The Solana Foundation wants PhD students to spend less time theorizing about blockchains and more time working on one.
The Zug, Switzerland-based non-profit has launched Solana Scholars, a program offering funded internships to doctoral students who research blockchain topics side by side with engineers.
What Solana Scholars actually offers The core idea is simple. PhD students get paid internships, and in exchange they tackle blockchain research problems while working directly with engineers.
The program was announced on September 30, 2026. It sits within the Foundation’s broader stated mission of fostering decentralization, strengthening ecosystem security, and driving adoption of the Solana blockchain.
Scalability, security, and censorship resistance are the likely beneficiaries, according to the research summary on the program.
A pattern of academic outreach Solana Scholars is not the Foundation’s first attempt to court universities.
The Breakpoint Global Fellows scholarship dates back to 2021. The University Ambassador Program followed a similar logic, with applications typically opening in August.
The Foundation has also been busy on the developer side in 2026. It introduced the Solana Developer Platform in March and launched the STRIDE program in April.
What this means for Solana and its ecosystem There was no immediate market reaction reported after the announcement.
According to the research summary, a stronger technical talent pipeline could support meaningful network improvements over time. The same summary suggests that could eventually support the value of the SOL token, though that outcome is far from guaranteed.
No specific details regarding participation numbers, stipend amounts, or application timelines were disclosed at the time of the announcement.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Solana’s validators take turns producing blocks, and right now the order of those turns has nothing to do with where anyone actually lives.
Anza’s research team wants to shrink that toll. Its proposal, SIMD-0675, would line up validators that sit close to each other so they produce blocks back to back. In a simulation built on real mainnet data, the change cut block production handover delays by 53%.
What Anza is proposing The work comes from Anza researchers Quentin Kniep and Roger Wattenhofer. They authored two Solana Improvement Documents, known as SIMDs, which are the formal channel for suggesting protocol changes.
The two documents are SIMD-0674 and SIMD-0675. Both were opened on approximately 29 September 2026.
Together, they describe a system where validators register their geographic location on-chain. The network then uses those locations to build what the authors call a geo-aware leader schedule.
Every handover involves some waiting. The incoming leader needs the previous leader’s work before it can build on top of it, and distance stretches that wait.
The current schedule is random with respect to geography. The proposed one groups validators into geographic bins and runs them consecutively, so the baton mostly passes between neighbors instead of across the planet.
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The design caps each bin at a maximum of 3 consecutive leaders. A full run through a region lasts approximately 2.4 seconds before the schedule moves on.
The numbers behind the pitch The researchers tested the idea against mainnet data from epoch 1038, which involved 661 validators.
Under the existing random scheduling, mean leader handover latency came in at 36.2 milliseconds. Under the geo-aware model, it dropped to 17.0 milliseconds.
That is the 53% improvement.
One detail matters a lot for validators worried about their revenue. According to the proposals, stake weights and slot allocations stay exactly the same.
Every validator keeps its original share of slots. The proposal only reshuffles when those slots occur, not how many each validator gets.
There is a catch, and it is not a small one. Validators that choose not to register a location would be excluded from block production and voting.
On process, SIMD-0675 moved to “ready for review” status on 30 September 2026 at 14:27 UTC. SIMD-0674 remains in draft.
Why Alpenglow makes this urgent The timing is not random, even if the current leader schedule is. The proposals are tied to Alpenglow, Solana’s upcoming consensus protocol.
Alpenglow aims for finality of around 150 milliseconds. Finality is the point at which a transaction is considered permanent and cannot be reversed.
The protocol was transitioning into testnet and devnet environments in late September 2026, right as these SIMDs appeared.
When your total finality target is measured in the low hundreds of milliseconds, a handover that eats tens of milliseconds is not background noise. It is a meaningful slice of the whole budget.
What this means for validators, builders and SOL holders For validator operators, the biggest shift is disclosure. Registering a physical location on-chain becomes the price of admission for producing blocks and voting.
The near-term milestones are clear enough. Watch how the community responds to SIMD-0675 now that it is open for review, and whether SIMD-0674 moves out of draft.
Also watch Alpenglow’s progress through testnet and devnet. If that protocol keeps advancing, pressure to squeeze out delays like handover latency will only grow.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Crypto investment products recorded $3.55 billion in weekly inflows, marking their highest weekly total of 2026 to date. CoinShares, a leading digital asset investment manager based in Europe, stated that nearly all these inflows originated from US-based funds, reflecting renewed demand following weeks of minimal activity.
US dominates global inflowsCoinShares reported that US-based products accounted for approximately $3.434 billion of worldwide inflows, representing nearly 97% of the total. Germany followed distantly with $73.9 million, while Canada and Switzerland recorded $21.8 million and $20.9 million, respectively. The bulk of investment centered in the United States underscored the importance of American institutional activity.
Total assets under management for digital asset investment products reached $173 billion globally. Year-to-date inflows stood at $8.6 billion as of the week ending September 29.
RegionWeekly InflowsUnited States$3.434 billionGermany$73.9 millionCanada$21.8 millionSwitzerland$20.9 millionBitcoin and altcoins attract fresh capitalBitcoin products played a dominant role, collecting $2.52 billion in inflows for the week. The flagship cryptocurrency recovered from levels below $75,000 and climbed above $83,000 during the reporting period. Ethereum-focused investment products also attracted robust interest, adding $702 million in inflows. Solana products drew $193 million, while XRP funds received $92.3 million.
With nearly all weekly inflows allocated to US-based products, CoinShares described the trend as clear evidence that institutional interest has strengthened following recent macroeconomic volatility.
CoinShares associated the rebound with improved investor confidence after two weeks of subdued activity. Investors reportedly responded to reduced uncertainty regarding US monetary policy after the Federal Reserve raised interest rates by 25 basis points, bringing the target range to 3.75% to 4.00% on September 16.
Mini dictionary: CoinShares — A leading digital asset investment and research firm offering insights and fund management for cryptocurrencies and blockchain-related assets.
Spot Bitcoin and Ether ETFs see steady inflowsUS-listed spot cryptocurrency exchange-traded funds (ETFs) continued to draw sustained capital throughout the week. Spot Bitcoin ETFs received $2.39 billion, while Ether ETFs added $690 million in new money. Both product groups recorded inflows on every trading day of the week, although momentum slowed after Friday.
On the following Monday, net flows declined significantly, with Bitcoin ETFs collecting $31 million and Ether ETFs $17 million. Despite a temporary surge, broader market momentum tapered off as the week progressed, particularly after Bitcoin touched $87,000 on September 23 before retreating toward $84,000.
Market analysts stated that rising US Treasury yields and a stronger dollar could continue to influence crypto fund inflows as investors monitor the prospect of additional interest rate hikes.
With total assets under management rising to $173 billion, several major crypto investment products reported their busiest week of inflows in 2026 so far, led by Bitcoin and Ethereum.
Five payment giants committed $1 billion to launch a stablecoin that gives away its reserve yield and equity. One week in, with Coinbase access about to open, the model faces its first real test.
Most stablecoin issuers operate on a simple, extractive premise: they hold the reserves, they keep the yield, and they charge fees for the privilege of minting or burning. It is a classic toll-booth business. On September 23, 2026, Open USD (OUSD) launched on Ethereum, Solana, Coinbase’s Base, and the Stripe-backed Tempo blockchain with a different objective. As CEO Zach Abrams told CoinDesk: “Every other stablecoin is building a fund. We’re building money.”
The mechanism is designed to remove the friction that usually acts as a tax on institutional users. OUSD eliminates minting and burning fees entirely. More importantly, it inverts the traditional economic model by sharing reserve revenue directly with distribution partners rather than hoarding it at the issuer level. By turning the distribution network into the primary beneficiaries of the reserve yield, OUSD incentivizes its own adoption through direct financial alignment.
This alignment is cemented by an equity-for-usage model. The “overwhelming majority” of Open Standard‘s equity is slated for distribution over the next four to five years, tied directly to supply growth and transaction activity. It is a strategy designed to ensure that the partners – which have grown from 140 at the June announcement to over 200 at launch, including major global banks like UBS, DBS, and ANZ – are not just users, but stakeholders with a vested interest in the network’s long-term velocity. Five founding partners – Coinbase, Mastercard, Shopify, Stripe, and Visa – each received an equal initial equity stake, backed by $1 billion in committed liquidity.
One week after launch, the model is about to face its first major test. Coinbase access opens October 1, bringing the largest US exchange into the distribution network. The timing is notable: the UK FCA crypto gateway opened for applications on September 30 – one week after OUSD’s launch – while the US remains mired in the regulatory fog of the GENIUS Act, which missed its July 2026 deadline and has produced little more than Notices of Proposed Rulemaking. OUSD launched into a pre-clarity US environment and is now onboarding Coinbase the same week the UK opens its doors.
This shift toward distribution-first infrastructure mirrors broader trends in the industry, including the infrastructure acquisition pattern documented in this week’s Capital Flows analysis and the distribution-first thesis explored in the HSBC RedCoin piece. OUSD is entering a $300 billion market currently dominated by Tether and Circle, and the inertia of existing payment rails is substantial. Dan Romero of Tempo has projected $10 billion in volume during 2027 and potentially $100 billion over several years, but these targets rely on the assumption that the founding partners will prioritize OUSD over their existing stablecoin integrations.
Execution risks remain. The consortium’s cohesion is unproven, and the history of the partner list is already marked by friction; some companies, such as Samsung, publicly disputed their participation following the initial June announcement. Managing a group of 200-plus entities, ranging from global banks to crypto-native protocols like Aave and Uniswap, is a logistical and political challenge that dwarfs the technical task of issuing a token. The project is a bet that the future of money is not a proprietary product, but a shared infrastructure. One week in, the bet has not yet been disproven. The market is now watching Coinbase.
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The Federal Reserve raised interest rates on September 16. The following week, investors poured $3.55 billion into crypto funds, the most in any week of 2026.
Higher rates make safe assets like government bonds pay more. Crypto pays no interest at all. Yet big money went the other way.
Why Investors Bought Crypto After a Rate HikeThe Fed raised its benchmark rate by 0.25 percentage points to a range of 3.75% to 4.00%. Markets had seen it coming.
CoinShares, the asset manager that tracks these flows, says the hike ended weeks of guessing. Buyers then rushed back.
“The scale and breadth of the week’s demand suggest institutional conviction returned once the policy decision removed a key source of uncertainty, a pattern consistent with buying the fact after weeks of caution,” CoinShares wrote in the report.
CoinShares also sells crypto funds of its own.
The rebound came after a bruising stretch. On September 15, the CLARITY Act, a bill to set federal rules for crypto markets, failed a Senate vote 49 to 50. Bitcoin sank below $75,000. Lawmakers are now drafting replacements.
US Funds Led the Buying as Strategy Sold Stock for BitcoinBitcoin (BTC) funds took $2.52 billion. Ethereum (ETH) funds added $702 million. Solana (SOL) and XRP (XRP) followed with $193 million and $92.3 million.
US products drew $3.43 billion of the total. US spot Bitcoin exchange-traded funds (ETFs) took in money on all five trading days. In late May, crypto funds lost $1.67 billion in a week.
Bar chart of weekly crypto fund inflows by asset. Source: CoinSharesMicroStrategy, the company that holds 847,666 BTC, bought 1,666 more last week. It paid for part of that $143 million purchase by selling new shares of its stock, MSTR. CoinShares noted this dilutes existing shareholders.
Another Fed Hike Could Test the RallyBitcoin now trades near $84,236, up 1.37% in 24 hours, per BeInCrypto data. Traders see a less than 40% chance of another hike in October. The 10-year Treasury yield sits near 5.28%.
10-Year US Treasury Yield. Source: TradingViewWednesday offered some relief. US PCE inflation cooled to 3.4% in August. Friday’s jobs report comes next.
While everyone’s watching Bitcoin, one expert says there are 4 other assets quietly leading this entire bull market. Matt Hougan, Chief Investment Officer at Bitwise, said his long-standing “Mount Rushmore” of crypto assets remains unchanged: Bitcoin, Ethereum, Solana, and Chainlink. He described this basket as essential exposure for anyone playing crypto’s two biggest macro themes: currency debasement and tokenization. “It’s hard to argue with those four assets not being part of your exposure,” he said.
Challengers Making Their Case
Hougan said the basket isn’t set in stone. Hyperliquid, he said, is “making its case to be chiseled into the Mount Rushmore,” while Zcash is arguing privacy deserves a spot and Venice is pushing the case for real-world AI applications. He said he’s bullish on several of these downstream DeFi assets, but still views the original four as the core, broad-based play.
Why He’s Bullish On Chainlink Despite Its Token Weakness
Asked specifically about Chainlink, given its steady stream of positive news around on-chain data and real-world asset integration, Hougan acknowledged the token itself remains “questionable.”
His broader thesis is that current tokenomics represent the worst version of themselves for nearly every crypto asset, and that regulatory pressure easing will force progressive improvement across the board.
He said he’s already seeing that reflected in Chainlink’s price, and that the underlying protocol business is strong enough to carry the token forward even as its economics catch up. He compared his current view on Chainlink to how he felt about Uniswap for years before its tokenomics improved.
A New Frontier: Tokens Tied To Real Assets
Hougan also flagged growing interest in pairing tokens with real-world assets, floating ideas like companies distributing rewards through tokenized stocks or fund companies marketing through tokenized funds.
He said while the current economics behind some of these paired-asset trades look unusual and likely temporary, the underlying concept, attaching a token to a real asset, still has significant unexplored potential ahead.
Story Ends Here
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Six months after North Korean-linked hackers drained $285 million from Drift Protocol, Solana’s DeFi total value locked has climbed back to $6.5 billion. That figure represents a 38% jump in just two months, fueled by a SOL price surge and a carefully orchestrated recovery plan that included a $127.5 million commitment from Tether.
What happened with the Drift exploit On April 1, 2026, attackers exploited Drift Protocol through a social engineering scheme that manipulated admin privileges. Rather than finding a flaw in the smart contracts themselves, the hackers used a fake collateral token to drain vaults from within the protocol’s own administrative infrastructure.
Drift had more than $550 million in TVL before the attack. The $285 million loss represented roughly half of the protocol’s locked value, making it one of the largest DeFi exploits of the year.
The breach was later attributed to North Korean-backed cyber actors. The immediate fallout saw Solana’s broader DeFi ecosystem post double-digit percentage drops in TVL as users pulled funds from multiple platforms.
The recovery playbook On April 16, roughly two weeks after the exploit, Tether announced it would commit up to $127.5 million to a revenue-backed recovery pool. Additional partners contributed another $20 million, bringing the total to nearly $150 million in pledged recovery capital.
Affected users were offered recovery tokens, a mechanism that gives hack victims a claim on future protocol revenues. The approach spreads the cost over time rather than attempting to make victims whole immediately, which would require either insurance reserves that most protocols lack or token dilution that punishes existing holders.
The protocol itself underwent a complete rebrand, relaunching as Velocity DEX with a focus on perpetual contract trading and overhauled security measures. The relaunch addressed the governance vulnerabilities that the attackers had exploited, tightening admin controls and adding layers of protection around vault operations.
On September 29, Drift co-founder Cindy Leow resigned, coinciding with the Velocity DEX relaunch.
SOL’s price recovery did the heavy lifting SOL climbed from approximately $73 to $118 over the same two-month window, a 63% gain that mechanically inflated the dollar-denominated TVL across every Solana-based protocol. A 38% TVL increase alongside a 63% price jump suggests that in token-denominated terms, the amount of SOL actually locked in DeFi protocols may have declined slightly.
What this means going forward The Drift hack and its aftermath highlight a fundamental tension in decentralized systems: protocols that rely on admin key privileges, multisig arrangements with insufficient signer diversity, or governance structures that concentrate control in a small team remain vulnerable regardless of how many audits their smart contracts have passed.
The shift toward recovery tokens as a compensation mechanism sets a precedent that other protocols will likely study. Users who needed immediate liquidity were left waiting, but the revenue-backed model offers a template that balances accountability with financial sustainability.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
100% of the Foundation’s allocation and a significant portion of founder and future team allocations are gone for good; the burn is irreversible and verifiable by anyone on-chain
Streamflow Foundation announced that it has burned 699.99 million STREAM, permanently removing 70% of total token supply from circulation in a single on-chain transaction. The burn covers 100% of the Foundation’s allocation, both locked and unlocked, as well as a significant portion of the founder and future team allocation. Total supply now stands at 300 million STREAM, down from 1 billion.
The tokens were destroyed through Solana’s programmatic burn instruction, which reduces total supply directly at the mint level. Nothing was moved to a wallet. There is nothing to recover, unfreeze, or reissue, and no future decision by Streamflow Foundation, Streamflow, or any affiliate can restore the tokens to supply.
The burn is irreversible. It is recorded on-chain and can be independently verified by any observer on Solscan.
Foundation treasury holdings typically represent the largest single variable in a token’s forward supply schedule. They can be distributed, sold, or emitted at the holder’s discretion, and the market has to price in every one of those possibilities. Streamflow Foundation has chosen to eliminate that variable outright rather than defer it through locks or policies that still depend on future decisions.
“A treasury that can be spent is a treasury the market has to price in. Burning it outright is the only version of this commitment that doesn’t depend on anyone’s continued good intentions. The tokens are gone, the transaction is public, and no future decision can bring them back.” – Mališa Stanojević, CEO of Streamflow.
With the overhang removed, every remaining STREAM is accounted for. Of the original total supply, the following remains:
11.47% in existing vesting contracts for private investors and early contributors 4.03% reserved for current and future team members to continue contributing 3.42% currently in the Active Staking Rewards program 11.08% freely circulating supply The full holder breakdown is public on Solscan and on the Streamflow Token Dashboard, where vesting contracts, staking positions, and circulating supply can be tracked in real time. Updated supply figures will be reflected on standard Solana token trackers and data aggregators as they index the transaction.
Streamflow’s product operations are unaffected by the burn. The platform continues to operate token locks, vesting, staking, airdrops, payouts, and treasury tooling for projects building on Solana, with more than $725 million in Total Value Locked across 40,000+ projects and 1.3 million users.
What This Means for STREAMThe burn clears the ground for the next step in STREAM’s structure: a one-way swap from STREAM into xSTREAM, a transfer-restricted security issued by a Cayman special purpose vehicle. With the Foundation’s allocation gone, every STREAM that can enter the swap is held by parties other than Streamflow Foundation, and the supply the swap draws from is fixed.
The swap will run on a public window of six months with no extension. STREAM delivered into the swap is burned on receipt and exchanged for xSTREAM at a 1:1 ratio, so the same programmatic burn mechanics used by the Foundation apply to every holder who participates.
xSTREAM will be available only to verified eligible investors through a dedicated portal, and is not available to retail investors in the United States, the United Kingdom, or the European Union. Full details on eligibility, verification, and what happens to STREAM during and after the window are covered in a separate announcement, with financial terms provided only to holders who complete verification.
About StreamflowStreamflow is a Solana-native token operations infrastructure platform that automates token distribution, locks, vesting, staking, airdrops, and payouts using on-chain smart contracts. More than 40,000 projects and 1.3 million users have used Streamflow, with over $725 million in Total Value Locked. Streamflow’s contracts are audited by Neodyme, FYEO, and OPCODES, and the company is backed by Jump Crypto, Solana Ventures, IVC, John Lilic, and others.
Disclaimer:
This announcement is for informational purposes only. It is not an offer to sell or a solicitation of an offer to buy any security in any jurisdiction where such an offer would be unlawful, and nothing in this announcement constitutes investment advice. The token burn described is a supply-management measure. It is not a price commitment, a guarantee of liquidity, or a representation regarding the future value, returns, or performance of STREAM. Readers should assess their own objectives and risk tolerance and seek full information before making any decisions.
Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
According to GMGN market data, the Solana-based meme coin Super Inu (SI) briefly hit a market cap of over $68 million, marking an all-time high. It is now trading at $65.78 million, with a 24-hour increase of 176%. In related news, late last night and early this morning, US President Trump said he will sign an artificial intelligence (AI)-related document with executives from multiple tech companies in Washington on Tuesday, calling the document "ethically binding". Trump also stated that he has officially renamed "artificial intelligence (AI)" to "Super Intelligence (SI)". BlockBeats reminds users that relevant token prices are highly volatile, so investors should exercise caution.
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Goldman Sachs has pushed back its forecast for the Federal Reserve's interest rate hike from October to December.
Goldman Sachs said Wednesday’s U.S. inflation data, paired with New York Fed President John Williams’ comments yesterday, has led the firm to now view an October Federal Reserve interest rate hike as unlikely. Economists Jan Hatzius, David Mericle, and Alec Phillips noted in a research report that, based on the latest inflation data, they project fourth-quarter core PCE year-over-year growth will reach 3.0%, well below the 3.4% median forecast from FOMC participants. The bank has thus pushed back its expectation for a second rate hike to December, and believes the FOMC has a high likelihood of ultimately determining no further rate increases are needed.
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The yield on the 10-year U.S. Treasury note climbed to 5.29%, marking a new high since 2007.
The yield on the US 10-year Treasury note rose to 5.29%, hitting a new high since 2007.
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Developer of meme coin SI sold off 32% of the token’s supply, missing out on $15 million in potential profits.
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Ethereum Name Service (ENS) founder Nick Johnson has released a statement denying that he issued tokens on Robinhood. He explained that the relevant account was created for a Twitter contest, where participants needed to find the account’s mnemonic phrase from an image. The account and its mnemonic phrase have thus long been public, and are not his private account intended for token issuance.
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The U.S. Securities and Exchange Commission (SEC) on Wednesday unveiled a series of reform proposals aimed at expanding individual investors’ access to private markets, enabling more retail investors to gain exposure to private equity, early-stage startups and other alternative assets. One proposal would allow registered investment advisors to charge performance fees of up to 20% based on fund performance, aligning the fee structure closer to the “2% management fee + 20% performance fee” model used by some hedge funds, in a bid to attract more private fund managers to serve individual investors. SEC Chair Paul Atkins stated that the commission aims to explore ways to expand individual investors’ participation in private markets while preventing fraud and misconduct. The SEC also proposed expanding the definition of an “accredited investor” to qualify more individuals with professional credentials, including certified public accountants (CPAs) and Chartered Financial Analysts (CFAs), as eligible investors.
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The Open Standard plan will allocate the vast majority of equity based on contributions to OUSD growth, with founding partners not entitled to special revenue shares.
Open Standard CEO Zach Abrams stated that the firm will center its stablecoin economic allocation mechanism on the OUSD model. Founding partners will not receive special revenue splits; instead, they will follow the same rules as other partners, earning rewards based on the OUSD volume they drive. Abrams added that Open Standard plans to allocate the vast majority of the company’s equity to founding partners and other network partners over the next four to five years. Partners meeting the minimum threshold will be eligible for equity based on the OUSD supply and transaction activity they drive, a move aimed at encouraging partners to boost OUSD circulation rather than just holding tokens. The company has not yet disclosed specific participation thresholds. Abrams argued that OUSD’s growth opportunities are not limited to capturing market share from USDT or USDC; sectors including card settlements, foreign exchange trading, and cross-border payments can also leverage stablecoins to facilitate faster, more frequent fund flows than traditional banking networks.
JTX, the institutional-grade trading terminal designed by the architects of Solana’s market layer, is taking DeFi by storm. Combining the execution and UX of a centralized exchange with the diversity and accessibility of the onchain economy, JTX is giving traders the best of both worlds.
Launched publicly in July 2026 by Jito Labs, JTX bundles charts, order execution, and portfolio tracking into a single interface that feels like a professional exchange while settling every trade onchain.
What is JTX, why is it the best place to trade on Solana, and why is Jito Labs so well-equipped to build out the trading terminal Solana deserves?
What is JTX? JTX is a self-custodial trading platform built on Solana. Complete with sophisticated order types, portfolio management, and Solana’s unrivalled execution, JTX lets traders express their opinions on a near infinite range of markets, while retaining full control over their assets.
Where in the past, trading on Solana meant juggling multiple browser extensions and hopping between various apps, JTX unites the best the network has to offer under one roof. A network-first, JTX compiles resting liquidity across all Solana DeFi venues into an omniscient order-book, giving traders an unrivaled view of onchain markets.
Beyond best-in-class trade executions, JTX offers a wealth of order types for navigating onchain markets with precision.
Smart Fill - JTX's flagship order type, designed to execute large trades without moving the market. Slices one big order into dozens of smaller ones fired in quick succession, sometimes half a second apart.
TWAPs - Spreads a large order into equal slices at fixed intervals. Instead of buying $100,000 of $SOL at once, it might buy $5,000 every few minutes over an hour, smoothing your entry and reducing market impact.
Limit Orders - JTX limit orders rests directly onchain through Manifest, unlike the trigger orders common across Solana DeFi. The price you set is the price you get.
Market orders - Buys or sells immediately at the best available price.
Whether you’re trading crypto majors like $BTC and $SOL, tokenized equities like $NVDA, or memecoins, JTX gives elite traders the tools they need to gain a competitive edge in onchain markets. JTX’s portfolio tracker gives users a comprehensive overview of their positions, including average entry and exit prices across all tradable assets.
Offering professional traders complete access to Solana’s diverse spot markets, JTX is slated to release perpetual futures trading and prediction markets in the near future.
JTX Autocompounder As if sophisticated order types like Smart Fill and TWAPs weren’t enough, the JTX team has proven they have their thumb on the pulse of onchain market trends. Reacting quickly to the explosion of Stonk tokens (yield-bearing memecoins paired with any possible quote asset), JTX released the Autocompounder.
Autocompounder gives traders a hands-free way of swapping quote tokens they earn through holder rewards directly back into the yield-bearing Stonk asset. For example, setting autocompounder on $ZCAT will programmatically trade $ZEC rewards back into $ZCAT, boosting the underlying position and its consequent yield generation.
Why Does Solana Need JTX? Having consistently led all networks in spot DEX trading volumes since 2024, Solana has established itself as crypto’s top venue for onchain trading. But despite offering the industry’s most active markets, Solana’s traders have relied on simple swap sites and aggregators.
Jito Labs, the team responsible for architecting Solana’s backend market layer, believes that Solana’s traders deserve better.
Solana’s onchain execution has improved dramatically in recent years. According to Jump Crypto Research, retail traders on Solana get better prices than Binance in over 97% of fills.
In $SOL trades between $5,000 and $20,000, round-trip costs came in at just 1.22 bps on Solana versus 8.33 bps on Binance's top VIP tier. By trading on Solana, you end up with more assets, while paying less money to buy them.
While there are dozens of onchain trading terminals vying for DeFi dominance, none offer an equivalent level of trade execution. JTX is designed for elite traders who move tremendous size through markets, and the data suggests that the venue’s advanced order types are helping the pros get maximum value.
In this example, a JTX trader recently TWAPed a $2 million $USDC into $SOL order across 241 slices. Each fill averaged just 0.88 bps of price impact, with 195 of 199 benchmarked fills beating Binance on price execution.
The Jito Labs Edge Solana has emerged as the most performant Layer-1 blockchain in the crypto industry. It boasts the most efficient, high-throughput markets available in the onchain economy, and it can credit much of its success to the infrastructure providers who’ve been building Solana’s market layer for the past four years.
Jito's validator client and Block Engine, the systems that bundle and order transactions for the network, run on more than half of the network’s validators.
The team also operates JitoSOL, one of Solana's largest liquid staking tokens, and the newer Block Assembly Marketplace (BAM), a transparent system for sequencing transactions. The first BAM plugin successfully introduced 50ms order batching to Solana DeFi, enabling market makers to quote tighter and efficiently and improve trade execution across the network.
Jito knows Solana’s network architecture better than anyone else. After four years of constructing the plumbing required for crypto’s most liquid and efficient markets, Jito has finally turned its attention to the trader. The same attention to detail and high-performance execution that has made Solana what it is today is now being applied to an institutional-grade trading venue, and the results speak for themselves.
What Does This Mean for $JTO JTX joins an expansive range of products geared towards directing value to $JTO, Jito’s native governance token. Following the successful approval of JIP-38, the Jito DAO democratically agreed to allocate 80% of JTX protocol revenue towards buying back and burning $JTO off the open market.
Trading terminals consistently rank as some of crypto’s most valuable applications, and it's certainly a crowded market. Memecoin trading platforms like Axiom and Fomo consistently rake in millions of dollars in weekly revenue, but often come with high protocol fees that discourage high-volume traders.
JTX was built to serve a different breed of onchain trader. Leveraging JTX’s diverse order types, professional traders are capable of clipping massive orders through DeFi markets, like this example of a trader TWAPing $10M through JTX in 30 minutes.
In line with the high volumes you’d expect from institutional-class traders, JTX’s fee structure is extremely generous, charging as low 0.02% on crypto majors like $BTC and $SOL.
JTX is Jito's bet that the team which built Solana's industry-leading market infrastructure can provide the frontend to match. It packages a fragmented trading experience into one professional surface, keeps users in control of their own keys, and grades its own execution against the centralized giants in real time.
Try it for yourself, at JTX.
Disclaimer: SolanaFloor is a subsidiary of the Jito Network
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.
Open Standard announces the official launch of its U.S. dollar stablecoin OUSD, enabling enterprises and developers to build internet-native financial services and products—such as banking, cross-border payments, settlements, and institutional transactions—using OUSD. OUSD currently offers four integration paths, with related APIs and tools covering settlement, payment orchestration, trading, foreign exchange conversion, wallets, and bank card services. All channels support the free minting and burning of OUSD at a 1:1 U.S. dollar exchange rate. Enterprises can now integrate via Mastercard, Stripe, and Visa Stablecoin Platform; Coinbase integration will open on October 1. OUSD natively supports Base, Ethereum, Solana, and Tempo, and will first be listed on centralized and decentralized trading platforms including Coinbase, Kraken, and Uniswap. Issued by Bridge, a subsidiary of Stripe, OUSD’s reserve assets are held at BlackRock, Lead Bank, and The Bank of New York Mellon, with reserve proofs published monthly. Open Standard currently boasts over 200 partners spanning financial institutions, fintech companies, banks, and global enterprises.
Relevant content
Goldman Sachs has pushed back its forecast for the Federal Reserve's interest rate hike from October to December.
Goldman Sachs said Wednesday’s U.S. inflation data, paired with New York Fed President John Williams’ comments yesterday, has led the firm to now view an October Federal Reserve interest rate hike as unlikely. Economists Jan Hatzius, David Mericle, and Alec Phillips noted in a research report that, based on the latest inflation data, they project fourth-quarter core PCE year-over-year growth will reach 3.0%, well below the 3.4% median forecast from FOMC participants. The bank has thus pushed back its expectation for a second rate hike to December, and believes the FOMC has a high likelihood of ultimately determining no further rate increases are needed.
9 minutes ago
The yield on the 10-year U.S. Treasury note climbed to 5.29%, marking a new high since 2007.
The yield on the US 10-year Treasury note rose to 5.29%, hitting a new high since 2007.
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Developer of meme coin SI sold off 32% of the token’s supply, missing out on $15 million in potential profits.
Bubblemaps stated in a post that meme coin Super Inu (SI) was launched around the time former US President Donald Trump pushed to rebrand artificial intelligence as "Super Intelligence", and the token rallied rapidly after Trump publicly used the "SI" shorthand. On-chain data reveals wallet 9pkJqJ created SI, minting 20% of its total supply for itself, then acquired an additional 12% via eight other wallets, bringing its total holdings to 32% of the token’s supply. The wallet later sold all its SI for approximately $24,000; had it held onto the tokens, they would now be valued at around $15 million. The developer repurchased SI after selling prematurely, but by that point the token’s price had already surged.
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ENS founder denies issuing tokens on Robinhood Chain, stating that the mnemonic phrases for the relevant accounts have long been made public.
Ethereum Name Service (ENS) founder Nick Johnson has released a statement denying that he issued tokens on Robinhood. He explained that the relevant account was created for a Twitter contest, where participants needed to find the account’s mnemonic phrase from an image. The account and its mnemonic phrase have thus long been public, and are not his private account intended for token issuance.
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US SEC plans to relax private investment thresholds, pushing retail investors to enter the private market.
The U.S. Securities and Exchange Commission (SEC) on Wednesday unveiled a series of reform proposals aimed at expanding individual investors’ access to private markets, enabling more retail investors to gain exposure to private equity, early-stage startups and other alternative assets. One proposal would allow registered investment advisors to charge performance fees of up to 20% based on fund performance, aligning the fee structure closer to the “2% management fee + 20% performance fee” model used by some hedge funds, in a bid to attract more private fund managers to serve individual investors. SEC Chair Paul Atkins stated that the commission aims to explore ways to expand individual investors’ participation in private markets while preventing fraud and misconduct. The SEC also proposed expanding the definition of an “accredited investor” to qualify more individuals with professional credentials, including certified public accountants (CPAs) and Chartered Financial Analysts (CFAs), as eligible investors.
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The Open Standard plan will allocate the vast majority of equity based on contributions to OUSD growth, with founding partners not entitled to special revenue shares.
Open Standard CEO Zach Abrams stated that the firm will center its stablecoin economic allocation mechanism on the OUSD model. Founding partners will not receive special revenue splits; instead, they will follow the same rules as other partners, earning rewards based on the OUSD volume they drive. Abrams added that Open Standard plans to allocate the vast majority of the company’s equity to founding partners and other network partners over the next four to five years. Partners meeting the minimum threshold will be eligible for equity based on the OUSD supply and transaction activity they drive, a move aimed at encouraging partners to boost OUSD circulation rather than just holding tokens. The company has not yet disclosed specific participation thresholds. Abrams argued that OUSD’s growth opportunities are not limited to capturing market share from USDT or USDC; sectors including card settlements, foreign exchange trading, and cross-border payments can also leverage stablecoins to facilitate faster, more frequent fund flows than traditional banking networks.
Lion funded its latest HYPE purchase by exiting SOL and reducing Bitcoin. SUI had already been fully converted into HYPE in September 2025. Future purchases should be judged by both HYPE accumulation and what Lion sells to finance it. Lion Group is financing its latest Hyperliquid purchase from inside its own crypto portfolio.
The Nasdaq-listed company sold all of its remaining Solana and part of its Bitcoin holdings on Sept. 29, directing the proceeds into HYPE. The transaction added approximately 38,102 HYPE and brought Lion’s total position to about 232,900 tokens, valued at $20.1 million when the company announced the reallocation.
The source of that capital is more revealing than the purchase itself.
Lion is not simply putting additional cash into crypto. It is deciding which digital assets deserve space on its balance sheet, and Hyperliquid is increasingly winning that competition.
Lion’s Treasury Has Been Narrowing for More Than a Year The shift did not begin this week.
Lion launched its digital-asset treasury in June 2025 around three assets: HYPE, SOL and SUI. HYPE was designated the primary reserve asset, but the strategy was initially presented as a broader bet on next-generation Layer-1 networks.
By September 2025, that structure had already started disappearing.
Lion first announced plans to rotate its SOL and SUI holdings toward Hyperliquid, citing the availability of institutional HYPE custody through BitGo. Three days later, it completed the conversion of its entire SUI position, leaving a disclosed treasury of 194,726 HYPE and 6,707 SOL.
The latest transaction effectively completes the SOL side of that transition while bringing Bitcoin into the reallocation for the first time.
Lion Group Treasury
From crypto basket to HYPE concentration
JUNE 2025
Lion launches a multi-asset treasury strategy.
HYPE
SOL
SUI
SEPTEMBER 2025
Strategy shifts toward converting
SOL
and
SUI
into HYPE.
SEPTEMBER 29, 2026
Lion sells all remaining SOL and part of its
BTC position to buy more HYPE.
+38,102 HYPE
Resulting HYPE position
232,900
HYPE tokens
Approximately $20.1 million at the time of the announcement
Lion Group is reducing other crypto positions while increasing its exposure to Hyperliquid.
The progression changes how Lion’s future crypto purchases should be interpreted. Buying HYPE with new capital expands its digital-asset exposure. Buying HYPE by selling another cryptocurrency primarily changes the composition of exposure already on the balance sheet.
That is a different treasury decision.
Hyperliquid Has Given Lion More Reasons to Stay Lion’s increasing commitment comes as Hyperliquid expands beyond the perpetual futures market that established the protocol.
In its latest announcement, the company pointed to the introduction of manual borrowing, where supported assets can be supplied as collateral to borrow stablecoins, as well as record open interest and broader infrastructure around the network.
HYPE’s market access has expanded too, including a Binance spot listing and staking access through Gemini for eligible U.S. customers.
Those are Lion’s stated reasons for remaining bullish, rather than independent evidence that concentrating the treasury will improve shareholder returns. The distinction is important because the strategy ties a growing portion of Lion’s digital-asset exposure to the performance and development of a single ecosystem.
There is also a useful historical benchmark in Lion’s SEC disclosures.
On Sept. 21, the company reported approximately 195,000 HYPE worth $18.2 million and said it had not sold any tokens from the position. The latest reallocation raises the token balance substantially without reversing that holding strategy.
What Lion Sells Next May Matter More Than What It Buys The next treasury announcement now has two sides worth watching.
One is straightforward: how much additional HYPE Lion acquires.
The other is the funding source.
If future purchases come from new financing or available cash, Lion would be expanding the capital committed to its crypto strategy. If they are financed by further Bitcoin sales or disposals of other digital assets, the company would instead be continuing the internal rotation that has gradually reshaped the portfolio.
That distinction also puts Lion’s original $600 million treasury announcement into perspective. The figure referred to a financing facility secured in June 2025, not $600 million of cryptocurrency immediately deployed. The first closing under that facility was $11 million, while Lion’s initial HYPE acquisition was $2 million at an average price of roughly $37.30 per token.
The treasury has therefore developed incrementally rather than through a single $600 million deployment.
Its direction, however, has become progressively clearer.
SUI was removed first. SOL has now followed. Bitcoin has begun funding additional HYPE purchases.
For Lion’s next treasury update, the asset leaving the balance sheet may be just as informative as the HYPE entering it.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Open Standard's much-anticipated dollar stablecoin, Open USD ($OUSD), is now live. According to Crypto Briefing, , marking the formal market entry of a project that first surfaced in late June.
The token offers 1:1 USD mint and burn at no cost, making it accessible for corporate treasuries, remittances, and FX liquidity without the fee friction common to competing stablecoins.
A Consortium Built for Enterprise Scale The project is unusual in both its size and structure. , spanning payments, banking, big tech, and crypto infrastructure.
That structure directly inverts the model used by incumbents such as Tether and Circle, where the issuer retains the float on reserves.
Integration Pipelines and What Comes Next @BVNK and the @Visa Stablecoin Platform are available immediately.
@Coinbase's full integration is set to go live on October 1.
Sources:
CoinDesk: Open USD goes live as Coinbase, Mastercard, Stripe and Visa commit $1 billion to liquidity
Crypto Briefing: Stripe makes Open USD its default stablecoin for business payments
The Defiant: Open Standard Unveils Open USD, a Bank and Tech-Backed Stablecoin
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.
USD.AI has brought its two tokens, USDai and sUSDai, to Solana. Both now support cross-chain transfers using the OFT standard.
Approximately 8.43 million sUSDai, valued at around $9.39 million, moved over to Solana within hours of going live. The token also logged $372,000 in decentralized exchange trading volume over the first 24 hours.
What actually launched The rollout went live on September 24, 2026, at roughly 17:52 UTC. It covers both of the protocol’s core products.
USDai is the base token. Depositors mint it using existing stablecoins, much like trading dollars for casino chips before sitting down at a table.
sUSDai is the staked version. Holders lock up USDai and receive a token that earns yield, which comes from interest paid on loans the protocol issues.
The transfers run on the OFT, or Omnichain Fungible Token, standard. A token issued under it can cross from one blockchain to another without becoming a knockoff version of itself on arrival.
Before this launch, USDai and sUSDai lived only on EVM-compatible chains. The protocol already used LayerZero for cross-chain movement within that family. Solana does not run the EVM, so reaching it means stepping outside that ecosystem entirely.
For anyone who wants to verify they hold the real thing, USD.AI listed the Solana addresses. USDai sits at USDai5XCUzNebYzUk6EuRiFCvnyoyEdj7VSyijYcz2A. sUSDai sits at sUSDai6Y3GxysDEtA9BVcEFTaog6UZpYUVxJiMhAKYE.
Where the money went At launch, USD.AI lined up integrations with six Solana DeFi protocols: Jupiter Lend, Kamino, Orca, Loopscale, Exponent, and Mezzanine. That gives holders options for lending, providing liquidity, and trading in fixed-rate markets.
A meaningful share of the bridged sUSDai has already been put to work across Kamino, Jupiter Lend, and Orca. Kamino and Jupiter Lend handle lending, while Orca is a decentralized exchange where users supply trading liquidity.
For the first eight weeks, eligible users can earn ALLO points, plus additional incentives offered by USD.AI.
The GPU loans underneath The protocol runs a credit system that lends to infrastructure operators in the AI sector. Those loans are secured by GPU hardware, the specialized chips that power AI model training and inference.
The underlying loan book totals more than $280 million, spread across 16 separate facilities. The largest single facility listed is $128.9 million, backed by 2,304 NVIDIA GB200 GPUs.
That concentration is worth noting. One facility accounts for a large portion of the total book, so its performance matters more than any other single loan.
What this means For USD.AI, the first-day figures point to real demand for access on Solana. Roughly $9.39 million in bridged sUSDai and $372,000 in trading volume are modest next to the $280 million-plus loan book, but they arrived within hours rather than weeks.
For sUSDai holders, the move adds flexibility without changing the underlying exposure. Whether the token sits on an EVM chain or Solana, its yield still depends on AI infrastructure operators repaying loans secured by GPUs.
Cross-chain setups also carry their own considerations. Moving tokens between networks relies on the messaging infrastructure behind the OFT standard working as intended. Users taking advantage of the new routes should confirm the official token addresses before transacting, since lookalike tokens are a familiar hazard on any newly supported chain.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Solana‘s price has maintained support above $120 as United States spot Solana exchange traded funds (ETFs) reported their strongest weekly net inflows since launch. This fresh backing comes as the SOL token approaches a key resistance level at $125.
Institutional inflows and ecosystem growthSOL traded near $120 on September 30, according to CoinGecko data, showing little movement over the prior 24 hours but registering a 4% gain over the past week. The token rebounded from a weekly low of $113 and touched $124.5 on September 27, before consolidating below the $120 level and recovering again.
Institutional demand has been a crucial driver of this momentum. SoSoValue reported that US spot Solana ETFs attracted a combined $188 million in net inflows over the five trading days through September 25. These ETF products offer investors exposure to Solana without directly holding the asset, often leading to increased demand for the underlying token.
The influx of capital coincides with progress on Alpenglow, one of the blockchain’s largest upcoming upgrades. Alpenglow is currently operating on Solana’s public devnet and testnet environments, which allow developers to test new applications and network changes before they are released on the mainnet.
The upgrade aims to replace the current TowerBFT consensus with a new system called Votor, targeting a dramatic reduction in transaction finality time from roughly 12.8 seconds to just 150 milliseconds.
Mini dictionary: Alpenglow, a major planned upgrade for the Solana network, introduces the Votor consensus system, designed to reduce transaction finality time and improve overall network speed.
No date has been set for mainnet deployment, and the 150 millisecond finality target has not yet been achieved in real trading conditions. Developers emphasize that ongoing testnet activity remains vital to ensure the upgrade delivers as intended.
Meanwhile, liquidity inside the Solana ecosystem is rising. The stablecoin supply on the Solana network reached a record $17.3 billion on September 25, surpassing August’s previous peak by $600 million. According to DefiLlama data, Solana stands as the third-largest blockchain by stablecoin supply, following Ethereum and Tron.
USDC accounted for approximately $8.4 billion of the total stablecoin holdings on Solana. The number of wallets holding USDC increased from 8.1 million in early August to more than 9.3 million by late September.
MetricAugust 2026September 25, 2026Stablecoin Supply$16.7 billion$17.3 billionUSDC HeldNot specified$8.4 billionWallets with USDC8.1 million9.3 millionETF inflows, ongoing technical upgrades, and expanding stablecoin balances are supporting SOL as it hovers close to its recent highs since the latest rally began.
Technical outlook: Key levels and momentum indicatorsSOL’s daily chart displays a recovery from the $72 to $75 region in August to above $120. The price has set higher highs and higher lows since mid-August, yet stalled below $125, its resistance area from late September.
The Elder Force Index (EFI) remains positive and recently recorded a value of 4.38 million, higher than the central value of 3.17 million but below peaks above 7 million reached during the rally’s strongest phase.
Positive readings for key technical indicators such as the Elder Force Index point to continued buyer interest, though the pullback from recent highs suggests momentum has weakened compared to previous surges.
The nine-day Rate of Change (ROC) stands at 1.75%, indicating SOL trades above its level from nine days earlier, but this reflects a decline from previous highs above 20% earlier in September.
Holding above $120 and a positive ROC support the upward trend; however, a fall below zero in ROC or a drop under the $116 to $118 range could signal a shift in short-term momentum.
On the four-hour chart, $124.95 marks the breakout level, corresponding with the upper edge of the 20-period Donchian Channel. SOL currently trades near $121.11, slightly above the channel midpoint of $120.64 and well above the lower boundary at $116.32.
A close above $124.95 to $125 would set SOL above the Donchian Channel’s upper band and the September high, leaving $130 as the next significant price target. If momentum holds, the daily chart highlights further potential towards the $140 to $145 region, where Solana last traded before its steep correction earlier this year.
The Money Flow Index (MFI) has moved back to 55.38 on the 4-hour chart, signaling renewed positive money inflow while leaving room for further gains before reaching overbought levels.
Further confirmation for any breakout would be drawn from MFI crossing 50 with simultaneous strength in the Elder Force Index. If SOL fails to exceed $124.95, the range between $116.32 and $124.95 remains the main zone to watch. A four-hour close below $116.32 would disrupt the recent bullish formation built since late September.
Solana’s Alpenglow upgrade is live on testnet. It is finalizing blocks in a median of 54 milliseconds.
That is faster than the team’s own target. It is also dramatically faster than Solana’s mainnet today, which previously averaged approximately 12.8 seconds to reach finality.
What actually changed Alpenglow activated on Solana’s public testnet on September 24, 2026, at slot 444,625,255, after a 17-minute countdown. Devnet followed a day later, on September 25, at slot 504,148,999.
The headline component is Votor, a new consensus mechanism. It replaces TowerBFT, the voting system Solana has relied on for years.
This is the first major consensus overhaul since Solana launched in 2020.
The design target for finality was 100-150 milliseconds. The testnet result of 54 ms landed well under the low end of that range.
How Votor gets there Validators submitted votes as on-chain transactions, and those vote transactions traditionally consumed 50-75% of block space.
Votor moves voting off the chain. Validators exchange BLS-signed votes directly with one another over a peer-to-peer network.
Those votes get aggregated into certificates. BLS is a signature scheme that allows many individual signatures to be bundled together, so a stack of validator votes can be packaged into one compact proof of agreement.
The upgrade also introduces dual finalization paths, meaning blocks have two possible routes to being finalized. It adds a “20+20” fault-tolerance model as well, which is expected to improve network resilience and performance.
What does not change is just as notable. The Solana Virtual Machine, transaction formats, and fee structures all remain the same.
A long road through governance The proposal was formalized as SIMD-0326 and went to a validator vote in September 2025.
It passed with 98.27% approval. Stake participation during the vote came in at 52%.
What this means for Solana The immediate question is mainnet. The activation date there remains undecided.
Mainnet deployment is tied to the Agave 4.3 release, which is expected in late September or October 2026. That timeline depends on what developers observe from the testnet and devnet runs.
The key things to watch are straightforward. First, whether Agave 4.3 ships on its expected schedule. Second, whether testnet and devnet observations surface any issues that delay mainnet activation.
Third, and most important, whether mainnet finality lands anywhere near the testnet’s 54 ms median. A result in the 100-150 millisecond design range would still represent a dramatic leap from approximately 12.8 seconds.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
In brief Decrypt is evolving into The Information Exchange, a financial and intelligence market powered by the MYR token. The Information Exchange brings together news, data, market prices, probabilities and direct participation in a connected media ecosystem. MYR is the shared economic coordination layer of The Information Exchange. Information has always moved markets.
People consume information to understand the world, form a view of what will happen next and decide how to act. But the systems through which people become informed have historically remained separate from the systems through which they participate. We believe that division is ending.
Today, we are announcing The Information Exchange: an information and financial network bringing together news, data, market prices, probabilities and direct participation around the subjects people care about. Brought to you by Decrypt, powered by Myriad and the MYR token.
Decrypt Media homepage. Image: DecryptA person following Bitcoin should be able to understand what happened, see what the asset is doing and understand what markets believe may happen next and act directly. The Information Exchange will combine products we build with products we integrate. Decrypt will provide trusted information and global distribution. Myriad will provide the technology connecting information to financial participation. Solana will provide the high performance on chain environment through which a new generation of users can participate. And MYR will serve as the coordination layer connecting users, creators, traders, publishers, liquidity providers, applications, data providers and autonomous agents.
News + Data + Markets + Prediction + Participation
This is the next evolution of Myriad and the idea toward which we have been building all along.
Why nowHistorically, readers learned about assets through publications like Decrypt, then moved to exchanges and trading apps. Every step introduced more friction. The context of the original story was lost, the publisher’s relationship with the reader ended and the financial value created by that attention accrued to another platform.
Financial products are increasingly composable and can be integrated into the applications where users discover them. A Decrypt reader should not need to leave an article and reconstruct the context of a trade. The opportunity to act can exist alongside the information that created the conviction.
"Solana gives Decrypt the speed, low costs and expanding financial ecosystem needed to embed participation directly into the information experience."
Solana dashboard. Image: DecryptInformation is becoming machine-readable, markets are becoming programmable, and the distance between an event and an economic response is collapsing. This convergence, media, markets and machine intelligence is what makes The Information Exchange possible now.
Why usFor eight years, we have been building around information and the communities that give it value.
Decrypt was created to help people understand fast changing financial and technological system. It has grown into one of the largest crypto-native media platforms.
Rug Radio began from a different place. It showed that Creators and community members could participate in the media they helped make, contribute to its distribution and share in the culture and value surrounding it. Its audience is deeply crypto native.
Folding Rug Radio into Decrypt brought that native perspective together with the reach and authority of an established newsroom, reaching approximately 1.6 million monthly unique users and 3.7 million monthly page views, with more than 73,000 active newsletter subscribers and has generated of hundreds of millions of impressions through social platforms and syndication.
AI Situation Room. Image: DecryptMyriad developed a third audience: active market participants who have already demonstrated that they will move directly from information to action when presented with a compelling product.
These audiences are three points on the same participation curve from understanding, to discovery, to conviction, to execution.
Prediction markets were the proofMyriad Prediction Markets began as an experiment in whether an information audience could become a market network. Prediction markets were the natural first instrument because they are one of the purest ways to financialize information.
Decrypt Predict. Image: DecryptThe important question for us was not whether people wanted another place to trade predictions. It was whether people consuming information could become active market participants within the same experience.
More than $600 million in prediction market volume later, the answer is clear.
Along the way, we deployed Myriad across several ecosystems, experimented with automated market makers and order books, built a wallet and developed our own market infrastructure. Not every strategy worked as intended. At times, we optimized for becoming a conventional prediction market venue instead of concentrating on the larger relationship between information and participation.
But the underlying experiment succeeded. We built a new financial product from the ground up, distributed it through an existing information network and proved that passive content consumers could become active market participants.
Prediction markets were not the destination. They were the proof.
The Information ExchangePrediction markets are one financial expression of information. They will not be the last.
The Information Exchange expands the model across the broader financialized internet. Its fundamental unit is not an article, a token or a trade. It is the subject.
The Trenches/Meme Coin Situation Room. Image: DecryptMyriad can assemble reporting, data, market prices, probabilities and opportunities to participate.
Those opportunities will include
Prediction markets Spot markets Perpetual futures Structured event products New financial instruments. We do not need to manufacture every financial product we distribute. Myriad will continue to provide native market infrastructure while also integrating products from third party protocols and exchanges. The objective is to become the information and participation layer through which people discover, understand and interact with markets.
Supporting our continued media growth will be our in house agentic media operating system: designed to identify emerging subjects, organize data, curate intelligence, assist content production and connect relevant financial products to the infograph.
AMOS – Agentic Media Operating System. Image: DecryptThe MYR TokenMYR is the shared economic coordination layer of The Information Exchange.
MYR can be staked by participants responsible for secured network functions, including information verification and market resolution.
Applications, professional trading systems, data consumers and autonomous agents can stake MYR to access scarce network resources. These may include higher API throughput, low-latency market data, probability feeds, resolution infrastructure, programmatic market creation, execution services and premium intelligence.
MYR will also align the people supplying information, distribution, capital, liquidity and computation. Holders and stakers will receive benefits such as reduced transaction costs, enhanced data access and premium products or services.
Economic activity across The Information Exchange will generate revenue. Portions of network economics will be directed toward open-market acquisition of MYR, supply reduction (Buyback + Burn), staking incentives, network rewards, treasury funding and ecosystem development.
This creates demand connected to the use and growth of the network rather than to speculation alone. The purpose is not to attach a token to a collection of unrelated products. It is to give an expanding information network a common economic language.
One token, infinite possibilitiesThe history of Decrypt, Rug Radio and Myriad is the history of one idea becoming clearer.
The Information Exchange brings our accrued capabilities together. Prediction markets remain central to it because probabilities are among the clearest and most useful expressions of collective belief. But they are one product within a much larger opportunity.
We are building a network in which people can understand what happened, see what markets believe happens next and participate directly; a network in which creators and publishers can share in the financial activity their information produces.
In a world where everything is being financialized, including attention itself, people should be able to benefit from what they know and participate in the markets their activity helps create.
This was the founding purpose of Myriad. Everything we have built and learned has brought us back to it.
One network for information and participation. One unifying technical layer. One token connecting every product and every participant.
Expect a staggered product rollout over the coming weeks, leading into Solana Breakpoint.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Decrypt is evolving into The Information Exchange, a financial and intelligence market powered by the MYR token. The Information Exchange brings together news, data, market prices, probabilities and direct participation in a connected media ecosystem. MYR is the shared economic coordination layer of The Information Exchange. Information has always moved markets.
People consume information to understand the world, form a view of what will happen next and decide how to act. But the systems through which people become informed have historically remained separate from the systems through which they participate. We believe that division is ending.
Today, we are announcing The Information Exchange: an information and financial network bringing together news, data, market prices, probabilities and direct participation around the subjects people care about. Brought to you by Decrypt, powered by Myriad and the MYR token.
Decrypt Media homepage. Image: DecryptA person following Bitcoin should be able to understand what happened, see what the asset is doing and understand what markets believe may happen next and act directly. The Information Exchange will combine products we build with products we integrate. Decrypt will provide trusted information and global distribution. Myriad will provide the technology connecting information to financial participation. Solana will provide the high performance on chain environment through which a new generation of users can participate. And MYR will serve as the coordination layer connecting users, creators, traders, publishers, liquidity providers, applications, data providers and autonomous agents.
News + Data + Markets + Prediction + Participation
This is the next evolution of Myriad and the idea toward which we have been building all along.
Why nowHistorically, readers learned about assets through publications like Decrypt, then moved to exchanges and trading apps. Every step introduced more friction. The context of the original story was lost, the publisher’s relationship with the reader ended and the financial value created by that attention accrued to another platform.
Financial products are increasingly composable and can be integrated into the applications where users discover them. A Decrypt reader should not need to leave an article and reconstruct the context of a trade. The opportunity to act can exist alongside the information that created the conviction.
"Solana gives Decrypt the speed, low costs and expanding financial ecosystem needed to embed participation directly into the information experience."
Solana dashboard. Image: DecryptInformation is becoming machine-readable, markets are becoming programmable, and the distance between an event and an economic response is collapsing. This convergence, media, markets and machine intelligence is what makes The Information Exchange possible now.
Why usFor eight years, we have been building around information and the communities that give it value.
Decrypt was created to help people understand fast changing financial and technological system. It has grown into one of the largest crypto-native media platforms.
Rug Radio began from a different place. It showed that Creators and community members could participate in the media they helped make, contribute to its distribution and share in the culture and value surrounding it. Its audience is deeply crypto native.
Folding Rug Radio into Decrypt brought that native perspective together with the reach and authority of an established newsroom, reaching approximately 1.6 million monthly unique users and 3.7 million monthly page views, with more than 73,000 active newsletter subscribers and has generated of hundreds of millions of impressions through social platforms and syndication.
AI Situation Room. Image: DecryptMyriad developed a third audience: active market participants who have already demonstrated that they will move directly from information to action when presented with a compelling product.
These audiences are three points on the same participation curve from understanding, to discovery, to conviction, to execution.
Prediction markets were the proofMyriad Prediction Markets began as an experiment in whether an information audience could become a market network. Prediction markets were the natural first instrument because they are one of the purest ways to financialize information.
Decrypt Predict. Image: DecryptThe important question for us was not whether people wanted another place to trade predictions. It was whether people consuming information could become active market participants within the same experience.
More than $600 million in prediction market volume later, the answer is clear.
Along the way, we deployed Myriad across several ecosystems, experimented with automated market makers and order books, built a wallet and developed our own market infrastructure. Not every strategy worked as intended. At times, we optimized for becoming a conventional prediction market venue instead of concentrating on the larger relationship between information and participation.
But the underlying experiment succeeded. We built a new financial product from the ground up, distributed it through an existing information network and proved that passive content consumers could become active market participants.
Prediction markets were not the destination. They were the proof.
The Information ExchangePrediction markets are one financial expression of information. They will not be the last.
The Information Exchange expands the model across the broader financialized internet. Its fundamental unit is not an article, a token or a trade. It is the subject.
The Trenches/Meme Coin Situation Room. Image: DecryptMyriad can assemble reporting, data, market prices, probabilities and opportunities to participate.
Those opportunities will include
Prediction markets Spot markets Perpetual futures Structured event products New financial instruments. We do not need to manufacture every financial product we distribute. Myriad will continue to provide native market infrastructure while also integrating products from third party protocols and exchanges. The objective is to become the information and participation layer through which people discover, understand and interact with markets.
Supporting our continued media growth will be our in house agentic media operating system: designed to identify emerging subjects, organize data, curate intelligence, assist content production and connect relevant financial products to the infograph.
AMOS – Agentic Media Operating System. Image: DecryptThe MYR TokenMYR is the shared economic coordination layer of The Information Exchange.
MYR can be staked by participants responsible for secured network functions, including information verification and market resolution.
Applications, professional trading systems, data consumers and autonomous agents can stake MYR to access scarce network resources. These may include higher API throughput, low-latency market data, probability feeds, resolution infrastructure, programmatic market creation, execution services and premium intelligence.
MYR will also align the people supplying information, distribution, capital, liquidity and computation. Holders and stakers will receive benefits such as reduced transaction costs, enhanced data access and premium products or services.
Economic activity across The Information Exchange will generate revenue. Portions of network economics will be directed toward open-market acquisition of MYR, supply reduction (Buyback + Burn), staking incentives, network rewards, treasury funding and ecosystem development.
This creates demand connected to the use and growth of the network rather than to speculation alone. The purpose is not to attach a token to a collection of unrelated products. It is to give an expanding information network a common economic language.
One token, infinite possibilitiesThe history of Decrypt, Rug Radio and Myriad is the history of one idea becoming clearer.
The Information Exchange brings our accrued capabilities together. Prediction markets remain central to it because probabilities are among the clearest and most useful expressions of collective belief. But they are one product within a much larger opportunity.
We are building a network in which people can understand what happened, see what markets believe happens next and participate directly; a network in which creators and publishers can share in the financial activity their information produces.
In a world where everything is being financialized, including attention itself, people should be able to benefit from what they know and participate in the markets their activity helps create.
This was the founding purpose of Myriad. Everything we have built and learned has brought us back to it.
One network for information and participation. One unifying technical layer. One token connecting every product and every participant.
Expect a staggered product rollout over the coming weeks, leading into Solana Breakpoint.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Open Standard’s OUSD stablecoin has officially launched, backed by firms such as Coinbase, Stripe, Mastercard, and Visa. The stablecoin is available across four networks, including Ethereum and Solana. It also launched on exchanges such as Coinbase, Kraken, and Uniswap.
OUSD Stablecoin Goes Live Across Four Networks In a blog post, Open Standard announced that its stablecoin is now live, with the platform offering four integration paths through Coinbase, Stripe, Mastercard, and Visa. “All paths support mint and burn functionality at a 1:1 USD conversion rate, at no cost,” the post read.
The official launch of the OUSD stablecoin comes three months after Open Standard first unveiled it, backed by financial firms such as Coinbase, BlackRock, Ripple, among others. The stablecoin notably creates a collaborative governance system in which partners get to share earnings from its reserves.
Meanwhile, the OUSD stablecoin is supported natively on Ethereum, Solana, Base, and Tempo. It will also be available across exchanges starting with Coinbase, Kraken, and Uniswap, with plans to add other exchanges over time.
Bridge is the stablecoin’s issuer, while BlackRock, Lead Bank, and BNY hold the stablecoin’s reserves. Open Standard confirmed that it plans to release monthly attestations of the stablecoin’s reserves.
Commenting on the OUSD stablecoin launch, Open Standard CEO Zach Abrams said, “Stablecoins should be better money. Today, they fall short. OUSD is built to change that.” The Bridge co-founder recently left Stripe to become Open Standard’s full-time CEO.
OUSD is set to compete with existing stablecoins such as Circle’s USDC, Ripple’s RLUSD, and Tether’s USAT. It is worth noting that Circle’s stock fell on the day Open Standard first unveiled the stablecoin.
The CRCL stock is down again today as Circle now faces increased competition in the stablecoin market. The stock is currently trading at around $83, down over 1% today and 9% in the last five days.
Open Standard’s dollar stablecoin launched Wednesday on Ethereum, Solana, Base and Tempo, issued by Stripe’s Bridge, with Coinbase access starting Oct. 1.
Open USD stablecoin live, Stripe, Visa, Mastercard open access
Posted September 30, 2026 at 12:49 pm ET.
Open USD (OUSD), the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live on Wednesday, its operator Open Standard announced on X.
Businesses can start building with OUSD through Mastercard, Stripe and the Visa Stablecoin Platform now, with Coinbase access beginning Oct. 1. Each of the four integration paths lets businesses mint and burn the token at a 1:1 rate against the dollar at no cost, Open Standard said. The token runs natively on Ethereum, Solana, Base and Tempo, and will first be available to trade on Coinbase, Kraken and Uniswap.
OUSD is issued by Bridge, the stablecoin infrastructure firm Stripe owns, with reserves held at BlackRock, Lead Bank and BNY. Bridge will publish reserve attestations monthly.
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What Stripe Is Offering Stripe said OUSD will be available alongside the stablecoins it already supports. Developers can use it across Stripe’s stablecoin products, including Bridge orchestration, Privy embedded wallets and stablecoin cards through Stripe Issuing, and businesses can hold OUSD balances in Stripe Treasury and send them to crypto wallets in more than 100 countries.
Stripe pitched the token at high-volume cross-border businesses such as remittance and payroll companies, arguing that the variable fees to convert other stablecoins in and out of dollars make them expensive to use. Open Standard instead charges a small transaction fee. Ramp, an Open Standard partner, uses Stripe to run stablecoin accounts that will let its customers hold OUSD and earn rewards.
“OUSD offers businesses better economics than any other stablecoin,” Privy co-founder Henri Stern said in Stripe’s announcement.
Equity for Partners Open Standard unveiled the project in June with more than 140 partners. It now counts more than 200, and says partners earn rewards in proportion to the supply and activity they drive, along with a chance to earn equity in the company.
“The overwhelming majority of our cap table is going to be distributed back to founders and non-founders based on how they help grow the network,” CEO Zach Abrams said in an interview with CoinDesk. The five founders are also putting up more than $1 billion to seed OUSD’s supply at launch, Open Standard said on Sept. 24.
Abrams co-founded Bridge, which Stripe bought in a $1.1 billion deal announced in 2024.
Related Listen: Stripe Bid $53B for PayPal: Who Actually Wins Stablecoin Payments?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
EU MiCA-regulated stablecoin issuer AllUnity has announced the launch of its USD stablecoin USDAU, which maintains a 1:1 peg to the U.S. dollar through segregated reserves. The stablecoin will first be issued on Ethereum, Solana, Base, Tempo, Arc, and Polygon. This is AllUnity’s fourth fiat stablecoin, following the euro-pegged EURAU, Swiss franc-backed CHFAU, and Swedish krona-linked SEKAU. AllUnity CEO Alexander Höptner said USDAU aims to bring U.S. dollar liquidity into the European regulatory framework, providing a USD settlement tool for European enterprises’ global trade and cross-border payments. (Cointelegraph)
Bitcoin (BTC) maintains its position as the premier cryptocurrency investment as ETF-driven institutional interest accelerates. Ethereum (ETH) provides essential infrastructure for decentralized finance, stablecoin operations, and asset tokenization platforms. Solana (SOL) merges growing institutional participation with one of the industry’s most rapidly expanding ecosystems. Chainlink (LINK) stands to gain significantly as tokenized traditional assets gain traction in conventional finance. Hyperliquid (HYPE) represents the highest-risk option among these selections, though its expanding derivatives trading platform offers compelling fundamental support. Those seeking the best crypto to buy now are navigating a markedly different landscape than in previous market cycles. The role of institutional participants and exchange-traded funds has expanded considerably.
Cryptocurrencies demonstrating genuine utility are beginning to separate themselves from tokens dependent primarily on speculative momentum. For investors with longer time horizons, five digital assets warrant particular attention: Bitcoin, Ethereum, Solana, Chainlink, and Hyperliquid.
Bitcoin’s recent trading activity placed it near the $84,000 level. The leading cryptocurrency posted gains exceeding 40% throughout Q3 of the year.
American spot Bitcoin exchange-traded funds attracted approximately $2.4 billion in capital between September 21 and September 25. These figures indicate persistent institutional appetite despite periods of portfolio rebalancing.
Bitcoin Serves as the Foundation for Crypto Portfolios Bitcoin frequently represents the initial position for investors establishing long-term cryptocurrency exposure. Its protocol enforces a hard cap of 21 million coins.
Bitcoin (BTC) Price This immutable supply limit, paired with substantial market liquidity, distinguishes Bitcoin from alternative cryptocurrencies with smaller market capitalizations. The emergence of regulated investment vehicles has simultaneously lowered barriers to entry for retail participants.
Bitcoin is progressively viewed as an institutional asset class rather than purely a speculative trading vehicle. Strategy has expanded its treasury position to 847,666 BTC.
The return of capital flows into Bitcoin ETF products has introduced an additional demand dynamic.
Ethereum Underpins Digital Finance Infrastructure Ethereum presents a fundamentally different investment thesis compared to Bitcoin. It functions as the foundational layer supporting stablecoin networks, decentralized financial protocols, tokenized securities, and countless blockchain-based applications.
Corporate and institutional interest in Ethereum has intensified. American spot Ether ETFs have recently attracted several hundred million dollars in net inflows.
Current estimates suggest over 40 million ETH is actively staked on the network. This represents a substantial portion of circulating supply being committed to validation rather than available for trading.
Solana Draws Growing Institutional Attention Solana potentially delivers superior growth characteristics relative to Bitcoin or Ethereum, albeit with elevated risk factors. The blockchain has established itself among the most heavily utilized networks in the cryptocurrency sector.
High-speed transaction processing combined with minimal fee structures has enabled Solana to expand its decentralized finance and trading ecosystems. Institutional accessibility through regulated products continues to improve.
American Solana ETFs registered $5.4 million in net positive flows on September 29. This marked the seventh consecutive trading session with inflows.
Chainlink Bridges Blockchain Networks and Legacy Finance Chainlink delivers the oracle infrastructure and interoperability protocols enabling blockchain networks to interface with established financial systems. This functionality gains importance as equities, fixed income, and investment funds migrate to blockchain rails.
The protocol deployed CCIP 2.0 on September 28. The upgrade incorporates enterprise-grade capabilities including enhanced compliance frameworks and cross-chain security mechanisms.
According to Chainlink, CCIP has facilitated over $84 billion in cross-chain token transfers. Its partnership network now encompasses banking institutions, asset managers, and technology providers, including collaborations with Coinbase and Ondo.
Hyperliquid Presents Maximum Risk-Reward Profile Hyperliquid constitutes the most speculative selection among these options. The platform has developed into one of the cryptocurrency industry’s largest decentralized derivatives exchanges.
Data from DeFiLlama indicates the protocol maintains approximately $7.5 billion in total value locked. Trading activity reached roughly $210 billion in perpetual futures volume during the preceding 30-day period.
The majority of eligible platform fees generated by Hyperliquid are allocated to a treasury that purchases HYPE tokens. This mechanism establishes a direct correlation between trading volume and token buying pressure.
Hyperliquid simultaneously introduces greater valuation uncertainty, competitive threats, and execution challenges compared to Bitcoin or Ethereum.
These five digital assets each fulfill distinct roles within a diversified long-term cryptocurrency portfolio. Bitcoin and Ethereum establish the core positions, Solana introduces growth-oriented exposure, Chainlink provides infrastructure layer access, and Hyperliquid incorporates higher-risk, higher-reward potential.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitget initiates replenishment of its protection fund, transferring 2,000 BTC from cold wallets over nearly two hours.
On-chain analyst Ai Yi (@ai_9684xtpa) reports that Bitget has started replenishing its protection fund, with the fund size now back to $200 million. In the past two hours, 2000 BTC (valued at $166 million) was transferred from Bitget’s cold wallet to the protection fund address. The latest on-chain balance stands at 2484.71 BTC, worth $206 million, indicating that Bitget’s earlier commitment to “replenish $300 million within a week” is being fulfilled.
9 minutes ago
Perspective: BTC’s current rebound has temporarily lost directional momentum, and a trend reversal cannot yet be confirmed.
CryptoQuant analyst Axel Adler Jr. said BTC rose from around $76,000 to $87,000 between September 17 and 27, pushing the share of BTC in profit up from 65% to a peak of 73.8%. As of September 29, that figure had pulled back to roughly 72%, still below the long-term average of 76%. Separately, the fast and slow lines of the Bitcoin Impulse Performance indicator both dropped to 0 during September 29–30, with BTC price holding at around $83,000. Adler pointed out that a momentum reading of zero means the current rally has temporarily lost directional momentum, though a trend reversal cannot yet be confirmed. If the indicator falls further into negative territory while the profit supply share declines again, the signal of a weakening market will strengthen significantly.
9 minutes ago
Post-quantum security firm Project Eleven acquires Riva Labs to enhance its blockchain infrastructure capabilities.
Post-quantum security infrastructure firm Project Eleven has acquired post-quantum digital asset infrastructure provider Riva Labs. The specific acquisition amount was not disclosed. The deal brings Riva’s technology and intellectual property developed on Ethereum and other public blockchains into Project Eleven, strengthening the latter’s capabilities in post-quantum cryptography and blockchain infrastructure. Riva’s research areas include hash-based post-quantum signatures, post-quantum multi-party computation, account abstraction, wallet infrastructure, and hardware signing, including post-quantum signatures recently demonstrated on consumer-grade hardware.
9 minutes ago
Dunamu’s CEO plans to seek growth opportunities outside South Korea.
South Korea’s largest digital asset exchange Upbit’s parent company Dunamu CEO Oh Kyoung-suk stated at Korea Blockchain Week that the firm is pursuing growth opportunities outside South Korea, with the goal of linking Korea’s digital asset ecosystem to global financial markets. Dunamu plans to partner with Naver Financial to provide shared infrastructure for banks, securities firms, payment providers, and fintech companies, covering services such as trading, custody, asset transfer, and anti-money laundering. The two sides’ stock swap deal is scheduled to be completed by the end of this year, but it is still awaiting review by Korea’s Fair Trade Commission, and there is a possibility of a delay.
9 minutes ago
Anthropic CEO changes tune after White House dinner: AI poses risks, but the U.S. aims to "win safely"
Beating AI News Flash Two weeks ago, Anthropic CEO Dario Amodei publicly called on the AI industry to "hit the brakes" — but his tone has shifted noticeably after two dinners with Trump. After the White House lunch, he still acknowledged "very real risks" in AI, but no longer mentioned slowing down model development. Instead, he cited Trump’s statement: "Whoever wins AI wins everything." Amodei later said resolving these risks is "still under discussion", but everyone must work together to ensure the U.S. can both win and "win safely". He added specifically: "If we work with the president and everyone here, we can win safely." This marks a stark contrast to his stance two weeks ago. Back then, Amodei had written directly: "We must slow the pace of advancing AI model capabilities", arguing that continuing at the current rate could lead to more severe, unmanageable risks in the coming months. Trump then publicly opposed the slowdown, saying it would only allow China to catch up to the U.S., and labeled some AI disaster warnings as "hoaxes". The two, who had previously had a tense relationship, dined together twice this week. Amodei first had a private dinner with Trump on Sunday evening, then two days later attended the White House AI lunch, where he signed a voluntary safety agreement alongside Google, Meta, OpenAI, xAI, and Nvidia. Risks still exist, the slowdown call is gone, with the new buzzphrase being "win safely".
9 minutes ago
Whale Accumulates 24,706 $ZEC ($28.17M) Despite Price Drop
Despite the drop in $ZEC, whales are still accumulating! Two wallets, likely belonging to the same whale, withdrew 24,706 $ZEC ($28.17M) from #Binance and #Gate over the past month at an average price of $1,140.
Bitget initiates replenishment of its protection fund, transferring 2,000 BTC from cold wallets over nearly two hours.
On-chain analyst Ai Yi (@ai_9684xtpa) reports that Bitget has started replenishing its protection fund, with the fund size now back to $200 million. In the past two hours, 2000 BTC (valued at $166 million) was transferred from Bitget’s cold wallet to the protection fund address. The latest on-chain balance stands at 2484.71 BTC, worth $206 million, indicating that Bitget’s earlier commitment to “replenish $300 million within a week” is being fulfilled.
9 minutes ago
Perspective: BTC’s current rebound has temporarily lost directional momentum, and a trend reversal cannot yet be confirmed.
CryptoQuant analyst Axel Adler Jr. said BTC rose from around $76,000 to $87,000 between September 17 and 27, pushing the share of BTC in profit up from 65% to a peak of 73.8%. As of September 29, that figure had pulled back to roughly 72%, still below the long-term average of 76%. Separately, the fast and slow lines of the Bitcoin Impulse Performance indicator both dropped to 0 during September 29–30, with BTC price holding at around $83,000. Adler pointed out that a momentum reading of zero means the current rally has temporarily lost directional momentum, though a trend reversal cannot yet be confirmed. If the indicator falls further into negative territory while the profit supply share declines again, the signal of a weakening market will strengthen significantly.
9 minutes ago
Post-quantum security firm Project Eleven acquires Riva Labs to enhance its blockchain infrastructure capabilities.
Post-quantum security infrastructure firm Project Eleven has acquired post-quantum digital asset infrastructure provider Riva Labs. The specific acquisition amount was not disclosed. The deal brings Riva’s technology and intellectual property developed on Ethereum and other public blockchains into Project Eleven, strengthening the latter’s capabilities in post-quantum cryptography and blockchain infrastructure. Riva’s research areas include hash-based post-quantum signatures, post-quantum multi-party computation, account abstraction, wallet infrastructure, and hardware signing, including post-quantum signatures recently demonstrated on consumer-grade hardware.
9 minutes ago
Dunamu’s CEO plans to seek growth opportunities outside South Korea.
South Korea’s largest digital asset exchange Upbit’s parent company Dunamu CEO Oh Kyoung-suk stated at Korea Blockchain Week that the firm is pursuing growth opportunities outside South Korea, with the goal of linking Korea’s digital asset ecosystem to global financial markets. Dunamu plans to partner with Naver Financial to provide shared infrastructure for banks, securities firms, payment providers, and fintech companies, covering services such as trading, custody, asset transfer, and anti-money laundering. The two sides’ stock swap deal is scheduled to be completed by the end of this year, but it is still awaiting review by Korea’s Fair Trade Commission, and there is a possibility of a delay.
9 minutes ago
Anthropic CEO changes tune after White House dinner: AI poses risks, but the U.S. aims to "win safely"
Beating AI News Flash Two weeks ago, Anthropic CEO Dario Amodei publicly called on the AI industry to "hit the brakes" — but his tone has shifted noticeably after two dinners with Trump. After the White House lunch, he still acknowledged "very real risks" in AI, but no longer mentioned slowing down model development. Instead, he cited Trump’s statement: "Whoever wins AI wins everything." Amodei later said resolving these risks is "still under discussion", but everyone must work together to ensure the U.S. can both win and "win safely". He added specifically: "If we work with the president and everyone here, we can win safely." This marks a stark contrast to his stance two weeks ago. Back then, Amodei had written directly: "We must slow the pace of advancing AI model capabilities", arguing that continuing at the current rate could lead to more severe, unmanageable risks in the coming months. Trump then publicly opposed the slowdown, saying it would only allow China to catch up to the U.S., and labeled some AI disaster warnings as "hoaxes". The two, who had previously had a tense relationship, dined together twice this week. Amodei first had a private dinner with Trump on Sunday evening, then two days later attended the White House AI lunch, where he signed a voluntary safety agreement alongside Google, Meta, OpenAI, xAI, and Nvidia. Risks still exist, the slowdown call is gone, with the new buzzphrase being "win safely".
9 minutes ago
Whale Accumulates 24,706 $ZEC ($28.17M) Despite Price Drop
Despite the drop in $ZEC, whales are still accumulating! Two wallets, likely belonging to the same whale, withdrew 24,706 $ZEC ($28.17M) from #Binance and #Gate over the past month at an average price of $1,140.
Five Funds, One Payout Date21Shares, one of the world's largest issuers of cryptocurrency exchange-traded products, has announced its latest round of quarterly staking distributions across five US-listed ETFs: the Ethereum Staking ETF (TETH), Solana Staking ETF (TSOL), Hyperliquid Staking ETF (THYP), Sui Staking ETF (TSUI) and Polkadot Staking ETF (TDOT). Payments are scheduled for September 30, with an ex-dividend and record date of September 29.
The distributions convert onchain validator rewards into cash payouts for ordinary fund investors. Each ETF holds its respective proof-of-stake asset and commits a portion of those holdings to validators on the relevant network. The rewards that flow back to the fund are then passed through to shareholders in cash, net of expenses, on a quarterly basis.
The per-share amounts for this round are: $0.031602 for TETH, $0.076590 for TSOL, $0.191360 for THYP, $0.052939 for TSUI and $0.045029 for TDOT. The Hyperliquid Staking ETF (THYP) carries the largest distribution of the five. THYP is described by 21Shares as the first US spot Hyperliquid ETF, listed on Nasdaq, offering investors exposure to HYPE along with quarterly staking distributions without the need for a crypto wallet or exchange account.
Packaging Native Yield Inside a Traditional WrapperThe mechanics behind these payouts are straightforward. For a fund such as TSOL, a portion of the ETF's SOL is committed to validators on the Solana network. Those validators earn protocol rewards, which flow back to the fund net of fees and are then distributed to shareholders in cash. Reward rates are variable and are not guaranteed, and the amounts will differ each quarter depending on network conditions and validator performance.
The broader significance is structural. Crypto ETFs were originally designed to give investors simple price exposure to digital assets. This generation of staking ETFs goes a step further, packaging the native yield of proof-of-stake networks into a regulated, exchange-traded wrapper. For investors who previously had to run their own validators or use a third-party staking service to access these rewards, the ETF format removes that friction entirely.
It is worth noting that these funds are not registered under the Investment Company Act of 1940 and therefore do not carry the same protections as standard registered ETFs or mutual funds. Staking also introduces risks including validator slashing, liquidity constraints during asset lock-up periods and uncertainty around future reward rates.
Robinhood is pushing deeper into active trading with two major announcements: perpetual futures for eligible US customers and 24/7 weekend trading for select US stocks and ETFs, unveiled at the firm's HOOD Summit in Houston on September 29.
Crypto Perps Come to the US In the coming months, , with no expiration dates.
The weekend trading expansion remains subject to regulatory approval.
Sources:
Robinhood HOOD Summit 2026 Official Announcement
The Block: Robinhood to launch perps, weekend stock trading for US users
Bloomberg: Robinhood Debuts Weekend Trading, Perpetual Futures to Customers
The crypto market starts the month of October with multiple events likely to change the balance of power. Indeed, Bitcoin remains essential, however Ethereum, Solana, Chainlink, and BNB also have catalysts that would attract investors’ attention.
In brief Bitcoin remains at the center of the market, supported by flows to ETFs and the seasonality of October. Ethereum prepares a new stage of Glamsterdam with the Sepolia testnet scheduled for October 6. Solana bets on Alpenglow to significantly reduce transaction finality time. Chainlink enters October with CCIP 2.0 and new tools dedicated to interoperability. BNB Chain prepares the Jenner hard fork, expected on testnet before deployment in November. October 2026 concentrates several crypto catalysts Bitcoin closed the month of September around 84000 dollars after reaching levels unseen in many months. Moreover, the US Bitcoin ETFs have especially come back with significant inflows. Approximately 2.4 billion dollars were captured by these funds between September 21 and 25.
However, the macroeconomic context will remain crucial. On October 27 and 28, the Federal Reserve will meet. Therefore, US interest rates and mandatory yields remain capable of triggering strong fluctuations in risky assets.
Various events deserve particular attention in October :
Bitcoin behavior and flows to ETFs ; The Sepolia test of the Ethereum Glamsterdam upgrade on October 6 ; The expected deployment of Alpenglow on Solana ; The adoption of CCIP 2.0 at Chainlink ; The preparations for the Jenner hard fork of BNB Chain. Bitcoin and Ethereum remain the two references Bitcoin (BTC) remains the primary crypto to watch during October. Beyond its weight in the total valuation of the crypto market, it continues to set the pace for altcoins. Currently, institutional flows represent one of the essential indicators. Bitcoin ETFs recorded a significant return of capital at the end of September, after many more hesitant weeks.
Thus, October also benefits from a favorable reputation among investors. Bitcoin has closed this month up ten times out of thirteen between 2013 and 2025. Such seasonality, often called “Uptober”, does not necessarily guarantee an increase in 2026.
Regarding the crypto Ethereum (ETH), it has its own schedule. The network prepares Glamsterdam, its next major update expected in the fourth quarter. Starting October 6 with the Sepolia testnet fork, an important phase must occur.
The Glamsterdam upgrade should notably improve how Ethereum designs and verifies its blocks. Thus, the stakes go beyond the ETH price. The success of these tests will provide indications about developers’ ability to meet the planned schedule before transitioning to the main network.
Solana and Chainlink have technical catalysts Solana (SOL) would be one of the most watched cryptos during the month. The Solana Foundation plans the arrival of Agave 4.3 in October, with Alpenglow. This new consensus protocol aims for a finality close to 150 milliseconds, against nearly 12.8 seconds with TowerBFT.
It could be one of the most important technical changes in Solana’s history. The blockchain has already reduced its slot time and increased the maximum size of certain transactions in recent months. Alpenglow must push this latency reduction strategy much further.
Chainlink (LINK) also deserves a place in this selection. On September 28, the project launched CCIP 2.0. This new version of its interoperability protocol notably adds compliance tools, new verification options, and faster cross-chain transfers.
The timing is notable as tokenization of financial assets gains ground. Thus, the actual use of CCIP 2.0 by institutions or asset issuers will be one of the indicators to watch in October.
BNB completes the cryptos to watch in October This list is completed by BNB (BNB). BNB Chain is coming out of the Pasteur hard fork, which increased network capacities. The next project is Jenner, whose deployment on testnet is scheduled for the end of October before going live on the mainnet expected in November.
Jenner mainly aims to introduce a standard intended for assets compliant with regulatory requirements as well as an infrastructure reserving space in blocks for payments. BNB Chain thus wants to consolidate its positioning on stablecoins, payments, and tokenized assets.
Bitcoin, Ethereum, Solana, Chainlink, and BNB therefore present five different profiles. However, their interest for October relies less on a promise of increase than on institutional flows, technical upgrades, and concrete developments of their ecosystems. In a market still sensitive to Fed decisions, these catalysts will however have to be confronted with the macroeconomic context.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Solana is drawing renewed attention from institutional investors, driven by advances in real-world asset (RWA) tokenization through the Metaplex protocol. The network’s latest innovation, Metaplex’s MPL-3643, enables native on-chain issuance of permissioned assets with compliance and composability features designed to appeal to regulated institutions.
The Metaplex project, a leading developer of digital asset standards, has introduced MPL-3643 to allow institutions to tokenize physical assets directly on Solana, while meeting regulatory requirements such as permissioned access and restricted transfers. The protocol is engineered to ensure tokenized assets can still interact with existing Solana-based applications, preserving the network’s composability.
By offering this balance between compliance and interoperability, Metaplex aims to serve issuers searching for blockchain solutions that align with regulatory standards yet provide flexible on-chain trading capabilities.
Mini dictionary: Metaplex, a Solana-based protocol, establishes standards and tools for creating and managing digital assets. MPL-3643 by Metaplex is a standard for permissioned tokens, enabling regulatory compliance features such as restricted transfers and configurable permissions for real-world asset tokenization on Solana.
This dual approach has attracted institutions seeking to participate in blockchain networks without compromising compliance mandates.
Rising Network Activity and ETF DemandConcurrent with protocol developments, Solana has experienced robust activity on its decentralized exchange (DEX) platforms. Data from analytics provider SolanaFloor indicates that the network led all Layer 1 and Layer 2 blockchains in weekly DEX trading volume for 22 consecutive weeks. This sustained level of activity points to continued retail and institutional engagement across the Solana ecosystem.
Institutional demand has also been reflected in the market structure, particularly through the growth of U.S.-based spot Solana ETFs. Since July 13, these funds have accumulated approximately 4.37 million SOL, representing about $450 million in value and marking eleven straight weeks of positive net flows.
MetricValueWeekly DEX volume leader22 weeks (Solana)Total SOL held by ETFs4.37 million SOLApproximate ETF value$450 millionConsecutive weeks of ETF inflows11 weeksMarket analyst Ali Charts noted that persistent buying by these investment products could drive further accumulation and potentially encourage a breakout in the Solana price. The analyst highlighted a possible target around $150, but emphasized that this represents a projection, not an accomplished milestone.
Institutional buying pressure may support a move toward the $150 level for SOL, with the current structure reflecting robust demand, ongoing network participation, and increasing RWA developments.
Technical Outlook for SOLSolana has recently traded near $118 and reclaimed the $120-$125 price range following a recovery from lower levels. This zone is regarded as a key technical level, with further price action likely guided by support and resistance markers rather than predetermined trends. Sustaining momentum above support could reinforce confidence in the ongoing recovery, while a drop below may signal a potential slowdown in momentum.
Breakout above resistance would further validate Solana’s recovery pattern, while loss of immediate support could slow progress, leaving technical levels as critical references for market participants.
The evolving landscape includes institutional inflows, active on-chain participation, and new infrastructure for asset tokenization, positioning Solana at the forefront of composable and compliant blockchain solutions.
According to GMGN market data, the platform token STONK of Solana-based token launch platform StonkFun currently has a market capitalization of approximately $236 million, with a 24-hour rise of 27%, trading at $0.291, and a 24-hour trading volume of around $29.8 million.
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.
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Key Takeaways Solana’s price remains anchored around $120, sustaining critical support zones. US-based spot Solana ETFs have recorded positive inflows for 11 consecutive weeks. Technical analyst Ali Charts projects a potential climb to $150 for SOL. ETF capital inflows reached $188.21 million last week—the highest in nearly a year. Solana overtook competitors to become the top blockchain for tokenized commodities trading volume. Solana’s price hovered around the $120 mark on Tuesday, maintaining position above the crucial $116 support zone. The digital asset retreated slightly after approaching $125 during the previous week’s session.
Solana (SOL) Price This price action occurred alongside a broader cryptocurrency market rally, which saw total market capitalization climb 1.11% to $2.9 trillion over a 24-hour period. Bitcoin maintained its position near $84,000, while Ethereum sustained levels above $2,700.
Investment vehicles tracking Solana in the United States have now recorded 11 consecutive weeks of positive net inflows. According to analyst Ali Charts, these funds have collectively accumulated approximately 4.37 million SOL tokens beginning July 13.
SOLANA BREAKOUT INCOMING
US Spot Solana ETFs have accumulated roughly 4.37 million $SOL, worth around $450 million, since July 13.
That marks 11 consecutive weeks of net inflows.
With institutional demand continuing to absorb Solana, I’m watching for the next leg higher toward… https://t.co/MFkzEsSE1U pic.twitter.com/t326pdjRTh
— Ali Charts (@alicharts) September 29, 2026
In a post shared on X, Charts highlighted that the funds currently manage approximately $450 million in SOL holdings. “With institutional demand continuing to absorb Solana, I’m watching for the next leg higher toward $150,” he stated, establishing $150 as his projected upside level.
His calculation of 11 weeks of uninterrupted inflows extends through September 25. The most recent trading week was still in progress at the time of his analysis.
Weekly ETF Capital Reaches Highest Level in Nearly a Year Spot Solana exchange-traded funds in the United States captured $188.21 million in net inflows during the seven-day period concluding September 27. According to SolanaFloor, this marked the most robust weekly performance in 10 months.
Source: Solana Floor Bitwise’s BSOL product commanded the largest share with $128.46 million in fresh capital. Grayscale’s GSOL vehicle contributed $28.06 million, while Fidelity’s FSOL attracted $17.59 million.
According to SoSoValue tracking data, an additional $12.70 million flowed into these investment products on September 28. Aggregate net inflows across all Solana ETF offerings have now reached $1.62 billion, with combined net assets totaling $1.93 billion.
This sum represents approximately 2.76% of Solana’s overall market capitalization. In related developments, DeFi Development Corp disclosed it acquired roughly 47,706 SOL tokens since September 21, pushing its total position to approximately 2.54 million SOL.
Solana Captures Leading Position in Tokenized Commodities Market Decentralized exchanges operating on Solana facilitated $91.1 million in tokenized commodities transactions during the September 21-27 timeframe. This volume represented 28% of the $322.7 million total market, as reported by Blockworks.
Robinhood Chain secured second position with $81.3 million in trading activity, capturing approximately 25% market share. Notably, Solana’s portion of this market expanded from just 5% four weeks prior.
Canton Network registered $67.4 million in weekly transaction volume. Ethereum processed $62.6 million during the identical timeframe.
The total stablecoin supply on Solana reached $17.3 billion as of September 25, according to the network’s official metrics. However, DefiLlama’s Tuesday assessment placed the figure somewhat lower at approximately $16.37 billion.
From a technical perspective, the four-hour Relative Strength Index registered 55.99, suggesting strengthening momentum. The MACD indicator remained positioned below its signal line, while the histogram continued displaying negative values.
Market participants are monitoring $120 as the primary support threshold, with secondary support zones identified at $115 and $110. A successful breakthrough above $125 would bring $130 into focus, with the analyst community’s $150 target representing the longer-term objective.
Solana’s monthly active programs hit 7,699 in September, a figure that quietly tells a bigger story about the network’s expanding footprint. Data from Solscan shows that funded wallets on Solana surged to 16.10 million in September, representing a 38.5% increase from the prior month. Daily active addresses for stablecoins reached 888,000, a 269% jump year-over-year.
What counts as an active program The 7,699 figure represents programs that recorded at least one successful interaction during September. Think of Solana programs as the network’s version of smart contracts: pieces of on-chain code that do things when users poke them. Out of approximately 42,470 to 42,633 total programs deployed on the network, only 3,118 carried an “active” label based on sustained user interaction.
The breakdown by category reveals where the real action is happening. Arbitrage and sandwich bots led the pack with 877 programs. DeFi applications came in at 315, followed by cross-chain bridges at 288, gaming and casino projects at 222, and swap protocols at 168.
Among the most active individual programs over the trailing 30 days were Pump.fun AMM and Jupiter Aggregator v6. Jupiter has long been Solana’s dominant DEX aggregator, routing trades across multiple liquidity sources.
The wallet and stablecoin story The jump to 16.10 million funded wallets in a single month suggests a meaningful wave of new capital entering the Solana ecosystem. A funded wallet, by definition, holds some amount of SOL or SPL tokens.
Daily active addresses hitting 888,000 with a 269% year-over-year increase signals that Solana is becoming a preferred rail for dollar-denominated transactions.
What the sandwich bot dominance reveals The fact that arbitrage and sandwich bots represent the single largest category of active programs is worth sitting with for a moment. These programs front-run user transactions for profit. With 877 such programs active, Solana’s MEV economy is thriving. Solana’s low fees and fast block times make it especially attractive for these strategies, since the cost of failed attempts is negligible.
The dominance of MEV bots in the active program rankings also suggests that a nontrivial portion of Solana’s transaction count is driven by automated extraction rather than organic user activity.
Competitive positioning The diversity of active program categories, spanning DeFi, gaming, cross-chain infrastructure, and trading tools, indicates the network isn’t overly dependent on a single use case. With roughly 42,500 total programs deployed, the network has a substantial base of code to build on, even if most of it sits dormant. The ratio of active to deployed programs, roughly 18% using the 7,699 figure, compares favorably to most smart contract platforms where the vast majority of deployments never see sustained use.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Metaplex, the protocol best known as the backbone of Solana’s NFT ecosystem, is making its boldest move yet into regulated finance. The organization has launched MPL-3643, a new token standard designed specifically for permissioned real-world assets and tokenized securities on Solana.
The standard provides issuers with onchain compliance controls covering investor eligibility verification, jurisdictional limits, lockup periods, and transfer restrictions.
What MPL-3643 actually does The standard is modeled after Ethereum’s ERC-3643, which has become the go-to framework for compliant tokenized securities on that chain. MPL-3643 brings equivalent functionality to Solana, built natively on the network’s architecture.
Under the hood, it leverages three pieces of existing Solana infrastructure: the Token-2022 program, the Solana Attestation Service, and sRFC 37. Together, these components handle compliance enforcement without piling on significant per-transaction costs.
One of the more practical design choices is support for reusable investor verifications through partnerships with trusted identity services. Once an investor completes a compliance check, that verification can be used across multiple token offerings.
Stephen Hess, Metaplex’s founder, has emphasized that the goal is creating a compliance framework that doesn’t break Solana’s composability.
MPL-3643 will work with Orca, Raydium, Jupiter, Phantom, and Solflare from launch. Compliant assets can plug into existing trading venues and wallet infrastructure rather than being confined to bespoke platforms.
From NFTs to regulated securities Metaplex launched in 2021 as Solana’s foundational layer for digital assets, primarily focused on NFTs. The protocol powered the minting, trading, and metadata standards that defined Solana’s NFT ecosystem.
MPL-3643 is currently in a limited-access alpha phase. Issuers and developers can request access through Metaplex’s website, but broad public availability hasn’t been announced yet.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The RWA distributed asset value has reached $38.45 billion, while rising active addresses point to increasing activity around real-world assets. The latest data also puts Ethereum, BNB Chain and Solana at the front of the RWA market.
Ethereum leads with 2,696 RWA count and $16.5 billion in distributed total value. That gives Ethereum a 42.74% market share, putting it well ahead of the other major chains.
BNB Chain follows with 2,561 RWA count and $5.7 billion in distributed total value, representing a 14.73% market share.
Solana ranks third, with 1,682 RWA count and $4.3 billion in distributed total value. Its market share currently stands at 11.25%.
US Treasury Debt Remains The Largest Asset ClassAcross asset classes, US Treasury debt holds the top position with $14.7 billion in distributed total value and 99 RWA count.
Commodities come next at $5.0 billion, with 91 RWA count. Active strategies rank third, representing $4.0 billion across 47 RWA count.
Stocks tell a different story. The asset class currently has 5,918 RWA count, far higher than the other listed categories, while its distributed total value still stands lower at around $3.1 billion compared to other classes.
RWA Activity Keeps Expanding Across Major ChainsThe combination of $38.45 billion in total distributed asset value and rising active addresses shows that RWA activity is spreading across blockchain networks.
Ethereum remains the largest contributor, while BNB Chain and Solana hold the next two positions. For the RWA distributed asset value, the latest figures show a market led by major chains but expanding across multiple asset classes.
Story Ends Here
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Metaplex, the protocol famously known for building the token standard for Solana NFTs, has launched MPL-3643, a tokenization standard designed to bring permissioned real-world assets and tokenized securities directly onto Solana.
The standard addresses a core challenge in bringing regulated financial assets onchain: putting an asset on a blockchain doesn't mean everyone should be able to buy, hold, or transfer it.
MPL-3643 gives issuers tools to encode those restrictions directly into tokens while using Solana’s sub-second finality, high throughput, and low fees.
Automated Rules for Asset Transfers MPL-3643 lets issuers configure investor eligibility, transfer restrictions, jurisdiction limits, and lockup periods at the token level.
Before an asset changes hands, the system can check whether the receiving wallet meets the issuer’s requirements. For example, an issuer could restrict an asset to verified investors in specific jurisdictions or prevent transfers until a lockup expires.
That creates a different experience from ordinary permissionless tokens. Owning a Solana wallet would not automatically give someone access to every asset issued under MPL-3643. Eligibility would determine whether the wallet can receive or transfer a particular investment.
Metaplex built the standard on core Solana infrastructure, including Token-2022, sRFC 37, and the Solana Attestation Service. The company describes MPL-3643 as “bringing ERC-3643-equivalent functionality to Solana.”
“To bring financial markets onchain, we need compliance infrastructure without sacrificing Solana’s composability or promise of open markets. MPL-3643 provides that foundation, enabling existing public-market assets to fully move onchain while also unlocking new ways for private markets to reach global investors.” - Stephen Hess, founder of Metaplex.
One Verification Can Work Across Multiple Assets MPL-3643 also introduces reusable investor verification. Metaplex says the standard can integrate with trusted identity providers and the Solana Attestation Service, allowing investors to reuse verification across different issuers that support the standard.
That could reduce the need to submit the same information repeatedly when accessing different financial products. However, reusable verification does not create universal eligibility. Each issuer can set its own requirements, meaning verification for 1 asset would not automatically qualify an investor for another.
The distinction matters because MPL-3643 aims to make compliance checks more portable while preserving the restrictions attached to each investment.
Metaplex plans to integrate MPL-3643 with Orca, Raydium, Solflare, Jupiter and Phantom at launch. The integrations could connect permissioned assets with trading venues and wallets that Solana users already know.
The standard currently remains in limited-access alpha.
Another Step in Metaplex’s Expansion MPL-3643 arrives shortly after Metaplex launched Vantage, its customizable Solana trading terminal.
That product pushed Metaplex further toward the user-facing side of the market, giving traders tools to customize dashboards for charts, market data, order entry, and portfolio tracking.
The sequence shows a broader expansion from asset infrastructure toward asset discovery and trading. Genesis already gives teams infrastructure for token launches through Launch Pools, Auctions, and Presales, while Vantage targets the research and trading experience.
MPL-3643 adds another layer by addressing how regulated assets can enter the ecosystem and move between eligible participants.
Read More on SolanaFloor Solana ETFs Pull In Record $86.6M as Weekly Inflows Hit $188.2M
Solana Beats Robinhood to Lead Tokenized Commodities Trading for the First Time
Buoyed by rising prices and booming market activity, Solana DeFi is well and truly on the road to recovery.
After climbing 38% and amassing just under $2B in two months, Solana DeFi TVL has returned to its highest level since the devastating Drift Protocol hack, which saw $285M, and confidence in DeFi security, flood out of the network.
Which DeFi protocols are leading the charge and bringing capital back to Solana?
Solana DeFi TVL Returns to Pre-Drift Hack Levels Almost 6 months after one of the largest protocol hacks in Solana history, DeFi users are once again showing high trust in the onchain economy. Climbing over 38% in the past two months, Solana DeFi TVL has risen to $6.5B, marking its highest point since the Drift Protocol hack, an event that triggered deposit flight across the network.
After wallowing in a pit of price-induced despair for many months, Solana DeFi is enjoying its own renaissance. Alongside rising TVL, Solana monthly DEX volume is back to levels not seen since February, driven largely by a recent surge of memecoin activity among the network’s more speculative traders.
Naturally, much of Solana’s TVL growth is driven by rising $SOL prices. In the last two months, $SOL has climbed over 63%, rising from $73 to currently exchange hands at $118. During the same time period, the network’s $SOL-denominated TVL has slumped 15.9%, falling from 65.1M $SOL to 54.7M $SOL.
While the 15.9% decline looks concerning on paper, the fall is likely due to the speculative fervor sweeping the chain. After months of generating slow yield through Solana’s various DeFi apps, network participants are freeing up liquidity to trade rising volatility in onchain markets.
Sanctum Leads Rankings Despite Declining Liquid Staking Rates Having flipped former leaders Kamino and Jupiter earlier this year, Sanctum has established itself as Solana’s largest source of TVL. According to DefiLlama, Sanctum has amassed over $2.24B in TVL, climbing over 19.9% in the last 30 days.
Sanctum’s growth trajectory has been relentless. Solana’s largest Liquid Staking infrastructure provider, Sanctum’s $SOL-denominated TVL has consistently trended upwards in perpetuity, rising to over 18.78M $SOL.
Sanctum’s impressive growth comes in the face of a declining liquid staking rate across the wider network. According to Blockworks data, the share of staked $SOL that is currently liquid has dropped from over 15.7% in January to 12% today.
On the DEX front, Raydium boasts a strong lead in TVL terms. Blockworks reports that Raydium’s current TVL sits at just over $683M, considerably higher than rivals Meteora and Orca, with $332M and $303M, respectively.
Arguably, the difference comes from Raydium’s deep and expansive memecoin liquidity. Prior to the launch of PumpSwap, Raydium’s AMM served as the final destination for all graduating pump launches, making it the default trading venue for some of the network’s most iconic memes. More recently, tokens launched through Stonk have also found a home on Raydium, adding to its memecoin orbit.
Beyond memes, Raydium’s CLMM has more recently emerged as the primary venue for tokenized stocks, commodities, and other Foreign L1 assets.
This emerging trend is further reflected in Raydium’s recent revenue growth. According to 0xInfra, ~46% of Raydium’s trading revenue now comes from tokenized assets.
Read More on SolanaFloor Pump is back in the driver’s seat
Solana price has fallen below $120 after its rally stalled near $125, leaving traders focused on whether support around $117 can hold.
Summary
Solana price has retreated from $124.62 after failing to break the $125 level on the daily chart. Price has fallen below $118.75, while the 4-hour chart shows negative Chaikin Money Flow. The $117 area is the immediate test, followed by $116.32 and $112.50 if selling continues. A recovery above $120.29 would put the $124–$125 resistance area back in focus. SOL traded near $117.50 on Sep. 29, about 5.7% below its Sep. 27 high of $124.62. CoinGecko put the token near $117.85, down about 1.6% over 24 hours.
SOL began the past week near $115 and climbed toward $125 before giving back part of the advance. The reversal gathered pace after the token slipped below $120, a level it had crossed during the rally but could not hold on its latest attempt.
The retreat followed a sharp rise from the mid-September area near $97. SOL remains well above that level, but the move from $124.62 to roughly $117.50 has put the latest leg of the rally under pressure. The daily and 4-hour charts now place the next tests on opposite sides of the current price: support near $117 and resistance from about $120 to $125.
Why is Solana price down? SOL turned lower after approaching $125, which the daily chart marks as a major Murrey Math resistance level. The price reached $124.62 on Sep. 27, then fell over the following two days and moved below the indicator’s $118.75 level.
Solana price daily chart — Sep. 29 | Source: TradingView The charts show where the rally stalled and how far SOL has pulled back. They do not establish a single cause for the decline. The move is consistent with traders selling into resistance after the recent advance, while the 4-hour money-flow reading shows that selling pressure has increased over its measurement period.
On the daily chart, the 14-day relative strength index stood near 61, down from its recent highs and below its moving average near 64. The RSI remains above 50, meaning recent gains still outweigh losses over the indicator’s period. Its decline, however, shows that upward momentum has weakened since SOL approached $125.
The 4-hour chart gives a closer view of that change. SOL traded near $117.59, below the Bollinger Bands’ middle line at $120.29. Chaikin Money Flow had dropped to −0.15, a negative reading that points to increased selling pressure on that timeframe.
Solana price 4-hour chart — Sep. 29 | Source: TradingView SOL also traded close to the lower Bollinger Band at $116.32. A move beneath it would place the daily chart’s $112.50 level in focus. If buyers instead push SOL back above $120.29, the upper 4-hour band near $124.26 would become a nearby test before the $125 daily resistance level.
Analysts are watching the same area from different angles. Daan Crypto Trades said in a Sep. 29 post that SOL had moved above resistance at $117 and identified $148 as a possible target if that level held. His chart marks $117 as the support needed to keep that longer-range setup in place; SOL has not yet cleared the resistance near $125.
In a separate Sep. 29 post, analyst Batman said SOL had broken below a rising trendline. He said the token would need to reclaim both the trendline and a nearby support area to restore the earlier setup. His chart shows the risk of another rejection if SOL attempts that recovery but fails.
The difference between the two views rests on what happens around the current price. A hold above $117 would keep Daan’s identified support in play. A recovery through $118.75 and $120.29 would provide stronger evidence that buyers are regaining ground. Further losses would leave the broken trendline and lower chart levels in focus.
Can SOL hold $117 before another attempt at $125? CoinGlass’ three-day liquidation heatmap shows a cluster of estimated liquidations around $117, close to SOL’s latest price. It also shows bands above the market around $121–$123 and $125–$126.
Solana liquidation heatmap | Source: CoinGlass Those bands indicate where leveraged positions could face liquidation if SOL reaches the levels. They do not show that price will necessarily move toward them. The latest trace on the heatmap shows SOL falling back toward $117 after a brief move above $120 on Sep. 29.
The $117 area therefore carries immediate weight for both the price chart and the liquidation map. A break below it would bring the 4-hour lower Bollinger Band at $116.32 into view. The next marked level on the daily chart sits at $112.50, roughly 4% below SOL’s price near $117.50.
On the upside, SOL first needs to regain $118.75 and the 4-hour middle Bollinger Band at $120.29. A sustained move above those levels would put the heatmap’s $121–$123 bands ahead of the recent high at $124.62 and resistance at $125.
For now, the daily RSI shows that SOL retains part of its recent upward momentum, while the 4-hour chart shows sellers pressing the price below $120. Whether SOL holds around $117 will determine if the pullback remains contained or extends toward the next daily support at $112.50.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Renowned crypto trader Bonk Guy noted in a post that market sentiment toward PONS may have hit a long-term low. Its comparable project PUMP currently has a market capitalization of around $2.7 billion, up 17% on the day. PONS generates annualized revenue of roughly $156.8 million, with a market cap of $375 million, corresponding to an annualized revenue multiple of approximately 2.39x. For PUMP, annualized revenue stands at $463.6 million, with a market cap of $2.7 billion, translating to an annualized revenue multiple of 5.82x. PUMP is a leading launchpad in the Solana ecosystem, while PONS is the dominant launchpad on Robinhood Chain. If Robinhood Chain sustains a certain level of ecosystem activity moving forward, the gap between PONS’ current valuation and its revenue scale may be worth noting.
After briefly relinquishing its grip on the memecoin trenches, pump.fun is back in control of Solana’s fiercely competitive launchpad race.
Beyond its dominance of launchpads, data suggests the pump social trading app is gaining considerable ground on fomo, the market leader.
Having once again shrugged off emerging rivals, $PUMP has bounced 63% off recent lows, roaring back to an FDV of $5B.
Pump.fun Commands 73% of Launchpad Market Share Once again, pump.fun has weathered the storm, fighting off an emerging competitor to reclaim its lead as crypto’s most popular venue for launching memecoins. Despite recent challenges from Pons and Stonk, pump.fun has bounced back to lead all platforms in revenue, volume, and token deployments.
According to Blockworks data, pump.fun now commands over 73% of daily revenue share across launchpads. Pump’s reclamation of the lead comes following a period of uncertainty for the venue. Just two weeks earlier, the newly-recrowned market leader was ranked in 3rd position behind Stonk and Pons.
Consistent with its rising revenues, pump has also retaken the lead in token volume and deployments. Despite the novel challenges to token launch mechanisms offered by Pons and Stonk, onchain memecoin markets appear to have defaulted back to pump.fun as their primary launching infrastructure.
Fomo Volume Declines as Onchain Markets Cool After a blistering month, onchain trading activity is starting to lose some of its momentum. In the week ending September 27, onchain DEX volumes slipped to $48.9B across all chains, its lowest point in the last 30 days.
With speculative onchain trading activity slowing down, social trading apps like fomo have witnessed a slight decline in activity. On September 28, fomo recorded $162M in daily volume, marking a 26% drop from the $220M recorded one week earlier on September 21.
But despite declining volumes, fomo maintains a loyal user base. Dune Analytics data suggests fomo boasts over 105,000 daily active traders, while dominating all trading apps in sheer volume.
While pump has reclaimed the lead in the launchpad wars, fomo remains the clear winner in the social trading race. Blockworks data suggests around 21,000 accounts place trades on the pump app on a daily basis, representing just 20% of fomo’s userbase.
This hasn’t stopped the pump app from hitting all-time highs of its own, however. Pump’s internal data suggests the platform recently recorded a new all-time high in Solana-based volume, implying that Solana remains the default execution layer for memecoin trading.
$PUMP Bounces 63% Off Lows With competitors like pons and stonk relinquishing market share to pump, capital is pouring back into crypto’s leading launchpad. After tumbling as low as $0.0035, $PUMP has roared back to prominence, surging over 63% in the last two weeks to exchange hands at $0.0058.
Now generating over $13.6M in weekly revenue, pump has reaffirmed its position as one of the strongest businesses in the crypto industry. However, while the protocol has committed 50% of all platform revenue to token buybacks and burns, pump.fun’s current revenue does not completely offset the asset’s vesting schedule which issues ~7B $PUMP, worth $40.5M, to early investors each month.
Read More on SolanaFloor Ex-Binance and Ex-Polygon Talent Joins the Solana Foundation
Solana Foundation Strengthens Roster with New Appointments in Institutional Growth and Payments
Here’s Everything That Happened on Solana Last Week:
