Solana more than triples transaction size limit with mainnet upgradeLatest NewsPublishedSep 15, 2026
Solana raised its transaction size limit to 4,096 bytes, giving developers more room for zero-knowledge proofs and transactions with multiple signatures.
Solana raised its maximum transaction size from 1,232 bytes to 4,096 bytes to allow developers to fit more complex operations into a single transaction, including zero-knowledge proofs and new onchain signature schemes.
The upgrade was activated on mainnet on Tuesday at the start of epoch 1,035 around 1:00 am UTC, according to blockchain data shared by the Solana Foundation.
The upgrade also introduced the v1 transaction format, which maintains full backward compatibility with legacy transactions. Existing transaction formats continue working for applications and wallet providers, but protocols that want to benefit from the size increase need to update to v1 transactions.
A spokesperson for the Solana Foundation told Cointelegraph that the upgrade mainly aims to help developers “do more” with applications such as zero-knowledge proofs, transactions requiring multiple signatures and new onchain signature schemes, by unlocking workloads that previously couldn’t fit inside a single transaction.
In August, Solana reduced its slot time from 400 milliseconds to 350ms. In June, the Solana Foundation shared plans to reduce slot times from 400ms to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network.
Solana validators approved on Aug. 28 a proposal to double the network’s annual disinflation rate, reducing future issuance of Solana (SOL), the network’s native token.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Solana more than triples transaction size limit with mainnet upgradeLatest NewsPublishedSep 15, 2026
Solana raised its transaction size limit to 4,096 bytes, giving developers more room for zero-knowledge proofs and transactions with multiple signatures.
Solana raised its maximum transaction size from 1,232 bytes to 4,096 bytes to allow developers to fit more complex operations into a single transaction, including zero-knowledge proofs and new onchain signature schemes.
The upgrade was activated on mainnet on Tuesday at the start of epoch 1,035 around 1:00 am UTC, according to blockchain data shared by the Solana Foundation.
The upgrade also introduced the v1 transaction format, which maintains full backward compatibility with legacy transactions. Existing transaction formats continue working for applications and wallet providers, but protocols that want to benefit from the size increase need to update to v1 transactions.
A spokesperson for the Solana Foundation told Cointelegraph that the upgrade mainly aims to help developers “do more” with applications such as zero-knowledge proofs, transactions requiring multiple signatures and new onchain signature schemes, by unlocking workloads that previously couldn’t fit inside a single transaction.
In August, Solana reduced its slot time from 400 milliseconds to 350ms. In June, the Solana Foundation shared plans to reduce slot times from 400ms to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network.
Solana validators approved on Aug. 28 a proposal to double the network’s annual disinflation rate, reducing future issuance of Solana (SOL), the network’s native token.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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.
$PST, the flagship yield-bearing token from @HumaFinance, has reached a market capitalization of $322 million just over a week after its launch on Solana, marking a new milestone for both the protocol and the broader real-world asset (RWA) sector.
What is PST? PST, short for PayFi Strategy Token, is the core yield-bearing instrument at the heart of Huma 2.0.
The speed of capital accumulation is notable. Reaching $322 million in market cap within days of launch positions $PST as the largest yield-bearing instrument on the Solana network and, according to @HumaFinance, the fastest-growing tokenized product in the decentralized ecosystem.
RWA Momentum and the Bigger Picture The milestone reflects a wider shift in DeFi toward yield that is grounded in real economic activity rather than token incentives.
@HumaFinance has been building its PayFi infrastructure steadily.
The rapid uptake of $PST suggests that demand for sustainable, real-yield products in the RWA sector is accelerating. For Solana, it adds a significant new financial primitive to its DeFi stack, one backed by real payment flows rather than speculative tokenomics.
Sources:
Messari: State of Huma Finance Q3 2025
The Daily Hodl: Huma Finance 2.0 Launches on Solana
CoinDesk: Huma Finance $38M Investment and Solana Expansion
A new permissionless token launchpad on Solana called Futardio has pulled in roughly $43 million in total commitments since launching on March 3, 2026. The catch: almost all of that money piled into just a couple of projects, leaving the vast majority of founders staring at mostly empty war chests.
Built by the MetaDAO team, Futardio appears designed to function as a massive funnel, letting the market itself decide which early-stage projects deserve serious capital, then feeding the winners into MetaDAO’s governance and treasury management system.
How Futardio works Founders pay a deployment fee of 0.5 SOL to create a fundraising campaign on the platform. They set a USDC raise target, typically between $50,000 and $1 million, and a timeline that can range from one hour to seven days.
If a project doesn’t hit its target, backers get a full refund.
The numbers tell a stark story As of mid-March 2026, 54 projects had launched through Futardio. Only two managed to meet their fundraising goals. Many raised less than 5% of their desired amounts.
The standout success was Futardio Cult, a memecoin that collected $11.4 million in commitments from 725 unique backers. It oversubscribed its $50,000 target by 22,800%, within 24 hours of going live.
Strip out Futardio Cult’s haul and the remaining 53 projects split roughly $31.5 million in commitments among themselves. For MetaDAO itself, the platform generated approximately $8,700 in revenue from its initial batch of projects.
A sourcing engine disguised as a launchpad MetaDAO operates a governance system built on futarchy, a decision-making framework that uses prediction markets to evaluate proposals. Instead of token holders simply voting yes or no, they effectively bet on whether a decision will increase the value of the organization’s token.
MetaDAO has already facilitated significantly larger curated raises. One project called Umbra garnered approximately $155 million through MetaDAO’s system. Compared to those numbers, Futardio operates at a different scale entirely, but it serves a complementary function as a deal-sourcing mechanism that lets the crowd do the initial screening.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Huma Finance’s PayFi Strategy Token, better known as PST, has hit a $322 million market cap, crowning it the largest yield-bearing asset on Solana. For a token that was sitting at roughly $158 million in April, that’s a tidy doubling act in about five months.
The growth trajectory tells a clean story: $158 million in April, $200 million by July, and now $322 million in mid-September.
How PST actually works Think of PST as a receipt you get for depositing USDC into Huma Finance’s protocol. Your deposit doesn’t just sit there. It gets lent out as short-duration financing to licensed payment institutions that need liquidity for things like cross-border settlements and trade finance.
These aren’t long-horizon bets. The financing periods typically last between one and five days, which keeps capital cycling rapidly and risk exposure low. The interest and fees collected from these receivables-backed credit lines flow back to PST holders, making the token’s value appreciate over time.
The annualized yield lands around 8% in USDC, with current estimates ranging between 7% and 9%. Perhaps the most striking data point: zero credit defaults since inception. Every loan extended through the protocol has been repaid.
The numbers behind the growth Huma Finance reported cumulative transaction volumes surpassing $14 billion by the end of June, a 67% jump during the first half of the year alone.
PST’s outstanding balance grew 57% in the first half of the year, reaching $181.8 million by June 30. The collateral deployed on Solana’s lending markets climbed to $75.3 million over the same period.
The protocol has also expanded beyond Solana’s borders. PST is now integrated with Morpho and Fluid on Ethereum, opening the token to a much broader pool of DeFi participants and capital.
Institutional interest is the real signal Bitwise and Coinbase Asset Management are among the institutional participants that have engaged with Huma’s offering.
PST now ranks among the leading tokenized credit assets globally, not just on Solana.
The governance side of Huma runs on a separate HUMA token, which has a circulating supply of approximately 1.73 billion tokens out of a maximum supply of 10 billion. The distinction matters: PST is the yield engine, while HUMA handles protocol governance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana Labs co-founder Anatoly Yakovenko has condemned the misdemeanors of a small group of network validators, calling to “nuke them from orbit” and bar the guilty parties from participating in protocol governance.
Corvus Labs’ Andrei Vacariu has highlighted DeFi Development Corporation as one of the network’s most flagrant laggers, a term used to describe validators who deliberately slow the chain in order to earn greater rewards.
The discussion comes as Solana presses on towards 200ms slot times, an ongoing upgrade designed to improve network scalability.
Yakovenko Takes Shots at Laggers Despite all Solana’s efforts to increase bandwidth and reduce latency, certain validator operators remain content to slow the network for their own financial gain. By intentionally delaying slot times, validators are able to capture more transactions and earn greater yields.
Yakovenko, and several other network leaders, have previously decried the practice, arguing that it counterproductive to Solana’s goals and suggesting that stake pool operators blacklist transgressors.
Repeating his 2025 call to “nuke them from orbit”, Toly has once again made his displeasure with slot laggers clear, suggesting perpetrators be banned from participating in network governance.
Numerous ecosystem leaders have since reinforced Yakovenko’s position, while some have suggested that social pressures and the “soft power” of the Solana Foundation could be used to discourage misbehaving operators. Others have suggested protocol-level technical solutions would be a stronger alternative, to which Yakovenko suggested setting a QOS standard that must be met for validators to qualify.
Who’s Slowing Down Solana? Corvus Lab’s Andrei Vacariu argues that DeFi Development Corp, a Digital Asset Treasury company, and Temporal, a Research & Development firm, are among the biggest public culprits.
Vacariu claims that Temporal-managed validators, including DFDV, are consistently delaying slots. Allegedly, these operators are also drained and rotated, but are believed to be linked to a larger cluster of Temporal-managed wallets.
Similarly, Vacariu asserts that DeFi Development Corp. is spinning up unnamed validators to continue the practice and avoid detection.
The Corvus Labs’ researcher argues that the fact that these validators’ sole staker is the $dfdvSOL LST, which has had its stake multiplied via Jupiter Lend looping strategies.
Vacariu has since asked the wider Solana community what his future investigative work should explore. According to a recent poll, network participants are most interested by private orderflow deals.
Solana Draws Closer to 200ms Slot Times While slot laggers are deliberately slowing the network for financial gain, Solana continues its push towards faster slots and enhanced network scalability. After implementing the first slot time reduction in late August, the network has successfully completed the second reduction, bringing Solana’s slot time down to a target 300ms.
According to onchain data, the current per-minute average slot time is around 316ms, just shy of the 300ms target. 200ms remains the ultimate goal, which Anza expects to be realized over the course of two more implementations.
Additionally, Anza has announced that Transaction v1, an upgrade designed to raise max transaction size from 1,232 bytes to 4,096 bytes, increasing the capacity for more complex onchain transactions.
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Solana has regained key support levels, driving renewed optimism for a significant price recovery. Analysts view the network’s performance as a signal for a possible major upward move, supported by increased trading activity and expansion in its tokenized-equity ecosystem.
Analysts outline bullish targetsCrypto analyst Javon Marks reported that Solana (SOL) is showing renewed bullish potential after reclaiming a pivotal support region. Marks stated that the cryptocurrency could be in the early stages of a rally toward $233.8, provided this resistance area is breached. Should momentum continue, he projected that a subsequent move could target $456.
Marks’ outlook follows a period where SOL rebounded from its summer lows, having bottomed near $58 and consolidating below the $82 level for much of July. After breaking out above $107, Solana established a stronger bullish trend.
Marks indicated that “SOL may be starting a larger move to $233.8, and if that level is cleared, an extended upward push toward $456 could become possible.”
Recent data from TradingView indicates SOL transitioned from a consolidation phase to a more robust recovery, with current prices at $101.64, reflecting a 2.38% daily gain. Analysts stressed the importance of maintaining this region to support further bullish momentum.
Market structure and technicalsTechnical indicators suggest continued buyer support at crucial levels. SOL is trading above its 20-day exponential moving average (EMA) at approximately $99.75, which now acts as dynamic support. Meanwhile, widening Bollinger Bands reflect increased volatility, with upper and lower bands at $107.54 and $97.88 respectively.
IndicatorLevel20-day EMA$99.75Bollinger Band Upper$107.54Bollinger Band Lower$97.88Current Price$101.64Marks’ price projection of $233.8 represents an increase of more than 120% from current levels, though he emphasized this is a potential price target rather than a guarantee. For the rally to materialize, SOL must hold above key resistance levels and attract further buyer participation.
There is no confirmed price objective, but if SOL sustains higher prices and breaks resistance, the projected targets could gain credibility.
A move above $233.8 would further reinforce the bullish view, raising prospects for an advance toward $456. Analysts cautioned, however, that strong buying momentum and a supportive broader crypto market are needed for these targets to become realistic.
Rising trading activity and derivatives dataCoinGlass data showed that Solana’s 24-hour trading volume increased by 71.35% to reach $5.86 billion, signaling heightened market involvement. Meanwhile, open interest dipped slightly by 0.84% to $5.92 billion.
MetricCurrent ValueChangeTrading Volume (24h)$5.86 billion+71.35%Open Interest$5.92 billion-0.84%The spike in volume combined with a minor open interest decline implies that recent price movements may not be entirely due to leveraged trading. This trend could signal healthy spot demand driving the rally, although traders continue to monitor if open interest will rise alongside prices.
Growth in Solana’s tokenized-equity ecosystemIn addition to price developments, Solana’s network has seen rapid adoption in tokenized-equity offerings. The total supply of tokenized equities recently reached an all-time high of $684 million, representing a 47% increase over the past three weeks. These assets are spread across multiple platforms rather than being concentrated in a single provider.
Notable projects that have launched stock-based products on Solana include xStocks, Ondo, Backpack Securities, Sunrise, Superstate, and Securitize. Through these platforms, hundreds of tokenized stocks and ETFs can be accessed on the network.
Mini dictionary: Tokenized equity, a digital representation of stock ownership issued on a blockchain, allows traditional financial assets like shares or ETFs to be bought, sold, or transferred seamlessly in a decentralized environment.
Solana now faces a critical technical phase as investors assess whether the rally can turn into a longer-term bullish trend, with strong ecosystem growth counterbalancing continued market volatility.
Solana has regained momentum after reclaiming a critical support level, sparking optimism among market observers about the potential for significant price advances. Rising trading activity and a robust tokenized-equity ecosystem are contributing to renewed interest in the Solana network, reinforcing its bullish technical outlook.
Analysts identify key upside targetsAccording to crypto analyst JAVON Marks, Solana (SOL) appears to be entering the early phases of a major move. Marks projects that if SOL continues its recovery, it could target $233.8 in the medium term. Should momentum persist and this resistance is breached, Marks envisions a possible extended rally toward $456.
Solana’s latest uptrend follows a notable recovery from its summer lows, when SOL bottomed near $58 and spent most of July consolidating below $82. The subsequent breakout saw the token surpass $107, which established a more constructive bullish structure for the digital asset.
TradingView data reveals that after this move, SOL shifted from consolidation to a fresh recovery phase. The token recently traded at $101.64, marking a 2.38% gain on an intraday basis. For analysts, maintaining price action in this region will be important in determining the robustness of the rebound.
Technical signals support continuationTechnical indicators underline this renewed strength. SOL currently trades above its 20-day exponential moving average (EMA), now at approximately $99.75, acting as a dynamic support. Bollinger Bands have widened with increased volatility; the upper band sits at $107.54 and the lower at $97.88.
Marks estimates that the projected move to $233.8 would represent an increase of over 120% from current price levels. He emphasizes, however, that this is a projection rather than a certain outcome, and cautions that SOL must firmly sustain above resistance before higher targets become realistic. Should SOL break through $233.8, the case for further gains toward $456 would be reinforced, provided that bullish momentum and favorable liquidity conditions persist.
Marks points out that achieving a push above $233.8 could further strengthen the bullish thesis, while reaching $456 would require a sustained build-up in both price and participation across the market.
Recent derivatives data from CoinGlass underscores growing market activity. The 24-hour trading volume for SOL surged 71.35% to $5.86 billion, illustrating substantial participation. Meanwhile, open interest declined slightly by 0.84% to $5.92 billion, suggesting that the latest rally did not rely heavily on leveraged positions.
The combination of rising spot volume with flat or declining open interest may reflect genuine buying interest rather than speculative positioning, though traders continue to watch for simultaneous increases in both metrics to confirm sustained bullish momentum.
Tokenized-equity adoption and ecosystem growthAlongside technical signals, Solana is witnessing unprecedented growth in its tokenized-equity ecosystem. Data indicates that tokenized-equity supply on Solana has reached a record $684 million, up 47% over the past three weeks. This expansion is occurring across multiple platforms, including xStocks, Ondo, Backpack Securities, Sunrise, Superstate, and Securitize. As a result, hundreds of tokenized stocks and ETFs are now available on the network.
The growth in tokenized real-world assets reflects a broader shift within financial markets. While established markets have long depended on complex brokerage systems, Wall Street is increasingly engaging with Web3 infrastructure. Investors are now turning to solutions like 1stepSwap, where they can hold shares of major US companies, gold, and silver directly in their crypto wallets. These platforms tokenize real-world assets and automatically locate optimal market prices within seconds, removing the need for intermediaries.
Multiple platforms on the Solana network, such as xStocks and Securitize, now offer wide access to hundreds of tokenized stocks and ETFs, marking a rapid expansion in on-chain real-world asset adoption.
With these developments, Solana faces a critical technical juncture. Maintaining support above $99.75 is viewed as essential for sustaining the current bullish setup, while breaking above the $107.54 Bollinger Band resistance could signal further strength. If SOL continues to post higher highs with robust participation, Marks’ price projection of $233.8 will gain credibility, with the $456 mark forming a potential next target. However, the network remains sensitive to broader market volatility as momentum and ecosystem growth compete with external headwinds.
Amid the recent burgeoning activity on the network spurred by the “Stonks” meta, Solana dApps generated nearly $8 million in revenue on September 11, marking the network's strongest single-day performance since October 10, 2025, when dApps generated $8.1 million.
The latest figures point to broader activity across the Solana ecosystem, with DEX trading, token launches, and tokenized equities all reaching significant milestones.
dApp revenue hits 2025 levels Solana dApps generated $40.8 million in revenue last week, the highest weekly total since October 2025.
The increase comes alongside sustained trading activity on the network. Solana recorded $16.592 billion in DEX volume last week, keeping it the leading Layer 1 and Layer 2 blockchain by weekly DEX volume for the 20th consecutive week.
The network also crossed another major threshold on September 11, when cumulative DEX volume officially surpassed $3 trillion.
Solana strengthens its position in DEX trading Solana's lead extends beyond comparisons with other blockchains. The network has continued to exceed the weekly spot trading volumes of major centralized exchanges, including Bybit, Coinbase, and Kraken, for 12 consecutive weeks.
Only Binance recorded higher weekly DEX spot trading volume.
1.49M+ Tokens Launched As App Revenue Surges Solana recorded more than 1.49 million token launches over the past 7 days, setting the highest weekly total in the network's history. The surge in token launches aligns with growing onchain activity, as launchpads such as pump.fun and StonkFun have experienced sustained usage in recent weeks.
Memecoin trading contributed significantly to the network's DEX activity. Solana accounted for 61% of weekly memecoin DEX volume across all chains last week, up from 51% the previous week.
At the same time, Robinhood Chain's share declined from 40% to 32%, giving Solana a larger proportion of activity in the increasingly competitive memecoin market.
The number of token launches does not necessarily translate into sustained economic activity, but the record shows the scale of token creation taking place on the network.
324,000 New Holders of Tokenized Equity Activity has also expanded beyond crypto-native tokens. The number of holders of tokenized equities on Solana surpassed 800,000, reaching a new all-time high.
The network added 324,000 tokenized equity holders in just 1 week. Among the available tokenized stocks, $NVDAx remains the most-held tokenized equity by holder count.
The growth suggests that Solana's activity increasingly spans both speculative crypto markets and blockchain-based representations of traditional financial assets.
A Broader Surge in Network Activity Taken together, the latest figures show a sharp increase in activity across Solana's ecosystem. dApp revenue has returned to levels last seen in 2025, DEX volume remains dominant, more tokens than ever are being launched, and more people than ever are holding tokenized stocks.
It is quite the bull run for Solana’s network activity, but it remains to be seen if this momentum can be sustained into the coming months.
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Good evening, ladies and gentlemen. And thank you, Miller [Whitehouse-Levine], for your generous introduction. Of course, I should also like to thank the Solana Policy Institute for the invitation to join you today.
Before I go any further, let me offer the required disclaimer that the views I express here are my own as SEC Chairman and not necessarily those of the SEC as an institution or of the other Commissioners.
Cementing America as the Leader in Financial InnovationThis audience, perhaps more than most, understands the moment that we are in—and the choice that lies before us: will we build the future of finance here in America and remain the global leader in crypto innovation, or will we surrender that ground to another nation? I, for one, am emphatically committed to the former—as is our President.
From day one, President Trump has made American financial leadership and innovation the priority. At the SEC, we take that mandate seriously, and Project Crypto is our answer: a comprehensive, agency-wide effort to cement the United States as the Crypto Capital of the World, built rule by rule on a lawful foundation.
Now, I would be remiss not to address the imminent vote set to be taken down the street tomorrow. I have said it many times before, and I will say it again tonight: the U.S. must and will lead the world in financial innovation. To do so, Congress should vote to advance the CLARITY Act and send it to the President’s desk as soon as possible.
But let me be equally clear: with or without that legislation, this Administration will deliver for American investors and technological innovators—which is immensely important to our markets and to those who participate in them. Promises were made, and they will be kept. That has been true of the SEC’s agenda since the start of my Chairmanship, and true it will remain.
Regulation Crypto AssetsNowhere is that more evident than in our recently proposed Regulation Crypto Assets—one of the most significant steps that this Commission has ever taken to modernize federal securities regulation and give crypto assets a long-term home in the United States, grounded in our laws. If adopted, this rule would finally give entrepreneurs what they have been denied for more than a decade: the certainty to raise capital in this country to fund their crypto projects using digital assets, without guessing at the law as they go.
Feedback on the proposal is already pouring in, and one key question keeps surfacing above the rest: namely, does the proposal provide sufficient certainty for entrepreneurs who have delivered on the essential managerial efforts that they promised? Or, put more simply, when does a covered investment contract cease to exist? Indeed, this is one critical reason why I am urging Congress to advance the CLARITY Act tomorrow, which addresses the challenge of current law on this topic.
Ultimately, the underlying principle behind Regulation Crypto Assets is to protect investors, while at the same time empowering entrepreneurs to continue contributing once their promised efforts are complete.
Transfer Agent ModernizationTo be sure, we must work to modernize yesterday’s infrastructure even as we build tomorrow’s. Transfer agents, for example, have operated under rules that the SEC has not seriously touched in roughly forty years—rules written for a world of paper stock certificates, hand-delivered by messengers, locked in vaults. As picturesque as those printed certificates may have been, that world is now a museum piece.
Paper certificates are all but extinct, and transfer agents are already evolving to accommodate a future increasingly built on tokenized shares. The SEC should not be the last institution to notice that the world has changed. So, we recently proposed to streamline and modernize our transfer agent rules in part to reflect today’s technological reality. I look forward to reviewing public comment—from those in this room and beyond it—on how those rules should evolve to meet the onchain securities moment already arriving.
A Sound Crypto Custody FrameworkNow, as consequential as these proposals are, they amount to a stride forward—not a final lap. Much more is on the horizon, including consideration of a proposal to clarify the custody of crypto assets for investment advisers and regulated funds.
Ask anyone in venture capital or asset management what questions continually plague their mind, and you will likely hear two that top the list: first, can an investment adviser custody crypto assets on behalf of its clients, including a regulated fund? And second, can investment advisers instead use a state trust company as custodian for such assets?
Accordingly, I have asked staff to develop a proposal to answer yes to both—under certain circumstances and subject to appropriate conditions. As to self-custody, yes, because for too many assets a qualified third-party custodian simply does not exist yet. And as to state trust companies, yes, because that pathway already works in practice.
Taken together, Regulation Crypto Assets, transfer agent modernization, and a sound crypto custody framework are not three isolated policy initiatives. They are three pillars of a single, rational, and comprehensive regulatory architecture for how crypto assets are issued, traded, transferred, and held under American law—the structural foundation upon which we at the SEC will continue to build.
ConclusionIn closing, I am reminded of the prescient warning inscribed on the interior wall of the Thomas Jefferson Memorial not far from where we gather, from a letter that Jefferson penned to a friend in 1816:
“[L]aws and institutions must go hand in hand with the progress of the human mind. As that becomes more developed… institutions must advance also, and keep pace with the times. We might as well require a man to wear still the coat which fitted him when a boy, as civilized society to remain ever under the regimen of their barbarous ancestors.”
Indeed, it is time that we tailored a coat that fits. Should we fail to do so, we risk tokenization and blockchain-based finance becoming another technological frontier whose greatest advances are realized beyond our shores, by people who understand Jefferson’s principle better than we do.
By providing regulatory clarity while keeping faithful to our statutory mission, we can ensure that America remains the world’s premier destination to build the next generation of financial infrastructure—and remains, as I have pledged, the Crypto Capital of the World.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tokenized stocks just crossed a threshold that would have seemed absurd two years ago. xStocks, the tokenized equities platform from Backed Finance, racked up more than $1B in decentralized exchange trading volume over the past 30 days, with SPYx, a tokenized version of the SPDR S&P 500 ETF, leading the charge.
Raydium, the automated market maker on Solana, handled roughly 75% of those flows. That means three out of every four dollars of tokenized stock trading on xStocks ran through a single DEX on a single chain.
SPYx is the engine The tokenized S&P 500 tracker has attracted between 63,000 and 73,000 holders, with an on-chain market cap ranging from $46M to $73M. Daily volume figures on concentrated liquidity pools have been reaching into the millions, suggesting this isn’t just a novelty holding for crypto-native users. People are actively trading the thing.
The broader xStocks ecosystem now spans dozens of US stocks and ETFs, and cumulative trading volumes have climbed into the tens of billions since the platform launched in mid-2025. As of early September, assets under management crossed $800M.
Solana’s tokenized equity surge Tokenized equity DEX volumes on Solana hit a record $5.8B in the second quarter of 2026, making the chain the de facto home for on-chain stock trading. Raydium alone reached cumulative tokenized equity volume of $3B by late June, cementing its position as the primary venue for this asset class.
On September 14, xStocks expanded its DeFi integration by launching yield-generating vaults for SPYx, QQQx, and NVDAx through Kamino, a yield optimization protocol on Solana. That move adds a layer of passive income potential to tokens that already track real-world equity performance, essentially letting holders earn yield on their stock exposure without leaving DeFi.
Competitive pressure and market implications The $1B monthly volume milestone puts xStocks in a position to pressure competitors, including Binance’s bStocks offering. While centralized exchanges have the advantage of existing user bases and familiar interfaces, xStocks benefits from composability. Its tokens can plug into lending protocols, liquidity pools, and yield vaults across the Solana ecosystem.
For retail investors, the appeal is access: fractional trading of high-value equities with lower capital requirements, no brokerage gatekeeping, and 24/7 market availability. The $800M AUM figure suggests the risk-reward calculus is shifting for institutional players as well.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Grayscale handed financial advisors a ready-made crypto allocation on Monday, and XRP (XRP) took 26.11% of it. The token is the second-largest holding in the firm’s new Digital Assets Next Gen model portfolio.
A model portfolio is a published recipe. Grayscale picks the assets and the weights, and an advisor copies that mix into client accounts using the firm’s exchange-traded funds.
Today, Grayscale launched Model Portfolios.
Four strategies built around distinct investment objectives:
• Digital Assets Core Plus: Broad exposure to established assets, including $BTC, $ETH, $SOL, and $LINK
• Digital Assets Leaders: Exposure to the five largest eligible… pic.twitter.com/p62Gqrlkko
— Grayscale (@Grayscale) September 14, 2026 XRP Sits Second in a Portfolio Built Without BitcoinThe Next Gen model leaves Bitcoin out and held seven funds as of August 31. Ether leads at 42.34%, XRP follows at 26.11%, and Solana takes 21.09%.
Grayscale’s New Crypto Portfolios. Source: GrayscaleThose three fill roughly 89% of the basket. Hyperliquid, a trading-focused blockchain whose Grayscale fund listed only in June, takes 5.76%. Chainlink, Avalanche, and Sui split what is left.
Grayscale caps any one asset at 40% and resets the weights every three months. Ether has already drifted past that cap since the model started on July 27.
The Funds Behind It Have Been Losing MoneyXRP trades near $1.42, up about 5% on the day and fifth by market value. The Grayscale XRP Trust ETF, however, sits 38.51% below its launch price.
BeInCrypto reported in August that the same trust sold $180 million in tokens during the first half of the year at a realized loss. Six of the model’s seven funds trade below where they started.
The model itself shows a 30.69% net gain since July 27. That is five weeks of history built on one strong August, and the rest of the return table is empty.
Grayscale Returns on Model Portfolio. Source: Grayscale “Advisors are increasingly looking for ways to bring digital assets into client portfolios without having to build and maintain allocations asset by asset,” Laurie Katz, Grayscale’s Global Head of Distribution, framed the launch around convenience.
Grayscale charges no separate fee for the models, and the underlying funds average 0.23%. Whether advisors read Next Gen as emerging assets or as a large ether and XRP bet under a different name will decide how much money follows.
BNB Chain has continued to hit major milestones following its growing user engagement across the DeFi ecosystem, flipping other major blockchain networks in key metrics.
As onchain activity on BNB Chain continues to grow, the network has suddenly flipped Solana in DeFi TVL, sparking reactions from the crypto community, especially Binance's founder, Changpeng Zhao.
BNB Chain flips Solana in DeFi TVLNotably, recent onchain data shows that BNB Chain has recorded a massive $5.94 billion in DeFi TVL as of September 14.
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While this positions BNB Chain as the second largest blockchain by DeFi TVL, it has narrowly surpassed Solana, which has seen $5.89 billion locked in its DeFi market, dropping to become the third blockchain on the list.
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While Ethereum maintained its lead in first position, the data further showed that Base and Tron rank fourth and fifth in DeFi TVL, with about $5.63 billion and $5.47 billion, respectively.
CZ reacts With Ethereum remaining far above BNB Chain, maintaining its dominance as the largest blockchain with about $49.95 billion in DeFi TVL, it appears that this has drawn CZ's attention to what may be BNB Chain's biggest hurdle to reaching the top spot.
In his post, CZ acknowledged BNB Chain's progress and outperformance against Solana. However, he also compared it to Ethereum, joking about the unlikely chance of BNB Chain flipping Ethereum soon, calling it a "long road."
Nonetheless, CZ further stressed that the rankings should not be viewed as a competition, but rather as a drive for more development to further build the BNB Chain ecosystem.
Grayscale Rolls Out Four Model Portfolios for Digital Asset Investors@Grayscale has launched a suite of four model portfolios designed to give both institutional and individual investors structured, objective-driven exposure to the digital asset market. The move builds on the firm's existing exchange-traded product (ETP) lineup and is aimed squarely at financial advisers looking to allocate to crypto at scale.
All four portfolios are market-cap weighted, rebalanced quarterly, and subject to a 40% weighting cap per asset.
The four portfolios are:
Digital Assets Core Plus:
Digital Assets Leaders:
Digital Assets Next Gen:
Digital Assets Infrastructure: Targets the protocols powering smart contracts, tokenization, and related blockchain infrastructure, giving investors a way to back the foundational layer of the ecosystem rather than individual currencies.
A Broader Push Into Mainstream Finance
The model portfolio launch represents a further step in that direction, offering pre-constructed frameworks rather than leaving allocation decisions entirely to individual advisers or investors.
The timing reflects a broader shift in the industry. Financial advisers have faced growing client demand for digital asset exposure but have often lacked ready-made tools to deploy allocations efficiently. Grayscale's model portfolios aim to close that gap by packaging its ETP range into defined, rebalancing strategies.
Sources:
GlobeNewswire: Grayscale Investments Launches Grayscale Model Portfolios
The Manila Times: Grayscale Model Portfolios Launch Coverage
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.
14 September 2026 | 11:04 Solana again leads current DEX volume, but the three busiest networks are processing less trading volume than they did across the previous week, according to latest data.
Key Takeaways Solana leads the latest DEX-volume ranking. Four chains handled $4.40B in 24 hours. That total trails its seven-day pace by 37%. Ethereum ranks third in the latest window. Robinhood Chain’s earlier surge was crypto-native. Solana returns to first place as trading slows Solana has returned to the top of the latest DEX-volume ranking, though the pace of activity across the leading networks has eased. Solana, Robinhood Chain, Ethereum and BSC processed about $4.40 billion in the latest 24-hour window – roughly 37% below their combined average daily volume over the previous week.
The latest DefiLlama data puts Solana first with $1.637 billion in 24-hour DEX volume. Robinhood Chain followed with $1.379 billion, Ethereum recorded $721.6 million, and BSC handled $659.41 million.
DEX-volume rankings as of September 14, 2026, at 07:55 UTC. Solana’s lead follows a brief period in which Robinhood Chain had taken first place. A September 5 report, citing DefiLlama, placed Robinhood Chain’s daily DEX volume at $1.89 billion, ahead of Solana and BSC. Solana has since moved back into first place, while the combined turnover of the four largest chains has dropped below its recent weekly pace.
Ethereum’s ranking changes with the timeframe Ethereum ranked third in the latest 24-hour window, ahead of BSC by about $62 million. The longer comparison is less straightforward. BSC recorded more DEX volume over the past seven days, at $9.934 billion versus Ethereum’s $8.562 billion. Over 30 days, Ethereum was again ahead, with $39.263 billion compared with BSC’s $37.153 billion.
That gap shows why a daily leaderboard should not be treated as a permanent measure of chain demand. A 24-hour result can shift quickly with large stablecoin swaps, a trading incentive, token launches or one active venue. The seven- and 30-day figures provide a more useful check on whether the ranking reflects a short-lived burst or a broader change in activity.
Robinhood Chain’s earlier surge was driven by crypto trading Robinhood Chain was built to support tokenized stocks and other financial products, but its first wave of activity came from crypto trading. In August, the chain passed $25 billion in cumulative DEX volume. Our earlier analysis found that memecoins, stablecoin pairs and other crypto swaps accounted for much of that turnover, while Stock Tokens represented a smaller share.
This context limits what can be inferred from the latest fall in daily volume. DefiLlama’s chain table combines all tracked DEX swaps. Stablecoin trades, meme-coin transactions and stock-linked tokens all contribute to the same figure, so the data does not identify which category accounted for the slower day.
Robinhood Chain’s daily turnover has eased from its recent high, while Solana has posted the largest DEX total in the latest window. A claim about meme-coin demand would require more specific evidence, such as active-wallet data, launch activity and liquidity in individual token pools.
Solana leads a quieter DEX session The four-chain comparison shows two things at once: Solana handled the most DEX volume in the latest 24-hour period, and traders moved less capital across these major venues than they had on an average day during the prior week. Ethereum’s differing seven- and 30-day position underlines how quickly those daily rankings can change.
For now, the data supports a limited conclusion. Trading has cooled from a recently elevated pace, while Solana has reclaimed the lead. A longer sequence of lower volumes, accompanied by weaker wallet participation and thinner liquidity, would be needed to show a more durable retreat in speculative activity.
This article is provided for informational purposes only and does not constitute financial or investment advice. DEX volume and token-market data change continuously.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
A New Fee Distribution ModelPumpfun has overhauled its fee structure, removing Cashback Mode and replacing it with a new Holder Rewards system. The change marks a meaningful shift in how value flows through the Solana-based memecoin launchpad.
Holder Rewards is the platform's direct response to that structural flaw.
How Holder Rewards Works
However, the decision is permanent. Rewards are paid out in the token's quote asset, which includes $SOL or $PUMP depending on the pairing.
The update is part of a broader push by Pumpfun to encourage longer holding periods and reduce short-term speculation on its platform.
BNB Chain has edged past Solana in decentralized finance total value locked, reclaiming the number-two spot behind Ethereum.
According to DeFiLlama data, BNB Chain’s DeFi TVL sits at roughly $5.935 billion compared to Solana’s $5.887 billion. The gap of roughly $48 million is razor-thin, less than 1% separating the two chains.
A seesaw that won’t stop The second-place ranking in DeFi TVL has bounced back and forth throughout 2025 and 2026, with Solana briefly pulling ahead as recently as July 2026.
BSC, Solana, Base, and Tron all cluster in the $5-6 billion TVL range, making the battle for positioning particularly volatile. Daily swings driven by token prices, capital flows, and protocol activity mean today’s leader can easily be tomorrow’s runner-up.
For context, Ethereum’s DeFi TVL hovers around $50 billion. That’s roughly 8.5 times larger than BNB Chain’s current figure.
What’s driving BNB Chain’s push BNB Chain has reportedly added over $3.6 billion in RWA value throughout 2026, outpacing Solana’s $2.6 billion growth in the same category, according to CryptoRank data.
PancakeSwap, the chain’s flagship decentralized exchange, remains the single largest contributor to BNB Chain’s TVL, with previous quarterly reports attributing around $2.2 billion to the protocol.
Transaction fees remain low compared to Ethereum, which keeps the chain attractive to retail users. Being the native chain of the world’s largest crypto exchange provides a built-in distribution channel that most competing blockchains simply don’t have.
Solana isn’t going quietly The chain continues to lead in several important metrics, including decentralized exchange trading volume and application revenue.
DEX volume is arguably a better indicator of actual user activity than TVL, which can be inflated by idle capital sitting in lending pools or by the price appreciation of staked assets. Solana’s throughput, capable of processing thousands of transactions per second, makes it the preferred home for high-frequency trading applications and order-book style exchanges.
What this means going forward The $48 million gap between BNB Chain and Solana could flip with one large deposit or withdrawal, or even a modest swing in BNB or SOL token prices, since TVL is denominated in dollars and rises or falls with the underlying asset values.
Both chains are actively pursuing growth in RWA tokenization, stablecoin liquidity, and institutional partnerships. The era when one or two chains dominated DeFi is giving way to a more fragmented landscape where BSC, Solana, Base, and Tron all compete within the same narrow TVL bracket.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana fell back below the $100 threshold, placing a key price level under renewed focus for traders and investors. On September 14, SOL was trading at roughly $98.30, reflecting a daily loss of 2.2% and a seven-day decline of 4.7%. Macroeconomic pressures alongside weaker institutional demand for Solana-based ETFs contributed to the recent downturn in price.
Key technical levels and price outlookMarket participants closely monitor the $100 mark, as Solana has tested this area multiple times throughout September. According to Coinpaper, the $97.70 breakout point now acts as the dividing line between a possible price recovery and a deeper corrective phase.
A stronger move above $100 alone would not immediately signal a full return to bullish momentum for Solana. The initial area of resistance is at $106 to $110, where concentrated trading activity and liquidation levels have repeatedly acted as a barrier. Coinpaper’s technical analysis has also identified $117 to $120 as the next significant resistance zone, which would need to be broken before further upside gains become more likely.
Coinpaper emphasizes that while reclaiming $100 is encouraging, traders will be looking for a sustained push through $106–$120 to confirm stronger price momentum.
LevelSignificance$97.70Breakout support$100Immediate line to watch$106–$110First resistance area$117–$120Next key resistance$145–$150Long-term upside target$80–$85Downside risk if below $97Institutional demand and ETF flowsInstitutional interest in Solana ETFs paints a mixed picture. ETFs tracking the network have recorded about $1.3 billion in net inflows since launch. Notably, Bitwise’s BSOL became the first U.S. Solana ETF to surpass $1 billion in assets, building on recent milestones for institutional investment products.
On September 9, Solana-focused ETFs logged approximately $11.7 million in inflows. However, these were followed by small net outflows across the following two days. This shift is noteworthy since stronger ETF inflows have previously aligned with upward price moves for SOL, most recently fueling the August rally above $100.
ETF momentum previously enabled Solana to hold key support levels, but the loss of inflow momentum now coincides with weaker price action.
Mini dictionary: Bitwise Asset Management is a prominent U.S.-based provider of cryptocurrency index funds and ETFs, aimed at making digital asset investment accessible to institutions and individual investors.
Network adoption accelerates despite price pullbackDespite the recent dip in SOL price, Solana’s on-chain activity is showing signs of rapid growth. The number of addresses holding tokenized equities on its blockchain exceeded 800,000 as of September 12, up sharply from roughly 425,000 at the start of the month—an 88% increase in less than two weeks.
This rapid uptick signals strong adoption for Solana’s tokenized stock initiatives, suggesting underlying network fundamentals remain robust even as SOL faces price pressure from broader market dynamics. If this adoption trend translates into longer-term demand rather than just a short burst of interest, it could eventually strengthen overall support for the network.
For now, Solana remains caught between expanding network user activity and a challenging macro environment, with price action reflecting this push-pull dynamic.
STONK, the native token of the StonkFun platform, saw its price fall by 26% to $0.22 on Monday, just a day after setting a new all-time high above $0.30. The steep drop has prompted questions about the sustainability of both its recent rally and the broader reflection token trend that has gained momentum in recent weeks.
Revenue-sharing token faces volatilityAs the main vehicle for distributing StonkFun’s platform earnings, STONK uses transaction fees to implement regular token burns. By September 14, StonkFun reported that approximately 15% of the total STONK supply had already been burned. This feature, designed to support long-term value, exists alongside the token’s reliance on ongoing platform activity and the launch of successful “runner” reflection tokens within the ecosystem.
StonkFun reports allocating about 60% of its revenues to purchasing and burning STONK on the open market, with the remaining funds retained by the platform. However, high volatility remains a concern as STONK continues to undergo price discovery.
STONK’s recent price action has put a spotlight on its dependence on platform revenue and the popularity of new reflection tokens, factors that may contribute to further volatility if either weakens.
The reflection token trend, particularly active in the Solana ecosystem, has amplified trading volumes for STONK and similar assets. StonkFun serves as a revenue-sharing and reflection token platform where holders benefit from regular earnings tied to platform performance.
Mini dictionary: StonkFun — A Solana-based platform that distributes earnings to its token holders through revenue sharing and regular token burns, primarily by leveraging the reflection token trend in the crypto market.
Liquidity and whale activity fuel concernsSTONK’s trading activity remains concentrated, with the largest share of volume located on Meteora, one of Solana’s top decentralized exchanges. Meteora accounts for over 41% of STONK’s total volume, but the primary liquidity pair holds only $2.8 million in available liquidity. This limited liquidity makes STONK vulnerable to significant price slippage during larger trades.
PlatformSTONK Volume ShareLiquidityMeteora41%$2.8 millionOther DEXs59%SmallerSTONK has little to no presence on perpetual futures markets and, as a relatively new asset, remains prone to rapid swings. Large holders and early buyers, often referred to as “whales,” have added to the volatility. The top STONK trader reportedly realized $3.8 million in net gains and sold off $30 million worth of the token before accumulating again near recent lows. Some influencers also generated profits up to $78,000, adding further downward pressure.
Blockchain analysis service Bubblemaps identified that, despite STONK having relatively small wallet clusters, the token’s early investors could continue to influence prices, sustaining volatility while the token’s value is still being established.
Mini dictionary: Bubblemaps — An analytics platform that visualizes token holder concentrations and network activity to reveal correlations and clusters that may impact price movements.
Reflection tokens and platform competitionStonkFun’s primary appeal has been twofold: the possibility of rapid gains from trending reflection tokens and earning dividends through holding. However, the sharp price drop in STONK has echoed across other high-profile tokens on the platform, with several losing over 30% in the past day. For investors, the risk-reward tradeoff is stark, as price drops of 50% or more can unfold within hours.
Among StonkFun tokens, ZCAT—which reflects ZCash performance—remains a standout. ZCAT experienced gains following mentions from prominent influencer Ansem. Still, even high-profile tokens on the platform have not escaped recent selling pressure.
Platforms competing for user activity have heightened risks for STONK and the reflection token model. “Vampire attacks,” where rival projects siphon off liquidity and users, have accelerated. Competitors such as Robinhood and PumpFun, which also experiment with reflection token mechanics, threaten StonkFun’s dominant position.
Despite these headwinds, StonkFun briefly outperformed Robinhood in weekly revenue, generating $7.39 million in the last week. BNB Chain has also entered the sector by adding reflection tokens to its meme-focused FourMeme platform, highlighting an intensifying contest over this segment of the crypto market.
Reflection tokens currently active on StonkFun mostly rely on Solana’s existing infrastructure and collaborate with tokenization providers like XStocks. As the reflection token landscape develops, observers expect ongoing platform wars and elevated risk until market dynamics stabilize.
Mini dictionary: XStocks — A leading platform on Solana that enables the tokenization of stocks, allowing users to hold and trade tokenized shares connected to real-world assets.
Three blockchain networks now control the overwhelming majority of the euro-denominated stablecoin market. Ethereum, Solana, and Base collectively account for 91.5% of all euro stablecoin market capitalization.
The total euro stablecoin market cap has reached approximately $835 million as of mid-August 2026. That figure represents a staggering expansion from roughly €50 million at the start of 2024.
Ethereum’s grip on the euro Ethereum commands about 69.5% of the euro stablecoin market, translating to somewhere between $579 million and $589 million in euro stablecoin supply on the network.
Solana sits in second place with roughly 14.8% of the market. Base, Coinbase’s Layer 2 network built on Ethereum, rounds out the top three at approximately 6.9%.
Earlier in August, the total euro stablecoin supply was estimated between $805 million and $811 million, with the same three chains holding similar market shares.
MiCA changed everything MiCA-compliant stablecoin supply reached approximately $674 million by mid-2026. That means the vast majority of euro stablecoins in circulation now operate under a recognized regulatory umbrella.
Two issuers dominate the supply side. Circle’s EURC often represents up to 63% of the total euro stablecoin supply. SG Forge’s EURCV, backed by French banking giant Société Générale, holds a meaningful share as well. Together, the two tokens account for more than 80% of all euro stablecoins in circulation.
Other blockchain networks exist in this market, but barely. Gnosis, XRP Ledger, BNB Chain, and Avalanche are among the roughly 17 other chains hosting euro stablecoins, yet their combined share amounts to less than 9% of the total.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
As trading activity grows to rival major venues, Solana’s tokenized equity markets are starting to attract attention.
In light of this, tokenized stocks on Solana [SOL] generated more than $200 million in volume. Surprisingly, these volumes exceed those associated with tokenized equities listed at both NASDAQ and NYSE, in excess of $100 million.
Source: X Notably, Raydium [RAY] captured about 70% of that activity, as such, representing the primary source of liquidity behind the growth. The comparison is narrower than it first appears. This is because it covers tokenized equities rather than the full stock market.
However, even with such a narrow scope, the size of the increase reflects the rapid pace of the emergence of on-chain stock trading. As more tokenized equities gain liquidity, Solana could become increasingly important for this emerging market.
Solana expands its tokenized-equity market Against that backdrop, Solana’s tokenized-equity market is also expanding rapidly. As a result, this expansion gives traders a growing pool of assets to trade. Tokenized-equity supply reached a record $684 million last week, marking a 47% increase in just three weeks.
Increased amounts of capital are being represented through tokenized equities and ETFs as well. The expansion also comes from several issuers rather than one platform. xStocks, Ondo, Backpack Securities, Sunrise, Superstate, and Securitize have all launched stock products on Solana.
Source: X In total, these platforms offer over 100 different types of tokenized equities and ETFs, widening the market beyond a handful of assets.
This may create conditions that will allow for increased trading volume. However, there still needs to be substantial increases in trading volumes relative to new supply coming into the market.
SOL tests the $102.50 barrier Meanwhile, Solana continues trading in a wide consolidation after its sharp August rally. The current price is currently near the midpoint of this trading range at approximately $101.48.
SOL trades near $101.48 after recovering from the $97.50 area, where buyers recently stepped in. That lower boundary (purple line) provided support at each of the previous two rallies, hence remaining the key support beneath price.
This lower boundary, shown by the purple line, has repeatedly protected the range and remains the key support beneath the price. Above it is a key resistance at $102.50 (orange line) that has acted as the main pivot, rejecting several advances since late August.
Source: TradingView A sustained break above it would signal that buyers are finally overcoming repeated resistance and could expose the upper $107.50 level, marked by the purple line, followed by $110.68.
Meanwhile, the teal zone around $74–$78 shows the base that preceded August’s rally. RSI at 49.46 suggests momentum has reset, leaving SOL positioned for a decisive move.
Final Summary Solana expands tokenized equities as volume tops $200 million and supply hits $684 million. SOL is testing $102.50 after recovering from $97.50 and needs to break higher to extend its rally.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana price traded near $101.50 on Sep. 14 after a late-week rebound defended the $98–$100 support zone, but a tightening 4-hour triangle and heavy liquidation clusters on both sides of the market point to a larger move ahead.
Summary
Solana price fell about 2.2% between Sep. 8 and Sep. 14 despite recovering from $98.38. The 4-hour chart places SOL inside a symmetrical triangle between roughly $100 and $103. Daily acceptance above $106 could expose $109–$110.50, according to analyst Ella. A daily close below $98 would weaken the rebound and bring $94.50–$96 into view. Solana price recovers after falling below $100 According to data from crypto.news, Solana (SOL) price opened the 7-day period at $103.33 on Sep. 8 before selling pressure pushed its price to a multi-week low of $98.38 on Sep. 11. SOL subsequently recovered above $100 and traded around $101.50 at the time the charts were captured on Sep. 14.
The move left Solana down approximately 2.2% over the period despite its late-week recovery. Price also remained below the $103–$105 area, where sellers repeatedly stopped rebound attempts.
Solana’s daily chart shows that the token has consolidated since reaching approximately $110 in late August. The pullback followed a steep rally from the mid-$70s, leaving the current range positioned above the market’s earlier August breakout area.
Solana price daily chart — Sep. 14 | Source: crypto.news The daily relative strength index stood at 56.17, above the neutral 50 level but below its moving average of 60.80. The reading indicates that the wider recovery has retained some momentum, although buying strength has cooled since SOL entered the recent consolidation.
Murrey Math levels place the price near the chart’s $101 “ultimate resistance” line. A sustained move above this area would still need to clear the recent highs between $105 and $110 before confirming another leg higher.
4-hour triangle puts Solana near a decision point The 4-hour chart shows SOL compressing inside a symmetrical triangle, with descending resistance extending from the late-August high and ascending support connecting the September lows.
Solana price 4-hour chart — Sep. 14 | Source: crypto.news At approximately $101.50, Solana was trading in the lower half of the formation. The pattern’s upper trendline sits around $103, while rising support is approaching the $100–$100.70 region.
The Supertrend indicator remained bearish at $104.08, placing another layer of resistance above the triangle. SOL would need to break both the descending trendline and Supertrend level to strengthen the short-term bullish case.
The Aroon indicator produced a more constructive signal. Aroon Up stood at 85.71%, while Aroon Down was at 0%, suggesting that recent highs had occurred more recently than new lows. However, the signal has not yet resulted in a confirmed breakout.
A 4-hour close above approximately $103 could open the way toward $104.08 and the broader $105–$106 resistance zone. Failure to hold the triangle’s lower boundary would instead expose $98.50, followed by the weekly low near $98.38.
The converging trendlines suggest that the available trading range will continue to narrow. Symmetrical triangles can resolve in either direction, making a confirmed candle close outside the structure more useful than an intraday break.
Liquidation clusters surround SOL between $98 and $103 CoinGlass’ 24-hour liquidation heatmap shows concentrated leverage immediately above and below Solana’s market price. The closest large upside cluster appears around $102.60–$102.90, while additional liquidity sits near $103.60–$104.
Solana liquidation heatmap | Source: CoinGlass A rise through $103 could force leveraged short positions to close, potentially accelerating a move toward the upper resistance levels. The chart also shows further, less concentrated liquidity extending toward $105–$106.
Downside liquidity is concentrated around $100.60–$100.80, with a larger band near $98.50–$98.80. Price may be drawn toward either zone if volatility increases because clusters of leveraged positions can produce forced buying or selling once liquidation levels are reached.
The heatmap does not establish direction by itself. Instead, it shows that a break below $100 could encounter a pool of long liquidations before SOL reaches the more important $98 support area.
Solana’s recovery from below $99 during the displayed 24-hour period suggests buyers have so far absorbed selling near the lower cluster. Price nevertheless remained beneath the closest upside liquidity, leaving neither side in clear control.
SOL needs $106 acceptance to target $110.50 Crypto analyst Ella described $98.50–$100 as the support zone preserving Solana’s broader rebound. According to her Sep. 13 analysis, daily acceptance above $106 would return the $109–$110.50 region to focus.
Ella identified $104.50–$106 as the immediate resistance range after SOL failed to sustain its latest attempt toward that area. Her chart characterizes the current price action as consolidation following an expansion rather than a completed breakdown.
The bearish scenario would gain strength if Solana records a daily close below $98. Ella said such a move would expose the $94.50–$96 zone, which overlaps an earlier breakout area visible on the daily chart.
For the bullish case, SOL must first retain $100, break the 4-hour triangle, and reclaim the bearish Supertrend at $104.08. Daily acceptance above $106 would then provide stronger confirmation, with the late-August peak near $110 acting as the next major test.
A loss of $98 would invalidate the immediate rebound structure. Below $94.50–$96, the supplied market context identifies deeper support near $90.80, around the 50-day moving average.
US traders are also awaiting the Federal Reserve’s Sep. 16 policy decision, which could increase volatility across high-beta crypto assets. Until SOL clears $106 or closes below $98, its charts favor consolidation between defined support and resistance rather than a confirmed directional move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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.
On September 12, Solana’s tokenized equity trading volume hit $200 million, beating the combined volume of the Nasdaq and NYSE by more than $100 million. For a blockchain that most people still associate with memecoins and NFTs, quietly outpacing Wall Street’s two flagship exchanges in stock trading volume is quite the character arc.
The milestone represents more than a single good day. Solana has consistently captured between 85% and 95% of all global on-chain tokenized equity trading activity throughout 2026, making it the de facto home for blockchain-based stock trading.
Inside the numbers Raydium, Solana’s largest decentralized exchange, handled roughly 70% of the $200 million in tokenized equity volume on September 12.
The day after the record, September 13, brought another milestone. The total supply of tokenized equities on Solana reached an all-time high of $684 million, with 727,000 holders across the network. That supply figure represents a 47% increase in just three weeks.
Perhaps the most telling statistic is this: 63% of tokenized equity trading volume on Solana through August occurred outside standard US market hours.
The September 12 record wasn’t Solana’s first brush with six-figure tokenized equity volumes. The blockchain first crossed the $100 million daily threshold back in mid-June 2026.
Why tokenized equities are gaining traction Tokenized equities are blockchain-based representations of traditional stocks. Think of them as digital twins of shares in companies like Apple or Tesla, but ones that can be traded on decentralized platforms without broker intermediaries, settlement delays, or the constraint of market hours.
Traditional stock settlement in the US still operates on a T+1 cycle, meaning trades don’t officially settle until the next business day. On Solana, settlement is near-instant. Transaction costs are fractions of a cent compared to the fees charged by traditional brokerages for certain order types and services.
The 63% after-hours trading figure reveals a structural demand that legacy exchanges are architecturally unable to meet. Someone in Singapore or Lagos who wants to trade US equities at 2 AM local time has limited options through traditional channels. On Solana, the market is always open.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Altcoin sezonu beklentileri, ağustos ayındaki yükselişin ardından yeniden sorgulanıyor. Ethereum ve Solana gibi büyük projeler kurumsal talebi artıran gelişmelere rağmen değer kaybederken, bazı altcoinler güçlü performans sergilemeyi başardı. Piyasadaki bu ayrışma, sermayenin hâlâ Bitcoin tarafında yoğunlaştığını gösteriyor.
Ethereum son bir haftada yaklaşık yüzde 2 geriledi. Buna karşın kurumsal yatırım şirketi Bitmine, aynı dönemde 28.086 ETH daha satın aldı ve şirketin Ethereum hazinesindeki miktar, toplam ETH arzının yaklaşık yüzde 4,9’una ulaştı.
Ethereum Ve Solana’da Kurumsal Talep Neden Yetmedi? Ethereum tarafında spot ETF’ler de pozitif bir tablo ortaya koydu. Söz konusu ürünlere toplam 218 milyon dolarlık giriş gerçekleşirken, Ethereum kurucu ortağı Vitalik Buterin de EIP-8141 teklifini gündeme getirdi. Öneri, stablecoin işlemlerini kolaylaştırmayı ve kullanıcıların gas ücretleri için özel olarak ETH tutma ihtiyacını azaltmayı hedefliyor.
Buna rağmen ETH fiyatındaki düşüş devam etti. Bu durum, olumlu temel gelişmelerin kısa vadede satış baskısını tamamen ortadan kaldırmaya yetmediğini gösteriyor.
Solana da benzer bir tablo çizdi. SOL yaklaşık yüzde 4 değer kaybederken, ağ daha büyük ve karmaşık DeFi işlemlerini gerçekleştirme kapasitesini geliştiren Transaction V1 yükseltmesini devreye aldı.
Kurumsal tarafta ise DeFi Development Corp. dikkat çekti. Şirket, SOL satın almak amacıyla 11 milyon dolar topladı. Ancak spot SOL ETF’lerinde sınırlı çıkışlar görülmesi ve genel piyasa zayıflığı, token üzerindeki baskının devam etmesine neden oldu.
Hangi Altcoin Projeleri Yükseldi, Hangileri Düştü? Piyasanın tamamı düşüş yaşamadı. XRP, RLUSD piyasa değerinin 2,3 milyar doları aşmasına rağmen daha sert geriledi. BNB ise yüzde 1,5 düşerken BNB Chain tokenleştirilmiş varlıklar alanındaki konumunu güçlendirdi.
BNB Chain üzerinde yaklaşık 1,267 milyar dolarlık tokenleştirilmiş hisse bulunuyor. Bu rakam, toplam pazarın yüzde 44,6’sına denk geliyor ve BNB Chain’i Ethereum ile Solana’nın önüne taşıyor. Jupiter’in JUP tokenı ise tokenleştirilmiş varlık alanındaki genişlemesine rağmen yalnızca yüzde 0,7 geriledi.
Yükselen tarafta Tron yüzde 2,7 değer kazandı. Canary Capital’ın TRXS adlı ilk spot staking destekli TRON ETF’sini başlatması, TRX için önemli bir katalizör oldu.
Aptos yüzde 6,4 yükseldi. Bitwise’ın potansiyel spot Aptos ETF’si için S-1 başvurusu yapması, APT’ye kurumsal erişimin genişleyebileceği beklentisini artırdı.
En güçlü performansı ise Kaspa gösterdi. KAS yüzde 23 yükselirken dolaşımdaki arzın hard cap’in yaklaşık yüzde 96,5’ine ulaşması, gelecekteki arz seyrelmesine ilişkin endişeleri azalttı.
Bitcoin Hakimiyeti Altcoin Sezonunu Geciktiriyor Mu? Piyasanın genel görünümü hâlâ Bitcoin lehine. Altcoin sezon endeksi haber sırasında 40 seviyesinde bulunuyordu. Bu değer, piyasanın henüz belirgin biçimde altcoin sezonuna geçmediğini ve Bitcoin sezonunun daha güçlü olduğunu gösteriyor.
Ayrıca altcoin vadeli işlemlerindeki açık pozisyon miktarı, Aralık 2024’ten bu yana ilk kez Bitcoin’in üzerine çıktı. Bu gelişme, yatırımcıların altcoinlerde daha agresif kaldıraçlı pozisyonlar aldığını gösteriyor.
Bitcoin ise haber sırasında 76.751,69 dolardan işlem görüyordu. BTC son 24 saatte sınırlı bir düşüş yaşamasına rağmen son bir ayda yüzde 22’nin üzerinde değer kazandı.
Bitcoin hakimiyeti de yüzde 59,29 seviyesinde bulunuyor ve günlük bazda 0,18 puan yükselmiş durumda. Bu tablo, sermayenin altcoinler yerine BTC’yi tercih etmeye devam ettiğine işaret ediyor.
60% Direnç Kırılırsa Altcoin Fiyatları Ne Yaşayabilir? Bitcoin hakimiyetinin yeniden yüzde 60 seviyesindeki kritik direnci test etmesi, piyasanın geleceği açısından önemli. İşlem hacimlerinin zayıf kalması ve makroekonomik belirsizliğin yeniden artması, BTC hakimiyetinin bu bölgede reddedilmesine yol açabilir.
Böyle bir senaryo gerçekleşirse sermayenin altcoinlere yönelmesi ve eylül ayındaki hareketlere benzer yeni bir altcoin rallisinin başlaması mümkün. Ancak bu ihtimal henüz kesinleşmiş değil.
Gerçek bir altcoin sezonu sinyali için altcoinlerin kendi önemli direnç seviyelerini aşması gerekiyor. Bu nedenle kripto para piyasasında yalnızca Bitcoin hakimiyetini değil, fiyat kırılımlarını ve işlem hacmini birlikte takip etmek gerekiyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
2 hours ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
2 hours ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
2 hours ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
2 hours ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
2 hours ago
Long.xyz Founder: This Week to Roll Out Contract and Synthetic Asset Design Updates, Integrating Them with the Platform’s Top Trading Pairs
Long.xyz, a meme coin issuance platform built on Robinhood’s blockchain, founder Nate stated in a post that this week, perpetual contracts and synthetic assets will have great design scope, and they will be integrated with the platform’s top trading pairs. Last week, Long.xyz launched a 1x long position pool supporting tokenized positions of OpenAI and Anthropic, a product that was once widely hyped in the market.
Stablecoins are beginning to rewrite the playbook for global remittances, a market that has operated on aging infrastructure for decades. A Solana Foundation report argues that digital dollars on high-throughput blockchains can cut costs, speed settlement, and expand access in ways traditional money-transfer rails have not.
The industry’s problems are familiar. Sending $200 still carries an average fee of 6.49 percent.
Transfers routinely take three to five business days.
Operators must park large sums in pre-funded accounts so recipients can collect cash on time, tying up hundreds of billions of dollars that could be put to better use.
Workers send more than $900 billion home each year on systems designed in the mid-20th century.
The report, titled “An Evolution of Money Movement: How Stablecoins on Solana Are Reshaping Remittances,” is aimed at established money-transfer companies and fintechs deciding how to respond.
It highlights three core research findings.
First, remittances remain isolated transactions; they rarely come bundled with savings tools, credit histories, investment options, or portable financial identities.
Second, the market continues to overlook 1.3 billion adults without bank accounts, even though nearly half of them already own smartphones.
Third, stablecoin transfers can settle almost immediately, cost far less than legacy corridors, and reach people who lack traditional banking relationships.Several large players have already moved.
Western Union introduced USDPT, a dollar stablecoin issued through Anchorage Digital Bank, and paired it with a Digital Asset Network plus a Stablecard developed with Rain. Zepz, the parent of WorldRemit and Sendwave, rolled out the Sendwave Wallet for recipients in more than 100 countries.
Tala, which serves 13 million customers across emerging markets, launched a $50 million tokenized lending facility in partnership with Huma Finance.
On the ground, firms such as Yellow Card, Flutterwave, Bitso, Trace Finance, and Sphere Pay handle local-currency conversion in destination corridors.
The research report maps a composable technology stack and the Solana projects operating at each layer.
It outlines five business models that go beyond simple transfers, including wallets that become full financial platforms and stablecoin issuance as a revenue stream.
It also describes four practical entry points ranging from low-risk treasury optimization to building an entire stablecoin platform, each with its own barriers, timeline, and revenue potential.
Corridor-specific chapters examine flows, partners, and regulations for the United States to Mexico and Brazil, as well as Nigeria, the Philippines, and India.
A market-by-market regulatory section flags risks operators must navigate.
The document presents stablecoins not as a speculative experiment but as the first generation of production remittance products already live. For operators facing stubborn costs and slow settlement, the report frames blockchain-based dollars as a concrete alternative rather than a distant possibility.
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
2 hours ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
2 hours ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
2 hours ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
2 hours ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
2 hours ago
Long.xyz Founder: This Week to Roll Out Contract and Synthetic Asset Design Updates, Integrating Them with the Platform’s Top Trading Pairs
Long.xyz, a meme coin issuance platform built on Robinhood’s blockchain, founder Nate stated in a post that this week, perpetual contracts and synthetic assets will have great design scope, and they will be integrated with the platform’s top trading pairs. Last week, Long.xyz launched a 1x long position pool supporting tokenized positions of OpenAI and Anthropic, a product that was once widely hyped in the market.
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.
Backpack Securities has launched its $WEN token on Solana, adding a new tokenized asset to the blockchain as the network’s derivatives and trading activity continues to climb. The launch was revealed in a social post, positioning $WEN as a fresh addition to Solana’s expanding ecosystem of tokens and tokenized securities.
The launch $WEN goes live on Solana as part of Backpack Securities’ broader push into tokenized assets. The token is expected to catalyze trading activity, particularly in the derivatives segment that has gained traction on the network in recent weeks. Backpack Securities has framed the move as a step toward deeper integration with Solana’s high-speed trading infrastructure, which offers low transaction costs and fast settlement times that appeal to active traders.
Market context Solana has seen a surge in perpetual futures volume, and tokenized equities on the network have grown past $684 million as stocks begin trading around the clock, while platforms like Raydium LaunchLab widen the range of tokens that can launch on the network. The $WEN launch follows a pattern of new tokens rolling out on Solana, with several meme-focused and tokenized launches — including $ENIS — debuting on the chain in recent months. Tokenized securities have become a particularly active area, as platforms race to bring traditional assets on-chain and capture demand for continuous, programmable trading.
What to watch Traders are watching whether $WEN attracts meaningful volumes and whether it deepens Solana’s position in tokenized securities. The launch underscores how Solana’s fast, low-cost infrastructure has made it a preferred venue for new token issuances, even as the broader market weighs the regulatory outlook for tokenized equities and derivatives. If $WEN draws sustained liquidity, it could signal growing appetite for tokenized assets beyond the established blue-chip tokens that dominate most trading volumes.
Backpack’s expanding footprint Backpack Securities sits at the intersection of crypto and traditional finance, offering exposure to tokenized versions of real-world assets. Its expansion on Solana reflects the network’s emergence as a hub for tokenized equities and derivatives, where projects have been able to launch and attract liquidity more quickly than on slower, costlier chains. The $WEN debut is the latest in a string of Solana-based launches aimed at capturing that momentum, and it adds to a growing roster of assets that can trade around the clock.
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Blockchain analyst specializing in the regulatory impact of government policies on the crypto industry. Known for his thorough research and clear, engaging writing, Emmanuel provides insightful analysis on the latest trends, market shifts, and emerging crypto innovations. His work aims to educate and inform both novice and experienced readers, offering expert perspectives on the fast-evolving world of digital assets. With a passion for staying ahead of the curve, Ogwu is a trusted voice in the cryptocurrency and blockchain space.
The altcoin market is seeing a major shift after the August rally. Ethereum [ETH] has fallen about 2% despite bullish developments. In the past week alone, Bitmine added 28,086 ETH, bringing its treasury to nearly 4.9% of Ethereum’s supply.
At the same time, Spot ETH ETFs also saw $218 million in inflows. Meanwhile, Vitalik Buterin came up with an EIP-8141 proposal, which aims to simplify stablecoin transactions by reducing users’ need to hold ETH specifically for gas fees.
Joining the trail, Solana [SOL] dropped 4% despite activating its Transaction V1 upgrade, which improves its ability to handle larger and more complex DeFi transactions.
DeFi Development Corp. also raised $11 million to buy SOL, adding potential institutional demand. However, spot SOL ETFs recorded modest outflows, while broader market weakness kept pressure on the token.
Other altcoins that saw a dip Ripple’s XRP faced a even more sharper decline depsite RLUSD’s market cap surpassed $2.3 billion. Additionally, Binance Chain [BNB] fell 1.5%, although BNB Chain strengthened its position in tokenized assets.
It now holds approximately $1.267 billion in tokenized stocks, or 44.6% of the market, ahead of Ethereum and Solana. Jupiter’s JUP fell just 0.7% as it expanded into tokenized assets.
Altcoins that surged during the same period However, not all altcoins saw a dip, as Tron [TRON] gained 2.7%, helped by Canary Capital launching TRXS, the first spot-staked TRON ETF.
Aptos [APT] surged 6.4%, driven largely by Bitwise filing an S-1 for a potential spot Aptos ETF, raising expectations for greater institutional access to APT.
Kaspa [KAS] was the strongest performer, surging 23% as its circulating supply approached 96.5% of its hard cap, reducing concerns about future supply dilution.
The altcoin season index supports Bitcoin This comes on the heels of the altcoin season index, which was sitting at 40 at press time, which indicates the market is still leaning toward Bitcoin [BTC] season rather than altcoin season.
Source: CoinGlass Well, AMBCrypto’s recent report also shows altcoin Open Interest has surpassed Bitcoin’s for the first time since December 2024, signaling aggressive leveraged positioning.
This comes as Bitcoin was trading at $76,751.69 after a modest drop in the past 24 hours but a hike of over 22% in the past month.
Is Bitcoin dominance confusing investors? Meanwhile, Bitcoin dominance stands at 59.29%, up 0.18%, showing that Bitcoin continues to command a strong share of the overall crypto market.
Source: Trading View The steady rise in dominance suggests capital is still favoring BTC over altcoins, reinforcing the current Bitcoin season trend.
However, with Bitcoin dominance again testing the key 60% resistance, weak trading volumes and renewed macro uncertainty could trigger another rejection, potentially paving the way for a September-like altcoin rally. However, the signal remains unconfirmed until altcoins break through key resistance levels.
Final Summary Altcoins like Ethereum, Solana, Ripple, and Jupiter dropped after their August rally. Tron, Aptos, and Kaspa surged during the same period, but the altcoin index was at 40.
Key Takeaways Anatoly Yakovenko, co-founder of Solana, claimed the movement to slow AI development centers on securing “profitability at $1 trillion mcap” Dario Amodei, CEO of Anthropic, released an essay advocating for reduced AI advancement speed, emphasizing safety concerns Both Sam Altman of OpenAI and Elon Musk voiced support for Amodei’s slowdown framework David Sacks, previously White House AI adviser, argued that leading AI companies should self-regulate rather than impose industry-wide restrictions Financial markets remained stable following the slowdown discussions at Monday’s trading session Solana co-founder Anatoly Yakovenko challenged prominent AI executives this week following public endorsements from Anthropic’s Dario Amodei, OpenAI’s Sam Altman, and Elon Musk regarding a proposed deceleration of AI advancement.
Yakovenko delivered a terse response on X, posting just four words: “Profitability at $1 trillion mcap.” His statement referenced no particular organization and included no supporting financial evidence.
The implication was unmistakable. Yakovenko suggested the campaign to decelerate AI development prioritizes protecting dominant market positions of major players as they approach trillion-dollar market capitalizations rather than genuine safety considerations.
In a subsequent post, Yakovenko mentioned instructing his Codex to reduce token usage, seemingly ridiculing the concept of an artificial halt to AI advancement.
Amodei’s Framework for AI Development In his essay “We Must Pace the Frontier,” Amodei advocated for decelerating the pace of AI capability expansion rather than halting research entirely.
The framework consists of three components. Initially, Anthropic would grant external evaluators continuous access comparable to what internal safety teams receive. Amodei cited METR, the Model Evaluation and Threat Research organization, as a potential partner.
The second component involves coordination among leading AI firms in democratic nations to establish unified safety standards. Amodei recognized potential antitrust issues and suggested limited government authorization might be necessary.
The final element addresses global cooperation, potentially including arrangements with China. These could span from restrictions on AI-enhanced weaponry to oversight of automated model enhancement processes.
On September 12, Altman publicly supported Amodei’s framework, stating “I agree with Dario that we need to pace the frontier.” He committed to incorporating independent evaluators with full employee access and promised additional details forthcoming from OpenAI.
Musk’s endorsement was succinct. According to Reuters, he shared Amodei’s essay with the comment “Dario is right,” without elaborating on which aspects he supported.
Sacks Voices Opposition David Sacks, who previously served as White House AI and crypto adviser, contended that Anthropic and OpenAI can voluntarily reduce their development pace without imposing regulatory burdens on the broader industry.
He characterized the two firms as a “duopoly on frontier intelligence” and warned that centralized regulation could devastate smaller startups and open-source initiatives that have been narrowing the performance gap with industry leaders.
Sacks further argued that international AI agreements face low probability of success since China would likely refuse participation. He cautioned that constraining American laboratories could constitute voluntary technological disadvantage.
Neither Anthropic nor OpenAI has issued direct responses to the objections raised by Yakovenko or Sacks.
Financial markets demonstrated no significant concern. Industry analysts observed that reducing frontier model development speed does not necessarily correlate with decreased overall AI infrastructure investment.
As of September 13, Anthropic has pledged to implement external evaluation procedures but has not announced an implementation timeline or designated specific evaluators for the initiative.
Key Highlights Solana breached a months-long descending resistance line, establishing $92 as a critical support zone for retesting Technical analysts have identified potential upside levels at $108, $128, and $147 contingent on maintaining the $92 floor The token trades comfortably above all major exponential moving averages (20, 50, 100, and 200), signaling bullish momentum Derivatives markets show open interest climbing to $6.05 billion even as trading volume declined 55%, indicating increased leveraged positions Network activity remains robust with over 260,000 new token deployments daily across three consecutive days Solana has established a foothold near the $101–$102 level following a decisive breach of a prolonged descending resistance pattern on daily timeframes. This breakout marks the conclusion of an extended period of subdued price action and has brought multiple upside objectives back into consideration.
Market analyst Einstein was quick to identify this trendline penetration, mapping out a scenario in which SOL revisits the $92 zone, maintains support there, and subsequently advances toward $108, followed by $128, and ultimately $147.
Throughout July and August, SOL remained largely confined to a tight $74–$78 corridor before experiencing an explosive upward movement that carried it beyond $90 and eventually approached $107.
Technical analyst CryptoGerla observed on X that Solana appears to be executing a classic descending channel retest before initiating its next upward wave toward $150, implying that the recent price consolidation represents a continuation pattern rather than a trend reversal.
$100 Emerges as Critical Support Zone Market observer Ucan identified $97.70 as a pivotal support threshold, emphasizing that the bullish framework remains valid as long as prices hold above this level. The $100 threshold has evolved into a short-term psychological baseline following SOL’s retreat from its August peak near $110.
Near-term resistance clusters between $104 and $107, with a more substantial barrier forming in the $108–$110 range. A confirmed daily candle close above $110 would reinforce expectations for an advance toward $120.
A breakdown below the $97–$100 zone could trigger a retracement into the low-$90s region, which coincides with the 50-period EMA at $91.63 and the 200-period EMA positioned near $91.
ETF Capital Flows and Network Metrics United States-based Solana exchange-traded funds experienced robust performance throughout August, featuring an impressive 11-consecutive-day run of net positive inflows. While this momentum has moderated recently, institutional ETF accumulation contributed meaningfully to SOL’s rebound from summer lows.
Total assets under management in Solana ETFs previously surpassed the $1 billion milestone. A renewed surge of institutional capital could supply the buying pressure necessary to overcome the $110 resistance barrier.
On-chain metrics reveal extraordinary activity, with data from Solana Floor indicating that more than 260,000 new tokens launched daily on the network for three consecutive days. This sustained deployment rate demonstrates vigorous ecosystem participation.
Derivatives market intelligence from Coinglass indicates that open interest expanded by 1.65% to reach $6.05 billion, while 24-hour trading volume contracted sharply by 55.31% to $4.35 billion. This divergence between growing open interest and declining volume suggests heightened leverage concentration in the futures market.
The most substantial tracked wallet currently holds approximately 5.18 million SOL tokens, though deeper analysis indicates that most large-balance addresses represent staking contracts rather than liquid whale holdings poised for distribution.
Solana’s most significant upcoming challenge centers on the $92 retest zone. The ability of buyers to defend this level on a daily closing basis will be instrumental in determining whether the projected targets of $108, $128, and $147 remain viable in the near term.
Solana has strengthened its position above the $100 mark after surpassing a long-standing descending resistance line on daily charts, signaling a potential shift in momentum for the cryptocurrency. This latest move ended months of muted price action and opened the door to several possible upside targets, according to market participants.
Technical breakout brings upside into focusAfter consolidating between $74 and $78 throughout July and August, Solana staged a powerful rally, quickly pushing through $90 and briefly reaching towards $107. Market analyst Einstein outlined a bullish scenario in which Solana could revisit $92, use it as a launchpad, then attempt advances to $108, $128, and potentially $147 if key support levels hold.
Technical chart watchers noted that Solana is now trading comfortably above all major exponential moving averages, including the 20, 50, 100, and 200 periods—a configuration often interpreted as a sign of robust bullish momentum.
CryptoGerla, a well-known technical analyst, highlighted a classic retest pattern in play. The retest of the previous descending channel suggests that the current consolidation could precede another upward surge, rather than a reversal of trend.
Solana is currently executing a textbook descending channel retest, positioning itself for a potential move toward $150 if bulls defend the key support zones through the coming sessions.
$100 zone forms psychological and technical supportMarket observers point to the $97–$100 range as a crucial support band. Ucan, another trader following Solana closely, identified $97.70 as a key level that needs to be maintained for the bullish outlook to remain intact, especially after Solana pulled back from its recent August high near $110.
Short-term resistance is expected between $104 and $107, followed by a thicker barrier from $108 to $110. Should Solana close above $110 on the daily chart, analysts anticipate that momentum could quickly carry the token toward $120 and higher. Conversely, a breakdown below $97 could spark a deeper retracement to the low-$90s, lining up with major moving averages around $91.
ETF flows and network metrics underline strengthSolana-based exchange-traded funds in the United States saw a streak of 11 consecutive days with net positive inflows during August, although the pace has cooled more recently. Analysts suggest that this institutional accumulation played a vital role in lifting Solana off its summer lows.
Data from on-chain provider Solana Floor reveals a surge in activity, with the network hosting more than 260,000 new token deployments daily for the past three days. This high rate of token launches points to lively developer participation and user engagement.
Derivatives intelligence from Coinglass shows that open interest in Solana futures climbed to $6.05 billion, even as 24-hour trading volumes dropped 55% to $4.35 billion. This divergence points to increasing leverage and focused risk-taking in the market.
Open interest in Solana’s derivatives markets continues to rise, even as trading volumes shrink. This combination suggests an environment where leveraged positions are becoming more prominent, potentially setting up for sharp price moves.
During periods of heightened volatility—like major Federal Reserve meetings or sudden altcoin listings—market participants are increasingly seeking tools that can simplify monitoring charts, news, and portfolios. Privacy-first solutions such as CryptoAppsy have become popular, enabling traders to track real-time prices, set advanced alerts, read coin-specific headlines, and follow macroeconomic indicators all from one dashboard—without requiring an account.
Looking ahead, Solana’s immediate challenge centers on defending the $92–$100 zone. How buyers respond here will determine whether analysts’ targets of $108, $128, and $147 can be reached over the coming weeks. Most large Solana wallet addresses are linked to staking contracts, not immediate sales, reducing immediate concerns about heavy sell-offs.
CryptoRank has just crowned BNB Chain as the world number one in RWA growth in 2026 with +3.6 billion dollars recorded since January. Solana follows with +2.6 billion, Stellar with +2.5 billion. Nice trophy. Except that on the same September 12, DeFiLlama tells a completely different story: Solana returns ahead of Robinhood Chain in application revenues and DEX volume over 24 hours. Two rankings, two crypto realities. Here’s why they should not be confused.
In brief BNB Chain claims +3.6 billion dollars in RWA growth in 2026. This figure measures an annual value variation, not crypto trading activity. Solana regains the world lead in application revenues and DEX volume over 24 hours. Crypto: BNB Chain claims 3.6 billion dollars in RWA growth On September 12, BNB Chain shared on X a CryptoRank chart ranking blockchains by growth in RWA value (Real World Assets) since the beginning of 2026. Leading are:
BNB Chain with +3.6 billion dollars; Ahead of Solana which has +2.6 billion dollars; Stellar +2.5 billion dollars; Ethereum +1.6 billion dollars; Avalanche +1 billion dollars; zkSync +750 million dollars. The total value of on-chain RWAs would then have exceeded 39 billion dollars, up more than 50% since January. The major caveat is that this chart measures a variation, not a stock. It says nothing about the total held value, exchange volume, revenues generated for the crypto network, nor demand for the BNB token. And CryptoRank publishes neither product-by-product breakdown nor complete methodology. We only know that BNB Chain has gained ground. We don’t know exactly thanks to what.
BNB Chain leading RWA growth in 2026. The same dashboard can tell four different stories The RWA.xyz dashboard dedicated to BNB Chain shows about 5.6 billion dollars in distributed asset value, 14.3 billion dollars in stablecoin capitalization, and 14.9 billion dollars in transfer volume over 30 days. Three figures, three different definitions. Distributed value says nothing about exchange frequency, the stablecoins are a separate category that should not be confused with tokenized investment products, and transfer volume includes crypto issuer transactions, redemptions, bridge movements as well as real investor demand.
BNB Chain now hosts tokenized money funds, products linked to Treasuries and tokenized stocks, with Franklin Templeton, Circle, BitGo and Ondo Global Markets among the key listed issuers. This concentration is common in a still young and regulated market. But, it also means that a handful of decisions can move the ranking without reflecting a real change in demand.
Solana regains the crown of real crypto activity An RWA growth trophy looks nice on an infographic. Crypto users paying fees every day is what keeps a chain alive. And on this ground, September 12 delivered a completely different ranking. According to DeFiLlama data shared the same day by SolanaNews.sol and Whale Insider accounts on X, Solana regained the world lead in application revenues over 24 hours with 6.93 million dollars. Far ahead of BNB Chain, which ranks fifth with 1.02 million dollars, less than one-sixth of Solana’s figure.
Same trend on 24-hour DEX volume where Solana takes the lead with 3.248 billion dollars, ahead of Robinhood Chain (2.716 billion dollars), Ethereum (1.828 billion dollars) and BSC (1.332 billion dollars). So, the same day BNB Chain was waving its RWA trophy, another ranking based on real crypto network usage rather than issued asset value placed Solana far ahead. The two figures don’t technically contradict because one can dominate asset tokenization and remain quiet on active trading. Except that waving a RWA growth figure without specifying what it measures is telling half the story.
What to retain from BNB Chain taking the lead in RWA growth in 2026? BNB Chain claims +3.6 billion dollars in RWA growth in 2026, a record variation not total value. BNB Chain’s own RWA.xyz metrics tell different stories depending on the indicator used (distributed value, stablecoins, transfer volume). On September 12, Solana regained the top spot worldwide in application revenues and DEX volume over 24 hours, far ahead of BNB Chain. A lead in tokenized value guarantees neither demand for the native token nor sustainable on-chain activity. The real test for BNB Chain is therefore not to add issuers to the RWA.xyz table, but to show these assets continue to circulate after their issuance. This concerns secondary liquidity, collateral use and repeated transactions. While waiting for this proof, September 12 mainly showed two winning crypto chains, but not on the same ground.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitcoin, Etheruem, Solana, other digital assets briefly advanced after August US inflation figures arrived close to forecasts, then slipped again over the weekend as trading thinned. BTC, ETH, SOL and many smaller tokens rose Friday when markets judged that the Consumer Price Index did not force a sharp rewrite of Federal Reserve rate expectations.
By Saturday and Sunday those gains had faded.
The official report from the US Bureau of Labor Statistics showed the CPI-U up 0.4 percent in August after seasonal adjustment and 3.4 percent over the prior 12 months.
Energy, especially gasoline, accounted for much of the monthly jump. Prices excluding food and energy rose 0.3 percent on the month and 2.4 percent year over year.
Headline numbers matched the typical economist forecast; the monthly core reading ran a tenth of a percent hotter than many estimates.
That mix left policy odds only modestly changed.
Traders already leaned toward a possible September adjustment after earlier labor and producer-price data.
The CPI print neither confirmed a broad re-acceleration nor delivered clear disinflation, so it added little new information about the path of rates.
Digital assets therefore reacted more to positioning and short covering than to a sudden shift in the outlook.Bitcoin climbed toward $79,000 before easing near the high $77,000s.
Ether moved above $2,500. Solana and other altcoins joined the same short-lived bounce.
Commentators pointed to the split between energy-driven headline inflation and still-moderating core trends as the reason officials could still look through part of the report.
The bounce did not last. Weekend sessions are thinner, and profit-taking plus light risk reduction pulled prices lower on Saturday and Sunday.
Bitcoin drifted back toward the mid-$77,000 area. Ether and Solana posted small declines or flat trade, and the wider altcoin market gave back most of Friday’s advance.
Market capitalization also contracted as smaller tokens lagged the majors.
The episode shows how sensitive crypto remains to the economic calendar even when the numbers are not shocking.
An in-line report removed the worst inflation-shock scenario but did not create a strong new catalyst.
Positions built on hopes of an unchanged or easier policy stance were trimmed once the initial relief faded.
ETF flows added another wrinkle, with bitcoin products seeing modest outflows while ether products attracted inflows.
Attention now turns to the Federal Open Market Committee meeting later this week.
Markets will watch both the decision and the accompanying language for signs that officials still treat energy spikes as transitory or that sticky core pressure will keep policy tighter. Until then, Bitcoin, Ethereum, Solana and the rest of the complex appear to be consolidating, quick to fade any move that lacks follow-through.
13 September 2026 | 16:03 GMEx gives Solana traders continuous exposure to GameStop’s price, but the token’s legal structure means buying it differs from owning GameStop stock through a broker.
Key Takeaways GMEx provides price exposure, not GME ownership. Weekend price gaps can persist until reopening. GMEx holders have no GameStop voting rights. Dividend effects are rebased, not paid cash. Issuer redemption is limited to eligible clients. Volume does not show available exit liquidity. GMEx lets Solana traders buy or sell GameStop-linked exposure at any hour. Yet the Backed-issued token neither represents GME common stock nor places its owner on GameStop’s shareholder register.
xStocks said GMEx is now available for round-the-clock trading on Solana decentralised exchanges. The token can give crypto users a way to trade a GameStop price view when Nasdaq is closed, but its legal structure determines what that access does, and does not, provide.
The ticker that launched a thousand memes, tokenized.
GameStop $GMEx is live on @Solana.
Trading 24/7 across DEXs. https://t.co/QJx47Bk5QE
— xStocks (@xStocksFi) September 12, 2026
GMEx extends GameStop price exposure beyond Nasdaq hours Nasdaq trading in GameStop shares follows a set market schedule. GMEx can trade whenever a Solana market has liquidity, including weekends, holidays and after the US session has ended.
Backed’s GMEx product record describes it as a tracker certificate issued as a Solana SPL token and an ERC-20 token on EVM-compatible networks. Its aim is to track GameStop’s share price. The token is backed through the issuer’s collateral structure, but it remains a separate financial instrument rather than a GameStop share.
A weekend GMEx quote can differ from GameStop’s last close When Nasdaq is shut, no new conventional GME share price is being set. GMEx may still move as Solana traders react to news, adjust positions or trade through a relatively thin liquidity pool. Its price can therefore sit above or below GameStop’s final Nasdaq price from Friday.
How GMEx pricing changes with Nasdaq hours
When Nasdaq is open
What sets the GMEx priceDEX trading alongside a live GME market
What may narrow a gapEligible issuance or redemption activity, if the price difference is large enough to cover costs
When Nasdaq is closed
What sets the GMEx priceOnchain supply, demand and traders’ expectations
What may narrow a gapThere is no live GME market, so a price gap may remain until regular US trading returns
There is no automatic correction between a weekend GMEx quote and GameStop’s next opening price. Once US trading resumes, eligible issuers and redeemers may compare GMEx with GME and use available issuance or redemption routes if the gap exceeds their costs. Ordinary DEX holders cannot assume they have access to those routes.
GMEx tracks GME’s value but carries no voting rights xStocks’ legal overview classifies its products as bearer debt instruments structured as tracker certificates. They provide economic exposure to the underlying equity but do not confer shareholder voting rights.
A GMEx holder has a claim under Backed’s certificate structure, not direct legal ownership of the GameStop shares held in custody. That is why a token holder should not expect to vote at GameStop shareholder meetings or receive company communications in the way a conventional shareholder would.
GMEx vs. GameStop shares
What is owned?
GMEx holderA tracker certificate
GME shareholderGameStop common stock
Can the holder vote?
GMEx holderNo GameStop voting rights
GME shareholderGenerally yes, subject to record-date rules
How are dividends handled?
GMEx holderRebased into the token exposure
GME shareholderPaid or reinvested through the brokerage account
What records ownership?
GMEx holderWallet ownership of the certificate
GME shareholderShareholder or broker records
If an underlying company pays a dividend, xStocks says it reinvests the amount, net of applicable taxes, into additional units of the same asset. The token then reflects that adjustment through a rebasing mechanism. On Solana, the displayed balance uses a multiplier to show the revised exposure, rather than sending a conventional cash dividend into the holder’s wallet.
Selling on a DEX is different from redeeming with Backed A GMEx holder can sell on a decentralised exchange if there is a willing buyer and sufficient pool liquidity. That is a secondary-market trade. Holding GMEx in a wallet does not automatically give its owner access to issuer redemption.
Two ways a holder may exit
Sell GMEx on a Solana DEX
Depends on pool liquidity and available buyers. The execution price can differ from GME, particularly outside US market hours.
Use an issuer redemption route
Requires eligibility and can involve onboarding. It is a mechanism for converting the certificate exposure, not an automatic feature of every wallet.
xStocks says eligible direct clients may issue or redeem through the issuer’s platform. Its in-kind xPort route requires onboarding with both Backed and brokerage provider Alpaca.
Users should check whether xStocks is offered in their jurisdiction before buying. The product is not intended for US persons or other prohibited jurisdictions, and onchain transferability does not override the issuer’s distribution restrictions.
Backed lists no current management fee for GMEx, while reserving the right to introduce one of up to 0.25% a year. Issuance and redemption can each cost up to 0.50%. A price gap between GMEx and GME does not automatically create an arbitrage opportunity: an eligible participant must still cover the spread, network costs and any issuance or redemption charge.
First-day volume does not show exit liquidity Solana Compass reported about $1.75 million in GMEx volume during the first 24 hours after listing, with 35,686 trades, 10,506 traders and 16,230 holders.
Those figures record active trading, but they do not show how much GMEx a holder can sell near the displayed price. The holder count refers to wallets rather than verified individual investors, and it does not reveal how much GMEx each wallet owns. A market can register many small trades while offering limited liquidity for a larger exit.
Anyone considering a trade should check the pool’s available liquidity, bid-ask spread and expected price impact. The broader market also matters: Solana’s tokenised-stock activity has expanded, but headline volume is not a substitute for testing whether a specific token can be bought or sold efficiently.
Continuous trading is useful only if the link holds GMEx’s appeal is straightforward: it lets crypto markets express a GameStop view outside exchange hours. The harder question is whether its price remains close enough to GME for that access to be useful when liquidity is thin.
The first US market sessions after a weekend offer an early comparison, but several market cycles will be more informative. Consistent collateral disclosure, functioning redemption routes for eligible users and sufficient DEX liquidity will matter more than the fact that the token can trade on a Sunday.
This article is provided for informational purposes only and does not constitute investment advice.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
