Tokenized real-world assets have been the crypto industry’s favorite buzzword for two years running. Now someone is trying to do it with the most boring financial instrument imaginable: your bank deposit.
LayerZero, the omnichain messaging protocol that connects over 70 blockchains, has partnered with Keeta, a Layer-1 chain built for payments and fiat interoperability, to enable native cross-chain transfers of tokenized bank deposits. The integration spans Ethereum, Solana, Base, and Keeta’s own network.
What tokenized bank deposits actually are Think of a tokenized bank deposit as a digital twin of the dollars sitting in your checking account. Each token is backed 1:1 by an actual deposit at a regulated bank, retaining the protections and compliance features you’d expect from traditional banking. The difference is that these tokens can move on-chain, 24/7, across multiple networks.
This matters because stablecoins, for all their growth, exist in a regulatory gray zone that makes traditional financial institutions nervous. Tokenized deposits, by contrast, are designed to sit squarely within existing banking frameworks. They’re regulated. They’re backed. And they potentially carry the same federal insurance protections as the deposits behind them.
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The distinction is subtle but significant. Stablecoins like USDC are liabilities of the issuer (Circle, in that case). Tokenized deposits remain liabilities of the bank itself. For institutional players and regulators, that’s a meaningful difference in risk profile.
How LayerZero and Keeta make it work LayerZero’s role here is straightforward but critical. Its messaging protocol allows these tokenized deposits to move natively between chains rather than relying on wrapped assets or centralized bridges. The protocol is currently live on Solana’s mainnet beta and connects with Ethereum, Base, Avalanche, Polygon, Arbitrum, Optimism, and BNB Chain, among others.
Native transfers matter because wrapped tokens introduce counterparty risk. Every time you wrap an asset to bridge it, you’re trusting the bridge operator to actually hold the underlying token. LayerZero’s approach lets the asset move without that intermediary step, which is a big deal when the asset in question is supposed to represent insured bank deposits.
Keeta brings the payments infrastructure to the table. The Layer-1 blockchain claims to support millions of transactions per second with sub-second settlement times. Keeta’s native token is KTA, while LayerZero operates with its ZRO utility and governance token.
Why this partnership matters for the broader market Investors should pay attention to the competitive dynamics here. JPMorgan has been experimenting with tokenized deposits through its Onyx platform. Citigroup has run pilots.
No specific transaction volumes or total value locked figures are available for the partnership yet, which means the market is pricing this on potential rather than proven traction.
One risk worth flagging: the success of tokenized deposits depends heavily on banks actually participating. LayerZero and Keeta can build the pipes, but someone has to turn on the water. The partnership creates the technical capability for cross-chain deposit transfers, but adoption will ultimately be driven by whether regulated financial institutions see enough demand and enough regulatory clarity to commit.
For traders watching the ZRO and KTA tokens, the near-term catalyst is clear. Every new institutional partnership or bank integration announcement will likely move these assets. Given that global bank deposits measure in the tens of trillions, even capturing a fraction of that flow would be transformative for any protocol involved.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tesla's losses widened to 12% in early trading, weighed down by negative free cash flow.
According to BIT (bit.com) market data, Tesla’s early-session losses widened to 12%, trading at $329.015 per share, with a total market capitalization of $1.24 trillion. This morning, Tesla released its second-quarter (Q2) financial results: revenue reached $28.24 billion, exceeding market expectations and rising 26% year-over-year, marking its first year-over-year revenue growth rate above 20% in three years. However, Q2 operating profit was only $398 million, far below the market consensus of $1.39 billion; adjusted earnings per share (EPS) came in at $0.33, down 18% year-over-year and also missing forecasts significantly. Notably, Tesla’s Q2 free cash flow stood at -$1.09 billion, its first quarterly negative figure since Q1 2024.
6 minutes ago
Uniswap v4 Launches Permissioned Pools
Uniswap has rolled out Permissioned Pools, a new hook standard for Uniswap v4 that enables permissioned asset trading via automated market makers, with compliance enforced directly on-chain. The permissioned asset pools are built in collaboration with on-chain asset management teams, and its first batch of partners includes Superstate, Securitize, and Dowgo.
6 minutes ago
Abraxas Capital deposits 2,211 $BTC to Kraken and 30,825 $ETH to Binance
Abraxas Capital deposited 2,211 $BTC ($143.88M) into #Kraken and 30,825 $ETH ($59.19M) into #Binance over the past 8 hours.
6 minutes ago
The US stock market's optical communication sector rose across the board, with Lumentum and AAOI gaining more than 7%.
According to market data from BIT (bit.com), the U.S. optical communication sector rallied across the board. Pure Photonics ETF FOTO and Corning advanced over 3%, Coherent and Ciena gained more than 4%, while Lumentum and AAOI jumped over 7%.
6 minutes ago
$BTC ETFs +$709.47M, $ETH ETFs +$160.63M in 7-day inflows
Fourth security incident today: A PancakeSwap liquidity provider (LP) granted a malicious approval, resulting in losses of approximately $2.96 million.
According to Specter’s monitoring, a long-inactive PancakeSwap liquidity provider (LP) suffered a loss of roughly $2.96 million after signing a malicious EIP-7702 authorization. The attacker drained approximately $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim, then swapped the BUSD for ETH. To date, the attacker has deposited around $1.46 million into Tornado Cash, with the remaining roughly $1.48 million in USDT still held in the attacker’s address.
JIMOTHY Sets a New All-Time HighThe Solana memecoin known as JIMOTHY (solana:Ge87EtsjwRQbHaqQmKRno69RFTwh9bfSsm99XNxTpump) surged 36% over the past 24 hours, pushing its price to a new all-time high of $0.044. The token's market cap briefly climbed to $44.6 million as the Jimothy rally entered a fresh phase, driven by widening mainstream attention.
The token is named after a real raccoon living in Seattle's Ballard neighborhood. The animal, which appears to have short spine syndrome, went viral in mid-July 2026 after local resident Kiana Hall filmed it near a Goodwill store. Anonymous developers launched the token on Pumpfun within days of the original video spreading online, and it quickly filled its bonding curve before graduating to PumpSwap, where it now trades against SOL on Solana decentralized exchanges.
Brand Accounts Pour Fuel on the FireThe latest leg higher has been partly credited to social media posts from major consumer brands. Pizza Hut, Burger King, Mountain Dew, and others joined the Jimothy conversation online, amplifying the trend well beyond crypto-native audiences and drawing a fresh wave of retail interest to the token.
This follows an already remarkable run. According to BeInCrypto, JIMOTHY jumped 186% in a single 24-hour window earlier in the rally cycle, with trading volume topping $36 million during its busiest stretch. The broader cultural moment has also extended offline: Seattle's city council is reported to have planned a formal "Jimothy Summer" proclamation for July 26, 2026, giving the meme an unusual degree of civic legitimacy.
Still, analysts caution that attention-driven tokens carry significant risk. The token has no whitepaper and no official connection to the raccoon or the city. Its price moves on narrative alone, and most Pumpfun launches lose the bulk of their value within days of peaking. Traders should weigh the momentum against the well-documented volatility of viral meme coins before taking a position.
Sources:
BeInCrypto via Yahoo Finance: Jimothy The Raccoon Solana Token Climbs 186% After Viral Meme Fame
Phemex: What Is Jimothy the Raccoon (JIMOTHY) Meme Coin
CryptoNews.net: What Is Jimothy Memecoin?
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The total value of tokenized equity on the Solana blockchain has reached a new milestone, surpassing $500 million and setting an all-time high. This development highlights the growing adoption and integration of tokenized equities within the Solana ecosystem. The rapid expansion of this market underscores Solana’s dominant position in the realm of on-chain finance, particularly in tokenized assets. The broader real-world asset market on Solana has also experienced significant growth, with tokenized equities representing a substantial portion of the total volume.
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The increase in tokenized equity value is reflective of Solana’s strengthening position in the decentralized finance landscape. Solana has been reported to control a substantial majority of tokenized stock transactions across various blockchain platforms. This surge in tokenized equity value comes amid Solana’s continuous efforts to enhance its network capabilities and expand its reach in the financial markets.
Key Takeaways The record-setting value of tokenized equity on Solana suggests increasing interest and investment in the platform’s ecosystem. Solana commands a significant share of tokenized stock transactions, reinforcing its competitive position in the on-chain finance sector. The expansion of Solana’s tokenized asset market may indicate further growth potential in the real-world assets segment. What to Watch Observers will focus on Solana’s continued ability to attract and retain investment in tokenized equities, as further increases could support scenarios where Solana’s price approaches or exceeds $90 in July. Developments such as regulatory changes, technological upgrades, or partnerships that enhance Solana’s market infrastructure could influence market perceptions. Market participants will also be monitoring broader financial and economic conditions, as these external factors could impact Solana’s market dynamics and future pricing scenarios.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 19.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Quick Overview While XRP commands a larger market capitalization at approximately $69B compared to Solana’s $45B, Solana demonstrates significantly broader onchain utility With roughly 38 billion tokens yet to enter circulation, XRP faces a fully diluted valuation approaching $111B By May, Solana’s network hosted over $2.8B in real-world assets alongside approximately $16.4B in stablecoin liquidity Galaxy Digital received $50M in commercial paper from J.P. Morgan directly on Solana’s blockchain using USDC settlement XRP Ledger hosted a collaborative pilot involving Ripple, J.P. Morgan’s Kinexys platform, Mastercard, and Ondo Finance centered on tokenized Treasury products Among the largest digital assets beyond Bitcoin and Ethereum, XRP and Solana stand out as major players drawing significant institutional attention. Despite their prominence, these networks serve fundamentally distinct purposes in the crypto landscape.
XRP functions primarily as a cross-border payment solution and settlement layer for financial institutions. Conversely, Solana operates as a comprehensive blockchain platform enabling decentralized trading venues, digital dollar infrastructure, asset tokenization protocols, and mainstream applications.
Market Capitalization Analysis Currently, XRP maintains a market capitalization hovering around $69 billion, while Solana registers approximately $45 billion. From this perspective, XRP appears to command greater market recognition.
However, examining fully diluted valuations reveals a more nuanced picture. XRP’s FDV extends to roughly $111 billion due to approximately 38 billion tokens remaining outside active circulation. In contrast, Solana has approximately 583 million of its 631 million maximum token supply already in circulation, resulting in minimal FDV divergence from current market cap.
This positioning provides Solana with a more transparent valuation framework. While XRP doesn’t face traditional inflation mechanisms—all 100 billion tokens were created at genesis—the substantial locked supply presents ongoing dilution considerations for investors.
Corporate and Banking Partnerships Recent months have witnessed both blockchain networks securing meaningful institutional engagement.
Ripple collaborated with J.P. Morgan’s Kinexys infrastructure, alongside Mastercard and Ondo Finance, executing a proof-of-concept demonstrating accelerated redemption processes for tokenized U.S. Treasury instruments on the XRP Ledger. Notably, portions of the settlement workflow still required conventional banking channels.
For Solana, J.P. Morgan facilitated a $50 million commercial paper issuance for Galaxy Digital executed entirely on-chain. Coinbase and Franklin Templeton served as purchasing entities. The entire transaction lifecycle—issuance through redemption—occurred on Solana using USDC stablecoin infrastructure.
Additionally, data from the Solana Foundation indicates the network captured 97% of all cumulative on-chain tokenized equity trading volume.
Platform Development and Investment Considerations May ecosystem metrics for Solana revealed real-world asset values exceeding $2.8 billion, complemented by stablecoin reserves totaling approximately $16.4 billion.
XRP’s competitive advantage lies in its specialized application focus. Payment rails, international money transfers, and institutional settlement represent clear, well-defined value propositions. Ripple has simultaneously diversified into custody services, stablecoin products, and tokenized financial instruments.
Solana presents higher volatility characteristics. Token value correlates directly with ongoing network usage, developer engagement, and stablecoin ecosystem expansion. Declining transaction activity could materially impact token demand fundamentals.
For risk-averse investors, XRP potentially delivers a more stable investment narrative. Its payment-centric positioning provides clarity, supported by a permanently capped token supply.
Investors comfortable with elevated volatility will find Solana offers multiple expanding growth vectors spanning stablecoins, tokenization infrastructure, and institutional financial applications. Additionally, Solana presents superior fully diluted valuation transparency alongside robust ecosystem development momentum as 2025 progresses.
XRP and Solana continue to dominate the digital asset sector, capturing attention from major financial institutions while serving noticeably different roles within the blockchain ecosystem.
Distinct purposes and market positionXRP operates mainly as a cross-border payments and settlement system, focusing on facilitating fast transfers for banks and financial entities. Managed by Ripple, a fintech company known for developing enterprise blockchain solutions, XRP aims to provide efficient global money movement for its clients.
Solana, meanwhile, functions as a versatile blockchain platform prioritizing high-speed decentralized applications (dApps), digital dollar infrastructure, asset tokenization, and mainstream adoption. The network is widely recognized for its rapid transaction throughput and broad application scope.
Currently, XRP holds a market capitalization of roughly $69 billion, ahead of Solana’s $45 billion. This margin implies greater market acknowledgment for XRP within the broader cryptocurrency space.
Differences in token supply and valuationA look at fully diluted valuation (FDV) illustrates a deeper contrast between the two assets. XRP’s FDV sits at around $111 billion because approximately 38 billion tokens remain outside active circulation. In comparison, Solana has already placed about 583 million of its total 631 million coins in circulation, leading to only a minor gap between its current market cap and FDV.
This fully circulating supply framework provides Solana with more transparent and predictable valuation metrics. Although XRP has a fixed supply of 100 billion tokens—created at the outset and not subject to ongoing inflation—the sizeable reserved supply still poses potential dilution risks for holders.
AssetMarket CapFully Diluted ValuationCirculating SupplyMax SupplyXRP$69 billion$111 billion~62 billion100 billionSolana$45 billion~$45 billion~583 million631 millionInstitutional partnerships and real-world adoptionBoth blockchains have drawn significant corporate and banking partnerships in recent months. Ripple joined forces with J.P. Morgan’s Kinexys platform, Mastercard, and Ondo Finance to run a proof-of-concept on the XRP Ledger. This project showcased swift redemption for tokenized US Treasury products, although some settlement steps still relied on traditional bank infrastructure.
J.P. Morgan also executed a $50 million commercial paper issuance for Galaxy Digital on Solana, with Coinbase and Franklin Templeton participating as buyers. Remarkably, the entire process—from creation to redemption—occurred on Solana’s blockchain, using USDC stablecoin technology.
Data provided by the Solana Foundation revealed that Solana captured 97% of all onchain tokenized equity trading volume, underlining growing institutional interest in the platform.
Mini dictionary: Galaxy Digital is a financial services firm specializing in digital assets, cryptocurrency investments, and blockchain technology.
Solana hosted over $2.8 billion in real-world assets by May, while its stablecoin liquidity reached approximately $16.4 billion, highlighting the breadth of its onchain financial activity.
Investor perspectives and risk factorsXRP offers stability rooted in its established use case as a platform for international payments and institutional settlements. Ripple has also branched into related areas, including custody, stablecoins, and tokenized finance, further broadening its appeal to the financial sector.
Solana, by contrast, presents more pronounced volatility. The token’s value remains closely tied to network usage, developer participation, and expansion in the stablecoin segment. Any downturn in transaction activity could directly affect demand and price performance.
XRP may appeal to conservative investors seeking a stable, payment-driven narrative, benefitting from permanently capped supply. Alternatively, Solana attracts those comfortable with risk and eager to capitalize on growth prospects in tokenization, stablecoins, and institutional blockchain integrations.
Investors evaluating long-term value in $SOL or $XRP must consider both tokens’ network activity, real-world partnerships, and supply dynamics as 2025 approaches.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
BancaStato Opens Crypto Trading Through Sygnum PartnershipBancaStato, the cantonal bank serving Switzerland's Italian-speaking Ticino region, has joined Sygnum's business-to-business (B2B) banking platform to offer crypto asset services. The integration allows BancaStato customers to buy, sell, and hold four crypto assets, including $BTC, $ETH, $LTC, and $SOL, through the bank's existing web and mobile banking apps.
Market orders can be entered by asset quantity or cash value, allowing customers to manage crypto positions alongside their traditional portfolios. BancaStato clients gain exposure to these assets through a regulated channel rather than a standalone exchange, and their holdings rest in Sygnum's custody rather than on the bank's own balance sheet.
A Streamlined Technical SetupThe integration connects Sygnum's API directly to Avaloq's platform, allowing customers to access crypto trading from their existing banking app. The setup also removes the need for a separate order management system, which the companies said reduces operational complexity and makes it easier to add new features.
According to Fritz Jost, Sygnum's chief B2B officer, BancaStato is the first bank using Avaloq's software-as-a-service platform to let customers buy, hold, and sell crypto assets through its e-banking platforms using Sygnum's API.
BancaStato joins more than 25 financial institutions using Sygnum's B2B platform to offer regulated digital asset services. Sygnum said its partner banks give more than a third of the Swiss population a route to own digital assets. The move also fits a broader trend among Swiss lenders. Zürcher Kantonalbank, the country's fourth-largest bank, has rolled out Bitcoin trading and custody, while St. Galler Kantonalbank opened Bitcoin buying and custody to retail clients.
Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU's Markets in Crypto-Assets Regulation, granted by Liechtenstein's Financial Market Authority.
Sources:
Cointelegraph: BancaStato Launches Bitcoin Trading With Sygnum
CryptoAdventure: BancaStato Adds Bitcoin, Ether, Litecoin And Solana Trading Through Sygnum
Service launch broadens Swiss banking access to regulated cryptocurrency products.
A Swiss cantonal financial institution, BancaStato, has introduced regulated digital currency trading capabilities within its banking applications by leveraging Sygnum’s cryptocurrency infrastructure alongside Avaloq’s banking technology. This new functionality enables account holders to purchase, store, and liquidate Bitcoin, Ethereum, Solana, and Litecoin directly through the bank’s current web and mobile interfaces. The implementation strengthens BancaStato’s digital investment portfolio while maintaining cryptocurrency services within its supervised banking framework.
Cryptocurrency Trading Embedded Within BancaStato’s Banking Infrastructure The integration was achieved by connecting Sygnum’s business-to-business application programming interface with BancaStato’s Avaloq core banking system. Account holders gain access to digital currency trading using the identical applications they currently utilize for traditional banking and investment activities. By incorporating digital assets directly into established services, the financial institution eliminated the necessity for a standalone trading interface.
Upon release, BancaStato provides trading capabilities for Bitcoin, Ethereum, Solana, and Litecoin. Account holders can place market orders denominated in either cryptocurrency units or corresponding U.S. dollar amounts. The bank maintains portfolio oversight within its established digital banking interface.
Sygnum processes all cryptocurrency transactions via its regulated infrastructure while delivering institutional-quality custody solutions. The custody architecture incorporates hardware security, software safeguards, governance protocols, and independent auditing. Furthermore, client digital assets are maintained separately from the institution’s balance sheet in accordance with regulatory mandates.
Digital Asset Services Extended Through Sygnum’s Banking Infrastructure This deployment positions BancaStato among over 25 financial institutions utilizing Sygnum’s business-to-business banking infrastructure. The implementation designates the bank as the inaugural institution on Avaloq’s software-as-a-service platform to activate Sygnum-facilitated crypto trading via direct API connectivity. This methodology diminishes operational intricacy by eliminating separate order management system requirements.
The streamlined architecture enables BancaStato to modify trading capabilities while preserving its existing banking infrastructure. The framework facilitates risk oversight without introducing supplementary operational tiers. Account holders administer conventional investments alongside digital assets through a unified banking relationship instead of disparate platforms.
Established in 1915, BancaStato provides financial services throughout the Canton of Ticino in southern Switzerland. The institution continues broadening its investment product range while preserving its regulated banking framework. The cryptocurrency integration incorporates digital assets without altering the customer interface across its digital channels.
Industry Context for BancaStato’s Digital Asset Integration Sygnum maintains its expansion of regulated digital asset infrastructure for financial institutions throughout Switzerland and broader Europe. Its collaborative network currently delivers digital asset access to over one-third of Switzerland’s population via affiliated banking institutions. Prior integrations encompass entities including PostFinance, Zuger Kantonalbank, Bordier & Cie, and SocGen FORGE.
The infrastructure has experienced consistent growth in recent years as conventional banks enhanced digital asset product offerings. Earlier implementations revealed significant demand from banking clientele utilizing integrated cryptocurrency services in conjunction with traditional financial instruments. PostFinance subsequently broadened its Sygnum-enabled service portfolio by introducing Ethereum staking capabilities through its established banking platforms.
The BancaStato deployment represents another significant achievement for Sygnum’s European activities. On June 30, 2026, Sygnum Europe obtained Crypto-Asset Service Provider authorization under the European Union’s Markets in Crypto-Assets Regulation via Liechtenstein’s Financial Market Authority. This regulatory approval enhances supervised digital asset services for banking institutions across the European Union while facilitating future growth through proven banking infrastructure.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Mubadala Capital has launched a tokenized version of one of its private markets strategies for qualified investors, using infrastructure from UAE-based tokenization firm KAIO.The fund, available on Coinbase’s Base network, Solana and Sui, has already attracted about $75 million in onchain assets, and Coinbase is taking exposure to it on its own balance sheet.Mubadala’s move adds to a growing wave of major asset managers embracing tokenized funds, as Wall Street projects trillions of dollars in tokenized securities and the UAE positions itself as a hub for tokenized finance.Mubadala Capital has brought one of its private markets investment funds onchain, making the asset management arm of Abu Dhabi's sovereign wealth fund one of the latest major financial firms to embrace tokenization.
The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its private markets strategies for qualified investors using infrastructure from KAIO, a UAE-based tokenization specialist.
The fund is available on Coinbase's Base network, Solana and Sui and has already attracted about $75 million in onchain assets, according to the companies.
Coinbase (COIN) is also taking exposure to the fund on its own balance sheet, an early example of a publicly traded crypto company investing in a tokenized private markets product. The companies didn't disclose the size of the investment.
The move adds Mubadala Capital, which administers over $430 billion in assets, to a growing list of major investment firms putting funds on blockchain rails. BlackRock, Franklin Templeton, Apollo, Fidelity, Janus Henderson and most recently Invesco have all launched or expanded tokenized fund offerings, mostly focused on U.S. Treasuries, money market funds and private credit.
Tokenization has become one of the fastest-growing corners of digital assets as traditional finance firms look to modernize fund infrastructure. Citi recently projected that tokenized securities could grow to roughly $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimate tokenized assets across all asset classes could reach $18.9 trillion by 2033.
Creating blockchain-based tokens of existing funds could help broaden access to a new set of investors and open the door for fund shares to be used as collateral or plugged into other onchain financial applications.
For this particular case, KAIO provides the infrastructure that issues and administers Mubadala Capital’s tokenized fund. The company said Mubadala joins firms including Hamilton Lane, Brevan Howard and Laser Digital that use its platform to distribute investment products onchain, and currently has $144 million in tokenized funds on its platform.
“This strategy was built on differentiated access — to deal flow, to co-investment, to a global network that most investors cannot reach on their own," Max Franzetti, head of Mubadala Capital Solutions, said in a statement. “Bringing it onchain extends that access to a new class of qualified investors without compromising the institutional discipline that defines how we invest.”
Brett Tejpaul, head of Coinbase Institutional, said that Coinbase adding the fund to its corporate balance sheet investment is a reflection of growing interest in regulated tokenized assets as treasury holdings. “As regulated assets become programmable, they can become part of a broader onchain economy that is more transparent, composable and accessible to qualified investors in eligible jurisdictions.”
The launch also fits into the UAE's broader ambition to become a hub for tokenized finance. Abu Dhabi and Dubai have emerged as some of the most active jurisdictions for digital assets, with regulators rolling out crypto frameworks while banks, sovereign-backed investors and financial firms increasingly experiment with tokenized funds, bonds and stablecoins.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
22 hours ago
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Solana has demonstrated resilience against both the U.S. dollar and Bitcoin, attracting attention from market analysts tracking two key bullish patterns developing on different timeframes. With support consolidating in the $74 to $76 region, technical observers believe Solana could target a move toward $94 if buying momentum continues to build.
SOL/BTC pair tests critical supportSolana’s performance against Bitcoin has become a focal point for traders seeking signs of relative strength. The SOL/BTC trading pair is currently positioned at a long-term support zone, a price area that once acted as resistance during 2021’s notable market cycle. This level has sparked speculation among analysts regarding a potential trend reversal.
CryptoCurb, a cryptocurrency market analyst, identified that the SOL/BTC pair may have established a price bottom. According to this view, the pair would need to maintain support around 0.0010 to 0.0012 BTC and break through its multiyear descending trendline. If SOL/BTC can reclaim 0.0015 BTC and then target 0.0020 BTC, it would signal an upward momentum shift in Solana’s favor.
CryptoCurb points out that holding key support near 0.0010 BTC, followed by a reclaim of higher levels, would provide evidence that Solana is regaining strength relative to Bitcoin.
Despite early bullish signals, the potential for a sustained rise remains speculative. A close below the critical support zone on the monthly chart would invalidate the bullish scenario and imply ongoing weakness compared to Bitcoin.
LevelSupport/ResistanceConfirmation0.0010–0.0012 BTCSupportHold signals potential bottom0.0015 BTCKey resistanceBreakout confirms momentum shift0.0020 BTCHigher resistanceFurther confirmation of reversal Mini dictionary: CryptoCurb is a pseudonymous market analyst known for technical analysis of major crypto assets, often focusing on trend reversals and support/resistance levels.
Short-term price setup remains bullishOn the shorter timeframe, Solana has managed to break out above a four-hour bull flag, a technical chart formation that suggests bullish continuation if confirmed. Analyst BATMAN highlighted that Solana has maintained its position above the 200-period exponential moving average (EMA), supporting a positive outlook for the immediate future.
The consolidation zone around $74 to $76, which includes the 200 EMA and the area where the previous breakout occurred, remains the primary support for Solana’s price. Maintaining this range could lead to new upward moves, with interim targets around $82 to $84 and a key resistance projection at the $94 level.
BATMAN emphasizes that as long as Solana retains support above its 200 EMA and key breakout zones, the bullish structure remains intact for a possible run toward $94.
However, the ongoing rally requires renewed buying activity. If Solana drops below the 200 EMA and loses support at $74, the bullish thesis may no longer hold, exposing the cryptocurrency to further downside toward $72 and $68.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Europe concentrates more than two-thirds of block production on Solana, according to data released by Glassnode on July 22, 2026. Frankfurt dominates this geography and shows latency significantly lower than that of the US East Coast. Does this operational lead indicate a lasting regional dependency?
In Brief Glassnode measured 67% of Solana blocks produced in Europe during the epoch observed on July 22, 2026. The dashboard showed 68.5% of leader slots in Europe on July 23, including 25.9% in Frankfurt. The announced average latency reached 72 milliseconds from Frankfurt, compared to 140 milliseconds from the US East Coast. Europe Takes the Lead in Solana Block Production The Solana validator map is evolving quickly. After the decline in the number of Solana validators observed in recent years, their geographical deployment now offers another perspective on the network’s structure. On July 22, 2026, Glassnode indicated that Europe produced 67% of the blocks during the ongoing epoch.
In its July 22 publication, the analytics firm specifies that Solana assigns block production to a new leader every 1.6 seconds. This rapid rotation gives particular operational weight to zones that group a large share of selected validators and the associated stake.
“Solana entrusts block production to a new leader every 1.6 seconds. During this epoch, 67% of blocks are produced in Europe,” Glassnode stated.
The snapshot has evolved slightly since this announcement. Accessed on July 23 at 8:46 am, the Glassnode dashboard attributed 68.5% of the 432,000 leader slots from epoch 1006 to Europe, approximately 296,000 slots. North America followed with 20.4%, ahead of Asia at 10.5%.
Germany held first place with 26.7% of the slots, just ahead of the Netherlands at 21.5%. On the city scale, Frankfurt accounted for 25.9% of the total, Amsterdam 21%, and London 12.4%. These figures measure the distribution of production slots, not simply the raw number of machines.
Frankfurt Widens the Gap on Network Latency Proximity to leaders reduces the time required to transmit data to the network. Glassnode noted an average latency of 72 milliseconds from Frankfurt, compared to about 140 milliseconds from the US East Coast in its July 22 survey. The gap thus reached 68 milliseconds.
This difference mainly matters for actors sensitive to execution speed. Market makers, infrastructure operators, decentralized platforms, and some traders seek to accelerate the propagation of their transactions. A location closer to leaders can then improve connection regularity and limit routing delays.
The article shared by Bitget points out that ordinary users should barely notice this difference in their routine operations. However, a few tens of milliseconds can weigh more when several actors try to interact with the same block or execute an automated strategy.
Glassnode’s monitor measures QUIC exchanges with about 760 voting validators on the main network. It also tracks leader rotation and compares several connection points, including Amsterdam, Frankfurt, London, Dublin, New York, Tokyo, and Singapore. The tool thus transforms validator geography into exploitable data to choose a server location or adjust RPC routing.
Regional Dominance Does Not Prove Centralization European concentration describes the current epoch, but it does not alone prove network takeover. On Solana, the leader schedule changes across epochs and depends notably on stake.
Geographical distribution can therefore vary without the ownership of validators or governance shifting to a single region. The nuance remains important. A 68.5% indicator reveals strong operational concentration at a given moment.
However, it does not allow identifying node owners, their economic independence, or the diversity of their hosting providers. These elements must be cross-referenced before drawing a conclusion about Solana’s decentralization.
The data nonetheless highlights the role of major European hubs. Frankfurt, Amsterdam, and London accounted for 59.3% of leader slots displayed by Glassnode on July 23. This concentration can guide operator deployment choices but also invites the ecosystem to monitor its persistence from epoch to epoch.
For developers and institutions, the main takeaway remains practical. An application’s performance depends not only on the protocol or fees but also on routing quality, distance from active validators, and the infrastructure’s capacity to adapt to leader relocation.
In short, Glassnode’s figures place Europe at the operational center of Solana for the observed epoch, with Frankfurt at the forefront. Future leader rotation, stake evolution, and geographical diversification will show if this advantage settles. At the same time, the rise of tokenized assets on Solana increases network reliability demands and puts infrastructure in the spotlight.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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.
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.
U.S. spot Solana ETFs recorded $5.83 million in net inflows on July 21, marking their highest daily inflows in 14 days. Bitwise’s Solana Staking ETF ($BSOL) accounted for all $5.83 million in net inflows during the session, while the other U.S. spot Solana ETFs recorded no net flows.
The latest figures extend a July recovery after Solana ETFs posted their first negative month in June. The funds recorded $786,580 in net outflows that month, ending their previous run of positive monthly flows.
July has reversed that trend so far. U.S. spot Solana ETFs have attracted $13.07 million in net inflows so far this month, bringing cumulative historical net inflows to $1.146 billion.
Grayscale Plans Regular Cash Payouts From SOL Staking Rewards Grayscale is also preparing to change how investors receive staking rewards from its Solana and Ethereum exchange-traded products. In Form 8-K filings with the U.S. Securities and Exchange Commission, Grayscale said it plans to amend the trust agreements governing the Grayscale Solana Staking ETF ($GSOL) and Grayscale Ethereum Staking ETF ($ETHE) around August 7.
Under the proposed framework, each trust would convert staking rewards into cash at least quarterly and distribute the net proceeds to shareholders. This structure would give traditional investors access to staking yield without requiring them to hold crypto directly, select validators, or manage staking operations.
Grayscale cautioned that payout amounts will vary based on staking rewards, network conditions, assets staked, and trust expenses. The trusts may also deduct certain costs, including portions of staking rewards paid to the sponsor for facilitating staking activities.
Grayscale enabled staking for its $ETH and $SOL products on October 6, 2025, becoming the first U.S. crypto fund issuer to add staking to spot crypto ETPs. It made its first $ETHE staking distribution on January 5, paying approximately $0.08 per share.
As of July 21, $GSOL reports gross staking rewards of 6.10%, compared with 2.69% for $ETHE. $GSOL currently holds $102.2 million in net assets, while ETHE held $1.22 billion.
Grayscale said the amendments aim to maintain compliance with IRS rules that allow the funds to earn staking rewards without losing their current tax treatment. It has given shareholders 20 days’ notice and plans to provide additional details after the changes take effect.
T. Rowe Price Adds $SOL to Active Multi-Token ETF Institutional access to Solana is also expanding beyond single-asset ETFs. T. Rowe Price, which manages $1.89 trillion in assets, launched the T. Rowe Price Active Crypto ETF ($TKNZ) on NYSE Arca on July 16. The firm describes $TKNZ as the industry’s first actively managed multi-token spot exchange-traded product.
The fund can invest across an eligible universe that includes Bitcoin, Ethereum, $BNB, $XRP, Solana, Hyperliquid, and other crypto assets. Unlike single-token or passively managed products, $TKNZ uses active management to adjust exposure around market trends, momentum, and rotations between crypto assets.
$TKNZ carries a 0.75% management fee after a fee waiver effective through May 31, 2027.The launch expands T. Rowe Price’s active exchange-traded lineup to 34 products and marks its first offering focused on digital assets.
As Solana and other networks deepen regulatory engagement and expand real-world asset infrastructure, their growing presence in regulated investment products could provide another route for institutional capital to gain exposure.
Read More on SolanaFloor Melee Markets Unveils New Spin on Prediction Markets Through Novel PMM Model
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Morgan Stanley is making headway in the crypto investment landscape. The financial giant has filed the final paperwork with the SEC for its Solana (MSOL) and Ethereum (MSSE) staking ETFs. This filing represents a pivotal step toward listing these products on the NYSE Arca, and it’s a sign Morgan Stanley is serious about capturing a slice of the burgeoning crypto market.
The details The road to these filings began in January 2026 when Morgan Stanley submitted initial registration statements for its spot Ethereum and Solana ETFs. Spot products, for the uninitiated, hold the actual underlying assets—in this case, Solana and Ethereum. This means investors can expect the ETFs to mimic the performance of these tokens more closely than many existing derivative-based products.
In June 2026, the firm made significant amendments to the ETFs. They introduced a competitive 0.14% annual unitary sponsor fee, the lowest in its category, making these ETFs highly attractive to fee-sensitive investors. What’s more, 95% of the staking rewards are pledged to be passed directly to shareholders. For those less familiar, staking rewards are earnings on locked cryptocurrencies that validate transactions on their respective blockchains.
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Then came the July 2026 filings. These solidified the operational groundwork by appointing Coinbase Prime and BNY Mellon as custodians, ensuring the safekeeping of assets. The paperwork reviewed throughout July shows Morgan Stanley poised to introduce these innovative staking ETFs to a broader market, aligning with final registration steps required for exchange trading.
Background We aren’t new to Morgan Stanley’s digital asset endeavors. The financial titan first delved into crypto with Bitcoin ETF offerings prior to this move. Expanding its repertoire to include Ethereum and Solana showcases not just growing confidence in crypto investments but also a strategic embrace of on-chain yield mechanisms.
The company has navigated multiple regulatory amendments over 2026, underscoring its dedication to meeting compliance and leveraging its stature to bring legitimacy to these digital assets. In a world where institutional investors often shy away from crypto due to regulatory uncertainties and volatility, Morgan Stanley seems to be pushing the envelope.
What this means for investors Morgan Stanley’s spot ETFs for Solana and Ethereum could mark a significant shift in the crypto market dynamics. They do more than just offer exposure to crypto price movements; they integrate on-chain rewards through staking. For institutional investors, this could serve as the gateway product that balances exposure with yield potential—delivering both capital appreciation and income.
Additionally, the low 0.14% fee could set new industry benchmarks, pressuring other firms to reassess their pricing models. Investors might see a domino effect here, with other financial giants adopting similar structures to keep up.
The possibility of adding staking yield to ETFs provides an attractive value proposition, especially for income-focused investors seeking yield in a low-interest-rate environment. These products, if successfully listed, could elevate the market capitalization of Solana and Ethereum by drawing in fresh capital, ultimately fostering a richer and more diverse digital asset ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Glassnode, a blockchain analytics company known for monitoring network performance, has reported a significant concentration of Solana validator activity in Europe during the current epoch. Data from the firm’s latency dashboard reveals that European nodes are responsible for 67% of the blocks produced in this period, with production notably centered around Frankfurt.
European validators dominate current Solana epochGlassnode’s latency dashboard tracks the geographic distribution and performance of Solana validators, highlighting that block leadership rotates rapidly, every 1.6 seconds. During this cycle, 67% of produced blocks are generated by validators located in Europe, especially in the Frankfurt area.
The analytics firm emphasized the importance of proximity to network leaders due to Solana’s fast-paced block production schedule. According to Glassnode, latency from Frankfurt averages 72 milliseconds, compared to approximately 140 milliseconds from the U.S. East Coast.
Solana, an open-source public blockchain focused on fast and inexpensive transactions, operates on a system where validators temporarily become the network’s leader. These validators propose new blocks in quick succession, which means network participants such as traders, decentralized application operators, and infrastructure providers often seek connections with the lowest possible latency. Optimizing latency is vital for transaction propagation and can be particularly valuable when network demand is high.
Mini dictionary: Solana epoch, a defined period in Solana’s blockchain timeline during which specific validator assignments are active. At the end of each epoch, roles may be reassigned based on the protocol’s rules and staking outcomes.
Solana’s rapid leader rotation every 1.6 seconds, paired with the current validator distribution, means that Frankfurt-based nodes deliver the lowest latency at 72 milliseconds, as reported by Glassnode.
RegionBlock Production ShareAverage Latency to LeaderEurope (Frankfurt)67%72 msU.S. East CoastNot specified140 msImplications of validator geography on network performanceSolana employs a proof-of-stake architecture, which is inherently different from proof-of-work models such as Bitcoin. In this system, validator geography can influence how quickly transactions are distributed and confirmed, as leader nodes temporarily control block production.
Despite the high proportion of block production from Europe in this epoch, Glassnode stated that temporary validator clustering does not demonstrate centralization of network ownership or control. Validator assignments shift with each epoch, leading to changing geographic patterns over time.
This flexible distribution ensures that the system’s governance and security remain protected while achieving high transaction throughput.
A temporary concentration of validators in a specific region reflects the current active validator schedule for the epoch and does not signal lasting centralization.
Benefits for developers and institutional usersThe current validator distribution is particularly relevant for organizations operating latency-sensitive applications, such as decentralized exchanges, infrastructure providers, and market makers. These participants rely on quick and reliable transaction execution, which is closely linked to network latency and validator proximity.
Retail participants may not notice significant differences in performance; however, optimal infrastructure helps maintain Solana’s standing as one of the fastest large-scale public blockchains available.
Glassnode’s dashboard enables developers to refine RPC routing and improve responsiveness, helping users and institutions gain more consistent network access without requiring protocol-level changes.
Growing focus on infrastructure monitoringGlassnode’s focus on latency and validator distribution demonstrates a growing industry trend toward operational transparency beyond token price movements. With more institutional users and decentralized applications entering the ecosystem, efficient infrastructure and up-to-date metrics around validator activity become crucial.
Currently, there are no regulatory updates or ETF announcements tied to Solana’s validator distribution. The data instead serves to inform market participants and operators about real-time network dynamics, supporting better strategic and infrastructure decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Governance in DeFi is only as credible as the rules behind it. Hey Anon, the AI-driven DeFi agent launchpad, spelled those rules out clearly on July 22, announcing the eligibility criteria that will determine who gets a say in its upcoming DAO vote scheduled for July 23, 2026.
The criteria are specific: ANON token holders qualify to vote if their tokens are staked on Sonic, Base, Ethereum, or Solana, or locked in Kava contracts. Silo deposits and liquidity provider positions on Solana are explicitly excluded from the count.
What qualifies and what does not Kava contracts are included in the eligible set, with one carve-out. Silo deposits on Kava do not qualify, drawing the same logic as LP exclusions.
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The ANON token has a total supply of 20.8 million, with vesting schedules that run through 2029. That relatively tight supply, combined with staking requirements for governance participation, means the pool of eligible voters is deliberately concentrated among long-term aligned holders.
Anon DAO’s governance arc This is not Hey Anon’s first DAO vote. The project ran its initial governance vote in January 2025, establishing the multi-chain framework that tomorrow’s vote builds on.
The project currently integrates with over 18 blockchain networks and 25 DeFi protocols. Developers working within the ecosystem have access to Automate, a TypeScript framework that facilitates protocol integration.
ANON is positioned as the primary governance token for Anon DAO, giving holders influence over platform development decisions and broader ecosystem resource allocation. The token also unlocks discounted access to services within the platform.
What this means for ANON holders The most immediate implication is behavioral. If you hold ANON in an LP position or in a Silo deposit, tomorrow’s vote does not include you.
What to watch after July 23 is whether the vote outcome shapes the next eligibility revision. With vesting schedules running to 2029, the composition of the eligible voter base will shift as more tokens unlock.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A Solana memecoin built around a man in a deadpan cat suit has gone from two weeks of near-silence to one of the more eye-catching single-day moves in the trench. $KET, traded via @ket_on_solana, surged roughly 700% in 24 hours on @Pumpfun, tagging a $14 million market cap high before cooling to around $8.4 million, approximately a third below the peak.
The Numbers Behind the Move The price action came with real activity on both sides of the order book. The session recorded 20,040 buys against 18,986 sells, with buy volume edging sells only marginally. That kind of balance matters in a space where one-sided tapes tend to collapse fast. The token's audit profile is cleaner than many comparable launches: 3,652 holders, the top 10 wallets controlling 31.6% of supply, and the @ket_on_solana developer wallet sitting at zero, a detail that removes one of the more common red flags traders watch for in early-stage Solana tokens.
$KET has also cleared a meaningful structural milestone by graduating to PumpSwap. PumpSwap is a Solana AMM designed to complete the Pump.fun token lifecycle by moving assets from bonding curve trading into post-graduation liquidity pools. At graduation, the liquidity from the bonding curve gets locked into a PumpSwap pool, with LP tokens burned, meaning that specific liquidity can never be pulled, which prevents rug pulls on the migration liquidity. For a token still finding its footing, that structural lock matters.
Context and Risk The broader backdrop is worth keeping in mind. Pump.fun is a no-code Solana platform that lets anyone launch memecoins easily, making token creation fast, low-cost, and accessible to first-time users. That accessibility cuts both ways. Most memecoin buyers lose money, and the data is not close. Research firm Solidus Labs examined Pump.fun tokens launched before April 2025 that had at least five trades, and found 98.6% collapsed below $1,000 in remaining liquidity, the signature of a pump-and-dump that left late buyers holding nothing.
The $KET pitch has not changed with the price. It remains a man in a deadpan cat suit telling you not to be one. Whether the community behind that concept has the durability to hold attention beyond a single session is the only question that will matter from here. NFA.
Sources:
PumpSwap Review 2026: Pump.fun's Solana AMM, Bonding Curve Graduation, and Trader Risk (CryptoAdventure)
Solana Memecoins and Pump.fun Explained: Launches, Graduations, and the Real Odds (BloFin Academy)
Pump.fun Graduation Explained: How It Works (Sol Token Creator)
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.
Sandy Kaul, @FTDA_US head of digital assets and innovation at Franklin Templeton, argues that autonomous AI agents represent a structural shift in how economic activity flows, and that legacy payment infrastructure is not built to keep up.
Why Traditional Payment Rails Fall Short The core problem is one of economics. Standard card networks charge roughly 2% to 3% plus a flat fee per payment, making tiny machine-to-machine transactions commercially unviable. Card networks also settle in one to three business days, a timeline that is simply incompatible with software agents transacting in seconds at near-zero cost. Legacy payment rails with high fees and slow settlement times do not work for micropayments. AI agents also face a more fundamental barrier: they cannot open bank accounts or access financial services that carry strict KYC requirements.
Kaul's argument is that blockchain networks fill that gap directly. Blockchains can settle sub-cent transactions in seconds and automatically record them, making them the natural infrastructure for an agent-driven economy. She singles out @solana, @Aptos, and @BNBCHAIN as networks already suited to that role. Those networks settle transactions in seconds, faster than the one-to-three business-day settlement time of the Visa network.
Early Data Confirms the Pattern The activity is already showing up in on-chain data. The x402 protocol, incubated by Coinbase and Cloudflare and now stewarded by the Linux Foundation, has processed roughly $15 million in adjusted volume across 109.6 million transactions since its May 2025 launch. On x402, the average payment is a fraction of a cent, and a fixed card fee on a transaction that small would cost far more than the payment itself.
A joint report from Visa and Artemis, titled "Agentic Payments from the Ground Up," frames the moment as an inflection point. The report found that AI agents are initiating a foundational change in commerce, but current infrastructure gaps are limiting mainstream adoption. The volume figures are still modest by any macro standard, but the transaction frequency tells a different story. Tiny money, enormous frequency.
For investors, Kaul's broader point is a strategic one. Estimates suggest agentic commerce could reach $3 to $5 trillion by 2030, and the playbook of buying shares in AI-aligned companies may not capture that opportunity the same way exposure to the underlying blockchain rails could.
Sources:
Franklin Templeton: Agentic AI, The Killer Use Case for Blockchain and Crypto
Visa and Artemis: Agentic Payments from the Ground Up
CoinTelegraph: Agentic AI is Next Killer Use Case for Blockchain, Franklin Templeton
Flash Trade, a decentralized perpetual trading platform operating on the Solana network, experienced an exploit resulting in the unauthorized withdrawal of $98,000 in USDC. The incident took place on July 22 at 00:21 SGT and was linked to a validation flaw in the MagicBlock software development kit (SDK) used by the platform.
MagicBlock SDK flaw triggers unauthorized withdrawalThe exploit was traced to a vulnerability within the #[ephemeral] Anchor macro in the MagicBlock SDK, which handles callback processes for integrator smart contracts during undelegation requests. The flaw allowed an attacker to bypass undelegation checks by submitting a fabricated account designed to mimic a genuine user deposit.
Within a single transaction, the attacker’s account was used as the buffer for a sibling undelegation instruction. While the system correctly verified that the buffer was a signer owned by the delegation program, it failed to check that the buffer’s seeds matched the correct program-derived address. This oversight provided an opening for the exploit and resulted in the unauthorized withdrawal.
MagicBlock responded by reviewing other integrations that used the affected macro and notifying impacted projects. A patched version of the SDK, 0.16.2, now addresses the missing validation and is being recommended for immediate adoption by all integrators.
Mini dictionary: MagicBlock is a blockchain infrastructure company specializing in software tools and SDKs that enable fast and secure smart contract integration on Solana and other networks.
On July 22 at 00:21 SGT, Flash experienced an attack that resulted in a 98,000 USDC withdrawal from the platform. Flash’s batching and monitoring systems surfaced the activity immediately, and the team paused deposits and withdrawals within minutes.
According to statements from MagicBlock, the company has already worked with affected ecosystem participants to prevent similar incidents and is encouraging early upgrades to the patched SDK version.
Flash Trade reported that its new monitoring and batching systems flagged the unauthorized withdrawal within minutes, allowing the team to react quickly. All trading, deposits, and withdrawals were immediately paused as a precaution while the incident was investigated in coordination with MagicBlock.
Normal trading functions resumed within a few hours, but deposits and withdrawals remained offline for approximately 24 hours during a reconciliation process aimed at confirming all platform balances and ensuring user fund integrity. The team emphasized that this suspension was intentional to guarantee a full and accurate reconciliation.
Flash Trade and MagicBlock have jointly contributed to a reimbursement fund covering the entire affected amount, ensuring that users bear no losses resulting from the exploit.
Both Flash Trade and MagicBlock affirmed that they would fully cover the unauthorized withdrawals, guaranteeing that no user funds would be lost. The prompt response and full reimbursement have drawn praise from the broader Solana community.
Industry reaction and security recommendationsArmani Ferrante, CEO of Backpack, an established digital asset wallet provider, commented publicly on the incident. Ferrante identified the exploit as an example of system design weaknesses in margin trading platforms, suggesting the need for a structural overhaul. He recommended implementing an isolated, formally verified custody contract combined with a 24-hour withdrawal timelock to provide platforms with more time to halt suspicious transactions in the event of a compromise.
Such mechanisms, Ferrante argued, would help contain damage from attacks affecting oracle systems, wallet compromises, and margin manipulation. He recognized Flash Trade’s rapid response, noting the importance of proactive security measures in reducing potential losses.
MagicBlock, following the incident, has pledged ongoing collaboration with blockchain integrators, auditors, and independent security researchers to improve the resilience of their SDK offerings and support the wider ecosystem in mitigating such vulnerabilities moving forward.
PlatformExploit DateAsset AffectedAmount LostUser Funds Covered?Flash TradeJuly 22, 2026USDC$98,000Yes (fully covered)Wanchain Cardano BridgePrevious monthsNIGHT515 millionN/ADisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Jimothy Reaches Record Price After Week-Long RallyJimothy, a Solana-based memecoin, climbed another 30% on July 22, reaching a new all-time high of $0.026. The token has now surged roughly 970% over the past seven days, extending one of the more remarkable short-term runs in the Solana memecoin market.
The token's origin follows a now-familiar pattern on the network. Jimothy is a raccoon living in Seattle's Ballard neighborhood, filmed by local resident Kiana Hall near a Goodwill store. Once the raccoon clips spread, anonymous developers moved quickly to list a token named after it. The token launched on Pump.fun, a Solana-based meme-coin issuance platform, as interest in the original meme spread. Pump.fun's official account then reposted the token on X, pushing it in front of an even larger trading audience.
Warner Bros. Amplifies the MomentThe rally received a notable boost from an unexpected corner. Warner Bros. Games posted on social media: "URGENT UPDATE: Jimothy has reached Gotham City," a nod to the raccoon's crossover into gaming culture. Warner Bros. Games noted that Jimothy had found its way into LEGO Batman's Gotham City. The post added mainstream visibility to a token that had until then been driven largely by organic crypto-community activity.
The broader gaming world has also taken notice. Among Us posted a tribute to Jimothy featuring a Crewmate and the raccoon, while Dead by Daylight and The Sims also shared their own versions of the character. Video game mods featuring Jimothy have begun appearing as well, broadening the cultural footprint beyond social media.
Despite the momentum, analysts urge caution. Analysts tracking Pumpfun note that most tokens launched on the platform lose the bulk of their value within days of debuting. Like most Pump.fun launches, the token has no whitepaper and no official connection to the raccoon or the city, and its price moves on attention alone.
Sources:
BeInCrypto: Jimothy The Raccoon Solana Token Climbs After Viral Meme Fame
CryptoNews: What Is Jimothy Memecoin?
GosuGamers: Viral Raccoon Jimothy Goes Viral in Gaming
U.S. Solana exchange-traded funds (ETFs) saw significant investor interest with $5.83 million in net inflows recorded on July 21, marking the highest daily inflow in two weeks. This surge was concentrated entirely in the Bitwise BSOL fund, highlighting the fund’s appeal among participants despite a broader trend of smaller or stagnant inflows. The overall assets under management (AUM) for all U.S. Solana ETFs stand at approximately $912.73 million, with cumulative net flows reaching $1.16 billion. This development comes after a period of subdued activity in the Solana ETF market, potentially indicating renewed confidence among market participants.
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Key Takeaways The $5.83 million net inflow into Solana ETFs appears to suggest a renewed interest in the Solana market, driven primarily by the BSOL fund. This inflow marks the largest daily increase in 14 days, indicating a potential shift in participant sentiment. The total AUM of U.S. Solana ETFs remains robust, reflecting consistent engagement despite previous flat inflow periods. What to Watch Market participants will be closely monitoring whether this inflow pattern continues, as sustained interest could impact Solana’s price trajectory. Key factors to watch include further ETF inflow data, potential regulatory developments, and innovations within the Solana ecosystem that could drive demand. Observers will also be attentive to any announcements from key figures like Anatoly Yakovenko or developments related to Solana-based financial products approved by regulatory bodies. These elements could be consistent with scenarios where Solana’s price increases, potentially reaching or surpassing the $90 mark in July.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 7.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.6% — — View market → August 1 2026 0.4% — — View market → August 1 2026 1.6% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 22% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Companies can execute USDC and USDT transactions around the clock via Ramp’s platform.
Ramp eliminates the need for standalone wallets in corporate stablecoin payment processes.
Solana network enables Ramp to facilitate rapid international stablecoin settlements.
Ramp extends integrated stablecoin payment capabilities to over 140 nations.
Ramp has unveiled a new corporate payment solution featuring Solana-integrated stablecoin accounts designed for organizations conducting international business. This offering enables companies to store, transfer, and receive USDC and USDT without requiring independent cryptocurrency infrastructure. By embedding stablecoin functionality directly into corporate financial operations, Ramp facilitates continuous cross-border payment processing.
Ramp Embeds Stablecoin Functionality Into Corporate Financial Systems Ramp unveiled Stablecoin Accounts that enable organizations to maintain USDC and USDT holdings directly within its corporate finance platform. These accounts function in parallel with conventional cash reserves through a unified interface and authorization framework. Financial departments can oversee both traditional currency and blockchain-based transfers without altering current operational procedures.
STABLECOINS ARE NOW ON RAMP.
Your business operates 24/7, but your money only operates Mon-Fri, unavailable on evenings, weekends, & holidays.
Now you can pay vendors faster across borders & move money in USDC or USDT with the approvals & accounting workflows you already use.… pic.twitter.com/3LWphYZRmd
— Ramp (@tryramp) July 21, 2026
The solution eliminates requirements for independent cryptocurrency wallets, exchange platforms, or manual reconciliation tasks. Organizations can initiate transactions using stablecoin reserves, Ramp Checking accounts, or connected banking relationships. The platform automatically logs each transaction within integrated accounting systems utilizing established compliance documentation.
This rollout addresses increasing corporate requirements for expedited international payment mechanisms. Throughout the public testing phase, over 150 organizations implemented these accounts spanning various sectors. Participating entities included companies beyond the cryptocurrency industry, demonstrating widespread corporate appetite for stablecoin-powered payment technology.
Solana Network Enables Accelerated International Stablecoin Transactions Ramp constructed this payment capability on infrastructure accommodating stablecoin deposits through seven blockchain protocols, with Solana among them. This blockchain delivers rapid transaction processing and reduced network fees for digital currency movements. Organizations can therefore finalize international settlements independent of conventional banking timeframes.
Businesses can transmit USDC or USDT directly to suppliers and independent contractors across more than 140 nations. They additionally possess the ability to exchange stablecoin payments into traditional currencies within over 40 regional markets. Organizations no longer face delays associated with banking hours when executing international transfers.
The system also permits companies to compensate suppliers using stablecoins without maintaining digital asset holdings. Ramp transforms funds from connected U.S. dollar accounts into USDC or USDT prior to transaction completion. Organizations obtain blockchain payment capabilities while maintaining operations through established banking relationships.
Ramp Broadens Stablecoin Offerings Amid Rising Corporate Implementation Ramp announced that organizations can accumulate rewards reaching 3.25% on qualifying stablecoin holdings maintained within Stablecoin Accounts. The firm characterized these holdings as digital dollar equivalents supported by cash reserves for transaction processing and treasury operations. It framed the accounts as payment mechanisms rather than speculative instruments.
Over 1,000 organizations currently utilize stablecoins via Ramp for compensating suppliers internationally. The company reports that more than 70% of these transaction volumes take place beyond standard banking hours. This activity underscores growing corporate demand for payment infrastructure functioning outside traditional financial operating windows.
This service expansion represents broader sector initiatives to incorporate stablecoins into conventional corporate finance operations. Ramp constructed the platform using infrastructure supplied by Stripe via Bridge and Privy. As stablecoin utilization increases, Ramp seeks to streamline international transaction processing while minimizing operational complexity for financial teams.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Solana has solidified its position as the leading blockchain for decentralized exchange (DEX) activity, outpacing not only other blockchains but also some established centralized exchanges. Recent spikes in both DEX volumes and user participation have been driven by active trading on platforms like Meteora and PumpSwap.
Currently, Solana accounts for approximately 20% of all spot DEX trading volume. While activity is still below the levels seen during the 2021 bull market surge, the network maintains a steady baseline and continues to attract new interest.
Solana DEXs have now surpassed the likes of Bybit, as the top five chains engage in fierce competition to secure higher token volumes—including the growing segment of tokenized security trading.
An important factor behind Solana’s steady growth is the sustained influx of stablecoins from both major and smaller issuers. Over the past day, $300 million in new USDC liquidity has been injected into the network, enhancing liquidity and trading activity.
Chain/ExchangeWeekly DEX Spot VolumeSolana$10.29 billionEthereum$6.7 billionBNB Chain$5.8 billionNYSE American$6 billionThe combination of increased meme token offerings and a push into tokenized securities continues to set Solana apart from competing chains.
MetaMask, a widely used multi-chain crypto wallet, has introduced a new incentive for users engaging in swaps on Solana. The wallet will now pay gas fees for all swaps greater than $200, lowering the barrier for retail traders who may not hold SOL tokens.
“SOL-less? we gotchu covered. MetaMask will now pay the gas fee for you on Solana swaps over $200,” MetaMask stated in its latest announcement.
This update comes as retail participation on Solana remains strong, with failed transaction rates hovering around 23%. Retail-friendly tools like Jupiter’s routing services and swap solutions integrated in the Phantom wallet are further facilitating user access to spot trading.
Solana currently offers predictable and competitive average DEX trading fees at $0.19, making it more appealing for newcomers, especially when compared to established networks such as Ethereum and BNB Chain.
Solana overtakes traditional exchange volumesWhile the overall activity on Solana remains lower than traditional fiat-based markets, its presence is increasingly significant in the digital asset space. Solana’s weekly spot DEX volumes have consistently surpassed those of the NYSE American in 2026 to date, with decentralized trading on Solana reaching $10.29 billion last week.
The ongoing increase in trading is largely fueled by PumpSwap tokens and the fast-expanding market for tokenized equities.
Tokenized assets on Solana have risen to $5.77 billion in the second quarter of 2026, marking a 114% increase compared to the previous quarter. Tokenized equities make up 84% of these real-world assets, extending their growth streak to six consecutive quarters.
For the first time, tokenized asset trading has overtaken meme tokens as the primary use case for Solana as of June 23. This shift points towards Solana’s growing appeal among institutional traders and large holders seeking robust settlement layers.
These tokenized equities are also adding significant value to the lending sector on Solana, with a weekly collateral record of $51.9 million—$31 million on Kamino and $20 million on Jupiter’s lending platform.
Mini dictionary: MetaMask is a non-custodial crypto wallet widely used for managing assets and executing swaps across multiple blockchains, including Ethereum and now Solana.
Compared to competitor chains, Solana has become more accessible to newcomers, combining fast transaction speeds with low, predictable fees and a vibrant mix of retail and institutional activity.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Uranium spot prices have settled into a comfortable range around $85 per pound, and long-term contract prices for U3O8 are sitting at $90 per pound, a level not seen since 2008, according to Cameco data.
Data center electricity demand is expected to more than double by the end of the decade. Nuclear power offers consistent baseload generation for hyperscale computing facilities that need 99.999% uptime. Major tech companies have started signing nuclear power purchase agreements. On the supply side, new uranium mining projects take years to bring online, and even if every planned mine broke ground tomorrow, production wouldn’t catch up with demand anytime soon.
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Bitcoin miners pivot to AI, nuclear enters the conversation Several companies that built their businesses around Bitcoin mining are now repurposing their infrastructure for AI and high-performance computing data centers. Applied Digital, Cipher Mining, and Hut 8 have all made moves in this direction.
Then there’s Uranium Digital, a project that plans to tokenize uranium trading on the Solana blockchain. The platform aims to be fully operational by early 2026 and has attracted backing from prominent family offices and investors. No major crypto-native tokens currently offer direct uranium exposure.
What investors should watch More than 85% of surveyed investors believe 2026 will be a pivotal year for uranium pricing. Analyst forecasts suggest prices could reach $100 to $120 per pound if AI-driven demand maintains its current trajectory, representing a potential 18% to 41% upside from current spot levels. Uranium spent most of the 2010s trading below $30 per pound following the post-Fukushima depression.
Tokenized commodity platforms like Uranium Digital represent a potential expansion of blockchain utility into markets that genuinely need better trading infrastructure. The spot uranium market is thin, bilaterally negotiated, and difficult for smaller participants to access.
The near-term catalyst to watch is whether long-term uranium contract prices break above $90 per pound and hold, which would confirm the market has moved past the post-Fukushima hangover and into a new structural regime.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
S&P Dow Jones and Pantera Capital have launched a new index featuring 18 altcoins, including Ethereum, BNB, Solana, and TRX.
Although the cryptocurrency market has been on a downward trend since October 2025, its adoption continues to increase rapidly.
At this point, the latest move came from S&P Dow Jones and Pantera Capital. Accordingly, S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, consisting of 18 assets designed to offer institutional investors a more structured way to evaluate cryptocurrencies.
Unlike existing crypto indexes that select tokens based on price momentum or market popularity, the new index uses a rule-based methodology similar to traditional finance metrics. It includes projects and tokens with real-world use cases and revenue generation.
Accordingly, for an asset to be included in the list, it must have a market capitalization of at least $500 million, and newly added assets must have a liquidity ratio above a certain level. Projects are ranked according to their revenues in the last two quarters, and their place in the index is determined accordingly. This system ensures that projects that do not generate economic value are eliminated.
The index currently consists of 18 digital assets, and the full list of altcoins included has not been disclosed. However, the identified assets include Ethereum, BNB, Solana (SOL), Tron (TRX), and Hyperliquid (HYPE).
*This is not investment advice.
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Every transaction on a public blockchain is permanently recorded and visible to anyone in the world. But raw blockchain data — stored as cryptographic hashes across thousands of nodes — is unreadable without a tool that translates it into something a human can actually interpret. That tool is a blockchain explorer.
If you’ve ever pasted a Bitcoin transaction ID into a search bar and watched a page populate with sender addresses, recipient addresses, amounts, confirmations, and timestamps — you’ve used a blockchain explorer. It’s the closest thing the crypto ecosystem has to a public ledger with a search interface, and understanding what it shows you is foundational to working with any blockchain seriously.
What Is a Blockchain Explorer? A blockchain explorer is a web-based application that indexes all publicly available data on a given blockchain and presents it in a searchable, human-readable format. Think of it as a search engine specifically built for blockchain data — except unlike Google, which decides what to index and what to surface, a blockchain explorer surfaces everything, because every transaction on a public blockchain is accessible to anyone.
The explorer connects to a blockchain node (or a network of nodes), continuously receives new blocks as they’re confirmed, parses the data in each block, and stores it in a structured database that users can query. The result is a real-time, fully auditable window into every transfer, every wallet balance, every smart contract interaction, and every block that has ever been added to the chain.
Different blockchains have their own explorers because the underlying data structures differ. Bitcoin’s UTXO model records transactions differently from Ethereum’s account-based model, which records activity differently from a Layer-2 network like Arbitrum. The most widely used explorers include:
Etherscan — the dominant Ethereum explorer, also the model for dozens of EVM-compatible chain explorers Blockchain.com Explorer — one of the oldest Bitcoin explorers, covering BTC, ETH, and BCH Mempool.space — a clean, open-source Bitcoin mempool and block explorer widely used by technical users Solscan — the primary explorer for the Solana ecosystem Each provides the same core function — making blockchain data searchable — but their interfaces, data depth, and additional features differ significantly. For live activity on the two largest networks, see Bitcoin News Today and Ethereum News Today.
What Information Does a Blockchain Explorer Show? The information available through a blockchain explorer falls into several categories. Understanding each one tells you what you can actually verify.
Transaction Data The most common use case. When you paste a transaction hash (also called a transaction ID or TXID) into an explorer, you get:
Status — confirmed, pending, or failed Block number — which block the transaction was included in Timestamp — when the block containing your transaction was mined or validated From address — the wallet that initiated the transaction To address — the receiving wallet or smart contract Value — the amount transferred Gas fee / transaction fee — what was paid to the network validators or miners to process it Input data — for smart contract interactions, the encoded function call and parameters On Ethereum, a “failed” transaction still shows up in the explorer and still costs gas, because the network processed the attempt even if it didn’t succeed. This is a common source of confusion for new users — seeing a failed transaction consuming fees is counterintuitive until you understand that execution costs are charged regardless of outcome.
Wallet and Address Data Entering any wallet address into a blockchain explorer shows you:
Current balance — across native tokens and, on explorers like Etherscan, ERC-20 tokens held at that address Complete transaction history — every inbound and outbound transaction, in chronological order Token holdings — for Ethereum addresses, a list of all ERC-20 tokens and NFTs associated with the address First and last activity — when the address first appeared on-chain and its most recent transaction One thing beginners often find surprising: blockchain explorers reveal this information for every wallet address, including those belonging to large institutions, exchange cold wallets, and smart contracts — whether that wallet is a software wallet like Trust Wallet or a hardware wallet like the Ledger Nano X. There is no privacy at the address level on a public blockchain. The pseudonymity comes from the separation between a wallet address and a real-world identity — but once an address is linked to a person (through an exchange deposit, a public disclosure, or chain analysis), all historical activity becomes visible.
Block Data Each block on a blockchain contains a batch of transactions. Clicking on a specific block in an explorer shows:
Block height — the sequential number of the block in the chain Block hash — the unique cryptographic identifier for that block Previous block hash — the hash of the block immediately before it, which is what creates the “chain” structure Miner / validator — the address that produced the block and received the block reward Transactions count — how many transactions are included Block size — in bytes, relevant for network capacity analysis Gas used / gas limit (Ethereum) — actual consumption versus maximum allowed Timestamp — exactly when the block was added Difficulty / total difficulty (for proof-of-work chains) Blocks are the fundamental unit of the blockchain. Every transaction you’ve ever made is stored inside one of these blocks, linked backward to the genesis block through an unbroken chain of cryptographic hashes. The explorer makes that structure navigable.
Smart Contract Data For Ethereum and other smart contract platforms, blockchain explorers provide a layer of transparency over contract code and activity:
Contract source code — if the developer verified and published the code, you can read the exact logic defining how the contract works ABI (Application Binary Interface) — the technical specification for how to interact with the contract Read functions — query the contract’s current state (token balances, pool reserves, ownership) Write functions — interact directly with verified contracts through the explorer’s interface Events and logs — a record of every event the contract emitted, which is how DeFi protocols record swaps, liquidity additions, liquidations, and governance votes Contract verification is voluntary — developers choose to publish their source code for public audit. Unverified contracts show only bytecode, which is machine-readable but not human-readable. A contract that isn’t verified isn’t necessarily malicious, but it is a legitimate reason for caution.
The Mempool: What Happens Before Confirmation Most blockchain explorers include a view of the mempool — the pool of unconfirmed transactions that have been broadcast to the network but not yet included in a block. This is where transactions live between the moment you submit them and the moment a validator or miner includes them in a block.
The mempool is dynamic. During periods of high network activity — a popular NFT mint, a major market move, or a large airdrop — thousands of transactions compete simultaneously for limited block space. Transactions with higher fees attached move to the front of the queue; transactions with lower fees wait, sometimes for hours.
Understanding the mempool helps users make informed decisions about fee settings. Before sending a time-sensitive transaction, checking the current mempool state on an explorer tells you what fee level is required for inclusion in the next block versus a longer wait. This is why tools like Mempool.space, which specializes in Bitcoin mempool visualization, have become popular with experienced Bitcoin users.
How to Use a Blockchain Explorer: Step by Step Using a blockchain explorer requires no account, no login, and no software. It’s a website.
Step 1: Choose the right explorer for your blockchain. Etherscan is for Ethereum mainnet. If you’re looking up a transaction on Polygon, use Polygonscan. For Solana, use Solscan. Using the wrong explorer for your network will return no results — your transaction exists on a different chain’s database.
Step 2: Get your transaction hash, wallet address, or block number. Your crypto wallet app shows transaction hashes in the transaction details view. An exchange withdrawal confirmation email typically includes one. A wallet address is the alphanumeric string you share with others to receive funds.
Step 3: Paste it into the search bar. The explorer identifies what type of data you entered (address, transaction hash, or block number) and routes you to the appropriate view automatically.
Step 4: Read the results. For a transaction, the most important fields are status (confirmed/pending/failed), the number of confirmations, and the timestamp. For an address, the balance and recent transaction history are the most relevant views. For a smart contract, the “Contract” tab shows whether the source code has been verified.
Step 5: Verify what you need to verify. Most explorer use cases involve confirming that a transaction occurred, checking a wallet’s balance before sending, or verifying that a smart contract does what its developers claimed.
Why Blockchain Explorers Matter Beyond Basic Verification The immediate utility of blockchain explorers — confirming that your transaction went through — is obvious. The deeper value is less obvious but more significant.
On-chain transparency as accountability. Every protocol that claims to hold funds in a smart contract can be verified. Every exchange that claims to maintain reserves can be audited against its published wallet addresses. Every token contract that claims a fixed supply can be confirmed against the total minted. The “don’t trust, verify” principle of crypto culture is operationally meaningless without the tools to actually verify — and blockchain explorers are those tools.
Market intelligence. Large wallet movements, exchange inflows and outflows, whale accumulation patterns, and smart contract interactions are all visible on-chain before they appear in price charts. On-chain analysts who monitor these signals have developed an entire discipline around reading blockchain data for market signals.
Due diligence on projects. Before interacting with a new DeFi protocol or buying a new token, checking the contract address on an explorer tells you whether the code is verified, how long the contract has been active, how many users have interacted with it, and whether the deployer address has a suspicious history. It’s not foolproof, but it’s a meaningful filter.
Troubleshooting. When a transaction is stuck, the explorer tells you exactly why — whether it’s still in the mempool waiting for higher-fee transactions to clear, whether it failed due to insufficient gas, or whether it was replaced by a later transaction with a higher fee (a process called RBF, or Replace-By-Fee, on Bitcoin).
For context on how blockchain transparency connects to real-world financial applications including institutional crypto infrastructure, blockchainreporter’s latest blockchain and crypto news coverage tracks how these fundamentals are being applied across DeFi, payments, and enterprise adoption.
Limitations of Blockchain Explorers Blockchain explorers show everything that’s on-chain. They don’t show what isn’t.
Off-chain activity is invisible. Transactions processed on centralized exchanges (a trade on Coinbase, a transfer between accounts on Binance) don’t appear on blockchain explorers unless they involve an on-chain withdrawal or deposit. The internal ledger of a centralized exchange is not a blockchain.
Layer-2 activity requires Layer-2 explorers. Transactions on Lightning Network channels, Optimism, Arbitrum, or other Layer-2 networks have their own data structures and require their own explorers. Settlement of Layer-2 batches back to the base layer is visible on the L1 explorer, but individual L2 transactions are not.
Privacy coins by design. Monero and Zcash use cryptographic techniques (ring signatures and zk-SNARKs respectively) to obscure sender, receiver, and amount information. Their blockchain explorers exist but show substantially less information than Bitcoin or Ethereum explorers — see Zcash News Today for more on how Zcash’s shielded transactions work.
Address labels are incomplete. Explorers can tell you what happened on-chain but usually can’t tell you who owns an address without supplementary data. Some explorers (Etherscan in particular) allow the community to tag known addresses — exchange hot wallets, protocol treasuries, identified hackers — but most addresses remain unlabeled.
Popular Blockchain Explorers by Network NetworkExplorerKey FeatureBitcoinMempool.spaceBest mempool visualizationBitcoinBlockchain.com ExplorerLong-established, multi-chainEthereumEtherscanIndustry standard, contract verificationSolanaSolscanSPL token and NFT supportPolygonPolygonscanEVM-compatible, Etherscan-basedBNB ChainBscScanEVM-compatible, Etherscan-basedBitcoin testnetMempool.space/testnetDevelopment testing The EVM-compatible explorers (Polygonscan, BscScan, and dozens of others) are all built on the same Etherscan codebase, which is why their interfaces look nearly identical. Etherscan provides the infrastructure as a service to other chains — a practical example of how blockchain tooling has become modular.
This article is for informational and educational purposes only.
Frequently Asked Questions What is a blockchain explorer? A web application that indexes all data on a public blockchain — transactions, wallet addresses, blocks, and smart contracts — and presents it in a searchable, human-readable format. It functions like a search engine built specifically for on-chain data.
What can I find on a blockchain explorer? Transaction status and history, wallet balances and activity, block data, smart contract source code and interactions, and token holdings. Most explorers also show a live mempool view of unconfirmed transactions waiting to be included in the next block.
Do I need an account to use a blockchain explorer? No. Blockchain explorers are publicly accessible websites requiring no login, registration, or payment for standard browsing. Some offer optional paid API tiers for developers who need automated, high-volume access to the data.
Is every blockchain transaction visible on an explorer? Yes, for public blockchains. Privacy coins like Monero and Zcash are an exception, using cryptographic techniques to obscure transaction details. Off-chain activity, such as trades within a centralized exchange's internal ledger, also won't appear on a blockchain explorer.
What is a transaction hash? A unique alphanumeric identifier for a specific blockchain transaction, generated when the transaction is broadcast to the network. Pasting it into an explorer retrieves all details about that transaction.
Which blockchain explorer should I use? Use Etherscan for Ethereum, Mempool.space for Bitcoin, and the chain-specific explorer for any other network (Solscan for Solana, Polygonscan for Polygon, etc.).
Can I see who owns a wallet address? No. Blockchain explorers show transaction history and balances for any address but cannot identify the real-world owner unless the address has been voluntarily linked to an identity or labeled through community tagging.
Is blockchain down if an explorer isn't loading? Not necessarily. An explorer outage means the indexing service itself is temporarily unavailable, not that the underlying blockchain has stopped running. The network can continue confirming transactions normally even if a specific explorer's website is briefly slow or inaccessible — trying a different explorer for the same network will confirm this.
A digital collectible car platform just pulled off one of the more eye-catching fundraises on Solana this year. Rip Cars, which bills itself as the world’s first Hot Wheels-inspired gacha platform on the blockchain, attracted $20.9M in commitments through its ICO on MetaDAOProject, a Solana-native launchpad that governs fundraising through decision markets rather than the usual token-holder voting.
To put the oversubscription in perspective: the project set a minimum raise target of $250K. It closed with commitments of $20.9M. That is not a rounding error.
What MetaDAO actually does differently The platform uses a governance model built on futarchy, which is a fancy word for decision markets. In English: instead of token holders voting on proposals with their wallets, the system uses prediction-market-style mechanisms to determine which proposals are likely to produce good outcomes. Governance follows the market signal rather than a popularity contest.
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MetaDAO also structures its raises around what it calls “ownership coins,” where early investors acquire genuine stakes in projects through a transparent and refundable process. The goal is to legally connect token ownership with actual business outcomes, not just speculative upside.
The platform completed a $2.2M private funding round in August 2024 and has now executed 14 launches in total. Cumulative fundraising across those projects has surpassed $44M, with the Rip Cars ICO representing a substantial portion of that total.
Gacha mechanics meet blockchain collectibles Rip Cars is essentially betting that two things with proven mass-market appeal, randomized collectible mechanics and die-cast car nostalgia, translate well to a blockchain-native format.
Gacha is a collectible model borrowed from Japanese vending machines and popularized by mobile games like Pokémon GO and countless others. You pay a set amount, you receive a randomized item. Sometimes it is common, sometimes it is rare, and the uncertainty is precisely the point.
The fundraising event launched around July 20, 2026, with a live period running approximately three days at a fully diluted valuation of $645K.
What this means for investors and the Solana ecosystem The $20.9M commitment figure deserves some scrutiny before drawing sweeping conclusions. Commitments are not the same as capital settled. Refundable raise structures, which MetaDAO uses, mean that not every dollar committed necessarily converts to a completed investment.
The Rip Cars raise also tests an interesting allocation mechanism. MetaDAO is experimenting with something called an Ownership Score for determining how allocations are distributed among participants.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana is maintaining its position above a critical support level, as the blockchain platform resists further downside pressure. Market analysts indicate that a sustained move above $98 could open the door to higher targets, possibly reaching $120 and beyond in the coming months.
Analysts highlight key price levelsAfter briefly dipping below its established trading range, Solana bounced back to defend its lower boundary. Crypto strategist Michaël van de Poppe identified this renewed strength, suggesting that the current structure may provide the foundation for a rally toward $120.
The $75 mark remains a pivotal level for Solana, having served as reliable support in recent sessions. Holding this area may give SOL, the blockchain’s native token, the momentum to challenge immediate resistance and potentially attempt to retest the upper limit of its trading range near $98.
Staying above $75 could create the conditions for Solana to take on its next resistance barriers, with analysts emphasizing that the zone just below $100 is especially significant for gauging renewed bullish interest.
Should Solana establish a breakout above $98, technical analysis points to a possible advance toward the $118–$127 range, which has served as a resistance cluster in previous moves.
Price LevelKey Role$60–$65Deviation/Last support zone$68Secondary support$70–$75Primary support$98Major resistance / Breakout level$118–$127Target resistance zone$150Analyst target for OctoberUpside and downside scenariosAnalyst Shah pointed out that, if Solana consolidates above its current support and begins reversing its trend of lower highs, a move toward $150 by October may become feasible. This outlook hinges on continued strength at the $75 level and follow-through above the $98 resistance.
The $90–$100 band is seen as the first major hurdle on this path. Regaining a foothold in this region may provide further confirmation that the trend is shifting, possibly triggering a push to the upper resistance zone around $120–$125.
Despite the optimism among some analysts, the overall chart does not yet signal a confirmed rally toward $150. The price must prove its resilience above $75 to maintain a constructive structure, while further downside below this level could undermine bullish targets for the rest of the year.
Risks to the outlookIf SOL fails to hold the $70–$75 region, technical signals suggest a renewed threat of decline. A drop below this support could retest the recent low near $60 and would likely invalidate any near-term aim for $150.
Solana is a high-performance, proof-of-stake blockchain known for its fast transaction speeds and low fees, making it a favored platform for decentralized applications. Its token, SOL, is among the largest cryptocurrencies by market capitalization.
Mini dictionary: Solana is a blockchain platform focused on high throughput and low-cost transactions, with its native token SOL facilitating payments, staking, and governance functions within its ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Melee Markets, an emerging Solana prediction market application, has revealed the mechanics behind its Parimutuel Market Maker model.
Designed to enable permissionless prediction market creation, Melee’s PMM architecture represents an ambitious departure from the order book model made popular by heavyweights like Polymarket and Kalshi.
With Melee approaching its mainnet launch, prediction markets sit at a critical inflection point as traders eagerly await the next landmark event following the Football World Cup.
The Parimutuel Market Maker After raising $3.5M in last year’s September pre-seed, Melee Markets is closer than ever to its mainnet launch, bringing permissionless prediction markets to Solana DeFi. Originally touted as “pump.fun meets PolyMarket”, Melee Markets has published further details on its novel design, the Parimutuel Market Maker.
Unlike existing prediction markets, which rely on orderbooks and professional market makers, Melee claims its PMM pools enable permissionless market creation and profitable passive liquidity provision.
In the simplest terms, Melee’s PMM is a passive liquidity pool that, similar to rival prediction markets, resolves to one of several mutually exclusive outcomes. Market participants can join presales to obtain pool shares and provide initial liquidity, with resolution share prices changing dynamically based on trading activity.
Open positions continuously grow based on counterparty liquidity rewards and on spread captured by an instant cashout vault, creating what Melee Markets calls a rising minimum-return floor.
According to simulated tests on 126 ‘15 Minute BTC Up-or-Down’ markets, Melee’s PMM model returned higher profits in 65.1% of winning positions when compared against traditional market structures. Melee attributes this edge to counterparty rewards, highlighting that heightened volatility resulted in greater outcomes for participants.
Prediction Markets Seek Continuation Following World Cup Melee Market’s drive towards mainnet launch comes in the wake of one of the biggest events in the prediction market calendar. According to Artemis Data, the 2026 FIFA World Cup drove trading volumes on venues like Kalshi to new all-time highs. In the tournament’s first week, prediction markets collectively witnessed over $17B in trading volume.
With the great speculative event behind us, prediction markets may face a quieter period over the coming weeks and months until the US midterm elections. Onchain data suggests prediction market trading on Solana may be slowing down, with World.xyz spot volumes dropping after recording all-time highs during the World Cup Final.
Between onchain venues like World.xyz, and creative new mechanisms like Melee Market’s PMM, Solana DeFi is one step closer to challenging the dominance of established platforms and joining the race in one of crypto’s biggest verticals.
Read More on SolanaFloor JTX if finally here
Jito’s JTX Goes Live, Giving Solana DeFi Its First Professional-Grade Trading Venue
TLDR: RWA perpetuals now represent nearly 35% of on-chain perpetual trading, with June volume reaching about $118 billion across 652 markets. Public equities control 46% of RWA open interest, supported by roughly $2 billion in positions, $2.2 billion in daily volume and 411 markets. Hyperliquid HIP-3, Solana and exchange-based tokenized stock products are widening round-the-clock access to equities, indices and commodities. Oracle failures, weekend pricing gaps, concentrated liquidity and uneven investor rights create new risks as leveraged RWA markets expand. RWA perpetuals now account for nearly 35% of total on-chain perpetual trading volume in early Q3 2026. Their share stood at only 0.16% in Q4 2025, showing how quickly traditional-market exposure has moved onto crypto rails.
June volume reached about $118 billion, while the number of available markets expanded to 652. Other market trackers also recorded more than $100 billion in June volume and over 600 listed contracts.
Public equities lead the expansion as traders seek leveraged, round-the-clock access to familiar companies without using traditional brokerage hours.
RWA Perpetuals Shift Demand Toward Public Equities Public equities now represent 46% of RWA perpetuals open interest. The segment holds roughly $2 billion in outstanding positions and generated about $2.2 billion in 24-hour volume.
Source: Cryptorank It also supports 411 active markets, compared with 54 precious-metals markets and 41 equity-index markets.
That concentration shows traders prefer listed companies over less liquid real-world assets. Equity contracts offer clear price references, frequent news events, and deep underlying markets.
Earnings, guidance, and macro data can quickly create trading opportunities. Stock perps also remain active when traditional exchanges close.
These contracts provide synthetic price exposure rather than direct share ownership. Traders can open long or short positions, often using USDC collateral, but receive no voting rights or dividends.
Funding rates and oracle prices keep each contract linked to its underlying stock. A Micron contract on TradeXYZ, for example, trades continuously through Hyperliquid infrastructure.
Hyperliquid’s HIP-3 framework has accelerated this shift by allowing qualified builders to deploy custom perpetual markets. The protocol requires deployers to stake 500,000 HYPE, creating an economic backstop for market operators.
HIP-3 markets cover equities, indices, commodities, and pre-IPO references.
The broader tokenized-equities market is also expanding across Solana, Kraken, Bybit and Robinhood-linked infrastructure. Solana accounted for 97% of cumulative tokenized-equity spot volume in May.
Kraken separately expanded xStocks to 100 backed US stocks and ETFs, widening access outside standard market hours.
RWA Perpetuals Growth Exposes New Risks Across Platforms The rapid rise of RWA perpetuals introduces risks that differ from crypto-native contracts. Equity markets close overnight and on weekends, while on-chain perps continue trading.
Platforms must manage price gaps, funding changes and thin liquidity when primary exchanges are inactive.
Oracle dependence creates another weak point. RWA contracts rely on external feeds for stock, index and commodity prices.
Ostium halted trading after an attacker manipulated its price-reporting infrastructure and drained about $18 million in USDC during July. The incident showed how a compromised oracle component can turn false prices into profitable trades.
Liquidity is also concentrated among a small group of venues and builders. TradeXYZ has controlled most HIP-3 open interest during several growth phases.
Such dominance can improve execution, but it increases exposure to one platform’s technology, market design, and risk controls.
Regulatory treatment remains uneven. Some tokenized shares represent backed instruments, while equity perps provide only cash-settled exposure.
Jurisdiction, investor rights, custody, and disclosure rules vary across platforms. Traders must therefore examine contract terms, oracle design, liquidation rules, and weekend pricing before taking leveraged positions.
22 July 2026 | 19:46 Solana is trading around $78, caught between improving spot ETF flows and a technical structure that has not yet committed to a direction.
Key Takeaways Four consecutive ETF weeks remain positive. Current inflows exceed three prior weeks combined. SOL remains trapped between $73 and $84. $79 is the first breakout hurdle. Alpenglow could become the next catalyst. The price has recovered substantially from the June low near $60, but it remains inside the $73 to $84 range that has controlled trading since the crash. SOL is also sitting just below its flat 100-day simple moving average at $79, placing the market directly beneath its first meaningful resistance.
At the same time, Solana spot ETFs have recorded four consecutive positive weekly readings, creating a more supportive flow backdrop while the chart remains unresolved.
ETF Demand Is Accelerating, Not Merely Staying Positive The four-week sequence shows uninterrupted net inflows into Solana spot ETFs, but the size of those inflows has changed considerably.
Weekly Reading Total Net Inflow July 21, 2026 $8.47 million July 17, 2026 $948,210 July 10, 2026 $930,430 July 2, 2026 $5.75 million The latest $8.47 million total came from $2.64 million on July 20 and another $5.83 million on July 21, per SoSoValue data. Those two days alone brought in more than the approximately $7.63 million recorded across the previous three positive weekly readings combined.
The concentration of demand in the latest period strengthens the flow signal, but ETF inflows do not automatically resolve the price structure. SOL remains below the resistance levels that have repeatedly contained the recovery, meaning the data supports the base without confirming a breakout.
The June Crash Has Turned Into a Defined Range The June decline pushed Solana toward $60 before buyers established a recovery. Since then, price has formed a sequence of higher lows, but every stronger advance has stalled beneath the upper part of the current range.
Daily Solana technical price chart / Source: TradingView The result is a sideways consolidation between approximately $73 and $84. The rising 50-day simple moving average at $73 now overlaps with the lower boundary, giving the range floor both horizontal and moving-average support.
SOL is positioned near the middle of that structure rather than at either extreme. That limits the significance of small daily moves around $78, as price is neither breaking resistance nor threatening the base.
The flat 100-day average reinforces the neutral reading. Its position directly above the market shows that the earlier downtrend has lost some momentum, but it has not yet been replaced by a confirmed uptrend.
$79 Opens the Door, but $84 Confirms the Move The first test is the 100-day average at $79. A daily close above it would move SOL out of the middle of the range and reopen the path toward $84, where the recovery stalled around the middle of July.
Reclaiming it would improve the short-term structure, but the more important confirmation sits at the range ceiling. A move above $84 with stronger volume would produce the first higher high since May.
That would change the character of the recovery. Instead of continuing to rotate between established support and resistance, SOL would begin breaking the sequence that has kept it under pressure since the earlier highs.
The falling 200-day simple moving average at $89 would then become the next visible obstacle, testing whether the market can extend beyond a range breakout into a broader trend reversal.
The relative strength index is near 55, leaving room for price to move in either direction. Momentum is neither overbought nor deeply weakened, so the outcome is more likely to depend on how SOL reacts at 100 SMA and $84 than on an extreme indicator reading.
Why the $73 Floor Might Define the Entire Base The $73 area combines the range floor with the rising 50-day average, making it the level that protects the recovery from returning to its June structure.
A rejection below the 100-day average would initially keep SOL trapped inside the range. Price could rotate back toward $73 without invalidating the base, provided buyers continue defending that area. A daily close below $73 would be more damaging. It would break both horizontal support and the moving average that has risen beneath price during the recovery. That loss would expose the lower recovery zone near $66, followed by the June base around $60. A return to those levels would show that the recent consolidation failed to establish a durable floor.
Alpenglow Adds a Catalyst Beyond ETF Flows Solana is approaching the expected activation window for its Alpenglow consensus upgrade, scheduled for mainnet between August and October 2026.
The timing remains contingent on the release of the Agave 4.2 client and sufficient validator key registrations to complete the required testing and security audits.
Alpenglow represents a complete overhaul of Solana’s consensus layer, replacing Proof of History and Tower BFT. The approaching upgrade could attract additional market attention while ETF inflows are strengthening.
However, the event would not confirm that the range has ended while SOL remains below $79 and $84. A stronger response would require continued ETF demand, a reclaim of the 100-day average and enough volume to clear the July ceiling. Without that combination, Alpenglow may strengthen the narrative around Solana while price continues moving sideways.
Between Flows and Structure Solana’s backdrop is becoming more constructive, but the price has not yet followed with the same conviction. ETF demand is strengthening and Alpenglow provides a potential catalyst, while the chart remains confined beneath its main resistance levels.
The structure therefore stays neutral until the range resolves. Buyers have protected the recovery so far, but only a confirmed move through the upper boundary would turn the consolidation into something more durable.
This article is provided for informational purposes only and does not constitute financial, investment or legal advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
The 0x Solana API now routes swaps involving Token2022 (Token Extensions) tokens. Existing integrations pick this up automatically: no code changes, no new parameter, no version bump.
Teams can now route common Token2022 assets, including PayPal USD (PYUSD), Global Dollar (USDG), tokenized equities, and launchpad tokens.
How it worksTo support Token2022, DEX programs added a second instruction variant that includes the token mint account, letting the DEX check which extensions are active before it builds the swap. Solana caps account locks and transaction size per transaction, so carrying that extra account on non-Token2022 swaps adds real, unnecessary cost.
The Solana Swap API routes around that cost automatically. Pairs not involving Token2022 keep using the lean, existing instruction. Only pairs that touch a Token2022 token switch to the mint-aware variant. Every route gets the cheapest instruction set for the tokens it actually contains, so Token2022 support doesn't tax the swaps that don't need it.
What to knowFor integrators, request and response shapes are unchanged.
Token2022 routing is live across the major of venues and is extending to the full Token2022-ready DEX set as the remaining venues are enabled. The /enabled-sources endpoint returns the current list.
Use casesStablecoin routing: A wallet quoting PayPal USD (PYUSD) or Global Dollar (USDG) pairs settles them directly through the Solana Swap API instead of dropping the request.Tokenized equities: An app offering tokenized securities issued in Token2022 format executes in and out of those assets through the same swap flow it already uses.Launchpad tokens: An aggregator integrated with a Solana launchpad routes that launchpad's Token2022 tokens without handling a rejection.Bridged assets: A wallet supporting tokens bridged to Solana in Token2022 format routes them exactly as it routes SPL tokens.See the guide for the full API reference & examples.
Start building for free by signing up through the 0x dashboard.
Spot cryptocurrency ETFs recorded strong net inflows on July 21, with Bitcoin and Ethereum products leading the session, according to data from several analytics platforms. The figures show continued investor interest and rising capital commitments across leading crypto assets for a sixth consecutive day in Bitcoin’s case and a third for Ethereum.
Bitcoin ETFs extend inflow streakSpot Bitcoin ETFs brought in $203 million in net inflows on July 21, data from SoSoValue and Wu Blockchain revealed. This marked the sixth consecutive day of net positive flows for US-based Bitcoin investment products.
SBlockSpy, a market tracking account, posted a similar figure of $203.2 million for the day and calculated that the combined inflows for the six-day streak totaled approximately $930 million. These continued inflows highlight persistent institutional and retail demand for spot Bitcoin ETFs.
BlackRock’s iShares Bitcoin Trust (IBIT) led the daily rankings, adding $163.9 million in net inflows. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed, attracting $23.1 million. This dominance by two of the world’s largest asset managers underscores institutional adoption of exchange-traded Bitcoin products.
Spot Bitcoin ETFs registered $203 million in net inflows on July 21, making it the sixth successive day of positive flows, while spot Ethereum ETFs reported $37.47 million in net inflows, extending their own streak to three days.
Ethereum ETFs maintain momentumSpot Ethereum ETFs also ended July 21 with another positive day, posting $37.47 million in net inflows. This continued the run to three consecutive days of incoming capital, as reported by Wu Blockchain and confirmed by market commentator That Martini Guy.
While Ethereum’s figures were below Bitcoin’s, the positive net flows suggest increasing appeal for regulated ETH investment products. The data indicates that, despite being outpaced by Bitcoin, Ethereum ETFs are holding investor attention after a period of mixed daily flows.
Market participants are now watching closely to see if Ethereum ETFs can extend their streak and attract greater capital throughout the week.
ETFJuly 21 Net InflowStreakBitcoin ETFs$203 million6 daysEthereum ETFs$37.47 million3 daysSOL and XRP enjoy rising ETF demandInterest in spot crypto investment products also spread to Solana (SOL) and XRP, which both posted notable inflows on July 21. That Martini Guy noted that Solana products brought in $5.83 million, while XRP ETFs registered $5.66 million. These inflows indicate that institutional and retail investors are beginning to diversify asset exposure beyond Bitcoin and Ethereum.
Although these sums remain much smaller compared to the Bitcoin and Ethereum ETFs, the expanding interest underscores a broadening of the market’s focus within regulated crypto products.
ETF inflows can shift rapidly depending on price action and investor sentiment. However, consistent multiday inflow streaks are often regarded as a sign of growing confidence among traditional market participants seeking exposure to crypto assets. The coming days may determine whether this positive momentum continues or reverses.
Institutional money is beginning to move beyond Bitcoin and Ethereum, with new capital entering Solana and XRP ETFs, according to recent market data.
Mini dictionary: Wu Blockchain, a widely followed industry news account, provides real-time blockchain and cryptocurrency market data, often aggregating fund flow information and analytics from multiple providers.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Grayscale has filed a new Form 8-K tied to its Solana product, outlining a trust agreement amendment that would allow net staking rewards to be distributed to shareholders at least quarterly.
The filing relates to Grayscale Solana Staking ETF, or GSOL, and was filed with the SEC on July 17. The amendment is expected to become effective on August 7, 2026.
The key point is that this is not a spot Solana ETF approval story.
The filing concerns how staking rewards may be handled for the existing Solana-linked trust structure. It introduces a cash payout mechanism for net staking rewards, which could make the product more attractive to investors who want Solana exposure with a clearer income component.
For Solana, it also shows how staking economics continue to shape institutional product design.
TL;DR Grayscale filed a Form 8-K tied to its Solana staking product on July 17. The amendment would allow net staking rewards to be paid to shareholders at least quarterly. The filing concerns distribution mechanics, not approval of a new spot Solana ETF. Solana Staking Is Becoming Part Of Product Design Solana is a proof-of-stake network, which means staking is central to how the network works.
Tokenholders can delegate SOL to validators and earn rewards for helping secure the chain. In direct ownership, those rewards are part of the appeal. But when investors access SOL through a trust or fund product, staking becomes more complicated.
Who controls the staking process? How are rewards calculated? What fees are deducted? Are rewards reinvested or paid out? How often are distributions made? What risks come with validator selection?
These are not small details for institutional investors.
A product that holds staked SOL but does not clearly pass benefits through to shareholders may be less attractive than one with a defined payout structure. Grayscale’s proposed amendment addresses that question by introducing cash payouts of net staking rewards at least quarterly.
That gives investors a clearer framework for how staking income may be reflected.
Why Quarterly Payouts Matter Quarterly payouts make the product easier to understand.
Traditional investors are used to funds that distribute income on a schedule. Bond funds, dividend funds, and other yield-linked products often use regular distributions to make income visible.
Crypto staking rewards are different, but the investor expectation can be similar.
If a Solana product can translate staking rewards into scheduled cash payouts, it may become easier for advisors, funds, and institutions to evaluate. It turns an on-chain reward mechanism into something closer to a familiar financial product feature.
That does not remove risk.
Staking yields can fluctuate. Validator performance matters. Network conditions can change. Fees and expenses reduce net payouts. Regulatory treatment may evolve.
But the structure is more legible to traditional investors than a vague promise of staking exposure.
Not A Spot ETF Approval It is important to keep the filing in proportion.
The Form 8-K does not mean regulators have approved a new spot Solana ETF. It does not mean Solana has cleared the same path as Bitcoin or Ethereum in the ETF market. It is a trust agreement amendment involving distribution mechanics.
That distinction matters because Solana ETF speculation has been a major market theme.
Traders often react quickly to anything involving Grayscale, Solana, SEC filings, or staking language. But not every filing is an ETF approval milestone. Some filings deal with product operations, disclosures, agreements, or shareholder mechanics.
This one is about staking reward distributions.
That is still meaningful, especially for investors watching how crypto products evolve. It just should not be misread as a regulatory green light for a spot Solana ETF.
Solana Products Are Getting More Sophisticated The broader trend is that Solana investment products are becoming more sophisticated.
As Solana’s network activity, DeFi ecosystem, and institutional profile grow, asset managers have more reason to design products around SOL exposure. Staking is a natural part of that conversation because it is embedded in the network’s economics.
For institutions, the question is not only whether they want SOL exposure. It is what kind of exposure they want.
Direct custody gives maximum control but requires operational infrastructure. Fund products simplify access but introduce fees, structures, and rules around staking. A trust with scheduled net reward payouts sits somewhere in the middle.
Grayscale’s filing shows how these products may evolve before or alongside any future ETF decisions.
Solana investors should watch the effective date and any further disclosures about payout mechanics, expenses, and staking operations.
For now, the filing adds another institutional layer to Solana’s market story.
It does not change the regulatory status of spot Solana ETFs, but it does show that staking rewards are becoming harder for asset managers to ignore.
This article is based on Grayscale’s July 17 SEC Form 8-K filing for GSOL.
This article was written by the News Desk and edited by Samuel Rae.
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.
Franklin Templeton, a leading global asset management firm overseeing over $1.5 trillion in assets, has identified artificial intelligence agents as the next major growth area for blockchain and cryptocurrency. Sandy Kaul, the firm’s head of digital assets and innovation, outlined this vision in a recent post on X.
AI agents and blockchain infrastructureAccording to Kaul, the emergence of an AI-driven agent economy will generate significant demand for blockchain protocols capable of supporting machine-to-machine micropayments. She noted that legacy payment networks, including widely used card systems, face challenges meeting the fast and low-cost requirements of automated digital agents.
Kaul highlighted the limitations of established card networks, with fees and settlement speeds unsuited for the high-frequency, micro-level transactions typical of automated AI agents. In her view, most investors today focus on acquiring shares of companies aligned with the AI sector, but she questioned whether this approach will remain effective as agentic AI becomes prevalent.
Most investors today buy shares of AI-aligned companies to access the AI growth opportunity, but it remains uncertain if that strategy will hold as agentic AI evolves.
She pointed to blockchain networks including Aptos, Solana, and BNB Chain as well-positioned for this new digital landscape. These platforms can settle transactions within seconds, offering a sharp contrast to the one-to-three business day settlement times seen in systems like the Visa network.
Payment industry leaders have recently examined this topic as well. Payments giant Visa and research platform Artemis published a joint report last week, concluding that traditional cards—designed for infrequent, human-driven transactions—are not adequate for the needs of AI agents. They argued that to support agentic micropayments on a commercial scale, networks require both instant settlement and minimal fees.
Mini dictionary: Agentic economy, a digital ecosystem where AI agents autonomously perform transactions or tasks, often interacting with other machines, users, or protocols without direct human intervention.
Industry response and adoption trendsWithin the past few months, several major players have launched tools targeting the intersection of AI and payments. Visa’s crypto division and Tempo, supported by Stripe, both unveiled AI-driven solutions in March. Visa’s new function grants AI agents the ability to process same-day payments.
Meanwhile, new protocols facilitating machine payments are seeing early signs of traction. The x402 payment protocol, a system created by Coinbase, reportedly processed $15 million in adjusted volume through over 109 million adjusted transactions since its introduction in May 2025, according to the joint analysis by Visa and Artemis.
Protocol/NetworkSettlement SpeedRecent UsageAptosSecondsPositioned for agentic AISolanaSecondsPositioned for agentic AIBNB ChainSecondsPositioned for agentic AIVisa Network1–3 business daysTraditional card usagex402 (Coinbase)Seconds$15 million, 109M transactions since May 2025Visa launched its machine-to-machine payments tool to strengthen its presence as the pace of agentic transactions accelerates, while adoption data from Coinbase illustrates practical engagement with the technology in live environments. This suggests interest is building in infrastructure that can support the complex and rapid settlement needs of AI-driven economies.
Visa and Artemis found that traditional payment cards are not built for the frequency or scale required by agentic AI transactions, reinforcing the shift toward blockchain alternatives.
The increasing experimentation and support for agentic AI payments by both blockchain networks and major payment industry companies reflect a growing recognition of the role digital assets may play in powering next-generation automated commerce.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new crypto benchmark that excludes Bitcoin (BTC) entirely.
CEO Cathy Clay said Bitcoin fails the index’s core test, generating real protocol revenue instead of trading purely on speculation.
How the Index Weighs Its TokensThe index holds 18 constituents. Its five largest holdings are Ether (ETH), Binance Coin (BNB), Solana (SOL), Tron (TRX), and Hyperliquid (HYPE), a decentralized derivatives exchange.
The benchmark weights holdings by market capitalization and rebalances quarterly. No single token can exceed 35% of the total, and no other holding can top 20%. These caps mirror rules S&P applies to its own equity benchmarks.
Clay wants to bring stock-index discipline into digital assets. She favors protocols with verifiable economic activity over ones that trade on name recognition alone.
Pantera co-developed the methodology with founder Dan Morehead. The firm has managed over $3 billion across three investment strategies since launching its first crypto fund in 2013.
“S&P Dow Jones Indices helps investors cut through market noise with benchmarks you can trust.”
Clay, CEO of S&P Dow Jones Indices
Wall Street Warms to Altcoin SeasonThe exclusion highlights a widening split in how institutions define crypto value. By this measure, revenue beats Bitcoin’s dominant narrative as the market’s largest asset. Pantera’s history with institutional crypto access suggests more revenue-screened benchmarks could follow.
The launch lands as retail altcoin season signals stay unconfirmed but improving. CoinGlass’s Altcoin Season Index climbed to 58 in mid-July, building on a June 4 spike to 64. That reading sits above the neutral midpoint, but it remains short of the 75 threshold that confirms genuine rotation.
Institutional flows tell a parallel story. A March BeInCrypto Expert Council discussion found major allocators narrowing institutional crypto bets to Bitcoin, Ethereum, and a short list of DeFi names.
A revenue-screened benchmark like the S&P Pantera Digital Asset Index offers portfolio managers a compliant route into that same thesis. It provides exposure to large-cap altcoins with real usage, skipping meme coins and speculative networks entirely.
If other index providers copy the approach, institutional capital could rotate into select altcoins early. That could happen well before retail-driven altcoin season data confirms a broader move.
A new wallet withdrew 74,900 HYPE tokens from Galaxy Digital and transferred them to Coinbase.
According to on-chain monitoring, a newly created wallet address 0x448a withdrew 74,900 HYPE tokens from Galaxy Digital, valued at approximately $4.39 million, and subsequently transferred them to Coinbase.
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OKX continues to upgrade its asset protection system, rolling out large withdrawal protection and night-time withdrawal protection.
According to official announcements, OKX has now launched large withdrawal protection and after-hours withdrawal protection. Large withdrawal protection allows users to independently set a 24-hour cross-channel cumulative withdrawal threshold, with a maximum equivalent of $10 million. After-hours withdrawal protection enables KYC-verified users to set a daily protection period of up to 12 hours, during which operations including on-chain withdrawals, C2C sales, API withdrawals, and Pay top-ups will be blocked. Users can configure these features in the "Security Center" → "Advanced Security Settings" section.
5 minutes ago
Summer Fi attacker transfers most of the stolen funds, leaving approximately $565,000 worth of ETH remaining.
According to monitoring by OnchainLens, following the Summer Fi attack on July 6, the attacker stole approximately 6.017 million DAI, and has since been converting and transferring funds via Tornado Cash. Currently, the remaining funds in the attacker’s wallets include: 11.3 ETH (valued at around $21,600) held in the original wallet, and 282.9 ETH (worth approximately $543,500) in a second wallet.
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A certain whale has bought a total of 54,449 ETH and 600 WBTC since the end of June.
According to monitoring by The Data Nerd, wallet address 0x2684 has been steadily accumulating ETH and WBTC since June 30, with its current unrealized profit exceeding $12.5 million. The whale has purchased a total of 54,449 ETH (valued at roughly $94 million, at an average price of ~$1,726) and 600 WBTC (worth ~$38.37 million, with an average purchase price of ~$63,950). The position turned to unrealized profit after the whale added to its holdings during a market downturn.
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Analysis: Bitcoin’s volatility falls to its lowest level since 2016, sustained deleveraging reduces liquidation risks
Crypto Quant analyst Axel Adler Jr noted in a post that Bitcoin has recently entered a low-volatility compression phase. The 30-day average of its 1-week realized volatility has fallen to 28.3, a roughly 31% drop from the June 25 peak of 41.6. The metric has also retreated to around the 8th percentile of its historical distribution since 2016, meaning 92% of past trading days saw higher volatility than current levels. Meanwhile, Bitcoin’s 30-day momentum of open interest (OI) relative to market capitalization has been negative for 21 consecutive days, signaling market leverage is continuing to decline rather than accumulating amid the low-volatility environment. The cryptocurrency’s current price has rebounded approximately 11.4% from its June low, but this uptick has not been paired with an expansion of derivative positions, reducing the risk of a large-scale liquidation cascade. However, Bitcoin remains below its 200-day moving average of $72,666. If volatility rises back above 35 while the price fails to hold above the long-term moving average, downside risks could increase.
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Optical module and storage stocks pull back collectively in pre-market US stock trading.
According to BIT (Bit.com) market data, ahead of U.S. stock market opening, the optical module and storage sectors saw a slight pullback after rallying sharply yesterday, with pre-market funds showing signs of profit-taking. Optical module stocks: Coherent (COHR) closed up 11.15% at $317.220 yesterday, trading at $306.260 pre-market, down 3.46%; Lumentum Holdings (LITE) closed up 9.41% at $837.560, pre-market at $812.060, down 3.04%; Applied Optoelectronics (AAOI) closed up 15.76% at $119.260, pre-market at $115.940, down 2.78%; Nokia (NOK) closed up 5.46% at $10.630, pre-market at $10.530, down 0.94%; Marvell Technology (MRVL) closed up 6.68% at $207.960, pre-market at $202.720, down 2.52%. Storage stocks: Seagate Technology (STX) closed up 11.14% at $891.830 yesterday, pre-market at $864.500, down 3.06%; Western Digital (WDC) closed up 12.51% at $548.390, pre-market at $530.000, down 3.35%; SanDisk (SNDK) closed up 14.27% at $1589.400, pre-market at $1546.080, down 2.73%; Micron Technology (MU) closed up 12.17% at $970.820, pre-market at $944.550, down 2.71%. Pre-market, optical module and storage stocks generally pulled back 2%-3.5%, a technical adjustment following yesterday's sharp rally. Funds remain concentrated in the AI infrastructure chain, with storage and optical interconnection continuing to benefit from the expansion of AI server demand.
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.
