Trading activity around Zcash (ZEC) on Solana has accelerated sharply, with the blockchain now accounting for a dominant 79% share of spot decentralized exchange (DEX) volume in this asset across all chains. The surge follows the proliferation of zenZEC, a wrapped version of Zcash launched on Solana that is issued 1:1 through a decentralized protocol called Zenrock.
How zenZEC works: Expanding ZEC’s reachZenZEC is designed as a wrapped Zcash token that brings ZEC’s privacy-focused features to the Solana ecosystem. This expansion enables users to interact with DeFi platforms on Solana using ZEC without needing direct access to the Zcash native network. The process is managed through Zenrock, a decentralized solution that leverages multi-party computation (MPC) for custody operations.
Through the Zenrock MPC network, native ZEC tokens are securely held, allowing an equivalent number of zenZEC tokens to be minted on Solana. This mechanism keeps the wrapped token’s value pegged to the underlying asset and allows ZEC holders to participate in Solana-based DeFi markets.
Mini dictionary: Zenrock is a decentralized multi-party computation (MPC) protocol enabling secure custody for digital assets and facilitating the issuance of wrapped tokens like zenZEC, allowing non-native assets to be used on blockchains such as Solana.
Solana’s growing ZEC marketSince its debut on October 31, zenZEC has recorded over $15 million in cumulative volume. Data from blockchain explorer Solscan shows more than 13,200 wallet addresses now hold the ZEC on Solana token, and decentralized exchanges on the network have registered 2.1 million swaps involving this asset.
Trading of zenZEC mainly occurs on Solana-based automated market makers (AMMs) such as Raydium and Orca. These platforms attract both retail and algorithmic traders due to their low transaction fees and deep liquidity pools, providing efficient ZEC execution and fast trade settlement.
MetriczenZEC on SolanaOther BlockchainsSpot DEX share79%21%Wallet holders13,200N/ACumulative swaps2.1 millionN/ATotal volume$15 millionN/AThis activity coincides with a milestone where Solana DEX supply for ZEC reached an all time low, making wrapped ZEC a more scarce and desirable asset for on-chain operations.
Network implications and ecosystem strategiesBridging ZEC to Solana not only increases access for ZEC holders without direct ties to the original chain, but also enhances Solana’s positioning among competing networks such as Ethereum and BNB Chain in attracting cross-chain liquidity flows.
The concentration of ZEC liquidity on Solana results in deeper order books and more efficient trade routing for users. However, reliance on Zenrock’s MPC custody framework and bridge infrastructure also introduces potential points of systemic risk for both traders and liquidity providers.
While Solana led ZEC spot DEX trading with a 79% market share, the ongoing expansion of bridges and wrapped flows highlights the growing demand for non-native assets within the network’s DeFi layer.
Blockchain explorer Solscan has become a valuable resource for regulators and analytics firms seeking real time data on ZEC supply and wallet distributions on Solana, even as Zcash’s inherent shielded transactions continue to obscure underlying transaction details.
What’s next for ZEC on SolanaLooking ahead, upcoming milestones for ZEC on Solana include expanding zenZEC total value locked (TVL), supporting lending and perpetual trading integrations on Solana, and further audits and attestation reports from the Zenrock team.
These developments may further cement Solana’s place as a leader in cross-chain asset activity and DeFi market share for privacy-focused cryptocurrencies like ZEC.
@injective has confirmed that its $INJ token is now live on Solana as a native SPL token, marking a significant step in the protocol's multi-chain expansion. Trading is handled by @Raydium, with pairs available against $SOL and other ecosystem tokens.
From Wrapped to Native Solana users were not without access to $INJ before this launch. A wrapped version of INJ had also been available through a Katana vault since 2024. The difference with this new listing is that no intermediary wrapper sits between the user and the token.
That is a modest float, consistent with a controlled rollout rather than a broad market debut.
What This Means for INJ Holders Bringing $INJ natively to Solana extends that reach to one of the busiest DeFi ecosystems in crypto.
The native SPL listing reinforces that positioning by removing the friction that bridged or wrapped tokens typically introduce for end users.
For Solana traders, the practical benefit is straightforward: $INJ can now be bought, sold, and used within Solana-native applications directly through @Raydium without leaving the ecosystem.
Sources:
Crypto Briefing: Injective Protocol's INJ token goes live on Solana
CoinMarketCap: Injective (INJ) Overview
INJ, the native token of the Injective protocol, is now swappable on Jupiter Exchange, giving Solana users direct access to the asset without needing wrapped versions or cross-chain workarounds. The integration went live on September 17, 2026, powered by Injective’s deployment on Solana through the Sunrise bridge.
How the integration works Jupiter’s routing engine aggregates liquidity from more than 20 Solana DEXes, including Raydium, Orca, and Meteora. When a user swaps SOL or any SPL token for INJ, Jupiter scans those venues to find the best available execution path.
The key detail: this is native INJ on Solana, not a wrapped derivative. The Sunrise bridge handles the cross-chain plumbing, minting INJ as an SPL token that behaves like any other asset in the Solana ecosystem. Users can hold it in Phantom, trade it on Raydium, or route swaps through Jupiter’s interface.
Jupiter’s Ultra mode layers on additional features for the swap experience, including auto-slippage adjustment and MEV protection. Auto-slippage dynamically sets tolerance based on market conditions, while MEV protection shields traders from sandwich attacks.
Raydium is listed as a launch partner, with additional DEX integrations expected to follow.
What this means for Injective and Solana Jupiter itself has come a long way since its October 2021 launch as a simple swap aggregator. The platform now offers perpetual contracts, lending services, and its own governance token, JUP, and its aggregation layer covers thousands of SPL tokens across more than 20 Solana DEXes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana has regained ground above $100, recording approximately 1.5% gains in the latest trading session. This moves SOL back over an important psychological and technical threshold after a brief dip below this level earlier in the week. The $95–$100 zone now acts as a critical support area established during the asset’s upward breakout in August.
Fed rate hike pressures crypto sentimentThe U.S. Federal Reserve implemented a 25 basis point interest rate increase on Wednesday, marking its first policy move of this kind since July 2023. The new target range for the benchmark interest rate now stands at 3.75% to 4.00%. Policymakers pointed to ongoing inflation pressures as their primary motivation for the hike.
Following the Fed’s announcement, the U.S. dollar hit its highest point in seven weeks, putting additional pressure on dollar-denominated assets like cryptocurrencies. Higher rates can reduce appetite for speculative investments by enhancing the appeal of fixed-income securities and cash.
Shortly after the policy move, Bitcoin experienced noticeable volatility, with prices falling sharply before stabilizing as traders assessed the Fed’s outlook. Analysts note that continued dollar strength and tighter monetary conditions may weigh on the broader crypto market in the short term.
In response to stubborn inflation, the Federal Reserve lifted interest rates by 0.25 percentage points, marking the end of its longest rate pause since 2008 and sparking volatility across both traditional and crypto markets.
Technical outlook for SolanaSolana climbed rapidly from around $70 to above $100 during August, breaking through a significant resistance zone between $90 and $97. This level now acts as support and will likely determine the next phase of price action for SOL.
Technical indicators like the relative strength index (RSI) have cooled from overbought conditions. Currently, Solana’s daily RSI is at 53, down from readings above 80 during last month’s rally. Market participants are watching this balanced territory for signs of further directional bias.
Analyst Celal Kucuker described a scenario in which SOL could advance from $59 to $1,000 if its weekly chart forms a parabolic structure, with $59 considered a potential major bottom. He emphasized the speculative nature of this projection.
Kucuker highlighted, “Technically, $1,000 is possible if this weekly structure develops into a parabolic move, with $59 as a potential major bottom. However, this remains only a forecast.”
Regulatory and legislative developmentsEfforts to advance cryptocurrency regulation encountered a setback in the U.S. Senate, as lawmakers failed to pass the Digital Asset Market CLARITY Act. This legislation aimed to clarify digital asset oversight, dividing responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
While the bill received a simple majority, it fell short of the 60-vote supermajority required to progress. The outcome prolongs regulatory uncertainty in U.S. crypto markets, leaving current agency rules and courts as the main sources of market guidance.
After the failed vote, both Bitcoin and major crypto-related stocks dropped, with altcoins like Solana seeing renewed selling pressure.
In a positive step for conventional market access, regulatory authorities recently approved changes allowing Nasdaq-listed exchange-traded products (ETPs) linked to Solana and rival asset XRP. This development provides additional avenues for institutional and retail investors to gain exposure to SOL via established equity platforms.
Mini dictionary: ETP (Exchange-Traded Product), a financial instrument traded on stock exchanges that tracks underlying assets such as stocks, bonds, or cryptocurrencies, allowing investors indirect exposure without direct ownership.
Key support and resistance levelsAnalysts identify the $95–$100 zone as critical support for Solana, with resistance levels at $105 and $110. If SOL fails to maintain its current range, a secondary support area lies near $83.90.
LevelType$95–$100Primary support$105First resistance$110Second resistance$83.90Secondary support
Russia’s Moscow Exchange (MOEX) said on 16 September that it will begin trading perpetual futures on five cryptocurrency indices on 22 September, widening a crypto derivatives line that has so far been limited to a single Bitcoin contract. The new instruments, covering Bitcoin, Ether, Solana, Ripple’s XRP and Tron, will be open only to qualified investors and are cash-settled with no delivery of the underlying asset, according to the exchange’s announcement.
Five contracts with auto-rollover and ruble settlement The perpetual contracts are listed as BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF and TRXUSDF, each tracking a corresponding MOEX index under the codes MOEXBTC, MOEXETH, MOEXSOL, MOEXXRP and MOEXTRX. They are quoted in U.S. dollars as the value of the underlying index but settle in Russian rubles, with funding calculated using parameters of K1 equal to 0% and K2 equal to 0.35%. The exchange described the instruments as cash-settled daily futures with automatic rollover, meaning they carry no expiry date and no physical delivery of the digital assets. Perpetual futures, it added, give professional participants and their clients an additional way to diversify within the crypto-assets market.
Exchange cites demand and its legal framework Maria Patrikeeva, managing director of the derivatives market at Moscow Exchange, framed the launch as a milestone for Russia’s derivatives market and said the exchange sees high demand from investors for derivative instruments on digital assets. Providing access within the Russian legal framework is essential, she added, because the exchange’s infrastructure guarantees settlement reliability, transparent pricing and protection of traders’ rights. Since the first crypto futures debuted last summer, more than 72,000 qualified investors have traded them, with total volume exceeding 600 billion rubles, the exchange said.
A widening line of institutional crypto products The new contracts join the 31 perpetual futures already offered by MOEX across currencies, indices, precious metals and securities. The exchange first entered crypto derivatives in June 2025, when it listed Bitcoin futures for qualified investors under the IBIT ticker. Its derivatives market is the leading venue for trading derivative instruments in Russia and Eastern Europe, and the expansion arrives as perpetual futures have become a defining venue for crypto speculation globally, a trend reflected in BlockchainReporter’s look at how exchanges use perpetual contracts to trade assets around the clock.
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Solana rose 3.5% in the past 24 hours to trade near $100 on September 17, extending its rebound after dropping below $96 earlier in the week. According to CoinGecko, SOL’s price at the time of writing was $100, reflecting a gain of 0.3% in the past hour and 31.6% over the last 30 days.
Recovery driven by fresh demand and MOEX futures launchSOL’s latest move coincided with the Moscow Exchange (MOEX) announcing plans to introduce perpetual futures tied to its Solana index, scheduled for September 22. MOEX is the largest securities exchange in Russia, providing market infrastructure for equities, bonds, derivatives, and foreign exchange trading. The exchange unveiled this product on September 16 alongside similar contracts for Bitcoin, Ether, XRP, and Tron.
The new contracts will function as one-day futures with automatic rollover, accessible only to qualified investors. Prices for these contracts will be listed in US dollars, while settlement will take place in Russian rubles, with no physical delivery of the underlying cryptocurrencies.
MOEX reported that more than 72,000 qualified investors have participated in its crypto-linked futures, generating a cumulative turnover exceeding 600 billion rubles.
Solana’s rebound began after falling from an opening price near $102.59 on September 15, closing the day at $96.93, with an intraday low below $96. The token recovered by 1.73% on September 16, followed by another upward move that lifted it back above $100.
Macro pressures from US Federal Reserve policyUS monetary policy continues to influence cryptocurrency markets. The Federal Reserve raised its benchmark interest rate by 25 basis points on September 16, bringing the target range to 3.75%–4%. This increase marks the first hike in over three years. Median projections from Federal Reserve officials indicate a possible additional quarter-point increase before the end of 2026. Following the rate decision, the dollar strengthened and short-term Treasury yields climbed, while Solana recovered from its previous decline.
Rising borrowing costs remain a key macro factor as the Fed addresses persistently high inflation.
Institutional and technical developmentsInstitutional access to SOL remains under focus, as regulated products such as spot Solana exchange-traded funds continue to offer exposure. Although recent flows have been smaller than earlier accumulation periods, the MOEX listing provided a fresh catalyst behind Thursday’s positive price action.
Separately, Solana’s Alpenglow upgrade is anticipated as a significant network development. This proposed consensus system aims to replace TowerBFT and reduce transaction finality time to approximately 150 milliseconds, down from the current 12.8 seconds.
Mini dictionary: Alpenglow is an upcoming Solana consensus protocol upgrade, designed to reduce transaction finality times and improve network scalability by replacing the TowerBFT mechanism.
Mainnet activation for Alpenglow has been expected during the third quarter of 2026, in line with Anza’s Agave 4.3 release schedule.
SOL price analysis and technical outlookOn the daily chart, Solana traded near $100 following a retracement from its late August high around $110. The recent decline reached the $96 to $97 range before buyers returned, establishing $97.16 as the nearest support and $109.32 as a resistance target.
Technical indicators show the trend remains intact. The Directional Movement Index reveals an ADX reading of 41.64, signaling strong momentum, with the +DI line at 24.99 above the −DI at 14.88. The gap between these directional lines has narrowed, reflecting some moderation in upward momentum.
“A daily close above the recent $103 to $105 trading area could shift focus to the $109.32 resistance. Breaking above this level would put late August and early September highs in play, potentially opening a path toward $112.50 and $115. Conversely, failure to maintain the $97.16 support would weaken the recovery, with further downside toward $94 to $95 and then $90,” analysts noted.
On the 4-hour chart, SOL’s Rate of Change indicator has climbed to 3.42 after dropping below zero during the September 15 selloff. Price has followed this move back into positive territory, rebounding from below $97 to just over $100.
The Accumulation/Distribution line, now at 139.93 million, has turned higher after a period of decline, though it remains below its early September peak above 142 million. This indicator’s rise corresponds with SOL’s price recovering from the $96 region.
Price AreaSupportResistanceImmediate$97.16$102.50Short-term$94–$95$105Mid-term$90$107.50–$110Long-term–$112.50–$115A break above $105 would bring the $107.50 to $110 region into focus. If SOL is rejected below $102.50 and drops through $97, the next target would be the $95 range, further weakening the current support structure.
Family offices have developed a clear fondness for Solana. Hyperliquid is a different story: the interest is there, but it is still more curiosity than conviction.
That is the broad takeaway from CoinShares researcher observations published in July 2026, which place both Solana and Hyperliquid at the center of one of crypto’s fastest-growing sectors: prediction markets.
A market that grew tenfold in nine months Combined monthly notional volume across major platforms climbed from $4.5B in September 2025 to $43.7B in June 2026, according to CoinShares’ July 16 report.
Solana’s protocols generated roughly $1.4M in monthly revenue from April through June 2026. Applications like Phantom and Jupiter serve as on-ramps, routing users between networks and giving Solana a distribution advantage that newer chains have to work harder to replicate.
Hyperliquid launched its HIP-4 outcome markets on May 2, 2026. Within the first nine weeks, those markets recorded $331.1M in cumulative notional volume.
Where family offices actually stand Family offices are taking positions in Hyperliquid carefully, primarily through equity stakes in treasury vehicles linked to Hyperliquid rather than direct token holdings.
CoinShares has also made it easier for institutions to access both assets without navigating self-custody, offering ETP products that provide exposure to both SOL and HYPE.
What prediction markets have to do with any of this Hyperliquid, which already operates a high-performance on-chain order book for perpetual futures, extended that same architecture into outcome markets with HIP-4.
The CoinShares report positions both networks as indirect beneficiaries of prediction market growth rather than the prediction markets themselves, suggesting the investment case is structural, tied to sustained platform activity and protocol revenue, rather than dependent on any single event cycle driving a temporary volume spike.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stablecoins are moving closer to traditional financial infrastructure as Column, a federally chartered U.S. bank with $1.77B in assets, launches native stablecoin banking rails.
The bank now supports $USDC and $USDT conversions between crypto networks and fiat currencies around the clock, with Solana serving as its default blockchain alongside Ethereum and other major networks. Column says the system already processes tens of billions of dollars in annualized volume.
The move comes as financial institutions, fintech companies, and regulators continue to debate how stablecoins will fit into the global payments system.
Stablecoins Integrated Into Banking Core Stablecoins have traditionally depended on multiple layers between blockchain networks and traditional banking systems. A user receiving stablecoins might need to wait for banking hours, rely on prefunded accounts, or move funds through third-party providers before accessing dollars.
Column built stablecoins directly into its banking core instead. The company says stablecoin addresses and bank accounts live on the same ledger, letting customers convert $USDC and $USDT into fiat instantly without relying on intermediaries or maintaining prefunded balances.
Customers can receive $USDC on Solana on a weekend and send dollars through payment networks such as RTP immediately. They can also debit traditional bank accounts through ACH, send stablecoins to wallets, or convert digital dollars into international payments through systems such as SWIFT.
"Stablecoins aren't a crypto product. They're dollar infrastructure, and their usefulness is a function of the network beneath them: how fast it settles, what it costs, and its reliability. Column made them native to a bank with Solana as the default network, and moved the frontier of financial services from theory into production." - Amelia Daly, head of partnerships, Solana Foundation
Why Solana Matters for Stablecoin Payments Solana has become a major network for stablecoin activity. A Solana Foundation report highlighted how stablecoins could reshape remittances by reducing settlement times and lowering costs in international money transfers.
Traditional remittances often involve fees, multi-day settlement periods, and large amounts of capital locked in prefunded accounts. The report noted that sending $200 internationally costs an average of 6.49%, while settlement can take 3 to 5 business days.
The report argues that stablecoins on high-speed blockchains can enable faster, more efficient payment flows, especially for users in regions with limited access to traditional financial services.
Stablecoins Enter the Broader Banking Stack Column launched its stablecoin product after observing the challenges of building stablecoin payment experiences, with fintech companies including Slash and Brex already using it.
The company also introduced additional financial products, including full-stack card issuing, global banking accounts, and multicurrency accounts with local payout capabilities.
For stablecoin-backed cards, Column says companies can authorize spending against actual stablecoin balances rather than relying on prefunded capital. It also supports settlement with Visa and Mastercard through stablecoins without requiring additional fiat settlement accounts.
The broader goal is to allow companies to build financial products through a single banking integration instead of combining multiple banks, processors, and infrastructure providers.
Stablecoin Regulation Remains a Key Debate Column’s launch arrives during ongoing U.S. policy discussions around stablecoins. Banking groups have urged lawmakers to place stricter limits on stablecoin rewards, arguing that certain programs could encourage customers to move deposits away from traditional banks.
The debate formed part of discussions around the proposed CLARITY Act, which focused on establishing a regulatory framework for digital assets. The legislation failed to advance in the Senate, leaving regulators such as the SEC and CFTC to continue shaping crypto policy through their existing authorities. Despite regulatory uncertainty, financial companies continue building stablecoin products.
Read More on SolanaFloor Yet Another Launchpad? New Paid Launchpad Wants to Make Token Fee Sharing Native to X
Senate Rejects CLARITY - But Does it Even Matter?
Bitcoin and altcoins experienced sharp declines after the Senate vote on the Clarity Act stalled. Following this, the US Federal Reserve (FED) raised its benchmark interest rate for the first time in three years. However, despite the series of negative news, BTC showed a relatively limited reaction, maintaining its pre-decision level of $76,000.
While volatile movements continue in altcoins, Luke Nolan, Senior Research Analyst at European-based digital asset manager CoinShares, noted that family offices are beginning to examine the digital asset ecosystem more closely.
CoinShares Analyst: Family Offices Examine Solana and Hyperliquid! In a recent interview, Nolan stated that his family offices have been specifically researching the Solana ecosystem and the decentralized derivatives exchange Hyperliquid.
Nolan says that the family offices are bullish on Solana, but are still learning about Hyperliquid.
Nolan stated that interest in digital assets is increasing among more conservative institutional capital, such as family offices, but that it may take time for this to translate directly into widespread adoption. According to the analyst, it naturally takes a long time for investors to evaluate a new technology or asset class and understand its risks and use cases.
“Although the interest is very high, it will still take time for those from slower-moving groups. And I think that’s natural. It took them a long time to understand Bitcoin, too.”
The Bitcoin and Solana Example! At this point, Nolan noted that the process is similar to the phased approach seen in the adoption of Bitcoin and Solana. He stated that it takes time for institutional investors to build trust in new digital assets, and that this process is influenced not only by price movements but also by the development of real use cases within the ecosystem.
*This is not investment advice.
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Galaxy Digital’s curation division is planting a flag on Solana. Galaxy Curation has launched two new vaults on Kamino, bringing its audited risk strategies and single-asset yield management to what is currently Solana’s largest lending protocol.
What Galaxy Curation actually does The firm’s Kamino USDT vault targets a moderate-risk profile, spreading liquidity across multiple lending pools rather than concentrating exposure in a single protocol. The appeal for institutional depositors is legibility. They get a clearly defined risk framework, audited strategy logic, and a single asset they already hold: USDT. No wrapping, no bridging complexity, no manual position management.
Kamino’s curator ecosystem is getting crowded Galaxy Curation is joining a platform that has been quietly building out one of DeFi’s more functional institutional layers. Kamino now hosts over 80 active vaults, with security features including whitelisted reserves that restrict which assets can flow through each vault.
Gauntlet, one of the more established risk management firms in DeFi, launched two vaults on Kamino in November 2025: Gauntlet USDC Prime and SOL Balanced. Gauntlet manages a total volume exceeding $2B across DeFi, and its Kamino vaults use dynamic allocation and real-time risk monitoring to adjust positions as market conditions shift.
Hyperithm joined as an institutional curator on June 30, 2026, launching the USDC Apex Vault with an initial yield of approximately 6.77% APY. RockawayX has also joined the curator roster, broadening the range of risk appetites and strategy types available to depositors.
Binance Wallet users contributed $100M in deposits to Kamino’s vault products. Cumulative aggregated deposits across Kamino vaults have reached into the hundreds of millions. Kamino’s native token, KMNO, adds another dimension for participants in curated vaults, functioning as a rewards mechanism layered on top of base lending yields.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL) registered an uptick of 2.49% in the last 24 hours to hit $99.03 on the charts. Its gains were slightly more substantial than the broader market’s more modest recovery.
The move came on the back of traders responding positively to Solana’s recent network upgrades, while Layer 1 tokens also witnessed renewed interest.
Despite these encouraging factors though, SOL remained below $100. Can bulls push the recovery further?
Solana’s daily chart points to consolidation Source: SOL/USDT, TradingView SOL has been trending slightly lower since its recent bullish rally; however, the pullback has remained controlled as the bulls have continued to defend the 38.6% Fibonacci retracement at $95.15.
This level was broken in late August and it has since held as an important part of the token’s broader price structure. Additionally, the price seemed to be approaching the 23.6% Fibonacci level at $101.16 at press time. However, reclaiming this zone could prove difficult without stronger momentum.
Technical indicators also supported the likelihood of consolidation. The RSI sat just above neutral at 52, while the OBV had started to flatten. With momentum limited, it could leave room for SOL to consolidate and hold its ground rather than immediately extend its recovery.
For now, the 38.6% Fibonacci level remains important to the broader structure. As long as SOL continues to hold above it, its recovery will remain intact. Even if the price spends more time moving sideways.
SOL’s 4-hour chart gives bulls a chance despite weak momentum Source: SOL/USDT, TradingView The 4-hour chart offered bulls a little more encouragement. SOL fell over the past 48 hours, eventually hitting the 61.8% Fibonacci retracement at $94.46. The level sits within the golden pocket though and attracted buyers, helping SOL recover.
In fact, SOL has since broken above the 50% Fibonacci level at $99.16, putting this level in focus. This recovery wasn’t supported by convincing momentum though. The 4-hour RSI was at 51, while the OBV had just started to tick higher.
A sustained hold above $99.16 could give bulls room to extend the recovery, particularly if buying volume picks up. If the broader downtrend resumes and SOL falls back below this level, $94.46 will be the next key test.
The 61.8% Fib is particularly important because SOL is yet to break it since its recent bullish rally. As long as the bulls are able to successfully defend this level, the short-term recovery structure will be preserved.
Even if a move back towards $94.46 happens, it wouldn’t completely damage the broader daily setup. SOL would still be above the daily 50% Fibonacci retracement, giving it some leeway for the pullback to remain part of a wider consolidation rather than a complete reversal.
Final Summary SOL’s 4-hour 50% Fibonacci level at $99.16 is the immediate test of whether bulls can sustain recovery. If the $95-$100 demand zone is held, the token’s broader daily structure will remain intact.
Solana has emerged as the industry’s favorite venue for $ZEC DeFi, leading all chains in $ZEC trading volume and DeFi penetration as the network’s Zcash supply hits new all-time highs.
Growing $ZEC adoption on Solana comes as the private store of value surges to new all-time highs as currency debasement concerns wreak havoc in traditional markets.
Beyond floundering macro conditions, Solana’s flourishing $ZEC economy is gaining momentum due to an unlikely, but not unexpected, sector: Memecoins.
Solana’s $ZEC Supply Hits All-Time High With treasury yields roaring to their highest level in 10 years and the fears over currency debasement rippling through markets, capital is rotating back into “hard money”.
While in the TradFi world this means fresh liquidity flows into gold and silver, crypto markets are seeing a new, private, store-of-value steal the show.
Continuing its blistering run in 2026, $ZEC has recorded a new all-time high of $1,387. Driven by strong demand for one of the year’s best-performing assets, Solana’s onchain supply of wrapped $ZEC has climbed to an all-time high of its very own, with 97,942 $ZEC, valued at $131.9M, living on the network.
Solana Leads All Chains in $ZEC Trading Volume Given the lack of DeFi composability at scale on Zcash’s native chain, competing Layer-1’s are in the midst of a fierce tug-of-war to establish themselves as the de-facto venue for onchain $ZEC trading. While BNB currently boasts the largest supply, Solana has emerged as the most popular network for $ZEC trading activity, leading all chains in spot volume.
Another unique DeFi offering available on Solana is $ZEC lending markets. Through a recent collaboration with Allez Labs, Kamino has launched a Zcash credit market, enabling holders to borrow against their $ZEC holdings.
Since launch, the market has amassed over 1,510 $ZEC, valued at over $2M. While still in its infancy, Kamino’s embrace of $ZEC credit markets demonstrates Solana’s capacity to bring liquidity from networks across the industry into one DeFi-forward chain, giving $ZEC holders access to financial tools that are unavailable natively on Zcash.
$ZCAT Drives $ZEC Distribution Of course, one can’t talk about $ZEC’s prolific growth on Solana without recognizing one of its greatest catalysts. Launched through Stonk and paired directly with $ZEC, $ZCAT has undoubtedly been one of the biggest distributors of Zcash across Solana DeFi.
Since launch, $ZCAT rewards have distributed over $8.2M in $ZEC to holders, spreading 6.1k $ZEC tokens among tens of thousands of wallets.
$ZCAT has naturally been one of the key volume drivers for Solana’s $ZEC markets, demonstrating the momentum and activity that memetic euphoria can bring to more established crypto assets.
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Hyperliquid, the perpetual futures-focused Layer-1 blockchain, now holds more circulating USDC than Solana. According to data from the Hyperliquid ecosystem tracker hl.eco, the network’s USDC supply has reached approximately $6.73 billion, narrowly exceeding Solana’s $6.72 billion.
That makes Hyperliquid the second-largest chain by circulating USDC, trailing only Ethereum.
How Hyperliquid got here The bulk of Hyperliquid’s USDC, roughly $6.28 billion, comes from native issuance on HyperEVM, the chain’s Ethereum-compatible execution layer. A smaller legacy pool of about $453.6 million remains bridged from Arbitrum, a holdover from Hyperliquid’s earlier architecture.
USDC now accounts for approximately 98% of Hyperliquid’s total stablecoin supply, which sits at $6.85 billion. USDC functions as the primary collateral for Hyperliquid’s perpetual futures markets, with the protocol’s entire margin system built around it.
Partnerships with Circle and Coinbase, established around May 2025 to 2026, have supported the minting and treasury infrastructure that enabled this scale, giving Hyperliquid direct access to USDC issuance pipelines rather than relying solely on bridged supply from other networks.
Solana’s USDC dip adds context In late August 2026, Solana’s USDC supply had surged to approximately $8 billion after Circle processed roughly $11 billion worth of mints that month alone. That number has since pulled back to $6.72 billion.
The HYPE flywheel Hyperliquid’s protocol design creates a feedback loop with its native HYPE token. The platform routes a portion of yield generated from USDC reserves toward HYPE token buybacks and burns. More USDC deposits mean more reserve yield, which means more buying pressure on HYPE.
What this shift means for stablecoin distribution Hyperliquid represents a chain where nearly all stablecoin activity serves a single vertical. It’s not trying to be a general-purpose smart contract platform. It’s a derivatives exchange that happens to be its own blockchain, and traders are parking billions in USDC there to use it.
For Circle, the USDC issuer, having significant USDC supply distributed across Ethereum, Hyperliquid, Solana, and other chains reduces concentration risk and expands the stablecoin’s utility across different market segments.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana price rose back above $100 after buyers defended the $95–$96 support zone, but technical resistance and concentrated liquidation levels near $102 could determine whether the rebound develops into a wider recovery.
Summary
Solana price rebounded from $96.23 and traded near $100.50 on Thursday. Aroon Up reached 85.71%, showing that short-term bullish momentum had returned. The 4-hour Supertrend remained bearish, with resistance positioned near $102.80. Liquidation clusters between $101 and $102 could increase volatility during another recovery attempt. Solana price rebounds from $96 support Solana (SOL) price traded near $100.50 after recovering from a 24-hour low of $96.23, according to the daily chart. The rebound followed a sharp sell-off linked to the US Senate’s failed procedural vote on the CLARITY Act and the Federal Reserve’s 25-basis-point rate increase.
The daily chart shows that SOL briefly moved below $100 before buyers entered around the $95–$96 area. The recovery carried the price back to the Murrey Math major support and resistance pivot at $100.
Holding that pivot would improve the short-term structure following the decline from the late-August peak near $110. However, the asset has not yet cleared the lower highs formed during September, leaving its broader recovery incomplete.
Crypto analyst Ella identified $95–$96 as the level Solana needed to defend. She said SOL fell to $96.13 around the Fed decision before bouncing to $98.72 and outperforming Bitcoin and Ethereum during the initial recovery.
“Get back above it and yesterday’s damage starts to look repairable,” Ella wrote, referring to the $100 level.
The analyst warned that another loss of $96 could cause the rebound to fade quickly. SOL’s recovery above $100 therefore needs confirmation through sustained closes rather than a brief intraday move.
Momentum improves, but Supertrend remains bearish The daily Aroon indicator favors buyers after the rebound. Aroon Up stood at 85.71%, compared with an Aroon Down reading of 21.43%. The gap suggests that a recent high carries more weight than the latest low within the indicator’s 14-day lookback period.
Solana price daily chart — Sep. 17 | Source: crypto.news SOL must continue holding $100 for that momentum signal to remain constructive. The next daily resistance appears at $106.25, marked as the top of the current Murrey Math trading range.
A daily close above $106.25 would strengthen the case for a return toward $110 and the next major pivot at $112.50. Higher resistance sits at $118.75 and $125, although SOL would first need to break its September sequence of lower highs.
The 4-hour chart remains less supportive. SOL traded below the Supertrend level of approximately $102.80, keeping the indicator’s short-term signal bearish. Price must reclaim that level before buyers can argue that the latest correction has ended.
Solana price 4-hour chart — Sep. 17 | Source: crypto.news The Awesome Oscillator also remained slightly below zero at about -0.76. Its negative bars were contracting, however, suggesting that bearish momentum was losing strength as SOL recovered from $96.
A move above the zero line would confirm improving 4-hour momentum. Failure to do so could leave the latest advance vulnerable to another rejection between $101 and $103.
SOL liquidation map puts $102 in focus The three-day CoinGlass liquidation heatmap shows a dense concentration of leveraged positions immediately above the current price. The brightest nearby bands sit around $101.30 and $101.80–$102, making that zone a potential target during an upward move.
Solana liquidation chart | Source: CoinGlass A push into those levels could liquidate short positions and help SOL test the 4-hour Supertrend resistance at $102.80. Additional liquidity appears around $105 and $105.70, close to the upper end of the $101–$106 resistance region visible on the price charts.
Liquidity also remains below the market. The clearest downside concentrations appear near $99, $96, and $95.50. Losing $99 could therefore pull the price back toward the defended $95–$96 zone as leveraged long positions come under pressure.
The heatmap does not establish price direction on its own. It instead identifies areas where forced position closures could add speed to an existing move. With sizable liquidity on both sides, a break from the $96–$103 range may produce a sharper move than the recent consolidation suggests.
Solana bulls face resistance between $102 and $106 The immediate bullish case depends on SOL holding the $100 pivot and breaking $102.80. Clearing the 4-hour Supertrend could open a move toward $105 and the daily resistance at $106.25.
Rand Group said Solana continued to defend horizontal support while pressing against a local downtrend. Its shared chart showed the asset compressing beneath descending resistance after recovering from its midyear lows, a structure the firm described as a possible breakout setup.
DeFi Development Corp.’s reported $300 million financing facility for SOL treasury purchases could provide a separate source of demand. However, its potential market impact will depend on the pace and execution of any purchases under the facility.
The bearish case would strengthen if SOL loses $99 and closes below $96. A breakdown beneath that support would invalidate the latest rebound and expose the Murrey Math level at $93.75. Further selling could bring the $87.50 pivot into view, while the wider chart places major support at $75.
For US investors, the next move may remain sensitive to changes in Treasury yields and expectations for another Fed rate increase. The CLARITY Act setback also leaves regulatory uncertainty in place for smart-contract platforms and other altcoins.
SOL has absorbed the initial policy and rate shocks without breaking its main support, but buyers still need a sustained move above $102.80—and ultimately $106.25—to confirm that control has shifted back in their favor.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
INJ is officially live on Solana thanks to Sunrise with major dApps such as Raydium and StonkFun joining as day one launch partners.
Together, Injective and Sunrise are providing Solana users with unparalleled access to INJ and while empowering builders with a new asset to create new markets. This also marks Injective’s first major expansion into the Solana ecosystem with direct token access and utility for INJ across Solana.
Users can trade INJ across Solana apps and wallets such as Phantom while also creating brand new markets such as tokenized stocks paired with INJ through platforms like StonkFun. Initial liquidity pools for INJ are live on Raydium which users can leverage to trade INJ and expand its presence across the broader Solana ecosystem moving forward.
Official INJ CA on Solana: 1NJMqVM4PadjuzYmeB7zV7q7DV8oB3ExaQCd9x6KsLz
How Sunrise WorksSunrise connects assets from other networks to Solana’s trading infrastructure. It coordinates an official Solana token version with liquidity and integrations, giving trading venues and applications a shared asset to support.
For INJ, Sunrise brings that access together with launch liquidity seeded exclusively on Raydium. Solana users can trade INJ on their network, while creators can choose INJ as the base pair to create new tokens via platforms such as StonkFun.
Build a Token Market Around INJStonkFun now supports INJ as a base pair. That gives every creator using the platform another choice for how to launch a token and which community to build around.
The mechanics are direct. A creator launches a token paired with INJ. Traders exchange INJ for that token, and sell the token back into INJ. The pair connects the new market to INJ from its first trade. This in turn provides more utility and usage for INJ.
Raydium Hosts Day 1 Launch LiquidityRaydium is the liquidity venue for the launch. As Solana’s largest dex to date, INJ now gets a direct spotlight for all users currently on Solana.
Trading access can expand around that liquidity on Raydium. As additional interfaces, dApps and DEXs can now integrate INJ. Users can reach supported markets through the products they already use. Each new interface does not require its own allocation of launch liquidity, which allows INJ to rapidly grow its respect across a myriad of new dApps on Solana.
More Integrations on SolanaAdditional Solana integrations are coming soon. Their potential uses span trading, wallets, market data and lending. Each partner’s supported functions and rollout timing will determine what users can do next.
Here are just some examples of upcoming use cases for INJ on Solana:
Jupiter and Titan can offer potential routes for swapping into and out of INJ through familiar trading interfaces. DFlow may add a potential execution route for applications that need to source and complete INJ trades. These connections would bring INJ to users where they already trade.Wallet support brings the asset closer to everyday use.
Phantom can serve a major role for holding, sending and getting INJ on Solana. Backpack and OKX can extend that scope across both wallets and exchanges, including potential trading, deposits and withdrawals over Solana.Discovery matters for traders and builders.
Orb can help users inspect INJ transfers and follow market activity. Birdeye will offer potential price, volume and trading data coverage, giving users a clearer view of active INJ markets. Fomo may add a potential social trading channel for discovering INJ and following how other traders interact with it.Lending adds another use for an asset once it reaches a new network.
A potential INJ market on Kamino could let holders supply INJ to earn interest or use it as collateral to borrow other assets. Those functions depend on the market and collateral parameters Kamino supports.Meteora can offer a potential path for future INJ liquidity strategies, including supplying liquidity and earning trading fees. Any deployment there would follow a separate rollout.Injective RWAs will Expand Further than Ever Before with SolanaInjective’s expansion to Solana comes as Injective brings billions of dollars in institutional assets onchain. Now a new legion of Solana users can interact with Injective’s evergrowing base of RWAs, enabling Injective to continue accelerating its RWA dominance to new heights.
Injective is also the first layer-1 blockchain to obtain an SEC registered transfer agent. The affiliated entity can maintain authoritative securities ownership records and process ownership changes, giving issuers access to transfer agent services alongside Injective’s onchain infrastructure. This has directly seen Injective begin to emerge as a category leader in RWAs with Pineapple Financial recently tokenizing more than $1 billion in residential mortgage records on Injective.
In the coming months, Injective will also begin to roll out its proprietary new platform: Injective Mint. This will give institutions and everyday users a single interface to issue and manage tokenized assets without writing custom contracts. Issuers can define eligible holders, configure issuance, and assign custodians directly onchain.
Start NowINJ now has unmatched access across Solana. Trade and use INJ to launch brand new tokens and communities. Together with Sunrise, Raydium and StonkFun, we’re giving both communities a direct way to put that access to use.
Trade INJ on Solana or launch your next token paired with INJ. And stay tuned as we introduce more Solana launch partners in the coming weeks and months.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
The Moscow Stock Exchange (MOEX), Russia's largest securities exchange, has announced it will launch perpetual crypto futures trading for Bitcoin, Ethereum, Solana, XRP, and Tron.
While regulations for Bitcoin and altcoins continue in Russia, the Moscow Stock Exchange (MOEX) has made a new move.
Accordingly, the Moscow Stock Exchange (MOEX), Russia’s largest securities exchange, announced that it will launch crypto perpetual futures trading for Bitcoin, Ethereum, Solana, XRP, and Tron.
MOEX Launches Perpetual Futures for 5 Cryptocurrencies! According to the official announcement, the Moscow Exchange will launch perpetual futures trading linked to BTC, ETH, SOL, XRP, and TRX on September 22nd. These new products will only be available to investors defined as “qualified investors” under Russian legislation.
Contracts Indexed to the Dollar, to be Reconciled with the Ruble! According to MOEX’s announcement, the new contracts will be traded under the ticker symbols BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, and TRXUSDF, respectively.
The announcement stated that BTC, ETH, SOL, XRP, and TRX will be priced in US dollars, while payments will be processed in Russian rubles. The underlying crypto assets will not be physically delivered to the investor during these transactions.
Interest in Crypto Derivatives is Growing! MOEX announced that more than 72,000 qualified investors have traded in its first digital asset-linked futures contracts since their launch last summer. Total trading volume has exceeded 600 billion rubles.
At this point, the exchange stated that the new products represent a significant step towards expanding the cryptocurrency derivatives market in Russia.
*This is not investment advice.
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TL;DR: We are proposing to bring ZETA to Solana, and with it Anuma: a private multi-model AI app with 300,000 users, one memory across every model, and a new beta feature for real-life social discovery. ZETA would become a native SPL token, 1:1 and under the same ticker. The proposal is on ZetaHub. Voting opens Sept 17 and runs 72 hours. Nothing moves before ZETA holders vote. Anuma is live today. Try it.
AI is getting personal. It knows your health, your relationships, and your plans, and today that knowledge belongs to whichever model provider you use. We think it should belong to you and reach a model only when you decide.
We started ZetaChain in 2021 to connect chains. This year we found our product, the Private Memory Layer: one encrypted memory that follows you across every AI model, app, and agent, with your wallet holding the keys and each model seeing only what you allow.
The layer powers Anuma, our private AI app. More than 300,000 people have joined since February, it has passed a million requests across 35 models, and thousands more sign up every day. Live numbers are at zetachain.com/research.
We have run the Private Memory Layer in production since February and are building the application layer on top of it. Solana is where the rest of the AI stack is being assembled, so we are proposing to move there, where any AI app or agent can build on it.
Why SolanaSolana is assembling the stack private AI needs.
Compute and models are opening up in what Solana calls open intelligence. Agents can prove who they are through the Agent Registry and pay for what they use through x402, where Solana carries most of the traffic: more than 20 million payments since July.
What Solana's AI stack still lacks is the application layer: an app people use every day, with memory that belongs to them and travels across models, apps, and agents.
That application layer belongs on Solana because the network is built for agent scale. Memory reads, agent calls, and metered inference need sub-second, sub-cent settlement, and Solana delivers it today, with confirmations in about 400 milliseconds and a median fee of about a tenth of a cent. In tests it has handled more than 100,000 transactions per second, which will let agents transact at machine speed.
It also has one of the deepest consumer crypto ecosystems anywhere, with seven straight quarters as the top chain for DEX volume and more than $15 billion in stablecoins, so agents can pay in the money people already use.
Every Anuma account is a wallet, so migration brings more than 300,000 users onto Solana on day one.
Private by default, todayPrivate memory protects what AI remembers about you. Private mode limits what a model sees.
Anuma challenges the status quo where every prompt, your whole chat history, and your personal context go straight to the model provider. The app sends only the context a request needs. A closed model provider never gets your memory or full history, identifiers can be redacted before a prompt leaves the app, and private mode routes to open models on zero-retention infrastructure. Nothing is logged or trained on.
This matters more as agents get more capable. An agent acting for you may need your preferences, relationships, finances, or messages, and it should use them without handing every model or service permanent access to everything it knows about you.
The newest Anuma feature, now in beta, extends private AI to real-life social discovery: finding people around you worth meeting.
ZETA on SolanaThe role of ZETAZETA is the token behind Anuma, and on Solana it becomes the token behind the whole application layer. In Anuma this already works through credits. Lock ZETA, receive credits, and spend them on AI usage. Locked ZETA comes out of circulating supply. As more AI apps and agents on Solana plug into the same layer, ZETA becomes the common access token across them. The move also changes the size of the world ZETA lives in, with DEXs that clear around $70 billion a month and payment rails built for agents.
The economic opportunityThe opportunity is a bigger role for ZETA: an ecosystem with more applications, more users, and more AI activity, where ZETA is what people lock to use it.
More applications bring more users. More users bring more AI activity. More AI activity brings more ZETA utility, and that brings more applications.
We will focus on three things:
Grow Anuma. A consumer AI product people keep using, built around memory, multi-model AI, and social discovery.
Open the application layer. Let other AI apps and agents on Solana build on it, so ZETA is used beyond a single product.
Build the Solana AI ecosystem. Work with the developers and partners building AI on Solana, and make the application layer and ZETA useful in their products.
Products people actually use come first, with ZETA demand growing alongside that usage.
For ZETA HoldersMost holders should not need to do anything.
What stays
The ZETA ticker and a 1:1 conversion, with total supply unchanged and no new tokens
Vesting schedules, on their original dates
Your balance, including locked and staked positions and Anuma credits in the Token Dashboard
ZETA on Ethereum and BSC, which this proposal does not touch
Anuma, the memory layer, and your privacy: memory stays encrypted with keys you hold, and conversations are not logged or trained on
What changes
The chain ZETA runs on: Solana instead of our own L1
The token standard: a native SPL token
Validators: Solana's, not a set we run
The ecosystem around ZETA: Solana's DEXs, wallets, and agent payment rails
Our focus: every contributor hour goes to ZETA, Anuma, and building on Solana
Holder protections are written into the formal proposal. Exchange conversions depend on each exchange confirming the swap, and the list of participating exchanges will be published before anything moves. What staking becomes on Solana, including how staking rewards transition, is under active exploration, and the proposal will specify the mechanism.
What Happens NextThe full proposal is on ZetaHub. Voting opens Sept 17 and runs for 72 hours. Read it and vote. Bring your questions to X or Discord.
Anuma is live. Try it now.
FAQDoes this change what I hold? No. You receive the same amount of ZETA on Solana, 1:1. Total supply is unchanged, no new tokens are created, and vesting schedules keep their original dates.
When would the migration happen? There is no date yet. Voting runs Sept 17 to 20. After that, timing depends on exchanges confirming the swap, and the formal proposal will carry the dates. Nothing moves before it passes.
What happens to the ZetaChain network, and why not just bridge? If the vote passes, the ZetaChain L1 winds down once holders have moved. Until then, validators keep validating and staking keeps working. A bridge would not work: a wrapped token needs the original locked on a chain that will no longer exist. Instead, a native SPL token becomes the only ZETA, and the proposal will define how balances move.
What if the vote fails? ZetaChain continues as an independent L1 and nothing about the token changes.
About ZetaChainZetaChain is building the application layer for private AI: user-controlled memory, identity, permissions, and payments that work across AI models, apps, and agents. Its first consumer product is Anuma, a private multi-model AI app with one memory across every model, joined by more than 300,000 people since February. The next phase is bringing that application layer to Solana and opening it to a broader ecosystem of AI apps and agents.
Follow ZetaChain on X (Twitter) and join the conversation on Discord and Telegram.
The best crypto presale list 2026 includes projects launching across different blockchains. Solana is known for fast-moving memecoin activity, while BNB Chain offers a broad decentralized application and token-launch ecosystem.
MemeToro chose BNB Chain for its AI-powered memecoin launchpad, making chain choice part of its platform design.
Why Chain Choice Matters on the Best crypto presale list 2026 The best crypto presale list 2026 is not only about token names. The blockchain supporting a project can affect transaction costs, liquidity, user access, and the types of applications that can be built.
Solana has become a major home for fast-moving memecoin launches. Its speed and active trading ecosystem make it attractive to traders who want frequent token activity.
BNB Chain offers another model. It has an established decentralized exchange ecosystem and broad infrastructure for token launches and blockchain applications.
For MemeToro, BNB Chain provides the foundation for its AI launchpad. The project is designed around structured memecoin launches rather than simply competing for attention with every new token entering the market.
MemeToro’s BNB Chain AI Infrastructure MemeToro’s place on the best crypto presale list 2026 is closely linked to its BNB Chain architecture. The platform is designed to combine AI-generated launch proposals with deterministic validation and smart-contract infrastructure.
Its AI agent is intended to research trends and prepare token proposals before they move through the wider launch process. The framework follows Propose, Verify, Fund, and Launch, creating a defined sequence for new projects.
MemeToro has also published 1,373 lines of open-source Solidity code. That provides technical material for users who want to inspect part of the project’s smart-contract approach.
The wider platform includes planned utility around:
Memecoin trading and discovery. Prediction markets. Staking. Crypto news. Launchpad access. These features give the BNB Chain choice a practical role in the project rather than making it a simple branding decision.
BNB Chain Versus Solana for Meme Launches When comparing the best crypto presale list 2026, investors should avoid treating BNB Chain and Solana as direct winners and losers. They support different ecosystems with different strengths.
Solana has become strongly associated with rapid memecoin creation and high-frequency trading. This makes it attractive for traders who want to enter new narratives quickly.
BNB Chain has a broad infrastructure base that supports decentralized applications and token launches. MemeToro uses that environment to build a structured launchpad focused on AI-assisted proposals and deterministic validation.
The difference is therefore partly about the product model. A fast token launch is not the same as a launch system that tries to verify structured rules before funding and execution.
How Chain Choice Affects Buyers The best crypto presale list 2026 should always include the underlying blockchain when comparing presale projects. Buyers need to know which network their wallet must support and what assets or payment methods are required.
For MemeToro, BNB Chain is central to the ecosystem. Investors should confirm official presale instructions before purchasing and make sure they follow the network and payment information shown on the official platform.
MemeToro’s Stage 7 price is currently listed at $0.00430, with funding above $135,000 toward its $156,312 target.
The best crypto presale list 2026 can show where projects operate, but chain selection should be considered alongside audits, code, liquidity, tokenomics, and product utility.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Injective Protocol has taken a meaningful step toward becoming a genuinely multi-chain asset. The project’s native INJ token is now live on Solana as an SPL token, listed on Sunrise, a trading platform connected to Backpack Securities, opening the door for Solana users to trade, provide liquidity, and build with INJ directly on the network.
The SPL token, with mint address 1NJMqVM4PadjuzYmeB7zV7q7DV8oB3ExaQCd9x6KsLz, became operational around September 10-11, 2026, with active trading and liquidity pools appearing by September 17.
What actually happened here
Until now, accessing INJ on Solana meant routing through bridges to Injective’s Cosmos-based Layer 1 blockchain. A native SPL listing changes the math. Solana users can now interact with INJ the same way they would any other token on the network, no bridging required.
The initial on-chain supply for the SPL token sits between 131,000 and 140,000 tokens as of mid-September 2026. That’s a relatively modest float for now, consistent with a controlled rollout rather than a full market debut.
INJ’s broader circulating supply sits near 100 million tokens, with the market price fluctuating between $5 and $6 at the time of the listing. That puts the market cap in the mid-hundreds of millions.
Injective already had interoperability with Solana via existing bridges since its 2021 launch. The difference now is that the relationship is direct and native.
Why Solana, and why now
The Sunrise listing, connected to Backpack Securities, is worth noting because Backpack has been positioning itself at the intersection of regulated and decentralized finance. That alignment fits Injective’s own trajectory: the protocol has been expanding into real-world asset tokenization, with ongoing initiatives involving mortgage records and trade receivables, collectively representing over $1 billion in pilots.
Staking on the native Injective network has also reached an all-time high of 58.8 million INJ tokens. That number matters because it reflects a portion of the supply that is locked and not circulating, which has implications for how much token is actually available for trading on any given platform, including the new Solana listing.
Injective has also introduced USDC support alongside these developments, adding a stable-value option that makes the ecosystem more accessible to traders who want to stay in the Cosmos or Solana-adjacent DeFi world without touching volatile assets on every move.
What this means for traders and builders
The practical effect for Solana-based traders is straightforward: INJ becomes another composable asset in the ecosystem. That means it can be plugged into yield farming strategies, used as collateral in lending protocols, and traded against other Solana-native tokens without the overhead of cross-chain mechanics.
For builders, the listing opens the door to internet markets, Injective’s term for on-chain financial markets that operate without traditional intermediaries. Developers building on Solana can now incorporate INJ into their applications directly, rather than designing around a bridged version of the token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana fiyatı, ABD Senatosu’nda CLARITY Yasası’nın ilerleyememesinin ardından artan satış baskısıyla 100 doların altına geriledi. SOL, 101 doların üzerinden 96 doların altına kadar düşerken daha sonra sınırlı bir toparlanma gösterdi. Ancak güçlü destek bölgesi, spot Solana ETF’lerine yönelik kurumsal talep, borsalardaki SOL arzının azalması ve ağ aktivitesinin yüksek seyretmesi mevcut düşüşün daha derin bir düzeltmeye dönüşüp dönüşmeyeceği konusunda önemli sinyaller veriyor.
Solana İçin Kritik Destek Bölgesi Korunuyor SOL fiyatındaki sert geri çekilmeye rağmen yatırımcıların takip ettiği önemli destek bölgesi henüz tamamen kaybedilmiş değil. Analist Ali Martinez’in paylaştığı verilere göre daha önce yaklaşık 72 milyon SOL mevcut fiyat bölgesinde el değiştirdi. Yüksek işlem yoğunluğu nedeniyle bu alan Solana açısından önemli bir destek bölgesi olarak değerlendiriliyor. Fiyatın yeniden 100 doların üzerine çıkması satış baskısının hafiflemesi açısından takip edilirken 102,5 dolar seviyesi kısa vadede önemli bir eşik olarak öne çıkıyor. Buna karşılık 95 dolar desteğinin kaybedilmesi durumunda 93-94 dolar bölgesine doğru yeni bir geri çekilme görülebilir.
İlginizi Çekebilir: XRP’de Satış Dalgası: Clarity Act Fiyatı Baskı Altına Aldı!
Solana tarafındaki önemli sinyallerden biri ABD spot SOL ETF’lerinden geliyor. Bu yatırım araçları dokuz hafta üst üste net giriş kaydederken son bir aylık dönemde 200 milyon doların üzerinde sermaye çekti. Ağustos ayında ise yaklaşık 28 milyon dolarlık giriş gerçekleşti. Bununla birlikte aynı dönemde 3 milyondan fazla SOL’un kripto para borsalarından çekilmesi, borsalardaki mevcut arzın azalmasına katkı sağladı. Borsa arzındaki düşüş ve ETF talebinin devam etmesi, SOL fiyatındaki düzeltmeye rağmen yatırımcı ilgisinin tamamen ortadan kalkmadığına işaret eden göstergeler arasında bulunuyor.
Solana Ağındaki Büyüme Dikkat Çekiyor Solana ağındaki aktivite de fiyat düşüşüne rağmen güçlü görünümünü sürdürüyor. Ağ, 11 Eylül’de yaklaşık 12 milyon yeni adresle zirveye ulaşırken günlük yeni adres sayısının yaklaşık 10,8 milyon seviyesinde devam ettiği belirtiliyor. Tokenize hisse senedi faaliyetleri de Solana ekosisteminde giderek daha fazla öne çıkıyor. Verilere göre ağ üzerindeki tokenize hisse senedi faaliyetlerinin yüzde 63’ü Wall Street’in kapanmasının ardından gerçekleşirken bu varlıkların 727 binden fazla sahibi bulunuyor. Solana’nın toplam kilitli değeri TVL tarafında da yükseliş görüldü. TVL yaklaşık 4,82 milyar dolardan 5,7 milyar dolar seviyesine çıkarak yüzde 18’in üzerinde büyüme kaydetti. Güçlü ağ aktivitesi, artan TVL ve tokenize varlıklara yönelik ilgi SOL’un temel göstergeleri açısından yakından takip ediliyor.
Solana son bir aylık dönemde yaklaşık yüzde 30 yükselmesinin ardından daha dalgalı bir fiyat hareketine girdi. Piyasa gözlemcisi Ella’ya göre SOL’un yeniden 100 doların üzerine çıkması kısa vadeli satış baskısının azalmasına yardımcı olabilir. Özellikle 102,5 dolar seviyesinin geri kazanılması fiyat hareketinin yönü açısından takip ediliyor. Aşağı yönlü hareketlerde ise 95 dolar kritik destek konumunda bulunuyor. Bu seviyenin kırılması halinde 93-94 dolar bölgesine doğru geri çekilme riski gündeme gelebilir. Bu nedenle SOL’un 95-102,5 dolar aralığından hangi yönde çıkacağı kısa vadeli görünüm açısından önem taşıyor.
Değerlendirme Solana’nın 100 doların altına gerilemesi kısa vadede satış baskısını artırsa da SOL cephesindeki bazı temel göstergeler güçlü kalmaya devam ediyor. Spot Solana ETF’lerine yönelik girişler, borsalardaki SOL arzının azalması, yüksek ağ aktivitesi ve TVL’deki yükseliş yatırımcıların takip ettiği başlıca göstergeler arasında. Teknik tarafta ise 95 dolar desteği ile 100 ve 102,5 dolar seviyeleri SOL fiyatının kısa vadeli yönünün belirlenmesinde kritik olabilir. Özellikle 95 doların kaybedilmesi durumunda 93-94 dolar bölgesi yeniden gündeme gelebilir.
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Solana (SOL): SOL is testing the crucial $96–$98 support zone as momentum weakens, with a break below $96 potentially exposing $92–$93, while bulls need to reclaim $100–$104 to stabilize the structure.
XRP (XRP): XRP's breakdown below $1.35 has sharply weakened its technical setup, leaving $1.25–$1.28 as critical support and opening the door toward $1.20–$1.15 if that zone fails.
Bitcoin (BTC): BTC is losing short-term momentum around $75,000–$76,000, with $71,500–$73,500 forming the main support cluster, while a recovery above $77,000–$78,000 is needed to improve the near-term picture.
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Tron (TRX): TRX remains compressed around $0.333–$0.335 rather than showing a major momentum breakdown, with $0.325–$0.330 supporting the structure and $0.340–$0.345 acting as the key upside barrier.
Solana enters correctionFollowing the dramatic August breakout that propelled SOL from about $75 to a peak above $110, Solana is currently undergoing its first significant test. Currently trading at about $97, the asset is well above the major moving averages that supported the broader reversal but significantly below its local high.
Weakening short-term momentum is the current issue. SOL consistently failed to break above $102–$104, and subsequent rallies resulted in ever-weaker attempts to move back toward $106–$110.
SHIB/USDT Chart by TradingViewThe price dropped below its short-term moving average near $98 due to the most recent decline, making the $96–$98 region especially crucial. The correction may continue toward $92–$93, where the long-term and rising medium-term moving averages are converging, if there is a persistent break below $96. This is an area of significantly stronger technical support.
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Below it, $88–$90 is the next target. Having spent a large portion of the post-breakout period above 50, the RSI has also dropped toward the mid-40s. Even though SOL is far from oversold, this indicates that momentum is waning.
Bulls must reclaim $100 first. The short-term structure would be strengthened by a move above $104, but $110 remains the primary breakout level needed for a further increase.
XRP dives deeperThe technical picture for XRP has deteriorated far more sharply. After falling from the $1.40–$1.45 consolidation range, the asset is currently trading at about $1.27. The most recent daily candle drove XRP through about $1.35, which served as both the long-term moving average's location and horizontal support.
XRP/USDT Chart by TradingViewDuring the breakdown, selling volume also increased significantly, making it more difficult to dismiss the shift as typical intraday volatility. At $1.25–$1.28, XRP is currently testing another significant cluster where shorter moving averages are concentrated.
A relief rebound might result from holding this area, but the first significant resistance would then be the previous $1.34–$1.35 support. The abrupt loss of momentum is reflected in the RSI, which has dropped below 50 and continues to worsen.
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XRP may move toward $1.20 and then the bigger breakout origin around $1.15 if $1.25 fails decisively. On the other hand, recovering $1.35 would offset a large portion of the immediate technical damage. Until then, there is still growing pressure on XRP's August breakout.
Is Bitcoin losing momentum?After its August breakout, Bitcoin is losing short-term momentum, but the broader recovery structure remains intact. After another rejection from the $78,000 region and a steep drop through its fast-moving average, Bitcoin is currently trading around $75,600.
BTC/USDT Chart by TradingViewThe sequence that has developed since Bitcoin peaked above $81,000 in early September is the current technical concern. Since then, buyers have been unable to retest that high, and multiple rebounds have stalled between $79,000 and $80,000.
After approaching overbought territory during the August rally, the RSI has dropped below 50. Additionally, selling volume increased after the most recent drop, indicating that the move warrants attention rather than being dismissed as minor volatility. However, Bitcoin has substantial support below.
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While another rising average approaches $71,500, the blue and black moving averages converge between $72,500 and $73,500. In the event that $75,000 fails, $71,500–$73,500 becomes the primary technical support cluster.
Bitcoin must recover $77,000 to $78,000. $80,000–$81,500 remains the main resistance range above that. Until then, the market is correcting within the broader August recovery rather than forming a convincing continuation.
What's up with TRX?Although TRX's volatility has significantly decreased, its short-term structure has also deteriorated. The asset is currently trading close to $0.3347, almost exactly within a dense moving average cluster. TRX rose back above $0.340 after bouncing from the early September decline toward $0.321, but it was unable to challenge the August high at $0.345–$0.350.
TRX/USDT Chart by TradingViewThe price has returned to $0.333–$0.335 following the most recent rejection. This region is significant because it is where a number of short- and medium-term averages have converged. Maintaining it preserves the progressive higher-low structure that has been in place since June.
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Losing it would expose approximately $0.330, with the much stronger long-term support around $0.325–$0.326 coming next. The RSI offers little directional confirmation and remains near neutral. In contrast to Bitcoin, TRX is compressing around its moving averages rather than undergoing a significant momentum breakdown.
The first level bulls must reclaim on the upside is $0.340. A move above $0.345 would indicate a much clearer continuation signal, while breaking that level would reopen the path toward $0.350.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Moscow Exchange has scheduled the Sept. 22 launch of perpetual futures tied to Bitcoin, Ether, Solana, XRP and Tron indexes, with the cash-settled contracts restricted to qualified investors.
Summary
MOEX will launch five perpetual crypto futures on September 22 for qualified market investors only. Contracts track Bitcoin, Ether, Solana, XRP and Tron indexes without delivering underlying digital assets physically. More than 72,000 qualified investors have traded MOEX crypto futures, the exchange said this week. Crypto futures turnover has exceeded 600 billion rubles since MOEX introduced contracts during last summer. Contracts will be dollar-quoted, ruble-settled and automatically rolled using daily funding calculations under exchange specifications. Moscow Exchange said in itsofficial Sept. 16 announcement that the products will operate as one-day futures with automatic rollover, giving investors exposure to cryptocurrency price movements without receiving or transferring the underlying digital assets. The exchange’s contract specification is set to take effect on Sept. 22.
The Sept. 16 announcement remains the latest MOEX launch notice located as of Sept. 17. No subsequent exchange notice reviewed changed the scheduled Sept. 22 start.
🇷🇺 BIG: Russia's largest exchange, the Moscow Exchange, will launch perpetual futures on BTC, ETH, SOL, XRP and TRX indices on September 22, available only to qualified investors. pic.twitter.com/H0lBUHGONJ
— The Crypto Johannes (@TheCryptoJonny) September 17, 2026 MOEX perpetual futures will cover five crypto indexes The new contracts will track five indexes calculated by Moscow Exchange. BTCUSDF will reference the MOEX Bitcoin Index, while ETHUSDF will follow the exchange’s Ether benchmark. SOLUSDF, XRPUSDF and TRXUSDF will track the corresponding Solana, XRP and Tron indexes.
MOEX already offers monthly futures tied to the same five cryptocurrency indexes. Bitcoin and Ether index futures began trading in November 2025, while contracts linked to Solana, XRP and Tron followed on May 14, 2026. Before the altcoin futures arrived, Moscow Exchange changed how its cryptocurrency benchmarks were calculated. Since May 13, the indexes have used prices from major cryptocurrency exchanges and update every 15 seconds during relevant trading periods. MOEX then uses the indexes to calculate settlement values for its existing contracts.
MOEX introduced indexes for SOL, XRP, TRX and BNB in May using data from Binance, Bybit, OKX and Bitget. At the time, the exchange said the benchmarks could later support new trading instruments. SOL, XRP and TRX subsequently became underlying indexes for monthly futures and will now receive perpetual contracts. BNB is not included in the five perpetual futures announced for Sept. 22.
Contracts settle in rubles without delivering crypto Although each new contract will be quoted in U.S. dollars using its corresponding index value, MOEX said financial settlement will take place in Russian rubles. Investors therefore will not need to hold Bitcoin, Ether, Solana, XRP or Tron to trade the products.
MOEX describes all of its current crypto futures as settlement contracts. At expiration or settlement, no cryptocurrency changes hands; only the financial result is calculated and settled through the exchange and participating brokers. Its product documentation says movements in USD/RUB affect the ruble value of the result because the underlying futures prices are expressed in dollars.
Unlike MOEX’s existing monthly crypto-index contracts, the new instruments are one-day futures with automatic rollover. Funding will be calculated under the exchange’s published specification, with MOEX setting the K1 parameter at 0% and K2 at 0.35%.
The exchange already runs perpetual futures across other asset categories. Its existing perpetual lineup contains 31 contracts covering currency pairs, MOEX indexes, the government bond index, precious metals and Russian and foreign securities. Maria Patrikeeva, managing director of the MOEX derivatives market, called the launch “an important milestone in the development of the Russian derivatives market.” She said the exchange was seeing “strong investor demand” for derivatives tied to digital assets.
Crypto futures demand has passed 600 billion rubles MOEX said more than 72,000 qualified investors have traded its digital-asset futures since the exchange began offering crypto-linked contracts, with cumulative transaction volume exceeding 600 billion rubles. The figures come from Moscow Exchange and have not been presented as Bank of Russia statistics.
The exchange’s current crypto derivatives product page still displays an earlier August snapshot showing 71,000 clients had traded crypto-related products since launch. It lists average daily turnover of 2.5 billion rubles during August and a record daily volume of 10.2 billion rubles on Aug. 21.
The newer 72,000 figure in the Sept. 16 release covers activity after that August snapshot. MOEX did not publish a separate breakdown showing how much of the cumulative 600 billion rubles came from Bitcoin, Ether, Solana, XRP or Tron contracts.
However, Moscow Exchange first entered regulated crypto-linked futures with a contract based on BlackRock’s iShares Bitcoin Trust ETF in June 2025. An Ether ETF-linked contract followed in August, before MOEX moved to futures directly referencing its own Bitcoin and Ether indexes in November.
As crypto.news reported when the first Bitcoin ETF future launched, access was restricted to qualified investors from the start. The IBIT-linked contract was quoted in dollars and settled in rubles, establishing the same basic cash-settlement structure later used for direct cryptocurrency-index futures.
MOEX’s 2025 annual report said more than 40,000 clients traded its crypto-linked contracts during that year, generating more than 212 billion rubles of turnover.
Russia still limits these derivatives to qualified investors The structure follows rules the Bank of Russia introduced in May 2025 for financial products tied to cryptocurrency prices. The central bank said financial institutions could offer qualified investors derivatives, securities and digital financial assets linked to cryptocurrency values, provided the products did not involve physical delivery of cryptocurrency.
MOEX repeats the restriction on its own crypto-futures page. Both individuals and legal entities must hold qualified-investor status to trade the exchange’s cryptocurrency futures, and brokers determine final client access.
Russia’s rules for direct cryptocurrency transactions changed on Sept. 1, 2026. Under the new legal framework described by the Bank of Russia, both qualified and non-qualified investors can access cryptocurrency through regulated intermediaries, although the two groups operate under different limits.
Non-qualified investors must pass a test and are limited to purchases of eligible liquid cryptocurrencies worth no more than 300,000 rubles per year through each intermediary. The Bank of Russia identified Bitcoin, Ether and USDT for retail access under its liquidity and price-history criteria. Qualified investors can trade cryptocurrencies without the same purchase ceiling after completing the required testing.
As crypto.news reported when the new framework took effect, the Sept. 1 rules created regulated routes for cryptocurrency trading and custody through supervised intermediaries. MOEX’s Sept. 22 perpetual futures remain a separate derivatives product and are limited to qualified investors under the exchange’s specifications.
The Bank of Russia expanded routes to qualified-investor status shortly before the new crypto framework started. Rules effective Aug. 31 allow individuals to qualify through approved Russian financial-market examinations and certificates, including a MOEX Investor Certificate, alongside existing asset, income, experience and education criteria.
Bitcoin and Ethereum spot ETFs hemorrhaged a combined $520 million on September 16, while Solana and XRP quietly absorbed fresh capital.
Bitcoin ETFs shed $295.98 million in net outflows, with Ethereum not far behind at $224.11 million. Meanwhile, XRP ETFs pulled in $3.50 million and Solana ETFs attracted roughly $837,000 in net inflows.
The Fed factor The Federal Reserve raised interest rates by 25 basis points on the same day, pushing the target range to 3.75%-4.00%. That move appears to have triggered a risk recalibration among institutional investors holding the two largest crypto ETF products.
BlackRock’s IBIT, the dominant Bitcoin ETF by assets, was a primary driver of the outflows.
What’s notable is that spot prices for many crypto assets actually ticked up slightly despite the negative ETF flows.
Small caps, big signal Franklin Templeton’s XRP product was the primary magnet for the $3.50 million inflow into XRP ETFs. Solana’s $837,000 is modest by any measure, but it’s the direction that matters when the two largest crypto ETFs are bleeding capital.
The cumulative numbers provide useful context for sizing up these products. Bitcoin ETFs have accumulated $54.57 billion in net inflows since launch, with $95.19 billion in total assets. That represents roughly 6.22% of Bitcoin’s entire market capitalization sitting inside regulated fund wrappers.
Ethereum’s cumulative inflows stand at $13.15 billion, with $15.16 billion in assets. XRP and Solana are playing a different game entirely, with $1.72 billion and $1.37 billion in cumulative net inflows, respectively. XRP ETFs hold about $1.40 billion in assets, while Solana ETFs sit at $1.38 billion.
Those smaller figures mean that even tiny daily inflows represent a proportionally larger vote of confidence. A $3.50 million inflow into XRP ETFs is a rounding error for Bitcoin’s $95 billion complex. For XRP’s $1.40 billion in assets, it’s a quarter of a percent in a single day.
Reading the flows Bitcoin ETFs absorbing nearly $55 billion in cumulative inflows demonstrates that institutional demand for crypto exposure remains structurally intact. A single day of $296 million in outflows, while headline-worthy, represents about 0.31% of total assets.
The same applies to Ethereum. A $224 million outflow day against $13 billion in cumulative inflows is uncomfortable but not catastrophic.
The Franklin Templeton angle on XRP is worth watching. Traditional asset managers attaching their brands to altcoin ETFs lends credibility that pure-play crypto firms can’t replicate.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Takeaways Solana has reclaimed the $100 threshold, posting approximately 1.5% gains in the current session Critical technical support now established at the $95–$100 range after August’s upward breakthrough Federal Reserve implemented a 25 basis point rate increase, marking the first hike since 2023 Senate voting failed to pass the CLARITY Act, prolonging regulatory ambiguity in crypto markets Traditional market access to Solana improved following regulatory approval of SOL-based ETPs on Nasdaq Solana’s price has stabilized just above the $100 mark following a temporary decline beneath this psychological barrier. This positioning maintains SOL’s proximity to its August breakout peaks, though two significant market forces are prompting trader vigilance.
Solana (SOL) Price The digital asset surged from approximately $70 to surpass $100 throughout August, penetrating a significant resistance barrier between $90 and $97. This previous resistance level has transformed into a support foundation, and SOL’s interaction with this zone will probably determine near-term market direction.
Technical momentum indicators have cooled considerably. The relative strength index for Solana currently registers around 53 on daily timeframes, declining from readings above 80 during August’s bullish surge. This positions the asset in balanced territory, with previous overbought signals now dissipated.
Federal Reserve Implements First Rate Increase Since 2023 On Wednesday, the Federal Reserve elevated its benchmark interest rate by 25 basis points, establishing a new target corridor of 3.75%–4.00%. This marks the central bank’s initial rate elevation in more than three years, justified by policymakers as a response to persistent inflationary trends.
BREAKING: The Federal Reserve officially hikes interest rates by 25 basis points, marking its first rate hike since July 2023.
This ends the longest Fed interest rate pause since 2008.
— The Kobeissi Letter (@KobeissiLetter) September 16, 2026
Central bank communications suggested additional rate adjustments remain possible, propelling the U.S. dollar to its strongest position in seven weeks. Elevated interest rates typically diminish the appeal of speculative instruments like cryptocurrencies relative to traditional fixed-income securities and cash holdings, while dollar appreciation compounds downward pressure on dollar-priced assets.
Bitcoin experienced significant volatility following the Fed’s announcement, initially declining sharply before stabilizing as market participants digested the policy shift.
Senate Vote Blocks CLARITY Act Advancement Legislative efforts to establish clear digital asset regulations suffered a setback as the U.S. Senate could not advance the Digital Asset Market CLARITY Act. This proposed legislation aimed to construct a comprehensive regulatory structure for digital assets while delineating supervisory responsibilities between the SEC and CFTC.
While achieving a simple majority, the bill fell short of the 60-vote supermajority required for procedural advancement. Bitcoin prices and prominent crypto-related equities declined following the unsuccessful vote, with alternative cryptocurrencies like Solana experiencing similar downward momentum.
According to Reuters coverage, this legislative failure ensures continued reliance on existing agency regulations and judicial interpretations rather than comprehensive statutory guidance.
Market analyst Celal Kucuker presented an optimistic long-term projection for SOL, suggesting a potential trajectory from “$59 → $1,000” should weekly chart patterns evolve into parabolic formation, with $59 representing a possible major bottom. He acknowledged the forecast carries inherent uncertainty.
$SOL chart looks exceptional.
Technically, $1,000 is possible if this weekly structure develops into a parabolic move.
I see $59 as a potential major bottom.
$59 → $1,000
This is only my forecast I can be wrong pic.twitter.com/EjD83jL5AM
— Celal Kucuker (@CelalKucuker) September 16, 2026
Meanwhile, regulatory bodies granted approval for modifications enabling Nasdaq-listed exchange-traded products connected to Solana and XRP earlier this month, establishing additional channels for conventional investors seeking SOL exposure.
Source: TradingView Critical price levels for Solana include the $95–$100 range serving as foundational support, resistance targets at $105 followed by $110, and a secondary support zone near $83.90 should the present trading range deteriorate.
Russia’s largest Moscow stock exchange (MOEX) plans to launch Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and TRON (TRX) perpetual futures next week. This comes following Russia President Vladimir Putin signed crypto law to allowed regulated crypto trading.
Russia’s Moscow Stock Exchange (MOEX) Joins Crypto Perpetual Futures Push Moscow Stock Exchange (MOEX), Russia’s largest stock exchange, will launch perpetual futures linked to its Bitcoin, ETH, SOL, XRP and TRX indices on September 22. This marks a groundbreaking development amid a rise in crypto demand in the country.
While it is not a green light for spot crypto trading, the contracts are quoted in US dollars, settled in Russian rubles, and limited to qualified investors. It added that the delivery is not in the underlying crypto assets.
“The launch of perpetual digital currency futures is an important milestone in the development of the Russian derivatives market. We see strong investor demand for digital asset derivatives. Providing access to such instruments within the Russian legal framework is crucial,” a statement reads.
Moscow Stock Exchange already offers monthly and other cash-settled crypto derivatives since last year. The crypto products recorded more than 72,000 traders and total transaction volume exceeded 600 billion rubles.
As CoinGape reported earlier, Russia’s crypto law took effect earlier this month. It legalized licensed crypto trading, custody, and select cross-border settlements.
Bitcoin, ETH, SOL, XRP and TRON Prices Jump Crypto prices have bounced despite the US Fed raising rates by 25 bps. This indicates confidence in the crypto industry over an upcoming rally in the coming weeks. Bitcoin jumped more than 1%, with the price currently trading around $76,600. Trading volume dropped as the CLARITY Act failed to secure Senate votes.
On the other hand, ETH is trading strongly compared to Bitcoin. The price surged more than 2% to $2,450 over the past 24 hours. Solana (SOL) also trades more than 3% higher, rebounding above $100 again.
Meanwhile, XRP price has reclaimed $1.30 after an almost 1% jump. The 24-hour low and high are $1.25 and $1.31, respectively. However, trading volume decreased by 38% in the last 24 hours, indicating traders remains cautious.
TRX price trades near $0.335, moving mostly sideways. Justin Sun’s TRON token has rallied 20% this year, holdings gains amid upgrades and ETF launches.
While Moscow Stock Exchange’s contracts are cash-settled and restricted to qualified domestic investors, retail traders looking to speculate on digital asset price action typically turn to the best crypto futures trading platforms which offer direct token exposure and flexible margin terms.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Solana is entering the final stretch of its speed upgrade, with 250ms slot activation set to arrive on the mainnet on September 18.
In a recent X post, Solana-focused software development firm Anza states that 250ms slot activation is now pending on mainnet-beta.
SIMD-0525 features usually take effect one epoch after they activate; hence, 250ms slot activation is expected to go live at the epoch 1037 boundary around 05:01 UTC on Friday, September 18.
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250ms slot activation will await activation at epoch 1035, while the feature will be active at epoch 1036 and go live at epoch 1037.
The "250ms slots" make Solana closer to its ultimate goal: a 200ms slot time, as Anza pointed out in its X post: "1 more step to 200ms."
250ms slots activation now pending on mainnet-beta.
400 → 350 → 300 → 250ms
Reminder, SIMD-0525 features take effect one epoch after they activate thus will go live at the epoch 1037 boundary ~05:01 UTC, Friday Sept 18.
— Anza (@anza_xyz) September 16, 2026 Solana is reducing its slot times in stages from 400ms to 200ms: 400ms → 350ms → 300ms → 250ms → 200ms. This was first discussed in SIMD Discussion 469 and then formally proposed and approved in SIMD-0525.
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Each 50ms reduction has its own feature gate and activates independently. The steps are spaced out to give core developers time to monitor cluster performance between activations.
The 350ms and 300ms reductions are active on mainnet, with feature activations of 250ms and 200ms already activated on devnet and testnet. 250ms is now pending mainnet activation.
1 more step to goActivation dates for the 200ms slot time, the last reduction, are still being determined by core developers.
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Shorter slots mean more blocks in the same wall-clock time, and at 200ms the network produces twice as many blocks per day as it did at 400ms.
Solana believes that decreasing slot times will allow the network to be more competitive with other blockchain protocols. This change also sets a precedent for future latency improvements.
The upgrade is beneficial to all: users will have faster confirmation times for their transactions, and market makers will be able to offer tighter spreads. Validators will have shorter epochs (a Solana epoch is a fixed 432,000 slots, so it takes about 36 hours at today's 300ms, down from roughly 48 hours at 400ms, and will take about 24 hours once 200ms is activated), which means they are rewarded faster for adopting the performance improvements on Mainnet.
Solana, a high-performance blockchain network known for enabling fast and scalable decentralized applications, has implemented its Transaction V1 format on the mainnet as of September 15. This upgrade raises the maximum transaction size from 1,232 bytes to 4,096 bytes, significantly enhancing the network’s data-handling capacity.
Technical upgrade enhances development capacityThe transition to Transaction V1 allows developers to package more instructions, signatures, and complex operations within a single transaction. By more than tripling the transaction size limit, Solana aims to support a new generation of decentralized applications that require greater operational flexibility.
Enhanced transaction capacity opens the door for advanced use cases, such as zero-knowledge proof-based privacy solutions, larger multisignature configurations, and more sophisticated decentralized finance (DeFi) operations. These improvements are expected to foster innovation across the Solana ecosystem and attract projects requiring higher complexity in on-chain interactions.
Mini dictionary: Zero-knowledge proofs, a type of cryptographic protocol, allow one party to prove possession of information to another without revealing the information itself. In blockchain applications, this can provide privacy for users’ transaction details or enable confidential smart contract execution.
Despite the increased technical capacity, the upgrade did not produce a significant reaction in the price of Solana’s native token, SOL. The token continued to face near-term selling pressure during and after the activation.
SOL price outlook remains under pressureSOL has remained below its 20-period and 50-period moving averages on the hourly chart, signaling persistent weakness in short-term trading. However, the token trades above its 200-day moving average, preserving a healthier long-term structure even as short-term momentum stalls.
The nearest support is identified at $94.16. Market observers note that a failure to hold above this level could trigger further declines, potentially causing additional volatility if stop-loss orders and leveraged positions are liquidated. Key resistance sits just under $99, with $98.77 and $99.42 marking significant levels for a potential recovery attempt.
Support LevelResistance LevelsMoving Averages$94.16$98.77, $99.4220-period, 50-period (below price); 200-day (below price)Several momentum indicators remain negative for SOL. The Moving Average Convergence Divergence produces a strong sell reading, while the Average Directional Index supports the bearish trend. Bull/Bear Power measures also indicate that sellers are dominating the market, and both the Relative Strength Index and Stochastic RSI on the daily chart have turned downwards, sustaining the short-term weakness.
Technical models estimate a 76% probability of further downside for SOL, with a 24% chance of a relief rebound should buyers step in near the $94.16 support area.
Despite these pressures, analysts view Transaction V1 as a strategic step toward expanding Solana’s long-term capabilities. The recent upgrade is considered foundational, enabling more complex dApps and infrastructure that may fuel growth regardless of short-term token price trends.
The current market scenario highlights a divide between Solana’s strengthening technical fundamentals and persistent bearish price action for SOL. Developers now have broader options for building advanced blockchain applications on Solana, but immediate price appreciation remains elusive as technical indicators suggest continued caution among traders.
A government can create digital money, but getting people to use it is a separate problem, and Nigeria’s expensive failure proves it.
The country launched Africa’s first central bank digital currency, the eNaira, in October 2021. More than four years later, the International Monetary Fund found that 98.5% of eNaira wallets had never been used more than once.
For crypto investors, that failure is a critical signal that can’t be ignored. It shows that issuing digital money does not create demand for it, and the same test now applies to every stablecoin, payment token, and tokenized deposit chasing the same use case.
Why Nigeria’s eNaira Never Won Over Its Own PeopleThe eNaira was pitched as a fix for financial inclusion, cheaper remittances, and faster payments. Adoption never followed. Fewer than 0.5% of Nigerians were using it a year after launch, and the central bank’s own Payments System Vision 2028 later blamed low real-economy usage and a weak merchant value proposition.
The causes are not mysterious. Three stand out.
A mature mobile money and fintech market already handled everyday payments. The wallet offered no clear advantage over apps Nigerians already trusted. Thin merchant acceptance gave shops little reason to take it. In a recent interview I had with Ryan Kirkley, co-founder and CEO of Global Settlement Network, a firm that builds cross-border settlement infrastructure and has been meeting with central banks in Uganda and Nigeria, he put the lesson plainly. The eNaira taught the industry that "issuing a digital currency does not automatically give people a reason to use it," he said.
Distribution and Utility Decide What Digital Money SurvivesKirkley’s point reaches well past central banks. Money moves through habit and pre-existing network structures, so any new token has to fit into what people and merchants already do rather than ask them to start over.
That standard screens out tokens that are technically impressive but have no distribution, and it explains why a sovereign guarantee behind the eNaira counted for so little.
The Question Every Digital-Money Investor Should Be AskingTurn the eNaira story around, and it becomes a screening tool. If a currency fails when it offers no edge over what already exists, then the projects worth owning are the ones solving a cost or friction users actually feel.
That friction is real and large. Sending $200 to Nigeria still costs about $17.56 on average, according to World Bank figures, and regional cross-border transfers routinely carry fees near 8%. A token that meaningfully cuts that bill has a reason to exist. One that sells novelty does not.
Where Stablecoins Already Solve a Real ProblemStablecoins are the clearest case of digital money that spread because it was useful. The market sits near $315 billion in 2026, with Tether’s USDT and Circle’s (CRCL) USDC making up roughly 83% of supply, and dollar tokens have become the default hedge in weak-currency economies.
Nigeria proves the point. Regulators once barred banks from touching crypto, yet Nigerians kept using stablecoins for remittances and as protection against a sliding naira. That demand eventually moved policy, not the other way around.
The central bank’s 2028 blueprint even proposes running observer nodes on approved stablecoin networks to watch transactions in real time, a sharp reversal for an institution that shut crypto out in 2021.
How to Read the XRP, Stellar, and Solana TradeOnce you apply utility as a filter, the payment tokens sort themselves. XRP (CRYPTO: XRP) is the cleanest cross-border case, with Ripple out of its long US legal fight, holding conditional approval for a national trust bank, and pushing its dollar stablecoin RLUSD through African partners like Chipper Cash and Yellow Card.
The caution is that using Ripple’s rails does not always mean using the token. Much of RLUSD’s supply sits on Ethereum rather than the XRP Ledger, so bank adoption and XRP demand can drift apart.
Stellar runs a similar play with a payments-first design, hosting PayPal’s (PYPL) PYUSD, Circle’s USDC, and more than $3 billion in tokenized real-world assets, with stablecoin volume up 72% year over year in early 2026.
Solana posts the loudest numbers, clearing over $1 trillion in stablecoin volume in 2025 and drawing Visa (V) and major checkout platforms onto sub-cent fees. The catch is that a large share of that volume is trading and arbitrage rather than merchant payments, so the headline overstates real-world use.
What Tokenized Deposits Add to the PictureBanks are not standing still. Tokenized deposits, which are ordinary bank balances recorded on a ledger, let institutions move money instantly while keeping customers inside the regulated system. JPMorgan’s (JPM) in-house token already settles billions of dollars a day for corporate clients.
For a retail investor, tokenized deposits read less as a tradable bet than as a signal. They show incumbents accept that blockchain settlement is coming, which raises the bar for any public token claiming to own that lane.
The Filter That Separates Winners From AnnouncementsThe eNaira is a reminder that a launch is not adoption and a government stamp guarantees nothing. The digital money that lasts cuts a real cost, plugs into existing behavior, and earns regulated demand instead of assuming it.
Applied to today’s market, that favors stablecoin infrastructure and payment networks with genuine settlement volume over tokens trading on promise alone. Before buying any digital-money story, the question stays simple. What problem does it solve that users could not already solve without it?
image credit: Author
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
XRP Price fell Wednesday as regulatory disappointment and monetary concerns pressured digital assets. The token slid from a recent $1.45 high and briefly traded below $1.23 before attempting a modest recovery.
Bitcoin price hovered near $75,700, while Ethereum traded around $2,390 and Solana changed hands near $97. Total crypto capitalization fell 1.44% over 24 hours to $2.58 trillion, showing risk reduction.
CLARITY Act Setback Deepens Crypto Market Pressure The Senate failed to advance the CLARITY Act after its procedural motion received only 49 votes. The proposal needed 60 votes, leaving supporters well short of the threshold required for further debate.
Its defeat reduced expectations for comprehensive legislation before year-end and sparked renewed selling across major tokens. Ripple said the result did not alter XRP’s established legal standing, although short-term market confidence weakened.
FOMC Decision Today Adds Another Market Risk Federal Reserve officials will announce their policy decision Wednesday after a two-day meeting in Washington. Interest-rate markets assigned roughly a 93% probability to a 25-basis-point increase before the announcement.
Fed watch dat Such a move would lift the federal funds rate range from 3.50%-3.75% to 3.75%-4.00%. Traders will examine Chair Kevin Warsh’s comments for signals about inflation, oil prices, and further tightening.
XRP ETF Demand Faces Broader Fund Outflows Spot XRP ETFs reported no net inflow September 15, while their combined assets remained near $1.41 billion. Earlier demand had been stronger, with cumulative inflows around $1.68 billion after an eleven-session winning streak.
Source: Sosovalue data U.S. spot Bitcoin ETFs lost $450.33 million on September 15, marking a sharp reversal from the previous session. Fidelity’s FBTC led withdrawals with $214.75 million, while BlackRock’s IBIT shed $161.69 million.
GBTC lost $44.14 million, followed by ARKB’s $17.38 million and BITB’s $12.36 million. Trading value reached $4.35 billion, while combined Bitcoin ETF assets stood at $95.72 billion.
Those assets represented 6.28% of Bitcoin’s market value, confirming that institutional exposure remains substantial.
How Low Can XRP Price Go Now? The price of XRP must reclaim $1.28 and $1.31 to reduce immediate downside pressure and restore short-term confidence.
Failure near those barriers would keep attention on $1.23, followed by psychological support around $1.20.
A decisive daily close below $1.20 could expose $1.14, then the important $1.07 swing low. If the weakness extends below, this could create a wider demand zone of $0.93-$0.76 that was established during the previous consolidation phase.
TradingView The RSI of XRP is close to the 33 level, which could indicate that the asset is close to being oversold, although there is no confirmed reversal. The MACD is below its signal line, and approaching the negative side, indicating bearish momentum is still in charge.
Meanwhile, the XRP price is still at risk due to the Fed’s guidance and regulatory setback follow-through.
For most of crypto’s history, the trading volume leaderboard has looked roughly the same: Binance at the top, followed by a handful of centralized exchanges, with decentralized platforms fighting for scraps. That hierarchy is quietly falling apart.
Spot asset volume on Solana’s decentralized exchange ecosystem now exceeds the combined volume of Coinbase and Kraken, and has done so consistently through the summer of 2026. During the week of June 12 through 18, Solana DEX volume hit approximately $7.19 billion. Coinbase posted roughly $6 billion over the same period. Kraken came in around $4 billion.
How a blockchain out-traded a stock-market-adjacent exchange Solana’s DEX activity is not one company. It is a collection of protocols running on a shared blockchain, collectively processing more dollar volume than that entire institution.
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The week of June 12 ranked Solana third globally behind Binance, which recorded approximately $34.39 billion in volume, and Bybit at approximately $9.47 billion. By late July, Solana had climbed to second place globally, trailing only Binance. It held that position for at least nine consecutive weeks through late August.
What is actually driving the volume Three forces are doing most of the work here: meme coin activity, tokenized equities, and Solana’s underlying technical architecture.
Meme coins remain a reliable engine of retail engagement on Solana. The blockchain’s low fees and fast settlement make it the natural home for high-frequency, low-margin token speculation.
Tokenized equities are a newer and arguably more significant driver. The ability to trade representations of traditional stocks on-chain, around the clock, without going through a broker, has attracted a segment of users who would not have previously touched a DEX. Solana’s throughput makes that experience fast enough to be practical.
Centralized exchanges are taking notes Both Coinbase and Kraken have moved to integrate access to Solana’s DEX ecosystem within their own applications. That decision is not purely philosophical. Exchanges follow volume, and volume is increasingly happening on-chain.
Solana’s performance through summer 2026 does not mean centralized exchanges are finished. Binance’s $34.39 billion weekly volume in mid-June is still roughly 4.8 times Solana’s figure. But the direction of travel is clear.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Column, the US bank that quietly powers infrastructure for some of the biggest names in fintech, just made stablecoins a native feature of its banking stack. The bank launched stablecoin banking services on September 16, supporting USDC and USDT across Solana, Ethereum, and other major networks, with real-time conversion to and from fiat currencies.
The key word there is “native.” Column isn’t wrapping a third-party crypto service in a banking interface. It’s embedding stablecoin support directly into its core banking ledger, meaning incoming stablecoins convert to USD instantly, and outgoing transfers settle on-chain in seconds. No prefunding. No middlemen.
How the plumbing actually works Column’s stablecoin rails connect directly to the major fiat payment networks you’d expect from a chartered US bank: ACH, FedNow, Fedwire, RTP, SWIFT, and even checks. The integration means a fintech client can receive USDC on Solana, have it instantly reflected as USD in their Column account, and then push that money out via any of those traditional rails.
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The reverse works too. A client can initiate a transfer that settles on-chain within seconds, without needing to pre-park funds in a crypto wallet or route through a separate exchange.
Solana serves as the default network, a choice that reflects the chain’s growing reputation for speed and low transaction costs. Ethereum and other networks are also supported.
Column’s client roster and competitive positioning The bank’s existing client base reads like a who’s who of modern fintech. Brex, Ramp, Mercury, Bilt, Slash, and Kapital all rely on Column’s infrastructure.
The stablecoin launch was part of a broader product rollout that included full-stack card issuing, global banking solutions, and multicurrency accounts. Column is clearly positioning itself as a one-stop infrastructure provider.
This puts Column in direct competition with players like BVNK, which has ties to Mastercard, and Marqeta, the card-issuing platform. But Column’s advantage is structural. As a chartered bank rather than a middleware provider, it can offer composable integration across payments, cards, stablecoins, and global banking under a single regulatory umbrella.
Why the “native” distinction matters Column’s direct integration eliminates the wrapper layer. When a stablecoin arrives at the bank, it doesn’t sit in a third-party custodian’s wallet waiting to be reconciled. It hits the core ledger as USD, subject to the same compliance and risk frameworks as any other deposit.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The past 7 days have seen unprecedented levels of token generation on Solana. Solscan data shows that over 1.75 million new tokens have been created on Solana in the past week, marking the highest weekly total in the network's history. The proliferation of memecoin launchpads has made it much easier for Solana users to create new tokens on the network.
A brand new launchpad, Paid, went live yesterday, September 15, with an ambitious proposition: let crypto users support projects and receive creator fee distributions directly through their X accounts.
The Solana-based protocol has moved quickly. Its analytics dashboard shows almost $400,000 in total fees, 4,148 token launches, and 115 X payments since launch. While reminiscent of the model that BagsApp uses, which is tying royalties to meme creators, Paid’s claim to fame is the direct distribution to X without the need to claim the fees.
How Paid works Paid connects a pump.fun token to an X handle. When someone launches through the platform, creator fees from that token route to Paid, which then converts the $SOL into dollars and sends the proceeds to the designated X account through X Money.
Users can launch through Paid's website by entering a token and selecting an X handle. They can also launch directly on pump.fun by placing an @handle in the token description and directing creator fees to Paid's treasury.
X generates a receipt when a payment settles, and Paid publishes the receipt on its payments feed. The protocol uses 80% of fees for payouts and allocates the remaining 20% toward $PAID buybacks and burns. Once enough funds accumulate, an automated worker uses Jupiter to purchase $PAID on the open market and burns the tokens.
The launchpad’s native token, $PAID, reached an all-time-high market cap of $20 million and currently trades around $12 million.
Paid also reports almost $80,000 worth of $PAID tokens bought and burned, representing 20% of recorded fees, while $8,110 has gone to recipients.
Offramping is Where Things Get Complicated According to the protocol’s documentation, creator fees first move into its Solana treasury. When the 80% payout pool reaches $100, Paid sends the funds to Kraken. Kraken then converts the $SOL to USD and initiates an ACH withdrawal into Paid's X Money balance.
Paid says the process uses Kraken's Spot Trading API and that the only part it cannot accelerate involves ACH settlement, which typically takes 1 to 3 business days.
The protocol says some payments currently show as pending because launch activity has moved faster than ACH settlement. It says pending payments remain recorded and go out automatically as funds arrive.
However, community members have questioned whether the X Money portion actually operates through a public API.
Some posts claim Paid manually sends payments through an X account, while others have questioned whether the model can handle thousands of simultaneous payouts.
Paid's own explanation says it uses an enrolled security key for its payout worker.
The company has also stated that it is not affiliated with, endorsed by, certified by, or connected to X or X Money. Those details have raised questions about how the integration works and what permissions Paid has obtained.
Regulation and Scalability Questions Some community commentary has also raised US money-transmission concerns because Paid receives creator fees, converts assets into dollars, maintains balances owed to recipients, and sends those funds to third parties.
Those posts do not establish that Paid has violated any law. The legal treatment would depend on the precise structure, entities involved, applicable exemptions, licenses, and any partnerships or authorizations behind the service.
The scalability question also remains open. Paid has already recorded 115 X payments against 4,148 launches, creating a substantial gap between tokens launched and completed payouts. Early figures alone cannot establish whether that gap reflects normal settlement timing, limited payment demand, or operational constraints.
Pump.fun remains Solana’s dominant launchpad with daily revenues often exceeding $1 million. With competitors such as Stonk.fun proving it is possible to, at least temporarily, gain market share, the Paid team will look to quickly establish product-market fit and work toward maintaining the traction they have gained so far.
Read More on SolanaFloor Senate Rejects CLARITY - But Does it Even Matter?
$370M Liquidated From Crypto Markets as CLARITY Hangs in the Balance
A memecoin on Solana has quietly become one of the most effective distribution channels for Zcash in the entire crypto ecosystem. ZCAT, short for Anonymous Cat, has paid out approximately 5,963 ZEC tokens to holders, a sum worth roughly $8 million at prevailing market prices as of September 16.
The mechanism is simple: every ZCAT transfer or trade gets hit with a 3% tax. Those proceeds are automatically converted into ZEC and airdropped to eligible holders. No staking, no claims process, no hoops. Just hold at least $20 worth of ZCAT and the Zcash shows up in your wallet.
How $8 million in ZEC got distributed in three weeks ZCAT launched in late August on StonkFun, a Solana-based trading platform that pairs tokens against ZEC rather than the usual SOL or USDC.
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By September 7, the project had already distributed over 2,320 ZEC across roughly 470,000 individual payouts, valued at approximately $2.8 million. The pace accelerated from there. Total distributions blew past $5 million by September 9-10, then cleared the $8 million mark by September 16.
The velocity of those payouts maps directly to two converging forces: ZCAT’s own trading volume generating the 3% tax revenue, and ZEC’s price doing something it hadn’t done in years. Zcash climbed above $1,200 in early September, representing a gain of more than 2,300% year-over-year.
At its peak, ZCAT itself reached a market cap of roughly $170 million, attracting tens of thousands of holders drawn by what amounts to a dividend-like payout structure for a memecoin. The token has since experienced the kind of valuation swings that anyone familiar with memecoins would expect.
The Grayscale ETF factor ZCAT didn’t launch in a vacuum. Grayscale rolled out a ZEC spot ETF, trading under the ticker ZCSH on NYSE Arca, in late August. ZEC’s price rally from sub-$50 territory to four figures coincided with both the ETF launch and ZCAT’s introduction on Solana.
ZEC has also seen meaningful bridging activity onto the Solana network through protocols like OmniBridge and NEAR Intents, expanding its DeFi footprint beyond its native chain. The liquidity and trading volume of ZEC-paired assets on Solana decentralized exchanges have added another dimension to the privacy coin’s market presence.
The sustainability question ZCAT’s reward model is, by design, entirely self-referential. There’s no external revenue source, no treasury funding the distributions, no venture capital backstop. Every ZEC payout comes from the 3% tax on ZCAT trading activity. When people trade, holders get paid. When they stop trading, the music stops.
Unlike most memecoins where the only exit strategy is selling to someone willing to pay more, ZCAT holders receive actual value in the form of ZEC. The 3% tax also creates friction for traders, which could dampen the very volume the system depends on as initial excitement fades.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The companion app connects to the ERA hardware wallet to add portfolio management, swaps, and dApp access across 14 networks — while private keys never leave the device. The release follows a full independent security audit by Cure53, and lands alongside a major update to ERA Lens, ERA’s on-device scam-warning system, plus new hardware-side capabilities including Bitcoin multisig and on-device 2FA.
ERA, the maker of the air-gapped ERA hardware wallet, today announced the launch of the ERA Software Wallet, a companion mobile app for iOS and Android that turns its air-gapped hardware device into a full self-custody ecosystem. The move addresses one of the most common trade-offs in crypto self-custody: hardware wallets are secure but often clunky to use day-to-day, while software wallets are convenient but hold keys online.
ERA’s model keeps the two roles separate by design — the phone prepares transactions, the hardware device signs them, and the private keys never touch the phone at all.
“People don’t abandon self-custody because they don’t believe in it – they abandon it because it’s inconvenient,” said Alex Devyatkin, founder and CEO of ERA. “The Software Wallet doesn’t change what secures your assets. It changes how easy it is to actually use that security every day.”
What’s in the ERA Software WalletThe app gives users a single interface to manage assets across 14 networks – Bitcoin (SegWit, Taproot, and Legacy address types), Ethereum, Solana, Tron, Base, Arbitrum, Optimism, Polygon, BNB Chain, Avalanche, Gnosis, zkSync, Kaia, and Aurora – while every transaction is still confirmed and signed on the ERA hardware device via QR or NFC.
Inside the app, users can:
View portfolio balances across all supported networks, with each token clearly tagged by network
Send and receive assets, with a network guard that prevents funds from being sent to the wrong chain
Buy and sell crypto through integrated providers, with automatic KYC/country detection and side-by-side rate comparison
Swap and bridge across chains in a single flow, powered by Rango’s routing, with a full quote shown before signing
Connect to dApps via WalletConnect, with sessions still requiring hardware-signed approval
Get proactive protection: warnings on unused token approvals, a spam-token filter, alerts on pending or stuck transactions, and full transaction history
App-level security includes PIN and biometric unlock (Face ID / Touch ID / fingerprint), auto-lock when the app is backgrounded, and screen-privacy protections that hide app content from the system app switcher and block screenshots and screen recording.
Backed by an Independent Security AuditAhead of launch, ERA commissioned a full white-box security audit from Cure53, a cybersecurity firm with an established track record auditing wallets and crypto infrastructure. Cure53 was given access to source code, builds, documentation, and internal components, and tested the mobile app, API, transaction construction, and QR/BC-UR signing flows. Every finding was fixed by ERA’s team and then retested by Cure53 to confirm the fix held.
The summary and full technical reports are public:
Summary report (PDF)
Full pentest report (PDF)
The Headline Device Update: ERA Lens’s New Scam-Warning SystemThe main update on the device side is to ERA Lens, ERA’s built-in transaction-decoding layer, which translates what a transaction actually does into plain language before signing rather than showing raw hex data.
This release adds a new scam-warning display, expands coverage to more DeFi and bridging protocols (including Rango, imToken, Rabby, MetaMask Portfolio Bridge, Mayan, Squid, LayerSwap, Stargate V2, GasZip, and Magpie), and can now decode newer, harder-to-read transaction formats such as EIP-7702, ERC-7821, and Safe multicalls — flagging unlimited approvals to unfamiliar addresses automatically.
The team also added 37 real transactions drawn from known incidents – including Bybit, WazirX, Radiant, Inferno Drainer, and PREMINT – to its automated test suite, so every new firmware release is checked against these attack patterns before shipping.
Extended Protection, Built Into the AppOn the mobile side, the Software Wallet adds extended protection aimed at scams that target wallet users directly rather than the underlying blockchain. The home screen now surfaces a plain-language warning for unused token approvals, with a dedicated screen showing exactly which contract can spend how much of which token, in which network, revocable in one confirmation.
The app also guards against address poisoning — fake transaction records designed to trick users into copying a lookalike address from their own history. Between July 2 and August 1, 2026, ERA tracked 66 such fake entries across 24 poisoned addresses, spanning 8 wallets and 8 networks; if a recipient address is a near-identical copy of one of a user’s own addresses, sending is blocked outright, with no override.
Also New: Progressive Security on the Hardware DeviceAlongside the software wallet launch, ERA is rolling out further capabilities to the hardware device itself, continuing its “wallet you never outgrow” model — meaning users can move to more advanced security setups without switching devices.
Bitcoin multisig support – the ERA device can act as one cosigner in a Bitcoin multisig setup, for example holding one key in a 2-of-3 arrangement, removing any single point of failure.
On-device two-factor authentication – TOTP authentication codes can now be stored directly on the ERA hardware device, adding a second layer of digital security on the same hardware that protects private keys.
Device authenticity verification – separately from how transactions are signed, the ERA device can prove it is a genuine, unmodified unit by signing a one-time challenge with a factory-burned key, a check that takes under a minute.
About ERAERA (HWLT FZE) is a Dubai-based digital security company building the ERA Wallet ecosystem: an air-gapped hardware wallet, a companion multichain software wallet, and a built-in transaction-protection layer, ERA Lens.
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Kamino has appointed Yieldstreet co-founder Michael Weisz as chief executive as the Solana lending protocol builds a New York operation and expands its U.S. business around institutional credit and tokenized assets.
Summary
Kamino appointed Yieldstreet co-founder Michael Weisz as CEO to lead its U.S. institutional expansion efforts. Kamino plans a New York headquarters while building finance, legal, compliance and business development teams. DefiLlama tracks Kamino at roughly $1.43 billion in TVL and $1.02 billion active loans currently. Kamino says PRIME deposits surpassed $600 million within 107 days using Figure-linked home-equity loan collateral. Forward Industries confirms tokenized FWDI shares can serve as collateral on Kamino for eligible investors. The Kamino announcement said Weisz will oversee the U.S. expansion, work with institutional asset managers and financial platforms, and assemble a New York-based team spanning finance, product, legal, compliance and business development.
The appointment brings a traditional-finance executive into one of Solana’s largest lending protocols. Weisz co-founded Yieldstreet, now Willow Wealth, where the platform deployed more than $6 billion and served more than 500,000 individual investors, according to Kamino. The company named Goldman Sachs, Carlyle, KKR, Ares, Fortress and StepStone among firms that worked alongside Yieldstreet.
We are thrilled to announce Michael Weisz (@WeiszM) as the new CEO of Kamino
After more than a two decades in fintech & private markets, Michael joins Kamino to lead us into our next chapter of institutional growth, and expand Kamino to the US market
A letter from Michael below pic.twitter.com/FjxtkN1dvn
— Kamino (@kamino) September 15, 2026 Kamino is building its New York operation around institutions New York will serve as the base for Kamino’s institutional expansion, placing the protocol close to asset managers, financial platforms, regulated service providers and capital providers it plans to work with.
“Being in New York puts us at the intersection” of asset managers and institutions, Weisz said in the company announcement. He said putting assets onchain creates opportunities around collateral, settlement and distribution, while firms still require legal, compliance, operational, credit and liquidity infrastructure.
CoinDesk reported that Kamino is considering roughly 20,000 square feet of office space and intends to recruit a chief financial officer and head of legal. Kamino’s formal announcement confirmed that it is evaluating New York City office space but did not specify its size.
Weisz’s new role follows nearly a decade building Yieldstreet. A 2025 corporate biography from NextNRG described him as Yieldstreet’s founder and former CEO and said the investment platform had deployed more than $6 billion across multiple asset classes under his leadership.
Kamino tokenized asset lending already includes credit and equities Kamino’s institutional plans build on live lending markets tied to real-world assets. Its PRIME market, created with Figure Technologies and Hastra, brings yield generated by Figure’s lending business into Solana-based DeFi markets.
Figure Technologies said in December 2025 that Kamino would serve as the exclusive onchain credit and lending partner for PRIME. Figure said its Democratized Prime business supplies yields generated from more than $1 billion per month in onchain loan originations, including pools linked to home-equity lending.
Kamino now says PRIME deposits surpassed $600 million within 107 days of launch. The figure is a company-reported deposit total and has not been presented as an independently audited asset figure.
Public equities have entered the same lending framework. Forward Industries confirmed in December 2025 that eligible non-U.S. holders of tokenized FWDI shares could post the stock as collateral on Kamino and borrow stablecoins while retaining exposure to their shares. The tokenized securities use Superstate’s Opening Bell system, with Superstate acting as the registered transfer agent.
Galaxy has documented a comparable use case for its own stock. Its second-quarter Solana report said tokenized GLXY shares became available as collateral on Kamino through Superstate in April 2026. Galaxy said more than $17 million of Superstate-issued assets, including GLXY, were sitting as borrowable collateral at the time of its report.
Ascrypto.news previously reported, Kamino Lend held approximately $41.7 million of tokenized-stock DeFi TVL, ranking second behind Uniswap V4’s $59.1 million based on Token Terminal data. The measured category covered equity-linked tokens deposited across decentralized exchanges, lending markets and related applications.
DefiLlama puts Kamino TVL above $1.4 billion Current DefiLlama data places Kamino’s total value locked near $1.43 billion, all on Solana, with approximately $1.02 billion in active loans. The data provider lists cumulative protocol fees at roughly $249 million and cumulative revenue near $50.3 million.
Kamino separately says it has processed more than $650 billion in cumulative transaction volume over four years and originated more than $20 billion in loans. The company claims it has recorded no user bad debt or security incident while undergoing more than 30 independent audits and four formal verifications. Its announcement did not provide an independent audit covering the cumulative operating figures.
KMNO showed little price reaction following the leadership announcement. Market data listed the token close to $0.025 on Sept. 16, placing its market capitalization at approximately $138 million.
DefiLlama’s protocol figures show lending assets remain far larger than the market value of the governance token, while Kamino continues to rank among Solana’s largest lending applications by locked assets.
Solana’s tokenized asset market has expanded during 2026. In June, crypto.news reported that Solana’s real-world asset value reached $2.7 billion, citing RWA Foundation data. The figure covered tokenized funds, credit products, securities and related assets distributed through the network.
New York hiring comes as U.S. crypto rules remain unsettled Kamino framed its U.S. expansion partly around changes in American digital-asset policy. Its Sept. 15 announcement cited the GENIUS Act, regulatory treatment of bank crypto activities and congressional work on crypto market-structure legislation.
One part of that policy backdrop changed hours after Kamino issued its release. The U.S. Senate voted 49-50 on Sept. 15 against invoking cloture on the motion to proceed to H.R. 3633, the CLARITY Act. The motion required three-fifths support, and the official Senate record lists the procedural effort as rejected.
The vote did not repeal existing crypto rules or prevent regulators from acting under current statutory authority. It stopped the bill from clearing that procedural stage on Sept. 15, while the Senate record did not provide a new vote date.
Kamino has not announced a deadline for opening its New York office or completing the planned hiring. The company said it is evaluating office space and plans to build teams covering finance, product, legal, compliance and business development while continuing to develop its Solana-based infrastructure.
16 September 2026 | 09:43 As of August 31, Grayscale’s Bitcoin-free adviser model gave its XRP ETF a 26.11% allocation, second only to Ether, without showing confirmed client adoption or inflows.
Key Takeaways XRP represents 26.11% of the Next Gen model. Ether leads the allocation at 42.34%. Bitcoin is excluded by the strategy’s design. The model holds ETP shares, not cryptocurrencies. Adviser adoption and inflows remain undisclosed. XRP exposure ranks second among seven ETPs Grayscale launched four model portfolios for financial advisers on September 14. One of them, Digital Assets Next Gen, provides exposure to established and emerging crypto assets while deliberately excluding Bitcoin.
The model’s allocation snapshot dated August 31 places the Grayscale Ethereum Staking Mini ETF at 42.34%, the Grayscale XRP Trust ETF at 26.11% and the Grayscale Solana Staking ETF at 21.09%. Together, those three positions represent 89.54% of the model.
Digital Assets Next Gen allocation on August 31
42.34% Ether
26.11% XRP
21.09% Solana
5.76% Hyperliquid
2.66% Chainlink
1.08% Avalanche
0.96% Sui
The allocation makes XRP the model’s second-largest exposure and gives it a larger weight than Solana. It does not rank the assets by expected returns or amount to a prediction that XRP will outperform the other holdings.
A model portfolio is a recipe, not a new XRP fund A model portfolio gives advisers a predefined mix of investments that they can consider for client accounts. Grayscale has selected the products, calculated their weights and established a quarterly rebalancing process, reducing the need for advisers to design a crypto allocation from scratch.
The model itself is not a single fund that investors buy. Advisers implementing it would use shares of its constituent ETPs, including the Grayscale XRP Trust ETF, rather than place XRP directly into a client’s wallet.
For example, if an adviser placed 3% of a $100,000 portfolio into the Next Gen strategy, the published weight would produce approximately $783 of XRP-linked exposure. That is 26.11% of the hypothetical $3,000 allocation. The 3% figure is only an illustration, not a recommendation from Grayscale or Coindoo.
Grayscale says it does not charge advisers or their clients a direct advisory fee for using the models. The underlying ETPs still have their own expenses, including sponsor fees, which remain part of the investor’s cost.
What the 26.11% allocation does—and does not—show What it shows
Grayscale has made its XRP ETF one of the largest positions in a Bitcoin-free strategy intended for adviser platforms. Advisers can use the predefined weight without deciding independently how much XRP exposure to place alongside Ether, Solana and the smaller holdings.
What it does not show
The allocation does not reveal how many advisers have implemented the model, how much client money follows it or whether the launch has created new XRP demand. Grayscale’s parent company provided the strategies’ initial capital, while advisers retain discretion over their clients’ accounts.
Bitcoin’s absence explains much of XRP’s larger share XRP’s 26.11% allocation belongs to a strategy that removes Bitcoin, the asset that normally occupies one of the largest positions in a crypto portfolio. Excluding it leaves a larger share for the remaining eligible assets.
The effect becomes clearer when Next Gen is compared with Grayscale’s Digital Assets Leaders model, which includes Bitcoin. In Leaders, XRP exposure accounts for 11.92%, behind Ether at 38.57% and Bitcoin at 37.25%. Solana receives 9.63%, while Hyperliquid represents the remaining 2.63%.
XRP’s weight therefore more than doubles when Bitcoin is removed. That is primarily a consequence of the two models having different eligible assets and should not be interpreted as a separate prediction that XRP will outperform Bitcoin.
Grayscale describes Next Gen as market-cap weighted, rebalanced quarterly and able to hold up to 10 eligible assets. Its composition can change as relative market values move or as the eligible product range develops.
Ether’s allocation raises a methodology question Grayscale says the model is subject to a 40% limit for each asset, yet the August 31 snapshot places Ether at 42.34%. The published materials do not say whether the difference reflects price movement following a rebalance or another timing issue.
The discrepancy should therefore be treated as an unresolved methodology detail rather than evidence that Grayscale abandoned the cap. It also demonstrates why the August 31 figures should be presented as a dated snapshot, not permanent portfolio weights.
Adviser adoption will determine the model’s importance The 26.11% allocation establishes XRP’s position within Grayscale’s Bitcoin-free methodology, but it does not measure investor demand. The meaningful evidence will come from adviser-platform availability, reported implementation in client accounts and future allocation updates.
Until those figures emerge, the launch shows how Grayscale would structure non-Bitcoin crypto exposure—not how much adviser money has entered XRP.
This article is provided for informational purposes only and does not constitute financial or investment advice. The allocations cited are dated August 31, 2026, and may change at future rebalances.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Alongside its fast-moving short-term contracts, Zoomex Prediction Markets has always carried a deep Long-Term category, a full slate of event contracts that let traders take a position on some of the industry’s most debated multi-month and multi-year questions.
That category is a direct expression of Zoomex’s core philosophy, giving users a platform that is Easy to Use, Transparent by Design, and built on Fair Access & Rule-Based Execution, whether they are trading derivatives, spot, or real-world outcomes.
A Marketplace Built Across Every Time HorizonZoomex’s Prediction Markets are organized into four time horizons: 5 Minute, 15 Minute, 4 Hour, and Long-Term. Across the platform, 70 markets are currently live, with the Long-Term category alone accounting for 49 of them, by far the largest segment.
That balance reflects where user interest concentrates: away from pure short-term speculation and toward markets that track how the crypto industry evolves over the coming year and beyond.
Prediction Markets Source: ZoomexThe shorter time frames still play an important role in the Zoomex ecosystem. The 5 Minute “Up or Down” markets, for instance, let traders react instantly to price momentum on major assets. At the time of writing, Bitcoin’s 5-minute market showed 28% sentiment toward Up with $11M in trading volume, the most active market on the board.
Ethereum and XRP each sat at 13% Up, with $356K and $55K in volume, respectively. Solana and Dogecoin were both trading at 6% Up, on $154K and $13K in volume, while HYPE stood out with 56% sentiment toward Up on $533 in volume. These fast-moving markets are a useful entry point, but they are only a fraction of what Zoomex offers.
Long-Term Markets: Where the Real Conviction Trades HappenThe Long-Term category is where Zoomex Prediction Markets show their real depth, giving users a rule-based way to express views on questions that will take months or years to resolve, all settled transparently against clear, published criteria rather than opaque or discretionary outcomes.
Long Term Markets. Source: ZoomexSeveral markets illustrate the breadth of what is now tradable on Zoomex:
Will HYPE flip SOL by December 31? Currently pricing Yes at 9%, this market has already attracted $224K in trading volume as traders weigh whether Hyperliquid’s native token can overtake Solana by market capitalization before year-end. Will China unban Bitcoin by 2027? One of the platform’s largest Long-Term markets by volume at $1M, priced at just 2% Yes, reflecting how unlikely traders view a near-term reversal of China’s crypto policy stance. Bitcoin vs. Gold vs. S&P 500 in 2026, a multi-asset market with $917K in volume, where Bitcoin is priced at 19% and Gold at 25% for their respective Yes outcomes, giving users a direct way to position on which asset class performs best over the year. Will MicroStrategy announce bankruptcy before 2027? Priced at 3% Yes with $203K in volume, this market lets traders express a view on the durability of one of the most closely watched corporate Bitcoin treasury strategies. Adam Back confirmed to be Satoshi by December 31? and the broader Will Satoshi’s identity be proven? market, priced at 2% Yes each, with volumes of $23K and $2M respectively, show that even crypto’s oldest mystery now has a liquid, tradable market attached to it. Each of these markets displays a live probability gauge alongside simple Yes/No or Up/Down entry buttons and a running trading volume figure, giving users full visibility into market sentiment before they trade. That level of transparency is central to how Zoomex designs every product on the platform, prediction markets included.
To put the payoff structure in concrete terms, each Long-Term contract is priced as a share of its eventual full payout, so the entry price effectively sets the potential return. A trader who commits roughly €100 to the China unban Bitcoin by 2027 market, currently priced at 2% Yes, would be positioned for a payout near €5,000 if the outcome resolves Yes, reflecting how thin the market judges that probability to be. The same €100 stake on the MicroStrategy bankruptcy market, priced at 3% Yes, would target a payout close to €3,233 in profit, while a position on the HYPE flip SOL by December 31 market, priced at 9% Yes, would return roughly €1,011 in profit on the same stake. On the three-way Bitcoin vs. Gold vs. S&P 500 in 2026 market, a €100 stake on Bitcoin’s 19% Yes price would target about €426 in profit, compared with roughly €300 on Gold’s 25% Yes price.
It is worth noting that these figures are illustrative, based on the price at the moment a position is entered, and do not account for fees or spread, so they should not be read as a guaranteed outcome. Because Zoomex Predict World lets users adjust or exit their prediction shares before an event resolves, actual returns depend on how a trader manages the position over time, not solely on the final Yes or No result, another expression of the platform’s Fair Access & Rule-Based Execution standard.
Why Long-Term Prediction Markets Fit the Zoomex ModelPrediction markets are a natural extension of Zoomex’s positioning as a platform Focused on Derivatives. Just as futures and perpetuals let traders express a view on price direction, Long-Term prediction contracts let them express a view on the events that ultimately drive those prices, regulatory shifts, competitive dynamics between assets, corporate solvency, and even the unresolved lore of the industry itself. Instead of forcing users to piece together multiple instruments to hedge or speculate on these themes, Zoomex consolidates them into single, clearly priced contracts.
That consolidation is only useful if the execution behind it can be trusted, which is why every Zoomex Prediction Market runs on the same Fair Access & Rule-Based Execution standard that governs the exchange’s core trading products. Odds update in real time based on actual market activity, not a black box, and settlement follows clearly defined resolution criteria rather than subjective judgment calls. Combined with the platform’s Refined Brand & Trading Experience, traders move between derivatives, spot, and prediction markets inside one unified interface, without needing to learn a separate tool or manage liquidity across disconnected venues.
About Zoomex
Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around easy to use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.
Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.
Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.
At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.
Frequently Asked Questions
What is Zoomex? Zoomex is a global crypto derivatives platform founded in 2021, serving over 3 million users across more than 35 countries and regions with 700+ trading pairs. How does Zoomex work? Zoomex operates through a high-performance matching engine with transparent asset and order displays, allowing users to execute trades and track outcomes with full visibility into their balances and results. What can you trade on Zoomex? Zoomex offers 700+ trading pairs spanning cryptocurrencies such as BTC, ETH, and SOL, as well as stock-linked contracts like NVDA and AAPL and gold exposure through XAUT. How does Zoomex compare to other exchanges? Zoomex differentiates itself by not issuing a platform token, avoiding venture capital or incubation deals, and holding security certifications from Hacken alongside regulatory licenses in multiple jurisdictions, positioning the platform around transparency and fund safety rather than token incentives. Where is Zoomex headquartered? Zoomex operates as a global cryptocurrency exchange with regulatory registrations including Canada MSB, U.S. MSB, U.S. NFA, and Australia AUSTRAC, reflecting its multi-jurisdictional compliance approach. Is Zoomex available in my country? Zoomex serves users across more than 35 countries and regions. Availability can vary by local regulation, so traders should check the official Zoomex website for country-specific access and requirements. Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Key Takeaways SOL experienced a 3.37% decline, settling near $96.97 ahead of the Senate CLARITY Act voting session Passage of the CLARITY Act requires 60 Senate votes, meaning at least 7 bipartisan votes are necessary Market technicals signal bearish momentum, with analysts estimating a 64% chance of continued downward movement September 14 saw Solana ETFs attract $11.01 million in net inflows, with Bitwise’s BSOL leading the charge Broader cryptocurrency ETF sector recorded $1.3 billion in weekly inflows, extending a six-week positive streak Solana (SOL) experienced a 3.37% pullback to $96.97 as lawmakers in the U.S. Senate geared up for a pivotal vote on the CLARITY Act scheduled for September 15 at 2:15 p.m. ET. This legislative decision carries significant weight, potentially establishing whether Solana and comparable digital assets fall under the regulatory purview of the SEC and CFTC as digital commodities.
Solana (SOL) Price Advancing the bill beyond procedural stages demands 60 affirmative votes in the Senate. Given that Republicans control 53 seats, bipartisan cooperation from at least seven Democratic or independent senators becomes essential for progression.
Market participants adopted a cautious stance preceding the legislative action, driving SOL beneath the psychologically important $100 threshold. Simultaneously, the total cryptocurrency market capitalization contracted 0.79% to $2.63 trillion.
Technical specialist Anton Kharitonov from Traders Union characterized SOL’s current position as “technically weak,” emphasizing persistent bearish forces. His assessment noted: “Until SOL achieves a breakout above $100.32 alongside legislative certainty, I maintain a defensive posture with no interest in long positions.” Kharitonov anticipates lateral to downward price movement while technical and regulatory headwinds persist.
Critical Technical Thresholds SOL currently trades beneath its 20-day moving average at $100.51 and 50-day moving average at $101.38, both functioning as overhead resistance barriers. The 200-day moving average positioned at $83.30 provides long-term structural support from below. The Relative Strength Index registers 33.81, while Stochastic RSI, Commodity Channel Index, and Bull/Bear Power indicators all reflect oversold conditions.
The anticipated short-term price corridor spans $92.51 to $101.43. A breakdown beneath $92.51 risks intensifying downward momentum, whereas a confirmed close above $100.32 would be required to validate any bullish reversal pattern.
Meanwhile, technical analyst Trader Tardigrade highlighted on X that SOL had contacted the lower boundary of a bull flag formation on the daily timeframe, indicating the pattern might still facilitate upward movement if price stabilizes at current levels.
ETF Capital Flows Provide Modest Relief Countering the bearish price action, Solana-focused ETFs captured $11.01 million in net inflows on September 14. Bitwise’s BSOL product dominated with $7.10 million, while Grayscale’s GSOL contributed $3.91 million. Aggregate Solana ETF inflows have climbed to $1.37 billion, with total net assets standing at $1.46 billion.
Source: SoSoValue The wider digital asset ETF landscape exhibited resilience as well. Weekly aggregate inflows reached $1.3 billion, extending a six-week consecutive positive flow pattern. Cumulative inflows during this stretch totaled $6.8 billion, with BlackRock’s IBIT fund contributing $3.4 billion independently.
For SOL to mount a sustainable recovery, bulls require a definitive four-hour candle close above $110. Should the $100 level fail to hold, the path toward $95 opens—the zone that provided support during the late-August rebound.
Solana co-founder Anatoly Yakovenko amplified a tokenized dinosaur skull sale on Wednesday, posting three dinosaur emojis as the $660,000 raise entered its final hours.
Jurassic Finance wants to move Deaton, a Triceratops prorsus skull, onto Solana as one million tradable tokens. The raise had covered 61% of its target early Wednesday.
Tokenized Dinosaur Skull Sale Passes $400,000Contributors had committed $406,667 in USDC by Wednesday morning, the project’s dashboard showed. Roughly 13 hours remained on the clock.
Deaton fundraising dashboard. Source: Jurassic Finance.The split is simple. Jurassic Finance will spend $600,000 acquiring the fossil, while $60,000 lands in its labs treasury. Each TRCH1 token costs about $0.69 and carries one-millionth of Deaton.
Ownership runs through a special purpose vehicle. Holders get economic rights to the fossil rather than direct title to the bone, the team says.
However, the offer runs on an all-or-nothing basis. Contributors get a full refund if the target falls short, and the project will not accept oversubscription.
That structure matters, because tokenized assets still face unresolved questions over what holders actually own.
A 66-Million-Year-Old Fossil With a Fresh Price CompExcavators pulled Deaton from the Hell Creek Formation in Slope County, North Dakota, in 1999. Preparation only finished last year.
All three original horns survive. The specimen is 60% to 65% complete by bone mass, which puts it in museum-grade territory.
Jurassic Finance leans on a recent auction result. Sofia, a comparable sub-adult Triceratops skull, fetched $840,000 on July 1 against a $600,000 to $800,000 estimate.
The team plans to place Deaton on long-term museum loan rather than in storage.
“Museums fund all operational overhead in exchange for display rights.”
Meanwhile, Solana keeps drawing unusual collectibles, from a tokenized One Piece manga to equities. The project first outlined its fossil plan in July.
The timing is awkward, though. SOL traded near $97 on Wednesday, down about 4% over 24 hours.
Whether buyers cover the remaining $253,000 before the clock runs out will test how far RWA appetite now stretches beyond stocks and bonds.
Solana (SOL) declined 3.37% to $96.97 as the US Senate moved closer to a critical vote on the CLARITY Act, scheduled for September 15 at 2:15 p.m. ET. The outcome of this legislation could determine whether Solana and other digital assets are classified as digital commodities and fall under the regulatory scope of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
Senate vote and legislative requirementsThe CLARITY Act requires at least 60 votes to advance beyond procedural stages in the Senate. With Republicans holding 53 seats, bipartisan backing from at least seven additional Democratic or independent senators is necessary for progression. This vote is viewed as pivotal for the future regulatory landscape facing Solana and related cryptocurrencies.
Leading up to the vote, investors adopted a risk-averse approach, pushing SOL below the psychologically key $100 mark. At the same time, the broader cryptocurrency market capitalization contracted 0.79% to $2.63 trillion, reflecting wider caution.
Bearish technical outlookAnton Kharitonov, a technical analyst at Traders Union, described Solana’s technical picture as “weak” and highlighted ongoing bearish sentiment in the market.
Kharitonov noted that until Solana breaks out above $100.32 and greater regulatory clarity is achieved, he remains defensive and uninterested in long positions. He expects Solana to move sideways or lower while current technical and legislative uncertainties continue.
On the technical charts, SOL trades beneath its 20-day moving average at $100.51 and 50-day moving average at $101.38, both acting as resistance levels. The 200-day moving average, positioned at $83.30, provides a key support zone in a longer-term horizon.
Additional momentum indicators also signal bearish conditions. The Relative Strength Index (RSI) stands at 33.81, with Stochastic RSI, Commodity Channel Index, and Bull/Bear Power all suggesting oversold scenarios.
Mini dictionary: CLARITY Act, a proposed piece of US legislation aiming to specify which digital assets fall under the jurisdiction of federal regulators such as the SEC or CFTC. Its approval could define the legal status and compliance frameworks for projects like Solana.
IndicatorValueTechnical Signal20-day MA$100.51Resistance50-day MA$101.38Resistance200-day MA$83.30SupportRSI33.81OversoldSOL’s current price corridor is projected between $92.51 and $101.43. A close below $92.51 could trigger further downward momentum, while closing above $100.32 is needed for a potential bullish reversal pattern. Technical analyst Trader Tardigrade wrote on X that SOL has touched the lower boundary of a bull flag formation, indicating a chance for upward movement if the price stabilizes.
ETF inflows offer supportDespite the prevailing bearish trend, Solana-focused exchange-traded funds (ETFs) attracted $11.01 million in net inflows on September 14. Bitwise’s BSOL ETF accounted for $7.10 million, while Grayscale’s GSOL added $3.91 million. Together, total Solana ETF inflows have reached $1.37 billion, and combined net assets now stand at $1.46 billion.
Across the wider digital asset ETF market, net inflows totaled $1.3 billion for the week, marking the sixth consecutive week of positive flows. During this period, aggregate inflows hit $6.8 billion, with BlackRock’s IBIT ETF alone attracting $3.4 billion.
ETFRecent Net InflowTotal InflowsBitwise BSOL$7.10 million–Grayscale GSOL$3.91 million–Total SOL ETFs$11.01 million$1.37 billionAll Crypto ETFs$1.3 billion (weekly)$6.8 billion (last 6 weeks)Analysts suggest that for Solana to stage a sustained rebound, it would need to secure a four-hour candle close above $110. If the $100 level does not hold, the price could test $95—the support area where Solana rallied in late August.
TLDR Solana activated Transaction V1 on mainnet September 15, raising max transaction size from 1,232 bytes to 4,096 bytes. The upgrade gives developers about 3.3 times more space for signatures, instructions, and proof data in one transaction. Zero-knowledge proofs and large multisignature transactions benefit most from the added space. Legacy transaction formats still work, but some wallets and data providers may need updates to read the new format. Solana’s on-chain revenue reached $327 million in Q3 so far, up from $265 million in Q2. Solana activated its Transaction V1 upgrade on mainnet this week. The change raises the maximum transaction size from 1,232 bytes to 4,096 bytes.
The upgrade went live at the start of epoch 1035 on September 15 at approximately 01:20 UTC, according to the Solana Foundation.
This gives developers about 3.3 times more room for instructions, signatures, and cryptographic data inside a single transaction. It does not mean the network processes more transactions per second. Instead, each transaction can now carry more data.
How the Upgrade Works The old 1,232-byte limit came from an early design choice. Transactions had to fit inside a roughly 1,280-byte internet packet, leaving 1,232 bytes after networking overhead.
Solana later changed how it sends transaction traffic, making that original restriction less needed. Developers still had to split complex operations across multiple transactions to stay under the byte limit.
Transaction V1 lets larger operations settle in a single transaction instead. This can reduce cost and delay in some cases, since fewer signatures and only one confirmation may be needed.
Zero-knowledge proofs and large multisignature transactions gain the most from the extra space. These operations often require large amounts of cryptographic data that previously did not fit.
Solana co-founder Anatoly Yakovenko has pointed to future uses involving zero-knowledge roots and based rollups, where larger transactions could combine proofs and state changes in one step.
Existing legacy and v0 transaction formats still work. Developers only need to use the new format when they want access to the larger limit.
Some infrastructure, including wallets and block explorers, may need updates. These services must recognize the new format and read priority fee data correctly, since Transaction V1 stores that information differently.
Solana’s Network Activity and Revenue Solana processed close to 10 billion non-vote transactions in the first quarter of 2026, an all-time high. The network saw around 9.7 billion in the second quarter.
On-chain revenue across the network reached $327 million in the third quarter so far. That is up from $265 million in the second quarter, an increase of 23.4%.
This revenue comes from activity across memecoins, decentralized exchanges, derivatives, and stablecoins on the network.
More transaction capacity could support further activity in these areas going forward. Higher activity has the potential to translate into higher fees and stronger network revenue over time.
Solana settled on 4,096 bytes partly because that figure matches a common memory page size used by validator hardware. Going higher could force transactions to span multiple memory pages, adding processing load for validators.
Larger transactions still use more network resources. Developers may need to pay higher priority fees during periods of network congestion, though the upgrade does not add a separate per-byte fee.
The next phase depends on how quickly developers and infrastructure providers adopt the new format across wallets, explorers, and trading applications.
Key Highlights Michael Weisz, co-founder of Yieldstreet, takes the helm at Kamino, a Solana lending platform managing $1.4 billion in assets The protocol plans to establish New York headquarters and recruit senior executives including CFO and legal counsel to pursue institutional business Kamino’s tokenized real-world asset initiative has attracted over $600 million in deposits within its first quarter through the PRIME market While Solana’s tokenized asset ecosystem exceeds $4 billion, actual borrowing activity remains minimal with RWA debt under $3 million on Kamino Solana implemented Transaction V1 upgrade, expanding maximum transaction capacity threefold to accommodate sophisticated institutional operations Kamino, a prominent lending platform on the Solana blockchain, has selected Michael Weisz to serve as chief executive officer. This strategic appointment signals the protocol’s ambition to bridge decentralized finance with conventional financial institutions and asset management firms.
As co-founder of Yieldstreet—rebranded as Willow Wealth—Weisz oversaw the deployment of over $6 billion in capital alongside major financial institutions such as Goldman Sachs, Carlyle, KKR, and Ares. His background in private market distribution and institutional investment brings significant expertise to the decentralized finance sector.
With $1.4 billion in managed assets and over $650 billion in total transaction volume across four years of operation, Kamino enables users to provide liquidity through crypto asset lending or access capital by borrowing against digital collateral.
New York Headquarters Targets Institutional Capital Kamino’s expansion includes establishing operations in New York City, with plans to secure approximately 20,000 square feet of office space. The protocol intends to bring on board a chief financial officer and general counsel as part of its institutional growth strategy.
“Being in New York puts Kamino at the intersection of the asset managers, distribution platforms and institutional capital that will define the next phase of on-chain finance,” Weisz said.
The expanded team will incorporate specialists across finance, legal affairs, product development, regulatory compliance, and business development. This positioning aims to facilitate direct access to capital providers and institutional asset managers that represent Kamino’s target market.
The protocol is broadening its lending capabilities to include tokenized real-world assets—traditional financial instruments such as equities, fixed income, and investment funds represented on blockchain infrastructure. According to Citi projections, the tokenized securities sector could expand to $5.5 trillion by the end of the decade.
PRIME Product Attracts Deposits While Borrowing Activity Remains Limited Kamino’s PRIME offering, developed in collaboration with Figure Technologies and Hastra, utilizes blockchain-based home equity loans from Figure as underlying collateral. The product accumulated over $600 million in deposits during approximately three months following its introduction.
Figure Technologies has originated more than $19 billion in blockchain-based loans and commands an estimated 70% market share in the RWA private credit space. This collaboration provides Kamino with direct exposure to actual borrower payment streams.
However, despite impressive deposit figures, actual credit utilization on Kamino’s platform remains notably low. Real-world assets represented 17.2% of the protocol’s lending supply in August, totaling approximately $426 million. Yet combined RWA and liquid staking token debt remained under $3 million.
PRIME experienced $13.6 million in net withdrawals during August, while a rival product named ONyc surpassed it as the leading RWA asset by total supplied value.
The broader Solana RWA ecosystem reflects similar patterns. While the network hosts more than $4 billion in tokenized assets distributed across over 350,000 wallets, the median RWA transaction on Solana measured just $29, compared to $70 on other platforms.
Both Nasdaq-listed Forward Industries and digital asset investment firm Galaxy leverage Kamino’s platform infrastructure for tokenized equity holdings and U.S. Treasury positions.
Coinciding with Weisz’s appointment announcement, Solana deployed its Transaction V1 upgrade to the main network. This enhancement increases maximum transaction size from 1,232 bytes to 4,096 bytes, providing greater capacity for complex institutional transaction structures within single operations.
Galaxy Research observed that “capability now runs ahead of adoption” and indicated the latter half of 2026 will determine whether this disparity narrows.
Weisz faces the critical challenge of converting tokenized asset deposits into meaningful borrowing activity, which represents the protocol’s most significant obstacle to sustained growth.