Bitcoin experienced sharp declines in May and June, falling as low as $57,000.
While these declines have fueled analyses suggesting Bitcoin has hit bottom, some still believe the market could see levels around $50,000 before the bottom is reached.
Bitcoin’s Bottom May Come in October! At this point, the latest analysis comes from Wall Street giant Cantor Fitzgerald. According to Cantor Fitzgerald analysts, Bitcoin and the cryptocurrency market are entering the final phase of a bear market.
According to US investment bank Cantor Fitzgerald, the cryptocurrency market has entered the final phase of a bear cycle, and Bitcoin could reach its bottom in the next few months.
According to CoinDesk, the bank analyzed in a recent report that as of June 10th, that date was 252 days after BTC’s peak, and the price had fallen by approximately 51%.
Analysts, noting that Bitcoin has historically reached its bottom in an average of 384 days, concluded that it could reach its bottom by the end of October.
Which Altcoins Are Standing Out? Cantor Fitzgerald analysts recently stated that as Bitcoin and the market approach their bottom, investors should focus on projects that create sustainable value rather than speculative investments.
The bank cited Hyperliquid (HYPE) as a prime example of such projects.
The report also recognizes Bitcoin as the fundamental monetary asset of the ecosystem, while Ethereum is identified as the leading collateral infrastructure for on-chain financial systems.
Analysts also added that they believe the buyback and burn mechanism, where protocol fees are used to reduce the token supply, is the type of model that investors should prioritize.
At this point, Cantor Solana acknowledged that altcoins like Sui, XRP, and Zcash each possess unique competitive advantages. However, he stated that these networks need to prove they can translate ecosystem growth into sustainable token value.
*This is not investment advice.
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Securitize began trading on the New York Stock Exchange under the ticker SECZ on Thursday and launched a tokenized version of its common stock through its regulated platform.
Securitize is now officially a public company, listed on the @NYSE under the ticker SECZ.
Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets.
To everyone who helped us get here, thank you.
Tokenize the World. pic.twitter.com/XVhjA5udA9
— Securitize (@Securitize) July 2, 2026
The listing follows the completion of Securitize’s business combination with Cantor Equity Partners II. The company has brought more than $4 billion in assets onchain through its tokenization infrastructure.
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Eligible investors in the United States will be able to access tokenized SECZ on Avalanche and Solana after completing onboarding, identity verification and jurisdictional eligibility checks.
The tokens are intended to represent the same common stock trading on the NYSE rather than a synthetic product, offshore wrapper or separate share class. Tokenization changes how ownership is recorded and transferred but does not alter the legal nature of the underlying shares or remove applicable transfer restrictions.
Securitize said the rollout makes it the first newly public company to bring its own stock onchain from the start of its life as a listed business. Based on expected shareholder participation, the company also expects SECZ to become the world’s largest tokenized stock.
The launch builds on Securitize’s broader effort to bring public equities onto blockchain infrastructure while preserving direct ownership and shareholder rights. Its platform has previously worked with asset managers including BlackRock, Apollo, KKR and VanEck on tokenized investment products.
Securitize plans to expand the functionality and market infrastructure surrounding tokenized SECZ as its onchain shareholder base develops.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
While price action has long dominated the cryptocurrency market, attention in 2026 is steadily shifting toward the technical foundations of blockchain networks. With Ethereum, Solana and Avalanche preparing for some of their most ambitious protocol upgrades to date, Coinbase’s layer-2 network Base activated its Beryl hard fork just last Friday. In contrast, Bitcoin developers remain deadlocked over several contentious proposals and have yet to reach consensus.
Focus shifts from speed to resilienceTim Sun, a senior researcher at Hong Kong-based asset manager HashKey Group, explained that previous protocol upgrades have typically prioritized adding new features, speeding up transactions and boosting capacity. However, Sun observed that by 2026, the industry’s priorities are tilting towards more predictable governance, greater reliability and the development of robust, enterprise-scale infrastructure to support widespread financial use cases.
Tim Sun stresses that, looking ahead to 2026, simply adding more features is no longer the main concern; instead, reliability and institution-grade infrastructure are taking center stage.
Spotlight on Ethereum’s Glamsterdam upgradeAmong Ethereum’s key roadmap milestones, the Glamsterdam upgrade stands out as one of this year’s most pivotal steps. Currently being tested on developer networks, it is expected to roll out to the mainnet in the second half of 2026. Planned changes include improved scalability, reinforcement of the layer-1 base, and a streamlined user experience aimed at simplifying network usage.
Sun noted that the upgrade could enable higher transaction throughput, expand data capacity, and reduce database bloat. The overarching goal is to make Ethereum a more favorable environment for stablecoin settlements and on-chain use of real-world assets.
Holly Atkinson, chief product and technology officer at 1inch, described Glamsterdam as Ethereum’s most significant upgrade since The Merge in September 2022. One highlight is ePBS—short for enshrined proposer builder separation—a structure aimed at making block creation and proposal processes more transparent. However, RuleSpark founder Pavan Kaur cautioned that while this step might help, it will not eradicate maximal extractable value (MEV) issues altogether, as some harmful practices may simply adapt and persist in new forms.
Mini glossary: ePBS stands for enshrined proposer builder separation. It aims to clarify the distinction within the protocol between validators who propose blocks and entities that build their content, with the objective of minimizing concentration in transaction sequencing.
Solana and Base aim for lightning-fast confirmationsOn the Solana front, the Alpenglow upgrade is the year’s most significant development. After receiving strong backing in governance votes in September 2025, Alpenglow is still under development and slated for release in the latter half of 2026 alongside the Agave 4.1 validator client. This system will replace the current TowerBFT mechanism with an innovative voting component named Votor.
One of the most concrete impacts is a dramatic reduction in transaction finality time. The goal is to bring finality down to between 100 and 150 milliseconds under optimal network conditions, compared to the present average of approximately 12.8 seconds. The upgrade also targets reducing network load by removing on-chain voting operations, ultimately improving validator communication efficiency.
NetworkUpgradeKey objectiveEthereumGlamsterdamScalability and stronger layer 1SolanaAlpenglowCut finality time to 100–150 msBaseBerylReduce withdrawal time from 7 to 5 daysAvalanchePost-Etna L1 modelLower custom chain setup cost by over 99%Elsewhere, Base deployed its Beryl hard fork following a brief sequencer outage that paused block production for about two hours due to an invalid block. Jesse Pollak, one of Base’s co-founders, emphasized that users’ assets remained unaffected by the disruption, but acknowledged the downtime was unacceptable and added that lessons learned will help reinforce Base as a round-the-clock global financial platform.
Jesse Pollak underscores that user funds were secure during the incident, but says Base recognizes the network pause was not acceptable and is using this experience to guide technical improvements.
According to Base documentation, the Beryl hard fork introduces the B20 native token standard, shortens withdrawal finality from seven days to five, and implements the Reth V2 integration. These updates are expected to decrease node storage requirements and enhance execution efficiency.
Avalanche goes institutional, Bitcoin debates persistOn Avalanche, there is less focus on a single named hard fork and more on sweeping changes to attract enterprise users and boost performance. According to Sun, the Etna hard fork replaced the legacy subnet model with a system of sovereign Avalanche L1 chains, slashing the startup cost for launching a private blockchain by over 99%. He also highlighted that Progmat, which he says represents about 63% of Japan’s security token market, recently moved more than $2 billion in tokenized assets to a dedicated Avalanche L1 chain.
Bitcoin, meanwhile, stands apart from rival networks. Its main challenges in 2026 are not scheduled upgrades but debates over whether to make the protocol more programmable or to strengthen it against quantum computing threats. Proposals like OP_CAT, CTV and Lightning-focused LNHANCE—each associated with covenants and programmability—remain under discussion but lack an agreed activation path. Proposals such as BIP 360 and similar efforts to ease the shift to quantum-resistant spending methods are also still on the table without a clear consensus.
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.
In This Article Crypto News Today: SOL USD Spikes on News of Record Network ActivityCrypto Hackers Make Off With Nearly $76M in June as Attacks Slow: Sign of an Exhausted Market? In crypto news today (July 2), Bitcoin is sitting at $58,600, down another -1.2% over the past 24 hours as July continues to lean bearish for crypto. However, there was a brief rally overnight, which caused daily liquidations to spike to $448M, with $265M of that figure coming from short positions, highlighting that overleveraged bears were the biggest victims.
ETF flows are still bleeding heavily, with yesterday seeing a further -$296M in Bitcoin sold across various products, with BlackRock’s IBIT ETF accounting for $219M of that total. With IBIT selling more than $2.1Bn worth of BTC over the past 10 sessions, the worlds largest asset manager is firmly in control of current price action.
While nearly every major cap token is currently in the red over the past 24 hours, Stellar (XLM) and Cardano (ADA) are two of the more prominent projects in the green today, up +11% and +4.5% respectively. Daily trading volume continues to decline, currently at $75Bn, down from $82Bn yesterday.
With the brief overnight rally across crypto, the Fear & Greed Index spiked to 19/100, up from 11/100 yesterday, although most tokens have already retraced the move, which is likely to cause a drop back toward single digits on the next update.
Crypto News Today: SOL USD Spikes on News of Record Network Activity Solana is continually setting new records for network activity and ecosystem revenue. However, broader weakness in the cryptocurrency market is preventing these strong fundamentals from translating into sustained price growth.
A significant recent development is the launch of Solana Governance Proposals (SGP), a new on-chain governance system that enables validators and delegators to directly participate in decisions regarding the network’s future.
This initiative represents one of Solana’s most important steps towards greater decentralization and is expected to make the ecosystem more appealing to institutional investors.
Meanwhile, the network’s core metrics continue to reach new heights. Over the past 30 days, Solana processed 3.77 billion non-vote transactions, marking the highest monthly total in the blockchain’s history.
Furthermore, applications built on Solana generated $257 million in revenue during the second quarter, allowing the network to maintain its position as the leading Layer 1 blockchain by dApp revenue for the ninth consecutive quarter.
Despite these robust fundamentals, the SOL token has not yet experienced a significant rally. The primary reason for this stagnation is the overall weakness in the cryptocurrency market and the ongoing outflow of institutional capital from digital assets.
solana:So11111111111111111111111111111111111111112 network processed over 40x Base's volume and more than… pic.twitter.com/t4Lq1mLwM0
— CryptosRus (@CryptosR_Us) July 2, 2026
Crypto Hackers Make Off With Nearly $76M in June as Attacks Slow: Sign of an Exhausted Market? In other crypto news today, hackers stole approximately $75.9M in June across 40 major crypto incidents. According to blockchain security firm PeckShield, this figure represents a 7.1% decrease from May, when losses totaled $81.7M.
As reported by The Block, the largest incident of the month was the Humanity Protocol exploit, which PeckShield estimates accounted for $31M. On-chain analyst Specter was the first to reveal that wallets linked to the project lost over $31M on June 9.
However, Humanity Protocol’s own investigation later reported the damage to be closer to $36M. Project founder Terence Kwok stated that the attack resulted from a compromised private key.
The second-largest incident involved the $10M Syscoin Bridge exploit. PeckShield noted that the attacker exploited a validation flaw, enabling them to mint billions of unbacked SYS tokens without burning the corresponding assets.
Another notable victim was a bot associated with the address JaredFromSubway.eth, known for conducting MEV sandwich attacks. PeckShield estimated that the bot itself was exploited for $7.5M.
Other significant incidents in June included attacks on Secret Network, Polymarket users, SecondFi, and TESSERA, with losses ranging from $2.4M to $4.67M.
🚨CRYPTO HACKS HIT $75.9M ACROSS 40 INCIDENTS IN JUNE, DOWN FROM MAY!
According to PeckShield data, hackers stole roughly $75.9 million from crypto projects in June across 40 separate incidents, a 7% drop from May’s $81.7 million.
The biggest loss came from the Humanity… pic.twitter.com/tNcFIoyoC8
— Crypto Banter (@crypto_banter) July 1, 2026
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Solana has quietly become one of the more serious institutional blockchain platforms on the market, and the numbers are starting to reflect that. The total value of real-world assets tokenized on Solana reached approximately $3.3 billion by early July 2026, up from around $2.5 billion in April and $2.8 billion in May. That kind of consistent monthly climb does not happen by accident.
Alongside that RWA growth, the stablecoin supply on Solana crossed $16 billion, driven primarily by Circle’s USDC and Tether’s USDT.
Big names are choosing Solana for real financial infrastructure The first half of 2026 brought a wave of institutional partnerships that would have seemed ambitious to predict even twelve months earlier. B2C2, one of the larger crypto market makers operating in institutional circles, designated Solana as its primary network for stablecoin settlements.
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SoFi, the US-based financial services company, launched enterprise banking services built on the Solana blockchain during the same period.
Shinhan Card, one of South Korea’s largest card issuers, also signed a memorandum of understanding focused on developing stablecoin payment solutions on Solana.
Solana captured 97% of tokenized equity trading volume Perhaps the single most striking data point from this period: Solana captured 97% of cumulative on-chain tokenized equities spot trading volume by May 2026.
The Solana Foundation also rolled out new security infrastructure during this period, including the STRIDE initiative, which focuses on strengthening the network’s defenses against systemic risks. STRIDE, alongside improved cross-network DeFi recovery tools, signals that Solana is building the compliance and risk management layer that regulated financial entities require before committing serious capital.
What this means for investors watching the RWA space Solana’s $3.3 billion in RWA value by July 2026 positions it as a top-tier venue in that market, competing directly with Ethereum and BNB Chain for institutional flows.
For investors, the stablecoin supply figure is arguably the more actionable signal. A $16 billion stablecoin supply on Solana means there is substantial liquidity available for DeFi protocols, institutional desks, and payment rails operating on the chain.
Market analysts urge caution, suggesting that current metrics should be understood as peaks rather than a stable status quo. Ethereum remains the default institutional blockchain for many legacy finance entrants, and BNB Chain is aggressively courting similar RWA and payment partnerships in Asian markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SOL trades near $77 after a 16% weekly bounce, yet it remains about 74% below its record high. On-chain activity is climbing toward yearly highs as the price attempts to bottom.
The contrast sets up a decisive month for SOL. A bearish price structure on higher timeframes now collides with some of the strongest network readings Solana has posted this year.
Solana Network Activity Tests Yearly HighsOn-chain data paints a healthier picture than price alone suggests. The number of active addresses is rising sharply and retesting yearly highs just below 7 million.
SOL number of active addresses. Source: GlassnodeTransactions per second, measured on a seven-day average, are trending steeply higher toward 1,100. That reading is approaching a new all-time high for network throughput.
This creates a clear divergence. Network activity continues to grow while the token price sits near its lowest level in more than a year.
SOL number of transactions per second. Source: GlassnodeMuch of the recent surge in throughput stems from meme coin launchpads and speculative airdrops on Solana. Sustained usage above these levels would strengthen the fundamental case for a price recovery.
Weekly Chart Keeps SOL in a Bearish RangeThe weekly chart tells a more cautious story. SOL sits roughly 74% under its all-time high of $293 and trades at its lowest level since December 2023.
Price is currently defending the long-term 0.786 Fibonacci retracement near $73. That level marks the last major support before deeper downside opens up.
The first meaningful resistance sits at the 0.618 Fibonacci level around $120. A move back to that zone would require a gain of more than 55% from current prices.
SOL weekly chart. Source: TradingviewWeekly volume continues to contract, which often signals accumulation and low volatility. However, the broader structure stays bearish until buyers reclaim higher levels. The recent leverage liquidations across the market underline how fragile sentiment remains.
Solana Price Prediction: $80 Line in the SandThe daily chart offers the first signs of a possible bottom. SOL broke down from an ascending channel in June and hit its measured target near $63.
Price then bounced firmly off that support and now retests resistance just below $80. The Relative Strength Index has climbed toward 60, which indicates building momentum from buyers.
A daily close above $80 would strengthen the recovery case and open the path toward $100 and eventually $120. Failure to hold $73 would expose the $63 demand zone again.
SOL daily chart. Source: TradingviewThe upcoming Alpenglow consensus upgrade could act as a catalyst if activation nears in the third quarter. Broader market weakness, seen in recent ETF outflows, remains the main risk. July now hinges on whether SOL can convert strong network fundamentals into a decisive break above $80.
Solana just flipped the switch on a governance system that could reshape how its protocol evolves. The Solana Foundation has activated Solana Governance Proposals, or SGPs, introducing a fully onchain, stake-weighted voting mechanism that hands decision-making power to validators and, crucially, to the people who delegate tokens to them.
Here’s the thing: only validators with at least 100,000 SOL delegated to them can actually propose changes. But the system includes a delegator override mechanism that makes it more interesting than a simple plutocracy.
How the system actually works The SGP framework operates on a two-step process. First, a qualifying validator submits a proposal onchain. Then, that proposal needs to clear a 15% cluster stake threshold just to advance to a formal vote. In English: if you can’t convince validators representing at least 15% of all staked SOL that your idea is worth discussing, it dies before it ever reaches a ballot.
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Voting itself is stake-weighted and verified through Merkle proofs, a cryptographic method that lets anyone independently confirm vote tallies without trusting a central authority.
The most consequential design choice might be the delegator override. If you’ve staked your SOL with a validator and disagree with how they voted, you can override that vote using your own stake weight.
The system went live between June 24 and June 30, with supporting infrastructure already in place. The Foundation launched a dedicated governance dashboard at governance.solana.com, documentation at docs.governance.solana.com, and open-source tooling on GitHub.
SGPs versus SIMDs: different lanes for different decisions Solana already had a process for protocol changes called Solana Improvement Documents, or SIMDs. These cover the technical nuts and bolts of how the network operates: consensus changes, runtime modifications, that sort of thing.
SGPs are designed to sit alongside SIMDs, not replace them. The distinction is intentional. SIMDs handle engineering decisions. SGPs tackle broader strategic questions about the protocol’s direction. By separating these two tracks, core developers can keep shipping code without getting bogged down in governance debates about network philosophy.
What this means for investors The 100,000 SOL threshold for proposals creates a natural filter against spam while still keeping the door open to any validator with meaningful delegation. The 15% cluster stake requirement for advancing proposals means that even well-funded validators can’t push through controversial changes without broad coalition support.
The delegator override mechanism deserves special attention. In most proof-of-stake governance systems, retail stakers delegate their tokens and effectively hand over their voting power. Solana’s approach lets delegators reclaim that power on a per-vote basis.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Folarin Balogun scored two goals in the United States’ 3-0 World Cup opener against Paraguay on June 15, becoming the first American to net multiple goals in a single World Cup match since 1930. Crypto markets responded almost immediately.
Trading volume on Polymarket and Coinbase surged for goal-total markets tied to Balogun, while a Solana-based meme token called BALOGUN launched in the aftermath of his performance. As the USMNT prepares for its Round of 32 match against Bosnia and Herzegovina, the striker says the team arrives confident but focused.
From pitch to Polymarket: how one brace moved markets Before the Paraguay match, crypto prediction markets had Balogun’s goalscorer odds priced between +200 and +300. After the final whistle, trading volume for Balogun-related props spiked across both Polymarket and Coinbase.
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Then came the meme token. The BALOGUN token appeared on Solana shortly after the match, driven almost entirely by speculative momentum. No utility. No roadmap. Balogun has no known partnerships with crypto protocols or DeFi projects.
Bosnia match could amplify or deflate the hype Balogun has said the knockout stage requires elevated concentration, and that the squad is approaching the Bosnia and Herzegovina match with confidence built on their group-stage dominance.
NFT markets have also responded. Panini World Cup digital cards and Sorare collectibles featuring Balogun have seen increased trading activity since his two-goal performance.
European transfer rumors add another dimension. Chelsea and other clubs have reportedly shown interest in Balogun for a potential summer move.
Polymarket handling World Cup betting volume at scale, Solana processing meme token launches in near real-time, and NFT platforms like Sorare seeing organic demand spikes tied to athletic performance are proof points for crypto’s ability to capture and monetize cultural moments faster than traditional finance ever could.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Solana Foundation has introduced Solana Governance Proposals, a new onchain process for validators to move major network questions into stake-weighted votes.
Summary
Solana validators can now move core governance questions into stake-weighted onchain votes through SGPs directly. A proposal needs 15% active stake support before it can enter formal network voting period. Validators need at least 100,000 SOL delegated to take an SGP onchain under current rules. The system gives validators a formal route to submit, support, and decide governance items that may shape Solana’s future protocol direction.
Meanwhile, the Solana Governance Proposals repo says SGPs are documents proposed by Solana validators for stake-weighted, onchain voting through the svmgov program. The process is for high-level questions that ask whether the network should move in a certain direction, rather than detailed technical changes. This keeps SGPs focused on broad network direction only.
1/ Solana onchain governance is live🗳️
Validators can now propose, support, and decide core protocol decisions via Solana Governance Proposals (SGPs)
These are fully onchain, stake-weighted, and verified by Merkle proof 👇 pic.twitter.com/9Lpskle5L6
— Solana Foundation (@SolanaFndn) July 1, 2026 A validator vote account needs at least 100,000 SOL staked to take an SGP onchain. The proposal then needs support from at least 15% of active stake before it can enter voting. The Solana Governance documentation says validators create proposals, other validators support them, and voting weight is proven through Merkle proofs against an onchain stake snapshot.
The process separates signals from code The SGP process sits beside Solana Improvement Documents, which cover detailed protocol design. In simple terms, SGPs ask whether Solana should pursue a direction, while SIMDs explain how a change would be built. The repo says, “A ‘yes’ on an SGP is a mandate to proceed.”
The lifecycle moves from idea to draft, support, voting, acceptance, and activation. Once a proposal reaches the 15% support threshold, it enters a fixed 11-epoch process. That includes seven epochs for discussion, one epoch for a Node Consensus Network snapshot, and three epochs for voting.
There is no quorum rule. A proposal passes only if “For” votes reach at least 66.67% of “For” plus “Against” stake. The repo also says SGPs are not mandatory for every technical change. If validators do not reach support, developers can continue through normal SIMD review.
Governance arrives as upgrades continue The launch comes as Solana continues to test large infrastructure changes. As previously reported, the Alpenglow upgrade entered community validator testing in May. Alpenglow aims to cut confirmation times to about 150 milliseconds and remove Proof of History and onchain vote transactions from Solana’s core process.
The new SGP route could give validators a clearer way to request network-wide direction before developers prepare technical work. The GitHub repo uses Alpenglow as an example of a proposal that could have first taken a directional vote before later SIMDs defined the build path. That example shows how Solana may use SGPs when validator input is needed before engineering details are complete.
Recent Solana activity adds context Solana’s validator set has also been tied to other recent network tools. As crypto.news reported, DoubleZero launched Edge in April with 379 validators publishing shreds and about 43% of Solana’s total stake covered at launch. The project aims to deliver Solana block data through private fiber paths.
Solana has also seen renewed market activity around network use. Crypto.news reported that Solana’s tokenized stock activity helped drive an 18% weekly SOL rebound in late June. Earlier, crypto.news reported that Galaxy Digital proposed a voting model for Solana inflation, showing that validator voting design has already been part of the network’s policy debate.
Solana has once again seized the spotlight in the crypto market with its remarkable price movement and surging network activity. As of this writing, SOL is trading at $75.09 after gaining 3.79 percent in the last 24 hours. The token’s 24 hour trading volume stands at $3.27 billion, while its market capitalization has reached $43.66 billion. With prices staging a recovery and transaction numbers skyrocketing, investors have started closely watching Solana’s next move.
Key support and resistance levels emerge in technical outlookCryptocurrency analyst Javon Marks highlights that Solana is approaching a major support zone that previously fueled its rallies. According to analysts, reclaiming and maintaining this level would hint at a further strengthening of the bullish trend.
Analysts evaluate that if Solana regains its critical support area, it could confirm upward momentum and increase the likelihood of heading toward the next major resistance at $233.80.
On the technical front, the $233.80 price level stands out as the main resistance. Surpassing this barrier could trigger fresh buying interest, potentially paving the way for SOL to target new highs around $450. However, the main short-term focus will be whether the newly formed support can hold.
IndicatorLevelCurrent price$75.0924 hour changeUp 3.79 percentMain resistance$233.80Monitored upper target$450Historic surge in network transaction volumesAccording to Solana Floor, transaction activity on the Solana network has reached record levels across all major timeframes. Daily, weekly, and monthly transaction counts have all hit unprecedented highs, highlighting a dramatic increase in both network usage and scalability capabilities.
Solana Floor, a data and content platform focused on the Solana ecosystem, actively monitors usage trends across the network.
The persistent rise in transaction volumes points to Solana’s growing presence in areas such as decentralized finance, memecoin trading, NFT markets, and blockchain gaming. The data suggests that this is not just a short-lived spike, but a sign of sustained activity from both users and developers.
New records in daily, weekly, and monthly transactions reveal that user and developer engagement on Solana remains strong and the ecosystem continues to expand.
Market momentum gives altcoins a boostRecent improvements in the overall crypto market have given SOL’s recovery efforts extra momentum. The upward trend led by Bitcoin has created positive sentiment for the altcoin sector as a whole, spilling over to Solana as well.
However, analysts caution that forecasts remain uncertain. Given the high volatility in crypto markets, whether key support and resistance levels hold will play a major role in determining Solana’s short term direction.
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.
Bitcoin climbed back above $60,000 after Fed Chair Kevin Warsh said inflation risks had eased, offering the crypto market its first clear boost in weeks.Solana led major tokens with a roughly 4% daily gain and about a 16% rise over the past week, while most other large cryptocurrencies were mixed.A sharp sell-off in semiconductor and AI-related stocks, driven by concerns over overbuilding and supply shifts, raised questions about whether money could rotate back from the AI trade into bitcoin and other risk assets.Bitcoin BTC$60,204.42 traded above $60,700 on Thursday after a quick overnight reversal after Federal Reserve Chair Kevin Warsh said inflation risks had eased, giving a market that spent most of June grinding lower its first clear lift in weeks.
Speaking at the European Central Bank's annual forum in Sintra, Portugal, on Wednesday, Warsh said "inflation risks have come down" while reaffirming the Fed's commitment to returning inflation to 2%.
He declined to signal what the central bank will do at its meeting later this month, saying policymakers would weigh incoming data first. Bitcoin pared earlier losses and pushed back above $60,000 after the remarks, according to CoinDesk reporting.
Solana led the majors. The token rose about 4% on the day to around $78 and is up roughly 16% over the past week, per CoinDesk data, the only large token with a meaningful weekly gain. Ether traded near $1,630, up about 3% on the day, while XRP held at about $1.06. BNB, dogecoin and Tron were softer over the week.
The bigger move was in stocks. A selloff in semiconductor shares spread to South Korea on Thursday, where the Kospi index fell almost 7% before paring losses. Samsung Electronics and SK Hynix each dropped more than 6%, and Kioxia fell 13% in Japan after a rally that had lifted the stock more than 650% this year.
The declines revived worries that this year's blistering run in artificial-intelligence stocks has outpaced reality.
Two reports fed the unease. Meta is building a cloud business to sell access to spare AI computing power, Bloomberg reported, raising concerns that the company had overbuilt. Apple is in talks to buy chips from two Chinese semiconductor makers, a move that would hurt Korean suppliers.
The AI trade is where money has flowed all quarter while bitcoin fell, giving the asset a rare back-to-back quarterly loss for only the third time in history. Capital rotated steadily into chipmakers and AI infrastructure as crypto closed a losing first half, so cracks there could ease the pull that has weighed on the market.
Elsewhere, Brent crude fell to about $70.60 a barrel, its lowest since late February, before the Middle East war began, as traffic through the Strait of Hormuz recovered.
Gold rose for a second day to trade above $4,060 an ounce after Warsh's comments, and the dollar steadied after two days of gains.
Whether bitcoin's reclaim holds depends on whether the AI wobble deepens into a rotation back toward risk or proves a one-day scare.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Solana (SOL) extends its recovery, trading above $78 on Thursday, having gained nearly 10% so far this week. The rebound is supported by strengthening derivatives metrics, modest institutional demand and improving technical momentum, all suggesting SOL could extend its gains in the near term.
Strengthening derivatives metricsDerivatives data for Solana shows bullish bias. CoinGlass long-to-short ratio reads 1.11 on Thursday, the highest level over a month. A ratio above 1 indicates bullish sentiment, as traders bet that asset prices will rally.
SOL long-to-short ratio chart. Source: CoinglassIn addition, CoinGlass funding rate for SOL turned positive on Thursday, reading 0.0017%, indicating that longs are paying shorts and suggesting bullish sentiment.
SOL funding rates chart. Source: CoinglassReturn of institutional demandInstitutional demand shows early signs of optimism. SoSoValue data shows that SOL’s spot ETFs recorded an inflow of $521,070 on Wednesday. So far through Wednesday, SOL recorded a net inflow of $3.55 million; if this inflow trend continues and intensifies this week, SOL price could see further upside.
Total SOL spot ETF net inflow daily chart. Source: SoSoValueSolana Price Forecast: Bullish strength gaining tractionSolana price extends its gains, trading above $78 on Thursday after surging nearly 10% so far this week. However, SOL maintains a cautious tone, trading below the 100-day and 200-day Exponential Moving Averages (EMAs) at $81.58 and $97.04. Meanwhile, SOL holds above the 50-day EMA at $75.43, suggesting some underlying demand, but the 50% retracement of the latest downswing at $79.27 already acts as immediate overhead supply.
Momentum remains constructive, with the Relative Strength Index (RSI) at 60 and the Moving Average Convergence Divergence (MACD) in positive territory, hinting that while higher EMAs cap the broader trend, buyers retain short-term traction.
On the topside, initial resistance stands at the 50% retracement at $79.27, followed by the 100-day EMA at $81.58 and the 61.8% Fibonacci retracement at $83.79. Above these, a stronger barrier emerges at the 78.6% Fibonacci retracement near $90.22, ahead of the horizontal resistance at $96.19 and the 200-day EMA at $97.04.
On the downside, immediate support is seen at the horizontal level around $77.07, with the 50-day EMA at $75.43 and the 38.2% Fibonacci retracement at $74.75 forming a secondary demand zone; a deeper pullback would expose the 23.6% Fibonacci retracement at $69.16.
(The technical analysis of this story was written with the help of an AI tool.)
Forward Industries has expanded its Solana treasury after buying more than 500,000 SOL during fiscal Q3 2026.
Summary
Forward Industries bought over 500,000 SOL, raising its treasury to 7.55M SOL by June 30. The company reported 36% annualized SOL-per-share growth while selling 93,642 shares during fiscal Q3 2026. Earlier losses show Solana treasury firms remain exposed to price swings and U.S. accounting rules. The Nasdaq-listed company said its total holdings reached 7.55 million SOL as of June 30.
The company bought the tokens at an average price of about $79 per SOL. It also said SOL per fully diluted share rose to 0.0729 from 0.0669 at the end of the prior quarter.
Forward Industries stock recently traded at $4.70 on Nasdaq, up more than 10% in the past day, with an intraday high of $5.04 and volume above 3 million shares (per Google Finance data).
Source: Google Finance Forward Industries said the increase represented 36% annualized SOL-per-share growth. The update comes as the company continues to build its Solana treasury while earlier filings show how crypto price moves have shaped its reported results.
Forward Industries expands Solana holdings In a July 1 company release, Forward Industries said it sold 93,642 common shares through its At The Market offering during fiscal Q3. The company said it used public market capital in a way that raised SOL per share for existing shareholders.
Forward described itself as the largest Solana treasury company. It said its recent inclusion in the Russell 2000 and Russell 3000 indexes gives it wider access to institutional investors when its shares trade above net asset value.
The company also said it can borrow against fwdSOL collateral through institutional partners. Forward said this lets it seek liquidity at a lower cost than its staking yield, which it placed between 6.4% and 7.3%.
Forward links strategy to SOL per share “Our mandate is simple: maximize SOL per share and create long-term shareholder value,” said Chief Investment Officer Ryan Navi. He said the company uses several capital formation methods to add SOL in a way it views as accretive.
Navi added that Forward can repurchase shares when they trade below net asset value and issue equity when they trade above it. He said the Russell index additions could also widen the company’s investor base and help fund more SOL purchases.
Forward also pointed to Solana network activity in a separate X post. The post quoted SolanaFloor data saying daily, weekly, and monthly Solana transaction counts had reached record levels across measured timeframes.
Earlier losses remain part of the story The latest purchase follows a period of reported losses tied to SOL price changes. As previously reported, Forward Industries neared a $1 billion Solana paper loss after the company reported a $585.6 million net loss for the quarter ended Dec. 31, 2025.
That earlier result included a $560.2 million loss on digital assets and a $33 million impairment under U.S. GAAP treatment. The company said the loss reflected fair-value accounting for its SOL holdings, not a direct cash outflow.
In addition, Forward also transferred 455,784 SOL to Coinbase Prime in June. That move drew attention because deposits to prime brokerage platforms can serve several purposes, including custody, liquidity management, collateral use, or asset sales.
Solana treasury model faces market test Forward launched its Solana treasury strategy in September 2025 with backing from investors and partners including Galaxy Digital, Jump Crypto, and Multicoin Capital. The company says its strategy includes buying, holding, staking, trading, and investing in SOL-related assets and projects.
The broader digital asset treasury sector has faced pressure during crypto market declines. As crypto.news reported, treasury companies tied to Bitcoin, Ethereum, and Solana have carried large unrealized losses as token prices fell.
Forward’s Q3 update shows that the company is still adding SOL despite earlier losses. The central measure it is asking investors to watch is SOL per fully diluted share. That metric now sits higher than the prior quarter, while the value of the treasury still depends on SOL market prices, staking revenue, borrowing costs, and shareholder dilution.
Solana is in the news after its active addresses surged significantly to 4.7 million over the past week. The hike in user interactions across the Solana network could translate into greater demand and eventually feed into investors’ market confidence.
However, will other on-chain and technical developments help sustain the improving market activity?
Source: Santiment On the daily chart, Solana seemeed to be approaching a key turning point at press time.
Its price action struggled for weeks below key resistance levels since it bounced back from its trading price of $59. Lately though, the token has been testing a major Exponential Moving Average(EMA) resistance at $75.
A successful move above that level could mark a shift in market structure and strengthen the case for a broader recovery. Here, the timing matters too. Especially since the altcoin’s improving fundamentals could add to and accelerate its improving network activity.
Source: TradingView Are long-term holders playing along? Accumulation of tokens on the network has been on the surge as well. In fact, holder balances have increased as a result of more investments being made on the platform in this period of consolidation.
However, there has been a drop in the supply too – Meaning that there are fewer tokens being returned to circulation.
The divergence could cause a demand shoot as not enough tokens may be available for circulation. As a result, the token’s price could push higher in the near future.
Source: Token Terminal Is it undervalued? Fundamental metrics seemed to be relaying a similar story. At the time of writing, Solana’s Price-to-Sales ratio was around 2 – A level that suggested the token may be undervalued at its trading price.
While valuation metrics are rarely used as short-term trading signals, they can provide useful context when assessing whether an asset is becoming stretched or remains relatively undervalued.
For some investors, the current ratio may strengthen the case for ongoing accumulation, which will turn out as another positive gain for SOL.
Source: Token Terminal Can buyers clear the next hurdle? The market now faces a clear test. A decisive move above the EMA resistance near $75 would strengthen the bullish structure that has been developing over recent sessions.
Beyond that level, the next major area of interest sits around $83, where previous selling pressure emerged.
At press time, the altcoin’s price action was catching up with its fundamentals. Especially since network activity has been growing and holders have continued to accumulate on the back of supportive valuation metrics. Together, they all appeared to be in support of the anticipated breakout.
Final Summary Solana’s active addresses surged to 4.7 million, signaling renewed activity across the network. Holder accumulation and a P/S ratio of 2 seemed to support SOL’s attempts to truly reclaim the key $75-resistance level.
Umbra Privacy has launched a private payroll system on Solana, giving businesses a way to pay employees in $USDC without exposing transaction details on the public blockchain. The product is the latest feature to emerge from the protocol's broader push to make on-chain finance safe for corporate use.
How It Works The payroll system is built on top of Umbra's existing privacy infrastructure. Operating as the first live consumer application deployed on Arcium's Mainnet Alpha, Umbra's environment is engineered on top of Arcium's multi-party computation (MPC) encrypted execution engine and zero-knowledge cryptographic proofs, hiding the identities of the sender and recipient, alongside total transaction values, from public scrutiny by default.
The platform supports multichain funding and offers instant withdrawals to either a crypto wallet or a traditional bank account. The integration introduces native, private fiat onramping and offramping alongside a corporate payroll engine directly inside the Umbra application, enabling users to fund digital asset wallets and accept corporate compensation without exposing their physical identity or bank routing details to public blockchain trackers. This is handled through a partnership with Onramper. "It's about giving people genuine control over their financial lives," said Krutarth Shah, CEO of Umbra. "Integrating Onramper means our users can fund their wallets and receive payroll with the same level of discretion they expect from every other part of the Umbra experience."
Under the newly activated framework, Umbra users can natively purchase digital assets utilizing 24 major fiat currencies without departing the application's secure perimeter. The financial transaction layer relies on Onramper's algorithmic aggregation engine, which dynamically routes each localized payment flow to the most competitive fiat-to-crypto onramp provider worldwide.
Compliance Built In A recurring concern with privacy protocols is regulatory risk. Umbra has addressed this by embedding compliance tooling directly into the product. This structural privacy does not compromise regulatory compliance. Umbra preserves critical enterprise oversight utilities, natively retaining institutional compliance tools such as developer viewing keys and automated transaction risk screening. The payroll product also includes payroll history tracking for internal record-keeping.
Umbra includes a voluntary audit feature allowing transaction history disclosure to regulators. The Solana Foundation's framing of "confidentiality, not anonymity" is deliberate regulatory positioning. Confidentiality around hidden amounts with visible addresses is defensible for business, payroll, and institutional use.
The launch addresses a structural problem that has long made on-chain payroll impractical for businesses. Solana is one of the most transparent blockchains ever built, with every transaction, including sender, recipient, and amount, publicly readable by anyone with a block explorer and a wallet address. DAOs and businesses risk exposing operational data, payroll, or treasury activity on a public ledger. Umbra's payroll feature is designed to close that gap, giving crypto-native companies a viable path to paying staff in digital assets without broadcasting compensation details to competitors or the wider market.
Sources
The Fintech Times: Umbra Integrates Onramper for Private Fiat Ramps and Crypto Payroll
Onramper: Umbra Integration Announcement
Crypto Economy: Umbra Launches Privacy Wallet on Arcium
Key Takeaways Bitcoin leads the pack as the most reliable long-term hold thanks to its limited supply and institutional backing Ethereum dominates smart contract platforms, DeFi applications, and stablecoin infrastructure Solana delivers exceptional speed and affordability while capturing growing DEX market share Chainlink serves as critical infrastructure by bridging smart contracts with off-chain data sources Sui presents a mid-cap opportunity with elevated risk but potentially significant returns Market observers have identified five digital currencies as the most compelling long-term investment opportunities as we move deeper into 2026. These selections prioritize network fundamentals, real-world utility, and adoption metrics over speculative price movements.
Bitcoin Bitcoin continues to hold its position as the premier long-term cryptocurrency investment. With a hard-coded maximum supply of 21 million coins, it represents the most scarce major digital asset available.
Bitcoin (BTC) Price The introduction of spot Bitcoin exchange-traded funds has simplified institutional access to the asset. Meanwhile, an increasing number of corporations are adding Bitcoin to their balance sheets, further integrating it into traditional financial systems.
Market analysts highlight Bitcoin as presenting the most favorable risk-to-reward profile across the entire cryptocurrency landscape. It serves as the cornerstone for any diversified digital asset strategy.
Experts recommend allocating 35 percent of a crypto portfolio to Bitcoin, representing the highest weighting among these five selections.
Ethereum Ethereum functions as the infrastructure layer for much of the cryptocurrency sector. The network powers thousands of decentralized applications and maintains the industry’s most robust DeFi ecosystem.
The Ethereum blockchain processes billions of dollars in stablecoin transactions. Its role in tokenizing traditional assets such as securities and property continues to expand.
While facing competition from emerging blockchains, Ethereum maintains unmatched developer engagement. This sustained developer interest represents a critical competitive advantage for its long-term prospects.
A 25 percent portfolio allocation to Ethereum is recommended for long-term holders.
Solana Solana stands out for its high-performance capabilities and minimal transaction costs. These characteristics have positioned it as a preferred platform for DeFi protocols, NFT marketplaces, payment systems, and mainstream applications.
Both stablecoin transaction volume and decentralized exchange activity on Solana have shown consistent upward trends. The network has also attracted growing institutional participation.
Analysts suggest a 20 percent allocation to Solana, positioning it as a high-growth blockchain with an increasingly mature ecosystem.
Chainlink Chainlink occupies a unique position among these recommendations. Instead of competing for transaction throughput, it provides critical infrastructure enabling smart contracts to interact with external data sources.
Its oracle technology is considered fundamental to the DeFi sector’s functionality. The platform’s Cross-Chain Interoperability Protocol has gained traction among institutions exploring asset tokenization.
Building a Balanced Portfolio The recommended allocation distributes capital as follows: 35 percent Bitcoin, 25 percent Ethereum, 20 percent Solana, 10 percent Chainlink, and 10 percent Sui.
This distribution aims to balance the stability offered by established networks with growth opportunities from emerging platforms.
Sui completes the portfolio as the highest-risk component. Built using the Move programming language, it prioritizes performance and scalability for gaming, DeFi, and consumer-facing applications.
While Sui’s ecosystem remains in earlier development stages, analysts acknowledge both its elevated risk profile and potential for outsized returns if user adoption accelerates.
No cryptocurrency represents a certain investment. The analysis emphasizes that diversifying across assets with proven fundamentals and practical applications may enhance long-term portfolio performance.
Cryptocurrency investments involve substantial risk and volatility remains inherent to the market. Each of these five digital assets fulfills a specific function within the broader crypto ecosystem as of July 2026.
Solana’s tokenized real-world asset ecosystem has hit a new all-time high of $3.3 billion, cementing the network’s position as the third-largest blockchain for RWA value. That’s a nearly fourfold increase from roughly $873 million at the start of the year.
The milestone puts Solana behind only Ethereum at $15.9 billion and BNB Chain at $4.0 billion. With a 10.39% market share in the RWA space, Solana is no longer a rounding error in the tokenization conversation.
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A trajectory that keeps steepening Solana’s RWA value climbed 27.92% over the previous 30 days, with 692 distinct assets now living on-chain. The network reached roughly $873 million in RWA value back in January 2026. By the end of Q1, that figure had ballooned to somewhere between $1.66 billion and $2.01 billion. The previous all-time high of $2.8 billion was set in May 2026.
Institutional players are already here Citigroup ran a pilot program for tokenized Bill of Exchange settlements on Solana back in February 2026. The pilot highlighted Solana’s low transaction fees and rapid processing speed as core advantages for institutional users.
Ondo Finance, which specializes in tokenized stocks and treasuries, has emerged as one of the key contributors to Solana’s RWA ecosystem. Kamino, another notable player, focuses on RWA-oriented DeFi markets. Together with support from the Solana Foundation and data infrastructure from platforms like rwa.xyz, the ecosystem supports a range of tokenized assets spanning treasuries, equities, and various financial instruments.
What this means for investors Solana’s 27.92% monthly growth rate and its position as the third-largest RWA blockchain changes the competitive dynamics. Ethereum maintains nearly five times Solana’s total RWA value, providing deeper liquidity pools and more composability options. Solana’s network has also historically dealt with outage concerns, and any significant downtime during institutional settlement processes could damage the trust that has taken months to build.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin, Ethereum, XRP, and Solana have once again become the focal point of the crypto market after simultaneously flashing monthly buy signals on the TD Sequential indicator. This development has fueled speculation that a long-term bottom might be forming across leading cryptocurrencies; however, analysts warn that the indicator alone does not guarantee the start of a sustained rally.
Unified technical signal emergesCrypto market analyst Ali Martinez reported that all four major cryptocurrencies triggered a TD Sequential buy signal on the monthly chart. Used primarily on higher timeframes, this indicator aims to spot moments when the prevailing trend is losing steam and the stage may be set for a reversal.
Glossary: The TD Sequential, developed by market analyst Tom DeMark, is a technical indicator designed to identify moments when trends are becoming exhausted and a possible reversal is imminent, using specific counting sequences.
The monthly chart is pointing to a simultaneous macro reversal setup. The TD Sequential indicator is giving a buy signal for Bitcoin, Ethereum, XRP, and Solana.
It is rare for all four major cryptos to show monthly buy signals at the same time. This technical improvement has fostered cautious optimism in the market, especially after the sharp volatility seen in recent weeks.
Latest on prices and futures marketsAccording to data from CoinMarketCap, Bitcoin was trading at $59,947.31, Ethereum at $1,615.92, XRP at $1.05, and Solana at $77.45. Analysts note that these large-cap assets are presenting a more positive picture compared to earlier market turbulence.
AssetPriceOpen Futures InterestBitcoin$59,947.31$8.50 billionEthereum$1,615.92$21.99 billionXRP$1.05$2.31 billionSolana$77.45$5.58 billionCoinGlass data shows the open interest in Bitcoin futures on Binance stands at $8.50 billion. Open interest for Ethereum has reached $21.99 billion. XRP and Solana report figures of $2.31 billion and $5.58 billion, respectively. This data suggests that interest in the derivatives market persists, indicating continued engagement from traders and investors.
ETF flows reflect ongoing cautionUS spot Bitcoin ETFs saw net outflows totaling $222.60 million on July 1. Despite this, the total net inflows since these products launched have reached $51.59 billion. This pattern shows that while some investors are taking short-term profits, the broader trend has not been completely disrupted.
Spot Ethereum ETFs, meanwhile, recorded a net outflow of 16,715.33 ETH on June 30. Although institutional players continue to display caution, sentiment around longer-term demand remains upbeat.
Monthly buy signals may signal weakening selling pressure, but further confirmation is needed for a sustained recovery.
In the coming weeks, if Bitcoin, Ethereum, XRP, and Solana manage to hold above current price levels, strengthen ETF inflows, see a rise in open interest, and log increased buying volumes, the probability of a broader crypto market recovery will likely increase.
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.
A Solana-based prediction market platform is launching, aiming to compete with market leaders Polymarket and Kalshi.
The new platform has been christened World — not to be confused with the Sam Altman-backed, human verification project which shares the same name.
According to a social media post, World will be available through the popular Phantom crypto wallet, and Chainlink will provide oracle infrastructure to enable "immediate resolutions and instant payouts."
"Prediction markets are one of the most powerful applications you can build on a high-performance blockchain," Solana Foundation's Head of Consumer Pedro Miranda said in an article shared on World's X account. "World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are."
Of the two major players, Polymarket is the most crypto native, accepting various cryptocurrencies that it then converts into Circle's USDC stablecoin. Kalshi accepts USDC, Solana, and Bitcoin, then converts them to fiat USD.
Prediction markets have been considered a major growth area as Kalshi and Polymarket spend heavily on advertising campaigns while also inking high-profile corporate partnerships. Kalshi is seeking to raise more capital at a $40 billion valuation.
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"By launching inside Phantom, the most widely used wallet in Solana, World is immediately accessible to tens of millions of active users without requiring a separate app download or additional wallet setup," according to the article World shared Wednesday.
Coinbase, Robinhood, and DraftKings are all also involved in offering clients access to prediction markets where users can wager on sports, politics, economic events, and even the weather.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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.
June 2026 marked another milestone month for tokenization across the Solana ecosystem. Trading activity accelerated to record levels as tokenized equities attracted growing participation from both institutional and retail investors. Financial institutions continued launching regulated investment products on Solana, while tokenized funds, commodities, and real-world assets expanded into new markets.
The month also highlighted the increasing integration between traditional finance and blockchain infrastructure. From tokenized stocks and funds to museum-grade dinosaur fossils, June demonstrated the widening range of assets finding their way onchain.
Here is everything you might have missed:
June 10: Jupiter Adds Leveraged Tokenized Equities Jupiter Exchange integrated SHIFT's leveraged tokenized equities, bringing Series Tokens to Solana.
The products track leveraged stock ETFs, while Jupiter introduced a dedicated screener displaying price, trading volume, holder count, and discount to mark value, making these products easier for users to monitor.
June 12: SpaceX Trading Arrives Onchain Backpack Securities launched tokenized SpaceX stock under the ticker $SPCX on Solana on the same day SpaceX became available in traditional financial markets.
The tokenized asset generated $51 million in trading volume during its first 24 hours, making it one of the strongest launches for a tokenized equity on the network.
The same day, Securitize launched STAC, its tokenized AAA CLO fund, on Solana. The fund is backed by Bank of New York Mellon as custodian and sub-adviser, while Ethena Labs announced plans to allocate $250 million to the product.
June 16: SpaceX Volume Surpasses $100 Million Demand for tokenized SpaceX shares continued to accelerate. 24-hour trading volume for $SPCX exceeded $100 million for the first time, underscoring growing investor interest in tokenized equity exposure.
June 17: Institutional Listings Continue to Expand Ondo Finance announced the addition of 173 new tokenized stocks and ETFs, expanding its catalog to more than 430 traditional financial assets.
On the same day, Onpharma launched a security token offering on Solana with First Block and Crito Capital.
Trading activity also remained strong. Solana recorded $116 million in tokenized equities volume, accounting for approximately 94% of all tokenized stock trading volume across blockchain networks.
$SPCX led activity with nearly $90 million in trading volume, while Backpack accounted for approximately 95% of that trading.
June 21: Collector Crypt Reaches Revenue Milestone Collector Crypt generated more than $5 million in weekly revenue for the first time.
The milestone pushed the platform's cumulative lifetime revenue beyond $68 million, highlighting continued demand for tokenized collectibles within Solana's growing real-world asset ecosystem.
June 22: UK Regulated Fund Launches Onchain $BAGEY, the first publicly available fully native UK-regulated tokenized fund built with BNY, launched on Solana.
The launch represents another example of regulated investment products adopting blockchain infrastructure for fund administration.
June 23: Tokenized Funds and Stocks Reach New Milestones Allfunds, one of the world's largest fund distribution networks, expanded its tokenized funds to Solana. The integration connects more than 3,300 financial firms and nearly €1.8 trillion in administered assets to onchain markets, broadening institutional access to tokenized investment products.
The same day, total tokenized stock transfer volume on Solana surpassed $10 billion, underscoring the rapid growth of tokenized securities activity across the network.
June 24: Tokenized Assets Reach New Highs June 24 produced one of the busiest days of the month for tokenization on Solana. Tokenized assets accounted for approximately 19% of all daily DEX volume on Solana, representing a new all-time high of roughly $569.19 million in trading activity. For the day, tokenized assets generated more trading volume than memecoins.
Tokenized stock trading volume also reached a record $683 million in 24-hour trading volume. Trading activity centered on tokenized shares of SpaceX and Micron, which ranked among the most actively traded assets. Backpack Securities and Sunrise continued to expand the market by listing tokenized SanDisk shares under the ticker $SNDK that same day.
Outside traditional financial assets, JurassicFi announced plans to tokenize Deaton, a museum-grade Triceratops prorsus skull with approximately 60-65% bone completeness and all 3 original horns intact.
June 25: Institutional Adoption Expands Internationally Paxos launched its tokenized gold asset, PAXG, on Solana through Sunrise. The launch marks the first expansion of PAXG beyond Ethereum.
The same day, the Solana ETF SOLZ_KZ began trading on the Kazakhstan Stock Exchange, providing qualified investors in Kazakhstan with regulated exposure to Solana.
Kazakhstan Exchange also outlined plans to enable domestic companies to issue ETFs and tokenize assets using Solana infrastructure, reflecting growing international interest in blockchain-based financial products.
June 28: Raydium Surpasses $3 Billion Tokenized Equities Volume Raydium surpassed $3 billion in cumulative tokenized equities trading volume after crossing the $2 billion milestone earlier in the month, on June 6.
June 29: Tokenized Equities on Solana Records Its Largest Week Ever Solana achieved its largest week on record for tokenized equities. Weekly trading volume reached approximately $1.36 billion while the network captured 96% of all tokenized stock trading volume across blockchain ecosystems.
The achievement also extended Solana's lead over all Layer 1 and Layer 2 blockchains to 56 consecutive weeks, reinforcing its position as the leading network for tokenized equities.
Internet Capital Markets Continue Rapid Expansion Last week, SolanaFloor's The Big Picture podcast went live on X, with Seraphim from the Solana Foundation discussing stocks on Solana, how to solve liquidity issues, what comes next for digital asset tokens, and whether Solana perps can compete. He noted that tokenized equity trading volumes could consistently outpace memecoin trading volumes, driven by growing demand for stocks on Solana. “We have to enable stuff that allows you to trade assets people want to trade, and that's stocks at the moment,” he added.
Open Standard also launched $OUSD, a new stablecoin backed by over 140 partners including Visa, Stripe, Mastercard, Coinbase and BlackRock. The protocol promises to distribute earnings from reserves among partners alongside fee-free redemption and minting.
Throughout the month, Solana maintained its leadership in tokenized securities. Record trading volumes, expanding institutional participation, and continued product launches highlighted the network's growing role within global tokenized markets.
“Head of Taking Risk” at Solana Foundation on The Big Picture
Solana has received another major injection of stablecoin liquidity after Circle reportedly minted an additional $1 billion in USDC on the network around July 1. The move adds to a year that has already seen unusually large gross USDC issuance on Solana, a chain where stablecoins have become central to swaps, leverage, payments, and on-chain trading activity.
TL;DR Circle reportedly minted another $1 billion in USDC on Solana. The mint follows another $1 billion Solana USDC issuance in mid-June. Gross 2026 USDC issuance on Solana is now reported at $64.25 billion. That figure is gross issuance, not current circulating supply. The distinction between issuance and supply is important here. A large mint does not mean all of that USDC remains circulating on Solana forever. Tokens can be burned, redeemed, bridged, or otherwise moved as market demand changes. The $64.25 billion figure refers to cumulative gross issuance during 2026, not the live amount of USDC currently sitting on Solana.
Why Solana wants deep stablecoin liquidity Stablecoins are the base layer for a lot of crypto trading behaviour. On Solana, they are especially important because the network is built around fast, low-cost settlement. Traders use USDC as collateral, as a settlement asset, and as a quick way to move between volatile positions without leaving the chain.
When more USDC is minted onto Solana, it usually points to demand for on-chain dollar liquidity. That demand can come from market makers, DeFi protocols, retail traders, or institutions routing activity through Solana-based venues. It does not automatically mean prices will rise, but it does show that the network remains a live venue for capital movement.
Gross issuance is not the same as circulating supply This is the part worth spelling out because the headline number can be easy to misread. Gross issuance counts how much USDC has been minted onto Solana across a period. Circulating supply reflects what remains after redemptions, burns, and transfers are accounted for.
So the $64.25 billion figure should not be treated as a claim that Solana currently has that exact amount of USDC active on-chain. Instead, it is a signal of throughput. It shows how much dollar liquidity has been created through the network during the year, even if some of that liquidity later moved elsewhere or was redeemed.
A stronger foundation for Solana DeFi For Solana’s DeFi ecosystem, this matters because stablecoin depth affects trading quality. More available USDC can improve routing, reduce friction, support lending markets, and make it easier for larger participants to enter and exit positions. In a market where liquidity often moves quickly between chains, stablecoin depth is one of the clearer signs of where users are actually active.
The latest mint also arrives at a time when Solana remains closely tied to high-velocity trading, meme coin activity, and decentralized exchange volume. That can make liquidity demand volatile. But it also keeps Solana near the center of the market’s most active trading lanes. For now, the fresh USDC mint reinforces the view that Solana is still attracting serious on-chain dollar flow.
This report is based on information from Solscan.
This article was written by the News Desk and edited by Samuel Rae.
World launches as a fully onchain prediction market on the Solana blockchain, letting users bet on Bitcoin prices and the 2026 FIFA World Cup directly from Phantom.
A new prediction market just went live on Solana and it wants to change how people bet on world events.
World launched on July 1, 2026, as a fully onchain prediction market. A prediction market is a platform where you bet real money on whether an event will occur or not and win if you predict it right.
World is available inside the Phantom wallet and at world.xyz.
What you can bet onAt launch, World offers two types of markets. The first covers crypto prices, simple bets on whether Bitcoin goes up or down. The second covers the 2026 FIFA Men's World Cup. More markets across sports, politics, and global events are planned in the weeks ahead.
How it worksMost prediction markets move your money off the blockchain into a separate system. World keeps everything onchain. Your funds stay in your Solana wallet until you choose to enter a market. Every bet, every payout, and every settlement happens directly on Solana, no middlemen, no waiting.
"World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are," said Solana Foundation's consumer head Pedro Miranda.
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How to access itWorld is built directly into Phantom, Solana's most widely used wallet with more than 20 million users. There is no separate app to download.
Open Phantom, go to prediction markets, and start trading in seconds. Winnings are paid out automatically in $CASH, a stablecoin that runs natively on Solana.
Solana processes thousands of transactions per second at minimal cost, and for a prediction market, that is not a nice-to-have. Slow settlement and high fees do not just frustrate users. They break the product entirely.
How World settles betsTraditional prediction markets rely on humans to manually confirm outcomes and close markets, a slow process that creates delays and uncertainty.
World uses Chainlink, an industry-standard data service that feeds real-world information directly into blockchain applications, to resolve markets automatically the moment an outcome is confirmed.
"World's integration of Chainlink is a major milestone in prediction markets moving away from human-driven legacy solutions to advanced decentralized infrastructure that unlocks immediate market resolutions," said Johann Eid, chief business officer at Chainlink Labs.
The Phantom integration is the first of several distribution partnerships World plans to announce across fintech and crypto platforms throughout July.
Solana price is trading near $77, roughly flat over the past 24 hours, with the broader crypto market holding a cautious equilibrium as Q2 2026 closes. The session’s most consequential data point is not a price move, it is a revenue figure: Solana’s decentralized application ecosystem generated $257 million in Q2 2026, topping every Layer 1 and Layer 2 blockchain on the market for the ninth consecutive quarter.
Among notable altcoin moves, Ethereum is up roughly 1.2% over 24 hours while Base-native tokens show mixed performance. Total market 24-hour volume is tracking near $98 billion, marginally above the prior session, suggesting participation is steady rather than surging.
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Nine Quarters, One Network: What Solana’s Revenue Streak Actually Means The central question this data raises: is Solana’s dominance a cyclical accident or a structural reality? Nine consecutive quarters of leading all blockchains in dApp revenue, a streak running since early 2024, argues strongly for the latter. Ethereum, Tron, Base, and Hyperliquid have each had moments at the top. None has dislodged Solana.
The $257 million Q2 2026 figure represents a slight year-over-year dip from Q2 2025’s $271 million, but the competitive gap remains wide. According to Syndica’s January 2026 deep dive, Solana held 41% of total Web3 dApp revenue at the start of the year, up from 33% in December 2025, with global Web3 dApp revenue totalling $385 million that month and Solana’s $158 million slice representing a 72% month-over-month jump.
That is not a plurality. That is a near-majority of an industry-wide metric held by a single network.
📊DATA: In Q2 2026, @Solana dApps generated $257M in revenue, leading all L1 and L2 blockchains for the 9th consecutive quarter. pic.twitter.com/syrtL3LFjY
— SolanaFloor (@SolanaFloor) July 1, 2026
Protocol-level data from TheStreet adds granularity. In Q1 2026, Solana posted $292 million in dApp revenue, with two applications accounting for the bulk of it: Pump.fun generated $123 million (42% of the network total) and Axiom contributed $58 million (20%).
Those two platforms alone, a memecoin launchpad and a trading terminal, captured nearly two-thirds of Solana’s entire quarterly haul. The concentration is notable: Syndica’s data found the top eight Solana dApps accounting for 78% of the network’s own revenue.
Weekly competitive data reinforces the trend’s durability. In the week ending April 20, 2026, Solana posted $16.94 million in weekly dApp revenue, its fifth consecutive week at number one, ahead of Hyperliquid at $14.18 million and Ethereum at $13.55 million.
In May 2026, Solana generated $91 million in monthly application revenue versus Hyperliquid’s $53 million and Ethereum’s $52 million, according to DefiLlama data cited by Bitcoin.com.
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The Memecoin Risk Embedded in Solana’s Revenue Model Blockchain revenue figures matter precisely because they are harder to game than alternative metrics. Total value locked, TVL, the sum of assets deposited into DeFi protocols – can be inflated through recursive deposits, where the same capital is counted multiple times across lending and liquidity pools. Daily active addresses can be manufactured. Revenue cannot: it reflects users paying fees for something they chose to use.
That said, Solana’s revenue mix carries a concentration risk that investors in SOL should price honestly. Memecoins and memecoin-adjacent trading infrastructure, Pump.fun being the clearest example, have driven a disproportionate share of the network’s fee income. If speculative appetite in that category cools materially, the quarterly totals will register it.
The $200 million-plus threshold is the number to watch for Q3 2026: can Solana hold it without a memecoin trading supercycle providing the floor? Solana memecoin DEX volume trends heading into July 2026 suggest the category remains active, though below its early-2026 peak.
Solana's revenue is twofold. People only talk about half of it, but retail will trade both
Memes: Pumpfun is the memecoin casino, which brings attention and volumes to the chain
Then you have productive assets like MetaDAO, perps onchain , etchttps://t.co/ypVkyFVE4g pic.twitter.com/vdtSfDLQQQ
— Ansem 🐂🀄️ (@blknoiz06) June 25, 2026
The more constructive read is that DeFi and consumer applications are maturing as a second revenue pillar. Axiom’s sustained presence in the top two earners, $58 million in Q1 2026 after a breakout $126.6 million in Q2 2025, according to The Currency Analytics, shows that trading infrastructure beyond pure memecoin issuance is generating durable fees.
For a fuller picture of how institutional capital is positioning around Solana’s structural lead despite recent price softness, the SOL institutional adoption and price divergence analysis lays out the tension clearly.
Meanwhile, Ethereum’s path back to dApp revenue leadership runs through its Layer 2 ecosystem, Base, Arbitrum, Optimism, but that revenue remains fragmented across multiple chains. Aggregated, it still does not consistently match what Solana generates as a single unified network.
Ethereum’s own challenges at the base layer, detailed in the current Ethereum price and key levels outlook, compound the difficulty of closing that gap in the near term.
Nine quarters of leading all blockchains in dApp revenue is no longer a streak. It is a structural baseline, and the Q3 2026 data will show whether Solana’s non-memecoin revenue base has grown enough to defend it independently.
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Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, with a private beta planned in the coming days as the platform rebuilds after a $295M April exploit.
Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, the protocol's official X account announced on Wednesday. Solana's own account confirmed the switch shortly after, posting "FYI: @driftprotocol is now @VelocityDEX."
Velocity DEX said the new name reflects "a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for," and that a private beta will go out to select partners and traders "in the coming days." The rebrand follows an April 1 exploit that drained roughly $295.4 million from Drift's vaults, an attack Mandiant attributed to a DPRK-affiliated threat actor as part of the token-based recovery framework Drift set up to repay affected users, backed by exchange revenue, a $127.5 million Tether commitment and up to $20 million from partners.
Crypto-native aggregator DegenerateNews flagged the rebrand alongside the exploit history hours after Velocity's own post went out. Elliptic had earlier put the exploit total at $286 million in its own tracing of the attack, a figure in the same range as Drift's own $295.4 million tally.
Under the planned relaunch, Drift's replacement will operate as a leaner, perpetuals-only venue settled in USDT instead of USDC, dropping ancillary products such as Isolated Markets and Amplify, according to the recovery plan The Defiant covered last month. The protocol is also removing the durable-nonce mechanism that attackers exploited to get Drift's Security Council to unknowingly pre-sign transactions, and shifting to a freshly deployed program with rotated keys.
Chainalysis found the attackers used Solana's durable-nonce feature to obtain pre-signed transactions from Security Council members after a months-long social-engineering campaign, a method Elliptic linked to infrastructure associated with past DPRK-attributed operations. Under Drift's recovery framework, affected wallets received transferable tokens representing $1 of verified loss each, redeemable once the recovery pool clears $5 million and funded through a mix of protocol revenue, the Tether commitment and partner contributions.
Mainnet deployment of the rebuilt exchange will require instruction-level audits, time-locked admin actions and review under Solana's STRIDE security program, per the recovery plan. Velocity DEX gave no exact date for the public relaunch beyond the coming private beta, though Drift's recovery plan had targeted a Q2 2026 return to full service.
World has launched a fully onchain prediction market on Solana, allowing Phantom users to trade contracts tied to crypto prices and the 2026 FIFA Men’s World Cup.
millions wondered "what is world xyz?" 🌎
world is the @solana prediction market
world is live in @phantom with @chainlink as oracle infra
world is how the world trades what happens next
world is just getting started https://t.co/Dkis959FTU pic.twitter.com/CtTg8ZaGWL
— world (@world_xyz) July 1, 2026
The platform is available through Phantom and its own website, with trading, positions and settlement handled on Solana. World said users retain custody of their funds until they enter a market, rather than depositing assets with a centralized operator.
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Initial offerings include short duration Bitcoin price markets and contracts covering the World Cup. World plans to expand into additional sports, political, geopolitical and macroeconomic events in the coming weeks.
World uses CASH, Phantom’s stablecoin, as its settlement asset. Winning positions are designed to be redeemed automatically after a market is resolved.
Chainlink serves as the platform’s primary oracle provider through its Data Streams and Chainlink Runtime Environment infrastructure. The integration supplies external data used to determine outcomes and automate market resolution.
Phantom’s disclosures identify World as the issuer of tokenized event contracts and the infrastructure provider for positions opened through the wallet from June 1. Phantom had previously offered prediction markets powered by Kalshi through DFlow.
The disclosures also warn that oracle failures, delayed data, manipulation or incorrect information could lead to improper resolutions or financial losses.
World said the Phantom integration is the first of several distribution partnerships it plans to activate across crypto and traditional financial platforms during July.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The platform, unmasked in late June after two-plus years as an anonymous "Trade Everything" teaser account, opens trading in Phantom's CASH stablecoin and leans on Chainlink oracles instead of human-run resolution.
World, a prediction market built on Solana, went live inside the Phantom wallet and at world.xyz on July 1, using Chainlink as its primary oracle infrastructure, according to the project's own X post.
The platform lets users trade event contracts on crypto prices and the 2026 FIFA World Cup, with sports, geopolitics and macroeconomic markets planned in the coming weeks.
World is non-custodial, funds move only when a user enters a market, and positions, settlement and redemptions occur onchain. Winning positions settle automatically in $CASH, Phantom's stablecoin, rather than requiring users to manually claim payouts.
Anonymous TeaserWorld's identity was a mystery for roughly two and a half years before this week's unveiling. The @world_xyz account had circulated on X since late 2023 with little more than a glowing globe graphic, cryptic posts and the tagline "Trade Everything," fueling speculation the project could be a meme coin, a trading app or broader Solana infrastructure.
The project's identity surfaced not through a product announcement but through a legal disclosure: a page on Phantom's site named "World Prediction Markets" as the non-custodial protocol powering the wallet's onchain prediction markets, providing order routing to Solana liquidity providers for positions opened on or after June 1, according to Phantom's disclosure page and help-center documentation. The disclosure was first spotted and publicized on X in late June, per Solana Compass, ahead of this week's public launch.
World's team has not been publicly identified, and the project has no announced token. No funding round or investor backing has been disclosed. World replaces a prior arrangement in which Phantom's in-app prediction markets ran on Kalshi, the CFTC-regulated exchange, via order-routing infrastructure that launched inside Phantom in December 2025.
Chainlink Steps In for ResolutionChainlink supplies World with market data and resolution infrastructure through Chainlink Data Streams and the Chainlink Runtime Environment (CRE). CRE, which Chainlink launched in November 2025, is an orchestration layer letting developers deploy workflows executed across decentralized oracle networks, extending consensus-based verification to off-chain computation and data delivery.
Other event-contract platforms have moved the same direction: Polymarket integrated Chainlink oracles in September 2025 to automate settlement of short-duration crypto price markets, and Aave adopted Chainlink Automation and CRE to automate governance operations across 18 chains. Chainlink separately struck an oracle deal with ADI Predictstreet, an official FIFA World Cup 2026 partner running its own prediction markets.
Pedro Miranda, head of consumer at the Solana Foundation, was quoted in the announcement: "Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are."
A Fast-Growing MarketWorld enters a sector that has expanded rapidly over the past year. Kalshi raised $1 billion in May at a $22 billion valuation and passed $100 billion in lifetime trading volume in June, with single-day volume topping $1 billion for the first time during a stretch of overlapping sports events. Polymarket took a $2 billion strategic investment from Intercontinental Exchange in October 2025 at roughly an $8-9 billion valuation and relaunched for U.S. users after acquiring the CFTC-licensed exchange and clearinghouse QCX for $112 million, a deal that closed after the Department of Justice and the CFTC dropped a probe into the platform.
World is not the only Solana-native entrant. Jupiter unveiled a competing "Forecast" beta on June 29 offering 15-minute bitcoin price markets, per its own announcement. Other Solana-based prediction market efforts include Drift Protocol's BET product and Hxro Network's Parimutuel Protocol.
Regulatory scrutiny of the sector continues. The CFTC, now chaired by Michael Selig, has moved to expand event-contract access rather than restrict it, publishing a formal rulemaking notice on prediction markets in June, according to the CFTC. Kalshi has continued to face state-level legal challenges over sports-related contracts even as a federal appeals court ruled in April that federal commodities law preempts state gaming law in at least one case, per Skadden's summary of the Third Circuit decision.
Onchain BackdropWorld's launch comes as trading activity on Solana has picked up after a volatile year. The network's decentralized exchange volume totaled roughly $67.3 billion over the trailing 30 days, up about 58% from the prior 30-day period, according to DefiLlama. Solana's total value locked in DeFi stood at roughly $4.85 billion, down from about $8.68 billion a year earlier, per DefiLlama.
CASH, the stablecoin World uses for settlement, launched in September 2025 as the first stablecoin issued on Bridge's Open Issuance platform. Its circulating supply has grown to about $121 million, according to DefiLlama — a fraction of USDC's roughly $73.9 billion and USDT's roughly $184.9 billion, but up from about $100 million in December, as The Defiant previously reported.
SOL traded at $76.91, up 5.6% over 24 hours and 11.5% over the past week, while LINK traded at $7.38, up 3.1% over 24 hours but down roughly 16.8% over the past month, according to CoinGecko.
Crypto analyst Ali Martinez said that signals indicating a long-term market reversal are emerging in major crypto assets, particularly Bitcoin. According to Martinez, the Tom DeMark (TD) Sequential indicator is giving a bullish signal for Bitcoin, Ethereum, XRP, and Solana on the monthly charts.
The analyst noted that trend exhaustion signals, especially those seen in higher timeframes like monthly charts, are significant. Martinez stated that in the past, multiple major crypto assets simultaneously generating monthly bullish signals indicated seller fatigue and long-term market lows.
Another data point highlighted by Martinez concerned the profit and loss status of Bitcoin’s supply. According to the analyst, for the first time in this cycle, the amount of Bitcoin held at a loss reached 10.45 million BTC, surpassing the 9.60 million BTC held at a profit.
Martinez said that the fact that more than half of the circulating Bitcoin supply is at a loss indicates that the speculative bubble in the market has largely cleared. The analyst argued that such crossovers have only been seen very close to major cycle bottoms in Bitcoin’s 15-year history.
Looking at past examples, a similar intersection first occurred in September 2011, and Bitcoin bottomed out in November 2011, starting a new bull market. The second intersection took place in September 2014, and after the market consolidated under these conditions until October 2015, it entered a new expansion period.
The third intersection, seen in November 2018, coincided with one of the harshest periods of the bear market. Following this, Bitcoin began a new bull cycle in March 2019. A similar intersection occurred during the liquidity crisis of March 2020, but this lasted only 17 days, and Bitcoin recorded a strong recovery by April 2020.
According to Martinez, the first supply intersection of the current cycle officially occurred in June 2026, and the metrics have continued to move in the opposite direction since then. The analyst argued that while such periods have lasted from a few weeks to a few months in past data, Bitcoin is currently trading in a region of high-reliability accumulation.
*This is not investment advice.
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Bitcoin reclaimed the $60,000 level, lifting major cryptocurrencies higher suggesting a potential long-term buying opportunity may be emerging despite lingering downside risks.
Notable Statistics:
Coinglass data shows 97,328 traders were liquidated in the past 24 hours for $398.51 million. SoSoValue data shows net outflows of $222.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $27.6 million. In the past 24 hours, top gainers include MemeCore, Jupiter and Venice Token. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez says the monthly charts for Bitcoin, Ethereum, XRP and Solana are flashing Tom DeMark (TD) Sequential buy signals, a technical indicator often associated with trend exhaustion and potential reversals.
This suggests selling pressure may be fading and could mark the formation of a long-term market bottom.
Trader Jelle explained that historically Bitcoin bear markets have tended to bottom roughly a year after they begin, despite sentiment often feeling most pessimistic near the end of the cycle.
If the current cycle follows a similar timeline, the market could be about 75% through the downturn, indicating that the final phase of the bear market may be approaching. However, analysts caution that history does not guarantee the same outcome.
Trader KillaXBT expects short-term relief for Bitcoin despite maintaining a bearish longer-term outlook.
After sweeping major liquidation levels, BTC could stage a temporary rally before potentially making one final move toward the low $50,000 range.
Image: Shutterstock
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Record SOL Holdings After a Big Q3 Buy@FWDind shares jumped more than 17% on Wednesday after the Nasdaq-listed company disclosed it purchased over 500,000 $SOL during its fiscal third quarter, which ended June 30. Total holdings now stand at 7.55 million $SOL, worth roughly $576 million, acquired at an average price near $79 per token.
That haul puts $FWDI well ahead of its nearest rivals. Forward Industries holds the largest publicly listed Solana treasury, bigger than its next three competitors combined. The latest quarterly purchase only extended that gap.
Since launching its treasury strategy in September 2025, Forward has assembled what it describes as the largest Solana treasury in the world, staked the majority of its SOL to its own validator infrastructure, and launched fwdSOL as a liquid staking token. The company's stated long-term goal is to compound SOL per share materially faster than the SOL staking rate.
Russell Index Inclusion Opens a New Capital Channel Forward Industries joined the Russell 2000 and Russell 3000 on June 29, 2026, and the company said index inclusion may improve liquidity and expand its shareholder base. Management is leaning on that new visibility to raise fresh capital and continue scaling its $SOL position.
Chief Investment Officer Ryan Navi said inclusion in both indexes marks an important milestone and reinforces growing institutional recognition of the company's strategy. He added that the listing is expected to expand Forward's shareholder base and improve trading liquidity.
$FWDI was trading near $4.93 at the time of the announcement. $SOL touched a one-month high above $77, recovering sharply from a June low near $60.
The company deploys its assets through a range of on-chain opportunities, including staking, lending, and participating in decentralized finance. Forward Industries maintains sufficient operating capital and carries no corporate debt.
Sources:
Forward Industries SEC Form 8-K Filing (FY2026)
GlobeNewswire: Forward Industries Set to Join the Russell 2000 and 3000 Indexes
Decrypt: Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL
World, the enigma that has captivated the attention of the Solana ecosystem for several weeks, has finally been revealed as what is expected to be a highly-competitive, Solana-native prediction market.
Powered by Chainlink oracles, World prediction markets have been rolled out to Phantom users directly within the wallet, using $CASH as its settlement stablecoin.
The launch gives Solana a genuine contender in one of crypto’s most electric sectors, with prediction market giants like Kalshi and Polymarket currently dominating market share.
World Revealed as Solana’s Newest Prediction Market After sparking speculative discussions across Solana regarding its origins and intentions, World has finally been unveiled as a Solana-native prediction market. World is currently live in Phantom, with initial markets capturing FIFA World Cup matches and crypto up-or-down price movements.
Where many prediction markets rely on centralized infrastructure, offchain engines, and obscure systems, World brings the entire events contract trading experience onchain. Liquidity and execution is fully onchain, giving traders the transparency and finality that only DeFi can provide.
“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are.” - Pedro Miranda, Solana Foundation Head of Consumer
World’s oracle and resolution data will be powered by Chainlink, a collaboration the venue argues will overcome the sluggish and uncertain resolution outcomes that have plagued existing prediction markets and frustrated traders throughout 2026.
“We’re excited to see the premier prediction market on Solana adopt Chainlink as its primary oracle infrastructure. World’s integration of Chainlink is a major milestone in the broader industry trend of leading prediction markets moving away from human-driven legacy oracle solutions, to advanced decentralized oracle infrastructure that unlocks immediate market resolutions and positions the space to scale to trillions in volume.” - Johann Eid Chainlink Labs Chief Business Officer
Initial Access Rolled Out to Phantom Users For eagle-eyed network participants, and those who are perennially online, World’s unveiling as a prediction market came as no huge surprise. Announced on June 29, Phantom listed World of its new World Cup prediction markets in the wallet’s disclaimers.
At launch, World is only accessible to Phantom users, with markets settled exclusively in its proprietary stablecoin, $CASH. World has teased future frontend integrations with other applications across both traditional fintech venues and the Solana’s flourishing DeFi economy.
Meanwhile, World’s webapp is currently unavailable, with no timeline to launch other than crypto’s ubiquitous promise of “soon”.
Solana Joins Prediction Market Race in Earnest While consistently dominating spot trading and consumer app revenue across the industry, Solana has remained uncomfortably sidelined in two of the strongest crypto application verticals in the past 18 months: Perpetual futures and prediction markets.
Progress has been made on the perps front, with emerging venues like Phoenix promising to challenge the market leaders. Meanwhile, Solana’s prediction market sector remains well behind the Kalshi-Polymarket duopoly, who have dominated the sector since its inception.
World’s launch helps evolve Solana into one of the industry’s most active and diverse onchain economies, bringing the network once step closer to solidifying its position as crypto’s “everything exchange”. With World joining the fold, Solana finally has a competitive horse in the race, promising a fully onchain, composable prediction market venue capable of challenging the incumbents.
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The Kyle Samani-led Forward Industries has resumed accumulating $SOL, purchasing more than 500,000 $SOL from April to June 2026 at an average price of approximately $79 per token. The acquisition, valued at roughly $39.5 million, increased the company's treasury to 7.55 million $SOL, reinforcing its position as the largest publicly traded Solana treasury company by holdings.
The company also disclosed that it sold 93,642 shares of common stock through its At The Market offering during the quarter while achieving an annualized $SOL per share growth of 36%. According to Forward, this reflects its ability to raise capital from public markets while increasing $SOL exposure on an accretive basis for shareholders.
Forward said its recent inclusion in the Russell 2000 and Russell 3000 indexes improves its ability to access institutional capital. The company also highlighted its financing structure, which uses $fwdSOL as collateral with institutional partners to borrow at a lower cost than its staking yield, which currently ranges from 6.4% to 7.3%.
“Our mandate is simple: maximize SOL per share and create long-term shareholder value. Our execution this quarter demonstrates our ability to employ multiple capital formation strategies to acquire additional SOL in a highly accretive manner. By repurchasing shares when Forward trades at a discount to NAV and issuing equity when our shares trade at a premium, we dynamically allocate capital in a way that compounds SOL per share and enhances long-term intrinsic value.” - Ryan Navi, Chief Investment Officer of Forward Industries
A Shift After Months of Limited Buys Forward's purchase marks one of the largest corporate $SOL acquisitions in months. The previous notable treasury activity came from SOL Strategies in June, although that transaction moved in the opposite direction. The infrastructure firm sold 65,001 $SOL, representing about 12.4% of its holdings, to reduce approximately CAD 5.75 million in debt after a series of acquisitions, including Houdini Swap and Darklake.
According to Artemis data, the last significant $SOL accumulation by a Solana-focused digital asset treasury before Forward occurred in January. On January 13, Upexi entered into a securities purchase agreement with Hivemind Capital Partners for a convertible note backed by locked $SOL. The approximately $36 million transaction increased Upexi's treasury from about 2.2 million $SOL to more than 2.4 million $SOL.
Solana Company also signaled renewed interest in accumulation earlier this year. In late April, the NASDAQ-listed firm announced an $8 million registered direct offering led by Mirae Asset, with participation from HashKey Capital.
The company said it would allocate part of the proceeds toward purchasing additional $SOL while also supporting working capital and business expansion. Solana Company currently holds approximately 2.3 million $SOL.
Accumulation Returns After Failed Takeover Efforts Forward's latest purchase follows an active month of merger and acquisition attempts. In June, the company pursued acquisition proposals involving Solana Company, Solmate, and SkyAI. Solana Company rejected Forward's all-stock proposal, which valued the business at approximately $1.63 per share. Earlier proposals involving Solmate and SkyAI also failed to result in transactions.
Those proposals suggested that Forward viewed consolidation as one way to expand its position during a period when lower $SOL prices pressured treasury company valuations. Now, instead of growing through acquisitions, Forward has expanded directly by purchasing additional $SOL.
With Solana outperforming 94 of the top 100 cryptocurrencies by market capitalization in the past week and gaining more than 20%, Forward's renewed buying raises an important question for the market.
Other Solana-focused treasury companies have remained largely inactive for months, but improving market conditions could encourage more firms to resume accumulating $SOL rather than reducing their holdings.
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World Launches Solana-Native Prediction Market, Powered by Chainlink
On paper, Solana’s [SOL] July token unlock calendar couldn’t look more bearish.
At the macro level, the market is already in a bear phase, with large-cap assets breaking below key support levels and kicking off Q3 with clear capitulation signals. Against that backdrop, Solana’s latest token unlock schedule couldn’t have arrived at a worse time, coming right after SOL closed June down more than 10%.
Fourteen Solana-based tokens will unlock in July, as the chart below shows. PUMP tops the list, with $123.65 million worth of tokens scheduled to enter circulation on the 12th of July, increasing its circulating supply by a massive 21.35%. Several other Solana ecosystem tokens will also unlock throughout the month, increasing near-term supply pressure.
Source: X Naturally, the question is: What does this mean for SOL?
Under normal circumstances, a wave of token unlocks is typically a bearish overhang. As more tokens enter circulation, the market generally expects higher sell-side pressure, which can weigh on both token prices and ecosystem sentiment. From a technical perspective, though, Solana is telling a different story.
Despite ending June down more than 10%, the SOL/ETH pair climbed over 13% during the month, showing that Solana continued to outperform most large-cap assets on a relative basis. If anything, that relative strength suggests the market is already absorbing the expected supply overhang, potentially allowing SOL to diverge from the broader market once again.
Can Solana’s July token unlock fuel a SOL divergence? Despite the broader market weakness, activity across the Solana ecosystem continues to hold up.
One of the clearest examples is Pump.fun. The memecoin launchpad recently overtook both Hyperliquid and Polymarket in 24-hour revenue, underscoring the level of user activity still flowing through the Solana ecosystem. This matters because healthy on-chain activity can help absorb incoming token supply.
The chart below reinforces that view. Solana continues to process around 1,200 transactions per second (TPS), averages roughly 100 million daily transactions, attracts 4.3 million unique Daily Active Users, and has generated more than $100 million in transaction fees year to date.
Source: Artemis Against this backdrop, upcoming token unlocks shift the narrative.
Instead of being viewed in isolation as a supply shock, they sit alongside a network that is clearly still attracting and retaining users at scale. In turn, that demand helps reinforce relative strength in SOL.
As a result, the odds of Solana continuing to outperform other altcoins into July look increasingly likely. With liquidity expanding through additional USDC issuance on Solana and on-chain activity remaining elevated, the market appears better positioned to absorb incoming supply.
Final Summary Token unlocks add near-term supply pressure, but SOL’s relative strength suggests much of it may already be priced in. Strong on-chain activity and liquidity growth could help Solana absorb the new supply and keep outperforming.
World launched on July 1 as an onchain prediction market on Solana (SOL), live in Phantom Wallet and using Chainlink oracles to automatically settle trades in the CASH stablecoin.
Its debut adds a Solana-native challenger to a sector Polymarket and Kalshi already lead, where volumes have hit records.
How World Works Inside PhantomWorld operates as a non-custodial protocol rather than a traditional exchange. It routes orders to liquidity providers on Solana and does not hold user funds or run the markets itself. Traders keep positions in their own wallets as tokens until they choose to cash out.
Settlement runs through Chainlink Data Streams and its runtime environment, which feed prices and resolve outcomes with limited human involvement. Winning positions redeem automatically in CASH, a Solana stablecoin.
At launch, World lists short-duration Bitcoin (BTC) up-or-down contracts and markets on the 2026 FIFA World Cup. The debut lands as Solana runs hot.
Solana’s SOL token rose more than 5% on the day and about 16% over the week, according to BeInCrypto data.
Solana (SOL) Price Performance. Source: BeInCryptoThe team plans to add sports, politics, and macro markets through July.
World Replaces Kalshi in the WalletThe launch is the public reveal of infrastructure that has quietly run for weeks. Phantom offered Kalshi-powered markets through a DFlow integration from December 2025. It then switched to World for all positions opened on or after June 1.
Full story — what World Prediction Markets does, how it replaced DFlow/Kalshi, and what the disclosure actually says: https://t.co/hMC39dsIHj
— Solana 🧭 Compass (@SolanaCompass) June 30, 2026 Under the old setup, traders redeemed winning positions themselves, whereas World settles them automatically once an event ends.
That switch matters because Phantom reaches roughly 20 million users, giving World immediate distribution without a separate app. Kalshi, meanwhile, remains a formidable rival and is reportedly weighing a $40 billion valuation.
Before the reveal, the project ran a stealth campaign built around a glowing globe and the tagline “Trade Everything.” It even told followers there was “no product.”
“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are,” Pedro Miranda, Head of Consumer at the Solana Foundation, said in the launch announcement.
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Can World take on Polymarket and Kalshi?The incumbents carry moats World has not built. Polymarket proved the model in 2024, when more than $3 billion traded on its US presidential market. It has since expanded onto Solana through a February integration with Jupiter, contesting the same turf World now claims.
For the first time, @Polymarket is coming to Solana. On Jupiter.
Integrating Polymarket is primed for making Jupiter the most innovative predictions platform on Solana
Trade all the markets you want. On one onchain platform.
The best user-experience on Solana 🤝
The biggest… pic.twitter.com/lSpxZ93SaK
— Jupiter (@JupiterExchange) February 1, 2026 Their regulatory paths diverge sharply. Kalshi is a US-regulated exchange that beat the CFTC in court in 2024 to list election contracts. Polymarket took the opposite route, paying a $1.4 million CFTC penalty in 2022 that forced it offshore for years.
World sidesteps both, running as a permissionless onchain protocol with no license and no gatekeeper.
That freedom cuts two ways. The non-custodial model removes intermediaries, but it also forgoes the oversight and protections that anchor a regulated venue like Kalshi.
World has not published volume or liquidity figures, so its trading power stays unproven. Prediction markets reward deep books, which produce tighter spreads and steadier pricing. Distribution can pull in users fast, but that kind of depth takes time to build.
Sector momentum still helps, with prediction market open interest hitting a record $1.48 billion in June.
An unaffiliated memecoin using the World name sparked speculation on Pump.fun, though the team confirmed there is no link to it.
Prediction Market Open Interest. Source: X/a16z cryptoWorld’s case rests on distribution and instant onchain settlement, not proven scale. The World Cup becomes the first real test of whether embedded access inside Phantom turns into lasting liquidity.
Hernán Galíndez, Ecuador’s 39-year-old goalkeeper, announced his retirement from international football on July 1, 2026, moments after the team’s 2-0 loss to Mexico in the World Cup round of 32. Predictably, someone had already launched a Solana-based meme token loosely tied to his name.
The token has shown negligible market activity and carries no official endorsement from Galíndez, Ecuador’s football federation, or anyone with actual decision-making authority.
What actually happened on the pitch Ecuador’s World Cup campaign ended at Estadio Azteca, where Julián Quiñones scored at the 22nd minute and Raúl Jiménez doubled the lead at the 31st minute. The 2-0 deficit proved insurmountable.
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Head coach Sebastián Beccacece resigned immediately after the match.
Galíndez, visibly emotional in his post-match press conference, opened with a line that set the tone: “No voy a hablar de fútbol,” or “I’m not going to talk about football.” Instead, he thanked his wife for years of support while he was away on international duty, raising their children largely on her own. He followed with gratitude toward Ecuador’s fans for the warmth they’d shown him.
The goalkeeper had been Ecuador’s primary shot-stopper since 2021, accumulating 38 caps across two World Cups (2022 and 2026) and two Copa América tournaments (2021 and 2024). He currently plays club football for Huracán in Argentina.
The inevitable meme token, and why it doesn’t matter The token has no official connection to the player. It has no meaningful trading volume. It has attracted no serious investor interest.
Solana’s low transaction costs make it the preferred chain for these quick-launch tokens tied to trending topics. The vast majority go to zero. A small number generate short-lived trading frenzies. Almost none develop into projects with lasting value.
These tokens typically lack liquidity, have concentrated holder bases that can dump supply at any moment, and exist purely as vehicles for short-term speculation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana Foundation says onchain governance is now live, letting validators with at least 100,000 SOL delegated open proposals that go to a stake-weighted vote once they clear 15% cluster support.
Solana Foundation announced Wednesday that onchain governance is live on the network, letting validators propose and vote on protocol-level decisions through a system called Solana Governance Proposals, or SGPs.
The mechanism is fully onchain, stake-weighted and verified by Merkle proof, according to the Foundation's announcement thread. Any validator with at least 100,000 SOL delegated can open a proposal, and a proposal only opens for a vote once it clears 15% of cluster stake support. Delegators who disagree with how their validator voted, or whose validator did not vote at all, can override that vote using their own stake weight.
Merkle-Verified VotesThe system runs on two onchain programs described in the project's technical documentation: an NCN, or Node Consensus Network, snapshot program that establishes verifiable stake weights, and a voting program called svmgov. Whitelisted operators independently build Merkle trees of validator stake from the Solana ledger and vote on a canonical snapshot. Once they agree, a consensus result publishes onchain, and validators prove their stake weight against it with a Merkle proof when they vote.
The two onchain programs are deployed as `ncn-snapshot` and `svmgov`, according to the governance documentation, with the snapshot program building the canonical stake tree that the voting program checks against for every ballot cast.
SGPs Versus SIMDsSGPs sit apart from Solana Improvement Documents, or SIMDs, the process core developers already use for technical protocol changes. Per the solana-governance-proposals repository, a SIMD answers "how exactly do we do this," decided by technical review from core developers, while an SGP answers "should we do this," decided by a stake-weighted onchain vote. By default, decision-making stays with core developers and the SIMD process; an SGP interrupts that path only when the 15% stake-support threshold is met, and does not block a SIMD from moving forward on its own.
The Foundation pointed validators and delegators to the governance dashboard, documentation and the svmgov codebase to start participating.
The launch follows a run of Solana Foundation initiatives aimed at institutional and validator participation, including a native payments rail for subscriptions and allowances and MoneyGram joining the network as a validator.
@World_xyz has officially launched as a @Solana-native, self-custodial prediction market, integrating directly into the @Phantom mobile and desktop applications. The debut marks a notable shift in how Phantom's prediction market infrastructure operates, replacing a previous setup that routed trades through a centralized intermediary.
A Direct, On-Chain Experience for 20 Million Users The platform gives Phantom's 20M+ user base access to binary contracts on $BTC price action and the 2026 FIFA Men's World Cup, all without moving funds to centralized wrappers. Phantom's own disclosure describes World as "a non-custodial prediction markets protocol" that "provides order routing to liquidity providers on the Solana blockchain."
When a user opens a prediction market position through Phantom, that position is represented as an SPL token, a standard Solana token, that settles on-chain. Each contract is priced between $0 and $1 based on implied probability. Every position uses $CASH as the primary settlement stablecoin, enabling instant, automatic redemptions once a market concludes.
The automatic settlement is a material improvement over how Phantom's prediction markets previously worked. Before June 1, the infrastructure was provided by DFlow, operating through a Kalshi integration, where expired positions required manual redemption. Under World, payouts are redeemed automatically when an event ends.
Chainlink Replaces Slow, Human-Governed Oracle Resolution The oracle layer is a defining element of the architecture. World's backend relies on @Chainlink Data Streams and the Chainlink Runtime Environment (CRE) to resolve markets without manual intervention. The CRE provides developers the workflow execution environment required to repeatedly establish, resolve, and settle markets continuously, even on a minute-by-minute basis, all without manual intervention.
Chainlink's approach to prediction market resolutions significantly reduces payout times, often cutting them from one to two hours with legacy providers to under five minutes. Many prediction markets still rely on human-operated optimistic oracles, where someone proposes an outcome that is accepted as true unless another participant disputes it within a set time window. If no one objects, the proposed result stands and payouts are distributed accordingly. World's integration with Chainlink is designed to remove that dependency entirely.
The timing aligns with broader momentum around on-chain event markets. Monthly prediction market volume grew from $1.2 billion in early 2025 to over $20 billion in January 2026, with more than 840,000 unique wallets now participating every month. With the FIFA World Cup underway and $BTC volatility keeping crypto price markets active, World is entering a high-demand window for the product it is offering.
Sources:
Solana Compass: Phantom's Disclosure Names World Prediction Markets as Infrastructure Provider
Phantom Help Center: Trade Prediction Markets in Phantom
Chainlink Blog: The DeFi Moment for Prediction Markets
While Bitcoin experienced sharp declines in 2026, Jimmy Song, a Bitcoin Core developer and known maximalist, made important statements about BTC and altcoins.
At this point, Jimmy Song argued in his latest interview that Bitcoin is a better currency, not technology, and described all altcoins as scams.
Jimmy Song states that the biggest misconception about Bitcoin is viewing it simply as a technology.
He argues that Bitcoin should be understood not as a better technology, but as a better form of money.
Song, while having unwavering faith in Bitcoin, is vehemently critical of altcoins. He cites Ethereum and Solana as examples, expressing surprise at investors’ indifference to cyberattacks on projects like ETH and SOL. He argues that this attitude shows investors prefer gambling to making money.
Therefore, he claims that all altcoins, including ETH and SOL, are scams.
Despite the declines in Bitcoin, Song states that he still believes it has outperformed altcoins, and that BTC’s ultimate triumph will only be achieved when it becomes the world’s reserve currency.
Song also drew a parallel between the current state of artificial intelligence and Bitcoin’s GPU mining era between 2010 and 2012.
Song argues that the emergence of specialized chips similar to ASICs will significantly increase AI efficiency, and claims that the resources and capital currently concentrated in AI will eventually return to Bitcoin as the most reliable asset.
*This is not investment advice.
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World is a new onchain prediction market on Solana that allows users to trade event contracts like crypto prices and the 2026 FIFA World Cup.The platform is now live within the Phantom wallet and at world.xyz, utilizing Chainlink as its primary oracle infrastructure for market data.World enables users to trade directly from their Solana wallets, with positions, settlement, and redemptions occurring fully onchain using CASH stablecoin.World, the mysterious Solana project that garnered millions of views on X with little more than a glowing globe, cryptic posts and the tagline “Trade Everything,” is now live as a fully onchain prediction market inside Phantom.
The platform is online at world.xyz and in the Phantom wallet on iOS, Android and desktop, with Chainlink serving as its primary oracle infrastructure for its data.
Users can trade event contracts tied to crypto prices and the 2026 FIFA World Cup, with additional markets on sports, geopolitics, and macroeconomics planned for the near future, according to an announcement shared with CoinDesk.
World’s world_xyz account has built attention throughsocial media posts offering scant product details, fueling speculation that the project could be a meme coin, trading app or broader Solana infrastructure play. Copycat WORLD-themed tokens have appeared on token launchpads, though those tokens are not official World assets.
The platform's identity stayed hidden until late June, when a legal disclosure on Phantom's site surfaced on X.
World is instead a non-custodial prediction market, with users being able to trade directly from their Solana wallets and funds moving only when they enter a market. Positions, settlement and redemptions happen onchain.
World uses Phantom’s CASH stablecoin as its settlement asset, allowing winning positions to be redeemed automatically inside the wallet. Phantom gives World immediate distribution through one of Solana’s largest consumer apps and follows Phantom’s broader push into in-app markets, including Kalshi prediction markets and regulated derivatives.
“Prediction markets are one of the most powerful applications you can build on a high-performance blockchain,” Pedro Miranda, head of consumer at the Solana Foundation, in Wednesday's announcement. “World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are.”
Chainlink will provide World with market data and resolution infrastructure through Chainlink Data Streams and the Chainlink Runtime Environment.
The setup is meant to reduce reliance on human-led resolution, a longstanding friction point in prediction markets. Other event-contract platforms have also moved toward oracle-based settlement, including Polymarket for some price-based markets.
World is not the only Solana-native prediction market. Jupiter unveiled its Forecast beta on June 29, offering 15-minute bitcoin price markets.
The Phantom debut is the first of several frontend distribution partnerships World plans to activate across traditional fintech and crypto platforms in July.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
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.
World XYZ, a prominent prediction market on the Solana blockchain, has announced its adoption of Chainlink as its primary oracle infrastructure. This integration aims to enhance the speed and accuracy of market resolutions, particularly in categories such as cryptocurrency, sports, elections, and macroeconomic events. Chainlink serves as a critical link, connecting Solana’s smart contracts to real-world data through verified data aggregation from independent node operators. This move is expected to provide immediate resolution and payout capabilities, bypassing traditional banking delays through stablecoin rails.
The integration of Chainlink is seen as a significant enhancement for World XYZ, addressing the “oracle problem” by ensuring data accuracy and reliability. With Chainlink’s established network, which has facilitated over $6.9 trillion in transaction value since 2022, the partnership is anticipated to bolster confidence in prediction markets on Solana. Market participants may interpret this development as supportive of higher trust and efficiency, potentially influencing market dynamics across various sectors.
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Market reactions have been observed in related prediction markets, specifically in the pricing of Bitcoin. Current data suggests a notable increase in confidence for Bitcoin to reach certain price ranges by July 1, with an 84% likelihood of Bitcoin being priced between $58,000 and $60,000, up from 38% just 24 hours ago. This shift appears consistent with enhanced market confidence stemming from World XYZ’s integration of Chainlink.
Key Takeaways World XYZ’s integration of Chainlink appears consistent with efforts to enhance prediction market efficiency and reliability. Market pricing suggests increased confidence in Bitcoin price predictions, with significant movements in sub-market odds. Chainlink’s established infrastructure is expected to provide immediate payout capabilities, enhancing user experience on World XYZ. What to Watch Market participants may look for further developments in World XYZ’s performance metrics following the integration. Any additional partnerships or technological advancements could further influence market dynamics. The impact on Bitcoin’s market pricing will be crucial to observe, especially as additional data from Chainlink is utilized. Watch for statements from key financial regulators or announcements from World XYZ that could further shape market perceptions.
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Bitcoin Price On July 1 2026
Contract Odds Δ since publish Volume 24h July 1 0.5% — — View market → July 1 9% — — View market → July 1 3.6% — — View market → July 1 0.1% — — View market → July 1 87.5% — — View market → July 1 2026 0.1% — — View market → July 1 2026 0.2% — — View market → What Price Will Hyperliquid Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 35% — — View market → January 1 2027 5.5% — — View market → January 1 2027 4.6% — — View market → January 1 2027 63.5% — — View market → January 1 2027 11.1% — — View market → January 1 2027 5.5% — — View market →
Open Standard, a new consortium of more than 140 companies spanning payments, banking and crypto, announced Open USD (OUSD) on June 30, a stablecoin structured to be owned and governed by the businesses that use it rather than run for the profit of a single issuer.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.https://t.co/jqgDRs6mKf
— Open Standard (@openstandard) June 30, 2026 Solana's official account said the token will launch natively on the network from day one, ahead of a broader rollout to Polygon, Stellar and Aptos later this year.
The design breaks from how Circle's USDC and Tether's USDT operate today. Open USD charges no fees to mint or redeem and sets no volume caps, according to the announcement. Partners collect nearly all of the interest earned on the reserves backing the token, after a small management fee that covers Open Standard's operating costs, instead of an issuer retaining that yield itself. Governance sits with Open Standard, an independent company whose board is drawn from its partner base.
Zach Abrams, Open Standard's founding chief executive, previously co-founded Bridge, the stablecoin infrastructure company Stripe bought for $1.1 billion in 2025. "Existing stablecoins have great strengths, but to use them at scale, businesses need something that's open, low-cost, high-throughput, broadly accessible, and aligned to their interests," Abrams said in the announcement.
The partner list is unusually broad for a stablecoin launch. It includes payments networks and processors such as Visa, Mastercard, American Express, Fiserv, Adyen and Klarna; banks and asset managers including BlackRock, BNY, Standard Chartered, DBS and U.S. Bank; technology platforms Google, Shopify, Samsung Electronics and DoorDash; and crypto-native firms Coinbase, Ripple, Gemini, Fireblocks, Aave and Solana itself.
BNY's Carolyn Weinberg said in a supporting statement that the bank anticipates the stablecoin market could grow to $1.5 trillion by 2030. Stripe's Will Gaybrick said Open USD "will be the default stablecoin for businesses running on Stripe."
Circle was the news's clearest casualty. CRCL stock opened near $72 on Tuesday and fell to a four-month low before closing down by 17.55%. The reaction reflects how directly Open USD's model threatens Circle's core business, which relies on retaining the interest earned on USDC's reserves rather than sharing it with distributors. Open USD proposes to do the opposite by design.
Coinbase's involvement sharpened the reaction. Coinbase and Circle jointly created the Centre Consortium that launched USDC, and the two still share reserve revenue under a commercial agreement reportedly up for renewal in August. Circle paid Coinbase more than $900 million in 2024 for USDC distribution under that arrangement. Coinbase joining a rival consortium that shares reserve economics more broadly raises the question of what Coinbase will ask for when that deal comes up again.
Analysts were split on whether the selloff was justified. Dragonfly general partner Rob Hadick called the partner list "a real threat to Circle's business," noting Stripe's product suite could let the consortium undercut Circle's economics, but cautioned that "consortiums are hard and they break easily" because incentives across 140 companies are rarely aligned. Clear Street's Owen Lau argued the 17% drop was "an overreaction," pointing to Paxos' Global Dollar Network, a similar partner-owned, revenue-sharing stablecoin launched in late 2024 that has grown to only about $3 billion in supply, against USDC's roughly $73 billion and USDT's $145 billion. Newsletter writer Noelle Acheson noted the announcement left unresolved questions about Open Standard's ownership structure, its licensing framework as issuer, and exactly how reserve income will be split among 140 partners.
The bigger shift the episode points to is where value accrues in the stablecoin business. Arca CIO Jeff Dorman argued the real opportunity now lies less with issuers like Circle and Tether and more with the exchanges, payment processors, wallets and blockchains that distribute and settle stablecoins, since those are the businesses Open Standard has assembled to build OUSD. Whether that network effect materialises depends on adoption Open Standard has not yet demonstrated. A list of 140 partner logos says little about whether those companies will actually route volume through a shared token once it competes with their existing stablecoin relationships. That test only begins after Open USD launches later this year.
US-listed Bitcoin (BTC) exchange-traded funds (ETFs) recorded $4.5 billion in net outflows during June 2026. This was the worst monthly figure since the products launched in January 2024.
The redemptions coincided with a sharp price decline. Bitcoin fell 20.48% over the month, its steepest monthly drop since June 2022, when the asset shed 37.28% during that cycle’s collapse.
IBIT Leads the Institutional RetreatJune’s outflows broke the previous monthly record of $3.56 billion, set in February 2025 during an earlier stretch of market stress.
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Bitcoin ETF Monthly Flows. Source: SoSoValueBlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of the outflows. The fund alone shed $3.55 billion, close to 79% of the category’s total redemptions.
That concentration is striking. IBIT’s single-fund outflow nearly matched the entire category’s prior monthly record on its own.
The price data reinforces the pressure. Bitcoin closed four of 2026’s first six months in negative territory, with June’s 20.48% decline the deepest of the year.
How Crypto ETFs Performed in June 2026The weakness extended beyond Bitcoin, though the scale varied across categories. Ethereum (ETH) ETFs posted $528.99 million in June outflows, SoSoValue data showed.
Solana (SOL) ETFs recorded net outflows of roughly $786,580. The figure is small, but it marks the first monthly outflow for Solana ETFs since their launch, ending a run of positive months.
Top Crypto ETFs Performance in June. Source: BeInCryptoNot every category turned negative. XRP (XRP) ETFs drew $59.46 million in net inflows during June, holding positive despite the broader downturn.
Hyperliquid (HYPE) ETFs led the group with $161.05 million in inflows, the strongest June showing across the products.
The split suggests capital rotated within crypto rather than exiting entirely. Newer altcoin products absorbed fresh money even as the two largest categories saw sustained redemptions.
Whether that rotation hardens will depend on how Bitcoin trades in July, since a price rebound could pull capital back toward the incumbents.
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Solana (SOL) price extends gains on Wednesday, testing the 50-day Exponential Moving Average (EMA) around $75.00. Although institutional demand for Solana remains weak, stabilizing retail confidence, with rising funding rates and steady Open Interest, supports the mild recovery. The technical outlook for SOL shifts mildly bullish, projecting a potential breakout rally toward the $100 mark.
Solana rides on retail demand, with the jury still out on institutional supportSolana is gaining retail strength again, supporting its mild recovery, while Exchange-Traded Funds (ETFs) struggle to maintain steady inflows. CoinGlass data shows SOL Open Interest (OI) at $5.33 billion on Wednesday, stabilizing above $5 billion after a decline last month. This indicates that positional wipeout is easing, correlating with a relief in risk-off sentiment.
Funding rate, a metric that tracks Solana derivatives sentiment, rose to 0.0073% on Wednesday, indicating that traders are willing to buy long positions at a premium.
SOL derivatives data. Source: CoinGlassOn the institutional front, SOL-focused ETFs recorded $2.50 million in outflows on Wednesday, following a $5.52 million inflow the previous day, which reflects a mixed outlook.
SOL ETFs data. Source: SosovalueTechnical outlook: Will SOL extend its rally to $100?Solana hovers above $75.00 at press time on Wednesday, testing its 50-day EMA at $75.21, which serves as the immediate barrier. A decisive close above this moving average could extend Solana's mild recovery toward the 200-day EMA around $98.79. A breakout rally could support a bullish outlook for SOL, helping it reclaim the $100 mark.
Momentum on the daily chart supports breakout potential, with the Relative Strength Index (RSI) at 55, hovering just above the mid‑50s as buying pressure resurfaces. At the same time, the Moving Average Convergence Divergence (MACD) rises toward positive territory alongside its signal line, suggesting that upside momentum is improving.
SOL/USDT daily price chart.Looking down, a reversal from the 50-day EMA at $75.21 could trigger a retracement toward the February 6 low of $67.50.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
At some point, a streak stops being a streak and starts being a structural reality. Solana dApps generated $257 million in revenue during Q2 2026, topping every Layer 1 and Layer 2 blockchain on the market. That is nine consecutive quarters of leading the pack, which means Solana has held this title since roughly the beginning of 2024.
To put the consistency in perspective: Ethereum, Tron, Base, and Hyperliquid have all had their moments in the spotlight. None of them has managed to dislodge Solana from the top position for over two years.
What is driving the numbers Solana’s revenue engine runs on three main cylinders: memecoins, decentralized finance, and consumer-facing applications.
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For context, Q2 2025 saw Solana dApp revenue come in above $271 million, which means the Q2 2026 figure of $257 million represents a slight year-over-year dip but still comfortably leads all competitors. Monthly snapshots from January 2026 showed the network crossing the $100 million mark in dApp revenue within a single month, suggesting the quarterly totals are the product of sustained activity rather than one or two blowout weeks.
Earlier in 2026, Solana was reported to have captured roughly 41% of total Web3 dApp revenue across the ecosystem. That is not a plurality. That is a near-majority of an industry-wide metric, held by a single network.
Why the competition has not caught up Ethereum’s Layer 2 ecosystem, which includes Base and others, has grown substantially over the past two years. But L2 revenue is fragmented across multiple chains, and aggregating it still does not consistently match what Solana generates as a single, unified network. Tron remains dominant in stablecoin transfers, a different metric entirely. Hyperliquid has carved out a strong niche in on-chain perpetuals trading, but niche dominance is not the same as broad dApp revenue leadership.
What this means for investors and the broader market Revenue figures for blockchain dApps matter for a specific reason: they are one of the cleaner signals of genuine economic activity on a network, as opposed to metrics like total value locked, which can be inflated by recursive deposits, or daily active addresses, which can be gamed.
When a network generates $257 million in dApp revenue in a single quarter, that money came from users paying for something they wanted. It is demand-driven, not incentive-driven.
For SOL as an asset, sustained dApp revenue leadership creates a plausible fundamental narrative. Network usage drives fee revenue. Fee revenue, particularly after Solana’s move toward priority fee structures, flows in part to validators and stakers.
The more immediate risk worth watching is whether the memecoin trading activity that has contributed meaningfully to Solana’s volume figures proves durable. If that category cools significantly, the quarterly revenue figures will feel it. What investors should track going into Q3 2026 is whether Solana can sustain the $200 million-plus quarterly threshold without a memecoin supercycle propping up the numbers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
