardening. It states clearly that Alpenglow will not activate on mainnet in Agave 4.2 and is instead expected in Agave 4.3, “targeted for October 2026.”
Anza released Agave 4.2.0 as a stable version suitable for mainnet beta on Aug. 7. A 4.2.1 pre-release followed on Aug. 13. Agave 4.3 remains in alpha testing, with version 4.3.0-alpha.3 released Aug. 5 and explicitly marked as unsuitable for production use. The current releases therefore do not support an exact September activation date.
Moreover, Alpenglow’s main target is finality, not simply the first indication that a transaction landed. Solana users can already see transactions confirmed well before the current 12.8-second TowerBFT finality window closes. Finality provides stronger cryptographic certainty that the accepted chain state will not later be reorganized.
For exchanges, payments and other high-value settlement applications, shorter finality could reduce how long operators wait before treating funds as economically irreversible. It does not mean every user experience will become roughly 85 times faster because wallets and applications already surface earlier confirmation states.
Solana is separately preparing to reduce slot times from 400 milliseconds to 200 milliseconds through Agave 4.2. Those changes are expected to begin during the week of Aug. 17 and roll out in four 50 millisecond steps if network conditions remain acceptable. The slot-time upgrade is separate from the Alpenglow consensus switch.
Solana is hardening Alpenglow before mainnet
Alpenglow replaces TowerBFT with Votor and removes onchain vote transactions. Validators will exchange votes directly, while BLS signatures allow thousands of validator votes to be aggregated into compact certificates. Solana Foundation says Votor is designed to tolerate 20% adversarial stake alongside another 20% of stake being offline.
Under the current system, voting itself uses onchain transactions. After the full migration, admitted validators are expected to pay a 1.6 SOL Validator Admission Ticket each epoch instead. BLS public key registration is already active on mainnet and is a prerequisite for the new voting system.
Validators had already approved the upgrade when the Alpenglow governance vote passed with 98.27% support in September 2025, as crypto.news reported. About 52% of stake participated. The upgrade later entered live community validator testing in May 2026, as previously reported.
Security work is also continuing. Anza opened an Alpenglow bug bounty competition offering rewards totaling up to 50,000 SOL. The portal lists a submission window running from Aug. 5 through Aug. 19, with the program aimed at finding unresolved issues before broader deployment.
What happens next for Solana
The next near-term milestone is Agave 4.2 feature activation beginning the week of Aug. 17, including the staged reduction toward 200 millisecond slots. Validators also need registered BLS public keys as the network prepares for Alpenglow.
The larger milestone remains Agave 4.3. Solana Foundation currently targets that release for October, but it has not published an exact Alpenglow activation date or block height. Until an official schedule changes, September should be treated as unconfirmed. A successful rollout would target finality near 150 milliseconds, but deployment still depends on testing, security review and validator readiness.
14 August 2026 | 11:04 Bitwise is exploring a tokenized version of its Solana staking ETF, but the first version would look very different from the freely transferable assets normally associated with public blockchains.
Key Takeaways Bitwise wants to register BSOL shares onchain. The ETF itself would remain unchanged. Initial blockchain transfers would stay restricted. Broader utility depends on later integrations. The company is working with Superstate to let eligible investors hold shares of the Bitwise Solana Staking ETF (BSOL) through blockchain-based records. Those shares would carry the same rights as conventional BSOL shares, while the fund would continue holding and staking SOL exactly as it does today.
The main constraint is already clear: tokenized BSOL shares would not initially be freely transferable outside Superstate’s recordkeeping system. Investors would not be getting a BSOL token they could immediately send anywhere, trade permissionlessly or deposit across DeFi.
Bitwise is starting with the ownership record rather than trying to rebuild the ETF’s trading market around a blockchain.
How Tokenized BSOL Would Actually Work Traditional ETF ownership is recorded through the securities infrastructure connecting brokers, custodians, transfer agents and clearing systems. Superstate would add a blockchain-based route to that process.
As an SEC-registered transfer agent, Superstate can maintain the official shareholder register while linking an eligible investor’s position to a supported blockchain address through its FundOS infrastructure. The blockchain entry would represent ownership of an actual BSOL share rather than a separate token designed merely to track the ETF’s price.
Investors choosing this route would still own the same regulated security as investors holding BSOL through conventional book-entry records. The economic exposure, shareholder rights and assets inside the fund would remain unchanged.
That separates Bitwise’s proposal from synthetic tokenized securities built as separate instruments around an underlying stock or fund.
How BSOL Tokenized Shares Work
Step 1
Fund Structure
BSOL holds and stakes SOL unchanged.
Step 2
Superstate
Maintains official registry via FundOS infrastructure.
Step 3
Blockchain Link
Links shareholder position to a supported wallet address.
Step 4
Transfer Limits
Shares are restricted and not freely tradeable across DeFi.
The Immediate Benefit Is Fairly Limited For an investor already comfortable buying BSOL through a brokerage, blockchain registration alone does not improve the investment. It does not increase staking returns, change Solana exposure or make the ETF cheaper to own.
The appeal is stronger for institutions or investors that want a regulated fund wrapper but also use blockchain-based custody and settlement infrastructure.
An institution may be unable or unwilling to hold SOL directly because of custody, accounting or compliance requirements. Holding an ETF solves that problem. Recording the share onchain could eventually make the same regulated position easier to use alongside stablecoins, digital collateral systems or other compliant blockchain services.
Those additional uses are not part of the current BSOL proposal. Bitwise is first establishing a regulated way for the share itself to exist onchain.
Why the Shares Cannot Simply Move Anywhere BSOL remains a security regardless of where its ownership record sits.
Superstate must still maintain an accurate shareholder register, verify eligible holders and enforce the restrictions attached to the security. Opening the token immediately to unrestricted wallet transfers would make those obligations much harder to control.
Bitwise is therefore taking a narrower route than the broader tokenized-securities models currently being debated in Washington. The SEC has separately been examining how tokenized U.S. securities might trade through crypto-native platforms, where questions around exchanges, secondary-market liquidity and execution rules become central.
BSOL does not go that far. Bitwise is keeping trading inside the existing ETF framework and experimenting only with how shareholder ownership can be recorded. That avoids many of the market-structure questions attached to launching a separate onchain venue for the fund.
Running Two Ownership Systems Also Adds Work Tokenization is often presented as a way to simplify financial infrastructure, but supporting conventional and blockchain-based ownership at the same time can initially add another operational layer.
The same ETF needs one accurate shareholder record across brokerage accounts and approved blockchain addresses. Bitwise and Superstate also need procedures for wallet verification, supported networks, transfers between the two systems and recovery when an investor loses access to a wallet.
Superstate’s transfer-agent infrastructure is designed to keep those records synchronized, but blockchain does not remove the administrative work behind a regulated fund.
Any later expansion into wider onchain trading or third-party financial applications would introduce additional securities-law and market-structure requirements beyond the controlled model Bitwise is exploring now.
Why BSOL Makes Sense as the First Test A Solana staking ETF gives Bitwise a relatively natural audience for the experiment.
BSOL already serves investors who want exposure to a blockchain-native asset without directly holding SOL. Some of them are likely choosing the ETF precisely because they need regulated custody, conventional accounting or an investment vehicle that fits existing institutional rules.
Blockchain-based registration could appeal to the subset that wants those protections without keeping every part of the position inside traditional financial infrastructure.
Starting with BSOL also gives Bitwise a useful demand test before extending the model to funds whose investors may have much less interest in wallets or onchain settlement.
Tokenized Funds Still Need More Than Growth Statistics The wider market is expanding quickly. Tokenized ETFs had reached roughly $442 million across 651 products by May, after growing sharply from a small base.
For Bitwise, the relevant question is less about the industry’s percentage growth and more about whether investors actually prefer the blockchain form when an identical conventional share remains available.
That preference will be measurable once the product exists. Uptake would show that some investors value onchain registration even before broader functionality arrives. Weak demand would suggest that recordkeeping alone is not enough to pull ETF ownership away from brokerage infrastructure.
Bitwise has not announced a launch date, and other ETFs may follow depending on how the BSOL project develops.
The useful milestone will not be the first tokenized share appearing on a blockchain. It will be whether investors choose to hold BSOL that way, and whether Bitwise eventually gives that form of ownership capabilities that justify leaving the traditional recordkeeping system in the first place.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
TLDRSolana Alpenglow Upgrade Targets 150ms FinalityFaster Finality Differs from Faster ConfirmationGet 3 Free Stock Ebooks Solana’s Alpenglow upgrade targets cutting finality from about 12.8 seconds to roughly 150 milliseconds. The upgrade aims to give applications and merchants much faster certainty that completed transactions cannot be reversed. Solana users already receive fast transaction confirmations, so the biggest change will be stronger network finality rather than basic transaction speed. The exact activation date remains unclear, with official guidance pointing to Q3 2026 while Agave 4.3 is targeted for October. Solana is also moving toward 200-millisecond slots through a separate network upgrade. Solana is preparing to change how quickly its network reaches final consensus. The Solana Alpenglow upgrade aims to cut transaction finality from about 12.8 seconds to roughly 150 milliseconds.
The change targets the point when validators reach strong agreement that a transaction cannot be reversed. Solana already confirms many transactions quickly, so the upgrade mainly changes how fast the network reaches its strongest level of certainty. This distinction matters because confirmation and finality describe different stages of the transaction as validators process network activity.
Solana Alpenglow Upgrade Targets 150ms Finality Solana currently uses TowerBFT, which can take about 12.8 seconds to reach stronger finality. Alpenglow is designed to reduce that period to around 150 milliseconds.
Finality is really only important at the cash register. Market makers don’t wait for the finality signal before updating their prices. They assume all txs will finalize and deal with rollback when it happens, which is basically never. https://t.co/ybaPrZ7YqQ
— toly 🇺🇸 (@toly) August 13, 2026
That target would shorten the gap between a fast transaction confirmation and full network certainty. Applications handling payments or large transfers could receive stronger confirmation much sooner under the new system.
Some reports have pointed to September as a possible launch window. Solana’s official material, however, places the Alpenglow rollout in the third quarter of 2026.
A recent Solana Foundation update says activation is expected through Agave 4.3, which targets October. That means a specific September activation date has not been confirmed and could still change.
Faster Finality Differs from Faster Confirmation Solana users can already see transactions confirmed before the network reaches full finality. The network is also moving from 400-millisecond slots toward 200-millisecond slots through a separate upgrade.
That means users may not notice a dramatic change during routine transfers. The Solana Alpenglow upgrade instead reduces the time needed to reach stronger consensus after a transaction enters the chain.
Solana co-founder Anatoly Yakovenko has said finality is “really only important at the cash register.” His comment points to payment settings where merchants may want stronger assurance before completing a sale.
A merchant could accept a quick confirmation for a small purchase. Larger payments may require stronger certainty that the transaction will remain on the canonical chain. Alpenglow aims to provide that certainty much faster.
Bitwise Asset Management and Superstate announced a partnership to explore tokenized shares for selected Bitwise funds.
Under the proposed model, tokenization would only change how fund ownership was recorded. Investors would purchase the same shares through existing channels. They would also retain the same legal and economic rights.
Afterward, shareholders could choose between two ownership records.
The first would use traditional book-entry form through the Depository Trust Company [DTC]. The second would record ownership on a blockchain through Superstate’s transfer-agency infrastructure.
Is this a good game for Solana staking ETFs?
This is a good step for the Solana [SOL] staking ETF, as tokenized shares would not turn into freely traded cryptocurrency tokens. Rather, they would serve as a blockchain representation of conventional ETF ownership, with investors maintaining their current ownership and rights.
Instead of being able to be transferred to other wallets or traded on decentralized exchanges, the shares would stay in Superstate’s transfer-agency system. Subject to regulatory approval, Bitwise may use BSOL as its initial test case. If the model is successful, it may be extended to other ETFs.
Multicoin shuts the door to the $1.65 billion Solana treasury
Meanwhile, despite having assisted in the establishment of Forward Industries’ $1.65 billion Solana treasury plan in 2025, Multicoin Capital has now fully withdrawn its disclosed investment in the company.
Yet, the departure does not imply that Forward is leaving Solana. This is because about 7.81 million SOL equivalents were held by the 3rd of August, as Forward continued to accumulate SOL.
This occurs as the price of SOL was up 3.64% over the previous week, trading at $75.57 at press time. However, in the past year, the price has declined by 57% as previously reported by AMBCrypto. Meanwhile, the Solana ETF space has been recording monthly inflows in 2026, except for June, which saw outflows worth $786.58K.
Source: SoSo Value
Final Summary
With BSOL as their first target, Bitwise and Superstate are investigating tokenized ETF shares.
Forward’s Solana treasury is still growing, reaching roughly 7.81 million SOL equivalents.
Traffic Cone Obsession Fuels a Memecoin SurgeA Solana memecoin tied to a baby polar bear has become one of the more unlikely crypto stories of the week. The token, known as MOMOTA, has surged 1,400% over the past seven days and added another 22% in the 24 hours to August 14, according to data cited by @BSCNews.
The inspiration is straightforward. The footage spread rapidly across social media platforms, drawing a following well beyond the aquarium's usual visitors.
Trading Volume Jumps as Community Builds Around Real Cultural MomentThe market numbers reflect the attention. MOMOTA recorded $5.88 million in 24-hour trading volume, a 314% jump, while its market cap stood near $2.87 million at the time of writing, according to CoinGecko.
What separates MOMOTA from many short-lived meme tokens is its anchor in a verifiable, real-world cultural event. Community members have been framing the project around Momota's genuine viral fame rather than generic meme branding, an approach that appears to be resonating with traders seeking narrative-driven momentum plays.
As with all meme-driven tokens, volatility cuts both ways. Traders should note that prices in this category can reverse as quickly as they rise, and gains of this magnitude rarely hold without sustained community interest and new catalysts.
Sources
AsiaOne: Polar Bear Cub Momota Wins Hearts With Traffic Cone Antics
CoinGecko: Top Solana Meme Coins by Market Cap
TLDR Solana is trading near $75.88 as it defends a key support zone on the chart. Analysts say Solana could reach $80 if it breaks through nearby resistance. Bullish has launched tokenized stock trading on the Solana network. The exchange completed its first tokenized equity trades on a regulated platform. Tokenized shares will settle using US dollar stablecoins instead of traditional systems. Solana is holding a bullish chart pattern this week as buyers work to defend a key support level. At the same time, the crypto exchange Bullish has started tokenized stock trading on the Solana network.
The two developments are adding attention to Solana this week. One is about price movement, and the other is about how the network is being used for real world assets.
As of this writing, Solana is trading at $75.88. The token has a 24 hour trading volume of $1.08 billion and a market cap of $44.21 billion.
Solana Price on CoinGecko Solana Price Structure Stays Bullish According to crypto analyst BATMAN, Solana is defending what is known as a bullish fair value gap. This is a price zone on the chart that formed over a 12 hour period.
That zone had previously acted as resistance before buyers pushed the price back above it. Traders call this a resistance to support flip, and it is often seen as a sign of strength.
As long as Solana holds this support zone, the current bullish setup should stay in place. This could set the stage for another move higher.
If Solana breaks above nearby resistance, more buyers could enter the market. That kind of move may speed up the climb toward the $80 level.
If the token loses this support zone instead, the bullish setup could weaken. The broader crypto market is still cautious, so a breakout is not guaranteed to hold.
Bullish Brings Tokenized Stocks To Solana Separately, Solana data shows that Bullish completed its first tokenized equity trades on a regulated digital asset exchange. This marks a step toward bringing traditional stocks onto blockchain networks.
BREAKING: Bullish executed the first tokenized equity trades on a regulated digital asset exchange, with shares tokenized on Solana.
Bullish (@Bullish) tokenized its own stock (BLSH) on Solana, and today those tokenized shares started trading with near-instant settlement, 24/7,… pic.twitter.com/v1RoJoEABT
— Solana (@solana) August 13, 2026
Bullish tokenized its own stock, which trades under the ticker BLSH, and began trading it on chain. The shares are settled using US dollar stablecoins rather than the usual bank based settlement process.
This setup could allow trades to settle faster since they run on blockchain rails. It may also let investors trade the stock outside of normal market hours, since blockchain networks run continuously.
Bullish operates around the clock, so tokenized shares could see less delay during the settlement process. This could also open up access to the stock beyond standard trading hours.
Together, the price action and the tokenized stock launch are pointing to more activity on the Solana network. The next moves will depend on whether buyers can hold support and whether the tokenized stock model gains more use.
For now, Solana remains focused on defending its support zone while the tokenized stock trial continues to run on its network.
