Wall Street’s attention to digital assets sometimes emerges subtly, through consistent mentions in critical industry discussions before reaching broader recognition. Recently, Digital Asset Investor drew focus to XRP after referencing a JP Morgan warning that carries considerable weight in the current market climate.
JP Morgan flags market shift risk for HYPEJP Morgan analysts have warned that the HYPE token, issued by Hyperliquid, may see a decline in market share, citing the increasing prominence of Solana and XRP. The bank’s cautionary note followed a period of record ETF inflows that lost momentum in May and June. Digital Asset Investor emphasized the significance of XRP’s growing reputation as it appears more frequently in Wall Street discourse.
JP Morgan’s latest review positions XRP in direct competition with Solana, highlighting the potential for HYPE to lose traction if current trends persist and power shifts within the digital asset landscape accelerate.
The analysis suggests that as Wall Street’s focus develops, projects like XRP stand to benefit from broader market re-evaluations, particularly with current ETF activity slowing and investor attention shifting.
The XRP Ledger’s expansion in real-world asset tokenizationThe growing relevance of XRP is not merely speculative. Since January, the total value of tokenized real-world assets on the XRP Ledger has reached $4.4 billion, marking a 389.9% increase. This surge offers institutional participants tangible data points beyond price movements, according to analysts following the sector.
Tokenization of real assets on the XRP Ledger continues to draw institutional interest. The ongoing shift is steering XRP into infrastructure-level conversations within top financial circles. Integrating technical market tracking tools has become essential for investors aiming to react promptly to large-scale changes. In this context, platforms like CryptoAppsy, which requires no account creation hassle, combine crypto portfolios with real-time prices, advanced charts, and multi-currency management on a single screen. With smart price alerts, curated coin news, rapid altcoin discovery, and instant macroeconomic data such as Fed rates, CryptoAppsy helps investors maintain an edge amid evolving market conditions.
Settlement dynamics and the evolving global financial landscapeBlack Swan Capital analysts recently outlined a structural perspective on XRP, focusing on settlement demand within global finance. Historically, the US dollar’s dominance stemmed from its role as the primary asset in international settlements. However, with rising costs and shifting geopolitical considerations, the landscape is becoming increasingly multipolar.
The analysts explained that XRP is positioned at the intersection where settlement demand is migrating. As automated agents and emerging technologies select settlement solutions that optimize for speed and efficiency, XRP’s transaction characteristics become notably attractive for cross-border flows.
While the thesis does not anticipate XRP replacing the dollar as a reserve currency, it posits that XRP could absorb a larger share of the global settlement market, ultimately impacting its valuation as transactional demand rises.
Black Swan Capital’s view suggests that XRP, owing to its operational advantages, could capture significant settlement flows as automation drives a shift in the mechanics of international transactions.
Regulatory updates: The CLARITY ActOn the legislative front, Senate Majority Leader John Thune confirmed the CLARITY Act is scheduled for Senate review in September. Thune filed cloture on the legislation, while Senator Cynthia Loomis, a leading bill sponsor, reiterated her commitment by stating, “we’ve come too far to quit now.”
Market observers suggest that delays in passing the legislation may affect US venture activity more than pricing in digital assets directly. Nonetheless, JP Morgan’s mention of XRP alongside Solana in a market share caution indicates increasing institutional acknowledgment, adding XRP to risk frameworks used by major banks tracking the digital asset sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana (SOL) is exhibiting renewed bullish momentum after breaking above a falling wedge formation, with technical signals and large-scale investor activity drawing increased attention from the crypto community.
Technical breakout shifts momentumAt publication time, SOL trades at $76.43, posting a 1.3% gain in the last 24 hours. Trading volume stands at $1.2 billion, while the market capitalization has reached $44.5 billion. Analysts have noted an improving structure for SOL after buyers defended key support levels, resulting in a decisive breakout above the upper trendline of the falling wedge pattern.
Crypto analyst Gerla has underscored the significance of this move, stating that the breakout challenges the recent downtrend and may reflect diminishing selling pressure. If the price continues to hold above resistance, bulls could see momentum accelerating further.
The market has set its sights on $80 as the initial resistance level for SOL, with subsequent targets at $85 and $97.50. A break above these thresholds may reinforce positive sentiment around the asset.
Buyers defended critical support and pushed SOL above the pattern’s upper boundary, signaling stronger momentum. Should the price hold these levels, the prospect for a sustained recovery increases.
Whale activity boosts speculationOn-chain data reported by Lookonchain show that a recently created wallet has received 8.43 million USDC and initiated a 20x leveraged long position on 500,000 SOL, equivalent to approximately $22.78 million. The whale appears to be using a time-weighted average price (TWAP) strategy, steadily accumulating positions rather than executing a single large trade.
To date, 199,838 SOL valued at about $15.2 million have already been acquired, further fueling interest in the market’s next moves. These pending orders could inject additional buying pressure if fully executed, but analysts are also warning about the inherent risks. The high leverage employed means that any significant reversal in SOL’s price could expose the investor to swift liquidation.
The whale’s methodical accumulation, coupled with the large USDC reserves, is being closely monitored by traders. However, such activity does not in itself guarantee an upward trajectory for SOL.
While substantial whale accumulation and leveraged positions catch market attention, the outcome for SOL remains uncertain as broader crypto sentiment and BTC’s price action continue to play a role.
Market context and portfolio diversificationDespite the mounting bullish factors for Solana, the overall cryptocurrency market maintains a neutral outlook as Bitcoin trades around $64,000. A decisive push above $80 and $85 could strengthen the argument for a further rally toward $97.50, but market participants remain cautious given the potential for volatile reversals, especially under high leverage conditions.
As traders monitor technical developments and whale positioning, interest in platforms facilitating cross-asset investment is rising. For example, 1stepSwap stands out for enabling users to transfer real-world assets, including shares of leading U.S. companies and commodities such as gold and silver, directly onto the blockchain. Through its wallet-based interface, users can access and diversify their portfolios efficiently, benefiting from instant execution and optimal market prices without the need for intermediaries.
The coming days may prove critical for SOL, as a continued hold above recent breakout levels could reinforce bullish sentiment. However, the interplay of leverage and broader crypto market trends continues to shape near-term prospects for the asset.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana’s [SOL] derivative market shows a clear disconnect from its falling prices. This is because there is still a significant increase in the amount of leveraged coins being traded, while the dollar value of Open Interest (OI) has declined.
The USD-denominated OI currently sits at approximately $4.04 billion compared to about $7.70 billion last year. That represents a decline of around $3.66 billion and a corresponding decrease of about 47.5%.
Source: Alphractal On the other hand, the OI for Solana has increased by nearly 21.6 percent when compared to last year and has risen by 9.38 million to reach 52.87 million SOL. This indicates that traders hold more SOL exposure despite the lower dollar valuation.
Source: Alphractal Meanwhile, SOL trades near $76, far below its peak, explaining much of the USD OI contraction. More importantly, this divergence suggests derivatives have not experienced the broad deleveraging implied by dollar figures alone.
Moreover, speculative positions remain high because traders are maintaining large amounts of leverage relative to their holdings in coins.
Without significant spot buying pressure, it may create an environment where price movements become even more volatile due to the increased sensitivity of price movements to leverage.
As a result, Solana retains substantial liquidation fuel, although open interest alone cannot determine which side faces the next squeeze.
Against Solana’s already elevated derivatives exposure, one whale is now adding significant leveraged risk through a large directional bet. A new wallet deposited $8.43 million in USD Coin [USDC] before targeting a 500,000 SOL long position using 20x leverage.
So far, the TWAP order has filled 199,838 SOL, worth roughly $15.2 million, near a $75.985 average entry. Meanwhile, at the time, SOL traded around $75.94, leaving the filled position slightly underwater by roughly $8,888.
Source: X More importantly, because the TWAP will execute over some period of time, it will limit the whales’ immediate impact upon the market while steadily increasing long exposure. If the whale continues to accumulate SOL, there may be further support for longs.
However, due to the 20X leverage, margin calls are likely when SOL rapidly moves downward.
Solana’s supply shift raises the stakes for leverage Solana is considering two supply changes that would reduce SOL circulation through different mechanisms. SIMD-0550 would speed up inflation cuts, potentially removing 18.9 million SOL from future issuance.
Meanwhile, SIMD-0553 would change transaction fees based on how much computing power users consume. Solana would then burn those fees entirely, potentially raising daily burns from 650 to 7,500–9,000 SOL.
Together, slower issuance and higher burns could tighten supply, strengthening leveraged bullish positions if spot demand remains firm.
Final Summary Solana leverage remains elevated despite lower USD open interest, with a whale adding a 20x long position. Potential supply cuts could support SOL, but weak spot demand would leave growing leveraged exposure vulnerable to liquidation.
TLDR: Solana price holds a higher-low structure above $75, while a confirmed break through $78 to $78.70 could strengthen the path toward $80 and $82. Ali Charts identifies a parallel channel, TD Sequential buy signal, and MACD golden cross that could support a conditional move toward $100. US spot Solana ETFs recorded zero daily inflows on August 7, while total assets stayed near $869.97 million and historical net inflows held near $1.15 billion. SOL needs to defend $76 and $75 to preserve the short-term bullish structure, as a breakdown could expose $74 before stronger support near $72. The Solana price is testing a key technical area near $78 after extending a higher-low structure from the $72 support zone. SOL traded near $76.47 as the move keeps attention on resistance between $78 and $78.70, where a confirmed breakout could strengthen the case for $80.
Market analyst Ali Charts also identified a broader parallel channel pointing toward $100 if buyers clear the mid-range. Meanwhile, traders are balancing that setup against flat Solana ETF flows and renewed policy uncertainty around the CLARITY Act. That combination leaves price action dependent on technical confirmation rather than a single ETF session or policy headline.
2/5 Solana appears to be trading within a parallel channel.
A break above the mid-range near $78 could trigger a move toward the channel’s upper boundary around $100 for $SOL. pic.twitter.com/c0fU5BTmgp
— Ali Charts (@alicharts) August 9, 2026
Solana Price Breakout Faces a Critical Test Near $78 SOL has recovered since defending support at $72 and reclaiming $75. The four-hour structure shows a rising channel, while higher lows keep the trend constructive. However, the $78 area remains the barrier. A decisive break could open the way toward $80 before traders assess the next resistance near $82.
Ali Charts sees the same region as the key trigger for a broader move. His chart places Solana inside a parallel channel with its midpoint near $78. He also identified setup resistance around $78.70. Clearing that zone could shift attention toward the channel’s upper boundary near $100. The analyst also highlighted a daily TD Sequential buy signal and a MACD golden cross.
Momentum readings still require caution. The Relative Strength Index sits near 71.14, placing SOL slightly inside overbought territory. The MACD line remains above its signal line, while the positive histogram supports current upside momentum. Still, the histogram appears to be flattening, suggesting the pace of buying may be easing.
Support now sits close to $76, followed by the more important $75 level. A drop below $75 would weaken the rising channel and expose $74. Further selling could bring the stronger $72 support back into focus. Earlier Solana price analysis also identified the high-$70 area as an important technical zone.
Broader market conditions also matter. Bitcoin has tested the $65,000 area, while Ethereum has held above $1,900. The Senate has pushed further CLARITY Act consideration beyond the August recess, keeping regulatory uncertainty in focus. The Senate Majority Leader, John Thune, filed a procedural motion setting up consideration after lawmakers return.
Solana ETF Flows Stall as Assets Approach $870 Million United States spot Solana ETFs recorded no fresh inflows on August 7, based on SoSoValue data. Total net assets stood near $869.97 million, representing about 2.02% of Solana’s market capitalization. Historical net inflows held near $1.15 billion, while combined trading value reached roughly $40.63 million.
Source: Sosovalue data Bitwise’s BSOL led the category with about $594.45 million in assets and $27.48 million in daily trading. Fidelity’s FSOL followed with $125.41 million, while Grayscale’s GSOL held about $96.81 million. All listed products recorded zero daily inflows, although most fund prices gained more than 1.6% during that session.
SoSoValue’s broader crypto ETF tracker has recently placed aggregate Solana ETF assets near the same $870 million area. Daily flows can pause even when product assets stay elevated. That distinction matters when traders assess institutional demand alongside short-term price movement.
The next technical test remains concentrated around $78 and $78.70. Holding above $76 would preserve the immediate higher-low setup. A clean breakout could bring $80 and $82 into view, while the wider channel leaves $100 as a conditional target. Failure below $75 would shift attention back toward $74 and $72.
Solana (SOL) is maintaining a higher-low price pattern, trading above key support levels following a recent recovery from $72. As of the latest session, SOL changed hands near $76.47, with traders watching for a potential breakout above the $78 to $78.70 resistance range. Clearing this area would improve the case for advances toward $80 and $82.
Technical indicators suggest potential upsideMarket analyst Ali Charts, known for technical analysis in the digital asset space, identified a parallel channel on Solana’s price chart. According to his observations, a decisive move above the mid-range near $78 could open the door for SOL to target the channel’s upper boundary close to $100. He also cited a fresh daily TD Sequential buy signal and a MACD golden cross among bullish technical signals.
Ali Charts pointed to minor resistance at $78.70, suggesting that surpassing this mark could accelerate buying momentum. He outlined that the channel structure remains supportive as long as buyers defend rising lows.
Ali Charts highlighted a scenario where a breakout above $78 could trigger a move toward $100 within the established channel, noting, “A break above the mid-range near $78 could trigger a move toward the channel’s upper boundary around $100 for SOL.”
Momentum indicators continue to warrant caution. The Relative Strength Index currently stands at 71.14, edging slightly into overbought territory. The MACD line remains above its signal line, and a positive histogram confirms the current upward bias, though the histogram appears to be flattening, indicating a possible slowdown in buying strength.
Support levels are now identified near $76 and $75. A fall under $75 could weaken the bullish price channel and expose the $74 mark. Should selling pressure increase, stronger support may come into play at $72, which has previously shown to be effective in limiting losses.
ETF flows pause, assets near $870 millionSpot Solana ETFs in the United States recorded no net inflows on August 7, according to asset tracking firm SoSoValue. Total net assets for these investment products hovered close to $869.97 million, which accounts for about 2.02% of Solana’s market value. Over time, cumulative net inflows have reached nearly $1.15 billion, while total trading volume stands around $40.63 million.
Among the US-listed Solana ETFs, Bitwise’s BSOL led the segment with approximately $594.45 million in assets and $27.48 million in daily trading volume. Fidelity’s FSOL followed at $125.41 million, and Grayscale’s GSOL had $96.81 million. On the same day, no new daily inflows were recorded across these products, despite each fund experiencing a price increase of more than 1.6%.
SoSoValue reported that overall Solana ETF assets remain steady near $870 million, even as inflows temporarily stall. For institutional traders, this highlights that funds can retain significant capital despite daily net flows pausing.
ETF ProductNet AssetsDaily VolumeDaily InflowsBitwise BSOL$594.45 million$27.48 million$0Fidelity FSOL$125.41 millionN/A$0Grayscale GSOL$96.81 millionN/A$0Recent price action stays focused on the challenge at $78 and $78.70. If SOL can stay above $76, its immediate higher-low setup remains in place. Bulls point to $80 and $82 as potential next stops, while the broader technical channel leaves $100 as a conditional target. A drop below $75, however, could draw attention back to $74 and $72.
Clearing resistance at $78 and $78.70 remains pivotal for Solana. Failure to do so could put key support at $75 and $74 to the test in the near term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum dominated RWA markets as Solana strengthened, while tokenized assets expanded despite weakening DeFi and crypto-native trading activity.
Ethereum continues to hold a commanding position in the tokenized real-world asset (RWA) market, while Solana is emerging as the only other ecosystem to build significant spot trading activity, according to a new joint report by CoinShares and Token Terminal.
Other major networks, including Arbitrum, BNB Chain, and Base, have yet to develop meaningful RWA spot trading despite being operational for years.
Established Chains Lead The report attributed the gap to the concentration of liquidity and trading infrastructure on established networks, where asset issuers and market makers already benefit from active markets. As a result, newer blockchains are also competing to attract established DeFi applications.
There has been a sharp divergence between crypto-native trading activity and tokenized real-world assets over the past year. Between the second quarter of 2025 and the second quarter of 2026, aggregate spot DEX volumes fell by about 70%, while RWA spot trading volumes rose roughly 220% year over year from a much smaller base. The report said the trend suggests tokenized asset adoption is continuing independently of broader crypto market conditions, despite slower growth in recent quarters.
RWA Lending Builds Steam There is also a widening gap between overall DeFi activity and tokenized real-world assets. Between the second quarter of 2025 and the second quarter of 2026, total DeFi deposits declined by around 15% amid investor withdrawals and lower crypto asset prices.
RWA deposits, on the other hand, across lending platforms and decentralized exchanges, more than tripled. The figures rose from $2.3 billion to $7.4 billion. This trend points to growing demand driven by the financial utility of tokenized assets rather than crypto market conditions alone.
Ethereum remained the leading blockchain for RWA-backed lending as well, with nearly 70% of all real-world asset deposits allocated to lending platforms built on the network. This makes it the primary ecosystem for on-chain collateral.
You may also like: Base Passes Solana in Curated Capital Milestone (Flash News) XRP Gains Access to Institutional DeFi Lending Through FXRP on Ethereum Bitmine Buys Another 10,399 ETH, Treasury Nears 5.8 Million Coins Meanwhile, Plasma ranked second, supported by Aave’s expansion beyond Ethereum, while Solana’s growth was largely driven by Kamino, a native lending platform focused on productive uses for RWA collateral.
Solana price rose 1.40% to $76.47 over 24 hours, outperforming Bitcoin as institutional accumulation strengthened market demand. SOL has just crossed a significant downward trendline, still with a higher-low pattern around key support.
This formation implies that the bullish momentum is still in effect as the weekend approaches. The resistance is between $75 and $90, though SOL is currently trading in this broad supply range. A valid break above $90 might assist an upward movement to the psychological target of $100.
Meanwhile, Bitcoin price rose to over $65,000, Ethereum close to $1,920, and XRP close to 1.03. Political uncertainty continues after the Senate postponed its CLARITY Act vote until September. The stall came after the lawmakers left at their planned summer recess.
US Solana ETFs See Zero Inflows as Assets Near $870 Million The United States spot Solana ETF market registered no fresh inflows on August 7, according to SoSoValue. Total assets stood at $869.97 million, equal to 2.02% of Solana’s market capitalization. Meanwhile, combined trading value stands at 40.63 million. The historical net inflows were the same at $1.15 billion.
Source: Sosovalue data Bitwise’s BSOL dominated the category with $594.45 million in assets and $27.48 million traded. The FSOL of Fidelity was in the 2nd place at $125.41 million and the GSOL of Grayscale was at 3rd with 96.81 million. All listed products had zero daily inflows. However, most funds recorded market price gains exceeding 1.6% during the session.
Solana Price Outlook Signals Possible Rally Toward $80 The SOL price traded near $76.62 after extending its recovery within a rising four-hour channel. The latest session saw SOL increase by 0.24%, and bullish momentum was present.
Since it has recovered the support level of $72, SOL has been gradually rising. The recovery helped the token to rise over $75 and consolidate its short-term market structure.
An established breakout past the $78 mark may lead to the psychological $80 mark. Further momentum can subsequently favour an extension to $82 for long-term Solana forecast.
SOL/USDT 4-hour chart: TradingView The Relative Strength Index is 71.14 and SOL is marginally within the overbought area. Meanwhile, the MACD line remains above the signal line. Its positive histogram is consistent with the existing bullish view, but momentum seems to be smoothing out.
Solana price needs to maintain a balance above 76 to maintain its short-run upward pattern. The next significant support is close to $75, and it is accompanied by the lower boundary of the channel.
The bullish setup would be compromised by a decrease below 75 and reveal 74. Further losses may send SOL toward the stronger $72 support area.
In the meantime, the rising channel makes the $78 and the $80 reachable. A downward move below 75 would nullify the short-term gains.
US and South Korean Stock Price Previews for Monday: Samsung Projected to Open Up Over 2%, US Stocks to Edge Slightly Higher in Pre-Market Trading
During the weekend closure of traditional financial markets, "On-Chain Nasdaq" Trade.xyz uses perpetual contracts to enable continuous trading and real-time price discovery that traditional finance cannot achieve, pricing in the trends of Monday’s U.S. and South Korean stock markets in advance. Most of Trade.xyz’s popular U.S. stock assets trade above their Friday after-hours levels: SpaceX is priced at $135.90, up 1.34% from Friday’s after-hours price of $134.096; Marvell Technology at $220.97, up 1.03% from $218.7; Google at $357.57, up 0.8% from $354.7; Nvidia at $224.59, up 0.35% from $223.8; Intel at $101.93, up 0.24% from $101.68; Micron at $880.58, up 0.07% from $880.00; SanDisk at $1,219.05, down 0.08% from $1,219.98. Current price levels suggest U.S. stocks may see overall strong pre-market volatility on Monday. Popular South Korean stock perpetual contracts also rose: Samsung Electronics is at $167.62, up 2.3% from Friday’s closing reference price of $163.91; SK Hynix is at $1,019.25, up 0.8% from $1,009.
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The calm around Ethereum and Solana’s monetary policies is cracking. A quiet but consequential debate is spreading through both ecosystems, centered on a single uncomfortable question: are they overpaying for network security?
Galaxy Research Vice President Lucas Tcheyan framed the situation in a research note that puts both networks at a similar crossroads. Stakeholders are asking exactly how much token issuance is necessary to keep the chains secure, and whether current inflation schedules make sense. No decision has been reached. The conversation is still in its reassessment phase. But the fact it is happening at all signals a shift in how the market might think about long-term supply.
The Unanswered Security Equation Ethereum’s move to proof of stake was supposed to bring its inflation under control. And it did. Base issuance dropped dramatically, and fee burns via EIP-1559 often make the asset deflationary during periods of high activity. Yet the network’s security model still rests on paying validators enough to keep them honest, and that requires a steady stream of new tokens.
Solana faces a different version of the same math. Its inflation schedule was baked in at genesis, starting at 8% annually and declining toward a long-run rate of 1.5%. Validators, stakers, and token holders are now questioning whether that glide path is too generous, leaving more coins in circulation than is strictly needed for a network that has matured considerably since its launch.
Amid robust developer engagement—both chains continue to lead weekly developer activity rankings—the economic fundamentals are under fresh scrutiny because the cost of security is increasingly linked to token value, not just validator uptime.
What Lower Inflation Would Mean for Supply Tcheyan’s note points to a potential market repricing of ETH and SOL if stakeholders conclude that less issuance can still protect the networks. Lowering inflation rates would tighten the new supply hitting the market, altering the supply-demand dynamic that has been a headwind for both assets since the 2022 cycle low. For Ethereum, that could mean accelerating the path to structural deflation. For Solana, it would flatten an issuance curve that already faces selling pressure from validator rewards.
But the reverse risk is equally real. If the internal debate settles on maintaining or even raising inflation, the supply overhang would persist. That outcome is not priced in yet, and it is one that long-term holders in both camps are beginning to calculate more seriously.
Stakeholder Pressure, Not Protocol Edict The discussion is driven from the ground up. Network participants—validators, stakers, application developers—are the ones linking security costs with token economics. That linkage is not abstract; it reflects a growing awareness that a chain’s monetary policy can become a competitive differentiator. Networks that over-issue for security risk alienating capital allocators who are tired of dilution stories. Those that under-issue face existential questions if staking participation drops during a stress event.
No formal proposal is on the table in either ecosystem, and governance processes for changing something as fundamental as inflation are deliberately slow. The coming months will reveal whether this remains a theoretical exercise or evolves into concrete proposals that could shift the supply trajectories of the two largest smart contract platforms.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
A recent public exchange between cryptocurrency analyst ChartNerd and X user Illumination has reignited debate over XRP’s long-term outlook, highlighting an ongoing divide regarding its current adoption and future potential.
Analyst ChartNerd defends bullish view on XRPIllumination posted a critical assessment of XRP, arguing the token has not demonstrated sufficient adoption to support ongoing bullish sentiment. He described XRP’s positive momentum as largely driven by hype and expressed skepticism about claims circulated by paid promoters.
ChartNerd issued a direct response, emphasizing his belief that XRP could eventually exceed current market expectations. Instead of offering a specific price projection or timeframe, ChartNerd focused on the potential for XRP to challenge those who overlook its future trajectory.
Mark my words. In due time, $XRP is going to shock all of the doubters. They will be left behind and miss the greatest opportunities in nearly half a decade.
His comments point to a fundamental difference in perspective, as he underlined the importance of monitoring sentiment shifts and technical trends over time, rather than relying solely on current adoption figures.
Adoption metrics drive criticismIllumination justified his critical stance by comparing XRP Ledger’s adoption with leading blockchain platforms including Ethereum, Solana, and Stellar. He indicated that if XRP’s network activity or integrations were on par with those networks, a bullish view might be more justifiable.
The focus of his argument centered on measurable indicators such as stablecoin issuance, transaction volume, total value locked, and active addresses. According to Illumination, XRP lags behind its competitors in each of these categories, making it difficult to support an outlook disconnected from underlying data.
He encouraged observers to independently review network metrics and form their own conclusions, suggesting that price movements must eventually align with actual market adoption.
Adoption should be measured by concrete data points like transaction volume and integrations, not narratives. If XRP matched Ethereum, Solana, or Stellar in these areas, I would understand the bullish argument. But the numbers do not currently reflect that reality.
Future prospects and market accessThe exchange underscores a broader question about how assets like XRP should be evaluated—whether by their potential for future growth, as ChartNerd believes, or by present network statistics, as Illumination claims.
For market participants tracking blockchain projects, accessible and transparent trading platforms have become increasingly important. Solutions like 1stepSwap simplify this process by bridging traditional finance and the digital asset sector. Through direct tokenization of real-world assets (RWAs) on blockchain, users can add exposure to major US equities and commodities like gold or silver without intermediaries or complex onboarding. The platform delivers the best available market price instantly, enabling users to diversify portfolios seamlessly and efficiently.
The disagreement between the two analysts continues to reflect a division within the crypto community: some prioritize potential and emerging trends, while others focus on hard data and present-day metrics. Currently, neither camp offers conclusive proof for their position, and the future trajectory of XRP remains an open question.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana is showing renewed technical strength as its native token, SOL, surged above a key descending trendline, signaling a shift in market sentiment. Recent price action has put the spotlight on short-term resistance levels between $77.50 and $98, with analysts indicating that a confirmed move beyond these levels could pave the way toward a $120 target.
Technical breakout follows prolonged consolidationAfter weeks of consolidation, Solana has attempted a bullish breakout from a large symmetrical triangle pattern on the daily SOL/USDT chart. The token recently moved above the descending resistance line near $75, aligning with chart analysis by Ted Pillows, an independent analyst. This move suggests the long period of volatility compression may be coming to an end, potentially unleashing further upward momentum.
SOL is currently trading near $76.56, marking a daily gain of approximately 3.9%. This upward push allowed the token to overtake the trendline that has constrained growth since the market reached near $99 earlier in the year.
The identified triangle consisted of converging trendlines: a descending resistance line and a rising support line that originated around the June low at $60. As prices repeatedly bounced off rising support, volatility continued to narrow until the latest breakout attempt.
The immediate technical question is whether SOL can confirm this move. A daily close above the previous resistance zone at $74–$75, supported by further buying, would reinforce the bullish case. The next resistance cluster is situated between $77.50 and $80, a region where multiple rallies have previously stalled.
If buyers succeed in defending the former breakout area, now viewed as support near $74–$75, it would suggest an improving market structure. Below that, the rising trendline around $72–$73 serves as a secondary support level. Conversely, a decisive break below these zones would risk invalidating the bullish outlook stemming from the triangle formation.
Technical analysis points to Solana needing to hold above $74–$75 and move past resistance at $77.50–$80 to keep the bullish pattern intact. A confirmed breakout could lift targets toward $120 if follow-through buying continues.
For now, upbeat momentum gives Solana bulls a technical advantage. However, market participants are closely watching for confirmation through sustained closes above resistance, as well as durable support retests.
Key levels and $120 target in focusAnalyst Michaël van de Poppe, known for his technical analysis in digital assets, highlighted a higher-low structure supporting the bullish recovery scenario. His daily Solana chart shows SOL holding the support region in the low $70s after rebounding from its June deviation, suggesting that maintaining this structure gives buyers a fresh opportunity to challenge nearby resistance before aiming for $120.
SOL is currently positioned near $74.82 on van de Poppe’s chart, sitting at a critical horizontal support area that traders are watching closely. This level became prominent after Solana spent several months trading in a wide band between the mid-$60s and near $98. A brief drop below this range in June proved temporary, as the token quickly recovered, forming what is now seen as a meaningful higher low.
The chart indicates the next immediate target is the $85–$88 band, considered the first major test for continuing upward momentum. Should SOL clear this area, the next significant resistance awaits near $97.89—the upper limit of the earlier multi-month trading range.
LevelSupport/ResistanceSignificance$74–$75SupportBreakout confirmation zone$77.50–$80ResistanceMultiple failed rallies$85–$88ResistanceInitial bullish test$97.89ResistanceRange high$120–$127TargetAnalyst projectionVan de Poppe’s analysis indicates that, if these resistance points are surpassed while support levels are maintained, SOL may attempt a rally toward the $120–$127 region. This scenario hinges on the higher-low structure holding firm; a breakdown below the low-$70s would challenge the bullish view and bring the June lows back into play.
The analyst’s target reflects market optimism for Solana’s medium-term outlook, as long as technical levels continue to align with positive momentum. Traders are now monitoring whether SOL can build upon this breakout, paving the way for a stronger advance in the coming weeks.
Mini dictionary: Symmetrical triangle, a chart pattern formed by two converging trendlines that represents a period of consolidation, often resolving with a breakout in either direction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Galaxy Research Vice President Lucas Tcheyan said on Aug. 7 that Ethereum and Solana are confronting a similar policy question: how much token issuance is needed to pay for network security, and when does that security budget become more costly than useful? The debate is moving through proposal processes on both networks, but neither blockchain has approved an inflation change.
Summary
Ethereum’s tapered issuance proposal is now EIP-8363, after editors reassigned its initially reported proposal number. EIP-8363 would burn rising validator rewards and remove issuance incentives near a 50% staking ratio. Solana’s SIMD-0550 would double annual disinflation to 30%, cutting projected emissions by 18.9 million SOL. Solana governance requires two-thirds support from decisive stake after proposals complete an eleven-epoch voting process. Galaxy says both networks are reassessing security budgets, with no final inflation changes approved yet. One important update concerns Ethereum’s proposal number. Galaxy initially referred to the Tapered Issuance Burn proposal as EIP-8361. Ethereum’s EIP editors later assigned it EIP-8363 because EIP-8361 had already been allocated elsewhere. The EIP-8363 pull request remained open as of Aug. 9, and an editor requested changes on Aug. 6.
Ethereum proposal would taper rewards as more ETH is staked EIP-8363 would burn a growing share of consensus layer validator rewards as Ethereum’s staking ratio rises. The burn fraction would reach 100% around a 50% staking ratio, removing new issuance as an incentive for additional staking beyond that level. The authors propose an 18 month transition because applying the full mechanism immediately would sharply reduce validator returns.
Galaxy estimated that, with roughly one third of ETH staked, consensus layer yield would fall from about 2.6% to 1.2% under the full design. MEV and priority fees would remain outside the proposed burn. Those figures describe a modeled outcome, not an approved change to Ethereum’s monetary policy.
The Aug. 6 All Core Developers Consensus agenda listed Tapered Issuance Burn among proposals being considered for Hegotá. The agenda explicitly said the meeting was not a decision to include or schedule those proposals. No network vote or activation date has been set.
Meanwhile, SharpLink CEO Joseph Chalom opposed the issuance change, arguing lower staking returns could make ETH less attractive to institutions and raise financing costs in DeFi. Those outcomes remain forecasts. As crypto.news previously reported, supporters instead argue Ethereum may be paying more issuance than necessary as staked ETH rises.
Solana proposals target emissions and transaction burns Solana is considering two separate changes. SIMD-0550 would double annual disinflation from 15% to 30% while keeping the terminal inflation floor at 1.5%. The technical proposal was merged into Solana’s improvement document repository on July 23 with Review status, but that does not activate the change.
SGP-0002 asks validators and delegators whether Solana should pursue the faster schedule. Its authors estimate the change would bring the terminal rate forward from about 5.7 years to 2.8 years and produce roughly 18.9 million fewer SOL in emissions over six years. The “18.9 million SOL” reduction is a projection, not a guaranteed change in supply.
SGP-0003 addresses fees. It backs SIMD-0553, which would add an inclusion fee and a resource based fee tied to transaction resource use, with the resource component burned in full. Galaxy cited estimates that daily burns could rise from roughly 650 SOL to between 7,500 and 9,000 SOL under recent network conditions.
However, the burn estimate is already being refined. On Aug. 9, SIMD-0553 author cavemanloverboy said he had been told earlier estimates were “misleading” and published optimistic and pessimistic bounds using the previous month’s traffic. He also noted that contract optimization and other behavioral changes could reduce future burns, meaning the eventual level cannot be treated as fixed.
Solana governance still stands between proposals and activation Galaxy said SGP-0002 and SGP-0003 each secured support from at least 15% of active stake, enough to advance under Solana’s new onchain governance process. Under the official governance rules, reaching that threshold starts an 11 epoch sequence: seven epochs for discussion, one for a stake snapshot and three for voting.
A proposal passes only if For votes represent at least 66.67% of decisive stake, meaning For plus Against votes. Abstentions are excluded, and there is no separate quorum requirement. Even a successful SGP is a directional mandate rather than automatic code activation; the associated SIMD still needs development and feature gate deployment.
The process follows Solana’s earlier difficulty in changing inflation. SIMD-0228 failed in March 2025 despite 61.39% support because it did not reach the required two thirds approval level. More recently, Solana introduced its SGP framework to separate stake weighted policy signals from technical SIMD review.
What happens next for Ethereum and Solana inflation Ethereum developers will continue reviewing EIP-8363 and deciding whether it should progress toward Hegotá. The proposal remains an open pull request, and the Aug. 6 developer meeting treated it only as a candidate for further consideration. Any adoption would require more review, agreement on upgrade inclusion and client implementation.
Solana’s path is tied to its governance clock. SGP-0002 and SGP-0003 must complete discussion, stake snapshot and voting stages before either direction is accepted. Technical activation would follow separately. For now, the proposals alter expectations about future ETH and SOL supply rather than either network’s current issuance rules.
Galaxy’s broader view is that both communities are reassessing the price they pay for security as their networks mature. The firm argues lower issuance may improve scarcity at the margin, but demand for blockspace and applications remains the stronger long term driver of token value. With no final decision, any repricing of future supply remains dependent on proposals still under debate.
Solana tabanlı meme coin Jimothy The Raccoon (JIMOTHY), Elon Musk’ın X hesabında bir rakun videosu paylaşmasının ardından sert yükseliş yaşadı. Musk’ın paylaşımında JIMOTHY’den doğrudan bahsedilmemesine rağmen token kısa sürede yatırımcıların dikkatini çekti. JIMOTHY fiyatındaki hareket, sosyal medya paylaşımlarının düşük piyasa değerine sahip meme coinler üzerindeki etkisini bir kez daha ortaya koydu.
JIMOTHY Fiyatı Neden Yükseldi? JIMOTHY, Elon Musk’ın Cumartesi sabahı X hesabından bir rakun videosu paylaşmasının ardından yüzde 331’e varan yükseliş gerçekleştirdi. Söz konusu video kısa sürede yüz binlerce izlenmeye ulaşırken, yatırımcıların rakun temalı meme coinlere yönelmesi JIMOTHY üzerindeki alım baskısını artırdı. Paylaşımda JIMOTHY tokenine doğrudan bir gönderme bulunmamasına rağmen piyasanın bunu token için pozitif bir katalizör olarak değerlendirmesi dikkat çekti. Bu durum, özellikle düşük piyasa değerine sahip meme coinlerde sosyal medya trendlerinin fiyat üzerindeki etkisinin ne kadar güçlü olabileceğini gösteriyor.
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Yükselişin ardından JIMOTHY’nin fiyatı 0,0162 dolar seviyesine kadar çıktı. Tokenin piyasa değeri yaklaşık 16,2 milyon dolara ulaşırken, 24 saatlik işlem hacmi de 25,4 milyon dolar seviyesine yükseldi. Temmuz 2026’da Solana’nın Pump.fun platformunda piyasaya sürülen JIMOTHY, adını internette viral hale gelen bir Seattle rakunundan aldı. Token daha önce de rakun temalı içeriklerin sosyal medyada ilgi görmesiyle sert fiyat hareketleri yaşamıştı.
Elon Musk Etkisi Yeniden Gündemde Elon Musk’ın sosyal medya paylaşımlarının meme coin piyasasında fiyat hareketlerini tetiklemesi yeni bir gelişme değil. Daha önce Musk’ın farklı meme coinlerle ilişkilendirilen paylaşımları ve sosyal medya hamleleri bazı tokenlerde kısa sürede yüksek oranlı yükselişler yaratmıştı. JIMOTHY’de yaşanan son hareket de benzer bir tablo ortaya koyuyor. Ancak geçmiş örneklerde olduğu gibi sosyal medya ilgisinin azalmasıyla fiyatlarda sert geri çekilmeler yaşanabileceği unutulmamalı.
JIMOTHY Yükselişi Kalıcı Olabilir mi? JIMOTHY’nin mevcut yükselişi büyük ölçüde sosyal medya ilgisi ve yatırımcı duyarlılığı tarafından destekleniyor. Bu nedenle yükselişin devamında işlem hacminin korunması ve tokene yönelik çevrim içi ilginin sürmesi kritik olacak. Düşük piyasa değerine sahip meme coinlerde fiyat hareketleri oldukça sert olabildiğinden, mevcut yükselişin kalıcı bir trend oluşturup oluşturmayacağı henüz net değil. Özellikle Musk’ın paylaşımının yarattığı etkinin azalması halinde JIMOTHY fiyatında yüksek volatilite görülmesi mümkün.
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Pump.fun’un Solana satışları devam ederken SOL fiyatında 71,95 dolar seviyesi kritik destek olarak öne çıkıyor. Son olarak Kraken’e 6,25 milyon dolar değerinde SOL transfer eden Pump.fun’un toplam satış miktarı yaklaşık 807 milyon dolara ulaştı. Buna rağmen Solana’nın önemli destek bölgesini koruması ve büyük yatırımcıların yükseliş yönlü pozisyonlarını sürdürmesi, piyasada toparlanma ihtimalinin tamamen ortadan kalkmadığını gösteriyor.
Pump.fun Satışları Solana Üzerinde Baskı Oluşturuyor Pump.fun, 7 Ağustos’ta Kraken’e yaklaşık 6,25 milyon dolar değerinde 84.789 SOL transfer etti. Lookonchain verilerine göre platformun toplam SOL satışları yaklaşık 4,82 milyon adede ve 807 milyon dolar değerine ulaştı. Satışların ortalama fiyatının ise yaklaşık 167,40 dolar olduğu belirtildi. Yüklü transferlere rağmen SOL fiyatının 71,95 dolar desteğinin üzerinde kalması dikkat çekiyor. Bu durum, piyasadaki alıcıların Pump.fun kaynaklı satışların önemli bölümünü karşılamaya devam ettiğini gösteriyor. Ancak borsalara yeni SOL transferlerinin sürmesi, spot talebin zayıflaması halinde fiyat üzerindeki baskının artabileceğine işaret ediyor.
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Pump.fun satışlarına rağmen Binance üzerindeki büyük yatırımcıların Solana konusunda pozitif pozisyonlarını koruduğu görülüyor. En Büyük Trader Uzun/Kısa Oranı 3,28 seviyesine ulaşırken, uzun pozisyon taşıyan hesapların oranı yüzde 76,64 oldu. Kısa pozisyonların oranı ise yüzde 23,36 seviyesinde kaldı. Bu tablo, büyük yatırımcıların önemli bir bölümünün SOL’da yükseliş beklentisini sürdürdüğünü gösteriyor. Ancak uzun pozisyonların bu kadar yoğun olması farklı bir risk de oluşturuyor. SOL fiyatının 71,95 dolar desteğinin altına gerilemesi halinde kaldıraçlı pozisyonlarda tasfiyeler başlayabilir. Böyle bir hareket, mevcut satış baskısının daha da güçlenmesine neden olabilir.
Pozitif Fonlama Oranı Dikkat Çekiyor Solana vadeli işlem piyasasında OI ağırlıklı fonlama oranı yüzde 0,0047 seviyesinde pozitif kalıyor. Pozitif fonlama, uzun pozisyon taşıyan yatırımcıların piyasada ağırlığını koruduğuna işaret ediyor. Bu görünüm, Binance üzerindeki güçlü uzun pozisyon oranıyla da örtüşüyor. Ancak pozitif fonlama oranının uzun süre yüksek kalması, piyasada aşırı kaldıraç birikmesine neden olabilir. Pump.fun satışları devam ederken spot piyasadan yeterli talep gelmemesi durumunda, uzun pozisyonların çözülmesi SOL fiyatındaki düşüşü hızlandırabilir.
SOL fiyatı son dönemde 71,95 dolar desteği ile 78,07 dolar direnci arasında sıkışmış durumda. Alıcıların 71,95 doları savunması, fiyatın 67,48 dolara doğru daha derin bir düşüş yaşamasını şimdilik engelledi. Buna karşın 78,07 dolar direncinin aşılmaması, yükseliş momentumunun henüz güç kazanamadığını gösteriyor. Teknik göstergeler de piyasadaki kararsızlığı destekliyor. Bu nedenle kısa vadede iki seviye özellikle takip ediliyor. 78,07 doların aşılması halinde SOL için 84 dolar bölgesine doğru yeni bir hareket gündeme gelebilir. Buna karşılık 71,95 dolar desteğinin kaybedilmesi durumunda gözler 67,48 dolara çevrilebilir.
Değerlendirme Solana üzerindeki Pump.fun kaynaklı satış baskısı henüz sona ermiş değil. Buna rağmen SOL’un 71,95 dolar seviyesini koruması ve büyük yatırımcıların uzun pozisyonlarını sürdürmesi, alıcıların piyasadan tamamen çekilmediğini gösteriyor. Önümüzdeki süreçte Pump.fun’un yeni SOL transferleri, spot talep ve 71,95 dolar desteğinin korunup korunamayacağı belirleyici olacak. SOL bu seviyenin üzerinde kalmayı başarır ve 78,07 doları aşarsa toparlanma ihtimali güçlenebilir. Aksi durumda 67,48 dolar desteği yeniden gündeme gelebilir.
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A crypto whale has accumulated LINK worth $3.22 million over the past 30 days.
According to Onchain Lens monitoring, a whale has accumulated 387,830 LINK tokens from Binance over the past 30 days, worth approximately $3.22 million. Thirteen hours ago, the whale transferred his entire LINK holding to his Safe wallet.
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194 companies on South Korea’s KOSDAQ market have market capitalization below the delisting threshold, accounting for 10.6% of the market’s listed companies.
As of August 7, 194 listed companies on South Korea’s KOSDAQ market have market capitalizations below the threshold for designation as administrative stocks, accounting for 10.6% of the market’s total 1,820 listed firms; 41 such companies are listed on the KOSPI market. Since July 1, KOSDAQ’s market cap threshold has been raised from 15 billion won to 20 billion won, while KOSPI’s threshold has been lifted from 20 billion won to 30 billion won. Companies whose market capitalization remains below the threshold for 30 consecutive trading days will be classified as administrative stocks. Once in this category, firms must restore their market cap to above the threshold for 45 consecutive trading days within 90 trading days; failure to do so will trigger delisting procedures. On the stock price front, 48 listed companies have disclosed risks of being designated as administrative stocks due to their share prices staying below 1,000 won for 25 consecutive trading days, including 38 on KOSDAQ and 10 on KOSPI. If the relevant companies fail to record any trading day with a share price of 1,000 won or higher by August 12, they may be classified as administrative stocks starting from the next trading day. (NATE)
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SK Hynix is considering selling its stake in its Chongqing plant to support large-scale domestic investments in South Korea.
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A man was sentenced to 1.5 years in prison in the second instance for leaking SK Hynix's trade secrets to a Chinese company.
According to Yonhap News Agency, former SK Hynix China local subsidiary employee Kim (South Korean national) was sentenced to 1 year and 6 months in prison in the second instance for leaking the company’s business secrets to a Chinese firm. In 2022, Kim intended to switch jobs to Chinese enterprises including Huawei’s subsidiary HiSilicon. He violated the company’s security rules by printing or photographing a large volume of cutting-edge technology and business secret documents related to CIS (CMOS image sensors) from the internal document management system, and directly quoted parts of the content in his resume submitted to the Chinese company, completing the leak. Prosecutors indicted Kim on charges including violations of the Industrial Technology Protection Act, the Unfair Competition Prevention Act, and breach of trust. The first-instance court found Kim guilty of leaking business secrets, sentencing him to 1 year and 6 months in prison, but acquitted him of charges related to Hybrid Bonding technology, stating that the technology had not been included in the Ministry of Trade, Industry and Energy’s list of advanced technologies at the time. Criminal Division 10-1 of the Seoul High Court recently issued the second-instance ruling, fully upholding the original sentence. The court noted that Kim leaked a large amount of business secrets and submitted them to the Chinese company via his resume, constituting a serious offense. The documents were the result of years of R&D investment by the victim company; a lenient sentence in such cases would weaken enterprises’ motivation for technological development and make it easy for overseas competitors to steal South Korean technology through talent recruitment. The court also considered that Kim had fully confessed and most of the documents had been recovered, so it did not impose a heavier penalty.
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Mysterious whale opens 20x long on 500K $SOL ($22.78M) via TWAP order
A mysterious whale is opening a 20x long on 500K $SOL($22.78M). A newly created wallet deposited 8.43M $USDC and placed a TWAP order to long 500K $SOL ($22.78M). So far, 199,838 $SOL ($15.2M) has been filled.
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A mysterious whale (possibly a miner) has deposited 6,494 $BTC($420.5M) to #Binance over the past 3 weeks.
A mysterious whale (possibly a miner) has deposited 6,494 $BTC($420.5M) to #Binance over the past 3 weeks.
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.
An Ethereum ICO participant makes a test transfer to Coinbase after 11 years of dormancy.
Ethereum ICO participant '0x6A53' has deposited 0.1 ETH into Coinbase after 11 years of inactivity. Back during the original Ethereum ICO, he invested just $620 to acquire 2,000 ETH, which are now valued at $3.83 million, delivering an astounding 6,184x return on investment.
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A suspected Bitcoin miner has deposited 2,802 BTC worth $182 million into Binance over the past two days.
According to Yuqing Monitoring, a suspected Bitcoin miner has deposited 2,802 BTC (valued at $182 million) into Binance over the past two days. Over the last 20 days, the miner has made total deposits of as much as 6,494 BTC ($421 million) into Binance, at an average price of approximately $64,798.
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Iran nears agreement with Oman on strait management.
On August 8, Iranian Foreign Minister Araghchi stated that Iran is currently negotiating with Oman on legal mechanisms, management approaches for the Strait of Hormuz, and the determination of shipping routes through the strategic waterway, with the two sides very close to reaching an agreement. However, whether the Strait of Hormuz can reopen depends on other conditions, including the U.S. making amends for its violation of the U.S.-Iran Memorandum of Understanding. Araghchi noted that a traffic separation scheme previously operated in the Strait of Hormuz, but Iran considers the original route no longer suitable for ship passage and cannot accept its continued use. A new navigation mechanism is therefore necessary, though it involves complex technical and legal issues. The two sides are currently discussing an interim navigation route. Before the finalization of the new official navigation route, an interim shipping lane will be established first to serve as the basis for the future formal route. On this matter, the military departments of Iran and Oman have already held consultations based on existing nautical charts. Once the relevant negotiations are completed and a final conclusion is reached, the new navigation route will be confirmed.
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Ledger: BIP-110 lacks replay protection, transferring or selling forked coins may endanger mainnet assets
Hardware wallet vendor Ledger has issued a security alert regarding the BIP-110 Bitcoin fork, stating that BIP-110 is a Bitcoin soft fork scheme lacking built-in replay protection. If a separate chain is formed, BTC holders may receive an equivalent amount of corresponding assets on the new chain, though transactions signed by both chains may be accepted initially. If users attempt to transfer or sell assets on the BIP-110 chain, the relevant transactions could be "replayed" to the Bitcoin main chain, resulting in the simultaneous withdrawal of the corresponding BTC. Ledger noted that its devices can technically sign such transactions, but advises users not to claim or handle BIP-110 fork coins until replay protection mechanisms are added.
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Following SpaceX's sustained sharp rally, short sellers may be forced to cover their positions, with record options trading volume indicating funds are flowing back.
Following two consecutive days of sharp rebounds in SpaceX’s stock price in the latter half of this week, investors who had previously bet on a price drop are under heavy pressure. Over 250 million SpaceX shares remain sold short, equivalent to roughly 16% of its currently tradable stock. If the stock price rises rapidly, forced short covering could drive further gains. Meanwhile, trading in SpaceX’s options market has also seen unusual activity. As of 1:50 PM ET on Friday, SpaceX’s options volume hit 2.24 million contracts, with call option volume reaching 1.3 million contracts – a record high, indicating capital is flowing back in. However, the sharp stock rebound does not mean market concerns over SpaceX’s high valuation have faded. As the supply shock from lock-up expirations is gradually absorbed, investors still face a core question: before SpaceX fully delivers on the potential of its AI, satellite internet, and aerospace businesses, will the market continue to assign such a high valuation to it?
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Vance: Iran has informed the U.S. that it has no current plan to impose tolls on vessels transiting the Strait of Hormuz.
US Vice President JD Vance stated in an interview with Fox News that Iran has informed the U.S. it has "no immediate" plans to impose tolls on the Strait of Hormuz. "Some individuals within Iran’s establishment have certainly discussed levying such tolls. However, Iran has told us it has no plans to charge tolls for passage through the Strait of Hormuz, and has also conveyed this position to us—something the entire Gulf coalition expects. But we do not take such statements at face value; we will verify them. Our focus is not on people’s words, but on their actions."
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The official of Trump's commemorative coin series announced the launch of the "Unity" commemorative silver bar, paying tribute to Trump's iconic salute gesture.
Official Trump Coins has announced the launch of the "United We Stand" commemorative silver bar. The piece features a bold full-color design, paying homage to an iconic moment from Donald J. Trump’s presidency: his signature salute in front of a waving American flag. Framed by the presidential seal and the phrase "UNITED WE STAND", the silver bar honors the timeless spirit of resilience, leadership, and enduring unity. It is available in 1-ounce and 10-ounce versions. Trump has personally promoted commemorative coins from Official Trump Coins on multiple occasions, describing them as "the only official coins designed by me"—including the first and second editions of silver medallions released earlier. U.S. media points out that Official Trump Coins is actually operated by Trump’s sons Eric Trump and Donald Trump Jr., who are authorized to use Trump’s image.
2 hours ago
US crude oil inventories have posted a historic decline to 712 million barrels, hitting their lowest level since March 1984.
US crude oil inventories are experiencing an unprecedented decline: total inventories have fallen for 17 consecutive weeks, the longest such decline period on record. This streak surpasses the previous record of 16 straight weeks of decline set in 2021. Since early April, total crude inventories have dropped by 166 million barrels to 712 million barrels, hitting their lowest level since March 1984. US Strategic Petroleum Reserve (SPR) inventories alone have decreased by 111 million barrels since March, currently standing at 305 million barrels, the lowest level since February 1983. Meanwhile, US gasoline inventories have declined for 10 consecutive weeks, matching the 2018 record.
2 hours ago
A whale shorting $102 million worth of Bitcoin was partially liquidated, with the liquidation price for its remaining positions standing at around $65,300.
According to monitoring by TheDataNerd, a large whale that shorted $102 million worth of Bitcoin using 40x leverage recently faced partial liquidations, suffering a $1.46 million loss over the past week. The whale has since added margin, cutting its short position to roughly $60 million. The position’s entry price is $64,212.5, and its liquidation price is $65,310.2.
2 hours ago
AI stock guru Leopold becomes a 'hero' after his liquidation, sparking a craze among Silicon Valley capital.
After 25-year-old rising Wall Street AI stock prodigy Leopold’s hedge fund Situational Awareness faced a margin liquidation, Silicon Valley capital has instead launched a wave of pursuit for him. Insiders revealed that a large number of Silicon Valley investors have contacted the fund voluntarily within just a few days, expressing their willingness to add investment. Sequoia Capital partner Pat Grady publicly stated he will remain a key figure in Silicon Valley for the long term; veteran venture capitalist Elad Gil even announced his first application to invest in the fund; Redpoint Ventures managing director Logan Bartlett bluntly said, “There’s a hero archetype here—Leopold got punched, but it sparked everyone’s unity.” Despite the heavy blow, the fund has still posted around 80% positive returns this year, with its remaining portfolio valued at roughly $100 billion. However, Situational Awareness has informed investors it is temporarily not accepting new capital. In a letter to investors, Leopold announced he has unwound all leverage, characterizing the crisis as a costly but invaluable lesson, and will at least temporarily stop using bank prime brokerage services to amplify positions. This incident has laid bare the deep divide between Silicon Valley and Wall Street: Wall Street views it as a classic case of excessive leverage, with S3 Partners’ founder pointing out bluntly, “This is a super-concentrated, super-crowded, and super-high-leverage position”; Barclays even previously refused to take the fund on as a client citing excessive industry concentration; while Silicon Valley sees it as a buying opportunity at a low point. A New York University professor explained that Silicon Valley rewards those who make correct judgments on transformative technology directions, while Wall Street rewards those who generate risk-adjusted returns while preserving principal.
2 hours ago
Berkshire Hathaway has shifted from a wait-and-see stance to taking action, bringing an end to its 14-quarter streak of net stock selling, with net purchases of roughly $20 billion in stocks during Q2.
Berkshire Hathaway released its Q2 2026 financial report today, with the market’s most closely watched detail being that its cash reserves dropped to $365.51 billion in the second quarter, down from approximately $397.4 billion in Q1. This marks the end of Berkshire’s 14 consecutive quarters of net selling, its first period of significant net buying since Q4 2022. In Q2, Berkshire’s net stock purchases totaled nearly $20 billion, including a roughly $10 billion private placement in Alphabet, Google’s parent company, to support its AI data center and other investments. It also acquired homebuilder Taylor Morrison for approximately $6.8 billion—a full acquisition, not an open-market stock trade—and repurchased about $4.5 billion of its own shares. After accounting for these major items, there remains roughly $3 billion in "unexplained" net open-market equity purchases, with specific stocks to be disclosed in the 13F filing around August 14. Alphabet has now officially entered Berkshire’s top five holdings, alongside American Express, Apple, Bank of America, and Coca-Cola, with these five core positions making up roughly 66% of its stock portfolio. Buffett previously noted that the prolonged net selling cycle was driven mainly by high market valuations, which made it difficult to find sufficiently attractive opportunities. This shift is viewed as a clear signal of more active capital allocation since Greg Abel took over as CEO, with Berkshire moving from "waiting patiently" to "taking action."
2 hours ago
Vance briefs on Iran 'negotiations': Some progress has been made in the past few days
US Vice President Vance stated that some progress has been made in Iran negotiations over the past few days. Key focuses include maximizing oil and gas production in the Strait of Hormuz, and securing Iran’s commitment to refrain from firing on ships.
The official of Trump's commemorative coin series announced the launch of the "Unity" commemorative silver bar, paying tribute to Trump's iconic salute gesture.
Official Trump Coins has announced the launch of the "United We Stand" commemorative silver bar. The piece features a bold full-color design, paying homage to an iconic moment from Donald J. Trump’s presidency: his signature salute in front of a waving American flag. Framed by the presidential seal and the phrase "UNITED WE STAND", the silver bar honors the timeless spirit of resilience, leadership, and enduring unity. It is available in 1-ounce and 10-ounce versions. Trump has personally promoted commemorative coins from Official Trump Coins on multiple occasions, describing them as "the only official coins designed by me"—including the first and second editions of silver medallions released earlier. U.S. media points out that Official Trump Coins is actually operated by Trump’s sons Eric Trump and Donald Trump Jr., who are authorized to use Trump’s image.
2 hours ago
US crude oil inventories have posted a historic decline to 712 million barrels, hitting their lowest level since March 1984.
US crude oil inventories are experiencing an unprecedented decline: total inventories have fallen for 17 consecutive weeks, the longest such decline period on record. This streak surpasses the previous record of 16 straight weeks of decline set in 2021. Since early April, total crude inventories have dropped by 166 million barrels to 712 million barrels, hitting their lowest level since March 1984. US Strategic Petroleum Reserve (SPR) inventories alone have decreased by 111 million barrels since March, currently standing at 305 million barrels, the lowest level since February 1983. Meanwhile, US gasoline inventories have declined for 10 consecutive weeks, matching the 2018 record.
2 hours ago
A whale shorting $102 million worth of Bitcoin was partially liquidated, with the liquidation price for its remaining positions standing at around $65,300.
According to monitoring by TheDataNerd, a large whale that shorted $102 million worth of Bitcoin using 40x leverage recently faced partial liquidations, suffering a $1.46 million loss over the past week. The whale has since added margin, cutting its short position to roughly $60 million. The position’s entry price is $64,212.5, and its liquidation price is $65,310.2.
2 hours ago
AI stock guru Leopold becomes a 'hero' after his liquidation, sparking a craze among Silicon Valley capital.
After 25-year-old rising Wall Street AI stock prodigy Leopold’s hedge fund Situational Awareness faced a margin liquidation, Silicon Valley capital has instead launched a wave of pursuit for him. Insiders revealed that a large number of Silicon Valley investors have contacted the fund voluntarily within just a few days, expressing their willingness to add investment. Sequoia Capital partner Pat Grady publicly stated he will remain a key figure in Silicon Valley for the long term; veteran venture capitalist Elad Gil even announced his first application to invest in the fund; Redpoint Ventures managing director Logan Bartlett bluntly said, “There’s a hero archetype here—Leopold got punched, but it sparked everyone’s unity.” Despite the heavy blow, the fund has still posted around 80% positive returns this year, with its remaining portfolio valued at roughly $100 billion. However, Situational Awareness has informed investors it is temporarily not accepting new capital. In a letter to investors, Leopold announced he has unwound all leverage, characterizing the crisis as a costly but invaluable lesson, and will at least temporarily stop using bank prime brokerage services to amplify positions. This incident has laid bare the deep divide between Silicon Valley and Wall Street: Wall Street views it as a classic case of excessive leverage, with S3 Partners’ founder pointing out bluntly, “This is a super-concentrated, super-crowded, and super-high-leverage position”; Barclays even previously refused to take the fund on as a client citing excessive industry concentration; while Silicon Valley sees it as a buying opportunity at a low point. A New York University professor explained that Silicon Valley rewards those who make correct judgments on transformative technology directions, while Wall Street rewards those who generate risk-adjusted returns while preserving principal.
2 hours ago
Berkshire Hathaway has shifted from a wait-and-see stance to taking action, bringing an end to its 14-quarter streak of net stock selling, with net purchases of roughly $20 billion in stocks during Q2.
Berkshire Hathaway released its Q2 2026 financial report today, with the market’s most closely watched detail being that its cash reserves dropped to $365.51 billion in the second quarter, down from approximately $397.4 billion in Q1. This marks the end of Berkshire’s 14 consecutive quarters of net selling, its first period of significant net buying since Q4 2022. In Q2, Berkshire’s net stock purchases totaled nearly $20 billion, including a roughly $10 billion private placement in Alphabet, Google’s parent company, to support its AI data center and other investments. It also acquired homebuilder Taylor Morrison for approximately $6.8 billion—a full acquisition, not an open-market stock trade—and repurchased about $4.5 billion of its own shares. After accounting for these major items, there remains roughly $3 billion in "unexplained" net open-market equity purchases, with specific stocks to be disclosed in the 13F filing around August 14. Alphabet has now officially entered Berkshire’s top five holdings, alongside American Express, Apple, Bank of America, and Coca-Cola, with these five core positions making up roughly 66% of its stock portfolio. Buffett previously noted that the prolonged net selling cycle was driven mainly by high market valuations, which made it difficult to find sufficiently attractive opportunities. This shift is viewed as a clear signal of more active capital allocation since Greg Abel took over as CEO, with Berkshire moving from "waiting patiently" to "taking action."
2 hours ago
Vance briefs on Iran 'negotiations': Some progress has been made in the past few days
US Vice President Vance stated that some progress has been made in Iran negotiations over the past few days. Key focuses include maximizing oil and gas production in the Strait of Hormuz, and securing Iran’s commitment to refrain from firing on ships.
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.
July rattled crypto from multiple directions. Coldcard hardware wallet security fears, Strategy’s Bitcoin liquidations, Robinhood Chain’s network growth, and the CLARITY Act all landed in the same monthly window, hitting trust assumptions across retail and institutional participants alike. The latest Santiment insights frame these events alongside two other developments that are quietly redrawing market structure: BlackRock pushing tokenized equities onto Solana, and Thailand waiving capital gains tax on qualifying crypto gains for five years.
While on-chain activity in July often felt reactive, the bigger signal may be how capital allocators are starting to reposition around infrastructure that can actually settle institutional flows. Solana’s deepening role in real-world asset tokenization and Thailand’s deliberate lunge for digital-asset hub status are not isolated. They sit inside a broader competition where network throughput, regulatory clarity, and tax incentives determine where the next wave of liquidity gets parked.
Tokenized Equities Move to Solana’s Rails BlackRock’s expanding tokenization efforts are no longer confined to Ethereum rollups or private permissioned venues. The asset manager is now putting Solana deeper into the conversation around institutional finance, with tokenized stocks and funds beginning to surface on the network. This follows months of groundwork around Solana Pay, stablecoin settlement, and proposed SOL tokenomics adjustments that collectively reshape what a layer-1 can offer large issuers. The tokenization sector is accelerating fast, with real-world assets crossing $20 billion on-chain and traditional settlement infrastructure getting carved up.
For Solana, the implication is a dual-track identity: a chain that hosts retail meme-coin mania one week and BlackRock tokenized securities the next. That split has consequences. It forces validators, custody providers, and compliance teams to support both high-frequency degenerate markets and regulated asset issuance under the same consensus. Whether that hybrid model can hold up under sustained institutional load remains an open question, but the direction of travel is clear.
A Regulatory Vacuum That Thailand Is Exploiting Thailand’s five-year capital gains exemption on qualifying crypto gains landed as a direct policy maneuver to siphon talent and volume away from jurisdictions that are still tangled in legislative gridlock. While the United States debates bills like the GENIUS Act amid heavy bank lobbying, smaller countries are placing onshore tax incentives at the center of their playbook. The frustration among U.S. traders is predictable, but the market impact goes deeper: a growing share of active trading desks may route through jurisdictions that treat digital assets with fiscal consistency rather than constant regulatory whiplash.
Thailand’s move pairs a retail-friendly tax break with an institutional invitation. The policy does not cover every token or every trade, and qualification details matter for anyone structuring operations. Still, it creates a template that other Southeast Asian jurisdictions will now have to match or risk losing their own liquidity pools. The intersection of tax policy and market structure is no longer a footnote—it is becoming a primary driver of where volume concentrates.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
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.
Solana traded near a critical technical zone this week, as both long- and short-term technical analysis pointed to the potential for a substantial recovery following recent declines. Multiple upside targets have emerged, with charts indicating $82.25, $98.40, and $130.70 as the next resistance levels if bullish momentum develops. Meanwhile, a separate cycle analysis reintroduced the possibility of Solana advancing to $1,000 in the coming years.
Cycle analysis points to possible bottom and $1,000 targetCryptoCurb, a noted chart analyst on X, suggested that Solana could have reached a significant cycle bottom. According to CryptoCurb’s analysis, the recent correction extended for 567 days since the last cycle high, compared to 420 days from top to bottom in Solana’s previous cycle. The analyst views this longer decline as a potential indicator that the downward phase may have run its course.
CryptoCurb’s chart mapped out the two key market cycles, with the present correction lasting about 147 days longer than the 2021-2022 downtrend. The main point of emphasis is the substantial duration of the latest decline, supporting CryptoCurb’s view that further major downside appears less likely at this stage.
However, simply exceeding the prior bear market’s duration does not, by itself, confirm a bottom. While the analysis marks a potential cycle low near $74, no technical breakout or convincing reversal pattern has appeared to validate that the market has fully turned upward. Confirmation would typically require a move above key resistances, establishing higher highs and higher lows in the coming sessions.
If the bottom scenario plays out, CryptoCurb’s chart envisions Solana gradually accelerating above several hundred dollars within a multi-year timeframe, ultimately approaching or surpassing $1,000 by 2028. With this projection based on the assumption of a new growth phase, the outcome is speculative and depends on Solana replicating, then expanding upon, its previous major rallies.
CryptoCurb interprets the ongoing 567-day correction as a sign that Solana’s bearish cycle may have reached maturity, but emphasized that confirmation will require clear evidence of renewed buyer momentum at higher price levels.
A break below the area marked as the 2026 bottom could invalidate this bullish thesis and delay any significant recovery, while renewed strength above resistance would support the cycle-bottom theory.
Mini dictionary: CryptoCurb – An independent crypto market analyst known for cycle and technical chart studies shared primarily on X (formerly Twitter).
Key resistance levels identified by short-term analysisA separate daily chart presented by analyst Daink focuses on Solana’s shorter-term prospects. Daink highlighted a descending trendline stemming from Solana’s July peak, which has continued to limit upward movement. As SOL stabilized near $73.35, attention turned to whether buyers could break above this trendline, potentially reversing the bearish structure that has prevailed for months.
Daink identified $82.25 as the first major resistance. If Solana rallies above this level, it would signal that the coin is escaping its pattern of lower highs. The setup suggests that the $82.25 area, which overlaps with July’s rebound high, is a critical point for a momentum shift on the daily timeframe.
Additional targets laid out by the chart include $98.40, $114.55, and $130.70, marking possible checkpoints for further gains if buyers sustain control. The analyst’s scenario depicts some consolidation as these resistances are approached, especially around $98.40 and $114.55, before any significant attempt to test $130.70.
LevelTypeDescription$66.10SupportKey downside level; break below weakens bullish case$73.35Current Price AreaZone of consolidation$82.25Resistance 1July high, first major test after trendline$98.40Resistance 2Next potential upside barrier$114.55Resistance 3Target for further consolidation or advance$130.70Resistance 4Longer-term upside targetOn the support side, $66.10 was identified as a critical threshold. Sustained price action below this area would weaken confidence in the bullish breakout scenario and could lead to renewed downside risks. In contrast, a hold above $66.10, combined with a trendline breakout, would offer greater credibility to the bullish setup.
The $82.25 resistance is the first major obstacle for Solana bulls; clearing it would open the path for potential upside toward $98.40, $114.55, and $130.70 while holding above $66.10 is key for maintaining the short-term positive thesis.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Two of the largest proof-of-stake networks are simultaneously reconsidering how many tokens they print, and the proposed changes aren’t cosmetic. Galaxy Research published an analysis on August 7 outlining how Ethereum’s EIP-8361 and Solana’s SIMD-0550 and SIMD-0553 could meaningfully alter the economic architecture of both chains.
Ethereum’s plan: burn validator rewards based on how much ETH is staked EIP-8361 introduces a mechanism that scales validator reward burns according to the total percentage of ETH staked on the network. If 50% of ETH ends up staked, the proposal would allow up to 100% of validator rewards to be burned.
The practical impact on stakers would be significant. Current consensus-layer yields sit at roughly 2.6%. Under EIP-8361, those yields could decline to approximately 1.2%, effectively halving what validators earn for securing the network.
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The changes would phase in over an 18-month period following inclusion in a future network upgrade. The target timeline places it after the Glamsterdam upgrade, which is expected in fall 2026, meaning the full effects of EIP-8361 likely wouldn’t materialize until 2028.
Solana’s double play: faster disinflation and resource-based burns Solana is attacking the supply question from two angles simultaneously. The first proposal, SIMD-0550, targets the network’s inflation schedule directly. Currently, Solana’s annual disinflation rate sits at 15%, meaning the rate at which new SOL enters circulation decreases by 15% each year. SIMD-0550 would double that to 30%.
The practical consequence: Solana’s inflation would hit its terminal floor by 2029 instead of 2032, shaving three years off the timeline. Galaxy Research estimates this would reduce future SOL emissions by roughly 18.9 million tokens.
The second proposal, SIMD-0553, would overhaul Solana’s fee structure by shifting from flat transaction fees to resource-based pricing. Daily SOL burns currently sit around 650 tokens. Under SIMD-0553, that figure could jump to between 7,500 and 9,000 SOL per day, roughly a 12x to 14x increase in the rate at which SOL gets permanently removed from circulation.
Both proposals have cleared an important governance hurdle, securing the 15% active stake support required to advance into formal discussions and a subsequent voting window. This represents one of the first significant tests of Solana’s on-chain governance system.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
No advantage on SolanaAfter rising from its June lows, Solana is still in a consolidation phase, with neither buyers nor sellers able to gain a clear advantage. The asset is still trading in the vicinity of $74, fluctuating between its short-term moving averages while encountering ongoing resistance above.
SOL/USDT Chart by TradingViewThe picture is neutral in theory, but it is fragile. Following weeks of sideways movement, SOL is now trading close to both the 20-day and 50-day moving averages. Rather than the beginning of a significant trend, this usually indicates equilibrium between buyers and sellers. But every attempt at recovery is still capped by the 100-day moving average at $79, and the 200-day moving average is still much higher at $90, indicating that the overall trend is still negative.
According to the most recent candles, buyers are still defending the $72–$73 support range, which keeps the price from moving further toward the June lows. SOL is now confined to a progressively smaller trading range as a result of selling pressure being drawn to every rally toward the $78–$79 region.
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Momentum metrics lend credence to this view. The RSI is nearly at neutral levels, at 47, indicating that neither bullish nor bearish momentum is predominant in the market. As traders wait for a catalyst that can break the current impasse, volume has also continued to decline, indicating decreased participation.
Solana needs a clear daily close above the 100-day moving average in order to improve the technical outlook. A move like this could begin to shift medium-term sentiment and bring the psychological $85 level into focus. As of right now, the structure remains one of consolidation within a larger downward trend.
XRP prints decreasing volumesThe most recent rejection near the 20-day and 50-day moving averages has once again shifted momentum in favor of sellers, and XRP is still stuck in a persistent downtrend. The asset has returned to the crucial $1.02–$1.03 support zone after several weeks of range-bound trading, failing to produce the breakout bulls were hoping for.
The 200-day moving average is still trending considerably higher at $1.38, while XRP is currently trading below the 20-, 50-, and 100-day moving averages. This alignment demonstrates that, despite the protracted consolidation that followed June's precipitous decline, the overall trend is still bearish.
XRP/USDT Chart by TradingViewOne encouraging sign is that selling pressure has not increased. XRP has been steadily declining on decreasing volume rather than experiencing another impulsive breakdown, indicating that aggressive bears are no longer controlling the market. Nevertheless, buyers have also failed to create significant demand, trapping the asset in a gradual decline.
That balance is reflected in momentum indicators. For the first time in a few weeks, the RSI has dropped to about 36, approaching oversold territory. Oversold conditions alone are rarely sufficient to reverse a trend without confirmation from price action, though this may eventually draw bargain hunters.
The psychological $1.00 level continues to provide immediate support. Another wave of selling toward the June lows would probably result from losing that area. In order to challenge the 50-day average around $1.09, XRP must first recover the 20-day moving average.
Sentiment would only start to turn back in favor of buyers if the price continued to rise above those levels. As of right now, XRP is still trading defensively. The chart still lacks the stronger volume and higher highs required to confirm that a significant recovery has begun, even though the rate of decline has slowed.
Pressure on Shiba Inu is there Following another rejection below the 50-day moving average, Shiba Inu's recovery has stalled, leaving the meme coin susceptible to fresh selling pressure. The strong breakout that occurred earlier this month gave the impression that buyers were prepared to buck the trend, but it soon faded as SHIB fell back below the crucial resistance level.
SHIB/USDT Chart by TradingViewAfter failing to stay above $0.00000500, the price is currently trading around $0.00000464. Because it aligns with the declining 50-day moving average, that region has come to define resistance for the current market structure. Every attempt to gain a foothold above that level has drawn sellers, which has prevented the recovery from picking up steam.
Technically speaking, SHIB is still below the 50-, 100-, and 200-day moving averages, maintaining the longer-term trend's strong bearishness. The 20-day moving average still offers nearby support, but after the most recent decline, its upward slope has started to level out, suggesting that bullish momentum is waning.
During the breakout, the RSI briefly entered bullish territory, but it has since cooled significantly. After the initial buying surge subsided, the indicator now sits slightly below 50, indicating neutral momentum. The loss of momentum could lead to another test of lower support levels if buyers do not swiftly regain control.
A similar story is told by volume. Participation was remarkably high during the breakout, but turnover has been steadily declining in subsequent sessions. This implies that following the unsuccessful attempt to overcome resistance, traders are growing more cautious. The first support remains near $0.00000445, where the 20-day moving average and prior consolidation converge.
SHIB might return to the July lows at $0.00000410 if that level fails. On the other hand, reclaiming the $0.00000500 area would render the most recent rejection void and reopen the door to a more extensive recovery.
SHIB is currently in a "wait and see" phase. Although there was a brief improvement in sentiment due to the explosive rally, the broader bearish trend will continue to dominate the chart until the token closes firmly above its 50-day moving average.
Cardano keeps outperformingAfter extending its recovery toward the crucial $0.20 resistance area, Cardano is still outperforming many large-cap altcoins. Despite a slight decline in today's session, the overall technical picture is still positive following the recent breakout, which was bolstered by significantly higher trading volume.
ADA/USDT Chart by TradingViewDespite facing selling pressure near the 100-day moving average at $0.20, ADA has successfully reclaimed both the 20-day and 50-day moving averages and is currently holding above them. Compared to the structure observed in June and early July, when the asset continuously traded below all major trend indicators, this represents a significant improvement.
This pause looks more like profit-taking than a reversal. Over the past few weeks, buyers have maintained a series of higher lows, indicating that demand continues to withstand selling pressure following each advance. The recovery structure is intact as long as ADA stays above the 50-day moving average around $0.18.
Though it has somewhat cooled from recent highs, momentum is still favorable. The RSI is currently at 68, slightly below overbought territory. This suggests that bullish momentum is still present but has not reached the extreme that would normally precede a more significant correction.
The psychological $0.20 level and the 100-day moving average remain the current obstacles. The next significant technical target, the 200-day moving average near $0.26, would probably come into focus if there were a strong breakout above that resistance.
As of right now, Cardano continues to have one of the most robust recovery structures among major altcoins. As long as higher lows continue to form and the price stays above the reclaimed short-term moving averages, buyers maintain control even as resistance continues to slow the advance.
HomeCryptoInnovationAs Solana pushes its vision for onchain finance, product chief Vibhu Norby calls the network the Netflix of finance, aggregating every asset in one marketplace.
Solana (SOL) is positioning itself as the single home for the world's financial assets, and its product chief has a familiar comparison for what that could look like.
Speaking this week at BASS, the in-person gathering for Stanford's blockchain community, Vibhu Norby, chief product officer of the Solana Foundation, laid out the vision.
The Solana Foundation is the nonprofit that supports Solana, a blockchain built for fast, low-cost transactions.
A marketplace for every asset"I think that Solana is the Netflix or the Amazon of finance," Norby said, comparing the network's role to how those platforms pulled creators and sellers into one place.
Instead of aggregating movie producers or booksellers, he said, Solana aggregates the companies that issue financial assets, bringing them together in a way that creates strong network effects.
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Norby described the goal as "one marketplace where every asset and every market live together in a single place."
It is a framing that mirrors Solana's broader pitch around internet capital markets, the idea that, just as the internet reshaped how information moves, Solana can do the same for finance by bringing assets onchain for global, near-instant trading.
Trending on TheStreet Roundtable:Cathie Wood trims Ethereum exposure on 11th anniversaryU.S. Treasury attacks Iran's Hormuz 'extortion' networkJPMorgan issues blunt warning on crypto's futureA big vision against a small baseNorby was candid about how early this is. He argued it is "basically inevitable" that every asset in the world eventually becomes a digital asset, with the open questions being how, who does the work, and when.
For now, the numbers are modest against that ambition. Norby said Solana secures roughly $50 billion in network assets today, a small figure next to the global total.
He added that no blockchain, Ethereum included, has yet made a major dent in moving the world's assets onchain, leaving the opportunity largely open.
Rarible's site now lists Solana alongside Ethereum, MegaETH and Base, with dedicated Explore, Mint and Gacha pages for the network.
Rarible said on Thursday that its NFT marketplace is live on Solana, opening with the Claynosaurz collection as its first featured drop.
The marketplace now lists Solana as a supported network alongside Ethereum, MegaETH and Base, with dedicated Solana Explore, Mint and Gacha pages. Solana's verified X account amplified the launch the same morning, saying Rarible "adds support for Solana NFTs, beginning with @Claynosaurz."
Rarible said it had been working on Solana for months, spending that period building, testing and preparing for the launch without announcing it. The company also cast its earlier Gacha Station release on the network as a deliberate preview, writing that the feature "was never just another feature. It was the first glimpse of what was coming."
Rarible said it spent weeks talking to NFT communities across Solana and that their feedback shaped decisions about how the marketplace works. That account of the timeline comes from the company's own launch statement.
More collections are coming, according to Rarible, which said it will "continue onboarding more collections from across the Solana ecosystem" over the coming days and weeks. The company called the launch "only the foundation."
Rarible has spent recent years extending beyond its Ethereum origins, including the launch of its own network, RARI Chain. The Solana move puts it on the same network as rival OpenSea, which added Solana support through its acquisition of the Solana marketplace Gem's counterpart in the ecosystem, and where Magic Eden has long been the dominant venue for NFT trading.
Any proceeds from a sale of the exchange's tech stack, brand and IP go to FAF holders pro rata, with team tokens excluded from the distribution.
Flash Trade said on Friday it will wind down operations unless it finds a party to acquire the Solana perpetuals exchange, and that the decision was not driven by money.
"This decision is not calculated based on monetary reasons," the team wrote on X, citing "direction, shrinking market participants, and our own honest read on the crypto market as a whole and where it is heading."
The exchange said it is now pursuing a sale of its tech stack, brand and intellectual property, and that whatever the sale brings will be distributed to FAF token holders pro rata. The team "will not take a percentage," and team tokens will not participate in the distribution, according to the post.
Flash Trade has not set dates. "We haven't fixed the exact timeline yet, and we'd rather say that than publish dates we might have to move," the team wrote, committing only that withdrawals stay open and that it will give "clear notice well ahead of any change to them."
The operational specifics — when new positions are disabled, how open positions get settled, what liquidity providers need to do, and the dates for each — will be worked through on a call with token holders on Monday, with a write-up published immediately afterwards, the exchange said. The founders will hold an AMA on X on Monday, Aug. 10, at 16:00 UTC, or noon ET.
Explored Freezing AMMBefore settling on a sale, the team said it explored freezing its automated market maker with MetaDAO so that funds sitting in the AMM could be returned to holders pro rata. "That turned out not to be possible," according to the post.
Flash Trade also removed the three-month delay on token staking, so holders who want to unstake can do so immediately.
Alongside its read on the market, the team described a conflict over what its users wanted. "Ethically we are misaligned with the current direction of the crypto ecosystem," it wrote, adding that its own order flow showed "traders want to push further out on the risk curve" and that "we never found a way to serve that demand while sitting comfortably."
The exchange said it never raised outside capital, funding itself from the start, and has paid out roughly $520,000 in USDC of revenue share to FAF holders to date.
Perpetuals venues have been closing even as the sector's largest platforms grow. Dango said in July that it would wind down and halt trading on July 29.
Solana is on the verge of torching a lot more of its own token. A newly merged proposal called SIMD-0553 would restructure how transaction fees work on the network, and the math is striking: daily SOL burns would jump from roughly 650 SOL, worth about $47,000, to somewhere between 7,500 and 9,000 SOL, worth up to $650,000.
That’s a 12 to 14x increase in the amount of SOL permanently removed from circulation every single day.
How the new fee model works Right now, every Solana transaction carries a flat fee of 5,000 lamports per signature. SIMD-0553 splits this flat fee into two components. First, a 2,500-lamport inclusion fee that goes directly to the block leader, the validator producing the block. Second, a new resource fee calculated based on the compute units a transaction actually requests. That resource fee gets burned entirely.
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The proposal was authored by Helius engineer 0xIchigo and merged on July 20, 2026. Implementation is expected to arrive through phased feature gates in the upcoming Solana 4.3 release.
The disinflation squeeze SIMD-0553 isn’t traveling alone. It’s bundled alongside SIMD-0550, a companion proposal that would double Solana’s annual disinflation rate from 15% to 30%.
Under the current schedule, Solana’s inflation rate wouldn’t reach its terminal floor of 1.5% until 2032. With SIMD-0550 in effect, that timeline accelerates to 2029, shaving three full years off the journey. The projected impact: roughly 18.9 million fewer SOL minted over six years, equivalent to approximately $1.5 billion at current prices.
Validator signaling for these proposals has been building momentum. Between 25 million and 63 million SOL have signaled support as of early August 2026, representing approximately 5.8% to 14.4% of the staked supply. The governance process requires reaching a 15% threshold to advance to a full vote, and that deadline sits at August 18. Helius validators have thrown majority backing behind the proposals.
Why compute mispricing matters The flat-fee model creates perverse incentives. Developers have little reason to optimize their programs for compute efficiency when the fee is the same regardless. Spam transactions, which are computationally cheap but still clog block space, pay the same rate as legitimate high-compute operations. The resource fee model flips this by making the cost proportional to the demand placed on the network’s actual hardware.
What this means for SOL’s economics At 9,000 SOL burned daily, the annualized burn would approach 3.3 million SOL. Pair that with the 18.9 million SOL reduction in emissions over six years, and the net supply growth of SOL would slow considerably.
The August 18 governance threshold is the next milestone, and with signaling already approaching the required 15% of staked supply, a full vote looks increasingly likely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pump.fun transferred 84,789 Solana [SOL], worth $6.25 million, to Kraken on the 7th of August.
Lookonchain reported that Pump.fun had sold 4.82 million SOL, valued at roughly $807 million. The project’s average sale price stood near $167.40. Despite the steady deposits, SOL held above its $71.95 support level.
Source: Lookonchain That resilience suggested buyers continued absorbing part of Pump.fun’s exchange-bound supply.
Why are Binance traders still bullish on SOL? Top Binance trader accounts remained firmly bullish on Solana.
The Top Trader Long/Short Ratio reached 3.28. Long accounts accounted for 76.64%, while short accounts made up 23.36%. This showed that large traders continued favoring upside. However, the positioning also left the market vulnerable to long liquidations.
A sharp move below support could force leveraged buyers to close positions. That left $71.95 as the key level.
Source: CoinGlass Are positive Funding Rates supporting Solana? Solana’s [SOL] OI-Weighted Funding Rate remained positive at 0.0047%.
This showed that long traders continued paying shorts to maintain their positions. The reading aligned with the bullish Binance Top Trader Long/Short Ratio.
Even so, positive Funding Rates can signal crowded long exposure. SOL still needed spot demand to absorb Pump.fun’s continuing sales. Without that demand, a price decline could trigger a long-liquidation cascade.
Source: CoinGlass Support holds while resistance limits Solana recovery Price action unfolded differently from previous recovery attempts because Solana [SOL] spent several sessions consolidating instead of accelerating after bouncing from its June lows.
Buyers successfully defended the $71.95 support level, preventing another decline toward $67.48, yet they repeatedly failed to reclaim the $78.07 resistance.
The DMI reflected that struggle clearly. The -DI stood at 22.55, edging above the +DI at 15.73, while the ADX reached 14.02, indicating the prevailing bearish bias lacked strong trend strength despite sellers maintaining a slight advantage.
Instead of producing another decisive directional move, SOL compressed into a narrow range as buying and selling pressure balanced near support.
If buyers reclaim $78.07, they could challenge $84.00 next. However, losing $71.95 would likely shift attention back toward $67.48, where demand would need to absorb fresh selling pressure once again.
Source: TradingView Final Summary Pump.fun moved another $6.25 million in SOL to Kraken, raising its reported cumulative sales to $807 million. Solana price held $71.95 despite sustained Pump.fun selling, while 76.64% of top Binance trader accounts stayed long.
Tokenized real-world assets (RWAs) deposited into decentralized finance (DeFi) lending platforms and exchanges have more than tripled over the past year, rising from $2.3 billion to $7.4 billion according to new data from CoinShares and Token Terminal. The increase in RWA adoption comes even as total DeFi deposits fell by approximately 15% during the same period.
Shift in trading volumes and asset concentrationThe joint report, “The Growth of Hybrid Finance,” draws from Token Terminal data and covers the second quarter of 2025 through the second quarter of 2026. The findings highlight a significant divergence between the performance of traditional DeFi assets and tokenized real-world instruments on-chain. While aggregate spot volumes on decentralized exchanges declined by roughly 70% year-on-year, trading volumes for RWAs surged about 220%.
Notably, on perpetual futures venues, trading volumes and open interest in tokenized real-world assets continued to grow, even as the broader DeFi sector slowed beginning October 2025. RWAs now represent more than a quarter of open interest in on-chain perpetual futures contracts.
Tokenized Treasury and multi-strategy funds, including JTRSY, BUIDL, and sUSDS, accounted for the largest share of these assets, followed by private credit offerings like JAAA, syrupUSDC, and PRIME, as well as delta-neutral strategies such as sUSDe. Spot trading volume was led by tokenized gold, while perpetuals activity was concentrated in oil, precious metals, US equities such as the S&P 500 and Nasdaq-100, and technology and semiconductor stocks.
CoinShares co-founder and CEO Jean-Marie Mognetti commented on the trend, emphasizing that the rise of RWAs on-chain does not imply investors are leaving traditional financial markets:
Investors are not leaving traditional finance behind. Treasuries, gold, the S&P 500, semiconductor stocks—all of these are actively being used on-chain, and none is a crypto asset.
Ethereum remains dominant, but new platforms emergeNearly 70% of all RWA collateral is currently deposited on lending venues built on Ethereum. Plasma holds the position as the second-largest network, supported by Aave’s expansion beyond Ethereum, while Solana’s growth in the sector has been driven primarily by native RWA lending platform Kamino. The largest concentrations of deposits are found on Aave, Morpho, and Kamino.
Despite this surge in on-chain activity, the associated revenues for trading and lending platforms have not expanded at the same rate; application revenues actually declined over the past year, which the report attributes to the early stage of RWA adoption. Hyperliquid has been the key outlier, generating significantly higher application revenue than its competitors and surpassing both Solana and Ethereum as the top revenue-generating chain. In July, Decrypt reported that real-world asset volumes exceeded those of crypto assets on Hyperliquid for the first time in a single week, with semiconductor manufacturer SK Hynix recording the highest trading volume.
Market context and future outlookEarlier in the year, tokenized real-world assets grew 8.7% month-on-month to reach $24.8 billion, while DeFi’s total value locked declined 25% to $94.8 billion. According to 1inch co-founder Sergej Kunz, investors rotated capital from DeFi due to compressed yields, moving toward tokenized Treasuries offering around 4%. BlackRock, cited in the report for its BUIDL fund, has recently launched two more tokenized money market funds and introduced tokenized share classes for European money market funds collectively holding $311 billion.
However, the scale of tokenized RWAs remains limited in comparison to traditional finance. Approximately $2.2 billion of global equity—valued at over $100 trillion—has been tokenized so far, a level the report compares to stablecoins’ early market position in 2019. The analysis only considers distributed assets that can move outside their issuing platforms, and thus omits networks like Canton and Provenance.
The fast-evolving RWA sector also underscores the importance of sophisticated tools for investors. Platforms such as CryptoAppsy, which streamlines portfolio management and enables users to monitor real-time prices and market data without creating an account, are helping investors keep pace. With features like smart price alerts, curated news filtering, discovery of newly listed altcoins, and macroeconomic indicators such as Fed interest rates all accessible on a single dashboard, investors gain an edge when tracking these assets and responding to market moves.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Takeaways SOL has declined 10% over the last month following a breakdown from critical trend line support ETF products tracking Solana recorded minimal net inflows of $14.6 million during July, with June posting net outflows Daily active user metrics show a moving average crossover that historically precedes significant price volatility Current price action remains beneath the 100-day SMA at $78.06 and 200-day SMA at $84.71 Critical support zones include $72, $70, and the $66–$67 range Solana (SOL) is currently hovering near $73 following a 10% pullback across the previous 30-day period. Technical analysis reveals a breach of crucial trend line support, subsequently establishing a descending channel formation on daily timeframes.
Solana (SOL) Price Price action has slipped underneath both major moving averages — the 100-day simple moving average positioned at $78.06 and the 200-day SMA at $84.71. This configuration maintains bearish technical momentum in the near term.
Selling pressure has dominated market dynamics over recent weeks. SOL continues establishing lower highs after unsuccessful attempts to breach the July high around $82. The stochastic oscillator has plunged to 3.06, indicating extreme oversold conditions, while the Ultimate Oscillator registers 38.8.
Exchange-traded fund activity around SOL remains subdued. July witnessed modest net inflows totaling only $14.6 million, while June experienced net outflows of $800,000. These figures suggest limited institutional appetite for fresh SOL exposure.
Blockchain metrics reveal a crossover between 30-day and 50-day moving averages tracking daily active users. Historical precedent indicates this technical signal often precedes substantial price movements for SOL.
Blockchain Metrics Present Diverging Signals Network utilization data shows mixed performance entering August. Decentralized exchange volumes contracted 9% throughout July to $51 billion. Early August activity levels suggest a projected monthly volume around $44 billion.
Solana in four charts:
1. Solana apps generated $82.9M in revenue in July, the highest since February.
2. Solana's share of network revenue climbed to 16.5% in July, now third among all chains and ahead of Ethereum.
3. Stablecoin supply grew to $15.7B, an all-time high.
4.… pic.twitter.com/3ImzZByrfR
— Solana (@solana) August 6, 2026
Application fees experienced marginal growth from $186 million to $200 million in July. Current August trends point toward approximately $220 million in fees, representing moderate expansion.
Contrary to price weakness, crypto analyst Nebraskangooner highlighted on X that Solana’s underlying fundamentals demonstrate resilience. His analysis emphasized July’s exceptional performance, with Solana applications generating $82.9 million in revenue — the highest figure since February — capturing 16.5% of total blockchain revenue and surpassing Ethereum during that window. Stablecoin circulation reached an all-time high of $15.7 billion, while the network handled over one billion non-vote transactions within a single week.
Market Multiples Show Significant Contraction During 2024, SOL commanded valuations between $130 and $180 with comparable DEX volumes and application fees to current levels. Market participants have since reduced their willingness to pay premium multiples for Solana’s network activity.
Throughout 2024, Solana recorded $662 billion in DEX volumes and $2.55 billion in app fees, with price peaking at $190. Current year projections estimate DEX volumes approaching $1 trillion alongside $2.8 billion in app fees — yet SOL trades below $80.
The Relative Strength Index currently stands at 44. A decline beneath 40 would activate a technical sell signal. The prevailing descending channel structure suggests a potential retest of $68 support, with the $60 threshold becoming relevant if intermediate supports fail to hold.
Initial support resides at $72. Breakdown below this level exposes $70, followed by the $66–$67 support zone.
Upbit Confirms BONK Delisting, Token Drops 8%Solana memecoin $BONK dropped 8% within an hour after Upbit, South Korea's largest cryptocurrency exchange, confirmed it will remove the token from its platform. The exchange pointed to unresolved security incidents and inadequate disclosure as the grounds for its decision.
Trading across both the BONK/KRW and BONK/USDT pairs will be suspended on September 7. Users holding BONK on the platform have until October 7 to withdraw their tokens before access is cut off entirely.
Despite the price drop, the announcement triggered a sharp spike in market activity. BONK recorded a 150% jump in daily trading volume in the hours following the news, as traders rushed to respond to the development.
A Pattern of Scrutiny in South KoreaThe Upbit decision did not arrive without warning. Roughly $20 million worth of BONK tokens were drained from BonkDAO's treasury after a malicious governance proposal passed, according to the project's own disclosure. Stolen treasury funds were tracked moving to exchanges, and Upbit suspended BONK deposits and withdrawals in response.
South Korea's three largest cryptocurrency exchanges, Upbit, Bithumb, and Coinone, had simultaneously placed BONK on their delisting watchlists earlier this year. Common factors cited at that time included concerns over the project's transparency, token distribution, and compliance with South Korea's Virtual Asset User Protection Act.
South Korean exchanges have historically maintained stringent listing standards, often more rigorous than their global counterparts, stemming from the country's specific regulatory environment and a strong emphasis on investor protection following past market upheavals. Upbit's move against BONK follows a similar pattern applied to other tokens. The exchange delisted Loopring in early 2026 after concerns over transparency, legitimacy, and project sustainability surfaced.
The BONK delisting marks a meaningful setback for one of Solana's most established community tokens. Even after the hack, BONK remains the most built-out meme on Solana, with over 350 integrations, ongoing fee burns through BonkBot, and the LetsBonk launchpad. Whether the project can address the concerns raised by Upbit before its September 7 deadline remains to be seen.
Sources:
Upbit, Bithumb, and Coinone Place BONK on Delisting Watchlist: What It Means – CryptoNews
Solana Meme Coins in July 2026: $20M Hack and Market Survival – KuCoin
Upbit to Delist Loopring Over Transparency and Risk Issues – CryptoTimes
TLDR Solana price traded near $72.91, down 1.47% over the past 24 hours. SOL faces immediate resistance near $73.35, while $76 remains the key breakout level watched by analysts. Solana’s SGP-0002 and SGP-0003 supply reform proposals entered a final discussion period ending August 22. Pump.fun sold another 84,789 SOL worth about $6.25 million, according to Lookonchain. Analyst Michaël van de Poppe sees a confirmed break above $76 as a possible path toward a longer-term $120 target. Solana (SOL) price traded near $72.91 on Friday as selling pressure remained visible across the market. According to CoinMarketCap, SOL price fell 1.47% over the past 24 hours, with trading volume at about $1.41 billion.
Solana Price
Solana Price Faces Resistance Near $73 to $76 SOL price traded below the 20-hour moving average at $73 and the 50-hour moving average at $73.61. The token also remained below the daily 200-day moving average at $84.38, showing that the broader trend still faces resistance.
The Ichimoku Kijun level at $73.35 forms immediate resistance, while support sits near $70.65. RSI stood at 36.15, while MACD gave a sell signal. ADX stayed neutral, and Bull/Bear Power favored sellers. Stoch RSI, however, showed a strong buy signal.
Solana’s SGP-0002 and SGP-0003 proposals passed their first governance stage and entered a final discussion period ending August 22. The plans could increase the network’s annual disinflation rate and raise daily SOL burns if validators approve them.
The proposals aim to slow future token supply growth through faster disinflation and higher burn activity. Traders have shown limited reaction so far, with attention focused on the final vote and whether the changes receive enough support.
Pump.fun Continues Large SOL Sales Blockchain tracker Lookonchain reported that Pump.fun sold another 84,789 SOL worth about $6.25 million. The platform has now sold 4.82 million SOL for roughly $807 million at an average price of $167.40.
The latest sale adds fresh supply to the market while Solana price remains close to short-term support. Large token transfers can affect market liquidity, although the current price action has stayed within its recent range.
Analyst Watches $76 Breakout Level Crypto analyst Michaël van de Poppe identified $76 as the key level Solana needs to reclaim. His August 5 chart marked that area as the most important resistance within the current trading range.
It would be great if we can see a breakthrough of $76 on $SOL.
If that happens, a buy the dip plan is what I'll be doing and then the target remains to be $120. pic.twitter.com/sKA1XmxRko
— Michaël van de Poppe (@CryptoMichNL) August 5, 2026
He said a confirmed move above $76 could support a broader recovery and cited $120 as a longer-term target. Until then, SOL remains below major resistance while traders watch support near $70.65 and the upcoming governance decision.
OpenAI and AMD unveiled major developments aimed at advancing artificial intelligence across both software and hardware, reflecting intensified competition in the sector as organizations seek faster and more accessible AI solutions.
OpenAI rolls out GPT-5.6 Sol upgrade and expands accessOpenAI, a leading artificial intelligence research company, introduced improvements to its GPT-5.6 Sol model for ChatGPT. The company stated that the update makes AI-powered responses more factual, concise, and focused, while strengthening reasoning abilities across domains such as coding, scientific research, cybersecurity, computer usage, and design.
The latest upgrade broadens access to Sol-powered experiences in ChatGPT, making the model available to a wider range of users. Now, GPT-5.6 Sol underpins both instant and complex reasoning tasks, automatically deploying enhanced reasoning for challenging queries. Users may also choose different levels of reasoning depending on their specific needs.
GPT-5.6 Sol delivers better intelligence in ChatGPT, offering more accurate and focused responses designed for everyday use without sacrificing its capability to handle difficult problems.
OpenAI described GPT-5.6 Sol as its most advanced premium model. It recommended Sol for advanced reasoning and suggested its T3 model for reverse engineering and building tasks. Alongside Sol, OpenAI also expanded the reach of GPT-5.6 Luna—its fastest and most cost-effective model—allowing Free and Go plan users to access AI-driven conversation tools. Terra remains the suggested option for balancing performance and value in daily professional applications.
Mini dictionary: GPT-5.6 Sol, Luna, and Terra – These are proprietary AI language models developed by OpenAI. Sol is designed for complex reasoning, Luna focuses on speed and cost efficiency, and Terra offers a balanced solution for general-purpose professional tasks.
ModelUse CaseKey FeatureSolAdvanced reasoningHigh accuracy, premium capabilitiesLunaEveryday conversationsFast, cost-efficientTerraProfessional workloadsBalanced performanceAMD acquires Taalas to boost AI inference technologyUS chipmaker AMD revealed the acquisition of Taalas, a startup specializing in AI inference and model optimization technology. AMD stated the acquisition aims to deliver end-to-end AI computing solutions, extending from GPUs and networking hardware to software and optimized inference systems as demand grows for high-performance AI deployment.
Taalas is known for its technology that accelerates inference—enabling trained AI models to operate in real-time production environments while minimizing computational demands. Integrating Taalas’ solutions with AMD’s Instinct accelerators and broader AI software portfolio is expected to help clients lower costs and boost efficiency during enterprise AI workload deployments.
AMD confirmed that the deal will strengthen its ability to provide optimized AI computing platforms for both cloud-based and on-premises applications. The company has recently focused on expanding its AI offerings both internally and through strategic acquisitions as it faces mounting competition from other chipmakers, particularly Nvidia.
Mini dictionary: Taalas – A technology startup focused on AI inference efficiency and model optimization, recently acquired by AMD to advance its AI hardware and software integration.
Convergence of software and hardware innovation in AIOpenAI’s software developments and AMD’s hardware investments represent two strategic fronts of artificial intelligence advancement. OpenAI continues to enhance usability and response quality in its models, making AI-driven tools broader and easier to access for both professionals and the general public.
Meanwhile, AMD is supporting the underlying infrastructure for AI, seeking to make deployment of sophisticated models faster, more energy-efficient, and more cost-effective.
Advances in language model intelligence and improvements in inference efficiency are becoming more interconnected, with both requiring close alignment between software optimization and powerful hardware to meet growing AI demands.
OpenAI’s rollout of Sol and AMD’s acquisition of Taalas both underline a shared imperative: delivering scalable, accessible, and high-performance AI solutions as business and consumer adoption accelerates worldwide.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Latest Sale Pushes Cumulative Total Past $807 MillionPumpfun sold another 84,789 $SOL worth approximately $6.25 million on Aug. 7, according to on-chain analytics platform Lookonchain. The transaction is the latest in a long series of disposals that have drawn close attention from the Solana community and market watchers alike.
The sale brings Pumpfun's cumulative $SOL liquidations to 4.82 million tokens, with a combined value of roughly $807 million. The average realised price across all sales stands at $167.40 per SOL.
The pattern is well established. A large share of the total has been routed through cryptocurrency exchange Kraken, while a smaller portion has been sold directly on-chain. The platform systematically converts protocol fees rather than holding $SOL, creating a steady source of sell-side supply in the market.
Selling Pressure Builds as Memecoin Activity CoolsPumpfun, the memecoin launchpad that helped fuel activity across the Solana ecosystem, is emerging as a drag on the broader network. The project appears to be raising cash through $SOL sales as protocol revenue shrinks amid a slowdown in memecoin trading.
DefiLlama data shows Pumpfun's daily fee revenue has dropped sharply from the start of the year. That declining income stream gives context to the persistent liquidations. The sustained conversion of fee income has sharpened attention on one of the most profitable businesses in the Solana ecosystem and renewed debate over whether memecoin activity, once a major engine of network growth, is now becoming a source of repeated sell-side pressure.
The key question for the remainder of the year is whether Solana's network growth can offset the selling pressure to support $SOL's price recovery.
Sources:
Bloomingbit: Pump.fun Becomes Solana Overhang as SOL Selling Continues
NewsBTC: Pump.fun Sends SOL to Kraken as Memecoin Activity Cools
99Bitcoins: Is Pump.Fun Dumping on Solana?
Key TakeawaysBitcoin: The Portfolio FoundationEthereum: The Smart Contract LeaderSolana: Speed Meets OpportunityChainlink: Bridging Blockchains and RealityHyperliquid: The Aggressive Growth OptionConstructing a Balanced Long-Term Strategy Bitcoin serves as the optimal foundation asset thanks to its limited supply and widespread institutional acceptance Ethereum dominates as the leading platform for DeFi applications and smart contract development Solana delivers exceptional transaction speed and scalability, though with elevated volatility Chainlink provides essential oracle services that bridge blockchain networks with external data sources Hyperliquid represents a high-risk opportunity centered on genuine decentralized exchange activity The cryptocurrency landscape includes thousands of digital assets, yet only a select few possess characteristics suitable for sustained investment. Financial analysts recommend concentrating on proven projects and promising newcomers that represent distinct market segments. Below, we examine five digital currencies that merit serious consideration.
Bitcoin: The Portfolio Foundation Bitcoin represents the cornerstone of any serious long-term cryptocurrency allocation.
Bitcoin (BTC) Price With its predetermined maximum supply, substantial market depth, and increasing institutional participation, Bitcoin stands among the more reliable choices in an inherently unpredictable asset category. The digital currency is progressively recognized as a modern store of value, drawing comparisons to precious metals like gold.
While Bitcoin might not produce the most explosive returns during bullish cycles, it provides superior consistency. Investment professionals typically recommend allocating approximately 40% of a cryptocurrency portfolio to Bitcoin.
Ethereum: The Smart Contract Leader Ethereum serves as the second fundamental component for long-term crypto investors.
Ethereum (ETH) Price The platform enables decentralized applications, supports major stablecoins, facilitates DeFi protocols, and hosts tokenized real-world assets. Ethereum boasts among the most robust and active developer ecosystems across all blockchain networks.
Ongoing upgrades enhance the network’s throughput and cost-efficiency. Should blockchain-based financial systems continue expanding, Ethereum appears well-positioned to maintain its central role.
Solana: Speed Meets Opportunity Solana presents itself as a high-performance competitor to Ethereum.
The network has established itself among the leading platforms for digital asset trading, payment processing, and user-facing applications. Superior transaction throughput combined with minimal fees provides significant advantages in attracting both builders and end users.
This performance comes with increased price fluctuation. Solana presents greater risk compared to Bitcoin or Ethereum, while simultaneously offering enhanced growth prospects for those investing with extended time horizons. Portfolio strategists typically recommend approximately 17.5% exposure.
Chainlink: Bridging Blockchains and Reality Chainlink offers a distinctive approach to cryptocurrency investment.
The protocol facilitates communication between blockchain networks and external information sources and systems. These oracle services form critical infrastructure enabling smart contracts to interact meaningfully with off-chain environments.
As traditional financial instruments increasingly migrate to blockchain platforms, infrastructure enabling these connections may experience heightened demand. Chainlink delivers portfolio variety beyond simply accumulating different native blockchain tokens.
Hyperliquid: The Aggressive Growth Option Hyperliquid represents the highest-risk selection among these recommendations.
The platform has established significant traction in decentralized derivatives trading, especially perpetual futures markets. Unlike numerous cryptocurrency ventures sustained primarily through marketing, Hyperliquid demonstrates substantial genuine trading volume and user engagement.
This fundamental activity distinguishes it from typical speculative altcoins. Nevertheless, it remains considerably less proven than other options discussed here, prompting experts to suggest limiting exposure to roughly 5% of total cryptocurrency holdings.
Constructing a Balanced Long-Term Strategy An effective long-term cryptocurrency portfolio need not involve excessive complexity.
One practical framework distributes capital as follows: 40% Bitcoin, 27.5% Ethereum, 17.5% Solana, 10% Chainlink, and 5% Hyperliquid. This structure provides exposure across value preservation, platform infrastructure, performance-oriented networks, and speculative growth opportunities.
Cryptocurrency markets exhibit extreme volatility. Even established projects experience severe price declines. These selections function best as long-term, risk-appropriate positions rather than assured successes.
For investors willing to maintain positions through significant market fluctuations, these five cryptocurrencies represent distinct sectors of the digital asset ecosystem while maintaining portfolio simplicity.
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.
Solana (SOL) is trading above a key $64-$68 support area but continues to face ongoing bearish momentum while it remains below its main descending resistance line. Technical analysts indicate that a decisive breakout above this trendline could initiate a corrective rally toward the $82 to $94 range. However, if the $64-$68 support fails, the risk of a renewed drop increases substantially.
Price Holds Steady After Major DropAs of the latest trading session, Solana is priced near $73.79 following a significant fall from its late 2025 highs in the $240 to $250 range. The asset sharply declined during the first half of 2026 and has settled into a volatile consolidation between the low $60s and $90.
This pattern leaves the short-term market structure defensive, with a recent bounce from about $60 met by further selling. While buyers have managed to defend the lower boundary of the consolidation zone, there is not yet enough momentum to trigger a lasting breakout. For the bullish outlook to gain traction, SOL would need to reclaim the $80 to $90 range, which marks the immediate resistance area. A move above $100 would likely signal a more significant shift in market sentiment.
The lower end of the $60 range remains in focus as critical support. Any decisive daily close under this level would undermine the current stabilization effort and reinforce the prevailing downtrend.
Solana has attempted to stabilize around $60 to $80, but to confirm a meaningful reversal, the price needs to post higher highs and break out above key resistance. If support holds and the $80-$90 zone is reclaimed, the outlook could improve. Losing support, however, would maintain downside pressure.
Key Resistance Limits Bullish RecoveryOn the technical front, SOL continues to trade under a descending trendline that has contained price since the May high. Despite multiple attempts, traders have not managed to reclaim this trendline, leaving the broader bearish structure intact even as Solana holds above key support.
More Crypto Online, a market analysis account, noted that the $64.30 to $68.05 support band, along with a nearby $70.81 level, plays a crucial role in shaping the near-term outlook. Holding above these levels may permit another corrective bounce, even as the bigger picture remains bearish.
If buyers can push price above the descending trendline, targets include $82.26 on the upside, with follow-up resistance at $89.41 and $93.99. Advancement into this zone would constitute a notable recovery, but analysts caution that the overarching downtrend is unlikely to reverse without sustained strength and higher high formations.
A close below $64-$68 would undermine the possibility of a short-term rebound, shifting trader attention back to the lower supports and increasing bearish pressure. The distinction between a routine corrective rally and a lasting market reversal remains crucial, as any bounce toward $82-$94 may still fall within the context of a broader negative trend until major technical barriers are overcome.
Tracking Solana with All-in-One ToolsGiven the significance of monitoring key levels and fast-moving price changes, portfolio management platforms like CryptoAppsy have gained popularity among Solana investors. CryptoAppsy allows users to aggregate their crypto investments and monitor real-time valuations, detailed charts, and multi-currency portfolios all in one place.
Integrated features such as smart price alerts, coin-specific news filters, tracking newly listed altcoins, and access to macroeconomic data such as Fed interest rates serve to keep users better informed and prepared for market volatility. With these tools, traders can respond quickly to breakouts and key support challenges, remaining competitive as events unfold across the Solana ecosystem.
Solana remains below its descending resistance, which keeps a corrective rally scenario possible as long as $64-$68 support is defended. Yet, until a sustained breakout above the trendline occurs, the wider downtrend remains unbroken.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Perpetual futures open interest across Solana-based platforms has climbed to $500 million, marking its highest point in nine months. The milestone signals that traders are returning to Solana’s on-chain derivatives venues after a relatively quiet stretch, even as the network still commands a relatively small slice of a market dominated by heavyweights like Hyperliquid.
To put that number in context, Solana-based perpetual venues accounted for roughly 3% of the total open interest market share and about 2% of volume market share during Q1 2026. Those figures were actually down from peaks hit in 2024, making this $500 million mark feel less like a new frontier and more like a comeback tour.
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What’s driving the rebound One standout is PhoenixTrade, a decentralized exchange built by Ellipsis Labs, which hit a record open interest of between $10 million and $11 million in late July 2026. That represented a roughly 25% jump from PhoenixTrade’s previous high of $8.8 million set in June.
A chunk of that growth traces back to a fairly straightforward catalyst: money. PhoenixTrade launched an incentive program called Flight Club, distributing $420,000 to users. The initiative spiked the platform’s daily trading volume to $67.1 million.
Meanwhile, the broader SOL futures market has seen its own fireworks. Total open interest for SOL token futures across all platforms, including centralized exchanges, sat near $1.8 billion in early August 2026. That’s a dramatic jump from $429 million recorded in May, reflecting both rising prices and increased speculative positioning on the token itself.
The competitive landscape Solana’s on-chain perps ecosystem has been building steadily, but it still operates in the long shadow of more established platforms. Hyperliquid, which runs its own appchain, continues to dominate the decentralized perpetual futures market by a wide margin in both volume and open interest.
The network hasn’t been without setbacks, though. Earlier in the year, the Drift hack put a dent in trader confidence across Solana’s DeFi ecosystem. Drift had been one of the larger perpetual futures platforms on the network, and the incident served as a reminder that smart contract risk remains a persistent concern for on-chain derivatives venues.
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