Solana-focused treasury and infrastructure company Solmate Infrastructure has accused RockawayX CEO Viktor Fischer of leading a campaign that damaged shareholder value after a proposed acquisition between the two companies collapsed.
In a statement released on June 24, Solmate, formerly known as Brera Holdings, said it is defending shareholders from what it described as a fraudulent effort by Fischer and RockawayX to exploit the company for personal gain.
Solmate claimed the dispute began as an attempt to extract roughly $200 million through a proposed transaction. It later became a broader campaign that hurt market perception and contributed to a significant discount in the company’s valuation.
Solmate expands legal battle against RockawayX The latest statement follows an SEC filing that gives more details on the dispute.
In a June 12 letter, lawyers representing Solmate alleged that RockawayX, its affiliates, and other related parties may have acted together to influence or obtain control of the company.
The letter questioned whether investors had been properly informed of a potential Section 13(d) group under U.S. securities laws.
Solmate also pointed to the timing of several events. According to the filing, RockawayX-linked affiliates sought to replace the company’s board before Forward Industries submitted an unsolicited proposal to acquire Solmate.
The filing also noted existing investment ties between Forward Industries and RockawayX through OnRe.
Solmate argued that shareholders deserve clarity on whether those actions were independent or part of a coordinated effort involving Fischer, RockawayX, and affiliated entities.
Failed acquisition sits at center of dispute The SEC filing also included a Delaware complaint filed by Solmate against RockawayX, RockawayX Holding, and Fischer.
According to the lawsuit, Solmate explored acquiring RockawayX in late 2025 and publicly announced a non-binding term sheet in December.
The complaint alleges that RockawayX presented financial materials portraying the company as a rapidly growing and profitable digital asset business that could support a substantial acquisition valuation.
Solmate claims its due diligence later found that projected profitability relied heavily on speculative future revenue streams, unrealized investment valuations, contingent economics, and other assumptions that overstated recurring operating performance.
The lawsuit alleges that those discrepancies caused the proposed transaction to collapse in February.
At the time of writing, RockawayX and Fischer had not publicly responded to Solmate’s latest statement.
Final Summary Solmate says a campaign linked to RockawayX CEO Viktor Fischer harmed shareholder value after a proposed acquisition collapsed. The dispute now includes a Delaware lawsuit, SEC disclosures, fraud allegations, and questions over potential coordinated shareholder activity.
Solana just got its fourth independent validator client a step closer to production. Mithril, built by Overclock Validator, successfully produced blocks on Solana’s Alpenglow community test cluster on June 24, marking a significant milestone for both the project and the broader network’s push toward client diversity.
Here’s the thing: running a Solana validator has historically required beefy hardware. Mithril wants to change that equation entirely, targeting hardware specs as modest as 16-32GB of RAM.
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What Mithril actually is, and why it matters Mithril is a verifying full-node client for Solana, written in Go. It’s an alternative piece of software that can do the same job as Solana’s existing validator clients, but built from scratch in a different programming language with a different design philosophy.
The initial SVM (Solana Virtual Machine) implementation for Mithril was completed by mid-2024, meaning the team has been building toward this block-production milestone for roughly two years. Producing blocks on a test cluster isn’t the same as running on mainnet, but it’s the kind of concrete progress that separates vaporware from viable infrastructure.
The Alpenglow upgrade: Solana’s biggest consensus overhaul The cluster where Mithril produced its first blocks isn’t just any testnet. Alpenglow represents the largest consensus overhaul in Solana’s history, and the community test cluster has been live since mid-May 2026.
Solana’s current consensus mechanism relies on two core technologies: Proof-of-History and TowerBFT. Alpenglow plans to replace both. The upgrade introduces Votor for fast finality and Rotor for optimized data propagation, targeting a finality time of approximately 150 milliseconds. That’s roughly a 100x improvement in finality speed over the current setup.
Mithril’s roadmap includes native Alpenglow consensus verification through integration of Votor and what the team calls Lightbringer/Rotor. The emphasis is on enabling self-verification on typical consumer hardware, which would be a meaningful departure from the status quo where validator requirements effectively price out smaller operators.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
As June draws to a close, Solana is sending mixed signals to the market. The cryptocurrency faces cautious sentiment in the near term, yet longer-term forecasts suggest the price may find solid ground for a rebound. This uncertainty remains a focal point for traders navigating a volatile landscape.
Limited upside expected in the near termAccording to the latest projections, Solana’s price is expected to increase to $71.20 by June 29, 2026. This figure represents an uptick of around 2.27% compared to current levels. However, this forecast arrives at the end of a challenging week, with SOL dropping 5.50% over the last seven days.
Current predictions indicate that Solana may rise to $71.20 by June 29, 2026, marking a 2.27% gain from today’s price.
Technical indicators, however, paint a more muted picture. Of the 30 major metrics tracked, just one is flashing a bullish signal, while 29 point to ongoing weakness. This imbalance suggests that selling pressure has yet to be fully alleviated in the short term.
Ongoing pressure in technical indicatorsThe 200-day simple moving average is projected to retreat to $89.99 by July 24. In comparison, the 50-day simple moving average is expected to settle at $76.08. These metrics reinforce that price momentum is still constrained.
Meanwhile, Solana’s Relative Strength Index (RSI) currently sits at 47.41, signifying a neutral range—neither overbought nor oversold. Solana is widely recognized for its high transaction capacity and low-cost transfers, making it a notable player in the blockchain space.
Mini glossary: The RSI is a technical indicator measuring the speed and direction of price movements. A reading below 30 generally suggests oversold conditions, while above 70 indicates overbought territory.
Market participants often interpret this neutral zone as a sign that a new and stronger catalyst may be needed for a breakthrough. On the downside, support lies at $68.03, $66.40, and $64.43. To the upside, resistance is layered at $71.62, $73.58, and $75.21.
Longer-term projections more optimisticDespite the current technical pressures, analysts take a more positive view when looking toward 2026. Forecasts suggest Solana could trade in a broad range between $69.58 and $122.76 throughout the year, with an annual average price estimated near $105.62.
Should these projections materialize, it would amount to an impressive 76.35% return on current prices. Still, these scenarios are not absolute and remain sensitive to evolving market conditions.
Correlation data highlights broader market impactCorrelation metrics show that Solana’s price direction is shaped not only by its own fundamentals but also by wider market dynamics. Over the past week, SOL demonstrated strong positive correlation with tokens including Aave, Bitcoin, Litecoin, Aptos, and KuCoin Token. This pattern suggests that overall crypto market strength often reflects directly on Solana’s trajectory.
For now, Solana’s price is caught between a subdued short-term technical outlook and more hopeful long-term expectations. The next significant price move will likely depend on a stronger directional signal or broad-based market support emerging in the coming weeks.
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.
Baton Corporation, the company behind Solana’s dominant memecoin launchpad Pump.fun, is looking for a Chief Legal Officer, and it is willing to pay seriously for the privilege. Co-founder Alon Cohen announced the opening on X around June 23, 2026, with a base salary range running from $1M to $5M.
The CLO role is not decorative. Baton needs someone who can navigate the full alphabet soup of US regulators: the SEC, CFTC, FinCEN, and OFAC, plus compliance frameworks across the UK, EU, and Asia-Pacific markets.
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Baton is also dealing with a live legal threat. A class-action lawsuit filed January 30, 2025, in the Southern District of New York, case number 1:25-cv-00880, alleges that Baton and its founders conducted unregistered securities offerings tied to tokens launched on the Pump.fun platform.
Baton can afford this. Pump.fun has posted daily trading volumes exceeding $300M and recorded profits surpassing $500M in the past year. Those are numbers that would turn heads in any sector, let alone one run by a team of under 100 people.
Pump.fun launched in early 2024 and rapidly became the go-to platform for memecoin creation on Solana. The model is simple: anyone can deploy a token in seconds, with liquidity bootstrapped automatically through a bonding curve mechanism. It made launching a memecoin nearly frictionless, which is both the product’s appeal and its regulatory vulnerability.
When a crypto-native company pegs a legal hire at up to $5M base, it is not just recruiting, it is communicating. The pool of lawyers who genuinely understand both traditional securities law and the mechanics of on-chain token issuance is small, and attracting someone from that pool means competing with BigLaw partnerships and senior regulatory roles at institutions where total compensation can easily clear seven figures.
For investors and traders active in the Solana memecoin ecosystem, the practical risk calculus is shifting. Tokens launched on Pump.fun carry exposure not just to price volatility but to the platform’s regulatory status. If the unregistered securities claim gains traction in court, it could affect how the platform operates, what tokens remain accessible, and whether certain user activity becomes legally complicated.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sell pressure persisted in the cryptocurrency market on Wednesday, pushing Bitcoin to its lowest level in 21 months as leading altcoins and crypto-focused stocks also declined. Analysts suggested this weakness could be linked to a broader risk-off trend impacting semiconductor and artificial intelligence stocks.
Sharp downturn in Bitcoin and altcoinsAccording to CoinGecko, Bitcoin, the world’s largest digital asset by market capitalization, dropped to as low as $59,217 during the day before recovering to $60,700. The coin registered a 2.7% loss over 24 hours. This downside momentum mirrored mounting pressures on Wall Street, bringing Bitcoin closer to its third consecutive daily fall.
Bitcoin’s slide triggered broader declines among altcoins. Ethereum fell 3.1% to $1,610. XRP dropped the same percentage to $1.07, while Solana dipped 2.6% to $67. Dogecoin, meanwhile, sank 4.6% to $0.075 in the same timeframe. There are mounting concerns that XRP could soon dip below $1 for the first time since the post-2024 election rally attributed to Donald Trump’s presidential win.
AssetLatest price24h changeBitcoin$60,700-2.7%Ethereum$1,610-3.1%XRP$1.07-3.1%Solana$67-2.6%Dogecoin$0.075-4.6%Bitwise Senior Investment Strategist Juan Leon emphasized that while days like this can be painful, the market has experienced similar periods before.
Bitwise, a leading digital asset investment firm, offers products focused exclusively on cryptocurrencies. Juan Leon from Bitwise noted that sharp selloffs are often perceived at the time as undermining the market thesis. However, he highlighted that despite the turbulence, technology continues to be adopted as a vital part of modern financial infrastructure.
Crypto investment firm and ETF issuer 21Shares also addressed persistent market weakness. The company had previously suggested that Bitcoin could break out of its historic four year cycle by 2026. In its latest market report published Wednesday, however, 21Shares conceded that, six months on, this forecast has not yet been validated. The statement came as Bitcoin dipped below $60,000 for the second time this month.
21Shares stated that while they anticipated the end of Bitcoin’s four year cycle entering 2026, after six months, price action still largely follows this established pattern.
Market pressures intensified in the run-up to key US inflation data closely watched by the Federal Reserve. Economists predicted the Personal Consumption Expenditures Index would show a 4.1% year-on-year rise on Thursday, marking its third straight month of acceleration.
Risk-off sentiment in equities weighs on cryptoAnalysts noted that investors continued to price in the influence of Federal Reserve Chair Kevin Warsh’s recent hawkish comments on monetary policy. Expectations of tighter financial conditions typically exert additional pressure on risk assets. CME Watch data indicated that the market is currently factoring in a possible Fed rate hike at the September meeting.
According to a note shared by Wintermute OTC trader Jasper De Maere, weaker price trends have led some investors to scale back market participation. He pointed to summer flows as an indication of reduced engagement, which could leave cryptocurrencies exposed to fresh waves of risk-off trading in equities.
Losses deepen for crypto stocksA 0.4% drop in the Nasdaq was led by declines in Micron Technology, but losses were sharper among crypto-related public companies. Shares of Strategy, the largest institutional Bitcoin holder, tumbled 9% to $94.43, touching $92.28 at one point for a 27 month low.
Coinbase stock slid 5% to $150.11 during the session, while Robinhood fell 5.8% to $97.21. The report also highlighted rising cost pressures on Strategy’s preferred Stretch share product, intensifying discussions over the company’s cash position.
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 trading landscape is undergoing a significant transformation. For the first time, tokenized assets have overtaken memecoins in daily trading activity, marking a notable shift in how users interact with the network.
According to Blockworks data, tokenized assets now account for 17% of daily spot volume on Solana, representing approximately $345.3 million in trading activity. The figure marks a new all-time high and represents a sharp increase from 11% just one day earlier. Memecoins, which previously dominated trading activity across the network, now account for a smaller share of volume.
Tokenized Stock Trading Volume Explodes The strongest driver behind this trend has been tokenized stocks. Data from Jupiter Terminal shows that tokenized stock trading volume on Solana reached a record $644 million over the past 24 hours. Trading activity was led by tokenized versions of SpaceX and Micron shares, which emerged as among the most actively traded assets in the sector.
Backpack Securities and Sunrise have played a central role in expanding the market. On June 22, the two firms listed a tokenized version of Micron stock under the ticker $MU, just days before the semiconductor company's closely watched quarterly earnings report.
The launch followed the success of the Backpack and Sunrise tokenized SpaceX listing. Market participants viewed the SpaceX listing as a major catalyst for renewed interest in tokenized equities on Solana, helping drive trading activity to record levels across multiple timeframes.
The expansion continued earlier today, June 24, when tokenized SanDisk stock, trading under the ticker $SNDK, officially launched for 24/7 trading on Solana through Backpack Securities and Sunrise.
Solana's RWA Ecosystem Reaches New Heights The development comes as Solana's broader RWA ecosystem continues to expand rapidly, reaching new milestones in both value and user adoption. Data from rwa.xyz shows that Solana's RWA ecosystem has reached approximately $3.13 billion in total value, setting a new all-time high for the network, and that the number of RWA holders on Solana has surpassed 290,000 for the first time.
The rise in tokenized asset activity suggests that a growing segment of traders is moving beyond speculative memecoin trading and exploring tokenized versions of equities and other financial products.
Questions Emerge Around Volume Quality Much of this activity has been driven by strong demand for assets like $SPCX, the tokenized SpaceX offering issued through Backpack, which has dominated trading flows. At the same time, competition is intensifying. Rival issuer xStocks has seen a notable uptick in activity, particularly over weekends, suggesting that multiple players are now vying for dominance in Solana’s tokenization ecosystem.
Onchain data shows that xStocks assets, such as $SPYx and $NVDAx, have attracted significant trading volume. However, questions remain about the nature of this activity. For example, Solscan data reveals that over $54.7 million in $NVDAx trading volume has been routed through a Raydium pool with just $30,600 in liquidity. A similar pattern appears in an Orca pool for $SPYx, which recorded $21 million in volume despite holding only $170,000 in liquidity.
These unusually high turnover rates, especially when compared to other tokenized assets, suggest that a portion of the activity may be driven by aggressive market-making strategies or incentivized trading campaigns rather than purely organic demand.
On June 17, the xStocks Trading Competition launched, encouraging participation across tokenized stock markets. By June 22, xStocks reported that the competition had already generated $850 million in trading volume on Solana. The five most actively traded tokenized assets during the competition were $SPYx, $QQQx, $TSLAx, $SPCXx, and $NVDAx.
While trading competitions can increase engagement and liquidity, they can also encourage behavior that inflates volume figures without necessarily reflecting long-term investor demand. As a result, some analysts have questioned how much of the recent growth stems from organic adoption versus incentive-driven activity. However, this skepticism does not fully dismiss the broader trend, as tokenized asset trading volume has been on a consistent upward trajectory over the past six months, suggesting sustained underlying growth beyond short-term incentives.
A Changing Narrative for Solana The memecoin era brought millions of token launches and enormous retail participation through platforms such as pump.fun. While memecoins helped attract attention and activity, critics argued that the sector often prioritized short-term speculation over sustainable communities and long-term utility.
Today, tokenized equities appear to be introducing a different narrative. Rather than focusing exclusively on internet culture and speculative trading, users increasingly have access to representations of traditional financial assets directly onchain. The latest data highlights a clear trend: tokenized equities have become one of the fastest-growing sectors on Solana, pushing RWAs further into the center of the network's evolving economy.
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PANews June 25 news, according to The Block, Solana meme coin launchpad Pump.fun is hiring a Chief Legal Officer with an annual salary of $1 million to $5 million. The role covers U.S. digital asset regulatory affairs involving the SEC, CFTC, FinCEN, and OFAC, while also being responsible for compliance management in the UK, EU, and Asia-Pacific regions, and handling investigations, litigation, and enforcement agency requests.
Pump.fun has been embroiled in controversies multiple times over the past two and a half years. The recently launched rewards marketplace Pump.fun GO drew criticism after users posted extreme tasks, which have since been removed. During the 2024 meme coin frenzy, the platform's livestream feature was used to promote tokens through self-harm, violence, and animal abuse; the platform suspended the feature and later relaunched it under stricter moderation policies. Additionally, Pump.fun is facing a class-action lawsuit in New York, accused of operating an unregistered securities and racketeering enterprise.
The municipality of São Miguel in Cabo Verde inaugurated a street named after goalkeeper Josimar José Évora Dias, better known as Vozinha, on June 23, 2026. The honor came on the heels of his stunning seven-save shutout against Spain in the 2026 FIFA World Cup, a performance so improbable it sent his Instagram following from roughly 50,000 to over 2 million in a matter of hours.
From pitch to blockchain Within days of Vozinha’s viral World Cup heroics, unofficial memecoins began appearing on Solana’s decentralized exchanges. Multiple variants traded under the VOZINHA ticker and its abbreviation VZHA, none of them endorsed by the goalkeeper himself or any official organization.
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One reported variant had a circulating supply of approximately 994 million tokens, with a market cap that fluctuated between $2,000 and $11,000. None of the VOZINHA-related tokens have secured listings on major centralized exchanges. They remain confined to Solana DEXs, where anyone with a wallet and a few minutes can launch a token inspired by whatever happens to be trending.
The man behind the meme Vozinha, born June 3, 1986, plays professionally for GD Chaves and represents the Cape Verde national team. His club career has spanned leagues in both Cape Verde and Portugal.
That changed when Cape Verde, a nation of roughly 600,000 people in the Atlantic Ocean off the west coast of Africa, reached the World Cup stage. Vozinha’s performance against Spain wasn’t just a personal triumph. It was a moment of national identity, the kind of sporting achievement that a small country carries with it for generations.
What this means for crypto investors The market caps involved, ranging from $2,000 to $11,000, tell you these aren’t serious financial instruments. A $10,000 market cap means that a single person buying or selling a few hundred dollars worth of tokens can move the price dramatically in either direction. Liquidity is thin, volatility is extreme, and the exit door is very, very narrow.
The VOZINHA tokens have no verified endorsements, no utility, no liquidity depth, and no guarantee that the token you’re buying isn’t a rug pull dressed up in a goalkeeper’s jersey.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenized stock trading on Solana just posted a single-day record of $644 million in volume. The milestone marks a broader shift that’s been building for months: traders on the network are increasingly swapping memecoins for tokenized versions of real equities.
For the week of June 15-21, 2026, Solana accounted for 95% of all tokenized stock trading volume globally, processing $1.298 billion out of $1.324 billion across every blockchain combined.
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The numbers behind the surge Just days earlier, on June 16, Solana had set a previous daily high of $187.9 million in tokenized equity volume. Much of that spike was driven by SPCX, a tokenized representation of SpaceX shares.
Cumulative tokenized stock transfer volume on Solana crossed the $10 billion mark on June 23, 2026. Cross-chain tokenized equity volumes hit $5.3 billion in May 2026, a 44% increase from the previous month.
What’s powering the shift A key driver of Solana’s dominance in this space is xStocks, a platform that enables on-chain trading of US equities and ETFs. Every tokenized share on xStocks is backed 1:1 by the underlying asset. The platform has now registered over $25 billion in total transaction volume across its trading venues.
What this means for investors The risk side of the ledger deserves attention. Tokenized equities backed 1:1 by real assets depend entirely on the custodial infrastructure holding those underlying shares. If the entity backing the tokens fails, so does the peg.
Regulatory uncertainty also looms large. Tokenized securities exist in a gray area in many jurisdictions, and a crackdown could throttle growth overnight.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
6 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
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Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
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Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
Coinbase just plugged its Solana validator into DoubleZero Edge, a high-performance data distribution layer that delivers Solana block data over a private global fiber network. The goal is straightforward: get market data to traders faster by cutting out the latency tax that comes with routing through the public internet.
What DoubleZero Edge actually does When a Solana validator produces a block, that block gets broken into small pieces called “shreds,” which are then distributed across the network. Conventionally, these shreds travel over the regular internet. DoubleZero Edge replaces that with a dedicated fiber network, and the difference is measurable: improvements of 6 to 28 milliseconds over conventional internet routing.
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The platform entered public beta in April 2026 and operates what it describes as a permissionless market for Solana shreds. Validators can monetize their block production data through the network, creating an economic incentive for participation beyond just faster data delivery.
Coinbase’s infrastructure play This isn’t a sudden pivot for Coinbase. The exchange has been referencing DoubleZero integration in its validator reports since 2025, with more recent mentions appearing in May 2026. So the June 24 connection represents the culmination of a deliberate, multi-quarter infrastructure strategy rather than a reactive decision.
Coinbase joins a growing majority. Over 58% of Solana validators currently contribute data to the DoubleZero Edge network. The integration also aligns with Solana’s broader technical roadmap, including the anticipated Alpenglow release.
What this means for traders and investors DoubleZero Edge is explicitly designed to meet institutional-grade standards similar to those seen in traditional financial exchanges. Coinbase’s participation adds credibility to that pitch. When the largest US-listed crypto exchange validates a piece of infrastructure by using it for its own operations, it sends a signal to other institutions that the technology meets a professional standard.
There are risks worth watching, though. The concentration of over 58% of validators on a single data distribution layer raises questions about centralization. If DoubleZero Edge experiences an outage or performance degradation, the impact on Solana’s validator network could be outsized precisely because so many participants depend on it.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
6 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
6 minutes ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
6 minutes ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
A new CoinGecko analysis found that nearly seven in 10 Pump.fun tokens stopped trading on the same day they launched.
Summary
Most Pump.fun launches lose trading activity within hours, showing how thin meme demand can be. Only 4.55% of tokens lasted over 90 days, making long-running projects rare on the platform. The data comes as top meme coins keep sliding, adding pressure on speculative token markets. The study reviewed 18.67m tokens created on the Solana-based meme coin launchpad from Jan. 14, 2024, to June 18, 2026.
CoinGecko said 12.8m tokens, or 68.67% of the total, recorded their final Pump.fun bonding-curve trade on launch day. It excluded tokens that never traded at all because those projects had no measurable lifespan.
Fun Fact: 7 in 10 Pumpfun tokens die on the day they launch.
Of the 18.6M tokens launched since mid-January 2024, 68.67% recorded their last trade on the same day they were created.
Read the full study 👇https://t.co/M7dKDfBBG0
— CoinGecko (@coingecko) June 24, 2026 Easy launches drive short lifespans CoinGecko linked the short lifespan to Pump.fun’s easy token creation model. The report said “near-zero barriers” allow creators to launch many coins and move to new ones when early demand does not appear.
Another 2.18m tokens survived only one day after launch. That means 14.99m tokens, or 80.37% of all reviewed launches, stopped trading either on launch day or the next day.
The pattern fits a fast-moving meme coin market where attention often comes from trending pages, social posts, and early wallet activity. Once that attention fades, many tokens lose trading activity almost at once.
Survival drops after first week The survival curve keeps shrinking after the first two days. CoinGecko found that 770,249 tokens lasted two to three days, while 642,614 stayed active for four to seven days.
Only 460,697 tokens made it to the eight-to-14-day range. The report said just 850,180 tokens, or 4.55%, lasted more than 90 days, though that number may undercount coins that moved to Raydium, Meteora, or PumpSwap after completing their bonding curve.
CoinGecko said the data tracks Pump.fun bonding-curve trades, not all later trades on external decentralized exchanges. It still said the low graduation rate means the dataset mostly reflects the average Pump.fun token lifespan.
Retail odds and market pressure In a previous article, crypto.news discussed Pump.fun data showing that nearly half of March 2026 traders ended the month in losses. That report also said about 96% of wallets either lost money or made less than $500.
As crypto.news reported, Pump.fun later launched GO, a bounty marketplace that moved the platform beyond token creation into paid online tasks. The feature drew more than 1,100 submissions and 320 active tasks within hours, showing Pump.fun’s push to keep user activity beyond meme coin launches.
Previously, crypto.news explored Pump.fun’s move beyond meme coins by adding in-app trading for assets such as WBTC, USDC, and Ethereum through Wormhole. That update aimed to reduce the need for users to leave the app when trading wider crypto assets.
The CoinGecko study landed during a weak period for larger meme tokens. Dogecoin, Shiba Inu, and Pepe have all lost ground in recent weeks, according to the article context, as traders cut exposure to high-risk tokens.
The new lifespan data shows how fast attention can disappear in meme coin markets. Pump.fun can create large activity numbers, but most launches fail to hold trading interest for more than a short window.
For traders, the numbers show how quickly a new token can lose liquidity and buyers. For creators, they show how hard it is to keep a token alive after its first wave of visibility fades.
The study does not show intent behind each launch, and it does not label tokens as scams. It measures trading life, which makes the finding a market activity snapshot rather than a conduct review.
Australia’s national soccer team needs just a draw against Paraguay to advance to the knockout stage of the 2026 FIFA World Cup. That’s the sports story. The crypto story is considerably less exciting.
A meme token bearing the ticker $POPOVIC, named after Socceroos head coach Tony Popovic, surfaced on the Solana blockchain around the time of his pre-match media comments. It has no significant trading volume, no institutional backing, and no connection to the coach, the team, or anyone involved in professional soccer.
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The match that matters (and the token that doesn’t) Here’s the actual news worth caring about. Australia sits in a position where a single point against Paraguay would secure their place as Group D runners-up. Coach Popovic, to his credit, isn’t interested in playing for a draw.
“We will go into the crunch clash to win.”
The $POPOVIC token shows no meaningful trading activity and sits firmly in the graveyard of personality-driven meme coins that never found an audience.
Sports and crypto: still a bad first date No FIFA World Cup 2026 digital asset partnerships involving Australia or Paraguay have been reported. No NFT drops. No fan token collaborations. No blockchain-based ticketing experiments. Nothing.
Football Australia has no reported digital asset initiatives connected to the Socceroos or their World Cup campaign. The Paraguayan football authorities are similarly absent from the crypto space. FIFA itself, which explored various digital initiatives in previous tournament cycles, appears to have deprioritized blockchain integrations for this edition of the tournament.
What this actually means for crypto investors The $POPOVIC situation is a useful case study in what not to chase. Tokens with no institutional backing, no verifiable project team, and no trading volume are not investments. The fact that this particular token is tied to a trending sports figure doesn’t change the underlying math.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The unofficial meme coin $GTA, also known as “Greatest Token Alive,” has experienced an explosive surge of over 500% following its launch on the Solana blockchain. The token’s rapid ascent has been accompanied by a listing on Binance Wallet, reflecting significant interest despite its lack of official ties to the upcoming Grand Theft Auto 6 game. This development appears to be driven by cultural hype surrounding GTA 6, aligning with a broader trend of volatility among meme coins themed around popular franchises. The listing on Binance Wallet, a platform that recently adopted a secondary listing model, could further fuel speculative interest.
The market’s response to $GTA’s launch indicates substantial speculative behavior, with the Fully Diluted Valuation (FDV) after launch being closely monitored. Current market pricing suggests a high likelihood that $GTA will exceed lower valuation thresholds, with an overwhelming 99% YES for a $50 million threshold and 94% YES for a $100 million threshold. However, the likelihood decreases significantly for higher valuations such as $500 million, which currently stands at 8% YES.
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The surge in $GTA’s value is consistent with patterns observed in other unofficial meme coins, which often exhibit extreme volatility. Despite the current enthusiasm, historical trends suggest that such assets are prone to sharp declines soon after the initial hype dies down.
Key Takeaways $GTA’s surge and Binance Wallet listing suggest significant speculative interest, consistent with YES outcomes for lower FDV thresholds. Market pricing reflects skepticism about $GTA reaching a $500 million FDV, with current odds at 8% YES. The token’s performance is in line with past meme coin trends, indicating potential for future volatility. What to Watch Observers should monitor $GTA’s market activity closely as it adjusts post-launch. The market’s response to any announcements from Binance or changes in investor sentiment could indicate shifts in FDV expectations. Additionally, developments around the actual Grand Theft Auto 6 release may influence speculative behavior tied to $GTA and similar tokens on Solana.
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SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
4 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
4 minutes ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
4 minutes ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
Crypto prices show bullish momentum today, with Bitcoin (BTC) steady in the $93K to $96K range. Binance Coin (BNB) soared 15%, setting a new all-time high. Tron (TRX) surged 70%, earning a spot in the top 10 cryptocurrencies. Reserve Rights (RSR) led gains with an impressive 121% rally.
The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion. Let’s dive deeper into the top cryptocurrencies by market capitalization and their price movements today, December 4.
Crypto Prices Today: BTC at $95K, ETH, SOL Gain, XRP Drops by 6% Bitcoin (BTC) is inching closer to $97,000, continuing to trade within a consolidated range for over two weeks. Binance Coin surged to a new all-time high and is now trading at $750, reflecting strong market interest. Meanwhile, Tron (TRX) made a significant leap and has entered the top 10 cryptocurrencies by market capitalization.
Bitcoin Price Today Bitcoin (BTC) price trades at $96,500, with a 24-hour range between $93,629 and $96,669. Its market cap reached $1.9 trillion. The trading volume in the last 24 hours stood at $70 billion. Bitcoin’s market dominance dropped by 0.3%, falling to 54.11%.
According to sosovalue BTC ETFs saw an inflow of $675 million, with BlackRock contributing $693 million. Fidelity added $52 million, while Ark & 21 Shares reported an outflow of $93 million.
Meanwhile, Bitcoin mining firm Foundry cut its workforce to just 80–90 employees. The firm aims to streamline its operations.
Ethereum Price Today Ethereum (ETH) price trades at $3,667, reflecting a 1% increase over the past 24 hours. Its 24-hour low and high are $3,504 and $3,708. The cryptocurrency has a market cap of $441 billion and a 24-hour trading volume of $40 billion. Ethereum’s market dominance currently stands at 12.56%.
As sosvalue reported ETH ETFs saw an inflow of $132 million, with Fidelity contributing $73 million and BlackRock adding $65 million. However, Grayscale recorded an outflow of $6 million.
Meanwhile, Ethereum co-founder Vitalik Buterin emphasized the need for enhanced security and privacy in Web3 wallets. He urged wallets to integrate privacy features directly, reducing reliance on specialized privacy wallets.
XRP Price Today XRP is trading at $2.55, showing a 6% drop in the past 24 hours. Its 24-hour low and high are $2.36 and $2.86. XRP’s market cap stands at $145 billion, with $42 billion in trading volume. It is currently ranked 3rd by market cap.
In other news, Ripple lead attorney in the lawsuit, Jorge Tenreiro, has joined the US SEC as Chief Litigation Counsel. This move raises concerns over stricter crypto oversight, especially due to his role in the XRP case.
Solana Price Today Solana (SOL) price is trading at $238, reflecting a 5% gain in the past 24 hours. Its 24-hour low and high are $216 and $240. The cryptocurrency’s market capitalization stands at $113 billion, with $8 billion in trading volume. Solana ranks 5th among cryptocurrencies by market cap.
In a significant development, Grayscale Investments has applied for a Solana ETF with the US SEC. This move highlights the growing institutional interest in Solana’s ecosystem.
Meme Crypto Prices Today Meme coins are showing a mixed reaction today. Dogecoin (DOGE) price was down by 2%, trading at $0.41, with a 24-hour high of $0.42. On the other hand, Shiba Inu (SHIB) was up by 3%, trading at $0.00003015.
Other top meme coins are also showing mixed movements. PEPE was up by 1%, and WIF gained 4%, while Bonk was down by 1%. The meme coin market continues to remain volatile, with varied performances across different tokens.
Top Crypto Gainer Prices Today Reserve Rights Reserve Rights (RSR) price saw a massive 121% jump in the past 24 hours, trading at $0.026. Its 24-hour low and high were $0.01231 and $0.02669. This impressive rally has placed RSR among the top gainers today.
The surge in RSR price comes amid growing speculation about the potential appointment of Paul Atkins as the next U.S. SEC chair under President Donald Trump. This news has sparked increased interest in the project.
Tron Tron (TRX) price was the second biggest gainer in the last 24 hours, soaring by 70% and trading at $0.38. It has now entered the top 10 cryptocurrencies by market cap. Its 24-hour low and high were $0.2245 and $0.4406, respectively. TRON’s market cap stands at $32 billion, with a trading volume of $12 billion. The strong price movement highlights growing investor interest and solidifies TRON’s position in the top-tier cryptocurrencies.
Top Crypto Loser Prices Today Kaia Kaia (KAIA) price was the worst performer in the last 24 hours, with a 17% decrease in price. Crypto prices today show it is trading at $0.34, with a low of $0.26 and a high of $0.39.
Flare Network Flare Network (FLR) price dropped by 10% and is now trading at $0.034. Its 24-hour low and high are $0.03199 and $0.0382.
The hourly chart looks bullish for the crypto market, with major altcoins and Bitcoin up by 1 to 2%. Overall, the crypto prices today show strong bullish signs, which could be a positive signal for investors looking for growth in the coming days.
TLDR A significant deposit of 600,000 SOL landed on exchanges, sparking supply-side concerns Market watcher Ali Charts highlights $50 as a critical zone to monitor for potential retracements Trader Ardi views the $45–$60 band as a more favorable accumulation opportunity for long-term positions SOL has rebounded from recent bottoms and now faces a test at the $80 resistance threshold Development activity remains robust across payments, prediction markets, and tokenized assets on the Solana network Solana has captured significant market attention following a substantial token transfer to trading venues, prompting analysts to reassess critical price thresholds.
Solana (SOL) Price Crypto market analyst Ali Charts documented a notable event on June 20: approximately 600,000 SOL tokens were transferred to centralized exchanges within a compressed timeframe. Market participants typically scrutinize such sizable exchange deposits as they often precede selling activity or position adjustments by large holders.
Major Token Transfer Highlights $50 Price Zone Ali Charts characterized the sudden surge in exchange-bound tokens as a sign that holders are relocating liquid assets from self-custody solutions. He interpreted this movement as growing uncertainty regarding the sustainability of present valuation levels.
600,000 Solana $SOL were just deposited into trading platforms.
This rapid spike in exchange inflows indicates that market participants are moving liquid supply out of private wallets, signaling rising caution around current price levels.
He further noted that should this influx of spot inventory catalyze a rapid sell-off, the $50 mark represents his primary downside target. According to his assessment, a retracement into this price zone could neutralize near-term selling pressure and establish a more resilient foundation for subsequent upward momentum.
It’s important to recognize that exchange deposits don’t automatically translate to immediate liquidations. Certain transfers serve purposes such as collateralization or platform-internal operations. Market participants are awaiting concrete price action before committing to directional positions.
SOL has staged a recovery from its recent nadirs, climbing back toward the $68 area. This rebound has redirected focus to the $80 resistance barrier, which analysts now identify as the next significant hurdle.
Market Observer Prefers Entry Points Below $60 Crypto trader Ardi has been examining Solana through a historical cycle perspective. He observed that SOL peaked near $295 before entering its current downtrend, and an 80% to 85% retracement from that high would position the asset within the $45–$60 corridor.
$SOL
Solana is slowly entering the area where I'm starting to pay attention for the next cycle.
Last bear market, SOL topped around $260 and eventually bottomed near $8.
Most people quote the full 97% drawdown, but that number was heavily distorted by the FTX collapse and… pic.twitter.com/oh58yseaFy
— Ardi (@ArdiNSC) June 19, 2026
He indicated this price band corresponds with the bottom boundary of his multi-year valuation framework. Ardi has explicitly stated he’s avoiding purchases at present prices, preferring instead to wait for a descent into that support region before establishing long positions.
Ardi also referenced Solana’s previous bear cycle, when the FTX implosion drove SOL down to approximately $8 following an already severe 90% decline from its all-time high. He noted that investors who accumulated near $17 prior to that final capitulation event still realized substantial returns during the subsequent recovery phase.
Technical analysis using Elliott Wave methodology from More Crypto Online suggests SOL may be constructing a higher low formation. Should buying pressure persist, this pattern could facilitate a challenge of the $80 resistance level.
Regarding ecosystem development, prominent Solana community figure Mert emphasized that the network has validated its performance capabilities through years of high-throughput usage. He identified prediction markets, tokenized equities, enterprise-grade payment solutions, and privacy-preserving applications as potential growth vectors for on-chain activity.
According to current market dynamics, the $50 and $80 thresholds remain the two pivotal price zones commanding the greatest attention from active traders.
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
1 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
1 minutes ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
1 minutes ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
Solana-based DePIN protocol Helium Mobile reached a new milestone in March 2026, recording $2.5 million in monthly revenue, its highest level to date, as reported in Syndica’s latest DePIN report. The decentralized wireless network, built on Solana, continues to shift toward a usage-driven model, with carrier offload and network utilization playing a larger role than new infrastructure deployment.
This latest performance places first-quarter 2026 revenue close to surpassing Helium Mobile’s entire mobile revenue for 2025, signaling an acceleration in real-world adoption and monetization.
Subscriber Growth and Product Expansion According to Blockworks data, Helium Mobile currently has almost 700,000 total sign-ups, gaining almost 100,000 sign-ups in the past two months, reflecting continued interest in its service model. Monthly subscriber additions also increased, rising to 14,000 in March from 12,000 in February.
The company introduced Helium Hangouts, a new in-app feature that allows subscribers to discover local venues with Helium connectivity.
This feature aims to deepen user engagement and reinforce the network’s real-world utility by connecting digital participation to physical locations.
At the same time, Helium’s broader usage metrics continue to expand. Daily offload reached 111 terabytes, while total subscribers stand above 3 million. Average daily data offload increased by 10%, and the number of daily offload users rose by 12% in March, indicating stronger engagement across the network.
Shift From Deployment to Utilization Helium’s growth strategy has increasingly emphasized network utilization over rapid infrastructure expansion. Monthly hotspot deployments remained in the low thousands, a sharp contrast to early 2025 levels that ranged between 27,000 and 30,000 per month.
Despite slower deployment, the existing network base of approximately 128,000 hotspots continues to support rising traffic volumes. Real-world usage has begun to validate this approach. Thousands of users connected through Helium infrastructure at the Okeechobee Music Festival, demonstrating the network’s ability to handle dense, high-demand environments.
This shift suggests that Helium has entered a phase where demand growth can be absorbed by existing infrastructure, improving capital efficiency while supporting higher throughput.
Revenue Composition and Carrier Offload As mentioned in Syndica’s March 2026 DePIN report, Helium Mobile’s revenue growth remained consistent throughout the first quarter. Monthly revenue rose 14% from $2.2 million in February to $2.5 million in March. This marks the third consecutive month that Helium Mobile has generated more than $2 million in revenue, a threshold first crossed in January 2026.
Carrier offload now represents the majority of Helium Mobile’s revenue. In March, offload-related fees accounted for 57% of total revenue, continuing a steady increase from near parity earlier in the year. Major United States carriers are routing larger volumes of traffic through Helium’s network, reinforcing its role as a complementary infrastructure layer within the telecom ecosystem.
This transition highlights a structural shift in Helium’s business model. While subscriber revenue remains important, enterprise demand from carrier partners increasingly drives overall income.
Solana DePIN Ecosystem Rebounds According to Syndica’s March 2026 DePIN report, The broader Solana DePIN sector also showed signs of recovery in March. Projects including Helium, Render, Hivemapper, UpRock, NATIX, XNET, and GEODNET collectively generated $2.9 million in revenue, representing a 16% increase from February.
At the same time, deployer rewards reversed a prolonged decline. Total rewards distributed across Solana DePIN protocols rose 31% to $2.1 million, up from February’s $1.6 million. Upcoming token generation events from projects such as Wingbits and Dabba may further increase incentives and network participation.
Wireless-focused protocols reached another milestone, delivering a combined 45,000 terabytes of offloaded data in March. This represents a 22% increase from February’s 37,000 terabytes and underscores rising demand for decentralized connectivity solutions.
Performance Across Key DePIN Projects Several projects within the ecosystem reported notable gains. Dabba Network recorded a 24% increase in usage, reaching 42,000 terabytes of data consumption. The project also signaled a transition toward on-chain infrastructure through a newly published roadmap.
XNET achieved 150 terabytes of offloaded data in March, a 40% increase from the previous month. It also introduced Passpoint, a feature that streamlines WiFi authentication by removing the need for captive portals. This development aims to reduce user friction and attract more venue operators.
Hivemapper delivered one of the strongest recoveries in the sector. Revenue rose from $9,000 in February to $75,000 in March, driven by renewed token burn activity and new product releases. Contributor participation increased 51% to 242, while total mapped distance grew 38% to 11 million kilometers.
Render Network nearly doubled its revenue to $176,000, supported by progress in integrating decentralized GPU infrastructure through a partnership proposal with Salad. Meanwhile, UpRock expanded its reach with the launch of OpenClaw DePIN and a global internet survey covering over 500,000 devices.
Read More on SolanaFloor Solana PropAMMs Better Than CEX in 99.3% of Retail Swaps
Tether Leads $150M Drift Recovery Plan After Circle Refused to Freeze Stolen Funds
PANews reported on June 4th that Drift released an update on its recovery progress following the April attack , stating that its current focus is on restarting the revenue-generating platform to expedite user payouts. After restarting, the platform will become the engine driving the recovery pool. Drift will relaunch as Solana's largest USDT perpetual contract exchange, with strategic support from partners such as Tether. Regarding security rebuilding, former Helium protocol engineering lead Noah Prince will join as protocol lead, and former Gauntlet team members are involved in risk architecture optimization. In terms of forensic investigation, Mandiant has confirmed that the attackers were the North Korean threat group UNC6862. Drift stated that it will continue to share recovery progress updates.
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
1 seconds ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
1 seconds ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
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UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
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Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
Ethereum (ETH) price slipped to about $1,711 as spot Ethereum ETF outflows extended to a seventh straight week even as the network’s own data points the other way.
A wider move out of the two largest crypto funds and into newer products looks like a rotation taking shape. Ethereum sits awkwardly in the middle of it.
Bitcoin and Ethereum ETFs Bleed a Seventh WeekSpot Bitcoin (BTC) ETFs booked a seventh straight week of redemptions. The weekly spot ETF flows, the gap between cash entering and leaving the funds, shrank from a $1.72 billion exit on June 5 to $68 million by June 22.
Bitcoin ETF Flows: SoSoValueEthereum ETF outflows matched that run at seven red weeks. The latest $66 million weekly exit was far smaller than the $255 million pulled in mid-May, so the bleeding is slowing. However, the new week has just started and it is important to see how things turn up by Friday.
Ethereum Spot ETF Weekly Flows: SoSoValueBoth majors are losing money, yet the pace is cooling rather than worsening.
The contrast shows up the moment the smaller funds enter the frame.
XRP, Solana and HYPE Funds Catch the BidWhile the majors bled, XRP ETF inflows ran for an eighth straight week, holding green even through early June’s price drop.
XRP Spot ETF Weekly Inflows: SoSoValueSolana (SOL) funds stayed mostly positive since mid-May, with only a couple of minor red weeks and about $836 million in net assets.
Solana Spot ETF Weekly Flows: SoSoValueHyperliquid (HYPE) funds have not printed a single red week since their May 13 launch, drawing about $183 million. The split looks like an early crypto ETF rotation, though the alt inflows are still small.
HYPE Spot ETF Weekly Flows: SoSoValueIf money is fleeing Ethereum, its network has not got the message.
Ethereum Staking Demand Dwarfs ExitsOn-chain signals clash with the ETF exit. The validator exit queue holds about 223,000 ETH waiting to unstake, against roughly 2.68 million ETH waiting to get in.
Ethereum Validator Queue Snapshot: ValidatorQueueThat is about twelve times more Ethereum staking demand than exit pressure, the opposite of what a sell wave looks like. Realized flows agree. Daily validator deposits turned net positive over the last ten days, after exit-heavy days earlier in June.
Validator Deposits Versus Withdrawals: DuneThe unstaked ETH that does reach exchanges stays small. Even the busiest day moved about 24,000 ETH, a fraction of the daily exchange inflows, which suggests exits are not feeding the market.
Exit ETH Reaching Exchanges: DuneExchange balances and the staking token tell the same calm story.
Exchange Outflows Ease and the stETH Peg HoldsThe exchange outflows picture is steady. The exchange net position change, a metric that tracks tokens moving in and out of exchanges, eased from about negative 564,000 ETH on June 9 to negative 442,000 by June 22, still a net withdrawal.
ETH Exchange Net Position Change: GlassnodeThe stETH peg held near 1.0 through ETH’s roughly 20% drop in early June. A clean peg suggests holders were not scrambling to unstake and sell.
stETH To ETH Peg Ratio: DuneSo if the chain looks committed, the rotation question moves to where flow is actually tilting.
A Quieter Rotation the ETF Numbers HideOne direct measure reframes the picture. A custom rotation score tracks ETH’s share of the combined BTC and ETH five-day net flow, then z-scores it against its own 30-day history. The reading is positive 1.05, which flags a tilt toward ETH. The catch is that ETH’s share of that flow is only 21%, so Bitcoin still takes most of it.
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The score fires because it measures change, not level. ETH’s share had been running nearer 12% to 15%, so a jump to 21% sits about one standard deviation above its own norm.
BTC To ETH Rotation Signal: Charlie Quant LabIn plain terms, money is rotating toward ETH faster than usual at the margin, even while every ETF print stays red. Headline fund flows miss this, but a direct read of the flow split catches it. At just over the +1 line, this is an early and weak signal, not a confirmed trend.
That gap between the weekly ETF tape and the on-chain split sets up the real test.
What Would Confirm the Grand RotationFor now the grand rotation is a pattern, not a confirmed move. It needs XRP, SOL and HYPE inflows to scale while Bitcoin and Ethereum keep bleeding.
The thesis breaks in two ways. Green weekly prints for the majors would end it, and stalling alt inflows would do the same.
Ethereum stays the odd one out, with a healthy network and weak ETF demand at once. Continued Ethereum ETF outflows beside a positive rotation score suggest the cash leaving the fund is not all leaving the asset. A return to positive weekly flows separates an Ethereum ETF recovery from a deeper rotation into rival funds.
Web3 gaming platforms are blockchain-powered ecosystems that provide gamers and developers with tools to play, create, and trade in-game assets. These platforms prioritize security, transparency, and true ownership of assets, thereby enabling users to retain control over their purchases and sales without relying on centralized intermediaries. This guide highlights some of the best web3 gaming platforms worth exploring in 2026.
KEY TAKEAWAYS
➤ Web3 gaming platforms are blockchain-based ecosystems that enable decentralized gameplay, true asset ownership, and player-driven economies.
➤ These platforms often include a play-to-earn (P2E) model to drive engagement by enabling players to earn and trade in-game assets.
➤ Key factors to consider while choosing a web3 gaming platform include variety in the game library, P2E mechanics, and security, among others.
5 top web3 gaming platforms
1. TikTrix
Native token
$TRIX and $WORM
Launched in
2024
TikTrix is a web3 gaming platform that combines short-form media with casual games to offer a unique, engaging, gamified experience. It is built on the Meer Chain, an Arbitrum-based layer-3 blockchain optimized to enhance scalability, reduce costs, and improve performance.
TikTrix brings along an intuitive swipe-based navigation, gamified content, and a transparent rewards system powered by its native token, $TRIX.
At the core of TikTrix’s infrastructure are Meer Nodes, which decentralize content delivery, validate transactions, and reward contributors. These nodes ensure platform scalability and reliability while enabling participants to earn rewards by staking tokens and supporting the ecosystem.
Developers also benefit from TikTrix’s APIs and SDKs, which simplify the integration of games and features, thereby expanding the platform’s content library.
TikTrix has a dual-token economy, with $TRIX for governance and platform utilities and $WORM for in-game activities.
As of late January 2025, the platform plans to enhance its governance structure, expand the Meer Node network, and introduce a marketplace for token transactions. It also aims to integrate AI-driven tools for personalized gaming experiences and host large-scale gaming tournaments.
Pros
Unique combination of short-form media and casual gaming designed for broad appeal. Built on Meer Chain, a layer-3 blockchain offering optimized performance for web3 gaming. Decentralized infrastructure with Meer Nodes enhancing data storage and reliability. Dual-token system for governance, in-game transactions, and ecosystem stability. AI integration supports advanced analytics and ensures fair gameplay. Cons
Some technical elements, like node operations, may require advanced understanding. ➤ Layer-3 blockchain architecture: Meer Chain promises to ensure faster and more efficient processing for decentralized gaming activities. This could significantly improve scalability and performance.
➤ Meer Nodes: Extend IPFS functionality for decentralized storage of assets and AI training datasets.
➤ Dual-token economy: TRIX powers governance and platform utilities, while WORM facilitates in-game purchases and rewards.
➤ AI-powered tools: Analytics, abuse prevention, and leaderboard systems to create a fair and engaging user experience.
➤ Gamified engagement: Offers challenges and rewards designed to keep players involved and incentivized.
➤ Scalable ecosystem: Built to support global expansion with multi-chain compatibility and advanced blockchain infrastructure.
2. Gala Games
Native token
$GALA
Launched in
2019
Gala Games is a web3 gaming platform that aims to revolutionize the gaming industry by giving players true ownership of in-game assets. It was founded in 2018 by Eric Schiermeyer, co-founder of Zynga, the company behind popular games like FarmVille.
Gala Games combines blockchain technology, NFTs, and player-driven economies to create a unique gaming ecosystem.
The platform hosts a diverse portfolio of titles, including the likes of Town Star, Spider Tanks, and Mirandus — each promising engaging gameplay with ample earning opportunities.
At its core lies the GALA token, used for in-game transactions, governance, and rewards. Players can earn GALA and other game-specific tokens by playing games, owning nodes, or participating in the ecosystem. Gala Games supports decentralized decision-making, with node operators having a voice in platform development.
Pros
Provides players with true ownership of in-game assets using blockchain technology and NFTs. Expanding portfolio of games with engaging gameplay. Community-driven governance through player-operated nodes. GALA token supports P2E mechanics and incentivizes ecosystem participation. Strong leadership team with gaming and blockchain expertise. Cons
High entry cost for some games due to expensive NFTs or required assets. Complexity of blockchain elements may challenge non-crypto-savvy users. ➤ Player-owned economies: Gamers retain full ownership of in-game assets represented as NFTs, which can be traded or sold across marketplaces.
➤ GALA token utility: Facilitates in-game transactions, rewards node operators, and enables governance participation.
➤ Node network: Includes Founder Nodes for governance and game-specific nodes to support decentralized gameplay and reduce reliance on traditional servers.
➤ Expanding game portfolio: Offers games like Town Star (P2E farming), Spider Tanks (PvP brawler), and Mirandus (fantasy RPG) that cater to various genres.
➤ Decentralized infrastructure: Player-operated nodes ensure platform security and scalability, with rewards distributed to incentivize participation.
➤ NFT integration: Provides gamers with rare and unique assets. This paves the way for player-driven economies and earning opportunities.
3. Immutable X
Native token
$IMX
Launched in
2021
Immutable X is another popular web3 platform that promises to revolutionize the gaming and NFT markets. It offers a high-performance layer-2 scaling solution for Ethereum and promises to effectively tackle high gas fees, slow transaction speeds, and limited scalability.
The platform leverages Zero-Knowledge Rollups (zk-rollups) to ensure instant trade confirmations and gas-free transactions while also maintaining Ethereum’s decentralization and security.
It also provides a developer-friendly infrastructure that includes REST APIs, SDKs, and NFT-enabled wallets. These features collectively ensure a smooth integration of blockchain features into games and applications. At the same time, they also reduce development complexity, making it an attractive choice for game developers.
The Immutable X Marketplace further enhances the platform by offering zero gas fees for NFT trading and a shared global order book. These features boost liquidity, simplify user engagement, and encourage interoperability across marketplaces.
Players, meanwhile, benefit from true ownership of in-game assets, with the ability to trade, sell, and use these items across supported platforms.
Pros
Zero gas fees for NFT minting and trading. Powered by ZK-Rollups for scalability and decentralization. Strong marketplace with instant trade confirmations and high-frequency transaction support. Empowers players with ownership of in-game assets. Growing ecosystem attracting gamers, developers, and collectors. Cons
Limited number of supported games compared to traditional platforms (so far). ➤ Zero gas fees: Enables minting and trading of NFTs without transaction costs, thus lowering entry barriers for users.
➤ Zk-rollups scalability: Ensures faster transactions while maintaining security and decentralization on Ethereum.
➤ User-friendly marketplace: A reliable platform for trading NFTs with instant trade confirmations and high-frequency support.
➤ Cross-game asset ownership: Players can own and utilize assets across various games within the ecosystem.
➤ Developer-friendly tools: APIs and SDKs simplify game integration and encourage ecosystem growth.
4. QORPO
Native token
$QUORPO
Launched in
2018
QORPO is a web3 gaming and e-sports platform that blends blockchain technology with AAA-quality games to create an elaborate decentralized gaming ecosystem. It offers a one-stop hub for gaming, esports, and digital asset management that serves gamers and blockchain enthusiasts alike.
QORPO simplifies web3 gaming by uniting its products under QORPO WORLD, a suite that includes a web3 wallet, an NFT marketplace, a DAO-powered governance system, and advanced gaming mechanics powered by Unreal Engine 5.
This ecosystem combines new technology with community-driven principles to deliver an immersive gaming experience.
Some of the top games and features on the platform include:
➤ Citizen Conflict: A dystopian hero shooter that combines esports-ready mechanics, cyberpunk aesthetics, and a player-driven economy.
➤ AneeMate: A fantasy RPG where players rescue and own mythical creatures as NFTs — it’s a mix of strategy, exploration, and storytelling.
➤ QORPO Marketplace: A transparent, decentralized marketplace for trading in-game assets and NFTs.
Pros
Titles like Citizen Conflict and AneeMate offer immersive gameplay powered by Unreal Engine 5. QORPO WORLD integrates games, a wallet, an NFT marketplace, and governance in one seamless platform. The platform emphasizes decentralization by granting players true ownership of in-game assets via NFTs. Integration with Ethereum, BNB Chain, Immutable X, and more ensures low-cost, scalable transactions. Competitive and spectator modes appeal to esports enthusiasts. Cons
While streamlined, onboarding to blockchain gaming may still pose challenges for beginners. Some high-value assets might limit accessibility for casual gamers. ➤ QORPO marketplace: A decentralized marketplace for secure trading of in-game items, NFTs, and digital assets.
➤ Web3 wallet: Manage cryptocurrencies, NFTs, and stake assets within the QORPO ecosystem.
➤ DAO governance: Users vote on platform development, token listings, and roadmap milestones.
➤ Advanced game development: Powered by Unreal Engine 5 and AWS for high-performance gameplay.
➤ Multi-chain support: Offers compatibility with Ethereum, BNB Chain, Immutable X, and more for seamless transactions.
5. Axie Infinity
Native token
$AXS
Launched in
2018
Axie Infinity is another popular blockchain-based gaming platform that merges play-to-earn (P2E) mechanics with engaging gameplay. Players can collect, breed, and battle creatures called Axies, each represented as a unique NFT. These Axies, along with in-game rewards like Smooth Love Potion (SLP) and governance token Axie Infinity Shards (AXS), form the backbone of the ecosystem.
The gameplay includes virtual land ownership, P2E incentives, and a decentralized economy powered by the Ethereum-based Ronin sidechain. Meanwhile, the Axie Infinity Marketplace serves as a hub for buying, selling, and trading Axies, virtual land, and other in-game items.
Initially launched as Axie Infinity Classic, the game transitioned to Axie Infinity Origins in 2022 to enhance gameplay and accessibility. Despite a fluctuating player base in 2025, Axie Infinity remains a significant force in the GameFi space.
So far, this growing ecosystem has contributed to the rise of blockchain gaming by promoting peer-to-peer engagement and empowering players with ownership and autonomy of in-game assets.
Pros
Players own in-game assets like Axies and virtual land as NFTs The Ronin sidechain reduces gas fees and enhances transaction speed for a smooth user experience. Unique and rewarding P2E dynamics. Includes virtual land, AXS governance tokens, and in-game rewards like SLP. Regular updates and the introduction of Axie Infinity Origins reflect ongoing innovation. Cons
The cost of acquiring Axies or virtual land can deter casual players. Earnings have decreased as market saturation and economic adjustments impacted profitability. ➤ NFT-based gameplay: Each Axie is an NFT that grants players true ownership and the ability to trade or sell their creatures.
➤ Smooth Love Potion (SLP): Can be earned through gameplay. You can use this token for breeding Axies or trading on exchanges.
➤ Axie Infinity Shards (AXS): A governance token enabling holders to vote on platform decisions, stake for rewards, or purchase in-game items.
➤ Virtual Land (Lunacia): Tokenized plots where players can gather resources, earn AXS, and upgrade their Axies and base.
➤ Scholarship Program: Community-driven model where players can lease Axies to new users, thereby expanding access to the game.
How to choose a web3 gaming platform Considering the abundance of web3 gaming platforms out there — some established, others new and emerging — it makes sense to carefully consider the following factors to ensure the best gaming and investment experience:
Game quality and variety: Ideally, you should look for platforms offering engaging, high-quality games with diverse genres. A platform’s ability to deliver an immersive and engaging experience often reflects its commitment to innovation and player satisfaction.
Ownership and asset utility: You also want to ensure the platform provides true ownership of in-game assets via NFTs. Consider how these assets can be used across different games or ecosystems, as this can significantly improve their value and usability.
Blockchain integration: Check the platform’s underlying blockchain technology for scalability, transaction speed, and low costs. Established blockchains like Ethereum, Solana, or Polygon often provide sound infrastructures.
User-friendliness: A good platform should offer intuitive interfaces, easy wallet integration, and straightforward onboarding to make itself accessible to new and experienced users. Community and ecosystem: Platforms with active communities and strong partnerships often have better growth potential. Look for transparency in governance and opportunities to participate in decision-making.
Security and trust: Make sure that the platform undergoes regular audits and adheres to security standards. A track record of safe transactions and transparent operations is essential. Stay safe when gaming in web3 Web3 gaming ecosystems are still in the early stages of development and can’t yet match traditional gaming platforms in quality or game variety. However, many platforms, including some covered in this article, are making significant progress, with some even working to introduce AAA titles to their libraries. That said, what sets web3 gaming apart is its play-to-earn mechanics and true ownership of in-game assets. These aspects offer a unique appeal that compensates for the current limitations in quality and variety.
Each platform on our list offers distinct features and opportunities. So, start by exploring their game libraries, P2E models, and ecosystem dynamics to find the platform that best suits your preferences. Remember to always prioritize your safety when interacting with web3 platforms and never share your crypto wallet’s private keys or click unverified links.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Purchasing in-game tokens for investment purposes is risky and you may lose money.
Frequently asked questions What makes web3 gaming platforms different from traditional gaming platforms? Web3 gaming platforms integrate blockchain technology to offer a decentralized ecosystem where players assume true ownership of in-game assets as NFTs. Unlike traditional platforms, where assets are tied to the game, web3 assets can be traded or sold independently. These platforms also feature decentralized economies that allow users to participate in governance and earn rewards through play-to-earn models.
Can beginners play web3 games? Many web3 platforms are working to simplify onboarding for new users with intuitive interfaces and guides. However, understanding blockchain basics like wallets, tokens, and NFTs is essential for using these ecosystems. Beginners should start with platforms offering free-to-play options and comprehensive tutorials.
How do I pick the best web3 gaming platform? Key factors include the platform’s game library, play-to-earn dynamics, and supported blockchain ecosystems. Check for security measures, user reviews, and token utility to ensure a reliable experience. Assess compatibility with your devices and ease of use for smooth gameplay.
October was a bullish month for the cryptocurrency market, filled with altcoin gainers. Bitcoin (BTC) and several other cryptocurrencies reached new yearly highs.
As Halloween ushers an end to October, BeInCrypto looks at 5 altcoins that made October frighteningly profitable. The five October altcoin gainers are:
Polymesh (POLYX) price increased by 205.13% Tellor (TRB) price increased by 95.60% Solana (SOL) price increased by 79.61% Injective (INJ) price increased by 71.45% MINA price increased by 62.92% POLYX Price Leads October Altcoin GainersThe POLYX price has increased quickly since October 13. The upward movement has been parabolic, leading to an all-time high price of $0.43 on October 30.
The increase caused a breakout from the $0.29 horizontal resistance area, which had been in place since April.
The all-time high was close to the 1.61 external Fib level of the most recent decrease. Once the price is at an all-time high, the Fib level often acts as the area for the top.
If POLYX breaks out above it, it can increase by 75% to the 2.61 external Fib level at $0.66.
POLYX/USDT Daily Chart. Source: TradingViewDespite this bullish prediction, failure to close above the $0.44 resistance can lead to a 25% drop to the $0.29 horizontal area, which is expected to provide support.
TRB Reaches Yearly HighThe TRB price has increased alongside a parabolic ascending support line since the beginning of September. The upward movement led to a new yearly high of $125 yesterday.
Currently, TRB trades slightly above the 0.618 Fib retracement level of the entire previous decrease at $105. Whether the price moves above it or gets rejected can determine if the future trend is bullish or bearish.
A successful close above this area can lead to a 50% increase to the next resistance at $165.
TRB/USDT Two-Day Chart. Source: TradingViewOn the other hand, a rejection and breakdown from the parabolic ascending support line will mean the upward movement is complete. In that case, a 40% drop to the closest support at $66 will be likely.
Solana Resumes Rapid AscentThe SOL price has increased alongside an ascending support trendline since the beginning of the year. More recently, it bounced above the line in September (green icon), accelerating its rate of increase.
The next month, SOL broke out from the $28 horizontal area. This was a crucial area since it had been in place since November 2022.
Today, SOL reached a new yearly high of $37. If the price continues upwards, it can increase by another 46% and reach the next resistance at $47.
SOL/USDT Weekly Chart. Source: TradingViewDespite this bullish SOL price prediction, failure to sustain the increase can cause a 25% drop to the $28 area, validating it as support.
Injective Increases by 50% in One WeekThe INJ price increased by 50% last week, breaking out from the $9 horizontal resistance area. The price reached a new yearly high of $14.50 today. This was the highest price since November 2021.
Currently, INJ trades inside the $13.50 horizontal resistance area. This is the final resistance before the all-time high region.
So, if INJ breaks out, it can double in price and reach the all-time high of $27.
INJ/USDT Weekly Chart. Source: TradingViewDespite this bullish prediction, a rejection from the $13.50 horizontal resistance area can trigger a 35% drop to validate the $9 support area again.
MINA Concludes October Altcoin GainersThe MINA price has increased swiftly since its $0.36 low on October 11. On October 24 alone, the price increased by 110%, leading to a high of $0.98.
However, the upward movement could not be sustained. Rather, MINA created a long upper wick (red icon) and fell below the $0.88 horizontal resistance area.
Now, MINA trades just above the $0.58 horizontal support area. Whether it bounces or breaks down can determine the future trend’s direction.
MINA/USDT Daily Chart. Source: TradingViewA bounce can lead to a 40% increase to the next resistance at $0.88. On the other hand, a breakdown can cause a 40% drop to $0.37.
For BeInCrypto’s latest crypto market analysis, click here.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
6 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
6 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
6 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
6 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
6 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
PANews reported on February 27th that, according to an IoTeX announcement, due to an attack on the ioTube cross-chain bridge on February 20th and the unauthorized issuance of CIOTX on the Ethereum side, IoTeX plans to immediately deprecate CIOTX on Ethereum/Base/Solana and permanently close the relevant bridges. The attacker's minting will not be recognized. Eligible holders must submit their transaction hashes through the claims portal; after verification, IOTX will be issued on the IoTeX chain at a 1:1 ratio. BSC/Polygon/IoTeX are unaffected by the issuance and will reopen the bridges after auditing for users to migrate back to IOTX independently, before permanently delisting them. IoTeX will also notify CEX/DEX/DeFi to completely delist or remove CIOTX integrations.
Today’s edition of the weekly recap covers a legal setback in the Heart case, an upcoming White House crypto summit, and the Trump family’s planned metaverse expansion. Meanwhile, MetaMask adds Bitcoin and Solana support.
Judge dismisses case against HEX founder U.S. District Judge Carol Bagley Amon has dismissed the SEC’s lawsuit against Hex founder Richard Heart. Heart, who also founded PulseChain and Pulsex, was accused of raising over $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to purchase luxuries (i.e. the largest black diamond). The judge ruled that there was insufficient connection between Heart’s alleged conduct and the U.S. Heart, a U.S. citizen, resides in Finland, where he was accused of tax evasion and assault. Trump to host White House crypto summit President Donald Trump will host a cryptocurrency summit on March 7, featuring industry leaders and administration officials. The event will be coordinated by crypto and AI czar David Sacks and Bo Hines, executive director of the digital assets working group. Trump family explores metaverse A recent trademark application shows the Trump (TRUMP) family’s intention to develop a TRUMP-branded metaverse. This expands their cryptocurrency ventures beyond meme coins and NFTs. The U.S. Patent and Trademark Office filing was submitted on an “intent to use” basis. MetaMask plans Bitcoin and Solana integration The popular cryptocurrency wallet will add native support for Bitcoin (BTC) and Solana (SOL) ecosystems this year. This will eliminate the need for users to manage multiple wallets or use wrapped tokens. Full Bitcoin support is scheduled for the third quarter of 2025, while Solana integration is targeted for May. Bybit hackers move stolen funds to Bitcoin MetaMask Head of Security Taylor Monahan reported that Bybit hackers have transferred at least 209,384 Ethereum (ETH) (approximately $480 million) to Bitcoin. This is more than half of the estimated 400,000 ETH stolen from the exchange. According to Arkham Intelligence tracking, at least $240 million was laundered using THORchain, with most funds converted to native BTC. North Korea’s Lazarus Group moved another 62,200 ETH ($138 million) on March 1. This leaves them with just 156,500 Ethereum remaining from the original theft, according to an analysis by crypto researcher EmberCN. SEC agrees to drop Consensys lawsuit The SEC agreed to dismiss its lawsuit against Consensys, the developer of MetaMask, which had alleged securities law violations. According to Ethereum co-founder and Consensys founder Joseph Lubin, the SEC will file a motion to end the case. In another development, the SEC formally filed to dismiss its case against Coinbase with prejudice on Thursday, confirming the agreement announced last week and ensuring the case cannot be refiled. BitMEX seeks deal The cryptocurrency exchange and derivatives trading platform co-founded by Arthur Hayes in 2014 is exploring potential buyers. BitMEX has faced regulatory challenges since 2020, when it was charged with failing to implement adequate anti-money laundering measures, eventually pleading guilty. Metaplanet seeks additional Bitcoin acquisition funding The Japanese firm is looking to raise 2 billion yen ($13.6 million) through zero-interest ordinary bonds, with proceeds set aside for additional Bitcoin purchases. SEC and Tron request case pause The SEC, the Tron (TRX) Foundation, and Justin Sun filed a joint motion Wednesday asking a federal judge to temporarily halt the regulator’s ongoing legal action. The regulator had initially sued Tron, Sun, and BitTorrent in July 2023, alleging market manipulation, fraud, and issuing unregistered securities. ZachXBT joins Paradigm as security advisor The pseudonymous blockchain investigator has taken a position with research-driven investment firm Paradigm as an incident response advisor to support their portfolio companies. Paradigm cofounder Matt Huang praised ZachXBT’s accomplishments, noting the investigator has helped recover over $350 million for victims of hacks and scams. SEC drops Uniswap investigation The SEC has terminated its investigation into Uniswap Labs, the company behind the decentralized exchange protocol, according to Tuesday’s announcement. Uniswap had received a Wells notice last April indicating the SEC’s intent to bring charges for allegedly operating as an unregistered securities broker and exchange. Strive CEO urges GameStop to adopt Bitcoin reserves Matt Cole, CEO of Strive Asset Management, has formally requested that GameStop consider adopting Bitcoin as a reserve asset. The letter to Chairman and CEO Ryan Cohen suggests Bitcoin adoption could position GameStop as a market leader. Sam Bankman-Fried breaks X silence The former FTX CEO posted publicly for the first time in two years. His Monday evening posts addressed the challenges of firing employees, suggesting terminations often result from company-role mismatches rather than employee shortcomings. OKX affiliate reaches $505 million DOJ settlement Cryptocurrency exchange OKX’s affiliate Aux Cayes FinTech Co. Ltd has agreed to pay over $505 million in penalties after pleading guilty to serving U.S. customers without proper licensing and failing to follow anti-money laundering regulations. The settlement includes a $420.3 million criminal forfeiture and an $84.4 million criminal fine. Strategy completes nearly $2 billion Bitcoin purchase The company formerly known as MicroStrategy has acquired 20,355 Bitcoin at an average price of $97,514 per coin. This marks a total investment of almost $2 billion. Zhao reveals 98.48% portfolio concentration in BNB Binance founder Changpeng Zhao disclosed his cryptocurrency holdings on Binance’s social platform, revealing that BNB (BNB) comprises 98.48% of his portfolio. His remaining assets include a modest 1.32% allocation to Bitcoin, followed by smaller positions in stablecoins EURI (0.17%) and USDT (0.03%). Pump.fun explores automated market maker development The popular Solana-based meme coin launchpad is reportedly testing an in-house automated market maker (AMM) that could replace Raydium as the default decentralized exchange for new tokens.
With a slew of large-scale exploits and social engineering attacks ravaging DeFi sentiment, ecosystem leaders are calling for a return to the core tenets of decentralization.
Deploying an immutable binary of percolator, his experimental perps trading passion project, Solana Labs co-founder Anatoly Yakovenko has issued a challenge to the DeFi community.
Is it high time the DeFi applications relinquished administrative control and returned to open source, immutable software?
Hack Percolator, Get a Job Toly’s ‘Percolator’ has once again captured the attention of Solana DeFi participants. After debuting the source code back in February, Yakovenko’s perps experiment is once again in the spotlight, this time as supposed proof of the resiliency of immutable contracts.
With formal verification offering unprecedented levels of smart contract security, Yakovenko is adamant that he’s “actually more bullish on being able to remove admin keys than any other time in my professional software development career.”
After depositing 5 $SOL into Percolator’s insurance fund and burning the admin keys, Yakovenko has openly invited would-be hackers to exploit and manipulate the program’s risk engine.
Toly has promised to vouch for any successful challengers, helping them to find roles within the ecosystem and potential access to angel investments.
While much of the onchain community has jumped on the opportunity to shill various percolator-adjacent memecoins, several DeFi users are making an honest effort.
Yakovenko has since highlighted some valiant attempts to outsmart the program, though percolator’s insurance fund remains untouched at this stage.
Return to Immutable DeFi Yakovenko’s call for open-source, immutable software comes amidst a profoundly difficult period for DeFi. Smart contract security has come a long way in recent years and protocol code is arguably stronger than ever, yet the onchain economy is facing a worrying increase in the number of hacks and exploits due to social engineering attacks and key compromization.
Speaking with SolanaFloor at Breakpoint 2025, Certora Chief Scientist Mooly Sagiv argues that the biggest threat to DeFi is not code, but human error. In 2026, malicious attackers have been far more successful in targeting key individuals at crypto companies to gain administrative access to protocols and funds, as evidenced by the recent exploits of Drift Protocol and KelpDAO.
Immutable contracts and burnt admin keys are one defense against this highly sophisticated attack vector. Once a fundamental principle of decentralization, immutability has become something of an afterthought, with teams opting to maintain administrative control over their applications.
However, recent events show that the crypto community is divided on the nuances of the decentralization debate. In the wake of the KelpDAO exploit, the Arbitrum Security Council opted to freeze 30,766 $ETH held by the exploiter, drawing both criticism and praise from all corners of the industry.
Similar conversations were had during the April 1st Drift Protocol hack, which saw Circle decide against intercepting $230M worth of stolen funds that passed through its Cross Chain Transfer Protocol. CEO Jeremy Allaire defended the firm’s decision, citing that the incident posed a ‘moral quandary’.
$620M Lost to Defi Hacks in April 2026 As it stands, April 2026 is on track to finish as the 6th-worst month for DeFi exploits in crypto history, with over $620M lost to malicious actors based on DefiLlama data.
Beyond DeFi alone, crypto users are being encouraged to take greater care than ever. Developers in search of new roles are rapidly becoming a popular target for attackers, who are attempting to share malicious code when posing as recruiters.
Crypto users of all levels are encouraged to revise their security practices and wallet hygiene on a regular basis, or the industry risks running aground as builders abandon blockchain technology for safer alternatives.
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Several headlines are in the pipeline for the top crypto news this week. Spanning several ecosystems, crypto markets, and key events will drive volatility for different tokens this week.
Traders and investors can monitor the following headlines to front-run events and ecosystem-specific volatility.
Mantle Integration AnnouncementThis week, one of the top crypto news stories is Mantle Network’s integration announcement. After the Tectonic Upgrade was implemented in March 2024 and the Mainnet Alpha launch in July 2023, the Mantle ecosystem will undergo a planned update.
Recently, Mantle Network integrated with EigenDA, reducing transaction fees significantly while improving transaction speed. As Mantle builds, it also integrates Stargate, enabling seamless, bridgeless transfers.
Now the network has another integration in the pipeline, though details remain scarce.
“Intern hearing things…Very big integration potentially happening next week on Mantle,” a Mantle Network intern shared on X last week.
Mantle Network (MNT) price performance. Source: CoinGeckoData on CoinGecko shows Mantle Network token’s price is down by 0.5% in the last 24 hours. As of this writing, MNT was trading for $0.7298.
Jupiter Product AnnouncementAnother expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
“Accelerate with Jupiter. Next week, catch Kash on the main stage with a banger product announcement (or two),” Jupiter said on Friday.
Some speculate that the prospective announcement relates to their recent partnership with Sanctum for a SOL-based debit card, expanding DeFi offerings.
Meanwhile, others say it concerns highlights by another Jupiter executive, @weremeow on X, about a major Jupiter event, including a product reveal and DAO discussion. Meanwhile, a key conversation in the Jupiter ecosystem concerns the JupNet.
“Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
The Jupiter executive explained JupNet in a detailed post, citing a Catstanbul 2025 announcement. JupNet is an omnichain network tackling blockchain interoperability with a decentralized state of truth, omnichain ledger, and aggregated decentralized identities (ADIs).
The team has iterated core designs and enhanced the Solana Virtual Machine (SVM) for better transaction handling. They held their first offsite in April 2025 in San Francisco.
Upcoming steps include DOVE layer audits, internal tests, and a technical paper release. These aim to transform on-chain interactions with features like passkeys and MFA.
Jupiter (JUP) price performance. Source: BeInCryptoAs of this writing, Jupiter’s JUP token was trading for $0.47643, down by nearly 7% in the last 24 hours.
Avalanche London SummitAlso, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
Contracts deployed on Avalanche. Source: subnets.avax “Looks like the ‘big wave’ is coming ahead of Avalanche Summit London,” Avalanche Viet Nam remarked in a post.
Meanwhile, BeInCrypto data shows AVAX was trading for $21.49 as of this writing, down by nearly 6% in the last 24 hours.
US Senate to Pass Stablecoin LegislationThere is also speculation that the US Senate will pass stablecoin legislation this week. This comes after Senator Bill Hagerty announced that the Senate is ready to pass the GENIUS Act.
“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
This legislation would mark a game-changing bill, establishing the first comprehensive regulatory framework for payment stablecoins.
Further, this historic move is set to transform the $244 billion stablecoin market. It would ensure backed reserves, anti-money laundering measures, and consumer protections.
The bill seeks to curb Big Tech’s control over digital money, demanding special approval before giants like Meta can issue their own stablecoins. This is noteworthy because it is the first step toward true financial decentralization backed by federal law.
Kevin Warsh crypto holdings disclosed in his 69-page OGE Form 278e financial filing include indirect stakes in more than 20 blockchain and digital asset companies spanning Solana, dYdX, Polymarket, Dapper Labs, and Lightning Network infrastructure, with combined assets alongside his wife totaling at least $192 million.
Summary
The crypto positions are concentrated in two venture fund structures, DCM Investments 10 LLC and a series of AVF funds. Fed ethics rules require confirmed officials to complete all required divestitures within six months of taking office, and Office of Government Ethics official Heather Jones certified Warsh will be in compliance once the divestitures are completed. Warsh has previously described Bitcoin as “a good policeman” for economic policy and called AI “the most disruptive moment in modern economic history,” views that informed both his venture investments and his rate policy outlook. Kevin Warsh crypto exposure is unlike anything a previous Fed chair nominee has disclosed. His 69-page financial filing reveals indirect positions across DeFi lending, decentralized derivatives, Layer 1 and Layer 2 networks, prediction markets, and Bitcoin payments infrastructure through a web of venture fund structures. If confirmed, he would be the first Federal Reserve Chair in the institution’s 113-year history with prior personal investment in the crypto ecosystem.
The divestiture obligation is clear. Fed ethics rules introduced by Jerome Powell in 2022 following trading scandals among regional Fed presidents explicitly ban senior officials from holding cryptocurrencies, individual equities, sector funds, commodities, and derivatives. New officeholders have six months to achieve compliance. Warsh has pledged unconditional divestiture of all affected positions upon confirmation.
Senators on both sides of the aisle pressed Warsh at Tuesday’s hearing on the transparency of his disclosures, with several Democrats arguing that the use of confidentiality agreements to shield the underlying assets of his largest fund positions makes it impossible for the public to assess conflicts of interest before voting on confirmation.
What Is in the Portfolio and Why It Must Go The Warsh crypto portfolio details published by CoinDesk based on a full review of the OGE filing include identifiable stakes in Solana and Optimism through AVGF I funds, dYdX, Polymarket, Compound, and Blast through DCM Investments 10 LLC, and Dapper Labs, DeSo, and Friends With Benefits through a separate AVF fund series. A direct position in SpaceX and stakes in AI firms including Recraft and 11x also appear.
The two positions that most concern ethics reviewers are both in Juggernaut Fund LP, each listed at over $50 million with no upper limit disclosed. The underlying assets of both are covered by confidentiality agreements. OGE analyst Heather Jones flagged them specifically, noting that compliance requires full divestiture of both. Unwinding LP stakes in illiquid venture funds is more complex than selling publicly traded positions and could take the full six-month window even after confirmation.
The Divestiture Challenge and Recusal Landscape Even after divestiture is complete, Warsh faces a complicated recusal landscape. Federal ethics rules generally require a one-year cooling-off period for matters directly affecting recent financial interests. That means decisions the Fed makes affecting stablecoin issuers, DeFi protocols, or Layer 2 networks in his former portfolio could require Warsh to recuse himself from any deliberations in his first year.
For the Fed’s role in overseeing stablecoin yield regulation, bank crypto custody policy, and any future central bank digital currency framework, a one-year recusal by the chair would be a significant operational constraint. The breadth of Warsh’s portfolio, spanning every major category of digital asset infrastructure, means the recusal landscape is unusually wide compared with any prior Fed chair whose financial conflicts were largely confined to traditional securities.
What a Crypto-Aware Fed Chair Means for the Industry The portfolio is a double-edged signal. A Fed chair with personal venture exposure across DeFi and blockchain infrastructure has more detailed knowledge of the technology than all of his predecessors combined. His views on crypto will not be formed by staff briefings alone. At the same time, the mandatory divestiture and extended recusal obligations mean that whatever policy sympathies his investments implied will be formally constrained for at least the first year of his tenure.
The crypto industry should expect a Fed chair who understands the technology at a structural level and who has publicly described Bitcoin as having a positive disciplinary effect on economic policy. What the industry may not get, at least initially, is a Fed chair who can vote on matters directly affecting the specific networks in which he was invested.
PANews reported on April 22 that, according to The Block, Federal Reserve Chairman nominee Kevin Warsh stated at his Senate Banking Committee hearing that digital assets have become integrated into the U.S. financial services industry and should be incorporated into the financial system. Warsh's previously disclosed financial information shows that he holds dozens of crypto assets, including dYdX, Lighter, Polychain, Dapper Labs, Solana, and Optimism. Warsh supports exploring limited central bank digital currencies (CBDCs) but stated that issuing a CBDC would be a "bad policy choice."
Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, suggested at her hearing that Warsh could become a "puppet" of Trump, potentially leading the president to use the Federal Reserve's power to benefit his family's crypto company. Senator Tillis stated that she would not vote for Warsh's nomination until the Justice Department's investigation into Federal Reserve Chairman Powell is resolved.
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Crypto trading sensation Ansem, known on X (formerly Twitter) as @blknoiz06, has directed the market’s gaze towards the Bitcoin Runes ecosystem, labeling it as the nascent grounds for the next 100x crypto opportunity, as NewsBTC reported yesterday. Ansem, whose prowess is well-documented through his previous astronomical gains of 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x on Bonk (BONK), stirred the crypto community with his recent Dogecoin comparison.
On the cusp of Bitcoin’s highly anticipated halving today, Ansem doubled down on his initial assessment, particularly highlighting two tokens within the Bitcoin Runes ecosystem: Bitcoin Wizards (WZRD) and PUPS. He equates WZRD with Dogecoin, suggesting it has the potential to mirror Dogecoin’s viral success. In contrast, he compares PUPS to the lesser-known but highly profitable dogwifhat (WIF).
Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today?
Dogecoin needs to overcome the 0.236 Fib, 1-week chart | Source: DOGEUSD on TradingView.com In a tweet that caught the eye of both investors and enthusiasts, Ansem elaborated on his reasoning behind the picks, stating:
Great thread, been saying, I believe Runes are next asymmetric 100x opp in crypto. The meme that got DOGE founder interested in Bitcoin & the phrase magic internet money is still used today – representative of bitcoin culture. DOGE equivalent = WZRD, WIF equivalent = PUPS.
Ansem references a thread on X by Immutable Edge (@ImmutableSOL), who delved into the historical and cultural significance of the “Magic Internet Money” meme, originally sparked by mavensbot’s viral Reddit ad.
The “Magic Internet Money” meme dates back to February 18, 2013, when mavensbot, a digital artist, submitted a hand-drawn depiction of a blue wizard to promote Bitcoin on Reddit. This ad, created during Bitcoin’s early adoption phase, was crucial in cultivating a cultural ethos around Bitcoin.
It resonated deeply within the community, encapsulating the whimsical yet revolutionary nature of Bitcoin’s rise. The ad’s simplicity and authenticity resonated with the Reddit community, propelling Bitcoin from a niche internet experiment to a major financial phenomenon. Within weeks of the ad’s debut, Bitcoin’s value surged from $27 to a record high of $1,132 by November 2013.
Bitcoin Wizards, one of the highlighted tokens, aims to rekindle this original spirit. The token leverages the iconic imagery and cultural narrative of the “Magic Internet Money” meme to foster a new wave of interest and adoption. The creators of WZRD are not only paying homage to Bitcoin’s roots but are also embedding this storied meme within the mechanics of a modern cryptocurrency, aiming to capture both nostalgia and innovation.
The Bitcoin Wizards project is part of the broader Bitcoin Runes ecosystem, which reached a lot of hype prior to its launch. According to Ansem, WZRD’s history and deep roots in memes give it the perfect ingredients to become the next Dogecoin, just on Bitcoin Runes.
Moreover, the analyst assessment comes at a critical time for the crypto market, which is often influenced by the narratives that capture the community’s imagination. As the Bitcoin halving event unfolds, many eyes will be on the Bitcoin Runes ecosystem to see if it can indeed replicate the meteoric rises seen in BRC-20 tokens and Ordinals.
At press time, WZRD traded at $12.15, up 70% in the last 24 hours.
WZRD/USD price | Source: Coingecko Featured image created with DALL·E, chart from TradingView.com
Memecore ($M) is back in the spotlight, surging 55% in the past week and breaking out of a stubborn descending wedge pattern.
Backed by heavy trading volume and an $870M market cap, the move has traders eyeing a potential 160% push toward its all-time high near $1.
Why does this matter? Because Memecore’s breakout isn’t just a single-chart anomaly; it’s a signal that meme coin momentum is waking up again after weeks of sluggish price action.
When a mid-cap like Memecore starts ripping, it often stirs up retail FOMO across the entire sector.
That renewed energy is why it’s worth watching the meme coin landscape closely. In this piece, we’ll break down three of the most compelling plays right now: two high-potential presales that could ride this wave early, plus one established pick with plenty of room to run.
Why Memecore’s Breakout Could Signal a Meme Coin Rally Memecore’s breakout above its descending wedge has flipped a key resistance zone between $0.43 and $0.55 into support, setting up a clean technical base for further upside.
This consolidation is drawing attention from prominent traders like innovatorYK and CryptoSmith0x, whose bullish calls are helping fuel social volume and renewed interest in meme coins.
Adding to the momentum is the broader market backdrop. The ongoing Solana ETF hype is funneling fresh liquidity into the best altcoins, while Ethereum’s steady recovery is keeping cross-chain traders engaged. For meme coins, this mix of catalysts often sparks outsized moves — and Memecore is currently leading the charge.
Just as critical, Memecore’s $27M in 24-hour trading volume shows real capital is flowing, signaling conviction from both retail and whales.
The best meme coins are also evolving, blending their satirical roots with emerging utility and community-driven features. With Memecore heating up, it’s time to look at three meme coins poised to ride this wave next:
1. Maxi Doge ($MAXI) – The Alpha Meme Coin for Traders Maxi Doge ($MAXI) is a full-blown degen lifestyle play.
Priced at $0.0002505, with over $320K raised in its presale, $MAXI embraces a 1000x leverage, gym-pumped narrative that’s turning heads across Crypto Twitter.
Its ‘final form,’ the Doge branding leans into pure hustle culture: nonstop grind, relentless green candles, and zero room for paper hands.
What sets $MAXI apart is its forward-looking roadmap. The team has teased potential partnerships and even futures trading features designed to position $MAXI as more than a Dogecoin derivative.
Early staking rewards (currently 797%) are also on the table, rewarding diamond-handed traders willing to lock in for the long haul.
Social momentum is building fast, with an expanding community of ultra-aggressive traders who see $MAXI as the meme coin to dominate this cycle. With Memecore reigniting the sector, $MAXI looks primed to flex even harder.
2. TOKEN6900 ($T6900) – The Honest, No-Utility Meme Coin TOKEN6900 ($T6900) is what happens when you strip a meme coin down to its rawest form: zero utility, no roadmap, and no empty promises.
Priced at $0.006825 with over $1.6M raised in its presale, it’s a satirical jab at traditional finance, even mocking the S&P 500 with its unapologetically absurd branding.
Unlike the wave of ‘AI-powered’ meme coins with overinflated pitches, TOKEN6900 thrives on brutal honesty. Its fixed supply and fair presale have won over a growing army of meme purists who are sick of utility theater and just want the real degeneration back.
This anti-Wall Street positioning has sparked genuine community buzz, making $T6900 one of the most talked-about presales on Ethereum. With staking rewards (currently 38%) adding a layer of degen-friendly tokenomics, it’s a project that fully embraces the culture.
In a market where authenticity hits harder than any narrative, TOKEN6900 feels tailor-made for the current high-risk, high-reward crypto climate.
3. Pudgy Penguins ($PENGU) – The Established Meme Icon Going Mainstream Pudgy Penguins ($PENGU) is a cultural heavyweight in the meme coin industry. With a ~$2.2B market cap and price around $0.035 (up 118% in the past month), $PENGU has cemented itself as one of the most recognized names in crypto.
Its partnerships stretch far beyond Web3: from Walmart selling plushies to Random House book deals and even NASCAR collaborations, it’s bridging the gap between memes and mainstream markets.
PENGU’s ecosystem also brings utility. Its NFT-driven brand extends into Web3 gaming integrations like My Neighbor Alice, creating a mix of culture and commerce that few meme coins can match. Recent ETF speculation and even McDonald’s swapping its PFP to a Pudgy avatar only add fuel to the fire.
For traders hunting a meme coin with staying power, $PENGU stands out. It’s a maturing brand with the potential to bring meme culture into the global spotlight.
Final Verdict: Meme Coins Are Heating Up Again Memecore’s breakout is more than a single-coin rally – it’s a signal that meme coin momentum is swinging back in full force. When liquidity, social buzz, and community conviction align, even the most satirical tokens can rip.
For those hunting early exposure, $MAXI and $T6900 bring two radically different presale narratives: high-octane trader culture and unapologetic meme maximalism.
Meanwhile, $PENGU stands as a battle-tested favorite, proving that memes can evolve into mainstream brands with staying power.
Still, meme coins are volatile by nature. Treat them as high-risk, high-reward plays, and always do your own research (DYOR) before you buy anything.
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project.
Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum.
According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations.
Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.”
Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations.
As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet.
The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe.
White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.”
GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required.
Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning.
GMX exploiter accepts white-hat bounty. Source: Lookonchain on X Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark.
In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty.
GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident.
Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.”
GMX token trades at $13.24 in the one-week chart. Source: GMXUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Solana’s DePIN sector maintained strong operational activity in April 2026 as revenue stabilized above $2.5 million, according to Syndica’s latest Solana DePIN Deep Dive report.
The report tracked major Solana-based DePIN protocols, including Helium, Render, Hivemapper, UpRock, NATIX, XNET, and GEODNET. Collectively, these projects generated $2.8 million in April revenue, holding near March’s $2.9M after several months of rapid expansion.
Revenue Stabilizes While Rewards Continue to Decline Although revenue remained resilient, deployer rewards continued to weaken. In April 2026, Solana DePIN protocols collectively distributed $1.8 million in rewards, representing a 14% decline from March.
The decline suggests protocols may be shifting toward more efficient network participation models as operators adjust to changing market conditions and lower incentive payouts. Despite softer rewards, overall protocol usage remained elevated across several sectors, particularly wireless infrastructure.
Wireless Networks Continue to Dominate Activity Wireless-focused DePIN projects remained the largest contributors to network usage across the Solana ecosystem. In April 2026, Dabba Network, Helium Mobile, and XNET collectively delivered 44,000 terabytes of offloaded data. While this marked a slight 2% decline from March’s all-time high of 45,000 terabytes, activity still stood at 17 times the level from April 2025.
Helium Mobile continued to lead the sector. The protocol generated $2.3 million in April revenue, representing an 8% decline from March’s all-time high but still the second-strongest month in its history. Cumulative Helium Mobile revenue since January 2025 has now surpassed $20 million.
Network usage also remained strong. Average daily offload held steady at 111 terabytes while average daily subscribers climbed to a new record of 2.9 million users. The stable offload rate despite subscriber growth suggests that average usage per user remained consistent as the network expanded.
Dabba Network also maintained strong activity despite slowing deployment growth. The protocol consumed 40,000 terabytes of data during April, only 5% below March’s level. Cumulative network consumption surpassed 205,000 terabytes. However, new deployments slowed to 2,000 as attention shifted toward the $DBT token generation event.
XNET also continued posting operational growth. The network delivered 164 terabytes of offloaded data in April, up 9% from March and marking its third consecutive monthly all-time high. Cumulative XNET offload crossed 1,098 terabytes during the month, surpassing the 1 petabyte milestone.
Mapping and Location Protocols Show Mixed Trends Mapping-focused DePIN projects recorded uneven performance during April. Hivemapper processed 4 million mapping events and 10 million kilometers mapped during the month. These figures represented declines of 20% and 9%, respectively, compared to March. Notably, NATIX resumed token burns after pausing buy-and-burn activity for two months.
Elsewhere in the location infrastructure sector, Onocoy recorded accelerating growth. The protocol added 341 new minerstations during April, representing a 13% increase from March and its strongest expansion month since late 2025.
Wingbits launched its $WINGS token on April 22. By the end of April, cumulative claims reached 11.3 million $WINGS.
Ambios maintained elevated operating activity, captured 27 million new streams in April, holding close to March’s record levels.
Compute and AI Protocols Continue to Expand Compute, AI, and data-focused DePIN projects delivered mixed but generally improving results in April. Nosana showed signs of stabilization after several months of declining activity, while UpRock reached a new all-time high in revenue.
Render also continued recovering from earlier weakness. The protocol generated $221,000 in burn-based revenue during April, up 26% from March and marking the second consecutive month of gains following February’s low. April also marked the first time Render's revenue exceeded $200,000 since September, 2025.
Syndica’s report also showed that DePIN growth continues shifting between sectors rather than slowing uniformly across the ecosystem. Wireless networks remain the dominant revenue drivers, while compute and AI protocols increasingly attract attention through GPU integrations and infrastructure partnerships.
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Audius, a crypto-powered music streaming service, has announced a season of airdrops and rewards that will see 30 million AUDIO tokens handed out—valued at over $3 million—to users of the platform. The campaign was launched in celebration of Audius surpassing an all-time milestone of 250 million on-chain song streams from users.
The first season of AUDIO rewards kicks off with 2 million AUDIO tokens being airdropped to contributing artists in what is branded as the “Artist Appreciation Airdrop.” Token allocations are determined by an artist’s streams, sales, revenue, followers, and other factors. A total of 1,174 artists are eligible for the drop.
But this is just the beginning of a wider season of weekly rewards—which will also include listeners alongside artists.
"Artists have always been the motivation behind everything we do at Audius," CEO Roneil Rumburg said in a statement. "From day one, our vision was to become the backbone of a new music industry. With over 250 million on-chain streams now under our belt, we see it as a huge indicator that the market readiness for payments and rewards have finally arrived.”
Artists Come First 💜
Today marks the beginning of a new era for Audius. Airdrop 2: Artist Appreciation is now live, and new reward types will be going live weekly.
1000+ eligible users will receive an email, so check your token allocation and claim it!https://t.co/XdCNbWhvG1 pic.twitter.com/iEzGtrK4D6
— Audius 🎧 (@audius) February 12, 2025
Through its history, Audius has streamed music made by Skrillex, Deadmau5, Disclosure, and other prominent artists. Last September, the music platform rolled out its new “artist monetization program” which allows artists to freely set their own terms and pricing when listing downloadable “premium tracks” for sale. Plus, 10% of each payment is now allocated to the community treasury.
While its on-chain governance and backend is built on top of Ethereum, its monetization is built on Solana—which the company says has allowed it to scale to 250 million on-chain streams. As such, the season of airdrop and rewards will take place on Solana.
This airdrop campaign is the first since 2020, when the project first hit mainnet, and the second in its entire history. Audius isn’t looking to repeat the past, however. Instead, the company is expected to carry out further weekly airdrops which will include challenges that the entire ecosystem can take part in.
Through Season 1, which is expected to take a few months to complete, 30 million AUDIO tokens are set to be distributed as rewards—working out to 3% of its 1.5 billion token supply. After that, the project will consider a second season of rewards, but this has yet to be set in stone.
Edited by Andrew Hayward
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