A hacker manipulated the swap mechanics of a liquidity pool on the cross-chain stablecoin bridge Allbridge Core, looting $1.66 million worth of digital assets over the weekend.
In a post-mortem of the incident, Allbridge notes the hacker used a flash loan and exploited the swap logic of its Solana (SOL) liquidity pools.
The attacker borrowed approximately $1.12 million worth of the dollar-pegged stablecoin USDC from a lending protocol, then swapped that USDC into rival stablecoin USDT.
The hacker then conducted a series of five “same-asset swaps,” exchanging 100,000 USDT for progressively less of the same stablecoin.
Allbridge notes the swap path treated an input and output of the same token like any other pair.
“Because both sides of a same-asset swap reference the same pool, the accounting of the two halves diverged, and each iteration pushed the pool’s internal pricing further out of line with reality.”
After heavily skewing the price of Tether’s stablecoin in the liquidity pool, the hacker managed to swap only 4,000 USDT for 2.24 million USDC. The attacker then repaid the flash loan and kept the surplus 1,118,239 USDC and 538,692 USDT, totalling roughly $1.66 million worth of stolen crypto.
Allbridge notes the liquidity pool’s imbalance safeguard was “configured permissively,” enabling mispricing to balloon to profitable levels before it triggered.
The stablecoin bridge has since resumed routes that do not rely on liquidity pools but announced it plans to stop conducting pool-based swaps. The project also says it has traced $1.63 million of the stolen funds, which were bridged from Solana to a single Ethereum (ETH) consolidation address and then moved in several different directions.
Allbridge also notes that no user wallets, private keys or non-pool bridge routes were impacted by the exploit.
Morgan Stanley, Wall Street’s largest wealth manager, has filed for a Solana spot ETF with the lowest sponsor fee in the U.S., at 0.14%. Concurrently, SBI Global Asset Management has launched Japan’s first tokenized equity fund on the Solana blockchain. Despite these significant institutional developments, Solana’s native token, SOL, remains at a 2.5-year low, within the $68–$77 range.
The Morgan Stanley ETF filing includes prominent service providers such as Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada, passing 95% of yield rewards to fund holders. Meanwhile, the SBI-JX fund offers institutional and accredited investors on-chain access to a high-dividend Japanese equity strategy. These moves mark a notable increase in institutional infrastructure around Solana, suggesting a growing adoption of blockchain technology in traditional financial markets.
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Despite these advances, market pricing suggests limited immediate impact on Solana’s price, with a consistent risk-off sentiment prevailing. Current market data indicates only a 9% likelihood that Solana will reach $90 by August 1, 2026, reflecting cautious optimism amid broader market conditions.
Key Takeaways Morgan Stanley’s filing of a low-fee Solana ETF and SBI’s launch of a tokenized equity fund on Solana suggest increased institutional interest in the blockchain. Solana’s price remains near multi-year lows, indicating a disconnect between institutional adoption and current market sentiment. Market pricing suggests a low probability of significant short-term price increases for Solana, with a 9% chance of reaching $90 by early August. What to Watch Investors and analysts will be closely monitoring the response of the SEC to Morgan Stanley’s ETF filing, as approval could indicate increased institutional adoption. Additionally, the performance and adoption of the SBI-JX fund in Japan may provide further insights into the viability of tokenized equity products. Market participants will also watch for broader macroeconomic factors and regulatory developments that could impact Solana’s price trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 9% — — 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 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 3.1% — — 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 21% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
$PUMP climbs on heavy volumeThe native token of Solana memecoin launchpad Pump.fun tagged a two-month high of $0.002087 on July 20, gaining roughly 13% on the day and around 40% over the prior seven days. Twenty-four-hour trading volume surged more than 400% to approximately $237 million, underlining the breadth of the move rather than a thin-liquidity spike.
$PUMP is the native token of Pump.fun, a Solana-based platform that simplifies the creation and trading of memecoins. Pump.fun is a permissionless token launchpad on Solana that lets anyone create a fully functional memecoin in under sixty seconds for about $2 in fees. Since launching in January 2024, it has powered millions of token launches and billions in trading volume, and has become the epicenter of Solana's memecoin mania.
Ansem reveals a PUMP positionThe catalyst that traders pointed to was a public disclosure from @blknoiz06, the crypto trader widely known as Ansem, who revealed a $PUMP buy and outlined a bull case for the launchpad. Ansem is a crypto trader, investor, and influencer primarily associated with the Solana ecosystem. He built his reputation as an early supporter of Solana and memecoins like Dogwifhat and Bonk, and is widely credited with calling Solana's 2023 rally from around $8 to nearly $300. His commentary often influences short-term market sentiment across Solana assets.
The move comes weeks after Ansem's own namesake token, $ANSEM (The Black Bull), became one of the more talked-about memes in Solana's trenches. A Solana memecoin called The Black Bull (ANSEM) climbed nearly 20,000% in seven days in late June 2026, pushing its market cap past $60 million from a starting point measured in the tens of thousands of dollars. That run reanimated broader interest in Solana's memecoin culture, and Ansem's willingness to now go public with a $PUMP position has added fresh momentum to the launchpad's own token.
Pump.fun itself remains one of the dominant forces in Solana's on-chain economy. According to DefiLlama, Pump.fun's annualized fees were $268.83 million as of April 2026, showing the platform was still generating large fee volume after its earlier peak growth phase. Traders will be watching whether Ansem's endorsement is enough to sustain the rally or whether $PUMP gives back gains as attention rotates to the next narrative.
As with all memecoin-adjacent assets, price moves can reverse sharply. This article is for informational purposes only and is not financial advice.
Sources:
Pump.fun ($PUMP) price data, Coinbase
Pump.fun Launchpad Review 2026, CryptoSlate
Who Is Ansem in Crypto, BTCC Academy
Tokenized assets on the Solana blockchain have reached a new pinnacle, totaling $5.8 billion in the second quarter of 2026. This figure marks a 114% increase from the previous quarter, continuing a trend of six consecutive quarterly all-time highs. The surge is largely driven by tokenized stocks, which accounted for roughly $4.8 billion of the network’s total tokenized equity activity. Solana’s dominance in institutional real-world asset settlement is further cemented, as it manages over 96% of all tokenized stock trades on blockchain networks. This growth occurs despite a decline in broader decentralized exchange (DEX) spot volume.
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Key Takeaways The record-setting $5.8 billion in tokenized assets on Solana suggests robust institutional demand and strengthens its competitive position as a leading blockchain for tokenized stocks. The market pricing for Solana reaching $90 in July reflects an increase in confidence, with YES outcomes rising from 6% to 9% over the past 24 hours. The continuous quarterly growth in tokenized assets on Solana is consistent with scenarios where increased adoption and confidence in Solana’s capabilities could drive further interest and value. What to Watch Watch for any further increases in tokenized asset volumes on Solana, as these could indicate sustained institutional interest. Key developments to monitor include potential regulatory changes or new financial product approvals that could impact Solana’s market positioning. Additionally, movements in Solana’s price, especially if it approaches the $90 mark, could suggest shifts in market confidence and demand dynamics.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 9% — — 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 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.5% — — View market → August 1 2026 2.7% — — 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 23% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Solana (SOL) is retesting a key support level, with market participants monitoring whether this zone will maintain bullish momentum or trigger enhanced selling pressure. As cross-chain inflows into the Solana network increase, investor confidence and activity in the ecosystem appear to be strengthening.
Price action and technical outlookSOL is trading at $76.17, supported by a 24-hour trading volume of $1.8 million and commanding a market capitalization of $44.4 billion. Recent price stability and network growth have contributed to a positive outlook among analysts, with several suggesting the groundwork for a bullish reversal is forming.
Technical analyst Daan Crypto Trades highlighted that Solana is nearing a major high-timeframe technical zone, which could determine its next directional move. Experts emphasized the importance of buyers defending the current level and forming a higher low to keep the bullish structure intact.
If Solana’s support at present levels holds, bulls could target a move toward resistance near $97. Conversely, failing to maintain this range opens the possibility for downside moves, potentially driving the price toward the mid-$60s, where historical buying interest has previously emerged.
Analysts underscored the need for strong buyer defense at the current support to sustain Solana’s bullish market structure, with an eye on reclaiming resistance around $97 if momentum persists.
Rising investor interest and network growthBlockchain monitoring platform Solana Floor reported a net inflow of $26 million into Solana’s blockchain over the past week. This increased capital movement is viewed as renewed investor interest, reflecting the platform’s appeal through rapid transaction speeds, low fees, and an expanding suite of DeFi products and decentralized applications.
Liquidity flowing across chains and into Solana’s ecosystem has also been associated with growing confidence, as regular inflows support market engagement and DeFi activity. Experts anticipate these trends could further boost network participation and contribute to a broadly positive sentiment around the asset.
A steady rise in cross-chain inflows, combined with robust support holding at key technical levels, could reinforce buyer activity and drive SOL closer to higher resistance zones. However, if the current support is breached, increased sell pressure may prompt a notable retracement.
Portfolio management and market toolsAs traders navigate Solana’s volatile price action, access to comprehensive market tools and portfolio management platforms remains a priority. In this context, managing investment positions efficiently demands tracking real-time prices, technical indicators, and key macroeconomic catalysts such as Federal Reserve interest rates. Platforms like CryptoAppsy aim to meet these needs, offering a unified interface where users can follow live prices, detailed charts, and monitor all holdings across multiple currencies.
Through features such as smart price alerts, coin-specific news feeds, and detection of newly listed altcoins, users can stay updated and respond quickly to opportunity. The integration of critical data alongside portfolio management is seen as essential in remaining competitive in volatile markets like Solana’s.
Continuous cross-chain liquidity support and robust market tools could help investors closely track price zones and maximize opportunity in the rapidly evolving Solana 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.
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.
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.
In a notable liquidity event, $500 million in USDC was minted on the Solana blockchain, as reported by @martypartymusic. This issuance, completed in two tranches of $250 million each, significantly boosts the dollar liquidity available on Solana. With Solana currently holding between $7.74 billion and $10 billion in circulating USDC, this new influx represents a substantial addition to its existing stablecoin supply. The move is perceived to align with increased institutional demand for Solana as a favored platform for decentralized finance (DeFi) and other financial applications.
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The issuance of such a large amount of USDC on Solana may indicate potential shifts in market dynamics. As a result, there is speculation around its impact on Solana’s price, particularly in relation to the ongoing market question of whether Solana will hit $90 within July. Despite the substantial liquidity input, the source tier of the information could affect the degree of market movement.
Key Takeaways The recent issuance of $500 million USDC on Solana appears to suggest growing institutional interest in the platform. Market pricing suggests that the increased liquidity could be supportive of a positive price movement for Solana, yet source credibility may temper immediate impacts. Current market odds for Solana reaching $90 in July have seen some fluctuations, with a recent increase to 9% from 6% just 24 hours ago. What to Watch Observers will be closely monitoring Solana’s price movements in the coming days to see if the increased liquidity translates into upward momentum. Key indicators include any substantial changes in volume or new institutional announcements that reinforce Solana’s role in DeFi. Additionally, developments related to the broader financial environment, such as regulatory changes or macroeconomic shifts, could also influence market sentiment and Solana’s price trajectory.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 9% — — 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 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.5% — — 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 21.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Solana has unveiled a new platform that provides detailed, on-chain analytics for tokenized stocks, positioning itself prominently in the evolving landscape of digital asset management. Unlike early tokenized equity pilots, this development transforms tokenized stocks into quantifiable and transparent operations directly recorded on the blockchain.
New analytics platform emergesThe new Solana-based dashboard allows users to explore, filter, and compare tokenized equity market share across various blockchains. Investors and other stakeholders can analyze data by company, asset type, or token issuer, offering a level of insight that has rarely been available in the sector. Visualization tools include stacked horizontal bar charts, doughnut charts, and line graphs.
Users are able to drill down by metric, issuer, and underlying asset, providing customizable views of the tokenized equities ecosystem. This setup contrasts with typical total value locked (TVL) dashboards, offering nuanced analytics that track growth rates of individual issuers in relation to the broader development of digital assets.
The platform’s design responds to growing calls for transparency as more physical financial assets transition to digital forms. This increased openness seeks to reduce knowledge gaps between participants, benefiting institutional investors, funds, and exchanges through reduced informational asymmetry.
Institutions can now assess differences in liquidity, distribution mechanisms, and custody models among issuing platforms more efficiently. Developers are equipped to benchmark issuance activity and monitor evolving trends, while exchanges gain access to comparative data across multiple chains.
Mini dictionary: Tokenized equity, also known as tokenized stocks, refers to digital tokens that represent ownership in traditional company shares but are settled and tracked on a blockchain network, enabling fractional investment and transparent transfer of equity assets.
Solana’s focus on issuer-level and asset-level analytics offers a mature framework that provides not only visibility for traders, but also robust benchmarking and comparison capabilities for institutional market players.
Competitive environment among blockchainsSolana’s launch arrives at a time when other major blockchain networks, including Ethereum, Base, and some Layer 2 solutions, are expanding their own real-world asset (RWA) tokenization offerings. This environment of heightened competition drives innovations in analytics, transparency, and settlement technology.
The dashboard’s ability to compare Solana’s market share directly with rival chains is seen as a key differentiator. Analysts report that issuer- and asset-level data may help set industry standards as tokenized equities gain broader adoption.
The ongoing development of settlement systems, compliance mechanisms, and collaboration with broker-dealers is anticipated to shape the next phase of growth for digital securities. Reliable, standardized data feeds are expected to become vital infrastructure for exchanges and financial institutions in this space.
BlockchainFocus AreaKey Analytics AvailableSolanaTokenized equity, on-chain analyticsIssuer-level, asset-level, market shareEthereumRWA tokenization, DeFi integrationTVL, asset distributionBaseLayer 2 scaling, RWA initiativesTokenization metrics, scaling statsWith customizable data filters and multiple visualization formats, the Solana dashboard provides investors and developers with deeper insights into the growth and distribution of tokenized stocks across competing chains.
Industry strategies evolveSolana is reinforcing its position by providing market participants with actionable data for evaluating the performance and structure of tokenized asset issuers. The transition from basic experiments to measurable, on-chain operations marks a shift toward greater institutional adoption as transparency and comparability become industry standards.
As asset tokenization expands, future performance is expected to rely not only on market interest but also on enhancements to exchange features, compliance infrastructure, and settlement solutions. Collaborative initiatives involving broker-dealers are increasingly becoming integral to advancing digital equity trading.
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.
Allbridge Core, a cross-chain protocol that facilitates stablecoin transfers across different blockchains, experienced a security breach that resulted in a loss of $1.65 million from its Solana deployment. The incident led to an immediate halt of all protocol operations as teams began an investigation into the cause and scope of the exploit.
Flash loan exploit hits Solana poolsThe attack took place on Allbridge’s Solana-based stablecoin bridge and was quickly confirmed by the project team. Allbridge paused activity as security teams and independent blockchain investigators began reviewing the incident’s impact.
According to research from blockchain analytics firm Lookonchain, the attacker bridged all stolen assets to Ethereum at high speed before converting them into ETH. These rapid transfers complicated fund recovery and underscored the fast-moving nature of cross-chain exploits.
Allbridge halted operations after a $1.65 million exploit targeted its Solana pools, with the attacker immediately moving the stolen funds to Ethereum and converting them into ETH, raising concerns about ongoing security risks in cross-chain protocols.
Further blockchain analysis revealed that the attacker initiated the exploit by using a flash loan of $1.12 million in USDC, borrowed from Kamino, a Solana liquidity protocol. By carrying out several transactions within a single block, the attacker temporarily swapped USDC and USDT tokens, manipulating the exchange rate within Allbridge Core’s stablecoin pool.
This price manipulation allowed the attacker to withdraw more stablecoins than were initially supplied, generating significant profits without retaining the borrowed funds for long. After the flash loan was repaid, the attacker kept the proceeds, which investigators estimate at around $1.65 million. The attacker then attempted to conceal the funds via Ethereum-based privacy channels.
Allbridge urged liquidity providers in affected pools to withdraw their funds while investigations continue. The protocol also called on users who profited from temporary arbitrage opportunities related to the attack to voluntarily return the funds, aiming to compensate liquidity providers who sustained losses.
Mini dictionary: Flash loan — a type of uncollateralized loan that allows users to borrow large amounts of funds within a single blockchain transaction, often used for arbitrage or, in some cases, to exploit vulnerabilities in protocols.
Security concerns for cross-chain bridges intensifyThis exploit is not the first security incident for Allbridge. The protocol previously experienced a flash loan attack in 2023, which resulted in losses surpassing $573,000, this time on its BNB Chain deployment. Both episodes involved attackers manipulating swap prices within liquidity pools.
Cross-chain bridges like Allbridge remain attractive targets due to the large sums of liquidity they handle to facilitate asset transfers between independent blockchains. Successful attacks often cause major financial damage in a short amount of time and across multiple networks.
Bridge projectYear of major breachReported lossAllbridge (Solana)2026$1.65 millionAllbridge (BNB Chain)2023$573,000Taiko2026Not disclosedIn recent months, additional bridge platforms such as Taiko, Secret Network, Gravity Bridge, Verus Bridge, and Butter Network have faced similar security breaches. These incidents have put a spotlight on the importance of thorough smart contract audits, robust monitoring mechanisms, and improved liquidity protection for decentralized finance systems.
Blockchain security groups, including PeckShield and CertiK, quickly identified the Allbridge exploit just after abnormal on-chain activity was detected. Investigators are still analyzing transaction histories to fully map the attack and support possible fund recovery.
The investigation continues as Allbridge assesses potential security upgrades and seeks to address potential reimbursement for those affected. The repeated incidents underline the persistent challenges faced by cross-chain infrastructure despite advances in decentralized finance platform security.
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 filed with the SEC on July 20 for a spot Worldcoin (WLD) exchange-traded fund. The fund would trade on Nasdaq under the ticker GWLD.
Bloomberg ETF analyst James Seyffart confirmed the filing on X. The twist is that Grayscale’s own paperwork spells out why WLD is such a risky bet.
What the Grayscale Worldcoin ETF Filing SaysThe SEC filing shows Grayscale moved fast. It formed the trust on July 10 and filed just 10 days later. BitGo will hold the WLD, and BNY Mellon will run the fund’s books.
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Grayscale knows this path well. Its Bitcoin Trust became a spot ETF in January 2024 after the firm beat the SEC in court. Solana and Dogecoin funds followed in late 2025.
Some details are still missing. The fee is blank, and no trading partners are named yet.
The Risks Grayscale Itself ListsWorldcoin verifies humans by scanning their eyes with a device called the Orb. The filing admits regulators pushed back hard. Spain, Portugal, Germany, Hong Kong, Brazil, Kenya, and Indonesia all took action between 2024 and 2025.
The token math looks rough too. The 100 largest wallets hold about 90% of circulating WLD. Team and investor tokens keep unlocking until around July 2028.
Then there is the price. WLD trades near $0.375, up 3.3% on the day. That is still about 97% below its March 2024 peak of $11.74.
Worldcoin (WLD) Price Performance. Source: BeInCryptoA June treasury purchase gave the token a brief lift. Meanwhile, Tools for Humanity layoffs at the project’s lead developer dragged it back down.
GWLD cannot trade until the SEC signs off and Nasdaq clears the listing. Easier access may help, but WLD’s path forward likely hinges on those token unlocks.
JPMorgan Chase CEO: Investors are underestimating market risks, and he will not buy stocks or long-term U.S. Treasuries at present.
JPMorgan CEO Jamie Dimon said investors are underestimating the geopolitical and fiscal risks facing the global economy, and at current prices, he would not buy the overall stock market nor long-term U.S. Treasuries. Dimon noted that the Russia-Ukraine war, Middle East conflicts, strained China-U.S. relations, and rising military spending amid expanding government deficits could eventually hit markets. While the global economy is more resilient due to reduced energy dependence, this does not rule out sudden market downturns. Persistently large U.S. fiscal deficits could eventually push up interest rates, as bond investors will demand higher returns to hold government debt. He added that even if inflation falls to the Fed’s 2% target, the 10-year U.S. Treasury yield could stay between 4% and 4.5%, leaving limited upside for long-term Treasury prices. On stocks, Dimon said he would consider buying individual high-quality stocks, but not the broader market at current valuations. The S&P 500 has risen nearly 10% so far this year. Turning to AI, Dimon compared the current investment boom to the early days of the internet. He believes massive AI spending could ultimately pay off overall, just like the internet, but the returns and timeline will “definitely not be as people expect”. He pointed out that early internet-era giants like Yahoo and Netscape later faded, while eventual winners like Google and Facebook emerged later.
9 minutes ago
Robinhood Chain ecosystem token PONS briefly surged past $39 million in market capitalization, hitting a new all-time high.
According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high market cap of over $39 million, and is now trading at $34 million, up 110% in 24 hours with around $10 million in trading volume over the same period. PONS is the native platform token of Pons, a token-launching platform on Robinhood Chain. The platform supports creating and issuing fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns PONS fees. It is viewed by some community members as the "pump.fun" of Robinhood Chain.
9 minutes ago
Margin balance in South Korean stock market falls to its lowest level since April.
According to data from the Korea Financial Investment Association, as of July 16, the margin balance used for stock financing has fallen to 33.4 trillion won (about $226 billion), the lowest level since April 15. The figure is 13% lower than the peak of 38.6 trillion won recorded at the end of June. Additional data indicates that South Korean retail investors’ enthusiasm for stocks may be cooling. Per the Korea Financial Investment Association, as of July 16, investor deposits dropped to 108.1 trillion won, down from the high of 139.7 trillion won on June 4. (Jinshi)
9 minutes ago
Ark Invest added $20.5 million worth of SpaceX stock and trimmed $4.1 million worth of Robinhood stock.
Cathie Wood’s Ark Invest purchased 170,634 shares of SpaceX on Monday, valued at approximately $20.5 million. Meanwhile, it sold 41,322 shares of Robinhood, worth around $4.1 million.
9 minutes ago
Samsung Electronics rose over 4%, while SK Hynix gained more than 3%.
According to Bitget data, South Korea’s KOSPI index posted an intraday gain of 2.51%, with Samsung Electronics rising 4.51% and SK Hynix up 3.52%.
9 minutes ago
Donald Trump has agreed to the ethics provisions of the CLARITY Act, bringing the bill closer to a Senate vote.
Trump has agreed to the ethics provisions in the CLARITY Act, clearing a key hurdle for the crypto legislation to advance to a Senate vote. Industry sources said that after months of negotiations, all parties reached an agreement on the relevant ethics terms, and Trump approved the plan late Monday. The provisions aim to restrict the president, vice president, members of Congress, and other federal officials from profiting from digital assets while in office. The controversy has long centered on Trump-linked meme coins and his family’s involvement in World Liberty Financial. Ethics issues were previously viewed as the last major obstacle to the bill’s passage. The CLARITY Act seeks to introduce the first comprehensive federal regulation of the digital asset industry, and clarifies the jurisdictional authority of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, Democratic lawmakers have not yet seen the latest provision text. The revised bill text is expected to be released in the coming days, with the earliest possible launch being Monday evening, though it may also be delayed. The Senate must complete its vote before the first week of August; if the bill passes, it will need to return to the House of Representatives for consideration before being sent to the president for signing.
Solana (SOL) is at a critical point that could signal a buying opportunity, with a potential rise to $93.
As seen in the 4-hour chart below, SOL continues to consolidate in a rising channel, with the lower boundary set at $76. Maintaining prices above this level would signal a buying opportunity, with a potential rebound to $93.
Source: X
Why the next target for Solana could be $93According to Ali, several on-chain metrics support this theory:
In the past week, fewer SOL tokens have been deposited into exchanges for selling. The reduction in selling pressure has also set up a stronger macro price floor for SOL at around the $75 mark.
Additionally, as that week ended, spot SOL ETF flows turned positive, recording $948,200 for the week ending July 17.
Even more, the number of new Solana addresses has risen by 0.5 million since July 18, indicating increasing network activity.
Source: CoinGlass
Key levels to watch forSOL faces a major volume barrier between the $76 and $85 mark on the UTXO Realized Price Distribution (URPD). Users traded about 125 million SOL in this region, making $85 the next ceiling to break through if SOL should target $100 and beyond.
Breaking below the $70 mark would turn the trend bearish, exposing the coin to a deeper correction near the next highly traded URPD baseline of $53.
Just recently, a hacker managed to drain $1.65 million from a Solana cross-chain bridge protocol. While highlighting the inherent security vulnerabilities in on-chain bridges, the event had little to no impact on SOL, with the coin gaining 2.2% in the past 24 hours to trade at $77.43 at press time.
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FOMO, the social trading app built on Solana, just posted its highest weekly revenue on record. In the seven days ending July 16, 2026, the platform generated approximately $1.39 million, a number that puts it in third place among all Solana protocols by weekly revenue, behind only Pump.fun.
To put that growth in context: FOMO was pulling in roughly $150,000 per week in late 2025. That is not a typo. The platform nearly 10x’d its weekly revenue in roughly eight months.
How FOMO actually makes money The platform earns through transaction fees on self-custodial swaps and builder code fees from Hyperliquid perpetual contracts. No governance token, no inflationary emissions.
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Of the $1.39M generated last week, approximately $1.34M came directly from Solana DEX activity. The concentration is notable. FOMO is, at its core, a Solana-native product that has found a repeatable revenue engine on one chain before expanding the thesis elsewhere.
$94M raised, 625,000 users, $4B in volume FOMO has raised a total of $94 million across three rounds. The journey started with a $2 million angel round in February 2025, followed by a $17 million Series A led by Benchmark in November 2025. Then, in June 2026, the company closed a $75 million Series B that valued it at $550 million.
On the user side, FOMO has crossed 625,000 accounts and has logged over $4 billion in cumulative trading volume since launching roughly a year before mid-2026. The platform has also recorded over 110 million social interactions in that same period.
The core premise is straightforward: combine a social feed with a trading interface, let users follow and copy top performers, and watch trading activity compound as social dynamics kick in.
At $1.39M per week, the platform is approaching an annualized revenue run rate that starts to make the $550 million valuation feel less like a bet and more like a multiple.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Grayscale staking ETF holders are set to receive staking rewards as direct cash payments under new SEC filings submitted by the asset manager on July 17, 2026. The amendments cover both the Grayscale Ethereum Staking ETF (ETHE) and the Grayscale Solana Staking ETF (GSOL), shifting from a model where rewards only boosted net asset value (NAV) per share.
Cash Distributions Replace NAV Compounding for ETHE and GSOL Holders The shift marks a meaningful change for investors in both funds. Previously, staking rewards accumulated inside the trust and were only visible as a gradual rise in share NAV.
Earlier this year, Grayscale already tested the model for Ethereum, distributing $9.39 million ($0.083 per share) from ETHE staking rewards earned in late 2025.
That distribution, which was covered as part of the previous Ethereum staking rewards distribution and inflows, paved the way for expanding the same framework to Solana.
Under the updated structure, staking rewards will be liquidated into USD and paid out to shareholders at least once per quarter.
Grayscale retains the option to distribute more frequently. Net proceeds are calculated after deducting sponsor fees, expenses, and staking fees.
GSOL, which was launched on NYSE Arca in late October 2025 after the Grayscale Solana ETF (GSOL) launch, currently stakes nearly 100% of its SOL holdings.
As of mid-July 2026, the fund holds approximately $97 million in assets and generates roughly 6.10% gross annualized staking rewards. Net yield after fees comes in near 5.03%.
Fee reductions effective June 25, 2026, also improve shareholder economics. The sponsor fee for GSOL dropped to 0.19% from 0.35%, while the staking fee fell to 7% of gross rewards from 23%.
These cuts mean a larger share of yield reaches investors directly.
For those tracking the evolution of this product, Solana ETF options and inflows highlighted growing institutional demand for yield-enabled crypto exposure even before this distribution update.
What This Means for Investors as Grayscale Expands Its Staking ETF Strategy The quarterly cash distribution model transforms Grayscale’s staking products from pure price-exposure vehicles into yield-generating assets.
Investors now receive visible, predictable income, a feature that mirrors traditional dividend-paying funds more than typical spot ETFs.
It also raises Grayscale’s competitive profile in the Grayscale staking ETF space.
Competing products that only reinvest staking rewards into NAV lack the transparent income flow that income-focused retail and institutional investors often prefer.
Stronger demand for both funds could support underlying ETH and SOL prices through increased buying activity from authorized participants.
This move fits into a broader strategic push detailed in the background on GSOL development, which showed the product was years in the making through investor dialogue.
It also aligns with Grayscale’s wider staking ambitions, including its broader Grayscale staking ETF trend seen in its updated S-1 filing for a HYPE ETF that also incorporates staking.
Investors should note that staking yields are variable. Distribution amounts will fluctuate based on network conditions, validator performance, and ETH or SOL prices at the time of reward liquidation.
Tax treatment, likely ordinary income, should be reviewed with a professional advisor. The products are not registered under the Investment Company Act of 1940.
Changes are expected to take effect around August 7, 2026, following the mandatory 20-day shareholder notice period triggered by the July 17 SEC filing.
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In brief Cross-chain bridge Allbridge has paused its Core protocol after an attacker stole about $1.65 million from its Solana stablecoin liquidity pools. The attacker used a $1.12 million flash loan from lending protocol Kamino to skew the pools' internal pricing, then extracted assets cheaply and bridged them to Ethereum. Allbridge told liquidity providers to withdraw and asked traders who profited from the resulting imbalance to return funds. Cross-chain bridge Allbridge has paused its protocol after an attacker drained roughly $1.65 million from its Solana liquidity pools in a flash loan attack, according to blockchain security firms and the project itself.
Allbridge lets users move assets between blockchains that don't natively communicate, and its Core product uses pools of native stablecoins such as USDC and USDT rather than minting wrapped tokens. On Sunday, the team said it had "paused the protocol as a precaution" while investigating, and urged liquidity providers to pull funds from affected pools.
Allbridge Core is experiencing a security incident.
We have paused the protocol as a precaution while we investigate.
If you have liquidity in affected pools, please withdraw now.
The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage… pic.twitter.com/Ovg7yT35SM
— Allbridge (@Allbridge_io) July 19, 2026
In a follow-up tweet, Allbridge noted that its team was "preparing a detailed breakdown" and post-mortem report, adding that "There is no threat to users liquidity right now" as it works to relaunch Core without liquidity pools.
How it happenedAllbridge confirmed an earlier tweet from security firm PeckShield putting the loss at around $1.65 million, which noted that the attacker had bridged the funds from Solana to Ethereum.
Fellow firm CertiK detailed the method, which saw the attacker borrow $1.12 million through a flash loan from Solana lending protocol Kamino, before running a rapid series of stablecoin swaps to distort the internal accounting that prices assets in Allbridge's pools.
With the pools mispriced, the attacker swapped a few thousand dollars of USDT for about $2.24 million in USDC before bridging the proceeds to an Ethereum address and scattering them across others. It isn't clear how much remains within reach.
The manipulation left Allbridge's pools lopsided, briefly letting other traders buy up the mispriced assets—a "temporary positive arbitrage window," as the team put it. The DeFi platform asked anyone who profited from that window to send the money to a designated address, saying it would "go directly toward compensating affected LPs." Its "goal is to return all affected funds," the team added.
Not the first timeIt's the second time Allbridge has been caught this way. In April 2023, a similar flash-loan exploit drained around $573,000 from its BNB Chain pools; the project later said it recovered most of the funds and reworked how it calculates liquidity and withdrawals. Allbridge raised $2 million in 2022 to expand the bridge and fund security audits.
Bridges and the liquidity pools that feed them have long been among DeFi's most-targeted infrastructure. More than $840 million was lost to DeFi hacks in just the first five months of 2026, with cross-chain systems repeatedly producing some of the largest single losses. Just last month, a bridge between Axelar and Secret Network was drained of $4.67 million after attackers exploited an "infinite mint" bug in a custom token contract.
Allbridge's protocol remains paused, and how much of the $1.65 million can be clawed back will hinge on tracing the bridged funds—and on whether the arbitrage traders it appealed to actually send the money back.
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Prediction market agent platform insiders.bot has officially announced its Token Generation Event (TGE) on the Robinhood Chain. Its token will be named $IN. Insiders.bot is one of Polymarket’s officially authorized trading platforms, and was previously backed by HackQuest and Solana. In addition, the platform has announced partnerships with prediction market-related projects including APRO Oracle and Billioin Live Streaming Platform, and its official roadmap will be launched on the 21st. Official information indicates that insiders.bot is expected to soon complete integrations with prediction market platforms such as Kalshi, World.xyz, Predict.fun, and Limitless.
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Grayscale Staking Payout Proposal Could Reshape Ethereum And Solana Trusts Grayscale is proposing changes that would allow staking rewards from its Ethereum and Solana products to be paid out to investors in cash, a move that could make crypto staking exposure easier to understand for traditional fund holders.
The proposed amendments apply to Grayscale’s Ethereum and Solana trust structures, with cash distributions of staking proceeds expected on a quarterly basis if the changes take effect. The target date identified in the validation materials is around August 7, 2026.
That matters because staking has always been one of the awkward pieces of regulated crypto products.
Ethereum and Solana are both proof-of-stake networks, meaning holders can earn rewards for helping secure the network. But once those assets sit inside trust or ETF-style products, the question becomes more complicated: who earns the staking rewards, how are they handled, and can investors receive them without breaking the structure of the product?
Grayscale’s proposal is an attempt to answer that question in a more investor-friendly way.
TL;DR Grayscale has proposed staking reward cash payouts for Ethereum and Solana products. The plan would distribute staking proceeds quarterly if implemented. The change could make ETH and SOL trust products more attractive, but payouts are not guaranteed. Why Staking Rewards Matter Staking is not a side feature for Ethereum or Solana. It is part of how the networks operate.
Validators lock tokens, participate in consensus, and earn rewards for helping secure the chain. For direct holders, staking can be a way to generate native yield. For institutional products, the situation is more complicated.
A trust or ETF-like vehicle may hold ETH or SOL on behalf of investors, but that does not automatically mean investors receive staking rewards. Custody rules, tax treatment, product documents, liquidity needs, and regulatory expectations all affect what a sponsor can do.
That is why Grayscale’s proposed change is important.
If staking proceeds can be distributed in cash, investors may get a cleaner way to benefit from network rewards without needing to manage validators, wallets, slashing risk, or direct staking operations themselves.
That could make the products easier to explain to advisers and institutions.
Instead of saying the fund holds a proof-of-stake asset but does not pass through staking economics, the structure could offer a more visible link between the underlying asset and its yield potential.
Ethereum And Solana Are Different Staking Stories The proposal also matters because Ethereum and Solana do not carry identical staking narratives.
Ethereum is the deeper institutional asset, with larger validator infrastructure, more established custody integrations, and a broader ETF conversation. Solana is faster-moving, more retail-heavy, and often trades as a high-beta layer-1 asset with strong ecosystem activity.
Both networks offer staking rewards, but investors may interpret those rewards differently.
For Ethereum, staking payouts could strengthen the argument that ETH is not just a price-exposure asset but also a productive network asset. That has been central to the institutional case for ETH for years.
For Solana, staking payouts could make regulated exposure more competitive by showing that SOL products can also capture network-level economics. If traditional investors are looking at Solana as a major layer-1 allocation, staking distributions may make the product structure more appealing.
Still, the details matter.
Cash payouts depend on actual rewards, expenses, timing, and product terms. They should not be treated as fixed-income payments or guaranteed dividends.
The Regulatory Angle Is The Real Test The staking debate has always had a regulatory shadow.
US regulators have spent years scrutinizing staking services, especially when they involve intermediaries pooling assets or offering yield-like products. For fund sponsors, the challenge is to capture staking rewards without creating a product structure that regulators view as problematic.
That is why formal amendments matter.
Grayscale is not simply adding staking casually. It is proposing changes through product documents and SEC-facing processes. That gives investors a clearer paper trail and gives regulators a chance to assess the structure.
If approved or allowed to proceed, the move could influence how other crypto product sponsors think about staking.
Ethereum and Solana products that pass through rewards could become more attractive than products that simply hold the asset without capturing yield. That may create pressure across the market for staking-enabled structures.
But the outcome is not automatic.
The proposal still depends on implementation, product approvals, operational execution, and whether the final terms are acceptable to regulators and investors.
Payouts Are Useful, But Not Guaranteed Investors should treat the proposal carefully.
Quarterly cash distributions sound appealing, but staking rewards vary. Network reward rates can change. Validator performance matters. Fees and expenses reduce proceeds. Tax treatment can affect what is distributed and when.
There is also slashing and operational risk, even if professional custodians and validators reduce that risk.
So the correct framing is not that Grayscale is creating a guaranteed yield product. It is that the firm is trying to pass through staking economics in a regulated wrapper.
That is still significant.
Crypto investment products are becoming more sophisticated. The first generation focused on access: can investors get exposure to Bitcoin, Ethereum, or Solana through familiar channels? The next generation is about whether those products can reflect more of the underlying network economics.
Grayscale’s proposal sits inside that second phase.
If it works, staking-enabled crypto products could become a larger part of institutional portfolios. If it runs into regulatory or operational friction, the market will learn where the limits are.
Either way, the proposal shows that staking is moving deeper into the regulated investment-product conversation.
This article is based on Grayscale SEC filing materials.
This article was written by the News Desk and edited by Samuel Rae.
Solana price has stalled near $76 after repeated failures at $80, as two ecosystem exploits, weak momentum, and geopolitical stress have kept traders cautious.
Summary
Solana price remains below $80 as security incidents weigh on trader sentiment. Bearish daily momentum contrasts with positive 4-hour capital flows near $76. Losing $73 could expose SOL to $70 and the mid-$60s region. According to data from crypto.news, Solana (SOL) price traded at $76.12 at the time of writing, down 0.34% on the daily candle after moving between $75.50 and $77.40. The token has gained only about 0.3% over the past seven days, compared with a 3% rise across the global crypto market.
Security concerns have weighed on sentiment throughout July. An attacker drained roughly $20 million from BonkDAO after spending about $4.4 million to acquire enough BONK to pass a malicious governance proposal. Only seven wallets voted, and the proposal received 99.9% approval.
Another attack hit Allbridge Core on July 20. crypto.news reported that the exploiter borrowed $1.12 million in USDC through Kamino, manipulated the protocol’s USDC-USDT pool and extracted more than $1.1 million before routing the funds through privacy tools. Some estimates placed the total liquidity loss near $1.65 million, while Allbridge paused the protocol and began investigating the incident.
Phantom also reported degraded performance for token transfers and swaps on July 12. Account balances and other wallet functions remained available, but the disruption added friction for users during a week in which SOL was already struggling to draw enough demand for a break above $80.
Network activity has provided little relief. Trading on Pump.fun and other speculative venues has fallen from previous peaks, reducing the fee activity that once accompanied Solana’s memecoin boom. Stablecoin balances on the network may offer deployable capital, but holders must exchange those assets for SOL before that liquidity can support the token directly.
Solana price must reclaim $80 to confirm a bullish reversal The daily chart places the main resistance at $79.96, where SOL’s early-July recovery failed, and sellers pushed the price back toward $75. A daily close above $80 would clear the psychological barrier and reopen the route toward the July swing high around $83, followed by the $90–$98 region.
Solana daily price chart — July 20 | Source: crypto.news According to analyst Daan Crypto Trades, SOL now sits at a decisive high-time-frame area where its next reaction could set the direction for the coming weeks.
“Either the bulls push through and set a higher low here to take a stab at the range high in the $90s. Or this rejects here and dribbles back down to that mid $60s area.”
Daily momentum has weakened since the early-July rally. The moving average convergence divergence line has dropped to 0.23, below its 0.63 signal line, while the histogram has slipped to minus 0.40. Buyers still control the medium-term structure above the daily Supertrend at $69.62, but the bearish MACD crossover leaves SOL exposed to another test of support.
On the 4-hour chart, SOL remains inside a descending parallel channel that began after the July 3 peak near $83. Price has reached the upper boundary around $76–$77, making a confirmed close above the trendline necessary before traders can treat the latest advance as a breakout.
Solana price is edging for a breakout from a descending parallel channel pattern on the 4-hour chart — July 20 | Source: crypto.news Conflicting momentum readings keep that setup unresolved. Aroon Down stands at 78.57%, compared with Aroon Up at 14.29%, giving sellers the stronger recent trend reading. Chaikin Money Flow, however, sits at 0.23, which shows that net capital flow over the measured period remains positive despite the lower highs.
The one-week liquidation heatmap shows concentrated leverage above the market at $77.50–$78.20, with another dense band near $78.80. A move through those levels could force short liquidations and help SOL retest $80. Smaller liquidity pockets sit near $76.40, while downside clusters around $74.20–$75 could draw price lower if buyers lose control of $75.41.
Solana liquidation heatmap | Source: CoinGlass Break below $73 would invalidate the recovery attempt Immediate support rests at $75.41, followed by the stronger daily level at $73.44. A close below the latter would weaken the higher-low structure and expose the lower edge of the 4-hour channel near $71. The Supertrend at $69.62 would then become the last major defense before Daan’s mid-$60s bearish target returns to view.
Macroeconomic conditions also threaten the setup. Renewed U.S.-Iran hostilities have pushed oil above $90 per barrel and lifted the average U.S. gasoline price back to $4, according to AP. Higher energy costs could keep inflation elevated and limit the Federal Reserve’s room to reduce interest rates.
The 10-year Treasury yield rose to about 4.56% on July 20, while the dollar index held near 100.8. Persistently high yields and a firm dollar could keep institutional portfolios defensive and restrict capital flows into volatile altcoins.
For bulls, the clean confirmation remains a daily close above $80 followed by a successful retest. Until then, SOL remains trapped between positive spot inflows on the 4-hour chart and a weakening daily momentum structure, with $73–$80 defining the next decisive range.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
rwa.xyz just launched a dedicated dashboard for tracking tokenized public equities and ETFs at app.rwa.xyz/stocks. The platform tracks 2,613 individual tokenized stocks with filtering by market share, transfer volumes, holder counts, and various chart types. The chain dominating this space isn’t Ethereum or Base. It’s Solana, processing roughly 95% of all on-chain tokenized equity volume.
The numbers behind Solana’s tokenized stock dominance Cumulative tokenized stock transaction volume on Solana exceeded $10 billion by June 2026. The first half of 2026 alone accounted for $4.9 billion, a sixfold increase from the previous half-year period.
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According to the rwa.xyz dashboard, the total distributed value of tokenized stocks currently sits at $1.85 billion, up 14.39% in just 30 days. Monthly transfer volumes reached $8.28 billion, marking a 52.87% jump. The dashboard reports 538,740 holders of tokenized stocks with approximately 120,000 monthly active addresses.
Who’s building on top of Solana’s rails Two platforms have emerged as the heavyweights in this space. Ondo leads with over 406 tokenized assets carrying a combined valuation of $851 million. xStocks follows with 183 assets valued at $481.6 million.
Backpack Securities introduced tokenized SpaceX shares on the company’s IPO day. The listing generated $108 million in transaction volume within 24 hours.
Solana’s broader RWA ambitions Solana’s total RWA value crossed $3 billion for the first time in June 2026, a milestone that encompasses tokenized treasuries, private credit, and other traditional financial instruments brought on-chain.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Solana co-founder Anatoly Yakovenko outlined the network's long-term development path. Comparing the blockchain's technological stages to the 12-year period between the beginning of the American Revolution and the signing of the U.S. Constitution, he made it clear that reaching the Nakamoto milestone will take years.
From AI infrastructure to securitySolana is currently at the stage of large-scale Model Context Protocol (MCP) deployment. It connects the blockchain with artificial intelligence, allowing AI agents to natively analyze the network and manage wallets. However, Yakovenko is looking beyond the current hype surrounding AI.
His goal is the Nakamoto standard, which means a radical increase in the Nakamoto coefficient. This metric shows how many validators would need to be controlled to block or censor a blockchain.
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The same amount of time will pass between full mcp and Nakamoto as between the constitution and the revolution 🇺🇸
— toly 🇺🇸 (@toly) July 20, 2026 Solana's current score stands at around 20, heavily restricted by data center concentration and geographic staking clusters.
The goal of the new architecture is to raise it to a level that would make the network physically resistant to any external pressure, effectively distributing consensus power far beyond the current top-tier validation firms.
Why does this matter?Solana has already addressed its technical problems with speed and outages through the release of the ultra-fast Firedancer client, which pushed hardware efficiency limits to over one million transactions per second in test environments, introducing vital client diversity to eliminate single points of software failure.
But high speed is useless if the network can still be censored.
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In this context, Yakovenko's statement is not just another tweet, but the formalization of a new strategic plan in which Solana moves beyond its status as a "fast and cheap network for coins" and begins a direct expansion into Ethereum's territory, targeting its main advantage — long-term reliability and decentralization for institutional users, thereby positioning SOL as a sovereign, uncensorable Layer-1 asset capable of meeting strict global regulatory compliance standards.
Solana has become an unstoppable force of Internet Capital Markets.
Performance is no longer a limitation. The NFT mints and memecoin launches of yesteryear have battle-tested Solana’s infrastructure to a point where global-scale market events that wreak havoc across CEXs, (see 10/10, the $SPCX IPO, and the $PUMP ICO) are executed seamlessly onchain.
Onchain asset diversity has never been wider. Solana’s RWA explosion has brought stocks, commodities, and exotic collectibles to a worldwide onchain economy. Prediction markets are reinventing the financialization of the living world, and Conditional Markets are pricing the impact of these events.
Tokenization and blockchain rails are enabling new financial paradigms every year, and Solana remains the most fertile ground for innovative, experimental ideas that push the boundaries of what markets know to be possible.
The promise of bringing efficient, self-custodial global markets to anyone with an internet connection has finally been realized.
Solana is the Everything Exchange - but that arguably asks more questions than it answers:
Just because you can trade anything, at any time, from anywhere in the world, doesn’t necessarily mean you should.
So what’s the trade?
The Problem with Today’s Trading Shows 𝕏 is a noisy place. The watercooler of the new financial world, 𝕏 suffers from a relentless inundation of content. Bloomberg analysts and trillion-dollar asset managers share the floor with crypto’s degens and memecoin traders, while quantum researchers and chip technicians argue with a guy who read something on Substack and “heard rumours about an Anthropic deal”.
Despite their various backgrounds and credentials, one thing unites all the commentators - everyone has a thesis, an opinion, and ultimately, an asset they want you to buy.
Trading shows have become a common outlet for market participants to pitch their theses. Traders, industry experts, or people with large followings, go live, outline a trade, and the host confirms their bias with some supporting commentary about how it’s a "good take", or "makes sense".
Then nothing happens. No trades are taken, no thesis is challenged, no record is kept and no responsibility is taken for trades that go badly.
I think Solana’s traders deserve better.
What is tradingFloor? tradingFloor blends the speculative thrill of markets with the objective, skeptical eye that has made SolanaFloor one of crypto’s most-trusted news outlets and media companies.
Every week, a curated group of elite traders, analysts, and founders step onto the tradingFloor to pitch a trade. Anything is permissible, as long as it is tradable on Solana, the Everything Exchange.
After the guest pitches their trade, SolanaFloor hosts dissect and challenge the thesis. We’ll poke holes in the trade, question the catalysts, consider the threats, and compare the asset against its competitors. At the end of the show, our hosts will either accept the trade and take a position via JTX, or reject the thesis.
Guided by the theses of industry and market experts, the tradingFloor hosts will manage an onchain portfolio. Regardless of each host’s decision, every trade will be tracked on perp.so, tracking the performance of all tickers and guests mentioned on tradingFloor.
Instead of adding blind bullish optimism to every ticker called out on 𝕏, tradingFloor encourages traders to take a step back, and view every pitch from an objective point of view. Trades should be intentional, discerning, and calculated, rather than apocalyptic YOLO-plays derived from shills on the timeline.
Want to Get Involved? If you’re a value investor who’s researched an undervalued stock, an elite trader who’s spotted a high-probability setup, a bear foreseeing the end of a bubble, or any kind of market participant with a thesis, contact SolanaFloor, or tradingFloor hosts Finn and Thomas Bahamas to book an invite to the show.
Have a thesis, but feeling camera-shy? Submit your trade on perp.so, and our hosts will review it live on stream. Submissions are historically recorded with entries and exits, tracking every trades from the tradingFloor viewership.
tradingFloor Season 1 begins 11AM ET, Wednesday 22nd July.
So, what’s the trade?
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Solana Memecoin Traders Flock to RobinHood - Will it Last?
Solana Mobile is betting that the best way to get people using crypto on their phones is to make them break a sweat first. Round 2 of the Seeker Summer campaign now features Moonwalk Fitness, a dApp that essentially lets you wager tokens on whether you’ll actually hit your step count.
Participants need to deposit 100 MF tokens by July 28 to qualify for the fitness quests, which blend health tracking with on-chain staking mechanics. The broader Seeker Summer campaign launched on July 7 and runs through August 30, spanning four rounds of quests across 16 apps on the Solana dApp Store.
How Moonwalk Fitness actually works Users deposit digital assets, including SOL, USDC, or BONK, into step-challenge pools. Complete your fitness goals, and you get your deposit back plus a share of the stakes forfeited by people who didn’t follow through.
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On top of reclaiming deposits, successful participants earn experience points that can be redeemed for additional MF tokens.
Seeker device owners get a meaningful edge here. Solana Mobile is offering a 20% XP boost within the Moonwalk app for anyone using the Seeker smartphone.
Moonwalk Fitness raised $3.4 million in seed funding back in October 2024 from investors including Hack VC and Binance Labs.
The bigger Seeker Summer picture Round 1 featured TokenRun by GEODNET, a real-world treasure hunt experience that kicked things off on July 7. Each round introduces a different app with distinct quest mechanics, and participants earn badges that get stored in the Seed Vault Wallet. The campaign spans 16 total apps across its four rounds.
What this means for investors Tokens directly tied to the campaign, particularly MF and SKR, could see short-term demand spikes as users acquire them to participate in quests. The requirement to deposit 100 MF tokens by July 28 creates a clear demand catalyst with a specific deadline.
Moonwalk’s $3.4 million seed round from Hack VC and Binance Labs suggests institutional belief that fitness-crypto hybrids have legs. StepN proved in 2022 that move-to-earn could generate massive user acquisition, even if retention proved challenging. Moonwalk’s staking-based accountability model addresses the retention problem more directly by creating real financial consequences for dropping out.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Solana blockchain has seen a significant increase in liquidity with the addition of $250 million in USD Coin (USDC), according to a report from @martypartymusic on social media. This influx of USDC, which is the native SPL-token version issued by Circle, represents a substantial injection of dollar-denominated capital into Solana’s decentralized finance (DeFi) and exchange ecosystems. The development aligns with Circle’s recent strategy of aggressively minting USDC on Solana, following a series of billion-dollar issuances in mid-2026. Solana is increasingly recognized as a hub for high-velocity exchanges of on-chain perpetuals and memecoins, with platforms like Jupiter and Raydium benefiting from this liquidity expansion.
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Key Takeaways The reported $250 million increase in USDC liquidity on Solana appears consistent with Circle’s broader minting strategy on the blockchain. Market pricing suggests this liquidity surge could enhance Solana’s attractiveness as a DeFi platform, potentially increasing activity and interest in SOL. Despite the potential positive impacts, the information originates from a social media account, suggesting a need for cautious interpretation of its implications. What to Watch Market participants will be keenly observing whether this liquidity boost will translate into increased activity on Solana’s DeFi platforms. Key indicators include any shifts in Solana’s price dynamics, particularly in the context of ongoing predictions about its price movements in July. Developments such as major upgrades or announcements from Solana Labs could further influence market perception and activity. Additionally, any new issuances or strategic moves by Circle on Solana will be closely monitored for their potential impact on the ecosystem.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 8% — — 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 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 2.5% — — 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 24.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Bitcoin slipped to around $63,900 on Monday before recovering to $65,000 and holding above that level, as markets reacted to fresh reports of a possible pause in the U.S.-Iran conflict.
Reuters reported that Iranian mediators have proposed a 10-day ceasefire to allow talks aimed at reviving the previous interim agreement between the U.S. and Iran. The report pushed WTI crude oil down to around $80 a barrel and helped Bitcoin climb to $65,000.
Bitcoin remains up over 3% over the past week despite the uncertainty. The broader crypto market held strong, with Solana and Ether down less than 0.5% over 24 hours. Hyperliquid’s $HYPE remained one of the weakest major tokens, falling 5% over the week to around $62.
Solana Recovers From $74.25 Low Solana has also staged a gradual recovery after falling as low as $74.25 last week.
$SOL began climbing steadily on Friday, July 17, and sharply spiked past $77 on Monday, although it remains sensitive to broader risk sentiment and geopolitical developments.
Bitcoin ETF Inflows Turn Positive for 2 Straight Weeks U.S.-listed spot Bitcoin ETFs recorded $75.7 million in net inflows last week, according to SoSoValue, marking their second consecutive week of positive flows.
The funds attracted $197.4 million the previous week, bringing July’s net inflows to $200.2 million. However, the recovery remains modest compared with the $4.5 billion in net outflows recorded in June. Total ETF flows for 2026 remain negative at $5.2 billion.
Bloomberg ETF analyst Eric Balchunas compared Bitcoin ETFs with the historical trajectory of gold ETFs, arguing that both products may experience rapid adoption followed by periods of weaker performance.
He suggested Bitcoin ETFs could go through cycles of strong gains, painful drawdowns and recoveries that potentially establish higher highs over time.
Strategy Adds $225M to Cash Instead of Buying Bitcoin Michael Saylor’s Strategy sold $263.5 million in common stock last week and directed $225 million toward its cash reserves, according to a Monday filing.
The move increased Strategy’s cash reserve to $3.225 billion, enough to cover roughly 22 months of dividend payments on its high-yielding $STRC preferred stock.
Strategy continues to hold 843,775 BTC. However, the company has now gone 2 consecutive weeks without buying Bitcoin, instead directing capital raised from stock sales toward strengthening its cash position.
$PUMP Hits 2-Month High After Ansem Reveals Position Pump.fun’s $PUMP emerged as a notable exception to the weaker altcoin market, surging more than 17% to become the top-performing cryptocurrency among the top 100 top cryptocurrencies.
The token reached an intraday high of $0.00207, its strongest level since May 12, and is currently trading close to that level.
$PUMP had 82.5 billion tokens unlocked on July 12 as a result of the expiration of a vesting cliff for the allocation to team members and investors. Surprisingly, the price action has held strong and is now over 40% up since the unlock. The recent rally began Sunday when $PUMP jumped from roughly $0.0016 to $0.0019 after crypto trader Ansem disclosed a new $PUMP position and outlined a bullish view on the memecoin launchpad.
Crypto Fear and Greed Index Remains in “Fear” Despite Bitcoin’s recovery above $65,000, broader crypto market sentiment remains cautious. CoinMarketCap’s Crypto Fear and Greed Index currently sits at 35, firmly in “Fear” territory. However, sentiment has improved from a reading of 28 last week and 22 last month, while remaining unchanged from yesterday’s reading of 35.
The gradual improvement coincides with Bitcoin’s rebound and the return of positive spot Bitcoin ETF flows. However, persistent geopolitical uncertainty, elevated oil prices and pressure across global equities continue to weigh on risk appetite.
The index suggests traders remain hesitant to fully embrace the recovery, making Bitcoin’s ability to hold and decisively break above $65,000 particularly important for near-term sentiment.
Read More on SolanaFloor Houdini Brings Private Wallet Funding to Pump.fun's Terminal as Traders Debate What It Means
10 Crypto Hacks in July Already: DeFiTuna Becomes the Latest Victim With $580K Exploit
The attacker used a $1.12 million Kamino flash loan to skew Allbridge's Solana stablecoin pools, then bridged the proceeds to Ethereum, security firms said.
Cross-chain protocol Allbridge paused its Core bridge on July 20 after an attacker drained roughly $1.65 million from its Solana liquidity pools, according to blockchain security firms PeckShield and CertiK.
"Allbridge Core is experiencing a security incident, and the protocol has been paused as a precaution," the team said, warning liquidity providers: "If you have liquidity in affected pools, please withdraw now."
Allbridge Core moves native stablecoins such as USDC and USDT across chains using liquidity pools, rather than issuing wrapped tokens. The attacker took out a $1.12 million flash loan — a loan borrowed and repaid within a single transaction — from Solana lending protocol Kamino, then rapidly swapped USDC and USDT to distort the pools' internal ratios before withdrawing assets at favorable rates, on-chain analyst Onchain Lens reported.
The stolen funds were bridged to an Ethereum address and dispersed across additional wallets. Allbridge said the manipulation left its pools imbalanced, creating a temporary arbitrage window, and asked traders who profited from the distortion to return funds to compensate affected liquidity providers.
A Repeat of 2023The incident echoes a flash loan attack in 2023 that drained roughly $650,000 from Allbridge's BNB Chain pools. In its postmortem at the time, Allbridge committed to deploying a single liquidity pool per chain, an architecture intended to make same-transaction flash loan manipulation structurally impossible.
The July exploit targeted a USDC and USDT pool operating side by side on Solana — the multi-stablecoin configuration the earlier fix was meant to eliminate. Allbridge said it recovered most of the funds after the 2023 incident.
The protocol has not published a final accounting of how much of the $1.65 million remains under the attacker's control or laid out a timeline for resuming operations.
Solana’s native token, SOL, has shown signs of recovery, near $76.68 after a 1.66% increase over the past 24 hours. This rebound follows Bitcoin’s recent surge past $65,000, which has since retracted slightly to around $64,750. Despite the uptick in SOL’s price, market sentiment remains cautious, with negativity peaking earlier in the month and volume falling to its lowest level of 2026. This sentiment is influenced by SOL’s current price being approximately 74% below its all-time high of $293. The news comes amid broader market optimism due to Bitcoin’s performance, though participants remain wary of Solana’s trajectory.
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Key Takeaways Market activity suggests some recovery in Solana’s price, consistent with a 1.66% increase alongside Bitcoin’s brief surpassing of $65,000. Despite the price recovery, sentiment toward Solana remains negative, suggesting participants’ fear due to low volumes and significant distance from its all-time high. The pricing of Solana’s market indicators suggests a potential, but cautious, upside, with expectations of a moderate increase in price following Bitcoin’s influence. What to Watch Market participants will be monitoring Solana’s ability to sustain its current price levels or possibly rise further, especially if Bitcoin continues its upward momentum. Key indicators to watch include any significant changes in volume and sentiment shifts, which could influence Solana’s market trajectory. Additionally, developments such as Solana’s technological upgrades or regulatory news affecting crypto markets could impact the likelihood of SOL reaching higher price targets, such as $90 by the end of July.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 8.5% — — 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 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.5% — — View market → August 1 2026 2.5% — — 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 22.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
From Ballard Backyard to BlockchainA compact, unusually shaped raccoon roaming Seattle's Ballard neighborhood has become one of the internet's most unlikely stars. Kiana Hall filmed the animal on July 14 after it emerged from beneath a parked car near the Ballard Goodwill, posted the clip online, and named it "Jimothy." Within days, the video had drawn millions of views across social media platforms.
The raccoon's distinctive look comes down to a suspected medical condition. Experts believe Jimothy has a rare condition called short spine syndrome, which gives him his unusually compact appearance. The condition shortens the spine and limits neck and body flexibility, creating the raccoon's distinctive look, though veterinarians note the diagnosis remains unofficial since the animal has not been physically examined. Despite the deformity, Jimothy appears healthy and active, with sightings reported around Ballard in recent weeks.
The cultural moment has grown well beyond social media. A mural of Jimothy appeared behind Ballard Clay, painted by artist Andrew Miller after watching the neighborhood embrace the unlikely celebrity. A Seattle councilmember plans to present a formal "Jimothy Summer" proclamation on July 26, and the University of Washington has bestowed an honorary "Dr. Jimothy" degree on the raccoon.
The $Jimothy Memecoin TradeJimothy The Raccoon ($JIMOTHY), a Solana memecoin named after the viral Seattle raccoon, jumped 186% in 24 hours, with its market cap trading near $12.6M on Pump.fun at the time of writing. Anonymous developers launched the token this week, and traders piled in within hours of its Solana debut. Pump.fun's official account reposted the token on X, pushing it in front of an even larger trading audience.
$JIMOTHY's trading volume topped $36 million in a single day, a significant number for a token of its size. However, the token is already well off its all-time high. It peaked near a $22.7M market cap before pulling back, a reminder that memecoins live and die by the attention cycle. Financial experts warn the memecoin's rally may not survive the news cycle. Standard risk warnings apply. This is not financial advice.
Sources:
BeInCrypto: Jimothy The Raccoon Solana Token Climbs 186%
KING 5: Viral raccoon Jimothy inspires mural, tattoos and Seattle proclamation
KIRO 7: Eccentric-looking Seattle raccoon named Jimothy goes viral
Solana co-founder Anatoly Yakovenko has presented a detailed roadmap for the blockchain’s future, signaling a strategic shift in focus from speed and efficiency to deeper decentralization and resilience. Yakovenko likened Solana’s current phase to the 12-year journey from the start of the American Revolution to the adoption of the U.S. Constitution, emphasizing that significant milestones in decentralization will require years to achieve.
Solana’s current technological phaseAt present, Solana is deploying the Model Context Protocol (MCP) at scale. MCP is designed to enable seamless integration of artificial intelligence with the blockchain, so that AI agents can directly interact with the network and manage wallets natively. This marks a move toward infrastructure that supports next-generation blockchain applications well beyond current industry trends surrounding AI.
Mini dictionary: Model Context Protocol (MCP) – A protocol enabling direct, native interaction between AI agents and the Solana blockchain for real-time analysis and wallet management.
Yakovenko, a key architect behind Solana, stated that his attention is set beyond the AI narrative. Instead, he sees the next major target as achieving the “Nakamoto standard,” a term describing dramatic improvements in the Nakamoto coefficient—a metric representing the number of independent validators necessary to block or censor the network.
The Nakamoto coefficient and decentralization goalsCurrently, Solana’s Nakamoto coefficient hovers near 20, a figure limited by validator centralization in concentrated data centers and geographic clusters. Yakovenko sees this as a critical vulnerability for the network’s sovereignty and security, as a small group of operators could, in theory, control or disrupt the network.
Plans for a new architecture are being put in place to significantly increase this number. The intention is to distribute consensus power widely, reducing reliance on a handful of top-tier validation firms and making it extremely difficult for external actors to censor or manipulate network operations.
MetricSolana (Current)TargetNakamoto Coefficient~20Significantly higher (undisclosed)Validator DistributionClustered, data center dependentDiversified, globally distributedConsensus ResistanceVulnerable to concentrated controlResistant to external pressureTechnical advancements and strategic directionSolana has already made significant strides in solving earlier challenges related to speed and network stability. The integration of the Firedancer client, developed to maximize hardware performance, has allowed Solana to achieve speeds exceeding one million transactions per second in test settings. In addition, Firedancer introduces client diversity, reducing risks tied to single points of software failure.
Mini dictionary: Firedancer – A high-performance independent validator client for Solana, designed to increase scalability, improve security, and offer software redundancy for added network stability.
Yakovenko highlighted that speed is not the sole marker of network success. “High speed is useless if the network can still be censored,” he argued, indicating that true value lies in establishing censorship resistance through broader decentralization.
Yakovenko emphasized that the long-term vision is to transform Solana from a fast, low-cost transaction platform to a sovereign, uncensorable Layer-1 blockchain fit for global institutional adoption and regulatory compliance. He stressed that achieving the Nakamoto milestone is a process that will take considerable time and continued innovation.
These developments position Solana to compete directly with Ethereum, particularly as institutions seek platforms offering both speed and robust decentralization. Increasing the Nakamoto coefficient and building resilient client infrastructure are seen as essential steps for making SOL a truly sovereign and globally compliant asset.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cross-chain bridge protocol Allbridge has suspended its Core protocol following a flash loan attack, with the attacker stealing approximately $1.65 million in assets from Solana stablecoin liquidity pools. According to analysis from blockchain security firms PeckShield and CertiK, the attacker borrowed $1.12 million in flash loan funds via Solana lending protocol Kamino, then manipulated the price mechanism in Allbridge’s pools through multiple stablecoin swaps to convert assets at a discounted rate before bridging the funds to an Ethereum address. During the attack, the attacker used thousands of dollars in USDT to obtain around $2.24 million in USDC, then bridged the funds to Ethereum and further dispersed them. It remains unclear whether any of the stolen funds can still be recovered. Allbridge said its team suspended the Core protocol for security reasons and is asking affected liquidity providers to withdraw their funds immediately. The attack caused liquidity pool imbalances, allowing some traders to profit from arbitrage opportunities. Allbridge is calling on these users to return their gains, noting the funds will be used to compensate affected LPs. The team added that user funds face no further risk at present, and will release a detailed incident analysis after completing its investigation, while planning to relaunch the Core protocol with liquidity pools removed. This is Allbridge’s second similar flash loan attack. In April 2023, the protocol’s BNB Chain liquidity pool lost approximately $573,000 due to a similar vulnerability; the project later stated it had recovered most of the funds and adjusted its liquidity calculation mechanism.
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According to official announcements, Native Markets has announced that the USDH official website has been sunset. Over the coming months, users will still be able to redeem and exchange USDH for U.S. dollar assets at a 1:1 ratio via the redemption page provided by the Bridge. Native Markets stated that the final exit procedures for USDH and related information will continue to be made available through the USDH official website.
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Morgan Stanley analyst Joseph Moore noted that following discussions with multiple data center procurement personnel last week, the current tight memory supply shows no signs of easing. DRAM and other memory products are expected to rise by at least 25% on a comparable basis from the second quarter to the third quarter, a figure higher than previous forecasts from Morgan Stanley and third-party institutions. Moore added that the memory shortage could further deteriorate in 2027 and 2028, as AI demand is consuming massive DRAM capacity, squeezing supplies for other sectors such as PCs and smartphones. Morgan Stanley further holds that the current market is not only grappling with surging memory demand driven by AI, but insufficient memory supply itself is emerging as a key bottleneck limiting AI expansion.
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Tokenized stocks just crossed a threshold that would have seemed ambitious two years ago. The sector hit a record market cap of $2.3 billion around mid-July 2026, according to data from Token Terminal, nearly doubling since March 2026 when the total first cleared $1 billion.
Who’s building it and where it lives Ethereum leads the chain-level race with 34% of tokenized stock market share, followed closely by BNB Chain at 30% and Solana at 23%.
On the issuer side, Ondo Finance sits at the top with $955 million in onchain equities, making it by far the largest single player in the space. Kraken’s xStocks product holds $507 million, and Binance’s bStocks rounds out the top three at $334 million.
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Kraken’s xStocks launched in April 2025, and cumulative trading volume on the platform exceeded $25 billion within eight months of launch.
Solana’s tokenized stock market cap reached $539 million by June 2026, and trading volumes on the network saw a sixfold increase totaling $4.9 billion in the first half of 2026 compared to the second half of 2025.
Why this is bigger than the numbers suggest Tokenized stocks currently represent about 5.5% of the overall tokenized real-world asset market.
The core value proposition here is access. Tokenized stocks enable fractional ownership, run on blockchains that operate around the clock, and are accessible to non-U.S. investors who historically faced the highest barriers.
NYSE’s partnership with Securitize is working to expand tokenized equity offerings and enable 24/7 trading, which would be a structural change from the current model of market hours constrained by exchange operating times.
What this means for investors Liquidity is improving as platforms scale, but it is still nowhere near the depth of conventional exchanges. Ondo Finance, Kraken, and Binance each have different structures for how underlying shares are held, custodied, and redeemable, and those structural differences carry different risk profiles.
Ondo Finance’s lead comes partly from its integration with DeFi protocols, meaning tokenized stocks can be used as collateral, lent out, or traded in automated markets, not just held.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
AllBridge halted its core protocol after a flaw in its liquidity pools was exploited, resulting in a $1.65 million loss. The hack draws attention to the increasing threats to the security of cross-chain bridges with sizable liquidity pools. Cross-chain platform AllBridge Core shut down its operations following a security issue that resulted in the loss of $1.65 million on Sunday. The hack specifically occurred within the AllBridge Core deployment on the Solana blockchain. The attacker transferred the funds stolen via the bridge from Solana to the Ethereum blockchain. The hacker swiftly transferred the stolen funds through privacy pools to cover his tracks.
The perpetrator executed a well-thought-out flash-loan strategy to influence the exchange rate in the pool for stablecoins. As per on-chain data, the hacker took out a loan of $1.12 million in USDC from the lending platform Kamino. Quick switching between USDC and USDT led to a price imbalance within the pool balance. This price imbalance created a favorable arbitrage opportunity for the perpetrator.
The exploiter then took the liquidity from the pool at exaggerated prices to gain huge profits. The profit earned after repayment of the Kamino loan was retained by the perpetrator as loot. The entire trade reveals major flaws in the mathematical equation of the automated market maker pricing system.
Allbridge Core is experiencing a security incident.
We have paused the protocol as a precaution while we investigate.
If you have liquidity in affected pools, please withdraw now.
The resulting pool imbalance created a temporary positive arbitrage window. If you took advantage… pic.twitter.com/Ovg7yT35SM
— Allbridge (@Allbridge_io) July 19, 2026 Recurrent Cross-Chain Bridge Attacks This particular event marks the second instance of an attack on Allbridge Core via a flash loan hack, after a previous $573,000 heist targeting its BNB Chain pools in April 2023. In addition, pausing the bridge would mean that there are operational delays, with the process of sending funds across chains coming to a temporary halt. This would have implications not only for trading operations but would reduce the possibility of the liquidity needed by traders and institutions being moved across.
At the same time, there is a threat that long-term protocol outages will mean the loss of revenue streams due to reduced transactions, thus making users and liquidity providers consider alternative means of bridging. Finally, security pauses in cross-chain protocols act as a reminder about the security challenges associated with liquidity pools, thus requiring investors to change their risk management strategy for bridges.
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Retail investors holding Grayscale’s cryptocurrency trusts could soon see quarterly cash payouts flowing from staking rewards, moving beyond simple price exposure. The asset manager is preparing to amend the trust agreements for its Ethereum Staking ETF (ETHE) and Solana Staking ETF (GSOL) to allow the conversion of staking rewards into cash and subsequent distribution to shareholders, according to a report shared by WuBlockchain. If the changes go through, the first distributions could kick in as early as August 7, with payment timing and amounts dependent on staking rewards earned, fund expenses, and tax considerations.
The move formalizes what Grayscale has already experimented with. ETHE previously converted staking rewards accrued between October 6 and December 31, 2025 into cash, distributing approximately $9.39 million — or roughly $0.083 per share. That earlier distribution, while modest, set a precedent. Now the firm wants to make quarterly payouts a standard feature of the funds, turning a one-off event into a recurring income stream for holders.
Competitive Pressure and Institutional Demand Grayscale’s decision doesn’t happen in a vacuum. Ethereum and Solana both rely on proof‑of‑stake consensus, meaning validators earn rewards for helping to secure the networks. For ETF providers, capturing those rewards and passing them to investors is becoming a competitive differentiator. As reported in BlockchainReporter’s recent Top 10 Blockchains by Developer Activity This Week, Ethereum and Solana continue to lead in developer engagement, underscoring the durability of those networks’ staking mechanisms. The more active the network, the more predictable the reward flow — and the easier it is to build a reliable distribution model.
While some crypto‑native exchanges and staking services already offer yield products, regulated fund structures have been slower to embrace direct reward distributions. Grayscale’s approach mirrors, in certain ways, the institutional staking momentum seen elsewhere. For instance, a Nasdaq‑listed firm’s staking involvement was a key driver behind the SUI token’s 18% surge, as detailed in a separate BlockchainReporter analysis. The cash distribution model, however, is distinct: it detaches the yield from the underlying token’s volatility, offering a fixed‑ish payout in dollars rather than accumulating staking derivatives. That simplicity could attract advisors and conservative investors who want yield without the operational headache of managing staking themselves.
What Remains Unclear Despite the clear product logic, significant questions linger. Grayscale specifically notes that payouts will depend on tax considerations, and the tax treatment of staking rewards — particularly when funneled through a trust or ETF — remains a grey area in the US. The Internal Revenue Service has issued some guidance on staking income, but applying that to a publicly traded fund structure with quarterly distributions adds layers of complexity. A misstep here could saddle investors with unexpected tax obligations, something the fund’s disclosures will need to address bluntly.
Regulatory posture is another unknown. The SEC has historically been cautious about staking services within exchange‑traded products, and while Grayscale’s ETFs have already launched, the shift to regular cash distributions might invite a closer look. If the agency interprets these payouts as a securities‑like dividend rather than a straightforward return of blockchain rewards, it could demand additional safeguards. For now, Grayscale appears to be moving ahead, betting that the operational details and disclosure framework will satisfy both the SEC and investors’ demand for yield in a low‑volatility wrapper.
What’s certain is that the clock is ticking toward August 7. If the amendments take effect, ETHE and GSOL holders will find themselves in the unusual position of earning fiat‑denominated income from assets that exist purely in code. That alone rewrites expectations for what a crypto ETF can be.
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Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
Allbridge has asked users to withdraw liquidity immediately after a $1.65 million exploit.
Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield.
The firm said the attacker has already bridged the stolen funds from Solana to Ethereum.
Allbridge Responds Allbridge confirmed experiencing a security incident and that the protocol has been paused as a precaution while the team investigates. The project also urged users with liquidity in affected pools to withdraw their funds immediately.
According to Allbridge, the exploit created a temporary positive arbitrage opportunity due to an imbalance in the affected liquidity pools. The team asked anyone who profited from the arbitrage to voluntarily return the funds, while adding that they would be used to compensate affected liquidity providers.
Meanwhile, blockchain security firm Onchain Labs explained that the exploit began with a $1.12 million USDC flash loan obtained from Kamino on Solana. The attacker allegedly used rapid USDC and USDT swaps to manipulate Allbridge Core’s stablecoin pool ratios before withdrawing liquidity at distorted rates, repaying the flash loan within the same transaction, and extracting the funds. Onchain Labs added that the stolen assets were later moved through privacy protocols for mixing.
Allbridge has faced a similar attack before. In April 2023, the protocol lost around $573,000 in a flash loan exploit on BNB Chain. The attacker took advantage of a bug in the smart contract to manipulate token swap prices, which allowed them to steal about $289,900 in BUSD and $290,900 in USDT.
A String of Bridge Exploits Cross-chain bridges remain a favorite target for hackers. In April, Syndicate Labs lost about $330,000 worth of SYND tokens after a leaked private key let an attacker take control of its Commons bridge contracts.
You may also like: Ethereum Tops $1,900 in a Six-Week High, Where to Next For ETH? Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue Expert: Bitcoin Faces $8B Attack Risk, Ethereum More Secure A month later, the Verus-Ethereum bridge was exploited for more than $11 million because one of its contracts failed to validate transactions properly, although most of the funds were later returned.
In June, the Ethereum Layer 2 network Taiko told users to pull their assets from its bridges after attackers stole $1.7 million from one of its bridge protocols.
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The non-USDC/USDT stablecoin supply on the Solana blockchain has reached a significant milestone, hitting an all-time high of $4.81 billion. This growth is primarily driven by the increased adoption of USD1 and USDG, which are linked to World Liberty Financial and Global Dollar respectively. These stablecoins are contributing to a notable diversification in Solana’s stablecoin market, previously dominated by USDC and USDT. The surge in supply suggests an accelerated shift towards alternative stablecoins within the ecosystem, reflecting broader trends in both retail and institutional demand for diversified, yield-bearing assets.
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Key Takeaways The non-USDC/USDT stablecoin supply on Solana appears to have reached a record high, driven by USD1 and USDG. This increase suggests enhanced market diversification, consistent with broader adoption of alternative stablecoins on Solana. The current stablecoin supply level indicates a significant portion of Solana’s total stablecoin market, suggesting rising interest in protocol-specific stablecoins. What to Watch Markets will be observing whether this trend continues, potentially affecting Solana’s liquidity and broader market confidence. Key indicators include any further increases in stablecoin supply and their impact on Solana’s price dynamics, particularly in the context of reaching the $90 price target in July. Developments in related markets, such as institutional adoption or regulatory changes, could also influence future movements. Watch for any announcements from Solana Labs, regulatory bodies, or major financial institutions that could affect the stablecoin landscape on the platform.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 3.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 36% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market →
Key Takeaways SOL currently trades between $74 and $76, experiencing a decline of more than 3% over the last 24 hours with trading volume reaching $1.65B Technical analyst Ali Martinez identifies a monthly TD Sequential “9” buy indicator on Solana’s price chart Liquidation data reveals long position holders suffered losses of $13.06M out of a total $14.37M in 24-hour liquidations Crypto Patel maintains that SOL’s long-term projection of $500 stays intact provided price action remains above the 0.5 Fibonacci retracement Critical resistance and support zones: $77.35 marks the bullish flip level, while $70–$75 represents crucial support territory Solana (SOL) is currently positioned at $75.97, showing a 1.49% increase over the previous 24-hour period. The digital asset has generated $1.88 billion in daily trading activity, maintaining a market capitalization of $44.26 billion.
Solana (SOL) Price While SOL has experienced a modest bounce, the asset remains in negative territory with a 5.9% decline across the seven-day window and an 8.9% decrease over two weeks. However, the cryptocurrency maintains a positive 2.6% gain on the monthly timeframe.
Technical analyst Ali Martinez has identified a significant monthly TD Sequential “9” buy indicator on Solana’s price chart. This technical formation emerged following a substantial downturn from above $245 in late 2024 to approximately $76.62.
The TD Sequential indicator has materialized after a prolonged bearish phase and suggests diminishing selling pressure. Technical signals occurring on monthly charts typically carry greater significance compared to those appearing on shorter time intervals.
To confirm the bullish setup, SOL must recapture the $80–$85 price range. A decisive monthly closure above $100 would provide stronger evidence of a macro trend reversal. Conversely, a breakdown below the $70–$75 zone would compromise the bullish thesis and potentially trigger a move toward $60.
Critical Fibonacci Retracement Supports Long-Term Price Projection Market analyst Crypto Patel maintains that Solana’s ambitious $500 price projection remains achievable, contingent upon maintaining support above the 0.5 Fibonacci retracement threshold. This technical level is viewed as a fundamental component of the asset’s broader market architecture.
Maintaining price action above the 0.5 Fibonacci retracement typically indicates that the underlying uptrend remains structurally intact, despite interim pullbacks.
Examining the near-term one-hour timeframe reveals a bearish technical formation. The entry range is positioned between $76.45 and $76.70, with projected downside objectives at $75.70, $74.30, and $73.60.
This bearish near-term configuration remains effective provided SOL continues trading beneath $77.30. A decisive break and close above $77.35 would negate the bearish scenario.
Long Position Holders Bear Brunt of Market Liquidations Data from CoinGlass indicates that traders holding long positions sustained the majority of recent market losses. Aggregate SOL liquidations spanning 24 hours totaled $14.37 million. Long position liquidations comprised $13.06 million — representing approximately 91% of total forced closures.
Within a 12-hour window, long traders experienced $7.66 million in liquidations compared to $1.07 million for short positions.
In a separate technical development, Solana’s SuperTrend indicator on the three-day chart shifted to bullish on July 12 — marking the first buy signal since October 10.
During the period spanning July 3 to July 11, exchange reserves decreased by 100 million SOL tokens. Simultaneously, the Solana network welcomed 1.4 million new wallet addresses, according to data provided by Token Terminal.
Solana continues trading within a significant historical volume cluster that extends between present price levels and a wider macro expansion zone.
Solana has seen an influx of over $26 million in assets bridged from other blockchains over the past week, according to data from SolanaFloor. This activity highlights ongoing cross-chain capital flows into Solana, even as the current figure is lower than previous peaks like the $760 million recorded in September 2025. The Solana network, noted for its high on-chain activity and decentralized exchange (DEX) volume leadership, continues to draw interest despite the relatively modest inflow. The recent asset movement may indicate sustained interest in Solana’s capabilities, potentially influenced by its competitive transaction speed and cost advantages.
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Key Takeaways The movement of over $26 million in assets to Solana suggests continued interest in the blockchain, although lower than previous peaks. Solana’s features, including high transaction speeds and active DEX volume, are likely contributing factors to the cross-chain inflows. Market pricing implies a moderate increase in Solana’s price potential, with scenarios supporting a rise to $90 being considered. What to Watch Watch whether the inflow trend accelerates or decelerates, which could impact Solana’s price trajectory. Key upcoming developments include potential announcements about Solana-based financial products or significant upgrades, which could further influence market expectations. Markets will also be monitoring macroeconomic indicators, such as interest rate changes, that could affect broader cryptocurrency market conditions.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 4.5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.8% — — View market → August 1 2026 3.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 34% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Quarterly Cash Distributions Set for AugustGrayscale is moving to convert staking rewards from its Ethereum ($ETH) and Solana ($SOL) exchange-traded funds into regular cash payouts for shareholders. The asset manager filed a prospectus supplement on July 17, 2026, outlining changes to its Grayscale Solana Staking ETF (ticker: GSOL) that introduce mandatory quarterly cash distributions of staking rewards, with the amendment expected to take effect on or around August 7, 2026. A parallel amendment has been filed for its Ethereum Staking ETF (ticker: ETHE) on the same timeline.
Under the proposed structure, both trusts would convert staking rewards to cash no less often than quarterly, with the net proceeds distributed to shareholders after expenses and a facilitation payment to the sponsor. SEC documents explicitly state that there is no guarantee of a fixed distribution amount, as payouts will depend on the actual staking rewards received during each period.
IRS Guidance and the Case for Standardised PayoutsGrayscale views the change as necessary to align with IRS Revenue Procedure 2025-31, so each trust can continue to be treated as a grantor trust for U.S. federal income tax purposes. That procedure allows a compliant trust to distribute net staking rewards consistently, either in kind or after a cash sale, no less frequently than quarterly. Grayscale's proposed agreements specifically choose cash, requiring the trusts to sell the native-asset rewards before passing net proceeds to shareholders.
The move also has a practical benefit for investors. By aligning both the ETHE and GSOL trusts to the same payout cadence, investors gain a common framework to compare net cash returned across the two funds. GSOL stakes all of its Solana holdings, generating approximately 6.1% in annual rewards, which are converted to cash and paid out after fees. By contrast, gross staking rewards on Ethereum currently range from 3.1% to 3.3% annually, with net distributions to shareholders coming in at around 1.9% to 2.6% after fund fees and custody costs.
The Ethereum fund has already tested this model. In January 2026, Grayscale's ETHE became the first spot crypto ETP in the U.S. to distribute staking rewards to shareholders, paying out proceeds from rewards earned between October 6, 2025 and December 31, 2025. That initial distribution totalled $9.4 million, paid on January 6, 2026.
Investors should note the tax implications. Grayscale explicitly flags in the filing that cash distributions carry tax consequences, and the fund encourages investors to consult tax advisors, as distributions from a staking ETF are likely treated as ordinary income in most jurisdictions.
Sources:
Grayscale Ethereum Staking ETF, SEC Form 424B3 Filing, July 17, 2026
Grayscale Solana Staking ETF, SEC Form 424B3 Filing, July 17, 2026
CryptoSlate: Grayscale quarterly cash distributions analysis, July 19, 2026
Solana (SOL) price edges lower on Monday, maintaining a corrective tone from early July. Institutional demand remains muted, with two consecutive weeks of inflows under $1 million, while declining Open Interest and the funding rate point to bearish retail interest, even as trading volume rises by over 70% in 24 hours.
Institutional, retail signal further downside for SolanaSolana struggles to regain strength despite easing broader market risk-off sentiment. CoinGlass data show a minor contraction in SOL futures Open Interest (OI) over the last 24 hours, to $4.77 billion, despite a 78% increase in trading volume to $5.37 billion. Meanwhile, the funding rate has slipped below zero to 0.0023%, indicating that traders are willing to buy short positions at a premium.
On the institutional side, the SOL-focused Exchange Traded Funds (ETFs) recorded $948,210 in inflows last week, following the previous week’s inflow of $930,430. This points to institutional interest shifting from SOL to other blue-chip crypto assets like Bitcoin (BTC) and Ethereum (ETH), with inflows of $75.67 million and $105.44 million last week.
SOL ETFs data. Source: Sosovalue
SOL derivatives data. Source: CoinGlassWill Solana price test $70?Solana holds a mildly bearish near-term bias as price remains below a local resistance trendline on the 4-hour chart. At the time of writing, SOL trades in the red on Monday, under its 50-period Exponential Moving Average (EMA) at $76.32 and the 200-period EMA at $76.51.
The Relative Strength Index (RSI) around 49 on the 4-hour chart signals neutral momentum, while the Moving Average Convergence Divergence (MACD) and signal line hint at modest positive pressure that has yet to overcome structural resistance.
Looking down, the immediate support lies at the S1 Pivot level near $73.50, reinforced by a descending support trendline near $72.80. A slip below this zone could target the S2 Pivot level at $70.62.
SOL/USDT 4-hour price chart.On the topside, a decisive close above the downward resistance trendline near $77.27 could confirm further upside for SOL. The R1 and R2 Pivot levels at $79.15 and $81.92 could cap the potential breakout rally.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto may not be struggling because the technology has stopped developing. According to Galaxy Digital CEO Mike Novogratz, the bigger problem right now is that the market has lost the attention of speculative traders.
The traders who once chased Solana and other high-flying crypto assets are now looking for excitement elsewhere. “Every young kid that used to buy Solana is buying Hynix or some memory company,” Novogratz said. He pointed to the growing interest in semiconductor stocks and other hot trades.
He also added sports betting, same-day options and Korean stocks as areas that have absorbed much of the speculative energy. This energy once flowed into crypto.
Crypto Has Lost Its “Vibe”Novogratz compared the current market to the previous gold and silver bubble, saying crypto has experienced a similar speculative peak.
“That’s what tops look like,” he said, while stressing that a market topping does not mean the asset class disappears. For him, the current crypto mood is simple: “Meh.”
“People just aren’t as excited about it because there’s other things to be excited about,” Novogratz said.
Still, he does not believe Bitcoin’s long-term story has been broken. He said Bitcoin price could hold around $60,000. However, reaching $80,000 and eventually $100,000 would require three major catalysts. These are the CLARITY Act passing, Federal Reserve rate cuts and a renewed base of buyers.
He does not expect rate cuts this year. However, he sees the CLARITY Act as roughly a 60/40 or possibly two-thirds chance of passing. His base case is that Bitcoin remains between $60,000 and $80,000 for the rest of the year. If it breaks above $80,000, $100,000 could become the next major resistance.
The Technology Is Still Being BuiltDespite the lack of hype, Novogratz believes crypto infrastructure is continuing to develop behind the scenes.
“I’m literally doing deals with five or six, hopefully, big traditional institutions to help build infrastructure,” he said. He pointed to automatic settlement and the ability to transfer value over the internet as technologies that could eventually be used across financial markets.
Crypto also remains more important in many overseas markets than in the United States. Traditional financial services in the U.S. are already highly developed.
The Next Crypto Phase Could Be DifferentOverall, his broader message is that the speculative frenzy may have moved elsewhere for now. However, the underlying technology has not gone away.
The next major crypto phase, he said, may not be driven purely by hype and leveraged trading. Instead, the infrastructure being built today could eventually create a more sustainable market. One that brings real financial institutions and users into the ecosystem even after the speculative crowd has moved on.
Story Ends Here
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