Elon Musk owns 48.4% of SpaceX (SPCX) on paper. What he owns outright today is closer to 36%, or roughly $708 billion.
Friday’s headlines put the stakes at over $900 billion. Musk replied that the number was wrong. He was right. Read the filing line by line, and the shares he holds outright come to 4.77 billion. The two figures are $245 billion apart.
The Filing Has Four Line Items. Only Two Are HisMusk filed a Schedule 13G on Thursday. That is the form the Securities and Exchange Commission (SEC) requires from anyone holding more than 5% of a public company. It reports 6,418,547,515 shares, and it splits them four ways.
Two of the four are stock he holds now.
Trusts he controls hold 849,494,440 Class A shares and 3,916,980,790 Class B shares.
Together, that is 4,766,475,230 shares.
The other two are promises. There are 1,302,072,285 restricted shares that have not vested. There are another 350,000,000 shares he can buy through options but has not bought.
SEC rules make him count all of it. Anything a filer can vote, or can acquire within 60 days, goes into the total. So 48.4% of SpaceX is a correct legal answer. It is not an answer to what he owns.
SpaceX Ownership. Source: BeInCryptoThe math shifts once you separate them. SpaceX had 13,181,779,945 shares outstanding on July 28. Musk’s 4.77 billion is 36.2% of that.
At Monday’s price of $147.81, up 6%, it is worth about $708 billion rather than $953 billion.
SpaceX (SPCX) Stock Performance. Source: Yahoo FinanceMusk said as much himself, hours after the filing landed.
A bunch of it only vests on extremely crazy good outcomes for SpaceX, so actual full vested percentage is lower
— Elon Musk (@elonmusk) August 13, 2026
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The IPO prospectus spells out what he means. The board granted him 1 billion restricted shares in January. They vest in 15 tranches.
Each tranche needs a market capitalization target that rises from $500 billion to $7.5 trillion. Each tranche also requires SpaceX to build a permanent human colony on Mars that can hold at least one million people. Both conditions, every time.
🇺🇸 SpaceX tied Elon's pay to a Mars colony
Board approved: 200 million super-voting shares if they hit $7.5 TRILLION valuation AND build a permanent Mars city with 1 million people.
Plus 60M more if they run 100 terawatts of space data centers.
Zero if they miss.
This is how… pic.twitter.com/oQYiAm54Nq
— Mario Nawfal (@MarioNawfal) April 29, 2026
A second award covers 302,072,285 shares, carried over from the xAI merger and reissued in March. It runs across 12 tranches, from $1.065 trillion to $6.565 trillion. It also requires data centers off Earth delivering 100 terawatts of computing power a year.
Here is the part nobody reported. SpaceX judged both sets of milestones improbable as of March 31 and has recorded no compensation expense for either.
The company assigns these shares a cost of zero because it does not expect to pay them. Traders agree.
On Kalshi, a crewed Starship flight to Mars before 2030 shows a modest 13% chance, though that market is thinly traded at just $52,405.
Odds of Starship launches humans to Mars before 2030. Source: KalshiThe 350 million options are a different story. They vested in January, carry a strike of $8.3998, and run to 2031. Musk would need about $2.94 billion in cash to convert them into stock worth roughly $52 billion.
What Changes Before June 2027None of it is sellable yet. Musk agreed to a 366-day lock-up when SpaceX priced its IPO in June, and his shares carry no early-release triggers. His date is June 12, 2027.
Other holders exit first. Roughly 319 million shares are issued for free on Thursday, one of several tranches running through 2027. Anyone modeling the eventual Musk supply should use 4.77 billion shares, not 6.42 billion.
Traders who wanted SpaceX without the queue found other routes. Three SpaceX tokens launched on Solana the day the stock listed, and they settle around the clock. The founder holds the least liquid position in his own company.
One number did not move. Musk voted on the restricted shares, whether they ever vest or not, which left him with 82.4% of the vote at listing. His stake shrank on paper. His control never did.
In brief Solana's PUMP is today's the top performer in the top 100 coins by market cap, up 8.26% The technical signals on the charts are starting to paint a more optimistic picture for PUMP holders. Protocol revenue on the Pump.fun app hit a new weekly high of $10.03 million on August 11. The crypto market is up 1.1% on a Monday that opened with Fear & Greed Index score at 39, meaning markets may still be fearful, but they're not in panic mode anymore. Meanwhile, the Altcoin Season Index is at 44 out of 100, which typically means traders go to Bitcoin as a hedge against volatility and overly bearish movements. Bitcoin dominance remains high enough that most altcoins are treading water.
The native token of the Solana meme coin factory, Pump.fun, is not treading water. Pump’s token, which trades as PUMP, is the best-performing coin in the top 100 on the day, posting almost 9% of gains in today’s trading session. And the technical signals are finally backing up what the revenue numbers suggested weeks ago.
PUMP bottomed at $0.001491 in July and has since nearly doubled, touching $0.003000 intraday today before settling at $0.002933. The monthly gain sits at roughly 90%, per CoinMarketCap
The 50-day Exponential Moving Average, or EMA—which tracks short-term price momentum by weighting recent closes more heavily, is crossing above the slower and longer-term 200-day EMA, which represents the long-term trend baseline. That crossover, called a golden cross, signals a structural shift from a bearish trend to a bullish one.
It's not a guarantee of continuation, but it is the first time since PUMP launched in mid-2025 that short-term momentum has overtaken the long-term average from below. After months in which the 200-day served as a ceiling, it's now beginning to act as a floor.
The Average Directional Index, or ADX, measures trend strength independent of direction on a scale from 0 to 100. Anything above 25 is considered a trending market; anything above 40 is a strong one. PUMP's ADX reads 45.3, with the positive directional indicator above the negative—meaning bulls are in control of a strengthening move. The Relative Strength Index, or RSI, sits at 51.4, above the 50 midline that separates bullish from bearish momentum territory, but far enough from 70 to leave room for continuation without an overbought red flag.
What's driving the moveThe chart isn't operating in a vacuum. The protocol generated $11.52 million in seven-day revenue, per DefiLlama, of which $5.37 million flowed directly to PUMP token holders through the buyback-and-burn program—the mechanism that converts fee income into direct buy pressure on the token.
This means the float has seasoned, early distribution has largely cleared, and a consistent buyback gives the chart a fundamental bid that chart patterns alone don't.
Also, Pump.fun's new social trading features introduced to compete against trading app Fomo's offerings to top traders appears to have restored confidence in the protocol's positioning.
The derivatives market is also aligned. Open interest in PUMP perpetuals stands at $238.42 million, per Coinglass, up from roughly $189 million two weeks ago, when the token was still testing $0.0025.
The simultaneous rise in price and open interest suggests fresh capital is entering rather than short positions closing. Funding rates have flipped positive during the recovery, meaning leveraged longs are now paying shorts to hold their positions—a signal that the market is building conviction, though one that makes the setup more vulnerable to a sharp flush if price reverses.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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In brief Solana's PUMP is today's the top performer in the top 100 coins by market cap, up 8.26% The technical signals on the charts are starting to paint a more optimistic picture for PUMP holders. Protocol revenue on the Pump.fun app hit a new weekly high of $10.03 million on August 11. The crypto market is up 1.1% on a Monday that opened with Fear & Greed Index score at 39, meaning markets may still be fearful, but they're not in panic mode anymore. Meanwhile, the Altcoin Season Index is at 44 out of 100, which typically means traders go to Bitcoin as a hedge against volatility and overly bearish movements. Bitcoin dominance remains high enough that most altcoins are treading water.
The native token of the Solana meme coin factory, Pump.fun, is not treading water. Pump’s token, which trades as PUMP, is the best-performing coin in the top 100 on the day, posting almost 9% of gains in today’s trading session. And the technical signals are finally backing up what the revenue numbers suggested weeks ago.
PUMP bottomed at $0.001491 in July and has since nearly doubled, touching $0.003000 intraday today before settling at $0.002933. The monthly gain sits at roughly 90%, per CoinMarketCap
The 50-day Exponential Moving Average, or EMA—which tracks short-term price momentum by weighting recent closes more heavily, is crossing above the slower and longer-term 200-day EMA, which represents the long-term trend baseline. That crossover, called a golden cross, signals a structural shift from a bearish trend to a bullish one.
It's not a guarantee of continuation, but it is the first time since PUMP launched in mid-2025 that short-term momentum has overtaken the long-term average from below. After months in which the 200-day served as a ceiling, it's now beginning to act as a floor.
The Average Directional Index, or ADX, measures trend strength independent of direction on a scale from 0 to 100. Anything above 25 is considered a trending market; anything above 40 is a strong one. PUMP's ADX reads 45.3, with the positive directional indicator above the negative—meaning bulls are in control of a strengthening move. The Relative Strength Index, or RSI, sits at 51.4, above the 50 midline that separates bullish from bearish momentum territory, but far enough from 70 to leave room for continuation without an overbought red flag.
What's driving the moveThe chart isn't operating in a vacuum. The protocol generated $11.52 million in seven-day revenue, per DefiLlama, of which $5.37 million flowed directly to PUMP token holders through the buyback-and-burn program—the mechanism that converts fee income into direct buy pressure on the token.
This means the float has seasoned, early distribution has largely cleared, and a consistent buyback gives the chart a fundamental bid that chart patterns alone don't.
Also, Pump.fun's new social trading features introduced to compete against trading app Fomo's offerings to top traders appears to have restored confidence in the protocol's positioning.
The derivatives market is also aligned. Open interest in PUMP perpetuals stands at $238.42 million, per Coinglass, up from roughly $189 million two weeks ago, when the token was still testing $0.0025.
The simultaneous rise in price and open interest suggests fresh capital is entering rather than short positions closing. Funding rates have flipped positive during the recovery, meaning leveraged longs are now paying shorts to hold their positions—a signal that the market is building conviction, though one that makes the setup more vulnerable to a sharp flush if price reverses.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Treasury’s new stablecoin rules would decide which dollar tokens can legally reach US buyers. Chains already running on a licensed dollar hold the edge, and six altcoins sit closest to it.
Nothing is final yet, and Treasury opened a 60-day comment period. The hard deadlines land in January 2027 and July 2028.
How Treasury’s New Stablecoin Rules Sort the ChainsCongress passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July 2025. The idea is simple. A dollar token needs a US license to reach American users.
Two dates carry the weight. Unlicensed issuance inside the country ends on January 18, 2027. Then from July 18, 2028, platforms generally cannot sell payment stablecoins to US persons. Only licensed issuers pass.
No issuer holds that license yet, because licensing opens in 2027. However, the queue has already formed.
The Office of the Comptroller of the Currency (OCC) approved five trust bank charters last December on a conditional basis. Circle, Ripple, Paxos, Fidelity Digital Assets, and BitGo made that list. Circle then went further and won final approval in July.
Treasury Secretary Scott Bessent framed the goal as certainty.
“Treasury welcomes input from stakeholders as we work to provide the regulatory certainty businesses need to innovate and grow in America…” read an excerpt in the Monday announcement, citing Bessent.
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This is the third time Treasury has asked the industry to weigh in. It opened a second comment window last September.
.@POTUS and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework. @USTreasury welcomes input from stakeholders as we work to provide the regulatory…
— Treasury Secretary Scott Bessent (@SecScottBessent) August 17, 2026
Europe Already Ran This ExperimentThe US is not first. Europe’s Markets in Crypto-Assets (MiCA) rules set a similar test, and the result is on record.
Binance told European users on March 3, 2025 that eight tokens would go. USDT also led that list. Margin pairs were delisted on March 27 and converted to USDC automatically.
Spot pairs then followed on March 31. In its announcement, Binance pointed users toward USDC.
That is the pattern the GENIUS Act now sets up for America, only on a far larger base.
6 Altcoins That Could Benefit From the ProposalStablecoins hold about $300 billion across all chains, according to DefiLlama.
Total Stablecoin Market Cap. Source: DefiLlamaThe ranking below uses one measure. It is the share of each chain’s stablecoin supply that already sits with a licensed issuer.
Hyperliquid (HYPE)
Hyperliquid carries $6.18 billion in stablecoins. USD Coin (USDC), issued by Circle, makes up 97.8% of it. No other major chain leans so hard on a single licensed issuer. HYPE trades at $59.34, up 3.9%. It is also the only altcoin here in profit over 12 months, at 26.3%.
Arbitrum (ARB)
USDC covers 63.5% of Arbitrum’s $3.5 billion stablecoin base. Foreign-issued tokens face the tighter test, so that mix helps. ARB trades at $0.0749, up 1.2%.
Polygon (POL)
Polygon holds $3.03 billion in stablecoins, with USDC at 53.3%. A slim majority therefore sits with a chartered issuer. POL changed hands at $0.0781 after a 3.8% gain.
Solana (SOL)
Solana’s $15.33 billion base ranks third among all chains. USDC leads it at 43.5%, ahead of Tether (USDT). SOL trades at $75.84, up 0.9%.
Ethereum (ETH)
Ethereum hosts $146.57 billion in stablecoins, nearly half the global total. However, USDT holds 50.4% of that. The rest, about $73 billion, is the deepest non-Tether pool anywhere. Meanwhile, ETH price near $1,900 reflects a 1.4% gain to $1,904.24.
XRP
Ripple issues Ripple USD (RLUSD) and holds one of those conditional charters. More than half a billion dollars of RLUSD supply moved to XRPL. That network passed Ethereum as RLUSD’s main settlement venue in June. XRP trades at $1.002, up 0.3%.
6 Altcoins That Could Benefit From Treasury’s New Stablecoin RulesTron Holds the Largest Bet the Other WayTron carries $92.04 billion in stablecoins, second only to Ethereum. USDT makes up 97.9% of that. The chain therefore has almost no licensed alternative.
BeInCrypto reported in March that Tron’s USDT balance had passed Ethereum’s. TRX trades at $0.3313, up 0.1%.
Tether is not sitting still, however. It launched a US token called USAT in January through Anchorage Digital Bank. The company says USDT is working toward GENIUS Act compliance.
None of this promises a rally. Every altcoin listed except HYPE is down 58% to 86% over the past year. Monday’s moves also stayed under 4%. The comment file closes 60 days after Federal Register publication. That is where the real fight happens.
Bitwise Asset Management announced a partnership with Superstate on Thursday to develop the capability for shares of certain Bitwise funds to be held in tokenized form, naming its Solana Staking ETF as the expected first candidate, though the firm was clear there's no guarantee the product ultimately launches that way.
Under the framework the companies are developing, tokenization would change only how share ownership is recorded, not the rights attached to it. Investors would continue buying the same shares of the same fund, through the same channels, at the same net asset value — the only new choice is whether those shares sit in traditional book-entry form through the Depository Trust Company or as a blockchain-based token maintained through Superstate's transfer-agency infrastructure. Tokenized shares would not be freely transferable outside that recordkeeping system, so they wouldn't move to other wallets or trade on decentralized exchanges the way most crypto tokens do. BSOL, which lists on NYSE Arca, held roughly 8.19 million SOL worth approximately $622.8 million in net assets as of August 12, and continues staking its full Solana position through Bitwise's own validator infrastructure for a roughly 7% reward rate. Superstate's existing funds, USTB and USCC, have already run this same infrastructure at institutional scale before Superstate began licensing it to outside asset managers through its FundOS platform.
BSOL wasn't chosen at random. Blockhead covered its record-setting arrival in October 2025, when the fund pulled in $65 million on its opening day and $72 million on its second — the strongest debut of any ETF launched that year, according to Bloomberg's Eric Balchunas. Blockhead's coverage of the Solana staked-ETF category since has tracked how competitive it's become: Morgan Stanley entered the space in July with lower fees than Bitwise, Grayscale, and REX-Osprey, betting that brand recognition with wealth managers mattered more than being first. Tokenization gives Bitwise a different kind of differentiation to compete on — not price, but format.
The framing matters more than the mechanics. Bitwise isn't proposing a crypto-native product; it's proposing a new settlement rail for a fund that already exists inside the regulated ETF wrapper, keeping DTC book-entry as one option rather than replacing it outright. That's a narrower, more conservative version of tokenization than the fully onchain models some rivals have floated, and it's precisely the caution that makes this plausible as the actual first mover: a fund manager testing whether large asset managers will accept blockchain-based recordkeeping without first requiring them to accept blockchain-native trading, transferability, and custody all at once.
Solana is facing fresh questions over the quality of its leading applications after Curve Finance founder Michael Egorov criticized Pump.fun and Phantom wallet. While Solana continues to attract strong retail activity, the comments have renewed debate around memecoin risks, wallet usability and the responsibility of permissionless platforms.
In the meanwhile, Pump.fun continues to generate strong revenue, while legal disputes and alleged MEV activity add further pressure around the platform.
Egorov Questions Pump.fun and PhantomCurve Finance founder Michael Egorov criticized Pump.fun, describing the Solana-based memecoin launchpad as a “casino of scams” because of the large number of speculative and potentially fraudulent tokens created through the platform.
Ser, wtf. https://t.co/nPJA6XNvDE is a casino of scams called memecoins. Phantom wallet barely works (I had very bad experience trying to connect it to hw wallet – it worked at the end but UX was worse than Metamask).
Solana DOES does ecosystem support very well, but best…
— Michael Egorov (@newmichwill) August 16, 2026 He also raised concerns about Phantom’s hardware-wallet experience, saying that connecting the wallet was considerably more difficult than using MetaMask.
Egorov acknowledged that the Solana Foundation has provided strong support to its ecosystem but argued that some of its leading applications do not match the strength of the underlying network.
Tomi204 Defends the EcosystemClawPump co-founder Tomi204 pushed back against the criticism and offered a different view.
pump fun just provides a service, people use it however they want, that’s the free market. Lots of things in crypto are a casino, even on Ethereum – the truth is the memecoin market exists and pump fun dominates it; if it didn’t exist, someone else would be doing the same thing.…
— tomi204 (@tomi204) August 16, 2026 His main points were:
Pump.fun provides infrastructure, while users decide how they use it.Scam tokens are partly a result of permissionless markets and user behavior.Memecoin trading has genuine demand and cannot simply be ignored.Phantom remains a strong option for average users because of its simple mobile and Web3 experience.Advanced hardware-wallet functions may be more relevant to experienced users.The exchange highlights a wider question over whether platforms should be judged by how users operate them or by the risks created through their design.
Pump.fun Revenue Keeps GrowingDespite the criticism, Pump.fun continues to attract substantial trading activity.
The platform has reportedly:
Generated around $12 million in weekly revenue.Become the third-highest-earning crypto protocol, behind Tether and Circle.Crossed $1.2 billion in cumulative revenue since early 2024.Earned money through token trading fees, graduation fees and PumpSwap.The figures underline the scale of retail demand for memecoin trading on Solana.
Legal and MEV Concerns RemainPump.fun is also dealing with several external challenges.
Class-action lawsuits and federal racketeering allegations have accused the platform of operating like an “illegal digital casino.”
Court filings reportedly included internal messages from co-founder Alon Cohen acknowledging that most traders lose money on low-market-cap tokens.
A separate whistleblower leak involving more than 5,000 private chats reportedly detailed alleged insider activity and MEV bots extracting liquidity from retail traders through automated bonding-curve strategies.
For Solana, the debate now extends beyond network speed and low fees. The quality of applications, user protection, wallet experience and market integrity could become equally important as the ecosystem continues to expand.
Story Ends Here
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Key Takeaways SOL maintains position at $75.55, remaining above critical $73-$75 support area Institutional interest persists with $10.26 million ETF inflows recorded during the past week Seven consecutive weeks of positive ETF flows demonstrate sustained demand Bulls must overcome the $78-$80 barrier to unlock moves toward $100 and $113 A breakdown below $73 could trigger downside movement to the $60-$61 zone Solana (SOL) maintains a price of $75.55 as of Monday, registering a modest 0.20% gain over the last 24-hour period. The cryptocurrency’s market capitalization stands at approximately $44.03 billion, while daily trading activity hovers around $629 million.
Solana (SOL) Price Despite a 2.18% decline over the previous week, SOL discovered buying interest at an upward-sloping trendline. The token currently consolidates within the $73-$75 range, a zone market observers consider pivotal for near-term direction.
Institutional capital continues flowing into Solana-linked products. According to SoSoValue metrics, spot ETF vehicles attracted $10.26 million in fresh capital last week. This represents the seventh uninterrupted week of net positive inflows and registers as the strongest weekly performance since May 22.
CryptoQuant analytics reveal a moderately constructive picture. Substantial whale accumulation appears in spot trading venues, while derivatives markets display reduced activity. Additional indicators maintain neutral positioning.
From a technical perspective, SOL maintains support just above its 50-day exponential moving average positioned at $75.48. The price remains beneath both the 100-day EMA at $78.10 and the 200-day EMA at $88.69.
The Relative Strength Index registers approximately 52, indicating balanced momentum. The MACD indicator holds within positive territory, reflecting price stabilization without clear directional conviction.
Critical Resistance Between $78-$80 Market analyst Alex Marzell highlights that Solana has encountered repeated rejections within the $78-$80 price corridor. Previous attempts to breach this level resulted in pullbacks, establishing this zone as the immediate challenge for bullish participants.
$SOL IS GETTING REJECTED AGAIN. 🩸
This resistance has already been tested multiple times, and SOL is now facing rejection #2.
The first rejection sent price lower.
If this one confirms as well, $60–61 becomes the next major demand zone.
SOL needs to reclaim $78–80 to… pic.twitter.com/7hmW9lJItq
— Alex Marzell (@MarzellCrypto) August 15, 2026
Should downward pressure intensify and SOL surrenders the $73 threshold, Marzell projects the $60-$61 region as the subsequent significant support destination.
Analyst Astekz characterizes recent price behavior as erratic yet structurally constructive. SOL appears to be escaping a downward-sloping channel while defending its horizontal support foundation.
Analyst Eliz observes that SOL maintains positioning above the Ichimoku Cloud indicator on the 4-hour timeframe, reinforcing the ongoing consolidation above the $73-$75 breakout threshold.
Extended Price Projections Analyst ray has detected a symmetrical triangle formation developing on the Solana chart. A validated breakout from this technical pattern suggests a potential advance toward $113, with $100 representing the initial psychological milestone.
Cryptocurrency analyst KillaXBT communicated via X that following Bitcoin’s eventual bottom formation, a 100–150% rally for SOL becomes “absolutely in play,” while acknowledging uncertainty regarding new all-time peak achievement.
Looking further ahead, analyst Sweep forecasts SOL reaching approximately $200 by 2027. This projection incorporates anticipated regulatory framework development, expansion in real-world asset tokenization, stablecoin ecosystem growth, and sustained memecoin activity within the Solana network.
The chart analysis from Sweep pinpoints $179 as an intermediate Fibonacci extension before approaching the broader $212 target territory.
With SOL currently positioned at $75.55, market participants maintain focus on the $78-$80 resistance ceiling above and the $73 support floor below as the determining factors for subsequent price movement.
Curve Finance founder Michael Egorov (@newmichwill) has taken aim at two of Solana's most prominent products, calling memecoin launchpad PumpFun a "casino of scams" and criticising the user experience of the Phantom wallet.
PumpFun in the Crosshairs Egorov's remarks on PumpFun reflect a broader concern about the quality of applications rising to prominence within the Solana ecosystem. However, the platform's track record for user outcomes is mixed.
Phantom vs. MetaMask: A UX Divide
Despite the sharp words, Egorov was not entirely dismissive of Solana. The comments suggest his frustration is directed at specific applications rather than the underlying network itself.
Egorov is one of DeFi's more outspoken figures. His willingness to publicly critique competing ecosystems and products continues to make him a notable voice in decentralised finance discussions.
Sources:
BitcoinWorld: Curve Finance Founder Slams Pump.fun As A Casino For Scam Memecoins
CryptoSlate: Pump.fun Crypto Launchpad Review 2026
Solana (SOL) remained stable at $75.55 on Monday, posting a modest 0.20% gain over the past day. The token’s market capitalization hovered around $44.03 billion, with daily trading volumes reporting $629 million. Despite moderate short-term movement, SOL has managed to sustain key technical levels as market participants monitor the next directional signal.
Institutional interest underpins recent performanceSOL experienced a 2.18% decline over the previous week but found buyers at an ascending trendline, according to market data. The token is consolidating between $73 and $75, an area widely described by analysts as crucial for dictating the near-term trend.
Data from market intelligence provider SoSoValue showed that spot exchange-traded fund (ETF) products tied to Solana attracted $10.26 million in net inflows last week. This marks the seventh consecutive week of positive ETF flows, setting a new high since late May and reinforcing ongoing institutional interest.
SOL-linked ETF inflows reached $10.26 million last week, extending a record streak and signaling persistent demand from institutional investors as the asset holds above major support.
On-chain analytics platform CryptoQuant outlined that large holders have continued to accumulate SOL on spot exchanges, while participation in derivatives markets has tapered. Broader market indicators currently remain neutral, reflecting uncertainty amid consolidating prices.
Key technical levels and analyst perspectivesFrom a technical standpoint, SOL’s price remains slightly above its 50-day exponential moving average at $75.48, but below the 100-day and 200-day EMAs at $78.10 and $88.69, respectively. The Relative Strength Index (RSI) is near 52, indicating balanced momentum. Meanwhile, the MACD, a momentum indicator, persists in positive territory but without a clear directional signal.
Market analyst Alex Marzell highlighted that repeated rejections have occurred in the $78 to $80 price zone for SOL, making this region an immediate obstacle to upward progress. Previous attempts to move past this resistance resulted in reversals toward lower support levels.
If SOL cannot reclaim the $78–$80 area, the next major demand zone is likely in the $60–$61 range.
Marzell suggested that increased selling below the $73 support could trigger a retreat into the $60–$61 range. Analyst Astekz described recent trading as volatile but structurally constructive, with SOL apparently emerging from a downward channel while defending established support. Analyst Eliz noted that SOL continues to hold above the Ichimoku Cloud on the four-hour chart, reinforcing the significance of the current $73–$75 consolidation area.
Broader forecasts and price targetsAnalyst Ray has identified a symmetrical triangle pattern developing on the Solana chart. A confirmed breakout from this formation may open the door for an advance toward $113, with $100 viewed as the first major psychological level.
Cryptocurrency analyst KillaXBT suggested that after Bitcoin completes its next major correction, SOL is positioned for a potential gain of 100 to 150% from current levels. However, the analyst emphasized the uncertainty regarding whether this rally would produce new all-time highs for SOL.
Looking further ahead, analyst Sweep forecasted that SOL could approach $200 by 2027. This projection factors in possible regulatory progress, growth in tokenized real-world assets, a more robust stablecoin ecosystem, and heightened memecoin activity within the Solana blockchain.
Sweep’s technical chart points to $179 as a key intermediate price extension, with $212 as a broader upside target.
Market attention remains focused on whether SOL can overcome the $78–$80 resistance or maintain support above $73. These levels are viewed as defining factors for Solana’s next major trend.
MetricCurrent ValueSignificancePrice$75.55Current consolidation levelMarket Cap$44.03 billionOverall network valuationETF Inflows (weekly)$10.26 millionSeventh consecutive week of gainsKey Resistance$78–$80Immediate challenge for bullsKey Support$73Critical threshold for downside riskFurther Support$60–$61Potential target if $73 failsLong-term Target$200 (by 2027)Forecast based on adoption and regulationMini dictionary: ETF (Exchange-Traded Fund), a type of investment fund traded on stock exchanges, offers exposure to a variety of assets—including cryptocurrencies like Solana—without requiring direct ownership of the underlying tokens.
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.
Rarity could soon no longer be the exclusive domain of bitcoin. According to projections published by Grayscale, the annual growth of Ethereum and Solana supply could fall below gold’s 1.8% by 2031. Indeed, several reforms are currently being debated, including EIP-8361 on Ethereum and SIMD-0550 and SIMD-0553 on Solana. If adopted, ETH’s annual inflation could drop to 0.4%, compared to 1.1% for SOL. This development is likely to reshuffle the cards between rarity, staking yield, and valuation of these two cryptos.
In brief According to a Grayscale study, new technical proposals could reduce Ethereum’s annual inflation to 0.4% and Solana’s to 1.1%, making them rarer than physical gold. The EIP-8361 proposal plans to burn an increasing share of validator rewards as staking increases, bringing ETH issuance back to Bitcoin’s level. By doubling the emission reduction rate via the SIMD-0550 proposal, Solana considerably accelerates its path to a tightly capped supply. Although this tightening reduces direct returns paid to stakers and ETFs, the increased rarity could support token prices and transform these altcoins into leading stores of value. The overhaul of Ethereum’s emission model by EIP-8361 On August 4th, six researchers from the ecosystem, including Justin Drake of the Ethereum Foundation, formally submitted proposal EIP-8361, entitled “Tapered Issuance Burn”. This text aims to fix what the authors call artificial overissuance in the current economic model of the network. Today, validators can still claim a staking yield close to 1.5% per year, even in a scenario where almost all ETH tokens would be locked in the protocol.
According to the diagnosis made by the researchers, this ceiling maintains excessive monetary creation without this corresponding to a real need for operational security. EIP-8361 thus introduces a dynamic mechanism designed to burn an increasingly large share of rewards as the ratio of staked ETH increases, planning a transition over 18 months to burn all rewards once about 60.25 million ETH, or half of the total supply, will be staked.
According to the quantitative models integrated in the proposal and analyzed by Grayscale, Ethereum’s annual issuance would peak around 0.5% at a staking level of 20%, before starting a downward trajectory towards zero as the network approaches the 50% plateau. In its central scenario projected for 2031, the asset manager estimates that ETH’s annual inflation would fall to about 0.4%, thus matching the emission rate anticipated for bitcoin over the same period.
This structural change does not go unnoticed by the institutional financial sector. Grayscale also recalls that its own ETHE spot fund began earlier this year distributing staking yields to its shareholders, constituting the first crypto spot exchange-traded product (ETP) in the United States to implement such a mechanism.
Several fundamental numerical indicators summarize the technical and financial impact of this update for the Ethereum network :
60.25 million ETH : the staking threshold from which 100% of the emission dedicated to rewards will be burned after the 18-month transition ; 0.4% : the theoretical annual inflation rate of ETH supply projected by Grayscale by 2031, equaling that of bitcoin ; 0.5% : the peak that the annual issuance would barely exceed when the network’s staking rate is around 20%. Solana: accelerating supply reduction via SIMD-0550 and SIMD-0553 On its side, Solana follows a separate disinflationary trajectory, centered on improvement documents SIMD-0550 and SIMD-0553. Currently set at about 3.695% per year, this crypto’s inflation rate follows an initial schedule predicting a 15% reduction per year until reaching a long-term floor set at 1.5%. The SIMD-0550 project proposes to accelerate this process by doubling the annual reduction rate, compressing several years of gradual monetary adjustment into a much shorter time frame.
In parallel, the SIMD-0553 proposal modifies transaction fee management to increase the proportion of SOL permanently destroyed, preventing these cryptos from being re-injected to validators. However, Grayscale’s analysis shows that the additional amount of SOL burned via SIMD-0553 remains modest compared to the daily issuance volume under current network conditions, confirming that SIMD-0550 is the real driver of the projected drop to 1.1% by 2031.
This dual technical initiative does not enjoy a fully homogeneous consensus regarding its time feasibility. As Grayscale’s research note explicitly points out, these emission trajectories rely on strict assumptions of immediate implementation without alteration of other operational parameters, a condition considered unlikely to be realized exactly as such in reality.
The political and community dimension plays a key role here. In a recent intervention, Zach Pandl, Grayscale’s research director, qualified the comparative progress of the two networks. He then stated: “Solana’s plan enjoys broader community support and has better chances of being implemented than its Ethereum equivalent”. This divergence in the degree of buy-in from key players proves decisive for investors seeking to incorporate this future rarity in their valuation models.
The economic trade-offs of enhanced rarity The evolution of these emission models places community governance at the heart of the strategic choices of each crypto ecosystem. Although mathematical models anticipate a marked compression of token creation, moving from proposal to effective implementation requires the buy-in of the majority of validation actors.
The difference in support highlighted by Grayscale between Ethereum and Solana illustrates how political and economic considerations influence the adoption of technical updates. On the market side, establishing rarity greater than that of gold marks a stage in the structuring of major altcoins as mature financial assets, capable of competing with traditional safe havens against global inflationary pressures.
Economically, the shift toward algorithmic enhanced rarity imposes a complex trade-off between the unit value of the asset and the gross yield perceived by network participants. By reducing the pace of new token issuance, these reforms de facto decrease nominal income paid to validators and holders of staked crypto ETF shares.
Zach Pandl notes, however, that a smaller circulating supply could support token prices in the market, thus offsetting the mechanical decrease in staking yields. The final equation will depend on the ecosystems’ ability to maintain the security of their consensus while convincing staking actors to accept lower direct rewards in exchange for a theoretically rarer and more robust underlying asset against traditional monetary pressures.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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Solana's price is essentially unchanged despite a significant increase in derivatives activity, which could lead to a much more volatile next move. The volume of SOL futures has more than doubled over the past day on a number of major exchanges, but the positioning data that goes along with it suggests that there may be another price decline.
Solana gains more fatBinance reported a 24-hour SOL futures volume of about $890 million, up 144.8%. Bybit added 108.6 percent, while OKX's volume rose by 146.1%. Increases of about 154%, 210%, and 168%, respectively, were seen on Gate, Bitget, and Hyperliquid.
SOL/USDT Chart by TradingViewHowever, SOL's 24-hour performance is essentially flat and it is still close to $75.30. The discrepancy suggests that increased trading activity has not resulted in strong directional demand. Additionally, positioning has a strong long bias. Whereas OKX reports 2.42, the Binance account long/short ratio is roughly 2.43.
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At 2.71, Binance's top-trader account ratio is even higher. Although this positioning does not guarantee a decline, it makes SOL more vulnerable to liquidation in the event that it loses support. Liquidation data already show that risk. About $6.07 million in SOL positions, including $4.60 million in longs and $1.47 million in shorts, were liquidated over the course of a day.
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The chart offers yet another reason to exercise caution. SOL remains below the intermediate moving average at about $78.10 and trades close to $75.30. More significantly, the long-term moving average is still considerably higher at $89.26, indicating that the overall structure remains weak.
Short-term levels are formedShort-term support is between $74 and $75. If selling picks up speed, losing this area could expose SOL to another move toward $70-$72, followed by the lows of July and August. However, if buyers regain control, the volume expansion could be beneficial.
The first more compelling sign that higher participation is encouraging accumulation rather than speculative leverage would be a persistent break above $78–$80. For the time being, however, crowded long positioning and increased futures activity are creating asymmetric risk.
If SOL does not break out to support the leverage being built around it, some of those new positions may be forced out of the market by another retrace.
Solana (SOL) is trading near $75, maintaining a market capitalization of $43.88 billion and recording a 24-hour trading volume of $588.8 million. After a sharp sell-off, SOL continues to trade sideways as buyers and sellers struggle for control around a major support zone.
Broad Range Dominates SOL TrendAnalyst The Boss presented a chart on X revealing that SOL remains confined within a wide weekly range. The asset has seen a tug-of-war between buyers and sellers, with repeated efforts to push the price above prevailing resistance levels proving unsuccessful in recent weeks.
Despite these rejections, strong support has held steadfast, preventing a clear breakdown and keeping the medium-term structure intact. Bitcoin‘s recent decline has contributed to increased market caution, impacting Solana and other leading cryptocurrencies.
SOL has been consolidating below its resistance area, as the support zone continues to set the lower boundary. Momentum currently appears neutral, with neither bulls nor bears showing decisive strength.
Buyers have consistently defended this key support level, though attempts to establish a new upward trend have been met with resistance, leaving SOL in a prolonged consolidation phase.
Key Price Levels and Breakout PotentialA sustained move above $81 would signal a potential shift toward a bullish structure in SOL, according to The Boss. The analyst outlined additional price targets at $113, $138, and $184 if momentum accelerates. Further gains could bring $206 and $276 into view for investors closely monitoring breakout levels.
Conversely, losing the established support may weaken any recovery prospects, putting more pressure on buyers in the short term. The broader crypto market, influenced by Bitcoin’s recent slide, has remained cautious as SOL consolidates in neutral territory.
In a market environment where a single Federal Reserve decision or a new altcoin listing can significantly shift prices within seconds, managing market information effectively has become crucial for traders. Many investors increasingly rely on privacy-focused platforms such as CryptoAppsy to streamline real-time charting, news updates, and portfolio tracking without requiring an account, enabling them to react more efficiently to sudden market shifts.
Solana’s Growth in Tokenized AssetsSolana has taken a clear lead in the tokenized stock market. According to Token Terminal, Solana currently accounts for 64.5% of all tokenized stocks held in DeFi wallets, outpacing Ethereum and other major networks.
Ethereum holds a 13.5% share, while BNB Chain and Robinhood Chain account for 12.5% and 7.0% respectively. Base rounds out the top five with a 2.4% share.
Nearly two-thirds of tokenized stocks deposited into DeFi applications are on Solana, well above the market share for competing networks.
Solana also reported $378.2 million in newly added tokenized US Treasury bills over the past 30 days, outpacing Ethereum’s $272.2 million. BNB Chain followed with $49.2 million, while off-chain holdings increased by $81.7 million. The majority of this new tokenized Treasury supply came from established issuers such as Superstate, which led the month with $184.2 million, closely followed by Securitize with $182.8 million and Franklin Templeton with $86.2 million.
Currently, tokenized stocks deployed within decentralized finance platforms total approximately $111 million, within a broader tokenized asset market estimated between $2.3 and $2.4 billion. Of this, Solana holds $71.6 million, or about 65% of the category. Ethereum and BNB Chain follow at $15 million and $13.9 million respectively.
Strong activity in tokenized assets has also been accompanied by $5.8 billion in spot decentralized exchange trading volume on Solana, as the network capitalizes on its expanding ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana (SOL) is trading near $75.55, defending a key support level as traders evaluate whether the recent consolidation will pave the way for a breakout toward higher targets. Brave New Coin reports Solana has gained 0.20% in the past 24 hours, with a market cap of $44.03 billion and a daily trading volume of about $629 million.
Key levels maintain short-term bullish sentimentDespite recent sideways movement, market structure has started to improve. Prominent crypto analyst Astekz observed that while price action remains choppy, SOL is technically maintaining a positive stance as it attempts to break above a descending trendline while holding horizontal support in the $73-$75 area.
SOL is consolidating around its breakout region and holding support, leaving potential for further upward continuation if buyers sustain control.
Traders are closely watching the $73-$75 zone; a sustained move below this area could nullify the latest breakout attempt and expose SOL to lower support levels.
$78-$80: The resistance barrier for buyersThe immediate obstacle for SOL remains the resistance between $78 and $80. Analyst Alex Marzell highlighted that Solana has faced multiple rejections from this region in recent sessions, making the current attempt especially important for short-term direction.
A failure to move above $78-$80 has previously triggered declines, with eyes now on the $60-$61 area as the next significant demand zone if sellers gain momentum.
A break and hold above $78-$80 would offer stronger confirmation for buyers, while another rejection could increase downside risk.
A successful move above this resistance could open up further gains, reducing the likelihood of another significant pullback.
Consolidation above recent breakout supports positive outlookAnalyst Eliz points out that SOL is consolidating above the former resistance zone at $73-$75, now acting as support. The current price structure is also benefiting from stability above the Ichimoku Cloud on the 4-hour chart, signaling continued buyer defense at this level.
If SOL maintains support above both the cloud and $73-$75, analysts expect potential upside toward the $85-$87.20 region, especially if the $78-$80 resistance is reclaimed.
Mini dictionary: Ichimoku Cloud, a technical indicator that shows support and resistance levels, trend direction, and momentum, commonly used for identifying key price areas on various timeframes.
Chart patterns project targets of $100 and beyondAnalyst ray has identified a symmetrical consolidation pattern enveloping current price action, with Solana trading near the apex between descending resistance and rising support. Should an upside breakout occur, the chart projects an initial target near $100, with a broader technical objective extending to approximately $113. Both targets remain contingent on confirmation of a breakout, as a rejection could keep price within the established range.
Support AreaResistance AreaNext Upside TargetBroader Objective$73-$75$78-$80$85-$87.2$100-$113Longer-term analysts eye recovery to $200In a more optimistic scenario, well-known analyst Sweep sees potential for SOL to trade near $200 in 2027, citing several fundamental factors. These include possible regulatory shifts around the Clarity Act, expanded real-world asset tokenization, increasing stablecoin adoption, and ongoing development of Solana-based memecoins.
Sweep’s chart highlights $179 as an intermediate Fibonacci level before a broader goal near $212, although reaching these heights will require SOL to overcome major resistance between $100 and $140 and solidify a longer-term uptrend.
Mini dictionary: Clarity Act, a US legislative initiative aimed at providing legal clarity for digital assets and blockchain projects, which may impact the regulatory landscape for cryptocurrencies like Solana.
Critical levels to watch for market directionAnalysts emphasize the importance of the $73-$75 support zone in maintaining the current consolidation structure. On the upside, reclaiming $78-$80 could lead to moves toward $90-$95 and the psychological $100 level. Failure to hold $73 raises the risk of a drop toward $70, with the $60-$61 range viewed as the next major support if selling intensifies.
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.
The latest expansion in tokenized U.S. T-bills shows that new issuance is increasingly spreading across major blockchain ecosystems. Over the last thirty days, Solana [SOL] added $378.2 million, leading Ethereum’s [ETH] $272.2 million increase by roughly $106 million.
This suggests that Solana has taken the lead over Ethereum [ETH] as far as adding new treasury value to its users’ accounts.
Meanwhile, off-chain holdings expanded by $81.7 million, while BNB Chain added $49.2 million, extending growth beyond the two leaders.
Token Terminal Smaller increases followed on zkSync Era at $6.1 million, while other networks remained below $1 million.
Additional treasury products will create multiple paths for users to engage in trading, use as collateral, or integrate into DeFi applications. However, it is clear that current issuances have created a large amount of concentration for this market.
Therefore, we believe that future growth will be key in identifying whether tokenized Treasuries evolve into a broader multichain market.
Capital flows into tokenized U.S. T-bills
That expansion across blockchain networks is being supported by fresh issuance from several major tokenized treasury providers. Superstate led 30-day growth with $184.2 million, narrowly ahead of Securitize at $182.8 million.
Franklin Templeton followed with $86.2 million, bringing their combined increase to $453.2 million. Meanwhile, OpenEden added $39.7 million, while J.P. Morgan contributed another $24.2 million.
Source: Token Terminal More so, this data also indicates that capital is being concentrated in established companies rather than spreading evenly across the market.
This is as opposed to having a broad distribution across the markets. However, it’s worth noting that other, smaller issuers continue gaining traction, indicating slow but continued diversification of participants within the market.
Tokenized equities extend beyond issuance Continued T-bill issuance shows tokenization adding supply, but tokenized equities reveal whether those assets can gain utility after issuance. Currently, around $111 million in tokenized stocks is deployed across DeFi. This is from a total market near $2.3 to $2.4 billion, according to RWA data.
Although still a small share, this brings equities into lending, liquidity, and trading rather than leaving them idle. Solana leads with $71.6 million, accounting for roughly 64–65% of deployed value according to Token Terminal data. Ethereum follows at $15 million, ahead of BNB Chain at $13.9 million.
Source: Token Terminal This concentration also carries into trading, with Solana recording $5.8 billion in spot DEX volume. Looking forward, rising DeFi balances would show whether tokenization is progressing from issuance toward sustained on-chain use.
Final Summary Solana led tokenized T-bill growth as major issuers drove most new supply across chains. Tokenized equities are moving beyond issuance, with $111 million already deployed across DeFi markets.
Solana (SOL) remains confined within a wide trading range as bulls defend key support and bears repeatedly reject upside moves. The market awaits a decisive breakout or breakdown to confirm its next direction. At present, both buyers and sellers appear to be locked in a standoff, leaving the short-term trend unresolved.
Price structure and bullish reversal prospectsSOL is currently priced at $75.31, reporting a 24-hour trading volume of $588.8 million and a total market capitalization of $43.88 billion. Analysts noted a stable price pattern over the last day, with the current formation possibly signaling a reversal in favor of buyers if momentum shifts.
Crypto analyst The Boss observed that the token has spent weeks oscillating within a wide range after its previous sharp decline. While lower support has consistently held, repeated attempts to breach resistance levels have been unsuccessful.
Market watchers emphasized that a confirmed move above $81 could establish a bullish trend, potentially pushing SOL to higher resistance targets at $113, $138, $184, $206, and even $276. If sellers manage to drag the price below critical support, a renewed phase of selling may begin, undermining any recovery attempts.
This current sideways price action reflects muted momentum, as market participants await stronger signals. The next significant move is likely to determine the short-term outlook for Solana, either reinforcing bullish sentiment or reviving downward pressure.
DeFi growth and Solana’s dominance in tokenized assetsRecent data from Token Terminal shows Solana has emerged as the leading blockchain for the placement of stock tokens in DeFi wallets, capturing a 64.5% share of this market. This positions Solana significantly ahead of its nearest competitors, reflecting its growing relevance in the tokenized traditional assets segment.
BlockchainDeFi Stock Token Market Share (%)Solana64.5Ethereum13.5BNB Chain12.5Robinhood Chain7.0Base2.4Ethereum follows with 13.5%, BNB Chain with 12.5%, Robinhood Chain with 7.0%, and Base with 2.4%. Solana’s lead in this area underscores its expanding influence in the decentralized finance sector, particularly for tokenizing conventional assets on-chain.
Solana is a high-performance blockchain platform known for its fast transactions and low fees. Its prominence in DeFi has grown due to increased adoption by developers and institutions seeking efficient tokenization solutions.
Mini dictionary: Token Terminal, an analytics platform that tracks on-chain data and performance metrics for major blockchain networks, helping investors assess market dynamics and project growth.
Technical outlook and market factorsDespite optimistic price projections and expanding network activity, SOL’s price behavior currently remains neutral. This movement partly reflects broader market sentiment, as Bitcoin’s recent decline places additional pressure on altcoins.
Market participants will be watching closely to see if buyers can overcome resistance and establish lasting upward momentum. A failed breakout could open the door for sellers to reclaim control, while a decisive move higher may kickstart a new rally.
Price action over the coming days will determine if Solana can exit its range and confirm a trend, with attention focused on the $81 resistance and the lower support zone.
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.
Solana has recorded significant growth in tokenized U.S. Treasury bills, adding $378.2 million in the past 30 days. This increase outpaced Ethereum, which grew by $272.2 million over the same period, creating a $106 million lead for Solana in new tokenized Treasury issuance.
Solana price pressurized despite network growthWhile Solana’s network activity is showing robust expansion, its native token, SOL, continues to face short-term selling pressure. The price currently trades near $74.97, close to a fresh local low, after declining 0.68% in the past 24 hours. At the same time, daily trading volume has fallen 6.89% to $652.6 million, reflecting weaker investor participation.
Momentum indicators also point to continued caution. The relative strength index (RSI) sits at 46, indicating SOL is approaching oversold territory but has not yet confirmed a trend reversal. The moving average convergence divergence (MACD) histogram remains negative, signaling that bearish momentum persists. Lower volumes highlight limited conviction among buyers at present price levels.
Market participants are watching for a sustained move below $74.97, which could trigger another drop toward the $73.00 region. However, holding this support may lead to short-term price consolidation between $74.97 and $75.64.
Broader weakness in risk appetite has contributed to current price dynamics. Recent outflows from U.S. spot Bitcoin ETFs, including a $78.9 million withdrawal from BlackRock’s IBIT during August 10–14, have dampened demand for higher-risk crypto assets such as SOL. The token often exhibits greater volatility than Bitcoin during periods of market stress.
Institutional flows and technical levels shape outlookInstitutional investment behavior remains a key external factor. If ETF withdrawals slow, risk appetite could stabilize, potentially supporting price recovery in tokens like Solana. Ongoing outflows, however, may continue to weigh on high-beta tokens, even as network fundamentals improve.
This disconnect has left Solana trading tightly between improving on-chain metrics and selling pressure in the broader crypto market. The price trend will likely depend on changes in market volume, the defense of the $74.97 support, and movements in Bitcoin and ETF-related inflows or outflows.
Solana leads tokenized T-bill and equity growthAccording to recent data, Solana’s $378.2 million growth in tokenized Treasuries leads other blockchains, with Ethereum adding $272.2 million and BNB Chain increasing by $49.2 million. Off-chain platforms expanded by $81.7 million, while zkSync Era reported $6.1 million in new issuance.
Superstate and Securitize emerged as the largest providers of tokenized Treasury bills during the month, contributing $184.2 million and $182.8 million, respectively. Franklin Templeton’s addition reached $86.2 million, and increases from OpenEden and J.P. Morgan made up the rest. These companies are known for their work in digital asset issuance and blockchain-based securities.
Mini dictionary: Securitize is a blockchain company specializing in tokenizing real-world assets, especially securities, for use in the digital ecosystem. Superstate focuses on tokenized U.S. Treasuries, offering exposure to government bonds through blockchain networks.
Solana also leads in the deployment of tokenized equities within decentralized finance (DeFi) applications. Currently, around $111 million in tokenized equities are utilized in DeFi, with Solana accounting for $71.6 million, giving it a 64% to 65% share. Ethereum follows with $15 million, and BNB Chain holds $13.9 million.
BlockchainTokenized T-Bills AddedTokenized Equities in DeFiSolana$378.2 million$71.6 millionEthereum$272.2 million$15 millionBNB Chain$49.2 million$13.9 millionDeFi users employ these tokenized assets in lending, liquidity pools, and decentralized trading, rather than leaving them unused. Spot decentralized exchange volume on Solana reached $5.8 billion, suggesting active ecosystem growth. However, for such momentum to impact SOL’s price positively, sustained trading and DeFi engagement are required to offset technical weakness.
Tokenized equities and treasuries highlight Solana’s dominance in on-chain leveraged finance, even as short-term market momentum remains fragile.
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.
Bank Leumi, 0ne of Israel’s largest banking institutions, has formed a partnership with Galaxy Digital (Nasdaq: GLXY) to introduce cryptocurrency trading services for its clients. The collaboration positions the institution as the first bank in the country to plan direct digital asset trading offerings through its own platforms.
Under the arrangement, customers of Bank Leumi and its mobile digital banking division, PEPPER, will gain the ability to purchase, hold, and sell select cryptocurrencies—initially including Bitcoin, Ethereum, and Solana.
These transactions will occur within a dedicated, secure portion of the Leumi
Trade capital markets application, allowing users to manage digital assets alongside their existing investment activities without needing separate exchange accounts or personal wallets.
The service is projected to become available in early 2027.
Galaxy Digital will supply the core infrastructure via its GalaxyOne Institutional platform, which is designed for banks, asset managers, and other institutional clients and emphasizes institutional-grade execution.
Separately, Bank Leumi has agreed to utilize Galaxy’s Custody Infrastructure platform—previously known as GK8—to underpin the secure holding of digital assets.
Maya Ravia, Head of Strategy at Bank Leumi, highlighted the move as a key element of the bank’s broader innovation efforts.
She noted that it aims to deliver straightforward, secure, and regulated access to digital asset trading through leading technological systems.
Ravia emphasized the bank’s view that digital assets are increasingly embedding themselves into the global financial landscape, and that institutions like Leumi have a responsibility to offer customers participation in this evolution within a trusted banking environment.
Lior Lamesh, CEO of Galaxy Israel, framed the partnership as part of a larger shift in finance toward open and programmable systems.
He pointed out that early-adopting banks will help shape the coming era, and that Leumi selected Galaxy to enable this capability for Israeli customers.
Lamesh also referenced the rapid growth of the local digital assets market and Galaxy’s role in delivering a unified platform combining trading and custody with strong security standards, intended for banks worldwide.
Bank Leumi, established more than 120 years ago and operating without a controlling shareholder, serves millions of clients spanning households, small businesses, mid-sized firms, and large corporations.
It blends a physical branch network with advanced digital and artificial intelligence tools, having improved operational efficiency through ongoing technological upgrades.
Galaxy Digital, listed on Nasdaq under the ticker GLXY, focuses on digital assets and data center infrastructure.
Its offerings include trading, advisory services, asset management, staking, self-custody, and tokenization, while also developing facilities to support artificial intelligence and high-performance computing workloads.
This development follows an earlier, unrealized 2022 effort by the bank involving a different partner.
The current initiative relies on Galaxy’s established institutional tools and Israeli-rooted custody technology.
Commercial details such as fees and specific eligibility criteria have not been disclosed.
Regulatory clearance, including from the Bank of Israel, is anticipated as a necessary step before launch. The partnership reflects growing institutional interest in bringing cryptocurrency access inside established banking interfaces, potentially expanding regulated participation in digital assets within Israel’s financial system.
Solana is currently trading just above the $73-$75 support zone, a critical region watched closely by traders following its recent breakout. The price action near this range is seen as pivotal for determining whether SOL can extend its short-term recovery, with attention turning toward potential upside levels at $80 and $85.
Short-Term Structure Maintains Bullish ToneAfter breaking through significant resistance in the mid-$70s, Solana has entered a consolidation phase centered around $75.5. The breakout structure has so far remained intact, with the $73-$75 region serving as a crucial test of buyers’ resolve.
EliZ, a cryptocurrency market analyst, noted that Solana’s advance aligned with previous forecasts, with the move above the identified resistance level leading to a sharp upward rally. Since then, price has pulled back and stabilized above the former cap, reinforcing its significance as a support area.
Sustained trading above $73 would indicate continued defense by buyers and keep the prospect of further gains alive. Technical charts point to the proximity of the Ichimoku cloud, emphasizing the need for a strong breakout to confirm the direction of the next move.
Targets for a bullish continuation are set at $80 as the immediate objective, with $85 and $87.20 as subsequent barriers if momentum gathers pace. A move past these levels could lead to a more extended upside push.
There is confidence among traders that holding the $73-$75 area will support further moves toward $80 and beyond, while a failure to maintain this range would increase the probability of a larger pullback.
If the price falls decisively below $73, the current bullish scenario would lose credibility, opening the door for a deeper retracement in the near term.
Weekly Chart Cautions of Possible Deeper CorrectionEcho Analysis, an independent research platform, offers a more reserved outlook for Solana’s immediate future. The service points out that while SOL has bounced off an important Fibonacci retracement level at $63.89, the move may not necessarily signal that the correction has ended.
On the weekly timeframe, Solana is showing a rebound after hitting the 0.786 Fibonacci retracement line, with the price now hovering near the mid-$70s. Despite this positive reaction, Echo Analysis remains cautious, citing the potential for further lows in Bitcoin and Ether to weigh on Solana’s recovery.
If additional market weakness emerges, the next major support for Solana lies at the 0.887 Fibonacci retracement, or $37.10. This zone is described as the likely completion area for wave C and the larger corrective wave (2) within Elliott Wave analysis.
Elliott Wave theory is a technical framework that interprets price patterns through repetitive cycles of investor psychology, identifying corrective and impulsive phases in the market.
Mini dictionary: Elliott Wave theory, A technical charting method that analyzes market cycles through wave patterns to identify potential trends and reversals in asset prices.
Looking further ahead, Echo Analysis projects a much larger upward target. If the correction completes and a new bullish phase begins, the chart indicates a possible move towards the 1.618 Fibonacci extension at $416.24. This would represent an increase of approximately 1,047% from the $37.10 support zone, should it be reached.
For now, holding above $63.89 keeps the near-term structure intact. A break below this level would leave Solana exposed to further downside, while recovery above $80 could signal the start of a new bullish phase.
Echo Analysis points out that the $63.89 support is critical for maintaining any bullish structure, but a failed defense could see Solana revisit $37.10 before any significant upside occurs.
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.
Both Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are considering tokenomics changes that would make them scarcer than gold by 2031, according to a new Grayscale research note.
What Would the Proposed Tokenomics Changes Actually Do?Grayscale Head of Research Zach Pandl wrote that both networks are considering code changes that would cut annual token inflation significantly.
If implemented, ETH and Bitcoin (CRYPTO: BTC) would both sit at roughly 0.4% annual inflation by the end of 2031, while SOL would land at around 1.1%.
Both figures sit below gold’s 1.8% annual supply growth and well below U.S. CPI inflation at 3.3%.
The mechanism is straightforward. Both networks currently issue new tokens as staking rewards.
Reducing that issuance means fewer tokens enter circulation each year, and lower supply growth pushes scarcity higher, all else being equal.
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Pandl noted the Solana proposals appear to have broader community agreement and a better chance of passing. The Ethereum changes remain under active debate.
Who Benefits and Who Doesn’t From Lower InflationThe tradeoff cuts differently depending on how you hold. Token holders who stake would receive fewer new tokens since staking rewards come directly from inflation.
Holders of unstaked ETH and SOL could benefit from the scarcity value increase. Whether stakers come out ahead depends on whether higher token prices offset the reduction in rewards.
Pandl’s bottom line is that both ETH and SOL power the leading blockchains for stablecoins and tokenized assets, and reduced inflation would add a scarcity premium on top of that existing utility demand.
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Bitwise Asset Management has entered into a partnership with Superstate, a fintech specializing in bringing securities onto blockchain platforms, to investigate the possibility of allowing investors to hold shares of select Bitwise funds in tokenized form.
The crypto-focused asset manager indicated that its Bitwise Solana Staking ETF, trading under the ticker BSOL on the NYSE, is expected to serve as the initial candidate for this feature.
Under the structure the two firms are building, the core characteristics of the shares would remain unchanged.
Investors would continue buying the same fund shares through existing brokerage and purchase channels and would retain identical economic, voting, and other rights.
The sole difference would lie in the method of recording ownership.
Holders could opt to keep shares in the conventional book-entry format handled by The Depository Trust Company or switch to a tokenized version recorded on a blockchain and administered through Superstate’s transfer-agency systems.
Tokenized holdings would not be freely transferable outside that designated recordkeeping environment.
Bitwise emphasized that any rollout of the tokenized option depends on meeting all relevant legal and regulatory standards.
The firm explicitly noted that there is no guarantee the feature will become available for BSOL or for any other products in its lineup, nor is there a confirmed timeline.
The initiative reflects broader industry interest in blending traditional fund structures with blockchain-based ownership records.
Superstate provides platforms such as FundOS that support asset managers in creating compliant on-chain fund offerings, including issuance, recordkeeping, and connections to digital markets via its SEC-registered transfer-agency infrastructure.
Bitwise, which oversees roughly $9 billion in client assets across more than 70 investment products, already has experience working with Superstate on other vehicles.
BSOL itself is a relatively recent addition to the US market.
Launched in late 2025, the exchange-traded product seeks to track the value of Solana held by the trust while generating additional Solana through staking.
The fund aims to stake essentially all of its holdings via Bitwise’s own on-chain solutions, powered by infrastructure partner Helius, with the goal of capturing network rewards that historically have averaged around 7 percent.
Those rewards are reinvested rather than distributed as cash, allowing them to compound within the fund’s net asset value.
By exploring a tokenized share class for BSOL, Bitwise is testing whether blockchain recordkeeping can offer investors greater flexibility without altering the fundamental regulated nature of the product.
Tokenized shares would still represent the same class of beneficial interest and would not create a separate security or synthetic instrument.
Market participatns now generally view the move as part of a larger trend in which traditional asset managers experiment with on-chain representations of familiar investment vehicles.
Success would depend on regulatory clarity, operational readiness, and investor demand for the dual-holding option. For now, the partnership signals Bitwise’s intent to remain at the forefront of product innovation in the digital-asset space while carefully navigating compliance requirements.
Solana is now accessible on the XRP Ledger’s native decentralized exchange through a wrapped SOL asset issued through Axelar, extending interoperability between the two blockchain ecosystems.
Summary
Axelar-issued SOL is now tradable through XRP Ledger’s native decentralized exchange using multiple ecosystem interfaces. XRPL Foundation director Hussein Zangana warned Axelar currently remains the only legitimate wrapped SOL issuer. Official XRPL EVM documentation identifies Axelar’s mainnet gateway address as rfmS3zqrQrka8wVyhXifEeyTwe8AMz2Yhw for cross-chain asset transfers. Axelar connected Solana to its interoperability network in June, enabling transfers with XRP Ledger ecosystems. Wrapped SOL represents Solana exposure on XRPL and should not be confused with native SOL. Axelar confirmed the availability in an Aug. 14 post, directing users to SOL/XRP trading on XPMarket.
Hussein Zangana, known as Vet, warned users that Axelar is currently “the only legitimate issuer” of wrapped SOL on XRPL and told traders to beware of copycat assets. His warning matters because tokens on the XRP Ledger are identified by both their currency code and issuer account, rather than a ticker alone.
Solana becomes tradable through XRPL’s native DEX Users can access the Axelar-issued SOL representation through interfaces including XPMarket, First Ledger and Magnetic. Xaman users can also reach the asset through the wallet’s swap interface. These platforms connect into XRPL’s native exchange infrastructure rather than operating separate order books for each front end.
On-chain data confirms activity involving SOL and the Axelar gateway. XRPScan identifies rfmS3zqrQrka8wVyhXifEeyTwe8AMz2Yhw as the Axelar Bridge account and records SOL-related transactions, including an OfferCreate transaction on Aug. 14. Official XRPL EVM documentation independently lists the same address as Axelar’s XRPL mainnet gateway.
Axelar’s issuer address is the key security check Zangana’s warning reflects how XRPL-issued assets work. Official XRP Ledger documentation states that tokens are identified by the combination of an issuer and currency code. Two assets can therefore use the same ticker while being issued by different accounts.
That means seeing “SOL” in a wallet or DEX is not enough to establish authenticity. Bithomp’s verified-domain records associate the Axelar Bridge account with axelar.foundation, while XRPScan labels the same account Axelar Bridge. Interface checkmarks can help users, but users should verify the issuer address before creating a trust line or executing a trade.
Axelar connected Solana and XRPL before the DEX launch The trading rollout builds on Axelar’s June 3 integration of Solana mainnet. Axelar said the connection enabled cross-chain messaging and asset transfers between Solana and more than 70 supported ecosystems, specifically naming XRP Ledger, Ethereum, Stellar, Sui and Hedera.
The interoperability has already moved in the opposite direction. As crypto.news previously reported, wrapped XRP expanded onto Solana through Hex Trust and LayerZero, giving XRP access to Solana-based wallets and DeFi applications.
Wrapped assets introduce additional dependencies beyond the underlying networks. In related coverage, cross-chain bridges have suffered billions of dollars in historical exploit losses, making issuer verification and bridge security important when handling representations of assets across chains.
What happens next for SOL on XRP Ledger The immediate question is whether liquidity and user adoption deepen beyond the initial launch. XPMarket already lists an SOL/XRP market under the Axelar Bridge issuer, while Axelar’s broader Solana integration allows developers to build additional cross-chain applications between the two ecosystems.
No separate native SOL exists on the XRP Ledger. The traded asset is a cross-chain representation tied to Axelar infrastructure. Users should therefore treat claims that another issuer represents official SOL with caution unless Axelar or another authoritative source confirms a change. For now, Zangana’s warning remains clear: “Beware of fakes.”
Ethereum [ETH] was trading at $1,876.89 at press time, following a slight increase over the previous day but a 2.16% decline over the previous week. Meanwhile, Solana was trading at $75.16 at press time, following a slight increase over the previous week and a slight decline over the previous day.
These contradictory price movements imply that there is no clear bullish or bearish momentum dominating the cryptocurrency market, which is extremely erratic.
In fact, there were no clear indications of bulls or bears on the RSI for either ETH or SOL as well.
Grayscale paints a concerning picture for ETH and SOL At the same time, Zach Pandl, Head of Research at Grayscale, presented his analysis indicating that Ethereum and Solana may become more scarce assets due to their respective networks’ consideration of lowering the annual production of new tokens.
Source: Grayscale Currently, issuing new ETH and SOL, which expands the total supply, helps to fund staking rewards on Ethereum and Solana.
This inflation would be decreased by the suggested modifications. Comparable to lowering the production of a commodity, the value of the current tokens may rise if demand remains constant or rises and fewer new tokens are introduced to the market.
According to Pandl, by 2031, the annual supply growth of ETH and SOL may drop to about 0.4% and 1.1%, respectively, bringing them closer to Bitcoin’s supply growth and below gold’s estimated 1.8% annual supply growth.
What about stakers? For stakers, there is a trade-off, though. People who stake their tokens will get fewer tokens as rewards if there are fewer new ETH and SOL created.
After a decrease in inflation, for instance, a staker who earns 5 SOL might only receive 3 SOL. Yet, the value of those three SOL might still surpass the value of the initial five SOL if the decreased supply makes SOL more scarce and its price increases noticeably.
Therefore, while stakers must weigh the potential for higher token prices against the possibility of lower token rewards, unstaked holders may directly profit from increased scarcity.
s up for debate and do not guarantee changes.
This was consistent with an earlier report from AMBCrypto that stated that Solana’s ecosystem provides more than just trading and DeFi, which is why it is drawing in more users and money.
Final Summary Both Ethereum’s and Solana’s price actions are not that strong, with RSI supporting this narrative. Garyscale suggests that Ethereum and Solana may become more scarce assets due to their respective networks’ consideration.
Bitcoin maintains its position near $63,000, serving as the primary market indicator for digital assets
Ethereum dropped under $1,900, yet U.S. ETF products attracted $103.9 million in net inflows over one week
Solana expanded block capacity to 100 million compute units while hovering around $75
Chainlink approached $10 after announcing new partnerships and releasing its agent platform beta
Hyperliquid posted approximately 154% gains during the first six months of 2026
Cryptocurrency markets are experiencing turbulence, yet price declines often create opportunities for strategic investors. Five digital assets—Bitcoin, Ethereum, Solana, Chainlink, and Hyperliquid—deserve attention in the current environment.
Bitcoin: The Industry Standard
Bitcoin continues to serve as the cornerstone of cryptocurrency investing. With the most extensive network infrastructure, unmatched brand awareness, and significant institutional support, it remains the dominant digital asset.
Bitcoin (BTC) Price
BTC currently hovers around $63,000. Market liquidity constraints and general uncertainty have contributed to price pressure, though this correction may present entry points for investors viewing Bitcoin as a long-term wealth preservation tool.
While Bitcoin may not deliver the dramatic gains seen in smaller-cap projects, it presents significantly lower project-specific risks, solidifying its role as the standard against which all cryptocurrencies are evaluated.
Ethereum: Sustained Institutional Appetite
Ethereum serves as the backbone for decentralized finance protocols, stablecoin infrastructure, asset tokenization, NFT marketplaces, and countless decentralized applications. It maintains its position as the leading smart contract platform globally.
ETH slipped beneath $1,900 during recent market volatility. However, institutional interest proved resilient. U.S.-based Ethereum ETF products recorded $103.9 million in net inflows for the week concluded July 24, topping all cryptocurrency ETF products during that timeframe.
The convergence of robust developer engagement, powerful network effects, and growing institutional participation positions Ethereum as a priority holding for long-term portfolios.
Solana: Speed, Efficiency, and Momentum
Solana presents a direct alternative to Ethereum, particularly for applications requiring high throughput and minimal transaction costs. The platform recently upgraded its block capacity to accommodate 100 million compute units.
The ecosystem continues expanding across payment solutions, tokenized real-world assets, and interoperability protocols. SOL traded around $75 in mid-August, considerably below previous all-time highs.
This disparity between current valuations and historical peaks may represent an entry opportunity for investors confident in the platform’s continued development trajectory.
Chainlink: Critical Infrastructure Investment
Chainlink provides essential connectivity between blockchain networks and external data sources while facilitating cross-chain asset transfers. It functions as fundamental infrastructure supporting the emerging tokenization ecosystem.
LINK surged toward $10 in mid-August following announcements of additional CCIP integrations and the beta release of Chainlink for Agents. These milestones demonstrate ongoing platform evolution and expansion.
Should tokenized assets achieve widespread adoption in traditional finance, Chainlink is well-positioned to capture value as a critical infrastructure provider supporting this transformation.
Hyperliquid: Aggressive Growth with Elevated Risk
Hyperliquid represents the highest-risk proposition in this selection. The decentralized perpetual futures exchange has experienced rapid expansion, with HYPE appreciating approximately 154% during the first half of 2026.
Such performance establishes elevated expectations going forward. Planned token unlock schedules and regulatory ambiguity introduce risks requiring careful consideration.
Nevertheless, Hyperliquid demonstrates that decentralized trading infrastructure can effectively challenge centralized exchange dominance in the cryptocurrency derivatives market.
Solana traded close to $75 on Wednesday, as traders focused on whether SOL could break through immediate technical resistance or revisit support around $67 before its next major price movement. Two widely referenced analyses have outlined potential bullish scenarios, with targets ranging from $87 in the near term to $130 on a larger breakout, but both caution that several obstacles remain.
Technical analysis highlights key resistance zonesSOL recently pressed against a descending trendline after a period marked by successive lower highs since July. Trader Daink, who shared a daily chart of SOL/USDT, mapped out a bullish scenario originating from the $75 region, but emphasized that upward momentum depends on buyers reclaiming multiple resistance levels.
The price was last seen near $75.31, near the intersection of a descending resistance line traced from the early July high. This convergence point represents a pivotal battleground for bulls and bears. Sustained movement above the trendline would weaken the prevailing bearish structure, potentially allowing buyers to target higher price zones.
The first major resistance is found at $82.25, where Solana has previously reacted and reversed. Flipping this level into support would signal growing bullish momentum. Above this, $98.40 remains a significant barrier, as past recoveries have stalled there. Surpassing $98.40 could reinforce the bullish scenario, shifting focus to $114.55 and the primary upside objective at $130.70.
However, Solana is still trading only moderately above support at $66.10. A rejection at the trendline, followed by a drop toward this region, could confirm sellers remain in control. Should SOL fall beneath $66.10, the bullish setup would be invalidated and risks could increase for further declines toward $61.28.
The daily chart suggests traders should wait for confirmation of a breakout rather than assume an imminent rally to $130. A daily close above the descending trendline and a successful push past $82.25 would strengthen the bullish case, while failure to clear resistance and a move below $66.10 would keep the outlook negative.
Potential for retest of support before upward moveAnother view from Crypto Tony presents a different route for Solana, with the possibility of a deeper pullback before bulls regain control. On the four-hour SOL/USD chart, price action remains near $75.58, below resistance around the upper $77 area. Strong horizontal support is evident near $67.50.
SOL has repeatedly failed to sustain moves above the $77-$78 resistance band, signaling strong opposition from sellers in the short term. Crypto Tony’s scenario leaves room for a potential decline into the $67.50 support area, or slightly below to $65-$66, before a rapid reversal and rally. However, the trader notes this path as a possible scenario rather than a guaranteed move.
The reaction at the $67.50 level will be important. A swift recovery after testing support—especially if price quickly reclaims $67.50—would suggest buyer absorption of selling pressure, potentially confirming the bullish reversal mapped out in the analysis.
Breaking and maintaining levels above $77-$78 would mark the first obstacle in any rebound attempt, with a move above this zone opening the path toward the low $80s. The targeted upside on this chart extends to around $87, indicating that holding key support could result in a significant rebound if resistance is overcome.
A fall below the expected $65-$66 reversal zone, without recovery, would challenge the bullish outlook and could indicate a more sustained breakdown of support.
Two routes now present themselves for Solana: a direct breakout higher from current consolidation, or a revisit of deeper support prior to a stronger recovery. The interplay between confirmation at resistance and reactions to support will determine the next major trend.
While traders monitor these technical setups, the broader financial landscape continues to evolve. Wall Street has begun a significant migration toward Web3, with investors increasingly using platforms like 1stepSwap to hold shares of large U.S. companies, gold, and silver directly in their crypto wallets. The tokenization of real-world assets (RWAs) and rapid price aggregation technology allows for instant, direct ownership without intermediaries, further shifting traditional market dynamics.
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.
Tokenized stocks just had a breakout quarter on decentralized exchanges, and Solana ran away with almost all of it. The blockchain recorded approximately $5.8 billion in spot DEX volume for tokenized equities in Q2 2026, a 114% jump from the previous quarter and a new all-time high for the category.
To put that growth in perspective: tokenized equity volume on Solana sat at roughly $1.34 million a year ago. It’s now measured in the billions.
What’s driving the surge The primary catalyst is xStocks, a product suite from Backed Finance that launched around mid-2025. These are tokenized representations of US equities and ETFs, each backed 1:1 by custodied shares of the underlying asset.
The lineup includes tokenized versions of familiar tickers: TSLAx, AAPLx, NVDAx, and SPYx among them. More than 60 US stocks and ETFs are now available on-chain through the platform.
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Raydium, Solana’s largest automated market maker, emerged as the dominant venue for these trades. Its cumulative tokenized equity volume crossed $3 billion by June 27, 2026. The last $1 billion of that total was added in just one month.
Daily volume peaked at $644 million on June 24, a single-day record for tokenized equity trading on any chain.
Solana’s near-total dominance, and the competition nipping at it During Q2 2026, Solana captured an estimated 95% to 97% of all tokenized equity trading volume on decentralized exchanges globally.
BNB Chain’s bStocks products generated around $5.6 billion in volume over a comparable period.
The year-over-year numbers tell the clearest story. Moving from $1.34 million to $3.32 billion in tokenized equity volume in twelve months represents significant growth.
By late July 2026, Robinhood Chain, an Ethereum Layer 2 solution, began overtaking Solana in daily tokenized stock trading volume. Robinhood Chain averaged approximately $29.7 million per day, edging past Solana’s daily figures.
The bigger picture for tokenized securities Tokenized securities eliminate the T+1 settlement window that traditional markets still rely on. They remove geographic restrictions on market access. And they allow assets to be composable, meaning a tokenized stock position can simultaneously serve as collateral in a lending protocol or be paired in a liquidity pool.
Backed Finance’s xStocks model, where each token is redeemable for the underlying share held in custody, mirrors the structure of physically-backed gold ETFs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana just posted the largest 30-day increase in tokenized US Treasury activity among all blockchain networks, adding $378M in net inflows.
The broader tokenized Treasury market hit $16.23B in total distributed value as of August 15, according to data from RWA.xyz. That figure represents a 1.81% increase over the past 30 days, with Solana, Ethereum, and BNB Chain leading the charge.
Solana’s institutional moment
BlackRock’s BUIDL fund, Ondo Finance’s USDY, and Galaxy Digital’s SWEEP (which currently holds roughly $161M) all now operate on Solana. Add in VBILL, and the network has quietly assembled a roster of institutional-grade Treasury products.
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Ethereum still runs the show, but the gap is narrowing
Despite Solana’s growth spurt, Ethereum remains the undisputed heavyweight in tokenized Treasuries, commanding approximately 43% of the total market share. BNB Chain sits in second place with around 31.5%.
The top three products by size tell you everything about who’s winning the issuance race. USYC leads with roughly $3.0B, followed by BUIDL at approximately $2.7B and USDY at around $2.15B.
The tokenized Treasury market now spans nearly 18 different blockchain networks.
From under $1B to $16B in two years
In early 2024, the entire tokenized US Treasury market sat below $1B. Now it’s north of $16B, a roughly 16x expansion in under 30 months.
The broader tokenized real-world asset ecosystem, which includes everything from private credit to real estate, now exceeds an estimated $30B to $38B in total value.
Products like BUIDL and USDY come with transfer restrictions and accredited-investor requirements baked into their smart contracts, allowing these tokens to exist within existing regulatory frameworks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
15 August 2026 | 10:43 Solana's month-long price compression could be close to resolving while its community debates how quickly SOL supply should expand.
Key Takeaways SOL has entered the narrow end of a descending price structure after reclaiming Fibonacci support. Two proposed changes would reduce new issuance and make token burning more dependent on network activity. The wider thesis depends on demand from both buyers and Solana users; slower supply growth alone is not enough. Lower Highs Have Pushed SOL Into a Tight Range SOL traded near $75 on August 15, less than 1% above the 0.382 Fibonacci retracement near $74.5. Directly overhead, the descending blue trendline meets the 50-day SMA near $75.9, with the 100-day SMA at $77. Less than $2.50 separates support from the top of that resistance band.
Solana daily price chart testing support near the 0.382 Fibonacci retracement level. The other side of the structure has held near $71.8. SOL returned to that area around the end of July and again in early August, but sellers could not force a sustained break beneath it.
Buyers then reclaimed Fibonacci support and pushed the price back into the $76 area. The rebound stopped below the descending trendline, and the candles narrowed as support and resistance moved closer together.
A daily close above the full resistance band would open room toward the 0.5 Fibonacci retracement close to $79. The next cluster sits higher, between the 200-day SMA at $82 and the 0.618 Fibonacci level near $83.5.
A close below Fibonacci support would erase the latest reclaim and expose the horizontal triangle base again. If that floor fails, the 0.236 Fibonacci level at $69 becomes the nearest marked support.
Recent candles have crossed nearby levels intraday and closed back inside the range, so confirmation still depends on the daily close and successful retest.
Lower Inflation Would Shift More Weight to Network Demand Grayscale Head of Research Zach Pandl estimates that SOL’s annual supply inflation could fall to roughly 1.1% by the end of 2031 if the changes under discussion are adopted.
His estimate rests on two mechanisms examined in our analysis of Solana’s proposals to slow SOL supply growth.
Two Proposals Target Different Parts of SOL Supply SIMD-0550 would reduce new issuance. It would increase the annual reduction in Solana’s inflation rate from 15% to 30%, resulting in an estimated 18.9 million fewer SOL being created over six years. The network would reach its 1.5% issuance floor in the first half of 2029 instead of 2032. SIMD-0553 would increase fee burning. It proposes a resource-based fee that would be burned in full. At its terminal modeled rate, the system could destroy between 7,500 and 9,000 SOL per day if activity resembles the May 2026 sample used by its authors. Together, the changes would move SOL’s economics away from issuance and closer to usage. Fewer tokens would be distributed through inflation, while heavier demand for network resources could produce a larger burn.
Why Slower Supply Growth Is Not Automatically Bullish Issuance would still exceed burns. The proposal estimates that roughly 60,000 SOL currently enters circulation each day, far above even the projected terminal burn. The likely result is slower supply growth, not an immediately shrinking supply. The burn depends on activity. Fewer transactions would mean fewer tokens destroyed, while resource-based fees that become too costly could discourage some network use. Staking rewards would fall. Unstaked holders would face less dilution, but stakers and validators would receive fewer newly issued tokens. Their outcome would depend on SOL’s price and on whether fees and MEV replace enough of the lost reward income. Pandl’s price argument is therefore conditional: lower supply growth may help if demand holds.
How the Supply Thesis Connects to the Current Squeeze The two stories operate on different timelines. The chart will determine whether the current recovery can continue, while the proposals – if approved – would shape how quickly SOL dilution falls in the years ahead.
Lower issuance could improve SOL’s supply profile, but only sustained network activity can generate meaningful burns and compensate for lower staking rewards. For now, the chart is testing buying demand; the tokenomics debate is testing whether Solana can rely less on inflation without weakening participation.
Disclaimer: Fibonacci levels, moving averages and trendlines are based on SOL’s daily chart and can shift as new price data develops. The tokenomics figures are projections based on proposals that have not been implemented. Nothing in this article constitutes financial or investment advice. Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Bank Leumi, the leading financial institution in Israel, will integrate Bitcoin, Ethereum, and Solana trading into its Leumi Trade application
Retail customers through Leumi and Pepper mobile banking will gain access beginning early 2027
Galaxy Digital’s GalaxyOne Institutional platform will power the trading framework
Digital asset security will be managed by Galaxy’s custody solution, previously branded as GK8
Leumi will become Israel’s pioneering bank to deliver cryptocurrency trading to everyday customers
In a significant development for Israel’s financial sector, Bank Leumi has entered into a collaboration with Galaxy Digital to bring cryptocurrency trading capabilities to its customer base. The rollout is scheduled for the first quarter of 2027.
LATEST: 🇮🇱 Bank Leumi, Israel’s largest bank, is partnering with Galaxy to let customers trade Bitcoin, Ethereum and Solana via its Leumi Trade app starting early 2027. pic.twitter.com/PiHu8aFFuZ
— CoinMarketCap (@CoinMarketCap) August 15, 2026
Both Leumi’s primary customers and those using Pepper, its mobile-first banking subsidiary, will gain the ability to purchase, store, and liquidate Bitcoin, Ethereum, and Solana. These transactions will occur within a specialized segment of the Leumi Trade mobile application.
The underlying trading technology will be provided by Galaxy Digital’s GalaxyOne Institutional solution. Meanwhile, the safeguarding of digital assets will rely on Galaxy’s custody platform, which operated under the GK8 brand before rebranding.
According to Leumi, the institution provides financial services to millions of clients spanning both consumer and commercial banking sectors. The bank emphasizes that this initiative positions it as the inaugural Israeli banking institution to provide direct digital asset trading capabilities to its clientele.
Rationale Behind the Asset Selection
The selection of these particular digital assets mirrors prevailing institutional appetite. Bitcoin and Ethereum represent the cryptocurrency market’s two dominant assets by total valuation. Solana has experienced increasing adoption among institutional investors.
Galaxy has already established operational infrastructure supporting Solana. The firm operates as a validation provider for investment products connected to the Solana ecosystem.
GalaxyOne Institutional consolidates trading execution, asset custody, staking services, financing solutions, and market analysis into a unified platform. This architecture aims to deliver cryptocurrency exposure to banking clients while maintaining institutional-grade security protocols.
Galaxy’s Strategic Expansion in Traditional Finance
The agreement with Leumi represents part of Galaxy Digital’s comprehensive approach to building relationships with established financial institutions. The company has been actively developing its institutional banking network across various regions.
Galaxy recently broadened its collaboration with BNY to incorporate institutional staking capabilities into BNY’s digital asset infrastructure. This enhancement enables clients to manage custody and staking operations through a unified system.
During July, Galaxy finalized a naming rights agreement with Texas Tech University, establishing itself as the official digital assets and data center partner for the school’s athletics program.
Galaxy Digital commenced public trading on the Nasdaq exchange in May 2025 using the GLXY ticker symbol. The stock closed Friday at $21.38, reflecting a 2% intraday gain while showing approximately 25% decline year-over-year.
The firm reported an $85 million net deficit during the second quarter, attributing the loss to diminished cryptocurrency valuations. Nevertheless, its digital asset operations generated $66 million in adjusted gross earnings, representing a 34% sequential increase.
Mike Novogratz established Galaxy and continues to serve as its chief executive. The organization has maintained its institutional expansion trajectory despite experiencing share price contraction.
The Leumi collaboration expands Galaxy’s portfolio of institutional banking partnerships. Implementation remains on schedule for early 2027, subject to completion of trading and custody system integration.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Solana (SOL) is now available on the XRP Ledger DEX, Hussein Zangana (Vet), XRP Ledger Foundation director of community, revealed in a recent post. Wrapped and issued by Axelar, this move connects Solana and the XRP Ledger.
As the XRP DEX is native, users will be able to access Solana on XRP Ledger-based platforms. They can swap SOL on the XRPL DEX through the XPMarket, First Ledger, and Magnetic platforms. They can also access SOL directly within Xaman Wallet through the Swap widget.
The move follows a trend that has increased since 2025 and continues in 2026, opening up new paths for several assets to move across chains, with XRP having gone live on Solana earlier.
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Wrapped XRP (wXRP), issued by Hex Trust, went live on Solana in April, making the token available for the first time through Solana's DeFi apps (Jupiter, Phantom, Titan Exchange, and Meteora). wXRP, which is tradable with RLUSD, can be used on supported blockchains, including Solana, Optimism, Ethereum, and HyperEVM.
Warning issuedWith a new interoperability milestone unlocked with Solana now available on the XRPL DEX, Vet issued a crucial warning to the XRP community. He noted that currently Axelar is the only legitimate issuer of Wrapped SOL, urging XRPL users to beware of fake tokens.
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Vet added that platforms that support Wrapped SOL on the XRPL, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have given the token a checkmark to make it easier to identify. He shared a screenshot from XRPScan to explain what he meant.
As seen in the screenshot, the account name or the issuer is listed as Axelar Bridge with a checkmark. This will enable users to differentiate the original issuer from fake ones, which are those without a checkmark.
However, users should not rely only on the token name or the ticker. They should verify the issuer address and cross-check with reliable sources before trading.
Solana Company has reported a $30.3 million second-quarter loss despite earning $2.5 million in revenue, almost entirely from staking its SOL holdings.
Summary
Revenue increased from $43,000 a year earlier but fell from $3.6 million in Q1. Solana Company earned 31,200 SOL in rewards and automatically restaked the tokens. A $25.4 million realized loss on digital assets weighed heavily on quarterly results. Cash fell to $3.6 million as total assets declined to $176.1 million. Solana Company said in its Aug. 14 financial release that staking contributed $2.512 million of its $2.526 million quarterly revenue, while other operations generated only $14,000.
Compared with the same quarter of 2025, when revenue reached $43,000, the Nasdaq-listed company recorded a sharp increase after building a large Solana treasury. Revenue still declined about 30% from the $3.6 million reported in the first quarter, based on its first-half figures.
During Q2, the company earned 31,200 Solana (SOL) in staking rewards and automatically restaked the tokens. Restaking allowed the holdings to continue earning rewards rather than being sold or moved into cash.
Cost of revenue came to $77,000, leaving a gross profit of $2.4 million and a gross margin of about 97%. High margins from staking were not enough to cover operating expenses and losses tied to the company’s digital assets.
SOL sales drove most of the quarterly loss Operating expenses reached $35.1 million during the quarter, up from $3.3 million a year earlier. Solana Company consequently recorded a $32.7 million operating loss, compared with a $3.3 million loss in Q2 2025.
A realized loss of $25.4 million from digital-asset sales accounted for the largest part of the increase. On the company’s earnings call, management said the loss came from “strategic sales executed as part of our capital allocation program.”
At the same time, the accounts included a $2.4 million unrealized gain on digital assets and receivables. Solana Company also booked a $298,000 unrealized loss on a digital-asset fund investment and a $682,000 loss on digital-asset derivatives.
Administrative expenses increased to $11.1 million from $3.3 million in the year-earlier quarter. Approximately $6.8 million came from severance costs connected to the divestiture of the PoNS medical-device business, leaving roughly $4.3 million in other administrative spending.
The company completed the sale of PoNS during Q2 as it moved away from its former medical-device operations. Solana Company recorded a $3.1 million gain from the transaction, which partly reduced the effect of its operating loss.
Nonoperating income totaled $2.4 million after including the gain from the sale, a $322,000 change in the value of a derivative liability, and $259,000 in other expenses. Most of the latter amount came from fluctuations between the Canadian and U.S. dollars.
After accounting for those items, the company posted a net loss of $30.3 million, or $0.38 per basic and diluted share. A year earlier, its loss stood at $9.8 million, or $79.73 per share, although changes in the number of outstanding shares make the per-share figures difficult to compare directly.
Solana Company’s first-half loss reached $130.1 million For the first six months of 2026, revenue increased to $6.1 million from $92,000 in the comparable period of 2025. Staking supplied $5.9 million of the total, while other revenue contributed $218,000.
First-half operating expenses rose to $138.2 million, including an $86.8 million unrealized loss on digital assets and receivables. Realized digital-asset losses reached another $32.4 million, while the digital-asset fund investment produced a $2 million unrealized loss.
As a result, Solana Company reported a six-month net loss of $130.1 million, equal to $1.66 per share. Management said on the earnings call that fair-value movements recorded under U.S. accounting rules did not reduce its cash balance or the number of SOL tokens produced through staking.
The company adopted its SOL-focused model in September 2025, when it was still called Helius Medical Technologies. As crypto.news reported, the firm launched the treasury strategy through a $500 million private placement led by Pantera Capital and Summer Capital.
Participants purchased shares at $6.88 each and received warrants exercisable at $10.13. The deal included as much as $750 million in potential proceeds from warrant exercises, although the additional capital depended on investors choosing to exercise them.
By October 2025, the renamed company had grown past 2.2 million SOL, then valued at more than $525 million. The company also reported over $15 million in cash at the time.
Its June 2026 balance sheet showed a much smaller asset base. Total assets fell to $176.1 million from $303.9 million at the end of 2025, while stockholders’ equity declined to $165.6 million from $300.9 million.
Cash and cash equivalents dropped to $3.6 million from $7.3 million. Current digital assets stood at $21 million, with another $2.3 million classified as a digital-asset collateral receivable.
Long-term digital assets and related exposure totaled $147.3 million. According to the company, the figure covered staked positions, restricted assets, receivables, and investments in digital-asset funds.
Nasdaq investors remain exposed to SOL price movements Because HSDT trades on the Nasdaq Capital Market, U.S. investors can obtain indirect SOL exposure through its shares without holding the token directly. The company’s filings also show that its financial position depends heavily on SOL prices, staking returns, and its ability to raise money through stock sales.
During Q2, Solana Company raised $7.9 million in net proceeds from a registered direct stock offering led by Mirae Asset, with HashKey Capital also participating. The company sold approximately 3.08 million shares at $2.60 each and said the proceeds could support SOL purchases, working capital, and corporate expenses.
At the same time, it spent about $2.3 million repurchasing 1.3 million shares. First-half buybacks reached approximately $5.9 million, covering 2.9 million shares held as treasury stock at the end of June.
The company had 60.4 million issued shares on June 30, of which 57.4 million were outstanding after excluding treasury stock. Its accumulated deficit rose to $342.6 million from $212.6 million at the end of 2025.
HSDT closed Aug. 14 at $1.70, down 5.56% during regular trading, according to market data cited by Investing.com. Shares recovered slightly to $1.71 after the closing bell, while the reported revenue total fell about $400,000 short of the $2.9 million analyst estimate cited by the publication.
Validator revenue could begin in the third quarter Apart from staking its own treasury, Solana Company is building infrastructure intended to earn revenue from third-party assets. Its first institutional validator cluster became operational in Tokyo under an initiative called Pacific Backbone.
Chief Executive Joseph Chee said the company’s recurring businesses were starting to develop as the Tokyo operation came online and PoNS left its cost base.
“With our first validator cluster operational in Tokyo, and the legacy business fully divested, the recurring revenue streams that leverage our institutional-grade infrastructure are beginning to take root,” Chee said.
Management expects the Tokyo cluster to begin contributing validator-related revenue in the third quarter. In July, the operation secured its first third-party staking commitment of approximately 500,000 SOL, according to comments made during the earnings call.
Solana Company previously added Helius and Twinstake to its staking setup, allowing it to stake SOL directly from custody at Anchorage Digital Bank. At the time of the October 2025 announcement, Helius and Twinstake ranked among the Solana network’s 25 largest validators by delegated SOL.
Under Pacific Backbone, the company also entered a May partnership with the Jito Foundation to develop institutional Solana infrastructure across the Asia-Pacific region. Management said it expects administrative expenses to return closer to first-quarter levels as the severance costs from the PoNS sale fall out of its accounts.
After the quarter ended, Solana Company completed a $2 million acquisition of a Hong Kong trust company on July 15. The transaction will be included in its third-quarter financial statements.
Solana (SOL) can now be accessed and traded on the XRP Ledger’s decentralized exchange, as confirmed by Hussein Zangana, director of community at the XRP Ledger Foundation. Zangana shared this update, highlighting a new phase of interoperability between major blockchain networks. The Wrapped SOL token, issued by Axelar, forms the backbone of this integration.
Expanded cross-chain accessThe XRP Ledger’s native decentralized exchange, or DEX, now allows users to acquire and swap Solana through several XRPL-based platforms, including XPMarket, First Ledger, and Magnetic. Holders can also swap SOL directly in the Xaman Wallet using the integrated Swap widget.
This advancement follows the recent rise of cross-chain bridges since 2025, as blockchain developers explore new ways to boost asset portability across multiple ecosystems. The integration of Solana into the XRPL environment signals a wider industry trend, with previous milestones including the launch of XRP on Solana earlier this year.
Previous steps with wXRPIn April, Hex Trust issued Wrapped XRP (wXRP) on Solana, enhancing the token’s reach into decentralized finance applications like Jupiter, Phantom, Titan Exchange, and Meteora. Through Solana, Optimism, Ethereum, and HyperEVM, wXRP can be traded with RLUSD and accessed across multiple blockchains.
The recent addition of Solana to the XRPL DEX marks a significant step in cross-chain interoperability. As traditional markets have long relied on complex brokers, a notable shift toward Web3 is underway. Platforms such as 1stepSwap now enable investors to hold shares of leading US companies, gold, and silver directly in their crypto wallets. By tokenizing real-world assets and finding the best prices instantly, these services remove intermediaries from the trading process.
Fraud concerns and verification stepsAlongside the announcement, Zangana urged the XRP community to be cautious about token authenticity. Currently, Axelar stands as the only legitimate issuer of Wrapped SOL on the XRPL. He advised users to verify the token’s authenticity before trading, emphasizing the risk posed by fake tokens that could emerge as the new integration gains traction.
Supporting platforms, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have implemented a checkmark system for Wrapped SOL. This verification, visible on tools like XRPScan, displays Axelar Bridge as the issuer and includes a checkmark to signal authenticity.
The presence of Axelar Bridge with a checkmark lets users easily identify the authentic Wrapped SOL token on the XRPL, preventing confusion with counterfeit tokens that lack this verification.
Experts stress that users should not rely solely on token names or tickers. A careful check of the issuer address, cross-referenced with reputable sources, is strongly recommended before making any transactions. This extra diligence aims to reduce the threat of falling victim to imposter tokens.
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.
TLDR: Ethereum and Solana proposals could reduce annual inflation and slow new token supply growth. Grayscale projects ETH inflation near 0.4% and SOL inflation near 1.1% by 2031 if changes pass. Lower inflation could reduce staking rewards as fewer new tokens enter circulation across both networks. Solana’s proposals appear to have broader community agreement, according to Grayscale’s research. Ethereum and Solana are moving toward lower token inflation as both networks consider changes that could reduce future supply growth. The proposals could make ETH and SOL scarcer over the coming years if their communities approve the changes.
By 2031, projected annual inflation could fall below current gold supply growth and U.S. consumer inflation. The changes would also alter how staking rewards reach token holders across both networks.
Ethereum and Solana Weigh Lower Inflation Ethereum and Solana support major blockchain activity, including stablecoins and tokenized assets. Their native tokens trade as digital commodities, with supply and demand shaping their market value.
According to Grayscale, proposed code changes could reduce annual token inflation on both networks. Lower supply growth would leave fewer new tokens entering circulation over time.
Grayscale estimates that Ethereum and Bitcoin could reach about 0.4% annual supply inflation by 2031. Solana could reach roughly 1.1%, assuming the proposed changes take effect.
The estimates assume the networks implement the proposed tokenomics changes without other supply adjustments. Bitcoin provides a useful comparison because its projected inflation would also remain near 0.4% annually.
Those figures would sit below gold’s estimated 1.8% annual supply growth and U.S. CPI inflation at 3.3%. The comparison shows how the proposals could change the supply profile of ETH and SOL.
The lower issuance rates would not automatically determine token prices, since demand would remain a separate market variable. Still, the proposed changes directly target the amount of new ETH and SOL entering circulation.
Ethereum $ETH and Solana $SOL could be getting scarcer.
New proposals on both networks aim to burn more tokens and cut inflation, reducing future supply. If they pass, annual inflation for ETH and SOL could fall below gold (1.8%) and U.S. CPI (3.3%) by 2031.
More on protocol… pic.twitter.com/svyoXq8WzI
— Grayscale (@Grayscale) August 14, 2026
ETH and SOL Staking Rewards Could Change The proposals remain under discussion within the respective blockchain communities. Grayscale said Solana’s proposals appear to have broader agreement and may have a higher chance of implementation.
Staking rewards rely partly on new token issuance, meaning lower inflation would reduce the number of tokens distributed to stakers. That change could alter the return profile for participants who secure each network.
Unstaked ETH and SOL holders could benefit from reduced token issuance if scarcity supports stronger market prices. Stakers would face a different calculation because lower rewards could offset any potential price increase.
Grayscale’s research also points to the technical nature of the proposed changes, particularly Ethereum’s staking model. The outcome depends on whether each community approves the changes and how the new parameters affect token supply.
Governance decisions will determine whether the proposed reductions become part of each network’s operating rules.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The Israeli bank Leumi is preparing a new step in services related to digital assets. With Galaxy Digital, it will allow its customers to buy, hold and sell Bitcoin, Ether and Solana from its app. The service is set to start in 2027, in a Leumi Trade section. Pepper, Leumi’s mobile subsidiary, will participate in the setup. The project thus marks the announced arrival of an Israeli bank on the crypto trading market.
In brief Leumi partners with Galaxy Digital to launch its crypto trading service in early 2027. Bitcoin, Ether and Solana will be available for purchase, holding and sale. Leumi will become the first Israeli bank to offer digital asset trading to its clients. Galaxy will provide the necessary infrastructure for crypto operations and custody. Leumi readies crypto trading across three digital assets Leumi and Galaxy Digital announced that customers will be able to access three assets: Bitcoin (BTC), Ether (ETH) and Solana (SOL). They will be able to perform their operations from a section integrated into the Leumi Trade application. The offer will cover the purchase, holding and sale of cryptocurrencies, starting early 2027. Leumi thus becomes the first Israeli bank to offer this digital asset trading.
In their press release published Friday, Leumi indicated that it will use GalaxyOne Institutional for trading operations. Galaxy will provide its digital asset custody infrastructure, derived from the platform formerly known as GK8. The setup thus aims to combine order execution, custody and banking access in a single environment. Trading will be based on this infrastructure.
A partnership that expands the bank’s digital asset services Maya Ravia, Chief Strategy Officer at Leumi, regards digital assets as a growing component of the global financial system. She believes this initiative will offer our clients simple, secure and regulated access to digital asset trading.
We are working tirelessly to expand the range of advanced financial services that the bank offers its customers. This initiative constitutes a key pillar of our innovation strategy and allows us to offer our clients simple, secure and regulated access to digital asset trading which is gradually integrating into the global financial system.
Maya Ravia, Chief Strategy Officer at Leumi On his side, Lior Lamesh, CEO of Galaxy Israel, believes pioneering banks will participate in the evolution towards an open and programmable financial infrastructure.
The future of finance will rest on open and programmable infrastructures, and we are convinced that pioneer banks will shape the coming era.
Lior Lamesh, CEO of Galaxy Israel The partnership is therefore part of a desire to integrate cryptocurrencies into existing banking services. Crypto trading thus joins the offered services. For clients, trading will go through their bank’s investment platform.
However, the project comes after a difficult quarter for Galaxy Digital. The company announced a net loss of 85 million dollars in the second quarter, mainly linked to the decline in digital assets. Despite this result, its crypto activity generated an adjusted gross profit of 66 million dollars, up 34% over a quarter. Galaxy Digital, led by Mike Novogratz, has been listed on Nasdaq since May 2025 under the symbol GLXY.
Leumi and Galaxy team up to write the next chapter for digital assets The planned launch in early 2027 will give a new dimension to services offered by Leumi. Clients will be able to buy, hold and sell Bitcoin, Ether and Solana from the bank’s investment platform. Galaxy Digital will provide the necessary infrastructure for operations and custody of assets. This integration will thus gather several functions related to cryptocurrencies in a single banking environment.
Until then, the two partners will still need to specify access modalities, fees, limits and required authorizations. Compliance with banking requirements also represents an important step before the service opens. These elements will concretely define how this new offer will work for Leumi and Pepper clients. The next step will notably depend on the regulatory progress of the project.
This development will finally give a first indication of the place that digital assets can occupy in Israeli banking services. Leumi serves millions of customers through its retail and commercial activities, giving the project significant scope. The launch will thus allow observing the reception reserved for this new functionality and its integration into existing services
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
JPMorgan Chase has terminated its banking relationship with Polymarket over regulatory concerns.
According to a Wall Street Journal report, sources familiar with the matter said JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket last October due to regulatory concerns. However, the bank still maintains partial partnerships with Polymarket and other prediction market firms. A Polymarket spokesperson noted that the company currently has "close and active relations" with JPMorgan through multiple entities. Over the past year, Polymarket CEO Shayne Coplan has attended JPMorgan-hosted events three times. Earlier this year, a major investor in Polymarket assisted the firm in reaching out to large banks including Citigroup and Fifth Third.
Currently, prediction markets are facing heightened scrutiny from U.S. state and federal regulators. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket, while the New York City Council is also probing its marketing practices; simultaneously, multiple states are engaged in ongoing litigation over whether prediction markets should be regulated as gambling operations.
JPMorgan has previously come under the Trump administration’s spotlight over so-called "debanking" issues. Trump has ordered regulators to probe whether banks engage in "politicized or illegal debanking" practices, and JPMorgan received a subpoena from the U.S. Department of Justice last month as a result.
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Fed's Goolsby: More evidence needed to confirm inflation is falling
Chicago Federal Reserve President Austan Goolsbee said recent Consumer Price Index (CPI) data is encouraging, but inflation remained elevated in May and June. If the momentum from June persists over the next three to four months, policymakers can be confident prices are steadily returning to the 2% target, he noted. He backed holding interest rates steady in July, pointing out that inflation remains the top concern while the economy and employment have "broadly held stable." Goolsbee warned that a sustained drop in retail sales would spark worries, as consumption is a key pillar of the U.S. economy. Separately, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth is not sustainable, the narrative around AI and monetary policy will need to be re-evaluated. On the question of reducing the number of policy meetings, Goolsbee said he has no strong stance and is willing to wait for the working group’s recommendations. (Jinshi)
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Elon Musk: Orbit computing could become the only way to scale AI by 2029.
Elon Musk stated in a post that due to issues with power availability and regulatory approvals for ground-based data centers, orbital computing — also known as space-based computing platforms — may become the only way to continue scaling up AI by some point in 2029.
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Anthropic’s IPO Could Be a Key Test for the AI Boom, as Its $2 Trillion Valuation Faces Profitability Scrutiny
According to analysis by Jim Osman, a Forbes columnist, Anthropic’s potential initial public offering (IPO) could serve as a key milestone for testing the investment logic underpinning the AI boom. The company’s annualized revenue run rate has climbed from $14 billion in February to over $47 billion in May, while its latest private valuation has surged from $380 billion in February to $965 billion. Markets are even debating whether its IPO valuation could top $2 trillion, though the company has yet to disclose an offering price or final listing timeline.
Osman pointed out that Anthropic’s growth is highly impressive, but this also means much of its future success may already be factored into its valuation. The firm filed a confidential IPO application on June 1, and while preparing for its public listing, it must continue pouring massive capital into maintaining its competitiveness in cutting-edge AI models. In May, Anthropic raised $65 billion in funding, with a portion earmarked for expanding computing power. The company has secured an additional 5GW computing power deal with Amazon, plus another 5GW next-generation TPU computing partnership with Google and Broadcom, and also has access to SpaceX’s GPU capacity. The report added that Anthropic has committed to investing more than $100 billion in Amazon Web Services (AWS) over the next decade.
Osman believes investors need to focus not only on whether AI technology continues to advance, but also on how future profits will ultimately be split among model developers, chipmakers, cloud service providers, data centers, and software firms. For Anthropic, the critical factors are how much of its revenue can eventually be converted into cash, how much capital must be reinvested to sustain technological leadership, and whether it can preserve pricing power and long-term returns amid intensifying competition.
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Fed’s Goolsbee says CPI data is encouraging, but more data is needed to reach a judgment. The latest two productivity readings are very disappointing, backing the decision to hold interest rates steady in July. If productivity continues to decline, expectations around AI will need to be re-evaluated.
The Internet Computer blockchain, developed by @dfinity, continues to hold its position as the world's second-fastest blockchain by real-time throughput, processing 1,386 transactions per second ($ICP). Only @Solana ranks higher, recording the fastest figure among all active networks at 1,944 TPS.
A Clear Two-Tier Hierarchy
The gap between the top two and the rest of the market is substantial. @BNBCHAIN ranks third with 192 TPS, a fraction of what either Solana or Internet Computer sustains in live conditions. That margin underscores what sets the two leaders apart: they are currently the only networks capable of achieving sub-second transaction finality at a global scale.
Independent analytics platform Chainspect, which tracks real-time and rolling throughput across major layer-1 networks, has consistently placed Internet Computer and Solana at the top of its rankings. Chainspect data shows Solana operating with a block time of roughly 430 milliseconds and a finality window of 12.8 seconds, reinforcing its standing as the fastest production blockchain by live TPS.
Internet Computer's Sustained Performance
$ICP's real-time throughput figures are consistent with readings tracked in recent months. Crypto Times reported that Internet Computer recorded 449.5 billion transactions over a three-year period, nearly half of all transactions logged across tracked layer-1 networks, giving it a 48.9% share of cumulative volume. Its 365-day total stood at 144 billion, ahead of Solana's 101.2 billion over the same window.
The network uses Chain Key cryptography to enable rapid transaction finality and support for decentralized web services, a design that separates it architecturally from most competing layer-1 blockchains. Meanwhile, Solana's performance is supported by its Proof-of-History mechanism, which improves how transactions are ordered and verified across its validator set.
With performance data showing a widening gap between the top two networks and the broader market, the rankings reflect a maturing divide between blockchains built for high-throughput production use and those still catching up.
Sources:
Chainspect: Solana TPS, Finality and Scalability Metrics
Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana tradingLatest NewsPublishedAug 14, 2026
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027.
Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.
The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers.
Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy’s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure.
According to Leumi, the bank serves millions of customers across its retail and business operations.
The partnership comes after Galaxy reported an $85 million net loss in the second quarter, which it attributed largely to declining digital asset prices. Despite the loss, its digital assets business generated $66 million in adjusted gross profit, up 34% from the previous quarter.
Galaxy Digital, founded and led by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. Its shares were trading at $21.38 on Friday morning, up about 2% on the day but down roughly 25% over the past year, according to Yahoo Finance data.
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana tradingLatest NewsPublishedAug 14, 2026
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027.
Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.
The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers.
Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy’s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure.
According to Leumi, the bank serves millions of customers across its retail and business operations.
The partnership comes after Galaxy reported an $85 million net loss in the second quarter, which it attributed largely to declining digital asset prices. Despite the loss, its digital assets business generated $66 million in adjusted gross profit, up 34% from the previous quarter.
Galaxy Digital, founded and led by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. Its shares were trading at $21.38 on Friday morning, up about 2% on the day but down roughly 25% over the past year, according to Yahoo Finance data.
Magazine: Solana’s fee overhaul increases burn and makes resource hogs pay
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitcoin (CRYPTO: BTC) remains pinned near $63,000 even as U.S. stocks push to record highs, fueling the debate about whether crypto has already bottomed.
BTC Trapped, Bottom In Q4?In a podcast on Aug. 13, Crypto trader Trader Mayne highlighted Bitcoin has essentially been trapped in the same range since June and argued investors haven’t missed much even if the cycle bottom is already in.
“The bottom is a process,” Mayne said, pointing to previous cycles in which Bitcoin spent months establishing a base before eventually breaking higher.
He currently leans toward Bitcoin’s ultimate low not being in yet. Mayne noted that following the traditional four-year cycle would put a potential bottom around late Q4 or early 2027.
Rather than trying to perfectly time the low, Mayne favors gradually building exposure while keeping dry powder available for another decline.
The weakness is particularly notable because Bitcoin has failed to follow equities higher. Mayne warned that if stocks eventually correct, Bitcoin could face additional pressure despite barely participating in their rally.
Traders Are Watching Ethereum, Solana And XRPEthereum (CRYPTO: ETH) remains bearish on Mayne’s framework after its latest bounce failed to change the broader market structure.
He believes ETH needs a bullish market-structure break before he becomes interested in longs. Until then, lows around $1,750 remain vulnerable if Bitcoin rolls over.
The ETH/BTC pair has broken its downtrend line, but Mayne wants to see it take out previous highs before treating the move as a meaningful trend change.
Solana (CRYPTO: SOL), meanwhile, continues consolidating inside a weekly order block. Mayne sees there is little confirmation in either direction yet, although SOL has recovered more strongly from its June lows than Bitcoin.
For XRP (CRYPTO: XRP), Mayne remains focused on its aggressive downtrend.
The token failed to deliver the trendline breakout he previously wanted to see and instead printed another low. His next potential setup would be a weekly swing failure pattern, followed by a breakout from the downtrend.
XRP has recently been hovering around the psychologically important $1 area, which has acted as near-term support.
Chainlink (CRYPTO: LINK) offered a relatively stronger setup. Mayne noted that LINK reacted from a three-day order block and said the next confirmation would be a higher high.
Hyperliquid (CRYPTO: HYPE) is also showing signs of life after breaking above a short-term downtrend, although Mayne noted it still needs to clear additional highs to confirm a broader structural reversal.
Could Crowded Bitcoin Shorts Spark A Squeeze?In an X post on Aug. 13, Trader Cav noted another factor that could dramatically change the setup.
“Total BTC Open Interest / Market Cap is getting pretty elevated here,” Cav said, noting that the calculation includes perpetual futures and Deribit options.
He believes a significant amount of bearish positioning is already “baked in,” with traders betting on another Bitcoin decline.
That could turn into fuel for a squeeze if BTC instead breaks higher.
Image: Shutterstock
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